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Stocks · Materials · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

TITAN INTERNATIONAL INC

TWI Clue Score20
United States Fiscal year ends December CIK 0000899751
$6.95 +1.91% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $6.95 +1.46% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,265.5Operating income−22.4Net income−37.6EPS, diluted−0.87Fiscal year 2017Revenue1,468.9 +16.1%Operating income−11.2Net income−60.0EPS, diluted−1.12Fiscal year 2018Revenue1,602.4 +9.1%Operating income42.2Net income16.1EPS, diluted0.06Fiscal year 2019Revenue1,448.7 −9.6%Operating income−28.4Net income−48.4 −401.0%EPS, diluted−0.84 −1,500.0%Fiscal year 2020Revenue1,259.3 −13.1%Operating income−35.4Net income−60.4EPS, diluted−0.99Fiscal year 2021Revenue1,780.2 +41.4%Operating income85.2Net income49.6EPS, diluted0.79Fiscal year 2022Revenue2,169.4 +21.9%Operating income205.8Net income176.3 +255.5%EPS, diluted2.77 +250.6%Fiscal year 2023Revenue1,821.8 −16.0%Operating income148.7Net income78.8 −55.3%EPS, diluted1.25 −54.9%Fiscal year 2024Revenue1,845.9 +1.3%Operating income33.2Net income−5.6 −107.1%EPS, diluted−0.08 −106.4%Fiscal year 2025Revenue1,828.4 −0.9%Operating income20.8Net income−63.5EPS, diluted−1.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,265.5 1,468.9 1,602.4 1,448.7 1,259.3 1,780.2 2,169.4 1,821.8 1,845.9 1,828.4
Growth +16.1% +9.1% −9.6% −13.1% +41.4% +21.9% −16.0% +1.3% −0.9%
Operating income −22.4 −11.2 42.2 −28.4 −35.4 85.2 205.8 148.7 33.2 20.8
Net income −37.6 −60.0 16.1 −48.4 −60.4 49.6 176.3 78.8 −5.6 −63.5
Growth −401.0% +255.5% −55.3% −107.1%
EPS, diluted −0.87 −1.12 0.06 −0.84 −0.99 0.79 2.77 1.25 −0.08 −1.00
Growth −1,500.0% +250.6% −54.9% −106.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin11.2%Operating margin−1.8%Net margin−3.0%Free cash flow margin0.1%Fiscal year 2017Gross margin10.9%Operating margin−0.8%Net margin−4.1%Free cash flow margin−2.3%Fiscal year 2018Gross margin12.4%Operating margin2.6%Net margin1.0%Free cash flow margin−4.7%Fiscal year 2019Gross margin8.9%Operating margin−2.0%Net margin−3.3%Free cash flow margin0.6%Fiscal year 2020Gross margin9.1%Operating margin−2.8%Net margin−4.8%Free cash flow margin2.8%Fiscal year 2021Gross margin13.3%Operating margin4.8%Net margin2.8%Free cash flow margin−1.6%Fiscal year 2022Gross margin16.6%Operating margin9.5%Net margin8.1%Free cash flow margin5.2%Fiscal year 2023Gross margin16.8%Operating margin8.2%Net margin4.3%Free cash flow margin6.5%Fiscal year 2024Gross margin14.0%Operating margin1.8%Net margin−0.3%Free cash flow margin4.1%Fiscal year 2025Gross margin13.9%Operating margin1.1%Net margin−3.5%Free cash flow margin−1.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 11.2% 10.9% 12.4% 8.9% 9.1% 13.3% 16.6% 16.8% 14.0% 13.9%
Operating margin −1.8% −0.8% 2.6% −2.0% −2.8% 4.8% 9.5% 8.2% 1.8% 1.1%
Net margin −3.0% −4.1% 1.0% −3.3% −4.8% 2.8% 8.1% 4.3% −0.3% −3.5%
Free cash flow margin 0.1% −2.3% −4.7% 0.6% 2.8% −1.6% 5.2% 6.5% 4.1% −1.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow43.5Capital expenditure−41.9Free cash flow1.6Dividends paid−1.1Fiscal year 2017Operating cash flow−1.3Capital expenditure−32.6Free cash flow−33.9 −2,285.2%Dividends paid−1.2Fiscal year 2018Operating cash flow−36.2Capital expenditure−39.0Free cash flow−75.2Dividends paid−1.2Fiscal year 2019Operating cash flow45.4Capital expenditure−36.4Free cash flow9.0Dividends paid−1.2Fiscal year 2020Operating cash flow57.2Capital expenditure−21.7Free cash flow35.5 +293.8%Buybacks0.0Dividends paid−0.6Fiscal year 2021Operating cash flow10.7Capital expenditure−38.8Free cash flow−28.1 −179.0%Buybacks0.0Dividends paid0.0Fiscal year 2022Operating cash flow160.7Capital expenditure−47.0Free cash flow113.7Buybacks−25.0Dividends paid0.0Fiscal year 2023Operating cash flow179.4Capital expenditure−60.8Free cash flow118.6 +4.3%Buybacks−32.6Fiscal year 2024Operating cash flow141.5Capital expenditure−65.6Free cash flow75.9 −36.0%Fiscal year 2025Operating cash flow30.0Capital expenditure−54.6Free cash flow−24.6 −132.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 43.5 −1.3 −36.2 45.4 57.2 10.7 160.7 179.4 141.5 30.0
Capital expenditure −41.9 −32.6 −39.0 −36.4 −21.7 −38.8 −47.0 −60.8 −65.6 −54.6
Free cash flow 1.6 −33.9 −75.2 9.0 35.5 −28.1 113.7 118.6 75.9 −24.6
Growth −2,285.2% +293.8% −179.0% +4.3% −36.0% −132.4%
Buybacks n/a n/a n/a n/a 0.0 0.0 −25.0 −32.6 n/a n/a
Dividends paid −1.1 −1.2 −1.2 −1.2 −0.6 0.0 0.0 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash147.8Total debt506.2Net cash (debt)−358.3Shareholders’ equity296.8Debt to equity1.71Fiscal year 2017Cash143.6Total debt450.8Net cash (debt)−307.3Shareholders’ equity320.9Debt to equity1.40Fiscal year 2018Cash81.7Total debt461.5Net cash (debt)−379.8Shareholders’ equity279.0Debt to equity1.65Fiscal year 2019Cash66.8Total debt499.7Net cash (debt)−432.9Shareholders’ equity234.9Debt to equity2.13Fiscal year 2020Cash117.4Total debt464.7Net cash (debt)−347.3Shareholders’ equity179.3Debt to equity2.59Fiscal year 2021Cash98.1Total debt485.0Net cash (debt)−386.8Shareholders’ equity229.3Debt to equity2.11Fiscal year 2022Total debt445.6Shareholders’ equity381.2Debt to equity1.17Fiscal year 2023Cash220.3Total debt426.1Net cash (debt)−205.8Shareholders’ equity467.1Debt to equity0.91Fiscal year 2024Cash196.0Total debt568.3Net cash (debt)−372.3Shareholders’ equity496.1Debt to equity1.15Fiscal year 2025Cash202.9Total debt587.9Net cash (debt)−385.0Shareholders’ equity514.4Debt to equity1.14
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 147.8 143.6 81.7 66.8 117.4 98.1 n/a 220.3 196.0 202.9
Total debt 506.2 450.8 461.5 499.7 464.7 485.0 445.6 426.1 568.3 587.9
Net cash (debt) −358.3 −307.3 −379.8 −432.9 −347.3 −386.8 n/a −205.8 −372.3 −385.0
Shareholders’ equity 296.8 320.9 279.0 234.9 179.3 229.3 381.2 467.1 496.1 514.4
Debt to equity 1.71 1.40 1.65 2.13 2.59 2.11 1.17 0.91 1.15 1.14

