Valhi Inc (VHI) Financial Statements
Industry: Industrial Inorganic Chemicals
In fiscal 2025, Valhi reported revenue of $2.08B, down 1.3% from $2.10B the year before. Net income was -$57.6M (a -2.8% net margin), or -$2.02 per diluted share. Gross margin was 14.2% and operating margin was 3.0%. Operating activities generated -$35.5M of cash, leaving -$82.1M of free cash flow. At fiscal year end, Valhi held $2.63B in total assets against $1.61B in total liabilities, including $214.0M of cash and equivalents.
Open the full interactive Valhi financials → Quarterly statements, key ratios, valuation history and price charts.
Valhi Key Stats
| Share Price | $14.36 |
|---|---|
| Market Cap | $409.3M |
| Revenue YoY Growth | -1.3% |
| 52-Week Range | $11.37 – $18.66 |
| Shares Outstanding | 28.5 million (basic, 2026 Q2) |
Valhi Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.85B | $2.30B | $2.22B | $1.92B | $2.10B | $2.08B |
| Cost of Goods Sold | $1.44B | $1.72B | $1.73B | $1.68B | $1.68B | $1.78B |
| Gross Profit | $412.1M | $580.2M | $490.4M | $245.2M | $424.5M | $295.4M |
| Operating Income | $186.1M | $318.6M | $239.4M | $34.2M | $210.7M | $63.3M |
| Pre-Tax Income | $100.6M | $257.8M | $169.9M | -$19.5M | $244.2M | -$43.0M |
| Income Tax | $15.9M | $60.1M | $33.8M | -$22.4M | $82.9M | $11.9M |
| Net Income | $55.2M | $127.2M | $90.2M | -$12.1M | $108.0M | -$57.6M |
| Diluted EPS | $1.94 | $4.46 | $3.16 | -$0.42 | $3.79 | -$2.02 |
Valhi Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $503.5M | $494.5M | $560.1M | $606.1M |
| Net Income | -$22.2M | -$53.2M | $2.0M | $22.3M |
| Diluted EPS | -$0.78 | -$1.87 | $0.07 | $0.78 |
Valhi Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $518.6M | $698.4M | $478.5M | $407.0M | $348.3M | $214.0M |
| Current Assets | $1.45B | $1.67B | $1.59B | $1.48B | $1.45B | $1.26B |
| Total Assets | $2.89B | $3.01B | $2.84B | $2.74B | $2.80B | $2.63B |
| Current Liabilities | $318.1M | $463.5M | $492.8M | $507.1M | $643.8M | $449.3M |
| Total Long-Term Debt | $788.6M | $653.0M | $559.5M | $546.5M | $563.4M | $591.7M |
| Total Liabilities | $2.21B | $2.18B | $1.88B | $1.80B | $1.76B | $1.61B |
| Shareholders' Equity | $682.5M | $829.5M | $958.6M | $935.8M | $1.04B | $1.02B |
Valhi Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | — | $459.7M | $34.9M | $3.9M | $44.0M | -$35.5M |
| Cash From Investing | — | -$37.4M | -$146.7M | -$29.0M | -$125.0M | -$47.8M |
| Cash From Financing | — | -$189.1M | -$114.0M | -$75.9M | -$2.3M | -$71.1M |
| Free Cash Flow | $0 | $395.6M | -$32.7M | -$44.6M | $13.1M | -$82.1M |
Figures from Valhi's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Valhi financials page for every line item.
Valhi Company Profile
| Ticker | VHI |
|---|---|
| Exchange | NYSE |
| Industry | Industrial Inorganic Chemicals |
| Headquarters | Dallas, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer |
| SEC CIK | 0000059255 |
Frequently Asked Questions
What was Valhi's revenue in fiscal 2025?
Valhi (VHI) reported revenue of $2.08B for fiscal 2025.
What is Valhi's annual revenue history?
Valhi's annual revenue by fiscal year: 2020: $1.85B; 2021: $2.30B; 2022: $2.22B; 2023: $1.92B; 2024: $2.10B; 2025: $2.08B.
What was Valhi's net income in fiscal 2025?
Valhi reported net income of -$57.6M for fiscal 2025.
What was Valhi's earnings per share (EPS) in fiscal 2025?
Valhi's diluted EPS was -$2.02 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Valhi generate in fiscal 2025?
Valhi generated -$82.1M of free cash flow in fiscal 2025.
What was Valhi's revenue last quarter?
In its most recent reported quarter (2026 Q2), Valhi reported revenue of $606.1M.
How much debt does Valhi have?
Valhi reported $591.7M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Valhi are outstanding?
Valhi reported a weighted average of 28.5 million basic shares outstanding in 2026 Q2.
What is Valhi's market cap?
Based on its latest closing price, Valhi (VHI) has a market capitalization of about $409.3M.
When does Valhi's fiscal year end?
Valhi's fiscal year end, as registered with the SEC, is December 31.
Where is Valhi headquartered?
Valhi lists its business address in Dallas, Texas in its SEC filings.