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Westlake Corporation (WLK) Financials

WLK
Trailing 12 months to June 30, 2026
Revenue $11.3B -4.0% YoY
Net Income -$1.2B -1743.3% YoY
EPS (Diluted) -$9.58 -1707.5% YoY
Free Cash Flow -$265.0M -390.7% YoY
Market Cap $8.3B as of Oct 6, 2026
Price / Sales 0.7x on $11.3B revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book 0.9x on $8.7B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WLK SEC filings page.

Westlake Corporation (WLK) reported $11.3B in revenue over the twelve months to Jun 30, 2026, down 4.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WLK FY2025

Westlake’s 2025 downturn erased operating profit while heavy reinvestment kept free cash flow negative, despite positive operating cash generation.

Cash conversion deteriorated sharply: operating cash flow fell from $1.31B in FY2024 to $465M in FY2025, yet capital expenditures remained close to their prior-year level. That combination means reported cash generation was absorbed by reinvestment rather than converted into discretionary cash, a sharper deterioration than the income statement alone conveys.

Margin compression was the central operating change: gross margin fell from 16.1% in FY2024 to 7.3% in FY2025. With operating margin at -14.1%, the cost structure no longer covered the economics of current sales.

The balance sheet became more leveraged during the downturn: total liabilities rose from $9.7B in FY2024 to $10.7B in FY2025. Debt-to-equity increased from 0.4x to 0.6x, while the current ratio remained 2.2x, indicating short-term assets still exceeded near-term obligations even as overall financial pressure increased.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 36 / 100
Financial Health Score 36/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Westlake Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
25

Westlake Corporation has an operating margin of -14.1%, meaning the company loses $14 on every $100 of revenue. This results in a profitability score of 25/100. This is down from 7.2% the prior year.

Growth
15

Westlake Corporation's revenue declined 8.0% year-over-year, from $12.1B to $11.2B. This contraction results in a growth score of 15/100.

Leverage
57

Westlake Corporation has a moderate D/E ratio of 0.58. This balance of debt and equity financing earns a leverage score of 57/100.

Liquidity
65

With a current ratio of 2.24, Westlake Corporation holds $2.24 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.

Cash Flow
27

While Westlake Corporation generated $465.0M in operating cash flow, capex of $995.0M consumed most of it, leaving -$530.0M in free cash flow. This results in a low score of 27/100, reflecting heavy capital investment rather than weak cash generation.

Returns
27

Westlake Corporation posts a -17.2% return on equity (ROE), meaning it loses $17 for every $100 of shareholders' equity. This results in a returns score of 27/100. This is down from 5.7% the prior year.

Altman Z-Score Distress
1.58

Westlake Corporation scores 1.58, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Weak
3/9

Westlake Corporation passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
N/A

Westlake Corporation reported a net loss of $1.5B while generating $465.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Westlake Corporation reported an operating loss of $1.6B against $171.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$3.3B
YoY+10.8%
QoQ+23.3%
5Y CAGR+2.7%
10Y CAGR+11.7%

Westlake Corporation generated $3.3B in revenue in Q2 2026. This represents an increase of 10.8% from the same quarter a year earlier. Against the prior quarter it is up 23.3%.

EBITDA
$650.0M
YoY+249.5%
QoQ+480.4%
5Y CAGR-6.8%
10Y CAGR+10.1%

Westlake Corporation's EBITDA was $650.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 249.5% from the same quarter a year earlier. Against the prior quarter it is up 480.4%.

Net Income
$260.0M
YoY+283.1%
QoQ+253.8%
5Y CAGR-13.0%
10Y CAGR+8.9%

Westlake Corporation reported $260.0M in net income in Q2 2026. This represents an increase of 283.1% from the same quarter a year earlier. Against the prior quarter it is up 253.8%.

EPS (Diluted)
$2.01
YoY+281.1%
QoQ+253.4%
5Y CAGR-13.0%
10Y CAGR+9.0%

Westlake Corporation earned $2.01 per diluted share (EPS) in Q2 2026. This represents an increase of 281.1% from the same quarter a year earlier. Against the prior quarter it is up 253.4%.

Cash & Balance Sheet

Free Cash Flow
$111.0M
YoY+184.1%
QoQ+136.6%
5Y CAGR-25.6%
10Y CAGR+2.1%

Westlake Corporation generated $111.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 184.1% from the same quarter a year earlier. Against the prior quarter it is up 136.6%.

Cash & Debt
$1.6B
YoY-21.2%
QoQ-27.7%
5Y CAGR-2.3%
10Y CAGR+7.9%

Westlake Corporation held $1.6B in cash against $5.1B in long-term debt as of Q2 2026.

