LyondellBasell Industries N.V. stock research
FY2025 Q4
LyondellBasell Industries N.V. (LYB) Gross Margin — Quarter Ended Dec 31, 2025
Revenue was lower than the prior quarter and the same quarter last year, while cost of revenue was stable compared to the prior quarter and lower than a year ago. As a result, gross profit was lower and gross margin weakened.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue was lower than the prior quarter and the same quarter last year, while cost of revenue was stable compared to the prior quarter and lower than a year ago. As a result, gross profit was lower and gross margin weakened.
- The primary driver of the margin change was the decline in revenue without a proportional decrease in cost of revenue, which compressed gross profit.
- Compared to the prior quarter, revenue decreased and cost of revenue was stable, leading to a lower gross profit and a weakened gross margin. Versus the same quarter last year, revenue was lower, cost of revenue was lower, but gross profit decreased more, resulting in a weaker gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
4.7%
Gross profit
$335.0M
Revenue
$7.1B
Cost of revenue
$6.8B
Quarter-over-quarter change
-7.0 pts
Year-over-year change
-5.6 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 |
|---|---|---|---|---|
| Mar 31, 2025 | $7.7B | $549.0M | $7.1B | 7.2% |
| Jun 30, 2025 | $7.7B | $787.0M | $6.9B | 10.3% |
| Sep 30, 2025 | $7.7B | $906.0M | $6.8B | 11.7% |
| Dec 31, 2025 | $7.1B | $335.0M | $6.8B | 4.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
-7.0 pts
Year-over-year change
Dec 31, 2024
-5.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary driver of the margin change was the decline in revenue without a proportional decrease in cost of revenue, which compressed gross profit.
Compared to the prior quarter, revenue decreased and cost of revenue was stable, leading to a lower gross profit and a weakened gross margin. Versus the same quarter last year, revenue was lower, cost of revenue was lower, but gross profit decreased more, resulting in a weaker gross margin.
The company's filing discusses the continuation of the current downturn as a factor that could affect its financial results, which may be relevant to monitor for margin trends.