greeksoup/ stock research
Stock research / United States / TROX · Industrial Inorganic Chemicals · NYSE

Tronox Holdings plc (TROX)

Compare with another name

Tronox Holdings plc (TROX) reported revenue of $868 million for Q2 FY2026, the quarter ended 30 June 2026, up 18.7% on the same quarter a year earlier. Net income was -$171 million, and diluted earnings per share $-1.07. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$868 millionup 18.7%
Net income-$171 million
Diluted EPS$-1.07
QuarterQ2 FY2026ended 30 June 2026

Tronox Holdings (TROX) in brief

Tronox Holdings (TROX) reported revenue of $2.9 billion for fiscal 2025, the year ended 31 December 2025, down 5.7% on the year before.
Read moreNet loss was $470 million and the diluted loss per share $2.97. Revenue was $3.1 billion in fiscal 2024, $2.9 billion in fiscal 2023, $3.5 billion in fiscal 2022 and $3.6 billion in fiscal 2021. Net income in the same years was a loss of $48 million, a loss of $316 million, $497 million and $286 million. Over the twelve months to 30 June 2026, Tronox Holdings reported revenue of $3.1 billion and net loss of $549 million. Revenue grew 1.0% a year, compounded, over the five years to fiscal 2025. Tronox Holdings declared $0.35 a share in dividends over the last four quarters and had 160 million shares outstanding at the latest filed count. At 30 June 2026 it carried $3.2 billion of debt and $194 million of cash. At the close of 29 October 2026 the market cap of Tronox Holdings was $592 million.

Ratios

From the filings

ROE-47.3%
ROCE-5.0%
Operating margin-7.2%
Net margin-18.0%
FCF margin-5.2%
Interest cover-1.04
Debt to equity2.78
Cash conversionn/a
Share count, last 12 months0.7%
Sales CAGR, 3 years-5.7%
Profit CAGR, 3 yearsn/a
EPS, TTM-$3.46

At the close of 29 October 2026

Price$3.71
Market cap$592 million
Stock P/En/a
Price to book0.51
EV / EBITDA49.71
Dividend yield9.4%
Market cap / sales0.19
52-week high$10.48
52-week low$2.88
Price, 1 year1.9%
Price CAGR, 3 years-29.7%
Price CAGR, 5 years-30.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Tronox Holdings plc's balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
TROXgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on TROX

Dividends$0.35 a share in FY2025
Filings19 in twelve months: 10 current reports (8-K), about 5 results of operations; 3 officer or director change; 3 other events; 1 shareholder vote
Planned insider sales8 Form 144 notices in twelve months, $1.5 million; latest 18 June 2026
Options tapeput/call 0.12 by open interest at the 29 October 2026 close; the straddle prices a 29.1% move to 20 November 2026
13F holders240 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading7 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest18.7 million shares short, 8.79 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue870884965945895649708794662686774820804676738731699730760868
Gross profit24421823226323210513315794.078.012015012811799.079.052.039.044.055.0
Gross margin28%25%24%28%26%16%19%20%14%11%16%18%16%17%13%11%7%5%6%6%
SG&A76.084.078.073.069.069.071.073.062.070.079.074.074.069.074.072.070.074.071.072.0
Operating income16813469.019016336.062.084.032.08.041.076.054.048.0-61.0-35.0-43.0-114-41.0-21.0
Operating margin19%15%7%20%18%6%9%11%5%1%5%9%7%7%-8%-5%-6%-16%-5%-2%
Interest expense37.034.032.028.032.033.033.038.042.045.042.042.042.041.042.045.048.054.053.056.0
Pre-tax income14110434.0152141-19.034.053.0-6.0-32.02.055.01.015.0-106-81.0-92.0-179-104-67.0
Tax rate20%16%53%-147%13%n/a26%608%n/an/a550%82%2600%300%n/an/an/an/an/an/a
Net income11183.016.0375121-15.023.0-269-14.0-56.0-9.016.0-25.0-30.0-111-84.0-99.0-176-103-171
Net margin13%9%2%40%14%-2%3%-34%-2%-8%-1%2%-3%-4%-15%-11%-14%-24%-14%-20%
Diluted EPS$0.70$0.53$0.10$2.37$0.77-$0.08$0.15-$1.72-$0.09-$0.36-$0.06$0.10-$0.16-$0.19-$0.70-$0.53-$0.63-$1.11-$0.65-$1.07
Operating cash flow25613918932.0137240-79.013617.0110-29.016087.082.0-32.028.0-57.0121-68.0105
Capital expenditure65.089.010399.011211493.055.054.059.076.076.010111711083.080.068.067.045.0
Free cash flow19150.086.0-67.025.0126-17281.0-37.051.0-10584.0-14.0-35.0-142-55.0-13753.0-13560.0
Buybacks0.00.025.025.09.0-9.00.00.00.00.0n/an/an/an/an/an/an/an/an/an/a
Dividends paid18.019.01.040.019.027.02.048.019.020.01.040.020.019.00.020.020.08.08.08.0
Shares outstanding154m154m156m154m154m154m157m157m157m157m158m158m158m158m158m159m159m159m160m160m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 15 fiscal years and the trailing twelve months

FY2011 ‡FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,6511,8321,9221,7371,5101,3091,6981,8192,6422,7583,5723,4542,8503,0742,8983,057
Cost of revenue-1,1871,5681,7321,5301,4911,1761,3091,321n/an/an/an/an/an/an/an/a
Gross profit46426419020719.0133389498464621895832462515269190
Gross margin28.1%14.4%9.9%11.9%1.3%10.2%22.9%27.4%17.6%22.5%25.1%24.1%16.2%16.8%9.3%6.2%
Research and development9.09.010.011.011.09.08.011.017.012.013.012.012.014.015.0n/a
Selling, general and administrative-157239187192199185249267347347318289276296290287
Operating income32225.03.00.0-201-53.014120095.0271577458186219-253-219
Operating margin19.5%1.4%0.2%0.0%-13.3%-4.0%8.3%11.0%3.6%9.8%16.2%13.3%6.5%7.1%-8.7%-7.2%
Interest expensen/a53.0122124160185188193201189157125158167189211
Pre-tax income8941,008-61.0-149-349-264-87.043.0-88.011437430849.073.0-458-442
Income tax21.0-12529.026823.0-1256.013.014.0-88171.0-19236312715.0112
Effective tax rate2.3%-12.4%n/an/an/an/an/a30.2%n/a-772.8%19.0%-62.3%740.8%174.0%n/an/a
Net income8731,133-126-427-329-61.0-285-7.0-109969286497-316-48.0-470-549
Net margin52.9%61.8%-6.6%-24.6%-21.8%-4.7%-16.8%-0.4%-4.1%35.1%8.0%14.4%-11.1%-1.6%-16.2%-18.0%
Diluted EPSn/a$11.10-$1.11-$3.74-$2.75-$0.50-$2.39-$0.06-$0.78$6.69$1.81$3.16-$2.02-$0.31-$2.97-$3.46
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed. ‡ Filed in two parts, up to 31 January 2011 and after it, on the old and the new accounting basis; shown added together, with per-share figures left blank.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
TiO22,2482,4072,29879.3%
Product and Service, Other34534532611.2%
Zircon2573222749.5%
TiO2Product and Service, OtherZircon
2,850FY20233,074FY20242,898FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2011 ‡FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-20.011833714121721027217044135574059818430060.0101
Capital expenditure13916616518716586.091.0117198195272428261370341260
Free cash flow-159-48.0172-46.052.012418153.0243160468170-77.0-70.0-281-159
Free cash flow margin-9.6%-2.6%8.9%-2.6%3.4%9.5%10.7%2.9%9.2%5.8%13.1%4.9%-2.7%-2.3%-9.7%-5.2%
Cash from investing-138-52.0-171-187n/an/an/an/an/a-229-269-415-255-343-328-249
Cash from financing173490614-132602-78.024.0-46.0-638214-877-250176-71.0321222
Depreciation and amortisationn/a211333295253177182195280304297269275285302292
Share-based compensationn/a32.018.020.022.024.031.021.032.0-4.03.026.04.021.020.022.0
Buybacksn/a3260.00.0n/an/a0.00.02880.00.050.00.00.0n/an/a
Dividends paidn/a61.011511611746.023.023.027.040.065.087.089.080.048.044.0
Dividend per sharen/an/an/an/an/an/an/a$0.04$0.04$0.07$0.36$0.50$0.50$0.50$0.35n/a
Diluted shares, weightedn/a101m113m114mn/an/an/a123m140m145m158m157m156m158m158m160m
Shares outstanding at period endn/a51mn/an/an/an/an/a123m142m144m154m154m157m158m159m160m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2011 ‡FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity7522,6492,2381,6109981,0098296837481,6981,9942,3571,9361,7611,4181,161
Non-controlling interestn/a23319917811214418617916817348.046.044.030.031.030.0
Short-term borrowingsn/a30.0n/a0.01501500.00.00.00.0n/an/an/an/an/an/a
Debtn/a1,6152,4132,3932,9712,9403,1303,1392,9883,2632,5762,5382,8242,8593,2223,230
Operating lease liabilitiesn/an/an/an/an/an/an/a0.062.041.055.0110103107148156
Other liabilitiesn/a9848498847967217196411,3021,3931,3141,2551,2271,2811,3981,373
Total liabilities and equityn/a5,5115,6995,0655,0274,9644,8644,6425,2686,5685,9876,3066,1346,0386,2175,950
Owned
Fixed assetsn/a1,4231,2581,2271,8431,0921,1151,0041,7621,7591,7101,8301,8351,9272,0071,988
Goodwilln/an/an/an/an/an/an/a0.0n/an/an/an/an/an/an/an/a
Intangible assetsn/a326300272244223198176208201217250243244214203
Cash and equivalents1547131,4751,2762292481,1161,034302619228164273151199194
Receivablesn/a391308277391278328317482540631377290266289363
Inventoryn/a9147597706304994734791,1311,1371,0481,2781,4211,5511,6521,458
Other assetsn/a1,7441,5991,2431,6902,6241,6341,6321,3832,3122,1532,4072,0721,8991,8561,744
Total assetsn/a5,5115,6995,0655,0274,9644,8644,6425,2686,5685,9876,3066,1346,0386,2175,950
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded6.7%1.0%-5.7%3.7%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-1.6%-3.4%-17.4%-33.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Tronox Holdings' revenue in fiscal 2025?

