Titan Machinery Inc - Understand $titn stock

$TITN Market Cap: $307.8 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$2.809B

TTM

Gross Margin

18.4%

TTM

Net Earnings

$59.29M

TTM

Current Assets

$1.709B

Q3 2024

Current Liabilities

$1.343B

Q3 2024

Current Ratio

127.22%

Q3 2024

Total Assets

$2.221B

Q3 2024

Total Liabilities

$1.561B

Q3 2024

Book Value

$659.6M

Q3 2024

Cash

$31.22M

Q3 2024

P/E

5.192

Sep 13, 2024 EST

Free Cash Flow

-$13.84M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$2.758B	$2.209B	$1.712B	$1.411B	$1.305B	$1.262B	$1.193B	$1.202B	$1.368B	$1.900B	$2.226B	$2.198B	$1.659B	$1.094B	$838.8M	$690.4M	$433.0M	$292.6M	$228.5M	$162.2M	$97.50M	$66.60M
YoY Change	24.86%	29.06%	21.31%	8.13%	3.46%	5.78%	-0.76%	-12.15%	-28.02%	-14.65%	1.27%	32.52%	51.58%	30.49%	21.49%	59.45%	47.98%	28.05%	40.88%	66.36%	46.4%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$2.758B	$2.209B	$1.712B	$1.411B	$1.305B	$1.262B	$1.193B	$1.202B	$1.368B	$1.900B	$2.226B	$2.198B	$1.659B	$1.094B	$838.8M	$690.4M	$433.0M	$292.6M	$228.5M	$162.2M	$97.50M	$66.60M
Cost Of Revenue	$2.227B	$1.769B	$1.379B	$1.150B	$1.054B	$1.030B	$977.3M	$988.0M	$1.162B	$1.592B	$1.878B	$1.859B	$1.384B	$919.9M	$697.7M	$570.6M	$360.9M	$244.0M	$193.8M	$135.8M	$79.30M	$54.20M
Gross Profit	$531.4M	$439.8M	$332.7M	$261.4M	$250.8M	$231.6M	$215.3M	$213.7M	$205.9M	$308.4M	$348.1M	$339.4M	$275.5M	$174.6M	$141.1M	$119.9M	$72.10M	$48.60M	$34.70M	$26.40M	$18.20M	$12.40M
Gross Profit Margin	19.26%	19.91%	19.44%	18.52%	19.22%	18.36%	18.05%	17.79%	15.05%	16.23%	15.63%	15.44%	16.6%	15.95%	16.82%	17.37%	16.65%	16.61%	15.19%	16.28%	18.67%	18.62%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$15.24M	$15.62M	$17.08M	$21.20M	$24.10M
YoY Change	-2.42%	-8.53%	-19.45%	-12.03%
% of Gross Profit	2.87%	3.55%	5.13%	8.11%	9.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$31.48M	$25.20M	$22.14M	$23.70M	$28.07M	$23.61M	$25.11M	$26.87M	$28.54M	$31.77M	$30.79M	$23.46M	$15.26M	$8.969M	$7.950M	$4.600M	$2.500M	$1.700M	$1.200M	$900.0K
YoY Change	24.93%	13.81%	-6.59%	-15.56%	18.9%	-5.97%	-6.56%	-5.85%	-10.17%	3.16%	31.24%	53.73%	70.18%	12.82%	72.83%	84.0%	47.06%	41.67%	33.33%
% of Gross Profit	5.92%	5.73%	6.65%	9.07%	11.19%	10.19%	11.66%	12.57%	13.86%	10.3%	8.85%	6.91%	5.54%	5.14%	5.63%	3.84%	3.47%	3.5%	3.46%	3.41%
Operating Expenses	$362.5M	$301.5M	$241.0M	$220.8M	$225.7M	$201.5M	$203.2M	$211.4M	$220.5M	$273.3M	$291.2M	$247.6M	$193.9M	$130.5M	$109.0M	$86.90M	$53.20M	$37.40M	$26.90M	$22.60M	$16.60M	$11.10M
YoY Change	20.23%	25.09%	9.18%	-2.19%	12.0%	-0.82%	-3.86%	-4.15%	-19.3%	-6.16%	17.63%	27.7%	48.51%	19.76%	25.43%	63.35%	42.25%	39.03%	19.03%	36.14%	49.55%
Operating Profit	$168.8M	$138.3M	$90.18M	$37.41M	$21.33M	$27.48M	$925.0K	-$2.372M	-$23.11M	$723.0K	$46.88M	$91.80M	$81.60M	$44.03M	$32.10M	$33.00M	$18.90M	$11.20M	$7.800M	$3.800M	$1.600M	$1.300M
YoY Change	22.07%	53.38%	141.08%	75.36%	-22.38%	2870.92%	-139.0%	-89.74%	-3296.4%	-98.46%	-48.94%	12.5%	85.34%	37.17%	-2.74%	74.6%	68.75%	43.59%	105.26%	137.5%	23.08%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense	-$17.81M	$6.944M	$5.712M	$7.182M	$9.806M	$13.87M	$17.00M	$21.87M	$32.62M	$34.79M	$30.56M	$22.76M	$9.670M	$8.584M	-$5.100M	-$2.400M	-$5.700M	-$5.100M	-$3.300M	-$1.500M	-$1.300M	-$600.0K
YoY Change	-356.41%	21.57%	-20.47%	-26.76%	-29.32%	-18.38%	-22.25%	-32.98%	-6.23%	13.86%	34.24%	135.39%	12.65%	-268.31%	112.5%	-57.89%	11.76%	54.55%	120.0%	15.38%	116.67%
% of Operating Profit	-10.55%	5.02%	6.33%	19.2%	45.97%	50.49%	1837.73%			4812.03%	65.18%	24.79%	11.85%	19.5%	-15.89%	-7.27%	-30.16%	-45.54%	-42.31%	-39.47%	-81.25%	-46.15%
Other Income/Expense, Net	$3.300M	$3.862M	$2.431M	$527.0K	$3.126M	$2.547M	$1.635M	$1.524M	-$478.0K	-$4.272M	$2.109M	$1.654M
YoY Change	-14.55%	58.86%	361.29%	-83.14%	22.73%	55.78%	7.28%	-418.83%	-88.81%	-302.56%	27.51%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$151.0M	$135.2M	$86.90M	$30.75M	$14.65M	$10.99M	-$16.64M	-$22.24M	-$53.21M	-$20.83M	$25.71M	$70.79M	$73.57M	$37.24M	$26.99M	$30.50M	$9.300M	$6.100M	$4.500M	$2.300M	$300.0K	$700.0K
YoY Change	11.68%	55.63%	182.58%	109.89%	33.27%	-166.05%	-25.18%	-58.2%	155.52%	-180.99%	-63.68%	-3.79%	97.58%	37.96%	-11.5%	227.96%	52.46%	35.56%	95.65%	666.67%	-57.14%
Income Tax	$38.60M	$33.37M	$20.85M	$11.40M	$699.0K	$3.972M	-$7.390M	-$8.178M	-$17.98M	-$4.923M	$10.33M	$28.14M	$29.43M	$14.90M	$11.26M	$12.40M	$4.100M	$2.500M	$1.700M	$900.0K	$100.0K	$300.0K
% Of Pretax Income	25.56%	24.68%	24.0%	37.06%	4.77%	36.13%					40.15%	39.75%	40.0%	40.0%	41.7%	40.66%	44.09%	40.98%	37.78%	39.13%	33.33%	42.86%
Net Earnings	$112.4M	$101.9M	$66.05M	$19.36M	$13.95M	$12.18M	-$7.049M	-$14.18M	-$37.89M	-$32.16M	$8.851M	$42.47M	$44.16M	$22.34M	$15.74M	$18.10M	$5.200M	$3.600M	$2.700M	$1.300M	$200.0K	$400.0K
YoY Change	10.38%	54.24%	241.22%	38.72%	14.54%	-272.82%	-50.29%	-62.58%	17.83%	-463.31%	-79.16%	-3.82%	97.65%	41.97%	-13.06%	248.08%	44.44%	33.33%	107.69%	550.0%	-50.0%
Net Earnings / Revenue	4.08%	4.61%	3.86%	1.37%	1.07%	0.97%	-0.59%	-1.18%	-2.77%	-1.69%	0.4%	1.93%	2.66%	2.04%	1.88%	2.62%	1.2%	1.23%	1.18%	0.8%	0.21%	0.6%
Basic Earnings Per Share	$4.93	$4.50	$2.93	$0.86	$0.63	$0.55	-$0.32	-$0.65	-$1.76	-$1.51	$0.42	$2.02	$2.21	$1.25	$0.89
