Titan Machinery (TITN) Operating Expenses (2010 - 2026)
Titan Machinery (TITN) posted Operating Expenses of $94.4 million for Q2 2026, down 1.38% sequentially from $95.7 million in Q1 2026, and down 2.1% YoY from $96.4 million in Q2 2025.
Titan Machinery (TITN) Operating Expenses (2010 - 2026) Analysis & Trends
Titan Machinery has reported Operating Expenses for 17 years, with the latest figure at $94.4 million in Q2 2026.
- Quarterly Operating Expenses fell 2.1% year-over-year to $94.4 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $383.2 million (down 0.98% YoY) and the FY2026 annual result came in at $385.2 million, down 1.17% from the prior year.
- Operating Expenses declined to $94.4 million in Q2 2026 per TITN's latest filing, from $95.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $100.5 million in Q4 2025 and troughed at $64.2 million in Q2 2022.
- A 5-year average of $88.8 million and a median of $93.5 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 34.82% in 2022, then slipped 3.62% in 2025.
- Over 5 years, Operating Expenses stood at $84.9 million in 2022, then increased by 8.55% to $92.1 million in 2023, then climbed by 7.23% to $98.8 million in 2024, then gained by 1.72% to $100.5 million in 2025, then slipped by 6.06% to $94.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $94.4 million, $95.7 million, and $100.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.04 Bn | 61.46 Bn | 1.98 Bn | 1.18 Bn |
| 2 | Fastenal | 59.03 Bn | 58.83 Bn | 1.06 Bn | 561.80 Mn |
| 3 | Ferguson Enterprises | 47.99 Bn | 47.17 Bn | 2.32 Bn | 1.61 Bn |
| 4 | Wesco International | 17.78 Bn | 16.97 Bn | 1.46 Bn | 1.02 Bn |
| 5 | Applied Industrial Technologies | 13.25 Bn | 13.08 Bn | 380.80 Mn | 242.88 Mn |
| 6 | Watsco | 11.97 Bn | 11.50 Bn | 578.93 Mn | 348.99 Mn |
| 7 | Core & Main | 8.70 Bn | 8.55 Bn | 520.00 Mn | 343.00 Mn |
| 8 | Pool | 7.21 Bn | 7.18 Bn | 540.76 Mn | 273.08 Mn |
| 9 | Msc Industrial Direct | 6.76 Bn | 6.69 Bn | 430.41 Mn | 323.66 Mn |
| 10 | Titan Machinery | 413.11 Mn | 413.11 Mn | 89.28 Mn | 94.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 94.38 Mn |
| 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 |