Filing Flows

Filing Flows › Companies › LSB Industries › Cash flow

LSB Industries cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$2.4M in Q3 2026 · $64.1M over twelve months

Operating cash flow$20.5M
Capital spending−$18.1M
Free cash flow+$2.4M
Cash / net income1.3×
Cash conversion cycle-22 days

Analysis

In Q3 2026, LSB Industries generated $20.5M of operating cash flow and spent $18.1M on capital projects, leaving free cash flow of $2.4M. That is $33.2M less than in Q3 2025 ($35.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $150M; the largest uses were capital spending ($85.5M), other investing ($40.2M), net borrowing (+) / repaid (−) ($14.2M); besides operations, cash came from other financing ($70K); the cash balance rose by $9.7M.

Operating cash flow was $20.5M against net income of $16.3M — 1.3× profit, cash ran ahead of reported earnings. The largest differences: payables −$23.7M, depreciation & amortization +$22.3M, deferred taxes +$5.2M.

Its cash conversion cycle was -22 days (receivables 32 + inventory 15 − payables 68): suppliers fund its working capital.

Free cash flow

LSB Industries: free cash flow by quarterLSB Industries: free cash flow by quarter−$24.2MQ4 2024−$14.0MQ1 2025−$315KQ2 2025$35.6MQ3 2025−$3.2MQ4 2025$34.8MQ1 2026$30.1MQ2 2026$2.4MQ3 2026
Operating cash flow less capital spending.
LSB Industries: operating cash flow against capital spendingLSB Industries: operating cash flow against capital spendingOperating cash flowCapital spending$4.0M$28.2MQ4 2024$6.8M$20.9MQ1 2025$18.2M$18.5MQ2 2025$52.6M$17.0MQ3 2025$17.9M$21.1MQ4 2025$51.8M$17.0MQ1 2026$59.4M$29.3MQ2 2026$20.5M$18.1MQ3 2026
Latest (Q3 2026): Operating cash flow $20.5M, Capital spending $18.1M.

Capital allocation, year by year

LSB Industries: where the cash came from (up) and went (down), by fiscal yearLSB Industries: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingFY2021: Operating cash flow $87.6MFY2021: Net borrowing $16.7MFY2021: Capital spending −$35.1M$104MFY2021FY2022: Operating cash flow $346MFY2022: Net borrowing $3.2MFY2022: Capital spending −$45.8M$349MFY2022FY2023: Operating cash flow $138MFY2023: Net borrowing −$117MFY2023: Capital spending −$67.6M$138MFY2023FY2024: Operating cash flow $86.6MFY2024: Net borrowing −$93.9MFY2024: Capital spending −$92.3M$86.6MFY2024FY2025: Operating cash flow $95.5MFY2025: Net borrowing −$41.7MFY2025: Capital spending −$77.5M$95.5MFY2025
Over these 5 years operating cash flow totalled $753M; the largest uses were capital spending ($318M) and net borrowing ($253M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$203M
Debt$442M
Net debt$239M
Due within a year$760K

LSB Industries funds itself: free cash flow was $64.1M over the last twelve months, and $203M of cash and investments stands against $442M of debt ($760K due within a year, 267.7× covered by cash).

LSB Industries: debt maturities by year (FY2024)LSB Industries: debt maturities by year (FY2024)$760KYear 1$750KYear 2$439MYear 3$747KYear 4$750KYear 5$2.5MAfter year 5
Principal due in each year as disclosed in the annual report, against $203M of cash and investments now.

Where the cash came from and went

LSB Industries: sources (+) and uses (−) of cash, Q3 2026LSB Industries: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$20.5MOther investing$18.8MCapital spending−$18.1MCash drawn (+) / kept (−)−$17.3MNet borrowing (+) / repaid (−)−$3.6MOther financing−$220K
LSB Industries: sources (+) and uses (−) of cash, TTM to Q3 2026LSB Industries: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$150MCapital spending−$85.5MOther investing−$40.2MNet borrowing (+) / repaid (−)−$14.2MCash drawn (+) / kept (−)−$9.7MOther financing$70K

From profit to cash

LSB Industries: net income to operating cash flow, Q3 2026LSB Industries: net income to operating cash flow, Q3 2026Net income$16.3MDepreciation & amortization$22.3MStock-based pay$2.5MDeferred taxes$5.2MGains on disposals$3.5MOther non-cash−$676KReceivables−$4.8MInventory−$5.0MPayables−$23.7MOperating cash flow$20.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 2026321568-22
Q2 2026281148-8
Q1 20262914430
Q4 2025291446-3
Q3 20252916422
Q2 20253118427
Q1 2025281849-3
Q4 2024281756-12

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$20.5M−$18.1M−$3.6M−$17.3M$2.4M
Q2 2026$59.4M−$29.3M−$3.6M$285K$30.1M
Q1 2026$51.8M−$17.0M−$3.5M−$1.1M$34.8M
Q4 2025$17.9M−$21.1M—$8.4M−$3.2M
Q3 2025$52.6M−$17.0M−$2.7M−$22.3M$35.6M
Q2 2025$18.2M−$18.5M−$4.0M$9.4M−$315K
Q1 2025$6.8M−$20.9M−$4.0M$5.2M−$14.0M
Q4 2024$4.0M−$28.2M−$5.5M$22.1M−$24.2M

LSB Industries: income statement and cash flow

LSB Industries, Q3 2026: revenue $159M (+2% year over year), operating margin 16.9%. The chart follows the revenue to costs, profit and cash.

LSB Industries: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.