TRONOX HOLDINGS PLC (TROX)
Materials · Titanium dioxide pigment manufacturing and mineral sands mining · NYSE
Vertically integrated TiO2 pigment producer mining to finished product, pursuing low-cost positioning and rare earth oxides extraction from existing mineral resources.
What TRONOX HOLDINGS PLC does
Tronox is the world's leading vertically integrated manufacturer of titanium dioxide (TiO2) pigment, operating titanium-bearing mineral sand mines and processing facilities across Australia, South Africa, and the United States. The company produces TiO2 pigment and high-purity titanium chemicals through a vertically integrated value chain spanning mining, beneficiation, smelting, and pigment production at seven global facilities. As a byproduct of its mining and processing operations, Tronox also produces zircon, pig iron, and monazite (a rare-earth-bearing mineral), which it supplies to customers worldwide.
Themes: ["Titanium dioxide pigment production","Vertical integration / mining to finished product","Rare earth elements / rare earth oxides","Mineral sands mining","Critical minerals","Cost leadership / operational excellence"]
Fundamentals
- Price$6.11 as of 2026-07-09 close
- Market cap$984M as of 2026-07-10
- 1-year return+11.5% as of 2026-07-09 close
- Net margin-15.8% as of 2026-07-10
- Gross margin+9.1% as of 2026-07-10
- ROE-31.3% as of 2026-07-10
- Debt / equity2.56 as of 2026-07-10
- Revenue growth (YoY)-3.9% as of 2026-07-10
- Revenue CAGR (3y)-5.7% SEC XBRL
- Beta0.78 as of 2026-07-10
Dividend: yield +3.3%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Significant operating losses (-$104M net loss in Q1 2026) and negative net margin (-15.82%) despite modest revenue, driven by weak TiO2 pricing and high debt servicing costs ($53M interest expense in Q1 2026).","High debt burden ($3.1B long-term debt at March 31, 2026) with limited liquidity ($126M cash) creates refinancing and solvency risk in a cyclical industry.","Operating facilities in multiple geographies (US, Australia, Brazil, UK, France, Saudi Arabia) expose the company to commodity price volatility, supply chain disruption, and execution risk on major mining projects (Fairbreeze extension, Namakwa East commissioning)."]
Competitors & peers
- Venator Materials (VNTR)
- Kronos Worldwide
- Chemours (CC)
- Huntsman (HUN)
- Albemarle (ALB)
- Tronox's primary TiO2 competitors (not all publicly listed)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.