Tronox Holdings Past Earnings Performance
Past criteria checks 0/6
Tronox Holdings's earnings have been declining at an average annual rate of -64.1%, while the Chemicals industry saw earnings declining at 4% annually. Revenues have been declining at an average rate of 4% per year.
Key information
-64.10%
Earnings growth rate
-64.70%
EPS growth rate
| Chemicals Industry Growth | 12.93% |
| Revenue growth rate | -3.98% |
| Return on equity | -35.28% |
| Net Margin | -15.82% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 03
TROX: Downside TiO2 Risks Will Keep Execution Risk Elevated
Analysts have trimmed their price target on Tronox Holdings to $10 from $11, citing a slightly higher discount rate, modestly adjusted growth and margin assumptions, and a series of recent downgrades and cautious TiO2 commentary that together support a lower fair value estimate near $4.00 per share. Analyst Commentary Recent Street research on Tronox reflects a cautious tone, with several Bearish analysts revisiting their assumptions and signaling higher perceived risk around execution and growth, particularly in connection with titanium dioxide, or TiO2, trends and company specific fundamentals.Seeking Alpha • May 23
Tronox: Signs Of A Bottom Are Emerging, But The Balance Sheet Keeps Me Cautious
Summary Tronox is rated Hold as recovery drivers are real but valuation is stretched at 10x–11x forward EV/EBITDA with 5x leverage. Antidumping duties are rebalancing TiO2 trade flows, aiding volume recovery, while chloride process advantages insulate TROX from sulfur-driven cost shocks. Q1'26 showed sequential improvement in TiO2 and zircon volumes, but pricing remains below normalized levels and net losses persist amid high debt. The rare earths initiative offers long-term optionality, but near-term earnings and free cash flow are constrained by commodity cycles and capital needs. Read the full article on Seeking Alpha
Narrative Update • May 05
TROX: Slower Earnings Recovery Will Limit Upside Despite Higher Street Expectations
The analyst price target for Tronox Holdings has shifted to $7.88 from $6.11, reflecting updated views on fair value, discount rates, revenue growth, profit margins, and future P/E as outlined in recent Street research, where analysts have been adjusting targets and ratings through a mix of upward revisions and at least one downgrade. Analyst Commentary Recent Street research on Tronox Holdings has been active, with several price target changes clustered over a relatively short period.
Narrative Update • Apr 20
TROX: Plant Closure And Refining Assumptions Will Shape Balanced Risk Reward Outlook
Tronox Holdings' analyst fair value estimate has shifted to $10.00 from $8.00, as analysts adjust assumptions around discount rates, revenue growth, profit margins and future P/E, while a series of firms have been lifting their price targets in recent research updates. Analyst Commentary Recent Street research has highlighted a series of upward price target revisions for Tronox Holdings, with several firms adjusting their views as assumptions around discount rates, growth and profitability are revisited.Narrative Update • Apr 05
TROX: Higher Forecasts And China Closure Will Keep Execution Risk Elevated
The analyst price target for Tronox Holdings has moved higher to $4.37 from $3.50, with analysts updating their views after a series of target increases at firms such as Mizuho, UBS, Truist, Goldman Sachs, and Deutsche Bank. These changes reflect revised assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E.Narrative Update • Mar 22
TROX: Earnings Improvement Plans And Plant Closure Will Support Future Upside
Analysts have lifted their price targets on Tronox Holdings into a rough $4 to $7.50 range, citing expectations for gradual earnings improvement and modestly higher modeled revenue growth and profit margins. Analyst Commentary Recent research updates on Tronox show a cluster of higher price targets, with several bullish analysts marking up their models even while keeping a cautious eye on the earnings backdrop.Narrative Update • Mar 08
TROX: Rare Earth Financing Will Support Future Upside Potential
Analysts have nudged up their price targets on Tronox Holdings into a roughly $4 to $7.50 range, reflecting updated assumptions around higher modeled revenue growth and thinner profit margins, even as some still highlight that earnings improvement may take time. Analyst Commentary Recent research updates around Tronox cluster in a relatively tight price target band, with bullish analysts nudging their fair value estimates higher while still signaling that earnings progress may be gradual.Narrative Update • Feb 21
TROX: Rare Earth Financing And Capacity Closures Will Support Future Upside
The updated analyst price target for Tronox Holdings moves to $8.00 from $7.00. This change reflects analysts' responses to recent Street research that cites revised fair value, a slightly lower discount rate, and adjusted expectations for revenue growth, profit margins, and future P/E multiples.Narrative Update • Feb 07
TROX: Lower Discount Rate And Macro Uncertainty Will Restrain Future Upside
Analysts have lifted their price targets on Tronox Holdings, with recent moves of $1 to $2 reflecting updated views on fair value, a lower discount rate, slightly higher modeled revenue growth and profit margins, and a modestly higher future P/E assumption. Analyst Commentary Recent research updates on Tronox Holdings point to a cluster of upward price target revisions, with several firms fine tuning their assumptions on growth, profitability, and valuation multiples.Analysis Article • Jan 25
Tronox Holdings plc's (NYSE:TROX) Price Is Right But Growth Is Lacking After Shares Rocket 47%
Tronox Holdings plc ( NYSE:TROX ) shares have continued their recent momentum with a 47% gain in the last month alone...Narrative Update • Jan 23
TROX: Rare Earth Financing Support Will Expose Execution Risk Ahead
Analysts have raised their price targets on Tronox Holdings to about $3.50 per share, a move supported by recent Street research that includes increases such as UBS lifting its target to $5.25 from $3.80 while keeping a Neutral stance, with expectations grounded in updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E. Analyst Commentary Recent price target revisions on Tronox highlight a cautious tone from several bearish analysts, even where headline targets appear higher.Narrative Update • Jan 09
TROX: Western Capacity Discipline And Rare Earth Financing Will Support Future Upside
Analysts have reduced their price target on Tronox Holdings to US$3.50 from US$4.00, citing a tougher competitive environment as the TiO2 market becomes more divided between China based producers and western multinationals. Analyst Commentary Recent research commentary around Tronox has centered on how the split between China based TiO2 producers and western multinationals could shape pricing power, cost structures, and capital allocation.Narrative Update • Dec 25
TROX: Western Market Pricing Power May Unlock Upside Despite Lowered Expectations
Analysts have reduced their price target on Tronox Holdings by $0.50 to $3.50. This reflects concerns over a more challenging profit outlook and a bifurcated TiO2 industry structure between Chinese and Western multinational producers.Narrative Update • Dec 11
TROX: Pricing Discipline And Export Actions Will Shape Balanced Risk Reward Outlook
Analysts have modestly lifted their price target for Tronox Holdings, reflecting a recalibrated fair value estimate and stronger long term profit margin assumptions, despite mixed views on TiO2 industry dynamics and recent target changes ranging from approximately $3.50 to $6 per share. Analyst Commentary Recent Street research reflects a sharply divided view on Tronox Holdings, with some observers highlighting improving industry structure and earnings leverage, while others focus on stretched valuation and fragile fundamentals following a strong share price rally.Analysis Article • Dec 10
Tronox Holdings plc (NYSE:TROX) Held Back By Insufficient Growth Even After Shares Climb 30%
Those holding Tronox Holdings plc ( NYSE:TROX ) shares would be relieved that the share price has rebounded 30% in the...Analysis Article • Nov 18
Tronox Holdings' (NYSE:TROX) Returns On Capital Tell Us There Is Reason To Feel Uneasy
When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...Narrative Update • Nov 09
TROX: Pricing Discipline And Export Duties Will Drive Outperformance Ahead
Tronox Holdings has seen its analyst price target increase modestly, rising by $0.37 to $4.63 per share. Analysts cite ongoing sector pricing discipline and production curtailments as factors supporting the company's outlook.Analysis Article • Aug 31
There's No Escaping Tronox Holdings plc's (NYSE:TROX) Muted Revenues Despite A 26% Share Price Rise
Those holding Tronox Holdings plc ( NYSE:TROX ) shares would be relieved that the share price has rebounded 26% in the...Analysis Article • Aug 23
Is Tronox Holdings (NYSE:TROX) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Aug 01
Tronox Holdings' (NYSE:TROX) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...Analysis Article • Jul 14
There's No Escaping Tronox Holdings plc's (NYSE:TROX) Muted Revenues
Tronox Holdings plc's ( NYSE:TROX ) price-to-sales (or "P/S") ratio of 0.3x may look like a pretty appealing investment...Analysis Article • Mar 04
Market Cool On Tronox Holdings plc's (NYSE:TROX) Revenues Pushing Shares 32% Lower
Unfortunately for some shareholders, the Tronox Holdings plc ( NYSE:TROX ) share price has dived 32% in the last thirty...Analysis Article • Feb 22
Earnings Release: Here's Why Analysts Cut Their Tronox Holdings plc (NYSE:TROX) Price Target To US$12.33
Last week saw the newest yearly earnings release from Tronox Holdings plc ( NYSE:TROX ), an important milestone in the...Analysis Article • Feb 08
Is Tronox Holdings plc (NYSE:TROX) Potentially Undervalued?
Tronox Holdings plc ( NYSE:TROX ), is not the largest company out there, but it saw significant share price movement...Analysis Article • Jan 08
Tronox Holdings plc's (NYSE:TROX) Shares Not Telling The Full Story
When you see that almost half of the companies in the Chemicals industry in the United States have price-to-sales...Analysis Article • Nov 21
Tronox Holdings (NYSE:TROX) Seems To Be Using A Lot Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Sep 25
Sentiment Still Eluding Tronox Holdings plc (NYSE:TROX)
When you see that almost half of the companies in the Chemicals industry in the United States have price-to-sales...
