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COMPANY BENCHMARKING • UNITED STATES

Titan Machinery Inc. - Company Profile

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Titan Machinery Inc. - Overview

Description
Titan Machinery is a public company headquartered in North Dakota with an estimated 2,700 employees. In the US, the company has a notable market share in at least one industry: Tractors & Agricultural Machinery Manufacturing, where they account for an estimated 1.4% of total industry revenue and are considered an Incumbent because they display strong market share, but lower profit and revenue growth than some of their peers.
Company Details

Registered Name: Titan Machinery Inc.

Company Type: Operating

Exchange: Nasdaq

Headquarters: 644 East Beaton Drive West Fargo ND 58078

Website: https://www.titanmachinery.com/

Employees: 2700

Titan Machinery Inc. - Operating Industries and Main Competitors

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Titan Machinery Inc. - Products and Services

  • Tractors & Agricultural Machinery Manufacturing in the US

    • Of the 6 core revenue-generating products and services in the Tractors & Agricultural Machinery Manufacturing in the US industry, Titan Machinery Inc. offers:
    • Consumer lawn, garden and snow equipment and parts
    • Dairy farm equipment
    • Harvesting machinery
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error_outline To view Titan Machinery Inc.'s full products and services, see purchase options.

Titan Machinery Inc. - Analyst Insights

Revenue increases 25.8% YoY for Titan Machinery

In November 2021, Titan Machinery announced its third quarter financial results for fiscal 2022 (year-end January). The company reported $454.0 million in revenue over the quarter, which represents a 25.8% increase from $360.9 million over fiscal 2021. Most of this growth was concentrated in its equipment sales, which represented $329.8 million in fiscal 2022, an expansion from $240.9 million over fiscal 2021. The only segment of sales that decreased was its rental services, but that represents a small fraction of revenue.

Balance Sheet


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Titan Machinery Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Titan Machinery Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Tractors & Agricultural Machinery Manufacturing in the US industry.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Titan Machinery Inc. - Financial Statements & Ratios

pie_chartTitan Machinery Inc. Income Statement

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Revenue2,209.31,711.91,411.21,305.21,261.51,192.6
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartTitan Machinery Inc. Balance Sheet

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Cash and EquivalentsN/A146.179.043.756.753.4
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartTitan Machinery Inc. Cash Flow

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Net IncomeN/AN/AN/A14.012.2-7.0
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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    Products and Services
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  • Products and Services
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