Titan Machinery (TITN) Financials

$19.74 -0.51 (-2.52%)

Closing price 05/29/2025 04:00 PM Eastern

Extended Trading

$19.72 -0.02 (-0.13%)

As of 05/29/2025 07:38 PM Eastern

Annual Income Statements for Titan Machinery

This table shows Titan Machinery's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022
Period end date	1/31/2025	1/31/2024	1/31/2023	1/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-37	112	102	66
Consolidated Net Income / (Loss)	-37	112	102	66
Net Income / (Loss) Continuing Operations	-37	112	102	66
Total Pre-Tax Income	-50	151	135	87
Total Operating Income	4.01	169	138	90
Total Gross Profit	396	531	440	333
Total Revenue	2,702	2,758	2,209	1,712
Operating Revenue	2,702	2,758	2,209	1,712
Total Cost of Revenue	2,306	2,227	1,769	1,379
Operating Cost of Revenue	2,306	2,227	1,769	1,379
Total Operating Expenses	392	363	302	243
Other Operating Expenses / (Income)	390	363	302	241
Impairment Charge	1.84	0.00	0.00	1.50
Total Other Income / (Expense), net	-54	-18	-3.08	-3.28
Interest Expense	50	21	6.94	5.71
Other Income / (Expense), net	-4.18	3.30	3.86	2.43
Income Tax Expense	-13	39	33	21
Basic Earnings per Share	($1.63)	$4.93	$4.50	$2.93
Weighted Average Basic Shares Outstanding	22.61M	22.49M	22.37M	22.24M
Diluted Earnings per Share	($1.63)	$4.93	$4.49	$2.92
Weighted Average Diluted Shares Outstanding	22.61M	22.50M	22.38M	22.25M
Weighted Average Basic & Diluted Shares Outstanding	23.12M	22.85M	22.70M	22.59M

This table shows Titan Machinery's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-44	1.71	-4.30	9.44	24	30	31	27	18	41	25
Consolidated Net Income / (Loss)	-44	1.71	-4.30	9.44	24	30	31	27	18	41	25
Net Income / (Loss) Continuing Operations	-44	1.71	-4.30	9.44	24	30	31	27	18	41	25
Total Pre-Tax Income	-59	0.28	-4.25	13	34	40	42	35	24	55	33
Total Operating Income	-46	11	16	23	41	46	45	37	25	55	34
Total Gross Profit	51	110	112	122	141	138	133	119	109	140	103
Total Revenue	760	680	634	629	852	694	643	570	583	669	497
Operating Revenue	760	680	634	629	852	694	643	570	583	669	497
Total Cost of Revenue	709	569	521	507	711	556	509	451	474	529	394
Operating Cost of Revenue	709	569	521	507	711	556	509	451	474	529	394
Total Operating Expenses	97	99	97	99	100	92	89	81	84	85	69
Other Operating Expenses / (Income)	97	99	95	99	100	92	89	81	84	85	69
Total Other Income / (Expense), net	-13	-11	-20	-9.81	-7.15	-5.77	-3.06	-1.83	-1.36	-0.04	-0.72
Interest Expense	13	14	13	9.52	9.32	5.54	3.70	2.55	2.06	1.85	1.59
Other Income / (Expense), net	0.06	3.10	-7.05	-0.29	2.17	-0.24	0.64	0.72	0.69	1.80	0.87
Income Tax Expense	-15	-1.44	0.05	3.35	9.60	10	10	8.47	5.72	13	8.19
Basic Earnings per Share	($1.92)	$0.07	($0.19)	$0.41	$1.04	$1.32	$1.38	$1.19	$0.80	$1.82	$1.10
Weighted Average Basic Shares Outstanding	22.61M	22.63M	22.62M	22.54M	22.49M	22.51M	22.48M	22.44M	22.37M	22.39M	22.39M
Diluted Earnings per Share	($1.92)	$0.07	($0.19)	$0.41	$1.04	$1.32	$1.38	$1.19	$0.79	$1.82	$1.10
Weighted Average Diluted Shares Outstanding	22.61M	22.63M	22.62M	22.55M	22.50M	22.52M	22.48M	22.45M	22.38M	22.40M	22.39M
Weighted Average Basic & Diluted Shares Outstanding	23.12M	23.13M	23.13M	22.82M	22.85M	22.85M	22.86M	22.67M	22.70M	22.71M	22.57M

This table details how cash moves in and out of Titan Machinery's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022
Period end date	1/31/2025	1/31/2024	1/31/2023	1/31/2022
Net Change in Cash & Equivalents	-2.17	-6.46	-102	92
Net Cash From Operating Activities	70	-32	11	159
Net Cash From Continuing Operating Activities	70	-33	6.20	184
Net Income / (Loss) Continuing Operations	-37	112	102	66
Consolidated Net Income / (Loss)	-37	112	102	66
Depreciation Expense	39	31	25	22
Non-Cash Adjustments To Reconcile Net Income	-58	378	20	25
Changes in Operating Assets and Liabilities, net	126	-555	-141	71
Net Cash From Investing Activities	-48	-163	-134	-55
Net Cash From Continuing Investing Activities	-48	-163	-134	-55
Purchase of Property, Plant & Equipment	-52	-62	-9.99	-15
Acquisitions	-0.26	-108	-100	-34
Sale of Property, Plant & Equipment	4.16	7.13	3.76	16
Other Investing Activities, net	0.20	-0.60	-27	-23
Net Cash From Financing Activities	-24	189	22	-35
Net Cash From Continuing Financing Activities	-24	189	22	-35
Repayment of Debt	-23	-14	-8.79	-10
Issuance of Debt	37	20	8.42	10
Other Financing Activities, net	-38	183	22	-35
Effect of Exchange Rate Changes	-1.09	1.23	-	-
Cash Interest Paid	48	19	6.52	5.40
Cash Income Taxes Paid	6.56	40	27	23

This table details how cash moves in and out of Titan Machinery's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Change in Cash & Equivalents	34	-29	-4.47	-2.38	-33	10	14	-5.56	-1.94	-96	-5.04
Net Cash From Operating Activities	126	-8.83	-15	-32	50	41	-45	-78	18	14	-26
Net Cash From Continuing Operating Activities	148	-30	-15	-32	49	34	-45	-78	13	14	-26
Net Income / (Loss) Continuing Operations	-44	1.71	-4.31	9.44	24	30	31	27	18	41	25
Consolidated Net Income / (Loss)	-44	1.71	-4.31	9.44	24	30	31	27	18	41	25
Depreciation Expense	9.91	10	9.70	8.72	8.61	8.23	7.69	6.95	6.84	7.37	5.76
Non-Cash Adjustments To Reconcile Net Income	-148	-135	128	97	95	120	67	89	-69	-23	58
Changes in Operating Assets and Liabilities, net	330	93	-149	-147	-78	-125	-151	-200	57	-12	-115
Net Cash From Investing Activities	-18	-7.97	-8.56	-13	-99	-13	-24	-26	-10	-103	-8.79
Net Cash From Continuing Investing Activities	-18	-7.97	-8.56	-13	-99	-13	-24	-26	-10	-103	-8.79
Purchase of Property, Plant & Equipment	-21	-8.26	-8.81	-14	-20	-2.46	-1.36	-1.33	-1.39	-2.58	-0.91
Sale of Property, Plant & Equipment	2.67	0.29	0.25	0.95	0.68	0.42	3.18	2.85	1.65	0.48	0.79
Other Investing Activities, net	0.07	-0.00	-0.00	0.13	0.05	-11	-16	-10	-10	-8.34	-8.68
Net Cash From Financing Activities	-95	8.56	19	43	18	-12	84	98	-12	-5.23	32
Net Cash From Continuing Financing Activities	-95	8.56	19	43	18	-12	84	98	-12	-5.23	32
Repayment of Debt	-3.76	-2.91	-13	-3.36	-2.36	-2.10	-5.51	-4.20	-2.50	-1.73	-2.14
Issuance of Debt	25	12	-	0.00	12	1.22	1.37	5.13	-	-	-
Other Financing Activities, net	-116	-0.98	33	46	8.80	-11	88	97	-9.88	-3.50	34
Effect of Exchange Rate Changes	-1.11	0.44	-0.22	-0.21	-0.68	-	-	-	-	-	-
Cash Interest Paid	14	12	12	9.46	8.90	5.10	3.29	2.09	1.92	1.74	1.47
Cash Income Taxes Paid	0.68	-0.83	5.67	1.04	11	14	15	0.08	11	4.60	11

This table presents Titan Machinery's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022
Period end date	1/31/2025	1/31/2024	1/31/2023	1/31/2022
Total Assets	1,814	1,992	1,189	947
Total Current Assets	1,293	1,519	869	690
Cash & Equivalents	36	38	44	146
Accounts Receivable	120	154	96	94
Inventories, net	1,109	1,303	704	422
Prepaid Expenses	28	24	26	28
Plant, Property, & Equipment, net	380	299	218	178
Total Noncurrent Assets	142	174	102	78
Goodwill	61	64	31	8.95
Intangible Assets	48	53	18	11
Noncurrent Deferred & Refundable Income Taxes	2.55	0.53	1.25	1.33
Other Noncurrent Operating Assets	30	56	51	57
Total Liabilities & Shareholders' Equity	1,814	1,992	1,189	947
Total Liabilities	1,200	1,335	652	511
Total Current Liabilities	961	1,152	498	375
Short-Term Debt	11	14	17	5.88
Accounts Payable	37	44	41	26
Current Deferred Revenue	92	116	120	134
Current Deferred & Payable Income Tax Liabilities	0.00	0.00	0.00	4.70
Other Current Liabilities	821	905	320	204
Total Noncurrent Liabilities	239	182	154	137
Long-Term Debt	158	106	90	75
Noncurrent Deferred & Payable Income Tax Liabilities	8.82	23	9.56	2.01
Other Noncurrent Operating Liabilities	72	53	6.21	60
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	614	658	536	435
Total Preferred & Common Equity	614	658	536	435
Total Common Equity	614	658	536	435
Common Stock	262	259	257	254
Retained Earnings	360	397	285	183
Accumulated Other Comprehensive Income / (Loss)	-8.33	1.76	-5.02	-2.17

