undamentalytics Newsletter
Sign in

LyondellBasell (LYB) stock

Add to watchlist

Add holding +

NYSE: LYB NYSE Specialty Chemicals Next results ~January 29, 2027

C+ Fundamentals grade

LyondellBasell is a US-listed company in the specialty chemicals industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$78

Cash-flow model

Base case. Range ~$53–$110 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 14% below our base value.

Price used: $66.88, November 2, 2026

LyondellBasell 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.

Value diary

Our note on each quarter LyondellBasell files

10-Q filed October 30: LyondellBasell

Model value +16.4%

Revenue for the twelve months to September 2026 was $32.0bn, up 3.5% on a year earlier, against a decline of 1.7% a quarter earlier. Free-cash-flow margin rose to 7.6% from 2.4% a year earlier. Operating margin widened to 8.6% from -3.0%. Its fundamentals grade moves from C to C+. Our model value rises from $66.69 to $77.61 a share, against a share price of $68.64. The rating stays Hold. At that price, our model says the market is pricing in cash flow shrinking about 0.2% a year for five years, faster than the -7.1% a year revenue growth it has delivered.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where LyondellBasell stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $31.2bn, down 1.7% on a year earlier, faster than -9.4% a quarter earlier. Free-cash-flow margin rose to 5.1% from 1.5% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 2 financial-health checks. Our cash-flow model value is $64.77 a share, against a share price of $63.36. At that price, our model says the market is pricing in about 1.8% a year of cash-flow growth for five years, faster than the -7.5% a year revenue growth it has delivered.

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 29, 2027 (estimated)

LyondellBasell's trailing-twelve-month revenue grew 3.5% year on year, with a free-cash-flow margin of 7.6%. Where it stands out: stock pay as % of revenue of 0.3% ranks 5 of 36 specialty chemicals companies we cover. Where it lags: gross margin of 14.3% ranks 33 of 40 specialty chemicals companies we cover.

Our discounted-cash-flow model values the business at ~$78 per share in the base case (~$53–$110 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 3.5% (+5.3pp vs the prior quarter).

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

  • Growth speeding up. The growth rate is 5.3 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 11.6 points on a year ago.

Things to watch

  • Below peers: gross margin. Gross margin of 14.3% ranks 33 of 40 specialty chemicals companies we cover (median 31.5%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Earnings expected to fall. The consensus expects earnings per share to fall 31% next year.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$2.54 against an average estimate of $2.55: missed by 0.4%
Revenue
$8.50bn, up 10.0% on a year earlier
Share reaction
+2.3% in the first session after the results on October 30, 2026, against -2.2% for the S&P 500
Guidance given
third quarter operating rates 85% (third quarter); third quarter operating rates 70% (third quarter)
Next report
January 29, 2027; average EPS estimate $1.79

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

Price chart

  • 1 day-2.6%
  • 1 week-0.7%
  • 1 month+14.2%
  • This year+59.6%
  • 1 year+53.2%
  • 5 years+0.7%
  • S&P 500 this year+11.2%

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

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$32B
Operating margin
8.6%
Net margin
4.1%

Growth

Revenue growth
+3.5%
Change in growth rate
+5.3 pts

Cash

Free cash flow (TTM)
$2.4B
FCF margin
7.6%
Stock pay % of revenue
0.3%

Earnings

Last results
October 30, 2026
Next results (est.)
January 29, 2027

News & updates

Updated October 31, 2026

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

  1. Results
  2. Announcement
  3. Announcement
  4. Dividend
  5. Results
  6. Guidance
  7. Leadership
  8. Announcement
  9. Announcement

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

LyondellBasell valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 0.7% a year for five years.That is faster than the -7.1% a year revenue growth LyondellBasell has delivered.

  • Priced in-0.7%
  • Last 12 months3.5%
  • 3 years a year-8.2%
  • 5 years a year-7.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($65.94, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$78
Price used
$65.94close November 3, 2026
Implied change
▲ +18%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of LyondellBasell's free cash flow after stock-based pay with after-tax interest added back ($2B, FY2026 Q3 TTM), growing 2% and 0.3% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$53–~$110 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of LyondellBasell's free cash flow after stock-based pay ( $2B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value LyondellBasell as an operating company, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.73 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. ~$78 ~$53–$110 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$93 ~$78–$110 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$54 ~$43–$68 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$60 ~$54–$69 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$72 ~$54–$93 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare LyondellBasell with Specialty 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.

What moves the value

  • Revenue growth 5 points lower ▼ −29%
  • Revenue growth 5 points higher ▲ +38%
  • Free-cash-flow margin 1 point lower ▼ −13%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $67$99$141$197$269$363
8.5% $46$69$100$140$191$258
10% $34$52$75$105$145$195

Moat

46 /100

Moderate moat

How hard LyondellBasell'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 14 / 20

    Net income has been a median 8.9% of total assets over 10 years.

  • Pricing power 7 / 20

    Gross margin has been a median 14.9%, moving by 2.9 percentage points (standard deviation) across 10 years.

  • Durability 2 / 20

    Operating margin has been a median 9.7%; its worst year was -3.0%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 10 of 10 years, at a median 8.0% 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

Next results: January 29, 2027, before the open. Analysts expect revenue of $8.4bn and EPS of $1.79 (range $1.26 to $2.43) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $9.15 +438% $33.3bn +10%
Next $6.34 −31% $32.4bn −3%

Next year's EPS estimate has moved −2.1% in 90 days, across 17 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +8.2% on 90 days ago. In the last 30 days, 0 analysts raised LyondellBasell's forecast and 8 cut it.

Consensus EPS forecast LyondellBasell, last 90 days
$6.00 $7.00 $8.00 $9.00 $10.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $8.46 Current fiscal year, 60 days ago: $9.30 Current fiscal year, 30 days ago: $9.04 Current fiscal year, 7 days ago: $9.14 Current fiscal year, Now: $9.15 $9.15 Next fiscal year, 90 days ago: $6.47 Next fiscal year, 60 days ago: $6.47 Next fiscal year, 30 days ago: $6.31 Next fiscal year, 7 days ago: $6.32 Next fiscal year, Now: $6.34 $6.34

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

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $8.46$6.47
60 days ago $9.30$6.47
30 days ago $9.04$6.31
7 days ago $9.14$6.32
Now $9.15$6.34

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.55 $2.54 −0.4%
Jun 2026 $3.42 $4.30 +25.6%
Mar 2026 $0.28 $0.49 +76.1%
Dec 2025 $0.25 −$0.26 −205.0%

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

Management guidance

Earnings release, July 31, 2026
  • incremental cash from Cash Improvement Plan by the end of 2026 about $500m
    “The company is on target to deliver $500 million incremental cash through its Cash Improvement Plan by the end of 2026, driven primarily by fixed-cost reductions and lower capital expenditures.” source
  • third quarter operating rates · North American O&P third quarter about 85%
    “To align with global demand and the company's planned maintenance, LYB expects third quarter operating rates of 85% for North American O&P assets, 70% for European O&P assets and 85% for Intermediates & Derivatives assets.” source
  • third quarter operating rates · European O&P third quarter about 70%
    “To align with global demand and the company's planned maintenance, LYB expects third quarter operating rates of 85% for North American O&P assets, 70% for European O&P assets and 85% for Intermediates & Derivatives assets.” source
  • third quarter operating rates · Intermediates & Derivatives third quarter about 85%
    “To align with global demand and the company's planned maintenance, LYB expects third quarter operating rates of 85% for North American O&P assets, 70% for European O&P assets and 85% for Intermediates & Derivatives assets.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows LyondellBasell's revenue by +2.0% next year and +0.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+2.0%, weight 69%) and the company's own record (+2.0%, weight 31%) . How the weights are set.

Analyst recommendations

20 analysts, Oct 2026
Buy525%
Hold1260%
Sell315%

Monthly trend

  1. Oct 20263212220
  2. Sep 20264210219
  3. Aug 2026438218
  4. Jul 2026339218

Counts of recommendations published by analysts covering LyondellBasell, 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
4.5%
of tradable shares
Days to cover
3.19
at average volume
Short interest, 1 month
−14%
to October 15, 2026
Held by institutions
76%
of shares
Held by insiders
20.1%
of shares
Employees
18,970
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 +53.2%

$43.67 on October 31, 2025 to $66.88

ThenNowEffect
Revenue (last 12 months) $31.7bn $31.2bn −1.7%
P/S multiple 0.7x 1.0x +55.9%
Share count 478m 478m 0.0%

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

Last 3 years −12.2%

$76.20 on November 3, 2023 to $66.88

ThenNowEffect
Revenue (last 12 months) $43.0bn $31.2bn −27.5%
P/S multiple 0.8x 1.0x +21.0%
Share count 478m 478m 0.0%

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

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
LYB+5%−1%+21%−17%−36%+60%
Industry peers (median)+19%−26%−9%+7%−13%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LYB42%67%50%33%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LYB−26%−35%−16%−28%−43%−36%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 68% from January 26, 2018 to March 16, 2020. Getting back needed a 214% gain, reached on February 24, 2021, 345 days after the low.

Price behaviour

52-week range
$39.87 – $80.69
From 52-week high
−17.1%
vs 50-day average
+6.6%
vs 200-day average
+6.1%
Volatility (1 year)
43%
Beta vs S&P 500
-0.69

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 ±2.8%
After a week
3 up, 8 down
typical move ±3.8%
After a month
4 up, 7 down
typical move ±6.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 30, 2026 +2.3% −2.2% — —
July 31, 2026 +0.3% +2.2% −1.4% +8.8%
May 1, 2026 +1.9% −0.1% −3.8% −8.8%
January 30, 2026 +0.6% +0.2% +10.3% +18.0%
October 31, 2025 +2.4% +0.5% −4.8% +8.7%
August 1, 2025 −12.1% −0.1% −15.3% −1.3%
April 25, 2025 −0.9% +0.8% −1.5% −2.2%
January 31, 2025 +0.2% −1.2% +0.6% −3.5%
November 1, 2024 −3.1% +0.2% −1.8% −5.5%
August 2, 2024 −5.7% −4.7% −1.3% −1.1%
April 26, 2024 +2.0% +1.3% −0.6% −1.0%
February 2, 2024 −1.5% +0.7% +0.8% +8.6%

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.

Options strategies

All options ideas

How LyondellBasell’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Results just out

Results came out in the last few days. Option prices are still adjusting, so we do not judge them yet.

  • Implied is 1.29× the last 60 days’ realised volatility .
  • Puts are priced 8 points richer than calls (25-delta): the market is paying up for downside protection, which favours selling puts over calls.
  • Why: results came out in the last few days, so option prices are still adjusting.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

LyondellBasell in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

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) LyondellBasell
$26B $28B $30B $32B $34B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $33.3B Revenue (TTM), FY24 Q1: $31.4B Revenue (TTM), FY24 Q2: $29.8B Revenue (TTM), FY24 Q3: $27.7B Revenue (TTM), FY24 Q4: $33.4B Revenue (TTM), FY25 Q1: $32.8B Revenue (TTM), FY25 Q2: $31.7B Revenue (TTM), FY25 Q3: $30.9B Revenue (TTM), FY25 Q4: $30.2B Revenue (TTM), FY26 Q1: $29.7B Revenue (TTM), FY26 Q2: $31.2B Revenue (TTM), FY26 Q3: $32B $32B

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

View chart data
Period Revenue (TTM)
FY23 Q4 $33.3B
FY24 Q1 $31.4B
FY24 Q2 $29.8B
FY24 Q3 $27.7B
FY24 Q4 $33.4B
FY25 Q1 $32.8B
FY25 Q2 $31.7B
FY25 Q3 $30.9B
FY25 Q4 $30.2B
FY26 Q1 $29.7B
FY26 Q2 $31.2B
FY26 Q3 $32B
Revenue growth, TTM YoY LyondellBasell
-40% -20% 0% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -33.9% Revenue growth, TTM YoY, FY24 Q1: -34.0% Revenue growth, TTM YoY, FY24 Q2: -30.8% Revenue growth, TTM YoY, FY24 Q3: -33.0% Revenue growth, TTM YoY, FY24 Q4: 0.2% Revenue growth, TTM YoY, FY25 Q1: 4.4% Revenue growth, TTM YoY, FY25 Q2: 6.7% Revenue growth, TTM YoY, FY25 Q3: 11.3% Revenue growth, TTM YoY, FY25 Q4: -9.7% Revenue growth, TTM YoY, FY26 Q1: -9.4% Revenue growth, TTM YoY, FY26 Q2: -1.7% Revenue growth, TTM YoY, FY26 Q3: 3.5% 3.5%

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

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -33.9%
FY24 Q1 -34.0%
FY24 Q2 -30.8%
FY24 Q3 -33.0%
FY24 Q4 0.2%
FY25 Q1 4.4%
FY25 Q2 6.7%
FY25 Q3 11.3%
FY25 Q4 -9.7%
FY26 Q1 -9.4%
FY26 Q2 -1.7%
FY26 Q3 3.5%
Operating margin (TTM) LyondellBasell
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 8.2% Operating margin (TTM), FY24 Q1: 8.5% Operating margin (TTM), FY24 Q2: 8.9% Operating margin (TTM), FY24 Q3: 9.0% Operating margin (TTM), FY24 Q4: 5.7% Operating margin (TTM), FY25 Q1: 4.2% Operating margin (TTM), FY25 Q2: 2.1% Operating margin (TTM), FY25 Q3: -3.0% Operating margin (TTM), FY25 Q4: -1.4% Operating margin (TTM), FY26 Q1: -1.0% Operating margin (TTM), FY26 Q2: 3.1% Operating margin (TTM), FY26 Q3: 8.6% 8.6%

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

View chart data
Period Operating margin (TTM)
FY23 Q4 8.2%
FY24 Q1 8.5%
FY24 Q2 8.9%
FY24 Q3 9.0%
FY24 Q4 5.7%
FY25 Q1 4.2%
FY25 Q2 2.1%
FY25 Q3 -3.0%
FY25 Q4 -1.4%
FY26 Q1 -1.0%
FY26 Q2 3.1%
FY26 Q3 8.6%
FCF margin (TTM) LyondellBasell
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 10.2% FCF margin (TTM), FY24 Q1: 8.5% FCF margin (TTM), FY24 Q2: 8.6% FCF margin (TTM), FY24 Q3: 5.7% FCF margin (TTM), FY24 Q4: 5.9% FCF margin (TTM), FY25 Q1: 4.6% FCF margin (TTM), FY25 Q2: 1.5% FCF margin (TTM), FY25 Q3: 2.4% FCF margin (TTM), FY25 Q4: 1.3% FCF margin (TTM), FY26 Q1: 3.1% FCF margin (TTM), FY26 Q2: 5.1% FCF margin (TTM), FY26 Q3: 7.6% 7.6%

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

View chart data
Period FCF margin (TTM)
FY23 Q4 10.2%
FY24 Q1 8.5%
FY24 Q2 8.6%
FY24 Q3 5.7%
FY24 Q4 5.9%
FY25 Q1 4.6%
FY25 Q2 1.5%
FY25 Q3 2.4%
FY25 Q4 1.3%
FY26 Q1 3.1%
FY26 Q2 5.1%
FY26 Q3 7.6%

