Titan International Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,843	1,828	1,846	1,822	2,169	1,780
Revenue Growth (YoY)	-0.63%	-0.95%	1.32%	-16.02%	21.86%	41.37%
Cost of Revenue	1,587	1,575	1,588	1,516	1,809	1,543
Gross Profit	256.27	253.46	257.8	305.85	360.71	237.54
Selling, General & Admin	205.81	203.27	191.79	134.94	132.79	131.77
Research & Development	19.06	18.32	16.52	12.54	10.4	10.1
Other Operating Expenses	36.21	11.11	16.3	9.65	11.71	10.49
Total Operating Expenses	261.09	232.7	224.62	157.12	154.91	152.37
Operating Income	-4.82	20.76	33.18	148.73	205.8	85.18
Interest Income	10.66	10.7	11.02	10.37	2.35	-
Interest Expense	-39.06	-38.71	-36.43	-29.16	-32.15	-32.22
Other Non-Operating Income (Expense)	-0.58	-4.06	0.49	-20.19	26.35	-1.91
Total Non-Operating Income (Expense)	-28.98	-32.06	-24.91	-38.98	-3.45	-34.14
Pretax Income	-35.17	-11.3	8.27	109.75	202.35	51.04
Provision for Income Taxes	50.29	49.89	11.86	26.04	23.17	1.15
Net Income	-87.06	-63.49	-5.56	78.76	176.3	49.59
Minority Interest in Earnings	1.6	2.31	1.97	4.95	2.88	0.31
Net Income to Common	-87.06	-63.49	-5.56	78.76	176.3	49.59
Net Income Growth	-	-	-	-55.33%	255.55%	-
Shares Outstanding (Basic)	64	64	69	62	63	62
Shares Outstanding (Diluted)	64	64	69	63	64	63
Shares Change (YoY)	-6.68%	-7.21%	9.05%	-1.15%	1.60%	3.07%
EPS (Basic)	-1.37	-1.00	-0.08	1.26	2.80	0.80
EPS (Diluted)	-1.37	-1.00	-0.08	1.25	2.77	0.79
EPS Growth	-	-	-	-54.87%	250.63%	-
Shares Outstanding	64.31	63.95	63.14	60.72	62.84	66.41
Free Cash Flow	-30.75	-24.59	75.86	118.55	113.7	-28.08
Free Cash Flow Growth	-	-	-36.01%	4.26%	-	-
Free Cash Flow Per Share	-0.48	-0.39	1.10	1.88	1.79	-0.45
Gross Margin	13.91%	13.86%	13.97%	16.79%	16.63%	13.34%
Operating Margin	-0.26%	1.14%	1.80%	8.16%	9.49%	4.78%
Profit Margin	-4.64%	-3.35%	-0.19%	4.59%	8.26%	2.80%
FCF Margin	-1.67%	-1.34%	4.11%	6.51%	5.24%	-1.58%
EBITDA	63.49	87.87	93.89	191.16	248.55	133.17
EBITDA Margin	3.45%	4.81%	5.09%	10.49%	11.46%	7.48%
EBIT	-4.82	20.76	33.18	148.73	205.8	85.18
EBIT Margin	-0.26%	1.14%	1.80%	8.16%	9.49%	4.78%
Effective Tax Rate	-143.02%	-441.59%	143.41%	23.73%	11.45%	2.25%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q