A Business at a Glance
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LyondellBasell Industries N.V.
LYB
$19.0B
Mkt Cap
$60.32
-2.27%
LyondellBasell Industries N.V. (LYB) has a 5-year average return on invested capital (ROIC) of 12.5%. This indicates solid capital allocation.
LyondellBasell Industries N.V. (LYB) has a market capitalization of $19.5B. It is classified as a large-cap stock.
Yes, LyondellBasell Industries N.V. (LYB) pays a dividend with a trailing twelve-month yield of 7.99%. The company also returns capital through share buybacks, with a buyback yield of 0.47%.
LyondellBasell Industries N.V. (LYB) operates in the Industrial Organic Chemicals industry, within the Materials sector.
LyondellBasell Industries N.V. (LYB) reported annual revenue of $30.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
LyondellBasell Industries N.V. (LYB) has a net profit margin of -2.4%. The company is currently unprofitable.
LyondellBasell Industries N.V. (LYB) generated $384 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
LyondellBasell Industries N.V. is a global, independent chemical company operating across the petrochemical value chain as an industry leader in olefins, polyolefins, and specialty chemicals. The company operates through five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Advanced Polymer Solutions (APS), and Technology. The core business converts large volumes of hydrocarbon feedstocks into plastic resins and chemicals that serve as building blocks for consumer products, packaging, automotive components, and industrial applications. LyondellBasell's competitive advantages include raw material flexibility (particularly in North America, where it can produce up to 90% of ethylene using advantaged natural gas liquids), low-cost operations, global scale, and proprietary polyolefin process technologies and catalysts. The company is the world's second-largest polypropylene producer and third-largest ethylene and polyethylene producer in North America, with significant joint venture interests in Saudi Arabia, China, Poland, South Korea, Thailand, Mexico, and Louisiana. Distribution occurs through direct sales to customers under long-term contracts and spot sales, supplemented by a global network of sales offices and distributors, with products transported via pipeline, railcar, truck, barge, and marine vessel depending on geography and product type.
【Strategic portfolio transformation underway】 Management is executing a multi-year strategy to reshape the business portfolio toward higher-return, advantaged-cost operations while building a Circular & Low Carbon Solutions platform. The company expects the Value Enhancement Program to deliver $1.5 billion of recurring annual EBITDA by 2028 based on mid-cycle margins and operating rates, with benefits becoming more prominent as volumes and margins recover from the current downturn. Near-term market dynamics show global supply tightness in polyolefins with announced and anticipated capacity closures exceeding 21 million tons of ethylene capacity through 2028, positioning LyondellBasell to benefit from improved supply-demand balance, particularly in North America and Europe where the company operates advantaged assets. The company is disciplined on capital allocation, deferring growth projects until the balance sheet strengthens and market outlook becomes more secure, while prioritizing cash generation through the cycle and maintaining an investment-grade balance sheet to fund debt maturities and selective high-value growth opportunities.
| Metric | Target | Period |
|---|---|---|
| Incremental cash flow | $500 million | FY2026 |
| Cumulative cash improvement target | $1.3 billion | Through end of 2026 |
| Value Enhancement Program recurring annual EBITDA | $1.5 billion | By 2028 |
| Capital expenditures | $1.2 billion | FY2026 |
| Future growth projects EBITDA increase | Approximately $400 million | Future periods |
| Effective and cash tax rates | 15%-20% | FY2026 |
Incremental cash flow (FY2026): “Looking ahead, we expect to deliver an additional $500 million of incremental cash in 2026 relative to 2025 actuals.”
Cumulative cash improvement target (Through end of 2026): “This increases the cumulative target for our cash improvement plan from $1.1 billion to $1.3 billion through the end of 2026.”
Value Enhancement Program recurring annual EBITDA (By 2028): “Building on this momentum, we are extending the Value Enhancement Program and targeting $1.5 billion of recurring annual EBITDA by 2028.”
Capital expenditures (FY2026): “For 2026, we expect our CapEx will be approximately $1.2 billion.”
Future growth projects EBITDA increase (Future periods): “Together, we expect these future growth projects will increase our EBITDA by approximately $400 million.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Polyethylene | $10.22B | $9.69B | $7.59B | $7.58B | $7.20B | 24% |
Polypropylene | $8.89B | $7.46B | $5.64B | $6.29B | $5.85B | 19% |
Oxyfuels and related products | $3.59B | $5.48B | $5.65B | $5.07B | $4.83B | 16% |
Olefins and co-products | — | $4.78B | $4.87B | $5.06B | $4.18B | 14% |
Compounding and solutions | $4.15B | $4.20B | $3.69B | $3.62B | $3.46B | 11% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 29.7B | 30.2B | 33.4B | 33.3B | 50.5B | 46.2B |
| Net Income | -790M | -738M | 1.4B | 2.1B | 3.9B | 5.6B |
| EPS | $-2.46 | $-2.34 | $4.15 | $6.46 | $11.81 | $16.75 |
| Free Cash Flow | 908M | 384M | 2.0B | 3.4B | 4.2B | 5.7B |
| ROIC | -1.2% | -3.3% | 9.0% | 10.9% | 19.7% | 26.1% |
| Gross Margin | - | 8.5% | 13.9% | 14.7% | 13.1% | 19.0% |
| Debt/Equity | 1.29 | 1.28 | 0.89 | 1.01 | 0.90 | 0.98 |
| Dividends/Share | $4.82 | $5.45 | $5.27 | $4.94 | $9.86 | $4.44 |
| Operating Income | -295M | -420M | 1.9B | 2.7B | 5.1B | 6.8B |
| Operating Margin | -1.0% | -1.4% | 5.7% | 8.2% | 10.1% | 14.7% |
| ROE | -7.9% | -6.5% | 10.8% | 16.6% | 31.8% | 56.7% |
| Shares Outstanding | 323M | 315M | 329M | 328M | 329M | 335M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 45.6B | 32.7B | 29.2B | 34.5B | 39.0B | 34.7B | 27.8B | 46.2B | 50.5B | 33.3B | 33.4B | 30.2B | 29.7B |
| Gross Margin | 3.2% | 5.0% | 5.7% | 4.4% | 4.0% | 3.6% | 12.2% | 19.0% | 13.1% | 14.7% | 13.9% | 8.5% | N/A |
| R&D | 127M | 102M | 99M | 106M | 115M | 111M | 113M | 124M | 124M | 130M | 135M | 136M | 138M |
| SG&A | 806M | 828M | 833M | 859M | 1.1B | 1.2B | 1.1B | 1.3B | 1.3B | 1.5B | 1.6B | 1.6B | 1.6B |
| EBIT | 5.7B | 6.1B | 5.1B | 5.5B | 5.2B | 4.1B | 1.6B | 6.8B | 5.1B | 2.7B | 1.9B | -420M | -295M |
| Op. Margin | 12.6% | 18.7% | 17.3% | 15.8% | 13.4% | 11.9% | 5.6% | 14.7% | 10.1% | 8.2% | 5.7% | -1.4% | -1.0% |
| Net Income | 4.2B | 4.5B | 3.8B | 4.9B | 4.7B | 3.4B | 1.4B | 5.6B | 3.9B | 2.1B | 1.4B | -738M | -790M |
| Net Margin | 9.2% | 13.7% | 13.1% | 14.1% | 12.0% | 9.8% | 5.1% | 12.2% | 7.7% | 6.4% | 4.1% | -2.4% | -2.7% |
| Non-Recurring | 0 | 548M | 34M | 0 | 0 | 33M | 582M | 624M | 69M | 252M | 284M | 966M | 966M |
| Returns on Capital | |||||||||||||
| ROIC | 31.5% | 34.9% | 29.1% | 35.1% | 27.9% | 18.1% | 7.4% | 26.1% | 19.7% | 10.9% | 9.0% | -3.3% | -1.2% |
| ROE | 40.2% | 60.2% | 60.9% | 65.1% | 48.8% | 37.0% | 17.8% | 56.7% | 31.8% | 16.6% | 10.8% | -6.5% | -7.9% |
| ROA | 16.2% | 19.1% | 16.6% | 19.7% | 17.2% | 11.5% | 4.3% | 15.6% | 10.6% | 5.8% | 3.8% | -2.1% | -2.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 6.0B | 5.8B | 5.6B | 5.2B | 5.5B | 5.0B | 3.4B | 7.7B | 6.1B | 4.9B | 3.8B | 2.3B | 2.6B |
| Free Cash Flow | 4.5B | 4.4B | 3.4B | 3.7B | 3.4B | 2.3B | 1.5B | 5.7B | 4.2B | 3.4B | 2.0B | 384M | 908M |
| Owner Earnings | 5.0B | 4.7B | 4.5B | 4.0B | 4.2B | 3.6B | 2.0B | 6.2B | 4.8B | 3.3B | 2.2B | 781M | 1.1B |
| CapEx | 1.5B | 1.4B | 2.2B | 1.5B | 2.1B | 2.7B | 1.9B | 2.0B | 1.9B | 1.5B | 1.8B | 1.9B | 1.7B |
| Maint. CapEx | 1.0B | 1.0B | 1.1B | 1.2B | 1.2B | 1.3B | 1.4B | 1.4B | 1.3B | 1.5B | 1.5B | 1.4B | 1.4B |
| Growth CapEx | 480M | 393M | 1.2B | 373M | 864M | 1.4B | 562M | 566M | 623M | 0 | 317M | 488M | 255M |
| D&A | 1.0B | 1.0B | 1.1B | 1.2B | 1.2B | 1.3B | 1.4B | 1.4B | 1.3B | 1.5B | 1.5B | 1.4B | 1.4B |
| CapEx/OCF | 24.8% | 24.6% | 40.0% | 29.7% | 38.5% | 54.3% | 57.2% | 25.5% | 30.9% | 31.0% | 48.2% | 83.0% | 64.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 1.4B | 1.4B | 1.4B | 1.4B | 1.6B | 1.5B | 1.4B | 1.5B | 3.2B | 1.6B | 1.7B | 1.8B | 1.6B |
| Dividend Yield | 5.3% | 5.9% | 7.1% | 6.4% | 6.0% | 7.3% | 8.5% | 6.1% | 13.7% | 6.3% | 6.3% | 10.1% | 8.0% |
| Share Buybacks | 5.8B | 4.7B | 2.9B | 866M | 1.9B | 3.8B | 4.0M | 463M | 420M | 211M | 195M | 201M | 91M |
| Buyback Yield | 24.7% | 20.2% | 13.7% | 3.2% | 9.0% | 16.8% | 0.0% | 2.0% | 1.9% | 0.8% | 0.9% | 1.5% | 0.5% |
| Stock-Based Comp | N/A | 53M | 38M | 55M | 39M | 48M | 55M | 66M | 70M | 91M | 91M | 91M | 103M |
| Debt Repayment | 0 | 0 | 0 | 1.0B | 394M | 3.0B | 2.9B | 3.9B | 0 | 425M | 776M | 492M | 492M |
| Balance Sheet | |||||||||||||
| Net Debt | 4.4B | 6.0B | 7.0B | 5.8B | 8.2B | 10.8B | 15.0B | 9.7B | 8.0B | 7.2B | 5.2B | 7.5B | 8.8B |
| Cash & Equiv. | 1.0B | 924M | 875M | 1.5B | 332M | 858M | 1.8B | 1.5B | 2.2B | 3.4B | 3.4B | 3.4B | 4.1B |
| Long-Term Debt | 6.7B | 7.7B | 8.4B | 8.5B | 8.5B | 11.6B | 15.3B | 11.2B | 10.5B | 10.3B | 10.5B | 12.1B | 11.2B |
| Debt/Equity | 0.85 | 1.23 | 1.48 | 0.96 | 0.92 | 1.50 | 2.19 | 0.98 | 0.90 | 1.01 | 0.89 | 1.28 | 1.29 |
| Interest Coverage | 16.3 | 19.7 | 15.7 | 11.1 | 14.5 | 11.9 | 3.0 | 13.1 | 17.8 | 5.7 | 4.0 | -0.9 | -0.9 |
| Equity | 8.3B | 6.5B | 6.0B | 8.9B | 10.3B | 8.0B | 8.0B | 11.9B | 12.6B | 12.9B | 12.5B | 10.1B | 10.0B |
| Total Assets | 24.2B | 22.8B | 23.4B | 26.2B | 28.3B | 30.4B | 35.4B | 36.7B | 36.4B | 37.0B | 35.7B | 34.0B | 34.0B |
