Titan Machinery
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Titan Machinery's past years’ income statements indicate that its last revenue has increased compared to the previous period by 25% to $2,758,445,000. The net income raised on $110,922,000 and profit margin reached 4%. Total operating expenses were $362,509,000.
Profit Margin
| 2015 | 1.90B | -32.15M | -1.69% |
|---|---|---|---|
| 2016 | 1.36B | -37.89M | -2.77% |
| 2017 | 1.21B | -14.17M | -1.17% |
| 2018 | 1.20B | -7.04M | -0.59% |
| 2019 | 1.26B | 12.18M | 0.97% |
| 2020 | 1.30B | 13.95M | 1.07% |
| 2021 | 1.41B | 19.35M | 1.37% |
| 2022 | 1.71B | 66.04M | 3.86% |
| 2023 | 2.20B | 101.86M | 4.61% |
| 2024 | 2.75B | 110.92M | 4.02% |
TITN Income Statement (2015 – 2024)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 2.75B | 2.20B | 1.71B | 1.41B | 1.30B | 1.26B | 1.20B | 1.21B | 1.36B | 1.90B |
Cost of revenue | 2.22B | 1.76B | 1.37B | 1.14B | 1.05B | 1.02B | 987.63M | 999.35M | 1.16B | 1.59B |
Gross profit | 531.35M | 439.83M | 332.72M | 261.36M | 250.81M | 231.58M | 215.3M | 213.72M | 205.91M | 308.38M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 362.50M | 301.51M | 241.04M | 220.77M | 225.72M | 201.53M | 203.20M | 211.37M | 220.52M | 273.27M |
Operating income | 168.84M | 138.32M | 90.18M | 37.40M | 21.33M | 27.48M | 925K | -2.37M | -23.11M | 723K |
Other income (expenses), net | -17.80M | -3.08M | -3.28M | -6.65M | -6.68M | -2.57M | -11.17M | -20.34M | -8.5M | -39.06M |
Income before tax | 151.04M | 135.24M | 86.90M | 30.75M | 14.65M | 16.15M | -14.43M | -22.71M | -56.21M | -38.34M |
Income tax expense | 38.59M | 33.37M | 20.85M | 11.39M | 699K | 3.97M | -7.39M | -8.17M | -17.98M | -4.92M |
Net income | 110.92M | 101.86M | 66.04M | 19.35M | 13.95M | 12.18M | -7.04M | -14.17M | -37.89M | -32.15M |
Earnings per share | ||||||||||
Basic EPS | 4.93 | 4.5 | 2.93 | 0.86 | 0.63 | 0.56 | -0.33 | -0.67 | -1.79 | -1.54 |
Diluted EPS | 4.93 | 4.49 | 2.92 | 0.86 | 0.63 | 0.56 | -0.33 | -0.65 | -1.75 | -1.5 |
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