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
- 2026-10-21
- 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$310M62.5%no prior
- Construction Segment$78.6M15.8%no prior
- Europe Segment$66.1M13.3%no prior
- Australia segment$41.4M8.3%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 4,060 US-listed filers · 478 in Consumer| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $2.4B | 69thof 3,247 top third | 54thof 461 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -10.2% | 12thof 3,083 bottom third | 10thof 448 bottom third |
Gross margin gross profit ÷ revenue | 15.8% | 15thof 1,585 bottom third | 14thof 327 bottom third |
Operating margin operating income ÷ revenue | -0.3% | 42ndof 2,777 middle third | 27thof 432 bottom third |
Net margin net income ÷ revenue | -2.2% | 39thof 3,212 middle third | 27thof 458 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -9.3% | 34thof 3,520 middle third | 24thof 406 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.2% | 95thof 2,852 top third | 84thof 414 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 1.1× | 63rdof 1,524 middle third | 63rdof 244 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -11.2% | 75thof 3,845 top third | 80thof 457 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 · 3,207 characters as filed
BUSINESS COMBINATIONS Fiscal 2027 On July 30, 2026, the Company acquired certain assets of KanEquip, Inc. (KanEquip). This acquired New Holland agriculture dealership consists of one agriculture equipment store in Syracuse, Nebraska. This acquisition occurred within the Companys Agriculture segment. The total consideration transferred for the acquired assets was $3.9 million paid in cash, which included the real estate for the Syracuse, Nebraska agriculture equipment store. In connection with the acquisition, the Company acquired from CNH and certain other manufacturers, equipment and parts inventory previously owned by KanEquip. Upon acquiring these inventories, the Company was offered floorplan financing by the respective manufacturers. In total, the Company acquired inventory and recognized a corresponding financing liability of $3.7 million. The recognition of these inventories and the associated financing liabilities are not included as part of the accounting for the acquisition of certain KanEquip assets. This acquisition is not considered material to the Company's overall consolidated financial results during the three or six months ended July 31, 2026, and has been included in the Condensed Consolidated Financial Statements from the date of the acquisition. Fiscal 2026 On May 15, 2025, the Company acquired certain assets of Farmers Implement and Irrigation, Inc. (Farmers Implement). This acquired New Holland agriculture dealership consists of one agriculture equipment …
BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing
Commitments and contingencies · 675 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.
CommitmentsAndContingenciesDisclosureTextBlock
Revenue disaggregation · 1,826 characters as filed
The following tables present our revenue disaggregated by revenue source and segment: Three Months Ended July 31, 2026 Agriculture Construction Europe Australia Total (in thousands) Equipment $ 203,878 $ 47,146 $ 47,617 $ 29,858 $ 328,499 Parts 70,674 12,289 15,494 8,155 106,612 Service 33,826 6,855 2,681 3,080 46,442 Other 1,095 509 347 330 2,281 Revenue from contracts with customers 309,473 66,799 66,139 41,423 483,834 Rental 761 11,840 (51) 12,550 Total revenue $ 310,234 $ 78,639 $ 66,088 $ 41,423 $ 496,384 Three Months Ended July 31, 2025 Agriculture Construction Europe Australia Total (in thousands) Equipment $ 235,657 $ 42,363 $ 77,880 $ 20,362 $ 376,262 Parts 73,216 13,011 16,070 6,925 109,222 Service 35,156 7,219 3,440 2,985 48,800 Other 1,091 424 525 295 2,335 Revenue from contracts with customers 345,120 63,017 97,915 30,567 536,619 Rental 635 8,970 202 9,807 Total revenue $ 345,755 $ 71,987 $ 98,117 $ 30,567 $ 546,426 Six Months Ended July 31, 2026 Agriculture Construction Europe Australia Total (in thousands) Equipment $ 445,038 $ 86,286 $ 91,500 $ 70,329 $ 693,153 Parts 140,136 25,299 29,503 15,426 210,364 Service 66,149 13,840 4,726 5,495 90,210 Other 1,987 816 747 438 3,988 Revenue from contracts with customers 653,310 126,241 126,476 91,688 997,715 Rental 1,142 19,861 47 21,050 Total revenue $ 654,452 $ 146,102 $ 126,523 $ 91,688 $ 1,018,765 Six Months Ended July 31, 2025 Agriculture Construction Europe Australia Total (in thousands) Equipment $ 513,422 $ 89,0 …
DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing
Fair value · 1,086 characters as filed
FAIR VALUE OF FINANCIAL INSTRUMENTS As of July 31, 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 July 31, 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: July 31, 2026 January 31, 2026 (in thousands) Carrying amount $ 163,942 $ 170,414 Fair value $ 151,354 $ 157,764
FairValueDisclosuresTextBlock
Income taxes · 223 characters as filed
INCOME TAXESThe effective tax rate was 0.1% and 27.1% for the three months ended July31, 2026 and 2025, respectively. The effective tax rate was 0.6% and 24.7% for the six months ended July31, 2026 and 2025, respectively. …
IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing
Long-term debt · 621 characters as filed
LONG TERM DEBT The following is a summary of the Company's long-term debt as of July 31, 2026 and January 31, 2026: Description Maturity Dates Interest Rates July 31, 2026 January 31, 2026 (in thousands) Mortgage loans, secured Various through May 2039 2.3% to 7.5% $ 138,531 $ 142,356 Sale-leaseback financing obligations December 2028 to December 2030 6.1% to 6.2% 9,434 9,561 Vehicle loans, secured Various through June 2031 2.1% to 7.6% 22,396 25,290 Other October 2026 to September 2028 5.8% to 6.7% 3,015 2,768 Total debt 173,376 179,975 Less: current maturities (25,887) (21,410) Long-term debt $ 147,489 $ 158,565
LongTermDebtTextBlock
Revenue recognition · 3,432 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 July 31, 2026 Agriculture Construction Europe Australia Total (in thousands) Equipment $ 203,878 $ 47,146 $ 47,617 $ 29,858 $ 328,499 Parts 70,674 12,289 15,494 8,155 106,612 Service 33,826 6,855 2,681 3,080 46,442 Other 1,095 509 347 330 2,281 Revenue from contracts with customers 309,473 66,799 66,139 41,423 483,834 Rental 761 11,840 (51) 12,550 Total revenue $ 310,234 $ 78,639 $ 66,088 $ 41,423 $ 496,384 Three Months Ended July 31, 2025 Agriculture Construction Europe Australia Total (in thousands) Equipment $ 235,657 $ 42,363 $ 77,880 $ 20,362 $ 376,262 Parts 73,216 13,011 16,070 6,925 109,222 Service 35,156 7,219 3,440 2,985 48,800 Other 1,091 424 525 295 2,335 Revenue from contracts with customers 345,120 63,017 97,915 30,567 536,619 Rental 635 8,970 202 9,807 Total revenue $ 345,755 $ 71,987 $ 98,117 $ 30,567 $ 546,426 Six Months Ended July 31, 2026 Agriculture Construction Europe Australia Total (in thousands) Equipment $ 445,038 $ 86,286 $ 91,500 $ 70,329 $ 693,153 Parts 140,136 25,299 29,503 15,426 210,364 Service 66,149 13 …
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.