Company Analysis

Tronox Limited CL A (TROX)

NYSE: TROX · Industrial Inorganic Chemicals · Stamford, CT · filing with the SEC since 2011
Grade3.1
◀ Past 4.7● Present 2.6▶ Future 2.3

The grade of Tronox Limited CL A

Nine metrics read from its own filings, by tense
Headline grade
3.1/10
◀ Past4.730% of the headline
● Present2.640% of the headline
▶ Future2.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

4.7/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.5/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2020-02-28.

weight 33% of this tense · 55th percentile among 11 sector filers · read for itself

From the record

Tronox Limited CL A's filings since 2017 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2020-02-28) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.3/10

What has it actually done, year after year?

+9.2% a year over 10 filed years; profitable in 3 of 10.

weight 45% of this tense · 53rd percentile among 10 sector filers · read for its customers

From the record

Tronox Limited CL A's 10 filed years say what it did: revenue went from $1.3 billion in fiscal 2016 to $2.9 billion in fiscal 2025, up 9.2% a year; it rose in 6 of 9 years; the deepest fall was 20% from fiscal 2021 to fiscal 2023; net income was positive in 3 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span9.2%top 17% of its family
  • the share of years revenue rosetop 20% of its family
  • the share of filed years with a profitbottom 15% of its family
  • the deepest fall from a revenue peak20.2%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.1/10

How has it treated the people who own it?

Share count grew 0.3% a year. 40% of cash flow returned. Insiders: 7 sales, 1 purchases.

weight 22% of this tense · 21st percentile among 9 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Tronox Limited CL A's diluted share count grew about 0.3% a year, and dividends and buybacks returned about 40% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 7 sales and 1 purchase of their own stock on the open market in the year to 2026-11-10, buying about $53 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 15% of its family
  • cash returned against operating cash flowbottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

2.6/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
1.3/10

Is it financially healthy right now?

ROE -32%: lost 32¢ per shareholder dollar. Leverage 77%: owes 77¢ per asset dollar.

weight 45% of this tense · 13th percentile among 10 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Tronox Limited CL A lost about 32 cents for every dollar of shareholders' money, and gross profitability: its products earned about 4 cents per dollar of everything the company owns. Leverage: it owed about 77 cents per dollar of assets, and net share issuance: its share count grew 0.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 5% of its family
  • return on equitybottom 5% of its family
  • gross profit against assetsbottom 6% of its family
  • the share count against the year beforebottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.5/10

How strong is its position in its industry?

bottom 35% of 9 in its family; net margin -16.2%.

weight 33% of this tense · 35th percentile among 9 sector filers · read for its customers

From the record

Tronox Limited CL A's standing among 9 graded names in its industry family: revenue of $2.9 billion in fiscal 2025 ranks in the top 28% by size; a net margin of -16.2% ranks in the bottom 17%; revenue growth of -5.7% a year over the last 3 filed years ranks in the bottom 17% (its annual reports).

What it rests on

  • revenue against the family$2.90Btop 28% of its family
  • net margin-16.2%bottom 17% of its family
  • three-year revenue growth-5.7%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.8/10

What are the people in charge doing?

bottom 38% of 9 in its family for leadership; chief executive since 2020.

weight 22% of this tense · 38th percentile among 9 sector filers · read for its shareholders

From the record

Tronox Limited CL A's leadership, from its insiders' filings and its current reports: the chief executive on the record is Romano, John D (CEO and Director, as filed), filing under that title since 2020-12-29, 5.9 years (top 50% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 8.1 years (top 50%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (bottom 14%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 14 peoplebottom 14% of its family
  • the median years the people in charge have filed8.1 yearstop 50% of its family
  • the chief executive's years on the record5.9 yearstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

2.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
1.8/10

How much room does it have to grow?

bottom 18% of 9 in its family for room to expand.

weight 45% of this tense · 18th percentile among 9 sector filers · read for itself

From the record

Tronox Limited CL A's room to grow, from the newest filed statements (fiscal 2025): cash of $199 million against debt of $3.1 billion leaves -47.2% of its assets as net cash, bottom 5% of its family; cash from operations less capital spending is -9.7% of revenue (bottom 28%); a gross margin of 9.3% (bottom 6%); research spending of 0.5% of revenue (bottom 31%) (its annual report).

What it rests on

  • cash less debt against assets-47.2%bottom 5% of its family
  • cash from operations less capital spending against revenue-9.7%bottom 28% of its family
  • gross margin9.3%bottom 6% of its family
  • research spending against revenue0.5%bottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.2/10

What could actually drive growth from here?

bottom 32% of 10 in its family for growth drivers.

weight 33% of this tense · 32nd percentile among 10 sector filers · read for its customers

From the record

Tronox Limited CL A's growth drivers, from the filed years to fiscal 2025: revenue grew -5.7% a year over the last three filed years against 9.2% over all 10, slowing (bottom 17% of its family); the newest year grew -5.7% (bottom 6%); research spending grew 7.7% a year (top 19%); capital spending grew -7.3% a year (bottom 25%) (its annual reports). Tronox Limited CL A reported 3 product lines in fiscal 2025: Ti O2 at $2.3 billion (79%), Product and Service Other at $326 million (11%), Zircon at $274 million (10%); 0 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-14.9 points a yearbottom 17% of its family
  • the newest year's revenue growth-5.7%bottom 6% of its family
  • three-year growth of research spending7.7%top 19% of its family
  • three-year growth of capital spending-7.3%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.0/10

Did its newest year beat what its own record pointed to?

bottom 20% of 9 in its family for expectations against reality.

weight 22% of this tense · 20th percentile among 9 sector filers · read for its shareholders

From the record

Tronox Limited CL A's newest year against its own record: revenue of $2.9 billion in fiscal 2025 came in 0.1% below the $2.9 billion its prior three years' pace pointed to (bottom 28% of its family); net income of $470 million against a prior three-year average of $44 million (bottom 5%); a net margin of -16.2% against 0.6% before (bottom 28%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-0.1%bottom 28% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 5% of its family
  • net margin against its prior average-16.8 pointsbottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton TROX · research, not advice