WESTLAKE CORP

Listed Company

WLKCIK 0001262823NYSELarge AcceleratedIndustrial Organic ChemicalsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$11.17B

Net Income

$-1.51B

Total Assets

$19.96B

Equity

$8.79B

Shares Out

128.12M

Op. Cash Flow

$465.00M

WLK$77.65−6.96% · past yearDBEQ Basic

Daily closing prices

Business

Westlake Corporation is a vertically integrated global manufacturer of housing and infrastructure products and performance and essential materials including PVC, polyethylene, epoxy resins, chlor-alkali chemicals and ethylene. The company operates two reportable segments: Housing and Infrastructure Products (HIP), which manufactures residential and non-residential building products, PVC pipe and fittings, and compounds; and Performance and Essential Materials (PEM), which produces ethylene, chlorine, caustic soda, PVC, polyethylene and epoxy specialty resins. Products are sold primarily in North America, Europe and Asia to customers in residential construction, flexible and rigid packaging, automotive, healthcare, water treatment, wind energy and coatings end-markets.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	11,170	12,142	12,548	15,794	11,778
Cost of sales	10,357	10,185	10,329	11,721	8,283
Gross profit	813	1,957	2,219	4,073	3,495
Selling, general and administrative expenses	900	874	865	835	551
Impairment of goodwill and long-lived assets	727	0	475	0	0
Amortization of intangibles	124	117	122	155	123
Restructuring, transaction and integration-related costs	640	91	28	33	21
Income (loss) from operations	−1,578	875	729	3,050	2,800
Interest expense	−171	−159	−165	−177	—
Other income, net	152	222	136	73	53
Income (loss) before income taxes	−1,597	938	700	2,946	2,677
Income tax provision (benefit)	−126	291	178	649	607
Net income (loss)	−1,471	647	522	2,297	2,070
Net income attributable to noncontrolling interests	37	45	43	50	55
Net income (loss) attributable to Westlake Corporation	−1,508	602	479	2,247	2,015
Basic (in dollars per share)	−11.7	4.66	3.73	17.46	15.66
Diluted (in dollars per share)	−11.7	4.64	3.7	17.34	15.58
Basic (in shares)	128	129	128	128	128
Diluted (in shares)	128	129	129	129	129

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	2,724	2,919	3,304	2,228	1,908
Available-for-sale securities	204	0	—	—	—
Accounts receivable, net	1,504	1,483	1,601	1,801	1,868
Inventories	1,653	1,697	1,622	1,866	1,407
Prepaid expenses and other current assets	131	115	82	78	80
Total current assets	6,216	6,214	6,609	5,973	5,263
Property, plant and equipment, net	8,605	8,633	8,519	8,477	7,606
Operating lease right-of-use assets	798	801	697	615	562
Goodwill	1,314	2,031	2,041	2,161	2,024
Customer relationships, net	743	820	910	993	1,083
Other intangible assets, net	439	462	493	572	497
Equity method investments	1,062	1,081	1,115	1,142	1,007
Other assets, net	784	708	651	617	417
Total assets	19,961	20,750	21,035	20,550	18,459
Accounts payable	783	851	877	889	879
Accrued and other liabilities	1,490	1,362	1,614	1,409	1,196
Current portion of long-term debt, net	497	6	299	0	269
Total current liabilities	2,770	2,219	2,790	2,298	2,344
Long-term debt, net	5,087	4,556	4,607	4,879	4,911
Deferred income taxes	1,343	1,553	1,560	1,735	1,681
Pension and other post-retirement benefits	286	304	363	355	291
Operating lease liabilities	688	713	611	504	461
Other liabilities	492	362	340	314	243
Total liabilities	10,666	9,707	10,271	10,085	9,931
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding	0	0	0	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized; 134,651,380 and 134,651,380 shares issued at December 31, 2025 and 2024, respectively	1	1	1	1	1
Common stock, held in treasury, at cost; 6,740,232 and 6,424,366 shares at December 31, 2025 and 2024, respectively	−513	−467	−435	−467	−399
Additional paid-in capital	683	656	630	601	581
Retained earnings	8,701	10,481	10,143	9,885	7,808
Accumulated other comprehensive loss	−80	−144	−98	−89	−36
Total Westlake Corporation stockholders' equity	8,792	10,527	10,241	9,931	7,955
Noncontrolling interests	503	516	523	534	573
Total equity	9,295	11,043	10,764	10,465	8,528
Total liabilities and equity	19,961	20,750	21,035	20,550	18,459

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	1,178	1,114	1,097	1,056	840
Stock-based compensation expense	41	41	43	36	31
Loss from disposition and write-off of assets and accelerated depreciation and amortization	359	43	45	46	28
Deferred income taxes	−177	−35	−175	−21	23
Other gains, net	−7	−27	−3	5	16
Accounts receivable	15	87	225	325	−528
Inventories	51	−97	250	−140	−309
Prepaid expenses and other current assets	−11	−35	−19	5	−27
Accounts payable	−67	−20	−26	−153	242
Accrued and other liabilities	89	−213	170	137	239
Other, net	−262	−191	−268	−198	−231
Net cash provided by operating activities	465	1,314	2,336	3,395	2,394
Additions to investments in unconsolidated subsidiaries	−33	−26	−25	−180	−24
Additions to property, plant and equipment	−995	−1,008	−1,034	−1,108	−658
Payments to Acquire Debt Securities, Available-for-Sale	−272	0	0	—	—
Proceeds from Sale and Maturity of Debt Securities, Available-for-Sale	68	0	0	—	—
Other, net	9	33	22	12	23
Net cash used for investing activities	−1,223	−1,001	−1,037	−2,479	−3,213
Distributions to noncontrolling interests	−51	−49	−54	−60	−48
Dividends paid	−272	−264	−221	−169	−145
Proceeds from senior notes issuance, net	1,187	0	0	0	1,671
Repayment of senior notes	−254	−300	0	−250	0
Repurchase of common stock for treasury	−63	−60	−23	−101	−30
Other, net	−17	23	53	−25	−6
Net cash provided by (used for) financing activities	530	−650	−245	−587	1,437
Effect of exchange rate changes on cash, cash equivalents and restricted cash	33	−47	19	−24	−14
Net increase (decrease) in cash, cash equivalents and restricted cash	−195	−384	1,073	305	604

Filings

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Frequently asked questions

What is WESTLAKE CORP's CIK number?

WESTLAKE CORP's SEC CIK number is 0001262823 (1262823). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find WESTLAKE CORP's SEC filings?

All of WESTLAKE CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did WESTLAKE CORP last report earnings?

WESTLAKE CORP (WLK) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001262823-26-000019). This is WESTLAKE CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is WESTLAKE CORP's most recent earnings 8-K?

WESTLAKE CORP's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001262823-26-000019. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View WESTLAKE CORP's latest earnings 8-K →
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