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LSB Industries, Inc. (LXU) stock

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NYSE: LXU NYSE Commodity Chemicals Next results ~January 28, 2027

B Fundamentals grade

LSB Industries, Inc. is a US-listed company in the commodity chemicals industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 98% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 98% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

LSB Industries, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 6 selling3 purchases and 36 sales by directors and officers, last 12 monthsInsider trades
  • Funds129 adding, 86 cuttingOf 53 active managers that changed their stake, 32 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter LSB Industries files

10-Q filed October 29: LSB Industries

Revenue over the twelve months to September 2026 reached $661m, up 13.0% on the prior year. That pace marks a slowdown from the 22.1% growth recorded a quarter earlier, though it still ranks 1 of 12 among the commodity chemicals companies covered here. Profitability improved markedly over the period: operating margin widened to 11.2% from 4.1%, while free-cash-flow margin turned positive, rising to 9.7% from -0.5% a year earlier. The combination of decelerating but still top-ranked growth alongside a sharp margin recovery suggests the business is converting a smaller sales increase into considerably stronger earnings and cash generation than it managed twelve months ago.

Our model value for LSB Industries is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where LSB Industries stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $658m, up 22.1% on a year earlier, faster than the 21.5% growth a quarter earlier. That growth ranks 1 of 12 among the commodity chemicals companies we cover. Free-cash-flow margin rose to 14.8% from -9.7% a year earlier. Operating margin widened to 9.5% from -3.0%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 3 of our 6 financial-health checks.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

LSB Industries, Inc.'s trailing-twelve-month revenue grew 13.0% year on year, with a free-cash-flow margin of 9.7%. Where it stands out: revenue growth of 13.0% ranks 1 of 13 commodity chemicals companies we cover. Where it lags: change in growth rate of -9.1pp ranks 13 of 13 commodity chemicals companies we cover.

Our discounted-cash-flow model values the business at ~$8.6 per share in the base case (~$5.6–$12 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 75% in the quarter to 2026-09-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 7.1 points on a year ago.

Things to watch

  • Growth slowing. The growth rate is 9.1 points lower than a quarter earlier.
  • Volatile shares. Over the past year the shares showed annualised volatility of 53% and a beta of -0.3 against the S&P 500.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 1.8% ranks 10 of 10 commodity chemicals companies we cover (median 0.4%).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 13.5% over 90 days.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$0.35 against an average estimate of $0.20: beat by 74.7%
Revenue
$159m, up 2.0% on a year earlier
Share reaction
+7.2% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
October 28, 2026; average EPS estimate $0.35

LSB Industries' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.1%
  • 1 week+8.9%
  • 1 month+12.1%
  • This year+30.0%
  • 1 year+31.1%
  • 5 years+22.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$661M
Operating margin
11.2%
Net margin
7.0%
EPS (TTM, diluted)
$0.63

Growth

Revenue growth
+13.0%
Change in growth rate
−9.1 pts
Share count change
+1.5%

Cash

Free cash flow (TTM)
$64.1M
FCF margin
9.7%
Stock pay % of revenue
1.8%

Earnings

Last results
October 28, 2026
Next results (est.)
January 28, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Announcement
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

LSB Industries, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 98% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value LSB Industries, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.92 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$14 ~$9.2–$21 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$13 ~$11–$16 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare LSB Industries, Inc. with Commodity Chemicals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$5.58$6.48$6.74$4.25$3.23$2.61$11.05$13.30$9.31$7.59$8.50$11.05
Market value$127m$165m$184m$117m$118m$96m$552m$1.1bn$699m$546m$615m$806m
+ Net debt (− = net cash)$402m$368m$384m$408m$446m$482m$458m$665m$497m$477m$432m$404m
Enterprise value$529m$533m$568m$524m$564m$577m$1.0bn$1.8bn$1.2bn$1.0bn$1.0bn$1.2bn
Multiples
Price / sales 0.3x0.4x0.4x0.3x0.3x0.3x1.0x1.3x1.2x1.0x1.0x1.2x
Price / earnings —1.5x————12.7x5.0x25.0x—25.0x17.5x
Price / free cash flow ——————10.5x3.8x10.0x—34.1x12.6x
EV / EBITDA ——17.3x11.1x19.3x10.7x6.0x4.8x9.9x14.8x7.5x7.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

15 /100

Weak moat

How hard LSB Industries's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median 1.9% of total assets over 10 years.

