Titan International, Inc. (TWI) — Financial statements
Income statement, balance sheet, and cash flow for Titan International, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,828↓0.9% | 1,846↑1.3% | 1,822↓16.0% | 2,169↑21.9% | 1,780 | |
| Cost of Revenue | 1,586↓0.1% | 1,588↑4.8% | 1,516↓16.2% | 1,809↑17.2% | 1,543 | |
| Gross Profit | 242↓6.0% | 258↓15.7% | 306↓15.2% | 361↑51.9% | 238 | |
| Operating Expenses | ||||||
| R&D Expenses | 18↑10.9% | 17↑31.7% | 13↑20.5% | 10↑3.0% | 10 | |
| General & Administrative Expenses | 0.00 | 0.00↓100.0% | 132↑1.4% | 130↑0.6% | 129 | |
| Selling & Marketing Expenses | 0.00 | 0.00↓100.0% | 3↑10.0% | 3↑11.1% | 3 | |
| SG&A Expenses | 203↑6.0% | 192↑42.1% | 135↑1.6% | 133↑0.8% | 132 | |
| Other Expenses | 0.00↓100.0% | 16↑69.0% | 10↓17.6% | 12↑11.6% | 10 | |
| Operating Expenses | 222↓1.3% | 225↑43.0% | 157↑1.4% | 155↑1.7% | 152 | |
| Total Costs & Expenses | 1,808↓0.3% | 1,813↑8.3% | 1,673↓14.8% | 1,964↑15.8% | 1,695 | |
| Operating Results | ||||||
| Operating Income | 21↓37.4% | 33↓77.7% | 149↓27.7% | 206↑141.6% | 85 | |
| Depreciation & Amortization | 67↑10.6% | 61↑43.1% | 42↑1.3% | 42↓10.9% | 47 | |
| EBITDA | 88↓16.6% | 105↓38.3% | 171↓37.6% | 274↑110.4% | 130 | |
| EBIT | 21↓53.6% | 45↓65.2% | 129↓44.6% | 232↑178.8% | 83 | |
| Interest & Other Income | ||||||
| Net Interest Income | -28↓10.2% | -25↓35.2% | -19↑37.0% | -30↑7.5% | -32 | |
| Interest Income | 11↓2.9% | 11 | 0.00↓100.0% | 2 | 0.00 | |
| Interest Expense | 39↑6.3% | 36↑93.9% | 19↓41.6% | 32↓0.2% | 32 | |
| Non-Operating Income | 0.00↑100.0% | -12↓157.0% | 20↑176.6% | -26↓1476.5% | 2 | |
| Other Income / Expenses | -32↓28.7% | -25↑36.1% | -39↓1030.2% | -3↑89.9% | -34 | |
| Income Before Tax | -11↓236.6% | 8↓92.5% | 110↓45.8% | 202↑296.5% | 51 | |
| Income Tax Expense | 50↑320.6% | 12↓54.5% | 26↑12.4% | 23↑1916.3% | 1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -61↓1604.4% | -4↓104.3% | 84↓53.3% | 179↑259.2% | 50 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -63↓1042.0% | -6↓107.1% | 79↓55.3% | 176↑255.5% | 50 | |
| Bottom-Line Net Income | -63↓1042.0% | -6↓107.1% | 79↓55.3% | 176↑255.5% | 50 | |
| EPS (Basic) | -1.00↓1134.6% | -0.08↓106.4% | 1.26↓55.0% | 2.80↑250.0% | 0.80 | |
| EPS (Diluted) | -1.00↓1134.6% | -0.08↓106.5% | 1.25↓54.9% | 2.77↑250.6% | 0.79 | |
| Weighted Average Shares | 63↓7.5% | 69↑9.9% | 62↓0.9% | 63↑1.5% | 62 | |
| Weighted Average Diluted Shares | 64↓7.2% | 69↑9.1% | 63↓1.1% | 64↑1.6% | 63 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.