Titan America Financials

TTAM

Source SEC Filings (10-K/10-Q) Updated Mar 24, 2026 Currency USD FYE March

This page shows Titan America (TTAM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 58/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Titan America's revenue grew a modest 1.8% year-over-year to $1.7B. This slow but positive growth earns a score of 36/100.

Leverage

100

Titan America carries a low D/E ratio of 0.05, meaning only $0.05 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Titan America's current ratio of 3.03 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Titan America has a free cash flow margin of 8.1%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Titan America's ROE of 17.9% shows moderate profitability relative to equity, earning a score of 51/100. This is down from 22.1% the prior year.

Piotroski F-Score Neutral

5/9

Titan America passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.59x

For every $1 of reported earnings, Titan America generates $1.59 in operating cash flow ($295.4M OCF vs $185.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.7B

YoY+1.8%

Titan America generated $1.7B in revenue in fiscal year 2025. This represents an increase of 1.8% from the prior year.

EBITDA

N/A

Net Income

$185.4M

YoY+11.7%

Titan America reported $185.4M in net income in fiscal year 2025. This represents an increase of 11.7% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$134.9M

YoY+19.8%

Titan America generated $134.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 19.8% from the prior year.

Cash & Debt

$211.8M

YoY+1646.5%

Titan America held $211.8M in cash against $55.4M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

184M

Titan America had 184M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

11.1%

YoY+1.0pp

Titan America's net profit margin was 11.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.

Return on Equity

17.9%

YoY-4.2pp

Titan America's ROE was 17.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$160.5M

YoY+18.6%

Titan America invested $160.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 18.6% from the prior year.

TTAM Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	$1.7B+1.8%	$1.6B+2.7%	$1.6B+16.7%	$1.4B
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A
Interest Expense	$4.0M+6.5%	$3.8M+24.6%	$3.0M+49.5%	$2.0M
Income Tax	$59.4M+3.2%	$57.5M+22.1%	$47.1M+177.7%	$17.0M
Net Income	$185.4M+11.7%	$166.1M+7.0%	$155.2M+147.5%	$62.7M
EPS (Diluted)	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24
Revenue	N/A	N/A
Cost of Revenue	N/A	N/A
Gross Profit	N/A	N/A
R&D Expenses	N/A	N/A
SG&A Expenses	N/A	N/A
Operating Income	N/A	N/A
Interest Expense	N/A	N/A
Income Tax	N/A	N/A
Net Income	N/A	N/A
EPS (Diluted)	N/A	N/A

TTAM Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$1.9B+20.9%	$1.6B+4.5%	$1.5B	N/A
Current Assets	$610.0M+58.7%	$384.3M+3.0%	$372.9M	N/A
Cash & Equivalents	$211.8M+1646.5%	$12.1M-45.0%	$22.0M-26.2%	$29.8M
Inventory	$226.4M-0.5%	$227.6M+19.8%	$190.0M	N/A
Accounts Receivable	N/A	N/A	N/A	N/A
Goodwill	$221.6M0.0%	$221.6M0.0%	$221.6M	N/A
Total Liabilities	$859.8M+5.3%	$816.2M+4.8%	$779.0M	N/A
Current Liabilities	$201.2M-15.8%	$239.0M-51.4%	$492.0M	N/A
Long-Term Debt	$55.4M-1.0%	$56.0M+4.1%	$53.7M	N/A
Total Equity	$1.0B+37.9%	$750.0M+4.2%	$719.8M+21.4%	$592.7M
Retained Earnings	$777.7M+30.2%	$597.3M+15.2%	$518.6M	N/A

Metric	Q3'25	Q3'24
Total Assets	$1.6B+4.5%	$1.5B
Current Assets	$384.3M+3.0%	$372.9M
Cash & Equivalents	$12.1M-45.0%	$22.0M
Inventory	$227.6M+19.8%	$190.0M
Accounts Receivable	N/A	N/A
Goodwill	$221.6M0.0%	$221.6M
Total Liabilities	$816.2M+4.8%	$779.0M
Current Liabilities	$239.0M-51.4%	$492.0M
Long-Term Debt	$56.0M+4.1%	$53.7M
Total Equity	$750.0M+4.2%	$719.8M
Retained Earnings	$597.3M+15.2%	$518.6M

