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Side-by-side financial comparison of StubHub Holdings, Inc. (STUB) and Tronox Holdings plc (TROX). Click either name above to swap in a different company.

Tronox Holdings plc is the larger business by last-quarter revenue ($730.0M vs $468.1M, roughly 1.6× StubHub Holdings, Inc.). Tronox Holdings plc runs the higher net margin — -24.1% vs -276.6%, a 252.4% gap on every dollar of revenue. On growth, Tronox Holdings plc posted the faster year-over-year revenue change (8.0% vs 7.9%). StubHub Holdings, Inc. produced more free cash flow last quarter ($180.3M vs $53.0M).

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

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...

STUB vs TROX — Head-to-Head

Bigger by revenue
TROX
TROX
1.6× larger
TROX
$730.0M
$468.1M
STUB
Growing faster (revenue YoY)
TROX
TROX
+0.1% gap
TROX
8.0%
7.9%
STUB
Higher net margin
TROX
TROX
252.4% more per $
TROX
-24.1%
-276.6%
STUB
More free cash flow
STUB
STUB
$127.3M more FCF
STUB
$180.3M
$53.0M
TROX

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
STUB
STUB
TROX
TROX
Revenue
$468.1M
$730.0M
Net Profit
$-1.3B
$-176.0M
Gross Margin
5.3%
Operating Margin
-292.3%
-15.6%
Net Margin
-276.6%
-24.1%
Revenue YoY
7.9%
8.0%
Net Profit YoY
-3821.6%
-486.7%
EPS (diluted)
$-4.27
$-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
STUB
STUB
TROX
TROX
Q4 25
$730.0M
Q3 25
$468.1M
$699.0M
Q2 25
$731.0M
Q1 25
$738.0M
Q4 24
$676.0M
Q3 24
$433.8M
$804.0M
Q2 24
$820.0M
Q1 24
$774.0M
Net Profit
STUB
STUB
TROX
TROX
Q4 25
$-176.0M
Q3 25
$-1.3B
$-99.0M
Q2 25
$-84.0M
Q1 25
$-111.0M
Q4 24
$-30.0M
Q3 24
$-33.0M
$-25.0M
Q2 24
$16.0M
Q1 24
$-9.0M
Gross Margin
STUB
STUB
TROX
TROX
Q4 25
5.3%
Q3 25
7.4%
Q2 25
10.8%
Q1 25
13.4%
Q4 24
17.3%
Q3 24
15.9%
Q2 24
18.3%
Q1 24
15.5%
Operating Margin
STUB
STUB
TROX
TROX
Q4 25
-15.6%
Q3 25
-292.3%
-6.2%
Q2 25
-4.8%
Q1 25
-8.3%
Q4 24
7.1%
Q3 24
2.8%
6.7%
Q2 24
9.3%
Q1 24
5.3%
Net Margin
STUB
STUB
TROX
TROX
Q4 25
-24.1%
Q3 25
-276.6%
-14.2%
Q2 25
-11.5%
Q1 25
-15.0%
Q4 24
-4.4%
Q3 24
-7.6%
-3.1%
Q2 24
2.0%
Q1 24
-1.2%
EPS (diluted)
STUB
STUB
TROX
TROX
Q4 25
$-1.11
Q3 25
$-4.27
$-0.63
Q2 25
$-0.53
Q1 25
$-0.70
Q4 24
$-0.19
Q3 24
$-0.15
$-0.16
Q2 24
$0.10
Q1 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
STUB
STUB
TROX
TROX
Cash + ST InvestmentsLiquidity on hand
$1.4B
$199.0M
Total DebtLower is stronger
$1.7B
$3.1B
Stockholders' EquityBook value
$1.7B
$1.4B
Total Assets
$5.6B
$6.2B
Debt / EquityLower = less leverage
0.98×
2.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STUB
STUB
TROX
TROX
Q4 25
$199.0M
Q3 25
$1.4B
$185.0M
Q2 25
$132.0M
Q1 25
$138.0M
Q4 24
$151.0M
Q3 24
$1.1B
$167.0M
Q2 24
$201.0M
Q1 24
$152.0M
Total Debt
STUB
STUB
TROX
TROX
Q4 25
$3.1B
Q3 25
$1.7B
$3.1B
Q2 25
$2.7B
Q1 25
$2.8B
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$2.8B
Q1 24
$2.8B
Stockholders' Equity
STUB
STUB
TROX
TROX
Q4 25
$1.4B
Q3 25
$1.7B
$1.6B
Q2 25
$1.6B
Q1 25
$1.7B
Q4 24
$1.8B
Q3 24
$815.9M
$1.9B
Q2 24
$1.9B
Q1 24
$1.9B
Total Assets
STUB
STUB
TROX
TROX
Q4 25
$6.2B
Q3 25
$5.6B
$6.3B
Q2 25
$6.2B
Q1 25
$6.1B
Q4 24
$6.0B
Q3 24
$6.2B
Q2 24
$6.1B
Q1 24
$6.0B
Debt / Equity
STUB
STUB
TROX
TROX
Q4 25
2.21×
Q3 25
0.98×
2.01×
Q2 25
1.67×
Q1 25
1.64×
Q4 24
1.57×
Q3 24
1.45×
Q2 24
1.47×
Q1 24
1.48×

Cash Flow & Capital Efficiency

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

Metric
STUB
STUB
TROX
TROX
Operating Cash FlowLast quarter
$181.4M
$121.0M
Free Cash FlowOCF − Capex
$180.3M
$53.0M
FCF MarginFCF / Revenue
38.5%
7.3%
Capex IntensityCapex / Revenue
0.2%
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
STUB
STUB
TROX
TROX
Q4 25
$121.0M
Q3 25
$181.4M
$-57.0M
Q2 25
$28.0M
Q1 25
$-32.0M
Q4 24
$82.0M
Q3 24
$87.0M
Q2 24
$160.0M
Q1 24
$-29.0M
Free Cash Flow
STUB
STUB
TROX
TROX
Q4 25
$53.0M
Q3 25
$180.3M
$-137.0M
Q2 25
$-55.0M
Q1 25
$-142.0M
Q4 24
$-35.0M
Q3 24
$-14.0M
Q2 24
$84.0M
Q1 24
$-105.0M
FCF Margin
STUB
STUB
TROX
TROX
Q4 25
7.3%
Q3 25
38.5%
-19.6%
Q2 25
-7.5%
Q1 25
-19.2%
Q4 24
-5.2%
Q3 24
-1.7%
Q2 24
10.2%
Q1 24
-13.6%
Capex Intensity
STUB
STUB
TROX
TROX
Q4 25
9.3%
Q3 25
0.2%
11.4%
Q2 25
11.4%
Q1 25
14.9%
Q4 24
17.3%
Q3 24
12.6%
Q2 24
9.3%
Q1 24
9.8%
Cash Conversion
STUB
STUB
TROX
TROX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
10.00×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

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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