Free Trial

Tronox (TROX) Financials

Tronox logo
$4.83 -0.29 (-5.66%)
Closing price 05/28/2025 03:59 PM Eastern
Extended Trading
$4.95 +0.12 (+2.57%)
As of 09:19 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Tronox

Annual Income Statements for Tronox

This table shows Tronox's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders
-48 -316 497
Consolidated Net Income / (Loss)
-54 -314 500
Net Income / (Loss) Continuing Operations
-54 -314 500
Total Pre-Tax Income
73 49 308
Total Operating Income
219 186 458
Total Gross Profit
515 462 832
Total Revenue
3,074 2,850 3,454
Operating Revenue
3,074 2,850 3,454
Total Cost of Revenue
2,559 2,388 2,622
Operating Cost of Revenue
2,559 2,388 2,622
Total Operating Expenses
296 276 374
Selling, General & Admin Expense
296 276 289
Other Special Charges / (Income)
0.00 0.00 85
Total Other Income / (Expense), net
-146 -137 -150
Interest Expense
170 158 146
Interest & Investment Income
10 18 9.00
Other Income / (Expense), net
14 3.00 -13
Income Tax Expense
127 363 -192
Net Income / (Loss) Attributable to Noncontrolling Interest
-6.00 2.00 3.00
Basic Earnings per Share
($0.31) ($2.02) $3.21
Weighted Average Basic Shares Outstanding
157.82M 156.40M 154.87M
Diluted Earnings per Share
($0.31) ($2.02) $3.16
Weighted Average Diluted Shares Outstanding
157.82M 156.40M 157.11M
Weighted Average Basic & Diluted Shares Outstanding
157.94M 156.79M 154.50M
Cash Dividends to Common per Share
$0.50 $0.50 $0.50

Quarterly Income Statements for Tronox

This table shows Tronox's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
-111 -30 -25 16 -9.00 -56 -14 -269 23 -945 121
Consolidated Net Income / (Loss)
-111 -30 -25 10 -9.00 -56 -14 -269 25 -14 123
Net Income / (Loss) Continuing Operations
-111 -30 -25 10 -9.00 -56 -14 -269 25 -944 123
Total Pre-Tax Income
-106 15 1.00 55 2.00 -32 -6.00 53 34 -19 141
Total Operating Income
-61 48 54 76 41 8.00 32 84 62 105 163
Total Gross Profit
99 117 128 150 120 78 94 157 133 337 232
Total Revenue
738 676 804 820 774 686 662 794 708 649 895
Operating Revenue
738 676 804 820 774 686 662 794 708 649 895
Total Cost of Revenue
639 559 676 670 654 608 568 637 575 1,277 663
Other Cost of Revenue
639 - - - - - - - - - -
Total Operating Expenses
160 69 74 74 79 70 62 73 71 232 69
Selling, General & Admin Expense
74 69 74 74 79 70 62 73 71 147 69
Restructuring Charge
86 - - - - - - - - - -
Total Other Income / (Expense), net
-45 -33 -53 -21 -39 -40 -38 -31 -28 -89 -22
Interest Expense
42 41 45 42 42 45 42 38 33 65 32
Interest & Investment Income
2.00 1.00 3.00 2.00 4.00 8.00 4.00 3.00 3.00 5.00 2.00
Other Income / (Expense), net
-5.00 7.00 -11 19 -1.00 -3.00 0.00 4.00 2.00 -29 8.00
Income Tax Expense
5.00 45 26 45 11 24 8.00 322 9.00 -5.00 18
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 - 0.00 -6.00 0.00 - 0.00 0.00 2.00 1.00 2.00
Basic Earnings per Share
($0.70) ($0.19) ($0.16) $0.10 ($0.06) ($0.36) ($0.09) ($1.72) $0.15 ($0.07) $0.78
Weighted Average Basic Shares Outstanding
158.14M 157.82M 158.10M 158.12M 157.33M 156.40M 156.82M 156.78M 155.18M 154.87M 154.55M
Diluted Earnings per Share
($0.70) ($0.19) ($0.16) $0.10 ($0.06) ($0.36) ($0.09) ($1.72) $0.15 ($0.08) $0.77
Weighted Average Diluted Shares Outstanding
158.14M 157.82M 158.10M 159.29M 157.33M 156.40M 156.82M 156.78M 156.64M 157.11M 156.95M
Weighted Average Basic & Diluted Shares Outstanding
158.46M 157.94M 157.92M 157.92M 157.84M 156.79M 156.79M 156.79M 156.73M 154.50M 154.47M

Annual Cash Flow Statements for Tronox

This table details how cash moves in and out of Tronox's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents
-121 109 -68
Net Cash From Operating Activities
300 184 598
Net Cash From Continuing Operating Activities
300 184 598
Net Income / (Loss) Continuing Operations
-54 -314 500
Consolidated Net Income / (Loss)
-54 -314 500
Depreciation Expense
285 275 269
Amortization Expense
10 9.00 8.00
Non-Cash Adjustments To Reconcile Net Income
52 58 97
Changes in Operating Assets and Liabilities, net
7.00 156 -276
Net Cash From Investing Activities
-343 -255 -415
Net Cash From Continuing Investing Activities
-343 -255 -415
Purchase of Property, Plant & Equipment
-370 -261 -428
Sale of Property, Plant & Equipment
27 6.00 13
Net Cash From Financing Activities
-71 176 -250
Net Cash From Continuing Financing Activities
-71 176 -250
Repayment of Debt
-262 -168 -633
Repurchase of Common Equity
0.00 0.00 -50
Payment of Dividends
-80 -89 -87
Issuance of Debt
272 433 538
Other Financing Activities, net
-1.00 0.00 -18
Other Net Changes in Cash
-7.00 - -1.00
Cash Interest Paid
151 143 114
Cash Income Taxes Paid
10 54 60

