WLK WESTLAKE CORP

Overview and Growth

In fiscal 2025, WESTLAKE CORP recorded $11.17B of revenue, net loss of $1.51B, and an operating cash inflow of $465.00M. Revenue of $11.17B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $12.14B in fiscal 2024, revenue decreased 8.0%, a top-line contraction that reduced operating scale. The company reported diluted EPS of -$11.70, adding a shareholder-level measure to the absolute income figures considered below. Diluted EPS decreased by 352.2% from $4.64 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. The revenue-to-assets relationship was 0.56x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $813.00M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross margin was 7.3%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced a $1.58B operating loss before non-operating and tax effects. The operating loss equaled 14.1% of revenue, showing the scale of the operating deficit relative to sales. The bottom-line result was a net loss of $1.51B after operating, financing, tax, and other recognized items. The net loss equaled 13.5% of revenue, showing the bottom-line deficit relative to the company’s sales base. The pretax result was a loss of $1.60B, establishing the deficit before tax effects. Pretax margin was -14.3%, reflecting a pre-tax loss equal to 14.3% of revenue. The company recognized an income-tax benefit of $126.00M, increasing after-tax earnings relative to the pretax result. The net loss equaled 16.2% of period-end equity, showing the deficit relative to book capital. The net loss equaled 7.6% of period-end assets, showing the deficit relative to the asset base.

Liquidity and Capital Structure

At period end, the $19.96B asset base was financed through $10.67B of liabilities and $9.29B of equity. At period end, current assets of $6.22B compared with current liabilities of $2.77B, defining the company’s short-term resource position. Current assets covered current liabilities by 2.24x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $2.72B, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 98.3%, excluding receivables and other current assets. Total debt was $5.58B, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 0.6x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 28.0%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 53.4%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 13.6%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 3.8% lower than fiscal 2024 assets of $20.75B, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

Cash flow from operations was $465.00M, a reported cash inflow that can be compared directly with net income and capital spending. Capital spending was $995.00M, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 214.0%, connecting investment intensity with the company’s cash-generation base. Operating cash flow and capital spending combined to leave a $530.00M cash deficit after capital spending. The free-cash-flow deficit equaled 4.7% of revenue, showing the post-investment cash shortfall relative to sales. The free-cash-flow deficit equaled 2.7% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.