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Westlake Chemical Corporation logo
Westlake Chemical Corporation WLK
$ 63.33 2.25%
report update icon

Quarterly report 2026-Q2
added 08-05-2026

Westlake Chemical Corporation Income Statement 2025-2008 | WLK

Brief overview of income trends at Westlake Chemical Corporation

The conclusions below are based on five years of reported results. Revenue at Westlake Chemical Corporation moved from 7.5 billion dollars in 2020 to 11.2 billion dollars in 2025. The five-year change reached +48.9%, while CAGR stood at 8.3%. Revenue advanced gradually over the five-year period.

Gross profit was $1 billion at the start and $813 million at the end of the period (−20.5%). The relationship between sales and direct costs deteriorated. The gross margin was 13.6% at the start and 7.3% at the end. The business retained less gross profit from each unit of revenue.

The five-year EBITDA result moved by −133.3%: from 1.2 billion dollars to −400 million dollars. Operating performance weakened relative to revenue. EBITDA margin was 16% at the start and −3.6% at the end. A lower EBITDA share weakens the quality of the result.

Across the five years, the net result shifted from $330 million to −$1.5 billion. A positive result was not sustained and the period ended with a loss.

Over the period, capitalization shifted from 9.6 billion dollars to 12.8 billion dollars (+33.7%). Higher capitalization indicates improving investor confidence.

Summary assessment

Signs of deterioration dominate the five-year picture. The financial profile benefits from sales growth. The overall view is constrained by pressure on operating profitability, declining net profitability and a lower gross margin. The key question is whether sales can be converted into sustainable profit.

Annual Income Statement Westlake Chemical Corporation

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

12.8 B 14.4 B 14.4 B 15.2 B 12.6 B 9.59 B 8.25 B 10 B 14.4 B 8.08 B 6.02 B 7.64 B 8.13 B 5.97 B 3.81 B 657 M 690 M -

Shares

128 M 129 M 128 M 128 M 128 M 128 M 129 M 130 M 130 M 130 M 132 M 133 M 134 M 133 M 133 M 65.5 M 65.3 M -

Historical Prices

100 112 112 118 98.1 75 58.9 70 106 57.5 41.6 51.8 54.6 38.8 24.5 10 10.6 8.69

Net Income

-1.51 B 602 M 479 M 2.25 B 2.02 B 330 M 421 M 996 M 1.3 B 399 M 646 M 679 M 610 M 386 M 259 M 221 M 53 M -

Revenue

11.2 B 12.1 B 12.5 B 15.8 B 11.8 B 7.5 B 8.12 B 8.64 B 8.04 B 5.08 B 4.46 B 4.42 B 3.76 B 3.57 B 3.62 B - - -

Cost of Revenue

10.4 B 10.2 B 10.3 B 11.7 B 8.28 B 6.48 B 6.86 B 6.65 B 6.28 B 4.09 B - - - - - - - -

Gross Profit

813 M 1.96 B 2.22 B 4.07 B 3.5 B 1.02 B 1.26 B 1.99 B 1.77 B 981 M 1.19 B 1.32 B 1.1 B 737 M 559 M 483 M 195 M -

Operating Income

-1.58 B 875 M 729 M 3.05 B 2.8 B 429 M 656 M 1.41 B 1.22 B 583 M 960 M 1.12 B 953 M 615 M 447 M 378 M 107 M -

Interest Expense

- - 165 M 177 M 176 M 142 M 124 M 126 M 159 M 79 M 35 M 37.4 M 18.1 M 43 M 51 M 39.9 M 35 M -

EBITDA

-400 M 1.99 B 1.83 B 4.11 B 3.64 B 1.2 B 802 M 1.54 B 1.37 B 1.06 B 1.21 B 1.33 B 1.11 B 759 M 578 M 507 M 230 M -

Operating Expenses

- - - - - - 567 M 546 M 507 M 295 M 225 M 193 M 149 M 122 M 112 M - - -

General and Administrative Expenses

900 M 874 M 865 M 835 M 551 M 449 M 458 M 445 M 399 M 295 M 225 M 193 M 148 M 122 M 112 M 104 M 87.9 M -

All numbers in USD currency

Quarterly Income Statement Westlake Chemical Corporation

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

128 M 128 M 128 M 128 M 128 M 129 M 129 M 128 M 128 M 128 M 128 M - 128 M 128 M 128 M - 128 M 128 M 128 M - 128 M 128 M 128 M - 128 M 128 M 129 M - 129 M 130 M 129 M - 129 M 129 M 129 M - 129 M 130 M 130 M - 132 M 133 M 133 M - 133 M 133 M 133 M - 133 M 133 M 133 M - 66.3 M 66.3 M 66.1 M - 66 M 66 M 65.7 M

