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Methanex vs Westlake: revenue, profit, margins and growth compared

Methanex brought in $3.6B of revenue in fiscal 2025, Westlake $11.2B in fiscal 2025. Revenue changed by -3.5% at Methanex and -8.0% at Westlake on the year before, so Methanex grew faster. Methanex kept 4.0% of its revenue as net profit, Westlake -13.5%. Free cash flow was $916.6M at Methanex and -$530M at Westlake.

Side by side, latest fiscal year

MEOHWLK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.6B$11.2B
Revenue growth-3.5%-8.0%
Net income$144.8M-$1.5B
Net margin4.0%-13.5%
Free cash flow$916.6M-$530M
Free cash flow margin25.5%-4.7%
Earnings per share (diluted)$0.93-$11.70
Cash$425.3M$2.7B
Debt$2.8B$5.6B
Price to earningsn/an/a
Market value$4.6B$8.7B
Dividend yieldn/a3.12%
Rank by revenue in sector#156 of 451 · Industrials#58 of 451 · Industrials

Over the years

Revenue
MEOH FY2018: $4.5BMEOH FY2019: $3.3BMEOH FY2020: $2.6BMEOH FY2021: $4.4BMEOH FY2022: $4.3BMEOH FY2023: $3.7BMEOH FY2024: $3.7BMEOH FY2025: $3.6BWLK FY2018: $8.6BWLK FY2019: $8.1BWLK FY2020: $7.5BWLK FY2021: $11.8BWLK FY2022: $15.8BWLK FY2023: $12.5BWLK FY2024: $12.1BWLK FY2025: $11.2BFY18FY19FY20FY21FY22FY23FY24FY25
MEOH $3.6BWLK $11.2B
Net income
MEOH FY2018: $658MMEOH FY2019: $116.4MMEOH FY2020: -$125.3MMEOH FY2021: $555.9MMEOH FY2022: $462.3MMEOH FY2023: $284.1MMEOH FY2024: $250.2MMEOH FY2025: $144.8MWLK FY2018: $996MWLK FY2019: $421MWLK FY2020: $330MWLK FY2021: $2BWLK FY2022: $2.2BWLK FY2023: $479MWLK FY2024: $602MWLK FY2025: -$1.5BFY18FY19FY20FY21FY22FY23FY24FY25
MEOH $144.8MWLK -$1.5B
Net margin
MEOH FY2018: 14.7%MEOH FY2019: 3.5%MEOH FY2020: -4.7%MEOH FY2021: 12.6%MEOH FY2022: 10.7%MEOH FY2023: 7.6%MEOH FY2024: 6.7%MEOH FY2025: 4.0%WLK FY2018: 11.5%WLK FY2019: 5.2%WLK FY2020: 4.4%WLK FY2021: 17.1%WLK FY2022: 14.2%WLK FY2023: 3.8%WLK FY2024: 5.0%WLK FY2025: -13.5%FY18FY19FY20FY21FY22FY23FY24FY25
MEOH 4.0%WLK -13.5%
Revenue growth
MEOH FY2019: -26.8%MEOH FY2020: -19.3%MEOH FY2021: +66.6%MEOH FY2022: -2.3%MEOH FY2023: -13.6%MEOH FY2024: -0.1%MEOH FY2025: -3.5%WLK FY2019: -6.0%WLK FY2020: -7.6%WLK FY2021: +57.0%WLK FY2022: +34.1%WLK FY2023: -20.6%WLK FY2024: -3.2%WLK FY2025: -8.0%FY19FY20FY21FY22FY23FY24FY25
MEOH -3.5%WLK -8.0%
Free cash flow
MEOH FY2018: $789.6MMEOH FY2019: $307MMEOH FY2020: $332.3MMEOH FY2021: $890.9MMEOH FY2022: $841.6MMEOH FY2023: $481.8MMEOH FY2024: $635.9MMEOH FY2025: $916.6MWLK FY2018: $707MWLK FY2019: $514MWLK FY2020: $772MWLK FY2021: $1.7BWLK FY2022: $2.3BWLK FY2023: $1.3BWLK FY2024: $306MWLK FY2025: -$530MFY18FY19FY20FY21FY22FY23FY24FY25
MEOH $916.6MWLK -$530M

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

Questions about Methanex and Westlake

Which is bigger by revenue, Methanex or Westlake?

Westlake is bigger by revenue: $11.2B in fiscal 2025, against $3.6B for Methanex in fiscal 2025.

Which keeps more of its revenue as profit, Methanex or Westlake?

Methanex had a net margin of 4.0% in fiscal 2025; Westlake had -13.5% in fiscal 2025.

Which grew revenue faster, Methanex or Westlake?

In their latest fiscal years revenue changed by -3.5% at Methanex and -8.0% at Westlake.

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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