Titan Machinery Inc
titanmachinery.comWhat Do They Do?
Sells agricultural and construction equipment, parts, and repair services to farmers, construction contractors, and other equipment users.
10-K for FY2026, filed Mar 31, 2026Titan Machinery Inc. and its subsidiaries (collectively, "Titan Machinery," the "Company," "we," or "our") own and operate a network of…View ↗
We sell new agricultural and construction equipment manufactured under the CNH family of brands and equipment from a variety of other…View ↗
We provide set-up and repair and maintenance services, including warranty repairs, for our customers' equipment. Our stores have service…View ↗
Our United States agriculture customers vary from small, single machine owners to large farming operations and commercial application…View ↗
Our United States construction customers include a wide range of construction contractors, public utilities, forestry, energy companies…View ↗
How Do They Make Money?
Equipment buyers or their financing companies pay around delivery, though payment may arrive before or after; parts are usually paid on delivery, with unpaid balances due within 30 days. Repair customers are usually invoiced when work ends and often pay then; Titan also rents equipment for days to full seasons.
10-K for FY2026, filed Mar 31, 2026Equipment Revenue. Equipment revenue transactions include the sale of new and used agricultural and construction equipment. The Company…View ↗
Parts Revenue. We sell a broad range of maintenance and replacement parts for both equipment that we sell and other types of equipment. The…View ↗
Service Revenue. We provide repair and maintenance services, including repairs performed under manufacturer warranties, for our customer’s…View ↗
We rent equipment to our customers, primarily in the Construction segment, for periods ranging from a few days to full seasons. We manage…View ↗
$2.4B
-
10-K for FY2026, filed Mar 31, 2026
$2.4B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Equipment
Sold outright
10-K for FY2026, filed Mar 31, 2026 |
73%
FY2023: 77%
|
Equipment, FY2026
$1.8B Sources
|
Sold outright |
|
Parts
Sold outright
10-K for FY2026, filed Mar 31, 2026 |
18%
FY2023: 15%
|
Parts, FY2026
$428.3M Sources
|
Sold outright |
|
Service
Usage-based
|
7.3%
FY2023: 5.9%
|
Service, FY2026
$177.9M Sources
|
Usage-based |
|
Rental and Other
Recurring
|
1.9% |
Rental and Other, FY2026
$46.4M Sources
|
Recurring |
Who Are Their Customers?
Farmers and farming operations, contractors, utilities, municipalities and other equipment users buy through Titan's local stores and sales staff. Parts can also be bought on its website, and aged equipment is sometimes sold through auctions.
10-K for FY2026, filed Mar 31, 2026Our United States agriculture customers vary from small, single machine owners to large farming operations and commercial application…View ↗
Our United States construction customers include a wide range of construction contractors, public utilities, forestry, energy companies…View ↗
our sales employees, who operate out of our network of local stores and call on customers in the markets surrounding each store; our store…View ↗
Our website, www.titanmachinery.com, is the central hub for all of our marketing campaigns. We maintain a large amount of content related…View ↗
In certain circumstances, we sell aged equipment inventories through alternative channels such as onsite and online auctions.View ↗
Do Revenues Turn Into Profits?
No. It lost $54.2M in FY2026.
10-K for FY2026, filed Mar 31, 2026
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2027, filed Sep 3, 2026
−$9.2MView ↗
- ▲ +53% (Loss)
- vs −$6M in Q2 FY2026
10-Q for Q2 FY2027, filed Sep 3, 2026
Open tableView ↗
Growing. Revenue grew 42% in 4 years, from $1.7B in FY2022 to $2.4B in FY2026, about 9% a year.
Added Australian stores
The older report described its store network in the United States and Europe; the latest also includes Australia.
10-K for FY2023, filed Mar 30, 2023 10-K for FY2026, filed Mar 31, 2026Titan Machinery Inc. and its subsidiaries (collectively, "Titan Machinery," the "Company," "we," or "our") own and operate a network of…View ↗
Titan Machinery Inc. and its subsidiaries (collectively, "Titan Machinery," the "Company," "we," or "our") own and operate a network of…View ↗
Who Do They Compete With?
Competes with Deere, Caterpillar, Kubota, AGCO, RDO Equipment, Butler Machinery, Ziegler, Brandt Holdings, Wagner Equipment, 21st Century Equipment, AKRS Equipment Solutions, C & B Operations, and Van Wall Equipment
10-K for FY2026, filed Mar 31, 2026The agricultural and construction equipment sales and distribution industries are highly competitive and fragmented. Our competitors range…View ↗
Loading...
