Titan Machinery Inc. (TITN) 10-Year Financial Performance & Capital Metrics

TITN • • Industrial / General

IndustrialsIndustrial DistributionEquipment & Machinery DistributionAgricultural & Construction Equipment Distributors

AboutTitan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers. Its agricultural equipment includes machinery and attachments for use in the production of food, fiber, feed grain, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties. The company's construction equipment comprises heavy construction machinery, light industrial machinery for commercial and residential construction, road and highway construction machinery, and energy and forestry operations equipment. It also sells maintenance and replacement parts. In addition, the company offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers. Further, it rents equipment; and provides ancillary equipment support services, such as equipment transportation, global positioning system signal subscriptions and other precision farming products, farm data management products, and CNH Industrial finance and insurance products. The company operates in Colorado, Iowa, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming, the United States; and Bulgaria, Germany, Romania, and Ukraine, Europe. Titan Machinery Inc. was founded in 1980 and is headquartered in West Fargo, North Dakota.Show more

Revenue $2.7B -2.0%
EBITDA $43M -78.7%
Net Income -$37M -133.3%
EPS (Diluted) -1.63 -133.1%
Gross Margin 14.64% -24.0%
EBITDA Margin 1.58% -78.3%
Operating Margin 0.15% -97.6%
Net Margin -1.37% -134.0%
ROE -5.8% -131.2%
ROIC 0.18% -98.1%
Debt/Equity 1.63 +0.4%
Interest Coverage 0.07 -99.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 15.7%
✓Trading at only 0.6x book value
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.58%

5Y15.67%

3Y16.43%

TTM-8.92%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-302.87%

EPS CAGR

10Y-

5Y-

3Y-

TTM-304.98%

ROCE

10Y Avg7.65%

5Y Avg13.79%

3Y Avg14.82%

Latest0.47%

Peer Comparison

Agricultural & Construction Equipment Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TITNTitan Machinery Inc.	386.78M	16.55	-10.15	-2.04%	-2.43%	-10.08%	4.77%	1.63

