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Side-by-side financial comparison of Gentherm Inc (THRM) 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 ($760.0M vs $382.8M, roughly 2.0× Gentherm Inc). On growth, Gentherm Inc posted the faster year-over-year revenue change (8.5% vs 4.1%). Tronox Holdings plc produced more free cash flow last quarter ($53.0M vs $6.7M). Over the past eight quarters, Gentherm Inc's revenue compounded faster (3.7% CAGR vs -3.7%).

Gentherm Incorporated, formerly Amerigon, is an American thermal management technologies company. Gentherm created the first thermoelectrically heated and cooled seat system for the automotive industry. Called the "Climate Control Seat" system, it was first adopted by the Ford Motor Company and introduced as an option on the model year 2000 Lincoln Navigator in 1999. Today it is available on more than 50 vehicles sold by Ford, General Motors, Toyota (Lexus), Kia, Hyundai, Nissan (Infiniti), R...

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...

THRM vs TROX — Head-to-Head

Bigger by revenue
TROX
TROX
2.0× larger
TROX
$760.0M
$382.8M
THRM
Growing faster (revenue YoY)
THRM
THRM
+4.4% gap
THRM
8.5%
4.1%
TROX
More free cash flow
TROX
TROX
$46.3M more FCF
TROX
$53.0M
$6.7M
THRM
Faster 2-yr revenue CAGR
THRM
THRM
Annualised
THRM
3.7%
-3.7%
TROX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
THRM
THRM
TROX
TROX
Revenue
$382.8M
$760.0M
Net Profit
$3.0M
Gross Margin
23.7%
0.0%
Operating Margin
4.6%
Net Margin
0.8%
Revenue YoY
8.5%
4.1%
Net Profit YoY
-80.5%
EPS (diluted)
$0.08

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
THRM
THRM
TROX
TROX
Q1 26
$760.0M
Q4 25
$382.8M
$730.0M
Q3 25
$386.9M
$699.0M
Q2 25
$375.1M
$731.0M
Q1 25
$353.9M
$738.0M
Q4 24
$352.9M
$676.0M
Q3 24
$371.5M
$804.0M
Q2 24
$375.7M
$820.0M
Net Profit
THRM
THRM
TROX
TROX
Q1 26
Q4 25
$3.0M
$-176.0M
Q3 25
$14.9M
$-99.0M
Q2 25
$477.0K
$-84.0M
Q1 25
$-128.0K
$-111.0M
Q4 24
$15.3M
$-30.0M
Q3 24
$16.0M
$-25.0M
Q2 24
$18.9M
$16.0M
Gross Margin
THRM
THRM
TROX
TROX
Q1 26
0.0%
Q4 25
23.7%
5.3%
Q3 25
24.6%
7.4%
Q2 25
23.9%
10.8%
Q1 25
24.4%
13.4%
Q4 24
24.4%
17.3%
Q3 24
25.5%
15.9%
Q2 24
25.7%
18.3%
Operating Margin
THRM
THRM
TROX
TROX
Q1 26
Q4 25
4.6%
-15.6%
Q3 25
6.2%
-6.2%
Q2 25
6.4%
-4.8%
Q1 25
4.8%
-8.3%
Q4 24
6.7%
7.1%
Q3 24
8.7%
6.7%
Q2 24
8.8%
9.3%
Net Margin
THRM
THRM
TROX
TROX
Q1 26
Q4 25
0.8%
-24.1%
Q3 25
3.9%
-14.2%
Q2 25
0.1%
-11.5%
Q1 25
-0.0%
-15.0%
Q4 24
4.3%
-4.4%
Q3 24
4.3%
-3.1%
Q2 24
5.0%
2.0%
EPS (diluted)
THRM
THRM
TROX
TROX
Q1 26
Q4 25
$0.08
$-1.11
Q3 25
$0.49
$-0.63
Q2 25
$0.02
$-0.53
Q1 25
$0.00
$-0.70
Q4 24
$0.48
$-0.19
Q3 24
$0.51
$-0.16
Q2 24
$0.60
$0.10

Balance Sheet & Financial Strength

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

Metric
THRM
THRM
TROX
TROX
Cash + ST InvestmentsLiquidity on hand
$160.8M
$126
Total DebtLower is stronger
$189.0M
$133
Stockholders' EquityBook value
$720.3M
$1.3K
Total Assets
$1.4B
$6.1K
Debt / EquityLower = less leverage
0.26×
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
THRM
THRM
TROX
TROX
Q1 26
$126
Q4 25
$160.8M
$199.0M
Q3 25
$154.3M
$185.0M
Q2 25
$128.3M
$132.0M
Q1 25
$163.1M
$138.0M
Q4 24
$134.1M
$151.0M
Q3 24
$150.6M
$167.0M
Q2 24
$123.5M
$201.0M
Total Debt
THRM
THRM
TROX
TROX
Q1 26
$133
Q4 25
$189.0M
$3.1B
Q3 25
$189.0M
$3.1B
Q2 25
$209.0M
$2.7B
Q1 25
$262.0M
$2.8B
Q4 24
$220.1M
$2.8B
Q3 24
$222.1M
$2.8B
Q2 24
$222.1M
$2.8B
Stockholders' Equity
THRM
THRM
TROX
TROX
Q1 26
$1.3K
Q4 25
$720.3M
$1.4B
Q3 25
$717.9M
$1.6B
Q2 25
$699.7M
$1.6B
Q1 25
$646.5M
$1.7B
Q4 24
$616.9M
$1.8B
Q3 24
$660.7M
$1.9B
Q2 24
$640.3M
$1.9B
Total Assets
THRM
THRM
TROX
TROX
Q1 26
$6.1K
Q4 25
$1.4B
$6.2B
Q3 25
$1.4B
$6.3B
Q2 25
$1.4B
$6.2B
Q1 25
$1.3B
$6.1B
Q4 24
$1.2B
$6.0B
Q3 24
$1.3B
$6.2B
Q2 24
$1.2B
$6.1B
Debt / Equity
THRM
THRM
TROX
TROX
Q1 26
0.10×
Q4 25
0.26×
2.21×
Q3 25
0.26×
2.01×
Q2 25
0.30×
1.67×
Q1 25
0.41×
1.64×
Q4 24
0.36×
1.57×
Q3 24
0.34×
1.45×
Q2 24
0.35×
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
THRM
THRM
TROX
TROX
Operating Cash FlowLast quarter
$29.0M
Free Cash FlowOCF − Capex
$6.7M
$53.0M
FCF MarginFCF / Revenue
1.7%
7.0%
Capex IntensityCapex / Revenue
5.8%
0.0%
Cash ConversionOCF / Net Profit
9.70×
TTM Free Cash FlowTrailing 4 quarters
$61.1M
$-86.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
THRM
THRM
TROX
TROX
Q1 26
Q4 25
$29.0M
$121.0M
Q3 25
$56.1M
$-57.0M
Q2 25
$45.0M
$28.0M
Q1 25
$-13.3M
$-32.0M
Q4 24
$36.6M
$82.0M
Q3 24
$46.3M
$87.0M
Q2 24
$37.1M
$160.0M
Free Cash Flow
THRM
THRM
TROX
TROX
Q1 26
$53.0M
Q4 25
$6.7M
$53.0M
Q3 25
$46.5M
$-137.0M
Q2 25
$36.2M
$-55.0M
Q1 25
$-28.2M
$-142.0M
Q4 24
$13.6M
$-35.0M
Q3 24
$26.6M
$-14.0M
Q2 24
$17.8M
$84.0M
FCF Margin
THRM
THRM
TROX
TROX
Q1 26
7.0%
Q4 25
1.7%
7.3%
Q3 25
12.0%
-19.6%
Q2 25
9.6%
-7.5%
Q1 25
-8.0%
-19.2%
Q4 24
3.9%
-5.2%
Q3 24
7.2%
-1.7%
Q2 24
4.7%
10.2%
Capex Intensity
THRM
THRM
TROX
TROX
Q1 26
0.0%
Q4 25
5.8%
9.3%
Q3 25
2.5%
11.4%
Q2 25
2.4%
11.4%
Q1 25
4.2%
14.9%
Q4 24
6.5%
17.3%
Q3 24
5.3%
12.6%
Q2 24
5.2%
9.3%
Cash Conversion
THRM
THRM
TROX
TROX
Q1 26
Q4 25
9.70×
Q3 25
3.75×
Q2 25
94.43×
Q1 25
Q4 24
2.39×
Q3 24
2.90×
Q2 24
1.97×
10.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

THRM
THRM

Climate Control Seats$200.9M52%
Lumbar And Massage Comfort Solutions$58.5M15%
Climate Control Interiors$50.3M13%
Other Automotive$27.6M7%
Valve Systems$24.1M6%
Medical Segments$13.9M4%
Climate And Comfort Electronics$7.4M2%

TROX
TROX

Segment breakdown not available.

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