How many subsidiaries does VALHI INC /DE/ file with the SEC?

15, listed in its most recent exhibit 21. They are incorporated across 5 jurisdictions, led by Utah, Delaware, New Jersey. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is VALHI INC /DE/ financially healthy?

VALHI INC /DE/ scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

VALHI INC /DE/ (VHI)

NYSE · Common Stock · Industrial Inorganic Chemicals

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

15 entities across 5 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-10 — see the exhibit.

Which other public companies file entities in the same places:

Delaware6 Nevada6 Utah1 New Jersey1 Vermont1

Subsidiaries of VALHI INC /DE/ as disclosed in its SEC filing
Entity	Jurisdiction	Note
ASC Holdings, Inc.	Utah
Kronos Worldwide, Inc. (2)	Delaware
NL Industries, Inc. (2), (3), (4)	New Jersey
CompX International Inc. (4)	Delaware
Tremont LLC	Delaware
TRECO LLC	Nevada
Basic Management, Inc.	Nevada
Basic Environmental Company LLC	Nevada
Basic Remediation Company LLC	Nevada
Basic Land Company	Nevada
The LandWell Company LP (5)

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 8

FAILReturn on assets positiveROA -2.2%
FAILOperating cash flow positiveOCF -36M
FAILReturn on assets improving3.9% → -2.2%
PASSCash flow exceeds earningsOCF -36M vs NI -58M
FAILLong-term debt ratio fallingno debt reported
PASSCurrent ratio improving2.26 → 2.80
PASSNo share dilution29 → 29 shares
FAILGross margin improving20.2% → 14.2%
PASSAsset turnover improving0.75× → 0.79×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$1.8B	$55.2M	$86.7M	22.3%	28,500,000
FY2021	$2.3B	$127.2M	$395.6M	25.3%	28,500,000
FY2022	$2.2B	$90.2M	−$32.7M	22.1%	28,500,000
FY2023	$1.9B	−$12.1M	−$44.6M	12.8%	28,500,000
FY2024	$2.1B	$108.0M	$13.1M	20.2%	28.5
FY2025

Identity

CIK: 0000059255
FIGI: BBG000BWCZY8
SIC: 2810 · Industrial Inorganic Chemicals
Incorporated: DE
Headquarters: DALLAS, TX

Ownership

Institutional: 4.2%
Institutions: 87
Insiders: 91.5%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other industrial inorganic chemicals companies

VALHI INC /DE/ files under SIC 2810 — all 7 industrial inorganic chemicals companies compared on assets and F-score.

LINDE PLCLIN Air Products & Chemicals, Inc.APD Tronox Holdings plcTROX MINERALS TECHNOLOGIES INCMTX KRONOS WORLDWIDE INCKRO LUXFER HOLDINGS PLCLXFR

Questions about VALHI INC /DE/

How many subsidiaries does VALHI INC /DE/ file with the SEC?: 15, listed in its most recent exhibit 21. They are incorporated across 5 jurisdictions, led by Utah, Delaware, New Jersey. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is VALHI INC /DE/ financially healthy?: VALHI INC /DE/ scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.