  • Pricing power 0 / 20

    Gross margin has been a median 11.1%, moving by 10.1 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 2.5%; its worst year was -11.1%.

  • Cash conversion 5 / 20

    Free cash flow was positive in 5 of 10 years, at a median 0.2% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 104.5% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.95 +65% $670m +9%
Next $1.07 +12% $652m −3%

Next year's EPS estimate has moved −13.5% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −27.2% on 90 days ago. In the last 30 days, 1 analyst raised LSB Industries, Inc.'s forecast and 0 cut it.

Consensus EPS forecast LSB Industries, Inc., last 90 days
$0.90 $1.00 $1.10 $1.20 $1.30 $1.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.30 Current fiscal year, 60 days ago: $0.94 Current fiscal year, 30 days ago: $0.94 Current fiscal year, 7 days ago: $0.95 Current fiscal year, Now: $0.95 $0.95 Next fiscal year, 90 days ago: $1.23 Next fiscal year, 60 days ago: $1.02 Next fiscal year, 30 days ago: $1.02 Next fiscal year, 7 days ago: $1.07 Next fiscal year, Now: $1.07 $1.07

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.30$1.23
60 days ago $0.94$1.02
30 days ago $0.94$1.02
7 days ago $0.95$1.07
Now $0.95$1.07

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.20 $0.35 +74.7%
Jun 2026 $0.36 $0.29 −21.0%
Mar 2026 $0.13 $0.37 +183.5%
Dec 2025 $0.21 $0.28 +30.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

5 analysts, Oct 2026
Buy360%
Hold240%
Sell00%

Monthly trend

  1. Oct 20261225
  2. Sep 20261225
  3. Aug 20261225
  4. Jul 2026235

Counts of recommendations published by analysts covering LSB Industries, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.7%
of tradable shares
Days to cover
4.69
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
71%
of shares
Held by insiders
18.7%
of shares
Employees
513
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +31.1%

$8.43 on October 31, 2025 to $11.05

ThenNowEffect
Revenue (last 12 months) $539m $658m +22.1%
P/S multiple 1.1x 1.2x +8.9%
Share count 72m 73m −1.5%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years +21.0%

$9.13 on November 3, 2023 to $11.05

ThenNowEffect
Revenue (last 12 months) $765m $658m −13.9%
Net margin 14.3% 5.6% −60.9%
P/E multiple 6.6x 21.9x +230.4%
Share count 79m 73m +8.9%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LXU+324%+20%−30%−19%+12%+30%
Industry peers (median)+21%−7%+7%−20%−37%+13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LXU75%33%50%58%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LXU−33%−56%−46%−29%−47%−43%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 94% from November 4, 2015 to July 14, 2020. Getting back needed a 1484% gain, reached on February 11, 2022, 577 days after the low.

Price behaviour

52-week range
$8.16 – $16.88
From 52-week high
−34.5%
vs 50-day average
+4.8%
vs 200-day average
−6.3%
Volatility (1 year)
53%
Beta vs S&P 500
-0.34

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±6.9%
After a week
4 up, 7 down
typical move ±9.7%
After a month
4 up, 7 down
typical move ±16.3%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +7.2% 0.0% — —
July 29, 2026 −3.4% +0.1% −15.2% −8.7%
February 25, 2026 +14.7% +0.3% +25.8% +67.8%
July 29, 2025 −12.5% −0.4% −7.8% −4.3%
April 29, 2025 +8.3% +0.7% +9.8% +28.9%
February 26, 2025 −5.7% −1.5% −12.0% −10.6%
October 29, 2024 −6.8% −0.1% −2.5% −1.4%
July 31, 2024 +5.1% +0.2% −10.9% −10.7%
April 29, 2024 +13.3% −1.2% +5.5% +17.7%
March 5, 2024 +1.1% −0.5% +2.1% +17.4%
November 1, 2023 −1.4% +3.0% −14.2% −0.7%
July 26, 2023 +3.7% −0.6% −0.6% −10.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

LSB Industries, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) LSB Industries, Inc.
$500M $550M $600M $650M $700M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $593.7M Revenue (TTM), FY24 Q1: $550.9M Revenue (TTM), FY24 Q2: $525.2M Revenue (TTM), FY24 Q3: $520.1M Revenue (TTM), FY24 Q4: $522.4M Revenue (TTM), FY25 Q1: $527.6M Revenue (TTM), FY25 Q2: $538.9M Revenue (TTM), FY25 Q3: $585.1M Revenue (TTM), FY25 Q4: $615.2M Revenue (TTM), FY26 Q1: $641.3M Revenue (TTM), FY26 Q2: $658.1M Revenue (TTM), FY26 Q3: $661.2M $661.2M

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $593.7M
FY24 Q1 $550.9M
FY24 Q2 $525.2M
FY24 Q3 $520.1M
FY24 Q4 $522.4M
FY25 Q1 $527.6M
FY25 Q2 $538.9M
FY25 Q3 $585.1M
FY25 Q4 $615.2M
FY26 Q1 $641.3M
FY26 Q2 $658.1M
FY26 Q3 $661.2M
Revenue growth, TTM YoY LSB Industries, Inc.
-40% -20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -34.2% Revenue growth, TTM YoY, FY24 Q1: -37.7% Revenue growth, TTM YoY, FY24 Q2: -31.3% Revenue growth, TTM YoY, FY24 Q3: -25.1% Revenue growth, TTM YoY, FY24 Q4: -12.0% Revenue growth, TTM YoY, FY25 Q1: -4.2% Revenue growth, TTM YoY, FY25 Q2: 2.6% Revenue growth, TTM YoY, FY25 Q3: 12.5% Revenue growth, TTM YoY, FY25 Q4: 17.8% Revenue growth, TTM YoY, FY26 Q1: 21.5% Revenue growth, TTM YoY, FY26 Q2: 22.1% Revenue growth, TTM YoY, FY26 Q3: 13.0% 13.0%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -34.2%
FY24 Q1 -37.7%
FY24 Q2 -31.3%
FY24 Q3 -25.1%
FY24 Q4 -12.0%
FY25 Q1 -4.2%
FY25 Q2 2.6%
FY25 Q3 12.5%
FY25 Q4 17.8%
FY26 Q1 21.5%
FY26 Q2 22.1%
FY26 Q3 13.0%
Operating margin (TTM) LSB Industries, Inc.
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 8.7% Operating margin (TTM), FY24 Q1: 5.9% Operating margin (TTM), FY24 Q2: 3.7% Operating margin (TTM), FY24 Q3: 0.9% Operating margin (TTM), FY24 Q4: -1.1% Operating margin (TTM), FY25 Q1: -2.3% Operating margin (TTM), FY25 Q2: -3.0% Operating margin (TTM), FY25 Q3: 4.1% Operating margin (TTM), FY25 Q4: 9.3% Operating margin (TTM), FY26 Q1: 11.8% Operating margin (TTM), FY26 Q2: 9.5% Operating margin (TTM), FY26 Q3: 11.2% 11.2%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 8.7%
FY24 Q1 5.9%
FY24 Q2 3.7%
FY24 Q3 0.9%
FY24 Q4 -1.1%
FY25 Q1 -2.3%
FY25 Q2 -3.0%
FY25 Q3 4.1%
FY25 Q4 9.3%
FY26 Q1 11.8%
FY26 Q2 9.5%
FY26 Q3 11.2%
FCF margin (TTM) LSB Industries, Inc.
-10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 11.8% FCF margin (TTM), FY24 Q1: 6.3% FCF margin (TTM), FY24 Q2: 6.0% FCF margin (TTM), FY24 Q3: 1.7% FCF margin (TTM), FY24 Q4: -1.1% FCF margin (TTM), FY25 Q1: -4.8% FCF margin (TTM), FY25 Q2: -9.7% FCF margin (TTM), FY25 Q3: -0.5% FCF margin (TTM), FY25 Q4: 2.9% FCF margin (TTM), FY26 Q1: 10.4% FCF margin (TTM), FY26 Q2: 14.8% FCF margin (TTM), FY26 Q3: 9.7% 9.7%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 11.8%
FY24 Q1 6.3%
FY24 Q2 6.0%
FY24 Q3 1.7%
FY24 Q4 -1.1%
FY25 Q1 -4.8%
FY25 Q2 -9.7%
FY25 Q3 -0.5%
FY25 Q4 2.9%
FY26 Q1 10.4%
FY26 Q2 14.8%
FY26 Q3 9.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar LSB Industries took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $615M
  2. Cost of revenue $511M · 83.0%
  3. Gross profit $104M · 17.0%
  4. Selling, general and admin $41.5M · 6.7%
  5. Other operating costs $5.5M · 0.9%
  6. Operating income $57.3M · 9.3%
  7. Income tax $7.9M · 1.3%
  8. Interest and other $24.7M · 4.0%
  9. Net income $24.6M · 4.0%

Shares of revenue. Source: LSB Industries's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 532 610 805 759 701 496 438 375 428 378 365 351 556 902 594 522 615 661
Gross profit 137 139 223 184 138 65 20 −49 5 16 5 17 139 348 86 48 104 132
EBITDA 56 73 155 116 134 62 −35 −31 33 47 29 54 170 375 121 69 139 161
Operating income 41 56 136 96 105 31 −71 −90 −34 −23 −39 −16 101 308 52 −6 57 74
Net income 22 30 84 59 55 20 −35 112 −29 −72 −63 −62 44 230 28 −19 25 46
Diluted EPS $0.96 $1.32 $3.58 $2.49 $2.33 $0.85 −$1.67 $2.54 −$2.18 −$3.74 −$2.65 −$2.71 −$4.40 $2.68 $0.37 −$0.27 $0.34 $0.63
Growth (year on year)
Revenue — +14.7% +32.0% −5.7% −7.6% −29.3% −11.7% −14.4% +14.1% −11.5% −3.5% −3.8% +58.3% +62.1% −34.2% −12.0% +17.8% +13.0%
EBITDA — +30.1% +111.9% −25.0% +14.9% −53.9% −157.2% — — +43.6% −38.1% +84.9% +214.1% +121.1% −67.8% −42.9% +101.8% +51.8%
Operating income — +37.4% +144.0% −29.9% +10.1% −71.0% −332.7% — — — — — — +205.2% −83.2% −110.6% — +209.9%
Net income — +37.0% +183.5% −30.1% −6.2% −64.3% −277.1% — −126.0% — — — — +429.0% −87.9% −169.3% — —
Diluted EPS — +37.5% +171.2% −30.4% −6.4% −63.5% −296.5% — −185.8% — — — — — −86.2% −173.0% — —
Margins
Gross margin 25.8% 22.7% 27.7% 24.2% 19.7% 13.2% 4.6% −13.2% 1.3% 4.2% 1.4% 4.9% 25.0% 38.6% 14.5% 9.1% 17.0% 19.9%
EBITDA margin 10.6% 12.0% 19.3% 15.3% 19.1% 12.4% −8.1% −8.2% 7.7% 12.5% 8.0% 15.4% 30.5% 41.6% 20.3% 13.2% 22.6% 24.3%
Operating margin 7.7% 9.2% 16.9% 12.6% 15.0% 6.2% −16.3% −24.1% −8.0% −6.1% −10.7% −4.4% 18.2% 34.2% 8.7% −1.1% 9.3% 11.2%
Net margin 4.1% 4.8% 10.4% 7.7% 7.8% 4.0% −7.9% 29.9% −6.8% −19.1% −17.4% −17.6% 7.8% 25.5% 4.7% −3.7% 4.0% 7.0%
Free-cash-flow margin 5.4% 1.6% 5.7% 0.9% −14.7% −36.1% −101.4% −62.6% −7.8% −5.1% −9.3% −9.4% 9.4% 33.3% 11.8% −1.1% 2.9% 9.7%
Cash flow
Cash from operations 58 44 90 99 54 39 −5 −22 2 18 2 −3 88 346 138 87 96 150
Capital spending 29 34 44 93 157 217 439 213 35 37 36 30 35 46 68 92 77 85
Free cash flow 29 10 46 7 −103 −179 −444 −235 −33 −19 −34 −33 52 300 70 −6 18 64
Stock-based pay 1 1 1 2 2 1 2 4 5 8 2 2 6 4 5 7 7 12
Free cash flow after stock pay 28 9 45 5 −105 −180 −445 −239 −38 −28 −36 −35 47 296 65 −12 11 52
Balance sheet
Cash 62 67 125 98 143 185 127 60 34 26 23 16 82 64 99 20 20 38
Total debt 0 99 85 82 477 463 530 428 418 434 469 498 540 728 595 497 452 442
Net debt (negative = net cash) −62 32 −40 −16 333 278 402 368 384 408 446 482 458 665 497 477 432 404
Diluted shares 22,492m 23m 23m 24m 24m 23m 23m 25m 27m 27m 36m 37m 50m 86m 75m 72m 72m 73m
Returned to shareholders
Buybacks 3 2 — — — — — — — — — — — — — — — —
Total returned 3 2 — — — — — — — — — — — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · September 30, 2026
What it owns · $1.2bn
Short-term assets $343mLonger-term assets $882m
What it owes, and who funded it · $672m
Short-term liabilities $114mShareholders' equity $558m
  • Short-term assets cover short-term liabilities $343m of assets due within a year against $114m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $38m of cash against $442m of debt.
  • Debt below 40% of shareholders' equity Debt is 79% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 137% to 79% over five years.
  • A year's operating cash flow covers at least 20% of debt $150m of operating cash flow against $442m of debt.
  • Operating profit covers interest at least five times over Operating income of $74m against $28m of interest.

From LSB Industries, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+1.5%
year over year
Sales & admin spending
8.0%
of revenue
Days sales outstanding
32 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in commodity chemicals
Last 12 months unless stated LXU RYAM ASIX OEC KOP KRO Median
Revenue, last 12 months $661m $1.5bn $1.6bn $1.8bn $1.9bn $1.9bn $2.2bn
Revenue growth, last 12 months 13.0% −3.3% 3.0% −1.0% −5.0% 2.7% −0.7%
Revenue growth, 3-year average −1.6% −6.9% −3.0% −2.5% −3.5% 5.1% −2.4%
Revenue growth, latest quarter 2.0% 10.6% 2.7% 7.4% 3.0% 12.9% 9.0%
Gross margin 19.9% 5.9% 5.6% 18.4% 22.4% 11.8% 11.8%
Operating margin 11.2% −3.5% — −0.2% −2.2% −1.7% −1.8%
Operating margin, 3-year average 5.4% −2.3% — 4.2% 4.2% 1.9% 3.2%
Net margin 7.0% −9.5% −1.1% −5.3% −4.6% −5.6% −4.6%
Cash from operations / revenue 22.6% 3.5% 5.5% 9.7% 10.1% 4.4% 5.8%
Free-cash-flow margin 9.7% −5.8% −1.7% 1.4% 7.3% 1.2% 2.9%
Free-cash-flow margin, 3-year average 3.6% −2.1% −0.8% −0.7% 4.6% 0.6% 0.6%
Stock pay / revenue 1.8% 0.3% 0.4% 0.6% 0.6% — 0.4%
Change in share count 1.5% 2.6% −0.1% −1.4% −2.5% 0.0% 0.0%

Median of all 13 companies we cover in commodity chemicals. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

13 commodity chemicals companies
Measure Company Peer median Rank
Revenue growth Growth 13.0% -0.7% 1 of 13
Change in growth rate Growth -9.1pp +3.6pp 13 of 13
Gross margin Profitability 19.9% 11.8% 3 of 13
Operating margin Profitability 11.2% -1.7% 2 of 10
Net margin Profitability 7.0% -4.6% 1 of 13
Free-cash-flow margin Cash generation 9.7% 2.9% 2 of 13
Stock pay as % of revenue Cash generation 1.8% 0.4% 10 of 10
Long-term debt as % of assets Balance sheet 36.0% 37.2% 6 of 12
Change in share count Balance sheet 1.5% 0.4% 9 of 12
Days sales outstanding Balance sheet 32 days 47 days 1 of 9

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$558M
Institutions reporting
201
Shares held vs prior quarter
▲ 4.5%
Positions opened / closed
48 / 36

Top buyers and sellers, Q2 2026: 129 institutions bought and 86 sold ; the biggest buyer was First Eagle Investment Management, LLC (+1.8M shares) and the biggest seller Susquehanna International Group, LLP (−2.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $50.8M 4.7M 9.1% ▲ 15.6%
American Century Companies Inc $34.6M 3.2M 6.2% ▲ 39.6%
First Eagle Investment Management, LLC $30.7M 2.8M 5.5% ▲ 161.5%
Vanguard Capital Management LLC $27.1M 2.5M 4.9% ▲ 11.8%
Dimensional Fund Advisors LP $26.2M 2.4M 4.7% ▼ 0.3%
Robotti Robert $22.9M 2.1M 4.1% 0.0%
Renaissance Technologies LLC $18.9M 1.7M 3.4% ▼ 2.5%
Systematic Financial Management LP $18.1M 1.7M 3.2% ▼ 4.2%
Arrowstreet Capital, Limited Partnership $16.9M 1.6M 3.0% ▲ 102.9%
Qube Research & Technologies Ltd $16.6M 1.5M 3.0% ▲ 240.1%
Castleknight Management LP $16.2M 1.5M 2.9% ▼ 1.3%
Geode Capital Management, LLC $15.9M 1.5M 2.8% ▲ 11.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not LSB Industries, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $31,360 3 trades by 1 insider, last 12 months Insider sales History → $81.9M 36 trades by 6 insiders · 11% under pre-set plans
Net ▼ $81.9M net selling
Insider Date Trade Shares Price Value
Ackerman Jonathan Z. Director October 15, 2026 Buy pre-set plan 1,000 $10.17 $10,170
Ackerman Jonathan Z. Director September 15, 2026 Buy pre-set plan 1,000 $11.30 $11,300
Ackerman Jonathan Z. Director August 12, 2026 Buy pre-set plan 1,000 $9.89 $9,890
White Lynn F Director June 10, 2026 Sell pre-set plan 40,000 $11.80 $472,000
Carver Kristy SVP and Treasurer June 8, 2026 Sell pre-set plan 9,554 $12.38 $118,279
Boehly Todd L 10% owner March 26, 2026 Sell 4,889,159 $14.85 $72.6M
Behrman Mark T President and CEO March 2, 2026 Sell pre-set plan 250,000 $11.75 $2.9M
Carver Kristy SVP and Treasurer February 26, 2026 Sell pre-set plan 2,091 $10.99 $22,980
Golsen Barry H Director February 11, 2026 Sell pre-set plan 13,386 $10.04 $134,395
Golsen Barry H Director February 11, 2026 Sell pre-set plan 4,427 $10.04 $44,447
Golsen Barry H Director February 10, 2026 Sell pre-set plan 19,162 $10.04 $192,386
Golsen Barry H Director February 10, 2026 Sell pre-set plan 6,339 $10.04 $63,644

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • February 25, 2026
  • July 29, 2025
  • April 29, 2025
  • February 26, 2025

Recent SEC filings

Data status

When each part of this page on LSB Industries, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

LSB Industries, Inc. in brief

What does LSB Industries, Inc. do?
LSB Industries, Inc. is a US-listed company in the commodity chemicals industry. Its financial year ends in December.
What is LSB Industries, Inc.'s stock ticker?
LSB Industries, Inc. trades under the ticker LXU on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is LSB Industries, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, LSB Industries, Inc. reported revenue of $661M, 13.0% higher than a year earlier, according to its SEC filings.
What is LSB Industries, Inc.'s free cash flow?
LSB Industries, Inc.'s free-cash-flow margin is 9.7% of revenue over the trailing twelve months, ranking 2 of the 13 commodity chemicals companies we cover.
Who are LSB Industries, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., American Century Companies Inc and First Eagle Investment Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is LSB Industries, Inc.'s market cap?
On November 2, 2026, LSB Industries, Inc.'s market capitalisation was about $806M, with a price-to-earnings ratio of 17.5 and net debt of $404M. Market figures come from third-party market data and may be delayed.
How much debt does LSB Industries, Inc. have?
LSB Industries, Inc.'s debt-to-equity ratio is 79.2%, from its latest balance sheet (136.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are LSB Industries, Inc.'s competitors?
In our Commodity Chemicals peer group, the companies closest to LSB Industries, Inc. are Rayonier Advanced Materials Inc., Advansix Inc., Orion S.a., Koppers Holdings Inc. and Kronos Worldwide Inc. The side-by-side comparison below sets their revenue, margins and growth against LSB Industries, Inc.'s.
Are insiders buying or selling LSB Industries, Inc. stock?
Over the last 12 months, LSB Industries, Inc.'s directors and officers reported 3 open-market purchases and 36 sales on Form 4. The insider trading page charts every trade.
When is LSB Industries, Inc.'s next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — LSB Industries, Inc. announces its own schedule.