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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. It continued expanding its product offering and reach by purchasing the off-road tire assets of Pirelli Armstrong Tire Corporation in 1994.3 It was founded by Morry Taylor.1 Its shares trade on NYSE under the symbol TWI.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 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 margin6
1.1%Operating margin6
-3.5%Net margin6
-0.9%Revenue growth, 20256
-12.3%Return on equity6
1.14×Debt to equity6
-$24.6MFree cash flow6

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)$1.4B676%down 1% from 2024
  2. Undercarriage systems and components$436.3M624%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$740.9M641%down 6% from 2024
  2. Earthmoving/construction$581.7M632%down 0% from 2024
  3. Consumer$505.8M628%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$976.0M653%down 2% from 2024
  2. Europe$446.7M624%down 3% from 2024
  3. Latin America$324.0M618%up 11% from 2024
  4. Other Countries$81.8M64%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.6 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.6

Financial statements

Revenue789106$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 profit789106$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 income789106$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 income789106-$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.6

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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Corporate structure

Titan Tire Corporation sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Titan Tire Corporation

  • DONALD SMITH & CO., INC. Filed SCHEDULE 13G on Titan Tire Corporation, latest Aug 11, 2026 (3 filings since Feb 11, 2026)
  • BlackRock Filed SCHEDULE 13G/A on Titan Tire Corporation, latest May 6, 2026 (9 filings since Jan 26, 2022)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Titan Tire Corporation, latest Mar 27, 2026 (6 filings since Feb 10, 2022)
  • AIPCT Holdings LLC Filed SCHEDULE 13D/A on Titan Tire Corporation, latest Mar 6, 2026 (2 filings since Feb 11, 2026)
  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G on Titan Tire Corporation, latest Oct 9, 2025 (4 filings since Feb 8, 2022)
  • Pacer Advisors, Inc. Filed SCHEDULE 13G/A on Titan Tire Corporation, latest May 2, 2025 (2 filings since May 2, 2025)
  • MHR FUND MANAGEMENT LLC Filed SC 13D/A on Titan Tire Corporation, latest Oct 21, 2024 (2 filings since May 14, 2024)
  • AIPCF V (Cayman), Ltd. Filed SC 13D on Titan Tire Corporation, latest Mar 7, 2024
  • RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on Titan Tire Corporation, latest Feb 13, 2024 (3 filings since Feb 11, 2022)
  • Titan Tire Corporation Quincy

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

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)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Carlstar Group, LLC Delaware4
  • ITM Latin America Industria De Pecas Para Tractores Ltda Brazil4
  • ITM Mining Pty Ltd Australia4
  • Intertractor America Corporation Delaware4
  • Italtractor ITM S.p.A. Italy4
  • Piezas Y Rodajes SA Spain4
  • Tennessee Custom Mixing Tennessee4
  • Titan Argentina S.R.L. Argentina4
  • Titan Asia Jant San. VE Tic A.S. Turkey4
  • Titan Europe Plc United Kingdom4
  • Titan France SAS France4
  • Titan ITM (Tianjin) Co Ltd China4
  • Titan ITM Holding S.p.A. Italy4
  • Titan Intertractor GMBH Germany4
  • Titan Investment Corporation Illinois4
  • Titan Italia Spa Italy4
  • Titan Luxembourg Holding SARL Luxembourg4
  • Titan Marketing Services, LLC Illinois4
  • Titan Pneus Do Brasil Ltda Brazil4
  • Titan Steel Wheels Ltd United Kingdom4
  • Titan Tire Corporation Illinois4
  • Titan Tire Corporation of Bryan Ohio4
  • Titan Tire Corporation of Freeport Illinois4
  • Titan Tire Holdings, Inc. Delaware4
All 29 listed subsidiaries
  • Titan Tire Marketing Services - Canada, Inc. Canada4
  • Titan Tire Reclamation Corporation Canada4
  • Titan Tire Russia B.V. Netherlands4
  • Titan Wheel Corporation of Illinois Illinois4
  • Voltyre-Prom Russian Federation4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 25, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure47
  2. Jul 30, 20268-K Results of operations48
  3. Jun 22, 20268-K Shareholder vote49
  4. Apr 30, 20268-K Results of operations50
  5. Feb 26, 20268-K Results of operations51
  6. Feb 12, 20268-K Executive or director change52
  7. Dec 8, 20258-K Executive or director change53
  8. Nov 6, 20258-K Results of operations54
  9. Aug 1, 20258-K Regulation FD disclosure55
  10. Jul 31, 20258-K Results of operations56
  11. Jun 13, 20258-K Shareholder vote57
  12. Apr 30, 20258-K Results of operations58
  13. Jul 3, 2017New chief executive Paul G. Reitz becomes CEO14
  14. Jan 30, 2006New chief executive Maurice M. Taylor Jr. becomes CEO15
  15. 1990Founded Founded1

Calendar

Coming up

  1. Oct 29, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.04 a share, on Nov 6, 2025.59

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results48
  2. Apr 30, 2026Reported quarterly or annual results50
  3. Feb 26, 2026Reported quarterly or annual results51
  4. Nov 6, 2025Reported quarterly or annual results54
  5. Jul 31, 2025Reported quarterly or annual results56
  6. Apr 30, 2025Reported quarterly or annual results58
  7. Feb 26, 2025Reported quarterly or annual results60
  8. Oct 30, 2024Reported quarterly or annual results61

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

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.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Paul G. Reitz$977.0K$2.4M71
2025David A. Martin$434.0K$1.2M71
2025Max Narancich$395.5K$1.0M71
2025Anthony C. Eheli$311.8K$642.9K71
2024President and Chief Executive Officer$959.0K$2.7M71
2024SVP and Chief Transformation Officer$426.0K$1.4M71
2024Chief Operating OfficerTitan Specialty$315.1K$742.2K71
2024SVP and Chief Financial Officer$300.0K$639.2K71
2023President and Chief Executive Officer$956.3K$3.2M71
2023SVP and Chief Transformation Officer$424.8K$1.6M71
2023SVP and Chief Financial Officer$299.2K$688.5K71

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.

SEC filer profile

How Titan Tire Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTITAN TIRE CORP2
  • CIK0001395144
  • Employer ID (EIN)42-14249452
  • Incorporated inIowa2
  • Fiscal year endsDecember 312
  • Business address2345 E Market Street, Des Moines, IA 503172
  • Mailing address2701 Spruce Street, Quincy, IL 623012
  • Phone217-228-60112
  • On EDGAR sinceApr 4, 20072
  • Filings22 in all: 424B3 (5), S-4/A (5), EFFECT (4), S-4 (4), UPLOAD (3), CORRESP (1)2

Sources

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