Titan Machinery Inc

Titan Machinery Inc

TITN · NASDAQ · Industrials / Industrial Distribution

22.57USD-0.81 (-3.46%)

Price History

Full chart

Market Stats

Previous Close23.38
Open23.52
Day Range22.40 – 23.52
52-Week Range13.21 – 26.90
Volume84.10K
Market Cap552.32M
P/E (TTM)0.00
Forward P/E44.05
EPS-2.48
Dividend Yield0.00%
Beta1.44
50-Day Avg20.68
200-Day Avg19.12

About

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. The company operates through four segments: Agriculture, Construction, Europe, and Australia. It sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers. The company offers agricultural equipment, including machinery and attachments for use in the production of food, fiber, feed grain, feedstock, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties. It also provides construction equipment, such as heavy construction machinery, light industrial machinery for commercial and residential construction, and road and highway construction machinery. In addition, the company offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers, as well as sells maintenance and replacement parts. Further, the company rents equipment; and provides ancillary equipment support services, such as equipment transportation, global positioning system signal subscriptions and other precision farming products, farm data management products, and finance and insurance products. It operates in Colorado, Idaho, Iowa, Kansas, Minnesota, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming, the United States; Bulgaria, Germany, Romania, and Ukraine, Europe; and New South Wales, South Australia, and Victoria, and Australia. The company was founded in 1980 and is headquartered in West Fargo, North Dakota.

Company Details

  • SectorIndustrials
  • IndustryIndustrial Distribution
  • CEOMr. Bryan J. Knutson
  • Employees3.11K
  • Headquarters644 East Beaton Drive, West Fargo, ND, United States, 58078-2648, USA
  • Websitehttps://www.titanmachinery.com

Leadership

  • Mr. David Joseph MeyerChairman of the Board & Co-Founder · b. 1953
  • Mr. Bryan J. KnutsonPresident, CEO & Director · b. 1978
  • Mr. Robert LarsenCFO & Treasurer · b. 1986
  • Mr. Jason AndersonVice President of Human Resources & Administration
  • Mr. Dale Shook ESQ.General Counsel, Compliance Officer & Corporate Secretary
  • Mr. Aaron CordyManaging Director of Australia

Financials

Income Statement

Currency: USD2003-01-312004-01-312005-01-312006-01-312007-01-312008-01-312009-01-312010-01-312011-01-312012-01-312013-01-312014-01-312015-01-312016-01-312017-01-312018-01-312019-01-312020-01-312021-01-312022-01-312023-01-312024-01-312025-01-312026-01-31
Total Revenue66.56M97.45M162.18M228.47M292.60M432.97M690.44M838.78M1.09B1.66B2.20B2.23B1.90B1.37B1.21B1.20B1.26B1.31B1.41B1.71B2.21B2.76B2.70B2.43B
Growth (%)-+46.42%+66.42%+40.87%+28.07%+47.97%+59.46%+21.49%+30.49%+51.58%+32.52%+1.27%-14.65%-28.02%-11.31%-0.84%+4.87%+3.46%+8.13%+21.31%+29.06%+24.86%-2.04%-10.18%
Cost of Revenue54.19M79.27M-193.76M243.99M360.92M570.57M697.69M919.92M1.38B1.86B1.88B1.59B1.16B999.35M987.64M1.03B1.05B1.15B1.38B1.77B2.23B2.31B2.04B
Gross Profit12.37M18.19M162.18M34.71M48.61M72.05M119.87M141.09M174.57M275.46M339.36M348.07M308.38M205.91M213.73M215.30M231.59M250.82M261.36M332.72M439.84M531.35M395.63M382.56M
Gross Margin18.58%18.66%100.00%15.19%16.61%16.64%17.36%16.82%15.95%16.60%15.44%15.63%16.23%15.05%17.62%17.90%18.36%19.22%18.52%19.44%19.91%19.26%14.64%15.76%
Operating Expense11.13M16.61M026.98M37.40M53.19M86.94M109.00M130.54M193.86M247.56M301.20M307.66M229.02M216.10M214.38M204.11M229.49M223.95M242.54M301.52M362.51M389.78M385.24M
Operating Income1.24M1.58M162.18M7.73M11.21M18.86M32.93M32.10M44.03M81.60M91.80M46.88M723.00K-23.11M-2.37M925.00K27.48M21.33M37.41M90.18M138.32M168.84M5.85M-2.68M
Operating Margin1.86%1.62%100.00%3.39%3.83%4.36%4.77%3.83%4.02%4.92%4.18%2.11%0.04%-1.69%-0.20%0.08%2.18%1.63%2.65%5.27%6.26%6.12%0.22%-0.11%
EBITDA1.24M1.58M162.18M9.02M13.33M18.13M39.06M41.89M54.79M98.51M116.92M87.67M32.49M5.43M27.23M37.20M53.66M64.16M73.17M124.63M163.52M200.32M42.61M35.24M
EBITDA Margin1.86%1.62%100.00%3.95%4.56%4.19%5.66%4.99%5.01%5.94%5.32%3.94%1.71%0.40%2.24%3.09%4.25%4.92%5.19%7.28%7.40%7.26%1.58%1.45%
Net Income416.00K164.00K1.27M2.73M3.64M5.21M18.07M15.74M22.34M44.16M42.47M8.85M-32.16M-37.89M-14.18M-7.05M12.18M13.95M19.36M66.05M101.87M110.92M-36.91M-54.17M
Net Income Margin0.63%0.17%0.78%1.20%1.24%1.20%2.62%1.88%2.04%2.66%1.93%0.40%-1.69%-2.77%-1.17%-0.59%0.97%1.07%1.37%3.86%4.61%4.02%-1.37%-2.23%
R&D---------00000000-------
R&D as % of Total Revenue---------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense001.69M3.37M5.47M6.29M3.97M6.95M8.58M9.67M22.76M30.55M39.06M33.10M21.86M17.00M13.87M9.81M7.18M5.71M6.94M21.11M53.99M43.08M
Interest Expense % of Total Revenue0.00%0.00%1.04%1.47%1.87%1.45%0.57%0.83%0.78%0.58%1.04%1.37%2.06%2.42%1.80%1.41%1.10%0.75%0.51%0.33%0.31%0.77%2.00%1.78%

Balance Sheet

Currency: USD2003-01-312004-01-312005-01-312006-01-312007-01-312008-01-312009-01-312010-01-312011-01-312012-01-312013-01-312014-01-312015-01-312016-01-312017-01-312018-01-312019-01-312020-01-312021-01-312022-01-312023-01-312024-01-312025-01-312026-01-31
Total Assets47.57M44.67M-105.08M138.87M239.37M410.25M514.81M648.85M1.09B1.44B1.56B1.35B1.05B771.42M760.31M792.44M975.34M815.79M946.67M1.19B1.99B1.81B1.62B
Total Liabilities42.06M39.98M-95.39M125.49M163.25M236.48M324.29M434.29M750.73M1.04B1.15B971.39M709.53M450.24M438.45M457.13M630.24M444.51M511.47M652.39M1.33B1.20B1.04B
Total Equity5.51M4.69M-9.69M13.38M76.12M173.77M190.52M214.56M336.34M396.51M408.77M376.50M337.56M321.18M321.86M335.31M345.10M371.28M435.20M536.31M657.64M614.08M579.30M
Cash1.68M1.94M-8.67M7.57M42.80M86.04M76.19M76.11M79.84M124.36M74.24M127.53M89.47M53.15M53.40M56.74M43.72M78.99M146.15M43.91M38.07M35.90M28.16M
Total Debt27.91M21.86M-81.09M111.06M125.88M188.91M278.94M358.42M614.59M882.24M977.15M834.47M618.89M361.34M346.36M348.16M523.99M306.49M290.24M413.93M1.07B1.00B826.00M
Net Debt26.23M19.92M-72.42M103.48M83.08M102.87M202.76M282.31M534.75M757.88M902.91M706.94M529.43M308.19M292.97M291.41M480.26M227.50M144.09M370.02M1.03B964.72M797.84M

Cash Flow

Currency: USD2005-01-312006-01-312007-01-312008-01-312009-01-312010-01-312011-01-312012-01-312013-01-312014-01-312015-01-312016-01-312017-01-312018-01-312019-01-312020-01-312021-01-312022-01-312023-01-312024-01-312025-01-312026-01-31
Operating Cash Flow-7.96M8.81M6.51M12.46M4.22M-47.66M-35.01M-182.19M-115.33M-82.24M41.06M231.88M141.00M95.81M46.60M955.00K173.00M158.92M10.82M-32.28M70.29M137.45M
Investing Cash Flow-2.09M-3.77M-13.96M-16.34M-87.28M25.73M-48.45M-66.63M-64.11M-7.08M4.40M-126.00K-9.13M-24.59M-25.83M-36.47M-20.30M-55.20M-134.06M-163.37M-47.75M-22.71M
Financing Cash Flow9.23M2.52M6.35M39.11M81.31M57.07M83.38M252.57M224.23M39.80M9.00M-268.96M-167.98M-71.47M-16.73M22.87M-117.94M-35.34M21.96M188.58M-23.62M-123.70M
Capital Expenditure1.59M1.22M1.99M6.50M42.75M19.66M49.04M69.87M71.71M23.86M17.60M8.41M12.43M26.11M11.95M25.02M20.09M37.63M37.21M62.36M51.84M22.36M
Free Cash Flow-9.55M7.59M4.52M5.96M-38.53M-67.32M-84.05M-252.06M-187.03M-106.10M23.46M223.47M128.57M69.70M34.65M-24.06M152.91M121.29M-26.39M-94.64M18.45M115.09M
Dividends Paid---441.03K---0000000--------
FCF to OCF119.95%86.17%69.45%47.80%-914.11%141.25%240.09%138.35%162.18%129.01%57.14%96.37%91.19%72.74%74.36%-2519.48%88.39%76.32%-244.04%293.19%26.24%83.73%
Dividend Paid to FCF---7.41%---0.00%0.00%0.00%0.00%0.00%0.00%0.00%--------

Earnings

Report DateJan 11, 2008Apr 28, 2008Jun 16, 2008Sep 15, 2008Dec 15, 2008Apr 16, 2009Jun 9, 2009Sep 9, 2009Dec 10, 2009Apr 15, 2010Jun 9, 2010Sep 8, 2010Dec 9, 2010Apr 18, 2011Jun 9, 2011Sep 8, 2011Dec 9, 2011Apr 11, 2012Jun 7, 2012Sep 10, 2012Dec 6, 2012Apr 10, 2013Jun 6, 2013Sep 5, 2013Dec 5, 2013Apr 10, 2014Jun 5, 2014Sep 9, 2014Dec 10, 2014Apr 15, 2015May 28, 2015Sep 9, 2015Dec 3, 2015Mar 17, 2016May 26, 2016Aug 25, 2016Nov 30, 2016Mar 30, 2017May 25, 2017Sep 7, 2017Nov 30, 2017Mar 29, 2018May 31, 2018Aug 30, 2018Nov 29, 2018Mar 27, 2019May 30, 2019Aug 29, 2019Nov 26, 2019Mar 26, 2020May 28, 2020Aug 27, 2020Nov 24, 2020Mar 18, 2021May 27, 2021Aug 26, 2021Nov 23, 2021Mar 24, 2022May 26, 2022Aug 25, 2022Nov 30, 2022Mar 16, 2023May 25, 2023Aug 31, 2023Nov 30, 2023Mar 21, 2024May 23, 2024Aug 29, 2024Nov 26, 2024Mar 19, 2025May 22, 2025Aug 28, 2025Nov 25, 2025Mar 19, 2026Jun 9, 2026Aug 27, 2026
EPS Estimate-0.210.130.170.230.210.130.180.320.260.090.190.360.360.220.260.500.530.380.430.650.92-0.020.190.480.20-0.040.100.24-0.19-0.25-0.030.20-0.10-0.16-0.050.07-0.21-0.16-0.010.08-0.14-0.080.120.360.01-0.050.330.470.01-0.120.040.350.130.160.440.680.540.530.701.161.131.021.171.531.020.610.010.06-0.63-0.88-0.48-0.30-1.00-0.53-0.33
EPS Actual0.360.020.240.190.450.180.100.270.320.190.090.150.420.570.400.300.610.840.360.250.660.73-0.020.180.270.35-0.110.040.14-0.20-0.130.200.20-1.31-0.21-0.12-0.01-0.31-0.19-0.040.20-0.10-0.070.280.49-0.040.020.310.440.020.150.290.580.230.460.570.960.990.791.101.830.811.191.381.321.310.410.170.07-1.98-0.58-0.260.05-1.43-0.55-0.40
Surprise--90.48%84.62%11.76%95.65%-14.29%-23.08%50.00%0.00%-26.92%0.00%-21.05%16.67%58.33%81.82%15.38%22.00%58.49%-5.26%-41.86%1.54%-20.65%0.00%-5.26%-43.75%75.00%-175.00%-60.00%-41.67%-5.26%48.00%766.67%0.00%-1210.00%-31.25%-140.00%-114.29%-47.62%-18.75%-300.00%150.00%28.57%12.50%133.33%36.11%-500.00%140.00%-6.06%-6.38%100.00%225.00%625.00%65.71%76.92%187.50%29.55%41.18%83.33%49.06%57.14%57.76%-28.32%16.67%17.95%-13.73%28.43%-32.79%1600.00%16.67%-214.81%34.09%45.83%116.67%-43.00%-3.77%-21.21%
Timing--Pre-marketPre-marketAfter-hours-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-market-Pre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap552.32M
Enterprise Value1.43B
Trailing P/E0.00
Forward P/E44.05
PEG Ratio1.77
Price / Sales0.24
Price / Book1.02
EPS-2.48
Book Value24.30
Revenue (TTM)2.31B
Gross Profit (TTM)379.66M
EBITDA32.75M
Profit Margin-2.46%
Operating Margin-0.34%
Return on Equity-9.71%
Return on Assets-0.18%
Shares Outstanding23.53M
Shares Float20.36M
Beta1.44
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 5 analystsTarget 25.25
  • Strong Buy
    3
  • Hold
    2

Ownership Breakdown

Institutions
91.88%
Insiders
11.26%
Retail / Other
0.00%

Top Institutional Holders

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    2.24M9.53%
  • Arnhold & S. Bleichroeder Advisers, LLC
    1.57M6.69%
  • BlackRock Inc
    1.57M6.67%
  • Nantahala Capital Management, LLC
    1.25M5.33%
  • Dimensional Fund Advisors, Inc.
    1.01M4.31%
  • American Century Companies Inc
    944.06K4.01%
  • Royce & Associates, LP
    914.39K3.89%
  • Vanguard Capital Management, LLC
    899.10K3.82%
  • Morgan Stanley - Brokerage Accounts
    735.82K3.13%
  • HHG PLC
    719.64K3.06%
  • Deutsche Bank AG
    646.15K2.75%
  • William Blair Investment Management, LLC
    582.26K2.47%
  • Geode Capital Management, LLC
    517.55K2.20%

Top Fund Holders

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  • DWS Small Cap Core S
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