Titan America SA
TTAM Basic Materials Building Materials
Titan America SA’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, up 1.82% from fiscal 2024. In the quarter to June 2026, revenue grew 9.64%, EPS fell 17.9%, free cash flow fell 14.5% and total debt rose 22.4%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
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Titan America SA (TTAM) Piotroski F-score
Titan America SA's Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, down from 7 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 6 | (1.00) |
| FY2024 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 10.72% | 10.84% | Pass | 1 |
| Positive operating cash flow | 295.41m | 248.04m | Pass | 1 |
| Rising return on assets | 10.72% | 10.84% | Fail | 0 |
| Cash flow above net income | 109.98m | 81.96m | Pass | 1 |
| Falling long-term leverage | 0.26 | 0.27 | Pass | 1 |
| Rising current ratio | 3.03 | 1.61 | Pass | 1 |
| No new shares issued | 183,352,000 | 175,362,000 | Fail | 0 |
| Rising gross margin | 26.14% | 25.49% | Pass | 1 |
| Rising asset turnover | 0.96 | 1.07 | Fail | 0 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| CPAC Cementos Pacasmayo S.A.A. compare | 7 |
| TTAM Titan America SA | 6 |
| EXP Eagle Materials Inc compare | 5 |
| USLM United States Lime & Minerals, Inc. compare | 5 |
| LOMA Loma Negra Compania Industrial Argentina S.A. Sponsored ADR compare | 5 |
| TGLS Tecnoglass Holdings Inc. compare | 4 |
| JHX James Hardie Industries PLC. compare | 3 |
| KNF Knife River Corporation compare | 3 |
| RMIX Suncrete, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover