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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
181 VersaBank VBNK wb_incandescent $319.0 M

(Jan. 1, 2022)

 Canada Canadian Financials Canadian Banks—Regional
182 Boston Pizza Royalties Income Fund BPF.UN wb_incandescent $307.5 M Canada Canadian Consumer Discretionary Canadian Restaurants
183 Ensign Energy Services Inc. ESI wb_incandescent $306.0 M Canada Canadian Energy Canadian Oil & Gas Drilling
184 A&W Revenue Royalties Income Fund AW.UN wb_incandescent $305.3 M

(July 1, 2024)

 Canada Canadian Consumer Discretionary Canadian Restaurants
185 Total Energy Services Inc. TOT wb_incandescent $304.6 M Canada Canadian Energy Canadian Oil & Gas Equipment & Services
186 Real Matters Inc. REAL wb_incandescent $303.9 M Canada Canadian Technology Canadian Software—Application
187 Corby Spirit and Wine Limited CSW.A wb_incandescent $296.5 M Canada Canadian Consumer Staples Canadian Beverages—Wineries & Distilleries
188 NanoXplore, Inc. GRA wb_incandescent $294.5 M Canada Canadian Basic Materials Canadian Chemicals
189 Pro Real Estate Investment Trust PRV.UN wb_incandescent $284.8 M Canada Canadian Real Estate Canadian REIT—Diversified
190 PHX Energy Services Corp. PHX wb_incandescent $274.8 M Canada Canadian Energy Canadian Oil & Gas Drilling
191 Morguard Real Estate Investment Trust MRT.UN wb_incandescent $273.7 M Canada Canadian Real Estate Canadian REIT—Diversified
192 Amerigo Resources Ltd. ARG wb_incandescent $271.8 M Canada Canadian Basic Materials Canadian Copper
193 K-Bro Linen Inc. KBL wb_incandescent $269.1 M Canada Canadian Industrials Canadian Specialty Business Services
194 Richards Packaging Income Fund RPI.UN wb_incandescent $259.3 M Canada Canadian Consumer Discretionary Canadian Packaging & Containers
195 New Pacific Metals Corp. NUAG wb_incandescent $254.3 M Canada Canadian Basic Materials Canadian Other Precious Metals & Mining
196 Western Copper and Gold Corporation WRN wb_incandescent $252.1 M Canada Canadian Basic Materials Canadian Other Industrial Metals & Mining
197 Acadian Timber Corp. ADN wb_incandescent $238.5 M Canada Canadian Basic Materials Canadian Lumber & Wood Production
198 Medical Facilities Corporation DR wb_incandescent $237.1 M Canada Canadian Healthcare Canadian Medical Care Facilities
199 BTB Real Estate Investment Trust BTB.UN wb_incandescent $236.6 M Canada Canadian Real Estate Canadian REIT—Diversified
200 Kolibri Global Energy Inc. KEI wb_incandescent $234.2 M United States US Energy US Oil & Gas E&P
201 STEP Energy Services Ltd. STEP wb_incandescent $233.6 M Canada Canadian Energy Canadian Oil & Gas Equipment & Services
202 Calfrac Well Services Ltd. CFW wb_incandescent $225.4 M Canada Canadian Energy Canadian Oil & Gas Equipment & Services
203 Altius Renewable Royalties Corp. ARR wb_incandescent $203.5 M

(July 1, 2024)

 Canada Canadian Utilities Canadian Utilities—Renewable
204 Dream Office Real Estate Investment Trust D.UN wb_incandescent $198.7 M Canada Canadian Real Estate Canadian REIT—Office
205 Uranium Royalty Corp URC wb_incandescent $197.1 M

(July 1, 2023)

 Canada Canadian Energy Canadian Uranium
206 Exco Technologies Limited XTC wb_incandescent $195.3 M Canada Canadian Consumer Discretionary Canadian Auto Parts
207 Aimia Inc. AIM wb_incandescent $193.6 M Canada Canadian Industrials Canadian Specialty Business Services
208 Polaris Infrastructure Inc. PIF wb_incandescent $187.7 M Canada Canadian Utilities Canadian Utilities—Renewable
209 Organigram Holdings Inc. OGI wb_incandescent $187.4 M Canada Canadian Healthcare Canadian Drug Manufacturers—Specialty & Generic
210 InPlay Oil Corp. IPO wb_incandescent $187.0 M Canada Canadian Energy Canadian Oil & Gas E&P

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

181. VersaBank

Company Profile: VersaBank
Market Cap (USD): $319.0 M (Jan. 1, 2022)
Stock: VBNK wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Banks—Regional

182. Boston Pizza Royalties Income Fund

Company Profile: Boston Pizza Royalties Income Fund
Market Cap (USD): $307.5 M
Stock: BPF.UN wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Restaurants

