ValueScreener

ValueScreener company report

Titan Machinery Inc. (TITN)

NASDAQ / Industrials / Industrial - Distribution

Share price

22.72 USD Market dataClose of Oct 15, 2026

Market capitalisation

534.7M USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2026, filed Mar 31, 2026
Ratios computed
Oct 15, 2026
Filed years
15, FY2011 to FY2026
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

-9.3% Computed

From the FY2026 filing

Read quality

Valuation

Price to book

0.89x Computed

FY2026 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

n/a Computed

FY2026 accounts, priced at the latest close

Why n/a

We do not hold this figure for this company, so there is nothing to show.

Read cash generation

Revenue and net income, as filed

FY2017 Revenue: 1.20B USDFY2017 Net income: -14.2M USDFY2018 Revenue: 1.19B USDFY2018 Net income: -7.0M USDFY2019 Revenue: 1.26B USDFY2019 Net income: 12.2M USDFY2020 Revenue: 1.31B USDFY2020 Net income: 14.0M USDFY2021 Revenue: 1.41B USDFY2021 Net income: 19.4M USDFY2022 Revenue: 1.71B USDFY2022 Net income: 66.0M USDFY2023 Revenue: 2.21B USDFY2023 Net income: 101.9M USDFY2024 Revenue: 2.76B USDFY2024 Net income: 112.4M USDFY2025 Revenue: 2.70B USDFY2025 Net income: -36.9M USDFY2026 Revenue: 2.43B USDFY2026 Net income: -54.2M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
3 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it good

Return on equity was -9.3% in FY2026, in the band labelled "Likely below the cost of equity" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns on shareholders' money below the usual cost of equity.

Today, against the Industrials sector (643 companies), -9.3% sits at the 28th percentile; the middle half of that group runs from -15.6% to 15.8%.

Is it safe

Net debt to EBITDA was 8.14x in FY2026, in the band labelled "High, covenant territory" (4.00x and above), on lines set by credit-analyst convention, suggesting debt in the range lenders write covenants around.

No peer distribution is published for net debt to EBITDA today; the year-by-year comparison uses the filed annual figures.

Year by year against peers
Whether Titan Machinery Inc.'s return on equity stayed above the median of the Industrials sector, year by year. (FY2022 to FY2026, 5 fiscal years of Titan Machinery Inc. with a comparable figure)
The direction
Which way Titan Machinery Inc.'s return on equity has moved, and how steadily. (FY2017 to FY2026, 10 filed years of Titan Machinery Inc.)
What could explain it
What in Titan Machinery Inc.'s filed statements could explain the movements. (3 readings drawn from the statement lines Titan Machinery Inc. filed)
What to check next
What to check next on Titan Machinery Inc., and where in its filings. (2 questions for Titan Machinery Inc.)
In one paragraph
One paragraph on Titan Machinery Inc.'s returns, cash, balance sheet and price. (8 of sixteen figures read for Titan Machinery Inc.)

These are TITN’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research TITNPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed Mar 31, 2026, accession 0001628280-26-022376.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Titan Machinery Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.

n/a ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Return on equity-9.3% ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Return on capital employed, pre-tax-0.8% ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Return on assets-3.4% ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Gross margin15.8% ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Operating margin-0.3% ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Net margin-2.2% ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
TITN -2.2%
TRNS 1.6%DSGR 0.4%GIC 5.2%
-2.2%5.2%
Net margin: TITN against the 3 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Titan Machinery Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.48 ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Current ratio1.41 ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Quick ratio0.24 ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Interest coverage
Why n/a

The filing states no interest expense for this year, so coverage is not computed: with no interest bill there is nothing to cover.

n/a ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Altman Z-score2.29 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Net debt251.3M ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Total assets 1.62BTotal liabilities 1.04BShareholders' equity 579.3MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Titan Machinery Inc owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed Mar 31, 2026, 0001628280-26-022376).

Titan Machinery Inc: balance sheet position
Total assets1.62B FiledFY2026 10-K, filed Mar 31, 2026
Total liabilities1.04B FiledFY2026 10-K, filed Mar 31, 2026
Shareholders' equity579.3M FiledFY2026 10-K, filed Mar 31, 2026
Cash28.2M FiledFY2026 10-K, filed Mar 31, 2026
Total debt279.4M FiledFY2026 10-K, filed Mar 31, 2026
Net debt251.3M
Current ratio1.41
Debt to equity0.48
  • Interest cover: FY2026: The filing states no interest expense for this year, so coverage is not computed: with no interest bill there is nothing to cover.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Titan Machinery Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
P/E on trailing twelve months11.28x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book0.89x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Price to sales0.21x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Enterprise value to EBITDA24.90x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Price to earnings over growth
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Diluted earnings per share-2.38 USD FiledFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Graham number
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376

We publish no fair value or price target of our own. Value TITN on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Titan Machinery Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Titan Machinery Inc: valuation
Share price22.72 USD
Market capitalisation534.7M USD
Enterprise value to EBITDA24.90x
Graham numbern/m
Diluted earnings per share, FY2026-2.38 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 3.26x, median 14.68x, high 52.49x, latest 11.28x. 1,654 trading days with a meaningful ratio, 866 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Titan Machinery Inc

  1. Transcat, Inc. (TRNS)Market cap 773.2M USD
  2. Distribution Solutions Group, Inc. (DSGR)Market cap 1.62B USD
  3. Global Industrial Company (GIC)Market cap 1.68B USD

Same industry (Industrial - Distribution) and size band (Small, 300M to 2B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

Computed

Titan Machinery Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Free cash flow
Why n/a

The FY2026 filing carries no free cash flow we could read.

n/a ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Free cash flow margin
Why n/a

No free cash flow, and no operating cash flow and capital expenditure pair, is filed for this year.

n/a ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
FY2017 Free cash flow: 131.7M USDFY2017 Net income: -14.2M USDFY2018 Free cash flow: 82.3M USDFY2018 Net income: -7.0M USDFY2019 Free cash flow: 40.3M USDFY2019 Net income: 12.2M USDFY2020 Free cash flow: -9.8M USDFY2020 Net income: 14.0M USDFY2021 Free cash flow: 165.9M USDFY2021 Net income: 19.4M USDFY2022 Free cash flow: 144.3M USDFY2022 Net income: 66.0M USDFY2023 Free cash flow: 822.0K USDFY2023 Net income: 101.9M USDFY2024 Free cash flow: -43.1M USDFY2024 Net income: 112.4M USDFY2025 Net income: -36.9M USDFY2026 Net income: -54.2M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Titan Machinery Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
n/mFY2026Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
0.89xFY2026Oct 15, 2026
n/aFY2026Oct 15, 2026
n/a Operating profit is zero or negative, so there is no profit for a buyer's price to be a multiple of.
n/aFY2026Oct 15, 2026
n/a The filed cash flow statement reports neither free cash flow nor the operating cash flow and capital spending it is built from.
n/aFY2026Mar 31, 2026
n/a The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
n/aFY2026Oct 15, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
0.48FY2026Mar 31, 2026
1.41FY2026Mar 31, 2026
0.21xFY2026Oct 15, 2026
n/mFY2026Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
2.29FY2026Oct 15, 2026
-2.42FY2026Mar 31, 2026
5/9FY2026Mar 31, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 15 filed fiscal years on record, FY2011 to FY2026, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2017 to FY2026, read from the annual reports Titan Machinery Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Titan Machinery Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20262.43B-6.7M-54.2M-2.38n/a-0.3%-9.3%10-K, Mar 31, 20260001628280-26-022376
FY20252.70B4.0M-36.9M-1.63n/a0.1%-6.0%10-K, Apr 7, 20250001409171-25-000027
FY20242.76B168.8M112.4M4.93-43.1M6.1%17.1%10-K, Apr 3, 20240001409171-24-000028
FY20232.21B138.3M101.9M4.49822.0K6.3%19.0%10-K, Mar 30, 20230001409171-23-000011
FY20221.71B90.2M66.0M2.92144.3M5.3%15.2%10-K, Apr 1, 20220001409171-22-000020
FY20211.41B37.4M19.4M0.86165.9M2.6%5.6%10-K, Mar 31, 20210001409171-21-000022
FY20201.31B21.3M14.0M0.63-9.8M1.6%4.0%10-K, Apr 7, 20200001409171-20-000015
FY20191.26B27.5M12.2M0.5540.3M2.2%3.6%10-K, Apr 5, 20190001409171-19-000016
FY20181.19B925.0K-7.0M-0.3282.3M0.1%-2.2%10-K, Apr 6, 20180001409171-18-000024
FY20171.20B-2.4M-14.2M-0.65131.7M-0.2%-4.4%10-K, Apr 7, 20170001409171-17-000023
  • Revenue, compound annual growth FY2017 to FY2026: 8.1%
  • Earnings: Earnings was not positive in both 2017 and 2026, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2017 and 2026, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow: Free cash flow was not positive in both 2017 and 2024, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Titan Machinery Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.42 ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Piotroski F-score5/9 ComputedFY2026 10-K, filed Mar 31, 2026, 0001628280-26-022376
Named tests met3 of 30 Computed
Beta1.46 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 3 met, 19 not met, 8 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Deep value; Book or below, low debt (Walter Schloss); Cheapest quarter on P/B (David Dreman)
Does not
Defensive investor (Benjamin Graham); Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Tangible book or below; Clean books, high ROIC
Not measured
Earnings yield and ROIC (Joel Greenblatt); High yield, low payout; ROIC at or above WACC; P/E times P/B (Benjamin Graham); Cash-covered dividend; Cash-flow yield and ROIC; Cheapest quarter on P/E (David Dreman); Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(14)
  • P/E Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Return on Invested Capital: The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
  • PEG Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: The filing states no interest expense for this year, so coverage is not computed: with no interest bill there is nothing to cover.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Free Cash Flow Yield: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Capex To Ocf: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 14 figures could not be read on this company, among them P/E Ratio, EV/EBIT, Return on Invested Capital. Each blank in the table above names the rest, with its reason. 8 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

Monitor my portfolioHow this is computed

No card. 30 free days, and nothing is charged unless you choose a plan.

Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

Site map

Apps

  • Android app coming soon
  • iPhone app coming soon
ValueScreener

Discover companies, research each one to its filings, track what matters, and take your work into your own spreadsheet.

ValueScreener is a trading name of Oliva Real Estate Technologies LLC, a Delaware limited liability company. Legal notices: legal@valuescreener.ai. © 2026 Oliva Real Estate Technologies LLC. All rights reserved.

Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.

With your permission, Google Analytics, Microsoft Clarity and HubSpot set cookies to measure how this site and the product are used, including recordings of sessions. Nothing is set unless you allow it. Privacy policy