Quarterly Cash Flow Statements for Tronox

This table details how cash moves in and out of Tronox's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-14 -16 -33 47 -119 27 79 52 -49 73 -23
Net Cash From Operating Activities
-32 82 87 160 -29 110 17 136 -79 240 137
Net Cash From Continuing Operating Activities
-32 82 87 160 -29 110 17 136 -79 240 137
Net Income / (Loss) Continuing Operations
-111 -30 -25 10 -9.00 -56 -14 -269 25 -14 123
Consolidated Net Income / (Loss)
-111 -30 -25 10 -9.00 -56 -14 -269 25 -14 123
Depreciation Expense
71 71 70 72 72 69 67 68 71 68 66
Amortization Expense
2.00 3.00 2.00 3.00 2.00 3.00 2.00 2.00 2.00 2.00 2.00
Non-Cash Adjustments To Reconcile Net Income
103 8.00 21 1.00 22 9.00 12 15 22 4.00 36
Changes in Operating Assets and Liabilities, net
-97 30 19 74 -116 85 -50 320 -199 180 -90
Net Cash From Investing Activities
-95 -117 -90 -60 -76 -56 -54 -54 -91 -104 -110
Net Cash From Continuing Investing Activities
-95 -117 -90 -60 -76 -56 -54 -54 -91 -104 -110
Purchase of Property, Plant & Equipment
-110 -117 -101 -76 -76 -59 -54 -55 -93 -114 -112
Sale and/or Maturity of Investments
15 - - - - - - - - - -
Net Cash From Financing Activities
108 26 -34 -51 -12 -31 115 -28 120 -66 -41
Net Cash From Continuing Financing Activities
108 26 -34 -51 -12 -31 115 -28 120 -66 -41
Repayment of Debt
-12 -15 -225 -11 -11 -16 -93 -29 -30 -94 -13
Payment of Dividends
0.00 -19 -20 -40 -1.00 -20 -19 -48 -2.00 -27 -19
Issuance of Debt
121 60 212 - 0.00 5.00 227 49 152 55 -
Other Financing Activities, net
-1.00 - - - - - - - - - -
Effect of Exchange Rate Changes
5.00 - 4.00 -2.00 -2.00 4.00 1.00 - - - -
Cash Interest Paid
51 22 51 26 52 30 52 27 34 15 39
Cash Income Taxes Paid
4.00 -1.00 - 8.00 3.00 25 5.00 17 7.00 23 4.00

Annual Balance Sheets for Tronox

This table presents Tronox's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets
6,038 6,134 6,306
Total Current Assets
2,155 2,135 1,960
Cash & Equivalents
151 273 164
Restricted Cash
1.00 0.00 -
Accounts Receivable
266 290 377
Inventories, net
1,551 1,421 1,278
Prepaid Expenses
184 141 135
Current Deferred & Refundable Income Taxes
2.00 10 6.00
Plant, Property, & Equipment, net
1,927 1,835 1,830
Total Noncurrent Assets
1,956 2,164 2,516
Intangible Assets
244 243 250
Noncurrent Deferred & Refundable Income Taxes
830 917 1,233
Other Noncurrent Operating Assets
882 1,004 1,033
Total Liabilities & Shareholders' Equity
6,038 6,134 6,306
Total Liabilities
4,247 4,154 3,903
Total Current Liabilities
874 753 850
Short-Term Debt
100 38 74
Accounts Payable
499 461 486
Accrued Expenses
247 230 252
Current Deferred & Payable Income Tax Liabilities
4.00 0.00 18
Other Current Liabilities
24 24 20
Total Noncurrent Liabilities
3,373 3,401 3,053
Long-Term Debt
2,759 2,786 2,464
Asset Retirement Reserve & Litigation Obligation
212 220 204
Noncurrent Deferred & Payable Income Tax Liabilities
174 149 153
Noncurrent Employee Benefit Liabilities
85 104 89
Other Noncurrent Operating Liabilities
143 142 143
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,791 1,980 2,403
Total Preferred & Common Equity
1,761 1,936 2,357
Total Common Equity
1,761 1,936 2,357
Common Stock
2,086 2,066 2,045
Retained Earnings
555 684 1,080
Accumulated Other Comprehensive Income / (Loss)
-880 -814 -768
Noncontrolling Interest
30 44 46

