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Titan International Inc (TWI) stock

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NYSE: TWI NYSE Agricultural & Farm Machinery Next results ~January 29, 2027

Titan International Inc is a US-listed company in the agricultural & farm machinery industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Titan International Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds82 adding, 87 cuttingOf 33 active managers that changed their stake, 21 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Titan International files

10-Q filed October 29: Titan International

Revenue for the twelve months to September 2026 was $2.07bn, up 22.1% on a year earlier, faster than the 17.1% growth a quarter earlier. Free-cash-flow margin held at -1.3%. The diluted share count is down 2.5% on a year earlier, which lifts each remaining share.

Our model value for Titan International is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 30: Titan International

Titan International's revenue for the twelve months to June 2026 reached $2.07bn, a 22.1% increase on the prior year. That pace accelerated from the 17.1% growth recorded a quarter earlier, pointing to momentum building rather than fading. Profitability on a cash basis, however, has not kept up: free-cash-flow margin held steady at -1.3%, showing no improvement despite the stronger top line. On the capital structure side, the diluted share count fell 2.5% year-on-year. Fewer shares outstanding means existing holders now have a slightly larger claim on the business, even as the cash-flow picture remains unchanged. Taken together, the figures suggest a company growing sales at a healthy clip while still working through persistent cash-flow pressure, with buybacks or reduced dilution offering some offset for shareholders.

10-Q on SEC EDGAR

Where Titan International stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.87bn, up 4.7% on a year earlier, against a decline of 0.6% a quarter earlier. Free-cash-flow margin held at -0.5%. The diluted share count is down 2.5% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 3 of our 7 financial-health checks.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 29, 2027 (estimated)

Titan International Inc's trailing-twelve-month revenue grew 22.1% year on year, with a free-cash-flow margin of -1.3%.

Our discounted-cash-flow model values the business at ~$8.6 per share in the base case (~$4.9–$14 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 52.6% while net income fell 1816.5%: a 1764pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 22.1% over the last 12 months.
  • Growth speeding up. The growth rate is 5.0 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 2.5% in a year, so each share owns more of the business.

Things to watch

  • Burning cash. Free cash flow was -1.3% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 54% and a beta of 1.7 against the S&P 500.
  • Insiders selling. 2 insiders sold $54M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 22.1% over 90 days.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
-$0.03 against an average estimate of -$0.05: beat by 36.8%
Revenue
$335m, down 6.2% on a year earlier
Share reaction
-29.8% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026; average EPS estimate -$0.18

Titan International's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.1%
  • 1 week-24.5%
  • 1 month-28.1%
  • This year-36.5%
  • 1 year-35.2%
  • 5 years-39.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.1B
Operating margin
0.3%
Net margin
-5.7%
EPS (TTM, diluted)
$-1.83

Growth

Revenue growth
+22.1%
Change in growth rate
+5.0 pts
Share count change
−2.5%

Cash

Free cash flow (TTM)
-$27M
FCF margin
-1.3%
Stock pay % of revenue
0.2%

Earnings

Last results
October 29, 2026
Next results (est.)
January 29, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Results
  4. Leadership
  5. Announcement
  6. Results
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Titan International Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Titan International Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.09 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$5.2 ~$4.7–$6.0 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$11 ~$8.3–$15 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$12 ~$10–$14 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Titan International Inc with Agricultural & Farm Machinery in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$3.88$11.07$12.74$4.62$3.61$4.86$10.96$15.32$14.88$6.79$7.83
Market value$208m$597m$756m$277m$217m$296m$687m$976m$937m$466m$499m
+ Net debt (− = net cash)$390m$456m$313m$385m$437m$350m$392m$0$210m$372m$385m
Enterprise value$598m$1.1bn$1.1bn$662m$654m$646m$1.1bn$976m$1.1bn$839m$884m
Multiples
Price / sales 0.1x0.5x0.5x0.2x0.1x0.2x0.4x0.4x0.5x0.3x0.3x
Price / earnings ———17.2x——13.9x5.5x11.9x——
Price / free cash flow 13.4xn/m——24.0x8.3x—8.6x7.9x6.1x—
EV / EBITDA 14.2x28.2x22.6x6.6x25.2x33.5x8.1x3.9x6.0x8.9x10.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

27 /100

Weak moat

How hard Titan International's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median 2.3% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 13.1%, moving by 2.5 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 1.5%; its worst year was -3.0%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 4 of 10 years, at a median -0.9% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 4.1% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.12 +52% $1.9bn +2%
Next $0.29 +342% $1.9bn +4%

Next year's EPS estimate has moved −22.1% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −5.3% on 90 days ago. In the last 30 days, 3 analysts raised Titan International Inc's forecast and 0 cut it.

