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Side-by-side financial comparison of MINERALS TECHNOLOGIES INC (MTX) and Western Midstream Partners, LP (WES). Click either name above to swap in a different company.

Western Midstream Partners, LP is the larger business by last-quarter revenue ($1.0B vs $519.5M, roughly 2.0× MINERALS TECHNOLOGIES INC). Western Midstream Partners, LP runs the higher net margin — 18.5% vs 7.2%, a 11.3% gap on every dollar of revenue. On growth, Western Midstream Partners, LP posted the faster year-over-year revenue change (11.0% vs 0.3%). Western Midstream Partners, LP produced more free cash flow last quarter ($335.4M vs $31.9M). Over the past eight quarters, Western Midstream Partners, LP's revenue compounded faster (7.8% CAGR vs -1.4%).

Compass Minerals International, Inc is an American public company that, through its subsidiaries, is a leading producer of minerals, including salt, magnesium chloride and sulfate of potash. Based in Overland Park, Kansas; the company provides bulk treated and untreated highway deicing salt to customers in North America and the United Kingdom and plant nutrition products to growers worldwide. Compass Minerals also produces consumer deicing and water conditioning products, consumer and commerc...

Sunoco LP is an American vehicle gasoline master limited partnership company organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.

MTX vs WES — Head-to-Head

Bigger by revenue
WES
WES
2.0× larger
WES
$1.0B
$519.5M
MTX
Growing faster (revenue YoY)
WES
WES
+10.7% gap
WES
11.0%
0.3%
MTX
Higher net margin
WES
WES
11.3% more per $
WES
18.5%
7.2%
MTX
More free cash flow
WES
WES
$303.5M more FCF
WES
$335.4M
$31.9M
MTX
Faster 2-yr revenue CAGR
WES
WES
Annualised
WES
7.8%
-1.4%
MTX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MTX
MTX
WES
WES
Revenue
$519.5M
$1.0B
Net Profit
$37.2M
$190.7M
Gross Margin
24.0%
Operating Margin
11.9%
29.7%
Net Margin
7.2%
18.5%
Revenue YoY
0.3%
11.0%
Net Profit YoY
-31.1%
-42.8%
EPS (diluted)
$1.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MTX
MTX
WES
WES
Q4 25
$519.5M
$1.0B
Q3 25
$532.4M
$952.3M
Q2 25
$528.9M
$942.1M
Q1 25
$491.8M
$916.9M
Q4 24
$518.1M
$928.4M
Q3 24
$524.7M
$883.1M
Q2 24
$541.2M
$905.4M
Q1 24
$534.5M
$887.3M
Net Profit
MTX
MTX
WES
WES
Q4 25
$37.2M
$190.7M
Q3 25
$43.0M
$339.6M
Q2 25
$45.4M
$341.7M
Q1 25
$-144.0M
$309.0M
Q4 24
$54.0M
$333.6M
Q3 24
$46.7M
$288.5M
Q2 24
$19.7M
$378.6M
Q1 24
$46.7M
$572.8M
Gross Margin
MTX
MTX
WES
WES
Q4 25
24.0%
Q3 25
25.7%
Q2 25
25.9%
Q1 25
24.3%
Q4 24
25.6%
Q3 24
25.8%
Q2 24
26.6%
Q1 24
25.4%
Operating Margin
MTX
MTX
WES
WES
Q4 25
11.9%
29.7%
Q3 25
13.3%
46.4%
Q2 25
14.1%
47.2%
Q1 25
-32.6%
44.7%
Q4 24
16.2%
45.9%
Q3 24
14.6%
44.8%
Q2 24
9.3%
51.9%
Q1 24
14.1%
76.6%
Net Margin
MTX
MTX
WES
WES
Q4 25
7.2%
18.5%
Q3 25
8.1%
35.7%
Q2 25
8.6%
36.3%
Q1 25
-29.3%
33.7%
Q4 24
10.4%
35.9%
Q3 24
8.9%
32.7%
Q2 24
3.6%
41.8%
Q1 24
8.7%
64.6%
EPS (diluted)
MTX
MTX
WES
WES
Q4 25
$1.11
Q3 25
$1.37
Q2 25
$1.44
Q1 25
$-4.51
Q4 24
$1.67
Q3 24
$1.45
Q2 24
$0.61
Q1 24
$1.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MTX
MTX
WES
WES
Cash + ST InvestmentsLiquidity on hand
$332.6M
$819.5M
Total DebtLower is stronger
$961.3M
$8.2B
Stockholders' EquityBook value
$1.7B
Total Assets
$3.5B
$15.0B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTX
MTX
WES
WES
Q4 25
$332.6M
$819.5M
Q3 25
$328.3M
$177.3M
Q2 25
$319.9M
$129.7M
Q1 25
$312.2M
$448.4M
Q4 24
$337.1M
$1.1B
Q3 24
$324.5M
$1.1B
Q2 24
$316.4M
$344.1M
Q1 24
$320.1M
$295.2M
Total Debt
MTX
MTX
WES
WES
Q4 25
$961.3M
$8.2B
Q3 25
$964.3M
$6.9B
Q2 25
$965.6M
$6.9B
Q1 25
$966.7M
$6.9B
Q4 24
$966.1M
$6.9B
Q3 24
$922.9M
$6.9B
Q2 24
$922.4M
$7.1B
Q1 24
$925.8M
$7.3B
Stockholders' Equity
MTX
MTX
WES
WES
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$1.7B
Q1 24
$1.7B
Total Assets
MTX
MTX
WES
WES
Q4 25
$3.5B
$15.0B
Q3 25
$3.5B
$12.1B
Q2 25
$3.5B
$12.2B
Q1 25
$3.4B
$12.5B
Q4 24
$3.4B
$13.1B
Q3 24
$3.4B
$13.0B
Q2 24
$3.3B
$12.2B
Q1 24
$3.3B
$12.3B
Debt / Equity
MTX
MTX
WES
WES
Q4 25
0.56×
Q3 25
0.58×
Q2 25
0.58×
Q1 25
0.60×
Q4 24
0.55×
Q3 24
0.54×
Q2 24
0.55×
Q1 24
0.56×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MTX
MTX
WES
WES
Operating Cash FlowLast quarter
$64.3M
$557.6M
Free Cash FlowOCF − Capex
$31.9M
$335.4M
FCF MarginFCF / Revenue
6.1%
32.6%
Capex IntensityCapex / Revenue
6.2%
21.6%
Cash ConversionOCF / Net Profit
1.73×
2.92×
TTM Free Cash FlowTrailing 4 quarters
$86.6M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTX
MTX
WES
WES
Q4 25
$64.3M
$557.6M
Q3 25
$70.9M
$570.2M
Q2 25
$62.9M
$564.0M
Q1 25
$-4.4M
$530.8M
Q4 24
$70.4M
$554.4M
Q3 24
$60.0M
$551.3M
Q2 24
$50.1M
$631.4M
Q1 24
$55.9M
$399.7M
Free Cash Flow
MTX
MTX
WES
WES
Q4 25
$31.9M
$335.4M
Q3 25
$43.6M
$385.5M
Q2 25
$33.8M
$385.4M
Q1 25
$-22.7M
$388.4M
Q4 24
$42.3M
$315.7M
Q3 24
$35.3M
$361.9M
Q2 24
$29.9M
$419.6M
Q1 24
$39.4M
$205.9M
FCF Margin
MTX
MTX
WES
WES
Q4 25
6.1%
32.6%
Q3 25
8.2%
40.5%
Q2 25
6.4%
40.9%
Q1 25
-4.6%
42.4%
Q4 24
8.2%
34.0%
Q3 24
6.7%
41.0%
Q2 24
5.5%
46.3%
Q1 24
7.4%
23.2%
Capex Intensity
MTX
MTX
WES
WES
Q4 25
6.2%
21.6%
Q3 25
5.1%
19.4%
Q2 25
5.5%
19.0%
Q1 25
3.7%
15.5%
Q4 24
5.4%
25.7%
Q3 24
4.7%
21.5%
Q2 24
3.7%
23.4%
Q1 24
3.1%
21.8%
Cash Conversion
MTX
MTX
WES
WES
Q4 25
1.73×
2.92×
Q3 25
1.65×
1.68×
Q2 25
1.39×
1.65×
Q1 25
1.72×
Q4 24
1.30×
1.66×
Q3 24
1.28×
1.91×
Q2 24
2.54×
1.67×
Q1 24
1.20×
0.70×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MTX
MTX

High Temperature Technologies$178.0M34%
Specialty Additives$141.8M27%
Household And Personal Care$132.5M26%
Environmental And Infrastructure$67.2M13%

WES
WES

Segment breakdown not available.

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