Westlake (WLK)
Market Price (8/29/2026): $75.76 | Market Cap: $9.7 BilSector: Materials | Industry: Specialty Chemicals
Westlake (WLK)
Market Price (8/29/2026): $75.76Market Cap: $9.7 BilSector: MaterialsIndustry: Specialty Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -37% Attractive yieldDividend Yield is 2.8% Low stock price volatilityVol 12M is 44% Megatrend and thematic driversMegatrends include Water Infrastructure, Advanced Materials, and Circular Economy & Recycling. Themes include Water Treatment & Delivery, Show more. | Weak multi-year price returns2Y Excs Rtn is -84%, 3Y Excs Rtn is -112% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.5% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.3% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14% Key risksWLK 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 becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -37% |
| Attractive yieldDividend Yield is 2.8% |
| Low stock price volatilityVol 12M is 44% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, Advanced Materials, and Circular Economy & Recycling. Themes include Water Treatment & Delivery, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -84%, 3Y Excs Rtn is -112% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.5% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2.3% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14% |
| Key risksWLK 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. |
Qualitative Assessment
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Westlake (WLK) stock has lost about 35% since 4/30/2026 because of the following key factors:
1. Weakened Outlook for Housing and Infrastructure Products (HIP) Segment.
Despite an increase in sales volume for the HIP segment, its income from operations decreased by $10 million in fiscal Q2 2026 compared to fiscal Q2 2025, primarily due to lower average sales prices and reduced margins, particularly for pipe and fittings. Management projects the HIP segment's fiscal year 2026 revenue and EBITDA margin to be at the lower end of their previously stated ranges, driven by a subdued outlook for North American residential construction activity and ongoing housing affordability constraints.
2. Persistent Global Oversupply and Pricing Pressures in Chemical Markets.
While the Performance and Essential Materials (PEM) segment experienced a strong rebound in fiscal Q2 2026 with a 14% increase in average sales price and improved margins, the company faces continued risks from global overcapacity in polyethylene and chlorovinyl chains. This oversupply, coupled with weak industrial activity, has historically created significant pricing pressure and remains a concern for future profitability.
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Westlake (WLK) stock has lost about 35% since 4/30/2026 because of the following key factors:
1. Weakened Outlook for Housing and Infrastructure Products (HIP) Segment.
Despite an increase in sales volume for the HIP segment, its income from operations decreased by $10 million in fiscal Q2 2026 compared to fiscal Q2 2025, primarily due to lower average sales prices and reduced margins, particularly for pipe and fittings. Management projects the HIP segment's fiscal year 2026 revenue and EBITDA margin to be at the lower end of their previously stated ranges, driven by a subdued outlook for North American residential construction activity and ongoing housing affordability constraints.
2. Persistent Global Oversupply and Pricing Pressures in Chemical Markets.
While the Performance and Essential Materials (PEM) segment experienced a strong rebound in fiscal Q2 2026 with a 14% increase in average sales price and improved margins, the company faces continued risks from global overcapacity in polyethylene and chlorovinyl chains. This oversupply, coupled with weak industrial activity, has historically created significant pricing pressure and remains a concern for future profitability.
3. Negative Analyst Sentiment and Price Target Reductions.
During fiscal Q2 and Q3 2026, several financial analysts revised their price targets for Westlake downwards. For instance, Morgan Stanley lowered its price objective from $106.00 to $92.00 in July 2026, and Truist Financial reduced its target from $127.00 to $104.00 in July 2026. The consensus analyst rating for WLK is currently "Hold," with an average price target of $93.92, suggesting limited upside potential from current levels.
4. Significant Insider Selling Activity.
Over the past 12 months, insiders at Westlake have collectively sold $10.2 million worth of company stock, with no corresponding buying activity. This substantial net selling by individuals closely associated with the company can indicate a lack of confidence in the stock's near-term performance or future prospects.
