Valuation, from the filing
| Public float | $39.40M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $1.39 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 0.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
0.4× earnings today, against a median of 0.5× across 7 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2024-06-30 | $43.40M | 0.4× | |
| 2022-06-30 | $109.60M | 1.3× | |
| 2021-06-30 | $58.80M | 0.5× | |
| 2020-06-30 | $25.30M | 0.5× | |
| 2019-06-28 | $85.60M | 1.7× | |
| 2018-06-30 | $137.00M | 0.5× | |
| 2017-06-30 | $74.70M | 0.4× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Industrial Inorganic Chemicals filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| CapEx / revenue | 2.2% | 14th | |
| Long-term debt / equity | 0.43x | 17th | |
| FCF margin | -4.0% | 17th | |
| Current ratio | 2.80x | 80th | |
| Gross margin | 14.2% | 29th | |
| R&D / revenue | 0.8% | 57th | |
| Net margin | -2.8% | 44th | |
| Operating margin | 3.0% | 56th | |
| Revenue YoY growth | -1.3% | 50th |
VALHI INC /DE/ (VHI) reported revenue of $2.16B and net income of -$51.10M for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from VALHI INC /DE/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Industrial Inorganic Chemicals.
Income
| Metric | 2026-06-30 |
|---|---|
| Revenue | $2.16B |
| Cost of revenue | $1.85B |
| Gross profit | $317.90M |
| Operating income | $78.30M |
| Net income | -$51.10M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | -$27.90M |
| Income tax expense | $14.00M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $310.90M |
| General & administrative | $34.20M |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-30 |
|---|---|
| Cash & equivalents | $209.70M |
| Total assets | $2.57B |
| Current assets | $1.22B |
| Total liabilities | Unavailable |
| Current liabilities | $361.20M |
| Total equity incl. NCI | $1.40B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $530.90M |
| Accounts receivable | Unavailable |
| Goodwill | $382.30M |
| Long-term debt | $586.70M |
| Accounts payable | $179.20M |
Cash flow
| Metric | 2026-06-30 |
|---|---|
| Operating cash flow | $111.70M |
| Capital expenditures | $49.00M |
| Investing cash flow | -$44.30M |
| Financing cash flow | -$68.00M |
| Net change in cash | Unavailable |
| Stock-based compensation | Unavailable |
| Common dividends paid | $9.10M |
| Common share repurchases | Unavailable |
| Depreciation & amortization | $68.50M |
Derived
| Metric | 2026-06-30 |
|---|---|
| Free cash flow | $62.70M |
| Gross margin | 14.7% |
| Operating margin | 3.6% |
| FCF margin | 2.9% |
| SBC / revenue | Unavailable |
| Current ratio | 3.37x |
| Revenue YoY growth | 3.4% |
| Net margin | -2.4% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 2.3% |
| Long-term debt / equity | 0.42x |
| Effective tax rate | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open VHI in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.