LSB INDUSTRIES, INC.
LXU · Industrial Inorganic Chemicals · 71.9M shares · +27%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$3M (gross $2M, SBC $5M)
Reference price $11.80 · est. market cap ~$849M — last insider sale, 2026-06-10 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C68Nitrogen producer with strong sector-relative percentiles but low absolute returns and a sharp earnings decline in a cyclical year.
Strengths
- Strong relative metrics: operating margin 90th, OCF margin 88.9th, revenue growth 17.8% (70.4th)
- Solid liquidity (current ratio 2.8, quick 2.6) and advantaged low-cost natural gas position
- Diversified industrial/agricultural mix with pass-through industrial contracts
Risks
- Low absolute returns (ROE 4.7%, ROA 2.1%) despite high percentiles, and bottom-decile net income growth (-227%)
- Earnings highly exposed to natural-gas and nitrogen price volatility
- Reliant on four aging facilities with unplanned-downtime risk
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Chronic dilutionShare count +27%/yr over 3y (dilution, book value/share -51%)
- Strong balance sheetStrong balance sheet — $148M cash & investments
- Insider sellingInsider selling — 28 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$80M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
17.0%
Operating margin
9.3%
Net margin
4.0%
Return on equity
4.7%
Return on assets
2.1%
ROIC
4.7%
Revenue growth (QoQ)
2.7%
Debt / equity
0.8×
Net debt / EBITDA
2.1×
Interest coverage
1.9×
Current ratio
2.8×
Free cash flow
$18M
EBITDA
$139M
Tangible book value
$520M
Cash & investments
$148M
Stock comp / revenue
1.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-10 | White Lynn F | Sell | 40K | $11.80 |
| 2026-06-08 | CARVER KRISTY | Sell | 9.6K | $12.38 |
| 2026-05-22 | Ackerman Jonathan Z. | Grant | 9.3K | $12.97 |
| 2026-05-22 | CHANDLER JOHN D | Grant | 9.3K | $12.97 |
| 2026-05-22 | White Lynn F | Grant | 9.3K | $12.97 |
| 2026-05-22 | Bertocco Riccardo | Grant | 9.3K | $12.97 |
| 2026-05-22 | Peninger Diana M | Grant | 9.3K | $12.97 |
| 2026-04-24 | BEHRMAN MARK T | Grant | 707K | $14.57 |
| 2026-03-26 | Boehly Todd L | Sell | 4.9M | $14.85 |
| 2026-03-12 | MAGUIRE CHERYL | Disposition | 20K | $15.00 |
| 2026-03-02 | BEHRMAN MARK T | Sell | 250K | $11.75 |
| 2026-02-26 | CARVER KRISTY | Sell | 2.1K | $10.99 |
| 2026-02-11 | GOLSEN BARRY H | Sell | 13K | $10.04 |
| 2026-02-11 | GOLSEN BARRY H | Sell | 4.4K | $10.04 |
| 2026-02-10 | GOLSEN BARRY H | Sell | 6.3K | $10.04 |
| 2026-02-10 | GOLSEN BARRY H | Sell | 19K | $10.04 |
| 2026-02-09 | GOLSEN BARRY H | Sell | 826 | $10.00 |
| 2026-02-09 | GOLSEN BARRY H | Sell | 2.5K | $10.00 |
| 2026-02-04 | MAGUIRE CHERYL | Grant | 29K | — |
| 2026-02-04 | Foster Michael J. | Grant | 27K | — |
| 2026-02-04 | Renwick Damien | Grant | 25K | — |
| 2026-02-04 | BEHRMAN MARK T | Grant | 154K | — |
| 2026-02-04 | Bemis Scott D | Grant | 11K | — |
| 2026-02-04 | CARVER KRISTY | Grant | 8.1K | — |