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Stock Movement Drivers
Fundamental Drivers
The -33.5% change in WLK stock from 4/30/2026 to 8/28/2026 was primarily driven by a -34.3% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8282026 | Change |
|---|---|---|---|
| Stock Price ($) | 113.79 | 75.71 | -33.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,170 | 11,294 | 1.1% |
| P/S Multiple | 1.3 | 0.9 | -34.3% |
| Shares Outstanding (Mil) | 128 | 128 | 0.2% |
| Cumulative Contribution | -33.5% |
Market Drivers
4/30/2026 to 8/28/2026| Return | Correlation | |
|---|---|---|
| WLK | -33.5% | |
| Market (SPY) | 7.1% | 7.5% |
| Sector (XLB) | 3.3% | 23.8% |
Fundamental Drivers
The -2.8% change in WLK stock from 1/31/2026 to 8/28/2026 was primarily driven by a -1.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 8282026 | Change |
|---|---|---|---|
| Stock Price ($) | 77.91 | 75.71 | -2.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,480 | 11,294 | -1.6% |
| P/S Multiple | 0.9 | 0.9 | -1.4% |
| Shares Outstanding (Mil) | 128 | 128 | 0.2% |
| Cumulative Contribution | -2.8% |
Market Drivers
1/31/2026 to 8/28/2026| Return | Correlation | |
|---|---|---|
| WLK | -2.8% | |
| Market (SPY) | 11.5% | 5.6% |
| Sector (XLB) | 8.4% | 34.8% |
Fundamental Drivers
The -1.3% change in WLK stock from 7/31/2025 to 8/28/2026 was primarily driven by a -6.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 8282026 | Change |
|---|---|---|---|
| Stock Price ($) | 76.72 | 75.71 | -1.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,013 | 11,294 | -6.0% |
| P/S Multiple | 0.8 | 0.9 | 4.8% |
| Shares Outstanding (Mil) | 128 | 128 | 0.2% |
| Cumulative Contribution | -1.3% |
Market Drivers
7/31/2025 to 8/28/2026| Return | Correlation | |
|---|---|---|
| WLK | -1.3% | |
| Market (SPY) | 22.7% | 20.6% |
| Sector (XLB) | 23.0% | 49.0% |
Fundamental Drivers
The -41.1% change in WLK stock from 7/31/2023 to 8/28/2026 was primarily driven by a -25.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312023 | 8282026 | Change |
|---|---|---|---|
| Stock Price ($) | 128.64 | 75.71 | -41.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,094 | 11,294 | -25.2% |
| P/S Multiple | 1.1 | 0.9 | -21.0% |
| Shares Outstanding (Mil) | 128 | 128 | -0.4% |
| Cumulative Contribution | -41.1% |
Market Drivers
7/31/2023 to 8/28/2026| Return | Correlation | |
|---|---|---|
| WLK | -41.1% | |
| Market (SPY) | 74.0% | 40.5% |
| Sector (XLB) | 31.0% | 60.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WLK Return | 21% | 7% | 38% | -17% | -34% | 2% | -0% |
| Peers Return | 48% | 15% | 10% | -17% | -30% | 26% | 36% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| WLK Win Rate | 67% | 67% | 42% | 42% | 33% | 50% | |
| Peers Win Rate | 55% | 57% | 47% | 40% | 38% | 57% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| WLK Max Drawdown | -25% | -41% | -17% | -29% | -52% | -43% | |
| Peers Max Drawdown | -25% | -35% | -22% | -32% | -43% | -32% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[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 8/28/2026 (YTD)
How Low Can It Go
| Event | WLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -37.8% | -18.8% |
| % Gain to Breakeven | 60.8% | 23.1% |
| Time to Breakeven | 283 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.7% | -9.5% |
| % Gain to Breakeven | 15.9% | 10.5% |
| Time to Breakeven | 37 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.3% | -6.7% |
| % Gain to Breakeven | 19.5% | 7.1% |
| Time to Breakeven | 42 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -15.4% | -24.5% |
| % Gain to Breakeven | 18.3% | 32.4% |
| Time to Breakeven | 29 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.4% | -33.7% |
| % Gain to Breakeven | 110.2% | 50.9% |
| Time to Breakeven | 170 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.1% | -19.2% |
| % Gain to Breakeven | 33.6% | 23.8% |
| Time to Breakeven | 701 days | 105 days |
In The Past
Westlake's stock fell -37.8% during the 2025 US Tariff Shock. Such a loss loss requires a 60.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | WLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -37.8% | -18.8% |
| % Gain to Breakeven | 60.8% | 23.1% |
| Time to Breakeven | 283 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.4% | -33.7% |
| % Gain to Breakeven | 110.2% | 50.9% |
| Time to Breakeven | 170 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.1% | -19.2% |
| % Gain to Breakeven | 33.6% | 23.8% |
| Time to Breakeven | 701 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -31.6% | -12.2% |
| % Gain to Breakeven | 46.2% | 13.9% |
| Time to Breakeven | 281 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -55.9% | -6.8% |
| % Gain to Breakeven | 126.8% | 7.3% |
| Time to Breakeven | 658 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -39.3% | -17.9% |
| % Gain to Breakeven | 64.9% | 21.8% |
| Time to Breakeven | 102 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -40.6% | -15.4% |
| % Gain to Breakeven | 68.2% | 18.2% |
| Time to Breakeven | 73 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -47.0% | -53.4% |
| % Gain to Breakeven | 88.8% | 114.4% |
| Time to Breakeven | 57 days | 1085 days |
In The Past
Westlake's stock fell -37.8% during the 2025 US Tariff Shock. Such a loss loss requires a 60.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Westlake (WLK)
Westlake Corporation (WLK) is a global manufacturer and supplier of essential materials, operating through two primary business segments. The company produces foundational petrochemicals and polymers, which serve as critical building blocks for a vast array of industrial and consumer goods. Additionally, Westlake manufactures a broad portfolio of building and infrastructure products directly used in construction and other applications.
The Performance and Essential Materials segment focuses on producing key chemicals such as polyethylene, styrene monomer, PVC (polyvinyl chloride), and chlor-alkali products. These fundamental materials are vital inputs for chemical processors and plastics fabricators across various industries. Complementing this, the Housing and Infrastructure Products segment offers finished and semi-finished goods, including residential PVC siding, windows, roofing applications, decorative stone, PVC pipe and fittings, and various consumer and commercial products like landscape edging and industrial matting.
Westlake's diverse product offerings cater to a wide range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses. Its products are integral to numerous end markets, most notably residential construction, flexible and rigid packaging, automotive products, healthcare, water treatment, and a broad spectrum of other durable and non-durable goods.
AI Analysis | Feedback
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.
AI Analysis | Feedback
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.
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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.
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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.
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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.
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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.
Peer Outperformance in Specialty Chemicals
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Copper | 7 | 114.3% | 88.9% | 310.6% | COPR 1027% · TGB 422% · HBM 378% |
| Silver | 6 | 164.4% | 304.6% | 167.4% | AYA 254% · HL 243% · SVM 201% |
| Gold | 32 | 50.6% | 194.2% | 155.5% | IAG 758% · CNL 533% · KGC 464% |
| Steel | 13 | 25.9% | 47.1% | 125.1% | AMR 511% · HCC 431% · NWPX 337% |
| Aluminum | 3 | 103.9% | 132.2% | 49.5% | CENX 276% · KALU 49% · AA 20% |
| Diversified Metals & Mining | 24 | 4.7% | -1.8% | 48.9% | ATLX 224900% · USAR 60269% · FMST 939% |
| Construction Materials | 7 | -14.0% | 27.8% | 42.5% | USLM 308% · CRH 91% · VMC 52% |
| Metal, Glass & Plastic Containers | 11 | -2.8% | 4.9% | 5.6% | KRT 173% · MYE 67% · GEF 58% |
| Precious Metals & Minerals | 9 | 46.3% | 151.7% | -6.4% | ASM 625% · PPTA 383% · ELE 114% |
| Paper & Plastic Packaging Products & Materials | 7 | 11.1% | 13.1% | -6.7% | PKG 84% · CCK 14% · SON 5% |
| Specialty Chemicals ← | 40 | 11.2% | -0.8% | -14.1% | LWLG 758% · ODC 482% · NEU 194% |
| Commodity Chemicals | 13 | 26.3% | 13.9% | -15.2% | HWKN 226% · MEOH 75% · LXU 63% |
| Diversified Chemicals | 4 | 5.6% | -28.3% | -26.4% | CBT 69% · ASH -6% · CC -47% |
| Fertilizers & Agricultural Chemicals | 10 | -6.1% | -2.3% | -36.4% | CF 209% · CTVA 100% · NTR 43% |
| Paper Products | 3 | -14.1% | -50.9% | -95.4% | CLW -36% · ITP -95% · MERC -96% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Westlake Stock Slides 19% With A 6-Day Losing Spree | 05/09/2026 | |
| Westlake Earnings Notes | 12/27/2025 | |
| With Westlake Stock Surging, Have You Considered The Downside? | 10/17/2025 | |
| Westlake vs Microsoft: Which Is A Better Investment? | 08/18/2025 | |
| Westlake vs Linde: Which Is A Better Investment? | 08/18/2025 | |
| Westlake vs Sherwin-Williams: Which Is A Better Investment? | 08/18/2025 | |
| Is Westlake Stock Outperforming Its Rivals? | 08/13/2025 | |
| Better Bet Than WLK Stock: Pay Less Than Westlake To Get More From UNH, MRK | 08/12/2025 | |
| ARTICLES | ||
| Westlake Stock Plummets -19% With 6-Day Losing Streak | 05/09/2026 | |
| Mid Cap Stocks Trading At 52-Week High | 04/07/2026 |
Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 61.39 |
| Mkt Cap | 15.1 |
| Rev LTM | 16,482 |
| Op Inc LTM | 1,200 |
| FCF LTM | 1,058 |
| FCF 3Y Avg | 528 |
| CFO LTM | 1,982 |
| CFO 3Y Avg | 2,171 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.5% |
| Rev Chg 3Y Avg | -6.0% |
| Rev Chg Q | 15.2% |
| QoQ Delta Rev Chg LTM | 4.0% |
| Op Inc Chg LTM | 1.5% |
| Op Inc Chg 3Y Avg | -5.8% |
| Op Mgn LTM | 5.5% |
| Op Mgn 3Y Avg | 5.5% |
| QoQ Delta Op Mgn LTM | 3.3% |
| CFO/Rev LTM | 9.4% |
| CFO/Rev 3Y Avg | 9.9% |
| FCF/Rev LTM | 4.5% |
| FCF/Rev 3Y Avg | 5.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 15.1 |
| P/S | 0.8 |
| P/Op Inc | 9.8 |
| P/EBIT | 0.2 |
| P/E | -8.9 |
| P/CFO | 6.6 |
| Total Yield | 1.7% |
| Dividend Yield | 4.6% |
| FCF Yield 3Y Avg | 6.2% |
| D/E | 0.7 |
| Net D/E | 0.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.5% |
| 3M Rtn | -6.1% |
| 6M Rtn | -0.4% |
| 12M Rtn | 16.8% |
| 3Y Rtn | -27.9% |
| 1M Excs Rtn | 1.2% |
| 3M Excs Rtn | -7.9% |
| 6M Excs Rtn | -12.5% |
| 12M Excs Rtn | -3.2% |
| 3Y Excs Rtn | -99.3% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Performance and Essential Materials | 6,616 | 7,341 | 7,928 | 11,916 | 9,468 |
| Housing and Infrastructure Products | 4,148 | 4,317 | 4,212 | 4,786 | 3,108 |
| Intersegment sales | 406 | 484 | 408 | -908 | -798 |
| Total | 11,170 | 12,142 | 12,548 | 15,794 | 11,778 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Housing and Infrastructure Products | 587 | 807 | 710 | 675 | 356 |
| Corporate and other loss from operations | -65 | -61 | -40 | -41 | -105 |
| Performance and Essential Materials | -2,100 | 129 | 59 | 2,416 | 2,549 |
| Total | -1,578 | 875 | 729 | 3,050 | 2,800 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Performance and Essential Materials | 12,091 | 13,151 | 13,538 | 13,538 | 11,938 |
| Housing and Infrastructure Products | 4,913 | 4,855 | 4,888 | 4,888 | 5,021 |
| Corporate and other loss from operations | 2,957 | 2,744 | 2,609 | 2,609 | 1,500 |
| Total | 19,961 | 20,750 | 21,035 | 21,035 | 18,459 |
Price Behavior
| Market Price | $75.71 | |
| Market Cap ($ Bil) | 9.7 | |
| First Trading Date | 08/12/2004 | |
| Distance from 52W High | -37.8% | |
| 50 Days | 200 Days | |
| DMA Price | $75.72 | $86.62 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -0.0% | -12.6% |
| 3M | 1YR | |
| Volatility | 39.8% | 44.6% |
| Downside Capture | 55.47 | 60.88 |
| Upside Capture | -10.48 | 35.80 |
| Correlation (SPY) | 17.3% | 19.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.29 | -0.19 | -0.35 | -0.05 | 0.62 | 0.98 |
| Up Beta | -0.02 | -0.66 | -1.35 | -0.72 | 0.34 | 1.10 |
| Down Beta | 0.93 | 0.35 | 0.53 | 0.64 | 1.21 | 1.10 |
| Up Capture | -96% | -86% | -116% | -13% | 27% | 31% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 19 | 23 | 57 | 116 | 351 |
| Down Capture | -51% | 40% | 74% | 16% | 68% | 101% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 24 | 40 | 69 | 136 | 402 |
[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 | -9.7% | 44.5% | -0.11 | - |
| Sector ETF (XLB) | 17.2% | 17.8% | 0.74 | 47.3% |
| Equity (SPY) | 20.1% | 12.8% | 1.16 | 19.1% |
| Gold (GLD) | 30.9% | 29.0% | 0.92 | 7.4% |
| Commodities (DBC) | 39.9% | 20.3% | 1.54 | 15.6% |
