Filing Flows › Valhi (VHI) › How it makes money
How Valhi (VHI) makes money
Valhi (VHI) made $589M of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Chemicals brought in $541M (92%); Component products brought in $44.0M (7%); Real estate management and development brought in $3.9M (1%). Of every dollar of revenue, 24¢ was left as gross profit, 11¢ was left as operating profit, 5¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Chemicals | $541M | 91.9% | -3% | +18% |
| Component products | $44.0M | 7.5% | +0.9% | +10% |
| Real estate management and development | $3.9M | 0.7% | -11% | -41% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $589M | 100.0% |
| Cost of revenue | $447M | 75.9% |
| Gross profit | $142M | 24.1% |
| Operating expenses | $74.7M | 12.7% |
| Operating profit | $67.4M | 11.4% |
| Income tax | $8.0M | 1.4% |
| Net earnings | $30.2M | 5.1% |
| Operating cash flow | $58.7M | 10.0% |
| Free cash flow | $43.6M | 7.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $589M | +17% |
| Q2 2026 | $606M | +12% |
| Q1 2026 | $560M | +4% |
| Q4 2025 | $494M | +3% |
| Q3 2025 | $504M | -6% |
| Q2 2025 | $540M | -3% |
| Q1 2025 | $539M | +2% |
From Valhi's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Valhi make money?
Valhi (VHI) made $589M of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Chemicals brought in $541M (92%); Component products brought in $44.0M (7%); Real estate management and development brought in $3.9M (1%). Of every dollar of revenue, 24¢ was left as gross profit, 11¢ was left as operating profit, 5¢ was left as net earnings.
What is Valhi's biggest business?
Chemicals: $541M in the third quarter 2026, 92% of revenue, +18% from a year earlier.
What is Valhi's profit margin?
Net earnings were $30.2M, 5.1% of revenue, in the third quarter 2026; the operating margin was 11.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.