Westlake Corporation (WLK) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.65B | 2.53B | 2.84B | 2.95B | 2.85B | 2.84B | 3.12B | 3.21B | 2.98B | 2.83B | 3.12B | 3.25B | 3.36B | 3.3B | 3.96B | 4.48B | 4.06B | 3.51B | 3.06B | 2.86B |
| Revenue Growth % | -6.82% | -10.9% | -8.95% | -7.92% | -4.34% | 0.6% | 0.06% | -1.35% | -11.35% | -14.34% | -21.26% | -27.48% | -17.26% | -5.93% | 29.49% | 56.8% | 72.08% | 78.47% | 60.96% | 67.29% |
| Cost of Goods Sold | 2.54B | 2.97B | 2.6B | 2.69B | 2.61B | 2.52B | 2.62B | 2.54B | 2.51B | 2.63B | 2.53B | 2.61B | 2.56B | 2.73B | 3.18B | 3.04B | 2.77B | 2.41B | 2.04B | 1.99B |
| COGS % of Revenue | 95.78% | 117.25% | 91.68% | 91.26% | 91.85% | 88.46% | 83.99% | 79.3% | 84.34% | 92.96% | 81.19% | 80.25% | 76.4% | 82.81% | 80.38% | 67.77% | 68.32% | 68.75% | 66.68% | 69.5% |
| Gross Profit | 112M | -437M | 236M | 258M | 232M | 328M | 499M | 664M | 466M | 199M | 586M | 642M | 792M | 567M | 776M | 1.45B | 1.28B | 1.1B | 1.02B | 872M |
| Gross Margin % | 4.22% | -17.25% | 8.32% | 8.74% | 8.15% | 11.54% | 16.01% | 20.7% | 15.66% | 7.04% | 18.81% | 19.75% | 23.6% | 17.19% | 19.62% | 32.23% | 31.68% | 31.25% | 33.32% | 30.5% |
| Gross Profit Growth % | -51.72% | -233.23% | -52.71% | -61.14% | -50.21% | 64.82% | -14.85% | 3.43% | -41.16% | -64.9% | -24.48% | -55.57% | -38.37% | -48.27% | -23.77% | 65.71% | 152.46% | 239.32% | 310.48% | 415.98% |
| Operating Expenses | 236M | 234M | 1B | 367M | 264M | 262M | 319M | 258M | 243M | 751M | 237M | 246M | 256M | 240M | 260M | 270M | 253M | 223M | 157M | 152M |
| OpEx % of Revenue | 8.9% | 9.24% | 35.31% | 12.43% | 9.28% | 9.22% | 10.23% | 8.04% | 8.17% | 26.57% | 7.61% | 7.57% | 7.63% | 7.27% | 6.57% | 6.02% | 6.24% | 6.36% | 5.14% | 5.32% |
| Selling, General & Admin | 236M | 234M | 228M | 221M | 227M | 226M | 215M | 224M | 209M | 224M | 206M | 213M | 222M | 174M | 205M | 220M | 200M | 145M | 122M | 125M |
| SG&A % of Revenue | 8.9% | 9.24% | 8.03% | 7.48% | 7.98% | 7.95% | 6.9% | 6.98% | 7.03% | 7.93% | 6.61% | 6.55% | 6.62% | 5.27% | 5.18% | 4.91% | 4.93% | 4.13% | 3.99% | 4.37% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -154M | -671M | -766M | -109M | -32M | 66M | 180M | 406M | 223M | -552M | 349M | 396M | 536M | 327M | 516M | 1.18B | 1.03B | 873M | 861M | 720M |
| Operating Margin % | -5.81% | -26.49% | -26.99% | -3.69% | -1.12% | 2.32% | 5.77% | 12.66% | 7.5% | -19.53% | 11.2% | 12.18% | 15.97% | 9.91% | 13.04% | 26.21% | 25.44% | 24.89% | 28.18% | 25.18% |
| Operating Income Growth % | -381.25% | -1116.67% | -525.56% | -126.85% | -114.35% | 111.96% | -48.42% | 2.53% | -58.4% | -268.81% | -32.36% | -66.3% | -48.06% | -62.54% | -40.07% | 63.19% | 198.27% | 390.45% | 989.87% | 1900% |
| EBITDA | 130M | -315M | -463M | 186M | 251M | 347M | 461M | 685M | 496M | -270M | 626M | 667M | 803M | 598M | 780M | 1.44B | 1.29B | 1.11B | 1.06B | 922M |
| EBITDA Margin % | 4.9% | -12.44% | -16.31% | 6.3% | 8.82% | 12.21% | 14.79% | 21.36% | 16.67% | -9.55% | 20.1% | 20.52% | 23.93% | 18.13% | 19.72% | 32.1% | 31.78% | 31.74% | 34.83% | 32.25% |
| EBITDA Growth % | -48.21% | -190.78% | -200.43% | -72.85% | -49.4% | 228.52% | -26.36% | 2.7% | -38.23% | -145.15% | -19.74% | -53.65% | -37.7% | -46.27% | -26.69% | 56.07% | 138.26% | 197.59% | 286.91% | 306.17% |
| D&A (Non-Cash Add-back) | 284M | 356M | 303M | 295M | 283M | 281M | 281M | 279M | 273M | 282M | 277M | 271M | 267M | 271M | 264M | 264M | 257M | 240M | 203M | 202M |
