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LSB Industries (LXU) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 26, 2026

LSB Industries (LXU) reported revenue of $165M for the fourth quarter 2025 (Q4 2025), +22% from a year earlier and +6% from the quarter before. Operating margin was 16.2%, net earnings $16.1M (9.8% of revenue).

Revenue$165M
Year over year+22%
Quarter over quarter+6%
Operating margin16.2%
Net earnings$16.1M

LSB Industries, Q4 2025: revenue $165M (+22% year over year), operating margin 16.2%, net earnings $16.1M, operating cash flow $17.9M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$165M+6%+22%
Gross profit$41.2M+61%+581%
Operating profit$26.7M+71%—
Net earnings$16.1M+127%—
Operating cash flow$17.9M-66%+351%

What changed

Revenue was $165.0M in Q4 2025, up 22% year over year and up 6% from the previous quarter.

Gross margin was 25.0%, up 20.5 points from a year earlier. Operating profit was $26.7M, a 16.2% margin (up 21.2 points year over year). Operating expenses grew 13% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $16.1M. The effective tax rate was 22.2%.

Operating cash flow was $17.9M (up 351% year over year), 111% of net earnings. Non-cash charges added back $21.8M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $21.8M. Capital expenditures of $21.1M exceeded it, leaving free cash flow of −$3.2M.

Questions

What was LSB Industries' revenue in the fourth quarter 2025?

LSB Industries (LXU) reported revenue of $165M for the fourth quarter 2025 (Q4 2025), +22% from a year earlier and +6% from the quarter before.

Was LSB Industries profitable in the fourth quarter 2025?

Operating profit was $26.7M (16.2% of revenue) and net earnings $16.1M.

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Source: LSB Industries 10-K on SEC EDGAR.