vs

Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and Titan Machinery Inc. (TITN). Click either name above to swap in a different company.

Titan Machinery Inc. is the larger business by last-quarter revenue ($644.5M vs $327.6M, roughly 2.0× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 0.2%, a 21.2% gap on every dollar of revenue. On growth, Navios Maritime Partners L.P. posted the faster year-over-year revenue change (-4.3% vs -5.2%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

Titan Machinery, Inc. is one of the largest dealers of agricultural and construction equipment and claims to be the largest dealer for the CNH Industrial brands in the world. It is based in West Fargo, North Dakota and has locations throughout the Midwestern United States, Australia, Austria, Bulgaria, Germany, Romania and Ukraine. The company is publicly traded on NASDAQ using the symbol TITN. As of 2023, the company reported a total revenue of US$2.209 billion.

NMM vs TITN — Head-to-Head

Bigger by revenue
TITN
TITN
2.0× larger
TITN
$644.5M
$327.6M
NMM
Growing faster (revenue YoY)
NMM
NMM
+0.9% gap
NMM
-4.3%
-5.2%
TITN
Higher net margin
NMM
NMM
21.2% more per $
NMM
21.4%
0.2%
TITN

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
NMM
NMM
TITN
TITN
Revenue
$327.6M
$644.5M
Net Profit
$69.9M
$1.2M
Gross Margin
90.5%
17.2%
Operating Margin
1.6%
Net Margin
21.4%
0.2%
Revenue YoY
-4.3%
-5.2%
Net Profit YoY
-31.1%
-30.1%
EPS (diluted)
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NMM
NMM
TITN
TITN
Q4 25
$644.5M
Q3 25
$546.4M
Q2 25
$327.6M
$594.3M
Q1 25
$759.9M
Q4 24
$679.8M
Q3 24
$633.7M
Q2 24
$342.2M
$628.7M
Q1 24
$852.1M
Net Profit
NMM
NMM
TITN
TITN
Q4 25
$1.2M
Q3 25
$-6.0M
Q2 25
$69.9M
$-13.2M
Q1 25
$-43.8M
Q4 24
$1.7M
Q3 24
$-4.3M
Q2 24
$101.5M
$9.4M
Q1 24
$24.0M
Gross Margin
NMM
NMM
TITN
TITN
Q4 25
17.2%
Q3 25
17.1%
Q2 25
90.5%
15.3%
Q1 25
6.7%
Q4 24
16.3%
Q3 24
17.7%
Q2 24
88.3%
19.4%
Q1 24
16.6%
Operating Margin
NMM
NMM
TITN
TITN
Q4 25
1.6%
Q3 25
0.1%
Q2 25
-1.0%
Q1 25
-6.0%
Q4 24
1.7%
Q3 24
2.5%
Q2 24
3.6%
Q1 24
4.8%
Net Margin
NMM
NMM
TITN
TITN
Q4 25
0.2%
Q3 25
-1.1%
Q2 25
21.4%
-2.2%
Q1 25
-5.8%
Q4 24
0.3%
Q3 24
-0.7%
Q2 24
29.7%
1.5%
Q1 24
2.8%
EPS (diluted)
NMM
NMM
TITN
TITN
Q4 25
$0.05
Q3 25
$-0.26
Q2 25
$-0.58
Q1 25
$-1.92
Q4 24
$0.07
Q3 24
$-0.19
Q2 24
$0.41
Q1 24
$1.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NMM
NMM
TITN
TITN
Cash + ST InvestmentsLiquidity on hand
$377.0M
Total DebtLower is stronger
$2.0B
$176.6M
Stockholders' EquityBook value
$612.6M
Total Assets
$5.9B
$1.8B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
TITN
TITN
Q4 25
Q3 25
Q2 25
$377.0M
Q1 25
Q4 24
Q3 24
Q2 24
$272.0M
Q1 24
Total Debt
NMM
NMM
TITN
TITN
Q4 25
$176.6M
Q3 25
$164.5M
Q2 25
$2.0B
$165.3M
Q1 25
$168.7M
Q4 24
$140.6M
Q3 24
$126.6M
Q2 24
$1.4B
$119.3M
Q1 24
$120.1M
Stockholders' Equity
NMM
NMM
TITN
TITN
Q4 25
$612.6M
Q3 25
$610.3M
Q2 25
$605.4M
Q1 25
$614.1M
Q4 24
$668.2M
Q3 24
$659.6M
Q2 24
$662.6M
Q1 24
$657.6M
Total Assets
NMM
NMM
TITN
TITN
Q4 25
$1.8B
Q3 25
$1.9B
Q2 25
$5.9B
$1.8B
Q1 25
$1.8B
Q4 24
$2.1B
Q3 24
$2.2B
Q2 24
$5.3B
$2.1B
Q1 24
$2.0B
Debt / Equity
NMM
NMM
TITN
TITN
Q4 25
0.29×
Q3 25
0.27×
Q2 25
0.27×
Q1 25
0.27×
Q4 24
0.21×
Q3 24
0.19×
Q2 24
0.18×
Q1 24
0.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NMM
NMM
TITN
TITN
Operating Cash FlowLast quarter
$34.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
28.37×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
TITN
TITN
Q4 25
$34.0M
Q3 25
$43.7M
Q2 25
$6.2M
Q1 25
$126.5M
Q4 24
$-8.8M
Q3 24
$-15.0M
Q2 24
$-32.4M
Q1 24
$49.8M
Cash Conversion
NMM
NMM
TITN
TITN
Q4 25
28.37×
Q3 25
Q2 25
Q1 25
Q4 24
-5.15×
Q3 24
Q2 24
-3.43×
Q1 24
2.08×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NMM
NMM

Segment breakdown not available.

TITN
TITN

Agriculture Segment$420.9M65%
Sales Of Parts$122.3M19%
Service Sales$48.9M8%
Australia_segment$29.9M5%
Rental And Other$13.3M2%
Rental$10.3M2%
Other Revenue$1.1M0%

Related Comparisons