Titan Machinery Inc. (TITN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Sales/Revenue | 522.38M | 641.83M | 644.51M | 546.43M | 594.34M | 759.92M | 679.82M | 633.67M | 628.7M | 852.13M | 694.12M | 642.57M | 569.63M | 582.98M | 668.77M | 496.54M | 461.01M | 507.6M | 453.98M | 377.63M |
| Revenue Growth % | -12.11% | -15.54% | -5.19% | -13.77% | -5.47% | -10.82% | -2.06% | -1.38% | 10.37% | 46.17% | 3.79% | 29.41% | 23.56% | 14.85% | 47.31% | 31.49% | 23.69% | 16.24% | 25.8% | 24.44% |
| Cost of Goods Sold | 433.1M | 554.87M | 533.5M | 452.78M | 503.4M | 708.92M | 569.33M | 521.29M | 512.95M | 717.1M | 555.77M | 509.17M | 451.05M | 474.12M | 529.19M | 393.84M | 372.31M | 413.35M | 361.5M | 302.61M |
| COGS % of Revenue | 82.91% | 86.45% | 82.78% | 82.86% | 84.7% | 93.29% | 83.75% | 82.27% | 81.59% | 84.15% | 80.07% | 79.24% | 79.18% | 81.33% | 79.13% | 79.32% | 80.76% | 81.43% | 79.63% | 80.13% |
| Gross Profit | 89.28M | 86.96M | 111.02M | 93.65M | 90.94M | 51M | 110.49M | 112.38M | 115.75M | 135.03M | 138.34M | 133.4M | 118.58M | 108.87M | 139.58M | 102.7M | 88.69M | 94.25M | 92.48M | 75.02M |
| Gross Margin % | 17.09% | 13.55% | 17.22% | 17.14% | 15.3% | 6.71% | 16.25% | 17.73% | 18.41% | 15.85% | 19.93% | 20.76% | 20.82% | 18.67% | 20.87% | 20.68% | 19.24% | 18.57% | 20.37% | 19.87% |
| Gross Profit Growth % | -1.82% | 70.5% | 0.47% | -16.67% | -21.44% | -62.23% | -20.13% | -15.76% | -2.38% | 24.04% | -0.89% | 29.89% | 33.7% | 15.51% | 50.93% | 36.9% | 24.96% | 39.19% | 27.47% | 19.67% |
| Operating Expenses | 94.38M | 95.7M | 100.47M | 92.98M | 96.67M | 96.69M | 98.77M | 95.16M | 93.16M | 94.33M | 92.11M | 88.75M | 81.31M | 83.67M | 84.86M | 68.83M | 64.15M | 64.58M | 62.94M | 57.07M |
| OpEx % of Revenue | 18.07% | 14.91% | 15.59% | 17.02% | 16.27% | 12.72% | 14.53% | 15.02% | 14.82% | 11.07% | 13.27% | 13.81% | 14.27% | 14.35% | 12.69% | 13.86% | 13.92% | 12.72% | 13.86% | 15.11% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 93.16M | 94.33M | 86.81M | 83.55M | 76.52M | 0 | 80.66M | 65.23M | 60.65M | 64.58M | 60.04M | 57.07M |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | 14.82% | 11.07% | 12.51% | 13% | 13.43% | - | 12.06% | 13.14% | 13.16% | 12.72% | 13.23% | 15.11% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 0 |
| Operating Income | -5.6M | -8.15M | 10.54M | 662K | -5.74M | -45.79M | 11.46M | 15.75M | 22.6M | 40.71M | 46.23M | 44.65M | 37.27M | 25.19M | 54.72M | 33.87M | 24.54M | 29.66M | 29.54M | 16.45M |
| Operating Margin % | -1.07% | -1.27% | 1.64% | 0.12% | -0.96% | -6.03% | 1.69% | 2.49% | 3.59% | 4.78% | 6.66% | 6.95% | 6.54% | 4.32% | 8.18% | 6.82% | 5.32% | 5.84% | 6.51% | 4.36% |
| Operating Income Growth % | 2.34% | 82.2% | -7.99% | -95.8% | -125.38% | -212.5% | -75.22% | -64.72% | -39.36% | 61.59% | -15.52% | 31.82% | 51.84% | -15.08% | 85.26% | 105.95% | 68.84% | 337.39% | 85.99% | 71.15% |
| EBITDA | -5.6M | 1.24M | 20.39M | 10.08M | 3.18M | -35.88M | 21.73M | 25.45M | 31.31M | 49.31M | 54.46M | 52.34M | 44.21M | 32.03M | 62.09M | 39.63M | 29.77M | 37.79M | 37.76M | 24.39M |
| EBITDA Margin % | -1.07% | 0.19% | 3.16% | 1.84% | 0.54% | -4.72% | 3.2% | 4.02% | 4.98% | 5.79% | 7.85% | 8.14% | 7.76% | 5.49% | 9.28% | 7.98% | 6.46% | 7.45% | 8.32% | 6.46% |
| EBITDA Growth % | -276.13% | 103.46% | -6.18% | -60.41% | -89.84% | -172.76% | -60.1% | -51.38% | -29.18% | 53.96% | -12.29% | 32.05% | 48.54% | -15.24% | 64.45% | 62.53% | 33.65% | 196.35% | 69.11% | 57.13% |
| D&A (Non-Cash Add-back) | 0 | 9.39M | 9.85M | 9.41M | 8.91M | 9.91M | 10.27M | 9.7M | 8.71M | 8.61M | 8.23M | 7.69M | 6.95M | 6.84M | 7.37M | 5.76M | 5.22M | 8.13M | 8.22M | 7.94M |
