Tronox Holdings plc logo TROX - Tronox Holdings plc

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 7
HOLD 6
SELL 4
STRONG
SELL
0
| PRICE TARGET: $8.00 DETAILS
HIGH: $10.00
LOW: $4.00
MEDIAN: $9.00
CONSENSUS: $8.00
UPSIDE: 5.96%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3
Revenue
Revenue 760 725 699 731 738 676 804 820 774 686 662 794 708 649 895 945 965 884 870 927 891 783 675 578 722 693 768 791 390 429 456 492 442 464 435 622 569 548 533 537 475 535 575 617 385 400 429 490 418 436 491 525 470 482.2 487.3 428.9 433.6 465.4 428.3 267.1 325.8 312.3 300.8 74.6 418.3 403.8 349.1 357.6 363.1 366.5 339.1 326.3 376.2 372.9 336.2 346.5 339.2
Cost of Revenue 722 699 655 661 647 559 685 677 654 608 568 637 575 544 663 682 733 666 626 700 685 605 536 449 547 545 635 691 307 311 335 348 327 339 329 498 479 458 453 480 455 513 536 593 350 346 361 430 393 382 437 475 438 519.8 465.8 306.1 276.3 322.4 309.9 229.8 265 249.6 246.7 7 399.2 403.6 323.6 339.8 332 337.1 301.3 292.7 334.1 341.9 276 296.2 282.5
Gross Profit 38 26 44 70 91 117 119 143 120 78 94 157 133 105 232 263 232 218 244 227 206 178 139 129 175 148 133 100 83 118 121 144 115 125 106 124 90 90 80 57 20 22 39 24 35 54 68 60 25 54 54 50 32 (37.6) 21.5 122.8 157.3 143 118.4 37.3 60.8 62.7 54.1 67.6 19.1 0.2 25.5 17.8 31.1 29.4 37.8 33.6 42.1 31 60.2 50.3 56.6
Operating Expenses
R&D Expenses 0 0 0 0 86 14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 66 66 63 64 66 69 65 67 79 70 62 73 71 69 69 65 78 84 76 77 81 84 89 80 94 95 82 103 67 50 62 79 76 65 55 69 67 59 47 50 47 46 55 72 44 54 47 45 46 50 45 41 51 32.8 59.6 102.3 44.3 53.8 37.9 19.5 16 16.1 15.5 29 30.3 27.7 27.6 26.2 27.3 29.4 35 29.4 28.1 25.5 15.2 29.4 28.4
Other Expenses 0 0 0 0 0 (14) 0 0 0 0 0 0 0 0 0 8 85 0 0 0 0 0 1 0 2 9 0 10 0 0 6 0 52 0 19 0 (1) 6 0 0 8 21 23 0 0 5 16 0 0 48 0 0 0 0 0 0 0 0 0 0 0 0 0 89.1 (7.4) 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 66 66 63 64 152 69 65 67 79 70 62 73 71 69 69 73 163 84 76 77 81 84 90 80 96 104 82 95 67 50 68 79 101 65 59 69 66 58 47 50 52 60 60 72 44 59 57 45 46 18 45 41 51 32.8 59.6 102.3 44.3 53.8 37.9 19.5 16 16.1 15.5 54.1 22.9 27.7 27.6 26.2 27.3 29.4 35.6 29.4 28.1 25.5 15.2 29.4 34.3
Operating Income
Operating Income (28) (40) (19) 6 (61) 48 54 76 41 8 32 84 62 36 163 190 69 134 168 150 125 94 49 49 79 44 48 (13) 16 68 53 65 14 60 47 32 (3) 32 1 9 (31) (38) (21) (50) (9) (5) 11 15 (21) 4 9 9 (19) (70.4) (17) 20.5 113 99.2 84.8 17.8 52.5 46.6 38.2 (50.5) (3.8) (31.7) (2.1) (8.7) (5.8) 0.8 2.2 11.3 14 5.5 45 20.9 15.3
Interest Expense 53 54 48 45 42 41 42 42 42 45 42 38 33 33 32 28 32 34 37 36 50 49 48 47 45 47 51 54 49 49 47 48 49 48 47 46 46 46 46 46 43 45 41 40 34 32 34 33 34 32 31 0 0 0 18.1 13 7.9 8 8.2 5.3 10.2 14.8 12.5 15 13.9 12.7 12.3 12.6 12.8 12.4 0 13.5 12.6 12.3 12 0 0
