Latest Ratios: P/E Ratio 31.6x · EV/EBITDA 8.6x · ROE 4.9%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $772M | $615M | $546M | $699M | $1.1B | $552M | $96M | $118M | $152M | $239M | $214M |
| Enterprise Value | $1.2B | $1.1B | $1.1B | $1.2B | $1.8B | $1.0B | $597M | $575M | $559M | $623M | $583M |
| P/E Ratio → | 31.59 | 25.00 | — | 25.16 | 4.96 | — | — | — | — | — | — |
| P/S Ratio | 1.25 | 1.00 | 1.05 | 1.18 | 1.27 | 0.99 | 0.27 | 0.32 | 0.40 | 0.56 | 0.57 |
| P/B Ratio | 1.50 | 1.18 | 1.11 | 1.35 | 2.22 | 1.20 | 0.23 | 0.24 | 0.28 | 0.39 | 0.34 |
| P/FCF | 42.72 | 34.07 | — | 10.00 | 3.82 | 10.52 | — | — | — | — | — |
| P/OCF | 8.08 | 6.44 | 6.31 | 5.08 | 3.31 | 6.30 | — | 56.11 | 8.61 | 292.91 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.76 | 2.01 | 2.06 | 2.02 | 1.85 | 1.70 | 1.58 | 1.48 | 1.46 | 1.56 |
| EV / EBITDA | 8.58 | 7.50 | 15.30 | 10.11 | 4.85 | 6.02 | 10.79 | 18.87 | 11.84 | 17.80 | — |
| EV / EBIT | 19.77 | 17.17 | 125.04 | 23.58 | 5.87 | 11.65 | — | — | — | — | — |
| EV / FCF | — | 60.09 | — | 17.46 | 6.08 | 19.62 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.0% | 17.0% | 9.1% | 14.5% | 38.6% | 25.0% | 4.9% | 1.4% | 4.2% | 1.3% | -13.2% |
| Operating Margin | 10.2% | 10.2% | -1.1% | 8.7% | 34.2% | 18.2% | -4.4% | -10.7% | -6.1% | -8.0% | -24.1% |
| Net Profit Margin | 4.0% | 4.0% | -3.7% | 4.7% | 25.5% | 7.8% | -17.6% | -17.4% | -19.1% | -6.8% | 29.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.9% | 4.9% | -3.8% | 5.4% | 47.2% | 9.9% | -13.7% | -12.4% | -12.5% | -4.7% | 18.1% |
| ROA | 2.1% | 2.1% | -1.6% | 2.0% | 17.9% | 4.0% | -5.8% | -5.7% | -6.2% | -2.4% | 8.5% |
| ROIC | 4.7% | 4.7% | -0.4% | 3.5% | 21.7% | 8.1% | -1.3% | -3.1% | -1.8% | -2.6% | -6.7% |
| ROCE | 5.9% | 5.9% | -0.5% | 4.2% | 26.5% | 10.2% | -1.6% | -3.9% | -2.2% | -3.1% | -7.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.94 | 0.94 | 1.07 | 1.20 | 1.44 | 1.22 | 1.23 | 1.00 | 0.80 | 0.68 | 0.67 |
| Debt / EBITDA | 3.38 | 3.38 | 7.65 | 5.14 | 1.97 | 3.27 | 9.36 | 15.76 | 9.18 | 11.94 | — |
| Net Debt / Equity | — | 0.90 | 1.03 | 1.01 | 1.32 | 1.04 | 1.19 | 0.95 | 0.75 | 0.63 | 0.58 |
| Net Debt / EBITDA | 3.25 | 3.25 | 7.36 | 4.32 | 1.81 | 2.79 | 9.06 | 15.01 | 8.63 | 10.98 | — |
| Debt / FCF | — | 26.02 | — | 7.46 | 2.27 | 9.10 | — | — | — | — | — |
| Interest Coverage | 2.06 | 2.06 | 0.24 | 1.26 | 6.63 | 1.79 | -0.30 | -0.82 | -0.64 | -0.91 | -3.20 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.78 | 2.78 | 2.28 | 3.68 | 3.98 | 2.32 | 1.21 | 1.27 | 1.32 | 1.50 | 1.51 |
| Quick Ratio | 2.15 | 2.15 | 1.78 | 3.09 | 3.48 | 1.76 | 0.73 | 0.80 | 0.90 | 1.04 | 1.04 |
| Cash Ratio | 1.41 | 1.41 | 1.36 | 2.58 | 2.77 | 0.78 | 0.15 | 0.22 | 0.21 | 0.31 | 0.50 |
| Asset Turnover | — | 0.52 | 0.44 | 0.46 | 0.63 | 0.49 | 0.33 | 0.34 | 0.33 | 0.36 | 0.29 |
| Inventory Turnover | 7.71 | 7.71 | 6.93 | 7.18 | 7.72 | 7.18 | 6.47 | 7.50 | 6.74 | 8.51 | 7.61 |
| Days Sales Outstanding | — | 33.94 | 27.08 | 24.83 | 30.28 | 56.71 | 44.21 | 39.93 | 64.37 | 50.86 | 49.99 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 0.3% | — | — | — | — | 3.7% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.2% | 4.0% | — | 4.0% | 20.2% | — | — | — | — | — | — |
| FCF Yield | 2.3% | 2.9% | — | 10.0% | 26.2% | 9.5% | — | — | — | — | — |
| Buyback Yield | 0.3% | 0.4% | 2.2% | 4.0% | 15.3% | 0.0% | 0.3% | 0.0% | 1.3% | 0.6% | 0.1% |
| Total Shareholder Yield | 0.3% | 0.4% | 2.2% | 4.0% | 15.3% | 0.3% | 0.3% | 0.0% | 1.3% | 0.6% | 3.8% |
| Shares Outstanding | — | $72M | $72M | $75M | $86M | $50M | $37M | $36M | $36M | $35M | $33M |
Natural gas price volatility
Based on current market data, LXU trades at a forward P/E of 9.82, which suggests that investors are pricing in a cyclical earnings recovery rather than long-term structural growth, especially when compared to the trailing P/E of 31.94 that reflects recent periods of depressed profitability.
The significant spread between trailing and forward multiples indicates that the market expects a normalization of margins following recent operational improvements. Investors should monitor whether this valuation gap closes through earnings growth or multiple compression, as the current P/S of 1.27 remains sensitive to commodity price fluctuations.
As reported in recent financial statements, LXU's ROIC has struggled to gain sustained momentum, hovering at 1.7% in 2026Q1, which highlights the difficulty of compounding returns in a capital-intensive industry where heavy reinvestment is required just to maintain existing production capacity and operational on-stream factors.
The low ROIC relative to industry peers suggests that the company's asset base is not yet generating sufficient economic profit to justify its high fixed-cost structure. Future value creation will likely depend on management's ability to improve plant reliability and shift the product mix toward higher-margin technical-grade chemicals.
According to quarterly filings, the company's cash conversion cycle has fluctuated, reaching 33 days in 2026Q1, which reflects the inherent challenges of managing seasonal agricultural inventory alongside the need to maintain efficient supplier payment terms in a volatile nitrogen market environment.
The stability in DSO and DIO suggests that management is maintaining reasonable control over receivables and inventory despite the seasonal nature of the business. However, the reliance on working capital efficiency to support liquidity warrants further investigation into how these metrics hold up during periods of softening agricultural demand.
Based on recent balance sheet data, LXU has successfully reduced its debt-to-equity ratio to 0.94%, a significant improvement that provides the company with a more resilient capital structure to navigate the inherent cyclicality of the nitrogen chemical sector compared to its historical leverage levels.
This reduction in debt burden appears to lower the company's interest coverage risk, providing a necessary buffer against potential natural gas price spikes. Investors should monitor whether this deleveraging trend continues or if management shifts toward capital-intensive growth projects that could re-introduce balance sheet strain.
The P/E ratio is frequently misapplied to LXU, as it obscures the company's high depreciation charges and the cyclical volatility of its feedstock costs, which often lead to distorted earnings figures that fail to reflect the underlying cash-generating capacity of the nitrogen production assets.
Analysts should prioritize EV/EBITDA or P/FCF metrics, as these better account for the company's capital structure and the heavy maintenance capex required to sustain operations. Relying on P/E in a commodity-linked business often leads to erroneous conclusions during the bottom of a cycle when earnings are artificially depressed.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying LXU stock.
LSB Industries, Inc.'s current P/E ratio is 31.6x. The historical average is 32.3x. This places it at the 81th percentile of its historical range.
LSB Industries, Inc.'s current EV/EBITDA is 8.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
LSB Industries, Inc.'s return on equity (ROE) is 4.9%. The historical average is -1.2%.
Based on historical data, LSB Industries, Inc. is trading at a P/E of 31.6x. This is at the 81th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
LSB Industries, Inc. has 17.0% gross margin and 10.2% operating margin. Operating margin between 10-20% is typical for established companies.
LSB Industries, Inc.'s Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.