| 2026-01-26 | Foster Michael J. | Tax withheld | 2.5K | $9.88 |
| 2026-01-26 | Foster Michael J. | Grant | 12K | $9.88 |
| 2026-01-26 | Foster Michael J. | Tax withheld | 5.4K | $9.88 |
| 2026-01-26 | MAGUIRE CHERYL | Tax withheld | 2.5K | $9.88 |
| 2026-01-26 | MAGUIRE CHERYL | Grant | 12K | $9.88 |
| 2026-01-26 | MAGUIRE CHERYL | Tax withheld | 5.4K | $9.88 |
| 2026-01-26 | Renwick Damien | Tax withheld | 1.7K | $9.88 |
| 2026-01-26 | Renwick Damien | Grant | 8.2K | $9.88 |
| 2026-01-26 | Renwick Damien | Tax withheld | 3.6K | $9.88 |
| 2026-01-26 | BEHRMAN MARK T | Tax withheld | 14K | $9.88 |
| 2026-01-26 | BEHRMAN MARK T | Grant | 68K | $9.88 |
| 2026-01-26 | BEHRMAN MARK T | Tax withheld | 30K | $9.88 |
| 2026-01-26 | CARVER KRISTY | Tax withheld | 868 | $9.88 |
| 2026-01-26 | CARVER KRISTY | Grant | 3.7K | $9.88 |
| 2026-01-26 | CARVER KRISTY | Tax withheld | 1.9K | $9.88 |
| 2026-01-23 | GOLSEN BARRY H | Sell | 12K | $10.03 |
| 2026-01-23 | GOLSEN BARRY H | Sell | 4.0K | $10.03 |
| 2026-01-22 | GOLSEN BARRY H | Sell | 4.9K | $10.02 |
| 2026-01-22 | GOLSEN BARRY H | Sell | 1.6K | $10.02 |
| 2026-01-21 | GOLSEN BARRY H | Sell | 24K | $10.06 |
| 2026-01-21 | GOLSEN BARRY H | Sell | 73K | $10.06 |
| 2026-01-21 | MAGUIRE CHERYL | Disposition | 5.9K | $10.01 |
| 2026-01-17 | MAGUIRE CHERYL | Tax withheld | 4.5K | $9.60 |
| 2026-01-17 | Foster Michael J. | Tax withheld | 4.5K | $9.60 |
| 2026-01-17 | Renwick Damien | Tax withheld | 4.2K | $9.60 |
| 2026-01-17 | CARVER KRISTY | Tax withheld | 1.4K | $9.60 |
| 2026-01-17 | BEHRMAN MARK T | Tax withheld | 23K | $9.60 |
| 2026-01-16 | Renwick Damien | Tax withheld | 3.6K | $9.95 |
| 2026-01-16 | BEHRMAN MARK T | Tax withheld | 22K | $9.95 |
| 2026-01-16 | Bemis Scott D | Tax withheld | 1.6K | $9.95 |
| 2026-01-16 | CARVER KRISTY | Tax withheld | 1.2K | $9.95 |
| 2026-01-16 | MAGUIRE CHERYL | Tax withheld | 4.5K | $9.95 |
| 2026-01-16 | Foster Michael J. | Tax withheld | 4.0K | $9.95 |
| 2026-01-15 | GOLSEN BARRY H | Sell | 386 | $10.00 |
| 2026-01-15 | MAGUIRE CHERYL | Sell | 1.6K | $10.00 |
| 2026-01-15 | GOLSEN BARRY H | Sell | 1.2K | $10.00 |
| 2026-01-14 | CARVER KRISTY | Sell | 20K | $9.99 |
| 2026-01-14 | GOLSEN BARRY H | Sell | 8.6K | $10.00 |
| 2026-01-14 | GOLSEN BARRY H | Sell | 7.0K | $10.00 |
| 2026-01-14 | MAGUIRE CHERYL | Sell | 7.6K | $10.00 |
| 2026-01-09 | GOLSEN BARRY H | Sell | 57K | $9.10 |
| 2026-01-08 | GOLSEN BARRY H | Sell | 12K | $9.09 |
| 2026-01-08 | GOLSEN BARRY H | Sell | 19K | $9.06 |
| 2026-01-08 | GOLSEN BARRY H | Sell | 88K | $9.23 |
| 2025-12-12 | GOLSEN BARRY H | Sell | 7.5K | $9.04 |
| 2025-12-12 | GOLSEN BARRY H | Sell | 23K | $9.04 |
| 2025-12-11 | GOLSEN BARRY H | Sell | 41K | $9.03 |
| 2025-12-11 | GOLSEN BARRY H | Sell | 13K | $9.03 |
| 2025-12-05 | GOLSEN BARRY H | Sell | 21K | $9.07 |
| 2025-12-05 | GOLSEN BARRY H | Sell | 6.3K | $9.07 |
| 2025-12-04 | GOLSEN BARRY H | Sell | 84K | $9.16 |
| 2025-12-04 | GOLSEN BARRY H | Sell | 28K | $9.16 |
| 2025-11-11 | MAGUIRE CHERYL | Disposition | 20K | $9.81 |
| 2025-10-30 | MAGUIRE CHERYL | Disposition | 5.4K | $9.75 |
| 2025-10-06 | Foster Michael J. | Disposition | 28K | $9.07 |
| 2025-10-03 | Foster Michael J. | Disposition | 1.7K | $8.99 |
| 2025-09-15 | GOLSEN BARRY H | Gift | 328K | — |
| 2025-05-15 | CHANDLER JOHN D | Grant | 17K | $7.16 |
| 2025-05-15 | Peninger Diana M | Grant | 17K | $7.16 |
| 2025-05-15 | Packebush Steven L | Grant | 17K | $7.16 |
| 2025-05-15 | Bertocco Riccardo | Grant | 17K | $7.16 |
| 2025-05-05 | CHANDLER JOHN D | Buy | 8.0K | $6.57 |
| 2025-03-08 | CARVER KRISTY | Disposition | 3.5K | $7.05 |
| 2025-01-25 | MAGUIRE CHERYL | Disposition | 2.5K | $8.73 |
| 2025-01-25 | CARVER KRISTY | Disposition | 868 | $8.73 |
| 2025-01-25 | BEHRMAN MARK T | Disposition | 14K | $8.73 |
| 2025-01-25 | Renwick Damien | Disposition | 1.7K | $8.73 |
| 2025-01-25 | Foster Michael J. | Disposition | 2.5K | $8.73 |
| 2025-01-20 | Foster Michael J. | Disposition | 6.0K | $9.07 |
| 2025-01-20 | Renwick Damien | Disposition | 3.9K | $9.07 |
| 2025-01-20 | BEHRMAN MARK T | Disposition | 26K | $9.07 |
| 2025-01-20 | BEHRMAN MARK T | Tax withheld | 59K | — |
| 2025-01-20 | Foster Michael J. | Tax withheld | 13K | — |
| 2025-01-20 | Renwick Damien | Tax withheld | 8.0K | — |
| 2025-01-20 | MAGUIRE CHERYL | Tax withheld | 12K | — |
| 2025-01-20 | MAGUIRE CHERYL | Disposition | 5.7K | $9.07 |
| 2025-01-17 | BEHRMAN MARK T | Disposition | 24K | $9.14 |
| 2025-01-17 | MAGUIRE CHERYL | Disposition | 4.7K | $9.14 |
| 2025-01-17 | Renwick Damien | Disposition | 4.2K | $9.14 |
| 2025-01-17 | CARVER KRISTY | Disposition | 1.4K | $9.14 |
| 2025-01-17 | Foster Michael J. | Disposition | 4.6K | $9.14 |
| 2025-01-16 | Bemis Scott D | Grant | 9.8K | $9.15 |
| 2025-01-16 | MAGUIRE CHERYL | Grant | 27K | $9.15 |
| 2025-01-16 | Foster Michael J. | Grant | 25K | $9.15 |
| 2025-01-16 | CARVER KRISTY | Grant | 7.5K | $9.15 |
| 2025-01-16 | Renwick Damien | Grant | 22K | $9.15 |
| 2025-01-16 | BEHRMAN MARK T | Grant | 142K | $9.15 |
| 2024-12-30 | GOLSEN BARRY H | Gift | 24K | — |
| 2024-12-30 | GOLSEN BARRY H | Gift | 24K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- Covestro LLC
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-01 | 2026-05-28 | 0001193125-26-251573 ↗ |
| 8-K | 2026-05-21 | 2026-05-18 | 0001193125-26-234765 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0001193125-26-234766 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001193125-26-194397 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001193125-26-197288 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0001193125-26-191707 ↗ |
| 8-K | 2026-04-27 | 2026-04-24 | 0001193125-26-182194 ↗ |
| 8-K | 2026-04-07 | 2026-04-02 | 0001193125-26-145611 ↗ |
| 8-K | 2026-04-03 | 2026-03-30 | 0001193125-26-141550 ↗ |
| 8-K | 2026-03-09 | 2026-03-04 | 0001193125-26-098634 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001193125-26-073853 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001193125-26-076810 ↗ |