New Narrative • Sep 11
Rising TiO2 Demand And Strategic Sustainability Focus Propel Profit Growth
Strategic focus on sustainability and reducing carbon emissions could draw ESG-focused investors, enhancing long-term valuation.Analysis Article • Aug 14
We Think You Should Be Aware Of Some Concerning Factors In Tronox Holdings' (NYSE:TROX) Earnings
The stock price didn't jump after Tronox Holdings plc ( NYSE:TROX ) posted decent earnings last week. Our analysis...Analysis Article • Jul 28
Tronox Holdings (NYSE:TROX) Has No Shortage Of Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jun 13
Investors Aren't Entirely Convinced By Tronox Holdings plc's (NYSE:TROX) Revenues
It's not a stretch to say that Tronox Holdings plc's ( NYSE:TROX ) price-to-sales (or "P/S") ratio of 1.1x right now...Analysis Article • Apr 18
Here's Why Tronox Holdings (NYSE:TROX) Is Weighed Down By Its Debt Load
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Feb 24
Tronox Holdings plc (NYSE:TROX) Analysts Are Pretty Bullish On The Stock After Recent Results
It's been a good week for Tronox Holdings plc ( NYSE:TROX ) shareholders, because the company has just released its...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Tronox Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 2,920 | -462 | 246 | 15 |
| 31 Dec 25 | 2,898 | -470 | 246 | 15 |
| 30 Sep 25 | 2,844 | -325 | 250 | 14 |
| 30 Jun 25 | 2,949 | -251 | 253 | 14 |
| 31 Mar 25 | 3,038 | -150 | 240 | 14 |
| 31 Dec 24 | 3,074 | -48 | 253 | 14 |
| 30 Sep 24 | 3,084 | 42 | 261 | 12 |
| 30 Jun 24 | 2,942 | 53 | 250 | 12 |
| 31 Mar 24 | 2,916 | -348 | 248 | 12 |
| 31 Dec 23 | 2,850 | -316 | 232 | 12 |
| 30 Sep 23 | 2,813 | -388 | 232 | 12 |
| 30 Jun 23 | 3,046 | -253 | 240 | 12 |
| 31 Mar 23 | 3,197 | 391 | 238 | 12 |
| 31 Dec 22 | 3,454 | 497 | 260 | 12 |
| 30 Sep 22 | 3,689 | 595 | 259 | 13 |
| 30 Jun 22 | 3,664 | 585 | 260 | 13 |
| 31 Mar 22 | 3,646 | 283 | 254 | 13 |
| 31 Dec 21 | 3,572 | 286 | 264 | 13 |
| 30 Sep 21 | 3,471 | 248 | 246 | 12 |
| 30 Jun 21 | 3,276 | 1,033 | 263 | 12 |
| 31 Mar 21 | 2,927 | 956 | 272 | 12 |
| 31 Dec 20 | 2,758 | 969 | 272 | 12 |
| 30 Sep 20 | 2,668 | 924 | 257 | 17 |
| 30 Jun 20 | 2,761 | 9 | 269 | 17 |
| 31 Mar 20 | 2,974 | -48 | 273 | 17 |
| 31 Dec 19 | 2,642 | -114 | 249 | 17 |
| 30 Sep 19 | 2,378 | -119 | 239 | 11 |
| 30 Jun 19 | 2,066 | -94 | 188 | 11 |
| 31 Mar 19 | 1,767 | 3 | 164 | 11 |
| 31 Dec 18 | 1,819 | -7 | 161 | 11 |
| 30 Sep 18 | 1,854 | -2 | 174 | 8 |
| 30 Jun 18 | 1,833 | -39 | 168 | 8 |
| 31 Mar 18 | 1,762 | -94 | 169 | 8 |
| 31 Dec 17 | 1,698 | -106 | 169 | 8 |
| 30 Sep 17 | 1,586 | -9 | 171 | 9 |
| 30 Jun 17 | 1,490 | -38 | 175 | 9 |
| 31 Mar 17 | 1,211 | -103 | 159 | 9 |
| 31 Dec 16 | 1,309 | -140 | 153 | 9 |
| 30 Sep 16 | 1,492 | -327 | 141 | 13 |
| 30 Jun 16 | 1,728 | -327 | 147 | 13 |
| 31 Mar 16 | 2,203 | -362 | 154 | 13 |
| 31 Dec 15 | 1,510 | -384 | 130 | 11 |
| 30 Sep 15 | 1,977 | -504 | 165 | 11 |
| 30 Jun 15 | 1,831 | -537 | 160 | 11 |
Quality Earnings: TROX is currently unprofitable.
Growing Profit Margin: TROX is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TROX is unprofitable, and losses have increased over the past 5 years at a rate of 64.1% per year.
Accelerating Growth: Unable to compare TROX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TROX is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (0.1%).
Return on Equity
High ROE: TROX has a negative Return on Equity (-35.28%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/09 06:20 |
| End of Day Share Price | 2026/06/09 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tronox Holdings plc is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Leithead | Barclays |
| John McNulty | BMO Capital Markets Equity Research |
| Matthew DeYoe | BofA Global Research |