| Total Liabilities | 15.9B | 16.2B | 17.4B | 17.3B | 18.0B | 22.4B | 27.4B | 24.9B | 23.7B | 24.1B | 23.3B | 23.9B | 1.9B |
| Intangibles | 769M | 640M | 550M | 568M | 965M | 869M | 751M | 695M | 662M | 641M | 577M | 450M | 417M |
| Retained Earnings | 6.8B | 9.8B | 12.3B | 15.7B | 6.8B | 4.4B | 4.4B | 8.6B | 9.2B | 9.7B | 9.3B | 6.8B | 6.7B |
| Working Capital | 6.2B | 5.4B | 5.1B | 7.0B | 5.1B | 4.3B | 6.1B | 5.0B | 5.1B | 6.0B | 5.6B | 4.7B | 3.9B |
| Current Assets | 11.6B | 9.8B | 9.6B | 11.7B | 10.6B | 9.5B | 11.6B | 12.2B | 11.8B | 13.2B | 12.3B | 10.9B | 11.1B |
| Current Liabilities | 5.4B | 4.3B | 4.5B | 4.8B | 5.5B | 5.2B | 5.5B | 7.2B | 6.8B | 7.2B | 6.7B | 6.1B | 7.2B |
| Per Share Data | |||||||||||||
| EPS | 7.99 | 9.59 | 9.13 | 12.23 | 12.01 | 9.58 | 4.24 | 16.75 | 11.81 | 6.46 | 4.15 | -2.34 | -2.46 |
| Owner EPS | 9.63 | 10.16 | 10.72 | 9.97 | 10.74 | 10.18 | 5.84 | 18.60 | 14.52 | 10.10 | 6.70 | 2.48 | 3.28 |
| Book Value | 15.91 | 14.03 | 14.39 | 22.43 | 26.28 | 22.73 | 23.68 | 35.36 | 38.31 | 39.38 | 37.83 | 31.97 | 31.11 |
| Cash Flow/Share | 11.58 | 12.52 | 13.34 | 13.05 | 14.02 | 14.02 | 10.11 | 22.95 | 18.58 | 15.05 | 11.59 | 7.17 | 1.92 |
| Dividends/Share | 2.70 | 3.04 | 3.33 | 3.55 | 4.00 | 4.15 | 4.20 | 4.44 | 9.86 | 4.94 | 5.27 | 5.45 | 4.82 |
| Shares Out. | 522.4M | 466.7M | 420.2M | 398.9M | 390.3M | 353.9M | 336.6M | 335.3M | 329.3M | 328.3M | 329.4M | 315.4M | 322.8M |
| Valuation | |||||||||||||
| P/E Ratio | 5.6 | 5.1 | 5.6 | 5.6 | 4.4 | 6.6 | 15.2 | 4.1 | 5.7 | 12.7 | 16.3 | N/A | -24.6 |
| P/FCF | 5.1 | 5.2 | 6.4 | 7.5 | 6.1 | 9.8 | 14.9 | 4.0 | 5.2 | 7.9 | 11.2 | 35.5 | 21.4 |
| EV/EBIT | 4.9 | 4.7 | 5.6 | 6.1 | 5.5 | 8.1 | 22.5 | 4.9 | 5.7 | 10.3 | 13.8 | N/A | N/A |
| Price/Book | 2.8 | 3.5 | 3.6 | 3.1 | 2.0 | 2.8 | 2.7 | 1.9 | 1.7 | 2.1 | 1.8 | 1.4 | 1.9 |
| Price/Sales | 0.6 | 0.7 | 0.7 | 0.6 | 0.7 | 0.6 | 0.6 | 0.5 | 0.5 | 0.6 | 0.8 | 0.6 | 0.7 |
| FCF Yield | 19.4% | 19.1% | 15.7% | 13.4% | 16.4% | 10.2% | 6.8% | 24.9% | 19.2% | 12.7% | 9.0% | 2.8% | 4.7% |
| Market Cap | 23.4B | 23.0B | 21.5B | 27.3B | 20.6B | 22.3B | 21.6B | 23.1B | 22.0B | 27.0B | 22.1B | 13.8B | 19.5B |
| Avg. Price | 51.14 | 51.14 | 46.96 | 55.40 | 66.06 | 56.36 | 48.96 | 72.06 | 71.84 | 78.15 | 83.03 | 55.46 | 60.32 |
| Year-End Price | 44.83 | 49.36 | 51.14 | 68.42 | 52.67 | 63.06 | 64.42 | 68.84 | 67.04 | 82.36 | 67.49 | 43.25 | 60.32 |
LyondellBasell Industries N.V. passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 50.6x vs a median of 7.7x. The company's 5-year average ROIC is 12.5% with a gross margin of 13.9%. Total shareholder yield (dividends + buybacks) is 8.5%. At current prices, the estimated annualized return to fair value is -6.5%.
