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Tronox Holdings vs Valhi: TROX and VHI compared
Tronox Holdings is the larger company: $827M of revenue in its latest quarter (Q3 2026) against $589M for Valhi (Q3 2026). Tronox Holdings is growing faster (+18% against +17% a year earlier). Valhi is more profitable, with an operating margin of 11.4% against 1.5%.
Where the money goes: TROX and VHI
Tronox Holdings (TROX) · Q3 2026
Tronox Holdings, Q3 2026: revenue $827M (+18% year over year), operating margin 1.5%, net loss $56.0M, operating cash flow $62.0M. The chart follows the revenue to costs, profit and cash.
Valhi (VHI) · Q3 2026
Valhi, Q3 2026: revenue $589M (+17% year over year), operating margin 11.4%, net earnings $30.2M, operating cash flow $58.7M. The chart follows the revenue to costs, profit and cash.
| Tronox Holdings (TROX) | Valhi (VHI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $827M | $589M |
| Revenue growth, Y/Y | +18% | +17% |
| Gross margin | — | 24.1% |
| Operating margin | 1.5% | 11.4% |
| Net earnings | −$56.0M | $30.2M |
| Net margin | -6.8% | 5.1% |
| Operating cash flow | $62.0M | $58.7M |
| Free cash flow | $5.0M | $43.6M |
| Market value | $401M | $460M |
| P/E | — | 22.1× |
| Analysts’ mean target | $4.75 | — |
Where the revenue comes from
Tronox Holdings
- TiO2: $653M (79%)
- Zircon: $93.0M (11%)
- Other Products: $81.0M (10%)
Valhi
- Chemicals: $541M (92%)
- Component products: $44.0M (7%)
- Real estate management and development: $3.9M (1%)
Questions
Which is bigger, Tronox Holdings or Valhi?
Tronox Holdings is the larger company: $827M of revenue in its latest quarter (Q3 2026) against $589M for Valhi (Q3 2026).
Is Tronox Holdings or Valhi growing faster?
Tronox Holdings is growing faster (+18% against +17% a year earlier).
Which is more profitable, Tronox Holdings or Valhi?
Valhi is more profitable, with an operating margin of 11.4% against 1.5%.
More: Tronox Holdings earnings · how Tronox Holdings makes money · Valhi earnings · how Valhi makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.