Smith Midland vs Titan America SA
Titan America SA is the larger business, with $1.66bn of revenue in fiscal 2025 against $93.4m for Smith Midland (17.8 times as much). Smith Midland grew faster (19.0% against 1.8%). Smith Midland kept more of each dollar of sales as profit: a net margin of 13.4% against 11.1%. Smith Midland carries less debt relative to equity (8.2% against 38.3%).
| Latest fiscal year | Smith MidlandSMID, 2025 | Titan America SATTAM, 2025 |
|---|---|---|
| Revenue | $93.4m | $1.66bn |
| Revenue growth | 19.0% | 1.8% |
| Net income | $12.5m | $185m |
| Operating margin | 18.2% | 16.1% |
| Net margin | 13.4% | 11.1% |
| Return on equity | 26.0% | 20.8% |
| Free cash flow | $5.0m | $135m |
| Cash | $11.9m | $212m |
| Total debt | $4.4m | $396m |
| Debt to equity | 8.2% | 38.3% |
| Dividend per share | — | — |
| Dividend yield | — | 0.0% |
| Share buybacks | — | $0 |
| Employees | 285 | — |
| Market value | $127m | $2.53bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 33 (Weak) | — |
| Insider trades, 12 months | 2 buys, 1 sales | 1 buys, 0 sales |