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Side-by-side financial comparison of Stellus Capital Investment Corp (SCM) and VALHI INC /DE/ (VHI), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
VALHI INC /DE/ is the larger business by last-quarter revenue ($494.5M vs $24.0M, roughly 20.6× Stellus Capital Investment Corp). Stellus Capital Investment Corp runs the higher net margin — 21.8% vs -10.8%, a 32.5% gap on every dollar of revenue. On growth, VALHI INC /DE/ posted the faster year-over-year revenue change (2.8% vs -1.5%). Over the past eight quarters, Stellus Capital Investment Corp's revenue compounded faster (-2.2% CAGR vs -3.5%).
System Capital Management or SCM is a major Ukrainian financial and industrial holding company established in 2000 in Donetsk, Ukraine. It is currently headquartered in Kyiv.
Valhi, Inc. is an American holding company operating through wholly and majority-owned subsidiaries in a number of different industries. It was founded in 1987 as a result of the merger of the LLC Corporation and Amalgamated Sugar Company. The Contran Corporation owned 93% of Valhi's common stock as of December 2014. The chairman of the company was Harold Simmons until his death in 2013. As of 2014 it was a Fortune 1000 company.
SCM vs VHI — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $24.0M | $494.5M |
| Net Profit | $5.2M | $-53.2M |
| Gross Margin | — | 6.9% |
| Operating Margin | — | -6.2% |
| Net Margin | 21.8% | -10.8% |
| Revenue YoY | -1.5% | 2.8% |
| Net Profit YoY | -40.0% | -333.3% |
| EPS (diluted) | $0.18 | $-1.86 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $24.0M | $494.5M | ||
| Q3 25 | $25.0M | $503.5M | ||
| Q2 25 | $24.7M | $540.4M | ||
| Q1 25 | $24.1M | $538.6M | ||
| Q4 24 | $24.3M | $480.9M | ||
| Q3 24 | $25.3M | $533.6M | ||
| Q2 24 | $25.2M | $559.7M | ||
| Q1 24 | $25.0M | $530.6M |
| Q4 25 | $5.2M | $-53.2M | ||
| Q3 25 | $6.7M | $-22.2M | ||
| Q2 25 | $10.1M | $900.0K | ||
| Q1 25 | $5.0M | $16.9M | ||
| Q4 24 | $8.7M | $22.8M | ||
| Q3 24 | $15.5M | $57.5M | ||
| Q2 24 | $8.5M | $19.9M | ||
| Q1 24 | $13.1M | $7.8M |
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 14.5% | ||
| Q1 25 | — | 22.7% | ||
| Q4 24 | — | 20.9% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 21.7% | ||
| Q1 24 | — | 16.3% |
| Q4 25 | — | -6.2% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 9.8% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | 21.8% | -10.8% | ||
| Q3 25 | 26.8% | -4.4% | ||
| Q2 25 | 41.2% | 0.2% | ||
| Q1 25 | 20.7% | 3.1% | ||
| Q4 24 | 35.7% | 4.7% | ||
| Q3 24 | 61.0% | 10.8% | ||
| Q2 24 | 34.0% | 3.6% | ||
| Q1 24 | 52.5% | 1.5% |
| Q4 25 | $0.18 | $-1.86 | ||
| Q3 25 | $0.23 | $-0.78 | ||
| Q2 25 | $0.36 | $0.03 | ||
| Q1 25 | $0.18 | $0.59 | ||
| Q4 24 | $0.31 | $0.81 | ||
| Q3 24 | $0.59 | $2.01 | ||
| Q2 24 | $0.35 | $0.70 | ||
| Q1 24 | $0.54 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $25.1M | $216.9M |
| Total DebtLower is stronger | — | $590.9M |
| Stockholders' EquityBook value | $371.2M | $1.0B |
| Total Assets | $1.0B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $25.1M | $216.9M | ||
| Q3 25 | $9.0M | $186.6M | ||
| Q2 25 | $40.0M | $190.9M | ||
| Q1 25 | $10.9M | $196.4M | ||
| Q4 24 | $20.1M | $350.2M | ||
| Q3 24 | $38.6M | $316.7M | ||
| Q2 24 | $35.9M | $386.9M | ||
| Q1 24 | $48.8M | $372.7M |
| Q4 25 | — | $590.9M | ||
| Q3 25 | — | $661.5M | ||
| Q2 25 | — | $544.8M | ||
| Q1 25 | — | $525.9M | ||
| Q4 24 | — | $484.4M | ||
| Q3 24 | — | $526.6M | ||
| Q2 24 | — | $497.4M | ||
| Q1 24 | — | $511.2M |
| Q4 25 | $371.2M | $1.0B | ||
| Q3 25 | $377.7M | $1.0B | ||
| Q2 25 | $375.4M | $1.1B | ||
| Q1 25 | $372.8M | $1.1B | ||
| Q4 24 | $369.9M | $1.0B | ||
| Q3 24 | $366.3M | $1.0B | ||
| Q2 24 | $347.2M | $962.6M | ||
| Q1 24 | $323.4M | $928.2M |
| Q4 25 | $1.0B | $2.6B | ||
| Q3 25 | $1.0B | $2.7B | ||
| Q2 25 | $1.0B | $2.8B | ||
| Q1 25 | $1.0B | $2.8B | ||
| Q4 24 | $980.9M | $2.8B | ||
| Q3 24 | $957.1M | $2.8B | ||
| Q2 24 | $946.5M | $2.5B | ||
| Q1 24 | $935.2M | $2.6B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.63× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.55× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.0M | $100.6M |
| Free Cash FlowOCF − Capex | — | $89.8M |
| FCF MarginFCF / Revenue | — | 18.2% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 2.2% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.73× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-82.1M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $9.0M | $100.6M | ||
| Q3 25 | $-20.2M | $-1.9M | ||
| Q2 25 | $23.7M | $21.7M | ||
| Q1 25 | $-36.9M | $-155.9M | ||
| Q4 24 | $-31.8M | $45.8M | ||
| Q3 24 | $11.8M | $13.5M | ||
| Q2 24 | $-13.1M | $33.5M | ||
| Q1 24 | $4.5M | $-48.8M |
| Q4 25 | — | $89.8M | ||
| Q3 25 | — | $-12.3M | ||
| Q2 25 | — | $9.1M | ||
| Q1 25 | — | $-168.7M | ||
| Q4 24 | — | $33.3M | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $29.7M | ||
| Q1 24 | — | $-53.8M |
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | -31.3% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 5.3% | ||
| Q1 24 | — | -10.1% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 1.73× | — | ||
| Q3 25 | -3.02× | — | ||
| Q2 25 | 2.33× | 24.11× | ||
| Q1 25 | -7.39× | -9.22× | ||
| Q4 24 | -3.65× | 2.01× | ||
| Q3 24 | 0.76× | 0.23× | ||
| Q2 24 | -1.53× | 1.68× | ||
| Q1 24 | 0.34× | -6.26× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
SCM
Segment breakdown not available.
VHI
| Chemicals | $418.3M | 85% |
| Real Estate Management And Development | $38.5M | 8% |
| Security Products | $29.5M | 6% |
| Marine Components | $8.2M | 2% |
