VALHI INC /DE/
VHI · Industrial Inorganic Chemicals · 28.3M shares · +0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $3M (gross $3M)
Reference price $17.50 · est. market cap ~$495M — last insider purchase, 2025-03-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D50TiO2-heavy holding company posting a net loss with negative free cash flow and razor-thin interest coverage in a cyclical down-year.
Strengths
- Adequate liquidity (current ratio 2.8, 81.8th) and ~10.9 quarters cash runway
- Diversified across chemicals, component products and Nevada real estate
- Operating margin still positive (3.0%, 60th pct)
Risks
- Net loss of $57.6M, ROE -5.6%, negative FCF (-$82M, 10.6th pct)
- Interest coverage only 1.1x; bottom-decile net income growth amid TiO2 price weakness and Chinese competition
- Controlled (~91%) holding-company structure limits minority influence
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -2.8%)
- Cash burnNegative free cash flow (-82.1M)
- Strong balance sheetStrong balance sheet — $223M cash & investments, ~11 quarters of runway
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
14.2%
Operating margin
3.0%
Net margin
-2.8%
Return on equity
-5.6%
Return on assets
-2.2%
Revenue growth (QoQ)
13.3%
Net-income growth
-153.3%
Interest coverage
1.1×
Current ratio
2.8×
Free cash flow
-$82M
EBITDA
$130M
Tangible book value
$641M
Cash & investments
$223M
Cash runway
11q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-21 | Hill Randy L | Grant | 3.1K | $12.66 |
| 2026-05-21 | Norris Gina A. | Grant | 3.1K | $12.66 |
| 2026-05-21 | Tidlund Mary A. | Grant | 3.1K | $12.66 |
| 2026-05-21 | Feehan Loretta J. | Grant | 3.1K | $12.66 |
| 2026-05-21 | Herrington Terri | Grant | 3.1K | $12.66 |
| 2026-05-21 | BARRY THOMAS E | Grant | 3.1K | $12.66 |
| 2025-05-22 | Norris Gina A. | Grant | 1.2K | $15.74 |
| 2025-05-22 | MCILROY W HAYDEN | Grant | 1.2K | $15.74 |
| 2025-05-22 | Herrington Terri | Grant | 1.2K | $15.74 |
| 2025-05-22 | Feehan Loretta J. | Grant | 1.2K | $15.74 |
| 2025-05-22 | Tidlund Mary A. | Grant | 1.2K | $15.74 |
| 2025-05-22 | BARRY THOMAS E | Grant | 1.2K | $15.74 |
| 2025-03-11 | Hanley Bryan A. | Buy | 250 | $17.50 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-22 | Exec/director change | filing ↗ |
| 2026-05-21 | Exec/director changeShareholder voteReg FDExhibits | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-03-10 | ResultsExhibits | filing ↗ |
| 2026-03-05 | Reg FDExhibits | filing ↗ |
| 2025-12-15 | Exec/director change | filing ↗ |
| 2025-11-06 | ResultsReg FDExhibits | filing ↗ |
| 2025-09-15 | Material agreementDebt obligationExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-22 | 2026-06-17 | 0000059255-26-000030 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0000059255-26-000027 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0000059255-26-000020 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001104659-26-057165 ↗ |
| 8-K | 2026-03-10 | 2026-03-10 | 0000059255-26-000007 ↗ |
| 10-K | 2026-03-10 | 2025-12-31 | 0001104659-26-025847 ↗ |
| 8-K | 2026-03-05 | 2026-03-05 | 0000059255-26-000003 ↗ |
| 8-K | 2025-12-15 | 2025-12-09 | 0000059255-25-000081 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001104659-25-107777 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0000059255-25-000077 ↗ |
| 8-K | 2025-09-15 | 2025-09-15 | 0000059255-25-000074 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0000059255-25-000071 ↗ |