Interest Income 2 2 1 1 2 1 3 2 4 8 4 3 3 3 2 2 2 3 1 2 1 2 1 2 3 2 4 3 9 10 8 7 8 5 3 0 1 1 1 0 0 2 0 0 0 3 4 3 3 0 0 34 27 27 0.5 0.2 (0.1) 0.2 0.1 0 0.6 0 0 0.6 0.1 0 0 0 0.4 0 0 0 0.5 0 0 0 0
Profitability
EBITDA 47 48 61 85 15 127 119 174 116 73 115 162 138 74 239 247 134 211 250 207 169 176 133 125 163 121 125 79 68 124 116 120 61 93 75 87 35 83 2 61 16 37 80 8 56 78 49 91 49 143 101 104 52 13.6 51 1,098 133 89.2 80.5 31.9 (32) (11.6) 26.9 (54.1) 12.4 1.5 26.4 21.1 30.8 28.7 30.1 32.8 39.1 30.3 49 45.9 15.3
EBIT (28) (40) (19) 6 (61) 56 43 97 44 4 44 91 67 6 173 180 66 138 178 133 82 91 57 53 92 46 51 (5) 21 74 68 71 13 46 30 30 10 22 (14) 1 (39) (35) (2) (67) (8) 8 (19) 7 (24) 48 9 31 (21) (77.2) (20) 1,067 111 97.9 83 18.8 (32) (11.6) 26.9 (54.1) (16.5) (27.5) (2.1) (8.4) 3.8 0.8 2.2 4.2 14 5.5 24.5 20.9 15.3
Income Before Tax (104) (179) (92) (81) (106) 15 1 55 2 (32) (6) 53 34 (19) 141 152 34 104 141 97 32 52 9 6 47 (1) 0 (59) (28) 35 21 23 (36) (2) (12) 0.0 (36) (20) (35) (0.0) (82) (77) (43) (107) (39) (22) (49) (23) (55) 16 (33) 0 (44) (89.2) (35) 1,065 103.7 89.9 75.2 13.5 (42.2) (26.4) 14.4 (69.1) (30.4) (44.8) (3) (22.1) (18.2) (13.2) (8.6) 10.1 2.1 (1.5) 37.4 13.6 18.1
Income Tax Expense 0 (2) 8 4 5 45 26 45 11 24 8 322 9 (5) 18 (223) 18 17 28 20 6 (5) (893) 10 7 4 12 (4) 2 29 6 (27) 5 (4) 13 3 (3) (144) 6 10 12 12 11 11 7 253 41 (25) (1) 19 8 1 1 2.5 (38) (84) 17.4 (9) 9 3.3 (1) (1.1) 3.2 5.2 9.5 (14.9) (1.6) 35.3 0.5 6.8 0.4 2.3 2.8 4.2 13.8 1.3 4.4
Net Income (103) (176) (99) (84) (111) (30) (25) 16 (9) (56) (14) (269) 23 (15) 121 375 16 83 111 73 19 45 896 (4) 32 0 (13) (62) (34) (5) 6 36 (44) 284.9 (247) 3 (41) 122 (37) (52) (93) (90) (60) (119) (49) (276) (93) (0.0) (58) (7) (49) (13) (57) (91.5) (3) 1,138 86 98.9 66.2 10.2 (39.5) (25.5) 11.8 (262.4) (37.9) (34.4) (0.2) (56.7) (19.1) (21.2) (9.4) 7.6 (14) (14.4) 20.6 6.2 12.2
Per Share Data
EPS (Basic) -0.65 -1.11 -0.63 -0.53 -0.70 -0.19 -0.16 0.10 -0.06 -0.36 -0.09 -1.72 0.15 -0.09 0.78 2.41 0.10 0.54 0.72 0.47 0.13 0.31 6.24 -0.03 0.23 0.16 -0.09 -0.42 -0.27 -0.04 0.05 0.30 -0.36 2.36 -2.07 0.02 -0.35 1.04 -0.34 -0.44 -0.79 -0.78 -0.52 -1.03 -0.42 -2.40 -0.81 -0.00 -0.51 -0.06 -0.43 -0.11 -0.50 -0.81 -0.14 6.93 0.52 0.60 0.40 0.06 -0.24 -0.12 0.06 -1.28 -0.18 -0.17 -0.00 -0.28 -0.09 -0.10 -0.05 0.04 -0.07 -0.07 0.10 0.03 0.11
EPS (Diluted) -0.65 -1.11 -0.63 -0.53 -0.70 -0.19 -0.16 0.10 -0.06 -0.36 -0.09 -1.72 0.15 -0.09 0.77 2.37 0.10 0.52 0.70 0.46 0.12 0.31 6.18 -0.03 0.22 0.16 -0.09 -0.41 -0.27 -0.04 0.05 0.29 -0.36 2.36 -2.07 0.02 -0.35 1.00 -0.34 -0.44 -0.79 -0.78 -0.52 -1.03 -0.42 -2.40 -0.81 -0.00 -0.51 -0.06 -0.43 -0.11 -0.50 -0.81 -0.14 6.93 0.52 0.60 0.40 0.06 -0.24 -0.12 0.06 -1.28 -0.18 -0.17 -0.00 -0.28 -0.09 -0.10 -0.05 0.04 -0.07 -0.07 0.10 0.03 0.11