Diluted Earnings Per Share	$4.93	$4.49	$2.92	$0.86	$0.63	$0.55	-$0.32	-$0.65	-$1.76	-$1.51	$0.41	$2.00	$2.18	$1.23	$0.88	$1.077M	$634.1K	$521.7K	$428.6K	$213.1K	$46.51K	$70.18K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Cash & Short-Term Investments	$38.07M	$43.91M	$146.1M	$79.00M	$43.70M	$56.70M	$53.40M	$53.20M	$89.50M	$127.5M	$74.20M	$124.4M	$79.80M	$76.10M	$76.20M	$86.00M	$42.80M	$7.600M	$8.700M	$1.100M	$1.900M	$1.700M
YoY Change	-13.31%	-69.95%	85.0%	80.78%	-22.93%	6.18%	0.38%	-40.56%	-29.8%	71.83%	-40.35%	55.89%	4.86%	-0.13%	-11.4%	100.93%	463.16%	-12.64%	690.91%	-42.11%	11.76%
Cash & Equivalents					$43.70M	$56.70M	$53.40M	$53.20M	$89.50M	$127.5M	$74.20M	$124.4M	$79.80M	$76.10M	$76.20M	$41.00M	$42.80M	$7.600M
Short-Term Investments															$0.00	$45.00M	$0.00
Other Short-Term Assets	$24.26M	$25.55M	$28.14M	$13.70M	$13.70M	$15.60M	$12.40M	$11.00M	$9.700M	$25.90M	$38.40M	$16.60M	$7.500M	$4.200M	$3.300M	$1.900M	$1.200M	$700.0K	$400.0K	$300.0K	$400.0K	$200.0K
YoY Change	-5.06%	-9.17%	105.36%	0.0%	-12.18%	25.81%	12.73%	13.4%	-62.55%	-32.55%	131.33%	121.33%	78.57%	27.27%	73.68%	58.33%	71.43%	75.0%	33.33%	-25.0%	100.0%
Inventory	$1.303B	$703.9M	$421.8M	$418.5M	$597.4M	$491.1M	$472.5M	$478.3M	$680.5M	$879.4M	$1.076B	$929.2M	$748.0M	$429.8M	$347.6M	$241.1M	$145.8M	$106.3M	$81.60M	$66.60M	$34.40M	$38.60M
Prepaid Expenses
Receivables	$153.7M	$95.84M	$94.29M	$69.10M	$72.80M	$77.50M	$60.70M	$60.10M	$65.50M	$76.40M	$97.90M	$43.90M	$28.30M	$13.60M	$8.500M	$8.300M	$4.200M	$3.000M	$2.500M	$5.000M	$3.100M	$2.300M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$100.0K	$5.400M	$13.00M	$100.0K	$800.0K	$78.40M	$57.40M	$31.30M	$15.30M	$12.80M	$18.90M	$7.900M	$3.300M	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.519B	$869.3M	$690.3M	$580.2M	$727.5M	$640.9M	$599.1M	$607.9M	$858.2M	$1.110B	$1.287B	$1.192B	$921.0M	$555.2M	$450.9M	$350.2M	$212.9M	$125.4M	$96.60M	$73.00M	$39.70M	$42.90M
YoY Change	74.75%	25.92%	18.98%	-20.25%	13.51%	6.98%	-1.45%	-29.17%	-22.65%	-13.82%	7.97%	29.47%	65.89%	23.13%	28.75%	64.49%	69.78%	29.81%	32.33%	83.88%	-7.46%
Property, Plant & Equipment	$353.5M	$268.0M	$234.4M	$221.6M	$233.8M	$139.0M	$151.0M	$156.6M	$183.2M	$208.7M	$228.0M	$194.6M	$126.3M	$65.40M	$46.60M	$45.30M	$16.00M	$8.200M	$5.300M	$3.600M	$2.200M	$2.400M
YoY Change	31.9%	14.33%	5.77%	-5.22%	68.2%	-7.95%	-3.58%	-14.52%	-12.22%	-8.46%	17.16%	54.08%	93.12%	40.34%	2.87%	183.13%	95.12%	54.72%	47.22%	63.64%	-8.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$2.312M	$2.424M	$2.369M	$4.700M	$3.300M	$4.200M	$4.900M	$1.900M	$1.300M	$2.000M	$12.80M	$12.00M	$5.600M	$5.200M	$2.300M	$2.000M	$1.800M	$1.400M	$1.600M	$1.300M	$1.400M	$1.100M
YoY Change	-4.62%	2.32%	-49.6%	42.42%	-21.43%	-14.29%	157.89%	46.15%	-35.0%	-84.38%	6.67%	114.29%	7.69%	126.09%	15.0%	11.11%	28.57%	-12.5%	23.08%	-7.14%	27.27%
Total Long-Term Assets	$473.2M	$319.4M	$256.3M	$235.6M	$247.8M	$151.5M	$161.2M	$163.5M	$189.7M	$216.1M	$277.2M	$251.7M	$167.1M	$93.60M	$63.90M	$60.00M	$26.50M	$13.50M	$8.500M	$6.100M	$5.000M	$4.700M
YoY Change	48.15%	24.62%	8.8%	-4.92%	63.56%	-6.02%	-1.41%	-13.81%	-12.22%	-22.04%	10.13%	50.63%	78.53%	46.48%	6.5%	126.42%	96.3%	58.82%	39.34%	22.0%	6.38%
Total Assets	$1.992B	$1.189B	$946.7M	$815.8M	$975.3M	$792.4M	$760.3M	$771.4M	$1.048B	$1.326B	$1.565B	$1.444B	$1.088B	$648.8M	$514.8M	$410.2M	$239.4M	$138.9M	$105.1M	$79.10M	$44.70M	$47.60M
YoY Change
Accounts Payable	$43.85M	$40.83M	$25.64M	$20.00M	$17.00M	$16.60M	$15.10M	$17.30M	$16.90M	$17.70M	$23.70M	$28.30M	$28.40M	$16.00M	$12.40M	$18.70M	$9.200M	$4.200M	$5.500M	$3.200M	$3.300M	$2.800M
YoY Change	7.38%	59.23%	28.22%	17.65%	2.41%	9.93%	-12.72%	2.37%	-4.52%	-25.32%	-16.25%	-0.35%	77.5%	29.03%	-33.69%	103.26%	119.05%	-23.64%	71.88%	-3.03%	17.86%
Accrued Expenses	$85.15M	$67.44M	$61.47M	$50.70M	$48.90M	$36.40M	$28.20M	$26.20M	$22.10M	$29.20M	$34.40M	$28.50M	$23.20M	$14.00M	$9.900M	$8.300M	$6.100M	$2.300M	$1.900M	$1.000M	$900.0K	$600.0K
YoY Change	26.27%	9.7%	21.25%	3.68%	34.34%	29.08%	7.63%	18.55%	-24.32%	-15.12%	20.7%	22.84%	65.71%	41.41%	19.28%	36.07%	165.22%	21.05%	90.0%	11.11%	50.0%
Deferred Revenue
YoY Change
Short-Term Debt	$893.8M	$258.4M	$135.4M	$161.8M	$371.8M	$319.0M	$247.4M	$233.2M	$444.8M	$625.2M	$750.5M	$689.4M	$552.4M	$320.8M	$249.9M	$166.5M	$105.8M	$84.70M	$61.90M	$54.30M	$21.10M	$29.50M
YoY Change	245.95%	90.8%	-16.31%	-56.48%	16.55%	28.94%	6.09%	-47.57%	-28.85%	-16.7%	8.86%	24.8%	72.19%	28.37%	50.09%	57.37%	24.91%	36.83%	14.0%	157.35%	-28.47%
Long-Term Debt Due	$13.71M	$7.818M	$13.34M	$14.40M	$15.50M	$2.100M	$1.600M	$1.400M	$1.600M	$7.700M	$2.200M	$10.60M	$4.800M	$4.200M	$7.200M	$7.600M	$5.700M	$2.800M	$1.500M	$1.100M	$1.100M	$600.0K
YoY Change	75.31%	-41.4%	-7.35%	-7.1%	638.1%	31.25%	14.29%	-12.5%	-79.22%	250.0%	-79.25%	120.83%	14.29%	-41.67%	-5.26%	33.33%	103.57%	86.67%	36.36%	0.0%	83.33%
Total Short-Term Liabilities	$1.152B	$498.2M	$374.7M	$317.5M	$494.2M	$420.5M	$328.3M	$308.8M	$523.4M	$727.5M	$875.0M	$804.9M	$661.9M	$388.1M	$292.3M	$216.2M	$146.2M	$99.00M	$75.20M	$62.50M	$30.20M	$34.50M
YoY Change	131.34%	32.94%	18.02%	-35.75%	17.53%	28.08%	6.31%	-41.0%	-28.05%	-16.86%	8.71%	21.6%	70.55%	32.77%	35.2%	47.88%	47.68%	31.65%	20.32%	106.95%	-12.46%
Long-Term Debt	$106.4M	$91.81M	$76.29M	$47.80M	$41.90M	$20.70M	$97.40M	$126.7M	$172.6M	$196.5M	$224.4M	$182.3M	$57.40M	$33.40M	$21.90M	$14.80M	$14.40M	$23.50M	$17.60M	$3.500M	$3.500M	$3.500M
YoY Change	15.9%	20.35%	59.6%	14.08%	102.42%	-78.75%	-23.13%	-26.59%	-12.16%	-12.43%	23.09%	217.6%	71.86%	52.51%	47.97%	2.78%	-38.72%	33.52%	402.86%	0.0%	0.0%
Other Long-Term Liabilities	$53.20M	$52.86M	$58.45M	$79.20M	$92.10M	$11.00M	$10.50M	$5.200M	$2.400M	$3.300M	$6.500M	$9.600M	$2.900M	$3.800M	$3.800M	$1.900M	$800.0K	$300.0K	$500.0K	$4.900M	$4.400M	$4.000M
YoY Change	0.65%	-9.56%	-26.2%	-14.01%	737.27%	4.76%	101.92%	116.67%	-27.27%	-49.23%	-32.29%	231.03%	-23.68%	0.0%	100.0%	137.5%	166.67%	-40.0%	-89.8%	11.36%	10.0%
Total Long-Term Liabilities	$159.6M	$144.7M	$134.7M	$127.0M	$134.0M	$31.70M	$107.9M	$131.9M	$175.0M	$199.8M	$230.9M	$191.9M	$60.30M	$37.20M	$25.70M	$16.70M	$15.20M	$23.80M	$18.10M	$8.400M	$7.900M	$7.500M
YoY Change	10.32%	7.37%	6.1%	-5.22%	322.71%	-70.62%	-18.2%	-24.63%	-12.41%	-13.47%	20.32%	218.24%	62.1%	44.75%	53.89%	9.87%	-36.13%	31.49%	115.48%	6.33%	5.33%
Total Liabilities	$1.335B	$652.4M	$511.5M	$444.5M	$630.2M	$457.1M	$438.5M	$450.2M	$710.3M	$949.1M	$1.156B	$1.048B	$751.7M	$434.3M	$324.3M	$236.5M	$163.3M	$123.8M	$93.80M	$70.90M	$38.10M	$42.10M
YoY Change	104.57%	27.55%	15.07%	-29.47%	37.87%	4.24%	-2.6%	-36.62%	-25.16%	-17.89%	10.34%	39.36%	73.08%	33.92%	37.12%	44.83%	31.91%	31.98%	32.3%	86.09%	-9.5%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	22.49M shares	22.37M shares	22.24M shares	22.10M shares	21.95M shares	21.81M shares	21.54M shares	21.29M shares	21.11M shares	20.99M shares	20.89M shares	20.79M shares	19.81M shares	17.66M shares	17.59M shares
Diluted Shares Outstanding	22.50M shares	22.38M shares	22.25M shares	22.10M shares	21.95M shares	21.82M shares	21.54M shares	21.29M shares	21.11M shares	20.99M shares	21.04M shares	20.99M shares	20.11M shares	17.96M shares	17.83M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $307.83 Million

About Titan Machinery Inc

Titan Machinery, Inc. engages in the management of agricultural and construction equipment stores. The company is headquartered in West Fargo, North Dakota and currently employs 3,338 full-time employees. The company went IPO on 2007-12-06. The firm operates through segments: Agriculture, Construction, Europe, and Australia. The company offers equipment and parts sales, equipment repair and maintenance services, and rental functions in each store. The company sells new agricultural and construction equipment manufactured under the CNH Industrial family of brands as well as equipment from a variety of other manufacturers. The agricultural equipment it sells, and service includes machinery and attachments for uses ranging from large-scale commercial farming to home and garden purposes. The construction equipment it sells, and service includes heavy construction machinery, light industrial machinery for commercial and residential construction, and road and highway construction machinery.

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