NYSE : KRO
Kronos Worldwide, Inc. — Financial statements
Materials · Specialty Chemicals · United States
Last price 7.5 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 863.23M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Kronos Worldwide, Inc. (KRO) reported revenue of 1.94B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.94B | 1.86B | 1.89B | 1.67B | 1.93B | 1.94B |
| Cost of Revenue | 1.71B | 1.64B | 1.51B | 1.50B | 1.54B | 1.49B |
| Gross Profit | 233.30M | 216.90M | 375.30M | 164.90M | 391.10M | 446.20M |
| Selling, General & Admin | 269.20M | 264.30M | 239.80M | 231.30M | 259.30M | 280.40M |
| Other Operating Expenses | -7.00M | -3.70M | -2.40M | -800.00K | -700.00K | -3.20M |
| Operating Expenses | 262.20M | 260.60M | 237.40M | 230.50M | 258.60M | 277.20M |
| Operating Income | -28.90M | -43.70M | 137.90M | -65.60M | 132.50M | 169.00M |
| Interest Expense | -57.10M | -53.00M | -42.90M | -17.10M | -16.90M | -19.60M |
| Interest & Investment Income | 1.00M | 1.20M | 5.50M | 6.90M | 5.10M | 400.00K |
| Currency Exchange Gain (Loss) | -5.50M | 5.40M | 1.60M | 1.40M | 11.50M | 1.60M |
| EBT Excluding Unusual Items | -90.50M | -90.10M | 102.10M | -74.40M | 132.20M | 151.40M |
| Merger & Restructuring Charges | -10.30M | -10.30M | -18.20M | |||
| Gain (Loss) on Sale of Investments | -300.00K | -1.60M | 65.70M | -1.00M | -1.00M | 2.00M |
| Other Unusual Items | 4.60M | 4.60M | ||||
| Pretax Income | -96.50M | -97.40M | 149.60M | -72.90M | 133.90M | 153.40M |
| Income Tax Expense | 12.90M | 13.50M | 63.40M | -23.80M | 29.40M | 40.50M |
| Net Income | -109.40M | -110.90M | 86.20M | -49.10M | 104.50M | 112.90M |
| Net Income to Common | -109.40M | -110.90M | 86.20M | -49.10M | 104.50M | 112.90M |
| Shares Outstanding (Basic) | 115.05M | 115.00M | 115.00M | 115.10M | 115.50M | 115.50M |
| Shares Outstanding (Diluted) | 115.05M | 115.00M | 115.00M | 115.10M | 115.50M | 115.50M |
| EPS (Basic) | -0.95 | -0.96 | 0.75 | -0.43 | 0.90 | 0.98 |
| EPS (Diluted) | -0.95 | -0.96 | 0.75 | -0.43 | 0.90 | 0.98 |
| Free Cash Flow | 40.20M | -40.40M | 43.00M | -41.90M | 18.50M | 147.90M |
| Free Cash Flow Per Share | 0.35 | -0.35 | 0.37 | -0.36 | 0.16 | 1.28 |
| Dividend Per Share | 0.20 | 0.20 | 0.48 | 0.76 | 0.76 | 0.72 |
| Gross Margin | 12.01% | 11.67% | 19.89% | 9.89% | 20.26% | 23.01% |
| Operating Margin | -1.49% | -2.35% | 7.31% | -3.94% | 6.87% | 8.71% |
| Profit Margin | -5.63% | -5.96% | 4.57% | -2.95% | 5.41% | 5.82% |
| Free Cash Flow Margin | 2.07% | -2.17% | 2.28% | -2.51% | 0.96% | 7.63% |
| EBITDA | 33.80M | 16.80M | 198.30M | -17.00M | 184.20M | 220.30M |
| EBITDA Margin | 1.74% | 0.90% | 10.51% | -1.02% | 9.54% | 11.36% |
| D&A For EBITDA | 62.70M | 60.50M | 60.40M | 48.60M | 51.70M | 51.30M |
| EBIT | -28.90M | -43.70M | 137.90M | -65.60M | 132.50M | 169.00M |
| EBIT Margin | -1.49% | -2.35% | 7.31% | -3.94% | 6.87% | 8.71% |
| Effective Tax Rate | 42.38% | 21.96% | 26.40% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 26.60M | 33.20M | 106.70M | 194.70M | 327.80M | 406.00M |
| Cash & Short-Term Investments | 26.60M | 33.20M | 106.70M | 194.70M | 327.80M | 406.00M |
| Accounts Receivable | 369.70M | 266.80M | 265.40M | 286.40M | 216.80M | 340.10M |
| Other Receivables | 23.60M | 21.00M | 26.20M | 26.10M | 38.30M | 39.00M |
| Receivables | 393.30M | 287.80M | 291.60M | 312.50M | 255.10M | 379.10M |
| Inventory | 498.30M | 628.60M | 656.70M | 564.60M | 608.70M | 432.30M |
| Prepaid Expenses | 21.90M | 41.10M | 47.00M | 43.40M | 48.60M | 38.50M |
| Restricted Cash | 2.50M | 3.80M | 3.30M | 2.20M | 2.00M | 2.10M |
| Total Current Assets | 942.60M | 994.50M | 1.11B | 1.12B | 1.24B | 1.26B |
| Property, Plant & Equipment | 726.80M | 744.20M | 714.70M | 505.60M | 506.00M | 523.30M |
| Long-Term Investments | 2.10M | 1.80M | 3.40M | 113.20M | 116.10M | 106.10M |
| Goodwill | 2.60M | 2.60M | 2.60M | |||
| Long-Term Deferred Tax Assets | 29.70M | 35.80M | 55.10M | 83.30M | 52.00M | 106.80M |
| Other Long-Term Assets | 40.20M | 37.90M | 32.40M | 18.50M | 18.10M | 18.60M |
| Total Assets | 1.74B | 1.82B | 1.91B | 1.84B | 1.93B | 2.01B |
| Accounts Payable | 172.50M | 224.00M | 232.40M | 238.60M | 194.30M | 160.90M |
| Accrued Expenses | 44.10M | 59.90M | 55.20M | 47.20M | 48.50M | 57.60M |
| Current Portion of Long-Term Debt | 78.30M | 1.10M | 1.40M | |||
| Current Portion of Leases | 3.90M | 4.20M | 3.50M | 3.90M | 3.80M | 3.70M |
| Current Income Taxes Payable | 3.60M | 14.40M | 39.90M | 26.20M | 19.10M | 13.20M |
| Other Current Liabilities | 61.70M | 66.30M | 67.30M | 54.90M | 59.90M | 52.00M |
| Total Current Liabilities | 285.80M | 368.80M | 476.60M | 370.80M | 326.70M | 288.80M |
| Long-Term Debt | 569.60M | 557.40M | 429.10M | 440.90M | 424.10M | 449.80M |
| Long-Term Leases | 15.10M | 15.70M | 17.10M | 18.60M | 17.40M | 15.80M |
| Pension & Post-Retirement Benefits | 83.50M | 91.20M | 127.90M | 161.30M | 139.30M | 301.90M |
| Long-Term Deferred Tax Liabilities | 16.00M | 15.20M | 24.50M | 9.00M | 26.40M | 28.10M |
| Other Long-Term Liabilities | 23.00M | 17.40M | 21.30M | 29.10M | 43.30M | 58.20M |
| Total Liabilities | 993.00M | 1.07B | 1.10B | 1.03B | 977.20M | 1.14B |
| Common Stock | 1.20M | 1.20M | 1.20M | 1.20M | 1.20M | 1.20M |
| Additional Paid-In Capital | 1.39B | 1.39B | 1.39B | 1.39B | 1.39B | 1.40B |
| Retained Earnings | -346.00M | -344.90M | -211.00M | -242.00M | -105.40M | -122.10M |
| Treasury Stock | -1.40M | -200.00K | ||||
| Comprehensive Income & Other | -295.00M | -295.60M | -363.50M | -341.10M | -331.50M | -404.10M |
| Shareholders' Equity | 751.00M | 751.10M | 817.00M | 808.30M | 957.20M | 870.20M |
| Total Liabilities & Equity | 1.74B | 1.82B | 1.91B | 1.84B | 1.93B | 2.01B |
| Total Debt | 588.60M | 577.30M | 528.00M | 463.40M | 446.40M | 470.70M |
