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Tronox Holdings cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$5.0M in Q3 2026 · −$17.0M over twelve months

Operating cash flow$62.0M
Capital spending−$57.0M
Free cash flow+$5.0M

Analysis

In Q3 2026, Tronox Holdings generated $62.0M of operating cash flow and spent $57.0M on capital projects, leaving free cash flow of $5.0M. That is $142M more than in Q3 2025 (−$137M).

Over the twelve months to Sep 30, 2026, operating cash flow was $220M; the largest uses were capital spending ($237M), net borrowing (+) / repaid (−) ($61.0M), dividends ($32.0M); besides operations, cash came from other financing ($69.0M), other investing ($10.0M); the cash balance fell by $32.0M.

Operating cash flow was $62.0M against net income of −$56.0M. The largest differences: depreciation & amortization +$76.0M, inventory +$23.0M, prepaid and other assets −$21.0M.

Free cash flow

Tronox Holdings: free cash flow by quarterTronox Holdings: free cash flow by quarter−$35.0MQ4 2024−$142MQ1 2025−$55.0MQ2 2025−$137MQ3 2025$53.0MQ4 2025−$135MQ1 2026$60.0MQ2 2026$5.0MQ3 2026
Operating cash flow less capital spending.
Tronox Holdings: operating cash flow against capital spendingTronox Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$82.0M$117MQ4 2024−$32.0M$110MQ1 2025$28.0M$83.0MQ2 2025−$57.0M$80.0MQ3 2025$121M$68.0MQ4 2025−$68.0M$67.0MQ1 2026$105M$45.0MQ2 2026$62.0M$57.0MQ3 2026
Latest (Q3 2026): Operating cash flow $62.0M, Capital spending $57.0M.

Capital allocation, year by year

Tronox Holdings: where the cash came from (up) and went (down), by fiscal yearTronox Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY2021: Operating cash flow $740MFY2021: Net borrowing −$741MFY2021: Shares issued $8.0MFY2021: Capital spending −$272MFY2021: Dividends −$65.0M$748MFY2021FY2022: Operating cash flow $598MFY2022: Net borrowing −$113MFY2022: Shares issued $1.0MFY2022: Capital spending −$428MFY2022: Buybacks −$50.0MFY2022: Dividends −$87.0M$599MFY2022FY2023: Operating cash flow $184MFY2023: Net borrowing $263MFY2023: Capital spending −$261MFY2023: Dividends −$89.0M$447MFY2023FY2024: Operating cash flow $300MFY2024: Net borrowing $21.0MFY2024: Capital spending −$370MFY2024: Dividends −$80.0M$321MFY2024FY2025: Operating cash flow $60.0MFY2025: Net borrowing $371MFY2025: Capital spending −$341MFY2025: Dividends −$48.0M$431MFY2025
Over these 5 years operating cash flow totalled $1.9B; the largest uses were capital spending ($1.7B) and net borrowing ($854M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$136M
Debt$3.2B
Net debt$3.1B
Due within a year$39.0M

Tronox Holdings's operations bring cash in ($220M over twelve months), and it spends more than that on capital projects: a gap of $17.0M funded from its $136M of cash and investments and from borrowing ($3.2B of debt, $39.0M due within a year). That is a choice to invest, not a cash runway running down.

Tronox Holdings: debt maturities by year (FY2025)Tronox Holdings: debt maturities by year (FY2025)$39.0MYear 1$37.0MYear 2$31.0MYear 3$1.8BYear 4$415MYear 5$859MAfter year 5
Principal due in each year as disclosed in the annual report, against $136M of cash and investments now.

Where the cash came from and went

Tronox Holdings: sources (+) and uses (−) of cash, Q3 2026Tronox Holdings: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$62.0MCapital spending−$57.0MCash drawn (+) / kept (−)$52.0MNet borrowing (+) / repaid (−)−$46.0MDividends−$8.0MOther financing−$3.0M
Tronox Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Tronox Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Capital spending−$237MOperating cash flow$220MOther financing$69.0MNet borrowing (+) / repaid (−)−$61.0MDividends−$32.0MCash drawn (+) / kept (−)$32.0MOther investing$10.0MExchange rates−$1.0M

From profit to cash

Tronox Holdings: net income to operating cash flow, Q3 2026Tronox Holdings: net income to operating cash flow, Q3 2026Net income−$56.0MDepreciation & amortization$76.0MStock-based pay$6.0MDeferred taxes$3.0MOther non-cash$14.0MReceivables$15.0MInventory$23.0MPayables$11.0MPrepaid and other assets−$21.0MIncome taxes payable$1.0MOperating cash flow$62.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$62.0M−$57.0M−$8.0M−$46.0M$52.0M$5.0M
Q2 2026$105M−$45.0M−$8.0M−$2.0M−$68.0M$60.0M
Q1 2026−$68.0M−$67.0M−$8.0M$77.0M$73.0M−$135M
Q4 2025$121M−$68.0M−$8.0M−$16.0M−$25.0M$53.0M
Q3 2025−$57.0M−$80.0M−$20.0M−$235M−$53.0M−$137M
Q2 2025$28.0M−$83.0M−$20.0M$69.0M$5.0M−$55.0M
Q1 2025−$32.0M−$110M—$109M$14.0M−$142M
Q4 2024$82.0M−$117M−$19.0M$47.0M$16.0M−$35.0M

Tronox Holdings: income statement and cash flow

Tronox Holdings, Q3 2026: revenue $827M (+18% year over year), operating margin 1.5%. The chart follows the revenue to costs, profit and cash.

Tronox Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.