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Held by 229 of 5,944 reporting institutions (93th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: -32%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $199M covers the $39M due within a year 5.1× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~370.6% on $51M of debt.
Cash of $199M fully covers short-term debt of $51M.
Mostly short-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Ranked against 238 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BHP | $427.1B | — | — | — | — | — | — | — | — | — | 713 |
| LIN | $216.9B | 31.6× | 19.5× | 6.4× | 3.0% | — | 20.3% | 18.0% | 10.9% | 2.1× | 2,148 |
| SCCO | $157.0B | 36.2× | 20.3× | 11.7× | 17.4% | 60.1% | 32.4% | 39.4% | 24.4% | 0.9× | 791 |
| CX | $147.4B | — | — | — | — | — | — | — | — | — | 297 |
| TX | $114.2B | — | — | — | — | — | — | — | — | — | 139 |
| FCX | $99.5B | — | 12.0× | 3.8× | 1.8% | 28.2% | 16.0% | 22.0% | 14.7% | 1.1× | 1,775 |
| AEM | $97.8B | — | — | — | — | — | — | — | — | — | 1,066 |
| SHW | $79.6B | 31.3× | — | 3.4× | 2.1% | 48.8% | 10.9% | 55.9% | 17.0% | — | 1,610 |
| ECL | $77.3B | 37.6× | 22.7× | 4.8× | 2.2% | 44.5% | 12.9% | 21.2% | 19.5% | 0.3× | 1,619 |
| B | $71.3B | — | — | — | — | — | — | — | — | — | 979 |
| WPM | $66.6B | — | — | — | — | — | — | — | — | — | 809 |
| APD | $63.9B | — | 90.3× | 5.3× | -0.5% | 31.4% | -3.3% | -2.6% | -2.6% | 0.1× | 1,702 |
| NUE | $60.1B | 34.7× | — | 1.9× | 5.7% | 11.9% | 5.4% | 8.3% | 8.3% | — | 1,325 |
| VALE | $60.1B | — | — | — | — | — | — | — | — | — | 537 |
| CRH | $58.0B | 15.7× | 9.3× | 1.6× | 5.3% | 36.1% | 10.0% | 15.6% | 9.2% | 2.2× | 9 |
| MT | $55.7B | — | — | — | — | — | — | — | — | — | 286 |
| DD | $53.3B | — | — | 7.8× | 1.9% | 34.5% | -11.4% | -5.6% | -5.6% | — | 1,172 |
| AU | $50.4B | — | — | — | — | — | — | — | — | — | 537 |
| FNV | $50.0B | — | — | — | — | — | — | — | — | — | 614 |
| NTR | $37.1B | — | — | — | — | — | — | — | — | — | 718 |
| STLD | $34.5B | 29.8× | 18.7× | 1.9× | 3.6% | 13.2% | 6.5% | 13.2% | 9.0% | 2.1× | 893 |
| KGC | $33.4B | — | — | — | — | — | — | — | — | — | 630 |
| VMC | $31.9B | 30.1× | 15.2× | 4.0× | 7.1% | 27.4% | 13.6% | 12.6% | 8.4% | 1.8× | 981 |
| MLM | $30.0B | 26.5× | 17.0× | 4.9× | 8.6% | 30.7% | 18.5% | 11.3% | 7.4% | 2.6× | 1,022 |
| PPG | $23.5B | 15.1× | — | 1.5× | 0.2% | 41.3% | 9.9% | 19.8% | 10.3% | — | 1,003 |
| TROX | $680M | — | 10.9× | 0.2× | -5.7% | 9.3% | -16.2% | -33.1% | -32.0% | 1.0× | 229 |
Peers = companies sharing TROX's sector (Basic Materials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.90B 100.0% | $3.07B 100.0% | $2.85B 100.0% | $3.45B 100.0% | $3.57B 100.0% | $2.76B 100.0% | $2.64B 100.0% | $1.82B 100.0% | $1.70B 100.0% | $1.31B 100.0% |
| Cost of Revenue | — | — | — | — | — | — | — | $1.32B 72.6% | $1.31B 77.1% | $1.18B 89.8% |
