TROX
Tronox Holdings plc
TROX lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
TROX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Weak |
TROX's revenue is currently healthy, but its profitability, cash flow and balance sheet are under pressure.
TROX PE Valuation
TROX has no meaningful PE right now: it lost money over the past year.
TROX Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect TROX's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
TROX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.17 | -$1.12 |
| Q2 2026 | -$3.46 | -$1.88 |
| Q1 2026 | -$2.92 | -$1.97 |
| Q4 2025 | -$2.97 | -$2.66 |
| Q3 2025 | -$2.05 | -$1.57 |
| Q2 2025 | -$1.58 | -$1.17 |
| Q1 2025 | -$0.95 | +$1.28 |
| Q4 2024 | -$0.31 | +$1.71 |
TROX lost $3.17 per share over the past year, a bigger loss than the year before.
TROX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $827M | +18% |
| Q2 2026 | $868M | +19% |
| Q1 2026 | $760M | +3% |
| Q4 2025 | $730M | +8% |
| Q3 2025 | $699M | -13% |
| Q2 2025 | $731M | -11% |
| Q1 2025 | $738M | -4.7% |
| Q4 2024 | $676M | -1.5% |
TROX's revenue has grown year over year for four quarters in a row: $827M last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.4% | +7.6 points |
| Q2 2026 | -2.4% | +2.4 points |
| Q1 2026 | -5.4% | +2.9 points |
| Q4 2025 | -16% | -23 points |
| Q3 2025 | -6.2% | -13 points |
| Q2 2025 | -4.8% | -14 points |
| Q1 2025 | -8.3% | -14 points |
| Q4 2024 | 7.1% | +5.9 points |
TROX's operating margin was 1.4% last quarter, up 7.6 points from the same quarter a year ago.
TROX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5M | +$142M |
| Q2 2026 | $60M | +$115M |
| Q1 2026 | -$135M | +$7M |
| Q4 2025 | $53M | +$88M |
| Q3 2025 | -$137M | -$123M |
| Q2 2025 | -$55M | -165% |
| Q1 2025 | -$142M | -$37M |
| Q4 2024 | -$35M | -169% |
TROX's free cash flow was −$17M over the past year, against −$369M the year before.
TROX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -140K shares |
| 1 year | +0.7% | +1.1M shares |
| 3 years | +1.8% | +2.9M shares |
| 5 years | +0.4% | +681K shares |
| Available history | +14% | +19.8M shares |
TROX has 160M diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | $9M |
| Q2 2022 | $25M |
| Q1 2022 | $25M |
TROX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 21.1x | High |
| Q2 2026 | 34.1x | High |
| Q1 2026 | 43.4x | High |
| Q4 2025 | 61.7x | High |
| Q3 2025 | 15.2x | High |
| Q2 2025 | 10.0x | High |
| Q1 2025 | 7.1x | High |
| Q4 2024 | 5.4x | High |
TROX's net debt is more than 20 years of its operating earnings (EBITDA), up from 15 years a year ago.
TROX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 27.1 | Oversold |
| Stochastic | 5.8 | Oversold |
TROX's weekly RSI is 27 (oversold) and its Stochastic is 6 (oversold).
TROX PE vs Basic Materials Sector
| Metric | TROX | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 19x | — |
TROX has no meaningful PE right now: it lost money over the past year.
TROX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.41 | 23% below |
| 20 week MA | $4.72 | 44% below |
| 50 week MA | $6.17 | 58% below |
| 100 week MA | $6.03 | 57% below |
| 200 week MA | $10.1 | 74% below |
TROX is in a downtrend: it's below all five of its weekly moving averages, and 74% below its 200-week average.
TROX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.5 | $14.6 | +27% |
| 2021 | $14.6 | $23.3 | +60% |
| 2022 | $23.3 | $13.7 | -41% |
| 2023 | $13.7 | $14.2 | +3.3% |
| 2024 | $14.2 | $10.1 | -28% |
| 2025 | $10.1 | $4.29 | -58% |
| 2026 YTD | $4.29 | $2.62 | -39% |
TROX has finished lower in three of the last six years. It's down 39% so far in 2026.