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

Methanex brought in $3.6B of revenue in fiscal 2025, Westlake Chemical Partners $1.2B in fiscal 2025. Revenue changed by -3.5% at Methanex and +2.7% at Westlake Chemical Partners on the year before, so Westlake Chemical Partners grew faster. Methanex kept 4.0% of its revenue as net profit, Westlake Chemical Partners 4.2%. Free cash flow was $916.6M at Methanex and $201.7M at Westlake Chemical Partners.

Side by side, latest fiscal year

MEOHWLKP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.6B$1.2B
Revenue growth-3.5%+2.7%
Net income$144.8M$48.7M
Net margin4.0%4.2%
Free cash flow$916.6M$201.7M
Free cash flow margin25.5%17.3%
Earnings per share (diluted)$0.93n/a
Cash$425.3M$44.3M
Debt$2.8Bn/a
Price to earningsn/an/a
Market value$4.6B$761.3M
Dividend yieldn/an/a
Rank by revenue in sector#156 of 451 · Industrials#260 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: $3.6BWLKP FY2018: $1.3BWLKP FY2019: $1.1BWLKP FY2020: $966.7MWLKP FY2021: $1.2BWLKP FY2022: $1.6BWLKP FY2023: $1.2BWLKP FY2024: $1.1BWLKP FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
MEOH $3.6BWLKP $1.2B
Net income
MEOH FY2018: $658MMEOH FY2019: $116.4MMEOH FY2020: -$125.3MMEOH FY2021: $555.9MMEOH FY2022: $462.3MMEOH FY2023: $284.1MMEOH FY2024: $250.2MMEOH FY2025: $144.8MWLKP FY2018: $49.3MWLKP FY2019: $61MWLKP FY2020: $66.2MWLKP FY2021: $82.5MWLKP FY2022: $64.2MWLKP FY2023: $54.3MWLKP FY2024: $62.4MWLKP FY2025: $48.7MFY18FY19FY20FY21FY22FY23FY24FY25
MEOH $144.8MWLKP $48.7M
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%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
MEOH 4.0%WLKP 4.2%
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%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
MEOH -3.5%WLKP +2.7%
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: $916.6MWLKP FY2018: $396.3MWLKP FY2019: $407.1MWLKP FY2020: $336.4MWLKP FY2021: $327.3MWLKP FY2022: $409.6MWLKP FY2023: $405.2MWLKP FY2024: $436MWLKP FY2025: $201.7MFY18FY19FY20FY21FY22FY23FY24FY25
MEOH $916.6MWLKP $201.7M

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

Questions about Methanex and Westlake Chemical Partners

Which is bigger by revenue, Methanex or Westlake Chemical Partners?

Methanex is bigger by revenue: $3.6B in fiscal 2025, against $1.2B for Westlake Chemical Partners in fiscal 2025.

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

Methanex had a net margin of 4.0% in fiscal 2025; Westlake Chemical Partners had 4.2% in fiscal 2025.

Which grew revenue faster, Methanex or Westlake Chemical Partners?

In their latest fiscal years revenue changed by -3.5% at Methanex 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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