Methanex vs Westlake
Westlake is the larger business, with $11.17bn of revenue in fiscal 2025 against $3.59bn for Methanex (3.1 times as much). Methanex grew faster (-3.5% against -8.0%). Methanex kept more of each dollar of sales as profit: a net margin of 4.0% against -13.5%. Westlake carries less debt relative to equity (64.6% against 112.7%).
| Latest fiscal year | MethanexMEOH, 2025 | WestlakeWLK, 2025 |
|---|---|---|
| Revenue | $3.59bn | $11.17bn |
| Revenue growth | -3.5% | -8.0% |
| Net income | $145m | −$1.51bn |
| Operating margin | 12.0% | -14.1% |
| Net margin | 4.0% | -13.5% |
| Return on equity | 6.4% | -15.6% |
| Free cash flow | $917m | −$530m |
| Cash | $425m | $2.72bn |
| Total debt | $2.75bn | $5.68bn |
| Debt to equity | 112.7% | 64.6% |
| Dividend per share | — | $2.11 |
| Dividend yield | 1.1% | 3.0% |
| Share buybacks | — | $63.0m |
| Employees | — | 14,600 |
| Market value | $5.10bn | $8.84bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | — | 43 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 9 sales |