Westlake (WLK) Financials

$90.42 +0.31 (+0.34%)

As of 11:34 AM Eastern

Annual Income Statements for Westlake

This table shows Westlake's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	646	399	1,304	996	421	330	2,015	2,247	479	602
Consolidated Net Income / (Loss)	665	420	1,339	1,034	462	373	2,070	2,297	522	647
Net Income / (Loss) Continuing Operations	665	420	1,339	1,034	462	373	2,070	2,297	522	647
Total Pre-Tax Income	963	558	1,081	1,334	570	331	2,677	2,946	700	938
Total Operating Income	960	583	1,225	1,408	656	429	2,800	3,050	729	875
Total Gross Profit	1,185	983	1,761	1,987	1,260	1,023	3,495	4,073	2,219	1,957
Total Revenue	4,463	5,076	8,041	8,635	8,118	7,504	11,778	15,794	12,548	12,142
Operating Revenue	4,463	5,076	8,041	8,635	8,118	7,504	11,778	15,794	12,548	12,142
Total Cost of Revenue	3,278	4,093	6,280	6,648	6,858	6,481	8,283	11,721	10,329	10,185
Operating Cost of Revenue	3,278	4,093	6,280	6,648	6,858	6,481	8,283	11,721	10,329	10,185
Total Operating Expenses	225	400	536	579	604	594	695	1,023	1,490	1,082
Selling, General & Admin Expense	218	258	399	445	458	449	551	835	865	874
Amortization Expense	7.00	38	108	101	109	109	123	155	122	117
Impairment Charge	-	-	-	-	-	-	0.00	0.00	475	0.00
Restructuring Charge	0.00	104	29	33	37	36	21	33	28	91
Total Other Income / (Expense), net	3.00	-25	-144	-74	-86	-98	-123	-104	-29	63
Interest Expense	35	79	159	126	124	142	176	177	165	159
Other Income / (Expense), net	38	54	15	52	38	44	53	73	136	222
Income Tax Expense	298	138	-258	300	108	-42	607	649	178	291
Net Income / (Loss) Attributable to Noncontrolling Interest	19	21	35	38	41	43	55	50	43	45
Basic Earnings per Share	$4.88	$3.07	$10.05	$7.66	$3.26	$2.57	$15.66	$17.46	$3.73	$4.66
Weighted Average Basic Shares Outstanding	131.82M	129.37M	129.09M	129.40M	128.40M	127.85M	128.00M	127.97M	127.81M	128.54M
Diluted Earnings per Share	$4.86	$3.06	$10.00	$7.62	$3.25	$2.56	$15.58	$17.34	$3.70	$4.64
Weighted Average Diluted Shares Outstanding	132.30M	129.97M	129.54M	129.99M	128.76M	128.09M	128.70M	128.85M	128.60M	129.21M
Weighted Average Basic & Diluted Shares Outstanding	132.40M	130M	129.80M	130M	128.39M	127.83M	127.92M	127.36M	128.22M	128.23M
Cash Dividends to Common per Share	$0.69	$0.74	$0.80	$0.92	$1.03	$1.07	$1.14	$1.31	$1.71	$2.05

This table shows Westlake's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	401	232	394	297	285	-497	174	313	108	7.00
Consolidated Net Income / (Loss)	412	248	407	307	295	-487	185	323	120	19
Net Income / (Loss) Continuing Operations	412	248	407	307	295	-487	185	323	120	19
Total Pre-Tax Income	496	305	516	377	365	-558	233	424	185	96
Total Operating Income	516	327	536	396	349	-552	223	406	180	66
Total Gross Profit	776	567	792	642	586	199	466	664	499	328
Total Revenue	3,956	3,299	3,356	3,251	3,115	2,826	2,975	3,207	3,117	2,843
Operating Revenue	3,956	3,299	3,356	3,251	3,115	2,826	2,975	3,207	3,117	2,843
Total Cost of Revenue	3,180	2,732	2,564	2,609	2,529	2,627	2,509	2,543	2,618	2,515
Operating Cost of Revenue	3,180	2,732	2,564	2,609	2,529	2,627	2,509	2,543	2,618	2,515
Total Operating Expenses	260	240	256	246	237	751	243	258	319	262
Selling, General & Admin Expense	215	200	222	213	206	224	209	224	215	226
Amortization Expense	39	31	31	30	31	30	30	30	29	28
Restructuring Charge	6.00	9.00	3.00	3.00	0.00	22	4.00	4.00	75	8.00
Total Other Income / (Expense), net	-20	-22	-20	-19	16	-6.00	10	18	5.00	30
Interest Expense	44	43	42	42	40	41	40	41	39	39
Other Income / (Expense), net	24	21	22	23	56	35	50	59	44	69
Income Tax Expense	84	57	109	70	70	-71	48	101	65	77
Net Income / (Loss) Attributable to Noncontrolling Interest	11	16	13	10	10	10	11	10	12	12
Basic Earnings per Share	$3.12	$1.82	$3.07	$2.32	$2.22	($3.88)	$1.35	$2.42	$0.84	$0.05
Weighted Average Basic Shares Outstanding	127.94M	127.97M	127.55M	127.65M	127.85M	127.81M	128.36M	128.58M	128.64M	128.54M
Diluted Earnings per Share	$3.10	$1.81	$3.05	$2.31	$2.20	($3.86)	$1.34	$2.40	$0.83	$0.07
Weighted Average Diluted Shares Outstanding	128.75M	128.85M	128.46M	128.48M	128.58M	128.60M	129.02M	129.35M	129.34M	129.21M
Weighted Average Basic & Diluted Shares Outstanding	-	127.36M	127.64M	127.69M	128.14M	128.22M	128.57M	128.59M	128.71M	128.23M

