Quality Investor

Titan Machinery Inc.

Rank #291DeclineWatchlistCompare with other stocks

TITN · Nasdaq · Industrials

Titan Machinery Inc. (TITN) — Rank #291 by gross profitability (GP/assets 0.23) · ROE -9.7% · Piotroski F-Score 5 / 9.

As-of 2026-10-30 · CIK 0001409171 · all metrics point-in-time as of the filing date.

About

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia.

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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.

Industry
Industrial Distribution
Sector
Industrials
State
DE
Filer Category
Accelerated filer
Fiscal Year End
January 31

Company Snapshot

P/E, P/B, and dividend yield matter most — book value provides a floor.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

3,114

Industry

Industrial Distribution

Exchange

Nasdaq

6/9

Flags passed

TITN fails 3 critical flags

Passes 6 of 9 quality flags

  • FAIL
    Revenue declining YoY

    Revenue contracted year over year

  • FAIL
    Operating margin declining

    Operating margin lower than prior year

  • FAIL
    Valuation convergence

    EPS declining, shares diluting, and revenue growth decelerating simultaneously

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    Disclosure consistent
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    SBC not compressing margin

No data FCF vs investment · Free cash flow · Competitive position — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.23
Return on equity
-9.7%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.92
Current ratio
1.35×
Net cash
-$143.87M

Cash Flow

1/1 pass
Positive FCF
N/A
Cash-backed earnings
N/A
Accruals healthy
PASS
SBC / revenue
0.2%

Growth

1/2 pass
Revenue growth
-10.2%
Piotroski F-Score
5 / 9
Share dilution
0.6%

Asset value and restructuring potential (balance-sheet strength) are the primary reads at this stage.

Profitability

Does it make money well?

Warning: Operating margin declining, Revenue declining YoY · GP/assets 0.23

Gross profitability (GP / assets)

0.23

Primary signal (Novy-Marx).

11th of 11 SIC 59 peers

Return on equity

-9.7%

Gross margin

15.8%

10th of 11 SIC 59 peers

Revenue growth (YoY)

-10.2%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

3.2%

Revenue CAGR (5Y)

11.5%

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

—

Cash Flow Health

Is the cash real?

No data

Free cash flow

—

Operating cash flow minus capex.

Positive free cash flow

N/A

FCF vs net income

—

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

N/A

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.2%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $143.87M, F-Score 5/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.92

9th of 10 SIC 59 peers (best = lowest)

Current ratio

1.35×

8th of 11 SIC 59 peers

Quick ratio

0.17×

Net cash

-$143.87M

Cash & equivalents minus total debt.

Piotroski F-Score

5 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

Warning: Valuation convergence

Capital allocation quality

Composite score

2.7 / 5

Fair
Share count trend
0.6%2/5 Fair
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory
-1.2%3/5 Good

Lifecycle Phase History

20212026
Value
Hypergrowth
Startup
Decline

Price History

TITN-10.4% · -2.2% CAGRSPY+82.9% · +12.8% CAGR