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TROX NYSE

Tronox Holdings plc
1W: -9.9% 1M: -21.0% 3M: +13.1% YTD: +81.4% 1Y: +50.8% 3Y: -19.1% 5Y: -60.3%
$7.55
-0.15 (-1.95%)
 
Weekly Expected Move ±12.4%
$6 $7 $8 $9 $10
NYSE · Basic Materials · Chemicals · Alpha Radar Sell · Power 32 · $1.2B mcap · 118M float · 2.84% daily turnover · Short 49% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE
35.4 / 100
NoneWeakNarrowWide
Primary source: Efficient Scale  ·  ROIC: -2.4%  ·  5Y Avg: 0.4%
Cost Advantage
38
Intangibles
25
Switching Cost
44
Network Effect
23
Scale ★
47
The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. TROX has No discernible competitive edge (35.4/100). The business operates without significant structural advantages. The primary source of advantage is Efficient Scale. Negative ROIC of -2.4% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
$9
Low
$9
Avg Target
$10
High
Based on 3 analysts since May 6, 2026 earnings
Analyst Recommendations
Strong Buy: 0Buy: 7Hold: 6Sell: 4Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$9.20
Analysts5
Consensus Change History
DateFieldFromTo
2026-04-22 consensus Hold Buy
2026-04-10 consensus Buy Hold
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-05-20 Deutsche Bank $8 $10 +2 +24.8% $8.01
2026-05-12 Goldman Sachs $8 $9 +2 +1.6% $8.86
2026-05-07 Fermium Research Frank Mitsch Initiated $9 +7.0% $8.41
2026-04-09 UBS $5 $9 +4 +1.1% $8.90
2026-04-09 Truist Financial Peter Osterland $8 $9 +1 +1.1% $8.90
2026-02-19 Mizuho Securities $4 $4 +0 -48.4% $7.75
2026-01-29 Truist Financial $7 $8 +1 +28.1% $6.25
2026-01-29 Goldman Sachs Duffy Fischer $18 $8 -10 +14.9% $6.53
2026-01-27 Deutsche Bank David Begleiter $6 $8 +2 +20.8% $6.62
2026-01-21 Truist Financial $5 $7 +2 +26.4% $5.54
2026-01-12 UBS $4 $5 +1 -7.3% $5.67
2025-12-16 Deutsche Bank David Begleiter $22 $6 -16 +37.1% $4.38
2025-12-09 BMO Capital $7 $6 -1 +20.4% $4.99
2025-10-06 UBS $10 $4 -6 -2.6% $4.00
2025-10-03 Mizuho Securities $22 $4 -18 -13.8% $4.06
2025-09-15 Alembic Global Hassan Ahmed $5 $6 +1 +21.5% $4.94
2025-08-11 Alembic Global Hassan Ahmed Initiated $5 +56.7% $3.19
2025-08-04 Truist Financial $14 $5 -9 +57.2% $3.18
2025-05-07 BMO Capital John McNulty $17 $7 -10 +31.8% $5.31
2025-05-05 Morgan Stanley Vincent Andrews Initiated $8 +49.0% $5.37
2025-05-01 UBS Joshua Spector $19 $10 -9 +82.1% $5.49
2025-02-18 Truist Financial Peter Osterland Initiated $14 +78.8% $7.83
2024-10-29 BMO Capital John McNulty $24 $17 -7 +39.3% $12.20
2024-10-10 UBS Joshua Spector $19 $19 0 +39.2% $13.65
2024-09-11 Mizuho Securities John Roberts Initiated $22 +93.0% $11.40
2024-06-21 Deutsche Bank David Begleiter $20 $22 +2 +24.2% $17.71
2024-05-15 Barclays Michael Leithead $25 $22 -3 +14.3% $19.24
2024-05-03 BMO Capital John McNulty $15 $24 +9 +24.9% $19.22
2024-03-27 Deutsche Bank David Begleiter $18 $20 +2 +14.7% $17.43
2023-01-11 UBS Initiated $19 +19.2% $15.94
2022-12-15 Goldman Sachs Initiated $18 +33.4% $13.49
2022-10-03 Deutsche Bank $20 $18 -2 +40.7% $12.79
2022-09-27 BMO Capital John McNulty $28 $15 -13 +33.0% $11.28
2022-06-17 Deutsche Bank $22 $20 -2 +25.1% $15.99
2022-05-02 Deutsche Bank Initiated $22 +26.6% $17.38
2022-05-02 Barclays Michael Leithead Initiated $25 +45.3% $17.20
2022-04-29 BMO Capital Initiated $28 +62.8% $17.20

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C
May 22, 2026
DCF
1
ROE
1
ROA
1
D/E
2
P/E
1
P/B
4
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. TROX receives an overall rating of C. Strongest factors: P/B (4/5). Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), D/E (2/5), P/E (1/5).
Rating Change History
DateFromTo
2026-05-20 D+ C
2026-05-07 C D+
2026-04-24 C- C
2026-02-26 C C-
2026-02-21 C- C
2026-02-20 C C-
2026-02-19 C+ C
2026-02-06 B- C+
2026-02-04 C+ B-
2026-02-02 B- C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

12 Grade D
Profitability
2
Balance Sheet
26
Earnings Quality
57
Growth
29
Value
57
Momentum
33
Safety
15
Cash Flow
22
The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. TROX scores highest in Value (57/100) and lowest in Profitability (2/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score
0.85
Distress Zone
Piotroski F-Score
3/9
Beneish M-Score
-1.87
Unlikely Manipulator
Ohlson O-Score
-5.43
Bankruptcy prob: 0.4%
Low Risk
Credit Rating
CCC
Score: 15.9/100
Trend: Deteriorating
Earnings Quality
OCF/NI: -0.05x
Accruals: -7.9%
The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. TROX scores 0.85, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. TROX scores 3/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. TROX's score of -1.87 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. TROX's implied 0.4% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. TROX receives an estimated rating of CCC (score: 15.9/100), with a deteriorating trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
-2.60x
PEG
0.03x
P/S
0.41x
P/B
0.93x
P/FCF
-5.62x
P/OCF
70.56x
EV/EBITDA
30.07x
EV/Revenue
1.69x
EV/EBIT
-33.32x
EV/FCF
-17.87x
Earnings Yield
-29.76%
FCF Yield
-17.78%
Shareholder Yield
3.67%
Graham Number
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. TROX currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
1.013
NI / EBT
×
Interest Burden
3.081
EBT / EBIT
×
EBIT Margin
-0.051
EBIT / Rev
×
Asset Turnover
0.476
Rev / Assets
×
Equity Multiplier
3.855
Assets / Equity
=
ROE
-29.1%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. TROX's ROE of -29.1% is driven by financial leverage (equity multiplier: 3.85x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 1.01 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate
0.00%
Fair P/E
8.50x
Intrinsic Value
Price/Value
Margin of Safety
Premium
Assessment
Overvalued

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$7.53
Median 1Y
$5.83
5th Pctile
$1.91
95th Pctile
$17.77
Ann. Volatility
66.1%
Analyst Target
$9.20
25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

ExecutiveSalaryStockTotal
John D. Romano
Chief Executive Officer
$1,100,000 $5,658,661 $8,254,510
Jeffrey N. Neuman
Senior Vice President, General Counsel & Secretary
$593,648 $1,099,395 $2,119,771
D. John Srivisal
Senior Vice President, Chief Financial Officer
$578,000 $1,070,421 $2,109,781
Jeffrey A. Engle
Senior Vice President, Chief Commercial Officer
$481,050 $742,386 $1,544,021
