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Titan International
(NYSE:TWI)
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Rating:44Neutral
Price Target:
$7.00
▼(-2.64% Downside)
Action:Reiterated
Date:09/26/26
TWI scores low primarily due to deteriorated financial performance (losses, compressed margins, and near-zero TTM free cash flow) and an unfavorable technical setup (below key moving averages with negative MACD). Offsetting factors include a moderately positive earnings update (EBITDA beat, cash flow improvement, maintained full-year guidance) and a balance-sheet supportive divestiture intended to reduce debt.
Positive Factors
Consumer Segment Growth
Strong consumer growth and new OEM product rollouts broaden Titan’s end-market reach beyond agriculture. If these wins translate into recurring demand, they can improve business mix, support capacity utilization, and reduce reliance on weaker cyclical agricultural volumes over the next several quarters.
Negative Factors
Profitability and Margin Compression
Titan’s earnings power has deteriorated from prior profitable periods, with negative net income and weaker gross margins reducing internal funding capacity. Persistent margin pressure could limit debt repayment, constrain investment, and make results more vulnerable to further weakness in cyclical end markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Consumer Segment Growth
Strong consumer growth and new OEM product rollouts broaden Titan’s end-market reach beyond agriculture. If these wins translate into recurring demand, they can improve business mix, support capacity utilization, and reduce reliance on weaker cyclical agricultural volumes over the next several quarters.
Read all positive factors
Titan International (TWI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$456.31M
Dividend Yield1.2%
Average Volume (3M)565.68K
Price to Earnings (P/E)―
Beta (1Y)1.67
Revenue Growth4.69%
EPS Growth-281.71%
CountryUS
Employees8,200
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)-1.21
Shares Outstanding64,542,350
10 Day Avg. Volume504,760
30 Day Avg. Volume565,685
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$12.00Price Target Upside66.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.1
Revenue Forecast (FY)$1.87B
Titan International Business Overview & Revenue Model
Company Description
Based in Quincy, Illinois, Titan International, Inc., along with its various subsidiaries, is a prominent global manufacturer and distributor of specialized wheels, tires, and undercarriage systems. These essential components are engineered for of...
How the Company Makes Money
Titan International primarily makes money by selling specialty off-highway wheels, tires, and related assemblies/components through two main channels: (1) OEM sales, where Titan supplies wheels/tires/assemblies that are installed on new equipment ...
Titan International Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call highlights a resilient, diversified business that delivered sequential and year‑over‑year improvement in revenues, margins and cash generation, driven primarily by strong consumer performance, tariff refunds and operational improvements. However, notable headwinds persist in the Agricultural segment (including Brazil exposure), lingering tariff/raw material cost impacts, and management now anticipates full‑year sales skewing toward the lower half of guidance. Transformation/AI initiatives and continued deleveraging are constructive for medium‑term improvement.Positive Updates
Revenue and Adjusted EBITDA Performance
Q2 revenues of $484 million and adjusted EBITDA of $34 million; sales increased 5.2% year‑over‑year and adjusted EBITDA came in above the top end of guidance.
Negative Updates
Agricultural Segment Weakness
Agricultural segment sales declined 5% year‑over‑year; segment gross margin contracted to 11.4% from 14.6% a year ago (down ~3.2 percentage points) driven by lower farm incomes, elevated financing costs and weaker OEM activity.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue and Adjusted EBITDA Performance
Q2 revenues of $484 million and adjusted EBITDA of $34 million; sales increased 5.2% year‑over‑year and adjusted EBITDA came in above the top end of guidance.
