Forensic Analysis · Retail / Consumer Discretionary · as of Jun 27, 2026
Titan Machinery Inc. (TITN)
A forensic read on Titan Machinery Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Grey Zone
Financial health
2.5
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-9.0%
ROE
$500M
Market cap
Titan Machinery Inc. earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is 2.5, placing it in the Grey zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-1%Return on invested capital.Return on invested capital is -1% and slipping from 15% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
+0.5%/yrShare-count dilution.Diluted share count changed +2% over the last 3 years to FY2026 (+0.5%/yr). Roughly flat — buybacks are about offsetting stock comp, not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
$2MGoodwill impairments.Took $2M of goodwill writedowns across 2 year(s) (FY2021 ($1M), FY2025 ($531,000)) — about 1% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Net Margin-2.2%
Debt / Equity0.31x
Free Cash Flow$126.7M
Latest Revenue$2.43B
Return on Equity-9.4%
Revenue Growth YoY-10.2%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Titan Machinery Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about TITN's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown