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WLKWestlake Corporation
$68.42$8.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
WLK logo

Westlake Corporation

WLK
NYSE · Specialty Chemicals
$68.42
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$8.77B
P/E-5.8x
52W High$124.23
Volume504.87K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Cyclical Recovery Offsets Persistent Cash Burn

Westlake's dramatic margin recovery from a -17.3% gross margin in 2025Q4 to 19.9% in 2026Q2 signals a cyclical upturn, yet the company's cumulative FCF of -$1.2B over ten quarters and a 48% cash decline to $1.6B underscore persistent cash generation challenges...

GrowthMixed
ProfitabilityWeak
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

WLK price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-129% Peers

P/E is 129% below peer median

03

Market leadership

RS 20 · Lag

Laggard (Underperforming 80% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 4
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue rebounded to $3.3B in 2026Q2 (up 10.8% YoY) with gross margin swinging from -17.3% in 2025Q4 to 19.9%, though operating income remained negative in five of the prior six quarters.

Analyst Consensus+47.1% target
Hold(32 analysts)
7 Buy20 Hold5 Sell

The Bull Case

Upside Catalysts

Diversified industrial portfolio

Westlake operates as a global diversified industrial company, supplying essential products across housing, infrastructure, packaging, healthcare, automotive, and consumer goods sectors.

Bullish revenue growth potential

A bull case scenario driven by falling interest rates could lead to +6% 1-year revenue growth and +5% 3-year CAGR, highlighting upside potential.

Operational scale and global reach

With approximately 15,000 employees and worldwide operations, Westlake benefits from significant scale and geographic diversification.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
WLK-5.58%
S&P 500 (^GSPC)+12.39%
1-Year Return
WLK-11.49%
S&P 500 (^GSPC)+15.77%
3-Year Return
WLK-39.20%
S&P 500 (^GSPC)+75.16%
5-Year Return
WLK-11.76%
S&P 500 (^GSPC)+66.20%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-5.8x
Forward P/E
22.5x
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-5.8x
24.7x
0th· Low
EV/EBITDA
N/A
8.6x
N/A
Price/FCF
N/A
13.8x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$0.00N/A
Base (Fair)$56.86-17.7%
Bull$19.74-71.1%
$0.00 Bear$56.86 Base$19.74 Bull
Current Market Price: $68.42
Trades at a 20.3% premium to Base DCF ($56.86)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$11.17B-8.0% YoY
Net income
-$1.51B-350.5% YoY
Free cash flow
-$530M-273.2% YoY
Operating margin
-14.1%-21.3 pts YoY
ROIC (TTM)-9%
Avg ROIC 5Y-
ROE (TTM)-14.8%
Piotroski Score3 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate4/12 (33%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 4, 2026
$2.01+9.8%
vs $1.83
$3.3B+0.8%
vs $3.2B
Q2 2026
May 5, 2026
-$0.77-708.4%
vs -$0.10
$2.7B-4.8%
vs $2.8B
Q1 2026
Feb 24, 2026
-$0.25+83.0%
vs -$1.47
$2.5B-2.9%
vs $2.6B
Q4 2025
Oct 30, 2025
-$0.29-261.1%
vs $0.18
$2.8B+8.8%
vs $2.6B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·Sep 12, 2026
23,272 Shares in Westlake Corporation $WLK Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in shares of Westlake Corporation (NYSE: WLK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 23,272 shares of the specialty chemicals company's stock, valued at approximately $1,700,000. Other institutional investors and hedge

247 Wallst·Sep 9, 2026
Here Are Tuesday’s Top Wall Street Analyst Research Calls: Abercrombie & Fitch, Affirm Holdings, Eagle Materials, Klarna Group, Martin Marietta Materials, Oklo, Qualcomm, Robinhood Markets, Ulta Beauty, and More

Stocks took a beating Tuesday as surging oil prices and looming inflation data rattled every corner of the market, and now Wall Street analysts are reshuffling their calls on names ranging from nuclear energy upstart Oklo to retail giants Abercrombie and Ulta Beauty.

Defense World·Sep 5, 2026
12,289 Shares in Westlake Corporation $WLK Acquired by AlphaGrep UK Ltd

AlphaGrep UK Ltd purchased a new stake in shares of Westlake Corporation (NYSE: WLK) during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,289 shares of the specialty chemicals company's stock, valued at approximately $897,000. Several other large investors have also

Zacks Investment Research·Sep 3, 2026
Why Is Westlake (WLK) Down 3.1% Since Last Earnings Report?

Westlake (WLK) reported earnings 30 days ago. What's next for the stock?

Filtered for Westlake CorporationMore Headlines
04

Compare before deciding

Benchmark WLK against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Westlake Corporation (WLK)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
WLK logoWLKWestlake CorporationCurrent
$68.42$8.77B-5.83-8.01%-13.5%-14.83%3.08%
OLN logoOLNOlin Corporation
$16.77$1.91B-45.323.68%-2.07%-7.6%—
LYB logoLYBLyondellBasell Industries N.V.
$60.00$19.37B-25.53-25.18%-1.12%-3.33%—
HUN logoHUNHuntsman Corporation
$9.10$1.6B-5.72-5.85%-2.9%-5.8%—
EMN logoEMNEastman Chemical Company
$66.80$7.64B16.29-6.71%4.99%7.32%—
CE logoCECelanese Corporation
$48.49$5.32B-4.56-7.16%-12.04%-26.09%—

Compare WLK vs Peers

Westlake Corporation (WLK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs OLN

Most directly comparable listed peer for WLK.

Scale Benchmark

vs SHW

Larger-name benchmark to compare WLK against a more recognizable public peer.

Peer Set

Compare Top 5

vs OLN, LYB, HUN, EMN

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

WLK SEC Filings & Documents

Westlake Corporation (WLK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 4, 2026·SEC

Material company update

Jul 29, 2026·SEC

Material company update

Jun 15, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2025

Oct 31, 2025·SEC

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WLK Frequently Asked Questions

Westlake Corporation (WLK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Westlake Corporation's revenue?

Westlake Corporation (WLK) reported $11.29B in revenue for fiscal year 2025. This represents a 968% increase from $1.06B in 1999.

How fast is Westlake Corporation growing?

Westlake Corporation (WLK) saw revenue decline by 8.0% over the past year.

Is WLK profitable?

Westlake Corporation (WLK) reported a net loss of $1.24B for fiscal year 2025.

Dividend & Returns
Does WLK pay dividends?

Yes, Westlake Corporation (WLK) pays a dividend with a yield of 3.08%. This makes it attractive for income-focused investors.

What is WLK's return on equity?

Westlake Corporation (WLK) has a return on equity (ROE) of -14.8%. Negative ROE indicates the company is unprofitable.

What is Westlake Corporation's free cash flow?

Westlake Corporation (WLK) had negative free cash flow of $568.0M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in WLK back in 1999?

Total return calculator · dividends reinvested · 27+ years of data

See returns →