Shares Outstanding 158.9 158.6 158.6 158.4 158.1 158.0 158.1 158.1 157.3 156.8 156.8 156.8 155.2 154.5 154.5 155.9 154.6 153.9 153.8 153.6 147.1 143.6 143.6 143.5 142.7 141.9 142.3 148.8 124.3 123.1 123.1 123.1 122.3 120.9 119.4 119.2 116.8 116.3 116.2 116.2 115.9 115.7 115.6 115.6 115.4 114.9 114.5 114.0 113.6 113.5 113.5 113.4 113.3 113.3 122.4 164.3 164.3 164.3 164.3 164.3 164.3 206.2 206.2 204.9 205 205 204.5 203.3 203.5 203.5 203 201.5 202 201.8 202 201.8 114.4
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2007 Q3
Current Assets
Cash & Cash Equivalents 126 211 185 132 138 151 167 201 152 273 246 167 115 164 91 112 292 228 309 303 759 648 749 722 420 302 305 397 1,068 1,034 1,077 1,036 1,074 1,116 1,058 303 265 248 202 188 152 64.9
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 331 290 303 296 321 268 382 391 388 300 289 372 418 383 589 641 656 637 631 687 658 561 507 449 560 488 576 603 302 319 334 349 338 328 310 457 428 289 394 382 343 292
Inventory 1,577 1,652 1,688 1.7 1,605 1,551 1,482 1,424 1,403 1,421 1,422 1,400 1,359 1,278 1,132 1,106 1,050 1,048 1,011 1,020 1,052 1,137 1,176 1,174 1,054 1,131 1,035 1,097 486 479 475 451 470 473 459 506 510 499 558 566 616 325.1
Other Current Assets 132 112 132 1,808.3 129 185 188 210 216 141 175 0 134 135 0 2 4 4 4 4 8 183 154 27 9 9 12 9 666 662 659 688 686 661 653 2 2 1,693 3 28 27 35
Total Current Assets 2,166 2,265 2,308 2,238 2,193 2,155 2,219 2,226 2,159 2,135 2,132 2,084 2,024 1,960 1,967 2,004 2,189 2,049 2,102 2,185 2,640 2,529 2,586 2,507 2,158 2,073 2,053 2,262 2,571 2,544 2,604 2,605 2,623 2,639 2,524 1,322 1,245 2,738 1,202 1,204 1,174 736.1
Non-Current Assets
Property, Plant & Equipment 2,142 2,788 2,812 2.1 2,673 2,683 2,711 2,610 2,577 2,621 2,556 2,588 2,641 2,667 2,524 2,555 2,619 2,542 2,550 2,596 2,583 2,643 2,513 2,506 2,505 2,715 2,621 2,562 1,841 1,800 1,823 1,861 2,016 2,000 1,928 3,424 3,422 3,438 3,467 3,434 3,471 855.1
Goodwill 0 0 0 0 0 0 0 0 0 0 244.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68 0 0 0 0 0 0 0 0 0 0 0 0 0 12.4
Intangible Assets 208 214 221 0.2 243 244 247 246 243 243 0.2 246 249 250 251 242 229 217 214 206 201 201 203 195 202 208 222 231 169 176 182 188 192 198 203 210 217 223 226 232 238 54.5
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10 0 0 0 0 0 0 0 0 0 0 (1) 0 0 0 0 0 0 0 0
Other Non-Current Assets 707 117 130 3,944.8 129 126 140 126 128 218 184 208 202 196 201 198 197 194 182 182 177 175 167 171 158 162 151 170 110 85 62 36 27 27 36 38 38 36 30 23 24 90.2
Total Non-Current Assets 3,891 3,952 3,995 3,948 3,876 3,883 3,972 3,870 3,863 3,999 3,908 3,971 4,335 4,346 4,192 4,216 4,026 3,938 3,941 3,997 3,983 4,039 3,890 2,975 2,972 3,195 3,104 3,154 2,155 2,098 2,110 2,128 2,235 2,225 2,167 3,672 3,677 3,697 3,723 3,689 3,733 1,012.2
Total Assets 6,057 6,217 6,303 6,186 6,069 6,038 6,191 6,096 6,022 6,134 6,040 6,055 6,359 6,306 6,159 6,220 6,215 5,987 6,043 6,182 6,623 6,568 6,476 5,482 5,130 5,268 5,157 5,416 4,726 4,642 4,714 4,733 4,858 4,864 4,691 4,994 4,922 4,950 4,925 4,893 4,907 1,748.3
Current Liabilities
Account Payables 419 481 433 500 478 499 492 457 398 461 370 437 410 415 426 508 490 438 394 375 378 356 303 322 280 342 246 297 150 133 155 131 146 165 155 201 198 136 162 159 152 180.9
Short-Term Debt 194 162 97 304 221 100 51 26 31 38 43 226 200 74 106 89 16 18 7 34 514 97 92 59 242 38 85 88 152 22 22 22 22 22 11 166 166 166 166 166 166 2.3
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0 0 0 0 0 0 0 3 0 0 0 0 0 0 0 0 0 0 0 0 9 10 0 0 0 0 223
Other Current Liabilities 282 163 176 132 113 14 11 12 111 125 9.0 113 101 188 111 110 118 190 185 166 157 217 242 180 199 145 140 125 50 71 61 61 56 76 63 3 4 112 68 57 53 0
Total Current Liabilities 895 919 847 1,068 961 874 817 746 691 753 643 940 915 850 838 885 923 822 779 793 1,254 805 764 727 911 702 629 718 442 300 346 335 320 353 299 550 510 564 533 535 497 408.7
Non-Current Liabilities
Long-Term Debt 146 3,251 3,136 2,749 2,753 2,759 2,767 2,781 2,780 2,786 2,788 2,450 2,458 2,427 2,463 2,449 2,567 2,558 2,675 2,804 2,901 3,251 3,424 3,427 2,954 2,988 3,067 3,136 3,223 3,139 3,143 3,147 3,124 3,125 3,129 2,886 2,887 2,888 2,889 2,889 2,891 503
Deferred Tax Liabilities 204 208 201 191 181 174 183 171 156 149 143 142 152 153 143 156 176 157 165 177 179 176 152 145 139 184 159 175 159 163 162 165 183 171 161 161 155 152 156 148 150 48
Other Non-Current Liabilities 3,491 213 379 385 362 333 376 364 365 363 326 329 325 326 338 346 359 353 398 407 399 412 402 407 395 416 413 399 178 178 184 189 198 200 196 222 226 208 340 321 323 326.6
Total Non-Current Liabilities 3,841 3,849 3,863 3,439 3,402 3,373 3,428 3,419 3,406 3,401 3,361 3,029 3,045 3,053 2,999 3,009 3,163 3,123 3,265 3,413 3,512 3,892 4,024 4,027 3,540 3,650 3,704 3,769 3,604 3,480 3,489 3,501 3,505 3,501 3,486 3,269 3,268 3,267 3,385 3,358 3,364 877.6
Total Liabilities 4,736 4,768 4,710 4,507 4,363 4,247 4,245 4,165 4,097 4,154 4,004 3,969 3,960 3,903 3,837 3,894 4,086 3,945 4,044 4,206 4,766 4,697 4,788 4,754 4,451 4,352 4,333 4,487 4,046 3,780 3,835 3,836 3,825 3,849 3,785 3,819 3,778 3,789 3,918 3,893 3,861 1,286.3
Stockholders' Equity
Common Stock 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0.4
Retained Earnings (73) 30 213 321 425 555 606 651 655 684 760 794 1,083 1,080 1,116 1,014 659 663 596 501 440 434 400 (485) (471) (493) (486) (466) (397) (357) (346) (347) (377) (327) (321) (69) (66) (13) (129) (84) (28) (76)
