Valhi, Inc. (VHI)

From the record

Valhi, Inc.'s filings since 2017 show 5 warning events of 2 kinds: a debt default or acceleration notice (8-K item 2.04, 4 times, the latest 2021-04-26); a notice about its exchange listing (8-K item 3.01, the latest 2020-04-24) (its current reports).

From the record

Valhi, Inc.'s 10 filed years say what it did: revenue went from $1.5 billion in fiscal 2016 to $2.1 billion in fiscal 2025, up 3.5% a year; it rose in 4 of 9 years; the deepest fall was 16% from fiscal 2021 to fiscal 2023; net income was positive in 7 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Valhi, Inc.'s diluted share count held steady, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Valhi, Inc. lost about 4 cents for every dollar of shareholders' money, and gross profitability: its products earned about 11 cents per dollar of everything the company owns. Leverage: it owed about 48 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).

From the record

Valhi, Inc.'s standing among 9 graded names in its industry family: revenue of $2.1 billion in fiscal 2025 ranks in the top 39% by size; a net margin of -2.8% ranks in the top 50%; revenue growth of -2.2% a year over the last 3 filed years ranks in the bottom 39% (its annual reports).

From the record

Valhi, Inc.'s leadership, from its insiders' filings and its current reports: no one files under a chief executive's title, so that part is not read; the 7 officers and directors filing in the last fifteen months have been on the record a median of 8.6 years (top 39%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (bottom 32%; 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.

From the record

Valhi, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $214 million against debt of $591 million leaves -14.3% of its assets as net cash, top 45% of its family; cash from operations less capital spending is -4% of revenue (bottom 39%); a gross margin of 14.2% (bottom 31%); research spending of 0.8% of revenue (top 44%) (its annual report).

From the record

Valhi, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -2.2% a year over the last three filed years against 3.5% over all 10, slowing (top 39% of its family); the newest year grew -1.3% (top 50%); research spending grew 2% a year (bottom 44%); capital spending grew -11.7% a year (bottom 15%) (its annual reports). Valhi, Inc. reported 3 lines of business in fiscal 2025: Chemicals at $1.9 billion (90%), Component Products at $158 million (8%), Real Estate Management and Development at $59 million (3%); 1 of 3 grew against the year before (its annual report).

From the record

Valhi, Inc.'s newest year against its own record: revenue of $2.1 billion in fiscal 2025 came in 1.4% above the $2.0 billion its prior three years' pace pointed to (bottom 39% of its family); net income of $58 million against a prior three-year average of $62 million (bottom 35%); a net margin of -2.8% against 2.8% before (top 39%) (its annual reports).