Dividends Per Share
$0.53
YoY+1.0%
QoQ0.0%
5Y CAGR+14.4%
10Y CAGR+11.3%

Westlake Corporation paid $0.53 per share in dividends in Q2 2026. This represents an increase of 1.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
128M
YoY-0.4%
QoQ-0.3%
5Y CAGR-0.1%
10Y CAGR-0.1%

Westlake Corporation had 128M shares outstanding in Q2 2026. This represents a decrease of 0.4% from the same quarter a year earlier. Against the prior quarter it is down 0.3%.

Margins & Returns

Gross Margin
19.9%
YoY+11.2pp
QoQ+15.7pp
5Y change-10.6pp
10Y change-2.3pp

Westlake Corporation's gross margin was 19.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 11.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 15.7 percentage points.

Operating Margin
11.1%
YoY+14.8pp
QoQ+17.6pp
5Y change-14.1pp
10Y change-5.4pp

Westlake Corporation's operating margin was 11.1% in Q2 2026, reflecting core business profitability. This is up 14.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.6 percentage points.

Net Margin
8.0%
YoY+12.8pp
QoQ+14.3pp
5Y change-10.3pp
10Y change-2.3pp

Westlake Corporation's net profit margin was 8.0% in Q2 2026, showing the share of revenue converted to profit. This is up 12.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.3 percentage points.

Return on Equity
3.0%
YoY+4.4pp
QoQ+5.0pp
5Y change-4.7pp
10Y change-0.2pp

Westlake Corporation's ROE was 3.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 4.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.0 percentage points.

Capital Allocation

Share Buybacks
$30.0M

Westlake Corporation spent $30.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$207.0M
YoY-22.5%
QoQ-1.0%
5Y CAGR+9.9%
10Y CAGR+3.2%

Westlake Corporation invested $207.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 22.5% from the same quarter a year earlier. Against the prior quarter it is down 1.0%.

R&D Spending

Not reported for Q2 2026.

WLK Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WLK quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$3.3B+10.8%$2.7B-6.8%$2.5B-10.9%$2.8B-9.0%$3.0B-7.9%$2.8B-4.3%$2.8B+0.6%$3.1B+0.1%
Cost of Revenue$2.6B-2.8%$2.5B-2.8%$2.4B-2.7%$2.6B-0.6%$2.7B+6.0%$2.6B+4.2%$2.5B-4.3%$2.6B+3.5%
Gross Profit$652.0M+152.7%$112.0M-51.7%$87.0M-73.5%$236.0M-52.7%$258.0M-61.1%$232.0M-50.2%$328.0M+64.8%$499.0M-14.8%
SG&A Expenses$253.0M+14.5%$236.0M+4.0%$224.0M-0.9%$228.0M+6.0%$221.0M-1.3%$227.0M+8.6%$226.0M+0.9%$215.0M+4.4%
Operating Income$364.0M+433.9%-$172.0M-437.5%-$671.0M-1116.7%-$766.0M-525.6%-$109.0M-126.8%-$32.0M-114.3%$66.0M+112.0%$180.0M-48.4%
EBITDA$650.0M+249.5%$112.0M-55.4%-$374.0M-207.8%-$463.0M-200.4%$186.0M-72.8%$251.0M-49.4%$347.0M+228.5%$461.0M-26.4%
Interest Expense$55.0M+37.5%$56.0M+43.6%$51.0M+30.8%$41.0M+5.1%$40.0M-2.4%$39.0M-2.5%$39.0M-4.9%$39.0M-2.5%
Income Tax$67.0M+1016.7%-$33.0M-3400.0%-$130.0M-268.8%-$3.0M-104.6%$6.0M-94.1%$1.0M-97.9%$77.0M+208.5%$65.0M-7.1%
Net Income$260.0M+283.1%-$169.0M-322.5%-$544.0M-7871.4%-$782.0M-824.1%-$142.0M-145.4%-$40.0M-123.0%$7.0M+101.4%$108.0M-62.1%
EPS (Basic)$2.02+282.0%-$1.31-322.6%-$4.22-8540.0%-$6.06-821.4%-$1.11-145.9%-$0.31-123.0%$0.05+101.3%$0.84-62.2%
EPS (Diluted)$2.01+281.1%-$1.31-322.6%-$4.22-7133.3%-$6.06-830.1%-$1.11-146.3%-$0.31-123.1%$0.06+101.6%$0.83-62.3%
Diluted Shares (Avg)129M+0.2%128M-0.2%N/A128M-0.8%128M-0.9%128M-0.6%N/A129M+0.6%

Not reported in any period shown, so not listed: R&D Expenses.

WLK Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WLK quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$19.4B-6.6%$19.7B-4.8%$20.0B-3.8%$19.8B-6.1%$20.8B-1.3%$20.7B-1.2%$20.8B-1.4%$21.1B-1.3%
Current Assets$5.7B-4.3%$6.0B-1.1%$6.2B0.0%$5.8B-12.2%$5.9B-10.0%$6.0B-7.7%$6.2B-6.0%$6.5B-3.1%
Cash & Equivalents$1.6B-21.2%$2.3B-1.1%$2.7B-6.7%$1.9B-33.9%$2.1B-31.5%$2.3B-26.1%$2.9B-11.7%$2.9B-4.6%
Short-Term Investments$209.0M+8.9%$205.0M+12.0%$204.0M$198.0M$192.0M$183.0M$0$0
Inventory$1.8B+1.3%$1.7B-5.8%$1.7B-2.6%$1.7B-1.1%$1.7B+2.8%$1.8B+7.2%$1.7B+4.6%$1.7B+4.5%
Accounts Receivable$1.7B+6.7%$1.4B-7.0%$1.2B-6.5%$1.4B-8.8%$1.6B-4.7%$1.5B-3.6%$1.3B-5.6%$1.6B-0.6%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$1.3B-34.1%$1.3B-33.8%$1.3B-35.3%$1.3B-35.6%$2.0B+0.4%$2.0B-0.2%$2.0B-0.5%$2.0B-5.6%
Total Liabilities$10.2B+2.2%$10.7B+8.8%$10.7B+9.9%$9.9B-0.5%$10.0B+0.3%$9.8B-3.1%$9.7B-5.5%$9.9B-1.9%
Current Liabilities$2.3B-3.5%$2.7B+20.0%$2.8B+24.8%$2.9B+23.2%$2.4B-5.3%$2.3B-13.9%$2.2B-20.5%$2.4B-11.6%
Non-Current Liabilities$7.9B+3.9%$7.9B+5.4%$7.9B+5.4%$7.0B-7.8%$7.6B+2.1%$7.5B+0.7%$7.5B+0.1%$7.6B+1.6%
Long-Term Debt$5.1B+8.9%$5.1B+10.6%$5.1B+11.7%$3.9B-15.4%$4.7B+1.5%$4.6B0.0%$4.6B-1.1%$4.6B+0.9%
Total Equity$8.7B-15.3%$8.5B-17.9%$8.8B-16.5%$9.4B-11.6%$10.3B-2.8%$10.4B+0.8%$10.5B+2.8%$10.7B-0.9%
Retained Earnings$8.7B-14.8%$8.5B-18.4%$8.7B-17.0%$9.3B-11.6%$10.2B-3.2%$10.4B+1.2%$10.5B+3.3%$10.5B-1.5%

WLK Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WLK quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$318.0M+135.6%-$94.0M-22.1%$225.0M-48.2%$182.0M-61.6%$135.0M-43.0%-$77.0M-145.6%$434.0M-24.3%$474.0M-31.9%
Depreciation & Amortization$286.0M-3.1%$284.0M+0.4%$297.0M+5.7%$303.0M+7.8%$295.0M+5.7%$283.0M+3.7%$281.0M-0.4%$281.0M+1.4%
Stock-Based CompensationN/A$7.0M0.0%N/AN/AN/A$7.0M-22.2%N/AN/A
Capital Expenditures$207.0M-22.5%$209.0M-15.7%$241.0M-15.4%$239.0M+8.6%$267.0M+15.6%$248.0M-8.8%$285.0M+1.1%$220.0M-10.2%
Free Cash Flow$111.0M+184.1%-$303.0M+6.8%-$16.0M-110.7%-$57.0M-122.4%-$132.0M-2300.0%-$325.0M-215.5%$149.0M-48.8%$254.0M-43.7%
Investing Cash Flow-$320.0M-9.6%-$271.0M+37.6%-$255.0M+3.8%-$242.0M-0.4%-$292.0M-30.9%-$434.0M-59.6%-$265.0M+7.7%-$241.0M+4.0%
Financing Cash Flow-$622.0M-658.5%-$82.0M+28.7%$815.0M+712.8%-$88.0M+76.3%-$82.0M-13.9%-$115.0M-55.4%-$133.0M-90.0%-$371.0M-743.2%
Dividends Paid$69.0M+1.5%$68.0M0.0%$68.0M+1.5%$68.0M+1.5%$68.0M+4.6%$68.0M+4.6%$67.0M+3.1%$67.0M+4.7%
Share Buybacks$30.0M$0-100.0%$33.0M-45.0%$0$0$30.0M$60.0M$0