TTAM Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	$295.4M+19.1%	$248.0M+9.2%	$227.1M+27.3%	$178.4M
Capital Expenditures	$160.5M+18.6%	$135.4M+15.6%	$117.1M-6.6%	$125.4M
Free Cash Flow	$134.9M+19.8%	$112.6M+2.4%	$110.0M+107.5%	$53.0M
Investing Cash Flow	-$152.2M-12.1%	-$135.8M-15.4%	-$117.7M+7.6%	-$127.3M
Financing Cash Flow	$56.4M+145.7%	-$123.3M-4.7%	-$117.8M-443.7%	-$21.7M
Dividends Paid	$85.1M0.0%	$85.1M+151.8%	$33.8M	$0
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24
Operating Cash Flow	N/A	N/A
Capital Expenditures	N/A	N/A
Free Cash Flow	N/A	N/A
Investing Cash Flow	N/A	N/A
Financing Cash Flow	N/A	N/A
Dividends Paid	N/A	N/A
Share Buybacks	N/A	N/A

TTAM Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	11.1%+1.0pp	10.2%+0.4pp	9.8%+5.2pp	4.6%
Return on Equity	17.9%-4.2pp	22.1%+0.6pp	21.6%+11.0pp	10.6%
Return on Assets	9.8%-0.8pp	10.6%+0.2pp	10.4%	N/A
Current Ratio	3.03+1.4	1.61+0.8	0.76	N/A
Debt-to-Equity	0.05-0.0	0.070.0	0.07	N/A
FCF Margin	8.1%+1.2pp	6.9%-0.0pp	6.9%+3.0pp	3.9%

Metric	Q3'25	Q3'24
Gross Margin	N/A	N/A
Operating Margin	N/A	N/A
Net Margin	N/A	N/A
Return on Equity	N/A	N/A
Return on Assets	N/A	N/A
Current Ratio	1.61+0.8	0.76
Debt-to-Equity	0.070.0	0.07
FCF Margin	N/A	N/A

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Frequently Asked Questions

What is Titan America's annual revenue?

Titan America (TTAM) reported $1.7B in total revenue for fiscal year 2025. This represents a 1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Titan America's revenue growing?

Titan America (TTAM) revenue grew by 1.8% year-over-year, from $1.6B to $1.7B in fiscal year 2025.

Is Titan America profitable?

Yes, Titan America (TTAM) reported a net income of $185.4M in fiscal year 2025, with a net profit margin of 11.1%.

How much debt does Titan America have?

As of fiscal year 2025, Titan America (TTAM) had $211.8M in cash and equivalents against $55.4M in long-term debt.

What is Titan America's net profit margin?

Titan America (TTAM) had a net profit margin of 11.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Titan America's return on equity (ROE)?

Titan America (TTAM) has a return on equity of 17.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Titan America's free cash flow?

Titan America (TTAM) generated $134.9M in free cash flow during fiscal year 2025. This represents a 19.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Titan America's operating cash flow?

Titan America (TTAM) generated $295.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Titan America's total assets?

Titan America (TTAM) had $1.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Titan America's capital expenditures?

Titan America (TTAM) invested $160.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Titan America have outstanding?

Titan America (TTAM) had 184M shares outstanding as of fiscal year 2025.

What is Titan America's current ratio?

Titan America (TTAM) had a current ratio of 3.03 as of fiscal year 2025, which is generally considered healthy.

What is Titan America's debt-to-equity ratio?

Titan America (TTAM) had a debt-to-equity ratio of 0.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Titan America's return on assets (ROA)?

Titan America (TTAM) had a return on assets of 9.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Titan America's Piotroski F-Score?

Titan America (TTAM) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Titan America's earnings high quality?

Titan America (TTAM) has an earnings quality ratio of 1.59x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Titan America?

Titan America (TTAM) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.