Valhi Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,077	2,105	1,922	2,223	2,296
Revenue Growth (YoY)	-1.32%	9.53%	-13.53%	-3.22%	24.15%
Cost of Revenue	1,782	1,680	1,677	1,732	1,716
Gross Profit	295.4	424.5	245.2	490.4	580.2
Selling, General & Admin	312.3	256.2	277.4	304	311.9
Other Operating Expenses	37.3	65	14.4	32.3	17
Total Operating Expenses	349.6	321.2	291.8	336.3	328.9
Operating Income	-54.2	103.3	-46.6	154.1	251.3
Interest Expense	-57.1	-49.9	-28.3	-27.9	-32.5
Other Non-Operating Income (Expense)	59.1	61.8	55.4	43.7	39
Total Non-Operating Income (Expense)	2	11.9	27.1	15.8	6.5
Pretax Income	-43	244.2	-19.5	169.9	257.8
Provision for Income Taxes	11.9	82.9	-24.6	36.8	60.1
Net Income	-57.6	108	-9.9	87.2	127.2
Minority Interest in Earnings	2.7	53.3	15	45.9	70.5
Net Income to Common	-57.6	108	-9.9	87.2	127.2
Net Income Growth	-	-	-	-31.45%	130.44%
Shares Outstanding (Basic)	29	29	29	29	29
Shares Outstanding (Diluted)	29	29	29	29	29
EPS (Basic)	-2.02	3.79	-0.35	3.06	4.46
EPS (Diluted)	-2.02	3.79	-0.35	3.06	4.46
EPS Growth	-	-	-	-31.39%	129.90%
Free Cash Flow	-82.1	13.1	-44.6	-32.7	395.6
Free Cash Flow Growth	-	-	-	-	356.29%
Free Cash Flow Per Share	-2.88	0.46	-1.56	-1.15	13.88
Dividends Per Share	-	0.320	0.320	0.320	0.320
Dividend Growth	-	-	-	-	-33.33%
Gross Margin	14.22%	20.17%	12.76%	22.07%	25.27%
Operating Margin	-2.61%	4.91%	-2.42%	6.93%	10.94%
Profit Margin	-2.64%	7.66%	0.27%	5.99%	8.61%
FCF Margin	-3.95%	0.62%	-2.32%	-1.47%	17.23%
EBITDA	12.2	170	7.5	212.6	310.6
EBITDA Margin	0.59%	8.08%	0.39%	9.57%	13.53%
EBIT	-54.2	103.3	-46.6	154.1	251.3
EBIT Margin	-2.61%	4.91%	-2.42%	6.93%	10.94%
Effective Tax Rate	-27.67%	33.95%	126.15%	21.66%	23.31%

Updated Mar 10, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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