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Titan Machinery (TITN)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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Titan Machinery Income Statement 2026-2009 | TITN
Brief overview of financial results at Titan Machinery
The figures are compared over a five-year interval. Revenue at Titan Machinery moved from 1.4 billion dollars in 2021 to 2.4 billion dollars in 2026. The cumulative result was +72%, corresponding to roughly 11.5% per year. Revenue followed a strong upward trend without signs of stagnation.
At the gross-profit level, the result moved from 261 million dollars to 383 million dollars, a change of +46.4%. Costs absorbed a larger share of revenue over the period. Gross margin moved from 18.5% to 15.8%. Weakening gross profitability reduces the quality of the top-line trend.
Over the period, EBITDA shifted from 61.1 million dollars to 30.9 million dollars, a change of −49.5%. EBITDA lagged revenue, showing weaker operating momentum. At the operating-margin level, the figure shifted from 4.3% to 1.3%. The business retained less EBITDA from each unit of revenue.
Net income moved from 19.4 million dollars at the start to −54.2 million dollars at the end. The emergence of a loss requires close attention to costs and the operating model.
Over the period, capitalization shifted from $626 million to $380 million (−39.3%). The market has not yet confirmed the improvement in fundamentals.
Conclusion
The indicators point to a weaker financial profile. Key strengths include sales growth. The most visible risks are weaker operating efficiency, a narrow EBITDA buffer and declining capitalization. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Titan Machinery
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
380 M | 339 M | 529 M | 632 M | 628 M | 626 M | 222 M | 433 M | 441 M | 309 M | 213 M | 320 M | 336 M | 601 M | 527 M | 449 M | - | - |
Shares |
22.7 M | 22.6 M | 22.5 M | 22.4 M | 22.2 M | 22.1 M | 21.9 M | 22.2 M | 22.1 M | 21.8 M | 21.6 M | 21.4 M | 21.3 M | 21.1 M | 19.8 M | 17.7 M | 17.6 M | - |
Historical Prices |
16.7 | 15 | 23.5 | 28.2 | 28.2 | 28.3 | 24.5 | 10.1 | 19.2 | 19.9 | 14.2 | 9.52 | 14.4 | 15.8 | 28.2 | 26.2 | - | - |
Net Income |
-54.2 M | -36.9 M | 112 M | 102 M | 66 M | 19.4 M | 14 M | 12.2 M | -7.05 M | -14.2 M | -37.9 M | -32.2 M | 8.85 M | 42.5 M | 44.2 M | 22.3 M | 15.7 M | - |
Revenue |
2.43 B | 2.7 B | 2.76 B | 2.21 B | 1.71 B | 1.41 B | 1.31 B | 1.26 B | 1.2 B | 1.21 B | 1.37 B | 1.9 B | 2.23 B | 2.2 B | 1.66 B | 1.09 B | 839 M | - |
Cost of Revenue |
2.04 B | 2.31 B | 2.23 B | 1.77 B | 1.38 B | 1.15 B | 1.05 B | 1.03 B | 977 M | 988 M | 1.16 B | 1.59 B | 1.88 B | 1.86 B | 1.38 B | 920 M | 698 M | - |
Gross Profit |
383 M | 396 M | 531 M | 440 M | 333 M | 261 M | 251 M | 232 M | 215 M | 214 M | 206 M | 308 M | 348 M | 339 M | 275 M | 175 M | 141 M | - |
Operating Income |
-6.71 M | 4.01 M | 169 M | 138 M | 90.2 M | 37.4 M | 21.3 M | 27.5 M | 925 K | -2.37 M | -23.1 M | 723 K | 46.9 M | 91.8 M | 81.6 M | 44 M | 32.1 M | - |
Interest Expense |
4.39 M | -4.18 M | 3.3 M | 6.94 M | 5.71 M | 7.18 M | 9.81 M | 13.9 M | 17 M | 21.9 M | 32.6 M | 34.8 M | 30.6 M | 22.8 M | 9.67 M | 8.58 M | - | - |
EBITDA |
30.9 M | 42.6 M | 200 M | 164 M | 112 M | 61.1 M | 53.2 M | 53.7 M | 37.2 M | 29.2 M | 13.9 M | 66.9 M | 87.7 M | 115 M | 96.9 M | 53 M | 40 M | - |
Operating Expenses |
385 M | 390 M | 363 M | 302 M | 241 M | 221 M | 226 M | 202 M | 203 M | 211 M | 221 M | 273 M | 291 M | 248 M | 194 M | 131 M | 109 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Titan Machinery
| 2027-Q2 | 2027-Q1 | 2026-Q4 | 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
22.8 M | 22.8 M | - | 22.8 M | 22.8 M | 22.7 M | - | 22.6 M | 22.8 M | 22.7 M | 23.1 M | 22.6 M | 22.6 M | 22.5 M | 22.8 M | 22.5 M | 22.5 M | 22.4 M | 22.7 M | 22.4 M | 22.4 M | 22.3 M | 22.6 M | 22.2 M | 22.3 M | 22.2 M | 22.3 M | 22.1 M | 22.1 M | 22 M | 22.2 M | 22 M | 22 M | 21.9 M | 22.1 M | 21.8 M | 21.8 M | 21.7 M | 21.8 M | 21.6 M | 21.5 M | 21.4 M | 21.6 M | 21.2 M | 21.2 M | 21.2 M | 21.4 M | 21.1 M | 21.1 M | 21 M | 21.3 M | 21 M | 21 M | 21 M | 21.1 M | 20.9 M | 20.9 M | 20.9 M | 20.9 M | 20.8 M | 20.8 M | 20.7 M | 17.9 M | 20.6 M | 20.2 M | 17.8 M |
Net Income |
-6 M | -12.6 M | - | 1.2 M | -6 M | -13.2 M | - | 1.71 M | -6 M | -13.2 M | - | 1.71 M | -4.3 M | 9.44 M | - | 30.2 M | 31.3 M | 27 M | - | 41.3 M | 25 M | 17.5 M | - | 21.8 M | 11.2 M | 10.5 M | 673 K | 9.91 M | 6.4 M | 2.26 M | -2.16 M | 8.21 M | 5.51 M | -445 K | 1.68 M | 10.8 M | 5.18 M | -1.59 M | -8.24 M | 2.38 M | -5.19 M | -5.93 M | -35 M | 264 K | -2.52 M | -3.68 M | -27.5 M | 3.46 M | 6 K | -6.3 M | -393 K | 2.47 M | -614 K | -6.55 M | 15.6 M | 5.82 M | 3.83 M | -414 K | 17.8 M | 14.1 M | 5.21 M | 7.6 M | - | 12.8 M | 6.29 M | 7.27 M |
Revenue |
546 M | 522 M | - | 645 M | 546 M | 594 M | - | 680 M | 546 M | 594 M | - | 680 M | 634 M | 629 M | - | 694 M | 643 M | 570 M | - | 669 M | 497 M | 461 M | - | 454 M | 378 M | 373 M | - | 361 M | 303 M | 310 M | - | 361 M | 315 M | 278 M | 340 M | 361 M | 297 M | 244 M | 318 M | 330 M | 269 M | 264 M | 335 M | 332 M | 278 M | 285 M | 491 M | 345 M | 334 M | 353 M | 709 M | 493 M | 451 M | 465 M | 785 M | 588 M | 488 M | 442 M | 607 M | 582 M | 410 M | 422 M | - | 423 M | 311 M | 318 M |
Cost of Revenue |
453 M | 433 M | - | 533 M | 453 M | 503 M | - | 569 M | 453 M | 503 M | - | 569 M | 521 M | 507 M | - | 556 M | 509 M | 451 M | - | 529 M | 394 M | 372 M | - | 361 M | 303 M | 302 M | - | 288 M | 241 M | 252 M | - | 289 M | 251 M | 224 M | - | 291 M | 238 M | 196 M | - | 269 M | 216 M | 215 M | - | 274 M | 225 M | 231 M | - | 278 M | 272 M | 293 M | - | 408 M | 371 M | 390 M | - | 494 M | 405 M | 368 M | - | 488 M | 340 M | 351 M | - | 349 M | 255 M | 265 M |
Gross Profit |
93.6 M | 89.3 M | - | 111 M | 93.6 M | 90.9 M | - | 110 M | 93.6 M | 90.9 M | - | 110 M | 112 M | 122 M | - | 138 M | 133 M | 119 M | - | 140 M | 103 M | 88.7 M | - | 92.5 M | 75 M | 71 M | 61.1 M | 72.6 M | 62.7 M | 58.4 M | 55.6 M | 71.8 M | 64 M | 53.9 M | 52.1 M | 69.5 M | 58.9 M | 47.6 M | 48.8 M | 61.5 M | 52.8 M | 48.9 M | 16.3 M | 58.4 M | 52.9 M | 53.5 M | 68.1 M | 67.1 M | 62.1 M | 60.4 M | 97 M | 84.7 M | 79.7 M | 75.9 M | 105 M | 93.6 M | 83.5 M | 73.9 M | 92.8 M | 94.1 M | 70.4 M | 70.4 M | - | 74 M | 55.9 M | 52.8 M |
Operating Income |
662 K | -5.6 M | - | 10.3 M | 662 K | -5.74 M | - | 11.5 M | 662 K | -5.74 M | - | 11.5 M | 15.8 M | 22.6 M | - | 46.2 M | 44.6 M | 37.3 M | - | 54.7 M | 33.9 M | 24.5 M | - | 29.5 M | 16.4 M | 14.5 M | - | 15.9 M | 9.61 M | 5.14 M | - | 13.5 M | 9.17 M | 1.21 M | - | 16.1 M | 10.5 M | 831 K | - | 8.52 M | -3.26 M | -5.41 M | - | 5.01 M | 1.42 M | -1.2 M | - | 13.6 M | 6.79 M | 1.72 M | - | 15.2 M | 11.7 M | 1.99 M | - | 18.6 M | 13.4 M | 5.02 M | - | 30.1 M | 13.9 M | 15.6 M | - | 23.9 M | 11.8 M | 13.4 M |
Interest Expense |
2.64 M | 1.3 M | - | 3.44 M | 2.64 M | -488 K | - | 3.1 M | 2.64 M | -488 K | - | 3.1 M | -7.05 M | -288 K | - | -235 K | 641 K | 720 K | - | 1.8 M | 873 K | 492 K | - | 616 K | 654 K | 665 K | - | -360 K | 562 K | 130 K | - | 1.27 M | 620 K | 794 K | - | 160 K | 1.46 M | 385 K | - | 380 K | 682 K | - | - | 502 K | 612 K | 137 K | - | 722 K | 837 K | -2.12 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
1.16 M | 3.43 M | - | 38.5 M | 19 M | 3.18 M | - | 40.1 M | 1.16 M | 3.18 M | - | - | - | 31.3 M | - | - | - | 44.2 M | - | 73.1 M | 33.9 M | 29.8 M | - | 45.9 M | 27 M | 19.7 M | - | 33.6 M | 20.9 M | 10.5 M | - | 34.6 M | 22.4 M | 7.27 M | - | 34 M | 10.5 M | 6.36 M | - | 8.52 M | 9 M | 683 K | - | 24.9 M | 14.2 M | 5.01 M | - | 35.2 M | 20.6 M | 8.39 M | - | 39.1 M | 26.5 M | 8.72 M | - | 41.7 M | 26.7 M | 10.9 M | - | 47.6 M | 24.1 M | 20.5 M | - | 34.1 M | 17.8 M | 16 M |
Operating Expenses |
92.7 M | 94.4 M | - | 100 M | 92.7 M | 96.4 M | - | 98.8 M | 92.7 M | 96.4 M | - | 98.8 M | 95.2 M | 99.2 M | - | 92.1 M | 88.8 M | 81.3 M | - | 84.9 M | 68.8 M | 64.2 M | - | 62.9 M | 57.1 M | 56.4 M | - | 54.1 M | 53.1 M | 53.1 M | - | 58.2 M | 54.9 M | 52.6 M | - | 53.3 M | 47.6 M | 46.7 M | - | 50.4 M | 50.5 M | 52 M | - | 53.1 M | 51.5 M | 54.5 M | - | 53.5 M | 55.4 M | 57.1 M | - | 69.5 M | 67.8 M | 71.2 M | - | 75 M | 70.1 M | 68.9 M | - | 64 M | 56.5 M | 54.9 M | - | 50.1 M | 44.1 M | 39.4 M |
Quarterly performance
Select metrics to display
All numbers in USD currency
The income statement is one of the three key financial reports of a company Titan Machinery (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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