Tearsheet

Westlake (WLK)

Market Price (4/15/2026): $117.87 | Market Cap: $15.1 Bil
Sector: Materials | Industry: Specialty Chemicals

Westlake (WLK)

Market Price (4/15/2026): $117.87
Market Cap: $15.1 Bil
Sector: Materials
Industry: Specialty Chemicals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Low stock price volatility
Vol 12M is 48%

Megatrend and thematic drivers
Megatrends include Water Infrastructure, Advanced Materials, and Circular Economy & Recycling. Themes include Water Treatment & Delivery, Show more.

Trading close to highs
Dist 52W High is -4.4%

Weak multi-year price returns
2Y Excs Rtn is -58%, 3Y Excs Rtn is -59%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -211 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.9%

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 33x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -11%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.7%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 57%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13%

Key risks
WLK key risks include [1] a significant goodwill impairment in its Performance and Essential Materials segment and [2] substantial financial charges and operational disruption from the closure of several North American production facilities.

0	Low stock price volatility Vol 12M is 48%
1	Megatrend and thematic drivers Megatrends include Water Infrastructure, Advanced Materials, and Circular Economy & Recycling. Themes include Water Treatment & Delivery, Show more.
2	Trading close to highs Dist 52W High is -4.4%
3	Weak multi-year price returns 2Y Excs Rtn is -58%, 3Y Excs Rtn is -59%
4	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -211 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.9%
5	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 33x
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -11%
7	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.7%
8	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 57%
9	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13%
10	Key risks WLK key risks include [1] a significant goodwill impairment in its Performance and Essential Materials segment and [2] substantial financial charges and operational disruption from the closure of several North American production facilities.

Valuation, Metrics & Events

	4/15/26	2025	2024	2023	2022
Share Price CYE	$117.87	$73.94	$114.65	$139.96	$102.54
Market Cap CYE ($ Bil)	15.1	9.5	14.7	17.9	13.1
Total Debt ($ Bil)	6.4	6.4	5.4	5.5	5.4
Total Cash ($ Bil)	2.9	2.9	2.9	3.3	2.2
Enterprise Value ($ Bil)	18.6	15.9	20.1	23.4	18.5
Valuation Ratios
P/S TTM	1.4	0.8	1.2	1.4	0.8
P/EBIT TTM	-10.6	-6.6	13.4	20.7	4.2
P/E TTM	-10.0	-6.3	24.5	37.5	5.8
P/FCF TTM	-28.5	-17.9	48.2	13.8	5.7
Sector Ratios
P/S TTM (Sector)	1.8	1.6	1.3	1.4	1.1
P/EBIT TTM (Sector)	5.8	5.6	6.1	7.1	5.3
P/E TTM (Sector)	-0.5	-0.6	3.9	6.4	5.0
P/FCF TTM (Sector)	5.1	5.1	4.4	3.9	2.1

	4/15/26	2025	2024
Share Price CYE	$117.87	$73.94	$114.65
Market Cap CYE ($ Bil)	15.1	9.5	14.7
Total Debt ($ Bil)	6.4	6.4	5.4
Total Cash ($ Bil)	2.9	2.9	2.9
Enterprise Value ($ Bil)	18.6	15.9	20.1
Valuation Ratios
P/S TTM	1.4	0.8	1.2
P/EBIT TTM	-10.6	-6.6	13.4
P/E TTM	-10.0	-6.3	24.5
P/FCF TTM	-28.5	-17.9	48.2
Sector Ratios
P/S TTM (Sector)	1.8	1.6	1.3
P/EBIT TTM (Sector)	5.8	5.6	6.1
P/E TTM (Sector)	-0.5	-0.6	3.9
P/FCF TTM (Sector)	5.1	5.1	4.4

	WLK	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	11.2
Rev Chg Q	-10.9%	7.5%
Rev Chg LTM	-8.0%	6.8%
Rev Chg 3Y Avg	-10.6%	5.7%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.2
CFO LTM ($ Bil)	0.5
Net Inc LTM ($ Bil)	-1.5
Op Mgn LTM	-1.9%	18.6%
CFO/Rev LTM	4.2%	20.6%
Net Inc Mgn	-13.5%	12.8%
VALUATION	LOW
P/S	1.4	3.3
P/CFO	32.5	15.5
P/FCF	-28.5	20.1
P/E	-10.0	24.3
STABILITY	GOOD
Debt/Equity	0.42	0.21
Cash/Assets	0.15	0.07

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Metric	Value	Date	Source
Total Recordable Incident Rate (TRIR)	0.69	12312023	Link
Fatality Rate (Direct Employees)	0.0125	12312023	Link
Fatality Rate (Contract Employees)	0	12312023	Link
Number of Contract Workers in North America	3890	12312023	Link
Number of Contract Workers in Europe	190	12312023	Link
Number of Contract Workers in Asia	110	12312023	Link

Upcoming
5/01/2026	Earnings Release	Rev: $2.0 Bil (E) EPS: $-0.29 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Westlake (WLK) stock has gained about 60% since 12/31/2025 because of the following key factors:

1. Westlake's Q4 2025 earnings significantly surpassed analyst expectations, coupled with a robust 2026 profitability improvement plan. The company reported an adjusted diluted earnings per share (EPS) of -$0.25 for Q4 2025, beating the analyst consensus estimate of -$1.47 by $1.22. More critically, Westlake outlined a "Three Pillar Profitability Improvement Plan" projected to deliver approximately $600 million in annual EBITDA improvements for 2026, focusing on footprint optimization, enhanced plant reliability, and structural cost reductions. This forward-looking guidance appears to have been a key driver for investor confidence, despite a reported net loss for the full year 2025.

2. A wave of analyst upgrades and increased price targets signal strong confidence in Westlake's future performance. Since late 2025 and into early 2026, several prominent financial institutions have raised their outlook on WLK. For example, Citigroup increased its price target from $130 to $145, representing an 11.54% increase, while maintaining a "Buy" rating. UBS also raised its price target from $129 to $139, and Truist Securities increased its target from $117 to $127. This collective positive re-evaluation by analysts reflects growing optimism regarding the company's strategic initiatives and market positioning.

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Stock Movement Drivers

Fundamental Drivers

The 60.3% change in WLK stock from 12/31/2025 to 4/14/2026 was primarily driven by a 64.7% change in the company's P/S Multiple.

(LTM values as of)	12312025	4142026	Change
Stock Price ($)	73.57	117.93	60.3%
Change Contribution By:
Total Revenues ($ Mil)	11,480	11,170	-2.7%
P/S Multiple	0.8	1.4	64.7%
Shares Outstanding (Mil)	128	128	0.0%
Cumulative Contribution			60.3%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/14/2026

	Return	Correlation
WLK	60.3%
Market (SPY)	-5.4%	29.3%
Sector (XLB)	14.7%	53.6%

Fundamental Drivers

The 55.2% change in WLK stock from 9/30/2025 to 4/14/2026 was primarily driven by a 63.3% change in the company's P/S Multiple.

(LTM values as of)	9302025	4142026	Change
Stock Price ($)	76.01	117.93	55.2%
Change Contribution By:
Total Revenues ($ Mil)	11,759	11,170	-5.0%
P/S Multiple	0.8	1.4	63.3%
Shares Outstanding (Mil)	128	128	0.0%
Cumulative Contribution			55.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/14/2026

	Return	Correlation
WLK	55.2%
Market (SPY)	-2.9%	36.1%
Sector (XLB)	16.7%	59.5%

Fundamental Drivers

The 21.1% change in WLK stock from 3/31/2025 to 4/14/2026 was primarily driven by a 31.3% change in the company's P/S Multiple.

(LTM values as of)	3312025	4142026	Change
Stock Price ($)	97.39	117.93	21.1%
Change Contribution By:
Total Revenues ($ Mil)	12,142	11,170	-8.0%
P/S Multiple	1.0	1.4	31.3%
Shares Outstanding (Mil)	129	128	0.3%
Cumulative Contribution			21.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/14/2026

	Return	Correlation
WLK	21.1%
Market (SPY)	16.3%	46.3%
Sector (XLB)	22.8%	64.9%

Fundamental Drivers

The 7.6% change in WLK stock from 3/31/2023 to 4/14/2026 was primarily driven by a 53.0% change in the company's P/S Multiple.

(LTM values as of)	3312023	4142026	Change
Stock Price ($)	109.58	117.93	7.6%
Change Contribution By:
Total Revenues ($ Mil)	15,794	11,170	-29.3%
P/S Multiple	0.9	1.4	53.0%
Shares Outstanding (Mil)	128	128	-0.6%
Cumulative Contribution			7.6%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/14/2026

	Return	Correlation
WLK	7.6%
Market (SPY)	63.3%	46.7%
Sector (XLB)	36.2%	67.3%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
WLK Return	21%	7%	38%	-17%	-34%	61%	58%
Peers Return	48%	15%	10%	-17%	-30%	48%	60%
S&P 500 Return	27%	-19%	24%	23%	16%	-0%	81%
Monthly Win Rates [3]
WLK Win Rate	67%	67%	42%	42%	33%	100%
Peers Win Rate	55%	57%	47%	40%	38%	70%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
WLK Max Drawdown	-6%	-15%	-3%	-18%	-50%	0%
Peers Max Drawdown	-4%	-20%	-9%	-23%	-39%	-0%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: DOW, LYB, OLN, OXY, EMN. See WLK Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/14/2026 (YTD)

How Low Can It Go

Unique Key	Event	WLK	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-41.7%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	71.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	448 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-58.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	138.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	212 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-54.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	120.4%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	934 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-72.0%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	256.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	609 days	1,480 days

Compare to DOW, LYB, OLN, OXY, EMN

In The Past

Westlake's stock fell -41.7% during the 2022 Inflation Shock from a high on 5/4/2022. A -41.7% loss requires a 71.7% gain to breakeven.

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About Westlake (WLK)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Westlake Corporation manufactures and supplies petrochemicals, polymers, and building products worldwide. It operates through two segments, Performance and Essential Materials; and Housing and Infrastructure Products. The Performance and Essential Materials segment manufactures and markets polyethylene, styrene monomer, ethylene co-products, PVC, VCM, ethylene dichloride chlor-alkali, and chlorinated derivative products. The Housing and Infrastructure Products segment manufactures and sells residential PVC siding; PVC trim and moldings; roofing applications; decorative stone; windows; PVC decking; PVC films for various inflatables, wallcovering, tape, and roofing applications; polymer composite roof tiles; PVC pipe and fittings; PVC compounds; and various consumer and commercial products such as landscape edging; industrial, home and office matting; marine dock edging; and masonry joint controls. The company offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation is a subsidiary of TTWF LP.

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Imagine a company like Dow Chemical, but also a major manufacturer of plastic building materials for homes and infrastructure.

It's like LyondellBasell, if they also directly manufactured a comprehensive range of plastic components for the construction industry, such as siding, pipes, and roofing.

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Petrochemicals: Basic chemicals and polymers such as polyethylene, styrene monomer, ethylene, VCM, and chlor-alkali products.
PVC Resins and Compounds: Core polyvinyl chloride (PVC) materials and specialized PVC formulations for various industrial uses.
Residential Building Products: A range of finished goods including PVC siding, trim, moldings, windows, decking, and decorative stone for home construction.
Infrastructure Products: Essential PVC pipes and fittings used in water, sewer, and other utility applications.
Specialty PVC Films: Thin PVC sheets designed for diverse applications such as inflatables, wallcoverings, and roofing membranes.
Commercial & Consumer Goods: Products like landscape edging, various matting types, and marine dock edging.

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Westlake (symbol: WLK) primarily sells its products to other companies (B2B) rather than directly to individuals. The provided information describes the categories of business customers it serves, but does not name specific customer companies.

Westlake's major customers include:

Chemical processors
Plastics fabricators
Small construction contractors
Municipalities
Supply warehouses

These customers utilize Westlake's products in various consumer and industrial markets, such as residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, and coatings.

