Titan International Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,828	1,846	1,822	2,169	1,780
Revenue Growth (YoY)	-0.95%	1.32%	-16.02%	21.86%	41.36%
Cost of Revenue	1,586	1,598	1,526	1,820	1,553
Gross Profit	242.35	247.69	296.2	349	227.05
Selling, General & Admin	203.27	190.57	135.49	130.93	131.34
Research & Development	18.32	16.52	12.54	10.4	10.1
Operating Expenses	221.59	207.09	148.03	141.34	141.44
Operating Income	20.76	40.61	148.18	207.66	85.61
Interest Expense	-38.71	-36.43	-29.16	-32.15	-32.22
Interest & Investment Income	10.7	11.02	10.37	2.35	-
Earnings From Equity Investments	-	1.02	1.16	0.86	0.81
Currency Exchange Gain (Loss)	-5.02	-6.12	-22.82	0.93	12.02
Other Non Operating Income (Expenses)	0.97	1.51	1.46	32.05	-1.16
EBT Excluding Unusual Items	-11.3	11.61	109.18	211.7	65.05
Merger & Restructuring Charges	-	-6.2	-	-	-
Gain (Loss) on Sale of Investments	-	-0.38	-	-	-
Gain (Loss) on Sale of Assets	-	0.81	0.25	-10.67	0.26
Legal Settlements	-	-	-	-	1.75
Other Unusual Items	-	-	0.32	1.32	-16.02
Pretax Income	-11.3	8.27	109.75	202.35	51.04
Income Tax Expense	49.89	11.86	26.04	23.17	1.15
Earnings From Continuing Operations	-61.19	-3.59	83.71	179.19	49.89
Minority Interest in Earnings	-2.31	-1.97	-4.95	-2.88	-0.31
Net Income	-63.49	-5.56	78.76	176.3	49.59
Net Income to Common	-63.49	-5.56	78.76	176.3	49.59
Net Income Growth	-	-	-55.33%	255.55%	-
Shares Outstanding (Basic)	64	69	62	63	62
Shares Outstanding (Diluted)	64	69	63	64	63
Shares Change (YoY)	-7.21%	9.05%	-1.15%	1.60%	3.07%
EPS (Basic)	-1.00	-0.08	1.26	2.80	0.80
EPS (Diluted)	-1.00	-0.08	1.25	2.77	0.79
EPS Growth	-	-	-54.87%	250.63%	-
Free Cash Flow	-24.59	75.86	118.55	113.7	-28.08
Free Cash Flow Per Share	-0.39	1.10	1.88	1.78	-0.45
Gross Margin	13.26%	13.42%	16.26%	16.09%	12.75%
Operating Margin	1.14%	2.20%	8.13%	9.57%	4.81%
Profit Margin	-3.47%	-0.30%	4.32%	8.13%	2.79%
Free Cash Flow Margin	-1.34%	4.11%	6.51%	5.24%	-1.58%
EBITDA	87.87	101.31	190.61	250.41	133.6
EBITDA Margin	4.81%	5.49%	10.46%	11.54%	7.51%
D&A For EBITDA	67.11	60.7	42.43	42.75	47.99
EBIT	20.76	40.61	148.18	207.66	85.61
EBIT Margin	1.14%	2.20%	8.13%	9.57%	4.81%
Effective Tax Rate	-	143.41%	23.73%	11.45%	2.25%
Advertising Expenses	-	4.8	3.3	3	2.7

Updated Feb 26, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q