TROX · Tronox Holdings PLC - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.90B | $3.07B | $2.85B | $3.45B | $3.57B | $2.76B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | $269.00M | $515.00M | $462.00M | $832.00M | $895.00M | $621.00M |
| R&D | $15.00M | $14.00M | $12.00M | $12.00M | $13.00M | $12.00M |
| SG&A | $290.00M | $296.00M | $276.00M | $289.00M | $318.00M | $347.00M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $302.00M | $285.00M | $275.00M | $269.00M | $297.00M | $304.00M |
| Operating Income | ($253.00M) | $219.00M | $186.00M | $458.00M | $577.00M | $271.00M |
| Interest Expense | $185.00M | $168.00M | $158.00M | $125.00M | $157.00M | $189.00M |
| Income Tax | $15.00M | $127.00M | $363.00M | ($192.00M) | $71.00M | ($881.00M) |
| Net Income | ($470.00M) | ($48.00M) | ($316.00M) | $497.00M | $286.00M | $969.00M |
| EPS - Basic | ($2.97) | ($0.31) | ($2.02) | $3.21 | $1.88 | $6.76 |
| EPS - Diluted | ($2.97) | ($0.31) | ($2.02) | $3.16 | $1.81 | $6.69 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $199.00M | $151.00M | $273.00M | $164.00M | $228.00M | $619.00M |
| Accounts Receivable | $289.00M | $266.00M | $290.00M | $377.00M | $631.00M | $540.00M |
| Inventory | $1.65B | $1.55B | $1.42B | $1.28B | $1.05B | $1.14B |
| Accounts Payable | $481.00M | $499.00M | $461.00M | $486.00M | $438.00M | $356.00M |
| Current Assets | $2.27B | $2.15B | $2.13B | $1.96B | $2.05B | $2.53B |
| Total Assets | $6.22B | $6.04B | $6.13B | $6.31B | $5.99B | $6.57B |
| Current Liabilities | $919.00M | $874.00M | $753.00M | $850.00M | $822.00M | $805.00M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $4.77B | $4.25B | $4.15B | $3.90B | $3.94B | $4.70B |
| Stockholders' Equity | $1.42B | $1.76B | $1.94B | $2.36B | $1.99B | $1.70B |
| Retained Earnings | $30.00M | $555.00M | $684.00M | $1.08B | $663.00M | $434.00M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $60.00M | $300.00M | $184.00M | $355.00M | $740.00M | $355.00M |
| Investing Cash Flow | ($328.00M) | ($343.00M) | ($255.00M) | ($229.00M) | ($269.00M) | ($229.00M) |
| Financing Cash Flow | $321.00M | ($71.00M) | $176.00M | ($250.00M) | ($877.00M) | $214.00M |
| CapEx | $341.00M | $370.00M | $261.00M | $428.00M | $272.00M | $195.00M |
| Free Cash Flow | ($281.00M) | ($70.00M) | ($77.00M) | ($73.00M) | $468.00M | $160.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 9.3% | 16.8% | 16.2% | 24.1% | 25.1% | 22.5% |
| Operating margin | -8.7% | 7.1% | 6.5% | 13.3% | 16.2% | 9.8% |
| EBITDA margin | 1.7% | 16.4% | 16.2% | 21.0% | 24.5% | 20.8% |
| Net margin | -16.2% | -1.6% | -11.1% | 14.4% | 8.0% | 35.1% |
| Free cash flow margin | -9.7% | -2.3% | -2.7% | -2.1% | 13.1% | 5.8% |
| FCF / Net income | 0.60 | 1.46 | 0.24 | -0.15 | 1.64 | 0.17 |
| R&D / Revenue | 0.5% | 0.5% | 0.4% | 0.3% | 0.4% | 0.4% |
| SG&A / Revenue | 10.0% | 9.6% | 9.7% | 8.4% | 8.9% | 12.6% |
| Effective tax rate | - | 160.8% | 772.3% | -63.0% | 19.9% | -1001.1% |
| Return on assets | -7.6% | -0.8% | -5.2% | 7.9% | 4.8% | 14.8% |
| Return on equity | -33.1% | -2.7% | -16.3% | 21.1% | 14.3% | 57.1% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.46 | 2.47 | 2.84 | 2.31 | 2.49 | 3.14 |
| Quick ratio | 0.67 | 0.69 | 0.95 | 0.80 | 1.22 | 1.73 |
| Cash ratio | 0.22 | 0.17 | 0.36 | 0.19 | 0.28 | 0.77 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -1.4x | 1.3x | 1.2x | 3.7x | 3.7x | 1.4x |
| Equity multiplier | 4.38 | 3.43 | 3.17 | 2.68 | 3.00 | 3.87 |
| Liabilities / Assets | 0.77 | 0.70 | 0.68 | 0.62 | 0.66 | 0.72 |
| Efficiency | ||||||
| Asset turnover | 0.47 | 0.51 | 0.46 | 0.55 | 0.60 | 0.42 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 36d | 32d | 37d | 40d | 64d | 71d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | 4.3x | 13.3x | 2.2x |
| P / B | 0.5x | 0.9x | 1.1x | 0.9x | 1.9x | 1.2x |
| P / S | 0.2x | 0.5x | 0.8x | 0.6x | 1.1x | 0.8x |
| EV / EBITDA | 9.4x | 2.9x | 4.2x | 2.7x | 4.1x | 2.6x |
| Growth | ||||||
| Revenue growth (YoY) | -5.7% | 7.9% | -17.5% | -3.3% | 29.5% | 4.4% |
| Revenue CAGR (3y) | -5.7% | -4.9% | 1.1% | 9.3% | 39.7% | - |
| Revenue CAGR (5y) | 1.0% | 3.1% | 16.8% | - | - | - |
| Gross profit growth (YoY) | -47.8% | 11.5% | -44.5% | -7.0% | 44.1% | 33.8% |
| Operating income growth (YoY) | - | 17.7% | -59.4% | -20.6% | 112.9% | 185.3% |
| Net income growth (YoY) | -879.2% | 84.8% | - | 73.8% | -70.5% | - |
| EPS growth (YoY) | -858.1% | 84.7% | - | 74.6% | -72.9% | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -301.4% | 9.1% | -5.5% | - | 192.5% | -25.2% |
| FCF CAGR (5y) | - | - | - | - | 38.4% | 45.0% |
| Book value growth (YoY) | -19.5% | -9.0% | -17.9% | 18.2% | 17.4% | 127.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.90B totalReportable Segment$2.90B · 100.0%
Product / service
$2.90B totalTi O2$2.30B · 79.3%
Product And Service Other$326.00M · 11.2%
Zircon$274.00M · 9.5%
Geographic
$5.80B totalEurope Middle East And Africa$1.17B · 20.1%
Asia Pacific$790.00M · 13.6%
North America$749.00M · 12.9%
US$702.00M · 12.1%
AU$696.00M · 12.0%
Other Foreign$436.00M · 7.5%
SA$384.00M · 6.6%
GB$357.00M · 6.2%
ZA$323.00M · 5.6%
South And Central America$193.00M · 3.3%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.62
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Industrial Inorganic Chemicals
Comparing Tronox Holdings plc against the 5 most active filers in the same SIC group.
Dividends
$0.20/share trailing 12 months · -60.0% YoY
| Ex-date | Per share |
|---|---|
| May 11, 2026 | $0.0500 |
| Feb 23, 2026 | $0.0500 |
| Nov 10, 2025 | $0.0500 |
| Aug 11, 2025 | $0.0500 |
| May 19, 2025 | $0.1250 |
| Mar 3, 2025 | $0.1250 |
| Nov 8, 2024 | $0.1250 |
| Aug 26, 2024 | $0.1250 |
| May 17, 2024 | $0.1250 |
| Mar 1, 2024 | $0.1250 |
| Nov 10, 2023 | $0.1250 |
| Aug 11, 2023 | $0.1250 |
| May 12, 2023 | $0.1250 |
| Mar 3, 2023 | $0.1250 |
| Nov 10, 2022 | $0.1250 |
| Aug 12, 2022 | $0.1250 |
| May 20, 2022 | $0.1250 |
| Mar 4, 2022 | $0.1250 |
| Nov 12, 2021 | $0.1000 |
| Aug 6, 2021 | $0.1000 |
| May 14, 2021 | $0.0800 |
| Mar 5, 2021 | $0.0800 |
| Nov 13, 2020 | $0.0700 |
| Aug 17, 2020 | $0.0700 |