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Titan International Inc income statement

In fiscal 2025, Titan International Inc reported revenue of $1.83bn, down 0.9% on the year before, operating income of $20.8m (a 1.1% margin) and net income of −$63.5m, or −$1.00 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue8828821,4871,8212,1641,8961,3951,2651,4691,6021,4491,2591,7802,1691,8221,8461,8282,067
Cost of revenue—————1,755—1,1241,2991,4041,3201,1301,5431,8091,5161,5881,5751,782
Gross profit56104232294295141135141160198129114238361306258253285
Research and development9647111411101011109101013171824
Selling, general and administrative475886126167174140145151135138131132133135192203218
Operating income−1931132175102−98−27−22−1142−28−358520614933216
Interest expense162725284737343330283231323019363939
Income before tax−32−99619255−152−55−36−5320−48−58512021108−11−19
Income tax−7−3388725−223531173712326125051
Net income−25−65810735−80−75−38−6016−48−605017679−6−63−117
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—
Diluted shares (average)35m35m53m55m60m53m54m54m59m60m60m61m63m64m63m69m64m—
EBITDA1569177229183−94237471002619133249191948879

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.