Emad AlJunaidi President,
e President, Chief Supply Chain and Digital Officer
$450,000 $694,480 $1,431,144

CEO Pay Ratio

161853:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $8,254,510
Avg Employee Cost (SGA/emp): $51
Employees: 5,700

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees
5,700
-12.3% YoY
Revenue / Employee
$508,421
Rev: $2,898,000,000
Profit / Employee
$-82,456
NI: $-470,000,000
SGA / Employee
$51
Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
ROE 84.5% 20.3% 15.5% 15.3% 31.7% 32.2% 22.8% 23.2% -6.4% -12.6% -14.7% -16.2% -2.9% -3.4% -2.6% -8.1% -13.5% -17.5% -29.6% -29.1% -29.07%
ROA 17.5% 4.2% 4.6% 4.5% 9.3% 9.5% 8.1% 8.2% -2.3% -4.5% -5.1% -5.6% -1.0% -1.2% -0.8% -2.5% -4.1% -5.3% -7.7% -7.5% -7.54%
ROIC 52.5% 10.2% 10.6% 9.2% 17.4% 17.5% 15.3% 15.3% -4.6% -19.3% -25.8% -73.2% -12.4% -11.9% -3.5% 2.0% 0.1% -1.6% -2.9% -2.4% -2.40%
ROCE 6.3% 8.4% 10.3% 10.0% 10.9% 10.8% 7.8% 7.8% 6.2% 3.8% 3.8% 3.4% 3.5% 3.5% 4.6% 2.6% -0.0% -1.7% -3.5% -2.8% -2.79%
Gross Margin 24.5% 28.0% 24.7% 24.0% 27.8% 25.9% 16.2% 18.8% 19.8% 14.2% 11.4% 15.5% 17.4% 14.8% 17.3% 13.4% 10.8% 7.4% 3.6% 5.0% 5.00%
Operating Margin 16.2% 19.3% 15.2% 7.2% 20.1% 18.2% 5.5% 8.8% 10.6% 4.8% 1.2% 5.3% 9.3% 6.7% 7.1% -8.3% -4.8% -6.2% -5.5% -3.7% -3.68%
Net Margin 7.9% 12.8% 9.4% 1.7% 39.7% 13.5% -2.3% 3.2% -33.9% -2.1% -8.2% -1.2% 2.0% -3.1% -4.4% -15.0% -11.5% -14.2% -24.3% -13.6% -13.55%
EBITDA Margin 22.3% 28.7% 23.9% 13.9% 26.1% 26.7% 11.4% 19.5% 20.4% 17.4% 10.6% 15.0% 21.2% 14.8% 18.8% 0.9% 5.2% 4.4% 6.6% 6.2% 6.18%
FCF Margin 12.1% 15.9% 13.1% 13.1% 7.1% 2.5% 4.9% -2.8% 2.0% -0.1% -2.7% -0.3% -0.2% 0.5% -2.3% -3.5% -8.3% -13.0% -9.7% -9.5% -9.47%
OCF Margin 19.2% 23.0% 20.7% 21.8% 16.8% 13.5% 17.3% 10.3% 14.2% 11.2% 6.5% 8.0% 8.8% 10.6% 9.8% 9.8% 5.6% 0.7% 2.1% 0.8% 0.75%
ROE 3Y Avg snapshot only -19.69%
ROE 5Y Avg snapshot only -4.70%
ROA 3Y Avg snapshot only -5.20%
ROIC 3Y Avg snapshot only -3.46%
ROIC Economic snapshot only -2.33%
Cash ROA snapshot only 0.35%
Cash ROIC snapshot only 0.46%
CROIC snapshot only -5.75%
NOPAT Margin snapshot only -3.96%
Pretax Margin snapshot only -15.64%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 9.16%
SBC / Revenue snapshot only 0.31%
Valuation
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
P/E Ratio 2.87 13.22 11.27 9.43 3.87 2.77 3.69 3.90 -12.56 -6.83 -6.33 -7.13 -36.28 -28.84 -30.88 -7.02 -3.11 -1.94 -1.41 -3.36 -2.597
P/S Ratio 0.90 0.94 0.90 0.73 0.62 0.45 0.53 0.61 0.58 0.67 0.70 0.85 0.78 0.69 0.48 0.35 0.26 0.22 0.23 0.53 0.413
P/B Ratio 1.74 1.93 1.62 1.34 1.14 0.83 0.78 0.83 0.75 0.80 1.03 1.28 1.18 1.10 0.84 0.60 0.44 0.36 0.47 1.09 0.931
P/FCF 7.46 5.95 6.89 5.59 8.71 17.53 10.80 -22.34 29.32 -938.54 -25.99 -248.11 -326.54 133.39 -21.18 -9.84 -3.16 -1.70 -2.35 -5.62 -5.624
