LSB Industries, Inc.
Rank #453Op. LeverageLXU · NYSE · Basic Materials
LSB Industries, Inc. (LXU) — Rank #453 by gross profitability (GP/assets 0.09) · ROE 4.6% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · CIK 0000060714 · all metrics point-in-time as of the filing date.
About
LSB Industries, Inc. manufactures, markets, and sells chemical products in the United States.
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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.
- Industry
- Chemicals
- Sector
- Basic Materials
- State
- DE
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- lsbindustries.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$815.73M
P/E (annual)
33.3
P/S (annual)
1.3
P/B
1.5
P/OCF (annual)
8.5
Shareholder Yield
-0.5%
Employees
513
Industry
Chemicals
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
2/3 passGrowth
2/2 passTerry Smith quality gate
Passes 0/5 Terry Smith thresholdsWhat Growth Is Priced In
Implied revenue growth (10Y)
18.9%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 0.5% — per-share value needs a total required return of 19.4% once share-count change is priced in.
vs. own 6-year median revenue growth: 7.0%
priced above its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
13.9%
r = 10% (base)
18.9%
r = 12%
23.2%
Net debt / market cap: 27.7%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Operating margin expansion and free cash flow are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.09
Primary signal (Novy-Marx).
12th pctl of 34 SIC 28 peers
Return on equity
4.6%
Gross margin
17.0%
12th pctl of 34 SIC 28 peers
Revenue growth (YoY)
17.8%
RPO growth (YoY)
4.3%
Remaining performance obligations growth — RPO > revenue = forward demand building.
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-12.0%
Revenue CAGR (5Y)
11.9%
Earnings CAGR (3Y)
-52.5%
FCF CAGR (3Y)
-60.8%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.27
27th pctl of 31 SIC 28 peers (best = lowest)
Current ratio
2.43×
55th pctl of 34 SIC 28 peers
Quick ratio
1.90×
Net cash
-$226.99M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$18.06M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
-0.27
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.2%
Stock-based comp intensity.
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).