Titan America SA
TTAM · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · EDGAR filings ↗
Grade
B81Leading vertically integrated regional cement and building-materials producer with top-decile asset returns and strong cash generation.
Strengths
- ROA 9.8% (96th pct) and ROE 17.9% (85th pct); operating margin 16% (75th pct)
- FCF $135M (84th pct), interest coverage 11.9 (92nd pct), gross margin 26%
- Largest Florida cement plant and dense Mid-Atlantic footprint with local cost/logistics moats
Risks
- Cyclical, weather-sensitive residential/non-residential demand; revenue growth only 1.8% (31st pct)
- 87%-owned controlled company with parent conflict-of-interest and shared-services dependence
- Energy/freight cost exposure without long-term hedging
Notable findings
- Strong balance sheetStrong balance sheet — $212M cash & investments
Key metrics
Gross margin
26.1%
Operating margin
16.1%
Net margin
11.1%
Return on equity
17.9%
Return on assets
9.8%
Revenue growth (QoQ)
1.8%
Net-income growth
11.7%
Interest coverage
11.9×
Current ratio
3.0×
Free cash flow
$135M
Tangible book value
$813M
Cash & investments
$212M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-24 | 2025-12-31 | 0002035304-26-000047 ↗ |
| 20-F | 2025-04-04 | 2024-12-31 | 0002035304-25-000006 ↗ |