TITAN INTERNATIONAL INC

Listed Company

TWICIK 0000899751NYSEAcceleratedSteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)IllinoisFY ends Dec 31

Period

FY 2025

Revenue

$1.83B

Net Income

$-63.49M

Total Assets

$1.67B

Equity

$514.38M

Shares Out

64.37M

Op. Cash Flow

$30.03M

Business

TITAN INTERNATIONAL INC is a global manufacturer and supplier of wheels, tires, undercarriage systems and related assemblies for off-highway and consumer applications. It produces and sells agricultural, earthmoving/construction and consumer wheels and tires, as well as undercarriage components, wheel-and-tire assemblies, and related R&D and engineering services. The company operates through agricultural, earthmoving/construction and consumer business segments that serve OEM and aftermarket customers. Titan distributes products worldwide through an internal sales force, independent and OEM-affiliated dealers, wholesalers and direct OEM channels across North America, Latin America, Europe, Asia and other regions.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro