TWINYSESteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)Fiscal year ends December 31
TITAN INTERNATIONAL INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$6.57−0.07 (-1.05%)
Close on Oct 19, 2026
- Market cap
- $423.79M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
13.9%+4.8 pts over 5 years
Operating margin
1.1%+3.9 pts over 5 years
Net margin
-3.5%+1.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -0.9% | -5.5% | +7.7% | +2.7% | |
| Gross profit | -1.7% | -11.1% | +17.3% | +6.5% | |
| Operating income | -37.4% | -53.4% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -11.7% | -29.2% | -12.6% | |
| Return on assets | -3.0% | -5.6% | -3.9% | |
| Current ratio | 1.99 | 2.00 | 2.30 | |
| Debt to equity | 2.03 | 2.59 | 1.14 | |
| Net debt to EBITDA | 12.20× | 17.99× | 4.36× | |
| Interest coverage | -0.7× | -1.2× | 0.5× | |
| Inventory turnover | 4.1× | 3.7× | 3.5× | |
| Capex to revenue | 3.3% | 1.7% | 3.0% | |
| Diluted shares | 54M | 61M | 64M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Titan International generated $522.27M from operations and spent $324.40M on capital expenditure, dividends and share buybacks. 82% of that went back into the business.
Generated
$522.27M
Used
$324.40M
Capital expenditure$266.82M82%Dividends$00%Share buybacks$57.58M18%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-3.5%
×Asset turnover1.12×
×Equity multiplier3.22×
=Return on equity, FY2025-12.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -3.5% | 1.12× | 3.22× | -12.6% |
| FY2024 | -0.3% | 1.28× | 2.98× | -1.2% |
| FY2023 | 4.3% | 1.42× | 3.03× | 18.6% |
| FY2022 | 8.1% | 1.76× | 4.04× | 57.8% |
| FY2021 | 2.8% | 1.61× | 5.42× | 24.3% |
| FY2020 | -4.8% | 1.17× | 5.18× | -29.2% |
| FY2019 | -3.3% | 1.22× | 4.60× | -18.8% |
| FY2018 | 1.0% | 1.26× | 4.24× | 5.4% |
| FY2017 | -4.1% | 1.15× | 4.14× | -19.4% |
| FY2016 | -3.0% | 0.99× | 3.97× | -11.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$63.49M
- Cash generatingOperating cash flow above zero$30.03M
- Return on assets improvedROA up on the prior year-0.4% → -4.0%
- Earnings backed by cashOperating cash flow above net income$30.03M vs -$63.49M
- Less leverageLong-term debt to assets fell34.9% → 33.8%
- Better liquidityCurrent ratio rose2.35 → 2.30
- No dilutionShare count did not rise69M → 64M
- Gross margin improvedGross margin up on the prior year13.97% → 13.86%
- More efficientAsset turnover rose1.43 → 1.15