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

Financial statements

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

Fiscal year 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 48.2 45.4 44.1 45.6 32.7 29.2 34.5 39.0 34.7 27.8 46.2 50.5 33.3 33.4 30.2 32.0
Gross profit — — — — — 6.0 6.4 6.5 5.4 3.4 8.8 6.6 4.9 4.6 2.6 4.6
EBITDA 5.3 5.7 6.1 6.8 7.2 6.1 6.6 6.5 5.4 2.9 8.2 6.4 4.3 3.4 1.0 4.2
Operating income 4.3 4.7 5.1 5.7 6.1 5.1 5.5 5.2 4.1 1.6 6.8 5.1 2.7 1.9 −0.4 2.8
Net income 2.1 2.8 3.9 4.2 4.5 3.8 4.9 4.7 3.4 1.4 5.6 3.9 2.1 1.4 −0.7 1.3
Diluted EPS $3.74 $4.92 $6.75 $7.99 $9.59 $9.13 $12.23 $12.01 $9.58 $4.24 $16.75 $11.81 $6.46 $4.15 −$2.34 —
Growth (year on year)
Revenue — −5.9% −2.8% +3.5% −28.2% −10.9% +18.2% +13.1% −11.0% −20.1% +66.4% +9.3% −33.9% +0.2% −9.7% +3.5%
EBITDA — +7.4% +8.2% +10.3% +6.1% −14.6% +8.3% −2.4% −16.1% −45.8% +177.4% −22.0% −33.1% −19.2% −71.8% —
Operating income — +7.8% +9.1% +12.4% +6.7% −17.3% +7.9% −4.2% −21.3% −62.1% +334.4% −24.7% −46.6% −29.6% −121.9% —
Net income — +32.7% +35.4% +8.2% +7.2% −14.3% +27.2% −3.9% −27.6% −58.0% +293.6% −30.8% −45.5% −35.5% −154.0% —
Diluted EPS — +31.6% +37.2% +18.4% +20.0% −4.8% +34.0% −1.8% −20.2% −55.7% +295.0% −29.5% −45.3% −35.8% −156.4% —
Margins
Gross margin — — — — — 20.5% 18.6% 16.6% 15.6% 12.2% 19.0% 13.1% 14.7% 13.9% 8.5% 14.3%
EBITDA margin 10.9% 12.5% 13.9% 14.8% 21.9% 21.0% 19.2% 16.6% 15.6% 10.6% 17.7% 12.6% 12.8% 10.3% 3.2% 13.2%
Operating margin 9.0% 10.3% 11.6% 12.6% 18.7% 17.3% 15.8% 13.4% 11.9% 5.6% 14.7% 10.1% 8.2% 5.7% −1.4% 8.6%
Net margin 4.5% 6.3% 8.8% 9.2% 13.7% 13.1% 14.1% 12.0% 9.8% 5.1% 12.2% 7.7% 6.4% 4.1% −2.4% 4.1%
Free-cash-flow margin 3.8% 8.2% 7.4% 10.0% 13.4% 11.5% 10.6% 8.6% 6.5% 5.2% 12.4% 8.4% 10.2% 5.9% 1.3% 7.6%
Cash flow
Cash from operations 2.9 4.8 4.8 6.0 5.8 5.6 5.2 5.5 5.0 3.4 7.7 6.1 4.9 3.8 2.3 3.7
Capital spending 1.1 1.1 1.6 1.5 1.4 2.2 1.5 2.1 2.7 1.9 2.0 1.9 1.5 1.8 1.9 1.3
Free cash flow 1.8 3.7 3.3 4.5 4.4 3.4 3.7 3.4 2.3 1.5 5.7 4.2 3.4 2.0 0.4 2.4
Stock-based pay — — — — 0.1 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay — — — — 4.3 3.3 3.6 3.3 2.2 1.4 5.7 4.2 3.3 1.9 0.3 2.3
Balance sheet
Cash 1.1 4.5 4.5 1.0 0.9 0.9 1.5 0.3 0.9 1.8 1.5 2.2 3.4 3.4 3.4 3.2
Total debt 4.0 4.4 5.8 7.0 8.0 9.0 8.6 9.4 12.1 16.0 11.6 11.3 11.2 11.1 12.9 12.3
Net debt (negative = net cash) 3.0 −0.1 1.4 6.0 7.1 8.1 7.1 9.1 11.2 14.2 10.1 9.2 7.8 7.8 9.5 9.1
Diluted shares 572m — — — — — — — — — — — — — — —
Returned to shareholders
Dividends 2.9 2.4 1.1 1.4 1.4 1.4 1.4 1.6 1.5 1.4 1.5 3.2 1.6 1.7 1.8 1.1
Buybacks 0.0 0.0 1.9 5.8 4.7 2.9 0.9 1.9 3.8 0.0 0.5 0.4 0.2 0.2 0.2 0.0
Total returned 2.9 2.4 3.1 7.2 6.1 4.3 2.3 3.4 5.2 1.4 1.9 3.7 1.8 1.9 2.0 1.1

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 · $34.7bn
Short-term assets $12.1bnLonger-term assets $22.7bn
What it owes, and who funded it · $18.0bn
Short-term liabilities $6.8bnShareholders' equity $11.3bn
  • Short-term assets cover short-term liabilities $12.1bn of assets due within a year against $6.8bn 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 $3.2bn of cash against $11.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 102% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 88% to 102% over five years.
  • A year's operating cash flow covers at least 20% of debt $3.7bn of operating cash flow against $11.4bn of debt.
  • Operating profit covers interest at least five times over Operating income of $2.8bn against $546m of interest.

From LyondellBasell'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

FY2026 Q3 TTM
Buybacks (TTM)
$0
Dividends (TTM)
$1.1B
Returned to shareholders
46%
of free cash flow
Buybacks, last 3 fiscal years
$607M
Total shareholder yield
5.2%
dividends 5.2% + buybacks 0.0% of market value
Dividend payout ratio
86%
of net income paid out
R&D spending
0.4%
of revenue
Sales & admin spending
4.9%
of revenue

Competitors: side by side with peers

Closest by revenue in specialty chemicals
Last 12 months unless stated LYB SHW ECL PPG RPM ALB Median
Revenue, last 12 months $32.0bn $24.9bn $17.4bn $16.7bn $8.0bn $5.9bn $906m
Revenue growth, last 12 months 3.5% 7.0% 9.3% 6.4% 6.0% 18.3% 5.4%
Revenue growth, 3-year average −8.2% 2.7% 4.9% 1.3% 2.8% −15.1% 0.9%
Revenue growth, latest quarter 10.0% 7.9% 12.7% 6.6% 4.8% 31.1% 8.3%
Gross margin 14.3% 48.6% 43.9% 40.9% 41.2% 23.8% 28.8%
Operating margin 8.6% 19.1% 16.7% 18.7% — 4.3% 4.3%
Operating margin, 3-year average 4.9% 17.2% 17.0% 15.2% — −12.9% 5.5%
Net margin 4.1% 10.7% 12.0% 9.4% 8.7% 3.8% 0.8%
Cash from operations / revenue 11.6% 14.8% 17.4% 12.3% 11.6% 30.5% 6.9%
Free-cash-flow margin 7.6% 12.4% 10.3% 7.7% 8.9% 22.7% 4.3%
Free-cash-flow margin, 3-year average 5.2% 10.6% 11.0% 7.1% 8.9% 0.6% 5.1%
Stock pay / revenue 0.3% 0.5% 0.8% 0.3% 0.5% 0.6% 1.0%
Change in share count — −1.9% −0.8% −2.1% −0.6% 4.2% 0.1%

Median of all 42 companies we cover in specialty 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

42 specialty chemicals companies
Measure Company Peer median Rank
Revenue growth Growth 3.5% 6.0% 24 of 42
Change in growth rate Growth +5.3pp +1.3pp 10 of 42
Gross margin Profitability 14.3% 31.5% 33 of 40
Operating margin Profitability 8.6% 3.8% 14 of 39
Net margin Profitability 4.1% 1.7% 18 of 42
Free-cash-flow margin Cash generation 7.6% 4.8% 14 of 42
Stock pay as % of revenue Cash generation 0.3% 1.0% 5 of 36
Long-term debt as % of assets Balance sheet 32.2% 26.8% 27 of 36

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

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Olefins and Polyolefins Europe Asia International $9.6B 31.9% ▼ 5.7%
Intermediates and Derivatives $9B 29.7% ▼ 12.4%
Olefins and Polyolefins Americas $7.7B 25.4% ▼ 12.8%
Advanced Polymer Solutions $3.5B 11.5% ▼ 4.4%
Technology $463M 1.5% ▼ 20.2%
Corporate Non Segment and Eliminations $0 0.0% —
Products and services
Line of business Revenue Share YoY
Polyethylene $7.2B 23.9% ▼ 5.0%
Polypropylene $5.8B 19.4% ▼ 7.0%
Oxyfuels and Related Products $4.8B 16.0% ▼ 4.8%
Olefins and Co Products $4.2B 13.9% ▼ 17.3%
Compoundingandsolutions $3.5B 11.5% ▼ 4.4%
Po and Derivatives $2.1B 7.1% ▼ 8.8%
Intermediate Chemicals $1.9B 6.3% ▼ 30.0%
Other Products $596M 2.0% ▼ 17.6%
Geography
Region Revenue Share YoY
United States $11.1B 36.7% ▼ 12.1%
Non Reportable Geographical Components $8.3B 27.5% ▼ 6.0%
Germany $2.2B 7.3% ▼ 8.6%
China $1.8B 5.9% ▼ 25.0%
Mexico $1.6B 5.2% ▼ 9.9%
IT $1.3B 4.4% ▼ 6.8%
Japan $1.3B 4.2% ▼ 5.8%
France $1.2B 3.9% ▲ 8.6%
PL $790M 2.6% ▼ 14.4%
Netherlands $731M 2.4% ▲ 1.0%

From LyondellBasell's 10-K filed February 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$12.8B
Institutions reporting
871
Shares held vs prior quarter
▼ 1.7%
Positions opened / closed
113 / 158

