Tronox Holdings plc
TROX · Industrial Inorganic Chemicals · 159.5M shares · +3%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $46M (gross $50M, SBC $4M)
Reference price $6.59 · est. market cap ~$1.1B — last insider sale, 2026-03-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D50World-leading vertically integrated TiO2 producer, but a 2025 loss year with very high leverage and pricing pressure from Chinese capacity.
Strengths
- Global scale, vertical integration, ~1,200 customers and an emerging rare-earth optionality
- Net_income_growth 96.6th and ocf_margin 55.6th; cost program targeting $125-175M savings
Risks
- Net loss of $473M; net margin -16% (20th), operating margin -8.7% (20th), ROE -33% (9.1st)
- Net debt/EBITDA 9.0x with $3.2B debt; dividend cut 60% to preserve liquidity
- Cyclical demand, Chinese oversupply, falling selling prices and weak gross margin (9.3%, 12.5th)
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
9.3%
Operating margin
-8.7%
Net margin
-16.2%
Return on equity
-33.1%
Return on assets
-7.6%
Revenue growth (QoQ)
4.1%
Current ratio
2.5×
EBITDA
$49M
Tangible book value
$1.2B
Cash & investments
$199M
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-28 | Jones Stephen J | Grant | 16K | — |
| 2026-04-28 | JONES GINGER M | Tax withheld | 3.3K | $9.79 |
| 2026-04-28 | Jones Stephen J | Tax withheld | 2.9K | $9.79 |
| 2026-04-28 | JONES GINGER M | Grant | 16K | — |
| 2026-04-28 | KAUFTHAL ILAN | Tax withheld | 4.0K | $9.79 |
| 2026-04-28 | KAUFTHAL ILAN | Grant | 16K | — |
| 2026-04-28 | Nkosi Sipho Abednego | Tax withheld | 1.7K | $9.79 |
| 2026-04-28 | Nkosi Sipho Abednego | Grant | 16K | — |
| 2026-04-28 | Turgeon Jean Francois | Tax withheld | 15K | $9.79 |
| 2026-04-28 | Turgeon Jean Francois | Grant | 16K | — |
| 2026-04-28 | Johnston Peter | Tax withheld | 2.7K | $9.79 |
| 2026-04-28 | Johnston Peter | Grant | 16K | — |
| 2026-04-28 | Khan Moazzam A. | Tax withheld | 16K | $9.79 |
| 2026-04-28 | Khan Moazzam A. | Grant | 16K | — |
| 2026-03-06 | Turgeon Jean Francois | Sell | 19K | $6.60 |
| 2026-03-06 | Romano John D | Sell | 102K | $6.59 |
| 2026-03-06 | Srivisal John | Sell | 19K | $6.59 |
| 2026-03-06 | Neuman Jeffrey N | Sell | 23K | $6.59 |
| 2026-03-06 | Engle Jeffrey A. | Sell | 15K | $6.60 |
| 2026-03-06 | Flood Jonathan | Sell | 8.0K | $6.58 |
| 2026-03-05 | Flood Jonathan | Sell | 7.0K | $7.55 |
| 2026-02-11 | Engle Jeffrey A. | Grant | 43K | — |
| 2026-02-11 | Neuman Jeffrey N | Grant | 64K | — |
| 2026-02-11 | Romano John D | Grant | 342K | — |
| 2026-02-11 | Flood Jonathan | Grant | 19K | — |
| 2026-02-11 | Flood Jonathan | Grant | 37K | — |
| 2026-02-11 | Srivisal John | Grant | 62K | — |
| 2025-08-12 | Johnston Peter | Buy | 20K | $3.21 |
| 2025-08-07 | Turgeon Jean Francois | Buy | 19K | $3.22 |
| 2025-08-07 | Turgeon Jean Francois | Buy | 12K | $3.20 |
