TITAN INTERNATIONAL INC
Business
Titan International is a global manufacturer and supplier of wheels, tires, assemblies, and undercarriage systems for off-highway equipment. The company produces specialized products under brands including Goodyear Farm Tire, Titan Tire, Carlstar, and Voltyre-Prom for original equipment manufacturers and aftermarket customers. Titan operates three reportable segments—Agricultural, Earthmoving/Construction, and Consumer—serving agricultural, mining, construction, forestry, and consumer power-equipment markets across North America, Latin America, Europe, and Asia.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 1,828 | 1,846 | 1,822 | 2,169 | 1,780 | |
| Cost of sales | 1,575 | 1,588 | 1,516 | 1,809 | 1,543 | |
| Gross profit | 253 | 258 | 306 | 361 | 238 | |
| Selling, general and administrative expenses | 203 | 192 | 135 | 133 | 132 | |
| Acquisition related expenses | 0 | 6 | 0 | 0 | — | |
| Research and development expenses | 18 | 17 | 13 | 10 | 10 | |
| Royalty expense | 11 | 10 | 10 | 12 | 11 | |
| Income from operations | 21 | 33 | 149 | 206 | 85 | |
| Interest expense | −39 | −36 | −29 | −32 | — | |
| Interest income | 11 | 11 | 10 | 2 | — | |
| Foreign exchange loss | −5 | −6 | −23 | 927,000 | 12 | |
| Other income | 965,000 | 7 | 3 | 25 | — | |
| (Loss) income before income taxes | −11 | 8 | 110 | 202 | — | |
| Provision for income taxes | 50 | 12 | 26 | 23 | 1 | |
| Net (loss) income | −61 | −4 | 84 | 179 | 50 | |
| Net income attributable to noncontrolling interests | 2 | 2 | 5 | 3 | −305,000 | |
| Net (loss) income attributable to Titan and applicable to common shareholders | −63 | −6 | 79 | 176 | 50 | |
| Basic (in usd per share) | −1 | −0.08 | 1.26 | 2.8 | 0.8 | |
| Diluted (in usd per share) | −1 | −0.08 | 1.25 | 2.77 | 0.79 | |
| Basic (in shares) | 64 | 69 | 62 | 63 | 62 | |
| Diluted (in shares) | 64 | 69 | 63 | 64 | 63 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 203 | 196 | 220 | — | 98 | |
| Accounts receivable, net of allowance of $5,058 and $3,232 | 239 | 212 | 219 | 267 | 255 | |
| Inventories | 471 | 437 | 365 | 397 | 393 | |
| Prepaid and other current assets | 74 | 67 | 72 | 86 | 67 | |
| Total current assets | 986 | 912 | 877 | 910 | 813 | |
| Property, plant and equipment, net | 449 | 421 | 322 | 297 | 301 | |
| Operating lease assets | 119 | 117 | 12 | 9 | 21 | |
| Goodwill | 30 | 30 | 0 | — | — | |
| Intangible assets, net | 11 | 12 | 1 | — | — | |
| Deferred income taxes | 11 | 42 | 38 | 39 | 17 | |
| Other long-term assets | 67 | 51 | 39 | 31 | 30 | |
| Total assets | 1,673 | 1,585 | 1,289 | 1,285 | 1,183 | |
| Short-term debt | 21 | 12 | 17 | 31 | 33 | |
| Accounts payable | 252 | 220 | 201 | 263 | 278 | |
| Operating leases | 14 | 12 | 5 | — | — | |
| Other current liabilities | 142 | 143 | 139 | 152 | 140 | |
| Total current liabilities | 428 | 387 | 363 | 446 | 451 | |
| Long-term debt | 565 | 553 | 409 | 415 | 452 | |
| Deferred income taxes | 6 | 6 | 2 | 3 | 4 | |
| Operating leases | 111 | 106 | 6 | — | — | |
| Other long-term liabilities | 41 | 39 | 42 | 37 | 48 | |
| Total liabilities | 1,151 | 1,091 | 822 | 901 | 956 | |
| Commitments and contingencies: Notes 10, 22, 23 and 24 | — | — | — | — | — | |
| Common stock ($0.0001 par, 120,000,000 shares authorized, 78,447,035 issued and 63,951,494 outstanding at December 31, 2025; 78,447,035 issued and 63,139,435 outstanding at December 31, 2024) | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 739 | 740 | 569 | 566 | 562 | |
