Westlake Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.17B | $12.14B | $12.55B | $15.79B | $11.78B | $7.50B | $8.12B | $8.64B |
| Cost of Revenue | $10.36B | $10.19B | $10.33B | $11.72B | $8.28B | $6.48B | $6.86B | $6.65B |
| Gross Profit | $813.0M | $1.96B | $2.22B | $4.07B | $3.50B | $1.02B | $1.26B | $1.99B |
| Gross Margin | 7.3% | 16.1% | 17.7% | 25.8% | 29.7% | 13.6% | 15.5% | 23.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $900.0M | $874.0M | $865.0M | $835.0M | $551.0M | $449.0M | $458.0M | $445.0M |
| Operating Income | $-1.58B | $875.0M | $729.0M | $3.05B | $2.80B | $429.0M | $656.0M | $1.41B |
| Operating Margin | -14.1% | 7.2% | 5.8% | 19.3% | 23.8% | 5.7% | 8.1% | 16.3% |
| Interest Expense | — | — | $165.0M | $177.0M | $176.0M | $142.0M | $124.0M | $126.0M |
| Pretax Income | $-1.60B | $938.0M | $700.0M | $2.95B | $2.68B | $331.0M | $570.0M | $1.33B |
| Income Tax Expense | $-126.0M | $291.0M | $178.0M | $649.0M | $607.0M | $-42.0M | $108.0M | $300.0M |
| Net Income | $-1.51B | $602.0M | $479.0M | $2.25B | $2.02B | $330.0M | $421.0M | $996.0M |
| Net Margin | -13.5% | 5.0% | 3.8% | 14.2% | 17.1% | 4.4% | 5.2% | 11.5% |
| EPS (Basic) | $-11.70 | $4.66 | $3.73 | $17.46 | $15.66 | $2.57 | $3.26 | $7.66 |
| EPS (Diluted) | $-11.70 | $4.64 | $3.70 | $17.34 | $15.58 | $2.56 | $3.25 | $7.62 |
| Shares Outstanding (Basic) | 128.3M | 128.5M | 127.8M | 128.0M | 128.0M | 127.9M | 128.4M | 129.4M |
| Shares Outstanding (Diluted) | 128.3M | 129.2M | 128.6M | 128.8M | 128.7M | 128.1M | 128.8M | 130.0M |
| Dividends Per Share | $2.11 | $2.05 | $1.71 | $1.31 | $1.14 | $1.07 | $1.03 | $0.92 |