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LYBLyondellBasell

Materials · Chemicals · NYSE
LYB quote by TradingView
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FY2025 at a glance

Sales down 9.7%, free cash flow down to $384.0M

XBRL, from each 10-K
RevenueStatements ↓
$30.2B
from $33.4B in FY2024
FY2016FY2025
Net incomeStatements ↓
-$738.0M
from $1.4B in FY2024
FY2016FY2025
Free cash flowStatements ↓
$384.0M
from $2.0B in FY2024
FY2016FY2025
EPS (diluted)Statements ↓
$-2.34
from $4.15 in FY2024
FY2016FY2025
Operating marginStatements ↓
-1.4%
from 5.7% in FY2024
FY2016FY2025
Total debtStatements ↓
$12.9B
from $11.1B in FY2024
FY2016FY2025
Price and key numbers

The latest figures

All key numbers (36, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)3.97Sales (ttm)32.0BNet income (ttm)1.3BSales growth-9.7%EPS growth-156%Sales Q/Q+10.0%
Free cash flow2.4BGross margin14.3%Oper. margin8.6%Net margin4.1%FCF margin7.6%ROE11.6%
ROA3.7%R&D / sales0.5%Dividend5.45Debt/Eq1.10Curr. ratio1.78Cash3.2B
Op. cash flow (ttm)3.7BEBITDA970.0MEBITDA margin3.2%Net debt9.1BQuick ratio1.26Interest cover-0.86
Stock pay / sales0.3%Shares out.323.2MBook / share34.81Cash / share9.98Sales / share98.89Asset turnover0.92
Inventory turns7.81Days sales out.41Sales 3Y CAGR-15.8%Sales 5Y CAGR+1.7%Employees18,970Sales / employee1.7M

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024
  • Free cash flow fell 81%$2.0B → $384.0M · Cash from operations − capital expenditure · 10-K ↗
  • Revenue growth slowed to -9.7%+0.2% → -9.7% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
  • Operating margin narrowed to -1.4%5.7% → -1.4% · Operating income / revenue · 10-K ↗
  • Net income turned to a loss$1.4B → −$738.0M · Net income attributable to the company · 10-K ↗
What management wrote about it → · Every company →

LYB against Materials peers

Ten years, side by side → · All 24 →
GrowthProfitBalanceCleanInsiders
LYBPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 24 companies, the better end on the right. Hover a dot for the company.

Sales growth
-9.7%24th of 24 · median +4.4%
Net margin
4.1%17th of 24 · median 9.0%
Return on equity
11.6%15th of 24 · median 13.7%
Free cash flow margin
7.6%11th of 24 · median 6.9%
Debt / equity (less is better)
1.1018th of 24 · median 0.76
LYB and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
LYB LyondellBasell$32.0B -9.7%14.3%4.1%11.6%7.6%1.10
NUE Nucor$38.8B +5.7%17.3%9.3%15.8%6.8%0.31
LIN Linde plc$36.2B +3.0%-19.3%17.8%14.0%0.67
SW Smurfit Westrock$31.5B +47.7%17.4%1.5%2.6%2.7%0.78
NEM Newmont$26.6B +21.3%-34.7%25.9%37.9%0.14
FCX Freeport-McMoRan$26.4B +1.8%-13.0%16.4%6.5%0.45
Where each dollar goes

From $46.2B of sales to $5.6B of profit

FY2021, from the 10-K income statement
Revenue to Gross profit: $8.8BRevenue to Cost of revenue: $37.4BGross profit to Operating profit: $6.8BGross profit to Operating expenses: $2.0BOperating profit to Net profit: $5.6BOperating profit to Tax: $1.2BOperating expenses to R&D: $124.0MOperating expenses to Sales, admin & other: $1.9B Revenue: $46.2B Revenue$46.2B +66% Y/Y Gross profit: $8.8B · 19% margin Gross profit$8.8B19% margin Cost of revenue: $37.4B · 81% of revenue Cost of revenue$37.4B81% of revenue Operating profit: $6.8B · 15% margin Operating profit$6.8B15% margin +334% Y/Y Operating expenses: $2.0B · 4% of revenue Operating expenses$2.0B4% of revenue Net profit: $5.6B · 12% margin Net profit$5.6B12% margin +294% Y/Y Tax: $1.2B · 3% of revenue Tax$1.2B3% of revenue R&D: $124.0M · 0% of revenue R&D$124.0M0% of revenue Sales, admin & other: $1.9B · 4% of revenue Sales, admin & other$1.9B4% of revenue

