Westlake Chemical Partners LP Gross Margin History
WLKP / Materials|10 years of SEC 10-K data (FY2015-FY2024)
36.9% in FY2024 with a 5-year CAGR of +2.1%. Top quartile in the Materials sector.
Improved from 23.7% to 36.9% over the past 2 years.
Westlake Chemical Partners LP's gross margin of 36.9% is higher than 80% of companies in the Materials sector (FY2024). Gross Margin has fluctuated over the past 10 years, ranging from 23.7% in FY2022 to 39.7% in FY2016.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year Change
- +0.5pp
- 5-Year Change
- +2.1pp
- 10-Year Change
- -
Gross Margin Trend
Top 20% in MaterialsTop 20% of 70This company 36.9% Sector average 25.9%
▼
+42.5% above sector average
Key Insights
- In FY2024, gross margin increased 13.3% year-over-year.
- Currently 11.0pp above the Materials sector average.
- Peak gross margin was recorded in FY2016.
- Lowest gross margin in the period was in FY2022.
Annual Data
| Year | Gross Margin | YoY Growth |
|---|---|---|
| FY2024 | 36.9% | +13.3% |
| FY2023 | 32.5% | +37.4% |
| FY2022 | 23.7% | -34.9% |
| FY2021 | 36.4% | -7.2% |
| FY2020 | 39.2% | +12.8% |
| FY2019 | 34.8% | +18.5% |
| FY2018 | 29.3% | -14.8% |
| FY2017 | 34.4% | -13.2% |
| FY2016 | 39.7% | +4.3% |
| FY2015 | 38.0% | -10.8% |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026