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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% | -227.2% |
| 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% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 901.71 | 593.71 | 522.40 | 615.21 |
| Operating Revenue | - | 901.71 | 542.60 | 488.58 | 579.21 |
| 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 |
| Selling General And Administration | - | 39.43 | 36.58 | 41.77 | 41.51 |
| Total Expenses | - | 593.33 | 541.93 | 527.90 | 557.93 |
| Operating Income | - | 308.38 | 51.78 | -5.50 | 57.27 |
| Total Operating Income As Reported | - | 308.38 | 51.78 | -5.50 | 57.27 |
| EBITDA | - | 383.28 | 143.95 | 82.89 | 145.14 |
| Normalized EBITDA | - | 383.40 | 135.31 | 79.88 | 145.19 |
| EBIT | - | 316.35 | 75.03 | 8.41 | 63.21 |
| Interest Expense | - | 46.83 | 41.14 | 34.45 | 30.66 |
| Net Interest Income | - | -46.83 | -41.14 | -34.45 | -30.66 |
| Other Non Operating Income Expenses | - | 8.08 | 14.61 | 10.91 | 5.98 |
| Other Income Expense | - | 7.97 | 23.26 | 13.92 | 5.93 |
| Interest Expense Non Operating | - | 46.83 | 41.14 | 34.45 | 30.66 |
| Net Non Operating Interest Income Expense | - | -46.83 | -41.14 | -34.45 | -30.66 |
| Pretax Income | - | 269.52 | 33.90 | -26.04 | 32.55 |
| Tax Provision | - | 39.17 | 5.97 | -6.68 | 7.94 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.02 | 1.52 | 0.77 | -0.01 |
| Net Income Continuous Operations | - | 230.35 | 27.92 | -19.35 | 24.61 |
| Net Income From Continuing And Discontinued Operation | - | 230.35 | 27.92 | -19.35 | 24.61 |
| Net Income From Continuing Operation Net Minority Interest | - | 230.35 | 27.92 | -19.35 | 24.61 |
| Net Income | - | 230.35 | 27.92 | -19.35 | 24.61 |
| Net Income Common Stockholders | - | 230.35 | 27.92 | -19.35 | 24.61 |
| Net Income Including Noncontrolling Interests | - | 230.35 | 27.92 | -19.35 | 24.61 |
| Normalized Income | - | 230.44 | 20.80 | -21.59 | 24.65 |
| Diluted NI Availto Com Stockholders | - | 230.35 | 27.92 | -19.35 | 24.61 |
| Basic Average Shares | - | 84.69 | 74.54 | 71.68 | 72.39 |
| Diluted Average Shares | - | 85.95 | 75.10 | 71.68 | 72.39 |
| Reconciled Depreciation | - | 66.94 | 68.92 | 74.48 | 81.93 |
| Reconciled Cost Of Revenue | - | 553.34 | 507.45 | 474.60 | 510.91 |
| Total Unusual Items | - | -0.11 | 8.64 | 3.01 | -0.05 |
| Total Unusual Items Excluding Goodwill | - | -0.11 | 8.64 | 3.01 | -0.05 |
| Preferred Stock Dividends | 262.02 | - | - | - | - |
| Special Income Charges | - | -0.11 | 8.64 | 3.01 | -0.05 |
| Other Special Charges | - | 0.11 | -8.64 | -3.01 | 0.05 |
| Other Operating Expenses | - | 0.56 | -2.10 | 11.54 | 5.52 |
| Otherunder Preferred Stock Dividend | 1.52 | 0 | 0 | - | - |
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 | $927M | 37.67 | 1.78 | 4.7% | 9.63 |
| Green Plains Inc. | GPRE | $1.1B | -8.71 | 1.38 | -15.8% | 42.51 |
| ASP Isotopes Inc. | ASPI | $1.0B | - | 4.92 | -85.8% | - |
| NioCorp Developments Ltd. | NB | $858M | -49.27 | 30.28 | -61.5% | -46.40 |
| Metallus Inc. | MTUS | $838M | -698.65 |
| - |
| - |
| - |
| - |
| - |
| 1.22 |
| -0.2% |
| 11.55 |
| Koppers Holdings Inc. | KOP | $811M | 14.48 | 1.41 | 9.8% | 8.13 |
| SunCoke Energy, Inc. | SXC | $801M | -18.12 | 1.34 | -7.4% | 12.88 |
| Kronos Worldwide, Inc. | KRO | $789M | -7.12 | 1.05 | -14.8% | 65.36 |
| Ferroglobe PLC | GSM | $766M | -4.49 | 1.29 | -28.7% | -12.41 |
| Peer Median | - | -8.71 | 1.36 | -15.3% | 11.55 | |