VHI · Valhi Inc /De/ - 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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $560.10M | - | $503.50M | $540.40M | $538.60M | - | $533.60M | $559.70M | $530.60M | - |
| Cost of Revenue | $457.10M | - | $442.90M | $462.30M | $416.10M | - | $417.30M | $438.40M | $444.30M | - |
| Gross Profit | $103.00M | - | $60.60M | $78.10M | $122.50M | - | $116.30M | $121.30M | $86.30M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $77.50M | - | $77.60M | $79.20M | $78.50M | - | $74.20M | $74.90M | $68.60M | - |
| Total Operating Expenses | $550.10M | - | $531.70M | $556.00M | $508.60M | - | $438.90M | $525.80M | $524.80M | - |
| D&A | $16.90M | - | $17.10M | $19.90M | $15.40M | - | - | - | $12.50M | - |
| Operating Income | $32.90M | - | $8.60M | $35.50M | $50.10M | - | $67.70M | $54.80M | $31.50M | - |
| Interest Expense | $14.70M | - | $14.90M | $13.80M | $13.20M | - | $13.40M | $11.90M | $11.30M | - |
| Income Tax | $6.30M | - | $14.30M | $8.00M | $8.00M | - | $34.30M | $7.90M | $4.40M | - |
| Net Income | $2.00M | - | ($22.20M) | $900.0K | $16.90M | - | $57.50M | $19.90M | $7.80M | - |
| EPS - Basic | $0.07 | - | ($0.78) | $0.03 | $0.59 | - | $2.01 | $0.70 | $0.27 | - |
| EPS - Diluted | $0.07 | - | ($0.78) | $0.03 | $0.59 | - | $2.01 | $0.70 | $0.27 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $193.70M | $214.00M | $183.50M | $188.50M | $194.50M | $348.30M | $314.60M | $373.10M | $341.00M | $407.00M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $580.10M | $659.80M | $690.90M | $717.20M | $729.70M | $685.80M | $577.40M | $475.40M | $504.10M | $596.10M |
| Accounts Payable | $209.40M | $231.30M | $166.90M | $195.20M | $218.80M | $250.00M | $163.60M | $139.20M | $151.40M | $228.50M |
| Current Assets | $1.25B | $1.26B | $1.34B | $1.37B | $1.41B | $1.45B | $1.41B | $1.32B | $1.33B | $1.48B |
| Total Assets | $2.61B | $2.63B | $2.72B | $2.76B | $2.76B | $2.80B | $2.79B | $2.53B | $2.56B | $2.74B |
| Current Liabilities | $386.00M | $449.30M | $369.00M | $483.10M | $528.60M | $643.80M | $503.70M | $378.80M | $385.20M | $507.10M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $1.03B | $1.02B | $1.05B | $1.07B | $1.06B | $1.04B | $1.02B | $962.60M | $928.20M | $935.80M |
| Retained Earnings | $507.70M | $508.00M | $563.50M | $588.00M | $589.30M | $574.70M | $554.20M | $499.00M | $466.60M | $461.10M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($46.10M) | - | - | - | ($155.90M) | - | - | - | ($48.80M) | - |
| Investing Cash Flow | ($9.50M) | - | - | - | ($12.30M) | - | - | - | $19.50M | - |
| Financing Cash Flow | $42.50M | - | - | - | $19.90M | - | - | - | ($32.00M) | - |
| CapEx | $10.60M | - | - | - | $12.80M | - | - | - | $5.00M | - |
| Free Cash Flow | ($56.70M) | - | - | - | ($168.70M) | - | - | - | ($53.80M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 18.4% | - | 12.0% | 14.5% | 22.7% | - | 21.8% | 21.7% | 16.3% | - |
| Operating margin | 5.9% | - | 1.7% | 6.6% | 9.3% | - | 12.7% | 9.8% | 5.9% | - |
| EBITDA margin | 8.9% | - | 5.1% | 10.3% | 12.2% | - | - | - | 8.3% | - |
| Net margin | 0.4% | - | -4.4% | 0.2% | 3.1% | - | 10.8% | 3.6% | 1.5% | - |
| Free cash flow margin | -10.1% | - | - | - | -31.3% | - | - | - | -10.1% | - |
| FCF / Net income | -28.35 | - | - | - | -9.98 | - | - | - | -6.90 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 13.8% | - | 15.4% | 14.7% | 14.6% | - | 13.9% | 13.4% | 12.9% | - |
| Effective tax rate | 75.9% | - | - | 89.9% | 32.1% | - | 37.4% | 28.4% | 36.1% | - |
| Return on assets | 0.1% | - | -0.8% | 0.0% | 0.6% | - | 2.1% | 0.8% | 0.3% | - |
| Return on equity | 0.2% | - | -2.1% | 0.1% | 1.6% | - | 5.6% | 2.1% | 0.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.25 | 2.80 | 3.64 | 2.83 | 2.67 | 2.26 | 2.79 | 3.49 | 3.45 | 2.91 |
| Quick ratio | 1.74 | 1.33 | 1.76 | 1.35 | 1.29 | 1.19 | 1.65 | 2.24 | 2.14 | 1.73 |
| Cash ratio | 0.50 | 0.48 | 0.50 | 0.39 | 0.37 | 0.54 | 0.62 | 0.98 | 0.89 | 0.80 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 2.2x | - | 0.6x | 2.6x | 3.8x | - | 5.1x | 4.6x | 2.8x | - |
| Equity multiplier | 2.54 | 2.57 | 2.59 | 2.58 | 2.60 | 2.70 | 2.73 | 2.63 | 2.76 | 2.92 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.21 | - | 0.19 | 0.20 | 0.20 | - | 0.19 | 0.22 | 0.21 | - |
| Inventory turnover | 0.79 | - | 0.64 | 0.64 | 0.57 | - | 0.72 | 0.92 | 0.88 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 463d | - | 569d | 566d | 640d | - | 505d | 396d | 414d | - |
| Days payable outstanding | 167d | - | 138d | 154d | 192d | - | 143d | 116d | 124d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 204.3x | - | - | 538.7x | 27.5x | - | 16.6x | 25.5x | 63.6x | - |
| P / B | 0.4x | - | 0.4x | 0.4x | 0.4x | - | 0.0x | 0.5x | 0.5x | - |
| P / S | 0.7x | - | 0.9x | 0.9x | 0.9x | - | 0.0x | 0.9x | 0.9x | - |
| EV / EBITDA | 4.3x | - | 10.4x | 4.9x | 4.1x | - | - | - | 3.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.0% | - | -5.6% | -3.4% | 1.5% | - | 13.8% | 10.4% | 7.7% | - |
| Revenue CAGR (3y) | 4.4% | - | -3.3% | -5.2% | -5.0% | - | -2.7% | 2.1% | 1.4% | - |
| Revenue CAGR (5y) | 1.9% | - | 1.9% | 5.4% | 3.2% | - | 2.3% | 1.1% | 2.0% | - |
| Gross profit growth (YoY) | -15.9% | - | -47.9% | -35.6% | 41.9% | - | 91.9% | 85.2% | 59.5% | - |
| Operating income growth (YoY) | -34.3% | - | -87.3% | -35.2% | 59.0% | - | 2608.0% | 356.7% | 1160.0% | - |
| Net income growth (YoY) | -88.2% | - | - | -95.5% | 116.7% | - | - | - | - | - |
| EPS growth (YoY) | -88.1% | - | - | -95.7% | 118.5% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | -68.7% | -28.1% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 66.4% | - | - | - | -213.6% | - | - | - | 62.5% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -3.5% | -1.2% | 2.4% | 11.3% | 14.5% | 10.7% | 9.7% | 2.3% | -1.9% | -2.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.08B totalChemicals$1.86B · 89.5%
Component Products$158.30M · 7.6%
Real Estate Management And Development$59.30M · 2.9%
Product / service
$158.30M totalSecurity Products$120.70M · 76.2%
Marine Components$37.60M · 23.8%
Geographic
$5.37B totalUS$1.39B · 25.9%
North America$929.00M · 17.3%
Europe$861.80M · 16.1%
DE$839.10M · 15.6%
CA$289.30M · 5.4%
Asia And Other$286.20M · 5.3%
Other$285.10M · 5.3%
NO$250.30M · 4.7%
BE$236.70M · 4.4%
Peer comparison
Same SIC group: Industrial Inorganic Chemicals
Comparing VALHI INC /DE/ against the 5 most active filers in the same SIC group.
Dividends
$0.32/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 16, 2026 | $0.0800 |
| Nov 21, 2025 | $0.0800 |
| Sep 5, 2025 | $0.0800 |
| Jun 9, 2025 | $0.0800 |
| Mar 17, 2025 | $0.0800 |
| Nov 29, 2024 | $0.0800 |
| Sep 6, 2024 | $0.0800 |
| Jun 10, 2024 | $0.0800 |
| Mar 8, 2024 | $0.0800 |
| Nov 30, 2023 | $0.0800 |
| Aug 31, 2023 | $0.0800 |
| Jun 2, 2023 | $0.0800 |
| Mar 10, 2023 | $0.0800 |
| Nov 30, 2022 | $0.0800 |
| Aug 31, 2022 | $0.0800 |
| Jun 3, 2022 | $0.0800 |
| Mar 11, 2022 | $0.0800 |
| Dec 1, 2021 | $0.0800 |
| Sep 1, 2021 | $0.0800 |
| Jun 4, 2021 | $0.0800 |
| Mar 12, 2021 | $0.0800 |
| Nov 30, 2020 | $0.0800 |
| Aug 31, 2020 | $0.0800 |
| Jun 15, 2020 | $0.0800 |