Titan Machinery Inc. (TITN)

Titan Machinery Income Statement

Financials in millions USD. Fiscal year is February - January.

Year	2023	2022	2021	2020	2019
Revenue	2,758	2,209	1,712	1,411	1,305
Revenue Growth (YoY)	24.86%	29.06%	21.31%	8.13%	3.46%
Cost of Revenue	2,227	1,769	1,379	1,150	1,054
Gross Profit	531.35	439.84	332.72	261.36	250.82
Selling, General & Admin	362.51	301.52	241.04	220.77	225.72
Other Operating Expenses	0	0	1.5	3.18	3.76
Operating Expenses	362.51	301.52	242.54	223.95	229.49
Operating Income	168.85	138.32	90.18	37.41	21.33
Interest Expense / Income	21.11	6.94	5.71	7.18	9.81
Other Expense / Income	-3.3	-3.86	-2.43	-0.53	-3.13
Pretax Income	151.04	135.24	86.9	30.75	14.65
Income Tax	38.6	33.37	20.85	11.4	0.7
Net Income	112.44	101.87	66.05	19.36	13.95
Net Income Growth	10.38%	54.24%	241.22%	38.72%	14.54%
Shares Outstanding (Basic)	22	22	22	22	22
Shares Outstanding (Diluted)	22	22	22	22	22
Shares Change	0.53%	0.59%	0.65%	0.69%	0.63%
EPS (Basic)	4.93	4.50	2.93	0.86	0.63
EPS (Diluted)	4.93	4.49	2.92	0.86	0.63
EPS Growth	9.80%	53.77%	239.53%	36.51%	14.55%
Free Cash Flow	-87.51	-22.64	137.34	159.5	-21.65
Free Cash Flow Per Share	-3.89	-1.01	6.18	7.22	-0.99
Gross Margin	19.26%	19.91%	19.44%	18.52%	19.22%
Operating Margin	6.12%	6.26%	5.27%	2.65%	1.63%
Profit Margin	4.08%	4.61%	3.86%	1.37%	1.07%
Free Cash Flow Margin	-3.17%	-1.02%	8.02%	11.30%	-1.66%
Effective Tax Rate	25.56%	24.68%	24.00%	37.06%	4.77%
EBITDA	203.62	167.38	114.75	61.64	64.76
EBITDA Margin	7.38%	7.58%	6.70%	4.37%	4.96%
Depreciation & Amortization	31.48	25.2	22.14	23.7	40.3
EBIT	172.15	142.19	92.61	37.94	24.46
EBIT Margin	6.24%	6.44%	5.41%	2.69%	1.87%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).