Titan International Inc cash flow statement

In fiscal 2025, Titan International Inc's operations generated $30.0m of cash; it spent $54.6m on capital projects, leaving free cash flow of −$24.6m.

Cash flow statement

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

Titan International Inc: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	72	51	4	130	117	118	64	44	−1	−36	45	57	11	161	179	141	30	23
Depreciation and amortisation	34	38	45	54	81	89	70	60	58	58	54	55	48	43	42	61	67	73
Stock-based pay	0	0	2	4	5	5	2	2	2	1	1	2	3	4	5	5	3	4
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
Free cash flow after stock pay	33	22	−34	60	32	54	13	−0	−35	−76	8	33	−32	109	113	70	−28	−31
Dividends paid	1	1	1	1	1	1	1	1	1	1	1	1	0	0	—	—	—	—
Share buybacks	—	—	—	—	—	—	—	—	—	—	—	0	0	25	33	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Titan International Inc: cash flow statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Cash from operations	9	−39	14	42	13	−47	39	17
Depreciation and amortisation	21	16	15	12	27	17	16	13
Stock-based pay	2	−1	1	1	1	1	1	1
Capital spending	13	15	10	5	24	13	13	−1
Free cash flow	−5	−54	4	36	−11	−60	26	18
Free cash flow after stock pay	−6	−53	3	35	−13	−60	25	17

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Titan International Inc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Titan International Inc.