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Westlake Chemical Partners LPWLKPCompetitor analysis, valuation and peers

United States · USD·Materials›Chemicals: Specialty
Momentum neutral 45
Mkt cap
$747M
US dollars, full cap
Free float
59%
of shares outstanding
$/day
$391,766
20-day average traded
Fwd P/E
12.0×
forward earnings
ROIC−WACC
+17.6 pp
WACC 6.6%
Hurdle
n/a
no reverse DCF
Next earnings
109 days
23 Feb 2027
Close · USD$21.19
1D-0.8%
1W-0.3%
1M-1.0%
3M-2.3%
6M-9.0%
YTD+11.5%
1Y+13.6%
ATR %1.9%
Beta0.19
52w lowhigh11.3% off high

What Westlake Chemical Partners LP does

Employees: 155

Westlake Chemical Partners LP at a glance

Size Westlake Chemical Partners LP (WLKP) is a United States Materials company (Chemicals: Specialty) with a market value of $747M, the 2438th largest of 3,117 United States companies the cockpit tracks. Shares closed at $21.19 on 6 Nov 2026.

Performance Over six months the shares fell 9.0%, against -23.8% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 20 in its peer set.

Growth Revenue grew 9.4% over the last twelve months (peer median +7.2%); the operating margin is 29.0% (peer median 9.7%).

Valuation It trades at 12.0× forward earnings against a peer median of 26.6× (4th cheapest of 12).

Capital Return on invested capital runs 17.6 points above its cost of capital (6.6% WACC).

Short interest Short interest is 0.4% of the free float (15 Oct 2026).

Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).

Relative performance

70809010011 May 202611 Aug 20266 Nov 2026WLKP 89Peer median 75
Six months, rebased to 100: Westlake Chemical Partners LP against the median of its 20 peers (local-currency closes).

Westlake Chemical Partners LP financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.24B$1.17B$1.14B$1.19B$1.59B
Revenue growth—+3%-5%-25%—
Gross profit$389M$348M$419M$387M$377M
EBITDA$495M$448M$502M$468M$469M
Net income$59.2M$48.7M$62.4M$54.3M$64.2M
Free cash flow$444M$202M$436M$405M$410M
Capital expenditure$38.6M$78.8M$49.0M$46.8M$54.1M
Total debt$400M$400M$400M$400M$400M

Quarterly statements and history in the cockpit →

Westlake Chemical Partners LP competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-20%0%+20%301149CLEAN600230300856301076300905603212KRNT4220301419300586603217000210603822301349603980688386WLKP6-month return →1-month return →
Up and to the right = strong over both horizons. Westlake Chemical Partners LP is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%+100%25×50×75×301149CLEAN600230300856301076KRNT4220603822301349688386WLKPRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Westlake Chemical Partners LP is the large dot.

Westlake Chemical Partners LP competitors and peer comparison

How Westlake Chemical Partners LP compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Westlake Chemical Partners LP against its 20 peers (data as of 6 Nov 2026)
MeasureWLKPPeer medianRank in peer set
1-month return-1.0%-12.0%5th highest of 21
6-month return-9.0%-23.8%5th highest of 20
Distance from 52-week high-11.3%-42.9%highest of 21
Revenue growth (TTM)+9.4%+7.2%10th highest of 21
Operating margin29.0%9.7%highest of 20
Forward P/E12.0×26.6×4th cheapest of 12
ROIC minus cost of capital+17.6 pp-2.9 pphighest of 20
EV / EBITDA2.8×19.7×cheapest of 7
Net debt / EBITDA0.7×-1.2×2nd most indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Westlake Chemical Partners LP WLKPUnited States$747M-9%+9%29%12.0×n/an/a
Shandong Longhua New Material 301149.SZChina$751M-39%+33%2%8.7×n/an/a
Clean Science & Technology CLEAN.NSIndia$753M-24%+5%26%26.6×31.8%+13.2%
Hebei Cangzhou Dahua 600230.SSChina$738M-36%-1%4%16.6×-0.4%+22.6%
Nanjing COSMOS Chemical 300856.SZChina$757M-24%+12%12%35.0×3.3%+8.0%
Sino-High (China) 301076.SZChina$736M-24%+4%14%57.1×43.8%+9.1%
Poly Plastic Masterbatch (SuZhou) 300905.SZChina$758M-59%+10%11%n/a29.1%+17.2%
Cybrid Technologies 603212.SSChina$725M-19%-9%-7%n/an/an/a
Kornit Digital KRNTUnited States$724M+4%+4%-17%86.4×36.2%+0.9%
Riken Technos 4220.TJapan$771M+46%+6%11%10.4×-4.8%+8.3%
Shanghai Allied Industrial 301419.SZChina$723M+10%+19%14%n/an/an/a
Malion New Materials 300586.SZChina$720M-42%+4%-4%n/an/an/a
Yuanli Chemical 603217.SSChina$720M-25%+8%10%18.0×n/an/a
Hangzhou Grascent 301688.SZChina$720Mn/a+12%n/an/a47.1%n/a
DL 000210.KSSouth Korea$718M-37%+5%10%n/an/an/a
Zhejiang Jiaao Enprotech Stock 603822.SSChina$718M-19%+101%19%9.7×-7.5%+31.6%
Orinko Advanced Plastics 688219.SSChina$714M-23%+13%2%n/a14.4%+9.5%
Liaoning Xinde New Material Technology 301349.SZChina$711M-20%+63%7%28.2×n/an/a
Sichuan Lutianhua Company Limited By Shares 000912.SZChina$785M-31%-5%-4%n/an/an/a
Zhejiang Jihua 603980.SSChina$788M+22%+2%2%n/a27.0%-3.6%
Pan Asian Microvent Tech (Jiangsu) 688386.SSChina$792M-40%+37%18%40.7×n/an/a

Questions

Which companies are Westlake Chemical Partners LP's closest peers?
The cockpit's peer set: Shandong Longhua New Material (301149.SZ), Clean Science & Technology (CLEAN.NS), Hebei Cangzhou Dahua (600230.SS), Nanjing COSMOS Chemical (300856.SZ), Sino-High (China) (301076.SZ), Poly Plastic Masterbatch (SuZhou) (300905.SZ), Cybrid Technologies (603212.SS), Kornit Digital (KRNT).
Is Westlake Chemical Partners LP expensive compared with its peers?
On forward p/e it trades at 12.0× against a peer median of 26.6×, 4th cheapest of 12 in its peer set.
How has Westlake Chemical Partners LP stock performed?
Over six months to 6 Nov 2026 the shares returned -9.0% against -23.8% for the median peer; over one year +13.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.