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 revenue experienced significant growth from 2020 to 2022 before contracting sharply in 2023 and remaining lower in 2024. Starting at USD 7,504 million in 2020, revenue surged to USD 11,778 million in 2021—a jump of roughly 57%—and continued upward to USD 15,794 million in 2022, marking an approximate 34% increase. However, 2023 saw a notable decline of about 20% relative to 2022, with revenue falling to USD 12,548 million, and 2024 revenue dipped further modestly to USD 12,142 million. Similar cyclical trends were observed in gross profit, operating income, and net income. For instance, gross profit expanded dramatically by over 240% from 2020’s USD 1,023 million to USD 3,495 million in 2021, then climbed moderately to USD 4,073 million in 2022, only to contract by nearly 45% to USD 2,219 million in 2023, with a subsequent decline to USD 1,957 million in 2024. Operating income and net income followed an analogous pattern, with exceptional gains in 2021—operating income increased from USD 429 million to USD 2,800 million and net income from USD 330 million to USD 2,015 million—suggesting robust profit margins and operational efficiency improvements during that period. However, both metrics experienced steep declines in 2023 (operating income fell by approximately 76% and net income by nearly 79%), likely driven by adverse market conditions or operational challenges, before showing a marginal recovery in 2024. Overall, the data indicates that while Westlake enjoyed strong performance in the early part of the period, the sharp downturn in 2023 raises questions about the consistency of its growth and profitability, underlining the need for closer analysis of the factors impacting its financial results to assess long-term sustainability within its competitive industry landscape.
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.