This table presents Titan Machinery's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023
Period end date	10/31/2024	7/31/2024	4/30/2024	10/31/2023	7/31/2023	4/30/2023	10/31/2022	7/31/2022	4/30/2022
Total Assets	2,109	2,221	2,088	1,650	1,517	1,378	1,125	1,078	1,010
Total Current Assets	1,597	1,709	1,615	1,286	1,165	1,044	804	813	748
Cash & Equivalents	23	31	36	70	53	38	46	142	147
Accounts Receivable	140	132	134	129	120	131	112	96	85
Inventories, net	1,413	1,528	1,430	1,071	979	854	630	556	494
Prepaid Expenses	20	18	15	15	14	20	16	18	22
Plant, Property, & Equipment, net	357	357	304	267	252	234	216	189	183
Total Noncurrent Assets	156	154	168	97	99	101	105	76	78
Goodwill	64	63	63	31	31	31	32	9.54	9.54
Intangible Assets	52	51	51	18	18	18	17	11	12
Noncurrent Deferred & Refundable Income Taxes	0.54	0.51	0.52	4.97	3.77	2.17	2.94	2.24	2.30
Other Noncurrent Operating Assets	39	39	54	43	46	49	53	53	55
Total Liabilities & Shareholders' Equity	2,109	2,221	2,088	1,650	1,517	1,378	1,125	1,078	1,010
Total Liabilities	1,441	1,561	1,425	1,024	920	814	613	604	559
Total Current Liabilities	1,212	1,343	1,248	885	778	660	463	460	417
Short-Term Debt	9.50	9.94	25	21	11	7.48	6.90	6.65	6.27
Accounts Payable	45	40	48	38	41	43	43	28	27
Accrued Expenses	59	59	65	71	49	48	57	43	47
Current Deferred Revenue	42	58	85	44	63	98	57	92	130
Current Deferred & Payable Income Tax Liabilities	0.00	0.00	0.00	5.62	7.87	11	16	6.29	9.46
Other Current Liabilities	1,056	1,176	1,025	706	605	453	283	284	198
Total Noncurrent Liabilities	229	218	177	139	142	154	151	144	141
Long-Term Debt	131	117	105	88	87	93	91	87	82
Noncurrent Deferred & Payable Income Tax Liabilities	20	22	22	9.56	9.57	9.57	1.97	1.99	2.00
Other Noncurrent Operating Liabilities	78	79	2.46	2.66	46	51	58	55	57
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	668	660	663	626	597	564	511	474	451
Total Preferred & Common Equity	668	660	663	626	597	564	511	474	451
Total Common Equity	668	660	663	626	597	564	511	474	451
Common Stock	261	260	259	258	257	256	256	255	254
Retained Earnings	404	402	407	373	343	312	267	225	200
Accumulated Other Comprehensive Income / (Loss)	3.11	-2.71	-2.77	-5.31	-3.37	-3.92	-11	-6.33	-3.36

This table displays calculated financial ratios and metrics derived from Titan Machinery's official financial filings.

Metric	2025	2024	2023	2022
Period end date	1/31/2025	1/31/2024	1/31/2023	1/31/2022
Growth Metrics	-	-	-	-
Revenue Growth	-2.04%	24.86%	29.06%	21.31%
EBITDA Growth	-81.13%	21.65%	45.86%	86.18%
EBIT Growth	-100.10%	21.07%	53.53%	144.14%
NOPAT Growth	-97.77%	20.64%	52.01%	191.11%
Net Income Growth	-132.83%	10.38%	54.24%	241.22%
EPS Growth	-133.06%	9.80%	53.77%	239.53%
Operating Cash Flow Growth	317.75%	-398.45%	-93.19%	-8.14%
Free Cash Flow Firm Growth	-109.11%	84.05%	-528.41%	17.07%
Invested Capital Growth	0.78%	23.68%	75.27%	8.17%
Revenue Q/Q Growth	-3.30%	10.81%	3.53%	4.32%
EBITDA Q/Q Growth	-69.44%	10.15%	-1.90%	25.09%
EBIT Q/Q Growth	-100.19%	10.95%	-2.92%	33.39%
NOPAT Q/Q Growth	-95.74%	8.68%	-3.68%	45.95%
Net Income Q/Q Growth	-219.79%	5.49%	-4.07%	48.77%
EPS Q/Q Growth	-222.56%	5.34%	-4.06%	47.47%
Operating Cash Flow Q/Q Growth	1,195.90%	49.65%	-86.40%	-13.85%
Free Cash Flow Firm Q/Q Growth	82.01%	-15.31%	-210.80%	22.95%
Invested Capital Q/Q Growth	-4.91%	13.98%	15.01%	-7.39%
Profitability Metrics	-	-	-	-
Gross Margin	14.64%	19.26%	19.91%	19.44%
EBITDA Margin	1.42%	7.38%	7.58%	6.70%
Operating Margin	0.15%	6.12%	6.26%	5.27%
EBIT Margin	-0.01%	6.24%	6.44%	5.41%
Profit (Net Income) Margin	-1.37%	4.08%	4.61%	3.86%
Tax Burden Percent	73.84%	74.44%	75.32%	76.00%
Interest Burden Percent	29,402.94%	87.74%	95.12%	93.83%
Effective Tax Rate	0.00%	25.56%	24.68%	24.00%
Return on Invested Capital (ROIC)	0.38%	17.35%	20.48%	19.27%
ROIC Less NNEP Spread (ROIC-NNEP)	-36.36%	6.97%	10.41%	24.52%
Return on Net Nonoperating Assets (RNNOA)	-6.18%	1.49%	0.49%	-2.89%
Return on Equity (ROE)	-5.80%	18.84%	20.97%	16.38%
Cash Return on Invested Capital (CROIC)	-0.40%	-3.83%	-34.21%	11.42%
Operating Return on Assets (OROA)	-0.01%	10.82%	13.32%	10.51%
Return on Assets (ROA)	-1.94%	7.07%	9.54%	7.49%
Return on Common Equity (ROCE)	-5.80%	18.84%	20.97%	16.38%
Return on Equity Simple (ROE_SIMPLE)	-6.01%	17.10%	18.99%	15.18%
Net Operating Profit after Tax (NOPAT)	2.81	126	104	69
NOPAT Margin	0.10%	4.56%	4.72%	4.00%
Net Nonoperating Expense Percent (NNEP)	36.73%	10.38%	10.06%	-5.25%
Return On Investment Capital (ROIC_SIMPLE)	0.36%	-	-	-
Cost of Revenue to Revenue	85.36%	80.74%	80.09%	80.56%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.49%	13.14%	13.65%	14.17%
Earnings before Interest and Taxes (EBIT)	-0.17	172	142	93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	38	204	167	115
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.71	0.93	1.86	1.60
Price to Tangible Book Value (P/TBV)	0.86	1.13	2.05	1.67
Price to Revenue (P/Rev)	0.16	0.22	0.45	0.41
Price to Earnings (P/E)	0.00	5.43	9.79	10.53
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	18.41%	10.21%	9.49%
Enterprise Value to Invested Capital (EV/IC)	0.76	0.94	1.71	1.70
Enterprise Value to Revenue (EV/Rev)	0.21	0.27	0.50	0.37
Enterprise Value to EBITDA (EV/EBITDA)	14.72	3.71	6.63	5.49
Enterprise Value to EBIT (EV/EBIT)	0.00	4.38	7.80	6.81
Enterprise Value to NOPAT (EV/NOPAT)	201.63	6.00	10.65	9.20
Enterprise Value to Operating Cash Flow (EV/OCF)	8.05	0.00	102.57	3.97
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	15.51
Leverage & Solvency	-	-	-	-
Debt to Equity	0.27	0.28	0.29	0.19
Long-Term Debt to Equity	0.26	0.24	0.26	0.17
Financial Leverage	0.17	0.21	0.05	-0.12
Leverage Ratio	2.99	2.66	2.20	2.19
Compound Leverage Factor	880.02	2.34	2.09	2.05
Debt to Total Capital	21.55%	21.66%	22.48%	15.63%
Short-Term Debt to Total Capital	1.40%	2.91%	2.47%	1.14%
Long-Term Debt to Total Capital	20.16%	18.75%	20.01%	14.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	78.45%	78.34%	77.52%	84.37%
Debt to EBITDA	4.39	0.89	0.93	0.70
Net Debt to EBITDA	3.46	0.71	0.67	-0.57
Long-Term Debt to EBITDA	4.11	0.77	0.83	0.65
Debt to NOPAT	60.13	1.45	1.49	1.18
Net Debt to NOPAT	47.33	1.14	1.07	-0.96
Long-Term Debt to NOPAT	56.23	1.25	1.33	1.09
Altman Z-Score	2.20	2.44	3.88	3.62
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	1.35	1.32	1.75	1.84
Quick Ratio	0.16	0.17	0.28	0.64
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2.97	-28	-174	41
Operating Cash Flow to CapEx	147.41%	-58.45%	173.39%	0.00%
Free Cash Flow to Firm to Interest Expense	-0.06	-1.32	-25.07	7.11
Operating Cash Flow to Interest Expense	1.41	-1.53	1.56	27.82
Operating Cash Flow Less CapEx to Interest Expense	0.45	-4.15	0.66	28.08
Efficiency Ratios	-	-	-	-
Asset Turnover	1.42	1.73	2.07	1.94
Accounts Receivable Turnover	19.76	22.11	23.24	20.95
Inventory Turnover	1.91	2.22	3.14	3.28
Fixed Asset Turnover	7.97	10.68	11.16	10.52
Accounts Payable Turnover	56.94	52.60	53.23	60.37
