Tronox Holdings (TROX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Tronox Holdings

NYSE•Basic Materials•Chemicals

$4.81-0.07(-0.01%)Market closed

Market Cap

$682.52M

P/S

0.2x

P/B

0.6x

Tronox Holdings plc operates as a manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; high purity pig iron; monazite; feedstock; and titanium tetrachloride products. The company's products are used for the manufacture of paints, coatings, plastics, and paper, as well as various other applications. Tronox Holdings plc was incorporated in 2018 and is based in Stamford, Connecticut.

How this company scores

WeakMetricSide Score: 31/100

Grade capped at D — Interest coverage below 1× (-1.0x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (10/25); weakest: Balance Sheet & Red Flags (3/25).

Profitability9/25

Growth9/25

Balance Sheet & Red Flags3/25

Cash & Earnings Quality10/25

Strengths

Improving margins

Grade capped at D

Interest coverage below 1× (-1.0x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 4.4x5y range 3.1x – 15.1x

Currently near its 7-quarter median.

P/S · 0.2x5y range 0.2x – 1.1x

Currently below its 20-quarter median.

P/B · 0.6x5y range 0.4x – 1.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 3974.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $682.52M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.06B
Q. Revenue: $868.00M
TTM EBITDA: $93.00M
TTM Op. Income: $-219.00M
Q. Op. Income: $-21.00M
TTM Net Income: $-549.00M
Q. Net Income: $-171.00M
EPS: $-1.07
Shares Out.: $159.84M

$3.06B in TTM revenue grew 3.7% YoY, reaching $868.00M last quarter. TTM EBITDA of $93.00M and TTM operating income of $-219.00M show growth is flowing through to the bottom line. However, net income is negative at $549.00M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 6.3%
EBITDA Margin: 4.6%
Op. Margin: -2.4%
Net Margin: -19.7%

Op. margin of -2.4% is up 2.4% YoY — cost efficiency is improving. Net margin at -19.7% and gross margin of 6.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.2x
P/B Ratio: 0.6x

P/S of 0.2x and P/B of 0.6x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.95B
Cash: $194.00M
Long-Term Debt: $3.12B
Book Value: $1.16B
D/E Ratio: 2.7
Debt/EBITDA: 78.1

With $5.95B in assets and $3.12B in long-term debt, D/E is 2.7and book value is $1.16B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 7 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $105.00M
TTM Free Cash Flow: $-159.00M
FCF Margin: -5.2%
FCF / Net Income: 0.3

TTM FCF of $-159.00M on $105.00M in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.