WLKP
Westlake Chemical Partners LP
Chemicals
Market Cap$827M
5Y Perf.+14.4%
Compare Stocks
2 / 10Try these comparisons:
Stock Comparison
WLKP vs WLK
Revenue, margins, valuation, and 5-year total return — side by side.
WLK
Westlake Corporation
Chemicals - Specialty
Market Cap$12.77B
5Y Perf.+109.1%
WLKP vs WLK — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | WLKP | WLK |
|---|---|---|
| Industry | Chemicals | Chemicals - Specialty |
| Market Cap | $827M | $12.77B |
| Revenue (TTM) | $1.23B | $10.98B |
| Net Income (TTM) | $195M | $-1.64B |
| Gross Margin | 31.4% | 1.5% |
| Operating Margin | 29.1% | -15.5% |
| Forward P/E | 12.5x | 26.7x |
| Total Debt | $400M | $6.44B |
| Cash & Equiv. | $44M | $2.72B |
WLKP vs WLK — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
WLKP
WLK
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Westlake Chemical P… (WLKP) | 100 | 114.4 | +14.4% |
| Westlake Corporation (WLK) | 100 | 209.1 | +109.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: WLKP vs WLK
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: WLKP leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Westlake Corporation is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
WLKP
Westlake Chemical Partners LP
The Income Pick
WLKP carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.26, yield 8.0%
- Rev growth 2.7%, EPS growth 378.5%, 3Y rev CAGR -9.9%
- Lower volatility, beta 0.26, Low D/E 49.8%, current ratio 2.80x
Best for: income & stability and growth exposure
WLK
Westlake Corporation
The Long-Run Compounder
WLK is the clearest fit if your priority is long-term compounding.
- 138.6% 10Y total return vs WLKP's 98.8%
- +29.2% vs WLKP's +10.1%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | WLKP | 2.7% revenue growth vs WLK's -8.0% |
| Value | WLKP | Lower P/E (12.5x vs 26.7x) |
| Quality / Margins | WLKP | 15.8% margin vs WLK's -14.9% |
| Stability / Safety | WLKP | Beta 0.26 vs WLK's 1.06, lower leverage |
| Dividends | WLKP | 8.0% yield, 1-year raise streak, vs WLK's 2.1% |
| Momentum (1Y) | WLK | +29.2% vs WLKP's +10.1% |
| Efficiency (ROA) | WLKP | 15.4% ROA vs WLK's -8.2%, ROIC 20.6% vs -9.0% |
WLKP vs WLK — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2020
FY 2025
WLKP vs WLK — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLWLKPLAGGINGWLK
WLKWestlake Corporation
0leads
WLKPWestlake Chemical Par…
4leads
6 Total Categories
CATEGORYLEADERvs WLKMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
WLKP6/6
Valuation MetricsMultiples, price ratios, and targets
WLKP3/4
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
WLKP9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
WLKP2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
WLKP leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
WLK is the larger business by revenue, generating $11.0B annually — 8.9x WLKP's $1.2B. WLKP is the more profitable business, keeping 15.8% of every revenue dollar as net income compared to WLK's -14.9%. On growth, WLKP holds the edge at +28.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | WLKPWestlake Chemical… | WLKWestlake Corporat… |
|---|---|---|
| RevenueTrailing 12 months | $1.2B | $11.0B |
| EBITDAEarnings before interest/tax | $466M | -$462M |
| Net IncomeAfter-tax profit | $195M | -$1.6B |
| Free Cash FlowCash after capex | $276M | -$508M |
| Gross MarginGross profit ÷ Revenue | +31.4% | +1.5% |
| Operating MarginEBIT ÷ Revenue | +29.1% | -15.5% |
| Net MarginNet income ÷ Revenue | +15.8% | -14.9% |
| FCF MarginFCF ÷ Revenue | +22.4% | -4.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +28.6% | -6.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +185.7% | -3.2% |
WLKP leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
WLKP leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
| Metric | WLKPWestlake Chemical… | WLKWestlake Corporat… |
|---|---|---|
| Market CapShares × price | $827M | $12.8B |
| Enterprise ValueMkt cap + debt − cash | $1.2B | $16.5B |
| Trailing P/EPrice ÷ TTM EPS | 2.77x | -8.50x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.47x | 26.71x |
| PEG RatioP/E ÷ EPS growth rate | 0.08x | — |
| EV / EBITDAEnterprise value multiple | 2.64x | — |
| Price / SalesMarket cap ÷ Revenue | 0.71x | 1.14x |
| Price / BookPrice ÷ Book value/share | 1.03x | 1.38x |
| Price / FCFMarket cap ÷ FCF | 4.10x | — |
WLKP leads this category, winning 3 of 4 comparable metrics.
Profitability & Efficiency
WLKP leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
WLKP delivers a 24.1% return on equity — every $100 of shareholder capital generates $24 in annual profit, vs $-17 for WLK. WLKP carries lower financial leverage with a 0.50x debt-to-equity ratio, signaling a more conservative balance sheet compared to WLK's 0.69x. On the Piotroski fundamental quality scale (0–9), WLKP scores 5/9 vs WLK's 3/9, reflecting solid financial health.
| Metric | WLKPWestlake Chemical… | WLKWestlake Corporat… |
|---|---|---|
| ROE (TTM)Return on equity | +24.1% | -16.8% |
| ROA (TTM)Return on assets | +15.4% | -8.2% |
| ROICReturn on invested capital | +20.6% | -9.0% |
| ROCEReturn on capital employed | +26.2% | -8.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 3 |
| Debt / EquityFinancial leverage | 0.50x | 0.69x |
| Net DebtTotal debt minus cash | $355M | $3.7B |
| Cash & Equiv.Liquid assets | $44M | $2.7B |
| Total DebtShort + long-term debt | $400M | $6.4B |
| Interest CoverageEBIT ÷ Interest expense | 10.26x | -24.17x |
WLKP leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — WLKP and WLK each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WLKP five years ago would be worth $12,128 today (with dividends reinvested), compared to $10,590 for WLK. Over the past 12 months, WLK leads with a +29.2% total return vs WLKP's +10.1%. The 3-year compound annual growth rate (CAGR) favors WLKP at 10.2% vs WLK's -3.7% — a key indicator of consistent wealth creation.
| Metric | WLKPWestlake Chemical… | WLKWestlake Corporat… |
|---|---|---|
| YTD ReturnYear-to-date | +26.2% | +35.2% |
| 1-Year ReturnPast 12 months | +10.1% | +29.2% |
| 3-Year ReturnCumulative with dividends | +33.9% | -10.8% |
| 5-Year ReturnCumulative with dividends | +21.3% | +5.9% |
| 10-Year ReturnCumulative with dividends | +98.8% | +138.6% |
| CAGR (3Y)Annualised 3-year return | +10.2% | -3.7% |
Evenly matched — WLKP and WLK each lead in 3 of 6 comparable metrics.
Risk & Volatility
WLKP leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
WLKP is the less volatile stock with a 0.26 beta — it tends to amplify market swings less than WLK's 1.06 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WLKP currently trades 99.4% from its 52-week high vs WLK's 80.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | WLKPWestlake Chemical… | WLKWestlake Corporat… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.26x | 1.06x |
| 52-Week HighHighest price in past year | $23.60 | $124.23 |
| 52-Week LowLowest price in past year | $17.75 | $56.33 |
| % of 52W HighCurrent price vs 52-week peak | +99.4% | +80.3% |
| RSI (14)Momentum oscillator 0–100 | 51.8 | 37.3 |
| Avg Volume (50D)Average daily shares traded | 32K | 1.2M |
WLKP leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — WLKP and WLK each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates WLKP as "Hold" and WLK as "Hold". Consensus price targets imply 23.7% upside for WLKP (target: $29) vs 2.2% for WLK (target: $102). For income investors, WLKP offers the higher dividend yield at 8.04% vs WLK's 2.12%.
| Metric | WLKPWestlake Chemical… | WLKWestlake Corporat… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $29.00 | $101.88 |
| # AnalystsCovering analysts | 10 | 32 |
| Dividend YieldAnnual dividend ÷ price | +8.0% | +2.1% |
| Dividend StreakConsecutive years of raises | 1 | 12 |
| Dividend / ShareAnnual DPS | $1.89 | $2.11 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.5% |
Evenly matched — WLKP and WLK each lead in 1 of 2 comparable metrics.
Key Takeaway
WLKP leads in 4 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 2 categories are tied.
Best OverallWestlake Chemical Partners … (WLKP)Leads 4 of 6 categories
Loading custom metrics...
WLKP vs WLK: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is WLKP or WLK a better buy right now?
For growth investors, Westlake Chemical Partners LP (WLKP) is the stronger pick with 2.
7% revenue growth year-over-year, versus -8. 0% for Westlake Corporation (WLK). Westlake Chemical Partners LP (WLKP) offers the better valuation at 2. 8x trailing P/E (12. 5x forward), making it the more compelling value choice. Analysts rate Westlake Chemical Partners LP (WLKP) a "Hold" — based on 10 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — WLKP or WLK?
On forward P/E, Westlake Chemical Partners LP is actually cheaper at 12.
5x.
03Which is the better long-term investment — WLKP or WLK?
Over the past 5 years, Westlake Chemical Partners LP (WLKP) delivered a total return of +21.
3%, compared to +5. 9% for Westlake Corporation (WLK). Over 10 years, the gap is even starker: WLK returned +138. 6% versus WLKP's +98. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — WLKP or WLK?
By beta (market sensitivity over 5 years), Westlake Chemical Partners LP (WLKP) is the lower-risk stock at 0.
26β versus Westlake Corporation's 1. 06β — meaning WLK is approximately 306% more volatile than WLKP relative to the S&P 500. On balance sheet safety, Westlake Chemical Partners LP (WLKP) carries a lower debt/equity ratio of 50% versus 69% for Westlake Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — WLKP or WLK?
By revenue growth (latest reported year), Westlake Chemical Partners LP (WLKP) is pulling ahead at 2.
7% versus -8. 0% for Westlake Corporation (WLK). On earnings-per-share growth, the picture is similar: Westlake Chemical Partners LP grew EPS 378. 5% year-over-year, compared to -352. 8% for Westlake Corporation. Over a 3-year CAGR, WLKP leads at -9. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — WLKP or WLK?
Westlake Chemical Partners LP (WLKP) is the more profitable company, earning 25.
6% net margin versus -13. 5% for Westlake Corporation — meaning it keeps 25. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WLKP leads at 27. 4% versus -14. 1% for WLK. At the gross margin level — before operating expenses — WLKP leads at 29. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is WLKP or WLK more undervalued right now?
On forward earnings alone, Westlake Chemical Partners LP (WLKP) trades at 12.
5x forward P/E versus 26. 7x for Westlake Corporation — 14. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WLKP: 23. 7% to $29. 00.
08Which pays a better dividend — WLKP or WLK?
All stocks in this comparison pay dividends.
Westlake Chemical Partners LP (WLKP) offers the highest yield at 8. 0%, versus 2. 1% for Westlake Corporation (WLK).
09Is WLKP or WLK better for a retirement portfolio?
For long-horizon retirement investors, Westlake Chemical Partners LP (WLKP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
26), 8. 0% yield). Both have compounded well over 10 years (WLKP: +98. 8%, WLK: +138. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between WLKP and WLK?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: WLKP is a small-cap deep-value stock; WLK is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
Revenue Growth>
%
(WLKP: 28.6% · WLK: -6.8%)You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.