LyondellBasell Industries N.V（LYB）の決算・業績分析
LyondellBasell Industries N.Vの2025年有価証券報告書をAI分析。売上高$30.2B(-25.2%)。営業利益-$420M。Materials。
目次
LyondellBasell Industries N.Vの2025年度 業績サマリー
LyondellBasell Industries N.V（証券コード: LYB）の2025年度決算・業績分析。売上高は$30.2B（前年比-25.2%）。営業利益は-$420M（前年比-123.1%）。純利益は-$738M（前年比-154.0%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
LyondellBasell Industries N.Vの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 9.3% YoY to $50.5B (XBRL), but operating income fell 24.7% YoY to $5.1B (XBRL) due to impairments and lower crude prices (10-K).
- Net income declined 30.8% YoY to $3.9B (XBRL), driven by $949M in impairments and higher equity investment losses (10-K).
- Free cash flow remained strong at $4.2B (XBRL), with $3.7B returned to shareholders via dividends and buybacks (XBRL).
- ROE of 30.1% (XBRL) and current ratio of 1.84x (XBRL) suggest robust liquidity and profitability despite margin compression.
LyondellBasell Industries N.Vの売上高変化の要因
- •Total revenue increased 9.3% YoY to $50.5B (XBRL), though the 10-K notes a conflicting 2% decline due to lower average sales prices. No segment-specific revenue data is available (XBRL/10-K). The historical time series shows revenue volatility, peaking at $50.5B in FY2024 after a trough of $27.0B in FY2022 (XBRL).
LyondellBasell Industries N.Vの営業利益変化の要因
- •Operating income fell 24.7% YoY to $5.1B (XBRL), with operating margin declining to 10.1% (XBRL). Net margin dropped to 7.7% (XBRL) from prior years. Cost of sales remained stable (10-K), but impairments ($949M) and lower crude prices (10-K) hurt profitability. SG&A expenses rose 7% YoY to $1.5B (10-K), while R&D expenses increased 3.8% YoY to $124M (XBRL).
LyondellBasell Industries N.Vの事業リスクと対応
Cyclicality and volatility in chemical industry supply-demand balance may cause significant operating result fluctuations (10-K).
Sustained low crude oil prices could harm North American operations (10-K).
Limited raw material/energy suppliers increase vulnerability to cost increases and supply disruptions (10-K).
Water source reliability risks in the U.S. Gulf Coast may impact operations (10-K).
New global capacity additions may lead to oversupply and reduced profitability (10-K).
Competition from natural gas-cost advantaged producers may reduce exports and margins (10-K).
LyondellBasell Industries N.Vの今後の見通し・業績予想
LyondellBasell Industries N.Vの事業内容
LyondellBasell Industries N.V. (LYB) is a global leader in the production of polymers, chemicals, and refining, operating in cyclical markets sensitive to energy prices and demand fluctuations. The company's business model relies on feedstock and energy costs (75-80% of cost of sales) (10-K), with competitive pressures from natural gas-cost advantaged producers (e.g., Middle East, North America) (10-K). Key risks include oversupply from new global capacity additions and vulnerability to raw material/energy supplier concentration (10-K).
LyondellBasell Industries N.VのAI業績分析レポート（2024年度）
LyondellBasell Industries N.V. (LYB) FY2024 Annual Report Analysis
Highlights
Business Overview
LyondellBasell is a global chemical and refining company with operations sensitive to energy prices and cyclical demand. Key risks include oversupply from new capacity, raw material supplier concentration, and water reliability in the U.S. Gulf Coast (10-K). The company competes with natural gas-cost advantaged producers (10-K).
Revenue Analysis
Total revenue increased 9.3% YoY to $50.5B (XBRL), though the 10-K notes a conflicting 2% decline due to lower average sales prices. No segment-specific data is available (XBRL/10-K). Historical trends show revenue volatility, peaking at $50.5B in FY2024 after a trough of $27.0B in FY2022 (XBRL).
Profitability Analysis
Operating income fell 24.7% YoY to $5.1B (XBRL), with operating margin declining to 10.1% (XBRL). Net margin dropped to 7.7% (XBRL) from prior years. Cost of sales remained stable (10-K), but impairments ($949M) and lower crude prices (10-K) hurt profitability. SG&A expenses rose 7% YoY to $1.5B (10-K), while R&D expenses increased 3.8% YoY to $124M (XBRL).
Balance Sheet Analysis
Equity ratio of 35.0% (XBRL) and cash reserves of $3.4B (XBRL) indicate moderate leverage and liquidity. Total assets grew slightly to $37.0B (XBRL) in FY2024, but total equity increased only marginally to $12.9B (XBRL). Debt levels are not disclosed (N/A).
Cash Flow Analysis
Operating cash flow of $6.1B (XBRL) exceeded net income ($3.9B) due to non-cash impairments and depreciation. Free cash flow was $4.2B (XBRL), driven by $1.9B in CapEx (XBRL). $3.2B in dividends and $420M in share repurchases were returned to shareholders (XBRL), with $2.0B in investing outflows (10-K).
Working Capital Analysis
N/A (no data on receivables, inventory, or payables days in XBRL or 10-K).
Risks
Outlook
Management expects continued pressure from soft global demand, rising raw material costs, and economic uncertainty (10-K). No explicit forward-looking guidance is provided (N/A).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 38.1B | 33.9B | 27.0B | 46.2B | 50.5B | 33.3B |
| Operating Income | 5.2B | 4.1B | 1.6B | 6.8B | 5.1B | 2.7B |
| Net Income | 4.7B | 3.4B | 1.4B | 5.6B | 3.9B | 2.1B |
| Total Assets | 30.4B | 35.4B | 36.7B | 36.4B | 37.0B | 35.7B |
| Total Equity | 8.0B | 8.0B | 11.9B | 12.6B | 12.9B | 12.5B |
| Operating Cash Flow | 5.5B | 5.0B | 3.4B | 7.7B | 6.1B | 4.9B |
Materialsの企業一覧
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