Titan International, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.83B | $1.85B | $1.82B | $2.17B | $1.78B | $1.26B | $1.45B | $1.60B |
| Cost of Revenue | $1.57B | $1.59B | $1.52B | $1.81B | $1.54B | $1.13B | $1.32B | $1.40B |
| Gross Profit | $253.5M | $257.8M | $305.8M | $360.7M | $237.5M | $114.3M | $129.0M | $198.3M |
| Gross Margin | 13.9% | 14.0% | 16.8% | 16.6% | 13.3% | 9.1% | 8.9% | 12.4% |
| Operating Expenses | ||||||||
| Research & Development | $18.3M | $16.5M | $12.5M | $10.4M | $10.1M | $9.0M | $9.9M | $11.1M |
| SG&A Expense | $203.3M | $191.8M | $134.9M | $132.8M | $131.8M | $130.9M | $137.7M | $134.8M |
| Operating Income | $20.8M | $33.2M | $148.7M | $205.8M | $85.2M | $-35.4M | $-28.4M | $42.2M |
| Operating Margin | 1.1% | 1.8% | 8.2% | 9.5% | 4.8% | -2.8% | -2.0% | 2.6% |
| Interest Expense | — | — | $18.8M | $29.8M | $32.2M | $30.6M | $32.0M | $28.3M |
| Pretax Income | $-11.3M | $8.3M | $109.7M | $202.4M | $51.0M | $-58.1M | $-48.0M | $19.8M |
| Income Tax Expense | $49.9M | $11.9M | $26.0M | $23.2M | $1.1M | $6.9M | $3.5M | $6.8M |
| Net Income | $-63.5M | $-5.6M | $78.8M | $176.3M | $49.6M | $-60.4M | $-48.4M | $16.1M |
| Net Margin | -3.5% | -0.3% | 4.3% | 8.1% | 2.8% | -4.8% | -3.3% | 1.0% |
| EPS (Basic) | $-1.00 | $-0.08 | $1.26 | $2.80 | $0.80 | $-0.99 | $-0.84 | $0.06 |
| EPS (Diluted) | $-1.00 | $-0.08 | $1.25 | $2.77 | $0.79 | $-0.99 | $-0.84 | $0.06 |
| Shares Outstanding (Basic) | 63.7M | 68.7M | 62.5M | 63.0M | 62.1M | 60.8M | 60.1M | 59.8M |
| Shares Outstanding (Diluted) | 63.7M | 68.7M | 63.0M | 63.7M | 62.7M | 60.8M | 60.1M | 59.9M |
| Dividends Per Share | — | — | — | $0.00 | $0.00 | $0.01 | $0.02 | $0.02 |