Olin vs Westlake
Westlake is the larger business, with $11.17bn of revenue in fiscal 2025 against $6.78bn for Olin (1.6 times as much). Olin grew faster (3.7% against -8.0%). Olin kept more of each dollar of sales as profit: a net margin of -1.5% against -13.5%. Westlake carries less debt relative to equity (64.6% against 153.7%).
| Latest fiscal year | OlinOLN, 2025 | WestlakeWLK, 2025 |
|---|---|---|
| Revenue | $6.78bn | $11.17bn |
| Revenue growth | 3.7% | -8.0% |
| Net income | −$101m | −$1.51bn |
| Operating margin | 0.1% | -14.1% |
| Net margin | -1.5% | -13.5% |
| Return on equity | -5.2% | -15.6% |
| Free cash flow | $248m | −$530m |
| Cash | $168m | $2.72bn |
| Total debt | $2.83bn | $5.68bn |
| Debt to equity | 153.7% | 64.6% |
| Dividend per share | — | $2.11 |
| Dividend yield | 4.4% | 3.0% |
| Share buybacks | $50.5m | $63.0m |
| Employees | 7,676 | 14,600 |
| Market value | $2.02bn | $8.84bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 42 (Weak) | 43 (Weak) |
| Insider trades, 12 months | 0 buys, 5 sales | 0 buys, 9 sales |