Titan Intl Financials
This page shows Titan Intl (TWI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Titan Intl has an operating margin of 1.8%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 9/100, suggesting thin profitability after operating expenses. This is down from 8.2% the prior year.
Titan Intl's revenue grew a modest 1.3% year-over-year to $1.8B. This slow but positive growth earns a score of 32/100.
Titan Intl carries a low D/E ratio of 1.15, meaning only $1.15 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 69/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.35, Titan Intl holds $2.35 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 74/100.
Titan Intl's free cash flow margin of 4.1% results in a low score of 21/100. Capital expenditures of $65.6M absorb a large share of operating cash flow.
Titan Intl scores 2.16, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Titan Intl passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Titan Intl generates $-25.45 in operating cash flow ($141.5M OCF vs -$5.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Titan Intl earns $0.9 in operating income for every $1 of interest expense ($33.2M vs $36.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Titan Intl generated $1.8B in revenue in fiscal year 2024. This represents an increase of 1.3% from the prior year.
Titan Intl's EBITDA was $93.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 50.9% from the prior year.
Titan Intl generated $75.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 36.0% from the prior year.
Titan Intl reported -$5.6M in net income in fiscal year 2024. This represents a decrease of 107.1% from the prior year.
Titan Intl earned $-0.08 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 106.4% from the prior year.
Titan Intl held $196.0M in cash against $568.3M in long-term debt as of fiscal year 2024.
Titan Intl had 63M shares outstanding in fiscal year 2024. This represents an increase of 4.0% from the prior year.
Titan Intl's gross margin was 14.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.8 percentage points from the prior year.
Titan Intl's operating margin was 1.8% in fiscal year 2024, reflecting core business profitability. This is down 6.4 percentage points from the prior year.
Titan Intl's net profit margin was -0.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.6 percentage points from the prior year.
Titan Intl invested $16.5M in research and development in fiscal year 2024. This represents an increase of 31.7% from the prior year.
Titan Intl invested $65.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 7.9% from the prior year.
TWI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $466.5M+1.2% | $460.8M-6.1% | $490.7M+27.9% | $383.6M-27.9% | $532.2M+10.4% | $482.2M+23.6% | $390.2M-2.9% | $401.8M |
| Cost of Revenue | $395.6M+1.0% | $391.6M-7.2% | $422.1M+23.3% | $342.4M-24.2% | $451.7M+11.6% | $404.8M+22.0% | $331.9M-1.1% | $335.7M |
| Gross Profit | $70.9M+2.3% | $69.3M+0.9% | $68.6M+66.7% | $41.2M-48.8% | $80.4M+4.0% | $77.4M+32.7% | $58.3M-11.7% | $66.1M |
| R&D Expenses | $4.5M+4.8% | $4.3M-4.5% | $4.5M+2.1% | $4.4M+5.5% | $4.2M+15.4% | $3.7M+16.4% | $3.1M-0.9% | $3.2M |
| SG&A Expenses | $53.1M+1.5% | $52.4M+5.0% | $49.9M-2.7% | $51.3M-0.6% | $51.6M+30.9% | $39.4M+23.1% | $32.0M-4.7% | $33.6M |
| Operating Income | $9.7M-4.1% | $10.2M-13.9% | $11.8M+169.3% | -$17.0M-176.2% | $22.3M-11.0% | $25.1M+21.0% | $20.7M-23.2% | $27.0M |
| Interest Expense | $9.7M+0.6% | $9.7M+1.4% | $9.5M-35.3% | $14.7M+105.2% | $7.2M+30.9% | $5.5M+886.8% | -$698K-109.7% | $7.2M |
| Income Tax | $1.1M-77.3% | $4.7M+10.9% | $4.2M+116.1% | -$26.2M-269.8% | $15.5M+58.7% | $9.7M+519.5% | -$2.3M-149.2% | $4.7M |
| Net Income | -$2.3M+50.2% | -$4.5M-600.3% | -$649K-148.5% | $1.3M-37.7% | $2.1M-76.6% | $9.2M+458.7% | -$2.6M-113.3% | $19.3M |
| EPS (Diluted) | $-0.04+42.9% | $-0.07-600.0% | $-0.01 | $0.00-100.0% | $0.03-78.6% | $0.14+450.0% | $-0.04-112.9% | $0.31 |
TWI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.8B-0.1% | $1.8B+1.8% | $1.7B+8.6% | $1.6B-8.6% | $1.7B-4.4% | $1.8B+40.7% | $1.3B+2.5% | $1.3B |
| Current Assets | $1.0B-0.2% | $1.0B+0.9% | $1.0B+12.5% | $912.0M-16.5% | $1.1B-5.4% | $1.2B+31.7% | $876.8M-0.5% | $881.3M |
| Cash & Equivalents | $205.4M+11.2% | $184.7M+5.9% | $174.4M-11.0% | $196.0M-12.6% | $224.1M | N/A | $220.3M | N/A |
| Inventory | $465.9M-2.5% | $477.7M+4.8% | $455.9M+4.3% | $437.2M-5.9% | $464.6M-8.0% | $504.9M+38.3% | $365.2M+1.4% | $360.1M |
| Accounts Receivable | $285.9M-3.8% | $297.3M-8.0% | $323.3M+52.7% | $211.7M-33.1% | $316.6M-10.9% | $355.6M+62.2% | $219.1M-8.2% | $238.6M |
| Goodwill | $29.6M0.0% | $29.6M0.0% | $29.6M0.0% | $29.6M+129.8% | $12.9M0.0% | $12.9M | $0 | N/A |
| Total Liabilities | $1.2B+0.1% | $1.2B-0.6% | $1.2B+8.4% | $1.1B-2.6% | $1.1B-5.3% | $1.2B+43.9% | $821.8M-0.3% | $824.5M |
| Current Liabilities | $453.4M+2.8% | $441.0M-3.1% | $455.0M+17.5% | $387.4M-14.7% | $454.3M-8.2% | $495.1M+36.6% | $362.5M-3.3% | $374.8M |
| Long-Term Debt | $580.5M-1.3% | $588.1M0.0% | $588.0M+3.5% | $568.3M+2.6% | $553.8M-0.1% | $554.4M+30.1% | $426.1M+4.0% | $409.7M |
| Total Equity | $569.1M-0.2% | $570.5M+6.8% | $534.3M+7.7% | $496.1M-18.6% | $609.3M-3.3% | $630.1M+34.9% | $467.1M+7.8% | $433.2M |
| Retained Earnings | $156.6M-1.4% | $158.9M-2.8% | $163.4M-0.4% | $164.1M-9.3% | $181.0M+1.2% | $178.8M+5.4% | $169.6M-1.5% | $172.2M |
TWI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $41.5M+190.1% | $14.3M+137.1% | -$38.6M-541.7% | $8.7M-87.7% | $70.8M+3433.2% | $2.0M-94.9% | $39.2M-23.4% | $51.2M |
| Capital Expenditures | $11.6M+15.2% | $10.1M-32.8% | $15.0M+12.9% | $13.3M-24.4% | $17.6M+5.9% | $16.6M-14.0% | $19.3M+38.9% | $13.9M |
| Free Cash Flow | $29.9M+608.4% | $4.2M+107.9% | -$53.6M-1073.3% | -$4.6M-108.6% | $53.2M+464.7% | -$14.6M-173.3% | $19.9M-46.6% | $37.3M |
| Investing Cash Flow | -$11.6M-15.7% | -$10.0M+32.4% | -$14.8M-18.0% | -$12.6M-0.5% | -$12.5M+92.1% | -$158.8M-821.0% | -$17.2M-38.9% | -$12.4M |
| Financing Cash Flow | -$7.4M-334.5% | -$1.7M-109.2% | $18.6M+318.9% | -$8.5M+73.3% | -$31.8M-121.8% | $145.7M+1009.4% | -$16.0M-12.9% | -$14.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | $0-100.0% | $8.3M+31.2% | $6.4M+353.6% | $1.4M-89.6% | $13.5M+6.6% | $12.7M |
TWI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.2%+0.2pp | 15.0%+1.0pp | 14.0%+3.3pp | 10.7%-4.4pp | 15.1%-0.9pp | 16.0%+1.1pp | 14.9%-1.5pp | 16.4% |
| Operating Margin | 2.1%-0.1pp | 2.2%-0.2pp | 2.4%+6.8pp | -4.4%-8.6pp | 4.2%-1.0pp | 5.2%-0.1pp | 5.3%-1.4pp | 6.7% |
| Net Margin | -0.5%+0.5pp | -1.0%-0.9pp | -0.1%-0.5pp | 0.4%-0.1pp | 0.4%-1.5pp | 1.9%+2.6pp | -0.7%-5.5pp | 4.8% |
| Return on Equity | N/A | N/A | N/A | 0.3%-0.1pp | 0.4%-1.1pp | 1.5% | N/A | 4.5% |
| Return on Assets | -0.1%+0.1pp | -0.3%-0.2pp | -0.0%-0.1pp | 0.1%-0.0pp | 0.1%-0.4pp | 0.5%+0.7pp | -0.2%-1.7pp | 1.5% |
