Titan Machinery Inc. (TITN) intrinsic value & 10-year financials
Titan Machinery Inc. (TITN) has a Graham intrinsic value of $104.29 per share. At $22.18 on Oct 17, 2026, the stock trades 79% below that value. Over the last 10 fiscal years revenue grew 8.0% a year to $2.4B, with an average return on invested capital of 7.0%.
- Graham intrinsic value
- $104.29
- Share price (Oct 17, 2026)
- $22.18
- Price vs Graham value
- 79% below
- Market cap
- $504.6M
- Revenue (FY2026)
- $2.4B
- Revenue growth (10-yr CAGR)
- 8.0%
- ROIC (10-yr avg)
- 7.0%
- Free cash flow (FY2026)
- —
TITN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $2.4B | -$54.2M | -$2.38 | — | -0.3% | -0.8% |
| FY2025 | $2.7B | -$36.9M | -$1.63 | — | 0.1% | 0.4% |
| FY2024 | $2.8B | $112.4M | $4.93 | — | 6.1% | 17.6% |
| FY2023 | $2.2B | $101.9M | $4.49 | — | 6.3% | 19.5% |
| FY2022 | $1.7B | $66.0M | $2.92 | — | 5.3% | 16.2% |
| FY2021 | $1.4B | $19.4M | $0.86 | — | 2.7% | 5.8% |
| FY2020 | $1.3B | $14.0M | $0.63 | -$9.8M | 1.6% | 5.2% |
| FY2019 | $1.3B | $12.2M | $0.55 | $40.3M | 2.2% | 6.3% |
| FY2018 | $1.2B | -$7.0M | -$0.32 | $82.3M | 0.1% | 0.1% |
| FY2017 | $1.2B | -$14.2M | -$0.65 | $131.7M | -0.2% | -0.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Titan Machinery Inc. has demonstrated mature, steady growth, with revenue compounding at 8.0% annually over the past decade.
Titan Machinery Inc. has historically struggled to out-earn its cost of capital, averaging just 7.0% ROIC.
Titan Machinery Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Titan Machinery Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $104.29 per share.