Top buyers and sellers, Q2 2026: 461 institutions bought and 453 sold ; the biggest buyer was AQR Capital Management LLC (+5.0M shares) and the biggest seller Dodge & Cox (−16.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.5B 29.3M 12.1% ▲ 16.7%
Vanguard Capital Management LLC $889M 16.9M 7.0% ▲ 0.7%
State Street Corp $776M 14.7M 6.1% ▲ 9.1%
Capital World Investors $725M 13.8M 5.7% ▲ 17.2%
Vanguard Portfolio Management LLC $631M 12.0M 4.9% ▼ 0.1%
AQR Capital Management LLC $486M 9.2M 3.8% ▲ 118.3%
Davis Selected Advisers $458M 8.7M 3.6% ▲ 55.4%
Morgan Stanley $455M 8.6M 3.6% ▲ 29.7%
FMR LLC $436M 8.3M 3.4% ▼ 2.8%
Geode Capital Management, LLC $388M 7.3M 3.0% ▲ 5.4%
Invesco Ltd. $265M 5.0M 2.1% ▼ 0.9%
Royal Bank Of Canada $247M 4.7M 1.9% ▲ 32.9%

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 LyondellBasell's complete shareholder register. Values are as reported by the filers ; 8 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $246,621 1 trade by 1 insider, last 12 months Insider sales History → $27M 7 trades by 2 insiders · 0% under pre-set plans
Net ▼ $26.8M net selling
Insider Date Trade Shares Price Value
Kaplan Jeffrey A EVP, Chief PC, Leg & Corp Ofc May 13, 2026 Sell 10,000 $74.16 $741,573
Ai Investments Holdings Llc 10% owner March 9, 2026 Sell 251 $68.90 $17,294
Ai Investments Holdings Llc 10% owner March 9, 2026 Sell 114,592 $68.90 $7.9M
Ai Investments Holdings Llc 10% owner March 9, 2026 Sell 414 $68.13 $28,207
Ai Investments Holdings Llc 10% owner March 9, 2026 Sell 189,277 $68.13 $12.9M
Ai Investments Holdings Llc 10% owner March 9, 2026 Sell 177 $67.03 $11,865
Ai Investments Holdings Llc 10% owner March 9, 2026 Sell 80,679 $67.03 $5.4M
Foley Kimberly A EVP, Global O&P and Refining November 12, 2025 Buy 5,661 $43.56 $246,621

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.

Trades by members of Congress

All 37 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of LyondellBasell shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded January 9, 2026, filed February 13, 2026
  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded September 25, 2025, filed October 7, 2025
  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded September 23, 2025, filed August 5, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 29, 2027 estimated from the company's past filing pattern, not announced

  • October 30, 2026
  • July 31, 2026
  • May 1, 2026
  • January 30, 2026
  • October 31, 2025
  • August 1, 2025

Recent SEC filings

Data status

When each part of this page on LyondellBasell 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.

LyondellBasell in brief

What does LyondellBasell do?
LyondellBasell is a US-listed company in the specialty chemicals industry. Its financial year ends in December.
What is LyondellBasell's stock ticker?
LyondellBasell trades under the ticker LYB on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is LyondellBasell's revenue, and how fast is it growing?
Over its most recent trailing twelve months, LyondellBasell reported revenue of $32B, 3.5% higher than a year earlier, according to its SEC filings.
What is LyondellBasell's free cash flow?
LyondellBasell's free-cash-flow margin is 7.6% of revenue over the trailing twelve months, ranking 14 of the 42 specialty chemicals companies we cover.
What is LyondellBasell's fair value (intrinsic value) per share?
Our discounted-cash-flow model of LyondellBasell's free cash flow after stock-based pay gives ~$78 per share in the base case, and ~$53–$110 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are LyondellBasell's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Does LyondellBasell pay a dividend?
Yes: LyondellBasell paid $1.1B in dividends over the trailing twelve months, a dividend yield of 5.16% and a payout ratio of 85.6%.
How much debt does LyondellBasell have?
LyondellBasell's debt-to-equity ratio is 101.7%, from its latest balance sheet (88.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are LyondellBasell's competitors?
In our Specialty Chemicals peer group, the companies closest to LyondellBasell are Sherwin-Williams, Ecolab, PPG Industries, RPM International Inc and Albemarle Corporation. The side-by-side comparison below sets their revenue, margins and growth against LyondellBasell's.
Are insiders buying or selling LyondellBasell stock?
Over the last 12 months, LyondellBasell's directors and officers reported 1 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is LyondellBasell's next earnings date?
Around January 29, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — LyondellBasell announces its own schedule.