Westlake Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	11,480	12,142	12,548	15,794	11,778	7,504
Revenue Growth (YoY)	-5.32%	-3.24%	-20.55%	34.10%	56.96%	-7.56%
Cost of Revenue	10,426	10,185	10,329	11,721	8,283	6,481
Gross Profit	1,054	1,957	2,219	4,073	3,495	1,023
Selling, General & Admin	902	874	865	809	574	435
Amortization of Goodwill & Intangibles	119	117	122	155	123	109
Operating Expenses	1,021	991	987	964	697	544
Operating Income	33	966	1,232	3,109	2,798	479
Interest Expense	-159	-159	-165	-177	-176	-142
Interest & Investment Income	111	153	104	24	7	14
Earnings From Equity Investments	18	18	19	15	13	16
Other Non Operating Income (Expenses)	21	32	-15	8	56	-
EBT Excluding Unusual Items	24	1,010	1,175	2,979	2,698	367
Merger & Restructuring Charges	-147	-91	-28	-33	-21	-36
Impairment of Goodwill	-727	-	-	-	-	-
Gain (Loss) on Sale of Assets	19	19	-	-	-	-
Asset Writedown	-	-	-475	-	-	-
Pretax Income	-838	938	700	2,946	2,677	331
Income Tax Expense	81	291	178	649	607	-42
Earnings From Continuing Operations	-919	647	522	2,297	2,070	373
Minority Interest in Earnings	-38	-45	-43	-50	-55	-43
Net Income	-957	602	479	2,247	2,015	330
Preferred Dividends & Other Adjustments	-5	3	3	12	10	1
Net Income to Common	-952	599	476	2,235	2,005	329
Net Income Growth	-	25.68%	-78.68%	11.51%	510.61%	-21.62%
Shares Outstanding (Basic)	128	129	128	128	128	128
Shares Outstanding (Diluted)	128	129	129	129	129	128
Shares Change (YoY)	-0.62%	0.47%	-0.19%	0.11%	0.47%	-0.52%
EPS (Basic)	-7.42	4.66	3.72	17.46	15.66	2.57
EPS (Diluted)	-7.42	4.64	3.70	17.34	15.58	2.56
EPS Growth	-	25.41%	-78.66%	11.30%	508.59%	-21.23%
Free Cash Flow	-365	306	1,302	2,287	1,736	772
Free Cash Flow Per Share	-2.84	2.37	10.13	17.75	13.49	6.03
Dividend Per Share	2.105	2.050	1.714	1.309	1.135	1.065
Dividend Growth	3.95%	19.60%	30.94%	15.33%	6.57%	3.90%
Gross Margin	9.18%	16.12%	17.68%	25.79%	29.67%	13.63%
Operating Margin	0.29%	7.96%	9.82%	19.68%	23.76%	6.38%
Profit Margin	-8.29%	4.93%	3.79%	14.15%	17.02%	4.38%
Free Cash Flow Margin	-3.18%	2.52%	10.38%	14.48%	14.74%	10.29%
EBITDA	1,042	1,927	2,192	4,085	3,582	1,204
EBITDA Margin	9.08%	15.87%	17.47%	25.86%	30.41%	16.05%
D&A For EBITDA	1,009	961	960	976	784	725
EBIT	33	966	1,232	3,109	2,798	479
EBIT Margin	0.29%	7.96%	9.82%	19.68%	23.76%	6.38%
Effective Tax Rate	-	31.02%	25.43%	22.03%	22.68%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.