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Mdu Resources vs Titan America: revenue, profit, margins and growth compared

Mdu Resources brought in $1.9B of revenue in fiscal 2025, Titan America $1.7B in fiscal 2025. Revenue changed by +6.7% at Mdu Resources and +1.8% at Titan America on the year before, so Mdu Resources grew faster. Mdu Resources kept 10.2% of its revenue as net profit, Titan America 11.1%. Free cash flow was -$297M at Mdu Resources and $134.9M at Titan America.

Side by side, latest fiscal year

MDUTTAM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.9B$1.7B
Revenue growth+6.7%+1.8%
Net income$190.4M$185.4M
Net margin10.2%11.1%
Free cash flow-$297M$134.9M
Free cash flow margin-15.8%8.1%
Earnings per share (diluted)$0.93$1.01
Cash$28.2M$211.8M
Debt$2.7Bn/a
Price to earnings20.2n/a
Market value$3.9B$2.6B
Dividend yield2.88%n/a
Rank by revenue in sector#222 of 451 · Industrials#235 of 451 · Industrials

Over the years

Revenue
MDU FY2018: $4.5BMDU FY2019: $5.3BMDU FY2020: $5.5BMDU FY2021: $3.5BMDU FY2022: $1.8BMDU FY2023: $1.8BMDU FY2024: $1.8BMDU FY2025: $1.9BTTAM FY2022: $1.4BTTAM FY2024: $1.6BTTAM FY2024: $1.6BTTAM FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
MDU $1.9BTTAM $1.7B
Net income
MDU FY2018: $272.3MMDU FY2019: $335.5MMDU FY2020: $390.2MMDU FY2021: $378.1MMDU FY2022: $367.5MMDU FY2023: $414.7MMDU FY2024: $281.1MMDU FY2025: $190.4MTTAM FY2022: $62.7MTTAM FY2024: $155.2MTTAM FY2024: $166.1MTTAM FY2025: $185.4MFY18FY19FY20FY21FY22FY23FY24FY25
MDU $190.4MTTAM $185.4M
Net margin
MDU FY2018: 6.0%MDU FY2019: 6.3%MDU FY2020: 7.1%MDU FY2021: 10.9%MDU FY2022: 20.9%MDU FY2023: 23.0%MDU FY2024: 16.0%MDU FY2025: 10.2%TTAM FY2022: 4.6%TTAM FY2024: 9.8%TTAM FY2024: 10.2%TTAM FY2025: 11.1%FY18FY19FY20FY21FY22FY23FY24FY25
MDU 10.2%TTAM 11.1%
Revenue growth
MDU FY2019: +17.8%MDU FY2020: +3.7%MDU FY2021: -37.6%MDU FY2022: -49.2%MDU FY2023: +2.9%MDU FY2024: -2.6%MDU FY2025: +6.7%TTAM FY2024: +16.7%TTAM FY2024: +2.7%TTAM FY2025: +1.8%FY19FY20FY21FY22FY23FY24FY25
MDU +6.7%TTAM +1.8%
Free cash flow
MDU FY2018: -$68.3MMDU FY2019: -$33.8MMDU FY2020: $210.4MMDU FY2021: $10.6MMDU FY2022: $67.5MMDU FY2023: -$151.5MMDU FY2024: -$20.5MMDU FY2025: -$297MTTAM FY2022: $53MTTAM FY2024: $110MTTAM FY2024: $112.6MTTAM FY2025: $134.9MFY18FY19FY20FY21FY22FY23FY24FY25
MDU -$297MTTAM $134.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Mdu Resources and Titan America

Which is bigger by revenue, Mdu Resources or Titan America?

Mdu Resources is bigger by revenue: $1.9B in fiscal 2025, against $1.7B for Titan America in fiscal 2025.

Which keeps more of its revenue as profit, Mdu Resources or Titan America?

Mdu Resources had a net margin of 10.2% in fiscal 2025; Titan America had 11.1% in fiscal 2025.

Which grew revenue faster, Mdu Resources or Titan America?

In their latest fiscal years revenue changed by +6.7% at Mdu Resources and +1.8% at Titan America.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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