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DOW vs TROX
Revenue, margins, valuation, and 5-year total return — side by side.
Chemicals
DOW vs TROX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Chemicals | Chemicals |
| Market Cap | $27.71B | $1.62B |
| Revenue (TTM) | $39.33B | $2.90B |
| Net Income (TTM) | $-2.76B | $-470M |
| Gross Margin | 6.2% | 9.3% |
| Operating Margin | -2.3% | -6.0% |
| Forward P/E | 13.0x | — |
| Total Debt | $19.60B | $3.59B |
| Cash & Equiv. | $3.82B | $211M |
DOW vs TROX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Dow Inc. (DOW) | 100 | 99.7 | -0.3% |
| Tronox Holdings plc (TROX) | 100 | 152.6 | +52.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DOW vs TROX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
DOW carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.76, yield 5.4%
- Lower volatility, beta 0.76, current ratio 1.97x
- Beta 0.76, yield 5.4%, current ratio 1.97x
TROX is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth -5.7%, EPS growth -8.9%, 3Y rev CAGR -5.7%
- 104.7% 10Y total return vs DOW's 14.6%
- -5.7% revenue growth vs DOW's -7.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -5.7% revenue growth vs DOW's -7.0% | |
| Quality / Margins | -7.0% margin vs TROX's -16.2% | |
| Stability / Safety | Beta 0.76 vs TROX's 2.37, lower leverage | |
| Dividends | 5.4% yield, vs TROX's 3.0% | |
| Momentum (1Y) | +96.0% vs DOW's +39.8% | |
| Efficiency (ROA) | -4.6% ROA vs TROX's -7.6%, ROIC 0.6% vs -0.3% |
DOW vs TROX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
DOW vs TROX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
DOW leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DOW is the larger business by revenue, generating $39.3B annually — 13.6x TROX's $2.9B. DOW is the more profitable business, keeping -7.0% of every revenue dollar as net income compared to TROX's -16.2%. On growth, TROX holds the edge at +8.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $39.3B | $2.9B |
| EBITDAEarnings before interest/tax | $1.3B | $128M |
| Net IncomeAfter-tax profit | -$2.8B | -$470M |
| Free Cash FlowCash after capex | -$2.0B | -$281M |
| Gross MarginGross profit ÷ Revenue | +6.2% | +9.3% |
| Operating MarginEBIT ÷ Revenue | -2.3% | -6.0% |
| Net MarginNet income ÷ Revenue | -7.0% | -16.2% |
| FCF MarginFCF ÷ Revenue | -5.1% | -9.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | -6.1% | +8.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -68.2% | -4.8% |
Valuation Metrics
Evenly matched — DOW and TROX each lead in 2 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, DOW's 14.1x EV/EBITDA is more attractive than TROX's 17.8x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $27.7B | $1.6B |
| Enterprise ValueMkt cap + debt − cash | $43.5B | $5.0B |
| Trailing P/EPrice ÷ TTM EPS | -10.43x | -3.41x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.02x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 14.06x | 17.78x |
| Price / SalesMarket cap ÷ Revenue | 0.69x | 0.56x |
| Price / BookPrice ÷ Book value/share | 1.56x | 1.11x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
DOW leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
DOW delivers a -15.4% return on equity — every $100 of shareholder capital generates $-15 in annual profit, vs $-29 for TROX. DOW carries lower financial leverage with a 1.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to TROX's 2.48x. On the Piotroski fundamental quality scale (0–9), DOW scores 3/9 vs TROX's 2/9, reflecting mixed financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -15.4% | -29.3% |
| ROA (TTM)Return on assets | -4.6% | -7.6% |
| ROICReturn on invested capital | +0.6% | -0.3% |
| ROCEReturn on capital employed | +0.5% | -0.4% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 2 |
| Debt / EquityFinancial leverage | 1.12x | 2.48x |
| Net DebtTotal debt minus cash | $15.8B | $3.4B |
| Cash & Equiv.Liquid assets | $3.8B | $211M |
| Total DebtShort + long-term debt | $19.6B | $3.6B |
| Interest CoverageEBIT ÷ Interest expense | -1.51x | -1.42x |
Total Returns (Dividends Reinvested)
TROX leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in DOW five years ago would be worth $7,452 today (with dividends reinvested), compared to $5,214 for TROX. Over the past 12 months, TROX leads with a +96.0% total return vs DOW's +39.8%. The 3-year compound annual growth rate (CAGR) favors TROX at -3.5% vs DOW's -5.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +60.1% | +138.4% |
| 1-Year ReturnPast 12 months | +39.8% | +96.0% |
| 3-Year ReturnCumulative with dividends | -15.3% | -10.1% |
| 5-Year ReturnCumulative with dividends | -25.5% | -47.9% |
| 10-Year ReturnCumulative with dividends | +14.6% | +104.7% |
| CAGR (3Y)Annualised 3-year return | -5.4% | -3.5% |
Risk & Volatility
Evenly matched — DOW and TROX each lead in 1 of 2 comparable metrics.
