Start here if you're new
what it is
Titan makes the wheels, tires, and undercarriage parts that keep farm and construction machines moving.
how it gets paid
FY 2025 revenue was ~$1.83B (down ~1% YoY). Agricultural wheels and tires was the largest line at ~$0.81B, or ~45% of sales.
why growth slowed
Revenue fell 0.9% last year. The number that mattered was a large miss vs estimates (verify surprise math — prior “1000%” read was a feed artifact).
what just happened
Q4 2025 revenue was ~$410M; GAAP EPS was about -$0.88 vs. a much smaller loss consensus— do not confuse quarterly revenue with ~$1.8B annual sales.
At a glance
B balance sheet — gets the job done, barely
20/100 earnings predictability — expect surprises
1.2% return on capital — nothing to write home about
-$1.00 fy2025 eps est
~$1.85B–$1.95B FY2026 revenue outlook (company guidance)
xvary composite: 54/100 — below average
What they do
Titan makes the wheels, tires, and undercarriage parts that keep farm and construction machines moving.
Titan sits in a boring spot that matters. If your tractor or loader needs a replacement wheel or tire, downtime costs more than shopping around. That helps a company with 8,303 employees and global manufacturing reach hold shelf space with OEMs and dealers.
How they make money
~$1.83B
annual revenue · FY 2025 was down ~1% YoY
Agricultural wheels and tires
$0.81B
flat
Earthmoving and construction tires
$0.54B
dn
Consumer specialty tires
$0.27B
up
Undercarriage systems and components
$0.13B
flat
Mining, military, and forestry wheels/tires
$0.05B
flat
The products that matter
farm equipment wheels and tires
Agricultural
~$0.81B · about 45% of revenue
this line matches the “ag wheels & tires” revenue row— the center of gravity for farm exposure. management commentary on smaller vs. high-horsepower equipment mix still applies to how that bucket trends.
largest segment
parts for heavy equipment
Construction & Earthmoving Undercarriage
~$0.67B · ~37% of revenue (earthmoving + undercarriage)
rolls the earthmoving tire row plus undercarriage systems— construction and replacement demand drive this block. margin recovery here matters as much as top-line noise.
margin swing factor
Key numbers
$565M
long-term debt
That is the number hanging over everything else. Jargon: leverage → borrowed money → so what: weak markets hurt more when debt is this large.
5.4%
operating margin
Titan keeps just 5.4 cents from each sales dollar before interest and taxes on a trailing view. That is a slim buffer.
1.2%
return on capital
Jargon: return on capital → profit earned on money invested → so what: Titan is earning very little on the capital tied up in the business.
$1.8B
annual revenue
Scale is real— but Q4 2025 GAAP EPS was about -$0.88, so the income statement is still messy on a quarterly basis.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 2 — safer than 80% of stocks
- price stability 15 / 100
- long-term debt $565M (55% of capital)
B — risk rank looks solid but long-term debt needs watching.
Total return vs. market
Return history isn't available for TWI right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Q4 2025 revenue was ~$410M; GAAP EPS was about -$0.88 vs. a much tighter consensus loss.
FY 2025 revenue was ~$1.83B (down ~1% YoY). Q4 gross margin was ~10.9% per the Feb 26, 2026 release— costs and mix still dominate before operating leverage shows up.
~$410M
Q4 2025 revenue
-$0.88
GAAP EPS (Q4)
~10.9%
Q4 gross margin
the number that mattered
The GAAP loss on ~$410M Q4 revenue shows the turnaround is still quarterly-lumpy— watch gross margin and FY2026 guidance (~$1.85B–$1.95B) together.
source: Titan International Q4/FY 2025 results (PR Newswire, Feb 26, 2026)
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What could go wrong
the #1 risk is agricultural and construction equipment demand softening before margin recovery shows up.
med
End-market demand slips while Titan is still trying to repair margins
Agricultural wheels and tires are ~$0.81B, or ~45% of sales on this breakdown. Management said smaller equipment demand is holding up better than high-horsepower units— demand is uneven.
If farm and construction orders soften further, most of the revenue base feels it before the income statement gets any relief.
med
$565M of long-term debt leaves less room for operational mistakes
Debt equals 55% of capital. A B balance sheet is workable. It is not forgiving if the company keeps posting losses while trying to transform the business.
At 10.9% gross margin and 1.2% return on capital, a few weak quarters would make leverage feel heavier fast.
med
The turnaround thesis depends on execution from a new finance and transformation team
Titan appointed a new CFO and Chief Transformation Officer in December 2025. That creates accountability, but it also means investors are underwriting a process that has not proved itself yet.
If margins do not improve despite the leadership change, the market will treat the 2026 revenue target as noise.
med
One legal data point in the feed looks unresolved and thinly explained
The prior page referenced an active KEDM antitrust monitor event. The data here is too thin to weight heavily, so we are not building the whole risk case around it.
If that item proves material, it would add pressure. Right now the operating risks are clearer than the legal feed.
The combined risk picture is simple: ~45% of revenue sits in agricultural wheels & tires, debt is $565M, and Q4 gross margin near ~11% leaves little room for execution slips.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
Q1 2026 earnings report
Estimated for April 29, 2026. If revenue holds but gross margin stalls near 10.9%, you learned the core problem is still unresolved.
metric
gross margin above or below 11%
This is the number that matters. Titan can hit close to $2.0B of revenue and still disappoint you if margin never lifts.
trend
equipment mix in agricultural demand
Management said smaller equipment is holding up better than high-horsepower units. Watch whether that mix shift stabilizes sales or drags pricing and profit.
risk
whether the 2026 revenue target converts into earnings
Guidance points to as much as $1.95B in revenue. If EPS still stays underwater around that level, the market will stop waiting for the turnaround.
Analyst rankings
earnings predictability
20 / 100
in human-speak, analysts do not see a smooth earnings line here. you should expect surprises.
risk rank
2
this measure says the stock is safer than many peers on balance-sheet terms. the stock itself is still volatile, which is why price stability sits at 15 / 100.
source: institutional data
Institutional activity
institutional ownership data for TWI is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$10
current price
n/a
target midpoint · n/a from current
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