LSB Industries, Inc. (LXU)

LSB Industries, Inc. manufactures, markets, and sells chemical products in the United States. The company offers ammonia and urea ammonia nitrate for agricultural applications. It also provides high purity and commercial grade ammonia, high purity ammonium nitrate, sulfuric acids, concentrated, blended and regular nitric acid, mixed nitrating acids, carbon dioxide, industrial grade ammonium nitrate, and ammonium nitrate for industrial applications. It sells its products to farmers, ranchers, fertilizer dealers, and distributors primarily in the ranch land and grain production markets, as well as industrial users of acids and explosive manufacturers. LSB Industries, Inc. was founded in 1968 and is headquartered in Oklahoma City, Oklahoma.

Ticker: LXU
Exchange: NYSE
Sector: Basic Materials
Industry: Chemicals
Market cap: $768.51M
52-week range: $8.20 - $17.22

Valuation

Share price: $10.60 (close of Nov 6, 2026)
P/E (TTM): 16.83x
Price to book: 1.38x
Price to free cash flow: 11.99x
Enterprise value: $1.05B
Book value per share: $7.70

Price performance

Period	Change
1 day	+2.42%
5 days	-7.99%
1 month	+4.23%
3 months	+9.39%
6 months	-24.61%
Year to date	+24.71%
1 year	+26.79%
3 years	+27.40%
5 years	+15.85%
10 years	+131.95%
All time	+359.33%

Short interest

As of: Oct 15, 2026
Short % of float: 6.69%
Shares short: 3.65M
Days to cover: 5.11
Change since prior report: -5.12%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 4.73%
Return on invested capital: 4.89%
Return on assets: 2.10%
Return on capital employed: 5.36%
Gross margin: 16.95%
Net margin: 4.00%
EBITDA margin: 22.63%
Revenue growth: 17.77%

Cash flow and balance sheet

Free cash flow yield (TTM): 8.34%
Current ratio: 3.01x
Net debt to EBITDA: 1.67x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $615.21M
Cost of revenue: $510.91M
Gross profit: $104.30M
EBITDA: $139.20M
Net income: $24.61M
Earnings per share: $0.34
Interest expense: $30.66M
Shares outstanding: 71.89M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$615.21M	$104.30M	$24.61M	$0.34
2024-12-31	$522.40M	$47.80M	-$19.35M	-$0.27
2023-12-31	$593.71M	$86.26M	$27.92M	$0.37
2022-12-31	$901.71M	$348.37M	$230.35M	$2.72
2021-12-31	$556.24M	$138.98M	$43.55M	-$4.40
2020-12-31	$351.32M	$17.05M	-$61.91M	-$2.71
2019-12-31	$365.07M	$4.99M	-$63.42M	-$2.65
2018-12-31	$378.16M	$15.84M	-$72.23M	-$2.88
2017-12-31	$427.50M	$5.47M	-$29.22M	-$1.68
2016-12-31	$374.58M	-$49.31M	$112.17M	$1.95

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	16.95%	4.00%	4.73%	4.89%
2024-12-31	9.15%	-3.70%	-3.94%	-0.27%
2023-12-31	14.53%	4.70%	5.39%	4.06%
2022-12-31	38.63%	25.55%	44.65%	21.38%
2021-12-31	24.99%	7.83%	9.46%	9.83%
2020-12-31	4.85%	-17.62%	-41.37%	-1.60%
2019-12-31	1.37%	-17.37%	-25.64%	-2.67%
2018-12-31	4.19%	-19.10%	-21.11%	-2.91%
2017-12-31	1.28%	-6.83%	-6.67%	-1.99%
2016-12-31	-13.16%	29.94%	22.77%	-5.24%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$148.47M	$440.30M
2024-12-31	$184.20M	$476.16M
2023-12-31	$305.93M	$575.87M
2022-12-31	$394.32M	$702.73M
2021-12-31	$82.14M	$518.19M
2020-12-31	$16.26M	$467.39M
2019-12-31	$22.79M	$449.63M
2018-12-31	$26.05M	$412.68M
2017-12-31	$33.62M	$400.25M
2016-12-31	$60.02M	$406.48M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$18.06M	$7.37M
2024-12-31	-$5.72M	$6.61M
2023-12-31	$69.92M	$5.35M
2022-12-31	$299.82M	$4.03M
2021-12-31	$52.50M	$5.52M
2020-12-31	-$32.98M	$1.76M
2019-12-31	-$33.98M	$2.22M
2018-12-31	-$19.43M	$8.36M
2017-12-31	-$33.15M	$5.21M
2016-12-31	-$234.58M	$3.99M

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-28	Sep 2026	-
2026-07-29	Jun 2026	-
2026-04-29	Mar 2026	-
2026-02-25	Dec 2025	$0.18
2025-10-29	Sep 2025	$0.07
2025-07-29	Jun 2025	$0.18
2025-04-29	Mar 2025	$0.02
2025-02-26	Dec 2024	-$0.01

Filings and sources

Company website: lsbindustries.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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