10-K · February 10, 2026
Goodyear completed its Goodyear Forward transformation in 2025, generating approximately $2.2 billion of proceeds from divestitures and announcing run-rate savings of about $1.5 billion, but still reported 2025 net…
Earnings analysis · 10-Q
GT earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Goodyear reported Q1 2026 net sales of $3.88 billion, a decline of 8.7% year-over-year, alongside a net loss of $249 million or $0.86 per share, contrasting with a net income of $115 million or $0.40 per share in Q1…
Read full summary
Goodyear reported Q1 2026 net sales of $3.88 billion, a decline of 8.7% year-over-year, alongside a net loss of $249 million or $0.86 per share, contrasting with a net income of $115 million or $0.40 per share in Q1 2025. Segment performance varied significantly; the Americas segment saw a substantial decline, while EMEA experienced slight growth. Management highlighted challenges such as inflationary pressures and weak tire demand, with no specific numeric guidance offered for upcoming results.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.86
What stood out
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Revenue Decline
Net sales decreased by $372 million, or 8.7%, to $3.88 billion from $4.25 billion year-over-year.
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Substantial Net Loss
Reported a net loss of $249 million, compared to a net income of $115 million in the same period last year.
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Segment Variability
Americas segment net sales fell to $2.06 billion, down 17.5%, while EMEA sales increased by 6.7% to $1.36 billion.
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Operating Margin Contraction
Total segment operating margin fell to 2.4% from 4.6% year-over-year.
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High Inflation Impact
Experienced approximately $50 million in inflationary cost pressures in the first quarter.
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Cash Position Decrease
Cash and equivalents down to $723 million from $801 million at December 31, 2025.
What to watch
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Weak Industry Demand
11.6% decrease in tire unit shipments year-over-year due to weak replacement market.
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Increased Costs
Anticipated inflation-related cost increases of approximately $420 million in 2026.
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High Debt Levels
Outstanding notes amounting to $4.38 billion, managing significant fixed interest costs.
Management's outlook
No specific numeric guidance provided; management indicates macroeconomic uncertainties limit visibility.
Earlier filings 4
10-Q · November 4, 2025
Goodyear reported Q3 2025 net sales of $4,645 million (down $179 million vs. 2024Q3) and recorded a large non‑cash goodwill impairment of $674 million, driving a Goodyear net loss of $2,195 million and diluted EPS of…
10-Q · May 8, 2025
Goodyear reported Q1 2025 net sales of $4,253 million and Goodyear net income of $115 million (diluted EPS $0.40), versus a net loss of $57 million in Q1 2024. Revenue declined $284 million (-6.3% y/y) with gross margin…
10-Q · August 3, 2023
Goodyear reported Q2 2023 net sales of $4,867 million, down from $5,212 million a year ago, producing a GAAP net loss of $208 million (diluted EPS $(0.73)). Gross margin compressed to ~15.3% from ~20.0% a year ago and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.