Valhi, Inc. (VHI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 560.1M | 494.5M | 503.5M | 540.4M | 538.6M | 480.9M | 533.6M | 559.7M | 530.6M | 453M | 468.9M | 507.1M | 492.7M | 402.6M | 556.3M | 634.6M | 629M | 683.2M | 578.9M | 525.3M |
| Revenue Growth % | 3.99% | 2.83% | -5.64% | -3.45% | 1.51% | 6.16% | 13.8% | 10.37% | 7.69% | 12.52% | -15.71% | -20.09% | -21.67% | -41.07% | -3.9% | 20.81% | 23.58% | 32.2% | 26.23% | 26.58% |
| Cost of Goods Sold | 457.1M | 460.3M | 442.9M | 462.3M | 416.1M | 380.3M | 417.3M | 438.4M | 444.3M | 388M | 408.3M | 441.6M | 438.6M | 350M | 435.9M | 487.9M | 458.3M | 489.6M | 426.2M | 400.7M |
| COGS % of Revenue | 81.61% | 93.08% | 87.96% | 85.55% | 77.26% | 79.08% | 78.2% | 78.33% | 83.74% | 85.65% | 87.08% | 87.08% | 89.02% | 86.93% | 78.36% | 76.88% | 72.86% | 71.66% | 73.62% | 76.28% |
| Gross Profit | 103M | 34.2M | 60.6M | 78.1M | 122.5M | 100.6M | 116.3M | 121.3M | 86.3M | 65M | 60.6M | 65.5M | 54.1M | 52.6M | 120.4M | 146.7M | 170.7M | 193.6M | 152.7M | 124.6M |
| Gross Margin % | 18.39% | 6.92% | 12.04% | 14.45% | 22.74% | 20.92% | 21.8% | 21.67% | 16.26% | 14.35% | 12.92% | 12.92% | 10.98% | 13.07% | 21.64% | 23.12% | 27.14% | 28.34% | 26.38% | 23.72% |
| Gross Profit Growth % | -15.92% | -66% | -47.89% | -35.61% | 41.95% | 54.77% | 91.91% | 85.19% | 59.52% | 23.57% | -49.67% | -55.35% | -68.31% | -72.83% | -21.15% | 17.74% | 56.18% | 63.1% | 70.23% | 19.81% |
| Operating Expenses | 76.2M | 77M | 77.6M | 79.9M | 79.3M | 39.3M | 74.8M | 75.5M | 69.2M | 72.9M | 60.6M | 75.9M | 68.8M | 85M | 85.1M | 82.3M | 80.5M | 101.1M | 86.5M | 83.1M |
| OpEx % of Revenue | 13.6% | 15.57% | 15.41% | 14.79% | 14.72% | 8.17% | 14.02% | 13.49% | 13.04% | 16.09% | 12.92% | 14.97% | 13.96% | 21.11% | 15.3% | 12.97% | 12.8% | 14.8% | 14.94% | 15.82% |
| Selling, General & Admin | 75.5M | 77M | 77.6M | 79.9M | 79.3M | 39.3M | 74.8M | 75.5M | 69.2M | 72.9M | 70.4M | 0 | 68.8M | 70M | 0 | 0 | 0 | 84.1M | 86.5M | 83.1M |
| SG&A % of Revenue | 13.48% | 15.57% | 15.41% | 14.79% | 14.72% | 8.17% | 14.02% | 13.49% | 13.04% | 16.09% | 15.01% | - | 13.96% | 17.39% | - | - | - | 12.31% | 14.94% | 15.82% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15M | 0 | 0 | 0 | 17M | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | 2.91% | - | - | - | - | - | - | - | 3.73% | - | - | - | 2.49% | - | - |
| Other Operating Expenses | 700K | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | -1000K | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 | 0 |
| Operating Income | 26.8M | -42.8M | -17M | -1.8M | 43.2M | 61.3M | 41.5M | 45.8M | 17.1M | -7.9M | 0 | -10.4M | -14.7M | -32.4M | 35.3M | 64.4M | 90.2M | 92.5M | 66.2M | 41.5M |
| Operating Margin % | 4.78% | -8.66% | -3.38% | -0.33% | 8.02% | 12.75% | 7.78% | 8.18% | 3.22% | -1.74% | - | -2.05% | -2.98% | -8.05% | 6.35% | 10.15% | 14.34% | 13.54% | 11.44% | 7.9% |
| Operating Income Growth % | -37.96% | -169.82% | -140.96% | -103.93% | 152.63% | 875.95% | - | 540.38% | 216.33% | 75.62% | -100% | -116.15% | -116.3% | -135.03% | -46.68% | 55.18% | 164.52% | 127.83% | 362.94% | 41.16% |
| EBITDA | 43.7M | -25.4M | 100K | 14.7M | 58.6M | 76.8M | 60.3M | 65.7M | 29.6M | 5.5M | 11.1M | 2.2M | -400K | -18.5M | 49.4M | 79.1M | 104.7M | 107.2M | 80.9M | 56.3M |
| EBITDA Margin % | 7.8% | -5.14% | 0.02% | 2.72% | 10.88% | 15.97% | 11.3% | 11.74% | 5.58% | 1.21% | 2.37% | 0.43% | -0.08% | -4.6% | 8.88% | 12.46% | 16.65% | 15.69% | 13.97% | 10.72% |
| EBITDA Growth % | -25.43% | -133.07% | -99.83% | -77.63% | 97.97% | 1296.36% | 443.24% | 2886.36% | 7500% | 129.73% | -77.53% | -97.22% | -100.38% | -117.26% | -38.94% | 40.5% | 114.55% | 84.19% | 161.81% | 20.56% |
| D&A (Non-Cash Add-back) | 16.9M | 17.4M | 17.1M | 16.5M | 15.4M | 15.5M | 18.8M | 19.9M | 12.5M | 13.4M | 13.4M | 12.6M | 14.3M | 13.9M | 14.1M | 14.7M | 14.5M | 14.7M | 14.7M | 14.8M |
| EBIT | 26.8M | -66.5M | 7.3M | 29.3M | 44M | 82M | 133.3M | 49.5M | 29.3M | 13.8M | -2.3M | -10.4M | -2.8M | -12.2M | 35.3M | 64.4M | 90.2M | 118.6M | 66.2M | 49.3M |
| Net Interest Income | -11M | -11M | -14.9M | -10.3M | -8.9M | -7.8M | -13.4M | -11.9M | -5.8M | -300K | -7.2M | -7.2M | -2.2M | -2.3M | -7M | -7M | -5.8M | -6.1M | -7.9M | -8.7M |
| Interest Income | 3.7M | 4.2M | 0 | 3.5M | 4.3M | 5.5M | 0 | 0 | 5.5M | 6.6M | 0 | 0 | 4.8M | 4.7M | 0 | 0 | 1.1M | 1.2M | 0 | 0 |
| Interest Expense | 14.7M | 15.2M | 14.9M | 13.8M | 13.2M | 13.3M | 13.4M | 11.9M | 11.3M | 6.9M | 7.2M | 7.2M | 7M | 7M | 7M | 7M | 6.9M | 7.3M | 7.9M | 8.7M |
| Other Income/Expense | -12.7M | -38.9M | 9.4M | 17.3M | -12.4M | 7.4M | 78.4M | -8.2M | 900K | 14.8M | -9.5M | 3.3M | 4.9M | 30.2M | 13.7M | -8M | -6.9M | 20.8M | 5.2M | -900K |
| Pretax Income | 14.1M | -81.7M | -7.6M | 15.5M | 30.8M | 68.7M | 119.9M | 37.6M | 18M | 6.9M | -9.5M | -7.1M | -9.8M | -2.2M | 49M | 56.4M | 83.3M | 113.3M | 71.4M | 40.6M |