| Net Cash (Debt) | -559.90M | -542.30M | -417.90M | -266.50M | -115.40M | -60.50M |
| Net Cash Per Share | -4.87 | -4.72 | -3.63 | -2.32 | -1.00 | -0.52 |
| Filing Date Shares Outstanding | 115.10M | 115.05M | 115.00M | 115.03M | 115.31M | 115.48M |
| Total Common Shares Outstanding | 115.10M | 115.00M | 115.00M | 115.10M | 115.31M | 115.49M |
| Working Capital | 656.80M | 625.70M | 628.70M | 746.60M | 915.50M | 969.20M |
| Book Value Per Share | 6.52 | 6.53 | 7.10 | 7.02 | 8.30 | 7.54 |
| Tangible Book Value | 748.40M | 748.50M | 814.40M | 808.30M | 957.20M | 870.20M |
| Tangible Book Value Per Share | 6.50 | 6.51 | 7.08 | 7.02 | 8.30 | 7.54 |
| Land | 78.30M | 79.30M | 74.20M | 44.70M | 41.90M | 43.90M |
| Buildings | 271.80M | 279.80M | 253.90M | 236.80M | 214.70M | 222.20M |
| Machinery | 1.44B | 1.46B | 1.31B | 1.17B | 1.09B | 1.12B |
| Construction In Progress | 49.60M | 44.50M | 41.10M | 22.90M | 76.50M | 72.70M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -109.40M | -110.90M | 86.20M | -49.10M | 104.50M | 112.90M |
| Depreciation & Amortization | 67.30M | 64.80M | 64.40M | 53.10M | 56.20M | 57.90M |
| Asset Writedown & Restructuring Costs | 3.80M | |||||
| Loss (Gain) From Sale of Investments | 300.00K | 1.60M | -65.70M | 1.00M | 1.00M | -2.00M |
| Loss (Gain) on Equity Investments | -2.70M | 3.10M | -10.50M | 3.80M | ||
| Other Operating Activities | 12.60M | -100.00K | 32.60M | -42.60M | 10.80M | 26.20M |
| Change in Accounts Receivable | -58.50M | 31.70M | -8.40M | -43.90M | 85.70M | -58.60M |
| Change in Inventory | 177.10M | 77.00M | -43.10M | 56.30M | -198.40M | 65.80M |
| Change in Accounts Payable | -10.00M | -25.60M | 11.60M | 33.90M | 36.70M | 47.20M |
| Change in Income Taxes | -5.00M | -10.60M | 8.90M | 8.20M | -100.00K | -1.60M |
| Change in Other Net Operating Assets | 11.80M | -25.40M | -11.30M | -18.30M | -4.20M | -45.10M |
| Operating Cash Flow | 86.20M | 2.50M | 72.50M | 5.50M | 81.70M | 206.50M |
| Capital Expenditures | -46.00M | -42.90M | -29.50M | -47.40M | -63.20M | -58.60M |
| Cash Acquisitions | -156.80M | |||||
| Other Investing Activities | 100.00K | |||||
| Investing Cash Flow | -46.00M | -42.90M | -186.30M | -47.40M | -63.10M | -58.60M |
| Long-Term Debt Issued | 726.50M | 292.50M | ||||
| Long-Term Debt Repaid | -737.80M | -201.50M | -1.10M | -1.30M | -1.40M | |
| Net Debt Issued (Repaid) | -8.30M | -11.30M | 91.00M | -1.10M | -1.30M | -1.40M |
| Repurchase of Common Stock | -2.90M | -2.30M | -200.00K | |||
| Common Dividends Paid | -23.00M | -23.00M | -55.20M | -87.50M | -87.80M | -83.20M |
| Other Financing Activities | -2.00M | -2.00M | -9.30M | -100.00K | -100.00K | -1.90M |
| Financing Cash Flow | -33.30M | -36.30M | 26.50M | -91.60M | -91.50M | -86.70M |
| Foreign Exchange Rate Adjustments | -100.00K | 4.50M | -100.00K | 1.00M | -5.10M | -10.60M |
| Net Cash Flow | 6.80M | -72.20M | -87.40M | -132.50M | -78.00M | 50.60M |
