Westlake Chemical Corporation (WLK)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,957,000 | 2,219,000 | 4,073,000 | 3,495,000 | 1,023,000 |
| Revenue | US$ in thousands | 12,142,000 | 12,548,000 | 15,794,000 | 11,778,000 | 7,504,000 |
| Gross profit margin | 16.12% | 17.68% | 25.79% | 29.67% | 13.63% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,957,000K ÷ $12,142,000K
= 16.12%
The gross profit margin of Westlake Chemical Corporation has exhibited fluctuations over the past five years based on the provided data. In December 31, 2020, the gross profit margin was relatively low at 13.63%. However, over the subsequent years, there was a notable improvement in performance as seen in the figures for December 31, 2021 (29.67%) and December 31, 2022 (25.79%). This suggests that the company was able to increase its profitability relative to its sales during these periods.
Subsequently, there was a decline in the gross profit margin for the years ending on December 31, 2023 (17.68%) and December 31, 2024 (16.12%). This could indicate various factors such as increased costs of goods sold or pricing pressures impacting the company's ability to maintain higher profit margins.
Overall, Westlake Chemical Corporation's gross profit margin has shown variability in recent years, indicating the company's ability to manage its production costs and pricing strategies. Continued monitoring and analysis of the trend in gross profit margin will be important to assess the company's operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2024