Titan Machinery Inc. TITN

Consumer discretionary SIC 5990 - Retail-Retail Stores, NEC NAICS Retail Trade › Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers derived Nasdaq

Titan Machinery Inc. and its subsidiaries (collectively, "Titan Machinery," the "Company," "we," or "our") own and operate a network of full service agricultural and construction equipment stores in the United States, Europe and Australia. We have been an authorized dealer of CNH Industrial N.V. or its U.S. subsidiaries (collectively referred to in this Annual Report on Form 10-K (this "Form 10-K") as "CNH") since our formation in 1980. CNH is a leading global manufacturer and supplier of agricultural and construction equipment, which includes the Case IH Agriculture, New Holland Agriculture, Case Construction and New Holland Construction brands. Based upon information provided to us by CNH, we are the largest retail dealer of Case IH Agriculture equipment in the world, one of the largest retail dealers of Case Construction equipment in North America and one of the largest retail dealers of New Holland Agriculture and New Holland Construction equipment in the United States. In addition to the CNH brands, we sell and service equipment supplied by a variety of other manufacturers and distributors.

Last close 23.12 2026-10-23
Market cap $544.1M 2026-07-31 share count
52-week range 13.21 - 26.90

Valuation FY2025 figures against the last close

P/S0.2x
P/E—
P/FCF4.0x
EV/EBITDA22.6x
Dividend yield—
Diluted EPS-2.38

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.43B$2.70B$2.76B$2.21B$1.71B$1.41B$1.31B$1.26B$1.19B$1.20B
Cost of revenue $2.04B$2.31B$2.23B$1.77B$1.38B$1.15B$1.05B$1.03B$977.3M$988.0M
Gross profit $382.6M$395.6M$531.4M$439.8M$332.7M$261.4M$250.8M$231.6M$215.3M$213.7M
Total operating expenses $385.2M$389.8M$362.5M$301.5M$241.0M$220.8M$225.7M$201.5M$203.2M$211.4M
Operating income -$6.7M$4.0M$168.8M$138.3M$90.2M$37.4M$21.3M$27.5M$925.0K-$2.4M
Interest expense ———$6.9M$5.7M$7.2M$9.8M$13.9M$17.0M$21.9M
Pre-tax income -$45.4M-$50.0M$151.0M$135.2M$86.9M$30.8M$14.7M$16.2M-$14.4M-$22.7M
Income tax $8.8M$13.1M$38.6M$33.4M$20.9M$11.4M$699.0K$4.0M$7.4M$8.2M
Net income -$54.2M-$36.9M$112.4M$101.9M$66.0M$19.4M$14.0M$12.2M-$7.0M-$14.2M
EPS, basic -2.38-1.634.934.502.930.860.630.55-0.32-0.65
EPS, diluted -2.38-1.634.934.492.920.860.630.55-0.32-0.65
Shares, diluted (wtd. avg.) 22.7M22.6M22.5M22.4M22.2M22.1M22.0M21.8M21.5M21.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $28.2M$35.9M$38.1M$43.9M$146.1M$79.0M$43.7M$56.7M$53.4M$53.2M
Receivables $127.0M$119.8M$153.7M$95.8M$94.3M$41.6M$47.4M$77.5M$60.7M$60.1M
Inventory $903.1M$1.11B$1.30B$703.9M$421.8M$418.5M$597.4M$491.1M$472.5M$478.3M
Total current assets $1.09B$1.29B$1.52B$869.2M$690.3M$580.2M$727.5M$640.9M$599.1M$607.9M
Property, plant and equipment $361.0M$379.7M$298.8M$217.8M$178.2M$147.2M$145.6M$138.9M$151.0M$156.6M
Goodwill $65.6M$61.2M$64.1M$30.6M$9.0M$1.4M$2.3M$1.2M$250.0K$0
Other intangibles $51.2M$48.3M$53.4M$18.4M$10.6M$7.8M$8.4M$7.2M$5.2M$5.0M
Total assets $1.62B$1.81B$1.99B$1.19B$946.7M$815.8M$975.3M$792.4M$760.3M$771.4M
Accounts payable $35.2M$37.2M$43.8M$40.8M$25.6M$20.0M$17.0M$16.6M$15.1M$17.3M
Short-term debt $21.4M$10.9M$13.7M$7.2M$5.9M$4.6M————
Total current liabilities $772.0M$961.0M$1.15B$498.2M$374.7M$317.5M$494.2M$420.5M$328.3M$308.8M
Long-term debt $158.6M$157.8M$106.4M$90.0M$74.8M$44.9M————
Retained earnings $306.1M$360.3M$397.2M$284.8M$182.9M$116.9M$97.7M$89.2M$77.0M$85.3M
Total equity $579.3M$614.1M$657.6M$536.3M$435.2M$345.1M$345.1M$335.3M$321.9M$321.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $137.5M$70.3M-$32.3M$10.8M$158.9M$173.0M$955.0K$46.6M$95.8M$141.0M
Depreciation and amortisation $37.6M$38.6M$31.5M$25.2M$22.1M$23.7M$28.1M$23.6M$25.1M$26.9M
Stock-based compensation $5.6M$4.3M$3.1M$3.2M$2.6M$2.5M$2.7M$2.5M$3.4M$2.1M
Capital expenditure ——————$10.7M$6.3M$13.5M$9.3M
Investing cash flow -$22.7M-$47.7M-$163.4M-$134.1M-$55.2M-$20.3M-$36.5M-$25.8M-$24.6M-$9.1M
Financing cash flow -$123.7M-$23.6M$188.6M$22.0M-$35.3M-$117.9M$22.9M-$16.7M-$71.5M-$168.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-022376.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 1.2B Gross profit, FY2016: 213.7M Net income, FY2016: -14.2M Revenue, FY2017: 1.2B Gross profit, FY2017: 215.3M Net income, FY2017: -7M Revenue, FY2018: 1.3B Gross profit, FY2018: 231.6M Net income, FY2018: 12.2M Revenue, FY2019: 1.3B Gross profit, FY2019: 250.8M Net income, FY2019: 14M Revenue, FY2020: 1.4B Gross profit, FY2020: 261.4M Net income, FY2020: 19.4M Revenue, FY2021: 1.7B Gross profit, FY2021: 332.7M Net income, FY2021: 66M Revenue, FY2022: 2.2B Gross profit, FY2022: 439.8M Net income, FY2022: 101.9M Revenue, FY2023: 2.8B Gross profit, FY2023: 531.4M Net income, FY2023: 112.4M Revenue, FY2024: 2.7B Gross profit, FY2024: 395.6M Net income, FY2024: -36.9M Revenue, FY2025: 2.4B Gross profit, FY2025: 382.6M Net income, FY2025: -54.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.20B $1.19B $1.26B $1.31B $1.41B $1.71B $2.21B $2.76B $2.70B $2.43B
Gross profit $213.7M $215.3M $231.6M $250.8M $261.4M $332.7M $439.8M $531.4M $395.6M $382.6M
Net income -$14.2M -$7.0M $12.2M $14.0M $19.4M $66.0M $101.9M $112.4M -$36.9M -$54.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Annual report filed Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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