Kronos Worldwide (KRO)
Market Price (6/14/2026): $7.05 | Market Cap: $810.8 MilSector: Materials | Industry: Specialty Chemicals
Kronos Worldwide (KRO)
Market Price (6/14/2026): $7.05Market Cap: $810.8 MilSector: MaterialsIndustry: Specialty Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Advanced Materials, Sustainable Resource Management, and Renewable Energy Transition. Themes include Specialty Chemicals for Performance, Show more. | Weak multi-year price returns2Y Excs Rtn is -82%, 3Y Excs Rtn is -85% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -67 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.5% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 74% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 58% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -21% Key risksKRO key risks include [1] significant debt and high balance sheet leverage, Show more. |
| Megatrend and thematic driversMegatrends include Advanced Materials, Sustainable Resource Management, and Renewable Energy Transition. Themes include Specialty Chemicals for Performance, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -82%, 3Y Excs Rtn is -85% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -67 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.5% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 74% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 58% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -21% |
| Key risksKRO key risks include [1] significant debt and high balance sheet leverage, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 6/11/2026
Kronos Worldwide (KRO) stock has gained about 25% since 2/28/2026 because of the following key factors:
1. Stronger-than-expected Fiscal Q1 2026 Earnings.
Kronos Worldwide, Inc. (which has a fiscal year ending December 31) reported a net loss of $0.04 per share in fiscal Q1 2026 (ended March 31, 2026), significantly outperforming the Zacks Consensus Estimate of a $0.33 per share loss, representing an 87.88% positive earnings surprise. This beat contributed to investor confidence despite the company still reporting a net loss.
2. Increased Titanium Dioxide (TiO2) Sales Volumes and Improving Pricing.
The company experienced a 4.4% year-over-year rise in TiO2 sales volumes in fiscal Q1 2026, driven by higher demand in North American, Latin American, and export markets. Furthermore, average TiO2 selling prices increased by 2% during fiscal Q1 2026, signaling a recovery from pricing declines experienced in 2025. This upward trend in pricing was consistent with firm global TiO2 price increases in Q1 2026, with prices in Asia rising approximately 5.65% and in Europe by approximately 3.29%, supported by higher production costs, export demand, and logistics pressures.
Show more
Kronos Worldwide (KRO) stock has gained about 25% since 2/28/2026 because of the following key factors:
1. Stronger-than-expected Fiscal Q1 2026 Earnings.
Kronos Worldwide, Inc. (which has a fiscal year ending December 31) reported a net loss of $0.04 per share in fiscal Q1 2026 (ended March 31, 2026), significantly outperforming the Zacks Consensus Estimate of a $0.33 per share loss, representing an 87.88% positive earnings surprise. This beat contributed to investor confidence despite the company still reporting a net loss.
2. Increased Titanium Dioxide (TiO2) Sales Volumes and Improving Pricing.
The company experienced a 4.4% year-over-year rise in TiO2 sales volumes in fiscal Q1 2026, driven by higher demand in North American, Latin American, and export markets. Furthermore, average TiO2 selling prices increased by 2% during fiscal Q1 2026, signaling a recovery from pricing declines experienced in 2025. This upward trend in pricing was consistent with firm global TiO2 price increases in Q1 2026, with prices in Asia rising approximately 5.65% and in Europe by approximately 3.29%, supported by higher production costs, export demand, and logistics pressures.
Show more
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
The 23.2% change in KRO stock from 2/28/2026 to 6/13/2026 was primarily driven by a 22.2% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.72 | 7.04 | 23.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,864 | 1,879 | 0.8% |
| P/S Multiple | 0.4 | 0.4 | 22.2% |
| Shares Outstanding (Mil) | 115 | 115 | 0.0% |
| Cumulative Contribution | 23.2% |
Market Drivers
2/28/2026 to 6/13/2026| Return | Correlation | |
|---|---|---|
| KRO | 23.2% | |
| Market (SPY) | 8.4% | 37.9% |
| Sector (XLB) | -1.9% | 50.6% |
Fundamental Drivers
The 41.1% change in KRO stock from 11/30/2025 to 6/13/2026 was primarily driven by a 40.0% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.99 | 7.04 | 41.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,864 | 1,879 | 0.8% |
| P/S Multiple | 0.3 | 0.4 | 40.0% |
| Shares Outstanding (Mil) | 115 | 115 | 0.0% |
| Cumulative Contribution | 41.1% |
Market Drivers
11/30/2025 to 6/13/2026| Return | Correlation | |
|---|---|---|
| KRO | 41.1% | |
| Market (SPY) | 9.2% | 34.5% |
| Sector (XLB) | 17.9% | 59.2% |
Fundamental Drivers
The 16.2% change in KRO stock from 5/31/2025 to 6/13/2026 was primarily driven by a 17.4% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.06 | 7.04 | 16.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,898 | 1,879 | -1.0% |
| P/S Multiple | 0.4 | 0.4 | 17.4% |
| Shares Outstanding (Mil) | 115 | 115 | 0.0% |
| Cumulative Contribution | 16.2% |
Market Drivers
5/31/2025 to 6/13/2026| Return | Correlation | |
|---|---|---|
| KRO | 16.2% | |
| Market (SPY) | 27.3% | 40.0% |
| Sector (XLB) | 23.2% | 60.4% |
Fundamental Drivers
The 0.3% change in KRO stock from 5/31/2023 to 6/13/2026 was primarily driven by a 4.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.02 | 7.04 | 0.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,794 | 1,879 | 4.8% |
| P/S Multiple | 0.5 | 0.4 | -4.5% |
| Shares Outstanding (Mil) | 115 | 115 | 0.3% |
| Cumulative Contribution | 0.3% |
Market Drivers
5/31/2023 to 6/13/2026| Return | Correlation | |
|---|---|---|
| KRO | 0.3% | |
| Market (SPY) | 84.5% | 43.9% |
| Sector (XLB) | 47.5% | 59.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KRO Return | 6% | -34% | 15% | 3% | -53% | 57% | -39% |
| Peers Return | 50% | -18% | 38% | 12% | -16% | 16% | 86% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| KRO Win Rate | 50% | 42% | 50% | 25% | 25% | 67% | |
| Peers Win Rate | 65% | 38% | 55% | 57% | 45% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| KRO Max Drawdown | -32% | -55% | -42% | -32% | -56% | -26% | |
| Peers Max Drawdown | -17% | -39% | -24% | -24% | -38% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HWKN, ASIX, OEC, SHW, ECL. See KRO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)
How Low Can It Go
| Event | KRO | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -18.3% | -7.8% |
| % Gain to Breakeven | 22.4% | 8.5% |
| Time to Breakeven | 50 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.0% | -9.5% |
| % Gain to Breakeven | 42.8% | 10.5% |
| Time to Breakeven | 50 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -29.6% | -6.7% |
| % Gain to Breakeven | 42.0% | 7.1% |
| Time to Breakeven | 224 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -40.6% | -24.5% |
| % Gain to Breakeven | 68.2% | 32.4% |
| Time to Breakeven | 582 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.7% | -33.7% |
| % Gain to Breakeven | 55.5% | 50.9% |
| Time to Breakeven | 88 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -34.7% | -19.2% |
| % Gain to Breakeven | 53.1% | 23.8% |
| Time to Breakeven | 711 days | 105 days |
In The Past
Kronos Worldwide's stock fell -18.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 22.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | KRO | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -30.0% | -9.5% |
| % Gain to Breakeven | 42.8% | 10.5% |
| Time to Breakeven | 50 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -29.6% | -6.7% |
| % Gain to Breakeven | 42.0% | 7.1% |
| Time to Breakeven | 224 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -40.6% | -24.5% |
| % Gain to Breakeven | 68.2% | 32.4% |
| Time to Breakeven | 582 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.7% | -33.7% |
| % Gain to Breakeven | 55.5% | 50.9% |
| Time to Breakeven | 88 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -34.7% | -19.2% |
| % Gain to Breakeven | 53.1% | 23.8% |
| Time to Breakeven | 711 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -46.1% | -12.2% |
| % Gain to Breakeven | 85.7% | 13.9% |
| Time to Breakeven | 204 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -72.3% | -6.8% |
| % Gain to Breakeven | 261.2% | 7.3% |
| Time to Breakeven | 373 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -51.1% | -17.9% |
| % Gain to Breakeven | 104.5% | 21.8% |
