Titan Machinery (FRA:3TY) Operating Income: €-2 Mil (TTM As of Apr. 2026)


FRA:3TY Titan Machinery Inc FRA:3TY
64 GF Score
Price €15.90
GF Value €14.77
Valuation Fairly Valued
! 5 Warning Signs
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What is Titan Machinery Operating Income?

Titan Machinery FRA:3TY -0.62% 64 Operating Income is €-2 Mil as of Apr. 2026. GuruFocus rates FRA:3TY with a GF Score™ of 64/100 and a GF Value™ of €14.77 (Fairly Valued). The stock has 5 warning signs investors should review.

Titan Machinery's Operating Income for the three months ended in Apr. 2026 was €-4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was €-2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Titan Machinery's Operating Income for the three months ended in Apr. 2026 was €-4 Mil. Titan Machinery's Revenue for the three months ended in Apr. 2026 was €447 Mil. Therefore, Titan Machinery's Operating Margin % for the quarter that ended in Apr. 2026 was -0.98%.

Titan Machinery's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Titan Machinery's annualized ROC % for the quarter that ended in Apr. 2026 was -1.36%. Titan Machinery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was -1.39%.


Titan Machinery  (FRA:3TY) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Titan Machinery's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=-17.44 * ( 1 - 0% )/( (1310.221 + 1256.909)/ 2 )
=-17.44/1283.565
=-1.36 %

where

Invested Capital(Q: Jan. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1376.006 - 41.817 - ( 23.968 - max(0, 656.941 - 927.573+23.968))
=1310.221

Invested Capital(Q: Apr. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1380.632 - 98.434 - ( 25.289 - max(0, 674.144 - 927.372+25.289))
=1256.909

Note: The Operating Income data used here is four times the quarterly (Apr. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Titan Machinery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-14.704/( ( (347.361 + max(698.127, 0)) + (350.857 + max(724.282, 0)) )/ 2 )
=-14.704/( ( 1045.488 + 1075.139 )/ 2 )
=-14.704/1060.3135
=-1.39 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(66.626 + 768.525 + 26.977) - (41.817 + 70.047 + 52.137)
=698.127

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(60.602 + 782.175 + 26.218) - (98.434 + 46.28 + -0.00099999999997635)
=724.282

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Titan Machinery's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=-4.36/446.636
=-0.98 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Titan Machinery Operating Income Related Terms


Titan Machinery Operating Income Historical Data

* Premium members only.

The historical data trend for Titan Machinery's Operating Income 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.

Titan Machinery Operating Income Chart

Titan Machinery Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.05 128.36 155.00 5.65 -2.28

Titan Machinery Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.87 0.84 9.06 -7.44 -4.36
FRA:3TY
64GF Score
Titan Machinery Inc FRA:3TY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Titan Machinery Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €-2 Mil mean?
Titan Machinery (FRA:3TY) has a Operating Income of €-2 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Titan Machinery and its competitors.
Is Titan Machinery's Operating Income too high?
Titan Machinery's current Operating Income is €-2 Mil. Overall, Titan Machinery has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Titan Machinery's Operating Income compare to BXC and EVI?
Titan Machinery's Operating Income of €-2 Mil can be compared against companies in the Industrial Distribution industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Industrial Distribution company?
A good Operating Income depends on the Industrial Distribution industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Titan Machinery and its competitors. Titan Machinery's current Operating Income is €-2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Titan Machinery stock overvalued right now?
Based on GuruFocus' analysis, Titan Machinery (FRA:3TY) is currently considered Fairly Valued. The stock's GF Value™ is €14.77, compared to a current price of €15.90 — trading 7.7% above its estimated fair value. The current Operating Income is €-2 Mil. Titan Machinery's overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Titan Machinery (FRA:3TY), the current Operating Income is €-2 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Titan Machinery (FRA:3TY) Overvalued in 2026?

Based on GuruFocus' analysis, Titan Machinery stock appears to be overvalued. The current stock price of €15.90 is trading 7.7% above its estimated GF Value™ of €14.77. GuruFocus considers Titan Machinery to be Fairly Valued.

Key valuation signals for FRA:3TY:

  • Operating Income: €-2 Mil
  • GF Value™: €14.77 vs. price of €15.90 (7.7% above fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the FRA:3TY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Titan Machinery Business Description

Other Exchanges TITN:USA
Address 644 East Beaton Drive, West Fargo, ND, USA, 58078-2648
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 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 Europe and Australia segments.
64GF Score

Get the complete analysis for FRA:3TY

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€15.90
Price
€14.77
GF Value