Executive Summary
LyondellBasell’s QQ3 2025 quarter reflects meaningful top-line headwinds and significant margin compression, contrasted by robust per-share cash generation and an attractive dividend yield. Reported revenue was $6.821 billion, down QoQ from $7.658 billion in QQ2 2025, while gross profit was recorded as -$6.821 billion and operating income -$731 million. Net income was $573 million with an EPS of $1.75, suggesting non-operating items or tax effects contributing to the bottom line in the quarter. YoY comparisons show substantial deterioration in gross profit (-649.19% YoY) and operating income (-191.15% YoY), while the net income and EPS changes reflect a mixed mix of core performance and offsetting items (net income YoY -100%, EPS YoY -1.13%, QoQ +414.71%).
Key Performance Indicators
QoQ: -321.52% | YoY:-191.15%
QoQ: -100.00% | YoY:-100.00%
QoQ: 414.71% | YoY:-1.13%
Key Insights
Revenue: $6.821B in QQ3 2025; QoQ change ~-11% (vs Q2 2025 $7.658B). Gross Profit: -$6.821B; Gross Profit Margin: not meaningful as reported (gross profit equals cost of revenue, implying a gross margin of -100% in the quarter). YoY Gross Profit: -649.19%; QoQ Gross Profit: -952.63%. Operating Income: -$731M; YoY: -191.15%; QoQ: -321.52%. Net Income: $573M; YoY: -100%; QoQ: -100%. EPS: $1.75; YoY: -1.13%; QoQ: +414.71%. Cash Flow: Operating Cash Flow per Share $3.02; Free Cash Flow per Share $6....
Financial Highlights
Revenue: $6.821B in QQ3 2025; QoQ change ~-11% (vs Q2 2025 $7.658B). Gross Profit: -$6.821B; Gross Profit Margin: not meaningful as reported (gross profit equals cost of revenue, implying a gross margin of -100% in the quarter). YoY Gross Profit: -649.19%; QoQ Gross Profit: -952.63%. Operating Income: -$731M; YoY: -191.15%; QoQ: -321.52%. Net Income: $573M; YoY: -100%; QoQ: -100%. EPS: $1.75; YoY: -1.13%; QoQ: +414.71%. Cash Flow: Operating Cash Flow per Share $3.02; Free Cash Flow per Share $6.15; Cash per Share $3.02. Dividend payout ratio: 77.9%; Dividend yield: 2.79%. ROIC: ~10.7%; Debt/Capitalization: ~55.2%; P/E: ~6.98; P/B: not meaningful given inconsistent book values; P/S: not meaningful in the provided data.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Gross Profit |
-6.82B |
-649.19% |
-952.63% |
| Operating Income |
-731.00M |
-191.15% |
-321.52% |
| Net Income |
573.00 |
-100.00% |
-100.00% |
| EPS |
1.75 |
-1.13% |
414.71% |
Key Financial Ratios
operatingCashFlowPerShare
$3015340
freeCashFlowPerShare
$6150310
dividendPayoutRatio
77.9%
Management Commentary
No earnings call transcript was provided in the data. As a result, there are no management quotes available to group by themes (strategy, operations, market conditions) within this report.
Forward Guidance
Formal forward guidance for QQ3 2025 was not included in the provided dataset. Given the observed margin compression and the earnings framework, the near-term outlook hinges on: (1) commodity/ethylene-propylene price trajectories and feedstock costs; (2) demand strength in end-markets such as packaging, construction, and automotive; (3) efficiency gains and cost containment across six segments; (4) capacity dynamics among polyolefins suppliers. Investors should monitor ethylene/propylene margins, global polyethylene pricing realizations, capital allocation plans (buybacks vs. debt reduction vs. capex), and any management commentary on restructuring or efficiency initiatives. Scenario-based guidance: a base case assumes gradual margin normalization as feedstock costs stabilize and volumes recover; a bear case factors continued cyclicality and weaker pricing, while a bull case envisions accelerating demand and disciplined cost controls improving profitability.