Westlake Chemical Partners
WLKP
#5467
Rank
$0.78 B
Marketcap
$22.23
Share price
0.32%
Change (1 day)
1.05%
Change (1 year)

Operating Margin for Westlake Chemical Partners (WLKP)

Operating Margin as of March 2024 (TTM): 23.72%

According to Westlake Chemical Partners's latest financial reports and stock price the company's current Operating Margin is 23.72%. At the end of 2021 the company had an Operating Margin of 33.81%.

Operating Margin history for Westlake Chemical Partners from 2013 to 2023

Operating Margin at the end of each year

Year Operating Margin Change
202133.81%-7.6%
202036.59%13.1%
201932.35%18.15%
201827.38%-14.62%
201732.07%-13.78%
201637.20%4.22%
201535.69%-13.23%
201441.13%2.38%
201340.18%46.75%
201227.38%59%
201117.22%

Operating Margin for similar companies or competitors

Company Operating Margin Operating Margin differencediff. Country
-57.14%-340.89%๐Ÿ‡บ๐Ÿ‡ธ USA
8.55%-63.95%๐Ÿ‡บ๐Ÿ‡ธ USA
-1.93%-108.14%๐Ÿ‡บ๐Ÿ‡ธ USA
11.22%-52.70%๐Ÿ‡บ๐Ÿ‡ธ USA

What is a company's Operating Margin

The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.