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Westlake WLK Income Tax

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Segments

By segment

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Performance and Essential Materials Segment-$47M-30.6%
Housing and Infrastructure Products Segment$13M-60.6%

Other financials

Income statement

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Revenue$2.7B-6.8%
Gross profit$112.0M-51.7%
Operating income-$172.0M-438%
Net income-$169.0M-323%
EPS (diluted)-$1.31-323%

Balance sheet

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Cash & equivalents$2.3B-1.1%
Total debt$6.4B+16.9%
Total equity$8.5B-17.9%
Total assets$19.7B-4.8%

Cash flow

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Operating cash flow-$94.0M-22.1%
CapEx$209.0M-15.7%
Free cash flow-$303.0M+6.8%

Valuation

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Market cap$10.29B+16.3%
Enterprise value$14.38B+19.0%
P/S0.9×+0.2×

Profitability

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Gross margin6.3%-8.0pp
Operating margin-15.7%-20.8pp
Net margin-14.9%-18.1pp
FCF margin-4.6%-5.3pp

Returns & leverage

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Return on equity-17.3%-21.0pp
Debt / equity0.7×+0.2×
Current ratio2.2×-0.5×

Where this comes from

Reported directly by Westlake in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Westlake’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Westlake's income tax?
Westlake (WLK) reported income tax of -$33M in Q1 2026.
How has Westlake's income tax changed year-over-year?
Westlake's income tax decreased by 3400.0% year-over-year, from $1M to -$33M.
What is the long-term trend for Westlake's income tax?
Over 3 years (2021 to 2025), Westlake's income tax has grown at a -40.8% compound annual growth rate (CAGR), from $607M to -$126M.
What does income tax mean?
The total amount of income tax the company is required to pay or accrue.
How do you interpret income tax?
Changes often correlate with fluctuations in pre-tax income, though significant shifts may indicate changes in tax strategy or effective tax rates.
How does income tax compare across companies?
Standard line item; comparable across industries, though effective rates vary based on global footprint and tax planning.