WLK Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WLK quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin19.9%+11.2pp4.2%-3.9pp3.4%-8.1pp8.3%-7.7pp8.7%-12.0pp8.2%-7.5pp11.5%+4.5pp16.0%-2.8pp
Operating Margin11.1%+14.8pp-6.5%-5.4pp-26.5%-28.8pp-27.0%-32.8pp-3.7%-16.3pp-1.1%-8.6pp2.3%+21.9pp5.8%-5.4pp
Net Margin8.0%+12.8pp-6.4%-5.0pp-21.5%-21.7pp-27.6%-31.0pp-4.8%-14.6pp-1.4%-7.3pp0.3%+17.8pp3.5%-5.7pp
Return on Equity3.0%+4.4pp-2.0%-1.6pp-6.2%-6.3pp-8.3%-9.3pp-1.4%-4.3pp-0.4%-2.1pp0.1%+4.9pp1.0%-1.6pp
Return on Assets1.3%+2.0pp-0.9%-0.7pp-2.7%-2.8pp-4.0%-4.5pp-0.7%-2.2pp-0.2%-1.0pp0.0%+2.4pp0.5%-0.8pp
Current Ratio2.450.0x2.17-0.5x2.24-0.6x1.99-0.8x2.47-0.1x2.63+0.2x2.80+0.4x2.79+0.2x
Debt-to-Equity0.58+0.1x0.59+0.2x0.58+0.1x0.410.0x0.450.0x0.440.0x0.430.0x0.430.0x
Asset Turnover0.170.0x0.130.0x0.130.0x0.140.0x0.140.0x0.140.0x0.140.0x0.150.0x
FCF Margin3.4%+7.9pp-11.4%0.0pp-0.6%-5.9pp-2.0%-10.2pp-4.5%-4.7pp-11.4%-8.0pp5.2%-5.1pp8.2%-6.3pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Westlake Corporation WLK FY2025 $11.2B -$1.5B -13.5% $8.3B 36/100
Sociedad Quimica y Minera de Chile SA SQM FY2025 $4.6B $640.6M 14.0% $18.4B 35/100
LyondellBasell Industries N.V. LYB FY2025 $30.2B -$738.0M -2.5% $19.1B 33/100
RPM International, Inc. RPM FY2026 $7.9B $662.0M 8.4% $12.7B 35/100
International Flavors & Fragrances Inc. IFF FY2025 $10.9B -$359.0M -3.3% $21.0B 27/100
PPG Industries, Inc. PPG FY2025 $15.9B $1.6B 9.9% $23.4B 58/100

Frequently Asked Questions

What is Westlake Corporation's annual revenue?

Westlake Corporation (WLK) reported $11.2B in total revenue for fiscal year 2025. This represents a -8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Westlake Corporation's revenue growing?

Westlake Corporation (WLK) revenue declined by 8.0% year-over-year, from $12.1B to $11.2B in fiscal year 2025.

Is Westlake Corporation profitable?

No, Westlake Corporation (WLK) reported a net income of -$1.5B in fiscal year 2025, with a net profit margin of -13.5%.

Westlake Corporation (WLK) reported diluted earnings per share of -$11.70 for fiscal year 2025. This represents a -352.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Westlake Corporation (WLK) had EBITDA of -$400.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Westlake Corporation (WLK) had $2.7B in cash and equivalents against $5.1B in long-term debt.

Westlake Corporation (WLK) had a gross margin of 7.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Westlake Corporation (WLK) had an operating margin of -14.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Westlake Corporation (WLK) had a net profit margin of -13.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Westlake Corporation (WLK) paid $2.11 per share in dividends during fiscal year 2025.

Westlake Corporation (WLK) has a return on equity of -17.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Westlake Corporation (WLK) recorded an outflow of $530.0M in free cash flow during fiscal year 2025. This represents a -273.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Westlake Corporation (WLK) generated $465.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Westlake Corporation (WLK) had $20.0B in total assets as of fiscal year 2025, including both current and long-term assets.

Westlake Corporation (WLK) invested $995.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Westlake Corporation (WLK) spent $63.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Westlake Corporation (WLK) had 128M shares outstanding as of fiscal year 2025.

Westlake Corporation (WLK) had a current ratio of 2.24 as of fiscal year 2025, which is generally considered healthy.

Westlake Corporation (WLK) had a debt-to-equity ratio of 0.58 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Westlake Corporation (WLK) had a return on assets of -7.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Westlake Corporation (WLK) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $8.3B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Westlake Corporation (WLK) trades at 0.7x sales, its market capitalization divided by revenue of $11.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $8.3B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Westlake Corporation (WLK) has an Altman Z-Score of 1.58, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Westlake Corporation (WLK) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Westlake Corporation (WLK) reported a net loss of $1.5B while generating $465.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Westlake Corporation (WLK) reported an operating loss of $1.6B against $171.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Westlake Corporation (WLK) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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