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Tronox Holdings PLC

TROX Basic Materials Chemicals

Tronox Holdings PLC’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, down 5.73% from fiscal 2024.

Revenue
+18.7%
EPS
−101.9%
Free cash flow
+241.5%
Total debt
+5.80%

Quarter to June 2026, against a year earlier

3.46 0.14 −3.89%
Market cap
$574.9M
P/E
0.0×
Fwd P/E
−1.8×
Dividend yield
5.56%
F-score
2/9
Altman Z
0.68
Beneish M
−2.42
Dividend safety
0/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.27
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 6 — — — — — — — —
Insider Ownership 25.86%

Capital & Financial Ratios $m

Size
Market Cap 574.92
Revenue ttm 3,057.00
Net income ttm (554.00)
Free cash flow ttm (146.00)
Net debt Q 3,024.00
Valuation
P/E 0.00
Forward P/E (1.79) (negative: loss-making)
Price / sales 0.19
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.48
Financial health
Current ratio Q 2.55 (at or above 1.5: strong)
Debt / equity Q 2.71 (above 2: weak)
Interest coverage Q (0.37)
Growth
Revenue growth Q +18.74% (above 0%: growing)
Operating income growth Q +40.00% (above 0%: growing)
EPS, this year 0.00%
EPS, next year A +67.39% (at or above 15%: strong)
Revenue, next year A +13.08% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +50.60% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.2×, against a ten-year median of 1.6×; over the ten years it ranged from 1.2× in 2025 to 4.8× in 2017.
P/S against its own 10 years 1.18%
10-year low 10-year high
P/B against its own 10 years 6.46%
10-year low 10-year high
EV/Sales against its own 10 years 1.62%
10-year low 10-year high

Dividends

Yield
5.56%
Annual rate
0.20
Payout ratio
—
Growth, 2016–25
−1.05%/yr
  1. 0.39 ’16
  2. 0.18 ’17 −53%
  3. 0.18 ’18 +0%
  4. 0.18 ’19 +0%
  5. 0.28 ’20 +56%
  6. 0.36 ’21 +29%
  7. 0.50 ’22 +39%
  8. 0.50 ’23 +0%
  9. 0.50 ’24 +0%
  10. 0.35 ’25 −30%
  11. 0.20 ’26e −43%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 273 152 211 206
Receivables 300 268 290 364
Inventory 1,421 1,551 1,652 1,458
Other — — — —
2,135 2,155 2,265 2,141
2023 2024 2025 Q'26
Payables 461 499 481 404
ST’ Debt 38 100 90 107
Other — — 50 50
753 874 919 840

Compound Annual Growth %

10y 5y 3y
Sales 6.74% 1.00% (5.68%)
Cash Flow (1.10%) (29.92%) (53.53%)
Earnings 0.00% 0.00% 0.00%
Book Value 2.70% (4.98%) (15.52%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.39 Actual −0.51

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 −0.21 −0.46 Miss by 0.25
Q4 FY25 −0.43 −0.60 Miss by 0.17
Q1 FY26 −0.48 −0.55 Miss by 0.07
Q2 FY26 −0.39 −0.51 Miss by 0.12
Q3 FY26 −0.21 — Reports 4 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.65) (1.07) — — —
’25 (0.70) (0.53) (0.63) (1.11) (2.97)
’24 (0.06) 0.10 (0.16) (0.19) (0.31)
’23 0.15 (1.72) (0.09) (0.36) (2.02)
’22 0.10 2.37 0.77 (0.09) 3.16
’21 0.12 0.46 0.70 0.52 1.81
’20 0.22 (0.03) 6.18 0.31 6.69
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 760 868 — — —
’25 738 731 699 730 2,898
’24 774 820 804 676 3,074
’23 708 794 662 686 2,850
’22 965 945 895 649 3,454
’21 891 927 870 884 3,572
’20 722 578 675 783 2,758
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (68) 105 — — —
’25 (32) 28 (57) 121 60
’24 (29) 160 87 82 300
’23 (79) 136 17 110 184
’22 189 32 137 240 598
’21 135 210 256 139 740
’20 (28) 100 84 199 355
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (135) 75 — — —
’25 (142) (53) (139) 53 (281)
’24 (105) 84 (14) (35) (70)
’23 (172) 84 (40) 51 (77)
’22 86 (67) 28 123 170
’21 77 150 191 52 470
’20 (66) 56 37 133 160
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,309 1,698 1,819 2,642 2,758 3,572 3,454 2,850 3,074 2,898 3,057 +9.2% 3,277 3,438 3,525 +6.7%
Gross margin, % 10.16 22.91 27.38 17.56 22.52 25.06 24.09 16.21 16.75 9.28 6.22 (0.9) pt
EBT (264) (87) 43 (88) 114 374 308 49 73 (458) (442) +6.3%
EBT margin, % (20.17) (5.12) 2.36 (3.33) 4.13 10.47 8.92 1.72 2.37 (15.80) (14.46) +4.4 pt
Net income (60) (272) 30 (97) 995 303 500 (314) (54) (473) (554) +25.8%
Per share, $
Per share, $ Revenue 11.27 14.21 14.80 18.89 19.24 23.49 22.30 18.22 19.48 18.29 19.13 +5.5%
Earnings (0.51) (2.38) (0.06) (0.78) 6.76 1.88 3.21 (2.02) (0.31) (2.97) (3.46) +21.6%
Cash flow 0.72 1.38 1.38 2.95 2.48 4.87 3.86 1.18 1.90 0.38 0.63 (6.9%)
Capex (0.74) (0.76) (0.95) (1.42) (1.36) (1.78) (2.76) (1.67) (2.34) (2.15) (1.55) +12.6%
Free cash flow (0.02) 0.62 0.43 1.53 1.12 3.09 1.10 (0.49) (0.44) (1.77) (0.91) +67.4%
Book value 9.93 8.49 7.01 6.55 13.05 13.43 15.52 12.66 11.35 9.14 7.45 (0.9%)
Shares, m 116 120 123 140 143 152 155 156 158 158 159 +3.5%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 2.17 12.92 4.34 0.00 0.00 0.00 0.00 1.9
P/S 0.99 1.47 0.53 0.60 0.76 1.02 0.62 0.76 0.52 0.23 0.19 0.7
P/B 1.12 2.47 1.11 1.74 1.12 1.79 0.89 1.09 0.89 0.46 0.48 1.3
EV/Sales 3.13 2.29 1.33 1.65 1.73 1.68 1.31 1.65 1.40 1.27 1.18 1.7
EV/FCF (2,047.94) 52.44 45.68 20.33 29.81 12.76 26.56 (61.18) (61.37) (13.07) (24.65) (199.6)
Cash, $m
Cash, $m Operating cash flow 84 165 170 412 355 740 598 184 300 60 101 (3.7%)
Capex (86) (91) (117) (198) (195) (270) (428) (261) (370) (341) (247) +16.5%
Free cash flow (2) 74 53 214 160 470 170 (77) (70) (281) (146) +73.2%
Balance, $m
Balance, $m Working capital 2,174 2,286 2,244 1,371 1,724 1,227 1,110 1,382 1,281 1,346 1,301 (5.2%)
Net debt 2,803 1,378 1,465 2,753 2,673 2,344 2,374 2,551 2,707 3,011 3,024 +0.8%
Shareholders’ equity 1,153 1,015 862 916 1,871 2,042 2,403 1,980 1,791 1,449 1,191 +2.6%
Returns, %
Returns, % ROA (1.22) (5.80) (0.15) (2.20) 16.37 4.56 8.09 (5.08) (0.79) (7.67) (9.05) (6.4) pt
ROIC (0.84) 3.68 5.37 1.62 3.73 8.22 5.99 2.57 3.04 (3.55) (3.25) (2.7) pt
ROE (5.39) (26.29) (0.75) (12.26) 69.54 14.62 22.36 (14.42) (2.55) (29.01) (38.26) (23.6) pt
People
People Employees 4,300 3,400 3,330 6,660 6,483 6,588 6,500 6,500 6,500 5,700 — +3.2%
Revenue/emp, $m 0.30 0.50 0.55 0.40 0.43 0.54 0.53 0.44 0.47 0.51 — +5.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Tronox Holdings PLC vs peers in Chemicals (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HUN Huntsman Corporation $1.7B — (loss-making) — (loss-making) +14.06% (above 0%: growing) n/m −266.67% (below 0%: shrinking) 14.73% 2.22% Compare
REX REX American Resources Corporation $1.3B 10.8× 13.7× +6.26% (above 0%: growing) +393.02% (above 0%: growing) +392.23% (above 0%: growing) 31.63% 22.36% Compare
GPRE Green Plains, Inc. $988.3M 7.9× 6.6× −19.28% (below 0%: shrinking) n/m +57.21% (above 0%: growing) 25.33% 15.21% Compare
LXU Lsb Industries Inc. $829.5M 23.0× 16.9× +11.10% (above 0%: growing) n/m +9,653.02% (above 0%: growing) 6.82% (1.63%) Compare
WLKP Westlake Chemical Partners LP $749.3M 13.0× 14.2× −0.01% (below 0%: shrinking) −2.44% (below 0%: shrinking) +866.65% (above 0%: growing) 31.91% 29.39% Compare
TROX Tronox Holdings PLC $574.9M — (loss-making) — (loss-making) +18.74% (above 0%: growing) n/m +241.51% (above 0%: growing) 6.34% (2.42%)
RYAM Rayonier Advanced Materials Inc. $447.1M — (loss-making) — (loss-making) +10.61% (above 0%: growing) n/m +69.92% (above 0%: growing) 6.10% (1.69%) Compare
ASIX AdvanSix $414.7M — (loss-making) — (loss-making) +2.75% (above 0%: growing) −89.74% (below 0%: shrinking) −49.21% (below 0%: shrinking) 7.38% 2.15% Compare
VHI Valhi, Inc. $399.6M — (loss-making) 7.0× +16.14% (above 0%: growing) +2,500.00% (above 0%: growing) +435.16% (above 0%: growing) 22.56% 9.88% Compare
Median of peers $789.4M 11.9× 13.7× +8.44% +195.29% +231.08% 18.65% 6.05%

All 15 Chemicals stocks →

Pay and ownership Proxy statement filed 19 March 2026

Ownership

Directors and executive officers, together 2.00%
Cristal International Holdings B.V. Strawinskylaan 24.00%
BlackRock, Inc. 6.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Tronox Holdings PLC (TROX) Latest News

28 Oct

Impact 3 · · Zacks

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Impact 4 · · MarketBeat

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23 Jul

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12 Jun

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13 May

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11 May

Impact 4 · · Simply Wall St.

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Impact 4 · · The Motley Fool transcript
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6 May

Impact 4 · · Zacks
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Impact 3 · · Zacks

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29 Apr

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stockrow.com/TROX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com