Westlake (WLK) Gross Margin (2010 - 2026)
Westlake's (WLK) quarterly Gross Margin came in at 4.22% in Q1 2026, down 393.0% year-on-year from 1.44% in Q1 2025, and up 22.96% quarter-over-quarter from 3.43% in Q4 2025.
Westlake (WLK) Gross Margin (2010 - 2026) Analysis & Trends
Westlake's Gross Margin history runs 17 years deep, the most recent figure standing at 4.22% for Q1 2026.
- On a quarterly basis, Gross Margin fell 393.0% year-over-year to 4.22% in Q1 2026; TTM through Mar 2026 was 6.31%, a 803.0% decrease from a year earlier, with the FY2025 full-year figure at 7.28%, down 884.0% from the prior year.
- Gross Margin advanced to 4.22% in Q1 2026 per WLK's latest filing, from 3.43% in the prior quarter.
- Across five years, Gross Margin topped out at 32.23% in Q2 2022 and bottomed at 3.43% in Q4 2025.
- The 5-year median for Gross Margin is 16.01% (2024), against an average of 15.69%.
- Biggest YoY gain for Gross Margin was 1009 bps in 2022; the steepest drop was 1406 bps in 2022.
- Year by year, Gross Margin stood at 17.19% in 2022, then slumped by 59 bps to 7.04% in 2023, then surged by 64 bps to 11.54% in 2024, then tumbled by 70 bps to 3.43% in 2025, then rose by 23 bps to 4.22% in 2026.
- Per Business Quant, the three latest WLK Gross Margin figures stand at 4.22% (Q1 2026), 3.43% (Q4 2025), and 8.32% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 234.96 Bn | 231.01 Bn | 4.26 Bn | 48.49% |
| 2 | Sherwin Williams | 76.59 Bn | 76.37 Bn | 2.78 Bn | 49.07% |
| 3 | Ecolab | 74.26 Bn | 73.64 Bn | 1.85 Bn | 44.03% |
| 4 | Air Products & Chemicals | 73.40 Bn | 74.95 Bn | 987.40 Mn | 31.13% |
| 5 | Ppg Industries | 25.35 Bn | 23.87 Bn | 1.66 Bn | 42.11% |
| 6 | LyondellBasell Industries | 22.96 Bn | 20.44 Bn | 701.00 Mn | 9.74% |
| 7 | Chemical & Mining Co Of Chile | 19.81 Bn | 18.30 Bn | 778.60 Mn | 44.24% |
| 8 | International Flavors & Fragrances | 18.89 Bn | 18.36 Bn | 1.02 Bn | 37.14% |
| 9 | DuPont de Nemours | 18.77 Bn | 18.88 Bn | 602.00 Mn | 35.81% |
| 10 | Westlake | 9.64 Bn | 7.67 Bn | 112.00 Mn | 4.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.22% |
| Dec 31, 2025 | 3.43% |
| Sep 30, 2025 | 8.32% |
| Jun 30, 2025 | 8.74% |
| Mar 31, 2025 | 8.15% |
| Dec 31, 2024 | 11.54% |
| Sep 30, 2024 | 16.01% |
| Jun 30, 2024 | 20.70% |
| Mar 31, 2024 | 15.66% |
| Dec 31, 2023 | 7.04% |
| Sep 30, 2023 | 18.81% |
| Jun 30, 2023 | 19.75% |
| Mar 31, 2023 | 23.60% |
| Dec 31, 2022 | 17.19% |
| Sep 30, 2022 | 19.62% |
| Jun 30, 2022 | 32.23% |
| Mar 31, 2022 | 31.68% |
| Dec 31, 2021 | 31.25% |
| Sep 30, 2021 | 33.32% |
| Jun 30, 2021 | 30.50% |