Swipe sideways for the whole flow →

From $50.5B of sales to $3.9B of profit

FY2022, from the 10-K income statement
Revenue to Gross profit: $6.6BRevenue to Cost of revenue: $43.8BGross profit to Operating profit: $5.1BGross profit to Operating expenses: $1.5BOperating profit to Net profit: $3.9BOperating profit to Tax & other: $1.2BOperating expenses to R&D: $124.0MOperating expenses to Sales, admin & other: $1.4B Revenue: $50.5B Revenue$50.5B +9% Y/Y Gross profit: $6.6B · 13% margin Gross profit$6.6B13% margin Cost of revenue: $43.8B · 87% of revenue Cost of revenue$43.8B87% of revenue Operating profit: $5.1B · 10% margin Operating profit$5.1B10% margin −25% Y/Y Operating expenses: $1.5B · 3% of revenue Operating expenses$1.5B3% of revenue Net profit: $3.9B · 8% margin Net profit$3.9B8% margin −31% Y/Y Tax & other: $1.2B · 2% of revenue Tax & other$1.2B2% of revenue R&D: $124.0M · 0% of revenue R&D$124.0M0% of revenue Sales, admin & other: $1.4B · 3% of revenue Sales, admin & other$1.4B3% of revenue

Swipe sideways for the whole flow →

From $33.3B of sales to $2.1B of profit

FY2023, from the 10-K income statement
Revenue to Gross profit: $4.9BRevenue to Cost of revenue: $28.4BGross profit to Operating profit: $2.7BGross profit to Operating expenses: $2.2BOperating profit to Net profit: $2.1BOperating profit to Tax & other: $604.0MOperating expenses to R&D: $130.0MOperating expenses to Sales, admin & other: $2.0B Revenue: $33.3B Revenue$33.3B −34% Y/Y Gross profit: $4.9B · 15% margin Gross profit$4.9B15% margin Cost of revenue: $28.4B · 85% of revenue Cost of revenue$28.4B85% of revenue Operating profit: $2.7B · 8% margin Operating profit$2.7B8% margin −47% Y/Y Operating expenses: $2.2B · 7% of revenue Operating expenses$2.2B7% of revenue Net profit: $2.1B · 6% margin Net profit$2.1B6% margin −45% Y/Y Tax & other: $604.0M · 2% of revenue Tax & other$604.0M2% of revenue R&D: $130.0M · 0% of revenue R&D$130.0M0% of revenue Sales, admin & other: $2.0B · 6% of revenue Sales, admin & other$2.0B6% of revenue

Swipe sideways for the whole flow →

From $33.4B of sales to $1.4B of profit

FY2024, from the 10-K income statement
Revenue to Gross profit: $4.6BRevenue to Cost of revenue: $28.8BGross profit to Operating profit: $1.9BGross profit to Operating expenses: $2.7BOperating profit to Net profit: $1.4BOperating profit to Tax & other: $551.0MOperating expenses to R&D: $135.0MOperating expenses to Sales, admin & other: $2.6B Revenue: $33.4B Revenue$33.4B +0% Y/Y Gross profit: $4.6B · 14% margin Gross profit$4.6B14% margin Cost of revenue: $28.8B · 86% of revenue Cost of revenue$28.8B86% of revenue Operating profit: $1.9B · 6% margin Operating profit$1.9B6% margin −30% Y/Y Operating expenses: $2.7B · 8% of revenue Operating expenses$2.7B8% of revenue Net profit: $1.4B · 4% margin Net profit$1.4B4% margin −36% Y/Y Tax & other: $551.0M · 2% of revenue Tax & other$551.0M2% of revenue R&D: $135.0M · 0% of revenue R&D$135.0M0% of revenue Sales, admin & other: $2.6B · 8% of revenue Sales, admin & other$2.6B8% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2021
FY2022
FY2023
FY2024
  • Cost of revenue
  • R&D
  • Sales, admin & other
  • Tax & other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

