Titan Machinery Inc (TITN)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
A sound balance sheet structure and a growing parts and service share stand against two consecutive loss years, a 10.2 percent revenue decline, a Piotroski score of 2 out of 9 and a goodwill cushion below 10 percent resting on optimistic growth assumptions. Open questions, not a substance risk.
symbol.quality_note
Titan Machinery sells tractors and excavators, and in fiscal 2026 the till looked excellent: $137.5 million of operating cash flow, the best figure in company history. The same year brought a $54.2 million net loss and a 10.2 percent drop in revenue. We read the annual and quarterly reports and stripped the inventory cycle out of the cash flow statement. Read a dealer's cash flow without reading its lot and you will mistake shrinking for strength.
Read the analysis
Stock Watch
This analysis is as of July 27, 2026. Stock Watch will tell you what's changed at TITN since then.
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Appears in These Scanners
This stock currently matches 1 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 17.00 $ — 29% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
NeutralNegativ-Befund über sechs geprüfte Filings: Künstliche Intelligenz kommt nur zweimal vor, beide Male als Baustein desselben Cyber-Risikofaktors über missbräuchliche Nutzung durch Angreifer — kein KI-Produkt, kein KI-Umsatz, keine KI-gestützte Prozessbeschreibung.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-K 2026-03-31 · 10-Q 2026-06-09 · 10-Q 2025-12-04 · 10-Q 2025-09-04 · 10-Q 2025-06-05 · 10-K 2025-04-07
Rated on July 27, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 35.3% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 5
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 01/31/2027 | -1.45 | -1.61 – -1.30 | 2,111 | 34.9% | 4 |
| 01/31/2028 | -0.33 | -0.75 – 0.15 | 2,171 | 76.9% | 3 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- -0.33 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2025: Q1 | -1.93 | -287.20 | 760 | -10.80 | -5.80 | 127 | 105 |
| 2025: Q2 | -0.58 | -239.10 | 594 | -5.50 | -2.20 | 6 | -2 |
| 2025: Q3 | -0.26 | – | 546 | -13.80 | -1.10 | 44 | 36 |
| 2025: Q4 | 0.05 | -30.40 | 645 | -5.20 | 0.20 | 34 | 31 |
| 2026: Q1 | -1.59 | – | 642 | -15.50 | -5.60 | 178 | 174 |
| 2026: Q2 | -0.55 | – | 522 | -12.10 | -2.40 | -23 | -26 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2017 | 1,213 | -2 | -14 | -0.65 | 141 | 321 | 771 |
| 2018 | 1,203 | 1 | -7 | -0.33 | 96 | 322 | 760 |
| 2019 | 1,262 | 27 | 12 | 0.56 | 47 | 335 | 792 |
| 2020 | 1,305 | 21 | 14 | 0.64 | 1 | 345 | 975 |
| 2021 | 1,411 | 37 | 19 | 0.88 | 173 | 371 | 816 |
| 2022 | 1,712 | 90 | 66 | 2.97 | 159 | 435 | 947 |
| 2023 | 2,209 | 138 | 102 | 4.55 | 11 | 536 | 1,189 |
| 2024 | 2,758 | 169 | 111 | 4.93 | -32 | 658 | 1,992 |
| 2025 | 2,702 | 6 | -37 | -1.63 | 70 | 614 | 1,814 |
| 2026 | 2,427 | -3 | -54 | -2.38 | 137 | 579 | 1,617 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
The $137.5 million reported for fiscal 2026 was, in the company's own words, "primarily attributable to inventory reductions". Adjusted for the inventory cycle and its manufacturer financing, $1.6 million is left. In the first quarter of fiscal 2027 the reported figure flipped to minus $23.1 million because the lot grew again.
Fiscal 2026 revenue fell 10.2 percent to $2,427.1 million — a second consecutive loss year with a widening deficit (−$36.9 million, then −$54.2 million). In the first quarter of fiscal 2027 revenue fell another 12.1 percent to $522.4 million.
A 35.1 percent equity ratio as of April 30, 2026, an Altman Z″ of 5.6 and a $110.0 million working capital line left undrawn as of January 31, 2026. Against that stand $589.0 million of floorplan financing and $176.6 million of long-term debt; the Piotroski score of 2 out of 9 points down in almost every component.
The cycle-resistant part is gaining share: 24.9 percent of revenue in fiscal 2026, up from 20.6 percent in fiscal 2024, at gross margins of 30.9 percent (parts) and 61.5 percent (service) against 7.3 percent on equipment. Group gross margin rose to 17.1 percent in the first quarter of fiscal 2027 from 15.3 percent.
The dealer agreement obliges Titan to stock inventory at the level CNH deems necessary (fiscal 2026 Form 10-K, Item 1A). CNH can terminate the agreement, must consent to acquisitions, and at $875.0 million provides the largest floorplan line.
Fair value exceeds carrying amount by 9.2 percent (Agriculture) and 8.6 percent (Australia) — on assumed five-year revenue growth of 8.5 and 13.2 percent, while both segments shrank by double digits in fiscal 2026 (fiscal 2026 Form 10-K).
Titan Machinery is neither a bankruptcy candidate nor a growth story. It is a cyclical dealer at the bottom of its cycle. The most striking number of fiscal 2026 — $137.5 million of operating cash flow — measures the inventory drawdown, not earning power. Buying the stock means betting that the agricultural cycle turns before the goodwill cushion runs out. Not investment advice.
- The hook was our in-house stock scanner: P/FCF ranking, U.S. selection, rank 50 of 545 hits with a displayed ratio of 2.31 (as of July 27, 2026). The page shows only the 25 strongest rows; Titan sits below them. The lists are recalculated daily.
- Our data set carries a market value of roughly $498 million for Titan. We instead use the 23,302,180 shares from the 10-Q cover page (as of May 31, 2026) and arrive at roughly $466 million — every valuation metric in this article rests on that own calculation.
- Do not confuse Titan Machinery Inc. (TITN) with Titan International Inc. (TWI), the maker of wheels and tires for agricultural equipment.
- Mind the fiscal year: fiscal 2026 ended January 31, 2026 and covers essentially calendar 2025.
About the Company
Titan Machinery Inc. besitzt und betreibt ein Netzwerk von Full-Service-Filialen für Landwirtschafts- und Baumaschinen in den USA, Europa und Australien.
| Employees | 3,114 |
|---|---|
| Headquarters | West Fargo, ND |
| Address | 644 East Beaton Drive, 58078-2648 West Fargo, United States |
| Phone | 701 356 0130 |
| Website | titanmachinery.com |
| IPO Date | 6. Dec 2007 |
| ISIN | US88830R1014 |
Management
| Name | Title | Birth Year |
|---|---|---|
| David Joseph Meyer | Chairman of the Board & Co-Founder | 1953 |
| Bryan J. Knutson | President, CEO & Director | 1978 |
| Robert Larsen | CFO & Treasurer | 1986 |
| Jason Anderson | Vice President of Human Resources & Administration | – |
| Dale Shook ESQ. | General Counsel, Compliance Officer & Corporate Secretary | – |
| Aaron Cordy | Managing Director of Australia | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.