Net Income

260 M -169 M -782 M -142 M -40 M 108 M 313 M 174 M 285 M 297 M 394 M - 401 M 858 M 764 M - 607 M 536 M 253 M 113 M 57 M 15 M 145 M 72 M 158 M 119 M 72 M 123 M 308 M 278 M 287 M 802 M 211 M 153 M 138 M 99 M 66 M 111 M 123 M 111 M 184 M 205 M 146 M 183 M 168 M 169 M 158 M 171 M 170 M 146 M 123 M 95.3 M 87 M 116 M 87.8 M 26.4 M 67.9 M 81 M 83.5 M

Revenue

3.27 B 2.65 B 2.84 B 2.95 B 2.85 B 3.12 B 3.21 B 2.98 B 3.12 B 3.25 B 3.36 B - 3.96 B 4.48 B 4.06 B - 3.06 B 2.86 B 2.36 B 1.96 B 1.9 B 1.71 B 1.93 B 1.88 B 2.07 B 2.14 B 2.02 B 2 B 2.26 B 2.24 B 2.15 B 2.01 B 2.11 B 1.98 B 1.94 B 1.74 B 1.28 B 1.09 B 975 M 987 M 1.19 B 1.19 B 1.1 B 1.14 B 1.25 B 999 M 1.03 B 952 M 1 B 939 M 865 M 801 M 821 M 914 M 1.03 B 859 M 968 M 925 M 867 M

Cost of Revenue

2.62 B 2.54 B 2.6 B 2.7 B 2.61 B 2.62 B 2.54 B 2.51 B 2.53 B 2.61 B 2.56 B - 3.18 B 3.04 B 2.77 B - 2.04 B 1.99 B 1.85 B - 1.65 B 1.54 B 1.65 B - 1.7 B 1.8 B 1.73 B - 1.72 B 1.68 B 1.61 B - 1.61 B - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

652 M 112 M 236 M 258 M 232 M 499 M 664 M 466 M 586 M 642 M 792 M - 776 M 1.44 B 1.28 B - 1.02 B 872 M 509 M 323 M 248 M 169 M 283 M 250 M 371 M 340 M 299 M 354 M 539 M 552 M 542 M 496 M 496 M 403 M 366 M 282 M 203 M 241 M 255 M 236 M 311 M 353 M 285 M 363 M 362 M 306 M 287 M 296 M 304 M 273 M 228 M 190 M 172 M 202 M 173 M 77.3 M 147 M 167 M 168 M

Operating Income

364 M -172 M -766 M -109 M -32 M 180 M 406 M 223 M 349 M 396 M 536 M - 516 M 1.18 B 1.03 B - 861 M 720 M 346 M 178 M 79 M 36 M 136 M 102 M 226 M 194 M 134 M 207 M 396 M 404 M 401 M 363 M 364 M 264 M 234 M 153 M 46 M 180 M 202 M 181 M 254 M 295 M 229 M 302 M 307 M 267 M 248 M 258 M 267 M 235 M 194 M 156 M 143 M 171 M 146 M 50.5 M 117 M 138 M 141 M

Interest Expense

- - - - - - 41 M 40 M 40 M 42 M 42 M - 44 M 44 M 46 M - 61 M 36 M 33 M - 37 M 40 M 31 M - 31 M 28 M 30 M - 28 M 31 M 37 M - 40 M 39 M 40 M - 24.4 M 5.92 M 6.68 M - 8.21 M 8.96 M 9.59 M - 9.49 M 9.54 M 9.16 M - 3.3 M 5.34 M 6.28 M - 11.9 M 11.6 M 12.2 M - 12.7 M 12.8 M 12.9 M

EBITDA

650 M 112 M -463 M 186 M 251 M 461 M 685 M 496 M 626 M 667 M 803 M - 780 M 1.44 B 1.29 B - 1.06 B 922 M 541 M 178 M 275 M 227 M 326 M 102 M 404 M 370 M 305 M 207 M 557 M 560 M 557 M 363 M 518 M 409 M 384 M 153 M 140 M 247 M 268 M 181 M 315 M 356 M 288 M 302 M 361 M 315 M 294 M 258 M 307 M 275 M 229 M 156 M 181 M 207 M 181 M 50.5 M 150 M 171 M 173 M

General and Administrative Expenses

253 M 236 M 228 M 221 M 227 M 215 M 224 M 209 M 206 M 213 M 222 M - 215 M 220 M 200 M - 122 M 125 M 136 M - 108 M 104 M 120 M - 110 M 117 M 116 M - 114 M 115 M 108 M - 98 M 101 M 99 M - 72.7 M 53.7 M 53.3 M - 57.2 M 57.8 M 55.3 M - 54.8 M 39.2 M 39 M - 37.9 M 38.3 M 33.8 M - 29.7 M 30.9 M 27 M - 29.7 M 28.7 M 26.9 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Westlake Chemical Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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