$6.66

+0.02 (+0.30%)

After Hours: $7.43 (+0.77, +11.56%)

Weekly Expected Move ±4.0%

$6 $6 $7 $7 $7

NYSE · Industrials · Agricultural - Machinery · Tech Score Strong Sell · Power 30 · $428.6M mcap · 52M float · 1.10% daily turnover · Short 65% of daily vol

Credit Risk of going bust: higher than 75% of companies Debt: 62.5% of company value Bonds: $26.6M held by 44 funds, 288 bp over Treasuries → details ▾

Of US companies ranked in the third-riskiest tenth, about 1 in 140 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.63 (down 90%), Titan International, Inc. would be worth roughly what it owes.
Total debt $713.8M against a stock market value of $428.6M.
Distance to default 3.05 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $313.8M (short-term plus half of long-term), stock volatility 47.2%; Altman Z 1.75. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$1.8B -0.9% ▼

5Y CAGR: +7.7%

Gross Profit

$242M -6.0% ▼

5Y CAGR: +16.2%

Operating Income

$21M -37.4% ▼

Net Income

-$63M -1042.0% ▼

EPS (Diluted)

$-1.00 -1134.6% ▼

EBITDA

$88M -16.6% ▼

5Y CAGR: +26.5%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.8B	$2.2B	$1.8B	$1.8B	$1.8B
YoY Growth	+41.4%	+21.9%	-16.0%	+1.3%	-0.9%
Cost of Revenue	$1.5B	$1.8B	$1.5B	$1.6B	$1.6B
Gross Profit	$238M	$361M	$306M	$258M	$242M
Gross Margin	13.3%	16.6%	16.8%	14.0%	13.3%
R&D Expenses	$10M	$10M	$13M	$17M	$18M
SG&A Expenses	$132M	$133M	$135M	$192M	$203M
Operating Expenses	$152M	$155M	$157M	$225M	$222M
Operating Income	$85M	$206M	$149M	$33M	$21M
Operating Margin	4.8%	9.5%	8.2%	1.8%	1.1%
Interest Expense	$32M	$32M	$19M	$36M	$39M
Income Before Tax	$51M	$202M	$110M	$8M	-$11M
Tax Expense	$1M	$23M	$26M	$12M	$50M
Net Income	$50M	$176M	$79M	-$6M	-$63M
Net Margin	2.8%	8.1%	4.3%	-0.3%	-3.5%
EPS (Diluted)	$0.79	$2.77	$1.25	$-0.08	$-1.00
EBITDA	$130M	$274M	$171M	$105M	$88M
Shares Outstanding	63M	64M	63M	69M	64M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$448M	$384M	$491M	$461M	$466M	$410M	$505M	$485M
Cost of Revenue	$389M	$342M	$422M	$392M	$399M	$369M	$434M	$410M
Gross Profit	$59M	$41M	$69M	$69M	$68M	$41M	$71M	$75M
Gross Margin	13.1%	10.7%	14.0%	15.0%	14.5%	10.1%	14.1%	15.5%
R&D Expenses	$4M	$4M	$5M	$4M	$5M	$5M	$5M	$5M
SG&A Expenses	$50M	$51M	$50M	$52M	$53M	$49M	$52M	$53M
Operating Expenses	$56M	$58M	$57M	$59M	$58M	$52M	$60M	$62M
Operating Income	$3M	-$17M	$12M	$10M	$10M	-$11M	$11M	$13M
Operating Margin	0.6%	-4.4%	2.4%	2.2%	2.1%	-2.7%	2.2%	2.7%
Interest Expense	$9M	$9M	$10M	$10M	$10M	$10M	$10M	$10M
Income Before Tax	-$5M	-$25M	$4M	$1M	-$1M	-$15M	-$20M	$6M
Tax Expense	$13M	-$26M	$4M	$5M	$1M	$40M	$5M	-$4K
Net Income	-$18M	$1M	-$649K	-$5M	-$2M	-$56M	-$24M	$6M
Net Margin	-4.1%	0.3%	-0.1%	-1.0%	-0.5%	-13.7%	-4.8%	1.2%
EPS (Diluted)	$-0.25	$0.02	$-0.01	$-0.07	$-0.04	$-0.88	$-0.38	$0.09
EBITDA	$16M	$5M	$30M	$27M	$25M	$6M	$7M	$34M
Shares Outstanding	72M	66M	63M	63M	64M	64M	64M	65M

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