WLKP · CIK 0001604665
Westlake Chemical Partners LP
Annual figures as reported, FY2014–FY2025. Ratios and growth rates derived on-page.
Industrial Organic Chemicals
Company profile
Revenue
$1.2B
▲ +2.7% vs FY2024
Net income
$48.7M
▼ −21.9% vs FY2024
Free cash flow
$201.7M
▼ −53.8% vs FY2024
Total assets
$1.3B
▼ −2.4% vs FY2024
Revenue
Annual, as reported
Net income
Annual, as reported
Recent quarters
momentum · last 12 quartersRevenue — Mar ’26 quarter
$305.7M
▲ +28.6% vs Mar ’25
Net income — Mar ’26 quarter
$14.2M
▲ +186.4% vs Mar ’25
Revenue — trailing 12 months
$1.2B
▲ +13.4% vs Mar ’25
Quarterly revenue
Discrete quarters; Q4 derived from the annual figure
Quarterly net income
Discrete quarters; Q4 derived from the annual figure
| Quarter | Revenue | Rev. YoY | Gross margin | Net income | Net margin | Diluted EPS |
|---|---|---|---|---|---|---|
| Mar ’26 | $305.7M | 28.6% | 30.7% | $14.2M | 4.6% | — |
| Dec ’25 | $323.0M | 11.4% | 30.0% | $14.5M | 4.5% | — |
| Sep ’25 | $308.9M | 11.5% | 32.2% | $14.7M | 4.7% | — |
| Jun ’25 | $297.1M | 4.6% | 32.8% | $14.6M | 4.9% | — |
| Mar ’25 | $237.6M | −16.5% | 22.8% | $4.9M | 2.1% | — |
| Dec ’24 | $290.1M | −47.7% | 34.0% | $15.0M | 5.2% | — |
| Sep ’24 | $277.0M | −13.9% | 42.2% | $18.1M | 6.5% | — |
| Jun ’24 | $284.2M | 7.6% | 35.6% | $14.4M | 5.1% | — |
Profitability & returns
quality of earningsMargins
Share of revenue kept at each line
Gross marginOperating marginNet margin
Returns on capital
Net income vs year-end equity and assets
Cash flow
cash generationFree cash flow
Operating cash flow less capital expenditure
Operating cash flow
Net cash from operations
Growth rates
compounding, annualizedRevenue CAGR
+67.1%
3y
+71.6%
5y
+1.5%
10y
Net income CAGR
−8.8%
3y
−5.9%
5y
+2.0%
10y
Free cash flow CAGR
−21.0%
3y
−9.7%
5y
−0.9%
10y
Key ratios
derived per fiscal year| Fiscal year | Gross margin | Op. margin | Net margin | FCF margin | ROA | Current ratio |
|---|---|---|---|---|---|---|
| FY2025 | 29.8% | 27.4% | 4.2% | 17.3% | 3.9% | 2.80× |
| FY2024 | 36.9% | 34.4% | 5.5% | 38.4% | 4.8% | 4.35× |
| FY2023 | 32.5% | 30.0% | 4.6% | 34.0% | 4.1% | 4.02× |
| FY2022 | 150.8% | 138.9% | 25.6% | 163.7% | 4.7% | 3.67× |
| FY2021 | 234.6% | 218.1% | 43.8% | 173.8% | 5.6% | 2.63× |
| FY2020 | 483.1% | 450.1% | 84.4% | 429.0% | 4.9% | 6.62× |
| FY2019 | 246.0% | 227.0% | 39.5% | 263.9% | 4.4% | 6.14× |
| FY2018 | 29.3% | 27.2% | 3.8% | 30.8% | 3.4% | 5.07× |
| FY2017 | 34.4% | 31.9% | 4.1% | 39.9% | 3.2% | 5.75× |
| FY2016 | 39.7% | 37.1% | 4.1% | −1.2% | 2.6% | 6.15× |
| FY2015 | 38.0% | 35.7% | 4.0% | 22.0% | 3.1% | 3.90× |
| FY2014 | 42.6% | 41.0% | 0.8% | 22.9% | 1.2% | 6.15× |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | $1.2B | $347.8M | $319.6M | $48.7M | — | $280.5M | $78.8M | $1.3B | $454.2M | — | $44.3M | — |
| FY2024 | $1.1B | $418.9M | $390.4M | $62.4M | — | $485.0M | $49.0M | $1.3B | $458.6M | — | $58.3M | — |
| FY2023 | $1.2B | $387.5M | $357.7M | $54.3M | — | $452.0M | $46.8M | $1.3B | $460.6M | — | $58.6M | — |
| FY2022 | $250.2M | $377.4M | $347.7M | $64.2M | — | $463.7M | $54.1M | $1.4B | $468.3M | — | $64.8M | — |
| FY2021 | $188.3M | $441.7M | $410.7M | $82.5M | — | $408.4M | $81.2M | $1.5B | $508.0M | — | $17.1M | — |
| FY2020 | $78.4M | $378.9M | $353.0M | $66.2M | — | $373.4M | $37.0M | $1.4B | $441.4M | — | $17.2M | — |
| FY2019 | $154.2M | $379.4M | $350.1M | $61.0M | — | $450.8M | $43.7M | $1.4B | $441.3M | — | $19.9M | — |
| FY2018 | $1.3B | $377.2M | $349.6M | $49.3M | — | $436.2M | $39.9M | $1.5B | $528.0M | — | $19.7M | — |
| FY2017 | $1.2B | $403.7M | $374.4M | $48.7M | — | $537.4M | $68.9M | $1.5B | $516.5M | — | $27.0M | — |
| FY2016 | $986.7M | $391.3M | $366.4M | $40.9M | — | $287.7M | $299.6M | $1.6B | $634.3M | — | $88.9M | — |
| FY2015 | $1.0B | $382.9M | $359.3M | $39.8M | — | $452.5M | $231.2M | $1.3B | $443.2M | — | $169.6M | — |
| FY2014 | $1.7B | $745.8M | $716.6M | $13.6M | — | $604.0M | $202.8M | $1.1B | $261.5M | — | $133.8M | — |
Latest filings
the most recent regulatory filings3Insider ownership filing2026-06-15 ↗10-QQuarterly report2026-05-06 ↗8-KCurrent report — material event2026-05-05 ↗8-KCurrent report — material event2026-04-20 ↗EFFECTSEC filing2026-03-11 ↗CORRESPSEC filing2026-03-09 ↗UPLOADSEC filing2026-03-09 ↗10-KAnnual report2026-03-04 ↗S-3Securities registration2026-03-04 ↗8-KCurrent report — material event2026-02-24 ↗
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