Titan Machinery (TITN) Cash Flow: Operating & Free Cash Flow

Titan Machinery Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Titan Machinery Inc. (TITN) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jan 2026	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017
Operating Activities
Net Income	-54.17	-36.91	112.44	101.87	66.05	19.36	13.95	12.18	-7.05	-14.54
Depreciation & Amortization	37.57	38.60	31.48	25.20	22.14	23.70	28.07	23.61	25.11	26.87
Deferred Income Tax	2.56	-15.81	2.91	7.64	4.32	-3.54	-1.66	2.51	-8.92	-2.84
Stock Based Compensation	5.57	4.29	3.12	3.23	2.55	2.52	2.69	2.54	3.44	2.15
Change in Working Capital	145.19	59.50	-189.14	-136.24	56.08	117.45	-58.11	-0.43	81.34	123.69
Change in Accounts Receivable	-0.50	28.80	-48.09	5.27	-37.04	4.47	6.22	-13.48	-1.00	-1.89
Change in Inventory	235.73	166.18	-476.39	-180.93	5.80	199.25	-99.47	5.00	20.34	211.79
Change in Accounts Payable	-85.34	-111.38	350.27	55.70	9.69	36.21	-1.89	10.69	8.45	1.82
Change in Other Working Capital	6.17	22.36	0.62	4.62	77.63	-122.47	37.03	-2.64	53.56	-88.04
Other Operating Activities	3.30	22.36	9.82	16.77	7.78	13.52	16.02	6.20	1.90	5.67
Net Cash from Operating Activities	137.45	70.29	-32.28	10.82	158.92	173.00	0.96	46.61	95.81	141.00
Investing Activities
Capital Expenditures	-22.36	-51.85	-62.36	-37.21	-37.63	-20.09	-25.02	-11.95	-26.12	-12.43
Acquisitions	-19.80	-0.26	-107.55	-100.47	-33.64	-6.79	-13.89	-15.30	-3.65	2.39
Other Investing Activities	0.84	4.36	-0.60	-0.14	16.07	6.58	2.43	1.42	5.18	3.30
Net Cash from Investing Activities	-22.71	-47.75	-163.37	-134.07	-55.20	-20.30	-36.47	-25.83	-24.59	-9.13
Financing Activities
Debt Repayment	-21.32	-18.50	-13.05	-7.64	-20.07	-117.03	23.38	-18.71	-32.88	-165.76
Other Financing Activities	-0.91	-4.72	-1.13	-1.15	-15.26	-0.91	-0.51	1.98	-38.59	-2.22
Net Cash from Financing Activities	-123.71	-23.62	188.58	21.96	-35.34	-117.94	22.87	-16.73	-71.47	-167.98
Summary
Effect of Forex Changes on Cash	1.23	-1.09	1.23	-0.95	-1.22	0.51	-0.38	-0.70	0.49	-0.21
Net Change in Cash	-7.73	-2.17	-5.85	-102.24	67.16	35.27	-13.02	3.35	0.25	-36.31
Cash at Beginning of Period	35.90	38.07	43.91	146.15	78.99	43.72	56.75	53.40	53.15	89.47
Cash at End of Period	28.16	35.90	38.07	43.91	146.15	78.99	43.72	56.75	53.40	53.15
Free Cash Flow	115.10	18.45	-94.64	-26.40	121.29	152.91	-24.06	34.65	69.70	128.57
Supplemental Disclosures
Interest Paid	-	48.29	19.38	6.52	5.40	7.36	-	-	-	-
Income Taxes Paid	-	6.56	39.84	26.58	22.95	2.79	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Titan Machinery Cash Flow

What is Titan Machinery's free cash flow?

Titan Machinery generated free cash flow of $115.09M in fiscal 2026 (fiscal year ended Jan 31, 2026), operating cash flow of $137.45M minus $22.36M of capital expenditures. That was up 524.0% from $18.45M a year earlier. Free cash flow equaled 4.7% of revenue.

How much does Titan Machinery spend on capital expenditures?

Titan Machinery spent $22.36M on capital expenditures in fiscal 2026, compared with $51.84M a year earlier. That equals 16.3% of operating cash flow.

Does Titan Machinery pay dividends or buy back shares?

Titan Machinery's cash flow statement for fiscal 2026 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition