Westlake Chemical Corporation (WLK)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,957,000 | 1,828,000 | 1,915,000 | 1,893,000 | 2,219,000 | 2,587,000 | 2,777,000 | 3,580,000 | 4,073,000 | 4,602,000 | 4,844,000 | 4,271,000 | 3,495,000 | 2,722,000 | 1,952,000 | 1,249,000 | 1,023,000 | 950,000 | 1,073,000 | 1,244,000 |
| Revenue (ttm) | US$ in thousands | 12,142,000 | 12,125,000 | 12,123,000 | 12,167,000 | 12,548,000 | 13,021,000 | 13,862,000 | 15,094,000 | 15,794,000 | 16,002,000 | 15,101,000 | 13,477,000 | 11,778,000 | 10,236,000 | 9,079,000 | 7,929,000 | 7,504,000 | 7,422,000 | 7,590,000 | 8,025,000 |
| Gross profit margin | 16.12% | 15.08% | 15.80% | 15.56% | 17.68% | 19.87% | 20.03% | 23.72% | 25.79% | 28.76% | 32.08% | 31.69% | 29.67% | 26.59% | 21.50% | 15.75% | 13.63% | 12.80% | 14.14% | 15.50% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,957,000K ÷ $12,142,000K
= 16.12%
Westlake Chemical Corporation's gross profit margin has shown fluctuations over the past few years. The trend indicates that the company's profitability from its core operations has varied.
From March 31, 2020, to December 31, 2021, the gross profit margin increased steadily from 15.50% to 29.67%, indicating an improvement in the company's ability to generate profit from its sales after accounting for the cost of goods sold.
However, starting from March 31, 2022, the gross profit margin began to decline, reaching 15.56% by March 31, 2024. This downward trend suggests potential challenges in maintaining profitability or controlling costs in the face of changing market conditions or cost pressures.
The most recent data point as of December 31, 2024, shows a slight increase in the gross profit margin to 16.12%. It will be important to monitor future financial reports to assess whether this uptick signifies a reversal of the declining trend or is just a temporary fluctuation.
Overall, a detailed analysis of the factors contributing to the fluctuations in Westlake Chemical Corporation's gross profit margin, such as changes in sales prices, input costs, production efficiency, or competitive dynamics, would be necessary to provide more insights into the company's financial performance.
Peer comparison
Dec 31, 2024