P/OCF 4.71 4.10 4.36 3.36 3.68 3.32 3.07 5.96 4.05 5.98 10.87 10.60 8.86 6.51 4.94 3.55 4.71 29.91 11.02 70.56 70.561
EV/EBITDA 8.34 7.52 6.75 6.36 5.58 4.91 6.25 6.40 6.95 8.96 9.59 11.07 10.38 9.98 8.06 9.12 12.43 17.08 32.58 30.07 30.069
EV/Revenue 1.74 1.74 1.58 1.40 1.28 1.11 1.26 1.40 1.40 1.56 1.64 1.77 1.69 1.56 1.41 1.28 1.23 1.22 1.40 1.69 1.692
EV/EBIT 15.74 12.46 10.65 9.90 8.35 7.32 10.21 10.49 12.65 21.06 22.71 28.19 26.26 25.60 18.01 29.49 -3616.54 -39.40 -21.96 -33.32 -33.320
EV/FCF 14.39 10.94 12.08 10.69 18.06 43.37 25.53 -50.79 71.05 -2190.54 -60.77 -515.91 -709.11 300.77 -61.73 -36.38 -14.70 -9.40 -14.38 -17.87 -17.867
Earnings Yield 34.9% 7.6% 8.9% 10.6% 25.8% 36.1% 27.1% 25.6% -8.0% -14.7% -15.8% -14.0% -2.8% -3.5% -3.2% -14.2% -32.2% -51.6% -71.1% -29.8% -29.76%
FCF Yield 13.4% 16.8% 14.5% 17.9% 11.5% 5.7% 9.3% -4.5% 3.4% -0.1% -3.8% -0.4% -0.3% 0.7% -4.7% -10.2% -31.6% -58.8% -42.5% -17.8% -17.78%
PEG Ratio snapshot only 0.030
Price/Tangible Book snapshot only 1.289
EV/OCF snapshot only 224.152
EV/Gross Profit snapshot only 25.289
Shareholder Yield snapshot only 3.67%
Leverage & Solvency
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Current Ratio 3.14 3.14 2.49 2.49 2.49 2.49 2.31 2.31 2.31 2.31 2.84 2.84 2.84 2.84 2.47 2.47 2.47 2.47 2.46 2.46 2.465
Quick Ratio 1.73 1.73 1.22 1.22 1.22 1.22 0.80 0.80 0.80 0.80 0.95 0.95 0.95 0.95 0.69 0.69 0.69 0.69 0.67 0.67 0.667
Debt/Equity 2.00 2.00 1.33 1.33 1.33 1.33 1.13 1.13 1.13 1.13 1.52 1.52 1.52 1.52 1.70 1.70 1.70 1.70 2.53 2.53 2.532
Net Debt/Equity 1.62 1.62 1.22 1.22 1.22 1.22 1.06 1.06 1.06 1.06 1.38 1.38 1.38 1.38 1.61 1.61 1.61 1.61 2.38 2.38 2.383
Debt/Assets 0.52 0.52 0.44 0.44 0.44 0.44 0.42 0.42 0.42 0.42 0.48 0.48 0.48 0.48 0.50 0.50 0.50 0.50 0.58 0.58 0.577
Debt/EBITDA 4.96 4.24 3.17 3.31 3.16 3.20 3.84 3.82 4.35 5.46 6.05 6.33 6.17 6.12 5.58 7.00 10.27 14.73 28.95 21.89 21.890
Net Debt/EBITDA 4.02 3.43 2.90 3.03 2.88 2.92 3.61 3.59 4.08 5.12 5.49 5.75 5.60 5.56 5.30 6.65 9.76 13.99 27.25 20.60 20.604
Interest Coverage 1.98 2.81 3.38 3.71 4.29 4.42 3.40 3.38 2.48 1.42 1.30 1.10 1.11 1.10 1.44 0.79 -0.01 -0.50 -0.97 -0.74 -0.740
Equity Multiplier 3.87 3.87 3.00 3.00 3.00 3.00 2.68 2.68 2.68 2.68 3.17 3.17 3.17 3.17 3.43 3.43 3.43 3.43 4.38 4.38 4.384
Cash Ratio snapshot only 0.230
Debt Service Coverage snapshot only 0.820
Cash to Debt snapshot only 0.059
FCF to Debt snapshot only -0.077
Defensive Interval snapshot only 536.3 days
Efficiency & Turnover
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Asset Turnover 0.55 0.59 0.57 0.58 0.58 0.59 0.56 0.52 0.50 0.46 0.46 0.47 0.47 0.50 0.51 0.50 0.48 0.47 0.47 0.48 0.476
