LXUNYSEIndustrial Inorganic ChemicalsFiscal year ends December 31
LSB INDUSTRIES, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$10.48−0.15 (-1.41%)
Close on Oct 19, 2026
- Market cap
- $759.16M
- P/E (TTM)
- 21.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
17.0%+12.1 pts over 5 years
Operating margin
9.3%+13.7 pts over 5 years
Net margin
4.0%+21.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +17.8% | -12.0% | +11.9% | +3.5% | |
| Gross profit | +118.2% | -33.1% | +43.7% | +17.9% | |
| Operating income | – | -42.9% | – | – | |
| Net income | – | -52.5% | – | – | |
| EPS, diluted | – | -49.8% | – | – | |
| Free cash flow | – | -60.8% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 24.5% | -31.2% | 4.9% | |
| Return on assets | 8.5% | -5.8% | 2.1% | |
| Current ratio | 1.51 | 1.21 | 2.78 | |
| Debt to equity | 0.87 | 3.33 | 0.87 | |
| Net debt to EBITDA | -11.93× | 8.91× | 3.11× | |
| Interest coverage | -2.9× | -0.3× | 1.9× | |
| Inventory turnover | 17.9× | 15.6× | 23.6× | |
| Capex to revenue | 56.7% | 8.7% | 12.6% | |
| Diluted shares | 25M | 37M | 72M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Lsb Industries generated $752.90M from operations and spent $318.32M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$752.90M
Used
$318.32M
Capital expenditure$318.32M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.0%
×Asset turnover0.52×
×Equity multiplier2.33×
=Return on equity, FY20254.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.0% | 0.52× | 2.33× | 4.9% |
| FY2024 | -3.7% | 0.42× | 2.46× | -3.8% |
| FY2023 | 4.7% | 0.43× | 2.65× | 5.4% |
| FY2022 | 25.5% | 0.70× | 2.63× | 47.2% |
| FY2021 | 7.8% | 0.51× | 3.58× | 14.3% |
| FY2020 | -17.6% | 0.33× | 5.40× | -31.2% |
| FY2019 | -17.4% | 0.33× | 3.79× | -21.5% |
| FY2018 | -19.1% | 0.32× | 3.00× | -18.5% |
| FY2017 | -6.8% | 0.35× | 2.64× | -6.3% |
| FY2016 | 29.9% | 0.28× | 2.88× | 24.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$24.61M
- Cash generatingOperating cash flow above zero$95.52M
- Return on assets improvedROA up on the prior year-1.5% → 2.1%
- Earnings backed by cashOperating cash flow above net income$95.52M vs $24.61M
- Less leverageLong-term debt to assets fell40.1% → 37.5%
- Better liquidityCurrent ratio rose2.28 → 2.78
- No dilutionShare count did not rise72M → 72M
- Gross margin improvedGross margin up on the prior year9.15% → 16.95%
- More efficientAsset turnover rose0.40 → 0.52