0 of 3
  • !
    Net margin below the peer median4.1% vs 9.0%
  • !
    Return on equity below 15%11.6%
  • !
    A profit in 9 of 10 years
Net margin, FY2016 to FY2025: 13.1% → -2.4%

Balance sheet

2 of 4
  • !
    Interest covered less than 5 timesOperating income is -0.9× interest expense
  • !
    Debt larger than equityDebt / equity 1.10 on the latest balance sheet (peer median 0.76)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.78
  • ✓
    Net debt under 3 years of free cash flow$7.1B net debt, 2.9 years
Debt / equity at each year end, FY2016 to FY2025: 1.48 → 1.28
What the debt is made of ↓

Cash and shareholders

2 of 2
  • ✓
    Free cash flow positive in every one of 10 years$384.0M last year
  • ✓
    Dividend per share up over 5 years$4.20 → $5.45
Free cash flow, FY2016 to FY2025: 3.4B → 384.0M

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Debt

$13.2B of principal due, schedule of Dec 31, 2025

Repayment schedule →

From the balance sheet in the latest 10-K or 10-Q (XBRL). When each part falls due, year by year, and the debt note's own lines are on the Debt tab.

Revenue and net income, FY2016 to FY2025

Revenue 30.2B Net income -738.0M
FY2016 revenue 29.2B · Revenues, 0001489393-19-000011 FY2016 net income 3.8B · NetIncomeLoss, 0001489393-19-000011 29.2B FY2016 FY2017 revenue 34.5B · Revenues, 0001489393-20-000009 FY2017 net income 4.9B · NetIncomeLoss, 0001489393-20-000009 34.5B FY2017 FY2018 revenue 39.0B · Revenues, 0001489393-21-000007 FY2018 net income 4.7B · NetIncomeLoss, 0001489393-20-000009 39.0B FY2018 FY2019 revenue 34.7B · Revenues, 0001489393-22-000009 FY2019 net income 3.4B · NetIncomeLoss, 0001489393-20-000009 34.7B FY2019 FY2020 revenue 27.8B · Revenues, 0001489393-23-000006 FY2020 net income 1.4B · ProfitLoss, 0001489393-23-000006 27.8B FY2020 FY2021 revenue 46.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001489393-24-000012 FY2021 net income 5.6B · ProfitLoss, 0001489393-24-000012 46.2B FY2021 FY2022 revenue 50.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001489393-25-000008 FY2022 net income 3.9B · ProfitLoss, 0001489393-25-000008 50.5B FY2022 FY2023 revenue 33.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001489393-26-000012 FY2023 net income 2.1B · ProfitLoss, 0001489393-26-000012 33.3B FY2023 FY2024 revenue 33.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001489393-26-000012 FY2024 net income 1.4B · ProfitLoss, 0001489393-26-000012 33.4B FY2024 FY2025 revenue 30.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001489393-26-000012 FY2025 net income -738.0M · ProfitLoss, 0001489393-26-000012 30.2B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

