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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 Jan. 1, 2025

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Ranking Company Stock Market Cap (USD) Country Sector Industry
181 Firm Capital Mortgage Investment Corporation FC wb_incandescent $299.3 M Canada Canadian Financials Canadian Mortgage Finance
182 Pizza Pizza Royalty Corp. PZA wb_incandescent $292.2 M Canada Canadian Consumer Discretionary Canadian Restaurants
183 PHX Energy Services Corp. PHX wb_incandescent $287.8 M Canada Canadian Energy Canadian Oil & Gas Drilling
184 Plaza Retail REIT PLZ.UN wb_incandescent $280.7 M Canada Canadian Real Estate Canadian REIT—Retail
185 GoGold Resources Inc. GGD wb_incandescent $279.5 M Canada Canadian Basic Materials Canadian Other Precious Metals & Mining
186 NanoXplore, Inc. GRA wb_incandescent $268.1 M Canada Canadian Basic Materials Canadian Chemicals
187 New Pacific Metals Corp. NUAG wb_incandescent $267.1 M Canada Canadian Basic Materials Canadian Other Precious Metals & Mining
188 Kolibri Global Energy Inc. KEI wb_incandescent $260.9 M United States US Energy US Oil & Gas E&P
189 Boston Pizza Royalties Income Fund BPF.UN wb_incandescent $260.2 M Canada Canadian Consumer Discretionary Canadian Restaurants
190 K-Bro Linen Inc. KBL wb_incandescent $260.2 M Canada Canadian Industrials Canadian Specialty Business Services
191 STEP Energy Services Ltd. STEP wb_incandescent $257.7 M Canada Canadian Energy Canadian Oil & Gas Equipment & Services
192 Medical Facilities Corporation DR wb_incandescent $254.8 M Canada Canadian Healthcare Canadian Medical Care Facilities
193 Morguard Real Estate Investment Trust MRT.UN wb_incandescent $244.0 M Canada Canadian Real Estate Canadian REIT—Diversified
194 Corby Spirit and Wine Limited CSW.A wb_incandescent $243.0 M Canada Canadian Consumer Staples Canadian Beverages—Wineries & Distilleries
195 Pro Real Estate Investment Trust PRV.UN wb_incandescent $236.1 M Canada Canadian Real Estate Canadian REIT—Diversified
196 Neo Performance Materials Inc. NEO wb_incandescent $231.9 M Canada Canadian Basic Materials Canadian Specialty Chemicals
197 Calfrac Well Services Ltd. CFW wb_incandescent $229.1 M Canada Canadian Energy Canadian Oil & Gas Equipment & Services
198 Richards Packaging Income Fund RPI.UN wb_incandescent $228.5 M Canada Canadian Consumer Discretionary Canadian Packaging & Containers
199 Gran Tierra Energy Inc. GTE wb_incandescent $220.0 M Canada Canadian Energy Canadian Oil & Gas E&P
200 Acadian Timber Corp. ADN wb_incandescent $218.4 M Canada Canadian Basic Materials Canadian Lumber & Wood Production
201 Profound Medical Corp. PRN wb_incandescent $217.1 M Canada Canadian Healthcare Canadian Medical Devices
202 Exco Technologies Limited XTC wb_incandescent $214.9 M Canada Canadian Consumer Discretionary Canadian Auto Parts
203 Dream Office Real Estate Investment Trust D.UN wb_incandescent $212.2 M Canada Canadian Real Estate Canadian REIT—Office
204 BTB Real Estate Investment Trust BTB.UN wb_incandescent $206.7 M Canada Canadian Real Estate Canadian REIT—Diversified
205 Altius Renewable Royalties Corp. ARR wb_incandescent $203.5 M

(July 1, 2024)

Canada Canadian Utilities Canadian Utilities—Renewable
206 Western Copper and Gold Corporation WRN wb_incandescent $203.3 M Canada Canadian Basic Materials Canadian Other Industrial Metals & Mining
207 Pine Cliff Energy Ltd. PNE wb_incandescent $199.2 M Canada Canadian Energy Canadian Oil & Gas E&P
208 Uranium Royalty Corp URC wb_incandescent $197.1 M

(July 1, 2023)

Canada Canadian Energy Canadian Uranium
209 Polaris Infrastructure Inc. PIF wb_incandescent $191.5 M Canada Canadian Utilities Canadian Utilities—Renewable
210 Amerigo Resources Ltd. ARG wb_incandescent $185.3 M Canada Canadian Basic Materials Canadian Copper

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

181. Firm Capital Mortgage Investment Corporation

Company Profile: Firm Capital Mortgage Investment Corporation
Market Cap (USD): $299.3 M
Stock: FC wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Mortgage Finance

182. Pizza Pizza Royalty Corp.

Company Profile: Pizza Pizza Royalty Corp.
Market Cap (USD): $292.2 M
Stock: PZA wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Restaurants

183. PHX Energy Services Corp.

Company Profile: PHX Energy Services Corp.
Market Cap (USD): $287.8 M
Stock: PHX wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Drilling

184. Plaza Retail REIT

Company Profile: Plaza Retail REIT
Market Cap (USD): $280.7 M
Stock: PLZ.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Retail

185. GoGold Resources Inc.

Company Profile: GoGold Resources Inc.
Market Cap (USD): $279.5 M
Stock: GGD wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Precious Metals & Mining

186. NanoXplore, Inc.

Company Profile: NanoXplore, Inc.
Market Cap (USD): $268.1 M
Stock: GRA wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Chemicals

187. New Pacific Metals Corp.

Company Profile: New Pacific Metals Corp.
Market Cap (USD): $267.1 M
Stock: NUAG wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Precious Metals & Mining

188. Kolibri Global Energy Inc.

Company Profile: Kolibri Global Energy Inc.
Market Cap (USD): $260.9 M
Stock: KEI wb_incandescent
Country: United States
Sector: US Energy
Industry: US Oil & Gas E&P

189. Boston Pizza Royalties Income Fund

Company Profile: Boston Pizza Royalties Income Fund
Market Cap (USD): $260.2 M
Stock: BPF.UN wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Restaurants

190. K-Bro Linen Inc.

Company Profile: K-Bro Linen Inc.
Market Cap (USD): $260.2 M
Stock: KBL wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Specialty Business Services

191. STEP Energy Services Ltd.

Company Profile: STEP Energy Services Ltd.
Market Cap (USD): $257.7 M
Stock: STEP wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Equipment & Services

192. Medical Facilities Corporation

Company Profile: Medical Facilities Corporation
Market Cap (USD): $254.8 M
Stock: DR wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Medical Care Facilities

193. Morguard Real Estate Investment Trust

Company Profile: Morguard Real Estate Investment Trust
Market Cap (USD): $244.0 M
Stock: MRT.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Diversified

194. Corby Spirit and Wine Limited

Company Profile: Corby Spirit and Wine Limited
Market Cap (USD): $243.0 M
Stock: CSW.A wb_incandescent
Country: Canada
Sector: Canadian Consumer Staples
Industry: Canadian Beverages—Wineries & Distilleries

195. Pro Real Estate Investment Trust

Company Profile: Pro Real Estate Investment Trust
Market Cap (USD): $236.1 M
Stock: PRV.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Diversified

196. Neo Performance Materials Inc.

Company Profile: Neo Performance Materials Inc.
Market Cap (USD): $231.9 M
Stock: NEO wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Specialty Chemicals

197. Calfrac Well Services Ltd.

Company Profile: Calfrac Well Services Ltd.
Market Cap (USD): $229.1 M
Stock: CFW wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Equipment & Services

198. Richards Packaging Income Fund

Company Profile: Richards Packaging Income Fund
Market Cap (USD): $228.5 M
Stock: RPI.UN wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Packaging & Containers

199. Gran Tierra Energy Inc.

Company Profile: Gran Tierra Energy Inc.
Market Cap (USD): $220.0 M
Stock: GTE wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

200. Acadian Timber Corp.

Company Profile: Acadian Timber Corp.
Market Cap (USD): $218.4 M
Stock: ADN wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Lumber & Wood Production

201. Profound Medical Corp.

Company Profile: Profound Medical Corp.
Market Cap (USD): $217.1 M
Stock: PRN wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Medical Devices

202. Exco Technologies Limited

Company Profile: Exco Technologies Limited
Market Cap (USD): $214.9 M
Stock: XTC wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Auto Parts

203. Dream Office Real Estate Investment Trust

Company Profile: Dream Office Real Estate Investment Trust
Market Cap (USD): $212.2 M
Stock: D.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Office

204. BTB Real Estate Investment Trust

Company Profile: BTB Real Estate Investment Trust
Market Cap (USD): $206.7 M
Stock: BTB.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Diversified

205. Altius Renewable Royalties Corp.

Company Profile: Altius Renewable Royalties Corp.
Market Cap (USD): $203.5 M (July 1, 2024)
Stock: ARR wb_incandescent
Country: Canada
Sector: Canadian Utilities
Industry: Canadian Utilities—Renewable

206. Western Copper and Gold Corporation

Company Profile: Western Copper and Gold Corporation
Market Cap (USD): $203.3 M
Stock: WRN wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Industrial Metals & Mining

207. Pine Cliff Energy Ltd.

Company Profile: Pine Cliff Energy Ltd.
Market Cap (USD): $199.2 M
Stock: PNE wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

208. Uranium Royalty Corp

Company Profile: Uranium Royalty Corp
Market Cap (USD): $197.1 M (July 1, 2023)
Stock: URC wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Uranium

209. Polaris Infrastructure Inc.

Company Profile: Polaris Infrastructure Inc.
Market Cap (USD): $191.5 M
Stock: PIF wb_incandescent
Country: Canada
Sector: Canadian Utilities
Industry: Canadian Utilities—Renewable

210. Amerigo Resources Ltd.

Company Profile: Amerigo Resources Ltd.
Market Cap (USD): $185.3 M
Stock: ARG wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Copper