Westlake Corp. (WLK) intrinsic value & 10-year financials
Westlake Corp. (WLK) has a Graham intrinsic value of $154.12 per share. At $63.33 on Oct 17, 2026, the stock trades 59% below that value. Over the last 10 fiscal years revenue grew 57.1% a year to $11.2B, with an average return on invested capital of 8.8%.
- Graham intrinsic value
- $154.12
- Share price (Oct 17, 2026)
- $63.33
- Price vs Graham value
- 59% below
- Market cap
- $8.1B
- Revenue (FY2025)
- $11.2B
- Revenue growth (10-yr CAGR)
- 57.1%
- ROIC (10-yr avg)
- 8.8%
- Free cash flow (FY2025)
- -$530.0M
WLK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $11.2B | -$1.5B | -$11.70 | -$530.0M | -14.1% | -11.5% |
| FY2024 | $12.1B | $602.0M | $4.64 | $306.0M | 7.2% | 4.7% |
| FY2023 | $12.5B | $479.0M | $3.70 | $1.3B | 5.8% | 4.2% |
| FY2022 | $15.8B | $2.2B | $17.34 | $2.3B | 19.3% | 19.1% |
| FY2021 | $11.8B | $2.0B | $15.58 | $1.7B | 23.8% | 21.1% |
| FY2020 | $7.5B | $330.0M | $2.56 | $772.0M | 5.7% | 4.9% |
| FY2019 | $8.1B | $421.0M | $3.25 | $514.0M | 8.1% | 6.4% |
| FY2018 | $8.6B | $996.0M | $7.62 | $707.0M | 16.3% | 14.7% |
| FY2017 | $8.0B | $1.3B | $10.00 | $961.0M | 15.3% | 17.7% |
| FY2016 | $191.1M | $398.9M | $3.06 | $205.4M | 304.3% | 6.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
WESTLAKE CORP is a consistent compounder, expanding top-line revenue at 57.2% annually over the past decade.
WESTLAKE CORP returns on capital have been average, hovering around 8.8% ROIC over the decade.
WESTLAKE CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, WESTLAKE CORP is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $154.12 per share.