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Tronox Holdings plc (TROX) Stock Fundamental Analysis & AI Rating 2026

TROX NYSE Industrial Inorganic Chemicals X0 CIK: 0001530804
Recently Updated • Analysis: Apr 17, 2026 • SEC Data: 2025-12-31
STRONG SELL
95% Conf
Pending
Analysis scheduled

📊 TROX Key Takeaways

Revenue: $2.9B
Net Margin: -16.2%
Free Cash Flow: $-281.0M
Current Ratio: 2.46x
Debt/Equity: 2.27x
EPS: $-2.97
AI Rating: STRONG SELL with 95% confidence
Tronox Holdings plc (TROX) receives a STRONG SELL rating with 95% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $2.9B, net profit margin of -16.2%, and return on equity (ROE) of -33.1%, Tronox Holdings plc demonstrates mixed fundamentals in the Materials sector. Below is our complete TROX stock analysis for 2026.

Is Tronox Holdings plc (TROX) a Good Investment?

Claude

Tronox is in severe financial distress with negative operating income (-$253M), negative free cash flow (-$281M), and unsustainable high leverage (2.27x D/E) with negative interest coverage (-1.4x). The company cannot service its debt from operations, revenue is declining 5.7% YoY, and massive capex ($341M) exceeds OCF, creating an imminent liquidity crisis.

Why Buy Tronox Holdings plc Stock? TROX Key Strengths

Claude
  • + Positive operating cash flow of $60M despite net losses
  • + Current ratio of 2.46x indicates manageable short-term liquidity
  • + Continued revenue base of $2.9B in industrial chemicals sector

TROX Stock Risks: Tronox Holdings plc Investment Risks

Claude
  • ! Operating income of -$253M and net income of -$470M indicate severe operational collapse
  • ! Negative free cash flow of -$281M while burning $341M in capex is unsustainable
  • ! Debt-to-equity of 2.27x with negative interest coverage (-1.4x) means debt cannot be serviced from operations
  • ! Revenue declining 5.7% YoY with deteriorating margins (9.3% gross margin, -8.7% operating margin)
  • ! Minimal cash buffer ($199M) relative to $3.2B long-term debt creates refinancing risk

Key Metrics to Watch

Claude
  • * Free cash flow trend and cash runway
  • * Operating margin recovery pathway
  • * Debt refinancing and covenant compliance status
  • * Revenue stabilization and pricing power

Tronox Holdings plc (TROX) Financial Metrics & Key Ratios

Revenue
$2.9B
Net Income
$-470.0M
EPS (Diluted)
$-2.97
Free Cash Flow
$-281.0M
Total Assets
$6.2B
Cash Position
$199.0M

💡 AI Analyst Insight

Strong liquidity with a 2.46x current ratio provides a solid financial cushion.

TROX Profit Margin, ROE & Profitability Analysis

Gross Margin 9.3%
Operating Margin -8.7%
Net Margin -16.2%
ROE -33.1%
ROA -7.6%
FCF Margin -9.7%

TROX vs Materials Sector: How Tronox Holdings plc Compares

How Tronox Holdings plc compares to Materials sector averages

Net Margin
TROX -16.2%
vs
Sector Avg 10.0%
TROX Sector
ROE
TROX -33.1%
vs
Sector Avg 14.0%
TROX Sector
Current Ratio
TROX 2.5x
vs
Sector Avg 1.6x
TROX Sector
Debt/Equity
TROX 2.3x
vs
Sector Avg 0.6x
TROX Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Tronox Holdings plc Stock Overvalued? TROX Valuation Analysis 2026

Based on fundamental analysis, Tronox Holdings plc shows some fundamental concerns relative to the Materials sector in 2026.

