TTANServiceTitan, Inc.
Is the business good?
The checks split: 6 of 9 health tests passed and margins steady.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Margins have held roughly steady, a stable cost structure.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is TTAN?
ServiceTitan, Inc. earns −9.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 19 points below what the capital costs: growth destroys value
- Operating margin
- −13%
Operating margin · Software - Application median 6.4% · 12 months to Q2 2027
- Share count, year on year
- +4.5%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 33%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2023 | −47% |
| FY2024 | −30% |
| FY2025 | −30% |
| FY2026 | −18% |
Details›
- Gross margin12 months to Q2 2027
- 71%
- Operating margin12 months to Q2 2027
- −13%
- Net margin12 months to Q2 2027
- −12%
- Free cash flow margin
- 13%
- R&D as % of revenue
- 33%
- Revenue, trailing twelve months
- $1.06B
- Free cash flow, trailing twelve months
- $137M
- Net income, trailing twelve months
- −$129M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −9.7%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.