Westlake (WLK) Financials

$72.90 +1.37 (+1.92%)

Closing price 03:59 PM Eastern

Extended Trading

$72.62 -0.28 (-0.38%)

As of 07:06 PM Eastern

Annual Income Statements for Westlake

This table shows Westlake's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	602	479	2,247	2,015	330	421	996	1,304	399	646
Consolidated Net Income / (Loss)	647	522	2,297	2,070	373	462	1,034	1,339	420	665
Net Income / (Loss) Continuing Operations	647	522	2,297	2,070	373	462	1,034	1,339	420	665
Total Pre-Tax Income	938	700	2,946	2,677	331	570	1,334	1,081	558	963
Total Operating Income	875	729	3,050	2,800	429	656	1,408	1,225	583	960
Total Gross Profit	1,957	2,219	4,073	3,495	1,023	1,260	1,987	1,761	983	1,185
Total Revenue	12,142	12,548	15,794	11,778	7,504	8,118	8,635	8,041	5,076	4,463
Operating Revenue	12,142	12,548	15,794	11,778	7,504	8,118	8,635	8,041	5,076	4,463
Total Cost of Revenue	10,185	10,329	11,721	8,283	6,481	6,858	6,648	6,280	4,093	3,278
Operating Cost of Revenue	10,185	10,329	11,721	8,283	6,481	6,858	6,648	6,280	4,093	3,278
Total Operating Expenses	1,082	1,490	1,023	695	594	604	579	536	400	225
Selling, General & Admin Expense	874	865	835	551	449	458	445	399	258	218
Amortization Expense	117	122	155	123	109	109	101	108	38	7.00
Impairment Charge	0.00	475	0.00	0.00	-	-	-	-	-	-
Restructuring Charge	91	28	33	21	36	37	33	29	104	0.00
Total Other Income / (Expense), net	63	-29	-104	-123	-98	-86	-74	-144	-25	3.00
Interest Expense	159	165	177	176	142	124	126	159	79	35
Other Income / (Expense), net	222	136	73	53	44	38	52	15	54	38
Income Tax Expense	291	178	649	607	-42	108	300	-258	138	298
Net Income / (Loss) Attributable to Noncontrolling Interest	45	43	50	55	43	41	38	35	21	19
Basic Earnings per Share	$4.66	$3.73	$17.46	$15.66	$2.57	$3.26	$7.66	$10.05	$3.07	$4.88
Weighted Average Basic Shares Outstanding	128.54M	127.81M	127.97M	128.00M	127.85M	128.40M	129.40M	129.09M	129.37M	131.82M
Diluted Earnings per Share	$4.64	$3.70	$17.34	$15.58	$2.56	$3.25	$7.62	$10.00	$3.06	$4.86
Weighted Average Diluted Shares Outstanding	129.21M	128.60M	128.85M	128.70M	128.09M	128.76M	129.99M	129.54M	129.97M	132.30M
Weighted Average Basic & Diluted Shares Outstanding	128.23M	128.22M	127.36M	127.92M	127.83M	128.39M	130M	129.80M	130M	132.40M
Cash Dividends to Common per Share	$2.05	$1.71	$1.31	$1.14	$1.07	$1.03	$0.92	$0.80	$0.74	$0.69

This table shows Westlake's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-40	7.00	108	313	174	-497	285	297	394	232	401
Consolidated Net Income / (Loss)	-35	19	120	323	185	-487	295	307	407	248	412
Net Income / (Loss) Continuing Operations	-35	19	120	323	185	-487	295	307	407	248	412
Total Pre-Tax Income	-34	96	185	424	233	-558	365	377	516	305	496
Total Operating Income	-32	66	180	406	223	-552	349	396	536	327	516
Total Gross Profit	232	328	499	664	466	199	586	642	792	567	776
Total Revenue	2,846	2,843	3,117	3,207	2,975	2,826	3,115	3,251	3,356	3,299	3,956
Operating Revenue	2,846	2,843	3,117	3,207	2,975	2,826	3,115	3,251	3,356	3,299	3,956
Total Cost of Revenue	2,614	2,515	2,618	2,543	2,509	2,627	2,529	2,609	2,564	2,732	3,180
Operating Cost of Revenue	2,614	2,515	2,618	2,543	2,509	2,627	2,529	2,609	2,564	2,732	3,180
Total Operating Expenses	264	262	319	258	243	751	237	246	256	240	260
Selling, General & Admin Expense	227	226	215	224	209	224	206	213	222	200	215
Amortization Expense	30	28	29	30	30	30	31	30	31	31	39
Restructuring Charge	7.00	8.00	75	4.00	4.00	22	0.00	3.00	3.00	9.00	6.00
Total Other Income / (Expense), net	-2.00	30	5.00	18	10	-6.00	16	-19	-20	-22	-20
Interest Expense	39	39	39	41	40	41	40	42	42	43	44
Other Income / (Expense), net	37	69	44	59	50	35	56	23	22	21	24
Income Tax Expense	1.00	77	65	101	48	-71	70	70	109	57	84
Net Income / (Loss) Attributable to Noncontrolling Interest	5.00	12	12	10	11	10	10	10	13	16	11
Basic Earnings per Share	($0.31)	$0.05	$0.84	$2.42	$1.35	($3.88)	$2.22	$2.32	$3.07	$1.82	$3.12
Weighted Average Basic Shares Outstanding	128.31M	128.54M	128.64M	128.58M	128.36M	127.81M	127.85M	127.65M	127.55M	127.97M	127.94M
Diluted Earnings per Share	($0.31)	$0.07	$0.83	$2.40	$1.34	($3.86)	$2.20	$2.31	$3.05	$1.81	$3.10
Weighted Average Diluted Shares Outstanding	128.31M	129.21M	129.34M	129.35M	129.02M	128.60M	128.58M	128.48M	128.46M	128.85M	128.75M
Weighted Average Basic & Diluted Shares Outstanding	128.24M	128.23M	128.71M	128.59M	128.57M	128.22M	128.14M	127.69M	127.64M	127.36M	-
Cash Dividends to Common per Share	$0.53	-	$0.53	$0.50	$0.50	-	$0.50	$0.36	$0.36	-	$0.36

This table details how cash moves in and out of Westlake's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-384	1,073	305	604	587	-25	-779	908	-17	-218
Net Cash From Operating Activities	1,314	2,336	3,395	2,394	1,297	1,301	1,409	1,528	867	1,079
Net Cash From Continuing Operating Activities	1,314	2,336	3,395	2,394	1,297	1,301	1,409	1,528	867	1,079
Net Income / (Loss) Continuing Operations	647	522	2,297	2,070	373	462	1,034	1,339	420	665
Consolidated Net Income / (Loss)	647	522	2,297	2,070	373	462	1,034	1,339	420	665
Depreciation Expense	1,114	1,097	1,056	840	773	713	641	601	378	246
Non-Cash Adjustments To Reconcile Net Income	84	563	82	59	62	74	66	45	-31	-4.00
Changes in Operating Assets and Liabilities, net	-531	154	-40	-575	89	52	-332	-457	100	172
Net Cash From Investing Activities	-1,001	-1,037	-2,479	-3,213	-509	-1,954	-754	-652	-2,563	-1,006
Net Cash From Continuing Investing Activities	-1,001	-1,037	-2,479	-3,213	-509	-1,954	-754	-652	-2,563	-1,006
Purchase of Property, Plant & Equipment	-1,008	-1,034	-1,108	-658	-525	-787	-702	-577	-629	-491
Acquisitions	0.00	0.00	-1,203	-2,554	-18	-314	0.00	-13	-2,438	-
Other Investing Activities, net	7.00	-3.00	-168	-1.00	-10	-853	-52	-62	-21	-3.00
Net Cash From Financing Activities	-650	-245	-587	1,437	-216	630	-1,427	6.00	1,687	-287
Net Cash From Continuing Financing Activities	-650	-245	-587	1,437	-216	630	-1,427	6.00	1,687	-287
Repayment of Debt	-300	0.00	-250	-24	-1,269	-5.00	-1,165	-957	-174	-74
Repurchase of Common Equity	-60	-23	-101	-30	-54	-30	-106	0.00	-67	-163
Payment of Dividends	-313	-275	-229	-193	-192	-182	-165	-131	-114	-107
Issuance of Debt	10	9.00	-25	1,671	1,299	784	9.00	983	2,042	57
Other Financing Activities, net	13	44	18	13	-	-	-	-	-	0.00
Other Net Changes in Cash	-47	19	-24	-	-	-	-7.00	26	-8.00	-

This table details how cash moves in and out of Westlake's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-622	4.00	-127	-66	-195	247	380	263	183	440	462
Net Cash From Operating Activities	-77	434	474	237	169	573	696	555	512	835	947
Net Cash From Continuing Operating Activities	-77	434	474	237	169	573	696	555	512	835	947
Net Income / (Loss) Continuing Operations	-35	19	120	323	185	-487	295	307	407	248	412
Consolidated Net Income / (Loss)	-35	19	120	323	185	-487	295	307	407	248	412
Depreciation Expense	283	281	281	279	273	282	277	271	267	271	264
Non-Cash Adjustments To Reconcile Net Income	12	22	29	19	14	508	22	18	15	20	27
Changes in Operating Assets and Liabilities, net	-337	112	44	-384	-303	270	102	-41	-177	296	244
Net Cash From Investing Activities	-434	-265	-241	-223	-272	-287	-251	-236	-263	-331	-345
Net Cash From Continuing Investing Activities	-434	-265	-241	-223	-272	-287	-251	-236	-263	-331	-345
Purchase of Property, Plant & Equipment	-248	-285	-220	-231	-272	-282	-245	-240	-267	-297	-318
Acquisitions	-6.00	-	-	-	-	-	-	-	-	-32	-8.00
Purchase of Investments	-183	-	-	-	-1.00	-	-16	-1.00	-1.00	-	-
Other Investing Activities, net	3.00	-4.00	2.00	8.00	1.00	-23	10	5.00	5.00	-179	158
Net Cash From Financing Activities	-115	-133	-371	-72	-74	-70	-44	-56	-75	-107	-103
Net Cash From Continuing Financing Activities	-115	-133	-371	-72	-74	-70	-44	-56	-75	-107	-103
Repayment of Debt	-7.00	-	-297	3.00	-6.00	-	1.00	-	-1.00	-	-
Repurchase of Common Equity	-30	-60	-	-	0.00	-	-	-1.00	-22	-33	-37
Payment of Dividends	-78	-85	-77	-76	-75	-86	-73	-59	-57	-72	-56
Effect of Exchange Rate Changes	4.00	-	11	-8.00	-18	-	-21	-	9.00	-	-

This table presents Westlake's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	20,750	21,035	20,550	18,459	13,835	13,261	11,602	12,076	10,890	5,569
Total Current Assets	6,214	6,609	5,973	5,263	3,477	2,742	2,842	3,463	2,408	2,175
Cash & Equivalents	2,919	3,304	2,228	1,908	1,313	728	753	1,531	459	663
Accounts Receivable	1,483	1,601	1,801	1,868	1,214	1,036	1,037	1,001	939	509
Inventories, net	1,697	1,622	1,866	1,407	918	936	1,014	900	801	434
Prepaid Expenses	115	82	78	80	32	42	38	31	48	14
Plant, Property, & Equipment, net	8,633	8,519	8,477	7,606	6,920	6,912	6,595	6,412	6,420	3,004
Total Noncurrent Assets	5,903	5,907	6,100	5,590	3,438	3,084	2,165	2,201	2,062	390
Long-Term Investments	1,081	1,115	1,142	1,007	1,059	1,112	253	-	-	-
Goodwill	2,031	2,041	2,161	2,024	1,083	1,074	1,002	1,012	947	62
Intangible Assets	1,282	1,403	1,565	1,580	612	187	134	777	787	151
Other Noncurrent Operating Assets	1,509	1,348	1,232	979	684	711	776	412	328	177
Total Liabilities & Shareholders' Equity	20,750	21,035	20,550	18,459	13,835	13,261	11,602	12,076	10,890	5,569
Total Liabilities	9,707	10,271	10,085	9,931	7,257	6,858	5,526	6,707	6,998	2,007
Total Current Liabilities	2,219	2,790	2,298	2,344	1,357	1,241	1,183	1,967	1,183	523
Short-Term Debt	6.00	299	0.00	269	0.00	-	-	710	149	0.00
Accounts Payable	851	877	889	879	536	473	507	600	496	235
Accrued Expenses	1,362	1,614	1,409	1,196	821	768	676	657	538	287
Total Noncurrent Liabilities	7,488	7,481	7,787	7,587	5,900	5,617	4,343	4,740	5,815	1,485
Long-Term Debt	4,556	4,607	4,879	4,911	3,566	3,445	2,668	3,127	3,679	758
Noncurrent Deferred & Payable Income Tax Liabilities	1,553	1,560	1,735	1,681	1,368	1,255	1,159	1,111	1,650	576
Noncurrent Employee Benefit Liabilities	304	363	355	291	391	360	337	344	365	123
Other Noncurrent Operating Liabilities	1,075	951	818	704	575	557	179	158	121	28
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	-	-	-	-	0.00
Total Equity & Noncontrolling Interests	11,043	10,764	10,465	8,528	6,578	6,403	6,076	5,369	3,892	3,562
Total Preferred & Common Equity	10,527	10,241	9,931	7,955	6,043	5,860	5,590	4,874	3,524	3,266
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	10,527	10,241	9,931	7,955	6,043	5,860	5,590	4,874	3,524	3,266
Common Stock	657	631	602	582	570	554	557	556	552	543
Retained Earnings	10,481	10,143	9,885	7,808	5,938	5,757	5,477	4,613	3,412	3,110
Treasury Stock	-467	-435	-467	-399	-401	-377	-382	-302	-319	-258
Accumulated Other Comprehensive Income / (Loss)	-144	-98	-89	-36	-64	-74	-62	7.00	-121	-129
Noncontrolling Interest	516	523	534	573	535	543	486	495	368	296

This table presents Westlake's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023
Total Assets	20,711	21,109	21,083	20,960	21,396	20,981	20,806
Total Current Assets	6,021	6,549	6,609	6,526	6,757	6,296	6,146
Cash & Equivalents	2,297	2,915	3,042	3,108	3,057	2,677	2,414
Short-Term Investments	183	-	-	-	-	-	-
Accounts Receivable	1,656	1,754	1,812	1,691	1,939	1,855	1,835
Inventories, net	1,781	1,747	1,684	1,661	1,672	1,671	1,842
Prepaid Expenses	104	133	71	66	89	93	55
Plant, Property, & Equipment, net	8,674	8,602	8,541	8,523	8,570	8,550	8,518
Total Noncurrent Assets	6,016	5,958	5,933	5,911	6,069	6,135	6,142
Long-Term Investments	1,075	1,099	1,085	1,104	1,117	1,120	1,131
Goodwill	2,032	2,039	2,035	2,037	2,161	2,167	2,167
Intangible Assets	1,259	1,312	1,338	1,370	1,471	1,507	1,539
Other Noncurrent Operating Assets	1,650	1,508	1,475	1,400	1,320	1,341	1,305
Total Liabilities & Shareholders' Equity	20,711	21,109	21,083	20,960	21,396	20,981	20,806
Total Liabilities	9,790	9,923	9,989	10,107	10,111	9,904	9,978
Total Current Liabilities	2,285	2,351	2,537	2,655	2,659	2,131	2,159
Accounts Payable	955	898	885	891	811	802	828
Accrued Expenses	1,330	1,453	1,352	1,464	1,549	1,329	1,331
Total Noncurrent Liabilities	7,505	7,572	7,452	7,452	7,452	7,773	7,819
Long-Term Debt	4,588	4,616	4,585	4,590	4,574	4,894	4,892
Noncurrent Deferred & Payable Income Tax Liabilities	1,546	1,514	1,515	1,544	1,680	1,692	1,716
Noncurrent Employee Benefit Liabilities	309	356	348	353	349	358	357
Other Noncurrent Operating Liabilities	1,062	1,086	1,004	965	849	829	854
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	10,921	11,186	11,094	10,853	11,285	11,077	10,828
Total Preferred & Common Equity	10,410	10,662	10,574	10,331	10,754	10,544	10,291
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	10,410	10,662	10,574	10,331	10,754	10,544	10,291
Common Stock	651	646	636	625	620	602	591
Retained Earnings	10,373	10,541	10,500	10,252	10,705	10,484	10,232
Treasury Stock	-484	-408	-413	-414	-440	-463	-465
Accumulated Other Comprehensive Income / (Loss)	-130	-117	-149	-132	-131	-79	-67
Noncontrolling Interest	511	524	520	522	531	533	537