Quarterly Balance Sheets for Tronox

This table presents Tronox's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
6,069 6,191 6,096 6,022 6,040 6,055 6,359 6,159
Total Current Assets
2,193 2,219 2,226 2,159 2,132 2,084 2,024 1,967
Cash & Equivalents
138 167 201 152 246 167 115 91
Restricted Cash
0.00 1.00 - 2.00 - - - 0.00
Accounts Receivable
319 373 382 378 286 372 411 584
Inventories, net
1,605 1,482 1,424 1,403 1,422 1,400 1,359 1,132
Prepaid Expenses
129 187 210 214 175 145 134 155
Current Deferred & Refundable Income Taxes
2.00 9.00 9.00 10 3.00 0.00 5.00 5.00
Plant, Property, & Equipment, net
1,922 1,938 1,841 1,804 1,770 1,790 1,820 1,749
Total Noncurrent Assets
1,954 2,034 2,029 2,059 2,138 2,181 2,515 2,443
Intangible Assets
243 247 246 243 245 246 249 251
Noncurrent Deferred & Refundable Income Taxes
831 874 888 915 923 929 1,243 1,216
Other Noncurrent Operating Assets
880 913 895 901 970 1,006 1,023 976
Total Liabilities & Shareholders' Equity
6,069 6,191 6,096 6,022 6,040 6,055 6,359 6,159
Total Liabilities
4,363 4,245 4,165 4,097 4,004 3,969 3,960 3,837
Total Current Liabilities
961 817 746 691 643 940 915 838
Short-Term Debt
221 51 26 31 43 226 200 106
Accounts Payable
478 492 457 398 370 437 410 426
Accrued Expenses
239 243 243 240 199 244 263 262
Current Deferred & Payable Income Tax Liabilities
0.00 11 - - 11 10 20 26
Other Current Liabilities
23 20 20 22 20 23 22 18
Total Noncurrent Liabilities
3,402 3,428 3,419 3,406 3,361 3,029 3,045 2,999
Long-Term Debt
2,753 2,767 2,781 2,780 2,788 2,450 2,458 2,463
Asset Retirement Reserve & Litigation Obligation
232 236 229 224 202 202 201 200
Noncurrent Deferred & Payable Income Tax Liabilities
181 183 171 156 143 142 152 143
Noncurrent Employee Benefit Liabilities
86 102 101 103 90 91 91 108
Other Noncurrent Operating Liabilities
150 140 137 143 138 144 143 85
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,706 1,946 1,931 1,925 2,036 2,086 2,399 2,322
Total Preferred & Common Equity
1,674 1,913 1,898 1,882 1,993 2,041 2,349 2,271
Total Common Equity
1,674 1,913 1,898 1,882 1,993 2,041 2,349 2,271
Common Stock
2,091 2,082 2,076 2,072 2,060 2,056 2,051 2,040
Retained Earnings
425 606 651 655 760 794 1,083 1,116
Accumulated Other Comprehensive Income / (Loss)
-842 -775 -829 -845 -827 -809 -785 -885
Noncontrolling Interest
32 33 33 43 43 45 50 51

