LSB Industries, Inc. (LXU) is a Materials stock trading at $11.53 (as of 2026-09-02), with a market capitalization of $830.13M and a trailing P/E of 22.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
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 and fertilizer blends for corn and other crops, and NPK fertilizer blends applications. It also offers high purity and commercial grade ammonia, high purity ammonium nitrate, sulfuric acids, mixed nitrating acids, carbon dioxide, and diesel exhaust fluids, as well as concentrated, and blended and regular nitric acids for various applications, including semi-conductor and polyurethane intermediates; pulp and paper, alum, water treatment, metals, and vanadium processing; power plant emissions abatement, water treatment, refrigerants, and metals processing; exhaust stream additive, and horticulture/greenhouse applications; and refrigeration. In addition, the company provides industrial grade ammonium nitrate, ammonium nitrate, and HDAN solutions for ammonium nitrate fuel oil and specialty emulsions for mining, surface mining, quarries, and construction applications. It sells its products through distributors, as well as directly to end customers in the United States, Mexico, and Canada. The company serves to the agricultural, industrial, and mining markets. LSB Industries, Inc. was founded in 1968 and is headquartered in Oklahoma City, Oklahoma.
LSB Industries produces and sells nitrogen-based fertilizers (ammonia, ammonium nitrate, urea blends) and industrial chemicals to agricultural and specialty-chemical customers, capturing the spread between product benchmark prices and natural gas feedstock costs. Most revenue flows from ammonium nitrate and nitric acid (40%) and urea (25%), while margins are a function of the gas-to-ammonia price differential rather than volumes.
Profit equals the gas-to-ammonia price spread multiplied through a relatively fixed volume base; when benchmark prices fall toward the natural-gas floor, the operating margin flips negative almost overnight.
| Ammonium Nitrate / Nitric Acid | $0.1B |
| Urea Ammonium Nitrate | $0.1B |
| Ammonia | $0.0B |
| Other Products | $0.0B |
| Other | $0.0B |
Business quality (Weak): Seventy cents of gross margin per revenue dollar and a negative operating margin put this in the 'Weak' quality bucket: the business is a cyclical commodity spread, not a differentiated product.
Valuation: At 19× earnings, LXU trades 39% below the Chemicals average (31×).
| Price | $11.53 |
| Market Cap | $830.13M |
| P/E Ratio | 22.6 |
| EV / EBITDA | 8.7 |
| Price / Book | 1.54 |
| Price / Sales | 1.26 |
| FCF Yield | 2.2% |
| DCF Value (model) | $6.22 |
| DCF Upside vs Price | -46.1% |
| Revenue (TTM) | $615.21M |
| Net Margin | 4.0% |
| Revenue Growth (YoY) | 11.1% |
| EPS Growth (YoY) | -325.0% |
| FCF Growth (YoY) | -552.5% |
| Altman Z-Score | 1.89 (grey) |
| Piotroski F-Score | 9/9 (strong) |
| Stock P/E | 22.6 |
| Sector P/E (Materials) | 23.9 |
| Industry P/E (Chemicals) | 32.1 |
| vs Sector | -5.5% |
| vs Industry | -29.6% |
| Top Institutional Holder | BlackRock, Inc. ($60.56M) |
| Institutional Holders Tracked | 10 |
| Sector | Materials |
| Industry | Chemicals |
| CEO | Mark T. Behrman |
| Employees | 583 |
| Country | US |
| IPO Date | 1980-01-02 |
Data as of 2026-09-02.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.