Westlake Financial Statements
NYSE: WLKIndustrialsMajor ChemicalsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Westlake revenue and earnings
In fiscal 2025, Westlake generated $11.17 billion in revenue, down 8.0% from fiscal 2024, its first annual decline since 2024. Westlake reported a net loss of $1.51 billion, compared with net income of $602.0 million a year earlier. Gross margin was 7.3% (down from 16.1%) and operating margin -14.1%.
Diluted earnings per share came in at -$11.70, down from $4.64. Over the last 5 fiscal years, WLK's revenue has grown at a 8.3% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Westlake income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.17B | 12.14B | 12.55B | 15.79B | 11.78B | 7.50B | 8.12B | 8.63B | 8.04B | 5.08B |
| Revenue growth (YoY) | -8.01% | -3.24% | -20.55% | +34.10% | +56.96% | -7.56% | -5.99% | +7.39% | +58.41% | +4584.64% |
| Cost of Revenue | 10.36B | 10.19B | 10.33B | 11.72B | 8.28B | 6.48B | 6.86B | 6.65B | 6.28B | 4.09B |
| Gross Profit | 813.00M | 1.96B | 2.22B | 4.07B | 3.50B | 1.02B | 1.26B | 1.99B | 1.76B | 983.00M |
| Operating Expenses | 2.39B | 1.08B | 1.49B | 1.02B | 695.00M | 594.00M | 604.00M | 579.00M | 536.00M | 400.00M |
| Selling, General & Admin | 900.00M | 874.00M | 865.00M | 835.00M | 551.00M | 449.00M | 458.00M | 445.00M | 399.00M | 258.00M |
| Operating Income | -1.58B | 875.00M | 729.00M | 3.05B | 2.80B | 429.00M | 656.00M | 1.41B | 1.23B | 583.00M |
| Interest Expense | 171.00M | 159.00M | 165.00M | 177.00M | 176.00M | 142.00M | 124.00M | 126.00M | 159.00M | 79.00M |
| Other Income (Expense) | 152.00M | 222.00M | 136.00M | 73.00M | 53.00M | 44.00M | 38.00M | 52.00M | 15.00M | 54.00M |
| Pretax Income | -1.60B | 938.00M | 700.00M | 2.95B | 2.68B | 331.00M | 570.00M | 1.33B | 1.08B | 558.00M |
| Income Tax | -126.00M | 291.00M | 178.00M | 649.00M | 607.00M | -42.00M | 108.00M | 300.00M | -258.00M | 138.00M |
| Net Income | -1.51B | 602.00M | 479.00M | 2.25B | 2.02B | 330.00M | 421.00M | 996.00M | 1.30B | 399.00M |
| Net Income growth (YoY) | -350.50% | +25.68% | -78.68% | +11.51% | +510.61% | -21.62% | -57.73% | -23.62% | +226.82% | -38.24% |
| EPS (Basic) | -11.70 | 4.66 | 3.73 | 17.46 | 15.66 | 2.57 | 3.26 | 7.66 | 10.05 | 3.07 |
| EPS (Diluted) | -11.70 | 4.64 | 3.70 | 17.34 | 15.58 | 2.56 | 3.25 | 7.62 | 10.00 | 3.06 |
| Shares Outstanding (Basic) | 128.26M | 128.54M | 127.81M | 127.97M | 128.00M | 127.85M | 128.40M | 129.40M | 129.09M | 129.37M |
| Shares Outstanding (Diluted) | 128.26M | 129.21M | 128.60M | 128.85M | 128.70M | 128.09M | 128.76M | 129.99M | 129.54M | 129.97M |
| EBITDA | -400.00M | 1.99B | 1.83B | 4.11B | 3.64B | 1.20B | 1.37B | 2.05B | 1.83B | 961.00M |
| Gross Margin | 7.28% | 16.12% | 17.68% | 25.79% | 29.67% | 13.63% | 15.52% | 23.01% | 21.90% | 19.37% |
| Operating Margin | -14.13% | 7.21% | 5.81% | 19.31% | 23.77% | 5.72% | 8.08% | 16.31% | 15.23% | 11.49% |
| Net Margin | -13.50% | 4.96% | 3.82% | 14.23% | 17.11% | 4.40% | 5.19% | 11.53% | 16.22% | 7.86% |
This table shows 10 annual periods of Westlake's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow WLK's reporting calendar. What is a income statement?