Westlake Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	10,976	11,170	12,142	12,548	15,794	11,778
Revenue Growth (YoY)	-8.63%	-8.00%	-3.24%	-20.55%	34.10%	56.96%
Cost of Revenue	10,283	10,357	10,185	10,329	11,721	8,283
Gross Profit	693	813	1,957	2,219	4,073	3,495
Selling, General & Admin	909	900	874	865	835	551
Depreciation & Amortization Expenses	124	124	117	122	155	123
Other Operating Expenses	651	1,367	91	503	33	21
Total Operating Expenses	1,684	2,391	1,082	1,490	1,023	695
Operating Income	-1,718	-1,578	875	729	3,050	2,800
Interest Expense	-188	-171	-159	-165	-177	-176
Other Non-Operating Income (Expense)	153	152	222	136	73	53
Total Non-Operating Income (Expense)	-35	-19	63	-29	-104	-123
Pretax Income	-1,753	-1,597	938	700	2,946	2,677
Provision for Income Taxes	-160	-126	291	178	649	607
Net Income	-1,593	-1,471	647	522	2,297	2,070
Minority Interest in Earnings	44	37	45	43	50	55
Net Income to Common	-1,637	-1,508	602	479	2,247	2,015
Net Income Growth	-	-	25.68%	-78.68%	11.51%	510.61%
Shares Outstanding (Basic)	128	128	129	128	128	128
Shares Outstanding (Diluted)	128	128	129	129	129	129
Shares Change (YoY)	-0.66%	-0.73%	0.47%	-0.19%	0.11%	0.47%
EPS (Basic)	-12.70	-11.70	4.66	3.73	17.46	15.66
EPS (Diluted)	-12.70	-11.70	4.64	3.70	17.34	15.58
EPS Growth	-	-	25.41%	-78.66%	11.30%	508.59%
Free Cash Flow	-508	-530	306	1,302	2,287	1,736
Free Cash Flow Growth	-	-	-76.50%	-43.07%	31.74%	124.87%
Free Cash Flow Per Share	-3.96	-4.13	2.37	10.12	17.75	13.49
Dividends Per Share	2.115	2.110	2.050	1.714	1.309	1.135
Dividend Growth	0.24%	2.93%	19.60%	30.94%	15.33%	6.57%
Gross Margin	6.31%	7.28%	16.12%	17.68%	25.79%	29.67%
Operating Margin	-15.65%	-14.13%	7.21%	5.81%	19.31%	23.77%
Profit Margin	-14.51%	-13.17%	5.33%	4.16%	14.54%	17.58%
FCF Margin	-4.63%	-4.74%	2.52%	10.38%	14.48%	14.74%
EBITDA	-539	-400	1,989	1,826	4,106	3,640
EBITDA Margin	-4.91%	-3.58%	16.38%	14.55%	26.00%	30.91%
EBIT	-1,718	-1,578	875	729	3,050	2,800
EBIT Margin	-15.65%	-14.13%	7.21%	5.81%	19.31%	23.77%
Effective Tax Rate	9.13%	7.89%	31.02%	25.43%	22.03%	22.67%

SEC Filings: 10-K · 10-Q