10-K · February 26, 2026
Titan’s 2025 10-K shows a broadly stable top line with Q4 revenue of $410.439 million (3.77% beat vs. consensus $395.540 million) and full-year revenue of $1,828.0 million (sum of reported quarters). Profitability and…
Earnings analysis · 10-Q
TWI earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
Titan International reported Q1 2026 revenue of $505.1 million, up 2.9% year-over-year from $490.7 million. The company incurred a net loss of $24.3 million, translating to a loss per share of $0.38 compared to a net…
Read full summary
Titan International reported Q1 2026 revenue of $505.1 million, up 2.9% year-over-year from $490.7 million. The company incurred a net loss of $24.3 million, translating to a loss per share of $0.38 compared to a net income of $0 million in Q1 2025. The quarterly results were impacted by significant restructuring charges of $25.1 million, overshadowing marginal gains in revenue and gross profit.
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.
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
- $-0.38
- Gross margin
- 14.1%
- Segment
- Agricultural: $198.3M, Earthmoving/Construction: $159.5M, Consumer: $147.2M
What stood out
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Revenue Growth Despite Challenges
Total revenue reached $505.1 million, increasing by 2.9% from $490.7 million in Q1 2025.
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Improved Gross Margin
Gross profit rose to $71.4 million, resulting in a gross margin of 14.1%, slightly up from 14.0% in the prior year.
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Restructuring Expenses Impact Operating Loss
Operating loss of $13.8 million included restructuring and impairment costs of $25.1 million.
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Positive Free Cash Flow
Despite a net loss, free cash flow improved to $30 million, reflective of ongoing cash management.
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Improved FX Impact
Currency translation contributed approximately 3.7% to sales growth due to stronger foreign currency dynamics.
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Increase in R&D Investment
Research and development expenses grew 16.3% year-over-year to $5.3 million, reflecting ongoing innovation efforts.
What to watch
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Significant Net Loss
Net loss expanded to $24.3 million from break-even in Q1 2025, attributed largely to restructuring costs.
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Operational Restructuring
Restructuring and impairment charges amounting to $25.1 million can signal operational inefficiencies.
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Weak Consumer Demand
Lower sales volumes in key segments, notably consumer and agricultural, indicate potential ongoing demand challenges.
Management's outlook
Management did not provide specific numeric guidance for future periods.
Earlier filings 4
10-Q · July 31, 2025
Titan reported Q2 net sales of $460,830,000, down $71,340,000 (-13.4%) versus Q2 2024 and down $29,878,000 sequentially from Q1 2025. Gross margin held at about 15.0% ($69,273,000 gross profit) while income from…
10-Q · April 30, 2025
Titan reported Q1 2025 net sales of $490,708 (thousands), up from $482,209 in Q1 2024, but profitability weakened: diluted EPS was $(0.01) versus $0.14 a year ago and operating income fell to $11,799 from $25,072. The…
10-Q · July 31, 2024
Titan reported Q2 net sales of $532,170,000 (up $50,994,000 or +10.6% vs. Q2 2023) but saw gross margin compress to 15.1% and operating income fall to $22,322,000, driving diluted EPS to $0.03. The quarter reflects the…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.