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Side-by-side financial comparison of MATTEL INC (MAT) and Tronox Holdings plc (TROX). Click either name above to swap in a different company.

MATTEL INC is the larger business by last-quarter revenue ($862.2M vs $730.0M, roughly 1.2× Tronox Holdings plc). MATTEL INC runs the higher net margin — 7.1% vs -24.1%, a 31.2% gap on every dollar of revenue. On growth, Tronox Holdings plc posted the faster year-over-year revenue change (8.0% vs 4.3%). Tronox Holdings plc produced more free cash flow last quarter ($53.0M vs $-88.1M). Over the past eight quarters, Tronox Holdings plc's revenue compounded faster (-2.9% CAGR vs -10.6%).

Mattel Films was the film production division of American toy and entertainment company Mattel that operated from September 6, 2018 to June 2, 2025. It succeeded Mattel Playground Productions, which was formed on October 16, 2013 as part of Mattel Global Brands, a unified media structural and strategy unit, as itself the successor to Mattel Entertainment and Mattel Studios, Mattel's prior entertainment brands/banners.

Tronox Limited is an American worldwide chemical company involved in the titanium products industry with approximately 6,500 employees. Following its acquisition of the mineral sands business formerly belonging to South Africa's Exxaro Resources, Tronox is the largest fully integrated seller and marketer of titanium dioxide (TiO2) pigment, which provides brightness to applications such as coatings, plastics and paper. Tronox mines titanium-bearing mineral sands and operates upgrading faciliti...

MAT vs TROX — Head-to-Head

Bigger by revenue
MAT
MAT
1.2× larger
MAT
$862.2M
$730.0M
TROX
Growing faster (revenue YoY)
TROX
TROX
+3.7% gap
TROX
8.0%
4.3%
MAT
Higher net margin
MAT
MAT
31.2% more per $
MAT
7.1%
-24.1%
TROX
More free cash flow
TROX
TROX
$141.1M more FCF
TROX
$53.0M
$-88.1M
MAT
Faster 2-yr revenue CAGR
TROX
TROX
Annualised
TROX
-2.9%
-10.6%
MAT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAT
MAT
TROX
TROX
Revenue
$862.2M
$730.0M
Net Profit
$61.0M
$-176.0M
Gross Margin
44.9%
5.3%
Operating Margin
-15.6%
Net Margin
7.1%
-24.1%
Revenue YoY
4.3%
8.0%
Net Profit YoY
251.4%
-486.7%
EPS (diluted)
$0.20
$-1.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MAT
MAT
TROX
TROX
Q1 26
$862.2M
Q4 25
$1.8B
$730.0M
Q3 25
$1.7B
$699.0M
Q2 25
$1.0B
$731.0M
Q1 25
$826.6M
$738.0M
Q4 24
$1.6B
$676.0M
Q3 24
$1.8B
$804.0M
Q2 24
$1.1B
$820.0M
Net Profit
MAT
MAT
TROX
TROX
Q1 26
$61.0M
Q4 25
$106.2M
$-176.0M
Q3 25
$278.4M
$-99.0M
Q2 25
$53.4M
$-84.0M
Q1 25
$-40.3M
$-111.0M
Q4 24
$140.9M
$-30.0M
Q3 24
$372.4M
$-25.0M
Q2 24
$56.9M
$16.0M
Gross Margin
MAT
MAT
TROX
TROX
Q1 26
44.9%
Q4 25
45.9%
5.3%
Q3 25
50.0%
7.4%
Q2 25
50.9%
10.8%
Q1 25
49.4%
13.4%
Q4 24
50.7%
17.3%
Q3 24
53.1%
15.9%
Q2 24
49.2%
18.3%
Operating Margin
MAT
MAT
TROX
TROX
Q1 26
Q4 25
8.0%
-15.6%
Q3 25
21.9%
-6.2%
Q2 25
7.7%
-4.8%
Q1 25
-6.4%
-8.3%
Q4 24
9.6%
7.1%
Q3 24
26.5%
6.7%
Q2 24
7.7%
9.3%
Net Margin
MAT
MAT
TROX
TROX
Q1 26
7.1%
Q4 25
6.0%
-24.1%
Q3 25
16.0%
-14.2%
Q2 25
5.2%
-11.5%
Q1 25
-4.9%
-15.0%
Q4 24
8.6%
-4.4%
Q3 24
20.2%
-3.1%
Q2 24
5.3%
2.0%
EPS (diluted)
MAT
MAT
TROX
TROX
Q1 26
$0.20
Q4 25
$0.32
$-1.11
Q3 25
$0.88
$-0.63
Q2 25
$0.16
$-0.53
Q1 25
$-0.12
$-0.70
Q4 24
$0.40
$-0.19
Q3 24
$1.09
$-0.16
Q2 24
$0.17
$0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MAT
MAT
TROX
TROX
Cash + ST InvestmentsLiquidity on hand
$866.0M
$199.0M
Total DebtLower is stronger
$2.3B
$3.1B
Stockholders' EquityBook value
$2.1B
$1.4B
Total Assets
$6.3B
$6.2B
Debt / EquityLower = less leverage
1.11×
2.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAT
MAT
TROX
TROX
Q1 26
$866.0M
Q4 25
$1.2B
$199.0M
Q3 25
$691.9M
$185.0M
Q2 25
$870.5M
$132.0M
Q1 25
$1.2B
$138.0M
Q4 24
$1.4B
$151.0M
Q3 24
$723.5M
$167.0M
Q2 24
$722.4M
$201.0M
Total Debt
MAT
MAT
TROX
TROX
Q1 26
$2.3B
Q4 25
$2.3B
$3.1B
Q3 25
$2.3B
$3.1B
Q2 25
$2.3B
$2.7B
Q1 25
$2.3B
$2.8B
Q4 24
$2.3B
$2.8B
Q3 24
$2.3B
$2.8B
Q2 24
$2.3B
$2.8B
Stockholders' Equity
MAT
MAT
TROX
TROX
Q1 26
$2.1B
Q4 25
$2.2B
$1.4B
Q3 25
$2.3B
$1.6B
Q2 25
$2.2B
$1.6B
Q1 25
$2.1B
$1.7B
Q4 24
$2.3B
$1.8B
Q3 24
$2.3B
$1.9B
Q2 24
$2.0B
$1.9B
Total Assets
MAT
MAT
TROX
TROX
Q1 26
$6.3B
Q4 25
$6.6B
$6.2B
Q3 25
$6.6B
$6.3B
Q2 25
$6.2B
$6.2B
Q1 25
$6.2B
$6.1B
Q4 24
$6.5B
$6.0B
Q3 24
$6.5B
$6.2B
Q2 24
$5.9B
$6.1B
Debt / Equity
MAT
MAT
TROX
TROX
Q1 26
1.11×
Q4 25
1.04×
2.21×
Q3 25
1.03×
2.01×
Q2 25
1.08×
1.67×
Q1 25
1.10×
1.64×
Q4 24
1.03×
1.57×
Q3 24
1.01×
1.45×
Q2 24
1.18×
1.47×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MAT
MAT
TROX
TROX
Operating Cash FlowLast quarter
$121.0M
Free Cash FlowOCF − Capex
$-88.1M
$53.0M
FCF MarginFCF / Revenue
-10.2%
7.3%
Capex IntensityCapex / Revenue
7.6%
9.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-281.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAT
MAT
TROX
TROX
Q1 26
Q4 25
$796.6M
$121.0M
Q3 25
$72.0M
$-57.0M
Q2 25
$-300.1M
$28.0M
Q1 25
$24.8M
$-32.0M
Q4 24
$862.1M
$82.0M
Q3 24
$155.8M
$87.0M
Q2 24
$-252.9M
$160.0M
Free Cash Flow
MAT
MAT
TROX
TROX
Q1 26
$-88.1M
Q4 25
$53.0M
Q3 25
$-137.0M
Q2 25
$-55.0M
Q1 25
$-142.0M
Q4 24
$-35.0M
Q3 24
$-14.0M
Q2 24
$84.0M
FCF Margin
MAT
MAT
TROX
TROX
Q1 26
-10.2%
Q4 25
7.3%
Q3 25
-19.6%
Q2 25
-7.5%
Q1 25
-19.2%
Q4 24
-5.2%
Q3 24
-1.7%
Q2 24
10.2%
Capex Intensity
MAT
MAT
TROX
TROX
Q1 26
7.6%
Q4 25
9.3%
Q3 25
11.4%
Q2 25
11.4%
Q1 25
14.9%
Q4 24
17.3%
Q3 24
12.6%
Q2 24
9.3%
Cash Conversion
MAT
MAT
TROX
TROX
Q1 26
Q4 25
7.50×
Q3 25
0.26×
Q2 25
-5.62×
Q1 25
Q4 24
6.12×
Q3 24
0.42×
Q2 24
-4.45×
10.00×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MAT
MAT

Segment breakdown not available.

TROX
TROX

Ti O2$577.0M79%
Zircon$78.0M11%
Idle Facility And Lower Of Cost Or Net Realizable Value Charges$42.0M6%
Other$20.0M3%
MGT$13.0M2%

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