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ServiceTitan, Inc.

Rank #155Hypergrowth

TTAN · Nasdaq · Technology

ServiceTitan, Inc. (TTAN) — Rank #155 by gross profitability (GP/assets 0.37) · ROE -10.0% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0001638826 · all metrics point-in-time as of the filing date.

About

ServiceTitan, Inc. provides an end-to-end cloud-based software platform in the United States, Armenia, and Canada.

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Its platform connects and manages a range of business workflows, such as advertising, job scheduling and management, dispatching, generating estimates and invoices, payment processing and others. The company offers ServiceTitan, a platform for contractors; FieldRoutes, pest control software; and Aspire, a business management software that offers real-time reports, precise data, accurate job costing for the landscape and clean industries. In addition, the company offers FinTech products that include payment processing and third-party financing solutions. It serves HVAC, plumbing, electrical, garage door, chimney sweep, roofing, irrigation, water treatment, septic, painting, pool service, landscape, lawn care, pest control, air duct cleaning, commercial food equipment, audio visual, alarm, appliance repair, residential remodeling, locksmith, refrigeration, handyman, gutter, siding, dock and door, fire and life safety industries. The company was formerly known as Linxlogic, Inc. and changed its name to ServiceTitan, Inc. in June 2014.

The company was incorporated in 2007 and is based in Glendale, California.

Industry
Software - Application
Sector
Technology
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
January 31

Price History

TTAN-45.9% · -29.8% CAGRSPY+29.1% · +15.9% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$5.72B

P/E (annual)

—

P/S (annual)

6.0

P/B

3.6

P/OCF (annual)

51.9

Shareholder Yield

-119.2%

Employees

3,414

Industry

Software - Application

Exchange

Nasdaq

Signal Flags

1 green1 yellow
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

Quality Profile

Profitability

1/1 pass
GP / assets
0.37
Return on equity
-10.0%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.12
Current ratio
4.55×
Net cash
$374.45M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
20.5%

Growth

1/2 pass
Revenue growth
24.5%
Piotroski F-Score
6 / 9
Share dilution
119.2%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

2 of 5 thresholds not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

20.7%

fairly valued

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 119.2% — per-share value needs a total required return of 139.9% once share-count change is priced in.

vs. own 6-year median revenue growth: 25.6%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

15.7%

r = 10% (base)

20.7%

r = 12%

25.1%

Net debt / market cap: -6.8%

Base FCF: $105.4M3Y mean FCF: $57.3M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / S

Price / revenue per share

6.1xFair
5.3xmed 5.7x6.4x

P / GP

Price / gross profit per share

8.6xFair
8.3xmed 8.7x11.2x

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.37

Primary signal (Novy-Marx).

54th pctl of 38 SIC 7372 peers

Return on equity

-10.0%

Gross margin

70.1%

49th pctl of 38 SIC 7372 peers

Revenue growth (YoY)

24.5%

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)

27.1%

Revenue CAGR (5Y)

—

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

—

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.12

94th pctl of 33 SIC 7372 peers (best = lowest)

Current ratio

4.55×

81st pctl of 38 SIC 7372 peers

Quick ratio

3.73×

Net cash

$374.45M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$105.43M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

1.66

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

20.5%

Stock-based comp intensity.

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20232026
Hypergrowth
View full financial statements →