WLK Westlake Corporation Common Stock
$79.89
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026
52W Range
$56–$124
35% of range
Analyst Rating
HOLD
21 analysts
Price Target
$94
+17% upside
P/E (TTM)
-6.3
ROE
-15.6%
Net Profit Margin
-13.5%
About Westlake Corporation Common Stock Company overview from Wikipedia
Westlake Corporation is an international manufacturer and supplier of petrochemicals, polymers and fabricated building products, which are fundamental to various consumer and industrial markets. The company was founded by Ting Tsung Chao in 1986. it is the largest producer of low-density polyethylene (LDPE) in the US and ranks among the Forbes Global 2000. Westlake Chemical operates in two segments: Olefins and Vinyls, and is also an integrated producer of vinyls, with substantial downstream integration into polyvinyl chloride (PVC) building products.
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Westlake Corporation is an international manufacturer and supplier of petrochemicals, polymers and fabricated building products, which are fundamental to various consumer and industrial markets. The company was founded by Ting Tsung Chao in 1986. it is the largest producer of low-density polyethylene (LDPE) in the US and ranks among the Forbes Global 2000. Westlake Chemical operates in two segments: Olefins and Vinyls, and is also an integrated producer of vinyls, with substantial downstream integration into polyvinyl chloride (PVC) building products.
In 2026, it was ranked 388th among Houston-area Fortune 500 companies in the Greater Houston area.
Facilities
In 2014, Westlake made a significant expansion in their ethylene production facilities in Sulphur, Louisiana. In the same year, Westlake acquired the German polyvinyl chloride manufacturer Vinnolit.
In 2016, Westlake acquired U.S. chlor-alkali producer Axiall Corporation for US$3.8 billion.
In June 2021, Westlake purchased the United States building products business of Boral for $2.2 billion.
In 2022, Westlake took over Hexion's epoxy division.
Safety Incidents
In September 2021, an explosion at a Westlake ethylene plant in Sulphur, Louisiana injured six workers. In January 2022, an ethylene dichloride tank exploded at a Westlake facility in Westlake, Louisiana injuring 6 workers and triggering a shelter-in-place order.
Westlake facilities in Louisiana have had uncontrolled chemical releases including benzene, chloroform, ethylene dichloride, hydrogen chloride and vinyl chloride.
Westlake's operations in Calvert City, Kentucky, have faced scrutiny from regulators. In 2024, the U.S. Environmental Protection Agency (EPA) announced findings from a long-term air monitoring study in the surrounding community, and determined emissions of ethylene dichloride were driving elevated cancer risk. Westlake's Calvert City operations are the main source of ethylene dichloride emissions in the area, according to the EPA.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
WLK Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$79.89
Market Cap
—
P/E (TTM)
-6.3
EPS (TTM)
$-11.70
Revenue (TTM)
$11.17B
Div Yield
—
ROE
-15.6%
Debt/Equity
0.6
52W Range
$56 – $124
WLK Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$11.17B
2016-12-31
→
2025-12-31
EPS
$-11.70
2016-12-31
→
2025-12-31
Free Cash Flow
$-530M
2016-12-31
→
2025-12-31
Margins
-13.5%
2016-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
WLK
Peer Median
P/E (TTM)
-6.3
12.8
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
WLK
Peer Median
Gross Margin
7.3%
11.7%
Operating Margin
-14.1%
—
Net Profit Margin
-13.5%
-4.4%
ROA
-7.4%
-3.6%
ROE
-15.6%
-11.8%
ROIC
-10.1%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
WLK
Peer Median
Debt / Equity
0.6
54.9
Current Ratio
2.2
2.3
Quick Ratio
1.4
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
WLK
Peer Median
Revenue YoY
-8.0%
—
Revenue CAGR 3Y
-10.9%
—
Revenue CAGR 5Y
8.3%
—
EPS YoY
25.4%
—
Net Income YoY
25.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
WLK
Peer Median
Payout Ratio
-18.0%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
-18.0%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 27, 2026 | $0.5300 |
| March 3, 2026 | $0.5300 |
| Nov. 25, 2025 | $0.5300 |
| Aug. 19, 2025 | $0.5300 |
| May 20, 2025 | $0.5250 |
| March 4, 2025 | $0.5250 |
| Nov. 26, 2024 | $0.5250 |
| Aug. 20, 2024 | $0.5250 |
| May 20, 2024 | $0.5000 |
| Feb. 27, 2024 | $0.5000 |
| Nov. 20, 2023 | $0.5000 |
| Aug. 24, 2023 | $0.5000 |
| May 22, 2023 | $0.3570 |
| Feb. 28, 2023 | $0.3570 |
| Nov. 23, 2022 | $0.3570 |
| Aug. 19, 2022 | $0.3570 |
| May 20, 2022 | $0.2980 |
| Feb. 28, 2022 | $0.2980 |
| Nov. 22, 2021 | $0.2980 |
| Aug. 23, 2021 | $0.2980 |
WLK Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
21 analysts
- Strong Buy 2 9.5%
- Buy 8 38.1%
- Hold 10 47.6%
- Sell 1 4.8%
- Strong Sell 0 0.0%
12-Month Price Target
15 analysts · 2026-08-17
Median
$92.00
← Below all targets
$79.89
Low
$80.00
High
$114.00
Median target
$92.00
+15.2%
Mean target
$93.73
+17.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.15%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $2.01 | $1.79 | 0.22% |
| March 31, 2026 | $-0.77 | $-0.21 | -0.56% |
| Dec. 31, 2025 | $-0.29 | $-1.44 | 1.2% |
| Sept. 30, 2025 | $-0.29 | $0.25 | -0.54% |
| June 30, 2025 | $-0.09 | $0.10 | -0.19% |
| March 31, 2025 | $-0.31 | $0.65 | -0.96% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| WLK | — | -6.3 | -8.0% | -13.5% | -15.6% | 7.3% |