This table details how cash moves in and out of Westlake's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-218	-17	908	-779	-25	587	604	305	1,073	-384
Net Cash From Operating Activities	1,079	867	1,528	1,409	1,301	1,297	2,394	3,395	2,336	1,314
Net Cash From Continuing Operating Activities	1,079	867	1,528	1,409	1,301	1,297	2,394	3,395	2,336	1,314
Net Income / (Loss) Continuing Operations	665	420	1,339	1,034	462	373	2,070	2,297	522	647
Consolidated Net Income / (Loss)	665	420	1,339	1,034	462	373	2,070	2,297	522	647
Depreciation Expense	246	378	601	641	713	773	840	1,056	1,097	1,114
Non-Cash Adjustments To Reconcile Net Income	-4.00	-31	45	66	74	62	59	82	563	84
Changes in Operating Assets and Liabilities, net	172	100	-457	-332	52	89	-575	-40	154	-531
Net Cash From Investing Activities	-1,006	-2,563	-652	-754	-1,954	-509	-3,213	-2,479	-1,037	-1,001
Net Cash From Continuing Investing Activities	-1,006	-2,563	-652	-754	-1,954	-509	-3,213	-2,479	-1,037	-1,001
Purchase of Property, Plant & Equipment	-491	-629	-577	-702	-787	-525	-658	-1,108	-1,034	-1,008
Acquisitions	-	-2,438	-13	0.00	-314	-18	-2,554	-1,203	0.00	0.00
Other Investing Activities, net	-3.00	-21	-62	-52	-853	-10	-1.00	-168	-3.00	7.00
Net Cash From Financing Activities	-287	1,687	6.00	-1,427	630	-216	1,437	-587	-245	-650
Net Cash From Continuing Financing Activities	-287	1,687	6.00	-1,427	630	-216	1,437	-587	-245	-650
Repayment of Debt	-74	-174	-957	-1,165	-5.00	-1,269	-24	-250	0.00	-300
Repurchase of Common Equity	-163	-67	0.00	-106	-30	-54	-30	-101	-23	-60
Payment of Dividends	-107	-114	-131	-165	-182	-192	-193	-229	-275	-313
Issuance of Debt	57	2,042	983	9.00	784	1,299	1,671	-25	9.00	10
Other Financing Activities, net	0.00	-	-	-	-	-	13	18	44	13
Other Net Changes in Cash	-	-8.00	26	-7.00	-	-	-	-24	19	-47

This table details how cash moves in and out of Westlake's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	462	440	183	263	380	247	-195	-66	-127	4.00
Net Cash From Operating Activities	947	835	512	555	696	573	169	237	474	434
Net Cash From Continuing Operating Activities	947	835	512	555	696	573	169	237	474	434
Net Income / (Loss) Continuing Operations	412	248	407	307	295	-487	185	323	120	19
Consolidated Net Income / (Loss)	412	248	407	307	295	-487	185	323	120	19
Depreciation Expense	264	271	267	271	277	282	273	279	281	281
Non-Cash Adjustments To Reconcile Net Income	27	20	15	18	22	508	14	19	29	22
Changes in Operating Assets and Liabilities, net	244	296	-177	-41	102	270	-303	-384	44	112
Net Cash From Investing Activities	-345	-331	-263	-236	-251	-287	-272	-223	-241	-265
Net Cash From Continuing Investing Activities	-345	-331	-263	-236	-251	-287	-272	-223	-241	-265
Purchase of Property, Plant & Equipment	-318	-297	-267	-240	-245	-282	-272	-231	-220	-285
Other Investing Activities, net	158	-179	5.00	5.00	10	-23	1.00	8.00	2.00	-4.00
Net Cash From Financing Activities	-103	-107	-75	-56	-44	-70	-74	-72	-371	-133
Net Cash From Continuing Financing Activities	-103	-107	-75	-56	-44	-70	-74	-72	-371	-133
Repurchase of Common Equity	-37	-33	-22	-1.00	-	-	0.00	-	-	-60
Payment of Dividends	-56	-72	-57	-59	-73	-86	-75	-76	-77	-85
Issuance of Debt	-27	-3.00	-	-	-	11	-	-	-	12

This table presents Westlake's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	5,569	10,890	12,076	11,602	13,261	13,835	18,459	20,550	21,035	20,750
Total Current Assets	2,175	2,408	3,463	2,842	2,742	3,477	5,263	5,973	6,609	6,214
Cash & Equivalents	663	459	1,531	753	728	1,313	1,908	2,228	3,304	2,919
Accounts Receivable	509	939	1,001	1,037	1,036	1,214	1,868	1,801	1,601	1,483
Inventories, net	434	801	900	1,014	936	918	1,407	1,866	1,622	1,697
Prepaid Expenses	14	48	31	38	42	32	80	78	82	115
Plant, Property, & Equipment, net	3,004	6,420	6,412	6,595	6,912	6,920	7,606	8,477	8,519	8,633
Total Noncurrent Assets	390	2,062	2,201	2,165	3,084	3,438	5,590	6,100	5,907	5,903
Long-Term Investments	-	-	-	253	1,112	1,059	1,007	1,142	1,115	1,081
Goodwill	62	947	1,012	1,002	1,074	1,083	2,024	2,161	2,041	2,031
Intangible Assets	151	787	777	134	187	612	1,580	1,565	1,403	1,282
Other Noncurrent Operating Assets	177	328	412	776	711	684	979	1,232	1,348	1,509
Total Liabilities & Shareholders' Equity	5,569	10,890	12,076	11,602	13,261	13,835	18,459	20,550	21,035	20,750
Total Liabilities	2,007	6,998	6,707	5,526	6,858	7,257	9,931	10,085	10,271	9,707
Total Current Liabilities	523	1,183	1,967	1,183	1,241	1,357	2,344	2,298	2,790	2,219
Short-Term Debt	0.00	149	710	-	-	0.00	269	0.00	299	6.00
Accounts Payable	235	496	600	507	473	536	879	889	877	851
Accrued Expenses	287	538	657	676	768	821	1,196	1,409	1,614	1,362
Total Noncurrent Liabilities	1,485	5,815	4,740	4,343	5,617	5,900	7,587	7,787	7,481	7,488
Long-Term Debt	758	3,679	3,127	2,668	3,445	3,566	4,911	4,879	4,607	4,556
Noncurrent Deferred & Payable Income Tax Liabilities	576	1,650	1,111	1,159	1,255	1,368	1,681	1,735	1,560	1,553
Noncurrent Employee Benefit Liabilities	123	365	344	337	360	391	291	355	363	304
Other Noncurrent Operating Liabilities	28	121	158	179	557	575	704	818	951	1,075
Commitments & Contingencies	0.00	-	-	-	-	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,562	3,892	5,369	6,076	6,403	6,578	8,528	10,465	10,764	11,043
Total Preferred & Common Equity	3,266	3,524	4,874	5,590	5,860	6,043	7,955	9,931	10,241	10,527
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,266	3,524	4,874	5,590	5,860	6,043	7,955	9,931	10,241	10,527
Common Stock	543	552	556	557	554	570	582	602	631	657
Retained Earnings	3,110	3,412	4,613	5,477	5,757	5,938	7,808	9,885	10,143	10,481
Treasury Stock	-258	-319	-302	-382	-377	-401	-399	-467	-435	-467
Accumulated Other Comprehensive Income / (Loss)	-129	-121	7.00	-62	-74	-64	-36	-89	-98	-144
Noncontrolling Interest	296	368	495	486	543	535	573	534	523	516

This table presents Westlake's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	20,806	20,981	21,396	20,960	21,083	21,109
Total Current Assets	6,146	6,296	6,757	6,526	6,609	6,549
Cash & Equivalents	2,414	2,677	3,057	3,108	3,042	2,915
Accounts Receivable	1,835	1,855	1,939	1,691	1,812	1,754
Inventories, net	1,842	1,671	1,672	1,661	1,684	1,747
Prepaid Expenses	55	93	89	66	71	133
Plant, Property, & Equipment, net	8,518	8,550	8,570	8,523	8,541	8,602
Total Noncurrent Assets	6,142	6,135	6,069	5,911	5,933	5,958
Long-Term Investments	1,131	1,120	1,117	1,104	1,085	1,099
Goodwill	2,167	2,167	2,161	2,037	2,035	2,039
Intangible Assets	1,539	1,507	1,471	1,370	1,338	1,312
Other Noncurrent Operating Assets	1,305	1,341	1,320	1,400	1,475	1,508
Total Liabilities & Shareholders' Equity	20,806	20,981	21,396	20,960	21,083	21,109
Total Liabilities	9,978	9,904	10,111	10,107	9,989	9,923
Total Current Liabilities	2,159	2,131	2,659	2,655	2,537	2,351
Short-Term Debt	-	-	299	300	300	0.00
Accounts Payable	828	802	811	891	885	898
Accrued Expenses	1,331	1,329	1,549	1,464	1,352	1,453
Total Noncurrent Liabilities	7,819	7,773	7,452	7,452	7,452	7,572
Long-Term Debt	4,892	4,894	4,574	4,590	4,585	4,616
Noncurrent Deferred & Payable Income Tax Liabilities	1,716	1,692	1,680	1,544	1,515	1,514
Noncurrent Employee Benefit Liabilities	357	358	349	353	348	356
Other Noncurrent Operating Liabilities	854	829	849	965	1,004	1,086
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	10,828	11,077	11,285	10,853	11,094	11,186
Total Preferred & Common Equity	10,291	10,544	10,754	10,331	10,574	10,662
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	10,291	10,544	10,754	10,331	10,574	10,662
Common Stock	591	602	620	625	636	646
Retained Earnings	10,232	10,484	10,705	10,252	10,500	10,541
Treasury Stock	-465	-463	-440	-414	-413	-408
Accumulated Other Comprehensive Income / (Loss)	-67	-79	-131	-132	-149	-117
Noncontrolling Interest	537	533	531	522	520	524

