Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.88B | $1.82B | $1.90B | $1.85B | $2.30B | $2.22B | $1.92B | $2.10B | $2.08B |
| Revenue growth | — | 23.7% | -3.2% | 4.3% | -2.5% | 24.1% | -3.2% | -13.5% | 9.5% | -1.3% |
| Gross profit | $308M | $613M | $609M | $435M | $412M | $580M | $490M | $245M | $425M | $295M |
| Gross margin | 20.3% | 32.6% | 33.5% | 22.9% | 22.3% | 25.3% | 22.1% | 12.8% | 20.2% | 14.2% |
| Operating income | $119M | $380M | $371M | $193M | $186M | $319M | $239M | $34.2M | $211M | $63.3M |
| Operating margin | 7.8% | 20.2% | 20.4% | 10.2% | 10.1% | 13.9% | 10.8% | 1.8% | 10.0% | 3.0% |
| Net income | -$15.9M | $208M | $262M | $49.2M | $55.2M | $127M | $87.2M | -$9.90M | $108M | -$57.6M |
| Net margin | -1.0% | 11.0% | 14.4% | 2.6% | 3.0% | 5.5% | 3.9% | -0.5% | 5.1% | -2.8% |
| EPS (diluted) | -$0.05 | $0.61 | $9.20 | $1.73 | $1.94 | $4.46 | $3.06 | -$0.35 | $3.79 | -$2.02 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $79.8M | $259M | $166M | $177M | $152M | $460M | $34.9M | $3.90M | $44.0M | -$35.5M |
| Capital expenditures | $58.9M | $71.3M | $61.4M | $59.9M | $65.5M | $64.1M | $67.6M | $48.5M | $30.9M | $46.6M |
| Free cash flow | $20.9M | $188M | $104M | $117M | $86.7M | $396M | -$32.7M | -$44.6M | $13.1M | -$82.1M |
| Share buybacks | — | — | — | $3.10M | $1.00M | $1.50M | $4.00M | $2.90M | — | — |
| Dividends paid | $27.1M | $27.2M | $27.1M | $27.1M | $13.6M | $9.00M | $9.00M | $9.10M | $9.10M | $9.10M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $160M | $436M | $500M | $524M | $519M | $698M | $479M | $407M | $348M | $214M |
| Total assets | $2.44B | $2.91B | $2.71B | $2.79B | $2.89B | $3.01B | $2.84B | $2.74B | $2.80B | $2.63B |
| Shareholders' equity | $201M | $424M | $635M | $640M | $683M | $830M | $959M | $951M | $1.04B | $1.02B |
| Retained earnings | -$199M | -$17.9M | $220M | $239M | $283M | $401M | $482M | $476M | $575M | $508M |
| Shares (wtd avg diluted) | 355M | 355M | 355M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M |
Every figure is extracted from VALHI INC /DE/’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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