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	1.37B	1.21B	1.2B	1.26B	1.31B	1.41B	1.71B	2.21B	2.76B	2.7B
Revenue Growth %	-0.28%	-0.11%	-0.01%	0.05%	0.03%	0.08%	0.21%	0.29%	0.25%	-0.02%
Cost of Goods Sold+	1.16B	999.35M	987.64M	1.03B	1.05B	1.15B	1.38B	1.77B	2.23B	2.31B
COGS % of Revenue	0.85%	0.82%	0.82%	0.82%	0.81%	0.81%	0.81%	0.8%	0.81%	0.85%
Gross Profit+	205.91M	213.73M	215.3M	231.59M	250.82M	261.36M	332.72M	439.84M	531.35M	395.63M
Gross Margin %	0.15%	0.18%	0.18%	0.18%	0.19%	0.19%	0.19%	0.2%	0.19%	0.15%
Gross Profit Growth %	-0.33%	0.04%	0.01%	0.08%	0.08%	0.04%	0.27%	0.32%	0.21%	-0.26%
Operating Expenses+	220.52M	211.37M	203.2M	201.54M	225.72M	220.77M	241.04M	301.52M	362.51M	389.78M
OpEx % of Revenue	0.16%	0.17%	0.17%	0.16%	0.17%	0.16%	0.14%	0.14%	0.13%	0.14%
Selling, General & Admin	220.52M	211.37M	203.2M	201.54M	225.72M	217.78M	241.04M	285.62M	361.83M	0
SG&A % of Revenue	0.16%	0.17%	0.17%	0.16%	0.17%	0.15%	0.14%	0.13%	0.13%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	220.77M	0	301.52M	679K	389.78M
Operating Income+	-23.11M	-2.37M	925K	27.48M	21.33M	37.41M	90.18M	138.32M	168.84M	4.01M
Operating Margin %	-0.02%	-0%	0%	0.02%	0.02%	0.03%	0.05%	0.06%	0.06%	0%
Operating Income Growth %	-32.96%	0.9%	1.39%	28.71%	-0.22%	0.75%	1.41%	0.53%	0.22%	-0.98%
EBITDA+	5.43M	24.5M	26.03M	51.09M	61.63M	72.65M	122.2M	163.52M	200.32M	42.61M
EBITDA Margin %	0%	0.02%	0.02%	0.04%	0.05%	0.05%	0.07%	0.07%	0.07%	0.02%
EBITDA Growth %	-0.83%	3.51%	0.06%	0.96%	0.21%	0.18%	0.68%	0.34%	0.23%	-0.79%
D&A (Non-Cash Add-back)	28.54M	26.87M	25.11M	23.61M	40.3M	35.24M	32.02M	25.2M	31.48M	38.6M
EBIT	-25.19M	-848K	2.56M	30.05M	23.86M	37.94M	92.61M	138.32M	168.84M	4.01M
Net Interest Income+	-33.1M	-20.34M	-15.36M	-11.33M	-6.68M	-6.66M	-3.28M	-3.08M	-17.8M	-53.99M
Interest Income	0	1.52M	1.64M	2.55M	3.13M	527K	2.43M	3.86M	3.3M	0
Interest Expense	33.1M	21.86M	17M	13.87M	9.81M	7.18M	5.71M	6.94M	21.11M	53.99M
Other Income/Expense	-33.1M	-20.34M	-15.36M	-11.33M	-6.68M	-6.66M	-3.28M	-3.08M	-17.8M	-53.99M
Pretax Income+	-56.21M	-22.71M	-14.44M	16.15M	14.65M	30.75M	86.9M	135.24M	151.04M	-49.98M
Pretax Margin %	-0.04%	-0.02%	-0.01%	0.01%	0.01%	0.02%	0.05%	0.06%	0.05%	-0.02%
Income Tax+	-17.98M	-8.18M	-7.39M	3.97M	699K	11.4M	20.85M	33.37M	38.6M	-13.07M
Effective Tax Rate %	0.67%	0.62%	0.49%	0.75%	0.95%	0.63%	0.76%	0.75%	0.73%	0.74%
Net Income+	-37.89M	-14.18M	-7.05M	12.18M	13.95M	19.36M	66.05M	101.87M	110.92M	-36.91M
Net Margin %	-0.03%	-0.01%	-0.01%	0.01%	0.01%	0.01%	0.04%	0.05%	0.04%	-0.01%
Net Income Growth %	-0.18%	0.63%	0.5%	2.73%	0.15%	0.39%	2.41%	0.54%	0.09%	-1.33%
Net Income (Continuing)	-38.23M	-14.54M	-7.05M	12.18M	13.95M	19.36M	66.05M	101.87M	112.44M	-36.91M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	793K	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.75	-0.65	-0.33	0.56	0.63	0.86	2.92	4.49	4.93	-1.63
EPS Growth %	-0.17%	0.63%	0.49%	2.7%	0.13%	0.37%	2.4%	0.54%	0.1%	-1.33%
EPS (Basic)	-1.79	-0.67	-0.33	0.56	0.63	0.86	2.93	4.50	4.86	-1.63
Diluted Shares Outstanding	21.6M	21.84M	21.54M	21.82M	21.95M	22.1M	22.25M	22.38M	22.5M	22.61M
Basic Shares Outstanding	21.11M	21.29M	21.54M	21.81M	21.95M	22.1M	22.24M	22.37M	22.81M	22.61M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	858.25M	607.87M	599.15M	640.89M	727.55M	580.23M	690.33M	869.25M	1.52B	1.29B
Cash & Short-Term Investments	89.47M	53.15M	53.4M	56.74M	43.72M	78.99M	146.15M	43.91M	38.07M	35.9M
Cash Only	89.47M	53.15M	53.4M	56.74M	43.72M	78.99M	146.15M	43.91M	38.07M	35.9M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	56.55M	65.46M	60.67M	77.5M	72.78M	69.11M	94.29M	95.84M	134.26M	119.81M
Days Sales Outstanding	15.09	19.7	18.41	22.42	20.35	17.87	20.1	15.83	17.77	16.18
Inventory	689.46M	478.27M	472.47M	491.09M	597.39M	418.46M	421.76M	703.94M	1.3B	1.11B
Days Inventory Outstanding	216.58	174.68	174.61	174.04	206.81	132.83	111.62	145.21	213.55	175.45
Other Current Assets	13.14M	0	0	15.56M	13.65M	13.68M	28.14M	25.55M	19.4M	28.24M
Total Non-Current Assets+	189.63M	163.55M	161.16M	151.55M	247.8M	235.56M	256.34M	319.44M	473.25M	521.31M
Property, Plant & Equipment	183.18M	156.65M	151.05M	138.95M	233.84M	221.61M	234.39M	267.99M	353.47M	407.63M
Fixed Asset Turnover	7.47x	7.74x	7.96x	9.08x	5.58x	6.37x	7.30x	8.24x	7.80x	6.63x
Goodwill	0	0	250K	1.16M	2.33M	1.43M	8.95M	30.62M	64.11M	61.25M
Intangible Assets	5.13M	5M	5.19M	7.25M	8.37M	7.79M	10.62M	18.41M	53.36M	48.31M
Long-Term Investments	-11.13M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	1.32M	1.36M	1.45M	1.18M	1.11M	1.09M	1.04M	1.18M	1.78M	1.58M
Total Assets+	1.05B	771.42M	760.31M	792.44M	975.34M	815.79M	946.67M	1.19B	1.99B	1.81B
Asset Turnover	1.31x	1.57x	1.58x	1.59x	1.34x	1.73x	1.81x	1.86x	1.38x	1.49x
Asset Growth %	-0.22%	-0.26%	-0.01%	0.04%	0.23%	-0.16%	0.16%	0.26%	0.68%	-0.09%
Total Current Liabilities+	523.42M	308.83M	328.29M	420.45M	494.16M	317.5M	374.72M	498.15M	1.15B	960.96M
Accounts Payable	16.86M	17.33M	15.14M	16.61M	16.98M	20.05M	25.64M	40.83M	43.85M	37.17M
Days Payables Outstanding	5.3	6.33	5.59	5.89	5.88	6.36	6.79	8.42	7.19	5.88
Short-Term Debt	446.34M	234.6M	248.97M	322.35M	385.55M	166.43M	141.29M	265.61M	907.55M	766.62M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	16.82M	17.52M	16.41M	13.86M	16.92M	17.33M	20.63M	0	17.74M	19.43M
Current Ratio	1.64x	1.97x	1.83x	1.52x	1.47x	1.83x	1.84x	1.74x	1.32x	1.35x
Quick Ratio	0.32x	0.42x	0.39x	0.36x	0.26x	0.51x	0.72x	0.33x	0.19x	0.19x
Cash Conversion Cycle	226.38	188.05	187.42	190.58	221.28	144.34	124.93	152.62	224.13	185.75
Total Non-Current Liabilities+	186.1M	141.42M	110.16M	36.67M	136.08M	127.01M	136.75M	154.24M	182.22M	238.91M
Long-Term Debt	172.55M	126.74M	97.4M	25.81M	37.79M	44.91M	74.77M	89.95M	96.36M	157.77M
Capital Lease Obligations	0	0	0	22.95M	88.39M	73.57M	57.11M	48.51M	52.37M	70.48M
Deferred Tax Liabilities	11.13M	9.5M	2.27M	4.96M	2.06M	0	2.01M	9.56M	22.61M	8.82M
Other Non-Current Liabilities	2.41M	5.18M	10.49M	-17.04M	7.84M	8.54M	2.86M	6.21M	10.88M	1.84M
Total Liabilities	709.53M	450.24M	438.45M	457.13M	630.24M	444.51M	511.47M	652.39M	1.33B	1.2B
Total Debt+	618.89M	361.34M	346.36M	348.16M	523.99M	306.49M	290.24M	413.93M	1.07B	1B
Net Debt	529.43M	308.19M	292.97M	291.41M	480.26M	227.5M	144.09M	370.02M	1.03B	964.72M
Debt / Equity	1.83x	1.13x	1.08x	1.04x	1.52x	0.83x	0.67x	0.77x	1.62x	1.63x
Debt / EBITDA	114.02x	14.75x	13.31x	6.82x	8.50x	4.22x	2.38x	2.53x	5.33x	23.48x
Net Debt / EBITDA	97.54x	12.58x	11.25x	5.70x	7.79x	3.13x	1.18x	2.26x	5.14x	22.64x
Interest Coverage	-0.70x	-0.11x	0.05x	1.98x	2.18x	5.21x	15.79x	19.92x	8.00x	0.07x
Total Equity+	338.35M	321.18M	321.86M	335.31M	345.1M	371.28M	435.2M	536.31M	657.64M	614.08M
Equity Growth %	-0.11%	-0.05%	0%	0.04%	0.03%	0.08%	0.17%	0.23%	0.23%	-0.07%
Book Value per Share	15.66	14.71	14.94	15.37	15.72	16.80	19.56	23.96	29.23	27.16
Total Shareholders' Equity	337.56M	321.18M	321.86M	335.31M	345.1M	371.28M	435.2M	536.31M	657.64M	614.08M
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	99.53M	85.35M	77.05M	89.23M	97.72M	116.87M	182.92M	284.78M	397.23M	360.31M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-4.46M	-4.78M	-1.7M	-2.34M	-3.22M	1.5M	-2.17M	-5.02M	1.76M	-8.33M
Minority Interest	793K	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	231.88M	141M	95.81M	46.6M	955K	173M	158.92M	10.82M	-32.28M	70.29M
Operating CF Margin %	0.17%	0.12%	0.08%	0.04%	0%	0.12%	0.09%	0%	-0.01%	0.03%
Operating CF Growth %	4.65%	-0.39%	-0.32%	-0.51%	-0.98%	180.15%	-0.08%	-0.93%	-3.98%	3.18%
Net Income	-38.23M	-14.54M	-7.05M	12.18M	13.95M	19.36M	66.05M	101.87M	112.44M	-36.91M
Depreciation & Amortization	28.54M	26.87M	25.11M	23.61M	28.07M	23.7M	22.14M	25.2M	31.48M	38.6M
Stock-Based Compensation	2.1M	2.15M	3.44M	2.54M	2.69M	2.52M	2.55M	3.23M	3.3M	0
Deferred Taxes	-9.17M	-2.84M	-8.92M	2.51M	-1.66M	-3.54M	4.32M	7.64M	2.91M	0
