Westlake (WLK) Gross Margin (2010 - 2026)

Westlake (WLK) recorded quarterly Gross Margin of 4.22% in Q1 2026, up 22.96% quarter-over-quarter from 3.43% in Q4 2025, and down 393.0% on a YoY basis from 1.44% in Q1 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.

  • In Q1 2026, Gross Margin fell 393.0% year-over-year to 4.22%; the TTM figure through Mar 2026 stood at 6.31% (down 803.0% YoY), while the FY2025 annual figure was 7.28%, down 884.0% from the prior year.
  • Gross Margin was 4.22% for Q1 2026 at Westlake, up from 3.43% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 32.23% in Q2 2022 to a low of 3.43% in Q4 2025.
  • Historically, Gross Margin has averaged 15.69% across 5 years, with a median of 16.01% in 2024.
  • Biggest YoY gain for Gross Margin was 1009 bps in 2022; the steepest drop was 1406 bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 17.19% in 2022, then plunged by 59 bps to 7.04% in 2023, then surged by 64 bps to 11.54% in 2024, then sank by 70 bps to 3.43% in 2025, then rose by 23 bps to 4.22% in 2026.
  • The last three Gross Margin figures came in at 4.22% (Q1 2026), 3.43% (Q4 2025), and 8.32% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Linde 237.64 Bn 233.69 Bn 4.26 Bn 48.49%
2 Chemical & Mining Co Of Chile 127.66 Bn 124.93 Bn 778.60 Mn 44.24%
3 Sherwin Williams 78.87 Bn 78.66 Bn 2.78 Bn 49.07%
4 Ecolab 76.59 Bn 75.97 Bn 1.85 Bn 44.03%
5 Air Products & Chemicals 62.39 Bn 63.94 Bn 987.40 Mn 31.13%
6 Ppg Industries 26.44 Bn 24.97 Bn 1.66 Bn 42.11%
7 International Flavors & Fragrances 19.67 Bn 19.14 Bn 1.02 Bn 37.14%
8 DuPont de Nemours 19.57 Bn 19.68 Bn 602.00 Mn 35.81%
9 LyondellBasell Industries 19.28 Bn 19.39 Bn 701.00 Mn 9.74%
10 Westlake 10.27 Bn 8.30 Bn 112.00 Mn 4.22%

Historic Data

Download Data
DateValue
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%