183. Ensign Energy Services Inc.

Company Profile: Ensign Energy Services Inc.
Market Cap (USD): $306.0 M
Stock: ESI wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Drilling

184. A&W Revenue Royalties Income Fund

Company Profile: A&W Revenue Royalties Income Fund
Market Cap (USD): $305.3 M (July 1, 2024)
Stock: AW.UN wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Restaurants

185. Total Energy Services Inc.

Company Profile: Total Energy Services Inc.
Market Cap (USD): $304.6 M
Stock: TOT wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Equipment & Services

186. Real Matters Inc.

Company Profile: Real Matters Inc.
Market Cap (USD): $303.9 M
Stock: REAL wb_incandescent
Country: Canada
Sector: Canadian Technology
Industry: Canadian Software—Application

187. Corby Spirit and Wine Limited

Company Profile: Corby Spirit and Wine Limited
Market Cap (USD): $296.5 M
Stock: CSW.A wb_incandescent
Country: Canada
Sector: Canadian Consumer Staples
Industry: Canadian Beverages—Wineries & Distilleries

188. NanoXplore, Inc.

Company Profile: NanoXplore, Inc.
Market Cap (USD): $294.5 M
Stock: GRA wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Chemicals

189. Pro Real Estate Investment Trust

Company Profile: Pro Real Estate Investment Trust
Market Cap (USD): $284.8 M
Stock: PRV.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Diversified

190. PHX Energy Services Corp.

Company Profile: PHX Energy Services Corp.
Market Cap (USD): $274.8 M
Stock: PHX wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Drilling

191. Morguard Real Estate Investment Trust

Company Profile: Morguard Real Estate Investment Trust
Market Cap (USD): $273.7 M
Stock: MRT.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Diversified

192. Amerigo Resources Ltd.

Company Profile: Amerigo Resources Ltd.
Market Cap (USD): $271.8 M
Stock: ARG wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Copper

193. K-Bro Linen Inc.

Company Profile: K-Bro Linen Inc.
Market Cap (USD): $269.1 M
Stock: KBL wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Specialty Business Services

194. Richards Packaging Income Fund

Company Profile: Richards Packaging Income Fund
Market Cap (USD): $259.3 M
Stock: RPI.UN wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Packaging & Containers

195. New Pacific Metals Corp.

Company Profile: New Pacific Metals Corp.
Market Cap (USD): $254.3 M
Stock: NUAG wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Precious Metals & Mining

196. Western Copper and Gold Corporation

Company Profile: Western Copper and Gold Corporation
Market Cap (USD): $252.1 M
Stock: WRN wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Industrial Metals & Mining

197. Acadian Timber Corp.

Company Profile: Acadian Timber Corp.
Market Cap (USD): $238.5 M
Stock: ADN wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Lumber & Wood Production

198. Medical Facilities Corporation

Company Profile: Medical Facilities Corporation
Market Cap (USD): $237.1 M
Stock: DR wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Medical Care Facilities

199. BTB Real Estate Investment Trust

Company Profile: BTB Real Estate Investment Trust
Market Cap (USD): $236.6 M
Stock: BTB.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Diversified

200. Kolibri Global Energy Inc.

Company Profile: Kolibri Global Energy Inc.
Market Cap (USD): $234.2 M
Stock: KEI wb_incandescent
Country: United States
Sector: US Energy
Industry: US Oil & Gas E&P

201. STEP Energy Services Ltd.

Company Profile: STEP Energy Services Ltd.
Market Cap (USD): $233.6 M
Stock: STEP wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Equipment & Services

202. Calfrac Well Services Ltd.

Company Profile: Calfrac Well Services Ltd.
Market Cap (USD): $225.4 M
Stock: CFW wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Equipment & Services

203. 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

204. Dream Office Real Estate Investment Trust

Company Profile: Dream Office Real Estate Investment Trust
Market Cap (USD): $198.7 M
Stock: D.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Office

205. 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

206. Exco Technologies Limited

Company Profile: Exco Technologies Limited
Market Cap (USD): $195.3 M
Stock: XTC wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Auto Parts

207. Aimia Inc.

Company Profile: Aimia Inc.
Market Cap (USD): $193.6 M
Stock: AIM wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Specialty Business Services

208. Polaris Infrastructure Inc.

Company Profile: Polaris Infrastructure Inc.
Market Cap (USD): $187.7 M
Stock: PIF wb_incandescent
Country: Canada
Sector: Canadian Utilities
Industry: Canadian Utilities—Renewable

209. Organigram Holdings Inc.

Company Profile: Organigram Holdings Inc.
Market Cap (USD): $187.4 M
Stock: OGI wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Drug Manufacturers—Specialty & Generic

210. InPlay Oil Corp.

Company Profile: InPlay Oil Corp.
Market Cap (USD): $187.0 M
Stock: IPO wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

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