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Titan America S.A.

TTAM

Titan America S.A. • NYSE
$16.24 ▲ 0.68% (+0.11)
Market Cap $2.99 B
52w High $17.78
52w Low $10.80
Dividend Yield 0.12%
P/E 16.74
Volume 135.48K
Outstanding Shares 184.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $436.849M ▲ $41.02M ▼ $57.423M ▲ 13.145% ▲ $0.31 ▲ $111.856M ▲
Q2-2025 $429.239M ▲ $43.035M ▲ $51.132M ▲ 11.912% ▲ $0.28 ▲ $100.172M ▲
Q1-2025 $392.438M ▲ $39.655M ▼ $33.373M ▼ 8.504% ▼ $0.19 ▼ $75.826M ▼
Q4-2024 $389.815M ▼ $45.571M ▲ $36.528M ▲ 9.371% ▲ $0.21 ▲ $87.406M ▲
Q1-2024 $400.091M $34.785M $29.533M 7.382% $0.16 $66.718M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $195.64M ▲ $1.851B ▲ $856.795M ▲ $994.605M ▲
Q2-2025 $148.912M ▲ $1.792B ▲ $847.607M ▲ $944.03M ▲
Q1-2025 $143.246M ▲ $1.724B ▲ $807.727M ▼ $916.444M ▲
Q4-2024 $12.124M ▼ $1.566B ▲ $816.238M ▲ $750.014M ▼
Q3-2024 $12.149M $1.548B $784.854M $762.662M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $57.423M ▲ $106.733M ▲ $-36.785M ▲ $-23.078M ▼ $46.87M ▲ $68.49M ▲
Q2-2025 $51.132M ▲ $70.982M ▲ $-52.459M ▼ $-7.727M ▼ $5.524M ▼ $18.998M ▲
Q1-2025 $44.812M ▼ $35.193M ▼ $-26.278M ▼ $122.207M ▲ $131.122M ▲ $2.637M ▼
Q4-2024 $50.173M ▲ $50.894M ▲ $-23.682M ▲ $-26.112M ▼ $-25K ▲ $27.428M ▲
Q1-2024 $39.149M $41.487M $-34.975M $-11.704M $-5.261M $13.704M

Five-Year Company Overview

Income Statement

Income Statement Titan America shows a clear pattern of steady growth and improving profitability over the last few years. Sales have increased each year, and profit margins have widened, meaning the company is keeping more of each dollar it earns. Operating profit and EBITDA have grown faster than revenue, suggesting better cost control, higher pricing power, or a richer product mix. Net income has climbed consistently, pointing to a business that is not only growing but doing so more efficiently. The main risk is that this performance is closely tied to construction activity and infrastructure spending, which can be cyclical.

Balance Sheet

Balance Sheet The balance sheet looks generally solid, with total assets and shareholder equity moving steadily higher, which signals gradual strengthening of the company’s financial base. Debt levels are meaningful but not out of line for a capital-intensive materials business, and leverage has not ballooned as the company has grown. One point to watch is that cash on hand is quite low and has trended down, which makes Titan America more reliant on ongoing cash generation and credit lines to manage shocks. Overall, it looks like a reasonably balanced capital structure, but with limited cash cushion.

Cash Flow

Cash Flow Titan America is generating healthy and rising cash flow from its operations, which is a key strength. Free cash flow has been consistently positive, even after fairly heavy investment in plants, equipment, and technology. Capital spending is sizable, reflecting the cost of running and upgrading cement and concrete assets, but the business has so far been able to fund this internally. The trade-off is that after these investments, there is not an abundance of excess cash, so flexibility depends on keeping operations running smoothly and demand remaining resilient.

Competitive Edge

Competitive Edge The company appears to have a strong competitive position in its chosen markets. Its vertically integrated model—spanning cement, aggregates, ready-mix concrete, and logistics—gives it cost advantages and better control over quality and supply. Its footprint in high-growth regions along the U.S. East Coast ties it to areas with ongoing infrastructure and construction needs. A sophisticated logistics network and large production hubs make it harder for smaller, less integrated rivals to match its reliability and cost structure. At the same time, the industry remains cyclical and fragmented, so competition and pricing pressure are never far away.

Innovation and R&D

Innovation and R&D Innovation and sustainability are clear differentiators for Titan America. The company has gone deep into digitalization and AI in its plants, using advanced monitoring and predictive tools to improve reliability, lower energy use, and stabilize quality. It is an early mover in low-carbon cements and greener concrete, with recognized products and industry awards that support its environmental credentials. Its fly-ash reclamation and circular-economy initiatives add another unique angle, turning waste into valuable inputs. The opportunity is to translate these innovations into durable pricing power and customer loyalty; the risk is ongoing capital and R&D needs in a sector that can face pricing volatility.

Summary

Overall, Titan America looks like a growing, profitable construction materials company with a modern, sustainability-focused twist. Financial performance has improved steadily, the balance sheet is reasonably sound for a heavy industrial player, and cash generation supports ongoing investment. Its integrated footprint, logistics strengths, and low‑carbon product portfolio give it a differentiated position in an otherwise mature, cyclical industry. Future outcomes will depend on how well it manages economic cycles, continues to execute on digital and green technologies, and potentially uses consolidation or expansion to deepen its presence in key U.S. regions.

NEWS

November 5, 2025 · 4:15 PM UTC

Titan America Announces Third Quarter 2025 Results

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October 29, 2025 · 4:15 PM UTC

Titan America Declares Fourth-Quarter 2025 Distribution of Issue Premium Payment

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October 22, 2025 · 4:15 PM UTC

Titan America to Announce Q3 2025 Financial Results on November 5

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October 8, 2025 · 4:15 PM UTC

Titan America Earns Key Miami-Dade Approvals, Accelerating Expansion into Precast Lintel Market

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