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S&P/TSX SmallCap
Components

Top S&P/TSX SmallCap Companies by Market Cap and Stocks in 2025

This is the list of the largest public listed companies in the S&P/TSX SmallCap index ranked by market capitalization, together with links to their reference stock, sector and industry.

S&P/TSX SmallCap Chart & Analysis

Top S&P/TSX SmallCap Companies Ranking by Market Cap as of July 1, 2025

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Ranking Company Stock Market Cap (USD) Country Sector Industry
151 North American Construction Group Ltd. NOA wb_incandescent $484.9 M Canada Canadian Energy Canadian Oil & Gas Equipment & Services
152 Cogeco Inc. CGO wb_incandescent $479.1 M Canada Canadian Communication Services Canadian Telecom Services
153 Martinrea International Inc. MRE wb_incandescent $466.3 M Canada Canadian Consumer Discretionary Canadian Auto Parts
154 Timbercreek Financial Corp. TF wb_incandescent $463.4 M Canada Canadian Financials Canadian Mortgage Finance
155 Converge Technology Solutions Corp. CTS wb_incandescent $459.1 M

(Jan. 1, 2025)

 Canada Canadian Technology Canadian Information Technology Services
156 Computer Modelling Group Ltd. CMG wb_incandescent $456.7 M Canada Canadian Technology Canadian Software—Application
157 Black Diamond Group Limited BDI wb_incandescent $452.3 M Canada Canadian Industrials Canadian Rental & Leasing Services
158 Surge Energy Inc. SGY wb_incandescent $451.9 M Canada Canadian Energy Canadian Oil & Gas E&P
159 Neo Performance Materials Inc. NEO wb_incandescent $451.2 M Canada Canadian Basic Materials Canadian Specialty Chemicals
160 Vitalhub Corp VHI wb_incandescent $441.2 M Canada Canadian Healthcare Canadian Health Information Services
161 Vitalhub Corp VHI wb_incandescent $441.2 M Canada Canadian Healthcare Canadian Health Information Services
162 Knight Therapeutics Inc. GUD wb_incandescent $440.3 M Canada Canadian Healthcare Canadian Drug Manufacturers—Specialty & Generic
163 Pollard Banknote Limited PBL wb_incandescent $436.5 M Canada Canadian Consumer Discretionary Canadian Gambling
164 Calian Group Ltd. CGY wb_incandescent $429.8 M Canada Canadian Industrials Canadian Specialty Business Services
165 Tecsys Inc. TCS wb_incandescent $429.0 M Canada Canadian Technology Canadian Software—Application
166 Chorus Aviation Inc. CHR wb_incandescent $428.8 M Canada Canadian Industrials Canadian Airlines
167 Dexterra Group Inc. DXT wb_incandescent $421.5 M Canada Canadian Industrials Canadian Engineering & Construction
168 Automotive Properties Real Estate Investment Trust APR.UN wb_incandescent $414.7 M Canada Canadian Real Estate Canadian REIT—Specialty
169 Obsidian Energy Ltd. OBE wb_incandescent $409.9 M Canada Canadian Energy Canadian Oil & Gas E&P
170 Diversified Royalty Corp. DIV wb_incandescent $400.5 M Canada Canadian Industrials Canadian Conglomerates
171 Ur-Energy Inc. URE wb_incandescent $397.7 M United States US Energy US Uranium
172 Atrium Mortgage Investment Corporation AI wb_incandescent $389.1 M Canada Canadian Financials Canadian Mortgage Finance
173 Frontera Energy Corporation FEC wb_incandescent $382.4 M Canada Canadian Energy Canadian Oil & Gas E&P
174 Wajax Corporation WJX wb_incandescent $377.0 M Canada Canadian Industrials Canadian Industrial Distribution
175 AutoCanada Inc. ACQ wb_incandescent $376.3 M Canada Canadian Consumer Discretionary Canadian Auto & Truck Dealerships
176 Pizza Pizza Royalty Corp. PZA wb_incandescent $369.9 M Canada Canadian Consumer Discretionary Canadian Restaurants
177 Arizona Metals Corp AMC wb_incandescent $356.3 M

(Dec. 1, 2022)

 Canada Canadian Basic Materials Canadian Other Industrial Metals & Mining
178 Firm Capital Mortgage Investment Corporation FC wb_incandescent $332.0 M Canada Canadian Financials Canadian Mortgage Finance
179 Galiano Gold Inc. GAU wb_incandescent $331.3 M Canada Canadian Basic Materials Canadian Gold
180 Plaza Retail REIT PLZ.UN wb_incandescent $320.6 M Canada Canadian Real Estate Canadian REIT—Retail

Top S&P/TSX SmallCap Companies Ranking by Market Cap as of July 1, 2025

151. North American Construction Group Ltd.

Company Profile: North American Construction Group Ltd.
Market Cap (USD): $484.9 M
Stock: NOA wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Equipment & Services

152. Cogeco Inc.

Company Profile: Cogeco Inc.
Market Cap (USD): $479.1 M
Stock: CGO wb_incandescent
Country: Canada
Sector: Canadian Communication Services
Industry: Canadian Telecom Services

153. Martinrea International Inc.

Company Profile: Martinrea International Inc.
Market Cap (USD): $466.3 M
Stock: MRE wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Auto Parts

154. Timbercreek Financial Corp.

Company Profile: Timbercreek Financial Corp.
Market Cap (USD): $463.4 M
Stock: TF wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Mortgage Finance

155. Converge Technology Solutions Corp.

Company Profile: Converge Technology Solutions Corp.
Market Cap (USD): $459.1 M (Jan. 1, 2025)
Stock: CTS wb_incandescent
Country: Canada
Sector: Canadian Technology
Industry: Canadian Information Technology Services

156. Computer Modelling Group Ltd.

Company Profile: Computer Modelling Group Ltd.
Market Cap (USD): $456.7 M
Stock: CMG wb_incandescent
Country: Canada
Sector: Canadian Technology
Industry: Canadian Software—Application

157. Black Diamond Group Limited

Company Profile: Black Diamond Group Limited
Market Cap (USD): $452.3 M
Stock: BDI wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Rental & Leasing Services

158. Surge Energy Inc.

Company Profile: Surge Energy Inc.
Market Cap (USD): $451.9 M
Stock: SGY wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

159. Neo Performance Materials Inc.

Company Profile: Neo Performance Materials Inc.
Market Cap (USD): $451.2 M
Stock: NEO wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Specialty Chemicals

160. Vitalhub Corp

Company Profile: Vitalhub Corp
Market Cap (USD): $441.2 M
Stock: VHI wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Health Information Services

161. Vitalhub Corp

Company Profile: Vitalhub Corp
Market Cap (USD): $441.2 M
Stock: VHI wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Health Information Services

162. Knight Therapeutics Inc.

Company Profile: Knight Therapeutics Inc.
Market Cap (USD): $440.3 M
Stock: GUD wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Drug Manufacturers—Specialty & Generic

163. Pollard Banknote Limited

Company Profile: Pollard Banknote Limited
Market Cap (USD): $436.5 M
Stock: PBL wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Gambling

164. Calian Group Ltd.

Company Profile: Calian Group Ltd.
Market Cap (USD): $429.8 M
Stock: CGY wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Specialty Business Services

165. Tecsys Inc.

Company Profile: Tecsys Inc.
Market Cap (USD): $429.0 M
Stock: TCS wb_incandescent
Country: Canada
Sector: Canadian Technology
Industry: Canadian Software—Application

166. Chorus Aviation Inc.

Company Profile: Chorus Aviation Inc.
Market Cap (USD): $428.8 M
Stock: CHR wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Airlines

167. Dexterra Group Inc.

Company Profile: Dexterra Group Inc.
Market Cap (USD): $421.5 M
Stock: DXT wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Engineering & Construction

168. Automotive Properties Real Estate Investment Trust

Company Profile: Automotive Properties Real Estate Investment Trust
Market Cap (USD): $414.7 M
Stock: APR.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Specialty

169. Obsidian Energy Ltd.

Company Profile: Obsidian Energy Ltd.
Market Cap (USD): $409.9 M
Stock: OBE wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

170. Diversified Royalty Corp.

Company Profile: Diversified Royalty Corp.
Market Cap (USD): $400.5 M
Stock: DIV wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Conglomerates

171. Ur-Energy Inc.

Company Profile: Ur-Energy Inc.
Market Cap (USD): $397.7 M
Stock: URE wb_incandescent
Country: United States
Sector: US Energy
Industry: US Uranium

172. Atrium Mortgage Investment Corporation

Company Profile: Atrium Mortgage Investment Corporation
Market Cap (USD): $389.1 M
Stock: AI wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Mortgage Finance

173. Frontera Energy Corporation

Company Profile: Frontera Energy Corporation
Market Cap (USD): $382.4 M
Stock: FEC wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

174. Wajax Corporation

Company Profile: Wajax Corporation
Market Cap (USD): $377.0 M
Stock: WJX wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Industrial Distribution

175. AutoCanada Inc.

Company Profile: AutoCanada Inc.
Market Cap (USD): $376.3 M
Stock: ACQ wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Auto & Truck Dealerships

176. Pizza Pizza Royalty Corp.

Company Profile: Pizza Pizza Royalty Corp.
Market Cap (USD): $369.9 M
Stock: PZA wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Restaurants

177. Arizona Metals Corp

Company Profile: Arizona Metals Corp
Market Cap (USD): $356.3 M (Dec. 1, 2022)
Stock: AMC wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Industrial Metals & Mining

178. Firm Capital Mortgage Investment Corporation

Company Profile: Firm Capital Mortgage Investment Corporation
Market Cap (USD): $332.0 M
Stock: FC wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Mortgage Finance

179. Galiano Gold Inc.

Company Profile: Galiano Gold Inc.
Market Cap (USD): $331.3 M
Stock: GAU wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Gold

180. Plaza Retail REIT

Company Profile: Plaza Retail REIT
Market Cap (USD): $320.6 M
Stock: PLZ.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Retail

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