| Time to Breakeven | 2187 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -71.0% | -53.4% |
| % Gain to Breakeven | 244.4% | 114.4% |
| Time to Breakeven | 427 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -29.2% | -8.6% |
| % Gain to Breakeven | 41.1% | 9.5% |
| Time to Breakeven | 202 days | 47 days |
In The Past
Kronos Worldwide's stock fell -18.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 22.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Kronos Worldwide (KRO)
Kronos Worldwide, Inc. produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics. It also produces ilmenite, a raw material used directly as a feedstock by sulfate-process TiO2 plants; iron-based chemicals, which are used as treatment and conditioning agents for industrial effluents and municipal wastewater, as well as in the manufacture of iron pigments, cement, and agricultural products; specialty chemicals for use in the formulation of pearlescent pigments, and production of electroceramic capacitors for cell phones and other electronic devices, as well as for use in pearlescent pigments, natural gas pipe, and other specialty applications. In addition, the company provides technical services for its products. It sells its products under the KRONOS brand through agents and distributors to paint, plastics, decorative laminate, and paper manufacturers. The company was founded in 1916 and is headquartered in Dallas, Texas. Kronos Worldwide, Inc. operates as a subsidiary of Valhi, Inc.
AI Analysis | Feedback
**Corning** for industrial pigments and whiteness.
**Intel** for color and opacity components.
**ADM** for industrial whiteness and opacity ingredients.
AI Analysis | Feedback
- Titanium dioxide pigments (TiO2): These pigments impart whiteness, brightness, opacity, and durability for various products including paints, plastics, and cosmetics.
- Ilmenite: This raw material is used as a feedstock by sulfate-process TiO2 plants.
- Iron-based chemicals: These chemicals are used for treating industrial effluents, municipal wastewater, and in manufacturing iron pigments, cement, and agricultural products.
- Specialty chemicals: These chemicals are used in formulating pearlescent pigments, producing electroceramic capacitors, and other specialty applications.
- Technical services: The company provides technical support and assistance related to its products.
AI Analysis | Feedback
Kronos Worldwide (KRO) primarily sells its products to other companies. Based on the provided description, specific names of major customer companies are not disclosed. However, the company sells its titanium dioxide pigments and related chemicals to manufacturers in the following sectors:
- Paint manufacturers
- Plastics manufacturers
- Decorative laminate manufacturers
- Paper manufacturers
- Manufacturers of various specialty products, including inks, foods, and cosmetics
AI Analysis | Feedback
null
AI Analysis | Feedback
Brian W. Christian
Director, President and Chief Executive Officer
Brian W. Christian was elected as President and Chief Executive Officer of Kronos Worldwide, Inc. effective February 27, 2026. He previously served as the company's President since May 2025, and Chief Operating Officer from 2023 to February 2026. His tenure at Kronos Worldwide also includes roles as Executive Vice President from 2016 until May 2025, Chief Strategy Officer from 2021 to 2023, Vice President of Strategic Business Development from 2011 to 2016, and Manager of Strategic and Financial Planning from 2009 to 2011. Mr. Christian also holds the position of Executive Vice President at Contran, Kronos Worldwide's parent corporation, and has served in strategic and financial planning capacities with various companies related to both Kronos Worldwide and Contran since 2006. He provides his services to Kronos Worldwide as an employee of Contran under an intercorporate services agreement.
Bradley E. Troutman
Senior Vice President and Chief Financial Officer
Bradley E. Troutman was appointed Senior Vice President and Chief Financial Officer of Kronos Worldwide, Inc., effective August 8, 2025. Prior to joining Kronos Worldwide, Mr. Troutman served as the Chief Financial Officer for Pegasus Logistics Group, a global freight forwarding and logistics company, from 2024 to July 2025. From 2019 to 2022, he held the position of Chief Financial Officer at Atlantic Aviation, a fixed-base operator network and aviation services provider. Before these roles, he accumulated 12 years of experience in financial leadership roles for two publicly traded corporations. His background also includes two years as a manager in the inspection division of the Public Company Accounting Oversight Board (PCAOB) and serving as an assurance manager at PwC from 1996 to 2004. Mr. Troutman accepted an employment offer from Contran, the privately held parent company of Kronos Worldwide, effective August 8, 2025.
Courtney J. Riley
Executive Vice President and Chief Transformation Officer
Rainer F. Gruber
Executive Vice President, Chief Manufacturing and Technology Officer
John A. Sunny
Executive Vice President and Chief Information Officer
AI Analysis | Feedback
The key risks to Kronos Worldwide (KRO) are primarily centered around the inherent volatility of its core product market, significant financial leverage, and ongoing regulatory scrutiny concerning titanium dioxide.
- Volatility of Titanium Dioxide (TiO2) Market, Weak Demand, and Pricing: Kronos Worldwide's earnings and margins are highly susceptible to the volatile titanium dioxide market, experiencing unexpected pricing and volume downswings. Recent periods have shown pronounced weakness, with falling TiO2 prices and volumes contributing to revenue and margin contraction. The company's high operating leverage amplifies these earnings swings, and weak demand from key end markets, such as housing, continues to pressure market conditions.
- High Debt and Leverage: Kronos Worldwide carries a substantial debt burden, which is a significant financial risk. Indicators such as a high net debt to EBITDA ratio, weak interest coverage, and total liabilities exceeding cash and near-term receivables suggest a strained balance sheet. This high leverage can limit the company's financial flexibility and its ability to effectively manage working capital, potentially leading to shareholder dilution if new capital is required.
- Regulatory and Health Concerns related to Titanium Dioxide (TiO2): Titanium dioxide has been classified by the International Agency for Research on Cancer (IARC) as "possibly carcinogenic to humans" (Group 2B) by inhalation, based on animal studies. While extensive studies on human workers in the TiO2 industry have not consistently demonstrated an increased risk of cancer, and a prior EU classification as a carcinogen by inhalation in certain powder forms was annulled, regulatory bodies continue to scrutinize its use. This necessitates ongoing investment in safe handling and containment solutions during manufacturing to comply with regulations, posing an operational and potential cost risk for the company.
AI Analysis | Feedback
null
AI Analysis | Feedback
Kronos Worldwide, Inc. (KRO) operates in several addressable markets for its main products. Here's an overview of their market sizes:
-
Titanium Dioxide (TiO2) Pigments:
- The global titanium dioxide market size was valued at approximately USD 19.06 billion in 2025 and is projected to reach USD 35.35 billion by 2034, growing at a CAGR of 7.1% from 2026 to 2034. Other estimates place the global market at USD 22.96 billion in 2025, projected to reach USD 38.97 billion by 2033 with a CAGR of 6.9% from 2026 to 2033. Another source indicates a global market size of USD 24.7 billion in 2024, expected to grow to USD 41.73 billion by 2033 with a CAGR of 6% during 2026–2033.
- In 2025, the Asia Pacific region dominated the global titanium dioxide market with a market share of 47.00%, with a value of USD 8.96 billion in 2025 and USD 9.69 billion in 2026. The Asia Pacific market is expected to reach USD 17.78 billion by 2033, growing at a CAGR of 7.6% from 2026 to 2033.
- The North America titanium dioxide market was valued at USD 3.5251 billion in 2025 and is projected to reach USD 5.5071 billion by 2033, with a CAGR of 5.8% from 2026 to 2033. Another source estimated the North America market size at USD 5.97 billion in 2024 and is predicted to be worth USD 10.01 billion by 2033.
- The Europe titanium dioxide market generated a revenue of USD 6.1649 billion in 2025 and is projected to grow from USD 7.8 billion in 2025 to USD 14.6 billion by 2035, registering a CAGR of 6.5%. Another report indicates a market size of USD 5.17 billion in 2025, growing to USD 10.96 billion by 2033 with a CAGR of 9.86% from 2025 to 2033.
-
Ilmenite:
- The global ilmenite market size was valued at USD 10.42 billion in 2025 and is projected to reach USD 21.03 billion by 2034, exhibiting a CAGR of 8.11% during the forecast period (2026-2034). Other estimates place the global market size at USD 11.87 billion in 2025, predicted to reach around USD 16.79 billion by 2034, expanding at a CAGR of 3.93% from 2025 to 2034. Another report states a global market size of USD 13 billion in 2026, projected to reach USD 25 billion by 2040 with a 4.92% CAGR from 2026 to 2040.
- Asia Pacific dominated the global ilmenite market with the largest market share of 34% in 2024.
-
Iron-based Chemicals (as Water Treatment Chemicals and Iron Oxide/Iron Chloride):
- The global water treatment chemicals market size was valued at USD 39.81 billion in 2025 and is projected to grow from USD 42.31 billion in 2026 to USD 69.05 billion by 2034, exhibiting a CAGR of 6.30% during the forecast period. Another source values the market at USD 38.33 billion in 2025, projected to cross USD 59.53 billion by 2035, witnessing a CAGR of over 4.5% during 2026-2035.
- In 2025, North America led the global water treatment chemicals market with a share of 39%.
- The global iron oxide market size was valued at USD 2.5 billion in 2023 and is expected to reach USD 3.70 billion by 2033, growing at a CAGR of 4.00% from 2023 to 2033.
- The global iron chloride market size was valued at approximately USD 6.85 billion in 2024 and is projected to reach USD 12.03 billion by 2034, growing at a CAGR of roughly 5.79% between 2025 and 2034.
-
Specialty Chemicals (Pearlescent Pigments and Electroceramic Capacitors):
- The global pearlescent pigment market size was valued at USD 2.44 billion in 2024 and is projected to reach USD 3.7691 billion by 2033, growing at a CAGR of 6.5% from 2026 to 2033. Another estimate places the market at USD 4.60 billion in 2024, expected to reach USD 6.39 billion by 2032, growing at a CAGR of 4.20%.
- Asia Pacific dominated the global pearlescent pigment market with the largest share in 2024, and North America is projected to witness substantial growth.
- The global electroceramics market is valued at USD 10.1 billion in 2023 and is expected to grow at a CAGR of 4.0% to reach USD 15.0 billion by the end of 2033.
- The global ceramic electric capacitor market size was estimated at USD 9.5 billion in 2024 and is expected to reach USD 19 billion by 2034, growing at a CAGR of 7.5% from 2025 to 2034.
- The global multilayer ceramic capacitor market size was valued at USD 15.17 billion in 2025 and is projected to grow from USD 16.38 billion in 2026 to USD 30.29 billion by 2034, exhibiting a CAGR of 7.99%.
AI Analysis | Feedback
The expected drivers of future revenue growth for Kronos Worldwide (KRO) over the next 2-3 years are primarily linked to a recovery in market conditions for titanium dioxide (TiO2) and the company's operational response to such improvements.
- Recovery in TiO2 Selling Prices: A significant factor impacting Kronos Worldwide's recent performance has been lower average TiO2 selling prices, which contributed to decreased net sales and net losses in 2025. A reversal of this trend, leading to an increase in TiO2 selling prices, would directly drive revenue growth for the company.
- Increased Sales Volumes and Improved Demand: The company experienced lower sales volumes and a "subdued demand environment" in 2025. As global demand for TiO2-containing products (such as paints, coatings, plastics, and paper) recovers, Kronos Worldwide anticipates an increase in its sales volumes, which will be a key driver for revenue expansion.
- Higher Capacity Utilization: In response to weak demand, Kronos Worldwide implemented production curtailments and operated at lower capacity utilization rates (e.g., 77% in fiscal year 2025 compared to 96% in fiscal year 2024). An uptick in demand would allow the company to increase its production volumes and capacity utilization, leading to higher product availability and subsequently increased revenue.
AI Analysis | Feedback
Share Repurchases
- Kronos Worldwide had 1,017,518 shares available for repurchase under its stock repurchase program at December 31, 2025.
- The company repurchased 313,814 shares in 2023.
- No shares were repurchased in 2024 and 2025.
