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Valhi, Inc.

VHI Basic Materials Chemicals

Valhi, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, down 1.41% from fiscal 2024.

Revenue
+16.1%
EPS
+2,500.0%
Free cash flow
+435.2%
Total debt
−7.26%

Quarter to June 2026, against a year earlier

14.75 0.64 +4.54%
Market cap
$399.6M
P/E
0.0×
Fwd P/E
7.0×
Dividend yield
2.27%
F-score
4/9
Altman Z
1.63
Beneish M
−2.36
Dividend safety
12/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 91.61%

Capital & Financial Ratios $m

Size
Market Cap 399.61
Revenue ttm 2,217.00
Net income ttm (41.90)
Free cash flow ttm 69.50
Net debt Q 368.50
Valuation
P/E 0.00
Forward P/E 6.96
Price / sales 0.18
Forward P/S Powerpack
Price / FCF 5.98
Price / book 0.29
Financial health
Current ratio Q 3.37 (at or above 1.5: strong)
Debt / equity Q 0.42 (at or below 0.5: strong)
Interest coverage Q 4.22
Growth
Revenue growth Q +16.14% (above 0%: growing)
Operating income growth Q +111.60% (above 0%: growing)
EPS, this year −19.53% (below 0%: weak)
EPS, next year A +13.77%
Revenue, next year A −4.81% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A −2.07% (below 0%: weak)

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 0.3×, against a ten-year median of 0.4×; over the ten years it ranged from 0.2× in 2022 to 1.7× in 2018.
P/S against its own 10 years 8.74%
10-year low 10-year high
P/B against its own 10 years 6.71%
10-year low 10-year high
EV/Sales against its own 10 years 27.51%
10-year low 10-year high
EV/FCF against its own 10 years 50.54%
10-year low 10-year high

Dividends

Yield
2.27%
Annual rate
0.32
Payout ratio
—
Growth, 2017–26
−14.3%/yr
  1. 0.96 ’17
  2. 0.96 ’18 +0%
  3. 0.96 ’19 +0%
  4. 0.48 ’20 −50%
  5. 0.32 ’21 −33%
  6. 0.32 ’22 +0%
  7. 0.32 ’23 +0%
  8. 0.32 ’24 +0%
  9. 0.32 ’25 +0%
  10. 0.24 ’26 −25%
paid

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 486 375 226 219
Receivables 340 328 319 434
Inventory 596 686 660 531
Other — — — —
1,475 1,454 1,259 1,217
2023 2024 2025 Q'26
Payables 229 250 231 356
ST’ Debt 1 79 1 1
Other — — — —
507 644 449 361

Compound Annual Growth %

10y 5y 3y
Sales 3.46% 2.61% (1.95%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 9.98% 6.25% 1.43%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY16 Estimate 0.12 Actual 0.12

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY15 −0.48 −1.20 Miss by 0.72
Q1 FY16 −0.84 −0.72 Beat by 0.12
Q2 FY16 −0.72 −0.24 Beat by 0.48
Q3 FY16 0.12 0.12 Met by 0.00

EPS $

Mar Jun Sep Dec Year
’26 0.07 0.78 — — —
’25 0.59 0.03 (0.78) (1.86) (2.02)
’24 0.27 0.70 2.01 0.80 3.79
’23 (0.17) (0.18) (0.21) 0.14 (0.35)
’22 1.59 0.98 0.92 (0.33) 3.16
’21 0.52 0.75 1.36 1.83 4.46
’20 0.84 (0.32) 0.54 0.86 1.94
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 564 628 — — —
’25 539 540 524 501 2,136
’24 543 563 559 502 2,167
’23 506 518 476 477 1,977
’22 629 650 579 408 2,266
’21 516 533 592 694 2,335
’20 494 411 461 511 1,878
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (46) 59 — — —
’25 (156) 22 (2) 101 (35)
’24 (49) 34 14 46 44
’23 (127) 32 34 65 4
’22 (23) 51 0 7 35
’21 57 20 113 271 460
’20 (18) 24 39 107 152
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (57) 49 — — —
’25 (169) 9 (12) 90 (82)
’24 (54) 30 4 39 19
’23 (143) 16 26 59 (43)
’22 (39) 34 (12) (15) (33)
’21 45 17 112 246 419
’20 (34) 15 26 81 87
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

5
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 1,558 1,905 1,889 1,938 1,878 2,335 2,266 1,977 2,167 2,136 2,217 +3.6% — — — —
Gross margin, % 22.26 33.50 35.91 24.53 23.45 26.51 23.57 15.20 22.45 16.60 16.72 (5.7) pt
EBT 40 292 236 105 101 258 170 (19) 244 (43) (28) n/m
EBT margin, % 2.54 15.32 12.50 5.40 5.36 11.04 7.50 (0.99) 11.27 (2.01) (1.26) (4.5) pt
Net income (3) 303 301 78 89 198 133 5 161 (55) (42) +38.1%
Per share, $
Per share, $ Revenue 54.70 66.85 66.29 68.01 65.90 81.94 79.52 69.37 76.02 74.95 77.79 +3.6%
Earnings (0.60) 7.32 9.24 1.68 1.94 4.46 3.16 (0.35) 3.79 (2.02) (1.79) +14.4%
Cash flow 2.80 9.10 5.81 6.22 5.34 16.13 1.22 0.14 1.54 (1.25) 3.92 n/m
Capex (2.12) (2.58) (1.47) (1.94) (2.30) (1.43) (2.37) (1.64) (0.89) (1.64) (1.48) (2.8%)
Free cash flow 0.68 6.52 4.34 4.28 3.04 14.70 (1.15) (1.50) 0.66 (2.88) 2.44 n/m
Book value 15.60 26.91 34.70 34.39 35.33 40.65 45.85 44.78 48.39 47.85 49.10 +13.3%
Shares, m 28 28 29 29 29 29 29 29 29 29 29 0.0%
Valuation, ×
Valuation, × P/E 0.00 10.18 2.51 13.35 7.92 6.45 6.80 0.00 6.19 0.00 0.00 5.3
P/S 0.78 1.11 0.35 0.33 0.23 0.35 0.27 0.21 0.31 0.16 0.18 0.4
P/B 0.00 21.36 2.05 2.04 0.43 0.71 0.47 0.33 0.48 0.25 0.29 2.8
EV/Sales 1.24 1.42 0.50 0.45 0.36 0.31 0.25 0.24 0.39 0.34 0.35 0.6
EV/FCF 99.53 14.59 7.77 7.36 8.11 1.72 (16.38) (10.65) 51.82 (8.42) 11.45 15.5
Cash, $m
Cash, $m Operating cash flow 80 259 166 177 152 460 35 4 44 (35) 112 n/m
Capex (60) (73) (42) (55) (65) (41) (68) (47) (25) (47) (42) (2.8%)
Free cash flow 19 186 124 122 87 419 (33) (43) 19 (82) 70 n/m
Balance, $m
Balance, $m Working capital 543 931 1,058 1,103 1,135 1,210 1,097 968 810 810 856 +4.5%
Net debt 717 588 283 241 252 (101) (40) 61 188 366 369 (7.2%)
Shareholders’ equity 444 767 989 980 1,007 1,158 1,307 1,276 1,379 1,364 1,399 +13.3%
Returns, %
Returns, % ROA (0.64) 7.76 9.34 1.79 1.94 4.32 2.99 (0.36) 3.90 (2.12) (1.91) (1.5) pt
ROIC 5.53 16.18 14.34 7.44 6.79 17.15 10.67 0.53 11.64 0.34 0.95 (5.2) pt
ROE 8.75 (336.03) 124.53 15.51 8.37 11.75 7.07 (0.77) 8.13 (4.20) (3.61) (13.0) pt
People
People Employees 2,260 2,245 2,195 2,200 2,242 2,248 2,266 2,196 2,524 2,263 — 0.0%
Revenue/emp, $m 0.69 0.85 0.86 0.88 0.84 1.04 1.00 0.90 0.86 0.94 — +3.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Valhi, Inc. 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
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%) Compare
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%
BAK Braskem S.A. $200.1M — (loss-making) — +36.50% (above 0%: growing) n/m +611.13% (above 0%: growing) 0.00% 0.00% Compare
Median of peers $662.1M 11.9× 14.0× +8.44% −2.44% +316.87% 7.10% 1.08%

All 15 Chemicals stocks →

Valhi, Inc. (VHI) Latest News

13 Aug

Impact 3 ·

10 Aug

Impact 3 · · MarketBeat

6 Aug

Impact 3 ·
Impact 3 ·

7 May

Impact 3 ·
Impact 3 · · GlobeNewswire

7 Apr

Impact 4 · · Insider Monkey

10 Mar

Impact 4 · · GlobeNewswire
Impact 3 · · Associated Press Finance

31 Dec

Impact 4 · · Simply Wall St.

6 Nov

Impact 4 · · Associated Press Finance
Impact 4 · · GlobeNewswire
Impact 4 · · Simply Wall St.

5 Nov

Impact 3 ·

4 Nov

Impact 4 · · Simply Wall St.

3 Nov

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

27 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

24 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

20 Oct

Impact 3 · · Simply Wall St.

17 Oct

Impact 4 · · Simply Wall St.
Impact 4 ·

16 Oct

Impact 4 · · Simply Wall St.

15 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

14 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.
stockrow.com/VHI · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com