Read all positive updates
Company Guidance
Management guided third‑quarter revenue of $440M–$460M and adjusted EBITDA of $27M–$33M, kept full‑year 2026 revenue guidance unchanged at $1.85B–$1.95B and adjusted EBITDA at $105M–$115M while warning FY sales will likely trend toward the lower half of that range (implying modest year‑over‑year growth); they expect Q3 tax expense of $4M–$5M and an additional $7M–$9M of net tariff refunds over the remainder of the year (roughly ~$6M in Q3 and the balance in Q4). For context, Q2 produced $484M of revenues, $34M of adjusted EBITDA, 15.5% gross margin, $26M free cash flow, $39M operating cash flow, $13M CapEx, net debt of $413M (down from $441M), $4.6M of net tariff reforms in the quarter, EMC gross margin ≈12.5%, Ag gross margin 11.4% (vs. 14.6% prior), and management expects transformation/AI initiatives to target up to $15M of operating improvements over three years with a ~$3M benefit targeted in 2027.Titan International Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
44
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.87B | 1.83B | 1.85B | 1.82B | 2.17B | 1.78B |
| Gross Profit | 255.38M | 242.35M | 257.80M | 305.85M | 360.71M | 237.54M |
| EBITDA | 54.49M | 94.52M | 105.40M | 170.97M | 274.05M | 130.26M |
| Net Income | -76.75M | -63.49M | -5.56M | 78.76M | 176.30M | 49.59M |
Balance Sheet | ||||||
| Total Assets | 1.72B | 1.67B | 1.58B | 1.29B | 1.28B | 1.18B |
| Cash, Cash Equivalents and Short-Term Investments | 179.78M | 202.88M | 195.97M | 220.25M | 159.58M | 98.11M |
| Total Debt | 713.79M | 710.79M | 683.46M | 437.26M | 451.88M | 502.48M |
| Total Liabilities | 1.21B | 1.15B | 1.09B | 821.83M | 901.49M | 955.51M |
| Stockholders Equity | 501.26M | 514.38M | 496.07M | 467.06M | 381.24M | 229.30M |
Cash Flow | ||||||
| Free Cash Flow | -8.57M | -24.59M | 75.86M | 118.55M | 113.70M | -28.08M |
| Operating Cash Flow | 46.93M | 30.03M | 141.49M | 179.35M | 160.68M | 10.73M |
| Investing Cash Flow | -59.80M | -59.65M | -201.60M | -56.92M | -36.75M | -37.60M |
| Financing Cash Flow | 7.29M | 17.45M | 64.55M | -56.02M | -61.31M | 13.95M |
Titan International Technical Analysis
Negative
7.19
Price Trends
7.31
Negative
7.41
Negative
8.01
Negative
Market Momentum
-0.03
Positive
45.94
Neutral
31.42
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 7.19 is below the 20-day moving average (MA) of 7.35, below the 50-day MA of 7.31, and below the 200-day MA of 8.01, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.94 is Neutral, neither overbought nor oversold. The STOCH value of 31.42 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 29 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $255.92M | 17.29 | 6.82% | ― | -6.39% | -1.99% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $798.41M | 39.54 | 2.92% | 0.44% | 8.86% | -55.83% | |
54 Neutral | $530.81M | -6.79 | -22.27% | 2.46% | -17.26% | 19.39% | |
54 Neutral | $555.31M | -4.72 | -25.53% | 4.68% | -11.14% | -614.21% | |
44 Neutral | $456.31M | -5.87 | -14.76% | 1.20% | 4.69% | -281.71% | |
44 Neutral | $485.79M | -1.53 | -27.20% | 1.66% | 55.23% | -1626.88% |
* Industrials Sector Average
TWI
Titan International
7.07
-0.60
-7.82%
CMCO
Columbus Mckinnon
16.83
2.63
18.56%
GENC
Gencor
17.46
3.17
22.18%
MTW
Manitowoc Company
22.14
12.24
123.64%
WNC
Wabash National
13.03
3.42
35.66%
HY
Hyster-Yale Materials Handling
30.97
-4.10
-11.70%
Titan International Corporate Events
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Titan International to Divest ITM Undercarriage Business
Positive
Sep 25, 2026
On September 21, 2026, Titan International’s subsidiaries agreed to sell all equity interests in Italtractor ITM, a global undercarriage designer and manufacturer, to Italy-based USCO S.p.A. for an initial $207 million in cash plus up to $6 ...
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.