| DOW | — | -6.3 | -7.0% | -6.1% | -14.9% | — |
| CBT | $4.02B | 12.6 | -7.0% | 8.9% | 22.2% | 25.3% |
| HWKN | $3.16B | 38.9 | 11.2% | 7.5% | 15.7% | 22.6% |
| OLN | $2.37B | -23.7 | 3.7% | -1.5% | -5.2% | 7.4% |
| PCT | — | — | — | — | — | — |
| KRO | $508M | -4.6 | -1.5% | -6.0% | -13.9% | 11.5% |
| TROX | $661M | -1.4 | -5.7% | -16.2% | -29.6% | 9.3% |
| KOP | $527M | 9.9 | -10.2% | 3.0% | 10.5% | — |
| WLKP | — | — | 2.7% | 4.2% | — | 29.8% |
| MATV | $664M | -2.0 | 0.30% | -17.0% | -73.7% | 18.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.17B | $12.14B | $12.55B | $15.79B | $11.78B | $7.50B | $8.12B | $8.63B | $8.04B | $5.08B | $4.46B | $148M | |
| Cost of Revenue | $10.36B | $10.19B | $10.33B | $11.72B | $8.28B | $6.48B | $6.86B | $6.65B | $6.28B | $4.09B | $3.28B | $3.10B | |
| Gross Profit | $813M | $1.96B | $2.22B | $4.07B | $3.50B | $1.02B | $1.26B | $1.99B | $1.76B | $983M | $1.19B | $1.32B | |
| SG&A Expense | $900M | $874M | $865M | $835M | $551M | $449M | $458M | $445M | $399M | $258M | $218M | $184M | |
| Operating Income | $-1.58B | $875M | $729M | $3.05B | $2.80B | $429M | $656M | $1.41B | $1.23B | $583M | $960M | $1.12B | |
| Interest Expense | · | · | $165M | $177M | $176M | $142M | $124M | $126M | $159M | $79M | $35M | $37M | |
| Interest Income | · | · | · | · | · | · | · | · | · | $8M | $6M | $3M | |
| Other Non-op | $152M | $222M | $136M | $73M | $53M | $44M | $38M | $52M | $15M | $54M | $38M | $313.0K | |
| Pretax Income | $-1.60B | $938M | $700M | $2.95B | $2.68B | $331M | $570M | $1.33B | $1.08B | $558M | $963M | $1.08B | |
| Income Tax | $-126M | $291M | $178M | $649M | $607M | $-42M | $108M | $300M | $-258M | $138M | $298M | $399M | |
| Net Income | $-1.51B | $602M | $479M | $2.25B | $2.02B | $330M | $421M | $996M | $1.30B | $399M | $646M | $679M | |
| EPS (Basic) | $-11.70 | $4.66 | $3.73 | $17.46 | $15.66 | $2.57 | $3.26 | $7.66 | $10.05 | $3.07 | $4.88 | $5.09 | |
| EPS (Diluted) | $-11.70 | $4.64 | $3.70 | $17.34 | $15.58 | $2.56 | $3.25 | $7.62 | $10.00 | $3.06 | $4.86 | $5.07 | |
| Shares (Basic) | 128,260,331 | 128,535,226 | 127,806,317 | 127,970,445 | 128,002,911 | 127,850,592 | 128,395,184 | 129,401,823 | 129,087,043 | 129,367,712 | 131,823,707 | 133,111,230 | |
| Shares (Diluted) | 128,260,331 | 129,206,922 | 128,598,441 | 128,845,562 | 128,697,982 | 128,089,058 | 128,757,293 | 129,985,753 | 129,540,013 | 129,974,822 | 132,301,812 | 133,643,414 | |
| EBITDA | $-400M | $1.99B | $1.83B | $4.11B | $3.64B | $1.20B | $1.37B | $2.05B | $1.83B | $959M | $1.21B | $1.33B |
Balance Sheet 29
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.72B | $2.92B | $3.30B | $2.23B | $1.91B | $1.31B | $728M | $753M | $1.53B | $459M | $663M | $881M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | $0 | $520M | $0 | |
| Receivables | $1.23B | $1.31B | $1.39B | $1.65B | $1.74B | $1.08B | $938M | $952M | $961M | $810M | $509M | $561M | |
| Inventory | $1.65B | $1.70B | $1.62B | $1.87B | $1.41B | $918M | $936M | $1.01B | $900M | $801M | $434M | $526M | |
| Prepaid Expense | $131M | $115M | $82M | $78M | $80M | $32M | $42M | $38M | $31M | $48M | $14M | $12M | |
| Current Assets | $6.22B | $6.21B | $6.61B | $5.97B | $5.26B | $3.48B | $2.74B | $2.84B | $3.46B | $2.41B | $2.18B | $2.01B | |
| PP&E (Net) | $8.61B | $8.63B | $8.52B | $8.48B | $7.61B | $6.92B | $6.91B | $6.59B | $6.41B | $6.42B | $3.00B | $2.76B | |
| PP&E (Gross) | · | · | $12.83B | $12.31B | $11.09B | $10.10B | $9.53B | $8.74B | $8.36B | $7.95B | · | · | |
| Accum. Depreciation | $6.74B | $5.85B | $5.24B | $4.66B | $4.13B | $3.71B | $3.17B | $2.72B | $2.34B | $1.92B | $1.69B | $1.53B | |
| Goodwill | $1.31B | $2.03B | $2.04B | $2.16B | $2.02B | $1.08B | $1.07B | $1.00B | $1.01B | $947M | $62M | $62M | |
| Intangibles | $743M | $820M | $910M | $993M | $1.08B | $444M | $523M | $525M | $616M | $611M | · | · | |
| Other Non-current Assets | · | · | · | · | · | · | · | · | · | $2.06B | $390M | $384M | |
| Total Assets | $19.96B | $20.75B | $21.04B | $20.55B | $18.46B | $13.84B | $13.26B | $11.60B | $12.08B | $10.89B | $5.57B | $5.21B | |
| Accounts Payable | $783M | $851M | $877M | $889M | $879M | $536M | $473M | $507M | $600M | $496M | $235M | $261M | |
| Accrued Liabilities | $1.49B | $1.36B | $1.61B | $1.41B | $1.20B | $821M | $768M | $676M | $657M | $538M | $287M | $276M | |
| Short-term Debt | $28M | $29M | $13M | $3M | $15M | $7M | $26M | $1M | $0 | $149M | $0 | · | |
| Current Liabilities | $2.77B | $2.22B | $2.79B | $2.30B | $2.34B | $1.36B | $1.24B | $1.18B | $1.97B | $1.18B | $523M | $537M | |
| Capital Leases | $688M | $713M | $611M | $504M | $461M | $376M | $355M | $0 | · | · | · | · | |
| Deferred Tax | $1.34B | $1.55B | $1.56B | $1.74B | $1.68B | $1.37B | $1.25B | $1.16B | $1.11B | $1.65B | $576M | $536M | |
| Other Non-current Liabilities | $492M | $362M | $340M | $314M | $243M | $199M | $202M | $179M | $158M | $121M | $28M | $175M | |
| Total Liabilities | $10.67B | $9.71B | $10.27B | $10.09B | $9.93B | $7.26B | $6.86B | $5.53B | $6.71B | $7.00B | $2.01B | $2.01B | |
| Long-term Debt | $5.58B | $4.56B | $4.91B | $4.88B | $5.18B | $3.57B | $3.44B | $2.67B | $3.84B | $3.68B | $758M | · | |
| Total Debt | $5.61B | $4.59B | $4.92B | $4.88B | $5.20B | $3.57B | $3.47B | $2.67B | $3.84B | $3.83B | $764M | $764M | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Retained Earnings | $8.70B | $10.48B | $10.14B | $9.88B | $7.81B | $5.94B | $5.76B | $5.48B | $4.61B | $3.41B | $3.11B | $2.56B | |
| Treasury Stock | $513M | $467M | $435M | $467M | $399M | $401M | $377M | $382M | $302M | $319M | $258M | $96M | |
| AOCI | $-80M | $-144M | $-98M | $-89M | $-36M | $-64M | $-74M | $-62M | $7M | $-121M | $-129M | $-79M | |
| Stockholders' Equity | $8.79B | $10.53B | $10.24B | $9.93B | $7.96B | $6.04B | $5.86B | $5.59B | $4.87B | $3.52B | $3.27B | $2.91B | |
| Liabilities + Equity | $19.96B | $20.75B | $21.04B | $20.55B | $18.46B | $13.84B | $13.26B | $11.60B | $12.08B | $10.89B | $5.57B | $5.21B |
Cash Flow 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.18B | $1.11B | $1.10B | $1.06B | $840M | $773M | $713M | $641M | $601M | $378M | $246M | $208M | |
| Stock-based Comp | $41M | $41M | $43M | $36M | $31M | $29M | $25M | $22M | $23M | $14M | $10M | $9M | |
| Deferred Tax | $-177M | $-35M | $-175M | $-21M | $23M | $146M | $54M | $62M | $-534M | $101M | $40M | $59M | |
| Amort. of Intangibles | $124M | $117M | $122M | $155M | $123M | $109M | $109M | $101M | $108M | $38M | $7M | · | |
| Restructuring | · | $75M | · | · | · | $34M | $26M | · | · | · | · | · | |
| Other Non-cash | $931M | $-408M | $892M | $77M | $-515M | $19M | $88M | $-312M | $276M | $-122M | $263M | $155M | |
| Operating Cash Flow | $465M | $1.31B | $2.34B | $3.40B | $2.39B | $1.30B | $1.30B | $1.41B | $1.53B | $867M | $1.08B | $1.03B | |
| CapEx | $995M | $1.01B | $1.03B | $1.11B | $658M | $525M | $787M | $702M | $577M | $629M | $491M | $431M | |
| Investing Cash Flow | $-1.22B | $-1.00B | $-1.04B | $-2.48B | $-3.21B | $-509M | $-1.95B | $-754M | $-652M | $-2.56B | $-1.01B | $-773M | |
| Debt Issued | · | · | · | · | · | · | · | · | $745M | $1.43B | $0 | $0 | |
| Net Debt Issued | $-254M | $-300M | $0 | $-250M | $0 | $-1.25B | · | · | $745M | $1.43B | · | $0 | |
| Stock Repurchased | $63M | $60M | $23M | $101M | $30M | $54M | $30M | $106M | $0 | $67M | $163M | $53M | |
| Net Stock Activity | $-63M | $-60M | $-23M | $-101M | $-30M | $-54M | $-30M | $-106M | $0 | $-67M | $-162M | $-53M | |
| Dividends Paid | $272M | $264M | $221M | $169M | $145M | $137M | $132M | $120M | $103M | $97M | $92M | $78M | |
| Financing Cash Flow | $530M | $-650M | $-245M | $-587M | $1.44B | $-216M | $630M | $-1.43B | $6M | $1.69B | $-287M | $165M | |
| Net Change in Cash | $-195M | $-384M | $1.07B | $305M | $604M | $587M | $-25M | $-779M | $1.07B | $-204M | $-218M | $419M | |
| Taxes Paid | $104M | $422M | $421M | $570M | $466M | $-135M | $77M | $376M | $84M | $3M | $314M | $315M | |
| Free Cash Flow | $-530M | $306M | $1.30B | $2.29B | $1.74B | $772M | $514M | $707M | $961M | $205M | $587M | $601M | |
| Levered FCF | · | · | $1.18B | $2.15B | $1.60B | $612M | $413M | $609M | $764M | $146M | $563M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.3% | 16.1% | 17.7% | 25.8% | 29.7% | 13.6% | 15.5% | 23.0% | 22.0% | 513.2% | 1093.8% | 890.6% | |
| Operating Margin | -14.1% | 7.2% | 5.8% | 19.3% | 23.8% | 5.7% | 8.1% | 16.3% | 15.3% | 304.3% | 885.8% | 759.8% | |
| Net Margin | -13.5% | 5.0% | 3.8% | 14.2% | 17.1% | 4.4% | 5.2% | 11.5% | 16.2% | 208.7% | 596.2% | 458.7% | |
| Pretax Margin | -14.3% | 7.7% | 5.6% | 18.6% | 22.7% | 4.4% | 7.0% | 15.4% | 13.4% | 292.2% | 889.2% | · | |
| EBITDA Margin | -3.6% | 16.4% | 14.5% | 26.0% | 30.9% | 16.0% | 16.9% | 23.7% | 22.8% | 502.0% | 1112.6% | 900.8% | |
| ROA | -7.4% | 2.9% | 2.3% | 11.5% | 12.5% | 2.4% | 3.4% | 8.4% | 11.4% | 4.9% | 12.0% | 14.6% | |
| ROE | -15.6% | 5.8% | 4.8% | 25.1% | 28.8% | 5.5% | 7.3% | 19.0% | 31.1% | 11.8% | 20.9% | 25.5% | |
| ROIC | -10.1% | 4.0% | 3.6% | 16.1% | 16.5% | 5.0% | 5.7% | 13.2% | 17.5% | 5.9% | 16.4% | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.2 | 2.8 | 2.4 | 2.6 | 2.2 | 2.6 | 2.2 | 2.4 | 1.8 | 2.0 | 4.2 | 3.7 | |
| Quick Ratio | 1.4 | 1.9 | 1.7 | 1.7 | 1.6 | 1.8 | 1.3 | 1.4 | 1.3 | 1.2 | 3.2 | 2.7 | |
| Debt / Equity | 0.6 | 0.4 | 0.5 | 0.5 | 0.7 | 0.6 | 0.6 | 0.5 | 0.8 | 1.1 | 0.2 | 0.3 | |
| LT Debt / Equity | 0.6 | 0.4 | 0.4 | 0.5 | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 1.0 | 0.2 | 0.3 | |
| Interest Coverage | · | · | 4.4 | 17.2 | 15.9 | 3.0 | 5.3 | 11.2 | 7.8 | 7.3 | 27.7 | 30.1 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.6 | 0.6 | 0.8 | 0.7 | 0.6 | 0.7 | 0.7 | 0.7 | 0.0 | 0.0 | 0.0 | |
| Inventory Turnover | 6.2 | 6.1 | 5.9 | 7.2 | 7.1 | 7.0 | 7.0 | 6.9 | 7.4 | 6.6 | 6.8 | 6.2 | |
| Receivables Turnover | 8.8 | 9.0 | 8.2 | 9.3 | 8.4 | 7.4 | 8.6 | 9.0 | 9.1 | 0.3 | 0.2 | 0.3 |
Growth Rates 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -8.0% | -3.2% | -20.5% | 34.1% | 57.0% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -10.9% | 1.0% | 18.7% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 8.3% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | 25.4% | -78.7% | 11.3% | 508.6% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | -33.2% | 13.1% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | 25.7% | -78.7% | 11.5% | 510.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | -33.1% | 13.2% | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 14.7% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $11.17B | $12.14B | $12.55B | $15.79B | $11.78B | $7.50B | $8.12B | $8.63B | $8.04B | $5.08B | $4.46B | $148M | |
| Net Income TTM | $-1.51B | $602M | $479M | $2.25B | $2.02B | $330M | $421M | $996M | $1.30B | $399M | $646M | $679M | |
