Forensic Analysis · Industrials / Manufacturing / Defense · as of Jun 27, 2026
KRONOS WORLDWIDE INC (KRO)
A forensic read on KRONOS WORLDWIDE INC built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Grey Zone
Financial health
2.3
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-17.0%
ROE
$751M
Market cap
2.94%
Dividend yield
KRONOS WORLDWIDE INC earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is 2.2, placing it in the Grey zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-2%Return on invested capital.Return on invested capital is -2% and slipping from 10% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
-0.1%/yrShare-count dilution.Diluted share count changed -0% over the last 3 years to FY2025 (-0.1%/yr). Roughly flat — buybacks are about offsetting stock comp, not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
-58%Dividend — cut.The payout was CUT ~58% in FY2025 (from FY2024). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin-6.0%
Debt / Equity0.85x
Free Cash Flow$-40.4M
Latest Revenue$1.86B
Return on Equity-14.8%
Revenue Growth YoY-1.5%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on KRONOS WORLDWIDE INC:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about KRO's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown