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← CockpitCompetitor Analysis › TTAM Titan America SAOpen in the cockpit ↗

Titan America SATTAMCompetitor analysis, valuation and peers

United States · USD·Materials›Construction Materials

Cement, aggregates and ready-mix producer in the eastern US and Caribbean, the US arm of Greece's Titan Cement Group.

Momentum laggard 15
Mkt cap
$2.08B
US dollars, full cap
Free float
13%
of shares outstanding
$/day
$4.44M
20-day average traded
Fwd P/E
10.5×
forward earnings
ROIC−WACC
+3.9 pp
WACC 9.1%
Hurdle
-6 pp
Req g minus delivered
Next earnings
145 days
31 Mar 2027
Close · USD$11.26
1D-3.6%
1W-18.8%
1M-14.1%
3M-28.8%
6M-31.8%
YTD-31.7%
1Y-24.4%
ATR %5.6%
Beta1.84
52w lowhigh42.5% off high

What Titan America does

Cement, aggregates and ready-mix producer in the eastern US and Caribbean, the US arm of Greece's Titan Cement Group.

Part of its cement goes into its own ready-mix, with the rest sold to outside concrete makers and contractors, and aggregates are sold alongside, so the three lines serve the same construction customers. It listed on the NYSE in 2025, with Titan Cement International, its Greek-Belgian parent, keeping control.

Products and services

  • Cement
  • Ready-mix concrete
  • Aggregates

Customers

  • Commercial/residential contractors
  • State DOTs
  • Concrete producers

Where it sits in the supply chain

  • Construction materials
  • Cement production
  • Ready-mix concrete and aggregates

What could go right

  • Southeast US population and construction growth
  • Infrastructure spending

What could go wrong

  • Housing/construction cycle
  • Parent-group concentration

Moat: narrow (scale, distribution). Coastal cement plants and a terminal network give an import/logistics cost edge in the US Southeast.

Headquarters: Norfolk, Virginia, US · Employees: 2,554

Named competitors

Titan America at a glance

Size Titan America (TTAM) is a United States Materials company (Construction Materials) with a market value of $2.08B, the 1767th largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.26 on 6 Nov 2026.

Performance Over six months the shares fell 31.8%, against -19.7% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 20 in its peer set.

Growth Revenue grew 5.5% over the last twelve months (peer median -0.9%); the operating margin is 15.3% (peer median 8.6%).

Valuation It trades at 10.5× forward earnings against a peer median of 13.6× (5th cheapest of 18).

Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -6 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 3.9 points above its cost of capital (9.1% WACC).

Short interest Short interest is 1.7% of the free float (15 Oct 2026).

Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 81TTAM 68
Six months, rebased to 100: Titan America against the median of its 20 peers (local-currency closes).

Titan America financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.71B$1.66B$1.63B$1.59B$1.36B
Revenue growth—+2%+3%+17%—
Gross profit$436M$427M$408M$355M$215M
EBITDA$378M$380M$350M$318M$189M
Net income$177M$185M$166M$155M$62.7M
Free cash flow$144M$117M$88.4M$87.1M$32.5M
Capital expenditure$171M$164M$137M$119M$128M
Total debt$574M$462M$460M$409M$462M

Quarterly statements and history in the cockpit →

Titan America competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-10%0%+10%+20%002192000935SRC0006722009NK600720BREECEM60051633235233605318000401KNF002233VCT2233USLMTTAM6-month return →1-month return →
Up and to the right = strong over both horizons. Titan America is the large dot.

Fundamentals: revenue growth against valuation

-20%-10%0%+10%+20%0×2,000×000935SRC000672NK600720BREECMOCEM600516605318TTAMRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Titan America is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%002192SRC0006722009NKBREECEM33235233000401002233VCTUSLMTTAMGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Titan America is the large dot.

Titan America competitors and peer comparison

Head to head with its named competitors (TTAM vs CX vs VMC vs MLM)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Titan America TTAM$2.08B-32%+5%15%10.5×1.0%
Cemex SAB de CV Sponsored ADR CX$16.6B-18%+10%13%11.2×4.4%
Vulcan Materials VMC$36.3B0%+2%21%29.5×18.7%
Martin Marietta Materials MLM$36.8B-12%+9%20%28.8×23.2%
Heidelberg Materials HEI.DE$34.3B-5%0%15%13.5×4.9%

How Titan America compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Titan America against its 20 peers (data as of 6 Nov 2026)
MeasureTTAMPeer medianRank in peer set
1-month return-14.1%+2.2%2nd lowest of 21
6-month return-31.8%-19.7%5th lowest of 20
Distance from 52-week high-42.5%-36.3%7th lowest of 21
Revenue growth (TTM)+5.5%-0.9%6th highest of 21
Operating margin15.3%8.6%3rd highest of 20
Forward P/E10.5×13.6×5th cheapest of 18
Growth the price implies (Req g, 7 yrs)1.0%8.1%4th least demanding of 15
Growth delivered (Del g)+6.9%+3.4%6th highest of 15
Hurdle (Req g minus delivered)-5.8 pp-2.3 pp5th least demanding of 15
ROIC minus cost of capital+3.9 pp-2.9 pp3rd highest of 20
EV / EBITDA6.8×7.7×4th cheapest of 12
Net debt / EBITDA1.3×2.6×3rd least indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Titan America TTAMUnited States$2.08B-32%+5%15%10.5×1.0%+6.9%
YOUNGY 002192.SZChina$2.03B-52%+315%60%n/a4.9%+16.8%
Sichuan Hexie Shuangma 000935.SZChina$1.98B-35%-14%15%13.8×n/an/a
SigmaRoc SRC.LUnited Kingdom$1.95B+14%+4%15%12.1×12.4%+52.8%
Gansu Shangfeng Materials 000672.SZChina$1.88B-6%-23%7%4.5×10.2%-6.1%
BBMG 2009.HKHong Kong$1.87B-20%-22%-4%n/a42.3%-4.0%
Imerys NK.PAFrance$2.41B+11%-2%6%15.4×7.4%-2.3%
CCCC Design And Consulting 600720.SSChina$1.73B-24%-10%12%9.7×n/an/a
Breedon BREE.LUnited Kingdom$1.60B+17%+8%7%12.2×10.1%+13.0%
Cementos Molins CMO.MCSpain$2.70Bn/a+14%12%13.6×8.9%+12.5%
Cementir CEM.MIItaly$2.70B+5%-2%13%12.8×4.3%+6.0%
FangDa Carbon New Material 600516.SSChina$2.74B-20%+17%-4%226.5×n/an/a
China National Building Material 3323.HKHong Kong$2.76B-51%0%2%25.2×25.1%-7.7%
Taiheiyo Cement 5233.TJapan$3.03B+19%+1%8%7.7×0.8%+0.8%
Fsilon Furnishing and Construction Materials 605318.SSChina$1.36B-29%-15%-5%3,613.5×n/an/a
BBMG Jidong Cement 000401.SZChina$1.35B-21%-8%n/an/a37.1%-7.0%
Knife River KNFUnited States$3.20B-38%+11%9%23.1×n/an/a
Guangdong Tapai 002233.SZChina$1.34B-10%-11%7%20.3×-15.3%-10.2%
Vicat VCT.PAFrance$3.29B+6%+5%11%10.2×0.2%+6.6%
West China Cement 2233.HKHong Kong$1.30B-29%-10%15%11.1×n/an/a
United States Lime & Minerals USLMUnited States$3.39B+7%+4%41%19.6×5.1%+18.3%

Questions

Who are Titan America's main competitors?
Named competitors: Cemex (CX), Vulcan Materials (VMC), Martin Marietta Materials (MLM), Summit Materials (private or unlisted), Heidelberg Materials (HEI.DE). The cockpit's measured peer set (industry) also includes YOUNGY (002192.SZ), Sichuan Hexie Shuangma (000935.SZ), SigmaRoc (SRC.L), Gansu Shangfeng Materials (000672.SZ), BBMG (2009.HK), Imerys (NK.PA).
Is Titan America expensive compared with its peers?
On forward p/e it trades at 10.5× against a peer median of 13.6×, 5th cheapest of 18 in its peer set. For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -6 pp: the price already allows for a slowdown.
How has Titan America stock performed?
Over six months to 6 Nov 2026 the shares returned -31.8% against -19.7% for the median peer; over one year -24.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.