This table displays calculated financial ratios and metrics derived from Westlake's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.08%	13.74%	58.41%	7.39%	-5.99%	-7.56%	56.96%	34.10%	-20.55%	-3.24%
EBITDA Growth	-6.57%	-18.41%	81.38%	14.12%	-33.03%	-11.44%	196.39%	13.16%	-53.05%	12.69%
EBIT Growth	-10.99%	-36.17%	94.66%	17.74%	-52.47%	-31.84%	503.17%	9.46%	-72.30%	26.82%
NOPAT Growth	-6.67%	-33.81%	245.79%	-28.08%	-51.28%	-9.08%	347.86%	9.84%	-77.14%	11.02%
Net Income Growth	-2.92%	-36.84%	218.81%	-22.78%	-55.32%	-19.26%	454.96%	10.97%	-77.27%	23.95%
EPS Growth	-4.14%	-37.04%	226.80%	-23.80%	-57.35%	-21.23%	508.59%	11.30%	-78.66%	25.41%
Operating Cash Flow Growth	4.52%	-19.65%	76.24%	-7.79%	-7.67%	-0.31%	84.58%	41.81%	-31.19%	-43.75%
Free Cash Flow Firm Growth	442.55%	-741.27%	126.74%	9.12%	-23.69%	-74.97%	-535.71%	239.86%	5.81%	-80.30%
Invested Capital Growth	3.75%	126.30%	8.10%	0.82%	-3.27%	3.83%	38.87%	10.94%	-6.04%	3.15%
Revenue Q/Q Growth	-3.24%	17.32%	3.53%	-0.17%	-1.36%	1.10%	15.06%	0.00%	-3.63%	0.14%
EBITDA Q/Q Growth	-7.85%	5.80%	12.88%	-6.37%	-5.25%	7.79%	25.27%	0.00%	-30.33%	41.73%
EBIT Q/Q Growth	-9.90%	-4.41%	20.26%	-9.82%	-12.37%	20.97%	32.57%	0.00%	-50.00%	146.52%
NOPAT Q/Q Growth	-10.74%	3.74%	106.73%	-39.80%	-7.44%	1.38%	33.47%	0.00%	-57.96%	373.02%
Net Income Q/Q Growth	-9.68%	-2.48%	113.07%	-39.85%	-9.06%	11.34%	35.12%	0.00%	-58.47%	358.87%
EPS Q/Q Growth	-10.99%	-4.08%	117.39%	-40.61%	-10.71%	13.78%	35.83%	0.00%	-60.51%	553.52%
Operating Cash Flow Q/Q Growth	-1.69%	10.89%	18.93%	-18.13%	6.46%	8.17%	15.76%	0.00%	-10.08%	-9.57%
Free Cash Flow Firm Q/Q Growth	-23.47%	3.56%	51.14%	-2.98%	307.80%	-78.64%	-182.05%	-85.89%	111.85%	-22.88%
Invested Capital Q/Q Growth	3.66%	-0.05%	6.39%	-2.87%	-10.35%	-1.69%	27.20%	0.00%	-6.12%	-1.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.55%	19.37%	21.90%	23.01%	15.52%	13.63%	29.67%	25.79%	17.68%	16.12%
EBITDA Margin	27.87%	20.00%	22.90%	24.33%	17.33%	16.60%	31.36%	26.46%	15.64%	18.21%
Operating Margin	21.51%	11.49%	15.23%	16.31%	8.08%	5.72%	23.77%	19.31%	5.81%	7.21%
EBIT Margin	22.36%	12.55%	15.42%	16.91%	8.55%	6.30%	24.22%	19.77%	6.89%	9.03%
Profit (Net Income) Margin	14.90%	8.27%	16.65%	11.97%	5.69%	4.97%	17.58%	14.54%	4.16%	5.33%
Tax Burden Percent	69.06%	75.27%	123.87%	77.51%	81.05%	112.69%	77.33%	77.97%	74.57%	68.98%
Interest Burden Percent	96.49%	87.60%	87.18%	91.37%	82.13%	69.98%	93.83%	94.33%	80.92%	85.51%
Effective Tax Rate	30.95%	24.73%	-23.87%	22.49%	18.95%	-12.69%	22.67%	22.03%	25.43%	31.02%
Return on Invested Capital (ROIC)	21.52%	8.57%	20.54%	14.16%	6.99%	6.34%	23.32%	20.89%	4.68%	5.28%
ROIC Less NNEP Spread (ROIC-NNEP)	20.83%	7.22%	14.07%	11.27%	1.91%	-3.37%	17.83%	16.59%	2.51%	13.57%
Return on Net Nonoperating Assets (RNNOA)	-1.86%	2.70%	8.38%	3.91%	0.42%	-0.59%	4.08%	3.30%	0.24%	0.65%
Return on Equity (ROE)	19.66%	11.27%	28.92%	18.07%	7.40%	5.75%	27.41%	24.19%	4.92%	5.93%
Cash Return on Invested Capital (CROIC)	17.84%	-68.84%	12.76%	13.34%	10.31%	2.58%	-9.22%	10.52%	10.91%	2.18%
Operating Return on Assets (OROA)	18.51%	7.74%	10.80%	12.33%	5.58%	3.49%	17.67%	16.01%	4.16%	5.25%
Return on Assets (ROA)	12.33%	5.10%	11.66%	8.73%	3.72%	2.75%	12.82%	11.78%	2.51%	3.10%
Return on Common Equity (ROCE)	17.96%	10.27%	26.22%	16.52%	6.79%	5.27%	25.40%	22.78%	4.67%	5.65%
Return on Equity Simple (ROE_SIMPLE)	20.36%	11.92%	27.47%	18.50%	7.88%	6.17%	26.02%	23.13%	5.10%	6.15%
Net Operating Profit after Tax (NOPAT)	663	439	1,517	1,091	532	483	2,165	2,378	544	604
NOPAT Margin	14.85%	8.64%	18.87%	12.64%	6.55%	6.44%	18.38%	15.06%	4.33%	4.97%
Net Nonoperating Expense Percent (NNEP)	0.69%	1.35%	6.47%	2.89%	5.08%	9.70%	5.50%	4.30%	2.17%	-8.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	15.50%	3.47%	3.87%
Cost of Revenue to Revenue	73.45%	80.63%	78.10%	76.99%	84.48%	86.37%	70.33%	74.21%	82.32%	83.88%
SG&A Expenses to Revenue	4.88%	5.08%	4.96%	5.15%	5.64%	5.98%	4.68%	5.29%	6.89%	7.20%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.04%	7.88%	6.67%	6.71%	7.44%	7.92%	5.90%	6.48%	11.87%	8.91%
Earnings before Interest and Taxes (EBIT)	998	637	1,240	1,460	694	473	2,853	3,123	865	1,097
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,244	1,015	1,841	2,101	1,407	1,246	3,693	4,179	1,962	2,211
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.93	1.85	2.57	1.41	1.44	1.64	1.51	1.28	1.73	1.40
Price to Tangible Book Value (P/TBV)	2.06	3.63	4.06	1.77	1.83	2.28	2.75	2.06	2.60	2.05
Price to Revenue (P/Rev)	1.41	1.28	1.56	0.91	1.04	1.32	1.02	0.81	1.41	1.22
Price to Earnings (P/E)	9.75	16.30	9.61	7.90	20.00	30.09	5.94	5.68	36.91	24.51
Dividend Yield	1.44%	1.47%	0.83%	1.51%	1.56%	1.37%	1.21%	1.31%	1.24%	1.79%
Earnings Yield	10.26%	6.13%	10.40%	12.66%	5.00%	3.32%	16.82%	17.61%	2.71%	4.08%
Enterprise Value to Invested Capital (EV/IC)	1.97	1.42	2.00	1.29	1.41	1.50	1.37	1.24	1.66	1.36
Enterprise Value to Revenue (EV/Rev)	1.38	1.99	1.91	1.16	1.30	1.55	1.26	0.94	1.49	1.30
Enterprise Value to EBITDA (EV/EBITDA)	4.96	9.93	8.33	4.77	7.51	9.36	4.01	3.54	9.53	7.16
Enterprise Value to EBIT (EV/EBIT)	6.18	15.83	12.37	6.86	15.23	24.65	5.19	4.74	21.61	14.43
Enterprise Value to NOPAT (EV/NOPAT)	9.30	22.97	10.11	9.18	19.87	24.12	6.84	6.22	34.38	26.24
Enterprise Value to Operating Cash Flow (EV/OCF)	5.72	11.63	10.04	7.11	8.12	8.99	6.19	4.36	8.00	12.05
Enterprise Value to Free Cash Flow (EV/FCFF)	11.22	0.00	16.27	9.74	13.47	59.35	0.00	12.36	14.75	63.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	0.98	0.71	0.44	0.54	0.54	0.61	0.47	0.46	0.41
Long-Term Debt to Equity	0.21	0.95	0.58	0.44	0.54	0.54	0.58	0.47	0.43	0.41
Financial Leverage	-0.09	0.37	0.60	0.35	0.22	0.18	0.23	0.20	0.09	0.05
Leverage Ratio	1.59	2.21	2.48	2.07	1.99	2.09	2.14	2.05	1.96	1.92
Compound Leverage Factor	1.54	1.93	2.16	1.89	1.64	1.46	2.01	1.94	1.59	1.64