Annual Metrics And Ratios for Tronox

This table displays calculated financial ratios and metrics derived from Tronox's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics
- - -
Revenue Growth
7.86% -17.49% -3.30%
EBITDA Growth
11.63% -34.49% -19.51%
EBIT Growth
23.28% -57.53% -24.45%
NOPAT Growth
86.41% -260.31% 59.05%
Net Income Growth
82.80% -162.80% 65.02%
EPS Growth
84.65% -163.92% 74.59%
Operating Cash Flow Growth
63.04% -69.23% -19.19%
Free Cash Flow Firm Growth
86.36% -368.34% -43.64%
Invested Capital Growth
-0.73% -5.15% 8.91%
Revenue Q/Q Growth
-0.32% 1.32% -4.45%
EBITDA Q/Q Growth
10.92% -12.73% -13.95%
EBIT Q/Q Growth
27.32% -27.31% -20.39%
NOPAT Q/Q Growth
70.59% 4.00% -3.86%
Net Income Q/Q Growth
32.50% -15.44% -18.17%
EPS Q/Q Growth
35.42% -16.09% -16.62%
Operating Cash Flow Q/Q Growth
-8.54% -41.40% 20.32%
Free Cash Flow Firm Q/Q Growth
75.46% 10.98% 3.26%
Invested Capital Q/Q Growth
-2.13% -1.95% -0.48%
Profitability Metrics
- - -
Gross Margin
16.75% 16.21% 24.09%
EBITDA Margin
17.18% 16.60% 20.90%
Operating Margin
7.12% 6.53% 13.26%
EBIT Margin
7.58% 6.63% 12.88%
Profit (Net Income) Margin
-1.76% -11.02% 14.48%
Tax Burden Percent
-73.97% -640.82% 162.34%
Interest Burden Percent
31.33% 25.93% 69.21%
Effective Tax Rate
173.97% 740.82% -62.34%
Return on Invested Capital (ROIC)
-3.59% -25.61% 16.23%
ROIC Less NNEP Spread (ROIC-NNEP)
0.52% 10.04% 5.91%
Return on Net Nonoperating Assets (RNNOA)
0.72% 11.28% 6.27%
Return on Equity (ROE)
-2.86% -14.33% 22.50%
Cash Return on Invested Capital (CROIC)
-2.86% -20.32% 7.69%
Operating Return on Assets (OROA)
3.83% 3.04% 7.24%
Return on Assets (ROA)
-0.89% -5.05% 8.13%
Return on Common Equity (ROCE)
-2.81% -14.03% 22.02%
Return on Equity Simple (ROE_SIMPLE)
-3.07% -16.22% 21.21%
Net Operating Profit after Tax (NOPAT)
-162 -1,192 744
NOPAT Margin
-5.27% -41.82% 21.53%
Net Nonoperating Expense Percent (NNEP)
-4.11% -35.65% 10.32%
Return On Investment Capital (ROIC_SIMPLE)
-3.48% -24.81% 15.05%
Cost of Revenue to Revenue
83.25% 83.79% 75.91%
SG&A Expenses to Revenue
9.63% 9.68% 8.37%
R&D to Revenue
0.00% 0.00% 0.00%
Operating Expenses to Revenue
9.63% 9.68% 10.83%
Earnings before Interest and Taxes (EBIT)
233 189 445
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
528 473 722
Valuation Ratios
- - -
Price to Book Value (P/BV)
0.90 1.11 0.84
Price to Tangible Book Value (P/TBV)
1.05 1.27 0.93
Price to Revenue (P/Rev)
0.52 0.75 0.57
Price to Earnings (P/E)
0.00 0.00 3.96
Dividend Yield
4.97% 3.65% 4.91%
Earnings Yield
0.00% 0.00% 25.25%
Enterprise Value to Invested Capital (EV/IC)
0.96 1.05 0.92
Enterprise Value to Revenue (EV/Rev)
1.41 1.66 1.27
Enterprise Value to EBITDA (EV/EBITDA)
8.20 10.02 6.08
Enterprise Value to EBIT (EV/EBIT)
18.57 25.09 9.86
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 5.90
Enterprise Value to Operating Cash Flow (EV/OCF)
14.42 25.77 7.34
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 12.45
Leverage & Solvency
- - -
Debt to Equity
1.60 1.43 1.06
Long-Term Debt to Equity
1.54 1.41 1.03
Financial Leverage
1.39 1.12 1.06
Leverage Ratio
3.23 2.84 2.77
Compound Leverage Factor
1.01 0.74 1.91
Debt to Total Capital
61.48% 58.78% 51.37%
Short-Term Debt to Total Capital
2.15% 0.79% 1.50%
Long-Term Debt to Total Capital
59.33% 57.99% 49.87%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.65% 0.92% 0.93%
Common Equity to Total Capital
37.87% 40.30% 47.70%
Debt to EBITDA
5.41 5.97 3.52
Net Debt to EBITDA
5.13 5.39 3.29
Long-Term Debt to EBITDA
5.23 5.89 3.41
Debt to NOPAT
-17.65 -2.37 3.41
Net Debt to NOPAT
-16.71 -2.14 3.19
Long-Term Debt to NOPAT
-17.03 -2.34 3.31
Altman Z-Score
1.24 1.30 1.53
Noncontrolling Interest Sharing Ratio
1.96% 2.05% 2.11%
Liquidity Ratios
- - -
Current Ratio
2.47 2.84 2.31
Quick Ratio
0.48 0.75 0.64
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-129 -946 353
Operating Cash Flow to CapEx
87.46% 72.16% 144.10%
Free Cash Flow to Firm to Interest Expense
-0.76 -5.99 2.41
Operating Cash Flow to Interest Expense
1.76 1.16 4.10
Operating Cash Flow Less CapEx to Interest Expense
-0.25 -0.45 1.25
Efficiency Ratios
- - -
Asset Turnover
0.51 0.46 0.56
Accounts Receivable Turnover
11.06 8.55 6.85
Inventory Turnover
1.72 1.77 2.25
Fixed Asset Turnover
1.63 1.56 1.95
Accounts Payable Turnover
5.33 5.04 5.68
Days Sales Outstanding (DSO)
33.01 42.71 53.26
Days Inventory Outstanding (DIO)
211.95 206.27 161.90
Days Payable Outstanding (DPO)
68.46 72.37 64.31
Cash Conversion Cycle (CCC)
176.50 176.61 150.84
Capital & Investment Metrics
- - -
Invested Capital
4,498 4,531 4,777
Invested Capital Turnover
0.68 0.61 0.75
Increase / (Decrease) in Invested Capital
-33 -246 391
Enterprise Value (EV)
4,327 4,741 4,388
Market Capitalization
1,590 2,146 1,968
Book Value per Share
$11.15 $12.35 $15.26
Tangible Book Value per Share
$9.61 $10.80 $13.64
Total Capital
4,650 4,804 4,941
Total Debt
2,859 2,824 2,538
Total Long-Term Debt
2,759 2,786 2,464
Net Debt
2,707 2,551 2,374
Capital Expenditures (CapEx)
343 255 415
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,229 1,147 1,020
Debt-free Net Working Capital (DFNWC)
1,381 1,420 1,184
Net Working Capital (NWC)
1,281 1,382 1,110
Net Nonoperating Expense (NNE)
-108 -878 244
Net Nonoperating Obligations (NNO)
2,707 2,551 2,374
Total Depreciation and Amortization (D&A)
295 284 277
Debt-free, Cash-free Net Working Capital to Revenue
39.98% 40.25% 29.53%
Debt-free Net Working Capital to Revenue
44.93% 49.82% 34.28%
Net Working Capital to Revenue
41.67% 48.49% 32.14%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
($0.31) ($2.02) $3.21
Adjusted Weighted Average Basic Shares Outstanding
157.82M 156.40M 154.87M
Adjusted Diluted Earnings per Share
($0.31) ($2.02) $3.16
Adjusted Weighted Average Diluted Shares Outstanding
157.82M 156.40M 157.11M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
157.94M 156.79M 154.50M
Normalized Net Operating Profit after Tax (NOPAT)
153 130 380
Normalized NOPAT Margin
4.99% 4.57% 11.00%
Pre Tax Income Margin
2.37% 1.72% 8.92%
Debt Service Ratios
- - -
EBIT to Interest Expense
1.37 1.20 3.05
NOPAT to Interest Expense
-0.95 -7.54 5.09
EBIT Less CapEx to Interest Expense
-0.65 -0.42 0.21
NOPAT Less CapEx to Interest Expense
-2.97 -9.16 2.25
Payout Ratios
- - -
Dividend Payout Ratio
-148.15% -28.34% 17.40%
Augmented Payout Ratio
-148.15% -28.34% 27.40%

