LXU

MKT CAP:$1B

LSB Industries, Inc.

Market Cap

$1B

Basic Materials·Chemicals·🇺🇸 United States·NYSE

Materials·Chemicals·🇺🇸·NYSE

Stock Price

$13.61+$5.04 (+58.81%)

Apr 17, 2026

Company Details

LSB Industries, Inc. engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer a...

CEO

Mark T. Behrman

IPO Date

Jan 2, 1980

Website

www.lsbindustries.com

Key Metrics TTM

Revenue

$615M

+17.8% YoY

Net Income

$25M

EPS (Diluted)

$0.34

Free Cash Flow

$96M

Revenue / Share

$8.50

Gross Margin

17.0%

Operating Margin

10.2%

Net Margin

4.0%

FCF Margin

15.5%

P/S

1.7x

P/E

41.7x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 26, 2026

$615M+17.8%EPS $0.34

Q4 2025

Feb 26, 2026

$165M+22.3%EPS $0.22

Q3 2025

Oct 30, 2025

$155M+42.3%EPS $0.10

Q2 2025

Jul 30, 2025

$151M+8.0%EPS $0.04

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$199M	$91M	$80M
Q2 22	$285M	$143M	$133M
Q3 22	$184M	$22M	$13M
Q4 22	$234M	$93M	$83M
Q1 23	$181M	$42M	$31M
Q2 23	$166M	$36M	$27M
Q3 23	$114M	-$3M	-$9M
Q4 23	$133M	$12M	$3M
Q1 24	$138M	$22M	$11M
Q2 24	$140M	$27M	$14M
Q3 24	$109M	-$8M	-$24M
Q4 24	$135M	$6M	-$7M
Q1 25	$143M	$14M	$4M
Q2 25	$151M	$23M	$10M
Q3 25	$155M	$26M	$16M
Q4 25	$165M	$41M	$32M

Valuation

Quarter	P/S	P/E
Q1 22	1.6x	8.9x
Q2 22	1.3x	5.3x
Q3 22	1.2x	5.0x
Q4 22	1.1x	4.5x
Q1 23	1.2x	5.5x
Q2 23	1.3x	9.4x
Q3 23	1.5x	10.4x
Q4 23	1.7x	36.8x
Q1 24	1.9x	58.2x
Q2 24	2.0x	487.7x
Q3 24	2.0x	—
Q4 24	2.0x	—
Q1 25	1.9x	—
Q2 25	1.9x	—
Q3 25	1.8x	—
Q4 25	1.7x	41.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$85M	$77M
Q2 22	$135M	$127M
Q3 22	$38M	$22M
Q4 22	$86M	$73M
Q1 23	$59M	$41M
Q2 23	$44M	$30M
Q3 23	$18M	$9M
Q4 23	$17M	-$10M
Q1 24	$24M	$6M
Q2 24	$41M	$27M
Q3 24	$17M	-$14M
Q4 24	$4M	-$24M
Q1 25	$7M	-$14M
Q2 25	$18M	-$315.0K
Q3 25	$53M	$36M
Q4 25	$18M	$74M

