Westlake (WLK) Debt to Equity (2010 - 2026)

Westlake (WLK) recorded quarterly Debt to Equity of $0.62 in Q1 2026, down 3.11% quarter-over-quarter from $0.64 in Q4 2025, and up 46.49% on a YoY basis from $0.42 in Q1 2025.

Westlake (WLK) Debt to Equity (2010 - 2026) Analysis & Trends

Westlake's Debt to Equity history runs 17 years deep, the most recent figure standing at $0.62 for Q1 2026.

  • In Q1 2026, Debt to Equity rose 46.49% year-over-year to $0.62; the TTM figure through Mar 2026 stood at $0.62 (up 46.49% YoY), while the FY2025 annual figure was $0.64, up 53.74% from the prior year.
  • Debt to Equity was $0.62 for Q1 2026 at Westlake, down from $0.64 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.64 in Q4 2025 to a low of $0.41 in Q3 2024.
  • Historically, Debt to Equity has averaged $0.48 across 5 years, with a median of $0.45 in 2023.
  • The sharpest annual moves came in 2022 and 2025: Debt to Equity retreated 28.38% in 2022, then soared 53.74% in 2025.
  • A 5-year view of Debt to Equity shows it stood at $0.47 in 2022, then fell by 2.24% to $0.46 in 2023, then retreated by 9.36% to $0.41 in 2024, then jumped by 53.74% to $0.64 in 2025, then declined by 3.11% to $0.62 in 2026.
  • The last three Debt to Equity figures came in at $0.62 (Q1 2026), $0.64 (Q4 2025), and $0.49 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Linde 237.64 Bn 233.69 Bn 4.26 Bn 0.62
2 Chemical & Mining Co Of Chile 127.66 Bn 124.93 Bn 778.60 Mn 0.58
3 Sherwin Williams 78.87 Bn 78.66 Bn 2.78 Bn 2.10
4 Ecolab 76.59 Bn 75.97 Bn 1.85 Bn 0.84
5 Air Products & Chemicals 62.39 Bn 63.94 Bn 987.40 Mn 1.11
6 Ppg Industries 26.44 Bn 24.97 Bn 1.66 Bn 0.87
7 International Flavors & Fragrances 19.67 Bn 19.14 Bn 1.02 Bn 0.41
8 DuPont de Nemours 19.57 Bn 19.68 Bn 602.00 Mn 0.22
9 LyondellBasell Industries 19.28 Bn 19.39 Bn 701.00 Mn 1.26
10 Westlake 10.27 Bn 8.30 Bn 112.00 Mn 0.62

Historic Data

Download Data
DateValue
Mar 31, 2026 0.62
Dec 31, 2025 0.64
Sep 30, 2025 0.49
Jun 30, 2025 0.43
Mar 31, 2025 0.42
Dec 31, 2024 0.41
Sep 30, 2024 0.41
Jun 30, 2024 0.44
Mar 31, 2024 0.45
Dec 31, 2023 0.46
Sep 30, 2023 0.43
Jun 30, 2023 0.44
Mar 31, 2023 0.45
Dec 31, 2022 0.47
Sep 30, 2022 0.47
Jun 30, 2022 0.49
Mar 31, 2022 0.56
Dec 31, 2021 0.61
Sep 30, 2021 0.66
Jun 30, 2021 0.48