Consensus EPS forecast Titan International Inc, last 90 days
−$0.20 $0.00 $0.20 $0.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.13 Current fiscal year, 60 days ago: −$0.12 Current fiscal year, 30 days ago: −$0.12 Current fiscal year, 7 days ago: −$0.12 Current fiscal year, Now: −$0.12 −$0.12 Next fiscal year, 90 days ago: $0.37 Next fiscal year, 60 days ago: $0.29 Next fiscal year, 30 days ago: $0.29 Next fiscal year, 7 days ago: $0.29 Next fiscal year, Now: $0.29 $0.29

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.13$0.37
60 days ago −$0.12$0.29
30 days ago −$0.12$0.29
7 days ago −$0.12$0.29
Now −$0.12$0.29

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 −$0.05 −$0.03 +36.8%
Jun 2026 −$0.04 $0.10 +350.0%
Mar 2026 $0.01 $0.00 −100.0%
Dec 2025 −$0.28 −$0.27 +1.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

3 analysts, Oct 2026
Buy3100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202633
  2. Sep 202633
  3. Aug 202633
  4. Jul 202633

Counts of recommendations published by analysts covering Titan International Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.8%
of tradable shares
Days to cover
3.73
at average volume
Short interest, 1 month
−11%
to October 15, 2026
Held by institutions
87%
of shares
Held by insiders
5.8%
of shares
Employees
8,200
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −34.2%

$7.55 on October 31, 2025 to $4.97

ThenNowEffect
Revenue (last 12 months) $1.8bn $2.1bn +17.1%
P/S multiple 0.3x 0.2x −45.2%
Share count 66m 64m +2.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −59.1%

$12.15 on November 3, 2023 to $4.97

ThenNowEffect
Revenue (last 12 months) $2.1bn $2.1bn +0.9%
P/S multiple 0.4x 0.2x −59.1%
Share count 64m 64m −0.9%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TWI+126%+40%−3%−54%+15%−37%
Industry peers (median)+19%+8%−8%−7%+1%+26%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TWI58%50%67%17%33%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TWI−41%−41%−45%−57%−34%−59%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 92% from February 23, 2018 to May 14, 2020. Getting back needed a 1173% gain, reached on March 16, 2022, 671 days after the low.

Price behaviour

52-week range
$4.65 – $11.40
From 52-week high
−56.4%
vs 50-day average
−28.3%
vs 200-day average
−36.3%
Volatility (1 year)
54%
Beta vs S&P 500
1.66

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
0 up, 12 down
typical move ±8.6%
After a week
2 up, 9 down
typical move ±7.7%
After a month
3 up, 8 down
typical move ±9.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −29.8% −2.1% — —
July 30, 2026 −5.6% +2.4% −5.8% −8.2%
April 30, 2026 −1.4% +1.3% +0.3% −8.6%
February 26, 2026 −7.4% −1.0% −15.4% −35.3%
November 6, 2025 −1.6% −1.0% −2.3% +6.0%
July 31, 2025 −6.5% −2.0% −5.1% −2.8%
April 30, 2025 −13.4% +0.7% −9.4% −1.2%
February 26, 2025 −8.9% −1.5% −4.7% +3.1%
October 30, 2024 −11.4% −2.3% +0.4% +0.7%
July 31, 2024 −0.5% +0.2% −10.7% −1.9%
May 1, 2024 −5.2% +0.6% −22.3% −25.0%
February 29, 2024 −10.9% +1.3% −8.1% −13.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Titan International Inc
$1.6B $1.7B $1.8B $1.9B $2B $2.1B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.8B Revenue (TTM), FY24 Q1: $1.8B Revenue (TTM), FY24 Q2: $1.8B Revenue (TTM), FY24 Q3: $1.9B Revenue (TTM), FY24 Q4: $1.8B Revenue (TTM), FY25 Q1: $1.9B Revenue (TTM), FY25 Q2: $1.8B Revenue (TTM), FY25 Q3: $1.7B Revenue (TTM), FY25 Q4: $2.1B Revenue (TTM), FY26 Q1: $2.1B Revenue (TTM), FY26 Q2: $2.1B Revenue (TTM), FY26 Q3: $2.1B $2.1B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.8B
FY24 Q1 $1.8B
FY24 Q2 $1.8B
FY24 Q3 $1.9B
FY24 Q4 $1.8B
FY25 Q1 $1.9B
FY25 Q2 $1.8B
FY25 Q3 $1.7B
FY25 Q4 $2.1B
FY26 Q1 $2.1B
FY26 Q2 $2.1B
FY26 Q3 $2.1B
Revenue growth, TTM YoY Titan International Inc
-20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -16.0% Revenue growth, TTM YoY, FY24 Q1: -18.8% Revenue growth, TTM YoY, FY24 Q2: -12.7% Revenue growth, TTM YoY, FY24 Q3: -4.6% Revenue growth, TTM YoY, FY24 Q4: 1.3% Revenue growth, TTM YoY, FY25 Q1: 5.6% Revenue growth, TTM YoY, FY25 Q2: -1.3% Revenue growth, TTM YoY, FY25 Q3: -8.6% Revenue growth, TTM YoY, FY25 Q4: 11.1% Revenue growth, TTM YoY, FY26 Q1: 11.3% Revenue growth, TTM YoY, FY26 Q2: 17.1% Revenue growth, TTM YoY, FY26 Q3: 22.1% 22.1%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -16.0%
FY24 Q1 -18.8%
FY24 Q2 -12.7%
FY24 Q3 -4.6%
FY24 Q4 1.3%
FY25 Q1 5.6%
FY25 Q2 -1.3%
FY25 Q3 -8.6%
FY25 Q4 11.1%
FY26 Q1 11.3%
FY26 Q2 17.1%
FY26 Q3 22.1%
Operating margin (TTM) Titan International Inc
0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 8.2% Operating margin (TTM), FY24 Q1: 6.8% Operating margin (TTM), FY24 Q2: 5.3% Operating margin (TTM), FY24 Q3: 3.8% Operating margin (TTM), FY24 Q4: 1.8% Operating margin (TTM), FY25 Q1: 1.1% Operating margin (TTM), FY25 Q2: 0.4% Operating margin (TTM), FY25 Q3: 0.5% Operating margin (TTM), FY25 Q4: 1.6% Operating margin (TTM), FY26 Q1: 0.4% Operating margin (TTM), FY26 Q2: 0.5% Operating margin (TTM), FY26 Q3: 0.3% 0.3%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 8.2%
FY24 Q1 6.8%
FY24 Q2 5.3%
FY24 Q3 3.8%
FY24 Q4 1.8%
FY25 Q1 1.1%
FY25 Q2 0.4%
FY25 Q3 0.5%
FY25 Q4 1.6%
FY26 Q1 0.4%
FY26 Q2 0.5%
FY26 Q3 0.3%
FCF margin (TTM) Titan International Inc
-2% 0% 2% 4% 6% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 6.5% FCF margin (TTM), FY24 Q1: 5.2% FCF margin (TTM), FY24 Q2: 5.3% FCF margin (TTM), FY24 Q3: 5.4% FCF margin (TTM), FY24 Q4: 4.1% FCF margin (TTM), FY25 Q1: 2.0% FCF margin (TTM), FY25 Q2: -0.7% FCF margin (TTM), FY25 Q3: -1.0% FCF margin (TTM), FY25 Q4: -1.2% FCF margin (TTM), FY26 Q1: -1.5% FCF margin (TTM), FY26 Q2: -0.4% FCF margin (TTM), FY26 Q3: -1.3% -1.3%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 6.5%
FY24 Q1 5.2%
FY24 Q2 5.3%
FY24 Q3 5.4%
FY24 Q4 4.1%
FY25 Q1 2.0%
FY25 Q2 -0.7%
FY25 Q3 -1.0%
FY25 Q4 -1.2%
FY26 Q1 -1.5%
FY26 Q2 -0.4%
FY26 Q3 -1.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 882 882 1,487 1,821 2,164 1,896 1,395 1,265 1,469 1,602 1,449 1,259 1,780 2,169 1,822 1,846 1,828 2,067
Gross profit 56 104 232 294 295 141 135 141 160 198 129 114 238 361 306 258 253 285
EBITDA 15 69 177 229 183 −9 42 37 47 100 26 19 133 249 191 94 88 79
Operating income −19 31 132 175 102 −98 −27 −22 −11 42 −28 −35 85 206 149 33 21 6
Net income −25 −6 58 107 35 −80 −75 −38 −60 16 −48 −60 50 176 79 −6 −63 −117
Diluted EPS −$0.71 −$0.17 $1.18 $2.05 $0.64 −$2.43 −$1.73 −$0.87 −$1.12 $0.06 −$0.84 −$0.99 $0.79 $2.77 $1.25 −$0.08 −$1.00 —
Growth (year on year)
Revenue — 0.0% +68.7% +22.4% +18.8% −12.4% −26.4% −9.3% +16.1% +9.1% −9.6% −13.1% +41.4% +21.9% −16.0% +1.3% −0.9% +22.1%
EBITDA — — +158.5% +29.2% −20.0% −104.9% — −11.6% +26.6% +111.2% −74.0% — — +86.6% −23.1% −50.9% −6.4% +10.0%
Operating income — — +327.1% +32.2% −41.4% −195.3% — — — — −167.3% — — +141.6% −27.7% −77.7% — —
Net income — — — +84.4% −67.2% — — — — — — — — +255.5% −55.3% −107.1% — —
Diluted EPS — — — +73.7% −68.8% — — — — — — — — +250.6% −54.9% −106.4% — —
Margins
Gross margin 6.3% 11.8% 15.6% 16.2% 13.6% 7.4% 9.7% 11.2% 10.9% 12.4% 8.9% 9.1% 13.3% 16.6% 16.8% 14.0% 13.9% 13.8%
EBITDA margin 1.7% 7.8% 11.9% 12.6% 8.5% −0.5% 3.0% 3.0% 3.2% 6.2% 1.8% 1.5% 7.5% 11.5% 10.5% 5.1% 4.8% 3.8%
Operating margin −2.1% 3.5% 8.9% 9.6% 4.7% −5.2% −2.0% −1.8% −0.8% 2.6% −2.0% −2.8% 4.8% 9.5% 8.2% 1.8% 1.1% 0.3%
Net margin −2.8% −0.7% 3.9% 5.9% 1.6% −4.2% −5.4% −3.0% −4.1% 1.0% −3.3% −4.8% 2.8% 8.1% 4.3% −0.3% −3.5% −5.7%
Free-cash-flow margin 3.7% 2.5% −2.1% 3.5% 1.7% 3.1% 1.1% 0.1% −2.3% −4.7% 0.6% 2.8% −1.6% 5.2% 6.5% 4.1% −1.3% −1.3%
Cash flow
Cash from operations 72 51 4 130 117 118 64 44 −1 −36 45 57 11 161 179 141 30 23
Capital spending 40 29 36 66 80 58 48 42 33 39 36 22 39 47 61 66 55 50
Free cash flow 33 22 −31 64 37 59 16 2 −34 −75 9 36 −28 114 119 76 −25 −27
Stock-based pay 0 0 2 4 5 5 2 2 2 1 1 2 3 4 5 5 3 4
Free cash flow after stock pay 33 22 −34 60 32 54 13 −0 −35 −76 8 33 −32 109 113 70 −28 −31
Balance sheet
Cash 229 129 129 189 189 201 148 148 144 82 67 117 98 — 220 196 203 173
Total debt 0 374 341 733 648 549 538 604 457 466 504 468 490 450 430 568 588 567
Net debt (negative = net cash) −229 244 212 544 458 348 390 456 313 385 437 350 392 — 210 372 385 395
Diluted shares 35m 35m 53m 55m 60m 53m 54m 54m 59m 60m 60m 61m 63m 64m 63m 69m 64m —
Returned to shareholders
Dividends 1 1 1 1 1 1 1 1 1 1 1 1 0 0 — — — —
Buybacks — — — — — — — — — — — 0 0 25 33 — — —
Total returned 1 1 1 1 1 1 1 1 1 1 1 1 0 25 33 — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 7 checks passed · September 30, 2026
What it owns · $1.6bn
Short-term assets $1.1bnLonger-term assets $546m
What it owes, and who funded it · $1.6bn
Short-term liabilities $509mLonger-term liabilities $672mShareholders' equity $456m
  • Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $509m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.1bn short-term assets against $672m of longer-dated liabilities.
  • More cash than debt $173m of cash against $567m of debt.
  • Debt below 40% of shareholders' equity Debt is 124% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 195% to 124% over five years.
  • A year's operating cash flow covers at least 20% of debt $23m of operating cash flow against $567m of debt.
  • Operating profit covers interest at least five times over Operating income of $6m against $39m of interest.

