Titan Machinery Inc. Income Statement
TITN|15 years of annual SEC 10-K data (FY2011-FY2026)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Titan Machinery Inc. reported $2.8B in revenue and $112M in net income for FY2026. Revenue has grown at a 8.3% compound annual rate over the past 15 years.
Based on SEC 10-K filings.
Key Data Points
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8B | $2.2B | $1.7B | $1.4B | $1.3B | $1.3B | $1.2B | $1.2B | $1.4B | $1.9B | $2.2B | $2.2B | $1.7B | $1.1B | $838.8M |
| Cost of Revenue | $2.2B | $1.8B | $1.4B | $1.1B | $1.1B | $1.0B | $977.3M | $988.0M | $1.2B | $1.6B | $1.9B | $1.9B | $1.4B | $919.9M | $697.7M |
| 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 |
| Operating Income | $168.8M | $138.3M | $90.2M | $37.4M | $21.3M | $27.5M | $925.0K | -$2.4M | -$23.1M | $723.0K | $46.9M | $91.8M | $81.6M | $44.0M | $32.1M |
| Interest Expense | - | - | - | $7.2M | $9.8M | $13.9M | $17.0M | $21.9M | $32.6M | $34.8M | $30.6M | $22.8M | $9.7M | $8.6M | $1.5M |
| Income Tax | $38.6M | $33.4M | $20.9M | $11.4M | $699.0K | $4.0M | -$7.4M | -$8.2M | -$18.0M | -$4.9M | $10.3M | $28.1M | $29.4M | $14.9M | $11.3M |
| Net Income | $112.4M | $101.9M | $66.0M | $19.4M | $14.0M | $12.2M | -$7.0M | -$14.2M | -$37.9M | -$32.2M | $8.9M | $42.5M | $44.2M | $22.3M | $15.7M |
| EPS (Basic) | $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 |
| EPS (Diluted) | $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 |
| Shares Outstanding | 23.1M | 22.8M | 22.7M | 22.6M | 22.6M | 22.3M | 22.2M | 22.1M | 21.8M | 21.6M | 21.4M | 21.3M | 21.1M | 20.9M | 17.9M |
| Gross Margin | 19.3% | 19.9% | 19.4% | 18.5% | 19.2% | 18.4% | 18.1% | 17.8% | 15.0% | 16.2% | 15.6% | 15.4% | 16.6% | 16.0% | 16.8% |
| Operating Margin | 6.1% | 6.3% | 5.3% | 2.6% | 1.6% | 2.2% | 0.1% | -0.2% | -1.7% | 0.0% | 2.1% | 4.2% | 4.9% | 4.0% | 3.8% |
| Profit Margin | 4.1% | 4.6% | 3.9% | 1.4% | 1.1% | 1.0% | -0.6% | -1.2% | -2.8% | -1.7% | 0.4% | 1.9% | 2.7% | 2.0% | 1.9% |