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Green Plains vs Westlake Chemical Partners: revenue, profit, margins and growth compared

Green Plains brought in $2.1B of revenue in fiscal 2025, Westlake Chemical Partners $1.2B in fiscal 2025. Revenue changed by -14.9% at Green Plains and +2.7% at Westlake Chemical Partners on the year before, so Westlake Chemical Partners grew faster. Green Plains kept -5.8% of its revenue as net profit, Westlake Chemical Partners 4.2%. Free cash flow was $73.7M at Green Plains and $201.7M at Westlake Chemical Partners.

Side by side, latest fiscal year

GPREWLKP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.1B$1.2B
Revenue growth-14.9%+2.7%
Net income-$121.3M$48.7M
Net margin-5.8%4.2%
Free cash flow$73.7M$201.7M
Free cash flow margin3.5%17.3%
Earnings per share (diluted)-$1.80n/a
Cash$182.3M$44.3M
Debt$374.5Mn/a
Price to earningsn/an/a
Market value$1B$761.3M
Dividend yieldn/an/a
Rank by revenue in sector#216 of 451 · Industrials#260 of 451 · Industrials

Over the years

Revenue
GPRE FY2018: $3BGPRE FY2019: $2.4BGPRE FY2020: $1.9BGPRE FY2021: $2.8BGPRE FY2022: $3.7BGPRE FY2023: $3.3BGPRE FY2024: $2.5BGPRE FY2025: $2.1BWLKP FY2018: $1.3BWLKP FY2019: $1.1BWLKP FY2020: $966.7MWLKP FY2021: $1.2BWLKP FY2022: $1.6BWLKP FY2023: $1.2BWLKP FY2024: $1.1BWLKP FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
GPRE $2.1BWLKP $1.2B
Net income
GPRE FY2018: $15.9MGPRE FY2019: -$166.9MGPRE FY2020: -$108.8MGPRE FY2021: -$66MGPRE FY2022: -$127.2MGPRE FY2023: -$93.4MGPRE FY2024: -$82.5MGPRE FY2025: -$121.3MWLKP FY2018: $49.3MWLKP FY2019: $61MWLKP FY2020: $66.2MWLKP FY2021: $82.5MWLKP FY2022: $64.2MWLKP FY2023: $54.3MWLKP FY2024: $62.4MWLKP FY2025: $48.7MFY18FY19FY20FY21FY22FY23FY24FY25
GPRE -$121.3MWLKP $48.7M
Net margin
GPRE FY2018: 0.5%GPRE FY2019: -6.9%GPRE FY2020: -5.7%GPRE FY2021: -2.3%GPRE FY2022: -3.5%GPRE FY2023: -2.8%GPRE FY2024: -3.4%GPRE FY2025: -5.8%WLKP FY2018: 3.8%WLKP FY2019: 5.6%WLKP FY2020: 6.8%WLKP FY2021: 6.8%WLKP FY2022: 4.0%WLKP FY2023: 4.6%WLKP FY2024: 5.5%WLKP FY2025: 4.2%FY18FY19FY20FY21FY22FY23FY24FY25
GPRE -5.8%WLKP 4.2%
Revenue growth
GPRE FY2019: -19.0%GPRE FY2020: -20.4%GPRE FY2021: +47.0%GPRE FY2022: +29.6%GPRE FY2023: -10.0%GPRE FY2024: -25.4%GPRE FY2025: -14.9%WLKP FY2019: -15.1%WLKP FY2020: -11.5%WLKP FY2021: +25.7%WLKP FY2022: +31.1%WLKP FY2023: -25.3%WLKP FY2024: -4.6%WLKP FY2025: +2.7%FY19FY20FY21FY22FY23FY24FY25
GPRE -14.9%WLKP +2.7%
Free cash flow
GPRE FY2018: -$1.6MGPRE FY2019: -$85MGPRE FY2020: -$11.7MGPRE FY2021: -$182.9MGPRE FY2022: -$142.7MGPRE FY2023: -$51.7MGPRE FY2024: -$125MGPRE FY2025: $73.7MWLKP FY2018: $396.3MWLKP FY2019: $407.1MWLKP FY2020: $336.4MWLKP FY2021: $327.3MWLKP FY2022: $409.6MWLKP FY2023: $405.2MWLKP FY2024: $436MWLKP FY2025: $201.7MFY18FY19FY20FY21FY22FY23FY24FY25
GPRE $73.7MWLKP $201.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Green Plains and Westlake Chemical Partners

Which is bigger by revenue, Green Plains or Westlake Chemical Partners?

Green Plains is bigger by revenue: $2.1B in fiscal 2025, against $1.2B for Westlake Chemical Partners in fiscal 2025.

Which keeps more of its revenue as profit, Green Plains or Westlake Chemical Partners?

Green Plains had a net margin of -5.8% in fiscal 2025; Westlake Chemical Partners had 4.2% in fiscal 2025.

Which grew revenue faster, Green Plains or Westlake Chemical Partners?

In their latest fiscal years revenue changed by -14.9% at Green Plains and +2.7% at Westlake Chemical Partners.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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