Titan International Q2 earnings call highlighted financial results, operational updates and strategic outlook for the company. Q2 earnings details can affect near-term investor views and stock movement but rarely shift long-term company trajectory.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | 1 | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | 0.01 |
—
|
| 2019 | 0.02 |
—
—
—
—
|
| 2018 | 0.02 |
—
—
—
—
|
| 2017 | 0.02 |
—
—
—
—
|
| 2016 | 0.02 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 220.25 | 195.97 | 202.88 | 179.79 |
| Receivables | 219.15 | 211.72 | 238.91 | 317.22 |
| Inventory | 365.16 | 437.19 | 470.55 | 479.99 |
| Other | — | — | — | — |
| 876.78 | 912.04 | 985.97 | 1,053.42 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 201.20 | 219.59 | 251.72 | 294.27 |
| ST’ Debt | 16.91 | 12.48 | 21.19 | 34.40 |
| Other | 139.38 | 143.29 | 141.51 | 155.14 |
| 362.51 | 387.36 | 428.24 | 498.48 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 505.07 | 484.77 | — | — |
—
|
| ’25 | 490.71 | 460.83 | 466.47 | 410.44 |
1,828.44
|
| ’24 | 482.21 | 532.17 | 447.99 | 383.57 |
1,845.94
|
| ’23 | 548.64 | 481.18 | 401.78 | 390.20 |
1,821.80
|
| ’22 | 556.00 | 572.90 | 530.72 | 509.77 |
2,169.38
|
| ’21 | 403.52 | 438.64 | 450.38 | 487.68 |
1,780.22
|
| ’20 | 341.50 | 286.13 | 304.77 | 326.91 |
1,259.31
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (46.53) | 39.15 | — | — |
—
|
| ’25 | (38.59) | 14.31 | 41.52 | 12.79 |
30.03
|
| ’24 | 2.01 | 70.84 | 59.91 | 8.74 |
141.49
|
| ’23 | 24.09 | 64.80 | 51.22 | 39.24 |
179.35
|
| ’22 | (18.52) | 67.44 | 53.32 | 58.44 |
160.68
|
| ’21 | (15.96) | (1.52) | 15.20 | 13.02 |
10.73
|
| ’20 | 3.97 | 1.53 | 41.93 | 9.80 |
57.23
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (59.66) | 27.28 | — | — |
—
|
| ’25 | (53.42) | 4.30 | 29.93 | (5.40) |
(24.59)
|
| ’24 | (14.55) | 54.79 | 41.79 | (6.17) |
75.86
|
| ’23 | 12.65 | 48.97 | 38.81 | 18.13 |
118.55
|
| ’22 | (25.40) | 55.15 | 40.41 | 43.54 |
113.70
|
| ’21 | (24.28) | (7.10) | 5.97 | (2.67) |
(28.08)
|
| ’20 | (2.26) | (0.44) | 36.22 | 2.03 |
35.55
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.38) | 0.09 | — | — |
—
|
| ’25 | (0.01) | (0.07) | (0.04) | (0.88) |
(1.00)
|
| ’24 | 0.14 | 0.03 | (0.25) | 0.02 |
(0.08)
|
| ’23 | 0.50 | 0.48 | 0.31 | (0.04) |
1.25
|
| ’22 | 0.37 | 1.06 | 0.68 | 0.66 |
2.77
|
| ’21 | 0.22 | (0.04) | 0.18 | 0.44 |
0.79
|
| ’20 | (0.42) | (0.08) | (0.21) | (0.28) |
(0.99)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 9.19 | 9.23 | 6.34 | 5.93 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 19.81 | 17.29 | 15.33 | 10.94 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7,500 | 6,900 | 8,303 | 8,200 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.29 | 0.26 | 0.22 | 0.22 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,169.38 | 1,821.80 | 1,845.94 | 1,828.44 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.63% | 16.79% | 13.97% | 13.86% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 202.35 | 109.75 | 8.27 | (11.30) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.33% | 6.02% | 0.45% | (0.62%) | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 179.19 | 83.71 | (3.59) | (61.19) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 42.75 | 42.43 | 60.70 | 67.11 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 34.41 | 29.17 | 26.88 | 28.70 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | 2.80 | 1.26 | (0.08) | (1.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.55 | 2.87 | 2.06 | 0.47 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.75) | (0.97) | (0.96) | (0.86) | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.80 | 1.90 | 1.10 | (0.39) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.08 | 7.48 | 7.19 | 8.19 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 63.04 | 62.45 | 68.66 | 63.71 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡ | 5.33 | 11.79 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.43 | 0.51 | 0.25 | 0.27 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.45 | 1.99 | 0.94 | 0.96 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.57 | 0.62 | 0.45 | 0.48 | ‡‡‡‡ | ‡‡‡‡ | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.79 | 9.56 | 11.02 | (35.86) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 160.68 | 179.35 | 141.49 | 30.03 | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (46.97) | (60.80) | (65.62) | (54.62) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 113.70 | 118.55 | 75.86 | (24.59) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 463.47 | 514.27 | 524.68 | 557.73 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 445.62 | 426.09 | 565.45 | 585.90 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 286.04 | 205.84 | 369.47 | 383.02 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 383.14 | 467.42 | 493.66 | 521.62 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.29% | 6.12% | (0.39%) | (3.90%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.22% | 13.81% | 2.40% | 1.43% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 57.77% | 18.52% | (1.16%) | (12.51%) | — | — | — |
ROE
|
Titan International (TWI), a key player in wheels, tires, and undercarriage systems for ag, construction, and mining gear, has ridden a rollercoaster decade of boom-bust cycles, supply snarls, and macro headwinds. Revenue soared to $2.17 billion in 2022 amid post-pandemic demand and Ukraine-fueled shortages, but plunged 16% in 2023 before a tepid 1% rebound to $1.85 billion in 2024, with projections signaling a near-term dip before modest recovery to $2 billion by 2027. Profitability echoed the drama—EBT margins hit 9.3% in 2022, only to crater to 0.45% in 2024 with net losses, exposing frailties in a softening ag sector hit by falling commodities and high rates.
Cash flows offer a silver lining, with FCF per share peaking at $1.90 in 2023 before sliding, yet the balance sheet raises red flags: debt ballooned 33% to $565 million, pushing net debt over 75% of equity in a high-rate world. Valuation looks cheap at 0.25x PS and 0.94x PB, but wild PE swings, bearish insider selling (millions dumped vs. tiny buys), and cyclical vulnerabilities scream caution—analysts eye breakeven margins through 2027 with flat price targets.
This risk-averse view flags leverage and downside as dominant, suiting tactical plays over core holds, but execution on FCF reinvestment and debt cuts could spark upside by late-decade. Dive into the full analysis for the charts, peer comps, and tactical sizing that could turn volatility into opportunity.
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