LyondellBasell Industries N.V. (LYB) has a debt-to-equity ratio of 1.28. This indicates moderate leverage.
LyondellBasell Industries N.V. (LYB) reported earnings per share (EPS) of $-2.34 in its most recent fiscal year.
LyondellBasell Industries N.V. (LYB) has a return on equity (ROE) of -6.5%. A negative ROE may indicate losses or negative equity.
LyondellBasell Industries N.V. (LYB) has a 5-year average gross margin of 13.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for LyondellBasell Industries N.V. (LYB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
LyondellBasell Industries N.V. (LYB) has a book value per share of $31.97, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is executing a multi-year strategy to reshape the business portfolio toward higher-return, advantaged-cost operations while building a Circular & Low Carbon Solutions platform. The company expects the Value Enhancement Program to deliver $1.5 billion of recurring annual EBITDA by 2028 based on mid-cycle margins and operating rates, with benefits becoming more prominent as volumes and margins recover from the current downturn. Near-term market dynamics show global supply tightness in polyolefins with announced and anticipated capacity closures exceeding 21 million tons of ethylene capacity through 2028, positioning LyondellBasell to benefit from improved supply-demand balance, particularly in North America and Europe where the company operates advantaged assets. The company is disciplined on capital allocation, deferring growth projects until the balance sheet strengthens and market outlook becomes more secure, while prioritizing cash generation through the cycle and maintaining an investment-grade balance sheet to fund debt maturities and selective high-value growth opportunities.
Based on recent SEC filings and earnings calls, LyondellBasell Industries N.V. (LYB) has provided the following forward guidance: Incremental cash flow: $500 million (FY2026); Cumulative cash improvement target: $1.3 billion (Through end of 2026); Value Enhancement Program recurring annual EBITDA: $1.5 billion (By 2028); Capital expenditures: $1.2 billion (FY2026); Future growth projects EBITDA increase: Approximately $400 million (Future periods), plus 1 additional metric.
Effective and cash tax rates (FY2026): “With the change in outlook for 2026, we currently expect both our effective and cash tax rates for the year will range between 15%-20%.”