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Stocks · Materials · Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Titan America SA

TTAM Clue Score77
Belgium Fiscal year ends December CIK 0002035304
$13.08 -0.23% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $13.08 −11.92% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 7 Feb 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue1,364.1Operating income97.0Net income62.7EPS, diluted0.36Fiscal year 2023Revenue1,591.6 +16.7%Operating income225.6Net income155.2 +147.5%EPS, diluted0.89 +147.2%Fiscal year 2024Revenue1,634.4 +2.7%Operating income251.4Net income166.1 +7.0%EPS, diluted0.95 +6.7%Fiscal year 2025Revenue1,664.2 +1.8%Operating income268.1Net income185.4 +11.7%EPS, diluted1.01 +6.3%
FY2022FY2023FY2024FY2025
Revenue 1,364.1 1,591.6 1,634.4 1,664.2
Growth +16.7% +2.7% +1.8%
Operating income 97.0 225.6 251.4 268.1
Net income 62.7 155.2 166.1 185.4
Growth +147.5% +7.0% +11.7%
EPS, diluted 0.36 0.89 0.95 1.01
Growth +147.2% +6.7% +6.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Gross margin16.2%Operating margin7.1%Net margin4.6%Free cash flow margin3.9%Fiscal year 2023Gross margin22.8%Operating margin14.2%Net margin9.8%Free cash flow margin6.9%Fiscal year 2024Gross margin25.5%Operating margin15.4%Net margin10.2%Free cash flow margin6.9%Fiscal year 2025Gross margin26.1%Operating margin16.1%Net margin11.1%Free cash flow margin8.1%
FY2022FY2023FY2024FY2025
Gross margin 16.2% 22.8% 25.5% 26.1%
Operating margin 7.1% 14.2% 15.4% 16.1%
Net margin 4.6% 9.8% 10.2% 11.1%
Free cash flow margin 3.9% 6.9% 6.9% 8.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow178.4Capital expenditure−125.4Free cash flow53.0Buybacks0.0Dividends paid0.0Fiscal year 2023Operating cash flow227.1Capital expenditure−117.1Free cash flow110.0 +107.5%Buybacks0.0Dividends paid−33.8Fiscal year 2024Operating cash flow248.0Capital expenditure−135.4Free cash flow112.6 +2.4%Buybacks−51.6Dividends paid−85.1Fiscal year 2025Operating cash flow295.4Capital expenditure−160.5Free cash flow134.9 +19.8%Buybacks0.0Dividends paid0.0
FY2022FY2023FY2024FY2025
Operating cash flow 178.4 227.1 248.0 295.4
Capital expenditure −125.4 −117.1 −135.4 −160.5
Free cash flow 53.0 110.0 112.6 134.9
Growth +107.5% +2.4% +19.8%
Buybacks 0.0 0.0 −51.6 0.0
Dividends paid 0.0 −33.8 −85.1 0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash29.8Shareholders’ equity592.7Fiscal year 2023Cash22.0Total debt343.9Net cash (debt)−321.9Shareholders’ equity719.8Debt to equity0.48Fiscal year 2024Cash12.1Total debt391.8Net cash (debt)−379.7Shareholders’ equity750.0Debt to equity0.52Fiscal year 2025Cash211.8Total debt395.8Net cash (debt)−184.1Shareholders’ equity1,034.1Debt to equity0.38
FY2022FY2023FY2024FY2025
Cash 29.8 22.0 12.1 211.8
Total debt n/a 343.9 391.8 395.8
Net cash (debt) n/a −321.9 −379.7 −184.1
Shareholders’ equity 592.7 719.8 750.0 1,034.1
Debt to equity n/a 0.48 0.52 0.38

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
178.4 227.1 248.0 295.4
Growth +27.3% +9.2% +19.1%
87.7 91.1 99.9 108.7
Investment
−125.4 −117.1 −135.4 −160.5
calc 53.0 110.0 112.6 134.9
Growth +107.5% +2.4% +19.8%
calc 0.30 0.63 0.64 0.74
−127.3 −117.7 −135.8 −152.2
Financing
−21.7 −117.8 −123.3 56.4
0.0 −33.8 −85.1 0.0
0.0 0.0 −51.6 0.0

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.