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Titan Machinery Inc. (TITN) stock

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NASDAQ: TITN Nasdaq Trading Companies & Distributors Next results ~November 24, 2026

C Fundamentals grade

Titan Machinery Inc. is a US-listed company in the trading companies & distributors industry. Its financial year ends in January.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$26

Cash-flow model

Base case. Range ~$18–$37 across our lower- and higher-growth cases (-1%–9% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 11% below our base value.

Price used: $23.53, November 2, 2026

Titan Machinery Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds70 adding, 42 cuttingOf 30 active managers that changed their stake, 19 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Titan Machinery files

Where Titan Machinery stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $2.31bn, down 10.7% on a year earlier, a smaller fall than the 11.7% decline a quarter earlier. That puts it 21 of 21 for growth among the trading companies & distributors companies we cover. Free-cash-flow margin fell to 1.1% from 5.0% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 5 financial-health checks. Our cash-flow model value is $29.55 a share, against a share price of $23.07. At that price, our model says the market is pricing in about 0.5% a year of cash-flow growth for five years, slower than the 6.1% a year revenue growth it has delivered.

Source: 10-Q filed September 3, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 24, 2026 (estimated)

Titan Machinery Inc.'s trailing-twelve-month revenue fell 10.7% year on year, with a free-cash-flow margin of 1.1%. Where it stands out: stock pay as % of revenue of 0.2% ranks 5 of 29 trading companies & distributors companies we cover. Where it lags: gross margin of 16.5% ranks 25 of 26 trading companies & distributors companies we cover.

Our discounted-cash-flow model values the business at ~$26 per share in the base case (~$18–$37 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 80.8% while net income grew 7.4%: a 88pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Titan Machinery Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 10.7% over the last 12 months.
  • Loss-making. Operating margin is -0.4%: costs exceed revenue.
  • Volatile shares. Over the past year the shares showed annualised volatility of 60% and a beta of 1.5 against the S&P 500.
  • Below peers: gross margin. Gross margin of 16.5% ranks 25 of 26 trading companies & distributors companies we cover (median 28.9%).
  • Below peers: change in share count. Change in share count of 0.7% ranks 21 of 27 trading companies & distributors companies we cover (median -0.8%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2027 Q2

Filed September 3, 2026
Earnings per share
-$0.40 against an average estimate of -$0.36: missed by 11.1%
Revenue
$496m, down 9.2% on a year earlier
Share reaction
-5.1% in the first session after the results on August 27, 2026, against +0.4% for the S&P 500
Next report
November 24, 2026; average EPS estimate -$0.05

Titan Machinery's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.4%
  • 1 week+2.0%
  • 1 month-7.4%
  • This year+56.4%
  • 1 year+43.5%
  • 5 years-22.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.3B
Operating margin
-0.4%
Net margin
-2.5%
EPS (TTM, diluted)
$-2.48

Growth

Revenue growth
−10.7%
Change in growth rate
+1.0 pts
Share count change
+0.7%

Cash

Free cash flow (TTM)
$24.8M
FCF margin
1.1%
Stock pay % of revenue
0.2%

Earnings

Last results
August 27, 2026
Next results (est.)
November 24, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Titan Machinery Inc. valuation models and calculator

What the price is pricing in

The share price implies about 1.3% a year of cash-flow growth for five years.That is close to the 6.1% a year revenue growth Titan Machinery has delivered.

  • Priced in1.3%
  • Last 12 months-10.7%
  • 3 years a year-2.2%
  • 5 years a year6.1%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($23.74, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$26
Price used
$23.74close November 3, 2026
Implied change
▲ +11%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Titan Machinery Inc.'s free cash flow after stock-based pay with after-tax interest added back ($44.2M, FY2027 Q2 TTM), growing -2.9% and 3.8% in the next two years (forecasts, guidance and its record), then back to 4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$18–~$37 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Titan Machinery Inc.'s free cash flow after stock-based pay ( $44.2M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Titan Machinery Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.13 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$26 ~$18–$37 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$14 ~$9.1–$21 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$11 ~$9.7–$13 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$19 ~$11–$26 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Titan Machinery Inc. with Trading Companies & Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −39%
  • Revenue growth 5 points higher ▲ +51%
  • Last year's free-cash-flow margin change, if it persists ▼ −85%
  • Discount rate 1 point higher ▼ −22%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $21$31$44$60$82$111
8.5% $15$22$31$43$59$79
10% $11$16$23$33$45$60

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$8.49$13.81$21.49$18.74$12.21$21.30$30.80$43.94$26.73$18.72$16.27$23.53
Market value$179m$294m$463m$409m$268m$471m$685m$983m$601m$423m$370m$537m
+ Net debt (− = net cash)−$89m−$53m−$53m−$57m−$44m−$79m−$146m−$44m−$38m−$36m−$28m$144m
Enterprise value$90m$241m$410m$352m$224m$392m$539m$939m$563m$387m$342m$681m
Multiples
Price / sales 0.1x0.2x0.4x0.3x0.2x0.3x0.4x0.4x0.2x0.2x0.2x0.2x
Price / earnings ———33.6x19.2x24.3x10.4x9.7x5.3x———
Price / free cash flow 0.8x2.2x5.6x10.1x—2.7x4.3x90.9x—6.0x2.7x8.6x
EV / EBITDA 16.5x9.8x15.7x6.9x4.5x6.4x4.8x5.7x2.8x9.1x11.1x24.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

28 /100

Weak moat

How hard Titan Machinery's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.6% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 18.4%, moving by 1.8 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 2.0%; its worst year was -1.5%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 8 of 10 years, at a median 2.3% of revenue.

  • Discipline 16 / 20

    The diluted share count rose 3.0% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (33 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 24, 2026, before the open. Analysts expect revenue of $539m and EPS of −$0.05 (range −$0.16 to $0.09) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$1.57 +29% $2.1bn −13%
Next −$0.57 +64% $2.2bn +3%

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 −$0.36 −$0.40 −11.1%
Apr 2026 −$0.54 −$0.55 −2.8%
Jan 2026 −$1.00 −$1.43 −43.0%
Oct 2025 −$0.30 $0.05 +116.5%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Titan Machinery Inc.'s revenue by -2.9% next year and +3.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-7.1%, weight 62%) and the company's own record (+4.0%, weight 38%) . How the weights are set.

Analyst recommendations

4 analysts, Oct 2026
Buy375%
Hold125%
Sell00%

Monthly trend

  1. Oct 2026314
  2. Sep 2026314
  3. Aug 2026314

Counts of recommendations published by analysts covering Titan Machinery Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.2%
of tradable shares
Days to cover
3.69
at average volume
Short interest, 1 month
+15%
to September 30, 2026
Held by institutions
92%
of shares
Held by insiders
11.3%
of shares
Employees
3,114
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +43.5%

$16.40 on October 31, 2025 to $23.53

ThenNowEffect
Revenue (last 12 months) $2.6bn $2.3bn −10.7%
P/S multiple 0.1x 0.2x +61.8%
Share count 23m 23m −0.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −9.8%

$26.08 on November 3, 2023 to $23.53

ThenNowEffect
Revenue (last 12 months) $2.5bn $2.3bn −6.4%
P/S multiple 0.2x 0.2x −1.8%
Share count 22m 23m −1.8%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TITN+72%+18%−27%−51%+6%+56%
Industry peers (median)+34%−13%+31%+0%+2%+12%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TITN83%42%50%17%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TITN−28%−39%−52%−55%−31%−31%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 73% from March 7, 2023 to September 9, 2024. Getting back needed a 269% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$14.15 – $26.22
From 52-week high
−10.3%
vs 50-day average
+2.2%
vs 200-day average
+17.3%
Volatility (1 year)
60%
Beta vs S&P 500
1.46

