TROXNYSEIndustrial Inorganic ChemicalsFiscal year ends December 31
Tronox Holdings plc
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$3.37−0.10 (-2.88%)
Close on Oct 19, 2026
- Market cap
- $538.66M
- P/E (TTM)
- –
- Dividend yield
- 10.39%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
9.3%−13.2 pts over 5 years
Operating margin
-8.7%−18.6 pts over 5 years
Net margin
-16.2%−51.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -5.7% | -5.7% | +1.0% | +6.7% | |
| Gross profit | -47.8% | -31.4% | -15.4% | +30.3% | |
| Dividend per share | -30.0% | -11.2% | +4.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -6.1% | 79.2% | -29.6% | |
| Return on assets | -1.2% | 16.4% | -7.7% | |
| Current ratio | 4.85 | 3.14 | 2.46 | |
| Debt to equity | 3.03 | 1.96 | 2.27 | |
| Net debt to EBITDA | 22.60× | 4.65× | 61.69× | |
| Interest coverage | -0.3× | 1.4× | -1.3× | |
| Inventory turnover | 2.1× | 1.9× | 1.6× | |
| Capex to revenue | 6.6% | 7.1% | 11.8% | |
| Diluted shares | 116M | 145M | 158M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Tronox generated $1.88B from operations and spent $2.09B on capital expenditure, dividends and share buybacks. 80% of that went back into the business.
Generated
$1.88B
Used
$2.09B
Capital expenditure$1.67B80%Dividends$369.00M18%Share buybacks$50.00M2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-16.2%
×Asset turnover0.47×
×Equity multiplier3.85×
=Return on equity, FY2025-29.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -16.2% | 0.47× | 3.85× | -29.6% |
| FY2024 | -1.6% | 0.51× | 3.29× | -2.6% |
| FY2023 | -11.1% | 0.46× | 2.90× | -14.7% |
| FY2022 | 14.4% | 0.56× | 2.83× | 22.8% |
| FY2021 | 8.0% | 0.57× | 3.40× | 15.5% |
| FY2020 | 35.1% | 0.47× | 4.84× | 79.2% |
| FY2019 | -4.1% | 0.53× | 6.93× | -15.2% |
| FY2018 | -0.4% | 0.38× | 6.29× | -0.9% |
| FY2017 | -16.8% | 0.35× | 5.35× | -31.0% |
| FY2016 | -4.7% | 0.26× | 4.98× | -6.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$470.00M
- Cash generatingOperating cash flow above zero$60.00M
- Return on assets improvedROA up on the prior year-0.8% → -7.8%
- Earnings backed by cashOperating cash flow above net income$60.00M vs -$470.00M
- Less leverageLong-term debt to assets fell45.7% → 50.4%
- Better liquidityCurrent ratio rose2.47 → 2.46
- No dilutionShare count did not rise158M → 158M
- Gross margin improvedGross margin up on the prior year16.75% → 9.28%
- More efficientAsset turnover rose0.50 → 0.48