# Titan Machinery Inc. (TITN)

> Source: Nexqual · https://nexqual.com/TITN · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Titan Machinery Inc. (TITN), nexqual.com/TITN" · informational, not investment advice.

**Price:** USD 23.12 (+0.57% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 22.99 · day 22.34–23.25 · 52w 13.21–26.9 · market cap $544M · NMS

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $2.31B, net income -$56.7M (-2.5% margin) (SEC filings).
- 1 of 80 tracked superinvestors hold TITN (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Total return with dividends: 1Y +45.0% vs S&P 500 +13.4%; 5Y -18.6% vs S&P 500 +76.9%.
- Next earnings: 2026-11-24, EPS estimate USD -0.05, revenue estimate $539M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.71B | $2.21B | $2.76B | $2.70B | $2.43B | $2.31B |
| Gross profit | $333M | $440M | $531M | $396M | $383M | — |
| Operating income | $90.2M | $138M | $169M | $4.0M | -$6.7M | -$9.5M |
| Net income | $66.0M | $102M | $112M | -$36.9M | -$54.2M | -$56.7M |
| EPS (diluted) | $2.92 | $4.49 | $4.93 | -$1.63 | -$2.38 | — |
| Gross margin | 19.4% | 19.9% | 19.3% | 14.6% | 15.8% | — |
| Operating margin | 5.3% | 6.3% | 6.1% | 0.1% | -0.3% | -0.4% |
| Net margin | 3.9% | 4.6% | 4.1% | -1.4% | -2.2% | -2.5% |
| Revenue growth | +21.3% | +29.1% | +24.9% | -2.0% | -10.2% | — |
| Cash + short-term investments | $146M | $43.9M | $38.1M | $35.9M | $28.2M | — |
| Total debt | $80.6M | $97.2M | $120M | $169M | $180M | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/S 0.2x · EV/EBITDA 24.4x · EV/Sales 0.3x · P/B 1.0x · Earnings yield -10.43% · Net debt $144M · EV $688M
P/E at fiscal year-ends: Jan 2024 5.3x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold TITN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.03% | $16.6M | Reduced -1.8% |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +45.0% | -18.6% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +45.2% | -4.0% |
| Volatility (annualized) | 58.9% | 53.4% |
| Max drawdown | -31.0% (Feb 2026→Mar 2026) | -72.0% (Feb 2023→Dec 2024) |

## Peers (Industrial Distribution)
BXC (Bluelinx Holdings Inc.) USD 76.75 -4.48% · DSGR (Distribution Solutions Group, I) USD 35.01 -0.17% · GIC (Global Industrial Company) USD 44.46 -1.00% · DXPE (DXP Enterprises, Inc.) USD 156.26 -0.89% · REZI (Resideo Technologies, Inc.) USD 17.86 +0.39% · DNOW (DNOW Inc.) USD 15.69 +1.82%

## More
Full page: https://nexqual.com/TITN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in TITN's own 10-K filed 2026-03-31 (https://www.sec.gov/Archives/edgar/data/1409171/000162828026022376/titn-20260131.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | CNH Industrial N.V. (CNH) | "On March 30, 2026, the Company's wholly-owned Australian subsidiary, O'Connors, entered into a new dealer agreement (the "CNH Industrial Australia Dealer Agreement") with CNH Industrial Australia Pty Limited ("CNH Indust…" |
| Competitor | Caterpillar (CAT) | "Our competitors range from multi-location, regional operators to single-location dealers and include dealers and distributors of competing equipment brands, including Deere, Caterpillar, Kubota, and the AGCO brands, as w…" |

## Revenue by business segment (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Agricultural | $310.2M | 62.5% | -10.3% |
| Construction | $78.6M | 15.8% | +9.2% |
| International | $66.1M | 13.3% | -32.6% |
| Australia | $41.4M | 8.3% | +35.5% |
| Total revenue | $496.4M | 100% | — |

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Equipment | $328.5M | 66.2% | +39.4% |
| Revenue from Contracts with Customers | $309.5M | 62.3% | -10.3% |
| Parts | $106.6M | 21.5% | +45.6% |
| Service | $46.4M | 9.4% | +32.1% |
| Rental and Other | $14.8M | 3.0% | +759.3% |
| Other Revenue | $1.1M | 0.2% | +0.4% |
| Rental | $761,000 | 0.2% | — |
| Total revenue | $496.4M | 100% | — |
The lines above cover 162.7% of total revenue.

## Revenue by region (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| U.S. | $388.9M | 78.3% | -6.9% |
| Non-US | $66.1M | 13.3% | -32.6% |
| AUSTRALIA | $41.4M | 8.3% | +35.5% |
| Total revenue | $496.4M | 100% | — |

## Company outlook (8-K filed 2026-08-27)

- "Outlook - West Fargo, ND – August 27, 2026 – Titan Machinery Inc."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $-0.05 | $0.03 | -261.5% | $538.5M | 4 |
| Next quarter (ends 2027-01-31) | $-0.59 | $-0.39 | +50.6% | $549.5M | 4 |
| Current fiscal year (ends 2027-01-31) | $-1.57 | $-1.45 | +9.0% | $2.11B | 4 |
| Next fiscal year (ends 2028-01-31) | $-0.57 | $-0.33 | +70.3% | $2.18B | 4 |