TWI on NYSE

Titan Tire Corporation

American tire corporation

The Titan Tire Corporation is an American tire corporation formed in 1993 by Maurice M. Taylor Jr., then owner of Titan Wheel, purchased the Dyneer Corporation, manufacturer various off-road tires. Titan is one of the largest manufacturer of off-road tires in North America.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1990Founded1

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The Titan Tire Corporation is an American tire corporation formed in 1993 by Maurice M. Taylor Jr., then owner of Titan Wheel, purchased the Dyneer Corporation, manufacturer various off-road tires. Titan is one of the largest manufacturer of off-road tires in North America. It continued expanding its product offering and reach by purchasing the off-road tire assets of Pirelli Armstrong Tire Corporation in 1994. In 1997, Titan International split Titan Tire Corporation into a subsidiary of (NYSE: TWI).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

13.9%Gross margin5
1.1%Operating margin5
-3.5%Net margin5
-0.9%Revenue growth, 20255
-12.3%Return on equity5
1.14×Debt to equity5
-$24.6MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Wheels and Tires (including assemblies) brought in 76% of the revenue Titan Tire Corporation broke down this way in fiscal 2025.

  1. Wheels and Tires (including assemblies)$1.4B576%down 1% from 2024
  2. Undercarriage systems and components$436.3M524%down 0% from 2024
Products and services by year
Products and services202320242025
Wheels and Tires (including assemblies)$1.3B$1.4B$1.4B
Undercarriage systems and components$497.5M$436.9M$436.3M

Business segments

Agricultural brought in 41% of the revenue Titan Tire Corporation broke down this way in fiscal 2025.

  1. Agricultural$740.9M541%down 6% from 2024
  2. Earthmoving/construction$581.7M532%down 0% from 2024
  3. Consumer$505.8M528%up 7% from 2024
Business segments by year
Business segments202320242025
Agricultural$980.5M$788.6M$740.9M
Earthmoving/construction$687.8M$583.4M$581.7M
Consumer$153.5M$474.0M$505.8M

Regions

North America brought in 53% of the revenue Titan Tire Corporation broke down this way in fiscal 2025.

  1. North America$976.0M553%down 2% from 2024
  2. Europe$446.7M524%down 3% from 2024
  3. Latin America$324.0M518%up 11% from 2024
  4. Other Countries$81.8M54%down 15% from 2024
Regions by year
Regions202320242025
North America$819.8M$994.3M$976.0M
Europe$558.7M$462.2M$446.7M
Latin America$355.0M$292.8M$324.0M
Other Countries$88.4M$96.7M$81.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue85¢$1.6B
  • Research and development1¢$18.3M
  • Selling, general and admin11¢$203.3M
  • Income tax3¢$49.9M

Out of $1.8B in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending100¢$54.6M

Out of $30.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue67895$1.8B in 2025+26% since 2019
0$1.0B$2.0B$3.0B2019: $1.4B$1.4B20192020: $1.3B$1.3B2020−13%2021: $1.8B$1.8B2021+41%2022: $2.2B$2.2B2022+22%2023: $1.8B$1.8B2023−16%2024: $1.8B$1.8B2024+1%2025: $1.8B$1.8B2025−1%
Gross profit67895$253.5M in 2025+96% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $129.0M$129.0M20192020: $114.3M$114.3M2020−11%2021: $237.5M$237.5M2021+108%2022: $360.7M$360.7M2022+52%2023: $305.8M$305.8M2023−15%2024: $257.8M$257.8M2024−16%2025: $253.5M$253.5M2025−2%
Operating income67895$20.8M in 2025
-$100.0M0$100.0M$200.0M$300.0M2019: -$28.4M-$28.4M20192020: -$35.4M-$35.4M2020+24%2021: $85.2M$85.2M20212022: $205.8M$205.8M2022+142%2023: $148.7M$148.7M2023−28%2024: $33.2M$33.2M2024−78%2025: $20.8M$20.8M2025−37%
Net income67895-$63.5M in 2025+31% since 2019
-$100.0M0$100.0M$200.0M2019: -$48.4M-$48.4M20192020: -$60.4M-$60.4M2020+25%2021: $49.6M$49.6M20212022: $176.3M$176.3M2022+256%2023: $78.8M$78.8M2023−55%2024: -$5.6M-$5.6M20242025: -$63.5M-$63.5M2025+1042%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Net sales$1.8B$1.8B$1.8B
Cost of sales$1.6B$1.6B$1.5B
Gross profit$253.5M$257.8M$305.8M
Selling, general and administrative expenses$203.3M$191.8M$134.9M
Acquisition related expenses$0$6.2M$0
Research and development expenses$18.3M$16.5M$12.5M
Royalty expense$11.1M$10.1M$9.6M
Income from operations$20.8M$33.2M$148.7M
Interest expense-$38.7M-$36.4M-$29.2M
Interest income$10.7M$11.0M$10.4M
Foreign exchange loss-$5.0M-$6.1M-$22.8M
Other income$965.0K$6.6M$2.6M
(Loss) income before income taxes-$11.3M$8.3M$109.7M
Provision for income taxes$49.9M$11.9M$26.0M
Net (loss) income-$61.2M-$3.6M$83.7M
Net income attributable to noncontrolling interests$2.3M$2.0M$4.9M
Net (loss) income attributable to Titan and applicable to common shareholders-$63.5M-$5.6M$78.8M
Basic (in usd per share)-$1.00-$0.08$1.26
Diluted (in usd per share)-$1.00-$0.08$1.25
Basic (in shares)63.7M shares68.7M shares62.5M shares
Diluted (in shares)63.7M shares68.7M shares63.0M shares

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The story

Founded by Morry Taylor in 1990.1

Leadership

Who has led Titan Tire Corporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Maurice M. Taylor Jr.2006–2015
  2. Paul G. Reitz2017–now

Chair

  1. Maurice M. Taylor Jr.2006–2015

President

  1. Paul G. Reitz2014–now

Chief financial officer

  1. Paul G. Reitz2010–2013
  2. John R. Hrudicka2014–2016
  3. James M. Froisland2016–2017
  4. Amy S. Evans2018
  5. David A. Martin2018–2026
  6. Anthony Eheli2026–now

Chief operating officer

  1. Max Narancich2025–now
1995200020052010201520202025
Board members and other officers (24)

Timeline

  1. Jul 3, 2017New chief executive Paul G. Reitz becomes CEO13
  2. Jan 30, 2006New chief executive Maurice M. Taylor Jr. becomes CEO14
  3. 1990Founded Founded1

Filings

226 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 44 major events, 97 insider forms, 32 large holders, 33 other. The latest 20:

  1. Sep 25, 20268-K EDGAR
  2. Aug 11, 2026SCHEDULE 13G EDGAR
  3. Jul 30, 20268-K EDGAR
  4. Jul 30, 202610-Q EDGAR
  5. Jun 25, 20264 EDGAR
  6. Jun 25, 20264 EDGAR
  7. Jun 25, 20264 EDGAR
  8. Jun 25, 20264 EDGAR
  9. Jun 25, 20264 EDGAR
  10. Jun 25, 20264 EDGAR
  11. Jun 22, 20264 EDGAR
  12. Jun 22, 20268-K EDGAR
  13. May 14, 2026SCHEDULE 13G EDGAR
  14. May 6, 2026SCHEDULE 13G/A EDGAR
  15. Apr 30, 20268-K EDGAR
  16. Apr 30, 202610-Q EDGAR
  17. Apr 29, 2026ARS EDGAR
  18. Apr 29, 2026DEFA14A EDGAR
  19. Apr 29, 2026DEF 14A EDGAR
  20. Apr 16, 20264/A EDGAR

The 226 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Aip, LLC8,880,478$68.5M71.9%No change
Donald Smith & Co., Inc.5,309,428$40.9M0.7%+368,271
BlackRock, Inc.4,659,103$35.9M0.0%−2,495,317
Dimensional Fund Advisors LP3,299,956$25.4M0.0%−126,917
Vanguard Capital Management LLC2,599,707$20.0M0.0%+504,770
Renaissance Technologies LLC2,168,087$16.7M0.0%−309,032
Fishman Jay A Ltd/mi2,093,364$16.1M1.3%−29,320
Victory Capital Management Inc1,608,399$12.4M0.0%−73,539
First Eagle Investment Management, LLC1,561,278$12.0M0.0%+890,639
UBS Group AG1,469,496$11.3M0.0%+1,129,444
Royce & Associates LP1,428,798$11.0M0.1%+138,980
Geode Capital Management, LLC1,304,577$10.1M0.0%+108,937
State Street Corp1,062,857$8.2M0.0%−685,455
Two Sigma Investments, LP1,058,716$8.2M0.0%+253,397
Morgan Stanley1,012,417$7.8M0.0%+44,447
Charles Schwab Investment Management Inc981,894$7.6M0.0%−197,663
Goldman Sachs Group Inc890,355$6.9M0.0%+57,119
Staley Capital Advisers Inc798,447$6.2M0.2%No change
Jpmorgan Chase & Co670,186$5.3M0.0%+183,208
Bnp Paribas Financial Markets672,076$5.2M0.0%+233,653
American Century Companies Inc671,682$5.2M0.0%−408,795
D. E. Shaw & Co., Inc.637,101$4.9M0.0%New
Bank Of America Corp /de/570,272$4.4M0.0%+30,729
Tudor Investment Corp Et Al531,303$4.1M0.0%+462,903
Bridgeway Capital Management, LLC529,295$4.1M0.1%−11,877

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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