The Titanium Economy Index 2024 | The Titanium Economy

Titanium Cohort 2026

AMERICA’S TOP 20 SMALL & MID-SIZED INDUSTRIAL COMPANIES

ranked by a decade of financial and market performance.

The Titanium Cohort

delivered 6x returns

Over the last decade — twice that of the S&P 500.

Companies in the 2026 Cohort

Hecla carved out of box with Mining Company at the bottom

Hecla carved out of box with Mining Company at the bottom

The Titanium Cohort – 6x returns over the last decade – twice that of S&P 500

5 Year Performance Overview

The operational muscle behind the outperformance:

13.1%

10-Year  Revenue CAGR

vs. 6.3% S&P 500

784 bps

ROIC expansion

176 bps for the S&P 500

1,127 bps

EBITDA margin expansion

335 bps for the S&P 500

3.2x

EV/Sales multiple increase

2x for the S&P 500

These Top 20 Companies Follow a Five-Part Playbook

1.

Reshape the Portfolio toward Higher-value Markets

2.

Build the Recurring Revenue Engine

3.

Acquire Programmatically, Integrate with Discipline

4.

Out-innovate Inside the Niche

5.

Convert Growth into Cash and Redeploy It

This material is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Neither these written materials, nor any accompanying oral presentation, or the two combined, should in any way be interpreted as investment advice. Any person in receipt of these materials should consult the same professionals before acting on any of the commentary presented herein, as this presentation is not a substitute for investment advice. Past performance is not indicative of future results.