Accumulated Other Comprehensive Income (741) (717) (751) (769) (842) (880) (775) (829) (845) (814) (827) (809) (785) (768) (885) (772) (637) (738) (705) (628) (668) (610) (712) (768) (829) (606) (686) (616) (612) (540) (522) (496) (358) (403) (474) (454) (480) (495) (525) (553) (555) 51.1
Total Stockholders' Equity 1,289 1,418 1,561 1,646 1,674 1,761 1,913 1,898 1,882 1,936 1,993 2,041 2,349 2,357 2,271 2,275 2,073 1,994 1,950 1,922 1,812 1,698 1,551 602 553 748 667 779 576 683 707 725 829 829 748 1,013 991 1,017 865 874 922 462
Total Liabilities & Equity 6,057 6,217 6,303 6,186 6,069 6,038 6,191 6,096 6,022 6,134 6,040 6,055 6,359 6,306 6,159 6,220 6,215 5,987 6,043 6,182 6,623 6,568 6,476 5,482 5,130 5,268 5,157 5,416 4,726 4,642 4,714 4,733 4,858 4,864 4,691 4,994 4,922 4,950 4,925 4,893 4,907 1,748.3
Debt Metrics
Total Debt 340 3,590 3,407 3,192 3,103 2,990 2,940 2,930 2,938 2,951 2,955 2,807 2,790 2,668 2,642 2,615 2,666 2,657 2,743 2,904 3,491 3,401 3,562 3,571 3,285 3,126 3,222 3,283 3,438 3,161 3,165 3,169 3,146 3,147 3,140 3,052 3,053 3,054 3,055 3,055 3,057 505.3
Net Debt 214 3,379 3,222 3,060 2,965 2,839 2,773 2,729 2,786 2,678 2,709 2,640 2,675 2,504 2,551 2,503 2,374 2,429 2,434 2,601 2,732 2,753 2,813 2,849 2,865 2,824 2,917 2,886 2,370 2,127 2,088 2,133 2,072 2,031 2,082 2,749 2,788 2,806 2,853 2,867 2,905 440.4
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income (103) (176) (99) (85) (111) (30) (25) 10 (9) (56) (14) (269) 23 (14) 123 375 16 87 111 73 19 57 902 (4) 40 (5) (12) (55) (30) 6 15 50 (41) 2 (62) 5 (38) 124 (42) (48) (92)
Depreciation & Amortization 75 82 80 74 76 0 70 72 77 69 0 0 0 62 58 0.0 0 0 75 73 87 0 0 0.1 0.1 0 118 69 0.0 195 55 96 0.0 0.2 146 27 0.1 0.2 61 61 0.1
Stock-Based Compensation 0 0 0 4 5 4 7 4 6 6 4 5 6 5 7 7 7 8 0 7 9 11 8 2 9 8 9 7 8 5 7 2 7 5 5 8 13 6 8 5 5
Change in Working Capital (78) 114 (85) (5) (101) (16) 1 39 (127) 69 (54) 9 (198) 200 (89) (130) 4 (49) 48 3 (41) 33 (25) 4 (164) 88 (8) (19) 7 (48) 39 (63) (46) 23 (26) 37 24 17 32 60 25
Other Non-Cash Items 36 103 41 37 95 78 16 0 13 6 77 80 91 7 39 24 158 91 11 54 61 1,006 91 91.9 16 86 35 87 57.0 (139) (5) (17) 73.0 47.8 (4) (3) 60.9 (54.2) (5) (8) 63.9
Operating Cash Flow (70) 121 (56) 28 (32) 82 87 160 (29) 110 17 136 (79) 240 137 32 189 139 256 210 135 199 84 100 (28) 175 148 79 39 27 112 35 (4) 72 64 77 60 88 54 68 1
Investing Activities
Capital Expenditure (67) (68) (80) (83) (110) (117) (101) (76) (76) (59) (54) (55) (93) (114) (112) (99) (103) (89) (65) (60) (58) (66) (47) (44) (38) (58) (59) (56) (25) (34) (28) (27) (28) (28) (7) (24) (32) (32) (32) (22) (33)
Acquisitions 0 1 1 0 0 0 0 0 0 0 0 0 0 (3) 2 0 1 0 0 0 0 0 0 0 0 (7) (71) 0 0 5 1 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 (6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 2 (94.9) 0 11 16 0 3 0 1 2 13 0 0 0 1 0 1 1 (12) (12) (10) 0 0 1 (886) (25) (24) (24) (14) 0 (1) 650 (4) (12) 1 (29) 0 1
Investing Cash Flow (67) (73) (79) (81) (95) (117) (90) (60) (76) (56) (54) (54) (91) (104) (110) (99) (102) (88) (65) (59) (57) (78) (59) (54) (38) (65) (129) (942) (50) (53) (52) (41) (28) (29) 643 (24) (32) (31) (33) (22) (32)
Financing Activities
Net Debt Issuance 77 34 158 69 109 47 (1) (9) (11) (11) 137 20 122 (39) (13) (40) (3) (107) (164) (586) 115 (216) (15) 292 206 (115) (57) (208) 215 (6) (5) 26 (6) 0 105 (4) (4) (4) (4) (4) (19)
Stock Repurchased 0 0 0 0 (1) 0 0 0 0 0 0 0 0 0 (9) (16) (25) 0 0 (1) (2) 0 0 0 (3) 0 (36) (252) (6) 0 0 (2) (4) (1) 0 (9) (2) 0 0 0 0
Dividends Paid (8) (8) (20) (20) 0 (19) (20) (40) (1) (20) (19) (48) (2) (27) (19) (40) (1) (19) (18) (14) (14) (10) (10) (10) (10) (6) (7) (7) (7) (6) (5) (6) (6) (6) (5) (6) (6) (6) (5) (5) (30)
Other Financing Activities 0 (50) 50 (1) 0 (2) (13) (2) 0 0 (3) 0 0 0 0 (18) 0 1 (3) (20) (51) 0 (1) (9) 0 0 0 0 (152) 0 0 (29) (3) 11 (49) 0 0 0 (1) 0 0
Financing Cash Flow 69 (24) 188 48 108 26 (34) (51) (12) (31) 115 (28) 120 (66) (41) (114) (29) (125) (179) (621) 48 (226) (26) 273 193 (121) (100) (467) 50 (12) (10) (9) (15) 4 51 (19) (12) (10) (10) (9) (49)
Cash Position
Net Change in Cash (73) 25 53 (5) (14) (16) (33) 47 (119) 27 79 52 (49) 73 (23) (182) 64 (81) 6 (460) 119 (101) 0 320 118 (5) (90) (1,328) 38 (40) 44 (37) (40) 58 755 38 17 46 14 36 (77)
Cash at Beginning 211 186 133 138 152 168 201 154 273 246 167 115 164 91 114 296 232 313 307 767 648 749 749 429 311 316 406 1,734 1,696 1,736 1,692 1,729 1,769 1,058 303 265 248 202 188 152 229
Cash at End 138 211 186 133 138 152 168 201 154 273 246 167 115 164 91 114 296 232 313 307 767 648 749 749 429 311 316 406 1,734 1,696 1,736 1,692 1,729 1,116 1,058 303 265 248 202 188 152
Free Cash Flow (137) 53 (136) (55) (142) (35) (14) 84 (105) 51 (37) 81 (172) 126 25 (67) 86 50 191 150 77 133 37 56 (66) 117 89 23 14 (7) 84 8 (32) 44 57 53 28 56 22 46 (32)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q4 2005 Q3
Income Statement
Revenue 760 725 699 731 738 676 804 820 774 686 662 794 708 649 895 945 965 884 870 927 891 783 675 578 722 693 768 791 390 429 456 492 442 464 435 622 569 548 533 537 475 535 575 617 385 400 429 490 418 436 491 525 470 482.2 487.3 428.9 433.6 465.4 428.3 267.1 325.8 312.3 300.8 74.6 418.3 403.8 349.1 357.6 363.1 366.5 339.1 326.3 376.2 372.9 336.2 346.5 339.2
Gross Profit 38 26 44 70 91 117 119 143 120 78 94 157 133 105 232 263 232 218 244 227 206 178 139 129 175 148 133 100 83 118 121 144 115 125 106 124 90 90 80 57 20 22 39 24 35 54 68 60 25 54 54 50 32 (37.6) 21.5 122.8 157.3 143 118.4 37.3 60.8 62.7 54.1 67.6 19.1 0.2 25.5 17.8 31.1 29.4 37.8 33.6 42.1 31 60.2 50.3 56.6