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Jean-Marc Gilson, President and Chief Executive Officer

Jean-Marc Gilson serves as the President and Chief Executive Officer of Westlake Corporation. He was elected to the company's board of directors effective February 20, 2026.

M. Steven Bender, Executive Vice President and Chief Financial Officer

M. Steven Bender has been the Executive Vice President and Chief Financial Officer of Westlake Corporation since July 2017, having joined the company in 2005. Prior to Westlake, he served as Vice President and Treasurer of KBR, Inc. from June 2002 to June 2005. From 1996 to 2002, he held the position of Assistant Treasurer for Halliburton Company and various other financial roles within that company. Additionally, Mr. Bender was employed by Texas Eastern Corporation for over a decade in audit, finance, and treasury positions. He is also a Certified Public Accountant.

Albert Y. Chao, Executive Chairman of the Board

Albert Y. Chao is the Executive Chairman of the Board of Westlake Corporation, having previously served as President and Chief Executive Officer from 2004 to July 2024. Mr. Chao, along with his father T.T. Chao and brother James Chao, co-founded Westlake Chemical Corporation in 1986. His career in the petrochemical industry spans over 40 years, including international business activities with Mobil Oil Corporation, Hercules Inc., and Gulf Oil Chemicals. He also served as Assistant to the Chairman of China General Plastics Group in Taiwan and Deputy Managing Director of a plastics fabrication operation in Singapore.

Robert F. Buesinger, Executive Vice President, Performance & Essential Materials Segment Head

Robert F. Buesinger serves as the Executive Vice President, Performance & Essential Materials Segment Head at Westlake Corporation.

L. Benjamin Ederington, Executive Vice President, Legal and External Affairs

L. Benjamin Ederington holds the position of Executive Vice President, Legal and External Affairs at Westlake Corporation.

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Here are the key risks to Westlake Corporation (WLK):

Raw Material Volatility and Supply Chain Constraints: Westlake Corporation is highly reliant on raw materials such as crude oil, natural gas, and ethane, as well as feedstocks like ethylene and chlorine. Price volatility and disruptions in the supply chain for these materials can significantly increase operating expenses and pressure profit margins.
Dependency on Economic Cycles and Global Oversupply: The company's performance is closely tied to the cyclical nature of the chemical and building products industries. Economic downturns, such as recessions or reduced housing starts due to high interest rates, can lead to decreased demand for its products. Furthermore, global oversupply in commodity chemicals, particularly PVC, exerts pressure on profit margins.
Environmental Compliance Costs and Regulatory Risks: Westlake Corporation faces increasing capital expenditures for environmental compliance and is subject to extensive environmental, health, and safety regulations. The introduction of new regulations, particularly those concerning greenhouse gas emissions and climate change, could further escalate operational costs and impact the company's financial performance.

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Westlake Corporation participates in significant addressable markets for its key products and services, both globally and within the United States.

Polyvinyl Chloride (PVC): The global polyvinyl chloride market size was estimated at USD 86.93 billion in 2024 and is projected to reach approximately USD 116.26 billion by 2034. In the U.S., the PVC market accounted for USD 19 billion in 2025. For PVC pipes and fittings, the global market size is expected to reach USD 66.87 billion by 2030, growing from USD 46.02 billion in 2025. The U.S. PVC and CPVC pipe fittings market size was valued at USD 4.94 billion in 2024 and is expected to reach approximately USD 8.72 billion by 2034.
Polyethylene: The global polyethylene market size was valued at USD 114.42 billion in 2024 and is projected to grow to USD 137.34 billion by 2032. In the U.S., the polyethylene market size was estimated at USD 23.7 billion in 2024 and is projected to be worth around USD 34 billion by 2034.
Styrene Monomer: The global styrene monomer market size was approximately USD 57.1 billion in 2023, with expectations to expand to about USD 93.4 billion by 2033. The U.S. styrene monomer market size is projected at roughly USD 17.71 billion in 2025.
Windows: The global windows and doors market size was estimated at USD 275.16 billion in 2025 and is projected to reach USD 388.16 billion by 2033. The U.S. windows and doors market generated a revenue of USD 30,757.6 million (approximately USD 30.76 billion) in 2025 and is expected to reach USD 41,181.9 million (approximately USD 41.18 billion) by 2033.

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Westlake Corporation (WLK) is expected to drive future revenue growth over the next two to three years through several key initiatives and market dynamics:

Three-Pillar Profitability Improvement Plan: Westlake anticipates a significant improvement in earnings, projected at approximately $600 million annually starting in 2026, through its three-pillar strategy. This plan focuses on footprint optimization (reducing exposure to low-priced export markets by shutting down high-cost assets), structural cost reductions across the company, and enhanced operational reliability, with each pillar expected to contribute $200 million in earnings improvement.
Recovery in the Polyethylene Market and Ethane Advantage: Analysts foresee a strong earnings recovery in Westlake's Performance and Essential Materials (PEM) segment for 2026 and 2027. This is primarily attributed to a tightening global polyethylene supply, partly due to international supply disruptions impacting global capacity, which enhances pricing power. Additionally, a widening ethane advantage is expected to contribute to this recovery.
Robust Demand in Housing and Infrastructure Products (HIP): The company projects continued strong demand for its Housing and Infrastructure Products segment, particularly for pipe and fittings, driven by growing North American infrastructure spending. Despite some headwinds from slower residential construction, the HIP segment is expected to achieve revenues between $4.4 billion and $4.6 billion in 2026, supported by healthy EBITDA margins.
Strategic International Market Expansion: Westlake is actively expanding its market reach, notably with its Westlake Epoxy business entering India through a strategic partnership. This expansion aims to capitalize on India's burgeoning demand in the coatings, adhesives, and construction sectors, which analysts view as a smart move given the region's demographic and urban development drivers, contributing to a substantial uptick in earnings for 2026-2027.

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Share Repurchases

In August 2022, Westlake authorized an additional $500 million for its existing share repurchase program, bringing the total available for future repurchases to approximately $550 million at that time.
Westlake returned approximately $325 million to shareholders in 2024, which included share repurchases and dividends, with annual share buybacks totaling $60 million.
In 2025, the company returned $335 million to shareholders through dividends and repurchases, with annual share buybacks amounting to $63 million.

