TITAN INTERNATIONAL INC TWI

Basic materials SIC 3312 - Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) NAICS Manufacturing › Primary Metal Manufacturing › Iron and Steel Mills and Ferroalloy Manufacturing derived NYSE

Titan, is a global wheel, tire, and undercarriage industrial manufacturer and supplier that services customers across the globe. Titan traces its roots to the Electric Wheel Company in Quincy, Illinois, which was founded in 1890. Titan was originally incorporated in 1983 and has increased its global footprint and enhanced product offerings through major acquisitions which include the following:

•2005 - North American farm tire assets of The Goodyear Tire & Rubber Company ("Goodyear")

•2013/2014 - A noncontrolling interest in Voltyre-Prom, a leading producer of agricultural and industrial tires, which owns and operates an over two million square foot manufacturing facility located in Volgograd, Russia

Last close 6.76 2026-10-23
Market cap $436.3M 2026-06-30 share count
52-week range 6.37 - 11.70

Valuation FY2025 figures against the last close

P/S0.2x
P/E—
P/FCF—
EV/EBITDA9.3x
Dividend yield—
Diluted EPS-1.00

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • North America
  • Europe / CIS
  • Latin America
  • Asia and other regions
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 North America, FY2025: 976M (53.4%) 53% North America Europe / CIS, FY2025: 446.7M (24.4%) 24% Europe / CIS Latin America, FY2025: 324M (17.7%) 18% Latin America Asia and other regions, FY2025: 81.8M (4.5%) 4% FY2024 North America, FY2024: 994.3M (53.9%) 54% Europe / CIS, FY2024: 462.2M (25.0%) 25% Latin America, FY2024: 292.8M (15.9%) 16% Asia and other regions, FY2024: 96.7M (5.2%) 5% FY2023 North America, FY2023: 819.8M (45.0%) 45% Europe / CIS, FY2023: 558.7M (30.7%) 31% Latin America, FY2023: 355M (19.5%) 19% Asia and other regions, FY2023: 88.4M (4.8%) 5%
Region FY2025FY2024FY2023
North America $976.0M $994.3M $819.8M
Europe / CIS $446.7M $462.2M $558.7M
Latin America $324.0M $292.8M $355.0M
Asia and other regions $81.8M $96.7M $88.4M

As the company reported it, from the “SEGMENT AND GEOGRAPHICAL INFORMATION - Revenue from External Customers Attributed to Foreign Countries by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.83B$1.85B$1.82B$2.17B$1.78B$1.26B$1.45B$1.60B$1.47B$1.27B
Cost of revenue $1.57B$1.59B$1.52B$1.81B$1.54B$1.13B$1.32B$1.40B$1.30B$1.12B
Gross profit $253.5M$257.8M$305.8M$360.7M$237.5M$114.3M$129.0M$198.3M$160.3M$141.4M
R&D $18.3M$16.5M$12.5M$10.4M$10.1M$9.0M$9.9M$11.1M$10.3M$10.0M
SG&A $203.3M$191.8M$134.9M$132.8M$131.8M$130.9M$137.7M$134.8M$150.7M$145.0M
Operating income $20.8M$33.2M$148.7M$205.8M$85.2M-$35.4M-$28.4M$42.2M-$11.2M-$22.4M
Interest expense $38.7M$36.4M$29.2M$32.1M$32.2M$30.6M$32.0M$28.3M$30.2M$32.5M
Pre-tax income -$11.3M$8.3M$109.7M$202.4M$51.0M-$58.1M-$48.0M$19.8M-$52.9M-$36.5M
Income tax $49.9M$11.9M$26.0M$23.2M$1.1M$6.9M$3.5M$6.8M$11.2M$3.3M
Net income -$61.2M-$3.6M$83.7M$179.2M$49.9M-$60.4M-$48.4M$16.1M-$60.0M-$37.6M
EPS, basic -1.00-0.081.262.800.80-0.99-0.840.06-1.12-0.87
EPS, diluted -1.00-0.081.252.770.79-0.99-0.840.06-1.12-0.87
Shares, diluted (wtd. avg.) 63.7M68.7M63.0M63.7M62.7M60.8M60.1M59.9M59.3M53.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $202.9M$196.0M$220.3M—$98.1M$117.4M$66.8M$81.7M$143.6M$147.8M
Receivables $238.9M$211.7M$219.1M$266.8M$255.2M$193.0M$185.2M$241.8M$226.7M$179.4M
Inventory $470.5M$437.2M$365.2M$397.2M$392.6M$293.7M$333.4M$395.7M$339.8M$272.2M
Total current assets $986.0M$912.0M$876.8M$909.6M$813.3M$658.6M$651.5M$779.5M$783.2M$729.2M
Property, plant and equipment $448.9M$421.2M$321.7M$296.6M$301.1M$319.9M$367.6M$384.9M$421.2M$437.2M
Goodwill $29.6M$29.6M$0———————
Other intangibles $10.9M$12.0M$1.4M$1.6M$1.5M$2.0M$9.8M$11.6M$15.3M$16.4M
Total assets $1.67B$1.58B$1.29B$1.28B$1.18B$1.03B$1.11B$1.25B$1.29B$1.27B
Accounts payable $251.7M$219.6M$201.2M$263.4M$278.1M$167.2M$158.6M$212.1M$195.5M$148.3M
Short-term debt ———————$51.9M$43.7M$97.4M
Total current liabilities $428.2M$387.4M$362.5M$446.2M$450.8M$329.7M$327.2M$375.1M$372.9M$366.1M
Long-term debt $587.9M$568.3M$426.1M$445.6M$485.0M$464.7M$499.7M$461.5M$407.2M$408.8M
Total liabilities $1.15B$1.09B$821.8M$901.5M$955.5M$830.6M$850.3M$861.3M$866.8M$868.2M
Retained earnings $100.6M$164.1M$169.6M$90.9M-$85.4M-$135.0M-$74.3M-$29.0M-$44.0M$17.2M
Total equity $514.4M$496.1M$467.4M$383.1M$227.2M$176.3M$239.0M$270.1M$310.1M$292.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $30.0M$141.5M$179.3M$160.7M$10.7M$57.2M$45.4M-$36.2M-$1.3M$43.5M
Depreciation and amortisation $67.1M$60.7M$42.4M$42.7M$48.0M$54.7M$54.4M$57.6M$58.4M$59.8M
Stock-based compensation $3.3M$5.4M$5.2M$4.3M$3.4M$2.5M$1.4M$1.1M$1.5M$2.0M
Capital expenditure $54.6M$65.6M$60.8M$47.0M$38.8M$21.7M$36.4M$39.0M$32.6M$41.9M
Investing cash flow -$59.6M-$201.6M-$56.9M-$36.8M-$37.6M$33.2M-$92.6M-$36.9M$18.4M-$89.7M
Financing cash flow $17.4M$64.6M-$56.0M-$61.3M$13.9M-$38.6M$32.1M$17.5M-$24.1M-$6.4M
Dividends paid ———$0$0$603.0K$1.2M$1.2M$1.2M$1.1M
Buybacks —$16.4M$32.6M$25.0M$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000899751-26-000033.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 1.3B Gross profit, FY2016: 141.4M Net income, FY2016: -37.6M Revenue, FY2017: 1.5B Gross profit, FY2017: 160.3M Net income, FY2017: -60M Revenue, FY2018: 1.6B Gross profit, FY2018: 198.3M Net income, FY2018: 16.1M Revenue, FY2019: 1.4B Gross profit, FY2019: 129M Net income, FY2019: -48.4M Revenue, FY2020: 1.3B Gross profit, FY2020: 114.3M Net income, FY2020: -60.4M Revenue, FY2021: 1.8B Gross profit, FY2021: 237.5M Net income, FY2021: 49.9M Revenue, FY2022: 2.2B Gross profit, FY2022: 360.7M Net income, FY2022: 179.2M Revenue, FY2023: 1.8B Gross profit, FY2023: 305.8M Net income, FY2023: 83.7M Revenue, FY2024: 1.8B Gross profit, FY2024: 257.8M Net income, FY2024: -3.6M Revenue, FY2025: 1.8B Gross profit, FY2025: 253.5M Net income, FY2025: -61.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.27B $1.47B $1.60B $1.45B $1.26B $1.78B $2.17B $1.82B $1.85B $1.83B
Gross profit $141.4M $160.3M $198.3M $129.0M $114.3M $237.5M $360.7M $305.8M $257.8M $253.5M
Net income -$37.6M -$60.0M $16.1M -$48.4M -$60.4M $49.9M $179.2M $83.7M -$3.6M -$61.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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