Return on Equity
-33.1%
Sector avg: 14%
Net Profit Margin
-16.2%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
2.27x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Tronox Holdings plc Balance Sheet: TROX Debt, Cash & Liquidity

Current Ratio
2.46x
Quick Ratio
0.67x
Debt/Equity
2.27x
Debt/Assets
76.7%
Interest Coverage
-1.37x
Long-term Debt
$3.2B

TROX Revenue & Earnings Growth: 5-Year Financial Trend

TROX 5-year financial data: Year 2021: Revenue $3.6B, Net Income -$109.0M, EPS $-0.78. Year 2022: Revenue $3.6B, Net Income $969.0M, EPS $6.69. Year 2023: Revenue $3.6B, Net Income $286.0M, EPS $1.81. Year 2024: Revenue $3.5B, Net Income $497.0M, EPS $3.16. Year 2025: Revenue $3.1B, Net Income -$316.0M, EPS $-2.02.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Tronox Holdings plc's revenue has declined by 14% over the 5-year period, indicating business contraction. The most recent EPS of $-2.02 indicates the company is currently unprofitable.

TROX Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-9.7%
Free cash flow / Revenue

TROX Quarterly Earnings & Performance

Quarterly financial performance data for Tronox Holdings plc including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $699.0M -$18.0M $-0.11
Q2 2025 $731.0M $7.0M $0.04
Q1 2025 $738.0M -$9.0M $-0.06
Q3 2024 $662.0M -$14.0M $-0.09
Q2 2024 $794.0M $7.0M $0.04
Q1 2024 $708.0M -$9.0M $-0.06
Q3 2023 $662.0M -$14.0M $-0.09
Q2 2023 $794.0M -$246.0M $-1.58

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Tronox Holdings plc Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$60.0M
Cash generated from operations
Capital Expenditures
$341.0M
Investment in assets
Dividends Paid
$48.0M
Returned to shareholders

TROX SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Tronox Holdings plc (CIK: 0001530804)

📋 Recent SEC Filings

Date Form Document Action
Mar 19, 2026 DEF 14A ny20056868x1_def14a.htm View →
Mar 9, 2026 4 xslF345X05/form4.xml View →
Mar 9, 2026 4 xslF345X05/form4.xml View →
Mar 9, 2026 4 xslF345X05/form4.xml View →
Mar 9, 2026 4 xslF345X05/form4.xml View →

Frequently Asked Questions about TROX

What is the AI rating for TROX?

Tronox Holdings plc (TROX) has an AI rating of STRONG SELL with 95% confidence, based on fundamental analysis of SEC EDGAR filings.

What are TROX's key strengths?

Claude: Positive operating cash flow of $60M despite net losses. Current ratio of 2.46x indicates manageable short-term liquidity.

What are the risks of investing in TROX?

Claude: Operating income of -$253M and net income of -$470M indicate severe operational collapse. Negative free cash flow of -$281M while burning $341M in capex is unsustainable.

What is TROX's revenue and growth?

Tronox Holdings plc reported revenue of $2.9B.

Does TROX pay dividends?

Tronox Holdings plc pays dividends, with $48.0M distributed to shareholders in the trailing twelve months.

Where can I find TROX SEC filings?

Official SEC filings for Tronox Holdings plc (CIK: 0001530804) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is TROX's EPS?

Tronox Holdings plc has a diluted EPS of $-2.97.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is TROX a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Tronox Holdings plc has a STRONG SELL rating with 95% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is TROX stock overvalued or undervalued?

Valuation metrics for TROX: ROE of -33.1% (sector avg: 14%), net margin of -16.2% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy TROX stock in 2026?

Our dual AI analysis gives Tronox Holdings plc a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is TROX's free cash flow?

Tronox Holdings plc's operating cash flow is $60.0M, with capital expenditures of $341.0M. FCF margin is -9.7%.

How does TROX compare to other Materials stocks?

Vs Materials sector averages: Net margin -16.2% (avg: 10%), ROE -33.1% (avg: 14%), current ratio 2.46 (avg: 1.6).

Is Tronox Holdings plc carrying too much debt?

TROX has a debt-to-equity ratio of 2.27x, which is above the Materials sector average of 0.6x. However, the current ratio of 2.46 suggests adequate short-term liquidity.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 17, 2026 | Data as of: 2025-12-31 | Powered by Claude AI