Titan Machinery Inc.
TITN · Retail-Retail Stores, NEC · 23.3M shares · +1%/yr ↑ shares · EDGAR filings ↗
Reference price $15.20 · est. market cap ~$354M — last insider purchase, 2025-04-03 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D51Largest Case IH dealer but a FY2026 loss year with negative operating, net and equity returns and double-digit revenue decline amid a weak farm-income cycle.
Strengths
- Scaled, diversified dealer network (90 US, 39 Europe, 15 Australia) with stable parts/service mix
- Moderate leverage (D/E 0.27) and net income growth +47% (87.5th pct, off a low base)
Risks
- Operating margin -0.3%, net margin -2.2%, ROE -9.3%, ROA -3.3% — a loss year
- Revenue down 10.2% (13.5th pct) and weak quick ratio 0.24 (15.4th pct)
- Heavy dependence on CNH for products, financing and dealer agreements
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -2.2%)
- Revenue declineRevenue -18.6% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
15.8%
Operating margin
-0.3%
Net margin
-2.2%
Return on equity
-9.4%
Return on assets
-3.4%
ROIC
-0.7%
Revenue growth (QoQ)
-18.6%
Debt / equity
0.3×
Current ratio
1.4×
EBITDA
$31M
Tangible book value
$462M
Stock comp / revenue
0.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | CHRISTIANSON TONY | Grant | 3.4K | — |
| 2026-06-08 | Meyer David Joseph | Grant | 3.4K | — |
| 2026-06-08 | MACK RICHARD L | Grant | 3.4K | — |
| 2026-06-08 | Lewis Richard | Grant | 3.4K | — |
| 2026-06-08 | Horner Jody L | Grant | 3.4K | — |
| 2026-06-08 | HAMILTON CHRISTINE E | Grant | 3.4K | — |
| 2026-06-08 | Anglin Frank | Grant | 3.4K | — |
| 2026-06-01 | Larsen Robert | Grant | 22K | — |
| 2026-06-01 | Knutson Bryan J | Grant | 27K | — |
| 2026-04-01 | Larsen Robert | Tax withheld | 6.1K | $17.35 |
| 2026-04-01 | Knutson Bryan J | Tax withheld | 10.0K | $17.35 |
| 2025-06-19 | Meyer David Joseph | Grant | 1.5K | — |
| 2025-06-02 | Knutson Bryan J | Grant | 31K | — |
| 2025-06-02 | Larsen Robert | Grant | 24K | — |
| 2025-06-02 | Anglin Frank | Grant | 4.3K | — |
| 2025-06-02 | CHRISTIANSON TONY | Grant | 4.3K | — |
| 2025-06-02 | Erickson Stan K. | Grant | 4.3K | — |
| 2025-06-02 | HAMILTON CHRISTINE E | Grant | 4.3K | — |
| 2025-06-02 | Horner Jody L | Grant | 4.3K | — |
| 2025-06-02 | Lewis Richard | Grant | 4.3K | — |
| 2025-06-02 | MACK RICHARD L | Grant | 4.3K | — |
| 2025-06-02 | Meyer David Joseph | Grant | 4.3K | — |
| 2025-04-03 | Larsen Robert | Buy | 658 | $15.20 |
| 2025-04-01 | Larsen Robert | Tax withheld | 4.5K | $16.96 |
| 2025-04-01 | Knutson Bryan J | Tax withheld | 8.5K | $16.96 |
| 2025-03-24 | Meyer David Joseph | Buy | 3.0K | $16.86 |
| 2025-03-21 | Meyer David Joseph | Buy | 23K | $16.83 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-06-09 | 2026-04-30 | 0001628280-26-041821 ↗ |
| 8-K | 2026-06-09 | 2026-06-08 | 0001628280-26-041798 ↗ |
| 8-K | 2026-06-09 | 2026-06-09 | 0001628280-26-041762 ↗ |
| 10-K | 2026-03-31 | 2026-01-31 | 0001628280-26-022376 ↗ |
| 8-K | 2026-03-19 | 2026-03-19 | 0001628280-26-019629 ↗ |
| 8-K | 2026-03-13 | 2026-03-11 | 0001628280-26-017551 ↗ |
| 10-Q | 2025-12-04 | 2025-10-31 | 0001628280-25-055360 ↗ |
| 8-K | 2025-11-25 | 2025-11-25 | 0001628280-25-053907 ↗ |
| 10-Q | 2025-09-04 | 2025-07-31 | 0001409171-25-000083 ↗ |
| 8-K | 2025-08-28 | 2025-08-28 | 0001409171-25-000079 ↗ |
| 10-Q | 2025-06-05 | 2025-04-30 | 0001409171-25-000072 ↗ |
| 8-K | 2025-06-03 | 2025-06-02 | 0001409171-25-000047 ↗ |