Inventory Turnover 2.23 2.31 2.45 2.49 2.48 2.51 2.25 2.12 2.08 2.00 1.77 1.83 1.86 1.94 1.73 1.72 1.71 1.68 1.65 1.70 1.698
Receivables Turnover 6.41 6.79 6.10 6.23 6.26 6.30 6.85 6.34 6.04 5.58 8.55 8.74 8.82 9.25 11.06 10.93 10.61 10.23 10.43 10.50 10.505
Payables Turnover 7.24 7.50 6.74 6.86 6.82 6.91 6.15 5.78 5.67 5.45 5.45 5.63 5.72 5.99 5.36 5.33 5.28 5.20 5.38 5.55 5.551
DSO 57 54 60 59 58 58 53 58 60 65 43 42 41 39 33 33 34 36 35 35 34.7 days
DIO 164 158 149 146 147 145 162 172 175 183 206 200 196 188 211 212 214 217 222 215 214.9 days
DPO 50 49 54 53 54 53 59 63 64 67 67 65 64 61 68 68 69 70 68 66 65.8 days
Cash Conversion Cycle 170 163 155 152 152 150 156 167 172 181 182 177 174 166 176 177 179 183 189 184 183.9 days
Fixed Asset Turnover snapshot only 1.046
Operating Cycle snapshot only 249.7 days
Cash Velocity snapshot only 13.815
Capital Intensity snapshot only 2.133
Growth (YoY)
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue 18.7% 30.1% 29.5% 24.6% 11.8% 6.3% -3.3% -12.3% -16.9% -23.7% -17.5% -8.8% -3.4% 9.6% 7.9% 4.2% 0.2% -7.8% -5.9% -4.0% -4.05%
Net Income 67.9% -73.2% -70.5% -70.4% -43.4% 1.4% 73.8% 78.1% -1.2% -1.5% -1.6% -1.7% 55.0% 73.1% 84.8% 56.9% -3.0% -3.4% -8.8% -2.1% -2.08%
EPS 61.2% -75.5% -72.8% -71.4% -43.2% 1.4% 79.7% 81.4% -1.2% -1.5% -1.6% -1.7% 55.7% 73.3% 84.9% 57.1% -3.0% -3.4% -8.8% -2.1% -2.07%
FCF 1.0% 2.8% 1.9% 57.4% -34.5% -82.9% -63.7% -1.2% -76.9% -1.0% -1.5% 88.6% -1.1% 9.0% 9.1% -9.7% -34.1% -24.1% -3.0% -1.6% -1.58%
EBITDA 28.3% 48.0% 40.2% 33.0% 22.9% 3.6% -17.1% -13.0% -27.2% -41.2% -29.7% -33.2% -22.0% -1.4% 9.8% -8.4% -39.1% -57.9% -76.9% -61.6% -61.59%
Op. Income 90.0% 1.4% 1.1% 64.4% 34.2% 3.5% -20.6% -13.4% -38.5% -61.5% -59.4% -63.4% -54.5% -16.4% 17.7% -29.1% -96.2% -1.5% -1.8% -2.2% -2.25%
OCF Growth snapshot only -92.59%
Asset Growth snapshot only 2.96%
Equity Growth snapshot only -19.48%
Debt Growth snapshot only 20.07%
Shares Change snapshot only 0.47%
Dividend Growth snapshot only -29.11%
Growth (CAGR)
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue 3Y 21.4% 23.2% 25.2% 27.3% 21.0% 15.8% 9.3% 2.4% 3.3% 1.8% 1.1% -0.1% -3.5% -3.9% -4.9% -5.9% -7.0% -8.3% -5.7% -3.0% -3.03%
Revenue 5Y 9.1% 10.8% 11.3% 10.8% 10.0% 11.2% 10.6% 10.2% 10.7% 8.7% 9.4% 10.5% 7.3% 5.3% 3.1% 0.4% 1.3% 1.3% 1.0% -0.1% -0.08%
EPS 3Y 2.0% -11.4% 3.2%
EPS 5Y 57.7%
Net Income 3Y 2.3% -4.3% 3.6%
Net Income 5Y 65.6%
EBITDA 3Y 25.2% 27.2% 25.7% 23.3% 29.6% 28.0% 20.9% 12.7% 4.7% -3.4% -6.5% -8.2% -11.3% -15.6% -13.8% -19.0% -29.8% -37.5% -43.7% -38.3% -38.29%
EBITDA 5Y 28.7% 47.2% 38.9% 34.7% 32.4% 24.3% 19.1% 17.2% 11.9% 4.6% 3.0% 1.7% 4.3% 4.0% 6.4% -2.6% -11.4% -17.8% -27.0% -22.9% -22.93%
Gross Profit 3Y 15.2% 19.2% 21.6% 25.5% 31.4% 29.6% 21.5% 9.7% 2.3% -6.1% -9.4% -11.7% -16.6% -18.7% -17.7% -19.6% -24.4% -28.4% -32.5% -35.7% -35.69%
Gross Profit 5Y 40.3% 36.7% 29.4% 23.8% 20.0% 18.2% 13.3% 9.3% 5.1% -0.6% -1.5% -0.7% 0.6% 1.2% 1.5% -3.0% -6.7% -10.1% -16.2% -21.4% -21.45%
Op. Income 3Y 31.0% 40.9% 42.4% 37.1% 65.4% 67.2% 68.9% 41.9% 16.2% -1.1% -11.8% -19.6% -27.8% -30.7% -27.6% -39.2% -78.0%
Op. Income 5Y 1.2% 67.9% 55.4% 38.8% 27.5% 24.1% 13.2% 2.2% -1.4% -4.0% 4.8% 8.5% 18.2% -5.8% -51.3%
FCF 3Y 72.8% 74.3% 1.1% 68.9% 31.6% -7.6% -11.2% -32.6% -69.3%
FCF 5Y 27.2% 28.5% 38.4% 25.7% 10.3% -13.5% -1.4% -4.9% -33.1%
OCF 3Y 55.5% 55.0% 63.3% 55.1% 33.8% 19.3% 10.7% -4.1% 3.2% -1.7% -19.7% -23.3% -25.7% -25.7% -26.0% -27.9% -35.5% -65.2% -53.5% -59.5% -59.45%
OCF 5Y 18.2% 22.2% 28.5% 24.1% 17.2% 11.5% 17.0% 9.6% 21.0% 7.9% 1.6% 1.9% 0.1% 2.3% -7.4% -4.5% -16.0% -42.4% -29.9% -46.8% -46.84%
Assets 3Y 10.5% 10.5% 8.9% 8.9% 8.9% 8.9% 6.2% 6.2% 6.2% 6.2% -2.3% -2.3% -2.3% -2.3% 0.3% 0.3% 0.3% 0.3% -0.5% -0.5% -0.47%
Assets 5Y 5.3% 5.3% 3.9% 3.9% 3.9% 3.9% 5.3% 5.3% 5.3% 5.3% 5.7% 5.7% 5.7% 5.7% 2.8% 2.8% 2.8% 2.8% -1.1% -1.1% -1.09%
Equity 3Y 27.0% 27.0% 42.9% 42.9% 42.9% 42.9% 46.6% 46.6% 46.6% 46.6% 4.5% 4.5% 4.5% 4.5% -4.1% -4.1% -4.1% -4.1% -15.6% -15.6% -15.58%
Book Value 3Y 17.8% 17.6% 31.0% 31.5% 40.5% 38.3% 42.5% 42.4% 42.3% 42.8% 2.3% 3.7% 4.4% 4.7% -3.7% -3.8% -4.0% -4.4% -16.3% -16.0% -15.98%
Dividend 3Y 5.1% 7.3% 7.8% -2.7% 15.6% 8.5% 7.1% 15.8% 4.0% 4.0% -1.3% -0.7% -6.0% -5.3% -3.1% -3.2% -9.6% -10.3% -16.4% -11.3% -11.26%
Growth Quality
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue Stability 0.60 0.69 0.71 0.66 0.77 0.87 0.90 0.75 0.69 0.51 0.51 0.48 0.29 0.13 0.04 0.03 0.00 0.00 0.00 0.01 0.014
Earnings Stability 0.55 0.44 0.35 0.34 0.49 0.37 0.34 0.36 0.06 0.03 0.00 0.01 0.01 0.12 0.14 0.22 0.32 0.74 0.80 0.81 0.812
Margin Stability 0.61 0.64 0.70 0.77 0.84 0.85 0.87 0.89 0.88 0.84 0.82 0.81 0.80 0.77 0.78 0.78 0.74 0.71 0.66 0.60 0.604
Rev. Growth Consistency 1.00 1.00 1.00 0.50 1.00 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 0.00 0.00 0.000
Earn. Growth Consistency 1.00 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.50 0.00 0.00 0.00 0.00 0.000
FCF Positive Streak 1 1 1 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0
Earnings Persistence 0.50 0.50 0.50 0.50 0.83 0.50 0.50 0.50 0.20 0.20 0.20 0.20 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.500
Earnings Smoothness 0.00 0.00 0.00 0.00 0.45 0.18 0.46 0.44
ROE Trend 0.67 -0.39 -0.07 -0.11 -0.02 -0.39 -0.15 -0.14 -0.51 -0.34 -0.34 -0.36 -0.15 -0.13 -0.05 -0.10 -0.10 -0.11 -0.24 -0.19 -0.193
Gross Margin Trend 0.02 0.04 0.05 0.05 0.04 0.02 0.00 -0.01 -0.04 -0.08 -0.08 -0.09 -0.09 -0.07 -0.04 -0.03 -0.04 -0.04 -0.07 -0.09 -0.089
FCF Margin Trend 0.06 0.11 0.06 0.05 -0.03 -0.08 -0.05 -0.14 -0.08 -0.09 -0.12 -0.06 -0.05 -0.01 -0.03 -0.02 -0.09 -0.13 -0.07 -0.08 -0.075
Sustainable Growth Rate 80.5% 15.7% 12.0% 12.5% 27.5% 28.0% 18.8% 19.1%
Internal Growth Rate 20.0% 3.4% 3.6% 3.8% 8.8% 9.0% 7.1% 7.3%
Cash Flow Quality
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
OCF/Net Income 0.61 3.23 2.59 2.81 1.05 0.84 1.20 0.65 -3.10 -1.14 -0.58 -0.67 -4.10 -4.43 -6.25 -1.98 -0.66 -0.06 -0.13 -0.05 -0.048
FCF/OCF 0.63 0.69 0.63 0.60 0.42 0.19 0.28 -0.27 0.14 -0.01 -0.42 -0.04 -0.03 0.05 -0.23 -0.36 -1.49 -17.57 -4.68 -12.55 -12.545
FCF/Net Income snapshot only 0.597
OCF/EBITDA snapshot only 0.134
CapEx/Revenue 7.1% 7.2% 7.6% 8.7% 9.7% 10.9% 12.4% 13.1% 12.3% 11.2% 9.2% 8.4% 9.0% 10.1% 12.0% 13.3% 13.9% 13.7% 11.8% 10.2% 10.22%
CapEx/Depreciation snapshot only 0.955
Accruals Ratio 0.07 -0.09 -0.07 -0.08 -0.00 0.02 -0.02 0.03 -0.09 -0.10 -0.08 -0.09 -0.05 -0.06 -0.06 -0.07 -0.07 -0.06 -0.09 -0.08 -0.079
Sloan Accruals snapshot only -0.040
Cash Flow Adequacy snapshot only 0.062
Dividends & Buybacks
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Dividend Yield 1.6% 1.7% 2.0% 1.9% 3.4% 4.8% 4.7% 4.5% 5.5% 5.1% 4.4% 3.5% 3.5% 3.8% 5.4% 7.5% 7.6% 9.4% 7.3% 3.6% 2.65%
Dividend/Share $0.30 $0.35 $0.41 $0.33 $0.49 $0.50 $0.56 $0.56 $0.61 $0.61 $0.57 $0.56 $0.50 $0.51 $0.51 $0.50 $0.37 $0.37 $0.30 $0.35 $0.20
Payout Ratio 4.6% 22.6% 22.7% 18.4% 13.3% 13.3% 17.5% 17.5%
FCF Payout Ratio 12.1% 10.2% 13.9% 10.9% 30.0% 84.0% 51.2% 1.6% 5.1%
Total Payout Ratio 4.9% 23.8% 23.8% 27.6% 20.3% 21.7% 27.6% 22.4%
Div. Increase Streak 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0
Chowder Number 0.47 0.57 0.65 0.20 0.66 0.46 0.39 0.74 0.29 0.27 0.07 0.04 -0.13 -0.12 -0.05 -0.03 -0.19 -0.18 -0.33 -0.26 -0.255
Buyback Yield 0.1% 0.1% 0.1% 1.0% 1.8% 3.0% 2.7% 1.3% 0.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.1% 0.1% 0.0% 0.0% 0.1% 0.06%
Net Buyback Yield 0.1% -0.1% -0.1% 0.7% 1.5% 3.0% 2.7% 1.3% 0.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.1% 0.1% 0.0% 0.0% 0.1% 0.06%
Total Shareholder Return 1.7% 1.6% 1.9% 2.7% 5.0% 7.8% 7.5% 5.7% 6.0% 5.1% 4.4% 3.5% 3.5% 3.8% 5.4% 7.6% 7.7% 9.4% 7.3% 3.7% 3.67%
DuPont Factors
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Tax Burden (NI/EBT) 5.44 0.77 0.76 0.75 1.36 1.38 1.61 1.64 -0.67 -4.44 -6.45 -20.47 -3.32 -2.85 -0.66 4.29 1.46 1.23 1.03 1.01 1.013
Interest Burden (EBT/EBIT) 0.52 0.67 0.70 0.73 0.77 0.77 0.72 0.72 0.62 0.30 0.24 0.09 0.10 0.14 0.30 -0.27 171.00 3.00 2.49 3.08 3.081
EBIT Margin 0.11 0.14 0.15 0.14 0.15 0.15 0.12 0.13 0.11 0.07 0.07 0.06 0.06 0.06 0.08 0.04 -0.00 -0.03 -0.06 -0.05 -0.051
Asset Turnover 0.55 0.59 0.57 0.58 0.58 0.59 0.56 0.52 0.50 0.46 0.46 0.47 0.47 0.50 0.51 0.50 0.48 0.47 0.47 0.48 0.476
Equity Multiplier 4.84 4.84 3.40 3.40 3.40 3.40 2.83 2.83 2.83 2.83 2.90 2.90 2.90 2.90 3.29 3.29 3.29 3.29 3.85 3.85 3.855
Per Share
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
EPS (Diluted TTM) $6.50 $1.56 $1.79 $1.77 $3.69 $3.79 $3.22 $3.22 $-0.89 $-1.75 $-2.02 $-2.21 $-0.40 $-0.47 $-0.30 $-0.95 $-1.58 $-2.04 $-2.96 $-2.91 $-2.91
Book Value/Share $10.68 $10.68 $12.48 $12.50 $12.58 $12.70 $15.25 $15.05 $15.03 $15.03 $12.35 $12.31 $12.15 $12.25 $11.14 $11.14 $11.12 $11.10 $8.94 $8.92 $8.31
Tangible Book/Share $9.42 $9.41 $11.12 $11.14 $11.22 $11.32 $13.64 $13.45 $13.44 $13.44 $10.80 $10.76 $10.63 $10.71 $9.60 $9.59 $9.58 $9.56 $7.59 $7.58 $7.58
Revenue/Share $20.61 $21.83 $22.35 $22.85 $23.12 $23.50 $22.35 $20.41 $19.43 $17.94 $18.17 $18.53 $18.47 $19.51 $19.45 $19.21 $18.62 $17.93 $18.24 $18.35 $18.35
FCF/Share $2.50 $3.46 $2.93 $2.99 $1.64 $0.60 $1.10 $-0.56 $0.38 $-0.01 $-0.49 $-0.06 $-0.04 $0.10 $-0.44 $-0.68 $-1.55 $-2.33 $-1.77 $-1.74 $-1.73
OCF/Share $3.95 $5.03 $4.63 $4.98 $3.89 $3.17 $3.87 $2.11 $2.77 $2.00 $1.17 $1.49 $1.62 $2.07 $1.90 $1.88 $1.04 $0.13 $0.38 $0.14 $0.14
Cash/Share $4.08 $4.07 $1.43 $1.43 $1.44 $1.45 $1.06 $1.05 $1.05 $1.05 $1.74 $1.74 $1.71 $1.73 $0.96 $0.95 $0.95 $0.95 $1.33 $1.33 $0.79
EBITDA/Share $4.31 $5.04 $5.24 $5.03 $5.31 $5.29 $4.49 $4.46 $3.91 $3.12 $3.11 $2.96 $3.00 $3.05 $3.39 $2.70 $1.84 $1.28 $0.78 $1.03 $1.03
Debt/Share $21.40 $21.39 $16.62 $16.65 $16.77 $16.93 $17.27 $17.03 $17.02 $17.01 $18.82 $18.76 $18.53 $18.67 $18.92 $18.91 $18.88 $18.85 $22.63 $22.59 $22.59
Net Debt/Share $17.32 $17.31 $15.20 $15.22 $15.33 $15.48 $16.20 $15.99 $15.97 $15.97 $17.08 $17.02 $16.81 $16.94 $17.96 $17.95 $17.93 $17.90 $21.30 $21.27 $21.27
Academic Models
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Altman Z-Score 0.852
Altman Z-Prime snapshot only 1.618
Piotroski F-Score 7 7 5 5 6 5 6 5 4 4 3 3 4 6 5 4 4 2 3 3 3
Beneish M-Score -1.29 -2.19 -2.73 -2.75 -2.41 -2.21 -2.63 -2.57 -3.08 -2.85 -2.89 -3.07 -2.90 -2.99 -3.08 -2.89 -2.66 -2.39 -0.78 -1.87 -1.873
Ohlson O-Score snapshot only -5.434
ROIC (Greenblatt) snapshot only -3.58%
Net-Net WC snapshot only $-15.75
EVA snapshot only $-595040000.00
Credit
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Credit Rating snapshot only CCC
Credit Score 37.10 39.29 43.12 43.06 42.06 41.95 42.20 40.72 37.68 30.71 30.01 29.09 28.99 30.73 29.35 20.43 17.16 17.11 15.85 15.91 15.908
Credit Grade snapshot only 17
Credit Trend snapshot only -4.522
Implied Spread (bps) snapshot only 1200.000
Industry Credit Rank snapshot only 5
Sector Credit Rank snapshot only 4

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