Westlake Corporation (WLK) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

The Roarable RQD rating is 27 / E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." Per the Roarable RQD rating, the five pillars score as follows: Fundamental Cash Engine 4/20 (ROIC -11.2%; FCF yield -6.28%), Whale 13F Flow 7/20 (institutional accumulation and options positioning), Insider Conviction 6/20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit 4/20 (Beta 1.14; sector sensitivity), and Forensic Balance Sheet 6/20 (Altman Z 1.59; Piotroski F 4/9; Debt/Equity 0.58). The two weakest pillars are the cash engine and macro fit, meaning the company is currently not generating returns on capital or free cash flow that support its valuation, and its price is sensitive to sector-wide swings. Investor implications: the dominant upside case would require a reversal in cash generation, which the cash engine pillar does not currently show; the forensic balance sheet pillar sits in the middle of the range, so leverage is not the primary risk but also not a source of strength. Valuation tradeoffs are notable: the stock trades at a Forward P/E of 24 while trailing EPS is -11.8, so the forward multiple depends on earnings recovery that the source data does not confirm. The rating is analytical, not a recommendation to act.

Per the SEC financials, revenue declined from $12548.0M (FY 2023) to $11170.0M (FY 2025), and operating income moved from $729.0M to $-1578.0M. Per the market data, net margin is -13.5% and ROIC is -11.2%. Per the Roarable RQD rating, the Altman Z-Score is 1.59 and the Piotroski F-Score is 4/9, with Debt/Equity of 0.58. Debt rose from $3523.5M to $5087.0M across the reported periods while cash fell from $2919.0M to $2724.0M.

Per the recent news feed, several items are tagged RED / RISK WATCH, including a TradingView report of a 12-month price target cut to $82.71 and a JPMorgan target cut to USD 65.00, and another TradingView target cut to $76.78. Items tagged YELLOW / MARKET WIRE include a Yahoo Finance forecast item, a MarketBeat item citing an average price target of $83.87, and a Stock Titan item reporting a 190,000-square-foot Texas plant for drinking-water pipes as complete. Per the butterfly supply-chain graph, the supply chain is listed as NONE, with no butterfly links and no proprietary signals. The catalyst set is dominated by price-target revisions downward, and the single operational item reported is the completed plant.

• What are the company's products, end markets, and customer concentration? The source data does not describe them.
• What drove the move from positive net income in FY 2024 to a loss of $-1508.0M in FY 2025, and what is the cash-flow bridge?
• What is the trailing P/E and EV/EBITDA, given both are missing from the source data?
• What is the upstream feedstock and downstream customer exposure underpinning the Materials / Major Chemicals classification?
• What is the current consensus rating and forward earnings estimate supporting the 24x forward P/E?