Tronox Holdings vs Valhi
Tronox Holdings is the larger business, with $2.90bn of revenue in fiscal 2025 against $2.08bn for Valhi (1.4 times as much). Valhi grew faster (-1.3% against -5.7%). Valhi kept more of each dollar of sales as profit: a net margin of -2.8% against -16.2%.
| Latest fiscal year | Tronox HoldingsTROX, 2025 | ValhiVHI, 2025 |
|---|---|---|
| Revenue | $2.90bn | $2.08bn |
| Revenue growth | -5.7% | -1.3% |
| Net income | −$470m | −$57.6m |
| Operating margin | — | 3.0% |
| Net margin | -16.2% | -2.8% |
| Return on equity | -29.6% | -5.6% |
| Free cash flow | −$281m | −$82.1m |
| Cash | $199m | $214m |
| Total debt | $3.25bn | $592m |
| Debt to equity | — | 57.8% |
| Dividend per share | $0.35 | $0.32 |
| Dividend yield | 8.0% | 2.1% |
| Share buybacks | — | — |
| Employees | 5,700 | — |
| Market value | $545m | $434m |
| Price vs our value range | — | — |
| Moat score | 29 (Weak) | 32 (Weak) |
| Insider trades, 12 months | 0 buys, 7 sales | 0 buys, 0 sales |