Valhi Inc (VHI) financials
Valhi revenue and earnings by year
Valhi's revenue was $2.14 billion in the fiscal year to December 31, 2025, down 1.4% from the year before. Net income was -$57.6 million, -2.7% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 3.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.14 | 2.17 | 1.98 | 2.27 | 2.34 | 1.88 | 1.94 | 1.89 | 1.90 | 1.56 |
| Revenue growth | -1.4% | 9.6% | -12.8% | -3.0% | 24.3% | -3.1% | 2.6% | -0.8% | 22.2% | — |
| Gross profit | 0.35 | 0.49 | 0.30 | 0.53 | 0.62 | 0.44 | 0.48 | 0.68 | 0.64 | 0.35 |
| Gross margin | 16.6% | 22.4% | 15.2% | 23.6% | 26.5% | 23.5% | 24.5% | 35.9% | 33.5% | 22.3% |
| Operating income | 0.01 | 0.29 | 0.01 | 0.20 | 0.29 | 0.14 | 0.15 | 0.29 | 0.36 | 0.10 |
| Operating margin | 0.4% | 13.6% | 0.4% | 8.7% | 12.4% | 7.3% | 7.5% | 15.5% | 18.8% | 6.3% |
| Net income | -0.06 | 0.11 | -0.01 | 0.09 | 0.13 | 0.06 | 0.05 | 0.26 | 0.21 | -0.02 |
| Net margin | -2.7% | 5.0% | -0.5% | 3.8% | 5.4% | 2.9% | 2.5% | 13.9% | 10.9% | -1.0% |
| Diluted EPS | -$2.02 | $3.79 | -$0.35 | $3.06 | $4.46 | $1.94 | $1.69 | $9.16 | $7.32 | -$0.60 |
| Free cash flow | -0.08 | 0.02 | -0.04 | -0.03 | 0.42 | 0.09 | 0.12 | 0.12 | 0.19 | 0.02 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open VHI in Markets.
How Valhi makes money
Revenue by segment in the quarter to March 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Chemicals | $510M | 91.0% |
| Component Products | $40.6M | 7.2% |
| Real Estate Management & Development | $9.70M | 1.7% |
See also: VHI valuation and P/E history · VHI returns
No forecast, no recommendation. This page describes Valhi Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.