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Westlake vs Newmarket: WLK and NEU compared
Westlake is the larger company: $3.0B of revenue in its latest quarter (Q3 2026) against $717M for Newmarket (Q3 2026). Westlake is growing faster (+5% against +4% a year earlier). Newmarket is more profitable, with an operating margin of 20.0% against 1.4%.
Where the money goes: WLK and NEU
Westlake (WLK) · Q3 2026
Westlake, Q3 2026: revenue $3.0B (+5% year over year), operating margin 1.4%, net earnings $18.0M, operating cash flow $395M. The chart follows the revenue to costs, profit and cash.
Newmarket (NEU) · Q3 2026
Newmarket, Q3 2026: revenue $717M (+4% year over year), operating margin 20.0%, net earnings $124M, operating cash flow $68.6M. The chart follows the revenue to costs, profit and cash.
| Westlake (WLK) | Newmarket (NEU) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.0B | $717M |
| Revenue growth, Y/Y | +5% | +4% |
| Gross margin | 12.8% | 31.0% |
| Operating margin | 1.4% | 20.0% |
| Net earnings | $18.0M | $124M |
| Net margin | 0.6% | 17.3% |
| Operating cash flow | $395M | $68.6M |
| Free cash flow | $220M | $31.8M |
| Market value | $8.2B | $6.4B |
| P/E | — | 14.1× |
| Analysts’ mean target | $78.06 | — |
Questions
Which is bigger, Westlake or Newmarket?
Westlake is the larger company: $3.0B of revenue in its latest quarter (Q3 2026) against $717M for Newmarket (Q3 2026).
Is Westlake or Newmarket growing faster?
Westlake is growing faster (+5% against +4% a year earlier).
Which is more profitable, Westlake or Newmarket?
Newmarket is more profitable, with an operating margin of 20.0% against 1.4%.
More: Westlake earnings · how Westlake makes money · Newmarket earnings · how Newmarket makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.