Titan International (TWI)
NYSE:TWI
Top Page
Titan International
(NYSE:TWI)
Select Model
Select Model
Rating:45Neutral
Price Target:
$6.50
▼(-8.45% Downside)
Action:ReiteratedDate:03/21/26
The score is held down primarily by weak recent financial performance (losses, margin compression, negative free cash flow) and a bearish technical setup (price below key moving averages, negative MACD). Earnings-call guidance and improving Q4 execution provide some support, but leverage and cash-flow risk remain meaningful; valuation is hard to assess given negative earnings and no dividend yield provided.
Positive Factors
Product innovation & Carlstar integration
A sustained pipeline of recently introduced products (15% of expected 2026 sales) supports structural aftermarket and specialty revenue, improving mix and pricing power. Over 2–6 months this reduces reliance on cyclical OEM volumes and provides a durable lever for margin recovery.
Negative Factors
Elevated leverage
High net debt and leverage materially constrain financial flexibility and raise refinancing risk if cash generation lags. Over a multi-month horizon, elevated leverage limits ability to invest or absorb cyclical downturns, making recovery and margin improvement more fragile.
Read all positive and negative factors
Positive Factors
Negative Factors
Product innovation & Carlstar integration
A sustained pipeline of recently introduced products (15% of expected 2026 sales) supports structural aftermarket and specialty revenue, improving mix and pricing power. Over 2–6 months this reduces reliance on cyclical OEM volumes and provides a durable lever for margin recovery.
Read all positive factors
Titan International (TWI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$443.69M
Dividend YieldN/A
Average Volume (3M)684.54K
Price to Earnings (P/E)―
Beta (1Y)1.71
Revenue Growth-2.75%
EPS Growth22.20%
CountryUS
Employees8,303
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)-0.27
Shares Outstanding64,024,055
10 Day Avg. Volume959,678
30 Day Avg. Volume684,540
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.97
Price to Sales (P/S)0.27
P/FCF Ratio-20.22
Enterprise Value/Market Cap2.14
Enterprise Value/Revenue0.52
Enterprise Value/Gross Profit3.85
Enterprise Value/Ebitda10.84
Forecast
1Y Price Target
$12.00Price Target Upside69.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.12
Revenue Forecast (FY)$1.87B
Titan International Business Overview & Revenue Model
Company Description
Titan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States regi...
How the Company Makes Money
Titan International makes money primarily by selling off-highway wheels and tires (and related assemblies/components) to two main customer channels: (1) OEM sales, where Titan supplies wheels/tires/assemblies that are installed on new equipment pr...
Titan International Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call balanced several clear operational and financial positives — including a 7% Q4 sales increase, 21% growth and margin expansion in EMC, overall gross margin expansion to 10.9%, and improved adjusted EBITDA — with notable near-term financial and market headwinds such as negative Q4 free cash flow, elevated net debt (3.8x), a $40M deferred tax valuation allowance, tariff-driven uncertainty, and softness in Brazil and large-row-crop ag. Management reiterated optimism that 2025 was the trough, provided FY2026 growth guidance, and emphasized product innovation and sourcing resilience as levers for improvement. On balance the company showed tangible execution and clear paths to recovery, but there are meaningful cash-flow, leverage and macro-policy risks to monitor.Positive Updates
Top-line and Profitability Improvement in Q4
Q4 sales grew 7% year-over-year; revenue, gross margin and adjusted EBITDA all exceeded prior-year levels and Q4 results were ahead of the company's guidance.
Negative Updates
Consumer Gross Margin Decline
Consumer gross margin slipped to 15.6% from 18.1% a year ago (down ~2.5 percentage points), driven primarily by product mix, reduced leverage and lumpiness in rubber mixing volumes.
Read all updates
Q4-2025 Updates
Positive
Negative
Top-line and Profitability Improvement in Q4
Q4 sales grew 7% year-over-year; revenue, gross margin and adjusted EBITDA all exceeded prior-year levels and Q4 results were ahead of the company's guidance.
Read all positive updates
Company Guidance
Titan guided Q1 FY2026 revenues of $490–510 million and adjusted EBITDA of $28–33 million (both roughly flat vs. Q1 ’25), and reintroduced full‑year FY2026 guidance of revenues $1.85–1.95 billion and adjusted EBITDA $105–115 million (implying modest improvement over 2025). Management expects Q1 cash taxes reported as $4–5 (the transcript likely means $4–5 million) and full‑year cash taxes of about $20 million, plans total 2026 CapEx of $55 million (maintenance CapEx $30–35 million), and flagged that year‑end working capital may be modestly higher to support growth. By segment, EMC is expected to outperform, ag to be flattish in H1 with a potential recovery in H2, and consumer to show modest improvement; management also noted Q4 metrics (sales +7% YoY, Q4 adjusted EBITDA ~$11 million, Q4 free cash flow –$5 million, net debt $383 million, leverage 3.8x) as context for the guidance.Titan International Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
46
Neutral
Cash Flow
42
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.83B | 1.85B | 1.82B | 2.17B | 1.78B |
| Gross Profit | 242.35M | 257.80M | 305.85M | 360.71M | 237.54M |
| EBITDA | 87.87M | 105.40M | 170.97M | 274.05M | 130.26M |
| Net Income | -63.49M | -5.56M | 78.76M | 176.30M | 49.59M |
Balance Sheet | |||||
| Total Assets | 1.67B | 1.58B | 1.29B | 1.28B | 1.18B |
| Cash, Cash Equivalents and Short-Term Investments | 202.88M | 195.97M | 220.25M | 159.58M | 98.11M |
| Total Debt | 710.79M | 683.46M | 437.26M | 451.88M | 502.48M |
| Total Liabilities | 1.15B | 1.09B | 821.83M | 901.49M | 955.51M |
| Stockholders Equity | 514.38M | 496.07M | 467.06M | 381.24M | 229.30M |
Cash Flow | |||||
| Free Cash Flow | -24.59M | 75.86M | 118.55M | 113.70M | -28.08M |
| Operating Cash Flow | 30.03M | 141.49M | 179.35M | 160.68M | 10.73M |
| Investing Cash Flow | -59.65M | -201.60M | -56.92M | -36.75M | -37.60M |
| Financing Cash Flow | 17.45M | 64.55M | -56.02M | -61.31M | 13.95M |
Titan International Technical Analysis
Negative
7.10
Price Trends
9.26
Negative
8.62
Negative
8.67
Negative
Market Momentum
-0.73
Positive
28.98
Positive
24.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TWI, the sentiment is Negative. The current price of 7.1 is below the 20-day moving average (MA) of 8.15, below the 50-day MA of 9.26, and below the 200-day MA of 8.67, indicating a bearish trend. The MACD of -0.73 indicates Positive momentum. The RSI at 28.98 is Positive, neither overbought nor oversold. The STOCH value of 24.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TWI.
Titan International Risk Analysis
Titan International disclosed 28 risk factors in its most recent earnings report. Titan International reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Titan International Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $215.47M | 13.80 | 7.25% | ― | ― | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $424.97M | 58.98 | 1.06% | ― | -0.83% | ― | |
59 Neutral | $592.85M | -8.76 | 0.51% | 4.61% | -8.30% | -98.18% | |
58 Neutral | $366.76M | 1.70 | 53.71% | 3.59% | -22.95% | ― | |
52 Neutral | $418.16M | 20.66 | 0.66% | 1.59% | -2.36% | -73.77% | |
45 Neutral | $443.69M | -7.83 | -11.61% | ― | -2.75% | 22.20% |
* Industrials Sector Average
TWI
Titan International
6.93
-2.03
-22.66%
CMCO
Columbus Mckinnon
14.55
-3.00
-17.10%
GENC
Gencor
14.70
1.94
15.20%
MTW
Manitowoc Company
11.98
2.55
27.04%
WNC
Wabash National
9.07
-2.50
-21.58%
HY
Hyster-Yale Materials Handling
33.12
-9.59
-22.45%
Titan International Corporate Events
Executive/Board Changes
Titan International Announces Resignation of Board Director
Neutral
Feb 12, 2026
On February 9, 2026, Titan International, Inc. announced that board member Kim A. Marvin resigned from the company’s Board of Directors and all associated committees, effective immediately. The company stated that Marvin’s resignation ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.