| EBIT | -154M | -622M | -734M | -85M | 5M | 135M | 224M | 465M | 273M | -517M | 405M | 419M | 558M | 348M | 540M | 1.19B | 1.04B | 891M | 874M | 730M |
| Net Interest Income | 0 | -41M | -41M | -40M | -39M | -39M | -39M | -41M | -40M | -41M | -40M | -42M | -42M | -43M | -44M | -44M | -46M | -46M | -61M | -36M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -56M | 41M | 41M | 40M | 39M | 39M | 39M | 41M | 40M | 41M | 40M | 42M | 42M | 43M | 44M | 44M | 46M | 46M | 61M | 36M |
| Other Income/Expense | -36M | 8M | -9M | -16M | -2M | 30M | 5M | 18M | 10M | -6M | 16M | -19M | -20M | -22M | -20M | -27M | -35M | -28M | -48M | -26M |
| Pretax Income | -190M | -663M | -775M | -125M | -34M | 96M | 185M | 424M | 233M | -558M | 365M | 377M | 516M | 305M | 496M | 1.15B | 997M | 845M | 813M | 694M |
| Pretax Margin % | -7.16% | -26.17% | -27.31% | -4.23% | -1.19% | 3.38% | 5.94% | 13.22% | 7.83% | -19.75% | 11.72% | 11.6% | 15.38% | 9.25% | 12.54% | 25.61% | 24.58% | 24.09% | 26.61% | 24.27% |
| Income Tax | -33M | -168M | -3M | 6M | 1M | 77M | 65M | 101M | 48M | -71M | 70M | 70M | 109M | 57M | 84M | 275M | 233M | 184M | 193M | 158M |
| Effective Tax Rate % | 17.37% | 25.34% | 0.39% | -4.8% | -2.94% | 80.21% | 35.14% | 23.82% | 20.6% | 12.72% | 19.18% | 18.57% | 21.12% | 18.69% | 16.94% | 23.95% | 23.37% | 21.78% | 23.74% | 22.77% |
| Net Income | -169M | -544M | -782M | -142M | -40M | 7M | 108M | 313M | 174M | -497M | 285M | 297M | 394M | 232M | 401M | 858M | 756M | 644M | 607M | 522M |
| Net Margin % | -6.37% | -21.48% | -27.55% | -4.81% | -1.41% | 0.25% | 3.46% | 9.76% | 5.85% | -17.59% | 9.15% | 9.14% | 11.74% | 7.03% | 10.14% | 19.14% | 18.64% | 18.36% | 19.87% | 18.26% |
| Net Income Growth % | -322.5% | -7871.43% | -824.07% | -145.37% | -122.99% | 101.41% | -62.11% | 5.39% | -55.84% | -314.22% | -28.93% | -65.38% | -47.88% | -63.98% | -33.94% | 64.37% | 212.4% | 469.91% | 964.91% | 3380% |
| Net Income (Continuing) | -157M | -495M | -772M | -131M | -35M | 19M | 120M | 323M | 185M | -487M | 295M | 307M | 407M | 248M | 412M | 873M | 764M | 661M | 620M | 536M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 504M | 503M | 512M | 513M | 511M | 516M | 524M | 520M | 522M | 523M | 531M | 533M | 537M | 534M | 567M | 570M | 571M | 573M | 571M | 568M |
| EPS (Diluted) | -1.31 | -4.22 | -6.10 | -1.10 | -0.31 | 0.05 | 0.83 | 2.40 | 1.34 | -3.88 | 2.20 | 2.30 | 3.05 | 1.81 | 3.10 | 6.60 | 5.83 | 4.98 | 4.69 | 4.04 |
| EPS Growth % | -322.58% | -7885.98% | -834.94% | -145.83% | -123.13% | 101.4% | -62.27% | 4.35% | -56.07% | -314.36% | -29.03% | -65.15% | -47.68% | -63.65% | -33.9% | 63.37% | 211.76% | 472.41% | 942.22% | 3572.73% |
| EPS (Basic) | -1.32 | -4.22 | -6.10 | -1.10 | -0.31 | 0.05 | 0.83 | 2.42 | 1.35 | -3.88 | 2.21 | 2.32 | 3.07 | 1.82 | 3.12 | 6.65 | 5.87 | 5.01 | 4.71 | 4.06 |
| Diluted Shares Outstanding | 127.99M | 128.91M | 128.25M | 128.27M | 128.31M | 129.21M | 129.34M | 129.35M | 129.02M | 128.17M | 128.58M | 128.48M | 128.46M | 128.38M | 128.75M | 129.34M | 128.93M | 128.67M | 128.77M | 128.88M |
| Basic Shares Outstanding | 127.99M | 128.91M | 128.25M | 128.27M | 128.31M | 128.53M | 128.64M | 128.58M | 128.36M | 128.17M | 127.85M | 127.65M | 127.55M | 127.53M | 127.94M | 128.34M | 128.07M | 127.85M | 128.06M | 128.14M |
| Dividend Payout Ratio | - | - | - | - | - | 957.14% | 62.04% | 20.77% | 37.36% | - | 22.46% | 15.15% | 11.93% | 19.83% | 11.47% | 4.43% | 5.16% | 5.9% | 6.26% | 6.51% |