Share Issuance

No significant share issuances by Westlake Corporation for capital raising purposes were identified within the last 3-5 years.

Inbound Investments

No information regarding large inbound investments made in Westlake Corporation by third-parties was identified within the last 3-5 years.

Outbound Investments

In October 2021, Westlake acquired Boral's North American building products businesses for $2.14 billion in an all-cash transaction, significantly expanding its Housing and Infrastructure Products segment.
The company acquired Hexion Inc.'s Epoxy business for $1.2 billion in February 2022, which was funded with existing cash on hand.
In January 2026, Westlake completed the acquisition of the global compounding solutions businesses of the ACI/Perplastic Group, expanding its manufacturing footprint into Portugal, Romania, and Tunisia.

Capital Expenditures

Westlake's capital expenditures were over $1 billion in 2023.
Capital expenditures totaled $241 million in 2025, with a full-year guidance for 2025 of approximately $900 million as of Q1 2025.
For 2026, capital expenditures are guided to be approximately $900 million, a reduction from the prior year's guidance, with a focus on footprint optimization, structural cost savings, improved plant reliability, and an estimated $103 million allocated for environmental compliance.

Interactive Breakdown

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[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 11%, alpha of 1.8%, and sharpe of 0.46

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	Title	Date
0	DASHBOARDS
1	Westlake Earnings Notes	12/27/2025
2	With Westlake Stock Surging, Have You Considered The Downside?	10/17/2025
3	Westlake vs Microsoft: Which Is A Better Investment?	08/18/2025
4	Westlake vs Linde: Which Is A Better Investment?	08/18/2025
5	Westlake vs Sherwin-Williams: Which Is A Better Investment?	08/18/2025
6	Is Westlake Stock Outperforming Its Rivals?	08/13/2025
7	Better Bet Than WLK Stock: Pay Less Than Westlake To Get More From UNH, MRK	08/12/2025
8	Better Bet Than WLK Stock: Pay Less Than Westlake To Get More From SCCO, AA	08/12/2025
9	ARTICLES
10	Mid Cap Stocks Trading At 52-Week High	04/07/2026

	Title
0	DASHBOARDS
1	Westlake Earnings Notes
2	With Westlake Stock Surging, Have You Considered The Downside?
3	Westlake vs Microsoft: Which Is A Better Investment?
4	Westlake vs Linde: Which Is A Better Investment?
5	Westlake vs Sherwin-Williams: Which Is A Better Investment?
6	Is Westlake Stock Outperforming Its Rivals?
7	Better Bet Than WLK Stock: Pay Less Than Westlake To Get More From UNH, MRK
8	Better Bet Than WLK Stock: Pay Less Than Westlake To Get More From SCCO, AA
9	ARTICLES
10	Mid Cap Stocks Trading At 52-Week High

Trade Ideas

Select ideas related to WLK.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
AXTA_3272026_Dip_Buyer_FCFYield	03272026	AXTA	Axalta Coating Systems	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.2%	3.2%	-0.6%
IFF_3272026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	03272026	IFF	International Flavors & Fragrances	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	2.2%	2.2%	-0.1%
IP_3132026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	03132026	IP	International Paper	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	-4.2%	-4.2%	-9.4%
ARIS_3062026_Dip_Buyer_FCFYield	03062026	ARIS	Aris Mining	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-3.9%	-3.9%	-16.7%
EMN_3062026_Dip_Buyer_FCFYield	03062026	EMN	Eastman Chemical	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	9.8%	9.8%	-6.0%
WLK_9302022_Dip_Buyer_FCFYield	09302022	WLK	Westlake	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	34.3%	45.4%	0.0%
WLK_9302018_Dip_Buyer_FCFYield	09302018	WLK	Westlake	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-17.8%	-19.9%	-31.4%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
AVNS	Avanos Medical	1.1	69.5%	119.3%
TVTX	Travere Therapeutics	3.8	37.2%	10.3%
BE	Bloom Energy	57.8	24.0%	152.1%
IONQ	IonQ	12.4	20.2%	-20.3%
CRDO	Credo Technology	29.1	18.7%	10.9%
MGTX	MeiraGTx	0.9	17.2%	42.0%
JBLU	JetBlue Airways	2.1	16.9%	23.1%
QBTS	D-Wave Quantum	6.0	15.8%	-35.1%
REPL	Replimune	0.2	14.7%	-79.9%
APLD	Applied Digital	8.7	14.0%	28.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ALLO	Allogene Therapeutics	0.5	-25.5%	66.4%
KMX	CarMax	6.1	-15.1%	7.8%
FSLY	Fastly	3.2	-14.0%	105.8%
REPX	Riley Exploration Permian	0.7	-13.4%	34.0%
ASTS	AST SpaceMobile	25.2	-10.5%	21.9%
STAA	Staar Surgical	1.2	-9.0%	5.8%
POET	POET Technologies	0.6	-8.1%	6.0%
DOCN	DigitalOcean	6.7	-8.0%	52.6%
BKSY	BlackSky Technology	1.1	-7.9%	70.9%
WTI	W&T Offshore	0.4	-7.9%	72.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
AVNS	Avanos Medical	1.1	79.9%	119.3%
CAR	Avis Budget	14.5	61.3%	220.7%
BE	Bloom Energy	57.8	61.2%	152.1%
RVMD	Revolution Medicines	28.6	52.7%	84.6%
CRDO	Credo Technology	29.1	49.4%	10.9%
LWLG	Lightwave Logic	1.7	48.8%	277.2%
AXTI	AXT	3.0	48.0%	311.6%
AEHR	Aehr Test Systems	2.2	48.0%	268.4%
ALAB	Astera Labs	28.9	43.4%	2.5%
OGN	Organon	2.3	42.2%	21.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
REPL	Replimune	0.2	-75.0%	-79.9%
FSLY	Fastly	3.2	-33.7%	105.8%
BETR	Better Home & Finance	0.5	-22.5%	6.7%
AKAM	Akamai Technologies	12.8	-22.0%	1.8%
TBN	Tamboran Resources	0.7	-21.8%	30.2%
VG	Venture Global	30.6	-21.8%	83.7%
SMPL	Simply Good Foods	1.1	-21.2%	-43.3%
OKTA	Okta	11.4	-19.2%	-25.9%
KOS	Kosmos Energy	1.2	-17.5%	175.5%
NET	Cloudflare	62.7	-17.4%	-9.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
XLO	Xilio Therapeutics	0.6	1584.0%	-4.2%
CAR	Avis Budget	14.5	308.7%	220.7%
SATL	Satellogic	1.0	145.8%	290.4%
APLS	Apellis Pharmaceuticals	5.2	115.7%	62.6%
AEHR	Aehr Test Systems	2.2	108.5%	268.4%
KOD	Kodiak Sciences	2.4	94.4%	61.2%
AVNS	Avanos Medical	1.1	79.9%	119.3%
HTZ	Hertz Global	2.2	79.7%	36.0%
KODK	Eastman Kodak	1.2	77.8%	46.5%
CBIO	Crescent Biopharma	0.6	74.6%	64.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
REPL	Replimune	0.2	-72.7%	-79.9%
VRDN	Viridian Therapeutics	1.4	-47.0%	-51.2%
MAZE	Maze Therapeutics	1.3	-44.9%	-33.2%
WVE	WAVE Life Sciences	1.3	-43.2%	-56.5%
BUR	Burford Capital	1.0	-40.5%	-47.2%
TE	T1 Energy	0.8	-36.2%	-27.2%
FRMI	Fermi	3.1	-33.7%	-34.0%
ADMA	ADMA Biologics	2.5	-30.8%	-42.5%
FIG	Figma	9.5	-29.2%	-50.7%
SAIL	SailPoint	6.2	-28.0%	-45.0%

Peer Comparisons

Peers to compare with:

Financials

	WLK	DOW	LYB	OLN	OXY	EMN	Median
Name	Westlake	Dow	Lyondell.	Olin	Occident.	Eastman .
Mkt Price	117.93	39.16	73.25	28.17	55.38	73.79	64.31
Mkt Cap	15.1	28.1	23.6	3.2	54.7	8.4	19.4
Rev LTM	11,170	39,968	30,153	6,781	21,593	8,752	16,382
Op Inc LTM	-211	158	831	39	3,722	958	494
FCF LTM	-530	-1,447	384	248	4,105	424	316
FCF 3Y Avg	359	374	1,925	431	5,298	553	492
CFO LTM	465	1,032	2,262	474	10,532	970	1,001
CFO 3Y Avg	1,372	3,047	3,674	651	11,426	1,210	2,210

Growth & Margins

	WLK	DOW	LYB	OLN	OXY	EMN	Median
Name	Westlake	Dow	Lyondell.	Olin	Occident.	Eastman .
Rev Chg LTM	-8.0%	-7.0%	-9.7%	3.7%	-1.9%	-6.7%	-6.8%
Rev Chg 3Y Avg	-10.6%	-10.8%	-14.5%	-9.2%	-14.5%	-5.9%	-10.7%
Rev Chg Q	-10.9%	-9.1%	-9.2%	-0.4%	-14.7%	-12.1%	-10.0%
QoQ Delta Rev Chg LTM	-2.7%	-2.3%	-2.3%	-0.1%	-1.4%	-3.0%	-2.3%
Op Mgn LTM	-1.9%	0.4%	2.8%	0.6%	17.2%	10.9%	1.7%
Op Mgn 3Y Avg	5.3%	3.2%	7.0%	5.8%	19.7%	12.4%	6.4%
QoQ Delta Op Mgn LTM	-2.2%	-0.8%	-1.3%	-2.9%	-0.6%	-2.2%	-1.7%
CFO/Rev LTM	4.2%	2.6%	7.5%	7.0%	48.8%	11.1%	7.2%
CFO/Rev 3Y Avg	11.2%	7.0%	11.3%	9.6%	51.3%	13.2%	11.2%
FCF/Rev LTM	-4.7%	-3.6%	1.3%	3.7%	19.0%	4.8%	2.5%
FCF/Rev 3Y Avg	2.7%	0.7%	5.8%	6.4%	23.7%	6.0%	5.9%

Valuation

	WLK	DOW	LYB	OLN	OXY	EMN	Median
Name	Westlake	Dow	Lyondell.	Olin	Occident.	Eastman .
Mkt Cap	15.1	28.1	23.6	3.2	54.7	8.4	19.4
P/S	1.4	0.7	0.8	0.5	2.5	1.0	0.9
P/EBIT	-10.6	-17.1	-103.4	117.8	13.3	10.7	0.0
P/E	-10.0	-10.7	-31.7	-31.8	23.5	17.8	-10.4
P/CFO	32.5	27.3	10.4	6.8	5.2	8.7	9.6
Total Yield	-9.1%	-4.0%	4.3%	-0.3%	4.2%	7.9%	2.0%
Dividend Yield	0.9%	5.3%	7.5%	2.9%	0.0%	2.3%	2.6%
FCF Yield 3Y Avg	1.2%	-0.7%	7.3%	9.9%	11.3%	5.8%	6.6%
D/E	0.4	0.7	0.6	1.0	0.4	0.6	0.6
Net D/E	0.2	0.6	0.5	0.9	0.4	0.5	0.5

Returns

	WLK	DOW	LYB	OLN	OXY	EMN	Median
Name	Westlake	Dow	Lyondell.	Olin	Occident.	Eastman .
1M Rtn	5.3%	6.9%	1.3%	13.9%	-4.3%	6.6%	5.9%
3M Rtn	39.4%	49.2%	52.3%	21.6%	28.5%	9.7%	34.0%
6M Rtn	53.7%	83.5%	63.5%	16.9%	32.4%	25.0%	43.0%
12M Rtn	34.4%	44.8%	39.3%	39.8%	49.3%	-2.5%	39.5%
3Y Rtn	5.7%	-17.2%	-7.4%	-46.7%	-9.6%	0.4%	-8.5%
1M Excs Rtn	0.2%	1.9%	-3.7%	8.9%	-9.4%	1.5%	0.9%
3M Excs Rtn	39.7%	49.7%	54.0%	22.2%	30.4%	9.3%	35.0%
6M Excs Rtn	51.7%	88.4%	63.5%	22.3%	26.4%	23.7%	39.1%
12M Excs Rtn	7.0%	20.9%	15.0%	16.3%	22.9%	-30.4%	15.7%
3Y Excs Rtn	-59.2%	-84.1%	-74.7%	-116.2%	-77.2%	-67.0%	-76.0%

