Kronos Worldwide (KRO) financial statements
Kronos Worldwide reported revenue of $1.9B in fiscal 2025, up 3.5% a year over 9 years.
Net income was -$111M and the operating margin -2.0%, against 6.8% in 2016.
Free cash flow was -$40M, and the company returned $23M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Kronos Worldwide's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.7B | $1.7B | $1.7B | $1.6B | $1.9B | $1.9B | $1.7B | $1.9B | $1.9B |
| Cost of revenue | $1.1B | $1.2B | $1.1B | $1.3B | $1.3B | $1.5B | $1.5B | $1.5B | $1.5B | $1.6B |
| Gross profit | $265M | $570M | $562M | $386M | $351M | $446M | $391M | $165M | $359M | $213M |
| Research and development | $13M | $18M | $16M | $17M | $16M | $17M | $15M | $18M | $14M | $16M |
| Selling, general and admin | $168M | $201M | $228M | $228M | $219M | $249M | $231M | $211M | $226M | $245M |
| Operating income | $93M | $348M | $330M | $146M | $116M | $187M | $160M | -$56M | $123M | -$36M |
| Interest expense | $20M | $19M | $20M | $19M | $19M | $20M | $17M | $17M | $43M | $53M |
| Pre-tax income | $61M | $306M | $294M | $121M | $80M | $153M | $134M | -$73M | $150M | -$97M |
| Income tax | $18M | -$49M | $89M | $34M | $16M | $40M | $29M | -$24M | $63M | $14M |
| Net income | $43M | $354M | $205M | $87M | $64M | $113M | $104M | -$49M | $86M | -$111M |
| EPS (diluted) | $0.37 | $3.06 | $1.77 | $0.75 | $0.55 | $0.98 | $0.90 | -$0.43 | $0.75 | -$0.96 |
| Diluted shares | 116M | 116M | 116M | 116M | 116M | 116M | 116M | 115M | 115M | 115M |
| Gross margin | 19.4% | 32.9% | 33.8% | 22.3% | 21.4% | 23.0% | 20.3% | 9.9% | 19.0% | 11.5% |
| Operating margin | 6.8% | 20.1% | 19.9% | 8.4% | 7.1% | 9.6% | 8.3% | -3.4% | 6.5% | -2.0% |
| Net margin | 3.2% | 20.5% | 12.3% | 5.0% | 3.9% | 5.8% | 5.4% | -2.9% | 4.6% | -6.0% |
Balance sheet
Fiscal years, from Kronos Worldwide's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $51M | $322M | $373M | $391M | $355M | $406M | $328M | $195M | $107M | $33M |
| Receivables | $241M | $319M | $312M | $302M | $320M | $361M | $252M | $295M | $292M | — |
| Inventory | $344M | $382M | $498M | $503M | $519M | $432M | $609M | $565M | $657M | $629M |
| Total current assets | $650M | $1.1B | $1.2B | $1.2B | $1.2B | $1.3B | $1.2B | $1.1B | $1.1B | $994M |
| Property, plant and equipment | $434M | $506M | $486M | $491M | $525M | $503M | $484M | $483M | $694M | $724M |
| Goodwill | — | — | — | — | — | — | — | — | $3M | $3M |
| Total assets | $1.2B | $1.8B | $1.9B | $2.0B | $2.0B | $2.0B | $1.9B | $1.8B | $1.9B | $1.8B |
| Total current liabilities | $182M | $232M | $233M | $271M | $260M | $289M | $327M | $371M | $477M | $369M |
| Long-term debt | $335M | $474M | $455M | $444M | $487M | $450M | $424M | $441M | $429M | $557M |
| Total liabilities | $785M | $1.1B | $1.1B | $1.1B | $1.2B | $1.1B | $977M | $1.0B | $1.1B | $1.1B |
| Shareholders' equity | $395M | $754M | $840M | $816M | $796M | $870M | $957M | $808M | $817M | $751M |
| Net debt | $285M | $152M | $83M | $55M | $132M | $45M | $97M | $246M | $401M | $524M |
Cash flow
Fiscal years, from Kronos Worldwide's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $90M | $276M | $188M | $160M | $102M | $206M | $82M | $6M | $72M | $2M |
| Capital spending | $53M | $64M | $56M | $55M | $63M | $59M | $63M | $47M | $30M | $43M |
| Free cash flow | $37M | $212M | $132M | $105M | $40M | $148M | $18M | -$42M | $43M | -$40M |
| Dividends paid | $70M | $70M | $79M | $83M | $83M | $83M | $88M | $88M | $55M | $23M |
| Share buybacks (net) | — | — | — | -$3M | -$1M | -$200,000 | -$2M | -$3M | — | — |
| Net borrowing | -$4M | $137M | -$2M | -$2M | -$1M | -$1M | -$1M | -$1M | -$53M | -$88M |
| Free cash flow margin | 2.7% | 12.2% | 8.0% | 6.1% | 2.4% | 7.6% | 1.0% | -2.5% | 2.3% | -2.2% |
| Dividends per share | $0.60 | $0.60 | $0.68 | $0.72 | $0.72 | $0.72 | $0.76 | $0.76 | $0.48 | $0.20 |
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Open KRO in InvestinglyQuestions
What was Kronos Worldwide's revenue in 2025?
$1.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Kronos Worldwide generate?
-$40M in fiscal 2025 (operating cash flow minus capital spending).
From Kronos Worldwide's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.