Filing Flows › Valhi (VHI) › Q3 2025
Valhi (VHI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Valhi (VHI) reported revenue of $504M for the third quarter 2025 (Q3 2025), -6% from a year earlier and -7% from the quarter before. Operating margin was 1.7%, net loss $21.9M (4.3% of revenue).
Valhi, Q3 2025: revenue $504M (-6% year over year), operating margin 1.7%, net loss $21.9M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $504M | -7% | -6% |
| Operating profit | $8.6M | -76% | — |
| Net earnings | −$21.9M | -2533% | — |
| Operating cash flow | −$1.9M | -109% | — |
What changed
Revenue was $503.5M in Q3 2025, down 6% year over year and down 7% from the previous quarter. Chemicals was the largest line at 91% of revenue. Chemicals lost $27.8M year over year (down 6%), 92% of the total change.
Gross margin was 12.0%, down 9.8 points from a year earlier. Operating profit was $8.6M, a 1.7% margin (down 11.0 points year over year). Operating expenses grew 7% against a revenue fall of 6%. The quarter ended with a net loss of $21.9M, after a profit of $7.5M the previous quarter. Net interest and other expense of $16.2M was the main reason.
Operating cash flow was −$1.9M. Non-cash charges added back $17.1M of depreciation and amortization. Working capital and other items added $2.9M. Capital expenditures of $10.4M exceeded it, leaving free cash flow of −$12.3M.
Questions
What was Valhi's revenue in the third quarter 2025?
Valhi (VHI) reported revenue of $504M for the third quarter 2025 (Q3 2025), -6% from a year earlier and -7% from the quarter before.
Was Valhi profitable in the third quarter 2025?
Operating profit was $8.6M (1.7% of revenue) and net loss $21.9M.
Source: Valhi 10-Q on SEC EDGAR.