This table displays calculated financial ratios and metrics derived from Westlake's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.24%	-20.55%	34.10%	56.96%	-7.56%	-5.99%	7.39%	58.41%	13.74%	1.08%
EBITDA Growth	12.69%	-53.05%	13.16%	196.39%	-11.44%	-33.03%	14.12%	81.38%	-18.41%	-6.57%
EBIT Growth	26.82%	-72.30%	9.46%	503.17%	-31.84%	-52.47%	17.74%	94.66%	-36.17%	-10.99%
NOPAT Growth	11.02%	-77.14%	9.84%	347.86%	-9.08%	-51.28%	-28.08%	245.79%	-33.81%	-6.67%
Net Income Growth	23.95%	-77.27%	10.97%	454.96%	-19.26%	-55.32%	-22.78%	218.81%	-36.84%	-2.92%
EPS Growth	25.41%	-78.66%	11.30%	508.59%	-21.23%	-57.35%	-23.80%	226.80%	-37.04%	-4.14%
Operating Cash Flow Growth	-43.75%	-31.19%	41.81%	84.58%	-0.31%	-7.67%	-7.79%	76.24%	-19.65%	4.52%
Free Cash Flow Firm Growth	-80.30%	5.81%	239.86%	-535.71%	-74.97%	-23.69%	9.12%	126.74%	-741.27%	442.55%
Invested Capital Growth	3.15%	-6.04%	10.94%	38.87%	3.83%	-3.27%	0.82%	8.10%	126.30%	3.75%
Revenue Q/Q Growth	0.14%	-3.63%	0.00%	15.06%	1.10%	-1.36%	-0.17%	3.53%	17.32%	-3.24%
EBITDA Q/Q Growth	41.73%	-30.33%	0.00%	25.27%	7.79%	-5.25%	-6.37%	12.88%	5.80%	-7.85%
EBIT Q/Q Growth	146.52%	-50.00%	0.00%	32.57%	20.97%	-12.37%	-9.82%	20.26%	-4.41%	-9.90%
NOPAT Q/Q Growth	373.02%	-57.96%	0.00%	33.47%	1.38%	-7.44%	-39.80%	106.73%	3.74%	-10.74%
Net Income Q/Q Growth	358.87%	-58.47%	0.00%	35.12%	11.34%	-9.06%	-39.85%	113.07%	-2.48%	-9.68%
EPS Q/Q Growth	553.52%	-60.51%	0.00%	35.83%	13.78%	-10.71%	-40.61%	117.39%	-4.08%	-10.99%
Operating Cash Flow Q/Q Growth	-9.57%	-10.08%	0.00%	15.76%	8.17%	6.46%	-18.13%	18.93%	10.89%	-1.69%
Free Cash Flow Firm Q/Q Growth	-22.88%	111.85%	-85.89%	-182.05%	-78.64%	307.80%	-2.98%	51.14%	3.56%	-23.47%
Invested Capital Q/Q Growth	-1.55%	-6.12%	0.00%	27.20%	-1.69%	-10.35%	-2.87%	6.39%	-0.05%	3.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.12%	17.68%	25.79%	29.67%	13.63%	15.52%	23.01%	21.90%	19.37%	26.55%
EBITDA Margin	18.21%	15.64%	26.46%	31.36%	16.60%	17.33%	24.33%	22.90%	20.00%	27.87%
Operating Margin	7.21%	5.81%	19.31%	23.77%	5.72%	8.08%	16.31%	15.23%	11.49%	21.51%
EBIT Margin	9.03%	6.89%	19.77%	24.22%	6.30%	8.55%	16.91%	15.42%	12.55%	22.36%
Profit (Net Income) Margin	5.33%	4.16%	14.54%	17.58%	4.97%	5.69%	11.97%	16.65%	8.27%	14.90%
Tax Burden Percent	68.98%	74.57%	77.97%	77.33%	112.69%	81.05%	77.51%	123.87%	75.27%	69.06%
Interest Burden Percent	85.51%	80.92%	94.33%	93.83%	69.98%	82.13%	91.37%	87.18%	87.60%	96.49%
Effective Tax Rate	31.02%	25.43%	22.03%	22.67%	-12.69%	18.95%	22.49%	-23.87%	24.73%	30.95%
Return on Invested Capital (ROIC)	5.28%	4.68%	20.89%	23.32%	6.34%	6.99%	14.16%	20.54%	8.57%	21.52%
ROIC Less NNEP Spread (ROIC-NNEP)	13.57%	2.51%	16.59%	17.83%	-3.37%	1.91%	11.27%	14.07%	7.22%	20.83%
Return on Net Nonoperating Assets (RNNOA)	0.65%	0.24%	3.30%	4.08%	-0.59%	0.42%	3.91%	8.38%	2.70%	-1.86%
Return on Equity (ROE)	5.93%	4.92%	24.19%	27.41%	5.75%	7.40%	18.07%	28.92%	11.27%	19.66%
Cash Return on Invested Capital (CROIC)	2.18%	10.91%	10.52%	-9.22%	2.58%	10.31%	13.34%	12.76%	-68.84%	17.84%
Operating Return on Assets (OROA)	5.25%	4.16%	16.01%	17.67%	3.49%	5.58%	12.33%	10.80%	7.74%	18.51%
Return on Assets (ROA)	3.10%	2.51%	11.78%	12.82%	2.75%	3.72%	8.73%	11.66%	5.10%	12.33%
Return on Common Equity (ROCE)	5.65%	4.67%	22.78%	25.40%	5.27%	6.79%	16.52%	26.22%	10.27%	17.96%
Return on Equity Simple (ROE_SIMPLE)	6.15%	5.10%	23.13%	26.02%	6.17%	7.88%	18.50%	27.47%	11.92%	20.36%
Net Operating Profit after Tax (NOPAT)	604	544	2,378	2,165	483	532	1,091	1,517	439	663
NOPAT Margin	4.97%	4.33%	15.06%	18.38%	6.44%	6.55%	12.64%	18.87%	8.64%	14.85%
Net Nonoperating Expense Percent (NNEP)	-8.29%	2.17%	4.30%	5.50%	9.70%	5.08%	2.89%	6.47%	1.35%	0.69%
Return On Investment Capital (ROIC_SIMPLE)	3.87%	3.47%	15.50%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	83.88%	82.32%	74.21%	70.33%	86.37%	84.48%	76.99%	78.10%	80.63%	73.45%
SG&A Expenses to Revenue	7.20%	6.89%	5.29%	4.68%	5.98%	5.64%	5.15%	4.96%	5.08%	4.88%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.91%	11.87%	6.48%	5.90%	7.92%	7.44%	6.71%	6.67%	7.88%	5.04%
Earnings before Interest and Taxes (EBIT)	1,097	865	3,123	2,853	473	694	1,460	1,240	637	998
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,211	1,962	4,179	3,693	1,246	1,407	2,101	1,841	1,015	1,244
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.40	1.73	1.28	1.51	1.64	1.44	1.41	2.57	1.85	1.93
Price to Tangible Book Value (P/TBV)	2.05	2.60	2.06	2.75	2.28	1.83	1.77	4.06	3.63	2.06
Price to Revenue (P/Rev)	1.22	1.41	0.81	1.02	1.32	1.04	0.91	1.56	1.28	1.41
Price to Earnings (P/E)	24.51	36.91	5.68	5.94	30.09	20.00	7.90	9.61	16.30	9.75
Dividend Yield	1.79%	1.24%	1.31%	1.21%	1.37%	1.56%	1.51%	0.83%	1.47%	1.44%
Earnings Yield	4.08%	2.71%	17.61%	16.82%	3.32%	5.00%	12.66%	10.40%	6.13%	10.26%
Enterprise Value to Invested Capital (EV/IC)	1.36	1.66	1.24	1.37	1.50	1.41	1.29	2.00	1.42	1.97
Enterprise Value to Revenue (EV/Rev)	1.30	1.49	0.94	1.26	1.55	1.30	1.16	1.91	1.99	1.38
Enterprise Value to EBITDA (EV/EBITDA)	7.16	9.53	3.54	4.01	9.36	7.51	4.77	8.33	9.93	4.96
Enterprise Value to EBIT (EV/EBIT)	14.43	21.61	4.74	5.19	24.65	15.23	6.86	12.37	15.83	6.18
Enterprise Value to NOPAT (EV/NOPAT)	26.24	34.38	6.22	6.84	24.12	19.87	9.18	10.11	22.97	9.30
Enterprise Value to Operating Cash Flow (EV/OCF)	12.05	8.00	4.36	6.19	8.99	8.12	7.11	10.04	11.63	5.72
Enterprise Value to Free Cash Flow (EV/FCFF)	63.45	14.75	12.36	0.00	59.35	13.47	9.74	16.27	0.00	11.22
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.41	0.46	0.47	0.61	0.54	0.54	0.44	0.71	0.98	0.21
Long-Term Debt to Equity	0.41	0.43	0.47	0.58	0.54	0.54	0.44	0.58	0.95	0.21
Financial Leverage	0.05	0.09	0.20	0.23	0.18	0.22	0.35	0.60	0.37	-0.09
Leverage Ratio	1.92	1.96	2.05	2.14	2.09	1.99	2.07	2.48	2.21	1.59
Compound Leverage Factor	1.64	1.59	1.94	2.01	1.46	1.64	1.89	2.16	1.93	1.54
Debt to Total Capital	29.23%	31.31%	31.80%	37.79%	35.15%	34.98%	30.51%	41.68%	49.59%	17.55%
Short-Term Debt to Total Capital	0.04%	1.91%	0.00%	1.96%	0.00%	0.00%	0.00%	7.71%	1.93%	0.00%
Long-Term Debt to Total Capital	29.20%	29.40%	31.80%	35.83%	35.15%	34.98%	30.51%	33.97%	47.66%	17.55%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.31%	3.34%	3.48%	4.18%	5.27%	5.51%	5.56%	5.38%	4.77%	6.85%
Common Equity to Total Capital	67.46%	65.35%	64.72%	58.03%	59.57%	59.50%	63.93%	52.94%	45.65%	75.60%
Debt to EBITDA	2.06	2.50	1.17	1.40	2.86	2.45	1.27	2.08	3.77	0.61
Net Debt to EBITDA	0.25	0.25	0.36	0.61	0.96	1.14	0.79	1.25	3.16	-0.34
Long-Term Debt to EBITDA	2.06	2.35	1.17	1.33	2.86	2.45	1.27	1.70	3.62	0.61
Debt to NOPAT	7.56	9.02	2.05	2.39	7.38	6.48	2.44	2.53	8.72	1.14
Net Debt to NOPAT	0.93	0.90	0.63	1.05	2.47	3.02	1.52	1.52	7.31	-0.64
Long-Term Debt to NOPAT	7.55	8.47	2.05	2.27	7.38	6.48	2.44	2.06	8.38	1.14
Altman Z-Score	2.61	2.66	2.92	2.65	2.26	2.27	2.85	2.81	1.79	4.41
Noncontrolling Interest Sharing Ratio	4.76%	4.98%	5.83%	7.33%	8.30%	8.25%	8.57%	9.32%	8.91%	8.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.80	2.37	2.60	2.25	2.56	2.21	2.40	1.76	2.04	4.16
Quick Ratio	1.98	1.76	1.75	1.61	1.86	1.42	1.51	1.29	1.18	3.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	250	1,267	1,197	-856	196	785	1,028	942	-3,524	549
Operating Cash Flow to CapEx	130.36%	225.92%	306.41%	363.83%	247.05%	165.31%	200.71%	264.82%	137.84%	219.76%
Free Cash Flow to Firm to Interest Expense	1.57	7.68	6.76	-4.86	1.38	6.33	8.16	5.93	-44.60	15.70
Operating Cash Flow to Interest Expense	8.26	14.16	19.18	13.60	9.13	10.49	11.18	9.61	10.97	30.83
Operating Cash Flow Less CapEx to Interest Expense	1.92	7.89	12.92	9.86	5.44	4.15	5.61	5.98	3.01	16.80
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.58	0.60	0.81	0.73	0.55	0.65	0.73	0.70	0.62	0.83
Accounts Receivable Turnover	7.87	7.38	8.61	7.64	6.67	7.83	8.47	8.29	7.01	8.35
Inventory Turnover	6.14	5.92	7.16	7.13	6.99	7.03	6.95	7.38	6.63	6.83
Fixed Asset Turnover	1.42	1.48	1.96	1.62	1.09	1.20	1.33	1.25	1.08	1.55
Accounts Payable Turnover	11.79	11.70	13.26	11.71	12.85	14.00	12.01	11.46	11.19	13.21
Days Sales Outstanding (DSO)	46.35	49.48	42.40	47.76	54.72	46.60	43.07	44.03	52.04	43.72
Days Inventory Outstanding (DIO)	59.47	61.63	50.96	51.23	52.21	51.89	52.54	49.43	55.07	53.44
Days Payable Outstanding (DPO)	30.96	31.20	27.53	31.18	28.41	26.08	30.39	31.85	32.61	27.64
Cash Conversion Cycle (CCC)	74.86	79.90	65.83	67.81	78.52	72.42	65.23	61.61	74.50	69.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,605	11,251	11,974	10,793	7,772	7,485	7,738	7,675	7,100	3,137
Invested Capital Turnover	1.06	1.08	1.39	1.27	0.98	1.07	1.12	1.09	0.99	1.45
Increase / (Decrease) in Invested Capital	354	-723	1,181	3,021	287	-253	63	575	3,963	113
Enterprise Value (EV)	15,834	18,688	14,800	14,817	11,659	10,567	10,014	15,335	10,081	6,168
Market Capitalization	14,756	17,678	12,757	11,979	9,930	8,419	7,866	12,534	6,505	6,297
Book Value per Share	$81.79	$79.92	$77.60	$62.24	$47.31	$45.66	$43.28	$37.75	$27.34	$25.00
Tangible Book Value per Share	$56.05	$53.04	$48.49	$34.04	$34.04	$35.83	$34.48	$23.89	$13.89	$23.36
Total Capital	15,605	15,670	15,344	13,708	10,144	9,848	8,744	9,206	7,720	4,320
Total Debt	4,562	4,906	4,879	5,180	3,566	3,445	2,668	3,837	3,828	758
Total Long-Term Debt	4,556	4,607	4,879	4,911	3,566	3,445	2,668	3,127	3,679	758
Net Debt	562	487	1,509	2,265	1,194	1,605	1,662	2,306	3,208	-425
Capital Expenditures (CapEx)	1,008	1,034	1,108	658	525	787	702	577	629	491
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,082	814	1,447	1,280	807	773	906	675	754	470
Debt-free Net Working Capital (DFNWC)	4,001	4,118	3,675	3,188	2,120	1,501	1,659	2,206	1,374	1,653
Net Working Capital (NWC)	3,995	3,819	3,675	2,919	2,120	1,501	1,659	1,496	1,225	1,653
Net Nonoperating Expense (NNE)	-43	22	81	95	110	70	57	178	19	-2.07
Net Nonoperating Obligations (NNO)	562	487	1,509	2,265	1,194	1,082	1,662	2,306	3,208	-425
Total Depreciation and Amortization (D&A)	1,114	1,097	1,056	840	773	713	641	601	378	246
Debt-free, Cash-free Net Working Capital to Revenue	8.91%	6.49%	9.16%	10.87%	10.75%	9.52%	10.49%	8.39%	14.85%	10.53%
Debt-free Net Working Capital to Revenue	32.95%	32.82%	23.27%	27.07%	28.25%	18.49%	19.21%	27.43%	27.07%	37.03%
Net Working Capital to Revenue	32.90%	30.44%	23.27%	24.78%	28.25%	18.49%	19.21%	18.60%	24.13%	37.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.66	$3.73	$17.46	$15.66	$2.57	$3.26	$7.66	$10.05	$3.07	$4.88
Adjusted Weighted Average Basic Shares Outstanding	128.54M	127.81M	127.97M	128.00M	127.85M	128.40M	129.40M	129.09M	129.37M	131.82M
Adjusted Diluted Earnings per Share	$4.64	$3.70	$17.34	$15.58	$2.56	$3.25	$7.62	$10.00	$3.06	$4.86
Adjusted Weighted Average Diluted Shares Outstanding	129.21M	128.60M	128.85M	128.70M	128.09M	128.76M	129.99M	129.54M	129.97M	132.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	128.23M	128.22M	127.36M	127.92M	127.83M	128.39M	128.47M	129.42M	128.93M	130.22M
Normalized Net Operating Profit after Tax (NOPAT)	666	919	2,404	2,181	326	562	1,117	878	517	663
Normalized NOPAT Margin	5.49%	7.32%	15.22%	18.52%	4.34%	6.92%	12.94%	10.92%	10.19%	14.85%
Pre Tax Income Margin	7.73%	5.58%	18.65%	22.73%	4.41%	7.02%	15.45%	13.44%	10.99%	21.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.90	5.24	17.64	16.21	3.33	5.60	11.59	7.80	8.06	28.51
NOPAT to Interest Expense	3.80	3.29	13.44	12.30	3.40	4.29	8.66	9.54	5.55	18.94
EBIT Less CapEx to Interest Expense	0.56	-1.02	11.38	12.47	-0.37	-0.75	6.02	4.17	0.10	14.49
NOPAT Less CapEx to Interest Expense	-2.54	-2.97	7.18	8.56	-0.29	-2.06	3.09	5.91	-2.41	4.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	48.38%	52.68%	9.97%	9.32%	51.47%	39.39%	15.96%	9.78%	27.14%	16.09%
Augmented Payout Ratio	57.65%	57.09%	14.37%	10.77%	65.95%	45.89%	26.21%	9.78%	43.10%	40.60%

This table displays calculated financial ratios and metrics derived from Westlake's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.34%	0.60%	0.06%	-1.35%	-11.35%	-14.34%	-21.26%	-27.48%	-17.26%	0.00%	0.00%
EBITDA Growth	-47.25%	277.02%	-25.95%	7.83%	-33.82%	-137.96%	-15.17%	-52.61%	-36.54%	0.00%	-25.35%
EBIT Growth	-98.17%	126.11%	-44.69%	10.98%	-51.08%	-248.56%	-25.00%	-64.85%	-46.50%	0.00%	-38.22%
NOPAT Growth	-112.65%	103.38%	-58.61%	-4.09%	-58.12%	-245.32%	-34.19%	-63.91%	-46.54%	0.00%	-34.72%
Net Income Growth	-118.92%	103.90%	-59.32%	5.21%	-54.55%	-296.37%	-28.40%	-64.83%	-46.73%	0.00%	0.00%
EPS Growth	-123.13%	101.81%	-62.27%	3.90%	-56.07%	-313.26%	-29.03%	-65.00%	-47.68%	0.00%	0.00%
Operating Cash Flow Growth	-145.56%	-24.26%	-31.90%	-57.30%	-66.99%	-31.38%	-26.50%	-39.21%	-26.86%	0.00%	25.43%
Free Cash Flow Firm Growth	-154.25%	-201.29%	102.67%	19.00%	62.34%	136.78%	-231.28%	115.39%	114.38%	69.71%	11,385.85%
Invested Capital Growth	3.67%	3.15%	-1.64%	-2.65%	-5.29%	-6.04%	0.00%	-1.68%	-0.68%	10.94%	-100.00%
Revenue Q/Q Growth	0.11%	-8.79%	-2.81%	7.80%	5.27%	-9.28%	-4.18%	-3.13%	1.73%	-16.61%	-11.76%
EBITDA Q/Q Growth	-30.77%	-17.62%	-32.12%	36.26%	332.34%	-134.46%	-1.16%	-16.36%	33.28%	-23.01%	-44.78%
EBIT Q/Q Growth	-96.30%	-39.73%	-51.83%	70.33%	152.80%	-227.65%	-3.34%	-24.91%	60.34%	-35.56%	-54.70%
NOPAT Q/Q Growth	-271.48%	-88.81%	-62.25%	74.68%	145.82%	-236.99%	-12.53%	-23.72%	59.00%	-37.97%	-52.03%
Net Income Q/Q Growth	-284.21%	-84.17%	-62.85%	74.59%	137.99%	-265.08%	-3.91%	-24.57%	64.11%	-39.81%	-52.81%
EPS Q/Q Growth	-542.86%	-91.57%	-65.42%	79.10%	134.72%	-275.45%	-4.76%	-24.26%	68.51%	-41.61%	-53.03%
Operating Cash Flow Q/Q Growth	-117.74%	-8.44%	100.00%	40.24%	-70.51%	-17.67%	25.41%	8.40%	-38.68%	-11.83%	3.72%
Free Cash Flow Firm Q/Q Growth	-30.64%	-209.01%	-50.46%	-23.11%	143.93%	102.88%	-2,305.95%	4.88%	155.27%	-110.27%	358.56%
Invested Capital Q/Q Growth	3.01%	-1.55%	-0.54%	2.78%	2.49%	-6.12%	-1.56%	-0.01%	1.68%	0.00%	-100.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	8.15%	11.54%	16.01%	20.70%	15.66%	7.04%	18.81%	19.75%	23.60%	17.19%	19.62%
EBITDA Margin	10.12%	14.63%	16.20%	23.20%	18.35%	-8.32%	21.89%	21.22%	24.58%	18.76%	20.32%
Operating Margin	-1.12%	2.32%	5.77%	12.66%	7.50%	-19.53%	11.20%	12.18%	15.97%	9.91%	13.04%
EBIT Margin	0.18%	4.75%	7.19%	14.50%	9.18%	-18.29%	13.00%	12.89%	16.63%	10.55%	13.65%
Profit (Net Income) Margin	-1.23%	0.67%	3.85%	10.07%	6.22%	-17.23%	9.47%	9.44%	12.13%	7.52%	10.41%
Tax Burden Percent	102.94%	19.79%	64.86%	76.18%	79.40%	87.28%	80.82%	81.43%	78.88%	81.31%	83.06%
Interest Burden Percent	-680.00%	71.11%	82.59%	91.18%	85.35%	107.93%	90.12%	89.98%	92.47%	87.64%	91.85%
Effective Tax Rate	0.00%	80.21%	35.14%	23.82%	20.60%	0.00%	19.18%	18.57%	21.12%	18.69%	16.94%
Return on Invested Capital (ROIC)	-0.81%	0.49%	3.82%	9.73%	6.11%	-14.77%	19.68%	11.20%	15.56%	11.18%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.28%	1.62%	4.32%	11.21%	6.89%	-24.85%	23.38%	10.32%	14.84%	10.23%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-0.18%	0.08%	0.25%	0.94%	0.64%	-2.34%	1.45%	1.72%	3.22%	2.03%	0.00%
Return on Equity (ROE)	-0.98%	0.57%	4.07%	10.67%	6.75%	-17.11%	21.13%	12.92%	18.78%	13.22%	0.00%
Cash Return on Invested Capital (CROIC)	-0.24%	2.18%	2.72%	5.10%	7.96%	10.91%	-178.42%	13.42%	17.13%	10.52%	200.00%
Operating Return on Assets (OROA)	0.10%	2.76%	4.10%	8.36%	5.35%	-11.04%	15.82%	8.64%	12.38%	8.54%	0.00%
Return on Assets (ROA)	-0.71%	0.39%	2.20%	5.81%	3.62%	-10.40%	11.53%	6.33%	9.03%	6.09%	0.00%
Return on Common Equity (ROCE)	-0.94%	0.54%	3.88%	10.16%	6.42%	-16.26%	20.13%	12.24%	17.75%	12.45%	0.00%
Return on Equity Simple (ROE_SIMPLE)	4.10%	0.00%	1.32%	2.99%	2.90%	0.00%	11.69%	13.03%	18.85%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-22	13	117	309	177	-386	282	322	423	266	429
NOPAT Margin	-0.79%	0.46%	3.75%	9.64%	5.95%	-13.67%	9.06%	9.92%	12.60%	8.06%	10.83%
Net Nonoperating Expense Percent (NNEP)	1.47%	-1.13%	-0.50%	-1.48%	-0.78%	10.08%	-3.70%	0.88%	0.72%	0.95%	5.39%
Return On Investment Capital (ROIC_SIMPLE)	-0.14%	0.08%	-	-	-	-2.47%	-	-	-	1.73%	-
Cost of Revenue to Revenue	91.85%	88.46%	83.99%	79.30%	84.34%	92.96%	81.19%	80.25%	76.40%	82.81%	80.38%
SG&A Expenses to Revenue	7.98%	7.95%	6.90%	6.98%	7.03%	7.93%	6.61%	6.55%	6.62%	6.06%	5.43%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.28%	9.22%	10.23%	8.04%	8.17%	26.57%	7.61%	7.57%	7.63%	7.27%	6.57%
Earnings before Interest and Taxes (EBIT)	5.00	135	224	465	273	-517	405	419	558	348	540
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	288	416	505	744	546	-235	682	690	825	619	804
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.23	1.40	1.81	1.75	1.88	1.73	1.46	1.42	1.41	1.28	0.00
Price to Tangible Book Value (P/TBV)	1.80	2.05	2.64	2.58	2.81	2.60	2.20	2.18	2.20	2.06	0.00
Price to Revenue (P/Rev)	1.07	1.22	1.59	1.53	1.60	1.41	1.21	1.08	0.96	0.81	0.00
Price to Earnings (P/E)	33.06	24.51	197.20	67.47	75.09	36.91	12.99	11.31	7.67	5.68	0.00
Dividend Yield	2.07%	1.79%	1.35%	1.39%	1.22%	1.24%	1.28%	1.22%	1.21%	1.31%	1.48%
Earnings Yield	3.02%	4.08%	0.51%	1.48%	1.33%	2.71%	7.70%	8.84%	13.03%	17.61%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.20	1.36	1.73	1.67	1.79	1.66	1.41	1.36	1.34	1.24	0.00
Enterprise Value to Revenue (EV/Rev)	1.20	1.30	1.69	1.64	1.70	1.49	1.30	1.20	1.08	0.94	0.00
Enterprise Value to EBITDA (EV/EBITDA)	7.36	7.16	13.11	11.42	12.27	9.53	6.01	5.65	4.41	3.54	0.00
Enterprise Value to EBIT (EV/EBIT)	17.34	14.43	45.96	31.68	35.60	21.61	9.78	8.90	6.20	4.74	0.00
Enterprise Value to NOPAT (EV/NOPAT)	36.42	26.24	160.28	68.35	68.99	34.38	13.09	11.53	8.13	6.22	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	13.46	12.05	14.08	11.84	10.36	8.00	6.51	5.83	5.10	4.36	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	63.45	63.20	32.40	21.89	14.75	0.00	10.08	7.81	12.36	1.27
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	0.41	0.41	0.44	0.45	0.46	0.43	0.44	0.45	0.47	0.00
Long-Term Debt to Equity	0.42	0.41	0.41	0.41	0.42	0.43	0.41	0.44	0.45	0.47	0.00
Financial Leverage	0.08	0.05	0.06	0.08	0.09	0.09	0.06	0.17	0.22	0.20	0.08
Leverage Ratio	1.91	1.92	1.89	1.90	1.93	1.96	1.90	1.96	2.02	2.05	2.17
Compound Leverage Factor	-13.01	1.36	1.56	1.73	1.64	2.11	1.71	1.77	1.87	1.80	2.00
Debt to Total Capital	29.58%	29.23%	29.21%	30.57%	31.06%	31.31%	30.16%	30.64%	31.12%	31.80%	0.00%
Short-Term Debt to Total Capital	0.00%	0.04%	0.00%	1.88%	1.91%	1.91%	1.85%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	29.58%	29.20%	29.21%	28.69%	29.16%	29.40%	28.31%	30.64%	31.12%	31.80%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.29%	3.31%	3.32%	3.25%	3.32%	3.34%	3.29%	3.34%	3.42%	3.48%	0.00%
Common Equity to Total Capital	67.12%	67.46%	67.47%	66.17%	65.62%	65.35%	66.56%	66.02%	65.46%	64.72%	0.00%
Debt to EBITDA	2.35	2.06	2.96	2.81	2.91	2.50	1.73	1.67	1.32	1.17	0.00
Net Debt to EBITDA	0.53	0.25	0.39	0.44	0.40	0.25	0.25	0.37	0.36	0.36	0.00
Long-Term Debt to EBITDA	2.35	2.06	2.96	2.64	2.73	2.35	1.62	1.67	1.32	1.17	0.00
Debt to NOPAT	11.63	7.56	36.18	16.84	16.34	9.02	3.77	3.40	2.43	2.05	0.00
Net Debt to NOPAT	2.62	0.93	4.72	2.61	2.27	0.90	0.54	0.76	0.67	0.63	0.00
Long-Term Debt to NOPAT	11.63	7.55	36.18	15.80	15.34	8.47	3.54	3.40	2.43	2.05	0.00
Altman Z-Score	2.28	2.46	2.72	2.69	2.68	2.44	2.53	2.57	2.60	2.47	0.00
Noncontrolling Interest Sharing Ratio	4.74%	4.76%	4.69%	4.75%	4.88%	4.98%	4.71%	5.24%	5.52%	5.83%	7.26%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.64	2.80	2.79	2.61	2.46	2.37	2.54	2.95	2.85	2.60	0.00
Quick Ratio	1.81	1.98	1.99	1.91	1.81	1.76	1.88	2.13	1.97	1.75	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-445	-341	313	631	821	337	-11,702	530	506	-915	8,914
Operating Cash Flow to CapEx	-31.05%	152.28%	215.45%	102.60%	62.13%	203.19%	284.08%	231.25%	191.76%	281.14%	297.80%
Free Cash Flow to Firm to Interest Expense	-11.42	-8.74	8.02	15.40	20.53	8.21	-292.55	12.63	12.04	-21.28	202.58
Operating Cash Flow to Interest Expense	-1.97	11.13	12.15	5.78	4.23	13.98	17.40	13.21	12.19	19.42	21.52
Operating Cash Flow Less CapEx to Interest Expense	-8.33	3.82	6.51	0.15	-2.58	7.10	11.28	7.50	5.83	12.51	14.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.58	0.58	0.57	0.58	0.58	0.60	1.22	0.67	0.74	0.81	0.00
Accounts Receivable Turnover	7.18	7.87	6.57	6.61	6.90	7.38	0.00	6.32	7.21	8.61	0.00
Inventory Turnover	5.98	6.14	6.02	6.09	5.87	5.92	0.00	6.00	6.18	7.16	0.00
Fixed Asset Turnover	1.40	1.42	1.41	1.42	1.43	1.48	0.00	1.65	1.80	1.96	0.00
Accounts Payable Turnover	11.15	11.79	12.05	12.10	11.95	11.70	0.00	11.39	12.47	13.26	0.00
Days Sales Outstanding (DSO)	50.85	46.35	55.59	55.20	52.89	49.48	0.00	57.80	50.62	42.40	0.00
Days Inventory Outstanding (DIO)	61.05	59.47	60.60	59.98	62.22	61.63	0.00	60.78	59.06	50.96	0.00
Days Payable Outstanding (DPO)	32.74	30.96	30.29	30.16	30.54	31.20	0.00	32.04	29.26	27.53	0.00
Cash Conversion Cycle (CCC)	79.15	74.86	85.89	85.02	84.58	79.90	0.00	86.54	80.42	65.83	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,954	11,605	11,788	11,852	11,531	11,251	11,984	12,174	12,175	11,974	0.00
Invested Capital Turnover	1.02	1.06	1.02	1.01	1.03	1.08	2.17	1.13	1.24	1.39	0.00
Increase / (Decrease) in Invested Capital	423	354	-196	-322	-644	-723	11,984	-208	-83	1,181	-8,485
Enterprise Value (EV)	14,371	15,834	20,451	19,831	20,648	18,688	16,924	16,606	16,346	14,800	10,816
Market Capitalization	12,827	14,756	19,325	18,553	19,448	17,678	15,694	14,976	14,462	12,757	10,816
Book Value per Share	$81.18	$81.79	$82.92	$82.24	$80.48	$79.92	$84.22	$82.61	$80.80	$77.60	$0.00
Tangible Book Value per Share	$55.52	$56.05	$56.86	$56.01	$53.94	$53.04	$55.78	$53.82	$51.70	$48.49	$0.00
Total Capital	15,509	15,605	15,802	15,979	15,743	15,670	16,158	15,971	15,720	15,344	0.00
Total Debt	4,588	4,562	4,616	4,885	4,890	4,906	4,873	4,894	4,892	4,879	0.00
Total Long-Term Debt	4,588	4,556	4,616	4,585	4,590	4,607	4,574	4,894	4,892	4,879	0.00
Net Debt	1,033	562	602	758	678	487	699	1,097	1,347	1,509	0.00
Capital Expenditures (CapEx)	248	285	220	231	272	282	245	240	267	297	318
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,256	1,082	1,283	1,330	1,063	814	1,340	1,488	1,573	1,447	0.00
Debt-free Net Working Capital (DFNWC)	3,736	4,001	4,198	4,372	4,171	4,118	4,397	4,165	3,987	3,675	0.00
Net Working Capital (NWC)	3,736	3,995	4,198	4,072	3,871	3,819	4,098	4,165	3,987	3,675	0.00
Net Nonoperating Expense (NNE)	13	-5.94	-3.24	-14	-7.94	101	-13	15	16	18	17
Net Nonoperating Obligations (NNO)	1,033	562	602	758	678	487	699	1,097	1,347	1,509	0.00
Total Depreciation and Amortization (D&A)	283	281	281	279	273	282	277	271	267	271	264
Debt-free, Cash-free Net Working Capital to Revenue	10.46%	8.91%	10.58%	10.97%	8.74%	6.49%	10.29%	10.73%	10.42%	9.16%	0.00%
Debt-free Net Working Capital to Revenue	31.10%	32.95%	34.62%	36.06%	34.28%	32.82%	33.77%	30.05%	26.41%	23.27%	0.00%
Net Working Capital to Revenue	31.10%	32.90%	34.62%	33.59%	31.82%	30.44%	31.47%	30.05%	26.41%	23.27%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.31)	$0.05	$0.84	$2.42	$1.35	($3.88)	$2.22	$2.32	$3.07	$1.82	$0.00
Adjusted Weighted Average Basic Shares Outstanding	128.31M	128.54M	128.64M	128.58M	128.36M	127.81M	127.85M	127.65M	127.55M	127.97M	0.00
Adjusted Diluted Earnings per Share	($0.31)	$0.07	$0.83	$2.40	$1.34	($3.86)	$2.20	$2.31	$3.05	$1.81	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	128.31M	129.21M	129.34M	129.35M	129.02M	128.60M	128.58M	128.48M	128.46M	128.85M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	128.24M	128.23M	128.71M	128.59M	128.57M	128.22M	128.14M	127.69M	127.64M	127.36M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-18	52	165	312	180	-371	282	325	425	273	434
Normalized NOPAT Margin	-0.61%	1.82%	5.31%	9.74%	6.06%	-13.13%	9.06%	9.99%	12.67%	8.28%	10.96%
Pre Tax Income Margin	-1.19%	3.38%	5.94%	13.22%	7.83%	-19.75%	11.72%	11.60%	15.38%	9.25%	12.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.13	3.46	5.74	11.34	6.83	-12.61	10.13	9.98	13.29	8.09	12.27
NOPAT to Interest Expense	-0.57	0.33	2.99	7.54	4.43	-9.42	7.05	7.68	10.07	6.18	9.74
EBIT Less CapEx to Interest Expense	-6.23	-3.85	0.10	5.71	0.03	-19.49	4.00	4.26	6.93	1.19	5.05
NOPAT Less CapEx to Interest Expense	-6.93	-6.97	-2.65	1.91	-2.37	-16.30	0.93	1.96	3.71	-0.72	2.51
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	74.00%	48.38%	222.70%	98.10%	97.67%	52.68%	20.76%	17.76%	12.22%	9.97%	0.00%
Augmented Payout Ratio	95.08%	57.65%	222.70%	98.10%	98.00%	57.09%	25.22%	24.53%	18.56%	14.37%	0.00%

Frequently Asked Questions About Westlake's Financials

When does Westlake's fiscal year end?

According to the most recent income statement we have on file, Westlake's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Westlake's net income changed over the last 9 years?

Westlake's net income appears to be on an upward trend, with a most recent value of $647 million in 2024, falling from $665 million in 2015. The previous period was $522 million in 2023. See Westlake's forecast for analyst expectations on what’s next for the company.

What is Westlake's operating income?

Westlake's total operating income in 2024 was $875 million, based on the following breakdown:

Total Gross Profit: $1.96 billion
Total Operating Expenses: $1.08 billion

How has Westlake revenue changed over the last 9 years?

Over the last 9 years, Westlake's total revenue changed from $4.46 billion in 2015 to $12.14 billion in 2024, a change of 172.1%.

How much debt does Westlake have?

Westlake's total liabilities were at $9.71 billion at the end of 2024, a 5.5% decrease from 2023, and a 383.6% increase since 2015.

How much cash does Westlake have?

In the past 9 years, Westlake's cash and equivalents has ranged from $459 million in 2016 to $3.30 billion in 2023, and is currently $2.92 billion as of their latest financial filing in 2024.

How has Westlake's book value per share changed over the last 9 years?

Over the last 9 years, Westlake's book value per share changed from 25.00 in 2015 to 81.79 in 2024, a change of 227.2%.

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This page (NYSE:WLK) was last updated on 5/27/2025 by MarketBeat.com Staff

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Westlake (WLK) Financials

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Westlake (WLK) Financials

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