Filing Flows › Westlake (WLK) › Q3 2026 › vs Q3 2025
Westlake (WLK) Q3 2026 vs Q3 2025 (year over year)
Westlake's revenue rose $143M (+5%) from $2.8B in Q3 2025 to $3.0B in Q3 2026. Gross margin 12.8% against 8.3% (+4.5 pts).
Westlake, Q3 2026: revenue $3.0B (+5% year over year), operating margin 1.4%, net earnings $18.0M, operating cash flow $395M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 12.8% | 8.3% | +4.5 pts |
| Operating margin | 1.4% | -27.0% | +28.4 pts |
| Net margin | 0.6% | -27.2% | +27.8 pts |
| Free cash flow margin | 7.4% | -2.0% | +9.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $3.0B | $2.8B | $143M | +5% |
| Gross profit | $382M | $236M | $146M | +62% |
| Cost of revenue | $2.6B | $2.6B | −$3.0M | -0.1% |
| Operating profit | $43.0M | −$766M | $809M | — |
| Operating expenses | $339M | $1.0B | −$663M | -66% |
| Pre-tax earnings | $8.0M | −$775M | $783M | — |
| Other expense, net | $35.0M | $9.0M | $26.0M | +289% |
| SG&A | $250M | $228M | $22.0M | +10% |
| Other operating costs | $89.0M | $774M | −$685M | -89% |
| Income tax benefit | $10.0M | $3.0M | $7.0M | +233% |
| Net earnings | $18.0M | −$772M | $790M | — |
| Depreciation & amortization | $290M | $303M | −$13.0M | -4% |
| Share-based compensation | $12.0M | $11.0M | $1.0M | +9% |
| Working capital & other | $75.0M | $640M | −$565M | -88% |
| Operating cash flow | $395M | $182M | $213M | +117% |
| Free cash flow (OCF − capex) | $220M | −$57.0M | $277M | — |
| Capital expenditures | $175M | $239M | −$64.0M | -27% |
Questions
How much did Westlake's revenue grow year over year in Q3 2026?
Westlake's revenue rose $143M (+5%) from $2.8B in Q3 2025 to $3.0B in Q3 2026. Gross margin 12.8% against 8.3% (+4.5 pts).