TWI
TWI
Titan International, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $410.44M ▼ | $52.39M ▼ | $-56.04M ▼ | -13.65% ▼ | $-0.88 ▼ | $5.64M ▼ |
| Q3-2025 | $466.47M ▲ | $57.82M ▼ | $-2.26M ▲ | -0.48% ▲ | $-0.04 ▲ | $25.13M ▼ |
| Q2-2025 | $460.83M ▼ | $59.11M ▲ | $-4.54M ▼ | -0.99% ▼ | $-0.07 ▼ | $27.38M ▼ |
| Q1-2025 | $490.71M ▲ | $56.84M ▼ | $-649K ▼ | -0.13% ▼ | $-0.01 ▼ | $29.66M ▲ |
| Q4-2024 | $383.57M | $58.2M | $1.34M | 0.35% | $0.02 | $4.94M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $202.88M ▼ | $1.67B ▼ | $1.15B ▼ | $514.38M ▼ |
| Q3-2025 | $205.38M ▲ | $1.75B ▼ | $1.18B ▲ | $569.07M ▼ |
| Q2-2025 | $184.67M ▲ | $1.75B ▲ | $1.18B ▼ | $570.49M ▲ |
| Q1-2025 | $174.43M ▼ | $1.72B ▲ | $1.18B ▲ | $534.25M ▲ |
| Q4-2024 | $195.97M | $1.58B | $1.09B | $496.07M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-56.04M ▼ | $12.79M ▼ | $-23.21M ▼ | $7.96M ▲ | $-2.5M ▼ | $-5.08M ▼ |
| Q3-2025 | $-2.26M ▲ | $41.52M ▲ | $-11.59M ▼ | $-7.42M ▼ | $20.71M ▲ | $29.89M ▲ |
| Q2-2025 | $-3.6M ▼ | $14.31M ▲ | $-10.02M ▲ | $-1.71M ▼ | $10.24M ▲ | $4.22M ▲ |
| Q1-2025 | $22K ▼ | $-38.59M ▼ | $-14.83M ▼ | $18.61M ▲ | $-21.54M ▲ | $-53.62M ▼ |
| Q4-2024 | $1.34M | $8.74M | $-12.57M | $-8.5M | $-31.32M | $-4.57M |
Revenue by Products
| Product | Q1-2023 | Q2-2023 | Q3-2023 | Q4-2023 |
|---|---|---|---|---|
Agricultural | $310.00M ▲ | $270.00M ▼ | $210.00M ▼ | $190.00M ▼ |
Consumer | $40.00M ▲ | $40.00M ▲ | $30.00M ▼ | $40.00M ▲ |
Earthmovingconstruction | $200.00M ▲ | $170.00M ▼ | $160.00M ▼ | $160.00M ▲ |
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Titan International, Inc.'s financial evolution and strategic trajectory over the past five years.
Titan benefits from a solid revenue base, recognizable positions in specialized agricultural and construction niches, and strong relationships with major OEMs and aftermarket customers. Its integrated wheel‑and‑tire model, proprietary LSW technology, and broader portfolio (including Carlstar and Goodyear‑branded products) provide clear differentiation. The balance sheet shows solid liquidity and tangible asset backing, and the company continues to invest in innovation and modern manufacturing capabilities, which can support long‑term competitiveness.
Financially, the main concerns are persistent net losses, very thin operating margins, and negative free cash flow, all against the backdrop of a relatively high debt load. The business operates in cyclical, capital‑intensive markets, where downturns can quickly pressure volumes, pricing, and plant utilization. Elevated overhead costs, integration risks from acquisitions, reliance on large OEM customers, and the need to continually refresh its technology in the face of large global competitors add further uncertainty.
The forward picture is balanced: Titan has meaningful strategic assets—niche expertise, differentiated technology, and a broadened product portfolio—but must demonstrate that these can translate into stronger, more consistent profitability and cash generation. If management can improve cost efficiency, realize the benefits of its investments, and navigate industry cycles without over‑stretching the balance sheet, the company could gradually improve its financial profile. Conversely, if margins remain thin and cash flows weak, the combination of heavy capital needs and significant debt will keep risk levels elevated.
About Titan International, Inc.
https://www.titan-intl.comTitan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $410.44M ▼ | $52.39M ▼ | $-56.04M ▼ | -13.65% ▼ | $-0.88 ▼ | $5.64M ▼ |
| Q3-2025 | $466.47M ▲ | $57.82M ▼ | $-2.26M ▲ | -0.48% ▲ | $-0.04 ▲ | $25.13M ▼ |
| Q2-2025 | $460.83M ▼ | $59.11M ▲ | $-4.54M ▼ | -0.99% ▼ | $-0.07 ▼ | $27.38M ▼ |
| Q1-2025 | $490.71M ▲ | $56.84M ▼ | $-649K ▼ | -0.13% ▼ | $-0.01 ▼ | $29.66M ▲ |
| Q4-2024 | $383.57M | $58.2M | $1.34M | 0.35% | $0.02 | $4.94M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $202.88M ▼ | $1.67B ▼ | $1.15B ▼ | $514.38M ▼ |
| Q3-2025 | $205.38M ▲ | $1.75B ▼ | $1.18B ▲ | $569.07M ▼ |
| Q2-2025 | $184.67M ▲ | $1.75B ▲ | $1.18B ▼ | $570.49M ▲ |
| Q1-2025 | $174.43M ▼ | $1.72B ▲ | $1.18B ▲ | $534.25M ▲ |
| Q4-2024 | $195.97M | $1.58B | $1.09B | $496.07M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-56.04M ▼ | $12.79M ▼ | $-23.21M ▼ | $7.96M ▲ | $-2.5M ▼ | $-5.08M ▼ |
| Q3-2025 | $-2.26M ▲ | $41.52M ▲ | $-11.59M ▼ | $-7.42M ▼ | $20.71M ▲ | $29.89M ▲ |
| Q2-2025 | $-3.6M ▼ | $14.31M ▲ | $-10.02M ▲ | $-1.71M ▼ | $10.24M ▲ | $4.22M ▲ |
| Q1-2025 | $22K ▼ | $-38.59M ▼ | $-14.83M ▼ | $18.61M ▲ | $-21.54M ▲ | $-53.62M ▼ |
| Q4-2024 | $1.34M | $8.74M | $-12.57M | $-8.5M | $-31.32M | $-4.57M |
Revenue by Products
| Product | Q1-2023 | Q2-2023 | Q3-2023 | Q4-2023 |
|---|---|---|---|---|
Agricultural | $310.00M ▲ | $270.00M ▼ | $210.00M ▼ | $190.00M ▼ |
Consumer | $40.00M ▲ | $40.00M ▲ | $30.00M ▼ | $40.00M ▲ |
Earthmovingconstruction | $200.00M ▲ | $170.00M ▼ | $160.00M ▼ | $160.00M ▲ |
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Titan International, Inc.'s financial evolution and strategic trajectory over the past five years.
Titan benefits from a solid revenue base, recognizable positions in specialized agricultural and construction niches, and strong relationships with major OEMs and aftermarket customers. Its integrated wheel‑and‑tire model, proprietary LSW technology, and broader portfolio (including Carlstar and Goodyear‑branded products) provide clear differentiation. The balance sheet shows solid liquidity and tangible asset backing, and the company continues to invest in innovation and modern manufacturing capabilities, which can support long‑term competitiveness.
Financially, the main concerns are persistent net losses, very thin operating margins, and negative free cash flow, all against the backdrop of a relatively high debt load. The business operates in cyclical, capital‑intensive markets, where downturns can quickly pressure volumes, pricing, and plant utilization. Elevated overhead costs, integration risks from acquisitions, reliance on large OEM customers, and the need to continually refresh its technology in the face of large global competitors add further uncertainty.
The forward picture is balanced: Titan has meaningful strategic assets—niche expertise, differentiated technology, and a broadened product portfolio—but must demonstrate that these can translate into stronger, more consistent profitability and cash generation. If management can improve cost efficiency, realize the benefits of its investments, and navigate industry cycles without over‑stretching the balance sheet, the company could gradually improve its financial profile. Conversely, if margins remain thin and cash flows weak, the combination of heavy capital needs and significant debt will keep risk levels elevated.

CEO
Paul George Reitz
Compensation Summary
(Year 2024)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2008-08-18 | Forward | 5:4 |
| 1995-09-01 | Forward | 3:2 |
ETFs Holding This Stock
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AIP, LLC
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Value:$116M
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