TWI
Titan International Inc
NYSE: TWI · INDUSTRIALS · FARM & HEAVY CONSTRUCTION MACHINERY
$7.62
-4.63% today
Updated 2026-04-30
Market cap
$520.52M
P/E ratio
—
P/S ratio
0.29x
EPS (TTM)
$-1.00
Dividend yield
—
52W range
$6 – $12
Volume
1.2M
Titan International Inc (TWI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $679.45M | $837.02M | $1.04B | $727.60M | $881.59M | $1.49B | $1.82B | $2.16B | $1.90B | $1.39B | $1.27B | $1.47B | $1.60B | $1.45B | $1.26B | $1.78B | $2.17B | $1.82B | $1.85B | $1.83B |
| Revenue growth (YoY) | — | +23.2% | +23.9% | -29.8% | +21.2% | +68.7% | +22.4% | +18.8% | -12.4% | -26.4% | -9.3% | +16.1% | +9.1% | -9.6% | -13.1% | +41.4% | +21.9% | -16.0% | +1.3% | -0.9% |
| Cost of revenue | $606.68M | $752.89M | $896.99M | $671.63M | $767.66M | $1.25B | $1.53B | $1.87B | $1.75B | $1.26B | $1.12B | $1.31B | $1.40B | $1.32B | $1.14B | $1.54B | $1.81B | $1.52B | $1.59B | $1.59B |
| Gross profit | $72.78M | $84.13M | $139.71M | $55.97M | $113.93M | $232.11M | $294.14M | $295.19M | $140.64M | $137.81M | $142.48M | $158.28M | $198.27M | $129.00M | $114.32M | $237.54M | $360.71M | $305.85M | $257.80M | $242.35M |
| Gross margin | 10.7% | 10.1% | 13.5% | 7.7% | 12.9% | 15.6% | 16.2% | 13.6% | 7.4% | 9.9% | 11.3% | 10.8% | 12.4% | 8.9% | 9.1% | 13.3% | 16.6% | 16.8% | 14.0% | 13.3% |
| R&D | $1.30M | $1.70M | $3.50M | $8.85M | $6.32M | $4.23M | $7.15M | $11.16M | $14.01M | $11.16M | $9.97M | $10.30M | $11.15M | $9.86M | $9.01M | $10.10M | $10.40M | $12.54M | $16.52M | $18.32M |
| SG&A | $42.14M | $53.14M | $9.24M | $7.57M | $9.26M | $95.71M | $12.26M | $14.26M | $14.08M | $10.53M | $140.19M | $146.78M | $131.69M | $134.00M | $128.64M | $129.07M | $129.79M | $131.64M | $185.77M | $203.27M |
| Operating income | $22.01M | $24.84M | $73.32M | $-18.89M | $40.78M | $132.17M | $174.71M | $102.39M | $-97.63M | $-24.28M | $-21.33M | $-13.18M | $42.24M | $-28.43M | $-35.35M | $85.17M | $205.80M | $148.73M | $33.18M | $20.76M |
| Operating margin | 3.2% | 3.0% | 7.1% | -2.6% | 4.6% | 8.9% | 9.6% | 4.7% | -5.2% | -1.7% | -1.7% | -0.9% | 2.6% | -2.0% | -2.8% | 4.8% | 9.5% | 8.2% | 1.8% | 1.1% |
| EBITDA | $48.86M | $43.45M | $68.50M | $18.54M | $64.88M | $177.08M | $155.40M | $182.48M | $-28.58M | $49.53M | $54.06M | $34.65M | $106.46M | $38.34M | $27.08M | $130.26M | $274.05M | $170.97M | $105.40M | $87.87M |
| EBITDA margin | 7.2% | 5.2% | 6.6% | 2.5% | 7.4% | 11.9% | 8.5% | 8.4% | -1.5% | 3.6% | 4.3% | 2.4% | 6.6% | 2.6% | 2.2% | 7.3% | 12.6% | 9.4% | 5.7% | 4.8% |
| EBIT | $22.01M | $14.83M | $38.13M | $-15.76M | $27.32M | $132.17M | $101.30M | $101.85M | $-117.28M | $-20.09M | $-3.94M | $-22.65M | $50.26M | $-16.04M | $-27.58M | $83.26M | $232.15M | $128.53M | $44.70M | $20.76M |
| Interest expense | $17.00M | $18.71M | $15.12M | $16.25M | $26.67M | $25.26M | $27.66M | $48.02M | $36.56M | $34.03M | $32.54M | $30.23M | $30.46M | $33.14M | $30.55M | $32.22M | $32.15M | $18.79M | $36.43M | $38.71M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $5.14M | $-7.25M | $13.34M | $-24.64M | $358000.00 | $58.15M | $95.55M | $35.20M | $-80.46M | $-75.63M | $-33.99M | $-60.04M | $16.09M | $-48.42M | $-60.39M | $49.59M | $176.30M | $78.76M | $-5.56M | $-63.49M |
| Net income growth (YoY) | — | -240.9% | +284.0% | -284.8% | +101.5% | +16143.6% | +64.3% | -63.2% | -328.5% | +6.0% | +55.1% | -76.7% | +126.8% | -401.0% | -24.7% | +182.1% | +255.5% | -55.3% | -107.1% | -1042.0% |
| Profit margin | 0.8% | -0.9% | 1.3% | -3.4% | 0.0% | 3.9% | 5.2% | 1.6% | -4.2% | -5.4% | -2.7% | -4.1% | 1.0% | -3.3% | -4.8% | 2.8% | 8.1% | 4.3% | -0.3% | -3.5% |