Valhi, Inc. (VHI)
NYSE: VHI · Real-Time Price · USD
16.34
+0.12 (0.74%)
At close: Nov 10, 2026, 4:00 PM EST
16.26
-0.08 (-0.49%)
After-hours: Nov 10, 2026, 7:00 PM EST
Valhi Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Net Income | 1.3 | -57.6 | 108 | -9.9 | 87.2 | 127.2 |
Depreciation & Amortization | 68.4 | 66.4 | 66.7 | 54.1 | 58.5 | 57.8 |
Loss (Gain) From Sale of Assets | -5.8 | - | -0.5 | -1.5 | - | -16 |
Asset Writedown & Restructuring Costs | 0.1 | - | - | 3.8 | 16.4 | 1.5 |
Loss (Gain) From Sale of Investments | - | - | -64.5 | - | - | - |
Loss (Gain) on Equity Investments | - | - | -2.7 | 3.1 | -10.5 | 3.8 |
Other Operating Activities | 23.8 | 15.2 | 97.8 | -33.3 | 60.3 | 99.2 |
Change in Accounts Receivable | -76.9 | 37.1 | -16.7 | -44.6 | 81.1 | -64.6 |
Change in Inventory | 179.2 | 79.9 | -35.7 | 57.5 | -182.8 | 107.9 |
Change in Accounts Payable | -66.8 | -106.3 | -60.2 | 11.2 | 3.9 | 154.3 |
Change in Income Taxes | 4.4 | -11.8 | 9.2 | 9.3 | -0.5 | -1.6 |
Change in Other Net Operating Assets | 44.6 | -58.4 | -57.4 | -45.8 | -78.7 | -9.8 |
Operating Cash Flow | 172.3 | -35.5 | 44 | 3.9 | 34.9 | 459.7 |
Operating Cash Flow Growth | - | - | 1028.20% | -88.83% | -92.41% | 202.04% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -53.7 | -46.6 | -30.9 | -48.5 | -67.6 | -64.1 |
Cash Acquisitions | - | - | -156.8 | - | - | - |
Sale (Purchase) of Real Estate | - | - | 5.6 | 1.8 | - | 23.4 |
Investment in Securities | -0.8 | -1.2 | 54.3 | 19.3 | -70.7 | 1.2 |
Other Investing Activities | - | - | 2.8 | -1.6 | -8.4 | 2.1 |
Investing Cash Flow | -47.7 | -47.8 | -125 | -29 | -146.7 | -37.4 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 726.5 | 292.5 | - | - | - |
Long-Term Debt Repaid | - | -759.5 | -251.1 | -29.8 | -62 | -102.3 |
Net Debt Issued (Repaid) | -90.3 | -33 | 41.4 | -29.8 | -62 | -102.3 |
Common Dividends Paid | -9.1 | -9.1 | -9.1 | -9.1 | -9 | -9 |
Other Financing Activities | -20.4 | -29 | -34.6 | -37 | -43 | -77.8 |
Financing Cash Flow | -119.8 | -71.1 | -2.3 | -75.9 | -114 | -189.1 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 0.2 | 4.5 | -0.1 | 1 | -5.1 | -10.6 |
Net Cash Flow | 5 | -149.9 | -83.4 | -100 | -230.9 | 222.6 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 118.6 | -82.1 | 13.1 | -44.6 | -32.7 | 395.6 |
Free Cash Flow Growth | - | - | - | - | - | 356.29% |
Free Cash Flow Margin | 5.27% | -3.95% | 0.62% | -2.32% | -1.47% | 17.23% |
Free Cash Flow Per Share | 4.15 | -2.88 | 0.46 | -1.56 | -1.15 | 13.88 |
Levered Free Cash Flow | 180.08 | -74.53 | 105.59 | 19.13 | 58.08 | 245.91 |
Unlevered Free Cash Flow | 216.58 | -38.84 | 136.78 | 36.81 | 75.51 | 266.23 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 59.3 | 51.8 | 45.1 | 26.6 | 25.8 | 29.2 |
Cash Income Tax Paid | 24.7 | 52.1 | 41.8 | 27.4 | 43.7 | 65.9 |
Change in Working Capital | 84.5 | -59.5 | -160.8 | -12.4 | -177 | 186.2 |