Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Caution evidenceCoverage 5/5 core metricsLatest reported annual revenue changed -10.2% from the prior reported annual observation.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Revenue contracted
Latest reported annual revenue changed -10.2% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2026-01-31.
- Free cash flow was negative
Latest reported free cash flow was -$10M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2020-01-31.
- 1 filing risk check flagged
Flagged areas: Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Operating margin was stable
Operating margin changed -0.4 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2026-01-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2026-01-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Agriculture Segment$1.56B64.2%no prior
- Europe Segment$378M15.6%no prior
- Construction Segment$311M12.8%no prior
- Australia$181M7.4%no prior
Members sum to the consolidated $2.43B for this period.
- Revenuefrom Contractswith Customers$2.39Bshare n/a-10.4% yoy
- Sales Of Equipment$1.77Bshare n/a-13.4% yoy
- Sales Of Parts$428Mshare n/a0.0% yoy
- Service Sales$178Mshare n/a-1.2% yoy
- Rental Revenue$38.3Mshare n/a+7.4% yoy
- Other Revenue$8.09Mshare n/a+6.7% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- United States$1.87B77.0%-15.8% yoy
- Other Geographies$378M15.6%+44.7% yoy
- Australia$181M7.4%-18.4% yoy
Members sum to the consolidated $2.43B for this period.
- Agriculture Segment$344M65.9%no prior
- Construction Segment$67.5M12.9%no prior
- Europe Segment$60.4M11.6%no prior
- Australia segment$50.3M9.6%no prior
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2026-01-31 · among 4,104 US-listed filers · 481 in Consumer| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $2.4B | 69thof 3,301 top third | 54thof 464 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -10.2% | 12thof 3,135 bottom third | 10thof 450 bottom third |
Gross margin gross profit ÷ revenue | 15.8% | 15thof 1,603 bottom third | 14thof 329 bottom third |
Operating margin operating income ÷ revenue | -0.3% | 42ndof 2,819 middle third | 27thof 433 bottom third |
Net margin net income ÷ revenue | -2.2% | 39thof 3,263 middle third | 27thof 460 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -9.3% | 34thof 3,577 middle third | 25thof 411 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.2% | 95thof 2,895 top third | 84thof 415 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 1.1× | 63rdof 1,547 middle third | 63rdof 242 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -11.2% | 79thof 3,291 top third | 85thof 384 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2026-01-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 3 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Receivables AccountsReceivableNetCurrent | balance at 2022-01-31 | $45.2M 10-K 2022-04-01 | $94.3M 10-Q 2022-12-08 | +108.6% | first · latest · 4 filings carry it |
| Receivables AccountsReceivableNetCurrent | balance at 2020-01-31 | $72.8M 10-Q 2020-06-04 | $47.4M 10-K 2021-03-31 | -34.9% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-01-31 | $371M 10-K 2021-03-31 | $345M 10-K 2024-04-03 | -7.0% | first · latest · 10 filings carry it |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
debt, leases, revenue, segments, contingencies, taxes and more · the filer's own wordsBusiness combinations · 21 characters as filed
BUSINESS COMBINATIONS
BusinessCombinationDisclosureTextBlock
Commitments and contingencies · 1,192 characters as filed
NOTE 16 - CONTINGENCIES The Company is engaged in legal proceedings incidental to the normal course of business. Due to their nature, these legal proceedings involve inherent uncertainties, including but not limited to, court rulings, negotiations between affected parties and governmental intervention. Based upon the information available to the Company and discussions with legal counsel, the Company expects that the outcome of these various legal actions and claims will not have a material impact on its financial position, results of operations or cash flows. These matters, however, are subject to many uncertainties, and the outcome of any matter is not predictable. The Company has been named a co-defendant in a court case filed in Colorado district court, arising out of an accident that occurred during the transportation of a piece of Company owned equipment by an independent third-party contractor motor carrier. A reasonable estimate of the possible loss or range of loss cannot be made at this time. Management believes the range of reasonable possible losses, net of insurance recoveries, will not have a material effect on our results of operations or financial condition.
CommitmentsAndContingenciesDisclosureTextBlock
Revenue disaggregation · 940 characters as filed
The following tables present our revenue disaggregated by revenue source and segment: Three Months Ended April 30, 2026 Agriculture Construction Europe Australia Total (in thousands) Equipment $ 241,161 $ 39,140 $ 43,883 $ 40,470 $ 364,654 Parts 69,461 13,011 14,009 7,272 103,753 Service 32,323 6,983 2,045 2,417 43,768 Other 892 308 400 106 1,706 Revenue from contracts with customers 343,837 59,442 60,337 50,265 513,881 Rental 381 8,021 98 8,500 Total revenue $ 344,218 $ 67,463 $ 60,435 $ 50,265 $ 522,381 Three Months Ended April 30, 2025 Agriculture Construction Europe Australia Total (in thousands) Equipment $ 277,765 $ 46,684 $ 77,278 $ 35,113 $ 436,840 Parts 73,033 12,683 13,372 6,541 105,629 Service 32,419 6,790 2,625 2,183 44,017 Other 919 294 417 126 1,756 Revenue from contracts with customers 384,136 66,451 93,692 43,963 588,242 Rental 250 5,678 166 6,094 Total revenue $ 384,386 $ 72,129 $ 93,858 $ 43,963 $ 594,336 …
DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing
Fair value · 1,089 characters as filed
FAIR VALUE OF FINANCIAL INSTRUMENTS As of April 30, 2026, the fair value of the Company's foreign currency contracts, which are either assets or liabilities measured at fair value on a recurring basis, was not material. These foreign currency contracts were valued using a discounted cash flow analysis, which is an income approach, utilizing readily observable market data as inputs, which is classified as a Level 2 fair value measurement. The Company also has financial instruments that are not recorded at fair value in the Condensed Consolidated Balance Sheets, including cash, receivables, payables and long-term debt. The carrying amounts of these financial instruments approximated their fair values as of April 30, 2026 and January 31, 2026. The fair value of these financial instruments was estimated based on Level 2 fair value inputs. The estimated fair value of the Company's Level 2 long-term debt, which is provided for disclosure purposes only, is as follows: April 30, 2026 January 31, 2026 (in thousands) Carrying amount $ 167,117 $ 170,414 Fair value $ 154,484 $ 157,764
FairValueDisclosuresTextBlock
Income taxes · 119 characters as filed
INCOME TAXESThe effective tax rate was 1.1% and 23.6% for the three months ended April30, 2026 and 2025, respectively. …
IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing
Long-term debt · 622 characters as filed
LONG TERM DEBT The following is a summary of the Company's long-term debt as of April 30, 2026 and January 31, 2026: Description Maturity Dates Interest Rates April 30, 2026 January 31, 2026 (in thousands) Mortgage loans, secured Various through May 2039 2.1% to 7.5% $ 139,959 $ 142,356 Sale-leaseback financing obligations December 2028 to December 2030 6.1% to 6.2% 9,498 9,561 Vehicle loans, secured Various through May 2031 2.1% to 7.6% 23,944 25,290 Other October 2026 to September 2028 5.8% to 6.7% 3,214 2,768 Total debt 176,615 179,975 Less: current maturities (26,112) (21,410) Long-term debt $ 150,503 $ 158,565
LongTermDebtTextBlock
Revenue recognition · 2,550 characters as filed
REVENUE Revenue is recognized when control of the promised goods or services is transferred to the customer, in an amount that reflects the consideration we expect to collect in exchange for those goods or services. Sales, value added and other taxes collected from our customers concurrent with our revenue activities are excluded from revenue. The following tables present our revenue disaggregated by revenue source and segment: Three Months Ended April 30, 2026 Agriculture Construction Europe Australia Total (in thousands) Equipment $ 241,161 $ 39,140 $ 43,883 $ 40,470 $ 364,654 Parts 69,461 13,011 14,009 7,272 103,753 Service 32,323 6,983 2,045 2,417 43,768 Other 892 308 400 106 1,706 Revenue from contracts with customers 343,837 59,442 60,337 50,265 513,881 Rental 381 8,021 98 8,500 Total revenue $ 344,218 $ 67,463 $ 60,435 $ 50,265 $ 522,381 Three Months Ended April 30, 2025 Agriculture Construction Europe Australia Total (in thousands) Equipment $ 277,765 $ 46,684 $ 77,278 $ 35,113 $ 436,840 Parts 73,033 12,683 13,372 6,541 105,629 Service 32,419 6,790 2,625 2,183 44,017 Other 919 294 417 126 1,756 Revenue from contracts with customers 384,136 66,451 93,692 43,963 588,242 Rental 250 5,678 166 6,094 Total revenue $ 384,386 $ 72,129 $ 93,858 $ 43,963 $ 594,336 Unbilled Receivables and Deferred Revenue Unbilled receivables from contracts with customers amounted to $28.2 million and $24.2 million as of April 30, 2026 and January 31, 2026, respectively. This increase in unbill …
RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing
Segment reporting · 384 characters as filed
The Company has four reportable segments: Agriculture, Construction, Europe and Australia. Revenue between segments is immaterial. The Company retains various unallocated income/(expense) items and assets at the general corporate level, which the Company refers to as Shared Resources in the table below. Shared Resources assets primarily consist of cash and property and equipment. …
SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing
Source: SEC DERA Financial Statement and Notes data sets (txt.tsv), excerpts of the filer's own note text; the full note is in the linked filing. Excerpts are the first part of each note exactly as tagged in the filing; open the filing for the full text and the tables. Descriptive and educational, not advice.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.