TWI
Income statement / Annual
Last year (2023), Titan International, Inc.'s total revenue was $1.82 B,
a decrease of 16.02% from the previous year.
In 2023, Titan International, Inc.'s net income was $78.76 M.
See Titan International, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$1.82 B
|
$2.17 B
|
$1.78 B
|
$1.26 B
|
$1.45 B
|
$1.60 B
|
$1.47 B
|
$1.27 B
|
$1.39 B
|
$1.90 B
|
| Cost of Revenue |
$1.52 B |
$1.81 B |
$1.54 B |
$1.14 B |
$1.32 B |
$1.40 B |
$1.31 B |
$1.12 B |
$1.26 B |
$1.75 B |
| Gross Profit |
$305.85 M |
$360.71 M |
$237.54 M |
$114.32 M |
$129.00 M |
$198.27 M |
$158.28 M |
$142.48 M |
$137.81 M |
$140.64 M |
| Gross Profit Ratio |
0.17 |
0.17 |
0.13 |
0.09 |
0.09 |
0.12 |
0.11 |
0.11 |
0.1 |
0.07 |
| Research and Development
Expenses |
$12.54 M
|
$10.40 M
|
$10.10 M
|
$9.01 M
|
$9.86 M
|
$11.15 M
|
$10.30 M
|
$9.97 M
|
$11.16 M
|
$14.01 M
|
| General & Administrative
Expenses |
$131.64 M
|
$129.79 M
|
$129.07 M
|
$128.64 M
|
$134.00 M
|
$131.69 M
|
$146.78 M
|
$140.19 M
|
$10.53 M
|
$14.08 M
|
| Selling & Marketing
Expenses |
$3.30 M
|
$3.00 M
|
$2.70 M
|
$2.30 M
|
$3.70 M
|
$3.10 M
|
$3.90 M
|
$4.80 M
|
$129.86 M
|
$159.54 M
|
| Selling, General &
Administrative Expenses |
$134.94 M
|
$132.79 M
|
$131.77 M
|
$130.94 M
|
$137.70 M
|
$134.79 M
|
$150.68 M
|
$144.99 M
|
$140.39 M
|
$173.61 M
|
| Other Expenses |
$9.65 M |
$11.71 M |
$10.49 M |
$9.72 M |
$9.88 M |
$19.20 M |
$11.14 M |
$12.47 M |
$11.06 M |
-$18.06 M |
| Operating Expenses |
$157.12 M |
$154.91 M |
$152.37 M |
$149.67 M |
$157.44 M |
$156.02 M |
$171.46 M |
$163.82 M |
$162.09 M |
$201.70 M |
| Cost And Expenses |
$1.67 B |
$1.96 B |
$1.70 B |
$1.29 B |
$1.48 B |
$1.56 B |
$1.48 B |
$1.29 B |
$1.42 B |
$1.96 B |
| Interest Income |
$0.00 |
$29.80 M |
$32.22 M |
$30.55 M |
$1.13 M |
$2.11 M |
$3.36 M |
$3.21 M |
$2.67 M |
$3.04 M |
| Interest Expense |
$18.79 M |
$29.80 M |
$32.22 M |
$30.55 M |
$33.14 M |
$30.46 M |
$30.23 M |
$32.54 M |
$34.03 M |
$36.56 M |
| Depreciation &
Amortization |
$42.43 M
|
$41.90 M
|
$47.00 M
|
$53.60 M
|
$53.10 M
|
$56.20 M
|
$57.30 M
|
$58.00 M
|
$69.62 M
|
$88.70 M
|
| EBITDA |
$170.97 M
|
$274.05 M
|
$130.26 M
|
$26.02 M
|
$38.19 M
|
$106.46 M
|
$34.65 M
|
$54.07 M
|
$49.53 M
|
-$28.58 M
|
| EBITDA Ratio |
0.09 |
0.13 |
0.08 |
0.03 |
0.02 |
0.07 |
0.04 |
-0.01 |
-0.01 |
-0.04 |
| Operating Income Ratio
|
0.08
|
0.09
|
0.05
|
-0.01
|
-0.01
|
0.03
|
-0.01
|
-0.02
|
-0.02
|
-0.05
|
| Total Other
Income/Expenses Net |
-$38.98 M
|
-$3.45 M
|
-$34.14 M
|
-$47.80 M
|
-$19.61 M
|
-$22.44 M
|
-$39.69 M
|
-$14.07 M
|
-$27.73 M
|
-$54.62 M
|
| Income Before Tax |
$109.75 M |
$202.35 M |
$51.04 M |
-$58.13 M |
-$48.04 M |
$19.81 M |
-$52.88 M |
-$32.86 M |
-$52.01 M |
-$152.24 M |
| Income Before Tax Ratio
|
0.06
|
0.09
|
0.03
|
-0.05
|
-0.03
|
0.01
|
-0.04
|
-0.03
|
-0.04
|
-0.08
|
| Income Tax Expense |
$26.04 M |
$23.17 M |
$1.15 M |
$6.95 M |
$3.48 M |
$6.76 M |
$11.20 M |
$3.28 M |
$38.28 M |
-$21.82 M |
| Net Income |
$78.76 M |
$176.30 M |
$49.59 M |
-$65.08 M |
-$51.52 M |
$16.09 M |
-$60.04 M |
-$33.99 M |
-$75.63 M |
-$80.46 M |
| Net Income Ratio |
0.04 |
0.08 |
0.03 |
-0.05 |
-0.04 |
0.01 |
-0.04 |
-0.03 |
-0.05 |
-0.04 |
| EPS |
1.26 |
2.8 |
0.8 |
-1.07 |
-0.86 |
0.27 |
-1.01 |
-0.63 |
-1.41 |
-1.51 |
| EPS Diluted |
1.25 |
2.77 |
0.79 |
-1.07 |
-0.86 |
0.27 |
-1.01 |
-0.63 |
-1.41 |
-1.5 |
| Weighted Average Shares
Out |
$62.45 M
|
$63.04 M
|
$62.10 M
|
$60.82 M
|
$60.10 M
|
$59.82 M
|
$59.32 M
|
$53.92 M
|
$53.67 M
|
$53.39 M
|
| Weighted Average Shares
Out Diluted |
$62.96 M
|
$63.69 M
|
$62.69 M
|
$60.82 M
|
$60.10 M
|
$59.91 M
|
$59.34 M
|
$53.92 M
|
$53.70 M
|
$53.50 M
|
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