Quarterly Metrics And Ratios for Tronox

This table displays calculated financial ratios and metrics derived from Tronox's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-4.65% -1.46% 21.45% 3.27% 9.32% 5.70% -26.03% -15.98% -26.63% -19.88% 2.87%
EBITDA Growth
-93.86% 67.53% 13.86% 7.59% -16.79% -47.26% -57.74% -40.82% 95.71% -44.49% -6.27%
EBIT Growth
-265.00% 1,000.00% 34.38% 7.95% -37.50% -93.42% -81.29% -55.56% 0.00% -60.00% -5.00%
NOPAT Growth
76.86% -1,814.29% -6,126.79% 103.24% -504.71% -92.38% -84.25% -190.95% 0.00% -59.32% 5.61%
Net Income Growth
-1,133.33% 46.43% -78.57% 103.72% -136.00% -300.00% -111.38% -171.73% 56.25% -114.43% 8.85%
EPS Growth
-1,066.67% 47.22% -77.78% 105.81% -140.00% -350.00% -111.69% -172.57% 50.00% -114.55% 10.00%
Operating Cash Flow Growth
-10.34% -25.45% 411.76% 17.65% 63.29% -54.17% -87.59% 325.00% -141.80% 72.66% -46.48%
Free Cash Flow Firm Growth
-101.54% -125.04% -757.89% 126.47% 136.53% 179.24% 169.49% -220.19% -639.79% -193.74% -257.81%
Invested Capital Growth
-0.87% -0.73% -0.54% -1.26% -7.28% -5.15% -3.73% -3.26% 11.91% 8.91% 9.89%
Revenue Q/Q Growth
9.17% -15.92% -1.95% 5.94% 12.83% 3.63% -16.62% 12.15% 9.09% -27.49% -5.29%
EBITDA Q/Q Growth
-94.57% 12.17% -32.35% 49.12% 48.05% -23.76% -36.08% 15.33% -6.16% -38.91% -10.49%
EBIT Q/Q Growth
-220.00% 27.91% -54.74% 137.50% 700.00% -84.38% -63.64% 37.50% -15.79% -55.56% -13.64%
NOPAT Q/Q Growth
55.52% 92.89% -9,869.74% 107.49% -3,394.64% -75.00% 105.25% -1,035.20% -37.98% -48.31% -69.67%
Net Income Q/Q Growth
-270.00% -20.00% -350.00% 211.11% 83.93% -300.00% 94.80% -1,176.00% 278.57% -111.38% -67.20%
EPS Q/Q Growth
-268.42% -18.75% -260.00% 266.67% 83.33% -300.00% 94.77% -1,246.67% 287.50% -110.39% -67.51%
Operating Cash Flow Q/Q Growth
-139.02% -5.75% -45.63% 651.72% -126.36% 547.06% -87.50% 272.15% -132.92% 75.18% 328.13%
Free Cash Flow Firm Q/Q Growth
95.71% 95.25% -1,944.94% -59.08% -30.25% 24.93% 174.22% 43.52% -51.31% -9.56% -228.38%
Invested Capital Q/Q Growth
0.98% -2.13% 1.30% -0.98% 1.13% -1.95% 0.57% -7.02% 3.45% -0.48% 1.05%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
13.41% 17.31% 15.92% 18.29% 15.50% 11.37% 14.20% 19.77% 18.79% 51.93% 25.92%
EBITDA Margin
0.95% 19.08% 14.30% 20.73% 14.73% 11.22% 15.26% 19.90% 19.35% 22.50% 26.70%
Operating Margin
-8.27% 7.10% 6.72% 9.27% 5.30% 1.17% 4.83% 10.58% 8.76% 16.18% 18.21%
EBIT Margin
-8.94% 8.14% 5.35% 11.59% 5.17% 0.73% 4.83% 11.08% 9.04% 11.71% 19.11%
Profit (Net Income) Margin
-15.04% -4.44% -3.11% 1.22% -1.16% -8.16% -2.11% -33.88% 3.53% -2.16% 13.74%
Tax Burden Percent
104.72% -200.00% -2,500.00% 18.18% -450.00% 175.00% 233.33% -507.55% 73.53% 73.68% 87.23%
Interest Burden Percent
160.61% 27.27% 2.33% 57.89% 5.00% -640.00% -18.75% 60.23% 53.13% -25.00% 82.46%
Effective Tax Rate
0.00% 300.00% 2,600.00% 81.82% 550.00% 0.00% 0.00% 607.55% 26.47% 0.00% 12.77%
Return on Invested Capital (ROIC)
-3.85% -9.67% -112.37% 1.09% -14.60% 0.50% 2.02% -35.00% 4.40% 8.54% 12.53%
ROIC Less NNEP Spread (ROIC-NNEP)
-6.34% -7.16% -61.74% 0.94% -7.85% -2.00% 0.58% -28.62% 3.55% 4.83% 11.74%
Return on Net Nonoperating Assets (RNNOA)
-9.59% -9.98% -81.17% 1.19% -9.44% -2.25% 0.68% -32.01% 3.78% 5.13% 13.17%
Return on Equity (ROE)
-13.44% -19.65% -193.54% 2.28% -24.03% -1.75% 2.70% -67.01% 8.18% 13.66% 25.69%
Cash Return on Invested Capital (CROIC)
2.67% -2.86% -11.41% -11.22% -63.37% -20.32% -22.56% -2.41% 7.12% 7.69% 7.45%
Operating Return on Assets (OROA)
-4.49% 4.11% 2.70% 5.61% 2.43% 0.33% 2.23% 5.50% 4.60% 6.58% 11.32%
Return on Assets (ROA)
-7.56% -2.24% -1.57% 0.59% -0.55% -3.74% -0.98% -16.81% 1.80% -1.21% 8.14%
Return on Common Equity (ROCE)
-13.17% -19.27% -189.85% 2.23% -23.52% -1.71% 2.64% -65.55% 7.99% 13.37% 25.10%
Return on Equity Simple (ROE_SIMPLE)
-9.32% 0.00% -4.18% -3.64% -18.49% 0.00% -13.65% -6.61% 21.67% 0.00% 26.90%
Net Operating Profit after Tax (NOPAT)
-43 -96 -1,350 14 -185 5.60 22 -426 46 74 142
NOPAT Margin
-5.79% -14.20% -167.91% 1.69% -23.84% 0.82% 3.38% -53.70% 6.44% 11.33% 15.89%
Net Nonoperating Expense Percent (NNEP)
2.49% -2.51% -50.62% 0.15% -6.75% 2.50% 1.44% -6.38% 0.85% 3.71% 0.79%
Return On Investment Capital (ROIC_SIMPLE)
-0.91% -2.06% - - - 0.12% - - - 1.49% -