Other Non-Cash Items	12.92M	5.67M	1.9M	6.2M	16.02M	13.52M	7.78M	9.13M	-26.66M	-73.63M
Working Capital Changes	235.72M	123.69M	81.34M	-426K	-58.11M	117.45M	56.08M	-136.24M	-155.75M	142.23M
Change in Receivables	24.33M	-1.89M	-1M	-13.47M	6.22M	4.47M	-37.04M	1.2M	-48.09M	28.8M
Change in Inventory	196.98M	211.79M	20.34M	5M	-99.47M	199.25M	5.8M	-180.93M	-476.39M	166.18M
Change in Payables	-14.32M	1.82M	8.45M	10.69M	-1.89M	36.2M	9.69M	-13.93M	0	0
Cash from Investing+	-126K	-9.13M	-24.59M	-25.83M	-36.47M	-20.3M	-55.2M	-134.06M	-163.37M	-47.75M
Capital Expenditures	-8.41M	-12.43M	-26.11M	-11.95M	-25.02M	-20.09M	-37.63M	-37.21M	-62.36M	-51.84M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.01%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	508K	3.3M	5.18M	1.42M	2.43M	6.58M	16.07M	3.62M	6.54M	4.36M
Cash from Financing+	-268.96M	-167.98M	-71.47M	-16.73M	22.87M	-117.94M	-35.34M	21.96M	188.58M	-23.62M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-44.68M	-2.21M	-38.59M	1.98M	-509K	-909K	-15.26M	21.18M	182.02M	-42.41M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	223.47M	128.57M	69.7M	34.65M	-24.06M	152.91M	121.29M	-26.39M	-94.64M	18.45M
FCF Margin %	0.16%	0.11%	0.06%	0.03%	-0.02%	0.11%	0.07%	-0.01%	-0.03%	0.01%
FCF Growth %	8.52%	-0.42%	-0.46%	-0.5%	-1.69%	7.35%	-0.21%	-1.22%	-2.59%	1.19%
FCF per Share	10.34	5.89	3.24	1.59	-1.10	6.92	5.45	-1.18	-4.21	0.82
FCF Conversion (FCF/Net Income)	-6.12x	-9.94x	-13.59x	3.83x	0.07x	8.94x	2.41x	0.11x	-0.29x	-1.90x
Interest Paid	25.84M	0	0	11.06M	9.69M	7.36M	5.4M	6.52M	0	48.29M
Taxes Paid	7.32M	0	0	3.68M	3.66M	2.79M	22.95M	26.57M	0	6.56M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-10.57%	-4.3%	-2.19%	3.71%	4.1%	5.4%	16.38%	20.97%	18.58%	-5.8%
Return on Invested Capital (ROIC)	-1.77%	-0.24%	0.11%	3.32%	2.2%	3.94%	11.48%	13.97%	9.77%	0.18%
Gross Margin	15.05%	17.62%	17.9%	18.36%	19.22%	18.52%	19.44%	19.91%	19.26%	14.64%
Net Margin	-2.77%	-1.17%	-0.59%	0.97%	1.07%	1.37%	3.86%	4.61%	4.02%	-1.37%
Debt / Equity	1.83x	1.13x	1.08x	1.04x	1.52x	0.83x	0.67x	0.77x	1.62x	1.63x
Interest Coverage	-0.70x	-0.11x	0.05x	1.98x	2.18x	5.21x	15.79x	19.92x	8.00x	0.07x
FCF Conversion	-6.12x	-9.94x	-13.59x	3.83x	0.07x	8.94x	2.41x	0.11x	-0.29x	-1.90x
Revenue Growth	-28.02%	-11.31%	-0.84%	4.87%	3.46%	8.13%	21.31%	29.06%	24.86%	-2.04%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Sales of Equipment	-	-	-	909.18M	917.2M	1.02B	1.29B	1.71B	2.15B	2.05B
Sales of Equipment Growth	-	-	-	-	0.88%	10.78%	27.13%	32.51%	25.34%	-4.43%
Sales of Parts	-	-	-	210.8M	234.22M	244.68M	266.92M	327.2M	410.84M	428.46M
Sales of Parts Growth	-	-	-	-	11.11%	4.47%	9.09%	22.58%	25.56%	4.29%
Service Sales	-	-	-	86.84M	99.17M	107.23M	115.64M	129.8M	157.31M	180.11M
Service Sales Growth	-	-	-	-	14.19%	8.13%	7.84%	12.25%	21.20%	14.49%
Other Revenue	-	-	-	6.76M	6.15M	5.82M	5.44M	6.86M	8.21M	43.26M
Other Revenue Growth	-	-	-	-	-9.12%	-5.38%	-6.55%	26.12%	19.81%	426.66%
Rental Revenue	-	-	-	47.93M	48.44M	37.43M	32.23M	33.89M	36.76M	35.67M
Rental Revenue Growth	-	-	-	-	1.07%	-22.73%	-13.89%	5.16%	8.46%	-2.95%
Agriculture	864.85M	739.17M	694.02M	-	-	-	-	-	-	-
Agriculture Growth	-	-14.53%	-6.11%	-	-	-	-	-	-	-
Construction	340.92M	323.63M	300.02M	-	-	-	-	-	-	-
Construction Growth	-	-5.07%	-7.29%	-	-	-	-	-	-	-
International	162.07M	150.29M	208.89M	-	-	-	-	-	-	-
International Growth	-	-7.27%	39.00%	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	-	-	-	-	-	-	-	-	2.4B	2.22B
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-7.50%
Other Geographies	-	-	-	-	-	-	-	-	-	261M
Other Geographies Growth	-	-	-	-	-	-	-	-	-	-
AUSTRALIA	-	-	-	-	-	-	-	-	-	221.12M
AUSTRALIA Growth	-	-	-	-	-	-	-	-	-	-
All Countries, Excluding United States	162.1M	150.3M	208.9M	232.7M	236.1M	219M	318M	299.1M	-	-
All Countries, Excluding United States Growth	-	-7.28%	38.99%	11.39%	1.46%	-7.24%	45.21%	-5.94%	-	-

Frequently Asked Questions

Growth & Financials

Titan Machinery Inc. (TITN) reported $2.55B in revenue for fiscal year 2025. This represents a 53% increase from $1.66B in 2012.

Titan Machinery Inc. (TITN) saw revenue decline by 2.0% over the past year.

Titan Machinery Inc. (TITN) reported a net loss of $61.8M for fiscal year 2025.

Dividend & Returns

Titan Machinery Inc. (TITN) has a return on equity (ROE) of -5.8%. Negative ROE indicates the company is unprofitable.

Titan Machinery Inc. (TITN) generated $170.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Titan Machinery Inc. (TITN) 10-Year Financial Performance & Capital Metrics

TITN • • Industrial / General

IndustrialsIndustrial DistributionEquipment & Machinery DistributionAgricultural & Construction Equipment Distributors

Revenue $2.7B -2.0%
EBITDA $43M -78.7%
Net Income -$37M -133.3%
EPS (Diluted) -1.63 -133.1%
Gross Margin 14.64% -24.0%
EBITDA Margin 1.58% -78.3%
Operating Margin 0.15% -97.6%
Net Margin -1.37% -134.0%
ROE -5.8% -131.2%
ROIC 0.18% -98.1%
Debt/Equity 1.63 +0.4%
Interest Coverage 0.07 -99.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 15.7%
✓Trading at only 0.6x book value
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y3.58%

5Y15.67%

3Y16.43%

TTM-8.92%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-302.87%

EPS CAGR

10Y-

5Y-

3Y-

TTM-304.98%

ROCE

10Y Avg7.65%

5Y Avg13.79%

3Y Avg14.82%

Latest0.47%

Peer Comparison

Agricultural & Construction Equipment Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TITNTitan Machinery Inc.	386.78M	16.55	-10.15	-2.04%	-2.43%	-10.08%	4.77%	1.63

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	1.37B	1.21B	1.2B	1.26B	1.31B	1.41B	1.71B	2.21B	2.76B	2.7B
Revenue Growth %	-0.28%	-0.11%	-0.01%	0.05%	0.03%	0.08%	0.21%	0.29%	0.25%	-0.02%
Cost of Goods Sold+	1.16B	999.35M	987.64M	1.03B	1.05B	1.15B	1.38B	1.77B	2.23B	2.31B
COGS % of Revenue	0.85%	0.82%	0.82%	0.82%	0.81%	0.81%	0.81%	0.8%	0.81%	0.85%
Gross Profit+	205.91M	213.73M	215.3M	231.59M	250.82M	261.36M	332.72M	439.84M	531.35M	395.63M
Gross Margin %	0.15%	0.18%	0.18%	0.18%	0.19%	0.19%	0.19%	0.2%	0.19%	0.15%
Gross Profit Growth %	-0.33%	0.04%	0.01%	0.08%	0.08%	0.04%	0.27%	0.32%	0.21%	-0.26%
Operating Expenses+	220.52M	211.37M	203.2M	201.54M	225.72M	220.77M	241.04M	301.52M	362.51M	389.78M
OpEx % of Revenue	0.16%	0.17%	0.17%	0.16%	0.17%	0.16%	0.14%	0.14%	0.13%	0.14%
Selling, General & Admin	220.52M	211.37M	203.2M	201.54M	225.72M	217.78M	241.04M	285.62M	361.83M	0
SG&A % of Revenue	0.16%	0.17%	0.17%	0.16%	0.17%	0.15%	0.14%	0.13%	0.13%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	220.77M	0	301.52M	679K	389.78M
Operating Income+	-23.11M	-2.37M	925K	27.48M	21.33M	37.41M	90.18M	138.32M	168.84M	4.01M
Operating Margin %	-0.02%	-0%	0%	0.02%	0.02%	0.03%	0.05%	0.06%	0.06%	0%
Operating Income Growth %	-32.96%	0.9%	1.39%	28.71%	-0.22%	0.75%	1.41%	0.53%	0.22%	-0.98%
EBITDA+	5.43M	24.5M	26.03M	51.09M	61.63M	72.65M	122.2M	163.52M	200.32M	42.61M
EBITDA Margin %	0%	0.02%	0.02%	0.04%	0.05%	0.05%	0.07%	0.07%	0.07%	0.02%
EBITDA Growth %	-0.83%	3.51%	0.06%	0.96%	0.21%	0.18%	0.68%	0.34%	0.23%	-0.79%
D&A (Non-Cash Add-back)	28.54M	26.87M	25.11M	23.61M	40.3M	35.24M	32.02M	25.2M	31.48M	38.6M
EBIT	-25.19M	-848K	2.56M	30.05M	23.86M	37.94M	92.61M	138.32M	168.84M	4.01M
Net Interest Income+	-33.1M	-20.34M	-15.36M	-11.33M	-6.68M	-6.66M	-3.28M	-3.08M	-17.8M	-53.99M
Interest Income	0	1.52M	1.64M	2.55M	3.13M	527K	2.43M	3.86M	3.3M	0
Interest Expense	33.1M	21.86M	17M	13.87M	9.81M	7.18M	5.71M	6.94M	21.11M	53.99M
Other Income/Expense	-33.1M	-20.34M	-15.36M	-11.33M	-6.68M	-6.66M	-3.28M	-3.08M	-17.8M	-53.99M
Pretax Income+	-56.21M	-22.71M	-14.44M	16.15M	14.65M	30.75M	86.9M	135.24M	151.04M	-49.98M
Pretax Margin %	-0.04%	-0.02%	-0.01%	0.01%	0.01%	0.02%	0.05%	0.06%	0.05%	-0.02%
Income Tax+	-17.98M	-8.18M	-7.39M	3.97M	699K	11.4M	20.85M	33.37M	38.6M	-13.07M
Effective Tax Rate %	0.67%	0.62%	0.49%	0.75%	0.95%	0.63%	0.76%	0.75%	0.73%	0.74%
Net Income+	-37.89M	-14.18M	-7.05M	12.18M	13.95M	19.36M	66.05M	101.87M	110.92M	-36.91M
Net Margin %	-0.03%	-0.01%	-0.01%	0.01%	0.01%	0.01%	0.04%	0.05%	0.04%	-0.01%
Net Income Growth %	-0.18%	0.63%	0.5%	2.73%	0.15%	0.39%	2.41%	0.54%	0.09%	-1.33%
Net Income (Continuing)	-38.23M	-14.54M	-7.05M	12.18M	13.95M	19.36M	66.05M	101.87M	112.44M	-36.91M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	793K	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.75	-0.65	-0.33	0.56	0.63	0.86	2.92	4.49	4.93	-1.63
EPS Growth %	-0.17%	0.63%	0.49%	2.7%	0.13%	0.37%	2.4%	0.54%	0.1%	-1.33%
EPS (Basic)	-1.79	-0.67	-0.33	0.56	0.63	0.86	2.93	4.50	4.86	-1.63
Diluted Shares Outstanding	21.6M	21.84M	21.54M	21.82M	21.95M	22.1M	22.25M	22.38M	22.5M	22.61M
Basic Shares Outstanding	21.11M	21.29M	21.54M	21.81M	21.95M	22.1M	22.24M	22.37M	22.81M	22.61M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	858.25M	607.87M	599.15M	640.89M	727.55M	580.23M	690.33M	869.25M	1.52B	1.29B
Cash & Short-Term Investments	89.47M	53.15M	53.4M	56.74M	43.72M	78.99M	146.15M	43.91M	38.07M	35.9M
Cash Only	89.47M	53.15M	53.4M	56.74M	43.72M	78.99M	146.15M	43.91M	38.07M	35.9M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	56.55M	65.46M	60.67M	77.5M	72.78M	69.11M	94.29M	95.84M	134.26M	119.81M
Days Sales Outstanding	15.09	19.7	18.41	22.42	20.35	17.87	20.1	15.83	17.77	16.18
Inventory	689.46M	478.27M	472.47M	491.09M	597.39M	418.46M	421.76M	703.94M	1.3B	1.11B
Days Inventory Outstanding	216.58	174.68	174.61	174.04	206.81	132.83	111.62	145.21	213.55	175.45
Other Current Assets	13.14M	0	0	15.56M	13.65M	13.68M	28.14M	25.55M	19.4M	28.24M
Total Non-Current Assets+	189.63M	163.55M	161.16M	151.55M	247.8M	235.56M	256.34M	319.44M	473.25M	521.31M
Property, Plant & Equipment	183.18M	156.65M	151.05M	138.95M	233.84M	221.61M	234.39M	267.99M	353.47M	407.63M
Fixed Asset Turnover	7.47x	7.74x	7.96x	9.08x	5.58x	6.37x	7.30x	8.24x	7.80x	6.63x
Goodwill	0	0	250K	1.16M	2.33M	1.43M	8.95M	30.62M	64.11M	61.25M
Intangible Assets	5.13M	5M	5.19M	7.25M	8.37M	7.79M	10.62M	18.41M	53.36M	48.31M
Long-Term Investments	-11.13M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	1.32M	1.36M	1.45M	1.18M	1.11M	1.09M	1.04M	1.18M	1.78M	1.58M
Total Assets+	1.05B	771.42M	760.31M	792.44M	975.34M	815.79M	946.67M	1.19B	1.99B	1.81B
Asset Turnover	1.31x	1.57x	1.58x	1.59x	1.34x	1.73x	1.81x	1.86x	1.38x	1.49x
Asset Growth %	-0.22%	-0.26%	-0.01%	0.04%	0.23%	-0.16%	0.16%	0.26%	0.68%	-0.09%
Total Current Liabilities+	523.42M	308.83M	328.29M	420.45M	494.16M	317.5M	374.72M	498.15M	1.15B	960.96M
Accounts Payable	16.86M	17.33M	15.14M	16.61M	16.98M	20.05M	25.64M	40.83M	43.85M	37.17M
Days Payables Outstanding	5.3	6.33	5.59	5.89	5.88	6.36	6.79	8.42	7.19	5.88
Short-Term Debt	446.34M	234.6M	248.97M	322.35M	385.55M	166.43M	141.29M	265.61M	907.55M	766.62M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	16.82M	17.52M	16.41M	13.86M	16.92M	17.33M	20.63M	0	17.74M	19.43M
Current Ratio	1.64x	1.97x	1.83x	1.52x	1.47x	1.83x	1.84x	1.74x	1.32x	1.35x
Quick Ratio	0.32x	0.42x	0.39x	0.36x	0.26x	0.51x	0.72x	0.33x	0.19x	0.19x
Cash Conversion Cycle	226.38	188.05	187.42	190.58	221.28	144.34	124.93	152.62	224.13	185.75
Total Non-Current Liabilities+	186.1M	141.42M	110.16M	36.67M	136.08M	127.01M	136.75M	154.24M	182.22M	238.91M
Long-Term Debt	172.55M	126.74M	97.4M	25.81M	37.79M	44.91M	74.77M	89.95M	96.36M	157.77M
Capital Lease Obligations	0	0	0	22.95M	88.39M	73.57M	57.11M	48.51M	52.37M	70.48M
Deferred Tax Liabilities	11.13M	9.5M	2.27M	4.96M	2.06M	0	2.01M	9.56M	22.61M	8.82M
Other Non-Current Liabilities	2.41M	5.18M	10.49M	-17.04M	7.84M	8.54M	2.86M	6.21M	10.88M	1.84M
Total Liabilities	709.53M	450.24M	438.45M	457.13M	630.24M	444.51M	511.47M	652.39M	1.33B	1.2B
Total Debt+	618.89M	361.34M	346.36M	348.16M	523.99M	306.49M	290.24M	413.93M	1.07B	1B
Net Debt	529.43M	308.19M	292.97M	291.41M	480.26M	227.5M	144.09M	370.02M	1.03B	964.72M
Debt / Equity	1.83x	1.13x	1.08x	1.04x	1.52x	0.83x	0.67x	0.77x	1.62x	1.63x
Debt / EBITDA	114.02x	14.75x	13.31x	6.82x	8.50x	4.22x	2.38x	2.53x	5.33x	23.48x
Net Debt / EBITDA	97.54x	12.58x	11.25x	5.70x	7.79x	3.13x	1.18x	2.26x	5.14x	22.64x
Interest Coverage	-0.70x	-0.11x	0.05x	1.98x	2.18x	5.21x	15.79x	19.92x	8.00x	0.07x
Total Equity+	338.35M	321.18M	321.86M	335.31M	345.1M	371.28M	435.2M	536.31M	657.64M	614.08M
Equity Growth %	-0.11%	-0.05%	0%	0.04%	0.03%	0.08%	0.17%	0.23%	0.23%	-0.07%
Book Value per Share	15.66	14.71	14.94	15.37	15.72	16.80	19.56	23.96	29.23	27.16
Total Shareholders' Equity	337.56M	321.18M	321.86M	335.31M	345.1M	371.28M	435.2M	536.31M	657.64M	614.08M
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	99.53M	85.35M	77.05M	89.23M	97.72M	116.87M	182.92M	284.78M	397.23M	360.31M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-4.46M	-4.78M	-1.7M	-2.34M	-3.22M	1.5M	-2.17M	-5.02M	1.76M	-8.33M
Minority Interest	793K	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	231.88M	141M	95.81M	46.6M	955K	173M	158.92M	10.82M	-32.28M	70.29M
Operating CF Margin %	0.17%	0.12%	0.08%	0.04%	0%	0.12%	0.09%	0%	-0.01%	0.03%
Operating CF Growth %	4.65%	-0.39%	-0.32%	-0.51%	-0.98%	180.15%	-0.08%	-0.93%	-3.98%	3.18%
Net Income	-38.23M	-14.54M	-7.05M	12.18M	13.95M	19.36M	66.05M	101.87M	112.44M	-36.91M
Depreciation & Amortization	28.54M	26.87M	25.11M	23.61M	28.07M	23.7M	22.14M	25.2M	31.48M	38.6M
Stock-Based Compensation	2.1M	2.15M	3.44M	2.54M	2.69M	2.52M	2.55M	3.23M	3.3M	0
Deferred Taxes	-9.17M	-2.84M	-8.92M	2.51M	-1.66M	-3.54M	4.32M	7.64M	2.91M	0
Other Non-Cash Items	12.92M	5.67M	1.9M	6.2M	16.02M	13.52M	7.78M	9.13M	-26.66M	-73.63M
Working Capital Changes	235.72M	123.69M	81.34M	-426K	-58.11M	117.45M	56.08M	-136.24M	-155.75M	142.23M
Change in Receivables	24.33M	-1.89M	-1M	-13.47M	6.22M	4.47M	-37.04M	1.2M	-48.09M	28.8M
Change in Inventory	196.98M	211.79M	20.34M	5M	-99.47M	199.25M	5.8M	-180.93M	-476.39M	166.18M
