← TITAN INTERNATIONAL INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.3b | $1.5b | $1.6b | $1.4b | $1.3b | $1.8b | $2.2b | $1.8b | $1.8b | $1.8b | |
| Cost of Revenue | $1.1b | $1.3b | $1.4b | $1.3b | $1.1b | $1.5b | $1.8b | $1.5b | $1.6b | $1.6b | |
| Gross Profit | $142.5m | $158.3m | $198.3m | $129.0m | $114.3m | $237.5m | $360.7m | $305.8m | $257.8m | $253.5m | |
| Operating Income (Loss) | ($21.3m) | ($13.2m) | $42.2m | ($28.4m) | ($35.4m) | $85.2m | $205.8m | $148.7m | $33.2m | $20.8m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $2.2m | $3.0m | $2.3m | $2.2m | $2.3m | $600k | $400k | — | $1.5m | $1.4m | |
| Foreign Currency Transaction Gain (Loss), before Tax | $8.6m | ($2.0m) | ($11.2m) | $4.0m | ($11.0m) | $12.0m | $927k | ($22.8m) | ($6.1m) | ($5.0m) | |
| Gain (Loss) on Investments | — | — | — | $0 | $0 | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | $8.6m | $1.8m | $0 | $0 | — | — | |
| Goodwill, Impairment Loss | $0 | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($52.7m) | ($65.4m) | ($298k) | ($52.2m) | ($36.8m) | ($5.9m) | $73.4m | $20.8m | ($32.4m) | ($58.6m) | |
| Income (Loss) from Equity Method Investments | $0 | $3.6m | $4.0m | $2.4m | $720k | $806k | $859k | $1.2m | $1.0m | $1.2m | |
| Interest Income, Other | $3.2m | $3.4m | $2.1m | $1.1m | — | — | — | — | — | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | $11.0m | $10.7m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $32.9m | $52.9m | $19.8m | $48.0m | $58.1m | $51.0m | $202.4m | $109.7m | $8.3m | ($11.3m) | |
| Net Income (Loss) Attributable to Parent | ($34.0m) | ($60.0m) | $16.1m | ($48.4m) | ($60.4m) | $49.6m | $176.3m | $78.8m | ($5.6m) | ($63.5m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($43.5m) | ($66.4m) | $3.9m | ($50.4m) | ($60.4m) | $49.6m | $176.3m | $78.8m | ($5.6m) | ($63.5m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($2.1m) | ($4.0m) | ($3.0m) | ($3.1m) | ($4.7m) | $305k | $2.9m | $4.9m | $2.0m | $2.3m | |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest | ($38.3m) | ($64.2m) | $14.1m | ($50.7m) | ($65.1m) | $49.9m | $179.2m | $4.9m | $2.0m | $2.3m | |
| Earnings Per Share, Basic | ($0.81) | ($1.12) | $0.06 | ($0.84) | ($0.99) | $0.80 | $2.80 | $1.26 | ($0.08) | ($1.00) | |
| Earnings Per Share, Diluted | ($0.81) | ($1.12) | $0.06 | ($0.84) | ($0.99) | $0.79 | $2.77 | $1.25 | ($0.08) | ($1.00) | |
| Common Stock, Dividends, Per Share, Declared | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.00 | $0.00 | $1.26 | ($0.08) | ($1.00) | |
| Weighted Average Number of Shares Outstanding, Basic | 53.9m | 59.3m | 59.8m | 60.1m | 60.8m | 62.1m | 63.0m | 62.5m | 68.7m | 63.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | 53.9m | 59.3m | 59.9m | 60.1m | 60.8m | 62.7m | 63.7m | 63.0m | 68.7m | 63.7m | |
| Selling, General and Administrative Expense | $145.0m | $150.7m | $134.8m | $137.7m | $130.9m | $131.8m | $132.8m | $134.9m | $191.8m | $203.3m | |
| Other Nonoperating Income (Expense) | $112k | ($1.1m) | $10.6m | ($393k) | $2.6m | ($727k) | $1.9m | $430k | $6.6m | $965k | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $36.4m | $38.7m | |
| Business Combination, Acquisition Related Costs | — | — | — | — | — | — | — | — | $6.2m | $0 | |
| Current Income Tax Expense (Benefit) | $4.0m | $10.4m | $9.1m | $5.8m | $10.0m | $15.3m | $46.6m | $28.1m | $18.2m | $18.9m | |
| Interest Expense | $32.5m | $30.2m | $30.5m | $33.1m | $30.6m | $32.2m | $29.8m | $18.8m | $36.4m | $38.7m | |
| Nonoperating Income (Expense) | $12.5m | $11.1m | $19.2m | $9.5m | $18.8m | $2.1m | $25.4m | $2.6m | — | — | |
| Operating Lease, Expense | — | — | — | — | — | — | $5.1m | $5.6m | $24.5m | $27.2m | |
| Research and Development Expense | $10.0m | $10.3m | $11.1m | $9.9m | $9.0m | $10.1m | $10.4m | $12.5m | $16.5m | $18.3m | |
| Income Tax Expense (Benefit) | $3.3m | $11.2m | $6.8m | $3.5m | $6.9m | $1.1m | $23.2m | $26.0m | $11.9m | $49.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.