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Valhi VHI Titanium Dioxide — Number Of Customers

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Other financials

Income statement

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Revenue$606.1M+12.2%
Gross profit$120.1M+53.8%
Net income$22.3M+2,378%
EPS (diluted)$0.78+2,500%

Balance sheet

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Cash & equivalents$209.7M+11.2%
Total debt$591.4M-7.3%
Total equity$1.0B-2.5%
Total assets$2.6B-6.8%

Cash flow

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Operating cash flow$59.1M
CapEx$17.2M+36.5%
Free cash flow-$56.7M+66.4%

Valuation

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Market cap$474.06M+7.9%
Enterprise value$855.76M-3.7%
P/S0.2×0.0×

Profitability

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Gross margin14.7%-5.3pp
Net margin-2.4%-7.0pp
FCF margin12.9%

Returns & leverage

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Return on equity-4.8%-14.5pp
Debt / equity0.6×0.0×
Current ratio3.4×+0.5×

Where this comes from

Reported directly by Valhi in its filing.

Tagged under the XBRL concept vhi:NumberOfCustomers.

The source filing: Valhi’s 10-K, filed March 10, 2026.

Filed
Mar 10, 2026, 4:16 PM EDT
Fiscal year
FY2025
Accession
0001104659-26-025847

Concentrations of credit risk Sales of TiO2 accounted for approximately 90% of our Chemicals Segment’s sales in 2023, 2024 and 2025. The remaining sales result from the sale of ilmenite ore (a raw material used in the sulfate pigment production process), and the manufacture and sale of iron-based water treatment chemicals and certain titanium chemical products (derived from co-products of the TiO2 production processes). TiO2 is generally sold to the paint, plastics and paper industries. Such markets are generally considered “quality-of-life” markets whose demand for TiO2 is influenced by the relative economic well-being of the various geographic regions. Our Chemicals Segment sells TiO2 to approximately 3,000 customers, with the top ten customers approximating 35% of our Chemicals Segment’s net sales in 2023, 39% in 2024 and 35% in 2025. One customer accounted for approximately 12% of our Chemicals Segment’s net sales in 2023 and 10% of our Chemicals Segment’s net sales in 2024. Our Chemicals Segment did not have sales to a single customer

ITEM 15.EXHIBITS

FAQ

What is Valhi's titanium dioxide — number of customers?
Valhi (VHI) reported titanium dioxide — number of customers of 750 in Q4 2025.
How has Valhi's titanium dioxide — number of customers changed year-over-year?
Valhi's titanium dioxide — number of customers increased by 29900.0% year-over-year, from 2.5 to 750.
What is the long-term trend for Valhi's titanium dioxide — number of customers?
Over 4 years (2021 to 2025), Valhi's titanium dioxide — number of customers has grown at a -6.9% compound annual growth rate (CAGR), from 4K to 3K.
What does titanium dioxide — number of customers mean?
This metric tracks the total count of unique active customers purchasing titanium dioxide products within the reporting period. It provides insight into the breadth of the market reach and the diversification of the client portfolio. An increasing number of customers generally suggests improved market penetration and reduced reliance on individual buyer relationships.

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