Smart Sand vs Titan America SA
Titan America SA is the larger business, with $1.66bn of revenue in fiscal 2025 against $330m for Smart Sand (5.0 times as much). Smart Sand grew faster (6.0% against 1.8%). Titan America SA kept more of each dollar of sales as profit: a net margin of 11.1% against 0.4%. Smart Sand carries less debt relative to equity (6.3% against 38.3%).
| Latest fiscal year | Smart SandSND, 2025 | Titan America SATTAM, 2025 |
|---|---|---|
| Revenue | $330m | $1.66bn |
| Revenue growth | 6.0% | 1.8% |
| Net income | $1.3m | $185m |
| Operating margin | -1.4% | 16.1% |
| Net margin | 0.4% | 11.1% |
| Return on equity | 0.6% | 20.8% |
| Free cash flow | $32.5m | $135m |
| Cash | $22.6m | $212m |
| Total debt | $15.0m | $396m |
| Debt to equity | 6.3% | 38.3% |
| Dividend per share | $0.15 | — |
| Dividend yield | 5.6% | 0.0% |
| Share buybacks | $628,000 | $0 |
| Employees | 318 | — |
| Market value | $183m | $2.53bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 31 (Weak) | — |
| Insider trades, 12 months | 3 buys, 15 sales | 1 buys, 0 sales |