| Cost of Products | — | — | — | — | — | — | — | — | $1.31B 77.1% | $1.18B 89.8% |
| Gross Profit | $269.0M 9.3% | $515.0M 16.8% | $462.0M 16.2% | $832.0M 24.1% | $895.0M 25.1% | $621.0M 22.5% | $464.0M 17.6% | $498.0M 27.4% | $389.0M 22.9% | $133.0M 10.2% |
| Research & Development | $15.0M 0.5% | $14.0M 0.5% | $12.0M 0.4% | $12.0M 0.3% | $13.0M 0.4% | $12.0M 0.4% | $17.0M 0.6% | $11.0M 0.6% | $8.0M 0.5% | $9.0M 0.7% |
| Selling, General & Admin | $290.0M 10.0% | $296.0M 9.6% | $276.0M 9.7% | $289.0M 8.4% | $318.0M 8.9% | $347.0M 12.6% | $347.0M 13.1% | $267.0M 14.7% | $249.0M 14.7% | $185.0M 14.1% |
| Operating Income | -$253.0M -8.7% | $219.0M 7.1% | $186.0M 6.5% | $458.0M 13.3% | $577.0M 16.2% | $271.0M 9.8% | $95.0M 3.6% | $200.0M 11.0% | $141.0M 8.3% | -$53.0M -4.0% |
| Interest Expense | $189.0M 6.5% | $167.0M 5.4% | $158.0M 5.5% | $125.0M 3.6% | $157.0M 4.4% | $189.0M 6.9% | $201.0M 7.6% | $193.0M 10.6% | $188.0M 11.1% | $185.0M 14.1% |
| Other Income (Expense), net | -$22.0M -0.8% | $14.0M 0.5% | $3.0M 0.1% | -$13.0M -0.4% | $12.0M 0.3% | $26.0M 0.9% | $3.0M 0.1% | $33.0M 1.8% | -$22.0M -1.3% | -$33.0M -2.5% |
| Pretax Income | -$458.0M -15.8% | $73.0M 2.4% | $49.0M 1.7% | $308.0M 8.9% | $374.0M 10.5% | $114.0M 4.1% | -$88.0M -3.3% | $43.0M 2.4% | -$87.0M -5.1% | -$264.0M -20.2% |
| Income Tax Expense | $15.0M 0.5% | $127.0M 4.1% | $363.0M 12.7% | -$192.0M -5.6% | $71.0M 2.0% | -$881.0M -31.9% | $14.0M 0.5% | $13.0M 0.7% | $6.0M 0.4% | -$125.0M -9.5% |
| Net Income | -$470.0M -16.2% | -$48.0M -1.6% | -$316.0M -11.1% | $497.0M 14.4% | $286.0M 8.0% | $969.0M 35.1% | -$109.0M -4.1% | -$7.0M -0.4% | -$285.0M -16.8% | -$61.0M -4.7% |
| Per Share | ||||||||||
| EPS (Basic) | $-2.97 | $-0.31 | $-2.02 | $3.21 | $1.88 | $6.76 | $-0.78 | $-0.06 | — | — |
| EPS (Diluted) | $-2.97 | $-0.31 | $-2.02 | $3.16 | $1.81 | $6.69 | $-0.78 | $-0.06 | — | — |
| Weighted Avg Shares (Basic) | 158.5M | 157.8M | 156.4M | 154.9M | 152.1M | 143.4M | 139.9M | 122.9M | — | — |
| Weighted Avg Shares (Diluted) | 158.5M | 157.8M | 156.4M | 157.1M | 157.9M | 144.9M | 139.9M | 122.9M | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $48M dividends + $0 buybacks = $48M returned on -$281M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 42th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 37.6× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 72.6 | — | — | — | — | — | — | — |
| Gross Profit | 27.4 | 17.6 | 22.5 | 25.1 | 24.1 | 16.2 | 16.8 | 9.3 |
| R&D | 0.6 | 0.6 | 0.4 | 0.4 | 0.3 | 0.4 | 0.5 | 0.5 |
| SG&A | 14.7 | 13.1 | 12.6 | 8.9 | 8.4 | 9.7 | 9.6 | 10.0 |
| Operating Income | 11.0 | 3.6 | 9.8 | 16.2 | 13.3 | 6.5 | 7.1 | -8.7 |
| Income Tax | 0.7 | 0.5 | -31.9 | 2.0 | -5.6 | 12.7 | 4.1 | 0.5 |
| Net Income | -0.4 | -4.1 | 35.1 | 8.0 | 14.4 | -11.1 | -1.6 | -16.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on TROX: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.