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Employees: 5,750
Size Tronox (TROX) is a United States Materials company (Chemicals: Specialty) with a market value of $401M, the 2858th largest of 3,117 United States companies the cockpit tracks. Shares closed at $2.51 on 6 Nov 2026.
Performance Over six months the shares fell 71.5%, against -21.6% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 3.5% over the last twelve months (peer median +7.9%); the operating margin is -3.4% (peer median 8.4%).
Valuation It trades at 1.2× enterprise value to sales against a peer median of 3.0× (6th cheapest of 21).
Capital Return on invested capital runs 7.7 points below its cost of capital (5.9% WACC).
Credit Tronox has 1 bond outstanding ($400M), rated B by the agencies and trading like B- at a weighted spread of 661 bp.
Short interest Short interest is 11.7% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.05B | $2.89B | $3.07B | $2.85B | $3.45B |
| Revenue growth | — | -6% | +8% | -17% | — |
| Gross profit | $160M | $229M | $484M | $439M | $777M |
| EBITDA | $215M | $293M | $523M | $485M | $802M |
| Net income | -$549M | -$470M | -$48.0M | -$316M | $497M |
| Free cash flow | -$158M | -$281M | -$70.0M | -$77.0M | $170M |
| Capital expenditure | $260M | $341M | $370M | $261M | $428M |
| Total debt | $3.47B | $3.44B | $2.99B | $2.95B | $2.67B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TROX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -33.6% | -12.1% | 2nd lowest of 21 |
| 6-month return | -71.5% | -21.6% | lowest of 20 |
| Distance from 52-week high | -76.3% | -35.9% | lowest of 21 |
| Revenue growth (TTM) | +3.5% | +7.9% | 10th lowest of 21 |
| Operating margin | -3.4% | 8.4% | 4th lowest of 21 |
| EV / Sales | 1.2× | 3.0× | 6th cheapest of 21 |
| ROIC minus cost of capital | -7.7 pp | -3.7 pp | 3rd lowest of 19 |
| EV / EBITDA | 17.2× | 16.2× | 4th most expensive of 8 |
| Net debt / EBITDA | 15.2× | 2.0× | 2nd most indebted of 9 |
| Bond spread | 661 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tronox TROX | United States | $401M | -72% | +4% | -3% | 1.2× | n/a | n/a |
| Nantex Industry 2108.TW | Taiwan | $401M | 0% | -3% | 13% | 0.4× | n/a | n/a |
| Qualipoly Chemical 4722.TW | Taiwan | $402M | -32% | -4% | 8% | 4.5× | n/a | n/a |
| Rayonier Advanced Materials RYAM | United States | $399M | -36% | +2% | 0% | 0.8× | 32.2% | +1.8% |
| Trust Chem 001335.SZ | China | $399M | -39% | +5% | 7% | 2.0× | 25.0% | +5.6% |
| Shaoxing Xingxin New Material 001358.SZ | China | $398M | -25% | -8% | 9% | 4.3× | n/a | n/a |
| Tatva Chintan Pharma Chem TATVA.NS | India | $398M | +18% | +50% | 13% | 6.0× | n/a | n/a |
| Oriental Union Chemical 1710.TW | Taiwan | $406M | +22% | -13% | -4% | 1.5× | n/a | n/a |
| Luoyang Jianlong Micro-nano New Materials 688357.SS | China | $393M | -28% | +12% | 13% | 3.0× | 8.5% | +13.2% |
| Vishnu Chemicals VISHNU.NS | India | $393M | -8% | +14% | 13% | 2.5× | n/a | n/a |
| Jiangsu Jiuwu Hi-Tech 300631.SZ | China | $389M | -26% | +15% | 10% | 3.2× | 17.1% | +3.5% |
| KPIC 006650.KS | South Korea | $387M | -53% | +11% | 4% | 0.1× | -17.8% | +12.2% |
| Shandong Keyuan Pharmaceutical 301281.SZ | China | $387M | +9% | +33% | 15% | 4.3× | n/a | n/a |
| Shanxi Yongdong Chemistry Industry 002753.SZ | China | $386M | -19% | +18% | 1% | 0.8× | n/a | n/a |
| Koatsu Gas Kogyo 4097.T | Japan | $416M | +8% | +1% | 6% | 0.5× | -9.1% | +5.1% |
| Jiangsu Yida Chemical 300721.SZ | China | $386M | -22% | +40% | 2% | 1.6× | 12.8% | +9.7% |
| Steamhouse India STEAMHOUSE.NS | India | $384M | n/a | +24% | 14% | 7.7× | n/a | n/a |
| Aduro Clean Technologies ACT.TO | Canada | $383M | -15% | -44% | -13,483% | 3,841.5× | n/a | n/a |
| Jinsanjiang (Zhaoqing) Silicon Material 301059.SZ | China | $381M | -24% | +27% | 20% | 4.7× | 8.5% | +18.0% |
| Danhua Chemical Technology 600844.SS | China | $379M | -25% | -6% | -9% | 3.5× | n/a | n/a |
| China Man-Made Fiber 1718.TW | Taiwan | $377M | +43% | -12% | 38% | 2.9× | -4.6% | +11.4% |
Tronox has 1 bond outstanding with $400M face value. The agencies rate it B; its bonds trade like B-. Weighted yield 11.18%, a spread of 661 bp over government bonds.