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Sells cloud software that helps home and commercial trade contractors (HVAC, plumbing, electrical) run their businesses.
Sells cloud software that helps home and commercial trade contractors (HVAC, plumbing, electrical) run their businesses.
Charges contractors a subscription for its software, then earns a second, usage-based stream: a small fee on the customer payments it processes and on consumer financing it arranges, which grows as more work runs through the platform. Its business is concentrated in North America. It listed in late 2024.
Moat: narrow (switching costs, installed base, network effects). Deeply embedded in daily contractor operations; payments/financing add stickiness.
Headquarters: Glendale, California, United States · Founded: 2007 · Employees: 3,414
Size ServiceTitan (TTAN) is a United States Information Technology company (Packaged Software) with a market value of $7.89B, the 897th largest of 3,117 United States companies the cockpit tracks. Shares closed at $81.77 on 6 Nov 2026.
Performance Over six months the shares gained 35.6%, against +5.0% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 22.9% over the last twelve months (peer median +19.6%); the operating margin is -12.6% (peer median 11.2%).
Valuation It trades at 55.6× forward earnings against a peer median of 52.6× (8th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 15.4 points below its cost of capital (6.4% WACC).
Backlog Backlog (remaining performance obligations) was $527M at 31 Jul 2026 — 0.5 years of trailing revenue. Backlog detail →
Short interest Short interest is 10.0% of the free float (15 Oct 2026).
Next results Next results expected around 19 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.06B | $961M | $772M | $614M | $468M |
| Revenue growth | — | +24% | +26% | +31% | — |
| Gross profit | $732M | $654M | $487M | $354M | $243M |
| EBITDA | -$51.5M | -$73.9M | -$106M | -$93.7M | -$164M |
| Net income | -$129M | -$160M | -$239M | -$195M | -$270M |
| Free cash flow | $134M | $105M | $33.3M | -$68.6M | -$197M |
| Capital expenditure | $26.8M | $25.1M | $21.6M | $44.6M | $92.0M |
| Total debt | $47.8M | $51.4M | $165M | $1.64B | $1.62B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ServiceTitan TTAN | $7.89B | +36% | +23% | -13% | 55.6× | 20.7% |
| Salesforce CRM | $176B | +18% | +11% | 22% | 14.6× | 13.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TTAN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.1% | -4.0% | 4th highest of 21 |
| 6-month return | +35.6% | +5.0% | 4th highest of 21 |
| Distance from 52-week high | -26.6% | -32.5% | 10th highest of 21 |
| Revenue growth (TTM) | +22.9% | +19.6% | 7th highest of 21 |
| Operating margin | -12.6% | 11.2% | 4th lowest of 21 |
| Forward P/E | 55.6× | 52.6× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 20.7% | 18.8% | 8th most demanding of 18 |
| Growth delivered (Del g) | +27.1% | +18.4% | 6th highest of 18 |
| Hurdle (Req g minus delivered) | -6.5 pp | -4.9 pp | 9th least demanding of 18 |
| ROIC minus cost of capital | -15.4 pp | -6.2 pp | 5th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ServiceTitan TTAN | United States | $7.89B | +36% | +23% | -13% | 55.6× | 20.7% | +27.1% |
| Sangfor Technologies 300454.SZ | China | $7.84B | +5% | +21% | 2% | 71.4× | 46.1% | +6.9% |
| Zeta Global ZETA | United States | $7.79B | +81% | +36% | 3% | 28.2× | 49.7% | +28.8% |
| Gitlab GTLB | United States | $8.01B | +85% | +23% | -8% | 55.0× | 18.8% | +44.4% |
| Oracle Corporation Japan 4716.T | Japan | $7.73B | +10% | +10% | 32% | 17.0× | -6.9% | +6.5% |
| Empyrean Technology 301269.SZ | China | $7.70B | +5% | +15% | -10% | 357.4× | n/a | n/a |
| Descartes Systems DSG.TO | Canada | $8.10B | +32% | +12% | 33% | 37.9× | 4.4% | +16.8% |
| Horizon Robotics 9660.HK | Hong Kong | $7.61B | -48% | +46% | -101% | 159.5× | n/a | n/a |
| SentinelOne S | United States | $7.58B | +31% | +21% | -26% | 54.7× | 53.7% | +60.8% |
| Clear Secure YOU | United States | $7.55B | -2% | +23% | 26% | 24.2× | 15.8% | +31.3% |
| Dropbox DBX | United States | $7.54B | +20% | 0% | 26% | 11.1× | -5.0% | +5.7% |
| Duolingo DUOL | United States | $7.51B | +49% | +23% | 12% | 52.6× | 19.8% | +45.0% |
| Xero XRO.AX | Australia | $8.36B | -13% | +27% | 13% | 66.7× | 25.9% | +25.3% |
| Snap SNAP | United States | $8.39B | -18% | +13% | -5% | 32.3× | 2.7% | +18.8% |
| Nemetschek NEM.DE | Germany | $8.39B | +10% | +13% | 26% | 29.9× | 11.1% | +14.8% |
| Technology One TNE.AX | Australia | $7.40B | +15% | +14% | 29% | 56.7× | 33.3% | +14.9% |
| InterDigital IDCC | United States | $7.35B | +2% | -12% | 45% | 41.4× | 13.4% | +18.4% |
| Kunlun Tech 300418.SZ | China | $7.33B | -21% | +48% | -21% | 1,291.3× | n/a | n/a |
| CSG Digital Power Grid Research Institute 301638.SZ | China | $8.52B | -37% | +18% | 10% | n/a | 18.0% | +8.2% |
| DigitalOcean DOCN | United States | $8.55B | -56% | +28% | 12% | 44.7× | 41.6% | +23.1% |
| 360 Security Technology 601360.SS | China | $8.63B | -26% | +7% | -4% | 172.6× | 55.2% | -5.7% |
ServiceTitan reported $527M of remaining performance obligations at 31 Jul 2026. That is 0.5 years of trailing revenue already under contract.