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Side-by-side financial comparison of Titan Machinery Inc. (TITN) and WESTERN ALLIANCE BANCORPORATION (WAL). Click either name above to swap in a different company.

WESTERN ALLIANCE BANCORPORATION is the larger business by last-quarter revenue ($1.0B vs $644.5M, roughly 1.6× Titan Machinery Inc.). WESTERN ALLIANCE BANCORPORATION runs the higher net margin — 18.6% vs 0.2%, a 18.4% gap on every dollar of revenue. On growth, WESTERN ALLIANCE BANCORPORATION posted the faster year-over-year revenue change (31.0% vs -5.2%). Over the past eight quarters, WESTERN ALLIANCE BANCORPORATION's revenue compounded faster (14.9% CAGR vs -13.0%).

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.

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.

TITN vs WAL — Head-to-Head

Bigger by revenue
WAL
WAL
1.6× larger
WAL
$1.0B
$644.5M
TITN
Growing faster (revenue YoY)
WAL
WAL
+36.2% gap
WAL
31.0%
-5.2%
TITN
Higher net margin
WAL
WAL
18.4% more per $
WAL
18.6%
0.2%
TITN
Faster 2-yr revenue CAGR
WAL
WAL
Annualised
WAL
14.9%
-13.0%
TITN

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
TITN
TITN
WAL
WAL
Revenue
$644.5M
$1.0B
Net Profit
$1.2M
$189.2M
Gross Margin
17.2%
Operating Margin
1.6%
Net Margin
0.2%
18.6%
Revenue YoY
-5.2%
31.0%
Net Profit YoY
-30.1%
-5.0%
EPS (diluted)
$0.05
$1.65

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
TITN
TITN
WAL
WAL
Q1 26
$1.0B
Q4 25
$644.5M
$980.9M
Q3 25
$546.4M
$938.2M
Q2 25
$594.3M
$845.9M
Q1 25
$759.9M
$778.0M
Q4 24
$679.8M
$838.4M
Q3 24
$633.7M
$823.1M
Q2 24
$628.7M
$771.8M
Net Profit
TITN
TITN
WAL
WAL
Q1 26
$189.2M
Q4 25
$1.2M
$286.1M
Q3 25
$-6.0M
$253.4M
Q2 25
$-13.2M
$230.4M
Q1 25
$-43.8M
$199.1M
Q4 24
$1.7M
$216.9M
Q3 24
$-4.3M
$199.8M
Q2 24
$9.4M
$193.6M
Gross Margin
TITN
TITN
WAL
WAL
Q1 26
Q4 25
17.2%
Q3 25
17.1%
Q2 25
15.3%
Q1 25
6.7%
Q4 24
16.3%
Q3 24
17.7%
Q2 24
19.4%
Operating Margin
TITN
TITN
WAL
WAL
Q1 26
Q4 25
1.6%
36.3%
Q3 25
0.1%
33.4%
Q2 25
-1.0%
34.4%
Q1 25
-6.0%
31.7%
Q4 24
1.7%
30.9%
Q3 24
2.5%
30.6%
Q2 24
3.6%
32.1%
Net Margin
TITN
TITN
WAL
WAL
Q1 26
18.6%
Q4 25
0.2%
29.2%
Q3 25
-1.1%
27.0%
Q2 25
-2.2%
27.2%
Q1 25
-5.8%
25.6%
Q4 24
0.3%
25.9%
Q3 24
-0.7%
24.3%
Q2 24
1.5%
25.1%
EPS (diluted)
TITN
TITN
WAL
WAL
Q1 26
$1.65
Q4 25
$0.05
$2.59
Q3 25
$-0.26
$2.28
Q2 25
$-0.58
$2.07
Q1 25
$-1.92
$1.79
Q4 24
$0.07
$1.94
Q3 24
$-0.19
$1.80
Q2 24
$0.41
$1.75

Balance Sheet & Financial Strength

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

Metric
TITN
TITN
WAL
WAL
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$176.6M
$4.3B
Stockholders' EquityBook value
$612.6M
$7.9B
Total Assets
$1.8B
$98.9B
Debt / EquityLower = less leverage
0.29×
0.54×

8-quarter trend — quarters aligned by calendar period.

Total Debt
TITN
TITN
WAL
WAL
Q1 26
$4.3B
Q4 25
$176.6M
$1.4B
Q3 25
$164.5M
$2.9B
Q2 25
$165.3M
$2.9B
Q1 25
$168.7M
$1.6B
Q4 24
$140.6M
$2.4B
Q3 24
$126.6M
$1.4B
Q2 24
$119.3M
$436.0M
Stockholders' Equity
TITN
TITN
WAL
WAL
Q1 26
$7.9B
Q4 25
$612.6M
$7.7B
Q3 25
$610.3M
$7.4B
Q2 25
$605.4M
$7.1B
Q1 25
$614.1M
$6.9B
Q4 24
$668.2M
$6.7B
Q3 24
$659.6M
$6.7B
Q2 24
$662.6M
$6.3B
Total Assets
TITN
TITN
WAL
WAL
Q1 26
$98.9B
Q4 25
$1.8B
$92.8B
Q3 25
$1.9B
$91.0B
Q2 25
$1.8B
$86.7B
Q1 25
$1.8B
$83.0B
Q4 24
$2.1B
$80.9B
Q3 24
$2.2B
$80.1B
Q2 24
$2.1B
$80.6B
Debt / Equity
TITN
TITN
WAL
WAL
Q1 26
0.54×
Q4 25
0.29×
0.18×
Q3 25
0.27×
0.39×
Q2 25
0.27×
0.41×
Q1 25
0.27×
0.23×
Q4 24
0.21×
0.36×
Q3 24
0.19×
0.21×
Q2 24
0.18×
0.07×

Cash Flow & Capital Efficiency

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

Metric
TITN
TITN
WAL
WAL
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
TITN
TITN
WAL
WAL
Q1 26
Q4 25
$34.0M
$-2.7B
Q3 25
$43.7M
$-597.4M
Q2 25
$6.2M
$-357.7M
Q1 25
$126.5M
$-1.7B
Q4 24
$-8.8M
$-2.7B
Q3 24
$-15.0M
$-1.1B
Q2 24
$-32.4M
$-745.8M
Cash Conversion
TITN
TITN
WAL
WAL
Q1 26
Q4 25
28.37×
-9.36×
Q3 25
-2.36×
Q2 25
-1.55×
Q1 25
-8.31×
Q4 24
-5.15×
-12.64×
Q3 24
-5.35×
Q2 24
-3.43×
-3.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

WAL
WAL

Segment breakdown not available.

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