A Business at a Glance
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LSB INDUSTRIES, INC.
LXU
$886M
Mkt Cap
$12.24
+0.25%
LSB INDUSTRIES, INC. (LXU) has a current P/E ratio of 36.0, compared to its historical median P/E of 15.1. The stock is currently considered Expensive based on its historical valuation range.
LSB INDUSTRIES, INC. (LXU) has a 5-year average return on invested capital (ROIC) of 10.5%. This indicates solid capital allocation.
LSB INDUSTRIES, INC. (LXU) has a market capitalization of $1.1B. It is classified as a small-cap stock.
LSB INDUSTRIES, INC. (LXU) does not currently pay a regular dividend.
Based on historical P/E analysis, LSB INDUSTRIES, INC. (LXU) appears expensive. The current P/E of 36.0 is 139% above its historical median of 15.1. The estimated fair value CAGR (P/E method) is -45.1%.
LSB INDUSTRIES, INC. (LXU) operates in the Industrial Inorganic Chemicals industry, within the Materials sector.
LSB INDUSTRIES, INC. (LXU) reported annual revenue of $615 million in its most recent fiscal year, based on SEC EDGAR filings.
All references to “LSB Industries,” “LSB,” the “Company,” “we,” “us,” and “our” refer to LSB Industries, Inc. and its subsidiaries on a consolidated basis, except where the context makes clear that the reference is only to LSB Industries, Inc. itself and not its subsidiaries. Notes referenced throughout this document refer to consolidated financial statement footnote disclosures that are found in “Item 8. Financial Statements and Supplementary Data” of this report. Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto under the heading “Special Note Regarding Forward-Looking Statements – Defined Terms.” LSB is a Delaware corporation, formed in 1968, and headquartered in Oklahoma City, Oklahoma. LSB is committed to playing a leadership role in the production of low and no carbon products that build, feed and power the world.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 641M | 615M | 522M | 594M | 902M | 556M |
| Net Income | 46M | 25M | -19M | 28M | 230M | -220M |
| EPS | $0.50 | $0.34 | $-0.27 | $0.37 | $2.68 | $-4.40 |
| Free Cash Flow | 67M | 18M | -5.7M | 70M | 300M | 52M |
| ROIC | 8.3% | 5.3% | -0.7% | 5.1% | 29.8% | 13.0% |
| Gross Margin | 19.6% | 17.0% | 9.1% | 14.5% | 38.6% | 25.0% |
| Debt/Equity | 0.83 | 0.87 | 1.01 | 1.15 | 1.41 | 1.17 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 76M | 57M | -5.5M | 52M | 308M | 101M |
| Operating Margin | 11.8% | 9.3% | -1.1% | 8.7% | 34.2% | 18.2% |
| ROE | 8.5% | 4.9% | -3.8% | 5.4% | 47.2% | -72.1% |
| Shares Outstanding | 91M | 72M | 72M | 75M | 86M | 50M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 496M | 438M | 375M | 428M | 378M | 365M | 351M | 556M | 902M | 594M | 522M | 615M | 641M |
| Gross Margin | 13.2% | 4.6% | -13.2% | 1.3% | 4.2% | 1.4% | 4.9% | 25.0% | 38.6% | 14.5% | 9.1% | 17.0% | 19.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 39M | 50M | 40M | 35M | 41M | 34M | 32M | 38M | 39M | 37M | 42M | 42M | 45M |
| EBIT | 31M | -71M | -90M | -34M | -23M | -39M | -16M | 101M | 308M | 52M | -5.5M | 57M | 76M |
| Op. Margin | 6.2% | -16.3% | -24.1% | -8.0% | -6.1% | -10.7% | -4.4% | 18.2% | 34.2% | 8.7% | -1.1% | 9.3% | 11.8% |
| Net Income | 19M | -38M | 65M | -59M | -103M | -96M | -99M | -220M | 230M | 28M | -19M | 25M | 46M |
| Net Margin | 3.9% | -8.7% | 17.3% | -13.9% | -27.2% | -26.4% | -28.3% | -39.6% | 25.5% | 4.7% | -3.7% | 4.0% | 7.2% |
| Non-Recurring | -1.3M | -11K | 1.3M | 0 | 1.6M | -678K | -636K | 0 | -19K | -13K | -3K | -34K | -34K |
| Returns on Capital | |||||||||||||
| ROIC | 2.5% | -4.2% | 7.1% | -6.8% | -2.9% | -13.3% | -2.3% | 13.0% | 29.8% | 5.1% | -0.7% | 5.3% | 8.3% |
| ROE | 4.6% | -8.9% | 14.2% | -12.8% | -26.3% | -32.7% | -50.1% | -72.1% | 47.2% | 5.4% | -3.8% | 4.9% | 8.5% |
| ROA | 1.8% | -3.1% | 4.9% | -4.8% | -8.8% | -8.6% | -9.3% | -20.1% | 17.9% | 2.0% | -1.6% | 2.1% | 3.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 39M | -4.8M | -22M | 2.3M | 18M | 2.1M | -2.5M | 88M | 346M | 138M | 87M | 96M | 140M |
| Free Cash Flow | -179M | -444M | -235M | -33M | -19M | -34M | -33M | 52M | 300M | 70M | -5.7M | 18M | 67M |
| Owner Earnings | 6.9M | -42M | -85M | -70M | -61M | -68M | -74M | 13M | 275M | 63M | 5.5M | 6.2M | 47M |
| CapEx | 217M | 439M | 213M | 35M | 37M | 36M | 30M | 35M | 46M | 68M | 92M | 77M | 74M |
| Maint. CapEx | 31M | 36M | 59M | 67M | 70M | 68M | 70M | 69M | 67M | 69M | 74M | 82M | 83M |
| Growth CapEx | 186M | 403M | 153M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18M | 0 | 0 |
| D&A | 31M | 36M | 59M | 67M | 70M | 68M | 70M | 69M | 67M | 69M | 74M | 82M | 83M |
| CapEx/OCF | 562.6% | N/A | N/A | 1556.5% | 210.2% | 1719.0% | N/A | 40.1% | 13.3% | 49.2% | 106.6% | 81.1% | 52.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 300K | 300K | 8.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 0.0% | 0.0% | 1.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 785K | 1.6M | 4.0M | 5.2M | 8.4M | 2.2M | 1.8M | 5.5M | 4.0M | 5.4M | 6.6M | 7.4M | 10M |
| Debt Repayment | 15M | 12M | 11M | 11M | 11M | 11M | 11M | 18M | 17M | 21M | 17M | 16M | 16M |
| Balance Sheet | |||||||||||||
| Net Debt | 263M | 377M | 368M | 384M | 408M | 462M | 482M | 458M | 334M | 289M | 313M | 303M | 267M |
| Cash & Equiv. | 185M | 127M | 60M | 34M | 26M | 23M | 16M | 82M | 64M | 99M | 20M | 20M | 182M |
| Long-Term Debt | 440M | 498M | 406M | 400M | 413M | 450M | 467M | 518M | 703M | 576M | 476M | 440M | 440M |
| Debt/Equity | 1.07 | 1.26 | 0.87 | 0.95 | 1.27 | 1.96 | 3.33 | 1.17 | 1.41 | 1.15 | 1.01 | 0.87 | 0.83 |
| Interest Coverage | 1.4 | -9.7 | -2.9 | -0.9 | -0.5 | -0.8 | -0.3 | 2.0 | 6.6 | 1.3 | -0.2 | 1.9 | 2.6 |
| Equity | 434M | 422M | 493M | 438M | 342M | 247M | 150M | 460M | 516M | 518M | 492M | 520M | 543M |
| Total Assets | 1.1B | 1.4B | 1.3B | 1.2B | 1.1B | 1.1B | 1.1B | 1.1B | 1.4B | 1.3B | 1.2B | 1.2B | 1.2B |
| Total Liabilities | 697M | 940M | 259M | 751M | 806M | 841M | 904M | 672M | 924M | 780M | 696M | 654M | 35M |
| Intangibles | 1.7M | 1.6M | 1.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 286M | 248M | 314M | 256M | 154M | 58M | -41M | -31M | 199M | 227M | 208M | 232M | 252M |
| Working Capital | 264M | 141M | 61M | 54M | 41M | 28M | 22M | 138M | 424M | 318M | 174M | 188M | 217M |
| Current Assets | 419M | 333M | 181M | 164M | 166M | 131M | 130M | 243M | 567M | 437M | 310M | 293M | 321M |
| Current Liabilities | 155M | 192M | 120M | 109M | 126M | 103M | 107M | 105M | 142M | 119M | 136M | 106M | 105M |
| Per Share Data | |||||||||||||
| EPS | 0.28 | -0.56 | 0.85 | -0.73 | -1.25 | -0.88 | -0.90 | -4.40 | 2.68 | 0.37 | -0.27 | 0.34 | 0.50 |
| Owner EPS | 0.10 | -0.62 | -1.12 | -0.85 | -0.74 | -0.63 | -0.67 | 0.27 | 3.20 | 0.84 | 0.08 | 0.09 | 0.52 |
| Book Value | 6.36 | 6.17 | 6.44 | 5.36 | 4.15 | 2.27 | 1.36 | 9.21 | 6.00 | 6.87 | 6.86 | 7.18 | 5.95 |
| Cash Flow/Share | 0.57 | -0.07 | -0.29 | 0.03 | 0.21 | 0.02 | -0.02 | 1.75 | 4.02 | 1.82 | 1.21 | 1.32 | 1.41 |
| Dividends/Share | 0.00 | 0.00 | 0.10 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 68.2M | 68.3M | 76.5M | 81.8M | 82.4M | 109.2M | 110.1M | 50.0M | 86.0M | 75.5M | 71.7M | 72.4M | 91.2M |
| Valuation | |||||||||||||
| P/E Ratio | 29.2 | N/A | 2.8 | N/A | N/A | N/A | N/A | N/A | 5.1 | 25.6 | N/A | 25.0 | 24.3 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.4 | 3.9 | 10.2 | N/A | 34.1 | 16.7 |
| EV/EBIT | 27.1 | N/A | N/A | N/A | N/A | N/A | N/A | 9.1 | 4.9 | 19.4 | N/A | 16.1 | 18.2 |
| Price/Book | 1.3 | 0.3 | 0.4 | 0.4 | 0.3 | 0.5 | 0.5 | 1.2 | 2.3 | 1.4 | 1.1 | 1.2 | 2.1 |
| Price/Sales | 1.3 | 1.2 | 0.5 | 0.4 | 0.4 | 0.4 | 0.2 | 0.5 | 1.5 | 1.3 | 1.1 | 0.9 | 1.7 |
| FCF Yield | -31.7% | -355.2% | -130.6% | -17.7% | -17.0% | -28.6% | -41.4% | 9.6% | 25.6% | 9.8% | -1.1% | 2.9% | 6.0% |
| Market Cap | 565M | 125M | 180M | 187M | 114M | 119M | 80M | 548M | 1.2B | 714M | 543M | 616M | 1.1B |
| Avg. Price | 28.09 | 22.76 | 7.53 | 6.57 | 5.51 | 4.01 | 1.56 | 5.83 | 15.87 | 10.35 | 8.30 | 7.90 | 12.24 |
| Year-End Price | 24.83 | 5.48 | 7.05 | 6.85 | 4.15 | 3.26 | 2.17 | 10.95 | 13.61 | 9.46 | 7.58 | 8.51 | 12.24 |
LSB INDUSTRIES, INC. passes 2 of 9 quality checks, indicating weak fundamentals.
LSB INDUSTRIES, INC. trades at 36.0x trailing earnings, compared to its 15-year median P/E of 15.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 48.7x vs a median of 10.3x. The company's 5-year average ROIC is 10.5% with a gross margin of 20.9%. At current prices, the estimated annualized return to fair value is +8.6%.
LSB INDUSTRIES, INC. (LXU) has a net profit margin of 4.0%. This is a modest margin.
LSB INDUSTRIES, INC. (LXU) generated $18 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
LSB INDUSTRIES, INC. (LXU) has a debt-to-equity ratio of 0.87. This indicates moderate leverage.
LSB INDUSTRIES, INC. (LXU) reported earnings per share (EPS) of $0.34 in its most recent fiscal year.
LSB INDUSTRIES, INC. (LXU) has a return on equity (ROE) of 4.9%. This indicates moderate shareholder returns.
LSB INDUSTRIES, INC. (LXU) has a 5-year average gross margin of 20.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for LSB INDUSTRIES, INC. (LXU), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
LSB INDUSTRIES, INC. (LXU) has a book value per share of $7.18, based on its most recent annual SEC filing.