Titan Machinery (TITN) Operating Expenses (2010 - 2026)
Titan Machinery's (TITN) quarterly Operating Expenses came in at $95.7 million in Q1 2026, down 1.03% year-on-year from $96.7 million in Q1 2025, and down 4.75% quarter-over-quarter from $100.5 million in Q4 2025.
Titan Machinery (TITN) Operating Expenses (2010 - 2026) Analysis & Trends
Titan Machinery has disclosed Operating Expenses across 17 years of filings, most recently posting $95.7 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $95.7 million, down 1.03% year-over-year; the trailing twelve-month figure through Jan 2026 was $385.2 million (down 1.17% YoY), and the FY2026 annual result was $385.2 million, down 1.17% from the prior year.
- Operating Expenses came in at $95.7 million for Q1 2026 at Titan Machinery, down from $100.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $100.5 million in Q4 2025 to a low of $64.2 million in Q2 2022.
- The 5-year median for Operating Expenses is $92.7 million (2025), against an average of $88.4 million.
- Across the five-year window, Operating Expenses soared 34.82% in 2022 and retreated 3.62% in 2025, its largest moves.
- Titan Machinery's Operating Expenses stood at $84.9 million in 2022, then climbed by 8.55% to $92.1 million in 2023, then gained by 7.23% to $98.8 million in 2024, then increased by 1.72% to $100.5 million in 2025, then retreated by 4.75% to $95.7 million in 2026.
- The last three Operating Expenses figures came in at $95.7 million (Q1 2026), $100.5 million (Q4 2025), and $92.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.43 Bn | 62.25 Bn | 1.75 Bn | 1.11 Bn |
| 2 | Fastenal | 52.87 Bn | 52.56 Bn | 982.90 Mn | 535.30 Mn |
| 3 | Ferguson Enterprises | 43.71 Bn | 42.89 Bn | 2.32 Bn | 1.61 Bn |
| 4 | Wesco International | 17.21 Bn | 16.51 Bn | 1.29 Bn | 947.60 Mn |
| 5 | Watsco | 14.12 Bn | 13.98 Bn | 427.56 Mn | 322.85 Mn |
| 6 | Applied Industrial Technologies | 11.70 Bn | 11.53 Bn | 380.80 Mn | 242.88 Mn |
| 7 | Qxo | 11.53 Bn | 8.48 Bn | 409.30 Mn | 661.20 Mn |
| 8 | Core & Main | 9.91 Bn | 9.77 Bn | 428.00 Mn | 310.00 Mn |
| 9 | Pool | 6.54 Bn | 6.47 Bn | 329.87 Mn | 247.26 Mn |
| 10 | Titan Machinery | 546.41 Mn | 546.41 Mn | 86.96 Mn | 95.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 95.70 Mn |
| Oct 31, 2025 | 100.47 Mn |
| Jul 31, 2025 | 92.66 Mn |
| Apr 30, 2025 | 96.40 Mn |
| Jan 31, 2025 | 96.69 Mn |
| Oct 31, 2024 | 98.77 Mn |
| Jul 31, 2024 | 95.16 Mn |
| Apr 30, 2024 | 99.16 Mn |
| Jan 31, 2024 | 100.33 Mn |
| Oct 31, 2023 | 92.12 Mn |
| Jul 31, 2023 | 88.75 Mn |
| Apr 30, 2023 | 81.32 Mn |
| Jan 31, 2023 | 83.68 Mn |
| Oct 31, 2022 | 84.86 Mn |
| Jul 31, 2022 | 68.83 Mn |
| Apr 30, 2022 | 64.15 Mn |
| Jan 31, 2022 | 64.58 Mn |
| Oct 31, 2021 | 62.94 Mn |
| Jul 31, 2021 | 57.07 Mn |
| Apr 30, 2021 | 56.44 Mn |