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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $615M | $145M | $25M | $18M | 4.7% | 17.8% | - |
| 2024 | $522M | $83M | $-19M | $-6M | -3.9% | -12.0% | -169.3% |
| 2023 | $594M | $144M | $28M | $70M | 5.4% | -34.2% | -87.9% |
| 2022 | $902M | $383M | $230M | $300M | 44.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 901.71 | 593.71 | 522.40 | 615.21 |
| Cost Of Revenue | 553.34 | 507.45 | 474.60 | 510.91 |
| Gross Profit | 348.37 | 86.26 | 47.80 | 104.30 |
| Operating Expense | 39.99 | 34.48 | 53.30 | 47.03 |
| Operating Income | 308.38 | 51.78 | -5.50 | 57.27 |
| EBITDA | 383.29 | 143.95 | 82.89 | 145.14 |
| EBIT | 316.35 | 75.03 | 8.41 | 63.21 |
| Pretax Income | 269.52 | 33.90 | -26.04 | 32.55 |
| Tax Provision | 39.17 | 5.97 | -6.68 | 7.94 |
| Net Income | 230.35 | 27.92 | -19.35 | 24.61 |
| Net Income Common Stockholders | 230.35 | 27.92 | -19.35 | 24.61 |
| Total Expenses | 593.33 | 541.93 | 527.90 | 557.93 |
| Interest Expense | 46.83 | 41.14 | 34.45 | 30.66 |
| Selling General And Administration | 39.43 | 36.58 | 41.77 | 41.51 |
| Normalized EBITDA | 383.40 | 135.31 | 79.88 | 145.19 |
| Normalized Income | 230.44 | 20.80 | -21.59 | 24.65 |
| Basic EPS | 2.72 | 0.37 | -0.27 | 0.34 |
| Diluted EPS | 2.68 | 0.37 | -0.27 | 0.34 |
| Tax Effect Of Unusual Items | -0.02 | 1.52 | 0.77 | -0.01 |
| Tax Rate For Calcs | 0.15 | 0.18 | 0.26 | 0.24 |
| Total Unusual Items | -0.11 | 8.64 | 3.01 | -0.05 |
| Total Unusual Items Excluding Goodwill | -0.11 | 8.64 | 3.01 | -0.05 |
| Net Income From Continuing Operation Net Minority Interest | 230.35 | 27.92 | -19.35 | 24.61 |
| Reconciled Depreciation | 66.94 | 68.92 | 74.48 | 81.93 |
| Reconciled Cost Of Revenue | 553.34 | 507.45 | 474.60 | 510.91 |
| Net Interest Income | -46.83 | -41.14 | -34.45 | -30.66 |
| Net Income From Continuing And Discontinued Operation | 230.35 | 27.92 | -19.35 | 24.61 |
| Total Operating Income As Reported | 308.38 | 51.78 | -5.50 | 57.27 |
| Diluted Average Shares | 85.95 | 75.10 | 71.68 | 72.36 |
| Basic Average Shares | 84.69 | 74.54 | 71.68 | 71.89 |
| Diluted NI Availto Com Stockholders | 230.35 | 27.92 | -19.35 | 24.61 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | 0 |
| Preferred Stock Dividends | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 230.35 | 27.92 | -19.35 | 24.61 |
| Net Income Continuous Operations | 230.35 | 27.92 | -19.35 | 24.61 |
| Other Income Expense | 7.97 | 23.25 | 13.92 | 5.93 |
| Other Non Operating Income Expenses | 8.08 | 14.61 | 10.91 | 5.98 |
| Special Income Charges | -0.11 | 8.64 | 3.01 | -0.05 |
| Other Special Charges | 0.11 | -8.64 | -3.01 | 0.05 |
| Net Non Operating Interest Income Expense | -46.83 | -41.14 | -34.45 | -30.66 |
| Interest Expense Non Operating | 46.83 | 41.14 | 34.45 | 30.66 |
| Other Operating Expenses | 0.56 | -2.10 | 11.54 | 5.52 |
| Operating Revenue | 901.71 | 542.61 | 488.57 | 579.21 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| LSB Industries, Inc.this co. | LXU | $1.1B | 44.71↑ premium | 2.10 | 4.7% | 9.89 |
| Green Plains Inc. | GPRE | $1.2B | - | 1.57 | -15.7% | 41.60 |
| Stepan Company | SCL | $1.2B | 25.19 | 0.95 | 3.8% | 8.13 |
| Compass Minerals International, Inc. | CMP | $1.1B | - | 4.07 | -34.1% | 8.96 |
| Oil-Dri Corporation of America | ODC | $1.0B |
| 20.01 |
| 3.85 |
| - |
| 12.42 |
| Ramaco Resources, Inc. | METC | $956M | - | 2.00 | -10.6% | 72.74 |
| Ferroglobe PLC | GSM | $839M | - | 1.41 | -24.7% | -28.41 |
| NWPX Infrastructure, Inc. | NWPX | $829M | 24.16 | 2.09 | 9.0% | 13.51 |
| Kronos Worldwide, Inc. | KRO | $826M | - | 1.10 | -14.8% | 81.56 |
| Peer Median | - | 24.16 | 1.78 | -14.8% | 12.97 | |