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GoodYear Tire
(NASDAQ:GT)
GoodYear Tire (GT) vs. SPDR S&P 500 ETF (SPY)
GoodYear Tire Business Overview & Revenue Model
GoodYear Tire Earnings Call Summary
GoodYear Tire Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.59B | 18.88B | 20.07B | 20.80B | 17.48B | 12.32B |
| Gross Profit | 3.62B | 3.70B | 3.51B | 3.85B | 3.79B | 1.98B |
| EBITDA | 1.88B | 1.73B | 856.00M | 1.81B | 1.78B | 43.00M |
| Net Income | 242.00M | 70.00M | -689.00M | 202.00M | 764.00M | -1.25B |
Balance Sheet | ||||||
| Total Assets | 21.71B | 20.96B | 21.58B | 22.43B | 21.40B | 16.51B |
| Cash, Cash Equivalents and Short-Term Investments | 902.00M | 810.00M | 902.00M | 1.23B | 1.09B | 1.54B |
| Total Debt | 9.04B | 8.79B | 8.65B | 8.91B | 8.42B | 6.87B |
| Total Liabilities | 16.63B | 16.06B | 16.75B | 16.96B | 16.22B | 13.25B |
| Stockholders Equity | 5.09B | 4.76B | 4.67B | 5.30B | 5.00B | 3.08B |
Cash Flow | ||||||
| Free Cash Flow | -518.00M | -490.00M | -18.00M | -540.00M | 81.00M | 468.00M |
| Operating Cash Flow | 611.00M | 698.00M | 1.03B | 521.00M | 1.06B | 1.11B |
| Investing Cash Flow | -342.00M | -1.00B | -1.03B | -914.00M | -2.79B | -667.00M |
| Financing Cash Flow | -225.00M | 225.00M | -333.00M | 575.00M | 1.31B | 203.00M |
GoodYear Tire Technical Analysis
GoodYear Tire Risk Analysis
GoodYear Tire Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $7.98B | 10.96 | 50.15% | 1.14% | 3.86% | 16.02% | |
77 Outperform | $3.79B | 17.86 | 17.09% | ― | 6.03% | 40.36% | |
76 Outperform | $7.38B | 27.02 | 5.38% | 1.31% | -8.22% | -52.61% | |
75 Outperform | $5.04B | 11.06 | 10.00% | 3.26% | -3.15% | -6.70% | |
61 Neutral | AU$2.78B | 25.79 | 5.01% | 5.27% | 2.63% | -29.95% | |
61 Neutral | $2.50B | ― | -2.40% | 2.33% | -7.00% | -366.59% | |
54 Neutral | $3.06B | 12.78 | 5.06% | ― | -5.43% | ― |
GoodYear Tire Corporate Events
On June 2, 2025, Goodyear Tire & Rubber Company announced a plan to close its manufacturing facility in Kariega, South Africa, affecting approximately 900 jobs. This decision, part of the EMEA business unit, is expected to incur charges between $100 million and $110 million, with anticipated improvements in operating income by $10 million annually from 2026.
The most recent analyst rating on (GT) stock is a Hold with a $10.20 price target. To see the full list of analyst forecasts on GoodYear Tire stock, see the GT Stock Forecast page.
On May 29, 2025, Goodyear Tire & Rubber Company announced the pricing of its $500 million senior notes, which are due in 2030 and bear an interest rate of 6.625%. The proceeds from this offering, along with existing cash reserves, will be used to redeem the company’s remaining $500 million 5% Senior Notes due 2026, with the redemption set for July 3, 2025. This financial maneuver is part of Goodyear’s strategic efforts to manage its debt obligations effectively, potentially impacting its financial stability and market positioning.
The most recent analyst rating on (GT) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on GoodYear Tire stock, see the GT Stock Forecast page.
On May 29, 2025, Goodyear announced the redemption of $400 million of its 5% Senior Notes due 2026, set for June 30, 2025. This financial move is part of Goodyear’s broader strategy following the sale of its off-the-road (OTR) tire business to The Yokohama Rubber Company for approximately $905 million, completed on February 3, 2025. The divestiture, which included entities in Japan and Australia, allows Goodyear to focus on its core operations while maintaining a product supply agreement with Yokohama for certain OTR tires. This strategic shift is expected to impact Goodyear’s financial operations, as reflected in the pro forma financial statements, although these are not indicative of future performance.
The most recent analyst rating on (GT) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on GoodYear Tire stock, see the GT Stock Forecast page.
On May 22, 2025, Goodyear Tire & Rubber Company announced the sale of its polymer chemicals business to G-3 Chickadee Purchaser, LLC for approximately $650 million. This transaction, part of Goodyear’s strategic Goodyear Forward transformation plan, involves the transfer of chemical plants in Texas and a research facility in Ohio, with the aim of optimizing the company’s portfolio and reducing leverage. The sale is subject to regulatory approval and customary closing conditions, and it is expected to close by late 2025. Goodyear will retain certain chemical facilities and rights in New York and Texas.
The most recent analyst rating on (GT) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on GoodYear Tire stock, see the GT Stock Forecast page.
On May 19, 2025, Goodyear Tire & Rubber Company amended and restated its U.S. first lien revolving credit facility, extending its maturity from 2026 to 2030 while maintaining the interest rate at SOFR plus 125 basis points. This facility, which can be utilized for loans or letters of credit, allows for up to $800 million in letters of credit and $50 million in swingline loans, with the potential to increase by $250 million upon lender consent. The facility is secured by various assets, including U.S. and Canadian accounts receivable, inventory, and certain manufacturing facilities. The amendments aim to provide financial flexibility and stability, with covenants largely unchanged from the previous agreement, ensuring Goodyear’s continued operational capacity and market competitiveness.
The most recent analyst rating on (GT) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on GoodYear Tire stock, see the GT Stock Forecast page.
On May 12, 2025, Jason J. Winkler was elected to the Board of Directors of The Goodyear Tire & Rubber Company, with his term starting on May 15, 2025, and expiring at the 2026 Annual Meeting of Shareholders. Winkler, who is the executive vice president and chief financial officer of Motorola Solutions, will serve on the Audit Committee and the Committee on Corporate Responsibility and Compliance. His extensive experience in global finance is expected to be a significant asset to Goodyear as it continues its transformation plan aimed at expanding margins, optimizing its portfolio, and reducing leverage, thus enhancing shareholder value.
The most recent analyst rating on (GT) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on GoodYear Tire stock, see the GT Stock Forecast page.
On May 7, 2025, Goodyear completed the sale of its rights to the Dunlop brand in Europe, North America, and Oceania to Sumitomo Rubber Industries for $735 million. This transaction is part of Goodyear’s broader strategy to optimize its portfolio and reduce leverage as part of the Goodyear Forward transformation plan. The company reported first quarter 2025 results with net sales of $4.3 billion and a net income of $115 million, reflecting improvements from the previous year. Despite challenges like higher raw material costs and inflation, Goodyear remains committed to its targets, including a segment operating margin of 10% by the end of 2025.
Christopher R. Delaney, a named executive officer, left Goodyear Tire & Rubber Company on April 14, 2025, without severance benefits, and his departure was unrelated to the company’s financial or operational performance. Christina L. Zamarro, the Executive Vice President and Chief Financial Officer, will temporarily oversee the EMEA business unit, in addition to her current responsibilities.
On April 14, 2025, Goodyear shareholders approved an amendment to the 2022 Performance Plan, authorizing an additional 12.4 million common shares for issuance. During the same meeting, all twelve nominated directors were elected, and several resolutions were voted on, including the approval of executive compensation and the ratification of PricewaterhouseCoopers LLP as the independent auditor for 2025. A shareholder proposal regarding tire and road wear particle goals was not adopted.
On April 4, 2025, Christopher R. Delaney, President of the EMEA region for Goodyear Tire & Rubber Company, took a leave of absence. During his absence, Christina L. Zamarro, the company’s Executive Vice President and Chief Financial Officer, will temporarily oversee the EMEA business unit in addition to her current responsibilities.