Titan Machinery Inc. (TITN)
NASDAQ:TITN
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Titan Machinery
(NASDAQ:TITN)
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Rating:51Neutral
Price Target:
$20.50
▲(0.74% Upside)
Action:Reiterated
Date:06/10/26
The score is held back primarily by weakened profitability (recent losses, margin compression) and elevated leverage sensitivity, partially offset by strong recent cash generation. Technicals are mildly supportive but not decisive, while valuation remains constrained by losses; earnings-call commentary suggests operational improvements but a still-challenged demand environment and continued losses in guidance.
Positive Factors
Strong cash generation
Consistent positive operating and free cash flow over the trailing twelve months provides durable funding for working capital, inventory cycling, and debt service. In a cyclical equipment distribution business, strong cash conversion reduces refinancing risk and supports execution of inventory and margin actions over months.
Negative Factors
Profitability deterioration
Sustained negative net income and compressed gross margins reflect structural pressure on pricing and cost absorption. Persistent losses erode return metrics and could force ongoing cost cuts or asset disposals, making earnings recovery sensitive to volume and pricing improvements over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent positive operating and free cash flow over the trailing twelve months provides durable funding for working capital, inventory cycling, and debt service. In a cyclical equipment distribution business, strong cash conversion reduces refinancing risk and supports execution of inventory and margin actions over months.
Read all positive factors
Titan Machinery (TITN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$455.79M
Dividend YieldN/A
Average Volume (3M)228.57K
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue Growth-11.72%
EPS Growth10.46%
CountryUS
Employees3,340
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 Cap2.81
Enterprise Value/Revenue0.54
Enterprise Value/Gross Profit3.36
Enterprise Value/Ebitda35.95
Forecast
1Y Price Target
$21.00Price Target Upside3.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
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 | 35.63M | 34.88M | 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 | 215.97M | 115.09M | 18.45M | -94.64M | -26.39M | 121.29M |
| Operating Cash Flow | 232.88M | 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 | -209.19M | -123.70M | -23.62M | 188.58M | 21.96M | -35.34M |
Titan Machinery Technical Analysis
Negative
20.35
Price Trends
20.68
Negative
19.20
Positive
17.96
Positive
Market Momentum
-0.17
Positive
42.54
Neutral
12.77
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TITN, the sentiment is Negative. The current price of 20.35 is below the 20-day moving average (MA) of 21.01, below the 50-day MA of 20.68, and above the 200-day MA of 17.96, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 42.54 is Neutral, neither overbought nor oversold. The STOCH value of 12.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | $1.23B | 16.21 | 23.95% | 3.48% | 7.23% | 19.38% | |
66 Neutral | $2.58B | 29.08 | 17.90% | ― | 10.48% | 11.27% | |
65 Neutral | $43.79M | 11.61 | 21.50% | 8.21% | ― | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | $455.79M | -8.28 | -9.00% | ― | -11.72% | 10.46% | |
50 Neutral | $204.62M | 28.47 | 4.92% | ― | 17.47% | -7.38% | |
50 Neutral | $1.27B | 231.46 | 0.84% | ― | 7.07% | 361.18% |
* Industrials Sector Average
TITN
Titan Machinery
19.41
0.22
1.15%
DXPE
DXP Enterprises
164.87
86.20
109.57%
EVI
EVI Industries
15.76
-2.88
-15.44%
DSGR
Distribution Solutions Group
27.39
0.65
2.43%
GIC
Global Industrial Company
31.87
6.18
24.07%
BRIA
BrilliA Inc. Class A
1.40
-0.80
-36.36%
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...
Executive/Board Changes
Titan Machinery Announces Board Leadership Transition and Refresh
Neutral
Mar 13, 2026
On March 11, 2026, Titan Machinery Inc. announced the retirement of former Class II director and Lead Independent Director Stan Erickson from its Board of Directors, a move aligned with a previously granted waiver to the company’s age-based ...
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.