Flagship explainer

How VALHI, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$2.1B · 100%Cost of revenue$1.8B · 86%Gross profit$295M · 14%Operating income$63.3M · 3%Income before tax−$43M · −2%Income tax$11.9M · 1%Net income−$57.6M · −3%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$2.1B100%
Cost of revenue$1.8B86%
$295M14%
$63.3M3%
Income before tax−$43M−2%
Income tax$11.9M1%
−$57.6M−3%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
Embed this chart

View the full VALHI, INC. analysis at Buy Like Buffett