Westlake (WLK) | Financial Analysis & Statements

Westlake Corporation | Mid-cap | Basic Materials

$78.72

-2.95%

Westlake vs Linde plc Westlake vs Sherwin-Williams Westlake vs Eastman Chemical Westlake vs Albemarle Westlake vs Axalta Coating Westlake vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 12.1B

Gross Profit 2.0B 16.12%

Operating Income 966.0M 7.96%

Net Income 647.0M 5.33%

EPS (Diluted) $4.64

Balance Sheet Metrics

Total Assets 20.8B

Total Liabilities 9.7B

Shareholders Equity 11.0B

Debt to Equity 0.88

Cash Flow Metrics

Operating Cash Flow 1.5B

Free Cash Flow 306.0M

Revenue & Profitability Trend

Westlake Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	12.1B	12.5B	15.8B	11.8B	7.5B
Cost of Goods Sold	10.2B	10.3B	11.7B	8.3B	6.5B
Gross Profit	2.0B	2.2B	4.1B	3.5B	1.0B
Operating Expenses	874.0M	865.0M	794.0M	528.0M	435.0M
Operating Income	966.0M	1.2B	3.1B	2.8B	479.0M
Pre-tax Income	938.0M	700.0M	2.9B	2.7B	331.0M
Income Tax	291.0M	178.0M	649.0M	607.0M	-42.0M
Net Income	647.0M	522.0M	2.3B	2.1B	373.0M
EPS (Diluted)	$4.64	$3.70	$17.34	$15.58	$2.56

Income Statement Trend

Westlake Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	6.2B	6.6B	6.0B	5.3B	3.5B
Non-Current Assets	14.5B	14.4B	14.6B	13.2B	10.4B
Total Assets	20.8B	21.0B	20.6B	18.5B	13.8B
Liabilities
Current Liabilities	2.2B	2.8B	2.3B	2.3B	1.4B
Non-Current Liabilities	7.5B	7.5B	7.8B	7.6B	5.9B
Total Liabilities	9.7B	10.3B	10.1B	9.9B	7.3B
Equity
Total Shareholders Equity	11.0B	10.8B	10.5B	8.5B	6.6B

Balance Sheet Composition

Westlake Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	647.0M	522.0M	2.3B	2.1B	373.0M
Operating Cash Flow	1.5B	1.7B	3.2B	2.2B	1.2B
Investing Activities
Capital Expenditures	-1.0B	-1.0B	-1.1B	-658.0M	-525.0M
Investing Cash Flow	-1.0B	-1.0B	-2.5B	-3.2B	-509.0M
Financing Activities
Dividends Paid	-264.0M	-221.0M	-169.0M	-145.0M	-137.0M
Financing Cash Flow	-663.0M	-289.0M	-605.0M	1.4B	-216.0M
Free Cash Flow	306.0M	1.3B	2.3B	1.7B	772.0M

Cash Flow Trend

Westlake Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 25.39

Forward P/E 9.27

Price to Book 0.94

Price to Sales 0.81

PEG Ratio 9.27

Profitability Ratios

Profit Margin 3.23%

Operating Margin -0.88%

Return on Equity 3.92%

Return on Assets 2.14%

Financial Health

Current Ratio 2.64

Debt to Equity 49.95

Beta 0.90

Per Share Data

EPS (TTM) $2.99

Book Value per Share $81.18

Revenue per Share $93.47

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
wlk	9.7B	25.39	0.94	3.92%	3.23%	49.95
Linde plc	216.0B	33.33	5.69	17.01%	20.02%	60.56
Sherwin-Williams	86.6B	32.64	20.88	70.22%	11.63%	329.97
Eastman Chemical	8.7B	9.56	1.47	16.03%	9.85%	86.00
Albemarle	6.7B	33.52	0.86	-9.99%	-22.39%	35.76
Axalta Coating	6.4B	14.18	3.06	23.15%	8.56%	161.07

Financial data is updated regularly. All figures are in the company's reporting currency.