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LyondellBasell Industries N.V.

LYB Basic Materials Specialty Chemicals

LyondellBasell Industries N.V.’s revenue for fiscal 2025 (year ended December 2025) was $30.2 billion, down 9.71% from fiscal 2024.

Revenue
+9.99%
EPS
+183.8%
Free cash flow
+144.9%
Total debt
+4.01%

Quarter to September 2026, against a year earlier

61.79 1.17 −1.86%
Market cap
$19.9B
P/E
15.6×
Fwd P/E
9.2×
Dividend yield
5.57%
F-score
3/9
Altman Z
1.64
Beneish M
−2.87
Dividend safety
0/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2024

  • Polyethylene
  • Polypropylene
  • Oxyfuels and related products
  • Olefins and co-products
  • Compounding and solutions
  • Intermediate chemicals
  • Propylene oxide and derivatives
  • Other

Every year since 2011 →

Insider Decisions last twelve months

Sold, $m 0.74
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 — — — — — —
Insider Ownership 20.20%

Capital & Financial Ratios $m

Size
Market Cap 19,920.00
Revenue ttm 31,964.00
Net income ttm 1,302.00
Free cash flow ttm 2,545.00
Net debt Q 9,096.00
Valuation
P/E 15.60
Forward P/E 9.21
Price / sales 0.62
Forward P/S Powerpack
Price / FCF 7.84
Price / book 1.77
Financial health
Current ratio Q 1.78 (at or above 1.5: strong)
Debt / equity Q 1.10
Interest coverage Q 7.73
Growth
Revenue growth Q +9.99% (above 0%: growing)
Operating income growth Q +245.96% (above 0%: growing)
EPS, this year +431.51% (at or above 15%: strong)
EPS, next year A −30.14% (below 0%: weak)
Revenue, next year A +10.41% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +55.52% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 1.1×; over the ten years it ranged from 0.6× in 2022 to 1.7× in 2021.
P/E against its own 10 years 84.45%
10-year low 10-year high
P/S against its own 10 years 19.14%
10-year low 10-year high
P/B against its own 10 years 9.24%
10-year low 10-year high
EV/Sales against its own 10 years 21.12%
10-year low 10-year high
EV/FCF against its own 10 years 25.16%
10-year low 10-year high

Dividends raised 3 years running

Yield
5.57%
Annual rate
3.44
Payout ratio
86.9%
Growth, 2017–25
+5.50%/yr
  1. 3.55 ’17
  2. 4.00 ’18 +13
  3. 4.15 ’19 +4
  4. 4.20 ’20 +1
  5. 4.44 ’21 +6
  6. 3.51 ’22 −21
  7. 4.94 ’23 +41
  8. 5.27 ’24 +7
  9. 5.45 ’25 +3
  10. 2.76 ’26e −49
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3,405 3,388 3,449 3,235
Receivables 3,507 3,292 2,517 3,716
Inventory 4,765 4,658 3,533 4,067
Other — — 757 —
13,152 12,266 10,868 12,072
2023 2024 2025 Q'26
Payables 3,815 3,732 2,694 3,282
ST’ Debt 899 617 814 1,138
Other — — 665 —
7,150 6,705 6,129 6,794

Compound Annual Growth %

10y 5y 3y
Sales (0.82%) 1.67% (15.77%)
Cash Flow (9.05%) (7.85%) (28.23%)
Earnings 0.00% 0.00% 0.00%
Book Value 4.38% 4.79% (7.20%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 3.56 Actual 4.30

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.80 1.01 Beat by 0.21
Q4 FY25 0.18 −0.26 Miss by 0.44
Q1 FY26 0.31 0.49 Beat by 0.18
Q2 FY26 3.56 4.30 Beat by 0.74
Q4 FY26 1.74 — Reports 29 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.38 1.71 2.32 — —
’25 0.54 0.35 (2.77) (0.45) (2.34)
’24 1.44 2.82 1.75 (1.87) 4.15
’23 1.44 2.18 2.29 0.56 6.46
’22 4.00 4.98 1.75 1.07 11.81
’21 3.18 6.13 5.25 2.18 16.75
’20 0.42 0.94 0.33 2.55 4.24
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 7,197 9,177 8,499 — —
’25 7,677 7,658 7,727 7,091 30,153
’24 8,304 8,678 8,604 7,808 33,394
’23 10,247 10,306 10,625 2,158 33,336
’22 13,157 14,838 12,250 10,206 50,451
’21 9,082 11,561 12,700 12,830 46,173
’20 7,494 5,546 6,776 7,937 27,753
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (269) 752 1,716 — —
’25 (579) 351 983 1,507 2,262
’24 (114) 1,348 670 1,915 3,819
’23 482 1,290 1,666 1,504 4,942
’22 1,502 1,599 1,414 1,604 6,119
’21 571 1,902 2,143 3,079 7,695
’20 542 1,292 827 743 3,404
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (538) 482 1,413 — —
’25 (1,062) (188) 577 1,188 515
’24 (597) 864 302 1,479 2,048
’23 130 989 1,272 1,020 3,411
’22 1,056 1,067 975 1,131 4,229
’21 231 1,471 1,629 2,405 5,736
’20 (118) 704 402 469 1,457
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −1.3% a year for ten years. It grew −12.2% a year over the last ten.