LYB's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue30.2B
FY2016: 29.2BFY2017: 34.5BFY2018: 39.0BFY2019: 34.7BFY2020: 27.8BFY2021: 46.2BFY2022: 50.5BFY2023: 33.3BFY2024: 33.4BFY2025: 30.2B FY2017FY2019FY2021FY2023FY2025
Net income-738.0M
FY2016: 3.8BFY2017: 4.9BFY2018: 4.7BFY2019: 3.4BFY2020: 1.4BFY2021: 5.6BFY2022: 3.9BFY2023: 2.1BFY2024: 1.4BFY2025: -738.0M FY2017FY2019FY2021FY2023FY2025
Free cash flow384.0M
FY2016: 3.4BFY2017: 3.7BFY2018: 3.4BFY2019: 2.3BFY2020: 1.5BFY2021: 5.7BFY2022: 4.2BFY2023: 3.4BFY2024: 2.0BFY2025: 384.0M FY2017FY2019FY2021FY2023FY2025
EPS (diluted)-2.34
FY2016: 9.13FY2017: 12.23FY2018: 12.01FY2019: 9.58FY2020: 4.24FY2021: 16.75FY2022: 11.81FY2023: 6.46FY2024: 4.15FY2025: -2.34 FY2017FY2019FY2021FY2023FY2025
Dividend per share5.45
FY2016: 3.33FY2017: 3.55FY2018: 4.00FY2019: 4.15FY2020: 4.20FY2021: 4.44FY2022: 4.70FY2023: 4.94FY2024: 5.27FY2025: 5.45 FY2017FY2019FY2021FY2023FY2025

The segments changed

10-K filed 2026-02-20

Compared with the 10-K of Feb 27, 2025: new segment O&P– America; no longer reported: O&P - Americas, Refining.

When a company changes its segments, the years before are usually recast, so growth by segment is not comparable with what earlier 10-Ks showed. Found by comparing the segments with revenue in the last two 10-Ks (XBRL) and by the 10-K's own words, without AI.

Revenue by business segment

year to Dec 31, 2025
RevenueSharevs year before
O&P - EAI 9.6B31.9% -5.7%
I&D 9.0B29.7% -12.4%
O&P– America 7.7B25.4% -12.8%
APS 3.5B11.5% -4.4%
Technology 463.0M1.5% -20.2%
Other 00.0% -

10-K 0001489393-26-000012, segment and revenue notes (XBRL).

Revenue by product or service

year to Dec 31, 2025
RevenueSharevs year before
Polyethylene 7.2B23.9% -5.0%
Polypropylene 5.8B19.4% -7.0%
Oxyfuels and related products 4.8B16.0% -4.8%
Olefins and co-products 4.2B13.9% -17.3%
Compounding and solutions 3.5B11.5% -4.4%
Propylene oxide and derivatives 2.1B7.1% -8.8%
Intermediate chemicals 1.9B6.3% -30.0%
Other 596.0M2.0% -17.6%

10-K 0001489393-26-000012, segment and revenue notes (XBRL).

Revenue by region

year to Dec 31, 2025
RevenueSharevs year before
United States 11.1B36.7% -12.1%
Other 8.3B27.5% -6.0%
Germany 2.2B7.3% -8.6%
China 1.8B5.9% -25.0%
Mexico 1.6B5.2% -9.9%
Italy 1.3B4.4% -6.8%
Japan 1.3B4.2% -5.8%
France 1.2B3.9% +8.6%
Poland 790.0M2.6% -14.4%
The Netherlands 731.0M2.4% +1.0%

10-K 0001489393-26-000012, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue29.2B34.5B39.0B34.7B27.8B46.2B50.5B33.3B33.4B30.2B
Cost of revenue23.2B28.1B32.5B29.3B24.4B37.4B43.8B28.4B28.8B27.6B
R&D99.0M106.0M115.0M111.0M113.0M124.0M124.0M130.0M135.0M136.0M
SG&A833.0M859.0M1.1B1.2B1.1B1.3B1.3B1.5B1.6B1.6B
Operating income5.1B5.5B5.2B4.1B1.6B6.8B5.1B2.7B1.9B-420.0M
Interest expense322.0M491.0M360.0M347.0M526.0M519.0M287.0M477.0M481.0M487.0M
Pretax income5.2B5.5B5.3B4.1B1.4B6.8B4.8B2.3B1.7B-715.0M
Income tax1.4B598.0M613.0M648.0M-43.0M1.2B882.0M433.0M259.0M70.0M
Net income3.8B4.9B4.7B3.4B1.4B5.6B3.9B2.1B1.4B-738.0M
EPS (diluted)9.1312.2312.019.584.2416.7511.816.464.15-2.34
Depreciation & amortization1.1B1.2B1.2B1.3B1.4B1.4B1.3B1.5B1.5B1.4B
EBITDA6.1B6.6B6.5B5.4B2.9B8.2B6.4B4.3B3.4B970.0M
Operating margin17.3%15.8%13.4%11.9%5.6%14.7%10.1%8.2%5.7%-1.4%
Net margin13.1%14.1%12.0%9.8%5.1%12.2%7.7%6.4%4.1%-2.4%
Revenue growth-+18.2%+13.1%-11.0%-20.1%+66.4%+9.3%-33.9%+0.2%-9.7%
EPS growth-+34.0%-1.8%-20.2%-55.7%+295%-29.5%-45.3%-35.8%-156%