Risk & Volatility
DOW is the less volatile stock with a 0.76 beta — it tends to amplify market swings less than TROX's 2.37 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TROX currently trades 95.7% from its 52-week high vs DOW's 90.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.76x | 2.37x |
| 52-Week HighHighest price in past year | $42.74 | $10.59 |
| 52-Week LowLowest price in past year | $20.40 | $2.86 |
| % of 52W HighCurrent price vs 52-week peak | +90.1% | +95.7% |
| RSI (14)Momentum oscillator 0–100 | 59.4 | 63.8 |
| Avg Volume (50D)Average daily shares traded | 14.3M | 3.1M |
Analyst Outlook
DOW leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates DOW as "Hold" and TROX as "Buy". Consensus price targets imply 2.7% upside for DOW (target: $40) vs -28.4% for TROX (target: $7). For income investors, DOW offers the higher dividend yield at 5.44% vs TROX's 2.99%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $39.55 | $7.25 |
| # AnalystsCovering analysts | 35 | 17 |
| Dividend YieldAnnual dividend ÷ price | +5.4% | +3.0% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $2.09 | $0.30 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
DOW leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TROX leads in 1 (Total Returns). 2 tied.
DOW vs TROX: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is DOW or TROX a better buy right now?
For growth investors, Tronox Holdings plc (TROX) is the stronger pick with -5.
7% revenue growth year-over-year, versus -7. 0% for Dow Inc. (DOW). Analysts rate Tronox Holdings plc (TROX) a "Buy" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — DOW or TROX?
Over the past 5 years, Dow Inc.
(DOW) delivered a total return of -25. 5%, compared to -47. 9% for Tronox Holdings plc (TROX). Over 10 years, the gap is even starker: TROX returned +104. 7% versus DOW's +14. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — DOW or TROX?
By beta (market sensitivity over 5 years), Dow Inc.
(DOW) is the lower-risk stock at 0. 76β versus Tronox Holdings plc's 2. 37β — meaning TROX is approximately 213% more volatile than DOW relative to the S&P 500. On balance sheet safety, Dow Inc. (DOW) carries a lower debt/equity ratio of 112% versus 2% for Tronox Holdings plc — giving it more financial flexibility in a downturn.
04Which is growing faster — DOW or TROX?
By revenue growth (latest reported year), Tronox Holdings plc (TROX) is pulling ahead at -5.
7% versus -7. 0% for Dow Inc. (DOW). On earnings-per-share growth, the picture is similar: Dow Inc. grew EPS -335. 0% year-over-year, compared to -890. 0% for Tronox Holdings plc. Over a 3-year CAGR, TROX leads at -5. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — DOW or TROX?
Dow Inc.
(DOW) is the more profitable company, earning -6. 6% net margin versus -16. 2% for Tronox Holdings plc — meaning it keeps -6. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DOW leads at 0. 7% versus -0. 7% for TROX. At the gross margin level — before operating expenses — TROX leads at 9. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is DOW or TROX more undervalued right now?
Analyst consensus price targets imply the most upside for DOW: 2.
7% to $39. 55.
07Which pays a better dividend — DOW or TROX?
All stocks in this comparison pay dividends.
Dow Inc. (DOW) offers the highest yield at 5. 4%, versus 3. 0% for Tronox Holdings plc (TROX).
08Is DOW or TROX better for a retirement portfolio?
For long-horizon retirement investors, Dow Inc.
(DOW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 76), 5. 4% yield). Tronox Holdings plc (TROX) carries a higher beta of 2. 37 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (DOW: +14. 6%, TROX: +104. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between DOW and TROX?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: DOW is a mid-cap income-oriented stock; TROX is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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