Titan International Inc (TWI) Financial Statements
Industry: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
In fiscal 2025, Titan International reported revenue of $1.83B, down 0.9% from $1.85B the year before. Net income was -$63.5M (a -3.5% net margin), or -$1.00 per diluted share. Gross margin was 13.9% and operating margin was 1.1%. Operating activities generated $30.0M of cash, leaving -$24.6M of free cash flow. At fiscal year end, Titan International held $1.67B in total assets against $1.15B in total liabilities, including $202.9M of cash and equivalents.
Open the full interactive Titan International financials → Quarterly statements, key ratios, valuation history and price charts.
Titan International Key Stats
| Share Price | $6.98 |
|---|---|
| Market Cap | $450.2M |
| Revenue YoY Growth | -0.9% |
| 52-Week Range | $6.42 – $11.40 |
| Shares Outstanding | 64.4 million (basic, 2026 Q2) |
Titan International Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.26B | $1.78B | $2.17B | $1.82B | $1.85B | $1.83B |
| Cost of Goods Sold | $1.13B | $1.54B | $1.81B | $1.52B | $1.59B | $1.57B |
| Gross Profit | $114.3M | $237.5M | $360.7M | $305.8M | $257.8M | $253.5M |
| Operating Income | -$35.4M | $85.2M | $205.8M | $148.7M | $33.2M | $20.8M |
| Pre-Tax Income | -$58.1M | $51.0M | $202.4M | $109.7M | $8.3M | -$11.3M |
| Income Tax | $6.9M | $1.1M | $23.2M | $26.0M | $11.9M | $49.9M |
| Net Income | -$60.4M | $49.6M | $176.3M | $78.8M | -$5.6M | -$63.5M |
| Diluted EPS | -$0.99 | $0.79 | $2.77 | $1.25 | -$0.08 | -$1.00 |
Titan International Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $466.5M | $410.4M | $505.1M | $484.8M |
| Net Income | -$2.3M | -$56.0M | -$24.2M | $5.8M |
| Diluted EPS | -$0.04 | -$0.88 | -$0.38 | $0.09 |
Titan International Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $117.4M | $98.1M | — | — | $196.0M | $202.9M |
| Current Assets | $658.6M | $813.3M | $909.6M | $876.8M | $912.0M | $986.0M |
| Total Assets | $1.03B | $1.18B | $1.28B | $1.29B | $1.58B | $1.67B |
| Current Liabilities | $329.7M | $450.8M | $446.2M | $372.4M | $387.4M | $428.2M |
| Total Long-Term Debt | $464.7M | $485.0M | $445.6M | $426.1M | $565.4M | $585.9M |
| Total Liabilities | $830.6M | $955.5M | $901.5M | $821.8M | $1.09B | $1.15B |
| Shareholders' Equity | $179.3M | $229.3M | $381.2M | $467.1M | $496.1M | $514.4M |
Titan International Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $57.2M | $10.7M | $160.7M | $179.3M | $141.5M | $30.0M |
| Cash From Investing | $33.2M | -$37.6M | -$36.8M | -$56.9M | -$201.6M | -$59.6M |
| Cash From Financing | -$38.6M | $13.9M | -$61.3M | -$56.0M | $64.6M | $17.4M |
| Free Cash Flow | $35.5M | -$28.1M | $113.7M | $118.6M | $75.9M | -$24.6M |
Figures from Titan International's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Titan International financials page for every line item.
Titan International Company Profile
| Ticker | TWI |
|---|---|
| Exchange | NYSE |
| Industry | Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) |
| Headquarters | West Chicago, Illinois |
| Incorporated in | Illinois |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000899751 |
Frequently Asked Questions
What was Titan International's revenue in fiscal 2025?
Titan International (TWI) reported revenue of $1.83B for fiscal 2025.
What is Titan International's annual revenue history?
Titan International's annual revenue by fiscal year: 2020: $1.26B; 2021: $1.78B; 2022: $2.17B; 2023: $1.82B; 2024: $1.85B; 2025: $1.83B.
What was Titan International's net income in fiscal 2025?
Titan International reported net income of -$63.5M for fiscal 2025.
What was Titan International's earnings per share (EPS) in fiscal 2025?
Titan International's diluted EPS was -$1.00 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Titan International generate in fiscal 2025?
Titan International generated -$24.6M of free cash flow in fiscal 2025.
What was Titan International's revenue last quarter?
In its most recent reported quarter (2026 Q2), Titan International reported revenue of $484.8M.
How much debt does Titan International have?
Titan International reported $585.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Titan International are outstanding?
Titan International reported a weighted average of 64.4 million basic shares outstanding in 2026 Q2.
What is Titan International's market cap?
Based on its latest closing price, Titan International (TWI) has a market capitalization of about $450.2M.
When does Titan International's fiscal year end?
Titan International's fiscal year end, as registered with the SEC, is December 31.
Where is Titan International headquartered?
Titan International lists its business address in West Chicago, Illinois in its SEC filings.
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