Comparison Analyses

	Title
0	Is Westlake Stock Outperforming Its Rivals?
1	WLK Looks Stronger Than OLN With 18% Return Potential
2	VVV Could Deliver 39% Returns And Outperform WLK
3	Westlake Chemical vs. Skyworks Solutions: With Return Forecast Of 50%, Westlake Chemical Is A Better Bet
4	Westlake Chemical vs. Rollins: With Return Forecast Of 50%, Westlake Chemical Is A Better Bet
5	Westlake Chemical vs. Ubiquiti: Similar Market Cap, But Ubiquiti Is A Better Bet
6	Westlake Chemical vs. Jacobs Engineering Group: Similar Market Cap, Similar Bets
7	Westlake Chemical vs. CF Industries: Similar Market Cap, Similar Bets
8	Westlake Chemical vs. Zillow: Similar Market Cap, Similar Bets
9	Westlake Chemical vs. Booking Holdings: Similar Revenue, But Booking Holdings Is A Better Bet

FDIC Bank Data

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	2/26/2026	2/26/2026	2/25/2025	2/22/2024	2/22/2023	2/23/2022	2/24/2021
Key Financials
Total Revenue	11,170	11,170	12,142	12,548	15,794	11,778	7,504
EBITDA	-248	-248	2,211	1,962	4,179	3,693	1,246
Operating Income	-211	-211	966	1,232	3,109	2,844	479
Net Income	-1,508	-1,508	602	479	2,247	2,015	330
EPS	-11.69	-11.70	4.66	3.73	17.46	15.66	2.57
Growth Rates
Total Revenue Growth	-8.0%	-8.0%	-3.2%	-20.6%	34.1%	57.0%	-7.6%
EBITDA Growth	-111.2%	-111.2%	12.7%	-53.1%	13.2%	196.4%	-11.4%
Operating Income Growth	-121.8%	-121.8%	-21.6%	-60.4%	9.3%	493.7%	-30.9%
Net Income Growth	-350.5%	-350.5%	25.7%	-78.7%	11.5%	510.6%	-21.6%
Margins
EBITDA Margin	-2.2%	-2.2%	18.2%	15.6%	26.5%	31.4%	16.6%
Operating Income Margin	-1.9%	-1.9%	8.0%	9.8%	19.7%	24.1%	6.4%
Net Income Margin	-13.5%	-13.5%	5.0%	3.8%	14.2%	17.1%	4.4%
Cash & Debt
Total Cash	2,928	2,928	2,919	3,304	2,228	1,908	1,313
Total Debt	6,410	6,410	5,403	5,517	5,383	5,641	3,942
Net Debt / (Cash)	3,482	3,482	2,484	2,213	3,155	3,733	2,629
Cash Flows
Net Cash from Operations	465	465	1,314	2,336	3,395	2,394	1,297
Free Cash from Operations	-530	-530	306	1,302	2,287	1,736	772
Returns to Shareholders
Dividends	272	272	264	221	169	145	137
Share Repurchases	63	63	60	23	101	30	54

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	2/26/2026	10/31/2025	8/6/2025	5/2/2025	2/25/2025	11/6/2024	8/9/2024	5/2/2024	2/22/2024	11/2/2023	8/3/2023	5/4/2023
Key Financials Quarterly
Total Revenue	2,533	2,838	2,953	2,846	2,843	3,117	3,207	2,975	2,826	3,115	3,251	3,356
Ebitda	-315	-431	210	288	416	505	744	546	-235	682	690	825
Operating Income	-170	-22	6	-25	74	255	410	227	-55	349	399	539
Net Income	-544	-782	-142	-40	7	108	313	174	-497	285	297	394
EPS	-4.22	-6.06	-1.10	-0.31	0.06	0.84	2.42	1.35	-3.86	2.22	2.32	3.07
Key Financials TTM
Total Revenue TTM	11,170	11,480	11,759	12,013	12,142	12,125	12,123	12,167	12,548	13,021	13,862	15,094
Ebitda TTM	-248	483	1,419	1,953	2,211	1,560	1,737	1,683	1,962	2,816	2,938	3,704
Operating Income TTM	-211	33	310	714	966	837	931	920	1,232	1,629	1,812	2,595
Net Income TTM	-1,508	-957	-67	388	602	98	275	259	479	1,208	1,324	1,885
Growth Rates Quarterly
Total Revenue Growth	-10.9%	-9.0%	-7.9%	-4.3%	0.6%	0.1%	-1.4%	-11.4%	-14.3%	-21.3%	-27.5%	-17.3%
EBITDA Growth	-175.7%	-185.3%	-71.8%	-47.3%	277.0%	-26.0%	7.8%	-33.8%	-138.0%	-15.2%	-52.6%	-36.5%
Operating Income Growth	-329.7%	-108.6%	-98.5%	-111.0%	234.5%	-26.9%	2.8%	-57.9%	-116.1%	-34.4%	-66.2%	-48.3%
Net Income Growth	-7871.4%	-824.1%	-145.4%	-123.0%	101.4%	-62.1%	5.4%	-55.8%	-314.2%	-28.9%	-65.4%	-47.9%
Margins Quarterly
EBITDA Margin	-12.4%	-15.2%	7.1%	10.1%	14.6%	16.2%	23.2%	18.4%	-8.3%	21.9%	21.2%	24.6%
Operating Income Margin	-6.7%	-0.8%	0.2%	-0.9%	2.6%	8.2%	12.8%	7.6%	-1.9%	11.2%	12.3%	16.1%
Net Income Margin	-21.5%	-27.6%	-4.8%	-1.4%	0.2%	3.5%	9.8%	5.8%	-17.6%	9.1%	9.1%	11.7%
Cash & Debt
Total Cash	2,928	2,125	2,277	2,480	2,919	2,915	3,042	3,108	3,304	3,057	2,677	2,414
Total Debt	6,410	5,365	5,617	5,552	5,403	5,346	5,791	5,512	5,517	5,415	5,430	5,423
Net Debt / (Cash)	3,482	3,240	3,340	3,072	2,484	2,431	2,749	2,404	2,213	2,358	2,753	3,009
Cash Flows Quarterly
FCF from Operations	225	182	135	-77	434	474	237	169	573	696	555	512
Cash Flows TTM
FCF from Operations TTM	465	674	966	1,068	1,314	1,453	1,675	1,993	2,336	2,598	2,849	3,207
Returns to Shareholders Quarterly
Dividends	68	68	68	68	67	67	65	65	65	64	45	47
Share Repurchases	33	-0	-0	30	60	-0	-0	-0	-0	-0	1	22
Return on Invested Capital (ROIC) Quarterly
ROIC	-15.7%	-2.7%	0.7%	-3.3%	2.4%	27.2%	45.4%	30.0%	-8.7%	47.8%	47.2%	56.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-5.6%	1.0%	9.3%	14.8%	26.8%	17.1%	23.1%	27.5%	41.5%	55.6%	53.4%	67.9%

Segment Financials

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Performance and Essential Materials	13,151	13,538	13,978	11,938
Housing and Infrastructure Products	4,855	4,888	5,022	5,021
Corporate and other loss from operations	2,744	2,609	1,550	1,500	1,232
Olefins					1,923
Vinyls					10,680
Total	20,750	21,035	20,550	18,459	13,835

Price Behavior

Price Behavior

Market Price	$117.93
Market Cap ($ Bil)	15.1
First Trading Date	08/12/2004
Distance from 52W High	-4.4%
	50 Days	200 Days
DMA Price	$106.56	$84.35
DMA Trend	up	up
Distance from DMA	10.7%	39.8%
	3M	1YR
Volatility	51.7%	48.3%
Downside Capture	-0.20	0.47
Upside Capture	190.01	104.68
Correlation (SPY)	25.1%	31.7%

WLK Betas & Captures as of 3/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	0.79	1.17	1.27	1.38	1.26	1.15
Up Beta	0.41	1.63	2.52	2.35	1.36	1.37
Down Beta	0.53	0.94	1.48	1.60	1.36	1.13
Up Capture	209%	314%	261%	194%	113%	78%
Bmk +ve Days	7	16	27	65	139	424
Stock +ve Days	12	23	35	67	121	364
Down Capture	13%	-24%	-33%	60%	106%	103%
Bmk -ve Days	12	23	33	58	110	323
Stock -ve Days	10	19	28	59	131	387

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with WLK
WLK	39.4%	48.2%	0.84	-
Sector ETF (XLB)	35.2%	16.9%	1.61	58.9%
Equity (SPY)	24.2%	12.9%	1.49	32.4%
Gold (GLD)	53.4%	27.6%	1.55	5.0%
Commodities (DBC)	26.8%	16.2%	1.47	7.6%
Real Estate (VNQ)	18.7%	13.8%	1.00	31.8%
Bitcoin (BTCUSD)	-6.8%	42.9%	-0.05	23.0%

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Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with WLK
WLK	7.4%	36.6%	0.28	-
Sector ETF (XLB)	7.6%	18.9%	0.30	69.1%
Equity (SPY)	11.1%	17.0%	0.50	50.1%
Gold (GLD)	22.5%	17.8%	1.03	11.1%
Commodities (DBC)	11.7%	18.8%	0.51	30.2%
Real Estate (VNQ)	3.9%	18.8%	0.11	44.4%
Bitcoin (BTCUSD)	5.8%	56.5%	0.32	20.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with WLK
WLK	12.0%	39.2%	0.42	-
Sector ETF (XLB)	11.1%	20.6%	0.48	73.1%
Equity (SPY)	14.0%	17.9%	0.67	57.8%
Gold (GLD)	14.3%	15.9%	0.75	5.1%
Commodities (DBC)	8.8%	17.6%	0.42	38.3%
Real Estate (VNQ)	5.4%	20.7%	0.23	46.4%
Bitcoin (BTCUSD)	67.7%	66.9%	1.07	17.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	3312026
Short Interest: Shares Quantity	4.5 Mil
Short Interest: % Change Since 3152026	-11.4%
Average Daily Volume	1.3 Mil
Days-to-Cover Short Interest	3.5 days
Basic Shares Quantity	128.2 Mil
Short % of Basic Shares	3.5%

Returns Analyses

	Title
0	With Westlake Stock Surging, Have You Considered The Downside?
1	Westlake Stock Return Comparison
2	Westlake Chemical (WLK) Stock Return: AI Predicts WLK Average and Excess Return After a Fall or Rise

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
2/24/2026	12.0%	14.8%	23.3%
10/30/2025	-7.1%	-10.4%	-7.2%
8/5/2025	9.0%	0.8%	11.7%
2/24/2025	-0.2%	2.4%	-6.0%
11/5/2024	0.8%	-1.0%	-3.9%
8/6/2024	7.9%	6.8%	3.4%
5/1/2024	1.2%	6.2%	8.6%
2/20/2024	-7.9%	-4.7%	1.6%
...
SUMMARY STATS
# Positive	15	16	16
# Negative	8	7	7
Median Positive	3.3%	3.8%	9.3%
Median Negative	-3.2%	-1.2%	-6.0%
Max Positive	12.0%	14.8%	27.6%
Max Negative	-7.9%	-10.4%	-10.1%

	Forward Returns
2/24/2026	12.0%	14.8%	23.3%
10/30/2025	-7.1%	-10.4%	-7.2%
8/5/2025	9.0%	0.8%	11.7%
2/24/2025	-0.2%	2.4%	-6.0%
11/5/2024	0.8%	-1.0%	-3.9%
8/6/2024	7.9%	6.8%	3.4%
5/1/2024	1.2%	6.2%	8.6%
2/20/2024	-7.9%	-4.7%	1.6%
11/2/2023	4.1%	3.1%	14.5%
8/3/2023	-1.4%	-1.2%	-2.2%
5/4/2023	4.1%	2.8%	1.0%
2/21/2023	-6.4%	-1.5%	-10.1%
11/3/2022	-3.6%	1.0%	13.5%
8/2/2022	-2.8%	-1.0%	3.8%
5/3/2022	5.0%	4.6%	6.5%
2/22/2022	1.1%	2.9%	17.3%
11/2/2021	0.9%	1.7%	-9.0%
8/3/2021	2.1%	0.0%	6.9%
5/4/2021	3.3%	8.2%	10.4%
2/23/2021	-0.3%	-0.2%	-1.8%
11/3/2020	4.3%	4.9%	10.1%
8/6/2020	0.2%	6.0%	7.5%
5/4/2020	2.8%	7.8%	27.6%
SUMMARY STATS
# Positive	15	16	16
# Negative	8	7	7
Median Positive	3.3%	3.8%	9.3%
Median Negative	-3.2%	-1.2%	-6.0%
Max Positive	12.0%	14.8%	27.6%
Max Negative	-7.9%	-10.4%	-10.1%

SEC Filings

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Report Date	Filing Date	Filing
12/31/2025	02/26/2026	10-K
09/30/2025	10/31/2025	10-Q
06/30/2025	08/06/2025	10-Q
03/31/2025	05/02/2025	10-Q
12/31/2024	02/25/2025	10-K
09/30/2024	11/06/2024	10-Q
06/30/2024	08/09/2024	10-Q
03/31/2024	05/02/2024	10-Q
12/31/2023	02/22/2024	10-K
09/30/2023	11/02/2023	10-Q
06/30/2023	08/03/2023	10-Q
03/31/2023	05/04/2023	10-Q
12/31/2022	02/22/2023	10-K
09/30/2022	11/03/2022	10-Q
06/30/2022	08/03/2022	10-Q
03/31/2022	05/04/2022	10-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/24/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 EBITDA Improvement		600.00 Mil
2026 Cost Savings		200.00 Mil		0		Affirmed	Guidance: 200.00 Mil for 2026
2026 Annual Loss Reduction		100.00 Mil		0		Affirmed	Guidance: 100.00 Mil for 2026

Prior: Q3 2025 Earnings Reported 10/30/2025

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Cost Savings		200.00 Mil		0		Affirmed	Guidance: 200.00 Mil for 2026
2026 Annual Loss Reduction		100.00 Mil

Insider Activity

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Chao, Albert	Executive Chairman	Direct	Sell	12232025	73.57	40,836	3,004,373	46,182,563	Form
2	Buesinger, Robert F	EVP, PEM Segment Head	by trust	Buy	6092025	93.39	83	7,751	7,751	Form
3	Buesinger, Robert F	EVP, PEM Segment Head	by trust	Sell	6092025	72.70	83			Form
4	Bender, Mark Steven	EVP & CFO	Direct	Sell	3022026	100.92	17,409	1,756,997	4,484,384	Form
5	Bender, Mark Steven	EVP & CFO	Direct	Sell	3302026	112.53	16,413	1,847,037	3,152,668	Form

WLK Trade Sentinel

Stock Conviction

null

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing WLK?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What WLK Makes & Who Pays

TTM figures based on

WLK Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Westlake (WLK)

Market Price (4/15/2026): $117.87 | Market Cap: $15.1 BilSector: Materials | Industry: Specialty Chemicals

Westlake (WLK)

Market Price (4/15/2026): $117.87Market Cap: $15.1 BilSector: MaterialsIndustry: Specialty Chemicals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Westlake (WLK)

Interactive Breakdown

Better Bets vs. Westlake (WLK)

INDUSTRY: Specialty Chemicals

Higher Rev Chg 3Y Avg | Lower P/S (Values for WLK: -10.6% | 1.4x)

Higher Rev Chg LTM (Value for WLK: -8.0%)

Higher Rev Chg 3Y Avg (Value for WLK: -10.6%)

Higher Op Mgn LTM (Value for WLK: -1.9%)

Higher CFO/Rev LTM (Value for WLK: 4.2%)

Higher FCF/Rev LTM (Value for WLK: -4.7%)

Higher Total Yield (Value for WLK: -9.1%)

SECTOR: Materials

Higher Rev Chg 3Y Avg | Lower P/S (Values for WLK: -10.6% | 1.4x)

Higher Rev Chg LTM (Value for WLK: -8.0%)

Higher Rev Chg 3Y Avg (Value for WLK: -10.6%)

Higher Op Mgn LTM (Value for WLK: -1.9%)

Higher CFO/Rev LTM (Value for WLK: 4.2%)

Higher FCF/Rev LTM (Value for WLK: -4.7%)

Higher Total Yield (Value for WLK: -9.1%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for WLK: -10.6% | 1.4x)

Higher Rev Chg LTM (Value for WLK: -8.0%)

Higher Rev Chg 3Y Avg (Value for WLK: -10.6%)

Higher Op Mgn LTM (Value for WLK: -1.9%)

Higher CFO/Rev LTM (Value for WLK: 4.2%)

Higher FCF/Rev LTM (Value for WLK: -4.7%)

Higher Total Yield (Value for WLK: -9.1%)

Best Bets in Materials

P/EBIT (Value for WLK: -10.6x)

P/E (Value for WLK: -10.0x)

Rev Chg 3Y Avg (Value for WLK: -10.6%)

Rev Chg LTM (Value for WLK: -8.0%)

Rev Chg Q (Value for WLK: -10.9%)

FCF/Rev 3Y Avg (Value for WLK: 2.7%)

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Market Price (4/15/2026): $117.87 | Market Cap: $15.1 Bil
Sector: Materials | Industry: Specialty Chemicals

Market Price (4/15/2026): $117.87
Market Cap: $15.1 Bil
Sector: Materials
Industry: Specialty Chemicals