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Titan International Inc

titan-intl.com

Titan International (NYSE: TWI) is an industrial manufacturing company that produces wheels, tires, and undercarriage systems for off-highway applications. Revenue comes from transactional sales of these components and assemblies to original equipment manufacturers (OEMs) and through aftermarket channels including independent distributors, equipment dealers, and Titan's own distribution centers. The company operates across three primary segments: agricultural, earthmoving/construction, and consumer. Agricultural products include wheels ranging from nine to 54 inches in diameter and tires from approximately one foot to seven feet in outside diameter, sold under the Goodyear Farm Tire, Titan Tire, Carlstar, ACES, and Voltyre-Prom brands. The earthmoving/construction segment covers OTR, mining, military, and forestry equipment. Titan traces its roots to the Electric Wheel Company in Quincy, Illinois, founded in 1890, and was incorporated in 1983. As of December 31, 2025, the company employed approximately 8,200 people worldwide, with roughly 5,300 located outside the United States. The company acquired The Carlstar Group, LLC (now also known as Titan Specialty), which materially expanded its product portfolio.

Products & Services

Agricultural wheels (9-inch to 54-inch diameter), agricultural tires (up to 7 feet diameter, 55 inches wide), earthmoving and construction wheels and tires, undercarriage systems and components, complete wheel-and-tire assemblies including Low Sidewall (LSW) assemblies. Brands include Goodyear Farm Tire, Titan Tire, Carlstar, ACES, and Voltyre-Prom.

Revenue Model

Transactional sales of wheels, tires, assemblies, and undercarriage components to OEM customers and aftermarket buyers through distributors, dealers, and company-operated distribution centers.

Customers & Markets

OEM equipment manufacturers and aftermarket customers across agricultural (tractors, combines, skidders, plows, planters, irrigation equipment), earthmoving, mining, military, construction, and forestry end markets.

Geographic Exposure

Global operations. Approximately 5,300 of 8,200 total employees (as of December 31, 2025) are located outside the United States. The Goodyear Farm Tire brand is produced in North America, Latin America, Europe, the Middle East, and Africa. 17 locations are ISO 14001 certified, comprising 45% of the facility footprint.

Financial Snapshot

Revenue
TTM
$1.867B
Gross Margin
TTM
13.75%
Net Income
TTM
-$76.75M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
211.33%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$509.9M
Cash
2026 Q2
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$34.97M

Stock Price

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Market Cap: $464.77 Million

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