# Titan Machinery Inc. (TITN)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Market cap:** $454M  
**Price:** $19.96 (-3.15%)

> Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores across the United States, Europe, and Australia. The company sells new and used equipment, parts, attachments, and provides related services and rental options, primarily featuring machinery from the CNH Industrial family of brands and other manufacturers. It operates through key segments including Agriculture, which supports large-scale farming to home and garden applications in North America; Construction, offering heavy construction and light industrial machinery; Europe, serving agricultural customers in Eastern Europe; and Australia, providing equipment solutions in Southeastern Australia along with ancillary products like transportation, GPS subscriptions, finance, and insurance. Titan Machinery Inc. caters to farmers, construction firms, and industrial users by delivering comprehensive equipment lifecycle support from sales to maintenance. Founded in 1980 and headquartered in West Fargo, North Dakota, Titan Machinery Inc. plays a vital role in distributing essential machinery that powers agriculture and construction sectors globally.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $2.43B | $383M | -$7M | -$54M | $-2.38 |
| 2025 | $2.70B | $396M | $4M | -$37M | $-1.63 |
| 2024 | $2.76B | $531M | $169M | $112M | $4.93 |
| 2023 | $2.21B | $440M | $138M | $102M | $4.49 |
| 2022 | $1.71B | $333M | $90M | $66M | $2.92 |
| 2021 | $1.41B | $261M | $37M | $19M | $0.86 |
| 2020 | $1.31B | $251M | $21M | $14M | $0.63 |
| 2019 | $1.26B | $232M | $27M | $12M | $0.55 |
| 2018 | $1.19B | $215M | $925,000 | -$7M | $-0.32 |
| 2017 | $1.20B | $214M | -$2M | -$14M | $-0.65 |
| 2016 | $1.37B | $206M | -$23M | -$38M | $-1.76 |
| 2015 | $1.90B | $308M | $723,000 | -$32M | $-1.51 |
| 2014 | $2.23B | $348M | $47M | $9M | $0.41 |
| 2013 | $2.20B | $339M | $92M | $42M | $2.00 |
| 2012 | $1.66B | $275M | $82M | $44M | $2.18 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2026 | $1.62B | $1.04B | $579M | — | $180M |
| 2025 | $1.81B | $1.20B | $614M | — | $169M |
| 2024 | $1.99B | $1.33B | $658M | — | $120M |
| 2023 | $1.19B | $652M | $536M | — | $97M |
| 2022 | $947M | $511M | $435M | $146M | $81M |
| 2021 | $816M | $471M | $345M | $79M | $49M |
| 2020 | $975M | $630M | $345M | $44M | — |
| 2019 | $792M | $457M | $335M | $57M | — |
| 2018 | $760M | $438M | $322M | $53M | — |
| 2017 | $771M | $450M | $321M | $53M | — |
| 2016 | $1.05B | $710M | $338M | $89M | — |
| 2015 | $1.33B | $949M | $376M | $128M | — |
| 2014 | $1.56B | $1.16B | $409M | $74M | — |
| 2013 | $1.44B | $1.05B | $397M | $124M | — |
| 2012 | $1.09B | $752M | $336M | $80M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2026 | $137M | — | — |
| 2025 | $70M | — | — |
| 2024 | -$32M | — | — |
| 2023 | $11M | — | — |
| 2022 | $159M | — | — |
| 2021 | $173M | — | — |
| 2020 | $955,000 | $11M | -$10M |
| 2019 | $47M | $6M | $40M |

Source: [CompaniesByCap](https://companiesbycap.com/company/TITN)