Change in Payables	-14.32M	1.82M	8.45M	10.69M	-1.89M	36.2M	9.69M	-13.93M	0	0
Cash from Investing+	-126K	-9.13M	-24.59M	-25.83M	-36.47M	-20.3M	-55.2M	-134.06M	-163.37M	-47.75M
Capital Expenditures	-8.41M	-12.43M	-26.11M	-11.95M	-25.02M	-20.09M	-37.63M	-37.21M	-62.36M	-51.84M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.01%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	508K	3.3M	5.18M	1.42M	2.43M	6.58M	16.07M	3.62M	6.54M	4.36M
Cash from Financing+	-268.96M	-167.98M	-71.47M	-16.73M	22.87M	-117.94M	-35.34M	21.96M	188.58M	-23.62M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-44.68M	-2.21M	-38.59M	1.98M	-509K	-909K	-15.26M	21.18M	182.02M	-42.41M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	223.47M	128.57M	69.7M	34.65M	-24.06M	152.91M	121.29M	-26.39M	-94.64M	18.45M
FCF Margin %	0.16%	0.11%	0.06%	0.03%	-0.02%	0.11%	0.07%	-0.01%	-0.03%	0.01%
FCF Growth %	8.52%	-0.42%	-0.46%	-0.5%	-1.69%	7.35%	-0.21%	-1.22%	-2.59%	1.19%
FCF per Share	10.34	5.89	3.24	1.59	-1.10	6.92	5.45	-1.18	-4.21	0.82
FCF Conversion (FCF/Net Income)	-6.12x	-9.94x	-13.59x	3.83x	0.07x	8.94x	2.41x	0.11x	-0.29x	-1.90x
Interest Paid	25.84M	0	0	11.06M	9.69M	7.36M	5.4M	6.52M	0	48.29M
Taxes Paid	7.32M	0	0	3.68M	3.66M	2.79M	22.95M	26.57M	0	6.56M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-10.57%	-4.3%	-2.19%	3.71%	4.1%	5.4%	16.38%	20.97%	18.58%	-5.8%
Return on Invested Capital (ROIC)	-1.77%	-0.24%	0.11%	3.32%	2.2%	3.94%	11.48%	13.97%	9.77%	0.18%
Gross Margin	15.05%	17.62%	17.9%	18.36%	19.22%	18.52%	19.44%	19.91%	19.26%	14.64%
Net Margin	-2.77%	-1.17%	-0.59%	0.97%	1.07%	1.37%	3.86%	4.61%	4.02%	-1.37%
Debt / Equity	1.83x	1.13x	1.08x	1.04x	1.52x	0.83x	0.67x	0.77x	1.62x	1.63x
Interest Coverage	-0.70x	-0.11x	0.05x	1.98x	2.18x	5.21x	15.79x	19.92x	8.00x	0.07x
FCF Conversion	-6.12x	-9.94x	-13.59x	3.83x	0.07x	8.94x	2.41x	0.11x	-0.29x	-1.90x
Revenue Growth	-28.02%	-11.31%	-0.84%	4.87%	3.46%	8.13%	21.31%	29.06%	24.86%	-2.04%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Sales of Equipment	-	-	-	909.18M	917.2M	1.02B	1.29B	1.71B	2.15B	2.05B
Sales of Equipment Growth	-	-	-	-	0.88%	10.78%	27.13%	32.51%	25.34%	-4.43%
Sales of Parts	-	-	-	210.8M	234.22M	244.68M	266.92M	327.2M	410.84M	428.46M
Sales of Parts Growth	-	-	-	-	11.11%	4.47%	9.09%	22.58%	25.56%	4.29%
Service Sales	-	-	-	86.84M	99.17M	107.23M	115.64M	129.8M	157.31M	180.11M
Service Sales Growth	-	-	-	-	14.19%	8.13%	7.84%	12.25%	21.20%	14.49%
Other Revenue	-	-	-	6.76M	6.15M	5.82M	5.44M	6.86M	8.21M	43.26M
Other Revenue Growth	-	-	-	-	-9.12%	-5.38%	-6.55%	26.12%	19.81%	426.66%
Rental Revenue	-	-	-	47.93M	48.44M	37.43M	32.23M	33.89M	36.76M	35.67M
Rental Revenue Growth	-	-	-	-	1.07%	-22.73%	-13.89%	5.16%	8.46%	-2.95%
Agriculture	864.85M	739.17M	694.02M	-	-	-	-	-	-	-
Agriculture Growth	-	-14.53%	-6.11%	-	-	-	-	-	-	-
Construction	340.92M	323.63M	300.02M	-	-	-	-	-	-	-
Construction Growth	-	-5.07%	-7.29%	-	-	-	-	-	-	-
International	162.07M	150.29M	208.89M	-	-	-	-	-	-	-
International Growth	-	-7.27%	39.00%	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	-	-	-	-	-	-	-	-	2.4B	2.22B
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-7.50%
Other Geographies	-	-	-	-	-	-	-	-	-	261M
Other Geographies Growth	-	-	-	-	-	-	-	-	-	-
AUSTRALIA	-	-	-	-	-	-	-	-	-	221.12M
AUSTRALIA Growth	-	-	-	-	-	-	-	-	-	-
All Countries, Excluding United States	162.1M	150.3M	208.9M	232.7M	236.1M	219M	318M	299.1M	-	-
All Countries, Excluding United States Growth	-	-7.28%	38.99%	11.39%	1.46%	-7.24%	45.21%	-5.94%	-	-

Frequently Asked Questions

Growth & Financials

Titan Machinery Inc. (TITN) reported $2.55B in revenue for fiscal year 2025. This represents a 53% increase from $1.66B in 2012.

Titan Machinery Inc. (TITN) saw revenue decline by 2.0% over the past year.

Titan Machinery Inc. (TITN) reported a net loss of $61.8M for fiscal year 2025.

Dividend & Returns

Titan Machinery Inc. (TITN) has a return on equity (ROE) of -5.8%. Negative ROE indicates the company is unprofitable.

Titan Machinery Inc. (TITN) generated $170.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.