Capital Expenditures

Quarter	CapEx
Q1 22	$8M
Q2 22	$8M
Q3 22	$16M
Q4 22	$13M
Q1 23	$18M
Q2 23	$14M
Q3 23	$9M
Q4 23	$26M
Q1 24	$18M
Q2 24	$15M
Q3 24	$31M
Q4 24	$28M
Q1 25	$21M
Q2 25	$18M
Q3 25	$17M
Q4 25	$56M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+102.8%	+20.7%
Q2 22	+102.4%	+33.2%
Q3 22	+44.9%	+40.5%
Q4 22	+22.8%	+25.2%
Q1 23	-9.1%	+26.4%
Q2 23	-41.8%	-9.1%
Q3 23	-38.0%	-27.7%
Q4 23	-43.2%	-14.3%
Q1 24	-23.6%	-15.6%
Q2 24	-15.5%	-9.2%
Q3 24	-4.4%	+8.0%
Q4 24	+1.7%	+9.5%
Q1 25	+3.8%	+9.5%
Q2 25	+8.0%	+12.0%
Q3 25	+42.3%	+4.6%
Q4 25	+22.3%	-6.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$803.0K	0.4%
Q2 22	$0	0.0%
Q3 22	$921.0K	0.5%
Q4 22	$936.0K	0.4%
Q1 23	$719.0K	0.4%
Q2 23	$2M	1.2%
Q3 23	$1M	1.2%
Q4 23	$1M	1.0%
Q1 24	$1M	1.0%
Q2 24	$2M	1.5%
Q3 24	$2M	1.4%
Q4 24	$2M	1.2%
Q1 25	$2M	1.2%
Q2 25	$2M	1.4%
Q3 25	$2M	1.1%
Q4 25	$2M	1.1%

OpEx Breakdown

Quarter	SG&A
Q1 22	$11M
Q2 22	$10M
Q3 22	$9M
Q4 22	$10M
Q1 23	$10M
Q2 23	$9M
Q3 23	$9M
Q4 23	$9M
Q1 24	$10M
Q2 24	$12M
Q3 24	$10M
Q4 24	$10M
Q1 25	$10M
Q2 25	$10M
Q3 25	$10M
Q4 25	$11M

Revenue Segments

Quarter	Chemical
Q1 22	$199M
Q2 22	$285M
Q3 22	$184M
Q4 22	$234M
Q1 23	$181M
Q3 23	$114M
Q1 24	$138M
Q2 24	$140M
Q3 24	$109M
Q4 24	$135M
Q1 25	$143M
Q2 25	$151M
Q3 25	$155M
Q4 25	$165M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$254M	$89M	$344M
Q2 22	$125M	$326M	$451M
Q3 22	$20M	$366M	$385M
Q4 22	$64M	$331M	$394M
Q1 23	$49M	$377M	$426M
Q2 23	$45M	$269M	$314M
Q3 23	$47M	$271M	$318M
Q4 23	$99M	$207M	$306M
Q1 24	$126M	$139M	$265M
Q2 24	$216M	$0	$216M
Q3 24	$42M	$157M	$199M
Q4 24	$20M	$164M	$184M
Q1 25	$15M	$149M	$164M
Q2 25	$6M	$119M	$125M
Q3 25	$28M	$124M	$152M
Q4 25	$20M	$129M	$148M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	90M	+101.0%	+143.6%
Q2 22	90M	-0.2%	+128.6%
Q3 22	86M	-4.5%	+117.3%
Q4 22	79M	-7.2%	+77.7%
Q1 23	76M	-3.8%	-15.0%
Q2 23	76M	-0.9%	-15.5%
Q3 23	74M	-2.2%	-13.5%
Q4 23	73M	-1.2%	-7.9%
Q1 24	73M	+0.1%	-4.1%
Q2 24	72M	-1.6%	-4.8%
Q3 24	72M	-0.5%	-3.1%
Q4 24	70M	-1.8%	-3.7%
Q1 25	72M	+2.1%	-1.8%
Q2 25	72M	0.0%	-0.3%
Q3 25	72M	0.0%	+0.2%
Q4 25	72M	+0.8%	+2.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$365.1K	545
Q2 22	$522.6K	545
Q3 22	$338.1K	545
Q4 22	$428.7K	545
Q1 23	$332.0K	545
Q2 23	$304.3K	545
Q3 23	$209.7K	545
Q4 23	$226.3K	586
Q1 24	$235.8K	586
Q2 24	$239.0K	586
Q3 24	$186.4K	586
Q4 24	$231.4K	583
Q1 25	$246.0K	583
Q2 25	$259.5K	583
Q3 25	$266.6K	583
Q4 25	$321.7K	513

Revenue / Employee