Cost of Revenue to Revenue
86.59% 82.69% 84.08% 81.71% 84.50% 88.63% 85.80% 80.23% 81.21% 196.76% 74.08%
SG&A Expenses to Revenue
10.03% 10.21% 9.20% 9.02% 10.21% 10.20% 9.37% 9.19% 10.03% 22.65% 7.71%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
21.68% 10.21% 9.20% 9.02% 10.21% 10.20% 9.37% 9.19% 10.03% 35.75% 7.71%
Earnings before Interest and Taxes (EBIT)
-66 55 43 95 40 5.00 32 88 64 76 171
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
7.00 129 115 170 114 77 101 158 137 146 239
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.66 0.90 1.21 1.30 1.44 1.11 1.02 0.94 0.90 0.84 0.77
Price to Tangible Book Value (P/TBV)
0.78 1.05 1.39 1.50 1.65 1.27 1.16 1.07 1.01 0.93 0.87
Price to Revenue (P/Rev)
0.37 0.52 0.75 0.84 0.93 0.75 0.72 0.63 0.66 0.57 0.49
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.96 1.15
Dividend Yield
7.10% 4.97% 3.42% 3.19% 2.90% 3.65% 4.82% 6.12% 4.56% 4.91% 4.18%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 25.25% 87.00%
Enterprise Value to Invested Capital (EV/IC)
0.88 0.96 1.09 1.13 1.18 1.05 1.01 0.97 0.95 0.92 0.89
Enterprise Value to Revenue (EV/Rev)
1.31 1.41 1.62 1.74 1.85 1.66 1.66 1.47 1.47 1.27 1.19
Enterprise Value to EBITDA (EV/EBITDA)
9.45 8.20 10.49 11.07 12.01 10.02 8.60 6.58 5.97 6.08 5.11
Enterprise Value to EBIT (EV/EBIT)
31.34 18.57 27.29 29.74 32.74 25.09 17.93 11.22 9.26 9.86 7.67
Enterprise Value to NOPAT (EV/NOPAT)
48.59 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.48 5.90 5.54
Enterprise Value to Operating Cash Flow (EV/OCF)
13.40 14.42 15.22 19.83 23.09 25.77 14.85 10.31 14.28 7.34 8.62
Enterprise Value to Free Cash Flow (EV/FCFF)
32.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14.14 12.45 12.55
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.74 1.60 1.45 1.45 1.46 1.43 1.39 1.28 1.11 1.06 1.11
Long-Term Debt to Equity
1.61 1.54 1.42 1.44 1.44 1.41 1.37 1.17 1.02 1.03 1.06
Financial Leverage
1.51 1.39 1.31 1.27 1.20 1.12 1.16 1.12 1.07 1.06 1.12
Leverage Ratio
3.33 3.23 3.07 3.02 2.86 2.84 2.80 2.78 2.78 2.77 2.82
Compound Leverage Factor
5.35 0.88 0.07 1.75 0.14 -18.16 -0.52 1.68 1.48 -0.69 2.33
Debt to Total Capital
63.55% 61.48% 59.15% 59.24% 59.35% 58.78% 58.17% 56.19% 52.56% 51.37% 52.53%
Short-Term Debt to Total Capital
4.72% 2.15% 1.07% 0.55% 0.65% 0.79% 0.88% 4.75% 3.95% 1.50% 2.17%
Long-Term Debt to Total Capital
58.82% 59.33% 58.08% 58.70% 58.70% 57.99% 57.28% 51.45% 48.61% 49.87% 50.36%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.68% 0.65% 0.69% 0.70% 0.91% 0.92% 0.88% 0.95% 0.99% 0.93% 1.04%
Common Equity to Total Capital
35.77% 37.87% 40.16% 40.06% 39.74% 40.30% 40.95% 42.86% 46.45% 47.70% 46.43%
Debt to EBITDA
7.06 5.41 5.92 6.08 6.25 5.97 5.22 3.94 3.37 3.52 3.06
Net Debt to EBITDA
6.74 5.13 5.57 5.64 5.90 5.39 4.77 3.69 3.22 3.29 2.95
Long-Term Debt to EBITDA
6.54 5.23 5.81 6.02 6.18 5.89 5.14 3.60 3.12 3.41 2.94
Debt to NOPAT
36.31 -17.65 -5.12 -4.92 -0.83 -2.37 -2.28 -10.01 3.09 3.41 3.32
Net Debt to NOPAT
34.63 -16.71 -4.81 -4.57 -0.79 -2.14 -2.08 -9.38 2.96 3.19 3.20
Long-Term Debt to NOPAT
33.61 -17.03 -5.02 -4.88 -0.82 -2.34 -2.25 -9.16 2.86 3.31 3.18
Altman Z-Score
0.96 1.15 1.26 1.33 1.35 1.20 1.26 1.25 1.30 1.34 1.43
Noncontrolling Interest Sharing Ratio
2.07% 1.96% 1.91% 1.94% 2.15% 2.05% 2.16% 2.18% 2.39% 2.11% 2.31%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.28 2.47 2.72 2.98 3.12 2.84 3.32 2.22 2.21 2.31 2.35
Quick Ratio
0.48 0.48 0.66 0.78 0.77 0.75 0.83 0.57 0.57 0.64 0.81
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-2.70 -63 -1,325 72 176 252 201 -271 -480 -318 -290
Operating Cash Flow to CapEx
-29.09% 70.09% 96.67% 266.67% -38.16% 196.43% 31.48% 251.85% -86.81% 230.77% 124.55%
Free Cash Flow to Firm to Interest Expense
-0.06 -1.54 -29.44 1.71 4.18 5.59 4.80 -7.14 -14.56 -4.88 -9.06
Operating Cash Flow to Interest Expense
-0.76 2.00 1.93 3.81 -0.69 2.44 0.40 3.58 -2.39 3.69 4.28
Operating Cash Flow Less CapEx to Interest Expense
-3.38 -0.85 -0.07 2.38 -2.50 1.20 -0.88 2.16 -5.15 2.09 0.84
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.50 0.51 0.50 0.48 0.47 0.46 0.46 0.50 0.51 0.56 0.59
Accounts Receivable Turnover
8.72 11.06 9.36 7.80 7.39 8.55 6.47 6.04 6.02 6.85 5.98
Inventory Turnover
1.69 1.72 1.80 1.77 1.79 1.77 2.39 2.52 2.65 2.25 1.83
Fixed Asset Turnover
1.63 1.63 1.66 1.62 1.61 1.56 1.60 1.72 1.78 1.95 2.09
Accounts Payable Turnover
5.81 5.33 6.05 5.59 6.11 5.04 7.68 6.67 7.10 5.68 4.79
Days Sales Outstanding (DSO)
41.87 33.01 39.00 46.77 49.38 42.71 56.44 60.39 60.62 53.26 61.04
Days Inventory Outstanding (DIO)
215.79 211.95 203.21 206.15 204.32 206.27 152.47 145.10 137.52 161.90 199.23
Days Payable Outstanding (DPO)
62.84 68.46 60.32 65.26 59.77 72.37 47.52 54.72 51.38 64.31 76.24
Cash Conversion Cycle (CCC)
194.81 176.50 181.89 187.66 193.93 176.61 161.39 150.78 146.76 150.84 184.03
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
4,542 4,498 4,596 4,537 4,582 4,531 4,621 4,595 4,942 4,777 4,800
Invested Capital Turnover
0.67 0.68 0.67 0.64 0.61 0.61 0.60 0.65 0.68 0.75 0.79
Increase / (Decrease) in Invested Capital
-40 -33 -25 -58 -360 -246 -179 -155 526 391 432
Enterprise Value (EV)
3,980 4,327 4,993 5,115 5,403 4,741 4,662 4,476 4,713 4,388 4,285
Market Capitalization
1,112 1,590 2,310 2,476 2,703 2,146 2,034 1,922 2,120 1,968 1,756
Book Value per Share
$10.60 $11.15 $12.11 $12.02 $11.96 $12.35 $12.71 $13.02 $15.20 $15.26 $14.71
Tangible Book Value per Share
$9.06 $9.61 $10.55 $10.47 $10.42 $10.80 $11.15 $11.45 $13.59 $13.64 $13.08
Total Capital
4,680 4,650 4,764 4,738 4,736 4,804 4,867 4,762 5,057 4,941 4,891
Total Debt
2,974 2,859 2,818 2,807 2,811 2,824 2,831 2,676 2,658 2,538 2,569
Total Long-Term Debt
2,753 2,759 2,767 2,781 2,780 2,786 2,788 2,450 2,458 2,464 2,463
Net Debt
2,836 2,707 2,650 2,606 2,657 2,551 2,585 2,509 2,543 2,374 2,478
Capital Expenditures (CapEx)
110 117 90 60 76 56 54 54 91 104 110
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,315 1,229 1,285 1,305 1,345 1,147 1,286 1,203 1,194 1,020 1,144
Debt-free Net Working Capital (DFNWC)
1,453 1,381 1,453 1,506 1,499 1,420 1,532 1,370 1,309 1,184 1,235
Net Working Capital (NWC)
1,232 1,281 1,402 1,480 1,468 1,382 1,489 1,144 1,109 1,110 1,129
Net Nonoperating Expense (NNE)
68 -66 -1,325 3.82 -176 62 36 -157 21 88 19
Net Nonoperating Obligations (NNO)
2,836 2,707 2,650 2,606 2,657 2,551 2,585 2,509 2,543 2,374 2,478
Total Depreciation and Amortization (D&A)
73 74 72 75 74 72 69 70 73 70 68
Debt-free, Cash-free Net Working Capital to Revenue
43.29% 39.98% 41.67% 44.36% 46.12% 40.25% 45.72% 39.49% 37.35% 29.53% 31.65%
Debt-free Net Working Capital to Revenue
47.83% 44.93% 47.11% 51.19% 51.41% 49.82% 54.46% 44.98% 40.94% 34.28% 34.16%
Net Working Capital to Revenue
40.55% 41.67% 45.46% 50.31% 50.34% 48.49% 52.93% 37.56% 34.69% 32.14% 31.23%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.70) ($0.19) ($0.16) $0.10 ($0.06) ($0.36) ($0.09) ($1.72) $0.15 ($0.07) $0.78
Adjusted Weighted Average Basic Shares Outstanding
158.14M 157.82M 158.10M 158.12M 157.33M 156.40M 156.82M 156.78M 155.18M 154.87M 154.55M
Adjusted Diluted Earnings per Share
($0.70) ($0.19) ($0.16) $0.10 ($0.06) ($0.36) ($0.09) ($1.72) $0.15 ($0.08) $0.77
Adjusted Weighted Average Diluted Shares Outstanding
158.14M 157.82M 158.10M 159.29M 157.33M 156.40M 156.82M 156.78M 156.64M 157.11M 156.95M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
158.46M 157.94M 157.92M 157.92M 157.84M 156.79M 156.79M 156.79M 156.73M 154.50M 154.47M
Normalized Net Operating Profit after Tax (NOPAT)
18 34 38 53 29 5.60 22 59 46 74 142
Normalized NOPAT Margin
2.37% 4.97% 4.70% 6.49% 3.71% 0.82% 3.38% 7.41% 6.44% 11.33% 15.89%
Pre Tax Income Margin
-14.36% 2.22% 0.12% 6.71% 0.26% -4.66% -0.91% 6.68% 4.80% -2.93% 15.75%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-1.57 1.34 0.96 2.26 0.95 0.11 0.76 2.32 1.94 1.17 5.34
NOPAT to Interest Expense
-1.02 -2.34 -30.00 0.33 -4.39 0.12 0.53 -11.22 1.38 1.13 4.44
EBIT Less CapEx to Interest Expense
-4.19 -1.51 -1.04 0.83 -0.86 -1.13 -0.52 0.89 -0.82 -0.43 1.91
NOPAT Less CapEx to Interest Expense
-3.64 -5.20 -32.00 -1.10 -6.20 -1.12 -0.75 -12.64 -1.38 -0.47 1.01
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
-50.64% -148.15% -101.25% -115.94% -25.29% -28.34% -35.29% -71.11% 17.29% 17.40% 12.93%
Augmented Payout Ratio
-50.64% -148.15% -101.25% -115.94% -25.29% -28.34% -35.29% -71.11% 17.29% 27.40% 21.11%

