Does LyondellBasell Industries Stock Lead the Pack?
LyondellBasell‘s stock has broadly underperformed its peers over the past year. But how does its current financial profile, as of December 4, 2025, truly measure up within the often-cyclical chemical industry? A closer look reveals a rich valuation alongside negative revenue growth and relatively moderate operating and free cash flow margins. This suggests limited near-term upside, highlighting the need for improved market conditions and stronger operational performance against more robust peers like Air Products and PPG.
- LYB’s 4.3% operating margin is modest, reflecting petrochemical market structural shifts, while APD’s 24.1% reflects industrial gases’ pricing power.
- LYB’s -6.3% revenue decline reflects petrochemical commodity cyclicality and soft durable goods demand, lagging peers in a challenging market.
- LYB’s 39.2% stock drop, underperforming peers, reflects weak macro, operational issues, and commodity pricing; its 60.5 PE signals market uncertainty.
Here’s how LyondellBasell Industries stacks up across size, valuation, and profitability versus key peers.
| LYB | APD | PPG | DOW | EMN | HUN | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 13.9 | 58.3 | 22.7 | 16.3 | 6.9 | 1.7 |
| Revenue ($ Bil) | 35.2 | 12.0 | 15.7 | 40.9 | 9.0 | 5.8 |
| PE Ratio | 60.5 | 41.0 | 23.8 | -14.4 | 10.3 | -4.7 |
| LTM Revenue Growth | -6.3% | -1.1% | 8.5% | -5.3% | -3.4% | -3.5% |
| LTM Operating Margin | 4.3% | 24.1% | 13.8% | 1.2% | 13.2% | -0.4% |
| LTM FCF Margin | 1.3% | -36.0% | 4.6% | -2.7% | 4.4% | 3.4% |
| 12M Market Return | -39.2% | -18.1% | -18.5% | -42.6% | -38.0% | -46.8% |
For more details on LyondellBasell Industries, read Buy or Sell LYB Stock. Below we compare LYB’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| LYB | -6.3% | -2.0% | -18.5% | 9.3% |
| APD | -1.1% | -4.0% | -0.8% | 23.0% |
| PPG | 8.5% | -2.4% | 4.0% | -7.1% |
| DOW | -5.3% | -3.7% | -21.6% | 3.5% |
| EMN | -3.4% | 1.9% | -12.9% | 1.0% |
| HUN | -3.5% | -1.2% | -23.8% | 4.6% |
Operating Margin Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| LYB | 4.3% | 6.9% | 8.7% | 10.2% |
| APD | 24.1% | 24.4% | 21.7% | 19.0% |
| PPG | 13.8% | 14.4% | 12.5% | 10.7% |
| DOW | 1.2% | 4.4% | 4.7% | 10.0% |
| EMN | 13.2% | 14.7% | 11.4% | 11.8% |
| HUN | -0.4% | 1.2% | 1.7% | 9.4% |
PE Ratio Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| LYB | 60.5 | 17.7 | 14.6 | 7.0 |
| APD | 41.0 | 16.9 | 26.5 | 30.3 |
| PPG | 23.8 | 25.0 | 27.8 | 28.9 |
| DOW | -14.4 | 25.3 | 65.7 | 7.9 |
| EMN | 10.3 | 11.8 | 11.9 | 12.7 |
| HUN | -4.7 | -16.4 | 44.1 | 12.0 |
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