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±9.3%
After a week
4 up, 8 down
typical move ±9.7%
After a month
3 up, 9 down
typical move ±15.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 27, 2026 −5.1% +0.4% +21.4% +24.8%
June 9, 2026 −16.3% −1.9% −18.0% −23.4%
March 19, 2026 −4.4% −1.7% +4.1% +32.1%
November 25, 2025 +13.7% +1.6% +0.7% −6.3%
August 28, 2025 −4.8% −0.2% −1.8% −19.5%
May 22, 2025 −0.2% −0.6% −6.3% −3.4%
March 20, 2025 +15.8% −0.3% +22.7% +7.6%
November 26, 2024 +1.8% +0.2% −1.4% −10.1%
August 29, 2024 +6.9% +1.0% −3.8% −1.4%
August 14, 2024 −11.1% +2.0% −9.7% −14.0%
May 23, 2024 −19.4% −0.1% −18.7% −30.7%
March 21, 2024 −12.4% +0.1% −7.7% −14.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Titan Machinery Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.00× the last 60 days’ realised volatility .
  • Calls are priced 2 points richer than puts (25-delta): demand for upside is high, which favours selling calls over puts.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Titan Machinery Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Titan Machinery Inc.
$2.2B $2.4B $2.6B $2.8B $3B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $2.5B Revenue (TTM), FY24 Q4: $2.8B Revenue (TTM), FY25 Q1: $2.8B Revenue (TTM), FY25 Q2: $2.8B Revenue (TTM), FY25 Q3: $2.8B Revenue (TTM), FY25 Q4: $2.7B Revenue (TTM), FY26 Q1: $2.7B Revenue (TTM), FY26 Q2: $2.6B Revenue (TTM), FY26 Q3: $2.5B Revenue (TTM), FY26 Q4: $2.4B Revenue (TTM), FY27 Q1: $2.4B Revenue (TTM), FY27 Q2: $2.3B $2.3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $2.5B
FY24 Q4 $2.8B
FY25 Q1 $2.8B
FY25 Q2 $2.8B
FY25 Q3 $2.8B
FY25 Q4 $2.7B
FY26 Q1 $2.7B
FY26 Q2 $2.6B
FY26 Q3 $2.5B
FY26 Q4 $2.4B
FY27 Q1 $2.4B
FY27 Q2 $2.3B
Revenue growth, TTM YoY Titan Machinery Inc.
-20% -10% 0% 10% 20% 30% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 16.7% Revenue growth, TTM YoY, FY24 Q4: 24.9% Revenue growth, TTM YoY, FY25 Q1: 21.6% Revenue growth, TTM YoY, FY25 Q2: 14.0% Revenue growth, TTM YoY, FY25 Q3: 12.3% Revenue growth, TTM YoY, FY25 Q4: -2.0% Revenue growth, TTM YoY, FY26 Q1: -5.3% Revenue growth, TTM YoY, FY26 Q2: -8.1% Revenue growth, TTM YoY, FY26 Q3: -8.9% Revenue growth, TTM YoY, FY26 Q4: -10.2% Revenue growth, TTM YoY, FY27 Q1: -11.7% Revenue growth, TTM YoY, FY27 Q2: -10.7% -10.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 16.7%
FY24 Q4 24.9%
FY25 Q1 21.6%
FY25 Q2 14.0%
FY25 Q3 12.3%
FY25 Q4 -2.0%
FY26 Q1 -5.3%
FY26 Q2 -8.1%
FY26 Q3 -8.9%
FY26 Q4 -10.2%
FY27 Q1 -11.7%
FY27 Q2 -10.7%
Operating margin (TTM) Titan Machinery Inc.
-2% 0% 2% 4% 6% 8% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 6.2% Operating margin (TTM), FY24 Q4: 6.1% Operating margin (TTM), FY25 Q1: 5.5% Operating margin (TTM), FY25 Q2: 4.5% Operating margin (TTM), FY25 Q3: 3.2% Operating margin (TTM), FY25 Q4: 0.1% Operating margin (TTM), FY26 Q1: -0.9% Operating margin (TTM), FY26 Q2: -1.5% Operating margin (TTM), FY26 Q3: -1.6% Operating margin (TTM), FY26 Q4: -0.3% Operating margin (TTM), FY27 Q1: -0.3% Operating margin (TTM), FY27 Q2: -0.4% -0.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 6.2%
FY24 Q4 6.1%
FY25 Q1 5.5%
FY25 Q2 4.5%
FY25 Q3 3.2%
FY25 Q4 0.1%
FY26 Q1 -0.9%
FY26 Q2 -1.5%
FY26 Q3 -1.6%
FY26 Q4 -0.3%
FY27 Q1 -0.3%
FY27 Q2 -0.4%
FCF margin (TTM) Titan Machinery Inc.
-5% 0% 5% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: -3.8% FCF margin (TTM), FY24 Q4: -2.3% FCF margin (TTM), FY25 Q1: -0.7% FCF margin (TTM), FY25 Q2: 0.3% FCF margin (TTM), FY25 Q3: -1.6% FCF margin (TTM), FY25 Q4: 1.2% FCF margin (TTM), FY26 Q1: 2.6% FCF margin (TTM), FY26 Q2: 5.0% FCF margin (TTM), FY26 Q3: 6.8% FCF margin (TTM), FY26 Q4: 4.1% FCF margin (TTM), FY27 Q1: 3.0% FCF margin (TTM), FY27 Q2: 1.1% 1.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 -3.8%
FY24 Q4 -2.3%
FY25 Q1 -0.7%
FY25 Q2 0.3%
FY25 Q3 -1.6%
FY25 Q4 1.2%
FY26 Q1 2.6%
FY26 Q2 5.0%
FY26 Q3 6.8%
FY26 Q4 4.1%
FY27 Q1 3.0%
FY27 Q2 1.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jan 2010 2011 Jan 2011 2012 Jan 2012 2013 Jan 2013 2014 Jan 2014 2015 Jan 2015 2016 Jan 2016 2017 Jan 2017 2018 Jan 2018 2019 Jan 2019 2020 Jan 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Jan 2024 2025 Jan 2025 2026 Jan 2026 LTM Jul 2026
