The historical rank and industry rank for Titan Machinery's Gross Margin % or its related term are showing as below:
TITN'
s Gross Margin % Range Over the Past 10 Years
Min: 15.05 Med: 18.44 Max: 19.91
Current: 19.26
During the past 13 years, the highestGross Margin % of Titan Machinery was 19.91%. The lowest was 15.05%. And the median was 18.44%.
TITN's Gross Margin % is ranked worse than 65.03% of 143
companies
in the Industrial Distribution industry
Industry Median: 23.42
vs TITN: 19.26
Titan Machinery had a gross margin of 16.55% for the quarter that ended in Jan. 2024 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Titan Machinery was 1.10% per year.
Titan Machinery Gross Margin % Historical Data
The historical data trend for Titan Machinery's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Titan Machinery's Gross Margin %
For the Industrial Distribution subindustry, Titan Machinery's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Titan Machinery's Gross Margin % Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Titan Machinery's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Titan Machinery's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Titan Machinery had a gross margin of 16.55% for the quarter that ended in Jan. 2024 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Titan Machinery Gross Margin % Related Terms
Thank you for viewing the detailed overview of Titan Machinery's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Titan Machinery (Titan Machinery) Business Description
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TITN has been successfully added to your 