Titan Machinery Inc

Chart & Performance

D1W1MN

P/E

3.19

P/S

0.13

EPS

4.80

Div Yield, %

0.00%

Shrs. gr., 5y

0.62%

Rev. gr., 5y

16.94%

Revenues

2.76b

+24.86%

Net income

111m

+8.89%

CFO

-32m

Earnings

Mar 19, 2025

Profile

Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers. Its agricultural equipment includes machinery and attachments for use in the production of food, fiber, feed grain, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties. The company's construction equipment comprises heavy construction machinery, light industrial machinery for commercial and residential construction, road and highway construction machinery, and energy and forestry operations equipment. It also sells maintenance and replacement parts. In addition, the company offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers. Further, it rents equipment; and provides ancillary equipment support services, such as equipment transportation, global positioning system signal subscriptions and other precision farming products, farm data management products, and CNH Industrial finance and insurance products. The company operates in Colorado, Iowa, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming, the United States; and Bulgaria, Germany, Romania, and Ukraine, Europe. Titan Machinery Inc. was founded in 1980 and is headquartered in West Fargo, North Dakota.

URL

https://www.titanmachinery.com/

IPO date

Dec 06, 2007

Employees

2,700

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑01	2023‑01	2022‑01	2021‑01	2020‑01	2019‑01	2018‑01	2017‑01	2016‑01	2015‑01
Income
Revenues	2,758,445 24.86%	2,209,306 29.06%	1,711,906 21.31%
Cost of revenue	2,227,091	1,769,467	1,379,182
Unusual Expense (Income)
NOPBT	531,354	439,839	332,724
NOPBT Margin	19.26%	19.91%	19.44%
Operating Taxes	38,599	33,373	20,854
Tax Rate	7.26%	7.59%	6.27%
NOPAT	492,755	406,466	311,870
Net income	110,922 8.89%	101,868 54.24%	66,047 241.22%
Dividends
Dividend yield
Proceeds from repurchase of equity
BB yield
Debt
Debt current	918,303	275,468	150,892
Long-term debt	221,898	196,831	195,563
Deferred revenue	10,043
Other long-term liabilities	10,877	6,212	4,374
Net debt	1,102,135	428,386	200,306
Cash flow
Cash from operating activities	(32,280)	10,816	158,916
CAPEX	(62,361)	(37,211)	(37,627)
Cash from investing activities	(163,372)	(134,065)	(55,198)
Cash from financing activities	188,577	21,959	(35,335)
FCF	(233,082)	86,723	340,678
Balance
Cash	38,066	43,913	146,149
Long term investments
Excess cash			60,554
Stockholders' equity	398,985	279,765	180,744
Invested Capital	1,735,556	956,449	655,578
ROIC	36.61%	50.43%	47.52%
ROCE	30.22%	45.53%	46.33%
EV
Common stock shares outstanding	22,499	22,380	22,248
Price	26.73 -39.17%	43.94 42.66%	30.80 44.60%
Market cap	601,398 -38.84%	983,377 43.51%	685,238 45.54%
EV	1,703,533	1,411,763	885,544
EBITDA	562,833	465,036	354,863
EV/EBITDA	3.03	3.04	2.50
Interest	21,105	6,944	5,712
Interest/NOPBT	3.97%	1.58%	1.72%