Operating Income (28) (40) (19) 6 (61) 48 54 76 41 8 32 84 62 36 163 190 69 134 168 150 125 94 49 49 79 44 48 (13) 16 68 53 65 14 60 47 32 (3) 32 1 9 (31) (38) (21) (50) (9) (5) 11 15 (21) 4 9 9 (19) (70.4) (17) 20.5 113 99.2 84.8 17.8 52.5 46.6 38.2 (50.5) (3.8) (31.7) (2.1) (8.7) (5.8) 0.8 2.2 11.3 14 5.5 45 20.9 15.3
Net Income (103) (176) (99) (84) (111) (30) (25) 16 (9) (56) (14) (269) 23 (15) 121 375 16 83 111 73 19 45 896 (4) 32 0 (13) (62) (34) (5) 6 36 (44) 284.9 (247) 3 (41) 122 (37) (52) (93) (90) (60) (119) (49) (276) (93) (0.0) (58) (7) (49) (13) (57) (91.5) (3) 1,138 86 98.9 66.2 10.2 (39.5) (25.5) 11.8 (262.4) (37.9) (34.4) (0.2) (56.7) (19.1) (21.2) (9.4) 7.6 (14) (14.4) 20.6 6.2 12.2
EPS (Diluted) -0.65 -1.11 -0.63 -0.53 -0.70 -0.19 -0.16 0.10 -0.06 -0.36 -0.09 -1.72 0.15 -0.09 0.77 2.37 0.10 0.52 0.70 0.46 0.12 0.31 6.18 -0.03 0.22 0.16 -0.09 -0.41 -0.27 -0.04 0.05 0.29 -0.36 2.36 -2.07 0.02 -0.35 1.00 -0.34 -0.44 -0.79 -0.78 -0.52 -1.03 -0.42 -2.40 -0.81 -0.00 -0.51 -0.06 -0.43 -0.11 -0.50 -0.81 -0.14 6.93 0.52 0.60 0.40 0.06 -0.24 -0.12 0.06 -1.28 -0.18 -0.17 -0.00 -0.28 -0.09 -0.10 -0.05 0.04 -0.07 -0.07 0.10 0.03 0.11
Balance Sheet
Cash & Equivalents 126 211 185 132 138 151 167 201 152 273 246 167 115 164 91 112 292 228 309 303 759 648 749 722 420 302 305 397 1,068 1,034 1,077 1,036 1,074 1,116 1,058 303 265 248 202 188 152 64.9
Total Assets 6,057 6,217 6,303 6,186 6,069 6,038 6,191 6,096 6,022 6,134 6,040 6,055 6,359 6,306 6,159 6,220 6,215 5,987 6,043 6,182 6,623 6,568 6,476 5,482 5,130 5,268 5,157 5,416 4,726 4,642 4,714 4,733 4,858 4,864 4,691 4,994 4,922 4,950 4,925 4,893 4,907 1,748.3
Total Debt 340 3,590 3,407 3,192 3,103 2,990 2,940 2,930 2,938 2,951 2,955 2,807 2,790 2,668 2,642 2,615 2,666 2,657 2,743 2,904 3,491 3,401 3,562 3,571 3,285 3,126 3,222 3,283 3,438 3,161 3,165 3,169 3,146 3,147 3,140 3,052 3,053 3,054 3,055 3,055 3,057 505.3
Stockholders' Equity 1,289 1,418 1,561 1,646 1,674 1,761 1,913 1,898 1,882 1,936 1,993 2,041 2,349 2,357 2,271 2,275 2,073 1,994 1,950 1,922 1,812 1,698 1,551 602 553 748 667 779 576 683 707 725 829 829 748 1,013 991 1,017 865 874 922 462
Cash Flow
Operating Cash Flow (70) 121 (56) 28 (32) 82 87 160 (29) 110 17 136 (79) 240 137 32 189 139 256 210 135 199 84 100 (28) 175 148 79 39 27 112 35 (4) 72 64 77 60 88 54 68 1
Capital Expenditure (67) (68) (80) (83) (110) (117) (101) (76) (76) (59) (54) (55) (93) (114) (112) (99) (103) (89) (65) (60) (58) (66) (47) (44) (38) (58) (59) (56) (25) (34) (28) (27) (28) (28) (7) (24) (32) (32) (32) (22) (33)
Free Cash Flow (137) 53 (136) (55) (142) (35) (14) 84 (105) 51 (37) 81 (172) 126 25 (67) 86 50 191 150 77 133 37 56 (66) 117 89 23 14 (7) 84 8 (32) 44 57 53 28 56 22 46 (32)