Debt to Total Capital	17.55%	49.59%	41.68%	30.51%	34.98%	35.15%	37.79%	31.80%	31.31%	29.23%
Short-Term Debt to Total Capital	0.00%	1.93%	7.71%	0.00%	0.00%	0.00%	1.96%	0.00%	1.91%	0.04%
Long-Term Debt to Total Capital	17.55%	47.66%	33.97%	30.51%	34.98%	35.15%	35.83%	31.80%	29.40%	29.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	6.85%	4.77%	5.38%	5.56%	5.51%	5.27%	4.18%	3.48%	3.34%	3.31%
Common Equity to Total Capital	75.60%	45.65%	52.94%	63.93%	59.50%	59.57%	58.03%	64.72%	65.35%	67.46%
Debt to EBITDA	0.61	3.77	2.08	1.27	2.45	2.86	1.40	1.17	2.50	2.06
Net Debt to EBITDA	-0.34	3.16	1.25	0.79	1.14	0.96	0.61	0.36	0.25	0.25
Long-Term Debt to EBITDA	0.61	3.62	1.70	1.27	2.45	2.86	1.33	1.17	2.35	2.06
Debt to NOPAT	1.14	8.72	2.53	2.44	6.48	7.38	2.39	2.05	9.02	7.56
Net Debt to NOPAT	-0.64	7.31	1.52	1.52	3.02	2.47	1.05	0.63	0.90	0.93
Long-Term Debt to NOPAT	1.14	8.38	2.06	2.44	6.48	7.38	2.27	2.05	8.47	7.55
Altman Z-Score	4.41	1.79	2.81	2.85	2.27	2.26	2.65	2.92	2.66	2.61
Noncontrolling Interest Sharing Ratio	8.67%	8.91%	9.32%	8.57%	8.25%	8.30%	7.33%	5.83%	4.98%	4.76%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.16	2.04	1.76	2.40	2.21	2.56	2.25	2.60	2.37	2.80
Quick Ratio	3.24	1.18	1.29	1.51	1.42	1.86	1.61	1.75	1.76	1.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	549	-3,524	942	1,028	785	196	-856	1,197	1,267	250
Operating Cash Flow to CapEx	219.76%	137.84%	264.82%	200.71%	165.31%	247.05%	363.83%	306.41%	225.92%	130.36%
Free Cash Flow to Firm to Interest Expense	15.70	-44.60	5.93	8.16	6.33	1.38	-4.86	6.76	7.68	1.57
Operating Cash Flow to Interest Expense	30.83	10.97	9.61	11.18	10.49	9.13	13.60	19.18	14.16	8.26
Operating Cash Flow Less CapEx to Interest Expense	16.80	3.01	5.98	5.61	4.15	5.44	9.86	12.92	7.89	1.92
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.62	0.70	0.73	0.65	0.55	0.73	0.81	0.60	0.58
Accounts Receivable Turnover	8.35	7.01	8.29	8.47	7.83	6.67	7.64	8.61	7.38	7.87
Inventory Turnover	6.83	6.63	7.38	6.95	7.03	6.99	7.13	7.16	5.92	6.14
Fixed Asset Turnover	1.55	1.08	1.25	1.33	1.20	1.09	1.62	1.96	1.48	1.42
Accounts Payable Turnover	13.21	11.19	11.46	12.01	14.00	12.85	11.71	13.26	11.70	11.79
Days Sales Outstanding (DSO)	43.72	52.04	44.03	43.07	46.60	54.72	47.76	42.40	49.48	46.35
Days Inventory Outstanding (DIO)	53.44	55.07	49.43	52.54	51.89	52.21	51.23	50.96	61.63	59.47
Days Payable Outstanding (DPO)	27.64	32.61	31.85	30.39	26.08	28.41	31.18	27.53	31.20	30.96
Cash Conversion Cycle (CCC)	69.52	74.50	61.61	65.23	72.42	78.52	67.81	65.83	79.90	74.86
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,137	7,100	7,675	7,738	7,485	7,772	10,793	11,974	11,251	11,605
Invested Capital Turnover	1.45	0.99	1.09	1.12	1.07	0.98	1.27	1.39	1.08	1.06
Increase / (Decrease) in Invested Capital	113	3,963	575	63	-253	287	3,021	1,181	-723	354
Enterprise Value (EV)	6,168	10,081	15,335	10,014	10,567	11,659	14,817	14,800	18,688	15,834
Market Capitalization	6,297	6,505	12,534	7,866	8,419	9,930	11,979	12,757	17,678	14,756
Book Value per Share	$25.00	$27.34	$37.75	$43.28	$45.66	$47.31	$62.24	$77.60	$79.92	$81.79
Tangible Book Value per Share	$23.36	$13.89	$23.89	$34.48	$35.83	$34.04	$34.04	$48.49	$53.04	$56.05
Total Capital	4,320	7,720	9,206	8,744	9,848	10,144	13,708	15,344	15,670	15,605
Total Debt	758	3,828	3,837	2,668	3,445	3,566	5,180	4,879	4,906	4,562
Total Long-Term Debt	758	3,679	3,127	2,668	3,445	3,566	4,911	4,879	4,607	4,556
Net Debt	-425	3,208	2,306	1,662	1,605	1,194	2,265	1,509	487	562
Capital Expenditures (CapEx)	491	629	577	702	787	525	658	1,108	1,034	1,008
Debt-free, Cash-free Net Working Capital (DFCFNWC)	470	754	675	906	773	807	1,280	1,447	814	1,082
Debt-free Net Working Capital (DFNWC)	1,653	1,374	2,206	1,659	1,501	2,120	3,188	3,675	4,118	4,001
Net Working Capital (NWC)	1,653	1,225	1,496	1,659	1,501	2,120	2,919	3,675	3,819	3,995
Net Nonoperating Expense (NNE)	-2.07	19	178	57	70	110	95	81	22	-43
Net Nonoperating Obligations (NNO)	-425	3,208	2,306	1,662	1,082	1,194	2,265	1,509	487	562
Total Depreciation and Amortization (D&A)	246	378	601	641	713	773	840	1,056	1,097	1,114
Debt-free, Cash-free Net Working Capital to Revenue	10.53%	14.85%	8.39%	10.49%	9.52%	10.75%	10.87%	9.16%	6.49%	8.91%
Debt-free Net Working Capital to Revenue	37.03%	27.07%	27.43%	19.21%	18.49%	28.25%	27.07%	23.27%	32.82%	32.95%
Net Working Capital to Revenue	37.03%	24.13%	18.60%	19.21%	18.49%	28.25%	24.78%	23.27%	30.44%	32.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.88	$3.07	$10.05	$7.66	$3.26	$2.57	$15.66	$17.46	$3.73	$4.66
Adjusted Weighted Average Basic Shares Outstanding	131.82M	129.37M	129.09M	129.40M	128.40M	127.85M	128.00M	127.97M	127.81M	128.54M
Adjusted Diluted Earnings per Share	$4.86	$3.06	$10.00	$7.62	$3.25	$2.56	$15.58	$17.34	$3.70	$4.64
Adjusted Weighted Average Diluted Shares Outstanding	132.30M	129.97M	129.54M	129.99M	128.76M	128.09M	128.70M	128.85M	128.60M	129.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	130.22M	128.93M	129.42M	128.47M	128.39M	127.83M	127.92M	127.36M	128.22M	128.23M
Normalized Net Operating Profit after Tax (NOPAT)	663	517	878	1,117	562	326	2,181	2,404	919	666
Normalized NOPAT Margin	14.85%	10.19%	10.92%	12.94%	6.92%	4.34%	18.52%	15.22%	7.32%	5.49%
Pre Tax Income Margin	21.58%	10.99%	13.44%	15.45%	7.02%	4.41%	22.73%	18.65%	5.58%	7.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	28.51	8.06	7.80	11.59	5.60	3.33	16.21	17.64	5.24	6.90
NOPAT to Interest Expense	18.94	5.55	9.54	8.66	4.29	3.40	12.30	13.44	3.29	3.80
EBIT Less CapEx to Interest Expense	14.49	0.10	4.17	6.02	-0.75	-0.37	12.47	11.38	-1.02	0.56
NOPAT Less CapEx to Interest Expense	4.91	-2.41	5.91	3.09	-2.06	-0.29	8.56	7.18	-2.97	-2.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.09%	27.14%	9.78%	15.96%	39.39%	51.47%	9.32%	9.97%	52.68%	48.38%
Augmented Payout Ratio	40.60%	43.10%	9.78%	26.21%	45.89%	65.95%	10.77%	14.37%	57.09%	57.65%

