Westlake Chemical Partners (WLKP) Gross Margin (2013 - 2026)
Westlake Chemical Partners (WLKP) reported Gross Margin of 30.67% for Q1 2026, up 791.0% on a YoY basis from 3.44% in Q1 2025, and up 2.35% quarter-over-quarter from 29.97% in Q4 2025.
Westlake Chemical Partners (WLKP) Gross Margin (2013 - 2026) Analysis & Trends
Westlake Chemical Partners has reported Gross Margin for 14 years, with the latest figure at 30.67% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 791.0% year-over-year to 30.67%; the trailing twelve-month figure through Mar 2026 stood at 31.39% (down 267.0% YoY), and the FY2025 full-year result was 29.81%, down 707.0% from the prior year.
- Gross Margin for Q1 2026 stood at 30.67%, up from 29.97% in the prior quarter.
- The five-year high for Gross Margin was 42.22% in Q3 2024, with the low at 21.68% in Q2 2022.
- Historically, Gross Margin has averaged 30.71% across 5 years, with a median of 32.19% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 15595 bps — and 2024, when it surged 1331 bps.
- Westlake Chemical Partners' Gross Margin stood at 26.75% in 2022, then increased by 27 bps to 33.87% in 2023, then advanced by 0 bps to 33.99% in 2024, then fell by 12 bps to 29.97% in 2025, then rose by 2 bps to 30.67% in 2026.
- The last three Gross Margin figures came in at 30.67% (Q1 2026), 29.97% (Q4 2025), and 32.19% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Celanese | 5.60 Bn | 4.26 Bn | 468.00 Mn | 20.03% |
| 2 | Methanex | 4.42 Bn | 4.43 Bn | - | - |
| 3 | Olin | 2.80 Bn | 2.60 Bn | 75.80 Mn | 4.79% |
| 4 | Rex American Resources | 1.47 Bn | 1.19 Bn | 28.91 Mn | 18.30% |
| 5 | Tronox Holdings | 1.13 Bn | 1.03 Bn | 44.00 Mn | 5.79% |
| 6 | Green Plains | 1.02 Bn | 844.99 Mn | 87.95 Mn | 19.73% |
| 7 | Lsb Industries | 860.60 Mn | 678.96 Mn | 35.79 Mn | 21.12% |
| 8 | Westlake Chemical Partners | 818.06 Mn | 773.77 Mn | 93.76 Mn | 30.67% |
| 9 | ASP Isotopes | 776.82 Mn | 496.37 Mn | 1.67 Mn | 39.86% |
| 10 | AdvanSix | 576.58 Mn | 559.00 Mn | 3.80 Mn | 0.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.67% |
| Dec 31, 2025 | 29.97% |
| Sep 30, 2025 | 32.19% |
| Jun 30, 2025 | 32.83% |
| Mar 31, 2025 | 22.76% |
| Dec 31, 2024 | 33.99% |
| Sep 30, 2024 | 42.22% |
| Jun 30, 2024 | 35.62% |
| Mar 31, 2024 | 35.89% |
| Dec 31, 2023 | 33.87% |
| Sep 30, 2023 | 28.91% |
| Jun 30, 2023 | 33.21% |
| Mar 31, 2023 | 34.48% |
| Dec 31, 2022 | 26.75% |
| Sep 30, 2022 | 21.80% |
| Jun 30, 2022 | 21.68% |
| Mar 31, 2022 | 25.23% |
| Dec 31, 2021 | 44.50% |
| Sep 30, 2021 | 25.83% |
| Jun 30, 2021 | 40.66% |