TROX Financials Tronox Holdings Plc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 1.0% per year over the past 5 years.
Operating margin has contracted, at -8.7% in the latest year.

Financial health

Total debt has grown faster than revenue (17.1% vs 1.0% per year).
Operating income covered interest expense -1.3× in the latest year.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.

Shareholder returns

Dividends have been paid for 14 consecutive years.
The dividend has grown 3.7% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$2.9B	-$470M	9.3%	-8.7%	-$281M	—	$199M
2024	$3.1B	-$48M	16.8%	7.1%	-$70M	—	$151M
2023	$2.9B	-$316M	16.2%	6.5%	-$77M	—	$273M
2022	$3.5B	$497M	24.1%	13.3%	$170M	—	$164M
2021	$3.6B	$286M	25.1%	16.2%	$468M	—	$228M
2020	$2.8B	$969M	22.5%	9.8%	$160M	—	$619M
2019	$2.6B	-$109M	17.6%	3.6%	—	—	$302M
2018	$1.8B	-$7M	27.4%	11.0%	—	—	$1.0B
2017	$1.7B	-$285M	22.9%	8.3%	—	—	$1.1B
2016	$1.3B	-$61M	10.2%	-4.0%	—	$3.1B	$248M
2015	—	-$329M	—	—	—	$3.1B	$229M
2014	—	-$427M	—	—	-$46M	$2.4B	$1.3B
2013	—	-$126M	—	—	$172M	$2.4B	$1.5B
2012	—	$1.1B	—	—	-$48M	$1.6B	$713M
2011	—	$242M	—	—	$130M	—	$154M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$760M	-$103M	5.8%	-5.4%	-$135M	—	$126M
Dec '25	$730M	-$176M	5.3%	-15.6%	$53M	—	$199M
Sep '25	$699M	-$99M	7.4%	-6.2%	-$137M	—	$185M
Jun '25	$731M	-$84M	10.8%	-4.8%	-$55M	—	$132M
Mar '25	$738M	-$111M	13.4%	-8.3%	-$142M	—	$138M
Dec '24	$676M	-$30M	17.3%	7.1%	-$35M	—	$151M
Sep '24	$804M	-$25M	15.9%	6.7%	-$14M	—	$167M
Jun '24	$820M	$16M	18.3%	9.3%	$84M	—	$201M
Mar '24	$774M	-$9M	15.5%	5.3%	-$105M	—	$152M
Dec '23	$686M	-$56M	11.4%	1.2%	$51M	—	$273M
Sep '23	$662M	-$14M	14.2%	4.8%	-$37M	—	$246M
Jun '23	$794M	-$269M	19.8%	10.6%	$81M	—	$167M
Mar '23	$708M	$23M	18.8%	8.8%	-$172M	—	$115M
Dec '22	$649M	-$15M	16.2%	5.5%	$126M	—	$164M
Sep '22	$895M	$121M	25.9%	18.2%	$25M	—	$91M
Jun '22	$945M	$375M	27.8%	20.1%	-$67M	—	$112M
Mar '22	$965M	$16M	24.0%	7.2%	$86M	—	$292M
Dec '21	$884M	$83M	24.7%	15.2%	$50M	—	$228M
Sep '21	$870M	$111M	28.0%	19.3%	$191M	—	$309M
Jun '21	$927M	$73M	24.5%	16.2%	$150M	—	$303M

Valuation over time

How the market has priced TROX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 4.6× (Mar '23) to 4.5× (Dec '23).
The price-to-sales ratio has fallen from 0.7× (Mar '23) to 0.4× (Jun '26).
The dividend yield has risen from 3.8% (Mar '23) to 4.4% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is TROX growing its revenue and profit?

Over the past 5 years, Tronox Holdings Plc's revenue has grown 1.0% per year. These are computed facts, not advice.

How much debt does TROX have?

As of FY2025, Tronox Holdings Plc reported — of total debt against $199M of cash; operating income covered interest expense -1.3×.

What is TROX's profit margin?

In FY2025, gross margin was 9.3%, operating margin -8.7%, and net margin -16.2%.

What is TROX's P/E ratio?

As of Jun '26, Tronox Holdings Plc traded at a price-to-earnings ratio of about 4.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.