Implied
−1.3%
10 years, reported
−12.2%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 29,183 34,484 39,004 34,727 27,753 46,173 50,451 33,336 33,394 30,153 31,964 +0.4% 33,292 32,404 32,789 +2.8%
Gross margin, % 20.53 18.63 16.60 15.62 12.23 19.01 13.09 14.70 13.91 8.55 14.30 (12.0) pt
EBT 5,233 5,493 5,311 4,052 1,386 6,786 4,776 2,299 1,701 (715) 1,766 n/m
EBT margin, % 17.93 15.93 13.62 11.67 4.99 14.70 9.47 6.90 5.09 (2.37) 5.52 (20.3) pt
Net income 3,837 4,877 4,690 3,397 1,427 5,617 3,889 2,121 1,367 (738) 1,302 n/m
Per share, $
Per share, $ Revenue 69.65 86.64 100.27 98.38 83.09 138.24 154.28 102.57 102.75 93.64 98.96 +3.3%
Earnings 9.13 12.23 12.01 9.58 4.24 16.75 11.81 6.46 4.15 (2.34) 3.96 n/m
Cash flow 13.38 13.08 14.06 14.05 10.19 23.04 18.71 15.21 11.75 7.02 11.47 (6.9%)
Capex (5.35) (3.89) (5.41) (7.63) (5.83) (5.87) (5.78) (4.71) (5.45) (5.43) (3.59) +0.1%
Free cash flow 8.03 9.19 8.65 6.42 4.36 17.17 12.93 10.50 6.30 1.60 7.88 (16.4%)
Book value 14.49 22.49 26.43 22.84 23.92 35.54 38.62 39.83 38.38 31.34 34.86 +8.9%
Shares, m 419 398 389 353 334 334 327 325 325 322 323 (2.9%)
Valuation, ×
Valuation, × P/E 9.55 9.16 6.95 9.87 21.62 5.51 7.12 14.93 17.94 0.00 15.60 10.3
P/S 1.25 1.30 0.83 0.96 1.10 0.67 0.54 0.94 0.72 0.46 0.62 0.9
P/B 5.99 4.99 3.15 4.14 3.83 2.59 2.17 2.42 1.94 1.38 1.77 3.3
EV/Sales 1.49 1.46 1.04 1.28 1.59 0.89 0.73 1.18 0.96 0.78 0.91 1.1
EV/FCF 12.89 13.79 12.02 19.55 30.27 7.14 8.66 11.50 15.58 45.50 11.42 17.7
Cash, $m
Cash, $m Operating cash flow 5,606 5,206 5,471 4,961 3,404 7,695 6,119 4,942 3,819 2,262 3,706 (9.6%)
Capex (2,243) (1,547) (2,105) (2,694) (1,947) (1,959) (1,890) (1,531) (1,771) (1,747) (1,161) (2.7%)
Free cash flow 3,363 3,659 3,366 2,267 1,457 5,736 4,229 3,411 2,048 515 2,545 (18.8%)
Balance, $m
Balance, $m Working capital 5,059 6,961 5,053 4,312 6,132 4,987 5,085 6,002 5,561 4,739 5,278 (0.7%)
Net debt 6,956 5,784 8,094 10,978 13,490 10,128 9,165 7,827 7,761 9,489 9,096 +3.5%
Shareholders’ equity 6,073 8,950 10,280 8,063 7,988 11,872 12,629 12,944 12,474 10,093 11,260 +5.8%
Returns, %
Returns, % ROA 16.61 19.65 17.21 11.55 4.31 15.55 10.62 5.76 3.74 (2.14) 3.78 (18.7) pt
ROIC 24.27 23.16 17.79 13.51 4.54 19.24 14.63 8.20 5.92 (1.34) 8.48 (25.6) pt
ROE 60.66 64.95 48.76 36.96 17.69 56.50 31.69 16.53 10.70 (6.60) 11.84 (67.3) pt
People
People Employees 13,000 13,400 19,450 19,100 19,200 19,100 19,300 20,000 20,000 18,970 — +4.3%
Revenue/emp, $m 2.24 2.57 2.01 1.82 1.45 2.42 2.61 1.67 1.67 1.59 — (3.8%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

LyondellBasell is a global chemical company that turns hydrocarbon raw materials into plastics and chemicals. Founded in 1985, it is headquartered in Houston and led by Chief Executive Officer Peter Vanacker. It was incorporated under Dutch law in 2009.

Its large processing plants make materials used by other manufacturers rather than finished consumer goods. Customers use them in food packaging, furnishings, automotive components, paints and coatings. The company produces polyethylene and polypropylene, two widely used plastics, as well as the chemical building blocks used to make them. It also makes chemicals used in products ranging from insulation and cushioning to adhesives and gasoline components.

Where the money comes from and where it goes Fiscal 2024

Fiscal 2024: revenue by products and services, and margins
Polyethylene 7,583 22.71%
Polypropylene 6,287 18.83%
Oxyfuels and related products 5,074 15.19%
Olefins and co-products 5,061 15.16%
Compounding and solutions 3,616 10.83%
Intermediate chemicals 2,693 8.06%
Propylene oxide and derivatives 2,357 7.06%
Other 723 2.17%
Gross margin 13.91%
Operating margin 5.74%
Pre-tax margin 5.09%

Revenue by segment since 2011

LyondellBasell Industries N.V. vs peers in Specialty Chemicals (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PPG PPG Industries, Inc. $27.2B 17.6× 16.2× +6.64% (above 0%: growing) +1.00% (above 0%: growing) −23.61% (below 0%: shrinking) 40.52% 14.89% Compare
IFF International Flavors & Fragrances Inc. $21.6B 121× 60.3× +3.91% (above 0%: growing) n/m −123.33% (below 0%: shrinking) 42.48% 8.24% Compare
LYB LyondellBasell Industries N.V. $19.9B 15.6× 9.2× +9.99% (above 0%: growing) n/m +144.89% (above 0%: growing) 17.60% 12.55%
DD DuPont de Nemours, Inc. $19.2B 64.2× 26.3× +4.07% (above 0%: growing) n/m +36.69% (above 0%: growing) 35.71% 16.81% Compare
RPM RPM International Inc. $13.5B 19.5× 17.3× +4.82% (above 0%: growing) +13.48% (above 0%: growing) +33.14% (above 0%: growing) 41.25% 15.99% Compare
ALB Albemarle Corporation $11.6B 22.6× 9.9× +18.75% (above 0%: growing) n/m +708.43% (above 0%: growing) 19.36% 9.54% Compare
SSL Sasol Ltd. $9.6B 3.3× 5.5× −5.20% (below 0%: shrinking) +20.86% (above 0%: growing) +6,912.65% (above 0%: growing) 31.35% 0.00% Compare
SOLS Solstice Advanced Materials Inc. $8.8B 26.5× 20.5× +7.95% (above 0%: growing) −11.11% (below 0%: shrinking) +276.34% (above 0%: growing) 32.98% 15.68% Compare
WLK Westlake Corporation $8.5B — (loss-making) 36.7× +5.04% (above 0%: growing) n/m +485.96% (above 0%: growing) 12.81% 1.44% Compare
Median of peers $12.5B 22.6× 18.9× +4.93% +7.24% +156.52% 34.35% 12.22%

All 61 Specialty Chemicals stocks →

From the latest earnings call

Updated

  • Aaron Ledet said oxyfuels margins declined during October as gasoline cracks and premiums fell and butane costs rose, while seasonal demand affected volumes.
  • Peter Vanacker said LyondellBasell is assuming its next MoReTec project would be in Europe, subject to a successful startup and learning from the first plant.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Citi Sep 30, 2026 Downgrade Buy → Hold —

LyondellBasell Industries N.V. (LYB) Latest News

1 Nov

Impact 3 · · Simply Wall St.

30 Oct

Impact 3 · · MarketBeat transcript
Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 · · Zacks
Impact 3 · · GlobeNewswire

24 Oct

Impact 4 · · 24/7 Wall St.

23 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Zacks

15 Oct

Impact 3 · · Barchart

5 Oct

Impact 3 · · GlobeNewswire

2 Oct

Impact 4 · · 24/7 Wall St.

30 Sep

Impact 3 ·

25 Aug

Impact 4 ·

24 Aug

Impact 3 · · qz.com

23 Aug

Impact 4 · · TheStreet

3 Aug

Impact 4 ·
Impact 3 · · The Motley Fool transcript

2 Aug

Impact 3 ·

1 Aug

Impact 3 ·

31 Jul

Impact 4 · transcript
Impact 3 · · Moby transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 ·
Impact 3 ·

15 Jul

Impact 3 ·

8 Jul

Impact 3 ·

26 Jun

Impact 3 ·

24 Jun

Impact 3 · · Insider Monkey

LYB metrics, ten years each

stockrow.com/LYB · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com