| Pretax Margin % | 2.52% | -16.52% | -1.51% | 2.87% | 5.72% | 14.29% | 22.47% | 6.72% | 3.39% | 1.52% | -2.03% | -1.4% | -1.99% | -0.55% | 8.81% | 8.89% | 13.24% | 16.58% | 12.33% | 7.73% |
| Income Tax | 6.3M | -18.4M | 14.3M | 8M | 8M | 36.3M | 34.3M | 7.9M | 4.4M | -3.8M | -7.8M | -6.8M | -6.1M | 8.3M | 8.2M | 14M | 19.9M | 24.9M | 16.9M | 10.3M |
| Effective Tax Rate % | 44.68% | 22.52% | -188.16% | 51.61% | 25.97% | 52.84% | 28.61% | 21.01% | 24.44% | -55.07% | 82.11% | 95.77% | 62.24% | -377.27% | 16.73% | 24.82% | 23.89% | 21.98% | 23.67% | 25.37% |
| Net Income | 2M | -53.2M | -22.2M | 900K | 16.9M | 22.8M | 57.5M | 19.9M | 7.8M | 3.9M | -5.8M | -3.2M | -4.9M | -9.4M | 26.2M | 28M | 45.4M | 52M | 39M | 21.4M |
| Net Margin % | 0.36% | -10.76% | -4.41% | 0.17% | 3.14% | 4.74% | 10.78% | 3.56% | 1.47% | 0.86% | -1.24% | -0.63% | -0.99% | -2.33% | 4.71% | 4.41% | 7.22% | 7.61% | 6.74% | 4.07% |
| Net Income Growth % | -88.17% | -333.33% | -138.61% | -95.48% | 116.67% | 484.62% | 1091.38% | 721.88% | 259.18% | 141.49% | -122.14% | -111.43% | -110.79% | -118.08% | -32.82% | 30.84% | 206.76% | 112.24% | 153.25% | 335.16% |
| Net Income (Continuing) | 7.8M | -63.3M | -21.9M | 7.5M | 22.8M | 32.4M | 85.6M | 29.7M | 13.6M | 10.7M | -1.7M | -300K | -3.7M | -10.5M | 40.8M | 42.4M | 63.4M | 88.4M | 54.5M | 30.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 344.9M | 340.5M | 353.4M | 358.5M | 350.8M | 343M | 344.1M | 324.4M | 321.6M | 325.7M | 333.3M | 335.6M | 342.4M | 348.2M | 333.5M | 335.2M | 341M | 328.9M | 313.2M | 322.7M |
| EPS (Diluted) | 0.07 | -1.87 | -0.78 | 0.03 | 0.59 | 0.80 | 2.02 | 0.70 | 0.27 | 0.14 | -0.21 | -0.18 | -0.13 | -0.33 | 1.43 | 1.49 | 2.22 | 1.83 | 1.36 | 0.75 |
| EPS Growth % | -88.14% | -333.75% | -138.61% | -95.49% | 118.52% | 471.43% | 1061.9% | 488.89% | 307.69% | 142.42% | -114.69% | -112.08% | -105.86% | -118.03% | 5.15% | 98.67% | 326.92% | 112.79% | 151.85% | 334.38% |
| EPS (Basic) | 0.07 | -1.87 | -0.78 | 0.03 | 0.59 | 0.80 | 2.02 | 0.70 | 0.27 | 0.14 | -0.21 | -0.18 | -0.13 | -0.33 | 1.43 | 1.49 | 2.22 | 1.83 | 1.36 | 0.75 |
| Diluted Shares Outstanding | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M |
| Basic Shares Outstanding | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.48M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M |
| Dividend Payout Ratio | 115% | - | - | 244.44% | 13.61% | 10.09% | 4% | 11.06% | 29.49% | 58.97% | - | - | - | - | 8.4% | 8.21% | 4.85% | 4.23% | 5.9% | 10.75% |