Tronox Holdings (TROX) reported revenue of $2.9 billion for fiscal 2025, the year ended 31 December 2025, down 5.7% on the year before.

How much did Tronox Holdings earn in fiscal 2025?

Net loss was $470 million for fiscal 2025, and the diluted loss per share $2.97.

What is Tronox Holdings' market cap?

The market cap of Tronox Holdings was $592 million at the close of 29 October 2026.

Does Tronox Holdings pay a dividend?

Yes. Tronox Holdings declared $0.35 a share in dividends over the four quarters to 30 June 2026.

How much debt does Tronox Holdings have?

At 30 June 2026 Tronox Holdings carried $3.2 billion of debt and $194 million of cash.

Peers: Chemicals

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Linde plc LIN$231.1 billion33.4017.8%25.3%8.2%0.681.3%
Air Products & Chemicals, Inc. APD$69.4 billionn/a-0.3%-4.7%4.5%1.272.3%
Minerals Technologies Inc. MTX$1.9 billionn/a-4.3%-1.3%4.1%0.620.8%
Ecovyst Inc. ECVT$1.1 billionn/a-10.4%9.4%39.8%0.84n/a
Flotek Industries Inc. FTK$932 million26.0129.4%12.8%36.8%0.39n/a
Kronos Worldwide Inc. KRO$856 millionn/a-14.6%-1.7%2.7%0.762.7%
LSB Industries, Inc. LXU$802 million17.968.2%11.2%13.0%0.79n/a
Westlake Chemical Partners LP WLKP$745 millionn/an/a28.8%12.1%n/an/a
PureCycle Technologies, Inc. PCT$669 millionn/a-1,437.3%-1,316.8%326.1%7.93n/a
FMC Corp. FMC$599 millionn/a-168.5%-61.9%-21.3%2.6217.2%
Tronox Holdings plc TROX$592 millionn/a-47.3%-7.2%3.7%2.789.4%
Luxfer Holdings plc LXFR$462 millionn/an/an/an/a0.26n/a
All 47 in Chemicals
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Linde plc LIN$231.1 billion33.4017.8%25.3%8.2%0.681.3%
Air Products & Chemicals, Inc. APD$69.4 billionn/a-0.3%-4.7%4.5%1.272.3%
Nutrien Ltd. NTR *$33.0 billion14.709.0%13.9%3.5%0.423.2%
PPG Industries Inc. PPG$26.5 billion17.1518.5%n/a6.4%0.812.4%
Dow Inc. DOW$24.3 billionn/a-5.5%n/a4.2%1.096.2%
International Flavors & Fragrances Inc. IFF$23.2 billionn/an/a7.6%-11.7%0.411.8%
LyondellBasell Industries N.V. LYB$21.1 billionn/an/an/an/a1.216.3%
DuPont de Nemours, Inc. DD$19.0 billion312.420.4%n/a3.3%0.232.2%
CF Industries Holdings, Inc. CF$17.9 billion8.7436.5%41.1%20.0%0.561.7%
RPM International Inc. RPM$13.0 billion18.9319.8%n/a6.0%0.69n/a
Albemarle Corp. ALB$11.0 billion345.522.2%4.3%18.3%0.181.7%
Solstice Advanced Materials Inc. SOLS$9.9 billionn/a13.2%n/an/a1.46n/a
Element Solutions Inc. ESI$8.6 billion41.657.1%11.7%39.6%0.720.9%
Westlake Corp. WLK$8.4 billionn/a-14.2%-11.0%-4.0%0.583.2%
Eastman Chemical Co. EMN$7.8 billion17.707.3%n/a-4.5%0.864.9%
Newmarket Corp. NEU$7.4 billion16.2923.7%20.2%0.9%0.431.5%
Axalta Coating Systems Ltd. AXTA$7.2 billion21.6712.7%12.4%0.1%1.14n/a
Hexcel Corp. HXL$6.0 billion35.6712.9%12.2%7.6%0.710.9%
Mosaic Co. MOS$5.8 billionn/a-5.6%-1.4%8.8%0.544.8%
Sensient Technologies Corp. SXT$5.6 billion35.5112.5%14.0%8.1%0.611.2%
Balchem Corp. BCPC$5.4 billion32.0612.9%20.7%9.4%0.110.6%
Celanese Corp. CE$5.3 billionn/a-28.2%n/a-2.3%2.880.2%
CSW Industrials, Inc. CSW$4.7 billion37.3711.4%16.9%30.0%0.68n/a
Perimeter Solutions, Inc. PRM$4.7 billionn/a-33.2%-50.6%24.2%1.18n/a
Avient Corp. AVNT$3.9 billion23.187.0%9.5%2.4%0.772.6%
Cabot Corp. CBT$3.8 billion20.7211.8%13.6%-4.7%0.792.5%
Scotts Miracle-Gro Co. SMG$3.6 billion53.78n/a11.8%-2.0%n/a4.3%
WD-40 Co. WDFC$2.9 billion36.0930.2%15.8%11.0%0.321.8%
H.B. Fuller Co. FUL$2.7 billion13.869.1%n/a1.5%0.951.9%
Ingevity Corp. NGVT$2.6 billionn/an/an/an/a25.59n/a
Rogers Corp. ROG$2.5 billion55.493.7%7.9%6.7%0.00n/a
Innospec Inc. IOSP$2.5 billion20.699.0%7.0%2.9%0.001.7%
Chemours Co. CC$2.0 billionn/an/a-1.9%-0.9%n/a2.7%
Minerals Technologies Inc. MTX$1.9 billionn/a-4.3%-1.3%4.1%0.620.8%
Olin Corp. OLN$1.8 billionn/a-11.5%-1.6%0.6%1.77n/a
Huntsman Corp. HUN$1.6 billionn/a-6.7%-0.5%0.6%0.785.7%
CVR Partners, LP UAN$1.3 billion8.30n/a28.1%17.5%n/an/a
REX American Resources Corp. REX$1.3 billion10.6317.9%n/a1.3%0.00n/a
Ecovyst Inc. ECVT$1.1 billionn/a-10.4%9.4%39.8%0.84n/a
Flotek Industries Inc. FTK$932 million26.0129.4%12.8%36.8%0.39n/a
Kronos Worldwide Inc. KRO$856 millionn/a-14.6%-1.7%2.7%0.762.7%
LSB Industries, Inc. LXU$802 million17.968.2%11.2%13.0%0.79n/a
Westlake Chemical Partners LP WLKP$745 millionn/an/a28.8%12.1%n/an/a
PureCycle Technologies, Inc. PCT$669 millionn/a-1,437.3%-1,316.8%326.1%7.93n/a
FMC Corp. FMC$599 millionn/a-168.5%-61.9%-21.3%2.6217.2%
Tronox Holdings plc TROX$592 millionn/a-47.3%-7.2%3.7%2.789.4%
Luxfer Holdings plc LXFR$462 millionn/an/an/an/a0.26n/a
6 companies share its SEC industry code (Industrial Inorganic Chemicals); the rest are the names nearest in size in its wider industry, Chemicals, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202520 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202419 February 2025EDGAR
10-Q30 September 202425 October 2024EDGAR
10-Q30 June 20242 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR