Filing Flows › Westlake (WLK) › Q2 2025
Westlake (WLK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Westlake (WLK) reported revenue of $3.0B for the second quarter 2025 (Q2 2025), -8% from a year earlier and +4% from the quarter before. Operating margin was -3.7%, net loss $131M (4.4% of revenue).
Westlake, Q2 2025: revenue $3.0B (-8% year over year), operating margin -3.7%, net loss $131M, operating cash flow $135M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +4% | -8% |
| Operating profit | −$109M | — | — |
| Net earnings | −$131M | — | — |
| Operating cash flow | $135M | — | -43% |
What changed
Revenue was $3.0B in Q2 2025, down 8% year over year and up 4% from the previous quarter.
Gross margin was 8.7%, down 12.0 points from a year earlier. Operating costs exceeded revenue by $0.11B, an operating margin of -3.7%. Operating expenses grew 42% against a revenue fall of 8%. The fastest-growing cost line was Other operating costs (+329%). The quarter ended with a net loss of $0.13B, wider than the previous quarter's $0.04B loss.
Operating cash flow was $0.14B (down 43% year over year). Non-cash charges added back $0.29B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.27B exceeded it, leaving free cash flow of −$0.13B.
Questions
What was Westlake's revenue in the second quarter 2025?
Westlake (WLK) reported revenue of $3.0B for the second quarter 2025 (Q2 2025), -8% from a year earlier and +4% from the quarter before.
Was Westlake profitable in the second quarter 2025?
Operating loss was $109M (-3.7% of revenue) and net loss $131M.
Source: Westlake 10-Q on SEC EDGAR.