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,265.5 1,468.9 1,602.4 1,448.7 1,259.3 1,780.2 2,169.4 1,821.8 1,845.9 1,828.4
Growth +16.1% +9.1% −9.6% −13.1% +41.4% +21.9% −16.0% +1.3% −0.9%
1,124.1 1,298.7 1,404.1 1,319.7 1,130.2 1,542.7 1,808.7 1,516.0 1,588.1 1,575.0
141.4 160.3 198.3 129.0 114.3 237.5 360.7 305.8 257.8 253.5
Growth +13.4% +23.7% −34.9% −11.4% +107.8% +51.9% −15.2% −15.7% −1.7%
10.0 10.3 11.1 9.9 9.0 10.1 10.4 12.5 16.5 18.3
145.0 150.7 134.8 137.7 130.9 131.8 132.8 134.9 191.8 203.3
−22.4 −11.2 42.2 −28.4 −35.4 85.2 205.8 148.7 33.2 20.8
Growth −167.3% +141.6% −27.7% −77.7% −37.4%
−36.5 −52.9 19.8 −48.0 −58.1 51.0 202.4 109.7 8.3 −11.3
3.3 11.2 6.8 3.5 6.9 1.1 23.2 26.0 11.9 49.9
−37.6 −60.0 16.1 −48.4 −60.4 49.6 176.3 78.8 −5.6 −63.5
Growth −401.0% +255.5% −55.3% −107.1%
Per share
−0.87 −1.12 0.06 −0.84 −0.99 0.80 2.80 1.26 −0.08 −1.00
−0.87 −1.12 0.06 −0.84 −0.99 0.79 2.77 1.25 −0.08 −1.00
Growth −1,500.0% +250.6% −54.9% −106.4%
53.9 59.3 59.8 60.1 60.8 62.1 63.0 62.5 68.7 63.7
53.9 59.3 59.9 60.1 60.8 62.7 63.7 63.0 68.7 63.7
Growth +10.1% +1.0% +0.3% +1.2% +3.1% +1.6% −1.1% +9.1% −7.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 7.7% a year over five years.
  • The diluted share count rose 4.8% in five years, which is dilution.
  • Operating margin is up 3.9 points on five years ago, at 1.1%.
  • A net loss in 6 of 10 years on file.