LyondellBasell Industries N.V. stock research
FY2025 Q1
LyondellBasell Industries N.V. (LYB) Gross Margin — Quarter Ended Mar 31, 2025
Revenue decreased relative to both the prior quarter and the same quarter last year, while cost of revenue declined less sharply, resulting in lower gross profit and a weakened gross margin. The gross margin declined from both comparison periods, indicating a compression in profitability from sales.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue decreased relative to both the prior quarter and the same quarter last year, while cost of revenue declined less sharply, resulting in lower gross profit and a weakened gross margin. The gross margin declined from both comparison periods, indicating a compression in profitability from sales.
- The primary observable driver was the relative movement of cost of revenue; it increased from the prior quarter despite lower revenue, and from the year-ago quarter it decreased at a slower pace than revenue.
- Compared to the immediately preceding quarter, gross margin weakened as revenue decreased while cost of revenue increased. Compared to the same quarter one year earlier, both revenue and gross profit were lower, with gross margin also declining.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
7.2%
Gross profit
$549.0M
Revenue
$7.7B
Cost of revenue
$7.1B
Quarter-over-quarter change
-3.2 pts
Year-over-year change
-6.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2024 | $8.7B | $1.4B | $7.2B | 16.5% |
| Sep 30, 2024 | $8.6B | $1.3B | $7.3B | 15.1% |
| Dec 31, 2024 | $7.8B | $805.0M | $7.0B | 10.3% |
| Mar 31, 2025 | $7.7B | $549.0M | $7.1B | 7.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
-3.2 pts
Year-over-year change
Mar 31, 2024
-6.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary observable driver was the relative movement of cost of revenue; it increased from the prior quarter despite lower revenue, and from the year-ago quarter it decreased at a slower pace than revenue.
Compared to the immediately preceding quarter, gross margin weakened as revenue decreased while cost of revenue increased. Compared to the same quarter one year earlier, both revenue and gross profit were lower, with gross margin also declining.
Monitor the trend in cost of revenue relative to revenue, as its slower decline is pressuring gross margin.