Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $7,504 | $11,778 | $15,794 | $12,548 | $12,142 |
| Gross Profit | $1,023 | $3,495 | $4,073 | $2,219 | $1,957 |
| Operating Income | $429 | $2,800 | $3,050 | $729 | $875 |
| Net Income | $330 | $2,015 | $2,247 | $479 | $602 |
Over the five-year period, Westlake Corporation’s financial performance experienced notable volatility. Revenue expanded substantially from USD 7.5 billion in 2020 to a peak of nearly USD 15.8 billion in 2022—a growth of over 110% in that span—with gross profit following a similar upward trend, rising from USD 1.0 billion in 2020 to more than USD 4.1 billion in 2022. Operating income and net income mirrored this trend, with operating income increasing from USD 429 million to USD 3.05 billion and net income growing from USD 330 million to USD 2.25 billion by 2022. This strong performance through 2021 and 2022 suggests that the company capitalized on favorable market conditions and operational efficiencies, particularly in boosting margins and scaling profitability. However, 2023 marked a significant downturn, with revenue declining by roughly 20% to USD 12.55 billion and gross profit experiencing an even steeper drop of nearly 45% to USD 2.22 billion. Operating income and net income fell dramatically—by approximately 76% and 78% respectively—prompting concerns regarding cost pressures or shifts in demand. Although 2024 showed a modest recovery, with improvements in operating income (USD 875 million) and net income (USD 602 million), these levels remain well below the peaks achieved in 2021 and 2022. Overall, while Westlake Corporation demonstrated robust growth in earlier years, the pronounced declines in 2023 underscore emerging challenges. Continued vigilance and strategic adjustments will be essential to ensure sustainable financial health moving forward.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.