Days Sales Outstanding (DSO)	18.47	16.51	15.71	17.42
Days Inventory Outstanding (DIO)	190.82	164.46	116.10	111.18
Days Payable Outstanding (DPO)	6.41	6.94	6.86	6.05
Cash Conversion Cycle (CCC)	202.88	174.03	124.95	122.55
Capital & Investment Metrics	-	-	-	-
Invested Capital	747	801	648	370
Invested Capital Turnover	3.63	3.81	4.34	4.81
Increase / (Decrease) in Invested Capital	5.77	153	278	28
Enterprise Value (EV)	566	755	1,109	630
Market Capitalization	433	611	998	696
Book Value per Share	$26.55	$28.78	$23.62	$19.26
Tangible Book Value per Share	$21.82	$23.64	$21.46	$18.40
Total Capital	783	839	692	516
Total Debt	169	182	156	81
Total Long-Term Debt	158	157	138	75
Net Debt	133	144	112	-66
Capital Expenditures (CapEx)	48	55	6.24	-1.45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	307	353	344	175
Debt-free Net Working Capital (DFNWC)	343	391	388	321
Net Working Capital (NWC)	332	367	371	316
Net Nonoperating Expense (NNE)	40	13	2.32	2.49
Net Nonoperating Obligations (NNO)	133	144	112	-66
Total Depreciation and Amortization (D&A)	39	31	25	22
Debt-free, Cash-free Net Working Capital to Revenue	11.35%	12.80%	15.58%	10.24%
Debt-free Net Working Capital to Revenue	12.68%	14.18%	17.57%	18.78%
Net Working Capital to Revenue	12.27%	13.29%	16.80%	18.44%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	($1.63)	$4.93	$4.50	$2.93
Adjusted Weighted Average Basic Shares Outstanding	22.61M	22.49M	22.37M	22.24M
Adjusted Diluted Earnings per Share	($1.63)	$4.93	$4.49	$2.92
Adjusted Weighted Average Diluted Shares Outstanding	22.61M	22.50M	22.38M	22.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.12M	22.85M	22.70M	22.59M
Normalized Net Operating Profit after Tax (NOPAT)	4.10	126	104	70
Normalized NOPAT Margin	0.15%	4.56%	4.72%	4.07%
Pre Tax Income Margin	-1.85%	5.48%	6.12%	5.08%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	0.00	8.16	20.48	16.21
NOPAT to Interest Expense	0.06	5.96	15.00	12.00
EBIT Less CapEx to Interest Expense	-0.96	5.54	19.58	16.47
NOPAT Less CapEx to Interest Expense	-0.90	3.34	14.11	12.25
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Titan Machinery's official financial filings.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.82%	-2.06%	-1.38%	10.37%	46.17%	3.79%	29.41%	23.56%	14.85%	47.31%	31.49%
EBITDA Growth	-169.57%	-54.21%	-65.27%	-30.96%	57.34%	-15.13%	30.79%	48.50%	-9.00%	78.04%	80.07%
EBIT Growth	-206.66%	-68.35%	-80.79%	-41.27%	65.66%	-18.63%	30.35%	51.73%	-14.17%	87.45%	103.18%
NOPAT Growth	-210.29%	106.84%	-67.21%	-41.15%	51.80%	-16.43%	31.85%	55.35%	-17.23%	84.68%	115.48%
Net Income Growth	-282.63%	-94.33%	-113.74%	-64.99%	32.30%	-26.82%	25.49%	53.73%	-19.27%	89.11%	121.88%
EPS Growth	-284.62%	-94.70%	-113.77%	-65.55%	31.65%	-27.47%	25.45%	52.56%	-19.39%	87.63%	120.00%
Operating Cash Flow Growth	154.08%	-121.73%	66.63%	58.36%	177.33%	194.04%	-71.24%	-1,560.33%	-79.28%	-68.39%	-1,737.01%
Free Cash Flow Firm Growth	40.96%	89.61%	44.42%	21.42%	51.99%	14.38%	-3,950.93%	-1,268.08%	-5,324.93%	-1,555.80%	78.07%
Invested Capital Growth	0.78%	11.71%	17.57%	28.45%	23.68%	24.80%	50.96%	59.59%	75.27%	41.13%	7.59%
Revenue Q/Q Growth	11.78%	7.28%	0.79%	-26.22%	22.77%	8.02%	12.80%	-2.29%	-12.83%	34.69%	7.71%
EBITDA Q/Q Growth	-244.28%	34.93%	-40.69%	-39.75%	-5.05%	2.35%	17.90%	37.30%	-48.78%	57.73%	33.87%
EBIT Q/Q Growth	-414.24%	67.25%	-60.99%	-47.97%	-6.76%	1.55%	19.23%	46.75%	-54.21%	62.68%	38.79%
NOPAT Q/Q Growth	-144.92%	547.32%	-33.92%	-42.60%	-15.76%	2.62%	18.58%	48.09%	-53.63%	61.90%	39.72%
Net Income Q/Q Growth	-2,654.64%	139.80%	-145.59%	-60.60%	-20.64%	-3.60%	16.15%	48.88%	-56.10%	65.30%	42.30%
EPS Q/Q Growth	-2,842.86%	136.84%	-146.34%	-60.58%	-21.21%	-4.35%	15.97%	50.63%	-56.59%	65.45%	41.03%
Operating Cash Flow Q/Q Growth	1,532.78%	41.20%	53.60%	-164.99%	22.51%	190.32%	42.10%	-532.89%	29.89%	152.60%	-593.78%
Free Cash Flow Firm Q/Q Growth	-245.93%	89.26%	37.00%	-29.89%	-18.21%	42.55%	10.93%	20.64%	-110.84%	-2,618.11%	69.92%
Invested Capital Q/Q Growth	-4.91%	4.03%	-6.20%	0.43%	13.98%	9.49%	2.48%	-3.30%	15.01%	32.45%	8.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	6.71%	16.25%	17.73%	19.37%	16.55%	19.93%	20.76%	20.82%	18.67%	20.87%	20.68%
EBITDA Margin	-4.71%	3.65%	2.90%	4.93%	6.04%	7.81%	8.24%	7.89%	5.61%	9.55%	8.16%
Operating Margin	-6.03%	1.69%	2.49%	3.59%	4.78%	6.66%	6.95%	6.54%	4.32%	8.18%	6.82%
EBIT Margin	-6.02%	2.14%	1.37%	3.55%	5.03%	6.63%	7.05%	6.67%	4.44%	8.45%	7.00%
Profit (Net Income) Margin	-5.76%	0.25%	-0.68%	1.50%	2.81%	4.35%	4.87%	4.73%	3.11%	6.17%	5.03%
Tax Burden Percent	74.43%	622.91%	101.27%	73.84%	71.40%	74.64%	75.31%	76.09%	76.01%	75.45%	75.29%
Interest Burden Percent	128.56%	1.89%	-48.84%	57.31%	78.26%	87.96%	91.83%	93.30%	92.06%	96.74%	95.41%
Effective Tax Rate	0.00%	-522.91%	0.00%	26.16%	28.60%	25.36%	24.69%	23.91%	23.99%	24.55%	24.71%
Return on Invested Capital (ROIC)	-15.32%	39.41%	7.00%	10.45%	12.98%	19.54%	24.16%	22.64%	14.26%	27.37%	24.02%
ROIC Less NNEP Spread (ROIC-NNEP)	-26.15%	-32.21%	-14.77%	3.37%	8.99%	12.88%	157.77%	-52.10%	9.77%	27.21%	26.41%
Return on Net Nonoperating Assets (RNNOA)	-4.45%	-4.84%	-1.66%	0.56%	1.92%	1.47%	-0.51%	-0.19%	0.46%	1.11%	-1.38%
Return on Equity (ROE)	-19.77%	34.57%	5.34%	11.01%	14.91%	21.01%	23.65%	22.45%	14.72%	28.48%	22.63%
Cash Return on Invested Capital (CROIC)	-0.40%	-2.21%	-3.27%	-8.98%	-3.83%	-3.80%	-17.68%	-23.49%	-34.21%	-11.64%	14.43%
Operating Return on Assets (OROA)	-8.55%	3.18%	2.06%	5.77%	8.73%	11.89%	13.39%	12.94%	9.19%	18.22%	14.01%
Return on Assets (ROA)	-8.18%	0.37%	-1.02%	2.44%	4.88%	7.81%	9.26%	9.19%	6.43%	13.30%	10.06%
Return on Common Equity (ROCE)	-19.77%	34.57%	5.34%	11.01%	14.91%	21.01%	23.65%	22.45%	14.72%	28.48%	22.63%
Return on Equity Simple (ROE_SIMPLE)	0.00%	4.61%	8.99%	14.32%	0.00%	17.03%	19.72%	19.73%	0.00%	20.77%	18.29%
Net Operating Profit after Tax (NOPAT)	-32	71	11	17	29	35	34	28	19	41	26
NOPAT Margin	-4.22%	10.50%	1.74%	2.65%	3.41%	4.97%	5.23%	4.98%	3.28%	6.17%	5.14%
Net Nonoperating Expense Percent (NNEP)	10.82%	71.63%	21.77%	7.07%	4.00%	6.66%	-133.61%	74.74%	4.49%	0.16%	-2.39%
Return On Investment Capital (ROIC_SIMPLE)	-4.10%	-	-	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	93.29%	83.75%	82.27%	80.63%	83.45%	80.07%	79.24%	79.18%	81.33%	79.13%	79.32%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.74%	14.57%	15.25%	15.77%	11.77%	13.27%	13.81%	14.28%	14.35%	12.69%	13.86%
Earnings before Interest and Taxes (EBIT)	-46	15	8.70	22	43	46	45	38	26	57	35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-36	25	18	31	51	54	53	45	33	64	41
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.71	0.48	0.62	0.77	0.93	0.91	1.21	1.26	1.86	1.52	1.34
Price to Tangible Book Value (P/TBV)	0.86	0.57	0.75	0.93	1.13	0.99	1.32	1.38	2.05	1.68	1.40
Price to Revenue (P/Rev)	0.16	0.11	0.14	0.18	0.22	0.23	0.29	0.31	0.45	0.36	0.33
Price to Earnings (P/E)	0.00	10.30	6.86	5.36	5.43	5.33	6.15	6.39	9.79	7.31	7.32
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	9.71%	14.57%	18.66%	18.41%	18.77%	16.26%	15.64%	10.21%	13.69%	13.66%
Enterprise Value to Invested Capital (EV/IC)	0.76	0.55	0.67	0.81	0.94	0.92	1.20	1.24	1.71	1.47	1.38
Enterprise Value to Revenue (EV/Rev)	0.21	0.16	0.18	0.23	0.27	0.26	0.31	0.33	0.50	0.39	0.31
Enterprise Value to EBITDA (EV/EBITDA)	14.72	3.46	3.24	3.43	3.71	3.49	3.95	4.25	6.63	4.85	4.11
Enterprise Value to EBIT (EV/EBIT)	0.00	4.91	4.19	4.16	4.38	4.16	4.64	4.99	7.80	5.65	4.88
Enterprise Value to NOPAT (EV/NOPAT)	201.63	6.60	5.58	5.71	6.00	5.58	6.28	6.77	10.65	7.65	6.57
Enterprise Value to Operating Cash Flow (EV/OCF)	8.05	0.00	11.67	49.80	0.00	0.00	0.00	0.00	102.57	10.41	5.36
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.89
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.27	0.21	0.19	0.27	0.28	0.24	0.16	0.18	0.29	0.19	0.20
Long-Term Debt to Equity	0.26	0.20	0.18	0.23	0.24	0.20	0.15	0.17	0.26	0.18	0.18
Financial Leverage	0.17	0.15	0.11	0.17	0.21	0.11	0.00	0.00	0.05	0.04	-0.05
Leverage Ratio	2.99	2.91	2.98	2.83	2.66	2.44	2.42	2.35	2.20	2.14	2.21
Compound Leverage Factor	3.85	0.05	-1.45	1.62	2.09	2.15	2.23	2.19	2.02	2.07	2.11
Debt to Total Capital	21.55%	17.39%	16.10%	21.17%	21.66%	19.05%	14.14%	15.18%	22.48%	16.08%	16.42%
Short-Term Debt to Total Capital	1.40%	1.17%	1.26%	2.95%	2.91%	2.71%	1.61%	1.13%	2.47%	1.13%	1.17%
Long-Term Debt to Total Capital	20.16%	16.21%	14.84%	18.22%	18.75%	16.33%	12.53%	14.05%	20.01%	14.95%	15.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	78.45%	82.61%	83.90%	78.83%	78.34%	80.95%	85.86%	84.82%	77.52%	83.92%	83.58%
Debt to EBITDA	4.39	1.12	0.82	0.94	0.89	0.80	0.50	0.55	0.93	0.57	0.65
Net Debt to EBITDA	3.46	0.93	0.61	0.75	0.71	0.42	0.23	0.34	0.67	0.31	-0.34
Long-Term Debt to EBITDA	4.11	1.04	0.75	0.81	0.77	0.68	0.45	0.51	0.83	0.53	0.61
Debt to NOPAT	60.13	2.14	1.41	1.56	1.45	1.27	0.80	0.88	1.49	0.91	1.04
Net Debt to NOPAT	47.33	1.78	1.06	1.25	1.14	0.67	0.37	0.55	1.07	0.48	-0.55
Long-Term Debt to NOPAT	56.23	1.99	1.30	1.34	1.25	1.09	0.71	0.82	1.33	0.84	0.97
Altman Z-Score	2.12	1.97	1.89	2.08	2.23	2.54	2.82	2.95	3.56	3.52	3.20
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.35	1.32	1.27	1.29	1.32	1.45	1.50	1.58	1.75	1.74	1.77
Quick Ratio	0.16	0.14	0.12	0.14	0.17	0.23	0.22	0.26	0.28	0.34	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-38	-11	-102	-162	-124	-105	-183	-206	-259	-123	-4.52
Operating Cash Flow to CapEx	688.28%	-110.75%	-175.34%	-253.26%	252.00%	1,989.91%	0.00%	0.00%	0.00%	658.36%	-22,456.41%
Free Cash Flow to Firm to Interest Expense	-2.90	-0.77	-7.86	-16.97	-13.34	-19.00	-49.53	-80.76	-126.09	-66.61	-2.84
Operating Cash Flow to Interest Expense	9.68	-0.62	-1.16	-3.40	5.34	7.34	-12.17	-30.52	8.73	7.49	-16.48
Operating Cash Flow Less CapEx to Interest Expense	8.28	-1.18	-1.82	-4.74	3.22	6.97	-11.67	-29.92	8.86	6.35	-16.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.42	1.49	1.50	1.63	1.73	1.79	1.90	1.94	2.07	2.16	2.00
Accounts Receivable Turnover	19.76	20.72	22.33	21.23	22.11	20.64	22.80	21.45	23.24	21.59	21.51
Inventory Turnover	1.91	1.86	1.83	2.00	2.22	2.34	2.56	2.74	3.14	3.28	3.13
Fixed Asset Turnover	7.97	8.95	9.22	10.47	10.68	10.31	11.17	11.11	11.16	10.91	10.92
Accounts Payable Turnover	56.94	55.83	56.19	50.27	52.60	48.92	56.42	52.80	53.23	50.52	62.91
Days Sales Outstanding (DSO)	18.47	17.61	16.34	17.19	16.51	17.69	16.01	17.02	15.71	16.91	16.97
Days Inventory Outstanding (DIO)	190.82	196.37	199.36	182.57	164.46	156.03	142.75	133.14	116.10	111.40	116.47
Days Payable Outstanding (DPO)	6.41	6.54	6.50	7.26	6.94	7.46	6.47	6.91	6.86	7.23	5.80
Cash Conversion Cycle (CCC)	202.88	207.45	209.21	192.51	174.03	166.26	152.28	143.24	124.95	121.09	127.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	747	785	755	805	801	703	642	627	648	563	425
Invested Capital Turnover	3.63	3.75	4.02	3.94	3.81	3.93	4.62	4.55	4.34	4.43	4.68
Increase / (Decrease) in Invested Capital	5.77	82	113	178	153	140	217	234	278	164	30
Enterprise Value (EV)	566	435	502	651	755	645	769	774	1,109	828	586
Market Capitalization	433	317	407	509	611	568	724	712	998	776	635
Book Value per Share	$26.55	$28.89	$28.91	$29.00	$28.78	$27.37	$26.32	$24.85	$23.62	$22.66	$21.02
Tangible Book Value per Share	$21.82	$23.88	$23.90	$24.00	$23.64	$25.21	$24.14	$22.69	$21.46	$20.49	$20.08
Total Capital	783	809	786	841	839	773	695	665	692	609	567
Total Debt	169	141	127	178	182	147	98	101	156	98	93
Total Long-Term Debt	158	131	117	153	157	126	87	93	138	91	87
Net Debt	133	117	95	142	144	77	45	63	112	52	-49
Capital Expenditures (CapEx)	18	7.97	8.56	13	20	2.04	-1.82	-1.52	-0.25	2.10	0.12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	307	371	344	356	353	351	346	352	344	302	217
Debt-free Net Working Capital (DFNWC)	343	394	376	392	391	421	399	391	388	348	360
Net Working Capital (NWC)	332	385	366	367	367	400	387	383	371	341	353
Net Nonoperating Expense (NNE)	12	70	15	7.24	5.10	4.31	2.30	1.39	1.04	0.03	0.54
Net Nonoperating Obligations (NNO)	133	117	95	142	144	77	45	63	112	52	-49
Total Depreciation and Amortization (D&A)	9.91	10	9.70	8.72	8.61	8.23	7.69	6.95	6.84	7.37	5.76
Debt-free, Cash-free Net Working Capital to Revenue	11.35%	13.27%	12.26%	12.65%	12.80%	14.11%	14.04%	15.21%	15.58%	14.15%	11.33%
Debt-free Net Working Capital to Revenue	12.68%	14.11%	13.37%	13.91%	14.18%	16.92%	16.18%	16.86%	17.57%	16.30%	18.73%
Net Working Capital to Revenue	12.27%	13.77%	13.02%	13.03%	13.29%	16.07%	15.73%	16.54%	16.80%	15.98%	18.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.92)	$0.07	($0.19)	$0.41	$1.04	$1.32	$1.38	$1.19	$0.80	$1.82	$1.10
Adjusted Weighted Average Basic Shares Outstanding	22.61M	22.63M	22.62M	22.54M	22.49M	22.51M	22.48M	22.44M	22.37M	22.39M	22.39M
Adjusted Diluted Earnings per Share	($1.92)	$0.07	($0.19)	$0.41	$1.04	$1.32	$1.38	$1.19	$0.79	$1.82	$1.10
Adjusted Weighted Average Diluted Shares Outstanding	22.61M	22.63M	22.62M	22.55M	22.50M	22.52M	22.48M	22.45M	22.38M	22.40M	22.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.12M	23.13M	23.13M	22.82M	22.85M	22.85M	22.86M	22.67M	22.70M	22.71M	22.57M
Normalized Net Operating Profit after Tax (NOPAT)	-32	8.20	12	17	29	35	34	28	19	41	26
Normalized NOPAT Margin	-4.22%	1.21%	1.90%	2.65%	3.41%	4.97%	5.23%	4.98%	3.28%	6.17%	5.14%
Pre Tax Income Margin	-7.74%	0.04%	-0.67%	2.03%	3.94%	5.83%	6.47%	6.22%	4.09%	8.18%	6.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.50	1.02	0.67	2.34	4.60	8.30	12.25	14.92	12.60	30.64	21.80
NOPAT to Interest Expense	-2.45	5.00	0.85	1.75	3.12	6.23	9.09	11.14	9.32	22.38	16.00
EBIT Less CapEx to Interest Expense	-4.91	0.46	0.01	1.00	2.48	7.93	12.74	15.52	12.72	29.50	21.72
NOPAT Less CapEx to Interest Expense	-3.86	4.44	0.19	0.41	1.00	5.86	9.58	11.73	9.44	21.24	15.93
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Titan Machinery's Financials

When does Titan Machinery's fiscal year end?

According to the most recent income statement we have on file, Titan Machinery's financial year ends in January. Their financial year 2025 ended on January 31, 2025.

How has Titan Machinery's net income changed over the last 3 years?

Titan Machinery's net income appears to be on a downward trend, with a most recent value of -$36.91 million in 2025, falling from $66.05 million in 2022. The previous period was $112.44 million in 2024. See Titan Machinery's forecast for analyst expectations on what’s next for the company.

What is Titan Machinery's operating income?

Titan Machinery's total operating income in 2025 was $4.01 million, based on the following breakdown:

Total Gross Profit: $395.63 million
Total Operating Expenses: $391.62 million

How has Titan Machinery revenue changed over the last 3 years?

Over the last 3 years, Titan Machinery's total revenue changed from $1.71 billion in 2022 to $2.70 billion in 2025, a change of 57.8%.

How much debt does Titan Machinery have?

Titan Machinery's total liabilities were at $1.20 billion at the end of 2025, a 10.1% decrease from 2024, and a 134.6% increase since 2022.

How much cash does Titan Machinery have?

In the past 3 years, Titan Machinery's cash and equivalents has ranged from $35.90 million in 2025 to $146.15 million in 2022, and is currently $35.90 million as of their latest financial filing in 2025.

How has Titan Machinery's book value per share changed over the last 3 years?

Over the last 3 years, Titan Machinery's book value per share changed from 19.26 in 2022 to 26.55 in 2025, a change of 37.8%.

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This page (NASDAQ:TITN) was last updated on 5/30/2025 by MarketBeat.com Staff

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Titan Machinery (TITN) Financials

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