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Titan Machinery
(NASDAQ:TITN)
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Rating:49Neutral
Price Target:
$19.50
▼(-2.40% Downside)
Action:Reiterated
Date:08/05/26
The score is held down primarily by deteriorated profitability and elevated leverage despite strong recent free cash flow. Technicals are largely neutral with a negative MACD, and valuation is constrained by negative earnings and no dividend support. The latest earnings call adds some balance via margin/interest cost improvements and reaffirmed guidance, but ongoing revenue declines and an outlook for continued losses limit upside confidence.
Positive Factors
Strong cash generation
Sustained positive operating cash flow and free cash flow provide durable internal funding for inventory, service operations and capital needs. This cash cushion supports operations during cyclical revenue shortfalls, enables working-capital flexibility and reduces immediate refinancing pressure.
Negative Factors
Deteriorated profitability and negative net income
Sustained negative net income and compressed gross margins reflect structural pressure on pricing, higher costs or weaker mix. Persistent losses erode equity returns, constrain reinvestment in service and parts, and make the company more reliant on cash-flow management and balance-sheet flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained positive operating cash flow and free cash flow provide durable internal funding for inventory, service operations and capital needs. This cash cushion supports operations during cyclical revenue shortfalls, enables working-capital flexibility and reduces immediate refinancing pressure.
Read all positive factors
Titan Machinery (TITN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$395.90M
Dividend YieldN/A
Average Volume (3M)228.57K
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue Growth-11.72%
EPS Growth10.46%
CountryUS
Employees3,114
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)-2.35
Shares Outstanding23,302,180
10 Day Avg. Volume226,155
30 Day Avg. Volume228,570
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)0.64
Price to Sales (P/S)0.15
P/FCF Ratio3.22
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$25.00Price Target Upside25.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.48
Revenue Forecast (FY)$2.10B
Titan Machinery Business Overview & Revenue Model
Company Description
Titan Machinery Inc. (TITN) operates an extensive network of retail outlets specializing in agricultural and construction machinery across both the United States and Europe. Its business is structured into three main segments: Agriculture, Constru...
How the Company Makes Money
Titan Machinery makes money primarily through dealership-based sales and aftermarket support. Its key revenue streams include: (1) New equipment sales: Revenue from selling new agricultural and construction machinery through its dealer locations, ...
Titan Machinery Earnings Call Summary
Earnings Call Date:Jun 09, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Aug 27, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: operational and margin improvements (gross margin +180 bps, equipment margin +100 bps, reduced interest expense, aged inventory declines and narrower segment losses) are positive indicators of execution. However, meaningful revenue declines (same-store sales -10.4%), weak demand in Europe (≈-40% on a constant currency basis), continued quarter-to-quarter losses and very modest adjusted EBITDA ($1M) underscore that the company remains in a challenged, trough industry environment. Management maintained conservative full-year guidance and emphasized continued discipline.Positive Updates
Revenue and Sales Overview
Total revenue of $522.4M for Q1 FY2027; same-store sales declined 10.4% year-over-year but results came in slightly ahead of management expectations due to delivery timing.
Negative Updates
Year-over-Year Revenue Decline
Total revenue down to $522.4M from $594.3M and same-store sales decreased 10.4% year-over-year, driven by weaker demand in Domestic Ag, Construction and Europe.
Read all updates
Q1-2027 Updates
Positive
Negative
Revenue and Sales Overview
Total revenue of $522.4M for Q1 FY2027; same-store sales declined 10.4% year-over-year but results came in slightly ahead of management expectations due to delivery timing.
Read all positive updates
Company Guidance
Titan reaffirmed its fiscal 2027 guidance and modeling assumptions: segment revenue assumptions are Domestic Ag down 15–20%, Construction flat to +5%, Europe down 20–25%, and Australia up 10–15%; consolidated full‑year equipment margin ~8.4% (vs. 7.3% in FY26); operating expenses ~17% of sales; floorplan interest expense expected to decline ~25% year‑over‑year; full‑year adjusted EBITDA range $17M–$29M and adjusted diluted loss per share range $(1.25)–$(1.75). Quarterly and balance‑sheet metrics cited in support include Q1 revenue $522.4M (vs. $594.3M prior; same‑store sales down 10.4%), gross profit $89.3M and gross margin 17.1% (+180 bps), equipment margin 7.8% (≈+100 bps YoY), operating expenses $94.4M, floorplan interest $8.2M (‑26% YoY), net loss $12.6M (EPS ‑$0.55), adjusted EBITDA $1M, cash ≈$30M, adjusted debt/tangible net worth 1.6x (vs. covenant 3.5x), and total inventory $914.8M (up $12M seasonally).Titan Machinery Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
42
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.36B | 2.43B | 2.70B | 2.76B | 2.21B | 1.71B |
| Gross Profit | 380.90M | 382.56M | 395.63M | 531.35M | 439.84M | 332.72M |
| EBITDA | 36.48M | 35.24M | 42.61M | 200.32M | 163.52M | 124.63M |
| Net Income | -53.59M | -54.17M | -36.91M | 110.92M | 101.87M | 66.05M |
Balance Sheet | ||||||
| Total Assets | 1.61B | 1.62B | 1.81B | 1.99B | 1.19B | 946.67M |
| Cash, Cash Equivalents and Short-Term Investments | 29.58M | 28.16M | 35.90M | 38.07M | 43.91M | 146.15M |
| Total Debt | 858.32M | 826.00M | 1.00B | 1.07B | 413.93M | 290.24M |
| Total Liabilities | 1.05B | 1.04B | 1.20B | 1.33B | 652.39M | 511.47M |
| Stockholders Equity | 566.48M | 579.30M | 614.08M | 657.64M | 536.31M | 435.20M |
Cash Flow | ||||||
| Free Cash Flow | 91.25M | 115.09M | 18.45M | -94.64M | -26.39M | 121.29M |
| Operating Cash Flow | 108.17M | 137.45M | 70.29M | -32.28M | 10.82M | 158.92M |
| Investing Cash Flow | -16.42M | -22.71M | -47.75M | -163.37M | -134.06M | -55.20M |
| Financing Cash Flow | -84.47M | -123.70M | -23.62M | 188.58M | 21.96M | -35.34M |
Titan Machinery Technical Analysis
Positive
19.98
Price Trends
20.00
Negative
19.50
Negative
18.21
Positive
Market Momentum
-0.20
Negative
50.70
Neutral
73.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TITN, the sentiment is Positive. The current price of 19.98 is above the 20-day moving average (MA) of 18.92, below the 50-day MA of 20.00, and above the 200-day MA of 18.21, indicating a neutral trend. The MACD of -0.20 indicates Negative momentum. The RSI at 50.70 is Neutral, neither overbought nor oversold. The STOCH value of 73.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TITN.
Titan Machinery Risk Analysis
Titan Machinery disclosed 28 risk factors in its most recent earnings report. Titan Machinery reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Titan Machinery Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $1.37B | 18.52 | 26.97% | 3.08% | 7.23% | 19.38% | |
70 Outperform | $2.43B | 27.94 | 17.90% | ― | 10.48% | 11.27% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $41.04M | 11.17 | 21.50% | 8.21% | ― | ― | |
56 Neutral | $1.60B | 292.22 | 0.84% | ― | 7.07% | 361.18% | |
54 Neutral | $181.07M | 30.00 | 4.92% | ― | 17.47% | -7.38% | |
49 Neutral | $395.90M | -7.23 | -9.05% | ― | -11.72% | 10.46% |
* Industrials Sector Average
TITN
Titan Machinery
19.24
0.21
1.10%
DXPE
DXP Enterprises
198.21
93.93
90.07%
EVI
EVI Industries
14.00
-8.95
-38.99%
DSGR
Distribution Solutions Group
34.82
4.14
13.49%
GIC
Global Industrial Company
39.68
6.37
19.12%
BRIA
BrilliA Inc. Class A
1.30
-1.00
-43.39%
Titan Machinery Corporate Events
Executive/Board ChangesShareholder Meetings
Titan Machinery Shareholders Back Directors and Governance Measures
Positive
Jun 9, 2026
At Titan Machinery’s annual meeting held on June 8, 2026, stockholders elected Class I director nominees Tony Christianson, Christine Hamilton, and Bryan Knutson to serve three-year terms on the company’s board of directors, reflecting...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.