VALHI INC /DE/ VHI
Last close
17.83
2026-09-04
Market cap
$505.0M
2026-06-30 share count
52-week range
11.44 - 19.19
Valuation FY2025 figures against the last close
P/S0.2x
P/E—
P/FCF—
EV/EBITDA8.0x
Dividend yield1.8%
Diluted EPS-2.02
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.08B | $2.10B | $1.92B | $2.22B | $2.30B | $1.85B | $1.90B | $1.82B | $1.88B | $1.52B |
| Cost of revenue | $1.78B | $1.68B | $1.68B | $1.73B | $1.72B | $1.44B | $1.46B | $1.21B | $1.27B | $1.21B |
| Gross profit | $295.4M | $424.5M | $245.2M | $490.4M | $580.2M | $412.1M | $434.6M | $609.2M | $612.9M | $307.9M |
| R&D | $17.0M | $14.0M | $18.0M | $16.0M | $17.0M | $16.0M | $17.0M | $16.0M | $19.0M | $13.0M |
| SG&A | $312.3M | $256.2M | $277.4M | $304.0M | $311.9M | $283.6M | $294.2M | $310.0M | $262.6M | $232.6M |
| Total operating expenses | $2.18B | $1.92B | $2.00B | $2.10B | $2.08B | $1.78B | $1.83B | $1.65B | $1.61B | $1.52B |
| Operating income | $63.3M | $210.7M | $34.2M | $239.4M | $318.6M | $186.1M | $192.7M | $370.7M | $380.3M | $119.2M |
| Interest expense | $57.1M | $49.9M | $28.3M | $27.9M | $32.5M | $36.2M | $40.8M | $55.7M | $58.9M | $58.1M |
| Pre-tax income | -$43.0M | $244.2M | -$19.5M | $169.9M | $257.8M | $100.6M | $104.7M | $236.2M | $291.8M | $39.6M |
| Income tax | $11.9M | $82.9M | $24.6M | $36.8M | $60.1M | $15.9M | $26.5M | $30.7M | $120.0M | $18.6M |
| Net income | -$57.6M | $108.0M | -$9.9M | $87.2M | $127.2M | $55.2M | $49.2M | $262.2M | $207.5M | -$15.9M |
| EPS, basic | -2.02 | 3.79 | -0.35 | 3.06 | 4.46 | 1.94 | 1.73 | — | — | — |
| EPS, diluted | -2.02 | 3.79 | -0.35 | 3.06 | 4.46 | 1.94 | 1.73 | 9.20 | 0.61 | -0.05 |
| Shares, diluted (wtd. avg.) | $28 | $28 | $28 | $28 | $28.5M | $28.5M | $28.5M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $214.0M | $348.3M | $407.0M | $478.5M | $698.4M | $518.6M | $523.8M | $499.8M | $435.7M | $159.7M |
| Short-term investments | $2.9M | $1.9M | $56.1M | $75.1M | $2.6M | $4.4M | $2.1M | $2.5M | $3.0M | — |
| Inventory | $659.8M | $685.8M | $596.1M | $640.8M | $458.7M | $538.2M | $522.1M | $515.8M | $398.4M | $359.2M |
| Total current assets | $1.26B | $1.45B | $1.48B | $1.59B | $1.67B | $1.45B | $1.43B | $1.41B | $1.26B | $837.4M |
| Property, plant and equipment | $751.6M | $723.4M | $517.3M | $523.8M | $563.6M | $590.4M | $563.0M | $563.5M | $588.7M | $516.0M |
| Goodwill | $382.3M | $382.3M | $379.7M | $379.7M | $379.7M | $379.7M | $379.7M | $379.7M | $379.7M | $379.7M |
| Total assets | $2.63B | $2.80B | $2.74B | $2.84B | $3.01B | $2.89B | $2.79B | $2.71B | $2.91B | $2.44B |
| Accounts payable | $231.3M | $250.0M | $228.5M | $199.4M | $152.7M | $117.6M | $144.7M | $111.5M | $116.1M | $92.8M |
| Total current liabilities | $449.3M | $643.8M | $507.1M | $492.8M | $463.5M | $318.1M | $322.5M | $351.0M | $331.1M | $294.1M |
| Retained earnings | $508.0M | $574.7M | $475.8M | $482.3M | $401.1M | $282.9M | $239.4M | $220.3M | -$17.9M | -$198.5M |
| Total equity | $1.02B | $1.04B | $1.28B | $1.32B | $1.17B | $1.01B | $980.1M | $989.0M | $766.7M | $444.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$35.5M | $44.0M | $3.9M | $34.9M | $459.7M | $152.2M | $177.2M | $165.5M | $259.3M | $79.8M |
| Capital expenditure | $46.6M | $30.9M | $48.5M | $67.6M | $64.1M | $65.5M | $59.9M | $61.4M | $71.3M | $58.9M |
| Investing cash flow | -$47.8M | -$125.0M | -$29.0M | -$146.7M | -$37.4M | -$57.0M | -$50.7M | -$57.0M | -$74.4M | -$61.6M |
| Financing cash flow | -$71.1M | -$2.3M | -$75.9M | -$114.0M | -$189.1M | -$122.5M | -$64.1M | -$59.8M | $93.6M | -$45.5M |
| Dividends paid | $9.1M | $9.1M | $9.1M | $9.0M | $9.0M | $13.6M | $27.1M | $27.1M | $27.2M | $27.1M |
| Buybacks | — | — | $2.9M | $4.0M | $1.5M | $1.0M | $3.1M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-025847.
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