| EBIT | 0 | -13.99M | 13.75M | 3.3M | -5.74M | -45.79M | 14.55M | 15.75M | 22.31M | 39.61M | 46.23M | 44.65M | 37.27M | 25.88M | 56.52M | 33.87M | 24.54M | 30.16M | 30.15M | 17.1M |
| Net Interest Income | 0 | -9.06M | -10.94M | -11.54M | -11.55M | -13M | -11.18M | -20M | -9.81M | -9.32M | -5.77M | -3.06M | -1.83M | -1.36M | -41K | -721K | -958K | -897K | -714K | -814K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 3.1M | 0 | 0 | 0 | 0 | 641K | 720K | 693K | 1.8M | 873K | 492K | 495K | 616K | 654K |
| Interest Expense | 1.3M | 9.06M | 10.94M | 11.54M | 11.55M | 13M | 14.28M | 20M | 9.81M | 9.32M | 5.77M | 3.7M | 2.55M | 2.06M | 1.84M | 1.59M | 1.45M | 1.39M | 1.33M | 1.47M |
| Other Income/Expense | -6.87M | -14.55M | -7.73M | -8.9M | -11.55M | -13M | -11.18M | -20M | -9.81M | -7.15M | -5.77M | -3.06M | -1.83M | -1.36M | -41K | -721K | -958K | -898K | -714K | -814K |
| Pretax Income | -12.47M | -22.7M | 2.81M | -8.24M | -17.28M | -58.79M | 275K | -4.25M | 12.79M | 33.56M | 40.45M | 41.59M | 35.44M | 23.83M | 54.68M | 33.15M | 23.58M | 28.77M | 28.82M | 15.63M |
| Pretax Margin % | -2.39% | -3.54% | 0.44% | -1.51% | -2.91% | -7.74% | 0.04% | -0.67% | 2.03% | 3.94% | 5.83% | 6.47% | 6.22% | 4.09% | 8.18% | 6.68% | 5.12% | 5.67% | 6.35% | 4.14% |
| Income Tax | 141K | 13.47M | 1.61M | -2.24M | -4.08M | -15.03M | -1.44M | 54K | 3.35M | 9.6M | 10.26M | 10.27M | 8.47M | 5.72M | 13.42M | 8.19M | 6.04M | 6.33M | 7.01M | 4.38M |
| Effective Tax Rate % | -1.13% | -59.35% | 57.34% | 27.15% | 23.6% | 25.57% | -522.91% | -1.27% | 26.16% | 28.59% | 25.36% | 24.69% | 23.91% | 23.99% | 24.55% | 24.71% | 25.63% | 22.01% | 24.31% | 28.04% |
| Net Income | -12.62M | -36.17M | 1.2M | -6M | -13.2M | -43.76M | 1.71M | -4.3M | 9.44M | 23.6M | 30.19M | 31.32M | 26.96M | 18.11M | 41.26M | 24.96M | 17.54M | 22.43M | 21.82M | 11.25M |
| Net Margin % | -2.42% | -5.64% | 0.19% | -1.1% | -2.22% | -5.76% | 0.25% | -0.68% | 1.5% | 2.77% | 4.35% | 4.87% | 4.73% | 3.11% | 6.17% | 5.03% | 3.8% | 4.42% | 4.81% | 2.98% |
| Net Income Growth % | 4.45% | 17.35% | -30.06% | -39.41% | -239.86% | -285.45% | -94.33% | -113.74% | -64.99% | 30.28% | -26.82% | 25.49% | 53.73% | -19.27% | 89.11% | 121.88% | 66.3% | 2768.93% | 120.1% | 75.77% |
| Net Income (Continuing) | -12.62M | -36.17M | 1.2M | -6M | -13.2M | -43.76M | 1.71M | -4.3M | 9.44M | 23.96M | 30.19M | 31.32M | 26.96M | 18.11M | 41.26M | 24.96M | 17.54M | 22.43M | 21.82M | 11.25M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.55 | -1.59 | 0.05 | -0.26 | -0.58 | -1.93 | 0.08 | -0.19 | 0.41 | 1.03 | 1.32 | 1.38 | 1.19 | 0.84 | 1.82 | 1.11 | 0.79 | 0.99 | 0.97 | 0.50 |
| EPS Growth % | 5.17% | 17.62% | -32.36% | -36.84% | -241.46% | -287.38% | -94.27% | -113.77% | -65.55% | 22.62% | -27.47% | 24.32% | 50.63% | -15.15% | 87.63% | 122% | 68.09% | 3200% | 120.45% | 78.57% |
| EPS (Basic) | -0.55 | -1.59 | 0.05 | -0.26 | -0.58 | -1.93 | 0.08 | -0.19 | 0.41 | 1.03 | 1.32 | 1.38 | 1.19 | 0.84 | 1.82 | 1.11 | 0.79 | 0.99 | 0.97 | 0.50 |
| Diluted Shares Outstanding | 22.85M | 22.78M | 22.74M | 22.76M | 22.67M | 22.63M | 22.63M | 22.62M | 22.55M | 22.85M | 22.52M | 22.48M | 22.45M | 22.7M | 22.4M | 22.39M | 22.32M | 22.59M | 22.22M | 22.28M |
| Basic Shares Outstanding | 22.85M | 22.78M | 22.74M | 22.76M | 22.67M | 22.63M | 22.63M | 22.62M | 22.54M | 22.85M | 22.51M | 22.48M | 22.44M | 22.91M | 22.39M | 22.39M | 22.31M | 22.27M | 22.21M | 22.26M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |