Tronox Holdings plc TROX

Competitive advantage analysis · basic-materials

Corporate Default
Overall moat score
35/100
Developing

About Tronox Holdings plc

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; high purity pig iron; monazite; feedstock; and titanium tetrachloride products. … Full TROX analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.86), suggesting sticky customer base.

Key risks

  • ROIC Below WACC or Peers ROIC at 29.4th percentile suggests inefficient capital deployment.
  • Elevated Debt Risk Debt serviceability is weak (score 0.15), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
30

Where TROX ranks in Chemicals

Tronox Holdings plc ranks #13 of 18 scored companies in Chemicals by moat score — the top 72%. The widest moat in the group is Westlake Chemical Partners LP (WLKP) at 88/100.

Moat scores for companies ranked near TROX in Chemicals
# Company Moat score Rating
9 Dow Inc. DOW 49/100 Developing
10 Huntsman Corporation HUN 47/100 Developing
11 Olin Corporation OLN 45/100 Developing
12 Celanese Corporation CE 36/100 Developing
13 Tronox Holdings plc TROX 35/100 Developing
14 ASP Isotopes Inc. ASPI 31/100 Developing
15 Gulf Resources, Inc. GURE 31/100 Developing
16 Braskem SA BAK 25/100 Developing
17 Origin Materials, Inc. ORGN 19/100 Weak

See every General Corporate company ranked by moat score →

How TROX scores on the Corporate Default defenses

Pricing Power

Score 30 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 29 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 60 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 30 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 29 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 32 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding TROX's moat

What is Tronox Holdings plc's moat score?

Tronox Holdings plc (TROX) scores 35 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #13 of 18 scored companies in Chemicals, the top 72%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 17 companies in Chemicals. Its strongest defense is Customer Stickiness (60/100) and its weakest is Resilience (29/100).

How does Tronox Holdings plc compare with other Chemicals companies?

Tronox Holdings plc ranks #13 of 18 scored companies in Chemicals by moat score. The widest moat in Chemicals is Westlake Chemical Partners LP (WLKP) at 88/100. The companies ranked closest are Celanese Corporation (CE) at 36 just above it and ASP Isotopes Inc. (ASPI) at 31 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 17 companies in Chemicals. The defenses are then weighted to produce the overall score out of 100.

Why is Tronox Holdings plc scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Tronox Holdings plc?

The Corporate Default template measures 6 defenses, and TROX scores: Pricing Power (30), Cost Advantage (29), Customer Stickiness (60), Capital Efficiency (30), Resilience (29), Scale & Market Position (32). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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