Income
Revenue 839 1,094 1,659 2,198 2,226 1,900 1,368 1,202 1,193 1,262 1,305 1,411 1,712 2,209 2,758 2,702 2,427 2,305
Gross profit 141 175 275 339 348 308 206 214 215 232 251 261 333 440 531 396 383 380
EBITDA 40 53 97 115 78 32 5 24 26 51 49 61 112 164 200 43 31 28
Operating income 32 44 82 92 47 1 −23 −2 1 27 21 37 90 138 169 4 −7 −10
Net income 16 22 44 42 9 −32 −38 −14 −7 12 14 19 66 102 112 −37 −54 −57
Diluted EPS $0.88 $1.23 $2.18 $2.00 $0.41 −$1.51 −$1.76 −$0.65 −$0.32 $0.55 $0.63 $0.86 $2.92 $4.49 $4.93 −$1.63 −$2.38 −$2.48
Growth (year on year)
Revenue — +30.5% +51.6% +32.5% +1.3% −14.7% −28.0% −12.1% −0.8% +5.8% +3.5% +8.1% +21.3% +29.1% +24.9% −2.0% −10.2% −10.7%
EBITDA — +32.3% +82.8% +19.0% −32.6% −58.2% — — +6.3% +96.3% −3.3% +23.7% +83.8% +45.6% +22.5% −78.7% — —
Operating income — +37.2% +85.3% +12.5% −48.9% −98.5% — — — — −22.4% — +141.1% +53.4% +22.1% −97.6% — —
Net income — — +97.7% −3.8% — — — — — — — — — +54.2% +10.4% −132.8% — —
Diluted EPS — — +77.2% −8.3% — — — — — — — — — +53.8% +9.8% −133.1% — —
Margins
Gross margin 16.8% 15.9% 16.6% 15.4% 15.6% 16.2% 15.1% 17.8% 18.1% 18.4% 19.2% 18.5% 19.4% 19.9% 19.3% 14.6% 15.8% 16.5%
EBITDA margin 4.8% 4.8% 5.8% 5.2% 3.5% 1.7% 0.4% 2.0% 2.2% 4.0% 3.8% 4.3% 6.6% 7.4% 7.3% 1.6% 1.3% 1.2%
Operating margin 3.8% 4.0% 4.9% 4.2% 2.1% 0.0% −1.7% −0.2% 0.1% 2.2% 1.6% 2.7% 5.3% 6.3% 6.1% 0.1% −0.3% −0.4%
Net margin 1.9% 2.0% 2.7% 1.9% 0.4% −1.7% −2.8% −1.2% −0.6% 1.0% 1.1% 1.4% 3.9% 4.6% 4.1% −1.4% −2.2% −2.5%
Free-cash-flow margin −7.2% −4.4% −12.1% −6.5% −4.5% 1.3% 16.4% 11.0% 6.9% 3.2% −0.7% 12.3% 9.3% 0.5% −1.2% 2.6% 5.7% 2.7%
Cash flow
Cash from operations −48 −35 −182 −115 −82 41 232 141 96 47 1 173 159 11 −32 70 137 62
Capital spending 12 13 19 26 18 16 8 9 14 6 11 0 0 0 0 0 0 0
Free cash flow −60 −48 −201 −142 −100 25 224 132 82 40 −10 173 159 11 −32 70 137 62
Stock-based pay 1 1 1 2 2 2 2 2 3 3 3 3 3 3 3 4 6 5
Free cash flow after stock pay −61 −49 −202 −143 −103 23 222 130 79 38 −12 170 156 8 −35 66 132 57
Balance sheet
Cash 76 76 80 124 74 128 89 53 53 57 44 79 146 44 38 36 28 30
Total debt 0 — — — — — — — — — — — — — — — — 173
Net debt (negative = net cash) −76 −76 −80 −124 −74 −128 −89 −53 −53 −57 −44 −79 −146 −44 −38 −36 −28 144
Diluted shares 18m 18m 20m 21m 21m 21m 21m 21m 22m 22m 22m 22m 22m 22m 22m 23m 23m 23m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 5 checks passed · July 31, 2026
What it owns · $1.6bn
Short-term assets $1.1bnLonger-term assets $528m
What it owes, and who funded it · $1.4bn
Short-term liabilities $818mShareholders' equity $558m
  • Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $818m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $30m of cash against $173m of debt.
  • Debt below 40% of shareholders' equity Debt is 31% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 17% to 31% over five years.
  • A year's operating cash flow covers at least 20% of debt $62m of operating cash flow against $173m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Titan Machinery Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+0.7%
year over year
Days sales outstanding
18 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in trading companies & distributors
Last 12 months unless stated TITN GATX DXPE DSGR CTOS ALTG Median
Revenue, last 12 months $2.3bn $2.2bn $2.1bn $2.1bn $2.0bn $1.8bn $2.2bn
Revenue growth, last 12 months −10.7% 29.7% 11.5% 6.4% 5.8% −1.8% 8.4%
Revenue growth, 3-year average −2.2% 17.4% 9.1% 13.6% 3.8% 1.8% 5.1%
Revenue growth, latest quarter −9.2% 36.1% 15.6% 11.0% 2.7% −1.2% 9.0%
Gross margin 16.5% — 31.8% 32.7% 22.6% 25.9% 28.3%
Operating margin −0.4% — 8.8% 3.5% 8.2% 0.9% 5.5%
Operating margin, 3-year average 0.8% — 8.4% 3.2% 7.2% 1.3% 6.4%
Net margin −2.5% 17.7% 4.4% 0.4% 1.4% −4.4% 3.5%
Cash from operations / revenue 2.7% 39.1% 6.3% 2.8% 13.6% 3.4% 4.9%
Free-cash-flow margin 1.1% 10.3% 5.5% 1.8% 0.2% 2.8% 2.4%
Free-cash-flow margin, 3-year average 2.1% 10.8% 4.6% 3.0% −2.5% 3.1% 3.1%
Stock pay / revenue 0.2% 1.1% 0.3% 0.4% 0.5% 0.2% 0.5%
Change in share count 0.7% −0.8% −0.8% 0.7% −0.2% −1.9% −0.5%

Median of all 32 companies we cover in trading companies & distributors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

32 trading companies & distributors companies
Measure Company Peer median Rank
Revenue growth Growth -10.7% 8.5% 30 of 32
Change in growth rate Growth +1.0pp +0.8pp 10 of 32
Gross margin Profitability 16.5% 28.9% 25 of 26
Operating margin Profitability -0.4% 5.5% 21 of 28
Net margin Profitability -2.5% 3.5% 26 of 32
Free-cash-flow margin Cash generation 1.1% 2.8% 21 of 32
Stock pay as % of revenue Cash generation 0.2% 0.5% 5 of 29
Long-term debt as % of assets Balance sheet 9.1% 21.4% 7 of 29
Change in share count Balance sheet 0.7% -0.8% 21 of 27
Days sales outstanding Balance sheet 18 days 57 days 5 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 31, 2026
Segments
Line of business Revenue Share YoY
Agriculture $1.6B 64.2% ▼ 17.5%
Europe $378M 15.6% ▲ 44.7%
Construction $311M 12.8% ▼ 6.2%
Australia $181M 7.4% ▼ 18.4%
Products and services
Line of business Revenue Share YoY
Revenuefrom Contractswith Customers $2.4B 98.1% ▼ 10.4%
Sales of Equipment $1.8B 74.3% ▼ 13.4%
Sales of Parts $428M 17.9% 0.0%
Service Sales $178M 7.4% ▼ 1.2%
Rental and Other $46.4M 1.9% ▲ 7.3%
Rental Revenue $38.3M 82.6% ▲ 7.4%
Other Revenue $8.1M 17.4% ▲ 6.7%
Geography
Region Revenue Share YoY
United States $1.9B 77.0% ▼ 15.8%
Other Geographies $378M 15.6% ▲ 44.7%
Australia $181M 7.4% ▼ 18.4%

From Titan Machinery Inc.'s 10-K filed March 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$475M
Institutions reporting
121
Shares held vs prior quarter
▲ 8.3%
Positions opened / closed
17 / 12

Top buyers and sellers, Q2 2026: 70 institutions bought and 42 sold ; the biggest buyer was Nantahala Capital Management, LLC (+1.0M shares) and the biggest seller Stephens Investment Management Group LLC (−289K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Mirae Asset Global Etfs Holdings Ltd. $51.7M 2.4M 10.9% ▲ 9.1%
Nantahala Capital Management, LLC $47.9M 2.3M 10.1% ▲ 80.6%
Blackrock, Inc. $35.5M 1.7M 7.5% ▲ 7.0%
First Eagle Investment Management, LLC $33.2M 1.6M 7.0% ▲ 96.4%
Jupiter Topco LLC $23.8M 1.1M 5.0% —
Royce & Associates LP $23.5M 1.1M 5.0% ▲ 21.8%
Dimensional Fund Advisors LP $21.4M 1.0M 4.5% ▼ 8.0%
American Century Companies Inc $19.9M 944K 4.2% ▲ 46.7%
Vanguard Capital Management LLC $19.3M 916K 4.1% ▲ 1.9%
Morgan Stanley $15.4M 728K 3.2% ▼ 1.0%
Deutsche Bank Ag\ $12.9M 611K 2.7% ▼ 5.4%
William Blair Investment Management, LLC $12.3M 582K 2.6% ▼ 21.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Titan Machinery Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 24, 2026 estimated from the company's past filing pattern, not announced

  • August 27, 2026
  • June 9, 2026
  • March 19, 2026
  • November 25, 2025
  • August 28, 2025
  • May 22, 2025

Recent SEC filings

Data status

When each part of this page on Titan Machinery Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Titan Machinery Inc. in brief

What does Titan Machinery Inc. do?
Titan Machinery Inc. is a US-listed company in the trading companies & distributors industry. Its financial year ends in January.
What is Titan Machinery Inc.'s stock ticker?
Titan Machinery Inc. trades under the ticker TITN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Titan Machinery Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Titan Machinery Inc. reported revenue of $2.3B, 10.7% lower than a year earlier, according to its SEC filings.
What is Titan Machinery Inc.'s free cash flow?
Titan Machinery Inc.'s free-cash-flow margin is 1.1% of revenue over the trailing twelve months, ranking 21 of the 32 trading companies & distributors companies we cover.
What is Titan Machinery Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Titan Machinery Inc.'s free cash flow after stock-based pay gives ~$26 per share in the base case, and ~$18–$37 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Titan Machinery Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Mirae Asset Global Etfs Holdings Ltd., Nantahala Capital Management, LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Titan Machinery Inc.'s market cap?
On November 2, 2026, Titan Machinery Inc.'s market capitalisation was about $537M and net debt of $144M. Market figures come from third-party market data and may be delayed.
How much debt does Titan Machinery Inc. have?
Titan Machinery Inc.'s debt-to-equity ratio is 31.1%, from its latest balance sheet (17.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are Titan Machinery Inc.'s competitors?
In our Trading Companies & Distributors peer group, the companies closest to Titan Machinery Inc. are Gatx Corp, DXP Enterprises Inc, Distribution Solutions Group, Inc., Custom Truck One Source, Inc. and Alta Equipment Group Inc. The side-by-side comparison below sets their revenue, margins and growth against Titan Machinery Inc.'s.
When is Titan Machinery Inc.'s next earnings date?
Around November 24, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Titan Machinery Inc. announces its own schedule.