| Retained earnings | 101 | 164 | 170 | 91 | −85 | |
| Treasury stock (at cost, 14,495,541 shares at December 31, 2025 and 15,307,600 shares at December 31, 2024) | −116 | −122 | −53 | −23 | −1 | |
| Accumulated other comprehensive loss | −209 | −286 | −219 | −252 | −246 | |
| Total Titan stockholders equity | 514 | 496 | 467 | 381 | 229 | |
| Noncontrolling interests | 7 | −2 | 355,000 | 2 | −2 | |
| Total equity | 522 | 494 | 467 | 383 | 227 | |
| Total liabilities and equity | 1,673 | 1,585 | 1,289 | 1,285 | 1,183 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 67 | 61 | 42 | 43 | 48 | |
| Deferred income tax provision (benefit) | 31 | −6 | −2 | −23 | −14 | |
| Income on indirect taxes | 0 | 0 | −3 | −32 | 0 | |
| Gain on fixed asset and investment sale | −54,000 | −425,000 | −644,000 | −216,000 | 569,000 | |
| Stock-based compensation | 3 | 5 | 5 | 4 | 3 | |
| Issuance of stock under 401(k) plan | 2 | 1 | 2 | 2 | 1 | |
| Gain from property insurance settlement | 0 | −4 | 0 | 0 | — | |
| Foreign currency loss (gain) | 10 | −506,000 | 20 | 3 | −9 | |
| Accounts receivable | −4 | 74 | 43 | −27 | −75 | |
| Inventories | −7 | 51 | 32 | −20 | −113 | |
| Prepaid and other current assets | −1 | 12 | 18 | 11 | −16 | |
| Other assets | −14 | −5 | −2,000 | −1 | −5 | |
| Accounts payable | 11 | −29 | −63 | −8 | 121 | |
| Other current liabilities | −9 | −15 | 872,000 | 19 | 15 | |
| Other liabilities | 3 | 998,000 | 2 | 516,000 | −12 | |
| Net cash provided by operating activities | 30 | 141 | 179 | 161 | 11 | |
| Capital expenditures | −55 | −66 | −61 | −47 | −39 | |
| Business acquisition, net of cash acquired | 0 | −144 | 0 | 0 | — | |
| Proceeds from sale of investments | 0 | 2 | 2 | 9 | — | |
| Proceeds from property insurance settlement | 0 | 4 | 0 | 0 | 0 | |
| Investments in nonconsolidated affiliates | −6 | 0 | 0 | — | — | |
| Other investing activities | 649,000 | 2 | 2 | 930,000 | 1 | |
| Net cash used for investing activities | −60 | −202 | −57 | −37 | −38 | |
| Proceeds from borrowings | 117 | 213 | 7 | 89 | 497 | |
| Payment on debt | −100 | −70 | −28 | −125 | −69 | |
| Payment of debt issuance costs | 0 | −3 | 0 | 0 | — | |
| Other financing activities | 6,000 | −1 | −2 | −511,000 | −1 | |
| Net cash provided by (used for) financing activities | 17 | 65 | −56 | −61 | 14 | |
| Effect of exchange rate changes on cash | 19 | −29 | −6 | −1 | −6 | |
| Net increase (decrease) in cash and cash equivalents | 7 | −24 | 61 | 61 | −19 | |
| Interest paid | 42 | 37 | 30 | 32 | 35 | |
| Income taxes paid, net of refunds received | 20 | 20 | 22 | 24 | 16 | |
| Issuance of common stock in connection with business acquisition | 0 | 169 | 0 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is TITAN INTERNATIONAL INC's CIK number?
TITAN INTERNATIONAL INC's SEC CIK number is 0000899751 (899751). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find TITAN INTERNATIONAL INC's SEC filings?
All of TITAN INTERNATIONAL INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did TITAN INTERNATIONAL INC last report earnings?
TITAN INTERNATIONAL INC (TWI) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000899751-26-000043). This is TITAN INTERNATIONAL INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is TITAN INTERNATIONAL INC's most recent earnings 8-K?
TITAN INTERNATIONAL INC's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0000899751-26-000043. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View TITAN INTERNATIONAL INC's latest earnings 8-K →
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