Filing Flows › Valhi (VHI) › Q2 2026 › vs Q2 2025
Valhi (VHI) Q2 2026 vs Q2 2025 (year over year)
Valhi's revenue rose $65.7M (+12%) from $540M in Q2 2025 to $606M in Q2 2026. The biggest changes: Chemicals +$63.7M (+13%); Component products +$3.3M (+8%); Real estate management and development −$1.3M (-23%). Gross margin 19.8% against 14.5% (+5.4 pts).
Valhi, Q2 2026: revenue $606M (+12% year over year), operating margin 11.2%, net earnings $22.3M, operating cash flow $59.1M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 19.8% | 14.5% | +5.4 pts |
| Operating margin | 11.2% | 6.6% | +4.6 pts |
| Net margin | 3.7% | 0.2% | +3.5 pts |
| Free cash flow margin | 6.9% | 1.7% | +5.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Chemicals | $558M | $494M | $63.7M | +13% |
| Component products | $43.6M | $40.3M | $3.3M | +8% |
| Real estate management and development | $4.4M | $5.7M | −$1.3M | -23% |
| Revenue | $606M | $540M | $65.7M | +12% |
| Gross profit | $120M | $78.1M | $42.0M | +54% |
| Cost of revenue | $486M | $462M | $23.7M | +5% |
| Operating profit | $67.7M | $35.5M | $32.2M | +91% |
| Operating expenses | $52.4M | $42.6M | $9.8M | +23% |
| Pre-tax earnings | $47.3M | $15.5M | $31.8M | +205% |
| Other expense, net | $20.4M | $20.0M | $400K | +2% |
| Net earnings | $22.3M | $900K | $21.4M | 25× |
| Minority interests | $13.2M | $6.6M | $6.6M | +100% |
| Income tax | $11.8M | $8.0M | $3.8M | +48% |
| Depreciation & amortization | $17.1M | $16.5M | $600K | +4% |
| Working capital & other | $19.7M | $4.3M | $15.4M | +358% |
| Operating cash flow | $59.1M | $21.7M | $37.4M | +172% |
| Free cash flow (OCF − capex) | $41.9M | $9.1M | $32.8M | +360% |
| Capital expenditures | $17.2M | $12.6M | $4.6M | +37% |
Questions
How much did Valhi's revenue grow year over year in Q2 2026?
Valhi's revenue rose $65.7M (+12%) from $540M in Q2 2025 to $606M in Q2 2026.
What drove Valhi's revenue change in Q2 2026?
Chemicals +$63.7M (+13%); Component products +$3.3M (+8%); Real estate management and development −$1.3M (-23%).