| Free Cash Flow | 40.20M | -40.40M | 43.00M | -41.90M | 18.50M | 147.90M |
| Free Cash Flow Margin | 2.07% | -2.17% | 2.28% | -2.51% | 0.96% | 7.63% |
| Free Cash Flow Per Share | 0.35 | -0.35 | 0.37 | -0.36 | 0.16 | 1.28 |
| Levered Free Cash Flow | 104.05M | -31.44M | 46.27M | -9.19M | 40.95M | 134.57M |
| Unlevered Free Cash Flow | 139.74M | 1.69M | 73.09M | 1.50M | 51.51M | 146.82M |
| Cash Interest Paid | 53.70M | 47.40M | 38.20M | 15.80M | 15.70M | 18.00M |
| Cash Income Tax Paid | 12.60M | 44.90M | 34.50M | 17.30M | 37.30M | 41.60M |
| Change in Working Capital | 115.40M | 47.10M | -42.30M | 36.20M | -80.30M | 7.70M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 889.70M | 508.53M | 1.12B | 1.14B | 1.09B | 1.73B |
| Enterprise Value | 1.45B | 1.13B | 1.60B | 1.43B | 1.16B | 1.84B |
| Last Close Price | 7.50 | 4.32 | 9.22 | 8.99 | 7.82 | 11.80 |
| PE Ratio | 13.01 | 10.39 | 15.36 | |||
| Forward PE | 11.94 | 59.12 | 15.70 | 32.99 | 26.76 | 13.16 |
| PS Ratio | 0.46 | 0.27 | 0.59 | 0.69 | 0.56 | 0.89 |
| PB Ratio | 1.15 | 0.68 | 1.37 | 1.42 | 1.13 | 1.99 |
| P/TBV Ratio | 1.19 | 0.68 | 1.38 | 1.42 | 1.13 | 1.99 |
| P/FCF Ratio | 22.12 | 26.08 | 58.67 | 11.73 | ||
| P/OCF Ratio | 10.31 | 203.41 | 15.47 | 207.88 | 13.29 | 8.40 |
| PEG Ratio | 2.88 | 5.04 | 5.04 | 12.57 | 0.37 | |
| EV/Sales Ratio | 0.75 | 0.60 | 0.85 | 0.86 | 0.60 | 0.95 |
| EV/EBITDA Ratio | 42.87 | 67.00 | 8.06 | 6.27 | 8.36 | |
| EV/EBIT Ratio | 11.59 | 8.72 | 10.89 | |||
| EV/FCF Ratio | 36.05 | 37.16 | 62.46 | 12.44 | ||
| Debt / Equity Ratio | 0.78 | 0.77 | 0.65 | 0.57 | 0.47 | 0.54 |
| Debt / EBITDA Ratio | 15.03 | 26.12 | 2.59 | 2.35 | 2.06 | |
| Debt / FCF Ratio | 14.64 | 12.28 | 24.13 | 3.18 | ||
| Net Debt / Equity Ratio | 0.75 | 0.72 | 0.51 | 0.33 | 0.12 | 0.07 |
| Net Debt / EBITDA Ratio | 16.57 | 32.28 | 2.11 | -15.68 | 0.63 | 0.28 |
| Net Debt / FCF Ratio | 13.93 | -13.42 | 9.72 | -6.36 | 6.24 | 0.41 |
| Asset Turnover | 1.05 | 1.00 | 1.01 | 0.88 | 0.98 | 0.96 |
| Inventory Turnover | 2.89 | 2.56 | 2.48 | 2.56 | 2.96 | 3.14 |
| Quick Ratio | 1.47 | 0.87 | 0.84 | 1.37 | 1.78 | 2.72 |
| Current Ratio | 3.30 | 2.70 | 2.32 | 3.01 | 3.80 | 4.36 |
| Return on Equity (ROE) | -13.69% | -14.14% | 10.61% | -5.56% | 11.44% | 13.55% |
| Return on Assets (ROA) | -0.98% | -1.46% | 4.59% | -2.17% | 4.20% | 5.22% |
| Return on Invested Capital (ROIC) | -2.18% | -3.45% | 6.86% | -6.09% | 10.29% | 13.17% |
| Return on Capital Employed (ROCE) | -2.00% | -3.00% | 9.60% | -4.50% | 8.20% | 9.80% |
| Earnings Yield | -12.30% | -21.81% | 7.69% | -4.29% | 9.63% | 6.51% |
| FCF Yield | 4.52% | -7.94% | 3.83% | -3.67% | 1.70% | 8.53% |
| Dividend Yield | 2.59% | 4.52% | 4.92% | 7.65% | 8.07% | 4.79% |
| Payout Ratio | 64.04% | 84.02% | 73.69% | |||
| Buyback Yield / Dilution | -0.04% | 0.09% | 0.35% | 0.09% | ||
| Total Shareholder Return | 2.55% | 4.52% | 5.01% | 8.00% | 8.07% | 4.88% |