| 2025-08-07 | Jones Stephen J | Buy | 8.0K | $3.19 |
| 2025-08-06 | Jones Stephen J | Buy | 7.0K | $3.20 |
| 2025-08-05 | Jones Stephen J | Buy | 6.0K | $3.32 |
| 2025-08-01 | Srivisal John | Buy | 37K | $3.39 |
| 2025-08-01 | Engle Jeffrey A. | Buy | 13K | $3.07 |
| 2025-08-01 | Romano John D | Buy | 100K | $3.09 |
| 2025-05-07 | Khan Moazzam A. | Tax withheld | 5.1K | $4.91 |
| 2025-05-07 | Khan Moazzam A. | Grant | 27K | — |
| 2025-05-07 | Jones Stephen J | Tax withheld | 721 | $4.91 |
| 2025-05-07 | Jones Stephen J | Grant | 27K | — |
| 2025-05-07 | Foufopoulos - De Ridder Lucrece | Tax withheld | 1.2K | $4.91 |
| 2025-05-07 | Foufopoulos - De Ridder Lucrece | Grant | 27K | — |
| 2025-05-07 | JONES GINGER M | Tax withheld | 721 | $4.91 |
| 2025-05-07 | JONES GINGER M | Grant | 27K | — |
| 2025-05-07 | KAUFTHAL ILAN | Tax withheld | 1.1K | $4.91 |
| 2025-05-07 | KAUFTHAL ILAN | Grant | 27K | — |
| 2025-05-07 | Johnston Peter | Tax withheld | 589 | $4.91 |
| 2025-05-07 | Johnston Peter | Grant | 27K | — |
| 2025-05-07 | BECK JULIE A | Grant | 33K | — |
| 2025-05-07 | Nkosi Sipho Abednego | Tax withheld | 1.1K | $4.91 |
| 2025-05-07 | Nkosi Sipho Abednego | Grant | 27K | — |
| 2025-05-07 | Turgeon Jean Francois | Tax withheld | 5.2K | $4.91 |
| 2025-05-07 | Turgeon Jean Francois | Grant | 27K | — |
| 2025-05-07 | Neuman Jeffrey N | Buy | 10K | $4.89 |
| 2025-03-18 | Jones Stephen J | Buy | 30K | $7.17 |
| 2025-03-05 | Romano John D | Tax withheld | 50K | $7.23 |
| 2025-03-05 | Turgeon Jean Francois | Tax withheld | 25K | $7.23 |
| 2025-03-05 | Srivisal John | Tax withheld | 11K | $7.23 |
| 2025-03-05 | Flood Jonathan | Tax withheld | 4.6K | $7.23 |
| 2025-03-05 | Neuman Jeffrey N | Tax withheld | 16K | $7.23 |
| 2025-03-05 | Engle Jeffrey A. | Tax withheld | 8.8K | $7.23 |
| 2025-02-19 | Flood Jonathan | Grant | 19K | — |
| 2025-02-19 | Romano John D | Grant | 341K | — |
| 2025-02-19 | Neuman Jeffrey N | Grant | 66K | — |
| 2025-02-19 | Srivisal John | Grant | 65K | — |
| 2025-02-19 | Engle Jeffrey A. | Grant | 45K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-07 | 2026-05-06 | 0001140361-26-019589 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001530804-26-000010 ↗ |
| 8-K | 2026-04-29 | 2026-04-28 | 0001140361-26-017851 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0001140361-26-017487 ↗ |
| 10-K | 2026-02-20 | 2025-12-31 | 0001530804-26-000006 ↗ |
| 8-K | 2026-02-19 | 2026-02-18 | 0001140361-26-006120 ↗ |
| 8-K | 2026-02-11 | 2026-02-11 | 0001140361-26-004821 ↗ |
| 8-K | 2026-01-26 | 2026-01-26 | 0001140361-26-002398 ↗ |
| 8-K | 2025-11-06 | 2025-11-05 | 0001140361-25-040677 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001530804-25-000019 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0001140361-25-039720 ↗ |
| 8-K | 2025-09-26 | 2025-09-26 | 0001140361-25-036224 ↗ |