Frequently Asked Questions About Tronox's Financials

When does Tronox's financial year end?

According to the most recent income statement we have on file, Tronox's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Tronox's net income changed over the last 2 years?

Tronox's net income appears to be on a downward trend, with a most recent value of -$54 million in 2024, falling from $500 million in 2022. The previous period was -$314 million in 2023. Check out Tronox's forecast to explore projected trends and price targets.

What is Tronox's operating income?
Tronox's total operating income in 2024 was $219 million, based on the following breakdown:
  • Total Gross Profit: $515 million
  • Total Operating Expenses: $296 million
How has Tronox revenue changed over the last 2 years?

Over the last 2 years, Tronox's total revenue changed from $3.45 billion in 2022 to $3.07 billion in 2024, a change of -11.0%.

How much debt does Tronox have?

Tronox's total liabilities were at $4.25 billion at the end of 2024, a 2.2% increase from 2023, and a 8.8% increase since 2022.

How much cash does Tronox have?

In the past 2 years, Tronox's cash and equivalents has ranged from $151 million in 2024 to $273 million in 2023, and is currently $151 million as of their latest financial filing in 2024.

How has Tronox's book value per share changed over the last 2 years?

Over the last 2 years, Tronox's book value per share changed from 15.26 in 2022 to 11.15 in 2024, a change of -26.9%.



This page (NYSE:TROX) was last updated on 5/29/2025 by MarketBeat.com Staff
From Our Partners