Outbound Investments
- Effective July 16, 2024, Kronos Worldwide acquired the remaining 50% joint venture interest in Louisiana Pigment Company, L.P. (LPC) from Venator Investments, Ltd. for $185 million, less a working capital adjustment.
- Following the acquisition in 2024, LPC became a wholly-owned subsidiary, and in 2025, LPC merged into Kronos Louisiana, Inc.
Capital Expenditures
- Capital expenditures were $29.5 million in 2024, primarily for maintaining and improving existing facilities.
- The company anticipates spending approximately $55 million on capital expenditures in 2025.
- Annual capital expenditures were $30 million in 2024, $47 million in 2023, $63 million in 2022, and $59 million in 2021.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Kronos Worldwide Earnings Notes | 12/16/2025 | |
| Is Kronos Worldwide Stock Built to Withstand More Downside? | 10/17/2025 | |
| Kronos Worldwide (KRO) Debt Comparison | 08/08/2025 | |
| Kronos Worldwide (KRO) Operating Cash Flow Comparison | 08/08/2025 | |
| Kronos Worldwide (KRO) EBITDA Comparison | 08/08/2025 | |
| Kronos Worldwide (KRO) Net Income Comparison | 08/08/2025 | |
| Kronos Worldwide (KRO) Tax Expense Comparison | 08/08/2025 | |
| Kronos Worldwide (KRO) Operating Income Comparison | 08/08/2025 | |
| Kronos Worldwide (KRO) Revenue Comparison | 08/08/2025 | |
| KRO Dip Buy Analysis | 07/10/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 90.58 |
| Mkt Cap | 2.0 |
| Rev LTM | 1,834 |
| Op Inc LTM | 101 |
| FCF LTM | 61 |
| FCF 3Y Avg | 57 |
| CFO LTM | 174 |
| CFO 3Y Avg | 164 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.6% |
| Rev Chg 3Y Avg | 1.9% |
| Rev Chg Q | 6.9% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Inc Chg LTM | -20.5% |
| Op Inc Chg 3Y Avg | 14.9% |
| Op Mgn LTM | 7.9% |
| Op Mgn 3Y Avg | 9.4% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 12.3% |
| CFO/Rev 3Y Avg | 12.1% |
| FCF/Rev LTM | 5.0% |
| FCF/Rev 3Y Avg | 5.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.0 |
| P/S | 1.7 |
| P/Op Inc | 22.7 |
| P/EBIT | 26.2 |
| P/E | 32.8 |
| P/CFO | 18.2 |
| Total Yield | 3.3% |
| Dividend Yield | 0.8% |
| FCF Yield 3Y Avg | 2.3% |
| D/E | 0.4 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.1% |
| 3M Rtn | 12.4% |
| 6M Rtn | 25.8% |
| 12M Rtn | 0.0% |
| 3Y Rtn | 10.7% |
| 1M Excs Rtn | 3.5% |
| 3M Excs Rtn | 0.4% |
| 6M Excs Rtn | 18.1% |
| 12M Excs Rtn | -25.7% |
| 3Y Excs Rtn | -62.0% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Manufacture and sale of titanium dioxide pigments (TiO2) and related by-products | 1,859 | 1,887 | 1,666 | 1,930 | 1,939 |
| Total | 1,859 | 1,887 | 1,666 | 1,930 | 1,939 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Manufacture and sale of titanium dioxide pigments (TiO2) and related by-products | -111 | 86 |
| Total | -111 | 86 |
Price Behavior
Price Behavior
| Market Price | $7.04 | |
| Market Cap ($ Bil) | 0.8 | |
| First Trading Date | 12/09/2003 | |
| Distance from 52W High | -10.0% | |
| 50 Days | 200 Days | |
| DMA Price | $6.86 | $5.68 |
| DMA Trend | up | up |
| Distance from DMA | 2.6% | 24.0% |
| 3M | 1YR | |
| Volatility | 55.1% | 52.2% |
| Downside Capture | 100.90 | 188.87 |
| Upside Capture | 171.27 | 157.18 |
| Correlation (SPY) | 30.9% | 39.6% |
KRO Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.72 | 1.51 | 1.21 | 1.32 | 1.67 | 1.34 |
| Up Beta | -0.53 | -0.11 | 0.09 | 0.91 | 1.81 | 1.53 |
| Down Beta | 7.22 | 5.34 | 1.72 | 1.74 | 1.33 | 1.03 |
| Up Capture | 240% | 141% | 192% | 190% | 209% | 182% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 11 | 21 | 31 | 59 | 117 | 354 |
| Down Capture | 702% | 361% | 139% | 106% | 155% | 110% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 8 | 18 | 30 | 62 | 128 | 381 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KRO | |
|---|---|---|---|---|
| KRO | 8.5% | 52.3% | 0.33 | - |
| Sector ETF (XLB) | 21.0% | 17.5% | 0.93 | 60.1% |
| Equity (SPY) | 24.9% | 12.3% | 1.52 | 39.4% |
| Gold (GLD) | 25.5% | 27.4% | 0.81 | 13.5% |
| Commodities (DBC) | 30.1% | 19.0% | 1.25 | -2.1% |
| Real Estate (VNQ) | 13.5% | 13.5% | 0.69 | 24.4% |
| Bitcoin (BTCUSD) | -41.7% | 42.2% | -1.16 | 22.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KRO | |
|---|---|---|---|---|
| KRO | -10.3% | 43.4% | -0.11 | - |
| Sector ETF (XLB) | 5.8% | 19.0% | 0.20 | 56.8% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 43.0% |
| Gold (GLD) | 16.8% | 18.2% | 0.75 | 13.2% |
| Commodities (DBC) | 8.4% | 19.4% | 0.33 | 14.6% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 37.5% |
| Bitcoin (BTCUSD) | 13.6% | 54.4% | 0.44 | 17.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KRO | |
|---|---|---|---|---|
| KRO | 7.0% | 44.2% | 0.31 | - |
| Sector ETF (XLB) | 10.4% | 20.7% | 0.45 | 59.3% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 47.3% |
| Gold (GLD) | 12.5% | 16.1% | 0.64 | 6.2% |
| Commodities (DBC) | 6.7% | 18.0% | 0.29 | 21.9% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 35.7% |
| Bitcoin (BTCUSD) | 60.3% | 66.8% | 1.00 | 13.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -6.9% | -4.6% | -14.5% |
| 3/9/2026 | -2.4% | -4.8% | 20.5% |
| 11/6/2025 | -6.8% | 2.1% | 0.1% |
| 8/6/2025 | -7.9% | 11.3% | 15.3% |
| 5/7/2025 | -1.6% | -2.3% | -10.1% |
| 3/6/2025 | -8.1% | -10.0% | -21.2% |
| 11/6/2024 | -3.9% | -12.0% | -19.7% |
| 8/7/2024 | 3.8% | 5.9% | 6.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 10 | 14 |
| # Negative | 16 | 14 | 10 |
| Median Positive | 3.6% | 5.1% | 7.9% |
| Median Negative | -5.4% | -4.7% | -12.3% |
| Max Positive | 16.6% | 33.9% | 40.0% |
| Max Negative | -13.6% | -20.6% | -24.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/09/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/06/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 03/08/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
Insider Activity
Updated 5/18/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kramer, Kevin B | Direct | Buy | 5182026 | 6.75 | 14,601 | 98,510 | 299,634 | Form | |
| 2 | McCoy, Kristin B | Executive VP, Global Tax | Direct | Buy | 8182025 | 6.05 | 2,000 | 12,100 | 12,100 | Form |
| 3 | Nace, Andrew B | Executive Vice President | Direct | Buy | 8132025 | 5.83 | 3,000 | 17,500 | 113,477 | Form |
| 4 | Hanley, Bryan A | Senior VP and Treasurer | Direct | Buy | 8122025 | 4.90 | 2,500 | 12,250 | 29,400 | Form |
| 5 | Reichert, Bart W | Vice President, Internal Audit | Direct | Buy | 8122025 | 4.96 | 20,000 | 99,200 | 99,200 | Form |
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Specialty Chemicals Resources |
| SpecialChem |
| Chemical Week |
| ICIS |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 6/13/2026