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Tronox Holdings plc

TROXBasic MaterialsNASDAQ

Chemicals

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Financials · Annual
Revenue
$2.90B
-5.7% YoY
Net Income
-$470.0M
-879.2% YoY
EBITDA
$21.0M
-95.9% YoY
Free Cash Flow
-$187.6M

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About Tronox Holdings plc

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. At a $1.32B market cap, Tronox Holdings plc ranks as a small-cap company within basic materials. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations.

Key stats
Market Cap$1.32B
Fwd P/E-48.28
EPS$-2.92
Beta0.81
52W Change+46.1%
Dividend Yield2.41%
ROE-30.8%
Analysis

Tronox Holdings plc carries $3.51B in total debt against $138.0M in cash reserves — debt is roughly 25.5x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company is burning cash, with free cash flow at -$187.6M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -30.8% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has pulled back from $3.45B (2022) to $2.90B (2025), a 16% decline worth watching.

The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Tronox Holdings plc and its sector.

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