This table displays calculated financial ratios and metrics derived from Westlake's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	-17.26%	-27.48%	-21.26%	-14.34%	-11.35%	-1.35%	0.06%	0.60%
EBITDA Growth	-25.35%	0.00%	-36.54%	-52.61%	-15.17%	-137.96%	-33.82%	7.83%	-25.95%	277.02%
EBIT Growth	-38.22%	0.00%	-46.50%	-64.85%	-25.00%	-248.56%	-51.08%	10.98%	-44.69%	126.11%
NOPAT Growth	-34.72%	0.00%	-46.54%	-63.91%	-34.19%	-245.32%	-58.12%	-4.09%	-58.61%	103.38%
Net Income Growth	0.00%	0.00%	-46.73%	-64.83%	-28.40%	-296.37%	-54.55%	5.21%	-59.32%	103.90%
EPS Growth	0.00%	0.00%	-47.68%	-65.00%	-29.03%	-313.26%	-56.07%	3.90%	-62.27%	101.81%
Operating Cash Flow Growth	25.43%	0.00%	-26.86%	-39.21%	-26.50%	-31.38%	-66.99%	-57.30%	-31.90%	-24.26%
Free Cash Flow Firm Growth	11,385.85%	69.71%	114.38%	115.39%	-231.28%	136.78%	62.34%	19.00%	102.67%	-201.29%
Invested Capital Growth	-100.00%	10.94%	-0.68%	-1.68%	0.00%	-6.04%	-5.29%	-2.65%	-1.64%	3.15%
Revenue Q/Q Growth	-11.76%	-16.61%	1.73%	-3.13%	-4.18%	-9.28%	5.27%	7.80%	-2.81%	-8.79%
EBITDA Q/Q Growth	-44.78%	-23.01%	33.28%	-16.36%	-1.16%	-134.46%	332.34%	36.26%	-32.12%	-17.62%
EBIT Q/Q Growth	-54.70%	-35.56%	60.34%	-24.91%	-3.34%	-227.65%	152.80%	70.33%	-51.83%	-39.73%
NOPAT Q/Q Growth	-52.03%	-37.97%	59.00%	-23.72%	-12.53%	-236.99%	145.82%	74.68%	-62.25%	-88.81%
Net Income Q/Q Growth	-52.81%	-39.81%	64.11%	-24.57%	-3.91%	-265.08%	137.99%	74.59%	-62.85%	-84.17%
EPS Q/Q Growth	-53.03%	-41.61%	68.51%	-24.26%	-4.76%	-275.45%	134.72%	79.10%	-65.42%	-91.57%
Operating Cash Flow Q/Q Growth	3.72%	-11.83%	-38.68%	8.40%	25.41%	-17.67%	-70.51%	40.24%	100.00%	-8.44%
Free Cash Flow Firm Q/Q Growth	358.56%	-110.27%	155.27%	4.88%	-2,305.95%	102.88%	143.93%	-23.11%	-50.46%	-209.01%
Invested Capital Q/Q Growth	-100.00%	0.00%	1.68%	-0.01%	-1.56%	-6.12%	2.49%	2.78%	-0.54%	-1.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.62%	17.19%	23.60%	19.75%	18.81%	7.04%	15.66%	20.70%	16.01%	11.54%
EBITDA Margin	20.32%	18.76%	24.58%	21.22%	21.89%	-8.32%	18.35%	23.20%	16.20%	14.63%
Operating Margin	13.04%	9.91%	15.97%	12.18%	11.20%	-19.53%	7.50%	12.66%	5.77%	2.32%
EBIT Margin	13.65%	10.55%	16.63%	12.89%	13.00%	-18.29%	9.18%	14.50%	7.19%	4.75%
Profit (Net Income) Margin	10.41%	7.52%	12.13%	9.44%	9.47%	-17.23%	6.22%	10.07%	3.85%	0.67%
Tax Burden Percent	83.06%	81.31%	78.88%	81.43%	80.82%	87.28%	79.40%	76.18%	64.86%	19.79%
Interest Burden Percent	91.85%	87.64%	92.47%	89.98%	90.12%	107.93%	85.35%	91.18%	82.59%	71.11%
Effective Tax Rate	16.94%	18.69%	21.12%	18.57%	19.18%	0.00%	20.60%	23.82%	35.14%	80.21%
Return on Invested Capital (ROIC)	0.00%	11.18%	15.56%	11.20%	19.68%	-14.77%	6.11%	9.73%	3.82%	0.49%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	10.23%	14.84%	10.32%	23.38%	-24.85%	6.89%	11.21%	4.32%	1.62%
Return on Net Nonoperating Assets (RNNOA)	0.00%	2.03%	3.22%	1.72%	1.45%	-2.34%	0.64%	0.94%	0.25%	0.08%
Return on Equity (ROE)	0.00%	13.22%	18.78%	12.92%	21.13%	-17.11%	6.75%	10.67%	4.07%	0.57%
Cash Return on Invested Capital (CROIC)	200.00%	10.52%	17.13%	13.42%	-178.42%	10.91%	7.96%	5.10%	2.72%	2.18%
Operating Return on Assets (OROA)	0.00%	8.54%	12.38%	8.64%	15.82%	-11.04%	5.35%	8.36%	4.10%	2.76%
Return on Assets (ROA)	0.00%	6.09%	9.03%	6.33%	11.53%	-10.40%	3.62%	5.81%	2.20%	0.39%
Return on Common Equity (ROCE)	0.00%	12.45%	17.75%	12.24%	20.13%	-16.26%	6.42%	10.16%	3.88%	0.54%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	18.85%	13.03%	11.69%	0.00%	2.90%	2.99%	1.32%	0.00%
Net Operating Profit after Tax (NOPAT)	429	266	423	322	282	-386	177	309	117	13
NOPAT Margin	10.83%	8.06%	12.60%	9.92%	9.06%	-13.67%	5.95%	9.64%	3.75%	0.46%
Net Nonoperating Expense Percent (NNEP)	5.39%	0.95%	0.72%	0.88%	-3.70%	10.08%	-0.78%	-1.48%	-0.50%	-1.13%
Return On Investment Capital (ROIC_SIMPLE)	-	1.73%	-	-	-	-2.47%	-	-	-	0.08%
Cost of Revenue to Revenue	80.38%	82.81%	76.40%	80.25%	81.19%	92.96%	84.34%	79.30%	83.99%	88.46%
SG&A Expenses to Revenue	5.43%	6.06%	6.62%	6.55%	6.61%	7.93%	7.03%	6.98%	6.90%	7.95%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.57%	7.27%	7.63%	7.57%	7.61%	26.57%	8.17%	8.04%	10.23%	9.22%
Earnings before Interest and Taxes (EBIT)	540	348	558	419	405	-517	273	465	224	135
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	804	619	825	690	682	-235	546	744	505	416
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.28	1.41	1.42	1.46	1.73	1.88	1.75	1.81	1.40
Price to Tangible Book Value (P/TBV)	0.00	2.06	2.20	2.18	2.20	2.60	2.81	2.58	2.64	2.05
Price to Revenue (P/Rev)	0.00	0.81	0.96	1.08	1.21	1.41	1.60	1.53	1.59	1.22
Price to Earnings (P/E)	0.00	5.68	7.67	11.31	12.99	36.91	75.09	67.47	197.20	24.51
Dividend Yield	1.48%	1.31%	1.21%	1.22%	1.28%	1.24%	1.22%	1.39%	1.35%	1.79%
Earnings Yield	0.00%	17.61%	13.03%	8.84%	7.70%	2.71%	1.33%	1.48%	0.51%	4.08%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.24	1.34	1.36	1.41	1.66	1.79	1.67	1.73	1.36
Enterprise Value to Revenue (EV/Rev)	0.00	0.94	1.08	1.20	1.30	1.49	1.70	1.64	1.69	1.30
Enterprise Value to EBITDA (EV/EBITDA)	0.00	3.54	4.41	5.65	6.01	9.53	12.27	11.42	13.11	7.16
Enterprise Value to EBIT (EV/EBIT)	0.00	4.74	6.20	8.90	9.78	21.61	35.60	31.68	45.96	14.43
Enterprise Value to NOPAT (EV/NOPAT)	0.00	6.22	8.13	11.53	13.09	34.38	68.99	68.35	160.28	26.24
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	4.36	5.10	5.83	6.51	8.00	10.36	11.84	14.08	12.05
Enterprise Value to Free Cash Flow (EV/FCFF)	1.27	12.36	7.81	10.08	0.00	14.75	21.89	32.40	63.20	63.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.47	0.45	0.44	0.43	0.46	0.45	0.44	0.41	0.41
Long-Term Debt to Equity	0.00	0.47	0.45	0.44	0.41	0.43	0.42	0.41	0.41	0.41
Financial Leverage	0.08	0.20	0.22	0.17	0.06	0.09	0.09	0.08	0.06	0.05
Leverage Ratio	2.17	2.05	2.02	1.96	1.90	1.96	1.93	1.90	1.89	1.92
Compound Leverage Factor	2.00	1.80	1.87	1.77	1.71	2.11	1.64	1.73	1.56	1.36
