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Financials · TROX

Tronox Holdings plc (TROX) financials

For the twelve months ended Sep 30, 2026, Tronox Holdings plc reported $3.19B of revenue and -$508.00M of net income.

Revenue, TTM
$3.19B
Revenue growth, YoY
+12.0%
Net income, TTM
-$508.00M
Net margin
-15.9%
Free cash flow, TTM
-$17.00M
EPS, diluted, TTM
-$3.17
Cash
$136.00M
Total debt
$3.15B
P/S
0.14
Market cap
$432.8M
Annual revenue$2.90B
FY2016FY2025
Annual net income-$470.00M
FY2016FY2025
Annual free cash flow-$281.00M
FY2016FY2025

TROX revenue and earnings growth

TROX revenueQ3 2026$827.00M

Quarter YoY
+18.3%
QoQ
-4.7%
FY YoY
-5.7%
5Y CAGR
+1.0%

TROX revenue was $827.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 18.3% from a year earlier and down 4.7% from the prior quarter. For the full fiscal 2025 it was $2.90B, down 5.7% from fiscal 2024. Compound annual growth was +1.0% over 5 years. It rose in 6 of the last 9 fiscal years.

TROX net incomeQ3 2026-$55.00M

TROX net income was -$55.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$99.00M a year earlier. For the full fiscal 2025 it was -$470.00M, compared with -$48.00M in fiscal 2024.

TROX EPSQ3 2026-$0.34

TROX diluted EPS was -$0.34 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.63 a year earlier. For the full fiscal 2025 it was -$2.97, compared with -$0.31 in fiscal 2024.

TROX free cash flowQ3 2026$5.00M

QoQ
-91.7%

TROX free cash flow was $5.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$137.00M a year earlier and down 91.7% from the prior quarter. For the full fiscal 2025 it was -$281.00M, compared with -$70.00M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$2.90B$3.07B$2.85B$3.45B$3.57B$2.76B$2.64B$1.82B$1.70B$1.31B
Cost of revenue-------$1.32B$1.31B$1.18B
Gross profit$269.00M$515.00M$462.00M$832.00M$895.00M$621.00M$464.00M$498.00M$389.00M$133.00M
Research and development$15.00M$14.00M$12.00M$12.00M$13.00M$12.00M$17.00M$11.00M$8.00M$9.00M
Selling, general and admin$290.00M$296.00M$276.00M$289.00M$318.00M$347.00M$347.00M$267.00M$249.00M$185.00M
Operating income-$253.00M$219.00M$186.00M$458.00M$577.00M$271.00M$95.00M$200.00M$141.00M-$53.00M
Interest expense$189.00M$167.00M$158.00M$125.00M$157.00M$189.00M$201.00M$193.00M$188.00M$185.00M
Pre-tax income-$458.00M$73.00M$49.00M$308.00M$374.00M$114.00M-$88.00M$43.00M-$87.00M-$264.00M
Income tax$15.00M$127.00M$363.00M-$192.00M$71.00M-$881.00M$14.00M$13.00M$6.00M-$125.00M
Net income-$470.00M-$48.00M-$316.00M$497.00M$286.00M$969.00M-$109.00M-$7.00M-$285.00M-$61.00M
EPS, basic-$2.97-$0.31-$2.02$3.21$1.88$6.76-$0.78-$0.06-$2.39-$0.52
EPS, diluted-$2.97-$0.31-$2.02$3.16$1.81$6.69-$0.78-$0.06-$2.39-$0.52
Diluted shares158.5M157.8M156.4M157.1M157.9M144.9M139.9M122.9M119.5M116.2M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$199.00M$152.00M$273.00M$164.00M$232.00M$648.00M$311.00M$1.70B$1.77B$251.00M
Receivables$289.00M$266.00M$290.00M$377.00M$631.00M$540.00M$482.00M$317.00M$328.00M$278.00M
Inventory$1.65B$1.55B$1.42B$1.28B$1.05B$1.14B$1.13B$479.00M$473.00M$499.00M
Current assets$2.27B$2.15B$2.13B$1.96B$2.05B$2.53B$2.07B$2.54B$2.64B$2.74B
Goodwill-------$0--
Total assets$6.22B$6.04B$6.13B$6.31B$5.99B$6.57B$5.27B$4.64B$4.86B$4.96B
Current liabilities$919.00M$874.00M$753.00M$850.00M$822.00M$805.00M$702.00M$300.00M$353.00M$564.00M
Short-term debt$39.00M$35.00M$27.00M$24.00M$18.00M$0$0$0$0$150.00M
Long-term debt$3.13B$2.76B$2.79B$2.46B$2.56B$3.26B$2.99B$3.14B$3.13B$2.89B
Total debt$3.17B$2.79B$2.81B$2.49B$2.58B$3.26B$2.99B$3.14B$3.13B$3.04B
Total liabilities$4.77B$4.25B$4.15B$3.90B$3.94B$4.70B$4.35B$3.78B$3.85B$3.81B
Shareholders' equity$1.42B$1.79B$1.98B$2.40B$2.04B$1.87B$916.00M$862.00M$1.01B$1.15B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$60.00M$300.00M$184.00M$598.00M$740.00M$355.00M$412.00M$170.00M$165.00M$84.00M
Capital expenditures$341.00M$370.00M$261.00M$428.00M$272.00M$195.00M$198.00M$117.00M$91.00M$86.00M
Free cash flow-$281.00M-$70.00M-$77.00M$170.00M$468.00M$160.00M$214.00M$53.00M$74.00M-$2.00M
Investing cash flow-$328.00M-$343.00M-$255.00M-$415.00M-$269.00M-$229.00M-$1.19B-$174.00M$1.23B-$84.00M
Financing cash flow$321.00M-$71.00M$176.00M-$250.00M-$877.00M$214.00M-$638.00M-$46.00M$24.00M-$78.00M
Dividends paid$48.00M$80.00M$89.00M$87.00M$65.00M$40.00M$27.00M$23.00M$23.00M$46.00M
Share repurchases-$0$0$50.00M$0$0$288.00M$0$0-
Stock-based compensation--$4.00M-$3.00M-$4.00M--$31.00M$24.00M
Depreciation and amortization$302.00M$285.00M$275.00M$269.00M$297.00M$304.00M$280.00M$195.00M$182.00M$177.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-5.7%7.9%-17.5%-3.3%29.5%4.4%45.2%7.1%29.7%-
Net income growth, YoY---73.8%-70.5%-----
EPS growth, YoY---74.6%-72.9%-----
Gross margin9.3%16.8%16.2%24.1%25.1%22.5%17.6%27.4%22.9%10.2%
Operating margin-8.7%7.1%6.5%13.3%16.2%9.8%3.6%11.0%8.3%-4.0%
Net margin-16.2%-1.6%-11.1%14.4%8.0%35.1%-4.1%-0.4%-16.8%-4.7%
Free cash flow margin-9.7%-2.3%-2.7%4.9%13.1%5.8%8.1%2.9%4.4%-0.2%
Return on equity-33.1%-2.7%-16.0%20.7%14.0%51.8%-11.9%-0.8%-28.1%-5.3%
Return on assets-7.6%-0.8%-5.2%7.9%4.8%14.8%-2.1%-0.2%-5.9%-1.2%
Current ratio2.462.472.842.312.493.142.958.487.484.85
Debt to equity2.241.561.421.041.261.743.263.643.082.63

Source: XBRL data Tronox Holdings plc files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TROX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TROX$3.19B+12.0%-$508.00M-15.9%$432.8M
LIN$36.24B+8.2%$7.01B19.3%$238.88B
APD$12.60B+4.5%-$47.30M-0.4%$69.27B
DOW$42.61B+4.2%-$897.00M-2.1%$22.41B
IFF$11.69B+24.3%$182.00M1.6%$21.14B
DD$7.06B+3.2%$301.00M4.3%$20.56B
LYB$31.96B+3.5%$1.30B4.1%$19.23B
ALB$6.15B+24.4%$681.63M11.1%$11.70B
SOLS$4.17B+9.4%$325.00M7.8%$10.01B

TROX FAQ

9 questions
  • What is TROX revenue?
    Tronox Holdings plc (TROX) reported $3.19B of revenue for the twelve months ended Sep 30, 2026. That is up 12.0% from the year before. Revenue for fiscal 2025 was $2.90B.
  • Is TROX profitable?
    No. Tronox Holdings plc reported a net loss of $508.00M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does TROX have?
    Tronox Holdings plc reported $136.00M in cash and cash equivalents and $3.15B of debt on its most recent balance sheet in SEC filings.
  • How fast is TROX revenue growing?
    Tronox Holdings plc's revenue changed -5.7% in fiscal 2025, to $2.90B. Its compound annual growth rate was +1.0% over 5 years.
  • What is TROX gross margin?
    Tronox Holdings plc's gross profit was $215.00M on $3.19B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 6.8%.
  • What is TROX free cash flow?
    Tronox Holdings plc generated -$17.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $220.00M less capital expenditures.
  • What is TROX earnings per share?
    Diluted earnings per share were -$3.17 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did TROX last report financial results?
    The latest statements here come from Tronox Holdings plc's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this TROX financial data come from?
    Quantisnow builds these statements from the structured XBRL data Tronox Holdings plc files with the SEC. It is provided for information only and is not investment advice.