Titan Machinery Inc.
Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores across the United States, Europe, and Australia. The company sells new and used machinery, parts, repair and maintenance services, and rental equipment through a multi-brand dealership network anchored by CNH Industrial products.
Tilikausi 2026 · muutos edellisvuodesta
Kehitys 2021–2026
Liiketoiminta
Osuus liikevaihdostaSales of new agricultural and construction machinery, primarily CNH Industrial brands plus select other manufacturers.
Resale of used machinery, largely sourced from customer trade-ins and selective purchases.
Replacement parts and aftermarket components sold through dealership locations and service channels.
In-store and on-site maintenance, repair, and technical support for customer equipment.
Short- and seasonal-term equipment rentals plus transportation, GPS, and farm data services.
Tuotteet
Raportoitu · osuus liikevaihdosta- Sales of Equipment73,1 %
- Sales of Parts17,6 %
- Service Sales7,3 %
- Other Revenue1,9 %
Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
Titan Machinery sells to agricultural producers, commercial farming operations, and construction-related customers that need equipment, parts, and service support. Its customer base also includes municipalities, utilities, forestry and energy companies, and smaller owner-operators that buy through local dealership relationships. The business depends on repeat equipment replacement cycles and on the installed base that generates parts and service demand.
Farm operators ranging from single-machine owners to large commercial farms buying tractors, harvesters, and attachments, plus parts and service.
Contractors, municipalities, utilities, forestry, energy, and maintenance firms buying construction equipment, rentals, and repair support.
Customers across Titan's European dealership footprint buying CNH and other equipment, parts, and service through local stores.
Agricultural and construction customers served through Titan's Australian dealership network, with equipment sales and support services.
Strategia
Titan Machinery's strategy centers on dealership density, local service capability, and a broad equipment offering that supports one-stop customer relationships. The company also uses acquisitions to expand into adjacent markets and add locations, while leveraging the installed base to grow parts, service, and rental activity. Its multi-brand assortment and ancillary products are intended to deepen customer relationships and reduce reliance on any single equipment sale.
Adds market coverage, customer relationships, and scale in fragmented regional markets.
Installed equipment creates recurring demand and improves customer retention.
A broad product line helps win customers and capture more wallet share.
Europe and Australia diversify the business but require country-specific execution.
Maantiede
Q2/2026Titan Machinery operates dealership locations in the United States, Europe, and Australia, with a large U.S. footprint and smaller international networks. The company has stores in multiple U.S. farm and construction markets, plus locations in Bulgaria, Germany, Romania, Ukraine, and Australia, which makes local market access and logistics central to the model. International operations add currency, regulatory, and geopolitical exposure, while the U.S. footprint ties performance to farm income and regional construction activity.
Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.
Riskit
Titan Machinery is exposed to supplier concentration, because most new equipment and parts come from CNH Industrial and the company depends on CNH's brand strength and product pipeline. Demand is cyclical and tied to farm income, construction activity, inventory availability, and dealer pricing, while international operations add currency, regulatory, and geopolitical risk. The service business also faces pressure from right-to-repair developments and from customers using alternative channels for used or aged equipment.
- Dependence on CNH IndustrialVaikutus: KorkeaTodennäköisyys: Kohtalainen
Most new equipment and aftermarket parts are sourced from CNH, so product quality, pricing, and reputation flow through to Titan's sales.
Kohdistuu: New equipment and parts
- Agricultural demand cyclicalityVaikutus: KorkeaTodennäköisyys: Kohtalainen
Farm equipment demand depends on commodity prices and net farm income, which drive replacement and expansion spending.
Kohdistuu: Agriculture segment
- International and geopolitical exposureVaikutus: KorkeaTodennäköisyys: Kohtalainen
Operations in Europe and Australia, including Ukraine, face currency, tariff, and conflict-related uncertainty.
Kohdistuu: Europe and Australia segments
- Right-to-repair and service disintermediationVaikutus: KeskitasoTodennäköisyys: Korkea
Broader access to diagnostic tools and manuals could shift repair work away from dealers.
Kohdistuu: Service and parts revenue
- Supply chain and inventory volatilityVaikutus: KeskitasoTodennäköisyys: Matala
Lead times and manufacturer production shifts can cause quarter-to-quarter swings in inventory and sales timing.
Kohdistuu: Equipment sales and working capital
Kirjanpito
Harkinnanvaraiset erätUsed and aged equipment values can move with market supply-demand conditions, affecting gross margin and write-down risk.
Vaikutus: Equipment sales and inventory carrying values
Acquisition-driven growth creates goodwill that must be tested for impairment when market conditions weaken.
Vaikutus: Reported earnings and balance sheet
Store assets are tested when operating losses or disposal plans suggest carrying values may not be recoverable.
Vaikutus: Operating income and asset values
Sales of equipment, parts, rentals, and services are recognized at different points in time, affecting quarterly comparability.
Vaikutus: Revenue mix and seasonality
Samankaltaisia listattuja yhtiöitä
Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.
Titan International, Inc. (DE)
TWI · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Titan International is a U.S.-based industrial manufacturer of wheels, tires, assemblies, and undercarriage products for off-highway equipment.
CNH Industrial N.V.
CNH · Construction Machinery & Equip
Titan America SA
TTAM · Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Titan America SA produces cement and related building materials for construction markets along the U.S.
Titan Environmental Solutions Inc.
TESI · Services-Computer Programming Services
Titan Mining Corp
TII · Gold and Silver Ores
Titan Mining Corp is a U.S.-based natural resources company centered on critical minerals production and development.
The Eastern Company
EML · Cutlery, Handtools & General Hardware
Päivitetty: 24.9.2026