Debt to Total Capital	0.00%	31.80%	31.12%	30.64%	30.16%	31.31%	31.06%	30.57%	29.21%	29.23%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	1.85%	1.91%	1.91%	1.88%	0.00%	0.04%
Long-Term Debt to Total Capital	0.00%	31.80%	31.12%	30.64%	28.31%	29.40%	29.16%	28.69%	29.21%	29.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	3.48%	3.42%	3.34%	3.29%	3.34%	3.32%	3.25%	3.32%	3.31%
Common Equity to Total Capital	0.00%	64.72%	65.46%	66.02%	66.56%	65.35%	65.62%	66.17%	67.47%	67.46%
Debt to EBITDA	0.00	1.17	1.32	1.67	1.73	2.50	2.91	2.81	2.96	2.06
Net Debt to EBITDA	0.00	0.36	0.36	0.37	0.25	0.25	0.40	0.44	0.39	0.25
Long-Term Debt to EBITDA	0.00	1.17	1.32	1.67	1.62	2.35	2.73	2.64	2.96	2.06
Debt to NOPAT	0.00	2.05	2.43	3.40	3.77	9.02	16.34	16.84	36.18	7.56
Net Debt to NOPAT	0.00	0.63	0.67	0.76	0.54	0.90	2.27	2.61	4.72	0.93
Long-Term Debt to NOPAT	0.00	2.05	2.43	3.40	3.54	8.47	15.34	15.80	36.18	7.55
Altman Z-Score	0.00	2.47	2.60	2.57	2.53	2.44	2.68	2.69	2.72	2.46
Noncontrolling Interest Sharing Ratio	7.26%	5.83%	5.52%	5.24%	4.71%	4.98%	4.88%	4.75%	4.69%	4.76%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	2.60	2.85	2.95	2.54	2.37	2.46	2.61	2.79	2.80
Quick Ratio	0.00	1.75	1.97	2.13	1.88	1.76	1.81	1.91	1.99	1.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	8,914	-915	506	530	-11,702	337	821	631	313	-341
Operating Cash Flow to CapEx	297.80%	281.14%	191.76%	231.25%	284.08%	203.19%	62.13%	102.60%	215.45%	152.28%
Free Cash Flow to Firm to Interest Expense	202.58	-21.28	12.04	12.63	-292.55	8.21	20.53	15.40	8.02	-8.74
Operating Cash Flow to Interest Expense	21.52	19.42	12.19	13.21	17.40	13.98	4.23	5.78	12.15	11.13
Operating Cash Flow Less CapEx to Interest Expense	14.30	12.51	5.83	7.50	11.28	7.10	-2.58	0.15	6.51	3.82
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.81	0.74	0.67	1.22	0.60	0.58	0.58	0.57	0.58
Accounts Receivable Turnover	0.00	8.61	7.21	6.32	0.00	7.38	6.90	6.61	6.57	7.87
Inventory Turnover	0.00	7.16	6.18	6.00	0.00	5.92	5.87	6.09	6.02	6.14
Fixed Asset Turnover	0.00	1.96	1.80	1.65	0.00	1.48	1.43	1.42	1.41	1.42
Accounts Payable Turnover	0.00	13.26	12.47	11.39	0.00	11.70	11.95	12.10	12.05	11.79
Days Sales Outstanding (DSO)	0.00	42.40	50.62	57.80	0.00	49.48	52.89	55.20	55.59	46.35
Days Inventory Outstanding (DIO)	0.00	50.96	59.06	60.78	0.00	61.63	62.22	59.98	60.60	59.47
Days Payable Outstanding (DPO)	0.00	27.53	29.26	32.04	0.00	31.20	30.54	30.16	30.29	30.96
Cash Conversion Cycle (CCC)	0.00	65.83	80.42	86.54	0.00	79.90	84.58	85.02	85.89	74.86
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	11,974	12,175	12,174	11,984	11,251	11,531	11,852	11,788	11,605
Invested Capital Turnover	0.00	1.39	1.24	1.13	2.17	1.08	1.03	1.01	1.02	1.06
Increase / (Decrease) in Invested Capital	-8,485	1,181	-83	-208	11,984	-723	-644	-322	-196	354
Enterprise Value (EV)	10,816	14,800	16,346	16,606	16,924	18,688	20,648	19,831	20,451	15,834
Market Capitalization	10,816	12,757	14,462	14,976	15,694	17,678	19,448	18,553	19,325	14,756
Book Value per Share	$0.00	$77.60	$80.80	$82.61	$84.22	$79.92	$80.48	$82.24	$82.92	$81.79
Tangible Book Value per Share	$0.00	$48.49	$51.70	$53.82	$55.78	$53.04	$53.94	$56.01	$56.86	$56.05
Total Capital	0.00	15,344	15,720	15,971	16,158	15,670	15,743	15,979	15,802	15,605
Total Debt	0.00	4,879	4,892	4,894	4,873	4,906	4,890	4,885	4,616	4,562
Total Long-Term Debt	0.00	4,879	4,892	4,894	4,574	4,607	4,590	4,585	4,616	4,556
Net Debt	0.00	1,509	1,347	1,097	699	487	678	758	602	562
Capital Expenditures (CapEx)	318	297	267	240	245	282	272	231	220	285
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	1,447	1,573	1,488	1,340	814	1,063	1,330	1,283	1,082
Debt-free Net Working Capital (DFNWC)	0.00	3,675	3,987	4,165	4,397	4,118	4,171	4,372	4,198	4,001
Net Working Capital (NWC)	0.00	3,675	3,987	4,165	4,098	3,819	3,871	4,072	4,198	3,995
Net Nonoperating Expense (NNE)	17	18	16	15	-13	101	-7.94	-14	-3.24	-5.94
Net Nonoperating Obligations (NNO)	0.00	1,509	1,347	1,097	699	487	678	758	602	562
Total Depreciation and Amortization (D&A)	264	271	267	271	277	282	273	279	281	281
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	9.16%	10.42%	10.73%	10.29%	6.49%	8.74%	10.97%	10.58%	8.91%
Debt-free Net Working Capital to Revenue	0.00%	23.27%	26.41%	30.05%	33.77%	32.82%	34.28%	36.06%	34.62%	32.95%
Net Working Capital to Revenue	0.00%	23.27%	26.41%	30.05%	31.47%	30.44%	31.82%	33.59%	34.62%	32.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.82	$3.07	$2.32	$2.22	($3.88)	$1.35	$2.42	$0.84	$0.05
Adjusted Weighted Average Basic Shares Outstanding	0.00	127.97M	127.55M	127.65M	127.85M	127.81M	128.36M	128.58M	128.64M	128.54M
Adjusted Diluted Earnings per Share	$0.00	$1.81	$3.05	$2.31	$2.20	($3.86)	$1.34	$2.40	$0.83	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	0.00	128.85M	128.46M	128.48M	128.58M	128.60M	129.02M	129.35M	129.34M	129.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	127.36M	127.64M	127.69M	128.14M	128.22M	128.57M	128.59M	128.71M	128.23M
Normalized Net Operating Profit after Tax (NOPAT)	434	273	425	325	282	-371	180	312	165	52
Normalized NOPAT Margin	10.96%	8.28%	12.67%	9.99%	9.06%	-13.13%	6.06%	9.74%	5.31%	1.82%
Pre Tax Income Margin	12.54%	9.25%	15.38%	11.60%	11.72%	-19.75%	7.83%	13.22%	5.94%	3.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.27	8.09	13.29	9.98	10.13	-12.61	6.83	11.34	5.74	3.46
NOPAT to Interest Expense	9.74	6.18	10.07	7.68	7.05	-9.42	4.43	7.54	2.99	0.33
EBIT Less CapEx to Interest Expense	5.05	1.19	6.93	4.26	4.00	-19.49	0.03	5.71	0.10	-3.85
NOPAT Less CapEx to Interest Expense	2.51	-0.72	3.71	1.96	0.93	-16.30	-2.37	1.91	-2.65	-6.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	9.97%	12.22%	17.76%	20.76%	52.68%	97.67%	98.10%	222.70%	48.38%
Augmented Payout Ratio	0.00%	14.37%	18.56%	24.53%	25.22%	57.09%	98.00%	98.10%	222.70%	57.65%

Frequently Asked Questions About Westlake's Financials

When does Westlake's fiscal year end?

According to the most recent income statement we have on file, Westlake's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Westlake's net income changed over the last 9 years?

Westlake's net income appears to be on an upward trend, with a most recent value of $647 million in 2024, falling from $665 million in 2015. The previous period was $522 million in 2023.

What is Westlake's operating income?

Westlake's total operating income in 2024 was $875 million, based on the following breakdown:

Total Gross Profit: $1.96 billion
Total Operating Expenses: $1.08 billion

How has Westlake revenue changed over the last 9 years?

Over the last 9 years, Westlake's total revenue changed from $4.46 billion in 2015 to $12.14 billion in 2024, a change of 172.1%.

How much debt does Westlake have?

Westlake's total liabilities were at $9.71 billion at the end of 2024, a 5.5% decrease from 2023, and a 383.6% increase since 2015.

How much cash does Westlake have?

In the past 9 years, Westlake's cash and equivalents has ranged from $459 million in 2016 to $3.30 billion in 2023, and is currently $2.92 billion as of their latest financial filing in 2024.

How has Westlake's book value per share changed over the last 9 years?

Over the last 9 years, Westlake's book value per share changed from 25.00 in 2015 to 81.79 in 2024, a change of 227.2%.

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This page (NYSE:WLK) was last updated on 4/15/2025 by MarketBeat.com Staff

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Westlake (WLK) Financials

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Westlake (WLK) Financials

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