| P/E | -6.3 | 24.7 | 37.8 | 5.9 | 6.2 | 31.9 | 21.6 | 8.7 | 10.7 | 18.3 | 11.2 | 12.0 | |
| Earnings Yield | -15.8% | 4.0% | 2.6% | 16.9% | 16.0% | 3.1% | 4.6% | 11.5% | 9.4% | 5.5% | 8.9% | 8.3% | |
| Payout Ratio | -18.0% | 43.9% | 46.1% | 7.5% | 7.2% | 41.5% | 31.4% | 12.0% | 7.9% | 24.2% | 14.2% | 11.4% | |
| Annual Payout | $272M | $264M | $221M | $169M | $145M | $137M | $132M | $120M | $103M | $97M | $92M | $78M |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.27B | $2.65B | $2.53B | $2.84B | $2.95B | $2.85B | $2.84B | $3.12B | $3.21B | $2.98B | $2.83B | $3.12B | $3.25B | $3.36B | $3.30B | $3.96B | |
| Cost of Revenue | $2.62B | $2.54B | $2.45B | $2.60B | $2.69B | $2.61B | $2.52B | $2.62B | $2.54B | $2.51B | $2.63B | $2.53B | $2.61B | $2.56B | $2.73B | $3.18B | |
| Gross Profit | $652M | $112M | $87M | $236M | $258M | $232M | $328M | $499M | $664M | $466M | $199M | $586M | $642M | $792M | $567M | $776M | |
| SG&A Expense | $253M | $236M | $224M | $228M | $221M | $227M | $226M | $215M | $224M | $209M | $224M | $206M | $213M | $222M | $200M | $215M | |
| Operating Income | $364M | $-172M | $-671M | $-766M | $-109M | $-32M | $66M | $180M | $406M | $223M | $-552M | $349M | $396M | $536M | $327M | $516M | |
| Interest Expense | · | · | · | · | · | · | · | · | $41M | $40M | · | $40M | $42M | $42M | · | $44M | |
| Other Non-op | $29M | $38M | $59M | $32M | $24M | $37M | $69M | $44M | $59M | $50M | $35M | $56M | $23M | $22M | $21M | $24M | |
| Pretax Income | $338M | $-190M | $-663M | $-775M | $-125M | $-34M | $96M | $185M | $424M | $233M | $-558M | $365M | $377M | $516M | $305M | $496M | |
| Income Tax | $67M | $-33M | $-130M | $-3M | $6M | $1M | $77M | $65M | $101M | $48M | $-71M | $70M | $70M | $109M | $57M | $84M | |
| Net Income | $260M | $-169M | $-544M | $-782M | $-142M | $-40M | $7M | $108M | $313M | $174M | $-497M | $285M | $297M | $394M | $232M | $401M | |
| EPS (Basic) | $2.02 | $-1.31 | $-4.22 | $-6.06 | $-1.11 | $-0.31 | $0.05 | $0.84 | $2.42 | $1.35 | $-3.88 | $2.22 | $2.32 | $3.07 | $1.82 | $3.12 | |
| EPS (Diluted) | $2.01 | $-1.31 | $-4.22 | $-6.06 | $-1.11 | $-0.31 | $0.07 | $0.83 | $2.40 | $1.34 | $-3.86 | $2.20 | $2.31 | $3.05 | $1.81 | $3.10 | |
| Shares (Basic) | 128,039,859 | 127,992,500 | -256,538,147 | 128,251,427 | 128,238,514 | 128,308,537 | -257,040,124 | 128,638,632 | 128,576,735 | 128,359,983 | -255,245,775 | 127,854,464 | 127,649,341 | 127,548,287 | -256,385,442 | 127,943,400 | |
| Shares (Diluted) | 128,500,530 | 127,992,500 | -256,538,147 | 128,251,427 | 128,238,514 | 128,308,537 | -258,504,629 | 129,340,461 | 129,350,720 | 129,020,370 | -256,928,870 | 128,583,927 | 128,484,016 | 128,459,368 | -258,167,645 | 128,747,012 | |
| EBITDA | $650M | $112M | · | $-463M | $186M | $251M | · | $461M | $685M | $496M | · | $626M | $667M | $803M | · | $780M |
Balance Sheet 26
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.64B | $2.27B | $2.72B | $1.93B | $2.08B | $2.30B | $2.92B | $2.92B | $3.04B | $3.11B | · | $3.06B | $2.68B | $2.41B | · | $1.78B | |
| Receivables | $1.69B | $1.36B | $1.23B | $1.43B | $1.59B | $1.46B | $1.31B | $1.56B | $1.67B | $1.52B | · | $1.57B | $1.64B | $1.73B | · | $1.97B | |
| Inventory | $1.75B | $1.68B | $1.65B | $1.73B | $1.73B | $1.78B | $1.70B | $1.75B | $1.68B | $1.66B | · | $1.67B | $1.67B | $1.84B | · | $2.02B | |
| Prepaid Expense | $120M | $109M | $131M | $136M | $106M | $104M | $115M | $133M | $71M | $66M | · | $89M | $93M | $55M | · | $118M | |
| Current Assets | $5.69B | $5.95B | $6.22B | $5.75B | $5.95B | $6.02B | $6.21B | $6.55B | $6.61B | $6.53B | · | $6.76B | $6.30B | $6.15B | · | $6.10B | |
| PP&E (Net) | $8.65B | $8.58B | $8.61B | $8.82B | $8.83B | $8.67B | $8.63B | $8.60B | $8.54B | $8.52B | · | $8.57B | $8.55B | $8.52B | · | $8.30B | |
| Accum. Depreciation | · | · | $6.74B | · | · | · | $5.85B | · | · | · | · | · | · | · | · | · | |
| Goodwill | $1.35B | $1.34B | $1.31B | $1.31B | $2.04B | $2.03B | $2.03B | $2.04B | $2.04B | $2.04B | $2.04B | $2.16B | $2.17B | $2.17B | $2.16B | $2.14B | |
| Intangibles | $741M | $763M | $743M | $765M | $785M | $802M | $820M | $843M | $869M | $889M | · | $933M | $955M | $974M | · | $1.00B | |
| Total Assets | $19.44B | $19.71B | $19.96B | $19.81B | $20.81B | $20.71B | $20.75B | $21.11B | $21.08B | $20.96B | · | $21.40B | $20.98B | $20.81B | · | $20.43B | |
| Accounts Payable | $890M | $811M | $783M | $799M | $926M | $955M | $851M | $898M | $885M | $891M | · | $811M | $802M | $828M | · | $994M | |
| Accrued Liabilities | $1.43B | $1.44B | $1.49B | $1.35B | $1.48B | $1.33B | $1.36B | $1.45B | $1.35B | $1.46B | · | $1.55B | $1.33B | $1.33B | · | $1.46B | |
| Short-term Debt | · | · | $28M | · | · | · | $29M | · | · | · | · | · | · | · | · | · | |
| Current Liabilities | $2.32B | $2.74B | $2.77B | $2.90B | $2.40B | $2.29B | $2.22B | $2.35B | $2.54B | $2.65B | · | $2.66B | $2.13B | $2.16B | · | $2.46B | |
| Capital Leases | $681M | $672M | $688M | $709M | $731M | $732M | $713M | $730M | $689M | $622M | · | $542M | $536M | $531M | · | $474M | |
| Deferred Tax | $1.37B | $1.39B | $1.34B | $1.58B | $1.52B | $1.55B | $1.55B | $1.51B | $1.51B | $1.54B | · | $1.68B | $1.69B | $1.72B | · | $1.80B | |
| Other Non-current Liabilities | $525M | $500M | $492M | $463M | $378M | $330M | $362M | $356M | $315M | $343M | · | $307M | $293M | $323M | · | $292M | |
| Total Liabilities | $10.23B | $10.66B | $10.67B | $9.88B | $10.02B | $9.79B | $9.71B | $9.92B | $9.99B | $10.11B | · | $10.11B | $9.90B | $9.98B | · | $10.24B | |
| Long-term Debt | $5.07B | $5.57B | $5.58B | $4.66B | $4.66B | $4.59B | $4.56B | $4.62B | $4.88B | $4.89B | · | $4.87B | $4.89B | $4.89B | · | $4.82B | |
| Total Debt | $5.07B | $5.57B | · | $4.66B | $4.66B | $4.59B | · | $4.62B | $4.88B | $4.89B | · | $4.87B | $4.89B | $4.89B | · | $4.82B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $1M | |
| Retained Earnings | $8.65B | $8.46B | $8.70B | $9.31B | $10.16B | $10.37B | $10.48B | $10.54B | $10.50B | $10.25B | · | $10.71B | $10.48B | $10.23B | · | $9.70B | |
| Treasury Stock | $532M | $504M | $513M | $484M | $484M | $484M | $467M | $408M | $413M | $414M | · | $440M | $463M | $465M | · | $439M | |
| AOCI | $-116M | $-99M | $-80M | $-77M | $-64M | $-130M | $-144M | $-117M | $-149M | $-132M | · | $-131M | $-79M | $-67M | $-89M | $-231M | |
| Stockholders' Equity | $8.71B | $8.55B | $8.79B | $9.43B | $10.28B | $10.41B | $10.53B | $10.66B | $10.57B | $10.33B | · | $10.75B | $10.54B | $10.29B | · | $9.62B | |
| Liabilities + Equity | $19.44B | $19.71B | $19.96B | $19.81B | $20.81B | $20.71B | $20.75B | $21.11B | $21.08B | $20.96B | · | $21.40B | $20.98B | $20.81B | · | $20.43B |
Cash Flow 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $286M | $284M | $297M | $303M | $295M | $283M | $281M | $281M | $279M | $273M | $282M | $277M | $271M | $267M | $271M | $264M | |
| Stock-based Comp | $13M | $7M | $11M | $11M | $12M | $7M | $10M | $11M | $11M | $9M | $12M | $10M | $12M | $9M | $10M | $9M | |
| Deferred Tax | $-20M | $34M | $-217M | $59M | $-18M | $-1M | $23M | $0 | $-36M | $-22M | $-108M | $-16M | $-35M | $-16M | $-65M | $-37M | |
| Amort. of Intangibles | $32M | $30M | $33M | $30M | $31M | $30M | $28M | $29M | $30M | $30M | $30M | $31M | $30M | $31M | $31M | $39M | |
| Restructuring | $3M | $18M | · | $17M | $115M | $7M | · | $75M | $4M | $4M | · | $0 | · | · | · | · | |
| Other Non-cash | · | $-250M | · | · | · | $-326M | · | · | · | $-265M | · | · | · | $-142M | · | · | |
| Operating Cash Flow | $318M | $-94M | $225M | $182M | $135M | $-77M | $434M | $474M | $237M | $169M | $573M | $696M | $555M | $512M | $835M | $947M | |
| CapEx | $207M | $209M | $241M | $239M | $267M | $248M | $285M | $220M | $231M | $272M | $282M | $245M | $240M | $267M | $297M | $318M | |
| Investing Cash Flow | $-320M | $-271M | $-255M | $-242M | $-292M | $-434M | $-265M | $-241M | $-223M | $-272M | $-287M | $-251M | $-236M | $-263M | $-331M | $-345M | |
| Stock Repurchased | $30M | $0 | $33M | $0 | $0 | $30M | $60M | $0 | $0 | $0 | $0 | $0 | $1M | $22M | $33M | $37M | |
| Net Stock Activity | · | $0 | · | · | · | $-30M | · | · | · | $0 | · | · | · | $-22M | · | · | |
| Dividends Paid | $69M | $68M | $68M | $68M | $68M | $68M | $67M | $67M | $65M | $65M | $65M | $64M | $45M | $47M | $46M | $46M | |
| Financing Cash Flow | $-622M | $-82M | $815M | $-88M | $-82M | $-115M | $-133M | $-371M | $-72M | $-74M | $-70M | $-44M | $-56M | $-75M | $-107M | $-103M | |
| Net Change in Cash | $-628M | $-452M | $797M | $-157M | $-213M | $-622M | $4M | $-127M | $-66M | $-195M | $247M | $380M | $263M | $183M | $440M | $462M | |
| Taxes Paid | · | · | $-1M | $26M | $49M | $30M | $76M | $105M | $195M | $46M | $33M | $83M | $282M | $23M | $41M | $174M | |
| Free Cash Flow | · | $-303M | · | · | · | $-325M | · | · | · | $-103M | · | · | · | $245M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-135M | · | · | · | $212M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.9% | 4.2% | · | 8.3% | 8.7% | 8.2% | · | 16.0% | 20.7% | 15.7% | · | 18.8% | 19.8% | 23.6% | · | 19.6% | |
| Operating Margin | 11.1% | -6.5% | · | -27.0% | -3.7% | -1.1% | · | 5.8% | 12.7% | 7.5% | · | 11.2% | 12.2% | 16.0% | · | 13.0% | |
| Net Margin | 8.0% | -6.4% | · | -27.6% | -4.8% | -1.4% | · | 3.5% | 9.8% | 5.9% | · | 9.2% | 9.1% | 11.7% | · | 10.1% | |
| Pretax Margin | 10.3% | -7.2% | · | -27.3% | -4.2% | -1.2% | · | 5.9% | 13.2% | 7.8% | · | 11.7% | 11.6% | 15.4% | · | 12.5% | |
| EBITDA Margin | 19.9% | 4.2% | · | -16.3% | 6.3% | 8.8% | · | 14.8% | 21.4% | 16.7% | · | 20.1% | 20.5% | 23.9% | · | 19.7% | |
| ROA | 1.3% | -0.84% | · | -3.8% | -0.68% | -0.19% | · | 0.51% | 1.5% | 0.83% | · | 1.4% | 1.4% | 1.9% | · | 2.1% | |
| ROE | 2.7% | -1.8% | · | -7.8% | -1.4% | -0.39% | · | 1.0% | 3.0% | 1.7% | · | 2.8% | 3.0% | 4.2% | · | 4.7% | |
| ROIC | 2.1% | -1.0% | · | -5.4% | -0.76% | -0.22% | · | 0.76% | 2.0% | 1.2% | · | 1.8% | 2.1% | 2.8% | · | 3.0% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.5 | 2.2 | · | 2.0 | 2.5 | 2.6 | · | 2.8 | 2.6 | 2.5 | · | 2.5 | 3.0 | 2.8 | · | 2.5 | |
| Quick Ratio | 1.4 | 1.3 | · | 1.2 | 1.5 | 1.6 | · | 1.9 | 1.9 | 1.7 | · | 1.7 | 2.0 | 1.9 | · | 1.5 | |
| Debt / Equity | 0.6 | 0.7 | · | 0.5 | 0.5 | 0.4 | · | 0.4 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | |
| LT Debt / Equity | 0.6 | 0.6 | · | 0.4 | 0.5 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.5 | 0.5 | · | 0.5 | |
| Interest Coverage | · | · | · | · | · | · | · | · | 9.9 | 5.6 | · | 8.7 | 9.4 | 12.8 | · | 11.7 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.2 | 0.1 | · | 0.1 | 0.2 | 0.2 | · | 0.2 | |
| Inventory Turnover | 1.5 | 1.5 | · | 1.5 | 1.6 | 1.5 | · | 1.5 | 1.5 | 1.4 | · | 1.4 | 1.4 | 1.4 | · | 2.0 | |
| Receivables Turnover | 2.0 | 1.9 | · | 1.9 | 1.8 | 1.9 | · | 2.0 | 1.9 | 1.8 | · | 1.8 | 1.6 | 1.7 | · | 2.3 |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $11.71B | $11.29B | · | $11.75B | $12.12B | $12.14B | · | $12.41B | $12.55B | $12.70B | · | $13.68B | $15.05B | $15.85B | · | $15.55B | |
| Net Income TTM | $-833M | $-1.13B | · | $-856M | $239M | $555M | · | $880M | $1.07B | $1.15B | · | $1.38B | $1.95B | $2.41B | · | $2.62B | |
| P/E | -11.3 | -13.3 | · | -11.6 | 42.0 | 23.5 | · | 22.2 | 17.6 | 17.2 | · | 11.7 | 7.9 | 6.2 | · | 4.3 | |
| Earnings Yield | -8.9% | -7.5% | · | -8.6% | 2.4% | 4.3% | · | 4.5% | 5.7% | 5.8% | · | 8.6% | 12.6% | 16.0% | · | 23.3% | |
| Payout Ratio | · | -40.2% | · | · | · | -170.0% | · | · | · | 37.4% | · | · | · | 11.9% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $11.17B | $12.14B | $12.55B | $15.79B | $11.78B |
| Gross Margin % | 7.3% | 16.1% | 17.7% | 25.8% | 29.7% |
| Operating Margin % | -14.1% | 7.2% | 5.8% | 19.3% | 23.8% |
| Net Income | $-1.51B | $602M | $479M | $2.25B | $2.02B |
| Diluted EPS | $-11.70 | $4.64 | $3.70 | $17.34 | $15.58 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.6 | 0.4 | 0.5 | 0.5 | 0.7 |
| Current Ratio | 2.2 | 2.8 | 2.4 | 2.6 | 2.2 |
| Quick Ratio | 1.4 | 1.9 | 1.7 | 1.7 | 1.6 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-530M | $306M | $1.30B | $2.29B | $1.74B |
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Institutional owners (13F) 385 filers · $1.9B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 89 (-5 vs prior Q) | 61 (+16 vs prior Q) | 106 (+2 vs prior Q) | 106 (+11 vs prior Q) | +5.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Capital World Investors | $207,491,404 | 2,842,348 | 10.80% | Shares |
| Orbis Allan Gray Ltd | $151,869,127 | 2,080,399 | 7.90% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $140,514,851 | 1,924,861 | 7.31% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $127,941,771 | 1,752,627 | 6.66% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $106,888,279 | 1,464,223 | 5.56% | Shares |
| STATE STREET CORP | $106,098,711 | 1,453,407 | 5.52% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $74,601,985 | 1,021,945 | 3.88% | Shares |
| GOLDMAN SACHS GROUP INC | $54,644,077 | 748,549 | 2.84% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $51,782,915 | 709,355 | 2.69% | Shares |
| CITADEL ADVISORS LLC | $46,636,853 | 638,861 | 2.43% | Shares |
| Balyasny Asset Management L.P. | $45,687,707 | 625,859 | 2.38% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $42,976,550 | 588,559 | 2.24% | Shares |
| Woodline Partners LP | $32,994,978 | 451,986 | 1.72% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $28,086,426 | 375,889 | 1.46% | Shares |
| MILLENNIUM MANAGEMENT LLC | $26,723,402 | 366,074 | 1.39% | Shares |
| FMR LLC | $25,437,073 | 348,453 | 1.32% | Shares |
| ExodusPoint Capital Management, LP | $23,885,235 | 327,195 | 1.24% | Shares |
| DEPRINCE RACE & ZOLLO INC | $23,757,216 | 203,366 | 1.24% | Shares |
| Qube Research & Technologies Ltd | $23,485,414 | 321,718 | 1.22% | Shares |
| Erste Asset Management GmbH | $22,789,600 | 305,000 | 1.19% | Shares |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | $19,595,682 | 268,434 | 1.02% | Shares |
| BlackRock, Inc. | $19,089,135 | 261,495 | 0.99% | Shares |
| Susquehanna Portfolio Strategies, LLC | $16,818,908 | 230,396 | 0.88% | Shares |
| ProShare Advisors LLC | $16,667,287 | 228,319 | 0.87% | Shares |
| NORGES BANK | $15,629,373 | 214,101 | 0.81% | Shares |
| VANGUARD GROUP INC | $15,352,828 | 207,639 | 0.80% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $15,304,450 | 209,650 | 0.80% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $14,203,677 | 121,586 | 0.74% | Shares |
| BANK OF AMERICA CORP /DE/ | $13,656,256 | 187,072 | 0.71% | Shares |
| D. E. Shaw & Co., Inc. | $11,711,682 | 160,434 | 0.61% | Shares |
| SPROTT INC. | $11,688,030 | 160,110 | 0.61% | Shares |
| Cerity Partners LLC | $10,953,775 | 150,052 | 0.57% | Shares |
| Campbell & CO Investment Adviser LLC | $10,817,140 | 148,180 | 0.56% | Shares |
| TWO SIGMA ADVISERS, LP | $10,699,118 | 144,700 | 0.56% | Shares |
| Lighthouse Investment Partners, LLC | $9,881,392 | 135,361 | 0.51% | Shares |
| Recurrent Investment Advisors LLC | $9,400,283 | 128,771 | 0.49% | Shares |
| Quantinno Capital Management LP | $8,995,651 | 123,228 | 0.47% | Shares |
| Nuveen Asset Management, LLC | $8,327,947 | 72,638 | 0.43% | Shares |
| TUDOR INVESTMENT CORP ET AL | $8,081,830 | 110,710 | 0.42% | Shares |
| ALLIANCEBERNSTEIN L.P. | $7,709,302 | 65,993 | 0.40% | Shares |
| MACKENZIE FINANCIAL CORP | $7,657,919 | 104,903 | 0.40% | Shares |
| Thomist Capital Management, LP | $7,022,600 | 96,200 | 0.37% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $6,891,200 | 94,400 | 0.36% | Shares |
| Point72 Asset Management, L.P. | $6,550,363 | 89,731 | 0.34% | Shares |
| Alberta Investment Management Corp | $6,511,600 | 89,200 | 0.34% | Shares |
| RHUMBLINE ADVISERS | $6,300,265 | 86,305 | 0.33% | Shares |
| Walleye Capital LLC | $6,047,831 | 82,847 | 0.31% | Shares |
| Meiji Yasuda Asset Management Co Ltd. | $6,042,794 | 82,778 | 0.31% | Shares |
| MARSHALL WACE, LLP | $5,900,444 | 80,828 | 0.31% | Shares |
| Squarepoint Ops LLC | $5,837,591 | 79,967 | 0.30% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $5,670,567 | 77,679 | 0.30% | Shares |
| NATIXIS | $5,629,541 | 77,117 | 0.29% | Shares |
| PDT Partners, LLC | $5,531,721 | 75,777 | 0.29% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $5,495,075 | 75,275 | 0.29% | Shares |
| CITADEL ADVISORS LLC | $5,387,400 | 73,800 | 0.28% | Call option |
| AGMAN CAPITAL LLC | $5,216,945 | 71,465 | 0.27% | Shares |
| Engineers Gate Manager LP | $5,204,973 | 71,301 | 0.27% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $5,193,700 | 44,459 | 0.27% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,971,300 | 68,100 | 0.26% | Call option |
| Bank of New York Mellon Corp | $4,735,656 | 64,872 | 0.25% | Shares |
| Swiss National Bank | $4,686,600 | 64,200 | 0.24% | Shares |
| Russell Investments Group, Ltd. | $4,644,552 | 63,624 | 0.24% | Shares |
| Turas Capital Management LP | $4,292,400 | 58,800 | 0.22% | Shares |
| Assenagon Asset Management S.A. | $4,036,097 | 55,289 | 0.21% | Shares |
| Merewether Investment Management, LP | $3,901,047 | 53,439 | 0.20% | Shares |
| AXQ CAPITAL, LP | $3,754,901 | 51,437 | 0.20% | Shares |
| WELLS FARGO & COMPANY/MN | $3,470,732 | 47,544 | 0.18% | Shares |
| Mariner, LLC | $3,454,627 | 47,319 | 0.18% | Shares |
| TWO SIGMA INVESTMENTS, LP | $3,311,061 | 45,357 | 0.17% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,212,000 | 44,000 | 0.17% | Put option |
| NEW YORK STATE COMMON RETIREMENT FUND | $2,987,598 | 40,926 | 0.16% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $2,712,315 | 37,155 | 0.14% | Shares |
| CITIGROUP INC | $2,660,266 | 36,442 | 0.14% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $2,615,079 | 35,823 | 0.14% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $2,605,735 | 35,695 | 0.14% | Shares |
| HITE Hedge Asset Management LLC | $2,524,997 | 34,589 | 0.13% | Shares |
| Retirement Systems of Alabama | $2,515,142 | 34,454 | 0.13% | Shares |
| Cubist Systematic Strategies, LLC | $2,419,376 | 31,396 | 0.13% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $2,379,800 | 32,600 | 0.12% | Shares |
| ABN AMRO INVESTMENT SOLUTIONS | $2,306,581 | 31,597 | 0.12% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $2,277,892 | 31,204 | 0.12% | Shares |
| AMERIPRISE FINANCIAL INC | $2,247,232 | 30,784 | 0.12% | Shares |
| BRANDES INVESTMENT PARTNERS, LP | $2,224,237 | 30,469 | 0.12% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $2,192,920 | 30,040 | 0.11% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $2,159,744 | 29,586 | 0.11% | Shares |
| FIRST TRUST ADVISORS LP | $2,007,208 | 27,496 | 0.10% | Shares |
| Freestone Grove Partners LP | $1,989,104 | 27,248 | 0.10% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $1,932,790 | 26,477 | 0.10% | Shares |
| S.A.C. Capital Advisors (Hong Kong) Ltd. | $1,916,559 | 24,871 | 0.10% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,909,315 | 26,155 | 0.10% | Shares |
| Northeast Financial Consultants Inc | $1,883,064 | 24,800 | 0.10% | Shares |
| Man Group plc | $1,876,465 | 25,705 | 0.10% | Shares |
| BARCLAYS PLC | $1,836,388 | 25,156 | 0.10% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,763,861 | 24,162 | 0.09% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $1,715,865 | 23,505 | 0.09% | Shares |
| CITADEL ADVISORS LLC | $1,664,400 | 22,800 | 0.09% | Put option |
| Vident Advisory, LLC | $1,631,331 | 22,347 | 0.08% | Shares |
| HSBC HOLDINGS PLC | $1,587,159 | 21,730 | 0.08% | Shares |
| JANE STREET GROUP, LLC | $1,574,026 | 21,562 | 0.08% | Shares |
| Summit Trail Advisors, LLC | $1,552,418 | 21,266 | 0.08% | Shares |
Company insiders 47 insiders · 25 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jean-Marc Gilson | President and CEO | Feb. 20, 2026 A | — | 0 | 0 | $0 |
| Jonathan Baksht | SVP and CFO | June 15, 2026 A | — | 0 | 0 | $0 |
| Mark Steven Bender | EVP & CFO | May 12, 2026 M | 35,895 | 0 | 3 | $-3,604,118 |
| GIBBONS JOHN D | Senior Vice President & CFO | May 15, 2006 A | 1,548 | 0 | 0 | $0 |
| Ruth I Dreessen | Senior Vice President and CFO | Sept. 9, 2005 A | 2,965 | 0 | 0 | $0 |
| Robert F. Buesinger | EVP, PEM Segment Head | March 27, 2026 S | 34,482 | 0 | 1 | $-461,000 |
| Scott Thomas Szwejbka | SVP, HIP Segment Head | Feb. 20, 2026 A | 13,773 | 0 | 0 | $0 |
| Jeffrey Adam Holy | VP and CAO | Feb. 20, 2026 A | 5,124 | 0 | 0 | $0 |
| Benjamin L. Ederington | EVP, Legal & External Affairs | Feb. 20, 2026 A | 80,158 | 0 | 0 | $0 |
| James Chao | Senior Chairman | Feb. 20, 2026 A | 49,774 | 0 | 0 | $0 |
| Thomas J. Janssens | SVP, Ops - PEM & Corp Logistic | Feb. 21, 2025 A | 17,127 | 0 | 0 | $0 |
| Johnathan Stevan Zoeller | VP and CAO | March 21, 2024 M | 4,416 | 0 | 0 | $0 |
| Roger L. Kearns | EVP, Vinyls Chemicals | April 30, 2018 A | — | 0 | 0 | $0 |
| Andrew Kenner | SVP - Chemical Manufacturing | March 9, 2018 M | 11,437 | 0 | 0 | $0 |
| George J Mangieri | SVP & Chief Accounting Officer | March 5, 2018 S | 2,160 | 0 | 0 | $0 |
| Lawrence E. Teel | EVP, Olefins | Feb. 26, 2018 M | 2,122 | 0 | 0 | $0 |
| Simon Bates | VP, Building Products | Sept. 9, 2016 F | 14,930 | 0 | 0 | $0 |
| Jeffrey L Taylor | Sr VP, Polyethylene | May 26, 2015 M | 20,206 | 0 | 0 | $0 |
| David R Hansen | Sr VP Adminstration | Feb. 20, 2015 A | 25,807 | 0 | 0 | $0 |
| Stephen Wallace | VP, General Counsel, Secretary | Aug. 1, 2013 M | 25,163 | 0 | 0 | $0 |
| Donald Marion Condon Jr | Sr VP, Corp Bus Dev | March 13, 2013 M | 13,106 | 0 | 0 | $0 |
| Andrew Johannesen | Vice President & Treasurer | Jan. 4, 2011 A | — | 0 | 0 | $0 |
| Wayne D Morse | Sr VP, Vinyls | March 3, 2010 A | 26,009 | 0 | 0 | $0 |
| Warren W Wilder | Senior Vice President | March 17, 2008 F | 24,085 | 0 | 0 | $0 |
| Tai Li Keng | Vice President and Treasurer | Aug. 16, 2004 A | 1,100 | 0 | 0 | $0 |
| John Tsung-Chen Chao | Director | Feb. 20, 2026 A | 7,888 | 0 | 0 | $0 |
| Marius Haas | Director | Aug. 11, 2024 M | 11,631 | 0 | 0 | $0 |
| Dorothy C Jenkins | Director | May 18, 2018 A | 54,678 | 0 | 0 | $0 |
| Robert T Blakely | Director | May 18, 2018 A | 7,662 | 0 | 0 | $0 |
| John H Riley JR | Director | May 18, 2018 A | 21,692 | 0 | 0 | $0 |
| Max L Lukens | Director | May 18, 2018 A | 3,280 | 0 | 0 | $0 |
| William E Barnett | Director | Nov. 29, 2012 M | 10,559 | 0 | 0 | $0 |
| Gilbert R Whitaker Jr | Director | Aug. 21, 2006 A | 1,612 | 0 | 0 | $0 |
| TTWF LP | 10% owner | May 2, 2006 S | 46,005,277 | 0 | 0 | $0 |
| TTWFGP LLC | 10% owner | May 2, 2006 S | 46,005,277 | 0 | 0 | $0 |
| Catherine T. Chao | — | Aug. 14, 2026 A | 7,748 | 0 | 0 | $0 |
| Carolyn Chao Sabat | — | Aug. 14, 2026 A | 5,748 | 0 | 0 | $0 |
| David Tsung-Hung Chao | — | Aug. 14, 2026 A | 11,080 | 0 | 0 | $0 |
| Bhavesh V. Patel | — | Aug. 14, 2026 A | — | 0 | 0 | $0 |
| Michael J Graff | — | Aug. 14, 2026 A | 23,310 | 0 | 0 | $0 |
| Kimberly S. Bowers | — | Aug. 14, 2026 A | 13,821 | 0 | 0 | $0 |
| Jeffrey Wayne Sheets | — | Aug. 14, 2026 A | 14,927 | 0 | 0 | $0 |
| Bruce R Northcutt | — | Aug. 14, 2026 A | 23,351 | 0 | 0 | $0 |
| Roger A Cregg | — | Aug. 14, 2026 A | 3,507 | 0 | 0 | $0 |
| Mark A Mccollum | — | Aug. 14, 2026 A | 11,824 | 0 | 0 | $0 |
| Albert Chao | — | Aug. 11, 2026 M | 642,880 | 0 | 2 | $-3,120,774 |
| Michael J. Mattina | — | Feb. 14, 2017 M | 6,506 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 91 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| MGNR · AMERICAN BEACON SELECT FUNDS | 1.89% | 130,789 NS | April 30, 2026 | N-PORT |
| FCUS · Tidal Trust II | 1.80% | 19,440 NS | May 31, 2026 | N-PORT |
| REGL · ProShares Trust | 1.18% | 227,830 NS | May 31, 2026 | N-PORT |
| SNPD · DBX ETF Trust | 1.11% | 332 NS | May 29, 2026 | N-PORT |
| VRAI · ETFis Series Trust I | 1.09% | 1,736 NS | April 30, 2026 | N-PORT |
| RFV · Invesco Exchange-Traded Fund Trust | 0.97% | 42,685 SH | Aug. 8, 2026 | Daily |
| FXZ · First Trust Exchange-Traded AlphaDE… | 0.78% | 26,087 NS | April 30, 2026 | N-PORT |
| PAVE · Global X Funds | 0.60% | 939,919 NS | May 31, 2026 | N-PORT |
| CGMM · Capital Group Equity ETF Trust I | 0.45% | 143,933 NS | May 31, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.38% | 67,028 SH | Aug. 8, 2026 | Daily |
| FMAT · FIDELITY COVINGTON TRUST | 0.28% | 14,870 NS | April 30, 2026 | N-PORT |
| DFVE · DoubleLine ETF Trust | 0.26% | 616 NS | March 31, 2026 | N-PORT |
| IYM · iShares Trust | 0.25% | 32,613 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.23% | 151,400 NS | April 30, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.21% | 22,615 SH | Aug. 8, 2026 | Daily |
| VAW · VANGUARD WORLD FUND | 0.15% | 93,853 SH | Aug. 8, 2026 | Daily |
| IJJ · iShares Trust | 0.15% | 169,165 SH | Aug. 8, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.14% | 28,605 SH | Aug. 8, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.13% | 160,000 | Aug. 8, 2026 | Daily |
| FTLS · First Trust Exchange-Traded Fund III | 0.13% | 24,999 NS | April 30, 2026 | N-PORT |
| MIDE · DBX ETF Trust | 0.12% | 45 NS | May 29, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.11% | 3,832 NS | April 30, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.10% | 5,561 NS | April 30, 2026 | N-PORT |
| IFRA · iShares Trust | 0.09% | 55,487 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.09% | 108,959 NS | April 30, 2026 | N-PORT |
| XJH · iShares Trust | 0.08% | 4,492 SH | Aug. 8, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | 0.08% | 11,904,000 PA | Aug. 8, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 13,775 NS | April 30, 2026 | N-PORT |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.08% | 4,420 SH | Aug. 8, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.08% | 553 NS | April 30, 2026 | N-PORT |
| ISCG · iShares Trust | 0.07% | 9,288 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.07% | 1,149,166 SH | Aug. 8, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.07% | 2,449 NS | April 30, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.07% | 53,748 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.07% | 85,041 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.06% | 1,153 NS | May 31, 2026 | N-PORT |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.05% | 65 NS | May 31, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.05% | 90,310 NS | May 31, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.05% | 3,791 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.05% | 466,620 SH | Aug. 8, 2026 | Daily |
| TEXN · iShares Trust | 0.04% | 95 SH | Aug. 8, 2026 | Daily |
| UMDD · ProShares Trust | 0.04% | 161 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.04% | 7,392 NS | April 30, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.04% | 1,874 NS | May 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.04% | 48,397 NS | April 30, 2026 | N-PORT |
| ISCB · iShares Trust | 0.04% | 1,340 SH | Aug. 8, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.03% | 3,646 SH | Aug. 8, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.03% | 125,682 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.03% | 382,298 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.03% | 734,927 SH | Aug. 8, 2026 | Daily |