Titan International Inc. (DE) (TWI) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1525 KAUTZ ROAD WEST CHICAGO, IL 60185 |
| State of Incorp. | IL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 196 | 98 | 117 | 67 | |||||
| Cash and cash equivalent | 196 | 98 | 117 | 67 | |||||
| Receivables | 220 | 234 | 305 | 278 | 203 | 197 | |||
| Inventory, net of allowances, customer advances and progress billings | 437 | 365 | 397 | 393 | 294 | 333 | |||
| Inventory | 437 | 365 | 397 | 393 | 294 | 333 | |||
| Prepaid expense | 26 | 24 | 23 | 22 | 24 | 26 | |||
| Deposits current assets | 3 | 1 | 1 | 1 | 1 | 2 | |||
| Other current assets | 6 | 7 | 1 | 3 | 2 | 3 | |||
| Other undisclosed current assets | 24 | 244 | 182 | 17 | 18 | 16 | |||
| Total current assets: | 912 | 877 | 910 | 813 | 659 | 644 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 2 | 2 | 3 | 4 | 4 | ||||
| Operating lease, right-of-use asset | 117 | 12 | 9 | 21 | 24 | 24 | |||
| Property, plant and equipment | 421 | 322 | 297 | 301 | 320 | 375 | |||
| Long-term investments and receivables | 8 | 7 | 2 | ||||||
| Long-term investments | 8 | 7 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 2 | ||||||||
| Intangible assets, net (including goodwill) | 42 | 1 | 2 | 1 | 2 | 10 | |||
| Goodwill | 30 | ||||||||
| Intangible assets, net (excluding goodwill) | 12 | 1 | 2 | 1 | 2 | 10 | |||
| Prepaid expense | 3 | 6 | 5 | 7 | 11 | 11 | |||
| Deferred costs | 1 | 1 | 3 | ||||||
| Deferred income tax assets | 42 | 38 | 39 | ||||||
| Other noncurrent assets | 30 | 26 | 69 | ||||||
| Other undisclosed noncurrent assets | 38 | 25 | 24 | (296) | (334) | (402) | |||
| Total noncurrent assets: | 673 | 412 | 375 | 68 | 53 | 95 | |||
| Other undisclosed assets | 301 | 320 | 375 | ||||||
| TOTAL ASSETS: | 1,585 | 1,289 | 1,285 | 1,183 | 1,032 | 1,114 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 220 | 201 | 263 | 278 | 167 | 159 | |||
| Accounts payable | 220 | 201 | 263 | 278 | 167 | 159 | |||
| Debt | 12 | 17 | 31 | 33 | 31 | 61 | |||
| Deferred compensation liability | 8 | ||||||||
| Other liabilities | 143 | 154 | 152 | 140 | 131 | 107 | |||
| Other undisclosed current liabilities | 4 | ||||||||
| Total current liabilities: | 387 | 372 | 446 | 451 | 330 | 327 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 553 | 409 | 415 | 452 | 434 | 443 | |||
| Long-term debt, excluding current maturities | 146 | 30 | 36 | ||||||
| Finance lease, liability | 1 | 1 | 4 | 2 | 4 | ||||
| Other undisclosed long-term debt and lease obligation | 405 | 408 | 415 | 407 | 414 | 386 | |||
| Liabilities, other than long-term debt, including: | 151 | 40 | 41 | 52 | 67 | 80 | |||
| Deferred income tax liabilities | 6 | 2 | 3 | ||||||
| Other liabilities | 39 | 38 | 37 | 48 | 63 | 73 | |||
| Operating lease, liability | 106 | 11 | 17 | 17 | |||||
| Other undisclosed liabilities, other than long-term debt | 4 | 4 | 7 | ||||||
| Total noncurrent liabilities: | 704 | 449 | 455 | 505 | 501 | 523 | |||
| Total liabilities: | 1,091 | 822 | 901 | 956 | 831 | 850 | |||
| Temporary equity, including noncontrolling interest | 25 | 25 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 496 | 467 | 381 | 229 | 179 | 235 | |||
| Treasury stock, value | (122) | (53) | (23) | (1) | (1) | (4) | |||
| Additional paid in capital | 740 | 569 | 566 | 562 | 533 | 532 | |||
| Accumulated other comprehensive loss | (286) | (219) | (252) | (246) | (217) | (219) | |||
| Retained earnings (accumulated deficit) | 164 | 170 | 91 | (85) | (135) | (74) | |||
| Equity, attributable to noncontrolling interest | (2) | 0 | 2 | (2) | (3) | 4 | |||
| Total equity: | 494 | 467 | 383 | 227 | 176 | 239 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,585 | 1,289 | 1,285 | 1,183 | 1,032 | 1,114 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,846 | 1,822 | 2,169 | 1,780 | 1,259 | 1,449 | ||
| Cost of revenue (Cost of Product and Service Sold) | (1,588) | (1,516) | (1,809) | (1,543) | (1,130) | (1,320) | ||
| Other undisclosed gross profit | (15) | |||||||
| Gross profit: | 258 | 306 | 361 | 238 | 114 | 129 | ||
| Operating expenses | (225) | (157) | (155) | (152) | (150) | (157) | ||
| Operating income (loss): | 33 | 149 | 206 | 85 | (35) | (28) | ||
| Nonoperating income | 12 | 3 | 25 | 2 | 19 | 10 | ||
| Investment income, nonoperating | 11 | 2 | 2 | |||||
| Gain (loss), foreign currency transaction, before tax | (6) | (23) | 1 | 12 | (11) | 4 | ||
| Other nonoperating income (expense) | 7 | 0 | 2 | (1) | 3 | (0) | ||
| Unusual or infrequent item, or both, net (gain) loss | 9 | |||||||
| Interest and debt expense | (36) | (19) | (30) | (48) | (22) | (33) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (23) | 1 | 12 | (20) | 4 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 8 | 110 | 202 | 51 | (58) | (48) | ||
| Income from equity method investments | 1 | 1 | 2 | |||||
| Income (loss) from continuing operations before income taxes: | 8 | 110 | 202 | 52 | (57) | (46) | ||
| Income tax expense (benefit) | (12) | (26) | (23) | (1) | (7) | (3) | ||
| Income (loss) from continuing operations: | (4) | 84 | 179 | 51 | (64) | (49) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 51 | (64) | (49) | |
| Other undisclosed net loss | (1) | (9) | (2) | |||||
| Net income (loss): | (4) | 84 | 179 | 50 | (65) | (52) | ||
| Net income (loss) attributable to noncontrolling interest | (2) | (5) | (3) | (0) | 5 | 3 | ||
| Net income (loss) attributable to parent: | (6) | 79 | 176 | 50 | (60) | (48) | ||
| Other undisclosed net loss available to common stockholders, basic | (2) | |||||||
| Net income (loss) available to common stockholders, diluted: | (6) | 79 | 176 | 50 | (60) | (50) | ||
Comprehensive Income ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (4) | 84 | 179 | 50 | (65) | (52) | ||
| Other comprehensive loss | (2) | (3) | (0) | (0) | (0) | |||
| Other undisclosed comprehensive income (loss) | (67) | 31 | (4) | (30) | (1) | (2) | ||
| Comprehensive income (loss): | (73) | 112 | 175 | 20 | (66) | (54) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1 | (1) | (4) | 0 | 7 | 2 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (72) | 111 | 171 | 20 | (59) | (52) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.