What is Tronox's work in process?

Tronox (TROX) reported work in process of $164M in Q1 2026.

How has Tronox's work in process changed year-over-year?

Tronox's work in process increased by 19.7% year-over-year, from $137M to $164M.

What is the long-term trend for Tronox's work in process?

Over 5 years (2020 to 2025), Tronox's work in process has grown at a 9.6% compound annual growth rate (CAGR), from $103M to $163M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Tronox TROX Work in process

Work in process at other companies

Minerals TechnologiesMTX

$11.2M-28.2%

PPG IndustriesPPG

$269M+7.2%

SSR MiningSSRM

$9.36M+50.2%

MP MaterialsMP

——

Other financials

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

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Market cap$1.09B+31.2%

Enterprise value$4.49B+16.0%

P/S0.4×+0.1×

Profitability

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Gross margin7.3%-8.9pp

Operating margin-8%-11.8pp

Net margin-15.8%-29.0pp

FCF margin-13%—

Returns & leverage

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Return on equity-31.2%-49.6pp

Debt / equity2.7×+0.8×

Current ratio2.4×+0.1×

Where this comes from

Reported directly by Tronox in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Tronox’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tronox's work in process?: Tronox (TROX) reported work in process of $164M in Q1 2026.
How has Tronox's work in process changed year-over-year?: Tronox's work in process increased by 19.7% year-over-year, from $137M to $164M.
What is the long-term trend for Tronox's work in process?: Over 5 years (2020 to 2025), Tronox's work in process has grown at a 9.6% compound annual growth rate (CAGR), from $103M to $163M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.