Westlake Chemical Partners (WLKP) Operating Margin (2013 - 2026)
Westlake Chemical Partners (WLKP) reported Operating Margin of 28.32% for Q1 2026, up 871.0% on a YoY basis from 2.92% in Q1 2025, and up 1.93% quarter-over-quarter from 27.78% in Q4 2025.
Westlake Chemical Partners (WLKP) Operating Margin (2013 - 2026) Analysis & Trends
Westlake Chemical Partners has reported Operating Margin for 14 years, with the latest figure at 28.32% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 871.0% year-over-year to 28.32%; the trailing twelve-month figure through Mar 2026 stood at 29.12% (down 229.0% YoY), and the FY2025 full-year result was 27.39%, down 698.0% from the prior year.
- Operating Margin for Q1 2026 stood at 28.32%, up from 27.78% in the prior quarter.
- The five-year high for Operating Margin was 39.6% in Q3 2024, with the low at 19.47% in Q2 2022.
- Historically, Operating Margin has averaged 28.38% across 5 years, with a median of 29.78% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 14030 bps — and 2024, when it soared 1279 bps.
- Westlake Chemical Partners' Operating Margin stood at 25.97% in 2022, then advanced by 20 bps to 31.22% in 2023, then grew by 2 bps to 31.73% in 2024, then slipped by 12 bps to 27.78% in 2025, then rose by 2 bps to 28.32% in 2026.
- The last three Operating Margin figures came in at 28.32% (Q1 2026), 27.78% (Q4 2025), and 29.78% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Celanese | 5.60 Bn | 4.26 Bn | 468.00 Mn | 9.16% |
| 2 | Methanex | 4.42 Bn | 4.43 Bn | - | 8.56% |
| 3 | Olin | 2.80 Bn | 2.60 Bn | 75.80 Mn | -4.95% |
| 4 | Rex American Resources | 1.47 Bn | 1.19 Bn | 28.91 Mn | 30.14% |
| 5 | Tronox Holdings | 1.13 Bn | 1.03 Bn | 44.00 Mn | -5.39% |
| 6 | Green Plains | 1.02 Bn | 844.99 Mn | 87.95 Mn | 10.04% |
| 7 | Lsb Industries | 860.60 Mn | 678.96 Mn | 35.79 Mn | 13.66% |
| 8 | Westlake Chemical Partners | 818.06 Mn | 773.77 Mn | 93.76 Mn | 28.32% |
| 9 | ASP Isotopes | 776.82 Mn | 496.37 Mn | 1.67 Mn | -595.41% |
| 10 | AdvanSix | 576.58 Mn | 559.00 Mn | 3.80 Mn | -4.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.32% |
| Dec 31, 2025 | 27.78% |
| Sep 30, 2025 | 29.78% |
| Jun 30, 2025 | 30.71% |
| Mar 31, 2025 | 19.61% |
| Dec 31, 2024 | 31.73% |
| Sep 30, 2024 | 39.60% |
| Jun 30, 2024 | 32.95% |
| Mar 31, 2024 | 33.41% |
| Dec 31, 2023 | 31.22% |
| Sep 30, 2023 | 26.81% |
| Jun 30, 2023 | 30.47% |
| Mar 31, 2023 | 31.90% |
| Dec 31, 2022 | 25.97% |
| Sep 30, 2022 | 19.71% |
| Jun 30, 2022 | 19.47% |
| Mar 31, 2022 | 22.96% |
| Dec 31, 2021 | 42.60% |
| Sep 30, 2021 | 23.18% |
| Jun 30, 2021 | 38.10% |