Filing Flows › Valhi (VHI) › Q3 2026 › vs Q3 2025
Valhi (VHI) Q3 2026 vs Q3 2025 (year over year)
Valhi's revenue rose $85.5M (+17%) from $504M in Q3 2025 to $589M in Q3 2026. The biggest changes: Chemicals +$84.2M (+18%); Component products +$4.0M (+10%); Real estate management and development −$2.7M (-41%). Gross margin 24.1% against 12.0% (+12.1 pts).
Valhi, Q3 2026: revenue $589M (+17% year over year), operating margin 11.4%, net earnings $30.2M, operating cash flow $58.7M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 24.1% | 12.0% | +12.1 pts |
| Operating margin | 11.4% | 1.7% | +9.7 pts |
| Net margin | 5.1% | -4.4% | +9.5 pts |
| Free cash flow margin | 7.4% | -2.4% | +9.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Chemicals | $541M | $457M | $84.2M | +18% |
| Component products | $44.0M | $40.0M | $4.0M | +10% |
| Real estate management and development | $3.9M | $6.6M | −$2.7M | -41% |
| Revenue | $589M | $504M | $85.5M | +17% |
| Gross profit | $142M | $60.6M | $81.5M | +134% |
| Cost of revenue | $447M | $443M | $4.0M | +0.9% |
| Operating profit | $67.4M | $8.6M | $58.8M | +684% |
| Operating expenses | $74.7M | $52.0M | $22.7M | +44% |
| Pre-tax earnings | $48.8M | −$7.6M | $56.4M | — |
| Other expense, net | $18.6M | $16.2M | $2.4M | +15% |
| Net earnings | $30.2M | −$22.2M | $52.4M | — |
| Minority interests | $10.6M | $300K | $10.3M | 35× |
| Income tax | $8.0M | $14.3M | −$6.3M | -44% |
| Depreciation & amortization | $16.8M | $17.1M | −$300K | -2% |
| Working capital & other | $11.7M | $3.2M | $8.5M | +266% |
| Operating cash flow | $58.7M | −$1.9M | $60.6M | — |
| Free cash flow (OCF − capex) | $43.6M | −$12.3M | $55.9M | — |
| Capital expenditures | $15.1M | $10.4M | $4.7M | +45% |
Questions
How much did Valhi's revenue grow year over year in Q3 2026?
Valhi's revenue rose $85.5M (+17%) from $504M in Q3 2025 to $589M in Q3 2026.
What drove Valhi's revenue change in Q3 2026?
Chemicals +$84.2M (+18%); Component products +$4.0M (+10%); Real estate management and development −$2.7M (-41%).