Westlake Corp WLK

Stock XNYS Rating as of Oct 1, 2026

$63.50 +1.03 (1.65%)

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As of Oct 2, 2026, 8:00:17 PM Delayed Price Post-Trading: $63.50 0.00

Company Report

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Westlake Has Built Resilience Through Forward Integration

Christian Fleming Aug 4, 2026

Westlake's core strategy focuses on forward integration: It begins with ethylene and chlor-alkali production, moves through PVC resin, and ultimately captures margin in finished building products such as vinyl siding, pipe, and fittings. We view this as a sound strategic posture. It doesn’t confer a durable competitive advantage, but it improves earnings quality relative to a pure commodity chemical producer and partially insulates the firm from fluctuations in PVC supply conditions.

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Price vs Fair Value

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WLK is trading at a LOCK|lH&HlY premium.

Price

$62.47

Oct 1, 2026

Fair Value

d!&

Jun 17, 2026

Uncertainty

LOCK|<K

1-Star Price: LOCK|^.Q
5-Star Price: LOCK|.ly
Economic Moat: LOCK|&Ym
Capital Allocation: LOCK|G?^RCC>

Bulls Say, Bears Say

Bulls

Chinese PVC capacity rationalization will tighten supply, driving higher prices for PVC resin and products.

Bears

Westlake's acquisition of Hexion's epoxy and Boral's North American building products businesses at cycle-peak multiples marks a departure from its prior discipline in building the portfolio countercyclically.

News

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BlueLinx Expands Relationship with Westlake Royal Building Products™ Through Exclusive Kleer® PVC Trim Distribution Agreement and Market Expansion of TruExterior® Siding and Trim Products

Business Wire Sep 24, 2026, 1:00:00 PM

Trading Information

Previous Close Price: $62.47
Day Range: $61.80–64.92
52-Week Range: $56.33–124.23
Bid/Ask: $63.47 / $71.00
Shares Outstanding: 127.80M
Market Cap: $8.12B
Volume/Avg: 2M / 958,350

Key Statistics

Price/Earnings (Normalized): 86.59
Price/Sales: 0.71
Dividend Yield (Trailing): 3.40%
Dividend Yield (Forward): 3.41%
Dividend Payment Schedule: Mar, Jun, Sep, Dec
Total Yield: 4.19%

Company Profile

Westlake is a forward-integrated commodity chemicals firm based in Houston. It began as a single low-density polyethylene plant and expanded its capabilities to include ethylene, vinyl chloride monomers, and polyvinyl chloride over the next two decades. The acquisition of Axiall in 2016 made it a North American leader in chlor-alkali and PVC. Today, Westlake has two defined segments: performance and essential materials, and housing and infrastructure products. The HIP segment began operating in 2022 following a series of acquisitions in the building products space. The firm aims to maximize the value of its chemical production by integrating with the HIP segment, realizing the higher margins of finished commercial goods.

Sector: Basic Materials
Industry: Specialty Chemicals
Stock Style Box: Small Core
Total Number of Employees: 14,600
Website: https://www.westlake.com

Competitors

Valuation

Metric	WLK	LYB	OLN
Price/Earnings (Normalized)	86.59	8.09	25.73
Price/Book Value	0.92	1.75	1.06
Price/Sales	0.71	0.60	0.27
Price/Cash Flow	8.47	6.20	7.36

Price/Earnings

WLK

LYB

OLN

Financial Strength

Metric	WLK	LYB	OLN
Quick Ratio	1.65	0.93	0.76
Current Ratio	2.45	1.64	1.36
Interest Coverage	−6.00	0.71	−0.52

Quick Ratio

WLK

LYB

OLN

Profitability

Metric	WLK	LYB	OLN
Return on Assets (Normalized)	0.67%	6.75%	−1.91%
Return on Equity (Normalized)	1.45%	21.72%	−7.75%
Return on Invested Capital (Normalized)	1.27%	10.69%	−0.28%

Return on Assets

WLK

LYB

OLN

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