Balance sheet

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash875.0M1.5B332.0M858.0M1.8B1.5B2.2B3.4B3.4B3.4B
Short-term investments1.1B1.3B892.0M196.0M702.0M9.0M02.4B2.6B2.0B
Receivables2.7B3.4B3.4B3.0B3.3B4.6B3.4B---
Inventory3.8B4.2B4.5B4.6B4.3B4.9B4.8B4.8B4.7B3.5B
Current assets9.6B11.7B10.6B9.5B11.6B12.2B11.8B13.2B12.3B10.9B
Property & equipment10.1B11.0B12.5B14.1B14.4B14.6B15.4B15.5B15.1B15.8B
Goodwill528.0M570.0M1.8B1.9B2.0B1.9B1.8B1.6B1.6B708.0M
Total assets23.4B26.2B28.3B30.4B35.4B36.7B36.4B37.0B35.7B34.0B
Current liabilities4.5B4.8B5.5B5.2B5.5B7.2B6.8B7.2B6.7B6.1B
Total debt9.0B8.6B9.4B12.1B16.0B11.6B11.3B11.2B11.1B12.9B
Shareholders' equity6.0B8.9B10.3B8.0B8.0B11.9B12.6B12.9B12.5B10.1B
Retained earnings12.3B15.7B6.8B4.4B4.4B8.6B9.2B9.7B9.3B6.8B

Cash flow

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow5.6B5.2B5.5B5.0B3.4B7.7B6.1B4.9B3.8B2.3B
Capital spending2.2B1.5B2.1B2.7B1.9B2.0B1.9B1.5B1.8B1.9B
Free cash flow3.4B3.7B3.4B2.3B1.5B5.7B4.2B3.4B2.0B384.0M
Stock-based pay (added back)38.0M55.0M39.0M48.0M55.0M66.0M70.0M91.0M91.0M91.0M
Dividends paid1.4B1.4B1.6B1.5B1.4B1.5B3.2B1.6B1.7B1.8B
Buybacks2.9B866.0M1.9B3.8B4.0M463.0M420.0M211.0M195.0M201.0M
Acquisitions001.8B00-----
Debt raised812.0M990.0M05.0B6.4B00500.0M744.0M2.0B
Debt repaid01.0B394.0M3.0B2.9B3.9B0425.0M776.0M492.0M
Investing cash flow-2.3B-1.8B-3.6B-1.6B-4.9B-1.5B-2.0B-1.8B-1.9B-1.8B
Financing cash flow-3.3B-2.9B-3.0B-2.8B2.3B-6.4B-3.4B-1.9B-1.9B-507.0M
Dividend per share3.333.554.004.154.204.444.704.945.275.45

Stock-based pay and leases

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)38.0M55.0M39.0M48.0M55.0M66.0M70.0M91.0M91.0M91.0M
Stock-based pay / revenue0.1%0.2%0.1%0.1%0.2%0.1%0.1%0.3%0.3%0.3%
Operating lease cost---366.0M393.0M418.0M536.0M368.0M395.0M440.0M
Operating lease cash paid---363.0M383.0M406.0M423.0M447.0M454.0M458.0M
Right-of-use assets---1.5B1.5B1.9B1.7B1.5B1.5B1.5B
Operating lease liabilities---1.5B1.5B2.0B1.9B1.8B1.8B1.7B

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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