Titan Machinery Inc. — Earnings Quality Grade F
TITN · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 12 days, change +2 days YoY
AR growth 10.9% exceeds revenue growth -10.2%
Revenue -10.2%, CFFO 95.5%. Cash follows revenue
Expense Quality
Inventory -18.5% vs COGS -11.4%. Normal
CapEx growth -56.9% vs revenue -10.2%. Normal
Insufficient data
Gross margin 15.8%, change +1.1pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.1B, FCF/NI = -2.12
Accruals ratio = -11.9%. Low accruals
Cash $0.0B covers only 3% of debt $0.8B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 20% of equity. Manageable
Debt/EBITDA = 23.4x (>4x). Interest coverage = -0.1x (<2x). Financial stress
Other assets -60.5% vs revenue -10.2%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 7% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25