| Real Estate (VNQ) | 9.9% | 13.7% | 0.44 | 20.1% |
| Bitcoin (BTCUSD) | -27.5% | 43.6% | -0.61 | 17.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WLK | |
|---|---|---|---|---|
| WLK | 0.3% | 37.4% | 0.09 | - |
| Sector ETF (XLB) | 6.9% | 19.1% | 0.25 | 64.4% |
| Equity (SPY) | 13.1% | 17.2% | 0.59 | 46.2% |
| Gold (GLD) | 19.7% | 18.7% | 0.85 | 9.6% |
| Commodities (DBC) | 11.5% | 19.6% | 0.46 | 26.7% |
| Real Estate (VNQ) | 2.0% | 18.9% | 0.00 | 42.4% |
| Bitcoin (BTCUSD) | 10.4% | 52.6% | 0.38 | 21.7% |
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 | 6.0% | 39.5% | 0.27 | - |
| Sector ETF (XLB) | 10.2% | 20.7% | 0.44 | 71.3% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 55.9% |
| Gold (GLD) | 12.2% | 16.3% | 0.61 | 5.5% |
| Commodities (DBC) | 7.3% | 18.0% | 0.33 | 36.2% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 46.1% |
| Bitcoin (BTCUSD) | 64.0% | 66.1% | 1.04 | 17.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 8/13/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | 15.4% | 13.2% | |
| 5/5/2026 | -8.8% | -15.1% | -24.3% |
| 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% |
| 5/2/2025 | -13.5% | -12.8% | -23.8% |
| 2/24/2025 | -0.2% | 2.4% | -6.0% |
| 11/5/2024 | 0.8% | -1.0% | -3.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 16 | 15 |
| # Negative | 10 | 9 | 9 |
| Median Positive | 4.1% | 3.8% | 8.6% |
| Median Negative | -5.0% | -1.5% | -7.2% |
| Max Positive | 15.4% | 14.8% | 23.3% |
| Max Negative | -13.5% | -15.1% | -24.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | 15.4% | 13.2% | |
| 5/5/2026 | -8.8% | -15.1% | -24.3% |
| 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% |
| 5/2/2025 | -13.5% | -12.8% | -23.8% |
| 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% |
| SUMMARY STATS | |||
| # Positive | 15 | 16 | 15 |
| # Negative | 10 | 9 | 9 |
| Median Positive | 4.1% | 3.8% | 8.6% |
| Median Negative | -5.0% | -1.5% | -7.2% |
| Max Positive | 15.4% | 14.8% | 23.3% |
| Max Negative | -13.5% | -15.1% | -24.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 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 |
| 12/31/2021 | 02/23/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 02/24/2021 | 10-K |
| 09/30/2020 | 11/04/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 02/19/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
Insider Activity
Updated 8/10/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bender, Mark Steven | EVP & CFO | Direct | Sell | 3302026 | 112.53 | 16,413 | 1,847,037 | 3,152,668 | Form |
| 2 | Bender, Mark Steven | EVP & CFO | Direct | Sell | 3022026 | 100.92 | 17,409 | 1,756,997 | 4,484,384 | Form |
| 3 | Chao, Albert | Executive Chairman | Direct | Sell | 12232025 | 73.57 | 40,836 | 3,004,373 | 46,182,563 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bender, Mark Steven | EVP & CFO | Direct | Sell | 3302026 | 112.53 | 16,413 | 1,847,037 | 3,152,668 | Form |
| 2 | Bender, Mark Steven | EVP & CFO | Direct | Sell | 3022026 | 100.92 | 17,409 | 1,756,997 | 4,484,384 | Form |
| 3 | Chao, Albert | Executive Chairman | Direct | Sell | 12232025 | 73.57 | 40,836 | 3,004,373 | 46,182,563 | Form |
Investor Activity (13F)
Updated Aug 29, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Specialty Chemicals Resources |
| SpecialChem |
| Chemical Week |
| ICIS |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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