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Tronox

TROX

Tronox is a leading vertically integrated manufacturer of titanium dioxide (TiO2) pigment and related chemical products.

Market cap
$973.1M+19.5%
Revenue$2.9B-3.9%
Net income-$462.0M-208%
Free cash flow-$469.0M-146%
EPS (diluted)-$2.93-205%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$832.6M
EPS estimate-$0.39

Financials

Q1 2026

Income statement

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Revenue$760.0M+3.0%
Gross profit$44.0M-55.6%
Operating income-$41.0M+32.8%
Net income-$103.0M+7.2%
EPS (diluted)-$0.65+7.1%

Balance sheet

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Cash & equivalents$138.0M0.0%
Total debt$3.5B+11.3%
Total equity$1.3B-23.0%
Total assets$6.1B-0.2%

Cash flow

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Operating cash flow-$68.0M-113%
CapEx$67.0M-39.1%
Free cash flow-$135.0M+4.9%

Valuation & ratios

Valuation

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Market cap$973.1M+19.5%
Enterprise value$4.37B+8.2%
P/S0.3×0.0×

Profitability

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Gross margin7.3%-8.9pp
Operating margin-8%-11.8pp
Net margin-15.8%-29.0pp

Returns & leverage

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Return on equity-31.2%-49.6pp
Debt / equity2.7×+0.8×
Current ratio2.4×+0.1×

Segments

By product

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TiO2$616.0M+5.5%
Zircon$89.0M+29.0%
Other Products$55.0M-35.3%

By segment

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Reportable Segment$760.0M+3.0%

Competitors

Profile

Tronox is a leading vertically integrated manufacturer of titanium dioxide (TiO2) pigment and related chemical products. The company operates a global supply chain encompassing mineral sand mining, beneficiation, and smelting to produce feedstock for its own pigment production and specialty chemical applications. Its core value proposition lies in its self-sufficiency and low-cost production model, serving a diverse global customer base across the coatings, plastics, and paper industries.

Competitive position

Tronox is the world's leading vertically integrated producer of TiO2, leveraging its own mining operations to maintain a low-cost advantage over non-integrated competitors.

GeographiesUnited States, Australia, South Africa, United Kingdom, France, Brazil, Saudi Arabia
Customer segmentsIndustrial manufacturers, Chemical distributors
Business modelVertically integrated manufacturing, Commodity production, B2B industrial sales
SuppliersEnergy providers, Mining equipment manufacturers, Chemical reagents suppliers
CustomersArchitectural coating brands, Automotive paint manufacturers, Packaging and plastic component producers
Listed2010
Employees6.5K
CEOJohn D. Romano
IndustryChemicals
Websitetronox.com
FilingsSEC EDGAR

Questions, answered.

What is Tronox's market cap?
Tronox (TROX) has a market capitalization of $973.1M and trades on NYSE.
What is Tronox's revenue and profitability?
Tronox generated $2.9B in trailing twelve-month revenue with a net loss of $462.0M, representing a net margin of -15.8%. Gross margin stands at 7.3%, with free cash flow of -$469.0M. These figures are based on the Q1 2026 filing.
Who are Tronox's competitors?
Tronox's key competitors include The Chemours Company, Kronos Worldwide, Inc., Valhi, Inc., and others. These companies compete in similar markets and product categories.
Where is Tronox headquartered?
Tronox is headquartered in United States of America and employs approximately 6,500 people. It has been publicly traded since 2010.