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ServiceTitan, Inc. (TTAN)

Valor Justo
TechnologySoftware - ApplicationUnited States

Fundamental

54

Precio

$66.55

Capitalización Bursátil

$5.79B

Parte 1 · Cuánto vale la empresa

Resumen

ServiceTitan sells cloud software that runs the day-to-day operations of trades businesses — plumbing, HVAC, electrical, roofing and similar home and commercial service companies. A contractor uses it to schedule jobs, dispatch technicians, quote and invoice customers, track inventory and marketing, and take payments, replacing the mix of paper, spreadsheets and older point tools that most trades businesses used before. It does not perform any of the trade work itself.

Cómo genera ingresos

Most revenue is subscription fees paid under annual or multi-year contracts, priced mainly per technician using the platform and recognized evenly over the contract term. A second, faster-growing stream is usage-based: fees earned when a contractor's customers pay through ServiceTitan's embedded payment processing and financing tools, which scale with the dollar volume flowing through the platform rather than with seat count. A small remainder is one-time professional-services revenue for onboarding new customers.

Ventaja competitiva

Costes de cambio · Estrecha

Once a trades business runs scheduling, invoicing, customer history and payments through ServiceTitan, moving to a competitor means retraining technicians and re-entering years of job and customer data, which is costly and disruptive for a small operator. The moat is still narrow: the company remains unprofitable on a GAAP basis, and rival vertical-software providers keep entering the same trades.

Qué impulsa la demanda

Moderadamente cíclico

Much of the underlying demand for trades work — a broken furnace or a leaking pipe — is not discretionary, which cushions ServiceTitan's usage-based revenue somewhat. But contractor spending on new software seats, and the volume of jobs booked, still slows when construction and home-improvement activity cools, and industry-wide pressures like tariffs or labor shortages can weigh on the trades businesses ServiceTitan depends on.

Riesgos clave

  • History of losses — ServiceTitan has a history of net losses and states it may not achieve or sustain profitability in future periods, which leaves less room for error if growth slows.
  • Exposure to trades-industry headwinds — The company states that factors affecting the trades industry — consolidation, contractor marketplaces, supply-chain issues, tariffs on imported goods and labor shortages — could reduce demand for its platform, since its revenue rises and falls with its customers' activity.
  • Competition from established and new entrants — ServiceTitan competes with both established software vendors and new entrants targeting the trades, and some large customers have developed or could develop their own proprietary tools instead of paying for the platform.
  • Revenue concentrated in the United States — Substantially all revenue is generated in the United States, so the company has limited geographic diversification against a US-specific downturn in construction or home-services spending.

Los argumentos a favor

Buyers argue that ServiceTitan is becoming the operating system of an industry that has been slow to digitize, that the shift toward usage-based payments revenue scales faster than seat-based subscriptions alone, and that deep switching costs will let the company raise prices and cross-sell new modules as it approaches profitability.

Los argumentos en contra

Sellers fear that a company still posting net losses is priced for flawless execution, that growing reliance on payment-processing revenue ties results more tightly to the health of small trades contractors, and that a slowdown in US construction or home-services activity would hit both new-seat sales and transaction volume at once.

Written by the editors, published on 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balance y Liquidez

Ingresos

$1.06B

Últimos 12 meses (hasta 31/7/2026)

Beneficio Neto

$-129M

Últimos 12 meses (hasta 31/7/2026)

Flujo de Caja Libre

$105M

Patrimonio Neto Total

$1.53B

Pasivo Total

$220M

Ratio de Liquidez

4.55

Cobertura de Intereses

39.42

Deuda/EBITDA

-

Beneficio Por Acción

Ingresos y Beneficio Neto

Flujo de Caja Libre

Desglose de Ingresos

Estado histórico

Márgenes en el tiempo

La deuda en el tiempo

Cuánto pesa la deuda

Cuadro de crecimiento

Crecimiento — Ingresos

Estimación de Valor Justo

Caso generalValoración Justa

Valor Justo

$73.52

Precio Actual

$66.55

Margen de Seguridad

+9.5%

Rango de Valor Justo

$47.79 - $99.25

Dispersión entre los métodos de valoración utilizados, no un intervalo de confianza calibrado estadísticamente.

Métodos de Estimación

Precio objetivo de los analistas:$97.53
Flujo de caja descontado (DCF):$41.50
Múltiplo sobre beneficios (P/E):Datos insuficientes para calcularlo
Fórmula de crecimiento de Graham:Datos insuficientes para calcularlo
Valor de la capacidad de generar beneficios (EPV):Datos insuficientes para calcularlo
P/B justificado:Datos insuficientes para calcularlo
Descuento de dividendos (Gordon):Datos insuficientes para calcularlo
P/FFO, fondos de operaciones:Datos insuficientes para calcularlo
Beneficios de mitad de ciclo:Datos insuficientes para calcularlo
Múltiplo sobre ingresos:$56.69
Consenso de Analistas:Compra Fuerte (20B / 3H / 0S)
Última Sorpresa de Resultados:+12.26%

Métricas de Valoración

Ratio P/E

-

ROE

-10.5%

Ratio P/B

1.45

P/FCF

17.03

Margen Bruto

71.1%

ROIC

-6.6%

Radar de Rentabilidad

Creación de Valor (Ventaja Competitiva)

ROIC

-6.6%

WACC

12.3%

ROIC − WACC

-18.9 pp

El ROIC está por debajo del coste del capital: la empresa destruye valor por cada dólar invertido.

Criterios de Análisis Fundamental

Superado (13)

  • EPS shows upward trend
  • Gross Margin 71.1%
  • P/FCF 17.03
  • P/B Ratio 1.45
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Analyst Consensus 87% Buy
  • Earnings Surprise avg 37.5%
  • Net Margin Trend -12.1% vs -26.1%
  • Piotroski F-Score 6/9

Fallido (8)

  • Price CAGR -22.60%
  • ROIC -6.6%
  • Operating Margin -13.0%
  • Return on Tangible Assets
  • Low reliance on intangibles
  • DCF valuation (Overvalued)
  • ROE -8.3%
  • Share Dilution 229.7%

No disponible (6)

  • Dividend Payout NaN%
  • Debt/EBITDA
  • Price below Graham Number
  • Revenue Growth 5Y (Finnhub)
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Piotroski F-Score

6/9

Señales mixtas: algunas áreas requieren atención

score
criteria

Calidad de los Beneficios

-

Baja calidad: investigue la contabilidad

Dilución de Acciones

229.7%

Emitiendo nuevas acciones, diluyendo la participación

Participaciones institucionales

Gobernanza

Equipo Directivo

NombreCargoEdad
Mr. Ara MahdessianCo-Founder, Chairman of the Board & CEO39
Mr. Vahe KuzoyanCo-Founder, President & Director41
Mr. Dave SherryChief Financial Officer40
Mr. Chris PetrosChief Operating Officer-
Ms. Michele O'ConnorChief Accounting Officer48
Mr. Abhishek MathurChief Technology & Product Officer-
Mr. Jason RechelInvestor Relations Head-
Ms. Olive HuangGeneral Counsel & Secretary of the Board-
Mr. Rikus PretoriusSenior Vice President of Worldwide Sales-
Mr. Chris TrombettaChief People Officer-

Parte 2 · El precio y el momento de entrar

Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.

Documentos

  • Informe anual (10-K)

    Un resumen anual del negocio, los resultados financieros y los riesgos de la empresa.

    Presentado el 2026-03-25

    Ver documento
  • Informe trimestral (10-Q)

    Una actualización del desempeño financiero de los últimos tres meses.

    Presentado el 2026-09-08

    Ver documento
  • Informe de hecho relevante (8-K)

    Un aviso sobre un hecho relevante, como un cambio de dirección o un anuncio importante.

    Presentado el 2026-09-08

    Ver documento

via SEC EDGAR

Historial de Resultados

via SEC EDGAR

Latest News

Recent headlines for TTAN, sourced from Markets Gazette.

  • 3/13/2026NEUTRAL
    ServiceTitan (TTAN) Q4 2026 Earnings Transcript

    ServiceTitan has released its Q4 2026 earnings transcript. While specific financial figures and forward-looking guidance are not detailed in the provided information, the release of an earnings transcript typically signals the completion of a reporting period. Investors will analyze the transcript for management's commentary on operational performance, market conditions, and strategic initiatives. The absence of immediate positive or negative indicators suggests a neutral stance pending detailed review of the transcript's content for insights into future growth prospects and profitability.

via Markets Gazette