| Current Ratio | 2.28-0.1 | 2.35+0.1 | 2.26-0.1 | 2.35-0.1 | 2.40+0.1 | 2.33-0.1 | 2.42+0.1 | 2.35 |
| Debt-to-Equity | 1.02-0.0 | 1.03-0.1 | 1.10-0.0 | 1.15+0.2 | 0.91+0.0 | 0.88-0.0 | 0.91-0.0 | 0.95 |
| FCF Margin | 6.4%+5.5pp | 0.9%+11.8pp | -10.9%-9.7pp | -1.2%-11.2pp | 10.0%+13.0pp | -3.0%-8.1pp | 5.1%-4.2pp | 9.3% |
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Frequently Asked Questions
What is Titan Intl's annual revenue?
Titan Intl (TWI) reported $1.8B in total revenue for fiscal year 2024. This represents a 1.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Titan Intl's revenue growing?
Titan Intl (TWI) revenue grew by 1.3% year-over-year, from $1.8B to $1.8B in fiscal year 2024.
Is Titan Intl profitable?
No, Titan Intl (TWI) reported a net income of -$5.6M in fiscal year 2024, with a net profit margin of -0.3%.
What is Titan Intl's earnings per share (EPS)?
Titan Intl (TWI) reported diluted earnings per share of $-0.08 for fiscal year 2024. This represents a -106.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Titan Intl's EBITDA?
Titan Intl (TWI) had EBITDA of $93.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Titan Intl have?
As of fiscal year 2024, Titan Intl (TWI) had $196.0M in cash and equivalents against $568.3M in long-term debt.
What is Titan Intl's gross margin?
Titan Intl (TWI) had a gross margin of 14.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Titan Intl's operating margin?
Titan Intl (TWI) had an operating margin of 1.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Titan Intl's net profit margin?
Titan Intl (TWI) had a net profit margin of -0.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Titan Intl's free cash flow?
Titan Intl (TWI) generated $75.9M in free cash flow during fiscal year 2024. This represents a -36.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Titan Intl's operating cash flow?
Titan Intl (TWI) generated $141.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Titan Intl's total assets?
Titan Intl (TWI) had $1.6B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Titan Intl's capital expenditures?
Titan Intl (TWI) invested $65.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Titan Intl spend on research and development?
Titan Intl (TWI) invested $16.5M in research and development during fiscal year 2024.
How many shares does Titan Intl have outstanding?
Titan Intl (TWI) had 63M shares outstanding as of fiscal year 2024.
What is Titan Intl's current ratio?
Titan Intl (TWI) had a current ratio of 2.35 as of fiscal year 2024, which is generally considered healthy.
What is Titan Intl's debt-to-equity ratio?
Titan Intl (TWI) had a debt-to-equity ratio of 1.15 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Titan Intl's return on assets (ROA)?
Titan Intl (TWI) had a return on assets of -0.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Titan Intl's Altman Z-Score?
Titan Intl (TWI) has an Altman Z-Score of 2.16, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Titan Intl's Piotroski F-Score?
Titan Intl (TWI) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Titan Intl's earnings high quality?
Titan Intl (TWI) has an earnings quality ratio of -25.45x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Titan Intl cover its interest payments?
Titan Intl (TWI) has an interest coverage ratio of 0.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Titan Intl?
Titan Intl (TWI) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.