Westlake (WLK) FY2024 results: revenue $12.1 billion, down 3.2% on the year
Westlake Corp. (WLK) reported revenue of $12.1 billion for fiscal 2024, the year ended 31 December 2024, down 3.2% on the year before. Net income was $602 million, up 25.7%, and diluted earnings per share $4.64. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$12.1 billion
-3.2% on the year
FY2017FY2024
Operating margin
7.2%
5.8% a year earlier
FY2017FY2024
Net income
$602 million
+25.7% on the year
FY2017FY2024
Diluted EPS
$4.64
+25.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,314
2,336
3,395
-43.8%
Capital expenditure
1,008
1,034
1,108
-2.5%
Free cash flow
306
1,302
2,287
-76.5%
Free cash flow margin
2.5%
10.4%
14.5%
Cash from investing
-1,001
-1,037
-2,479
Cash from financing
-650
-245
-587
Depreciation and amortisation
1,114
1,097
1,056
+1.5%
Share-based compensation
41.0
43.0
36.0
-4.7%
Buybacks
60.0
23.0
101
+160.9%
Dividends paid
264
221
169
+19.5%
Dividend per share
$2.05
$1.71
$1.31
+19.6%
Diluted shares, weighted
129m
129m
129m
+0.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
10,527
10,241
9,931
+2.8%
Non-controlling interest
516
523
534
-1.3%
Debt
4,562
4,906
4,879
-7.0%
Operating lease liabilities
713
611
504
+16.7%
Other liabilities
4,432
4,754
4,702
-6.8%
Total liabilities and equity
20,750
21,035
20,550
-1.4%
Fixed assets
8,633
8,519
8,477
+1.3%
Goodwill
2,031
2,041
2,161
-0.5%
Intangible assets
820
910
993
-9.9%
Investments
0.0
n/a
n/a
Cash and equivalents
2,919
3,304
2,228
-11.7%
Receivables
1,315
1,393
1,651
-5.6%
Inventory
1,697
1,622
1,866
+4.6%
Other assets
3,335
3,246
3,174
+2.7%
Total assets
20,750
21,035
20,550
-1.4%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.