From Titan International Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
−2.5%
year over year
R&D spending
1.1%
of revenue
Sales & admin spending
10.5%
of revenue
Days sales outstanding
33 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in agricultural & farm machinery
Last 12 months unless stated TWI ALG TTC LNN AGCO CNH Median
Revenue, last 12 months $2.1bn $1.7bn $4.8bn $636m $10.1bn $18.2bn $3.4bn
Revenue growth, last 12 months 22.1% 4.1% 5.2% −6.0% 0.9% 0.6% 4.3%
Revenue growth, 3-year average 2.1% 1.1% 0.1% −1.9% −11.3% −9.7% −3.8%
Revenue growth, latest quarter −6.2% 7.6% 8.4% 5.2% −8.6% 2.0% 3.4%
Gross margin 13.8% 24.2% 33.4% 28.9% 25.0% 30.6% 25.5%
Operating margin 0.3% 8.9% 10.3% 10.5% 5.6% 6.0% 7.5%
Operating margin, 3-year average 1.5% 10.1% 10.4% 12.1% 3.6% — 10.1%
Net margin −5.7% 6.1% 7.6% 8.8% 2.8% 1.7% 4.4%
Cash from operations / revenue 1.1% 9.8% 16.6% 11.8% 5.4% 9.8% 9.8%
Free-cash-flow margin −1.3% 8.1% 15.0% 5.5% 2.9% 2.5% 4.2%
Free-cash-flow margin, 3-year average 1.0% 8.5% 11.4% 9.9% 4.4% — 8.5%
Stock pay / revenue 0.2% 0.5% 0.5% 0.9% 0.4% 0.1% 0.4%
Change in share count −2.5% 0.4% −3.7% −4.4% −3.8% −0.6% −1.5%

Median of all 8 companies we cover in agricultural & farm machinery. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
North America $976M 53.4% ▼ 1.8%
Europe $447M 24.4% ▼ 3.3%
Latin America $324M 17.7% ▲ 10.6%
Other Countries $81.8M 4.5% ▼ 15.4%

From Titan International Inc's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$436M
Institutions reporting
169
Shares held vs prior quarter
▼ 3.8%
Positions opened / closed
27 / 37

Top buyers and sellers, Q2 2026: 82 institutions bought and 87 sold ; the biggest buyer was UBS Group AG (+1.1M shares) and the biggest seller Blackrock, Inc (−2.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Aip, LLC $68.5M 8.9M 15.7% 0.0%
Donald Smith & Co., Inc. $40.9M 5.3M 9.4% ▲ 7.5%
Blackrock, Inc. $35.9M 4.7M 8.2% ▼ 34.9%
Dimensional Fund Advisors LP $25.4M 3.3M 5.8% ▼ 3.7%
Vanguard Capital Management LLC $20M 2.6M 4.6% ▲ 24.1%
Renaissance Technologies LLC $16.7M 2.2M 3.8% ▼ 12.5%
Fishman Jay A Ltd $16.1M 2.1M 3.7% ▼ 1.4%
Victory Capital Management Inc $12.4M 1.6M 2.8% ▼ 4.4%
First Eagle Investment Management, LLC $12M 1.6M 2.8% ▲ 132.8%
UBS Group AG $11.3M 1.5M 2.6% ▲ 332.1%
Royce & Associates LP $11M 1.4M 2.5% ▲ 10.8%
Geode Capital Management, LLC $10.1M 1.3M 2.3% ▲ 9.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Titan International Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $54.4M 2 trades by 2 insiders · 0% under pre-set plans
Net ▼ $54.4M net selling
Insider Date Trade Shares Price Value
Aipcf V (Cayman), Ltd. 10% owner March 4, 2026 Sell 3,041,288 $8.95 $27.2M
Aipct Intermediate Holdings I Llc 10% owner March 4, 2026 Sell 3,041,288 $8.95 $27.2M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 29, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • April 30, 2026
  • February 26, 2026
  • November 6, 2025
  • July 31, 2025

Recent SEC filings

Data status

When each part of this page on Titan International Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Titan International Inc in brief

What does Titan International Inc do?
Titan International Inc is a US-listed company in the agricultural & farm machinery industry. Its financial year ends in December.
What is Titan International Inc's stock ticker?
Titan International Inc trades under the ticker TWI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Titan International Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Titan International Inc reported revenue of $2.1B, 22.1% higher than a year earlier, according to its SEC filings.
What is Titan International Inc's free cash flow?
Titan International Inc's free-cash-flow margin is -1.3% of revenue over the trailing twelve months.
Who are Titan International Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Aip, LLC, Donald Smith & Co., Inc. and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Titan International Inc's market cap?
On December 31, 2025, Titan International Inc's market capitalisation was about $499M and net debt of $385M. Market figures come from third-party market data and may be delayed.
How much debt does Titan International Inc have?
Titan International Inc's debt-to-equity ratio is 124.4%, from its latest balance sheet (195.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Titan International Inc's competitors?
In our Agricultural & Farm Machinery peer group, the companies closest to Titan International Inc are Alamo Group Inc, Toro Co, Lindsay Corp, AGCO Corp and CNH Industrial N.V. The side-by-side comparison below sets their revenue, margins and growth against Titan International Inc's.
Are insiders buying or selling Titan International Inc stock?
Over the last 12 months, Titan International Inc's directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Titan International Inc's next earnings date?
Around January 29, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Titan International Inc announces its own schedule.