Titan International, Inc. (TWI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 505.07M | 410.44M | 466.47M | 460.83M | 490.71M | 383.57M | 447.99M | 532.17M | 482.21M | 390.2M | 401.78M | 481.18M | 548.64M | 509.77M | 530.72M | 572.89M | 556M | 487.68M | 450.38M | 438.64M |
| Revenue Growth % | 2.93% | 7% | 4.13% | -13.41% | 1.76% | -1.7% | 11.5% | 10.6% | -12.11% | -23.46% | -24.3% | -16.01% | -1.32% | 4.53% | 17.84% | 30.61% | 37.79% | 49.18% | 47.78% | 53.3% |
| Cost of Goods Sold | 433.62M | 368.99M | 398.9M | 391.56M | 422.06M | 342.39M | 389.18M | 451.73M | 404.84M | 331.88M | 335.71M | 395.28M | 453.09M | 433.07M | 443.09M | 463.24M | 469.27M | 425.16M | 390.09M | 377.17M |
| COGS % of Revenue | 85.85% | 89.9% | 85.52% | 84.97% | 86.01% | 89.26% | 86.87% | 84.88% | 83.96% | 85.05% | 83.56% | 82.15% | 82.58% | 84.95% | 83.49% | 80.86% | 84.4% | 87.18% | 86.61% | 85.99% |
| Gross Profit | 71.45M | 41.45M | 67.56M | 69.27M | 68.64M | 41.19M | 58.8M | 80.44M | 77.37M | 58.32M | 66.07M | 85.89M | 95.56M | 76.69M | 87.63M | 109.65M | 86.73M | 62.52M | 60.29M | 61.47M |
| Gross Margin % | 14.15% | 10.1% | 14.48% | 15.03% | 13.99% | 10.74% | 13.13% | 15.12% | 16.04% | 14.95% | 16.45% | 17.85% | 17.42% | 15.05% | 16.51% | 19.14% | 15.6% | 12.82% | 13.39% | 14.01% |
| Gross Profit Growth % | 4.09% | 0.64% | 14.9% | -13.88% | -11.28% | -29.39% | -11% | -6.35% | -19.03% | -23.95% | -24.6% | -21.67% | 10.18% | 22.68% | 45.35% | 78.38% | 62.83% | 141.45% | 92.52% | 105.81% |
| Operating Expenses | 60.09M | 52.39M | 57.82M | 59.11M | 56.84M | 58.2M | 56M | 58.12M | 52.3M | 37.61M | 39.1M | 40M | 40.42M | 35.79M | 37.14M | 39.95M | 42.02M | 38.19M | 37.39M | 37.75M |
| OpEx % of Revenue | 11.9% | 12.76% | 12.4% | 12.83% | 11.58% | 15.17% | 12.5% | 10.92% | 10.85% | 9.64% | 9.73% | 8.31% | 7.37% | 7.02% | 7% | 6.97% | 7.56% | 7.83% | 8.3% | 8.61% |
| Selling, General & Admin | 52.4M | 48.75M | 52.85M | 52.35M | 49.85M | 51.26M | 49.53M | 51.58M | 39.42M | 32.02M | 33.59M | 34.86M | 34.47M | 30.49M | 31.41M | 34.67M | 36.23M | 32.96M | 32.22M | 32.57M |
| SG&A % of Revenue | 10.37% | 11.88% | 11.33% | 11.36% | 10.16% | 13.36% | 11.06% | 9.69% | 8.17% | 8.21% | 8.36% | 7.24% | 6.28% | 5.98% | 5.92% | 6.05% | 6.52% | 6.76% | 7.15% | 7.42% |
| Research & Development | 5.28M | 4.89M | 4.55M | 4.34M | 4.54M | 4.45M | 4.2M | 4.22M | 3.65M | 3.14M | 3.17M | 3.22M | 3.01M | 2.81M | 2.43M | 2.24M | 2.92M | 2.65M | 2.37M | 2.53M |
| R&D % of Revenue | 1.05% | 1.19% | 0.98% | 0.94% | 0.93% | 1.16% | 0.94% | 0.79% | 0.76% | 0.8% | 0.79% | 0.67% | 0.55% | 0.55% | 0.46% | 0.39% | 0.53% | 0.54% | 0.53% | 0.58% |
| Other Operating Expenses | 1000K | -1000K | 416K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 11.36M | -10.94M | 9.74M | 10.16M | 11.8M | -17.02M | 2.81M | 22.32M | 25.07M | 20.72M | 26.98M | 45.9M | 55.14M | 40.9M | 50.49M | 69.7M | 44.71M | 24.32M | 22.9M | 23.72M |
| Operating Margin % | 2.25% | -2.67% | 2.09% | 2.2% | 2.4% | -4.44% | 0.63% | 4.19% | 5.2% | 5.31% | 6.71% | 9.54% | 10.05% | 8.02% | 9.51% | 12.17% | 8.04% | 4.99% | 5.08% | 5.41% |
| Operating Income Growth % | -3.75% | 35.71% | 247.13% | -54.48% | -52.94% | -182.14% | -89.59% | -51.37% | -54.53% | -49.35% | -46.57% | -34.15% | 23.32% | 68.15% | 120.48% | 193.86% | 214.16% | 253.58% | 436.37% | 864.88% |
| EBITDA | 28.43M | 6.88M | 26.54M | 26.78M | 27.67M | 3.63M | 15.44M | 37.74M | 37.07M | 31.55M | 37.01M | 56.63M | 65.97M | 50.52M | 60.53M | 80.6M | 56.06M | 35.97M | 34.33M | 36.08M |
| EBITDA Margin % | 5.63% | 1.68% | 5.69% | 5.81% | 5.64% | 0.95% | 3.45% | 7.09% | 7.69% | 8.09% | 9.21% | 11.77% | 12.02% | 9.91% | 11.4% | 14.07% | 10.08% | 7.38% | 7.62% | 8.22% |
| EBITDA Growth % | 2.75% | 89.69% | 71.84% | -29.04% | -25.36% | -88.5% | -58.27% | -33.35% | -43.8% | -37.54% | -38.86% | -29.73% | 17.68% | 40.44% | 76.33% | 123.41% | 109.23% | 2405.83% | 432.28% | 252.56% |
| D&A (Non-Cash Add-back) | 17.07M | 17.82M | 16.79M | 16.62M | 15.87M | 20.64M | 12.64M | 15.42M | 12M | 10.84M | 10.03M | 10.73M | 10.83M | 9.62M | 10.04M | 10.9M | 11.35M | 11.65M | 11.43M | 12.36M |
| EBIT | 11.36M | -12.19M | 8.33M | 10.76M | 13.79M | -15.7M | 3.72M | 26.06M | 28.08M | -1M | 31.61M | 47.09M | 54.14M | 33.97M | 61.38M | 95.63M | 41.17M | 27.79M | 23.96M | 8.16M |
| Net Interest Income | -7.69M | -6.8M | -6.7M | -7.22M | -7.3M | -6.79M | -5.94M | -7.19M | -5.49M | -2.6M | -3.93M | -5.76M | -6.49M | -6.96M | -7.22M | -7.71M | -7.91M | -8.28M | -7.82M | -8.6M |
| Interest Income | 2.2M | 0 | 3.03M | 2.46M | 2.24M | 2.54M | 3.06M | 0 | 0 | 0 | 3.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 9.89M | 0 | 9.73M | 9.67M | 9.54M | 9.33M | 9.01M | 7.19M | 5.49M | 2.6M | 7.23M | 5.76M | 6.49M | 6.96M | 7.22M | 7.71M | 7.91M | 8.28M | 7.82M | 8.6M |
| Other Income/Expense | -30.97M | -4.3M | -11.14M | -9.07M | -7.55M | -8.01M | -8.09M | -3.45M | -5.36M | -24.32M | -2.59M | -4.57M | -7.49M | -13.89M | 3.67M | 18.22M | -11.45M | -4.81M | -6.75M | -24.15M |
| Pretax Income | -19.62M | -15.24M | -1.39M | 1.09M | 4.25M | -25.03M | -5.28M | 18.87M | 19.71M | -3.6M | 24.38M | 41.32M | 47.65M | 27.01M | 54.16M | 87.92M | 33.26M | 19.51M | 16.15M | -435K |
| Pretax Margin % | -3.88% | -3.71% | -0.3% | 0.24% | 0.87% | -6.53% | -1.18% | 3.55% | 4.09% | -0.92% | 6.07% | 8.59% | 8.68% | 5.3% | 10.2% | 15.35% | 5.98% | 4% | 3.58% | -0.1% |
| Income Tax | 4.63M | 39.9M | 1.07M | 4.69M | 4.23M | -26.24M | 12.91M | 15.45M | 9.74M | -2.32M | 4.72M | 9.43M | 14.22M | -15.96M | 11.45M | 19M | 8.68M | -8.78M | 5.34M | 1.99M |
| Effective Tax Rate % | -23.62% | -261.77% | -76.53% | 431.55% | 99.48% | 104.85% | -244.42% | 81.87% | 49.4% | 64.42% | 19.35% | 22.82% | 29.84% | -59.09% | 21.13% | 21.61% | 26.1% | -44.99% | 33.09% | -457.7% |
| Net Income | -24.21M | -56.04M | -2.26M | -4.54M | -649K | 1.34M | -18.25M | 2.15M | 9.2M | -2.56M | 19.28M | 30.21M | 31.84M | 42.04M | 43.17M | 67.17M | 23.92M | 27.6M | 11.19M | -2.77M |
| Net Margin % | -4.79% | -13.65% | -0.48% | -0.99% | -0.13% | 0.35% | -4.07% | 0.4% | 1.91% | -0.66% | 4.8% | 6.28% | 5.8% | 8.25% | 8.13% | 11.72% | 4.3% | 5.66% | 2.48% | -0.63% |
| Net Income Growth % | -3630.97% | -4285.06% | 87.6% | -311.49% | -107.05% | 152.2% | -194.65% | -92.89% | -71.1% | -106.1% | -55.34% | -55.03% | 33.09% | 52.33% | 285.89% | 2522.32% | 76.23% | 260.32% | 188.48% | 45.03% |
| Net Income (Continuing) | -24.25M | -55.15M | -2.46M | -3.6M | 22K | 1.21M | -18.2M | 3.42M | 9.97M | -1.28M | 19.66M | 31.89M | 33.43M | 42.97M | 42.71M | 68.92M | 24.58M | 28.29M | 10.8M | -2.43M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 6.64M | 7.24M | 5.36M | 6.61M | 5.21M | -2.42M | 287K | 4.28M | 792K | 355K | -29K | 862K | 2.4M | 1.9M | 5.22M | 6.33M | -2.65M | -2.13M | -3.32M | -3.37M |
| EPS (Diluted) | -0.38 | -0.88 | -0.04 | -0.07 | -0.01 | 0.02 | -0.25 | 0.03 | 0.14 | -0.04 | 0.31 | 0.48 | 0.50 | 0.66 | 0.68 | 1.06 | 0.37 | 0.44 | 0.18 | -0.04 |
| EPS Growth % | -3700% | -4413.73% | 85.84% | -344.22% | -107.14% | 148.8% | -180.65% | -93.88% | -72% | -106.33% | -54.41% | -54.72% | 35.14% | 50% | 277.78% | 2460.8% | 68.18% | 257.14% | 185.71% | 46.03% |
| EPS (Basic) | -0.38 | -0.88 | -0.04 | -0.07 | -0.01 | 0.02 | -0.25 | 0.03 | 0.14 | -0.04 | 0.31 | 0.48 | 0.51 | 0.67 | 0.69 | 1.07 | 0.37 | 0.44 | 0.18 | -0.04 |
| Diluted Shares Outstanding | 64.07M | 63.95M | 63.9M | 63.28M | 63.28M | 65.57M | 72.01M | 73.08M | 65.7M | 61.39M | 63.09M | 63.23M | 63.62M | 63.52M | 63.23M | 63.22M | 64.35M | 63.16M | 62.6M | 61.72M |
| Basic Shares Outstanding | 64.07M | 63.9M | 63.9M | 63.28M | 63.28M | 64.98M | 72.01M | 72.74M | 64.93M | 61.39M | 62.6M | 62.93M | 62.91M | 62.84M | 62.8M | 62.67M | 63.86M | 62.86M | 62.34M | 61.72M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |