TITAN INTERNATIONAL INC
TWI · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) · 64.4M shares · +1%/yr ↑ shares · EDGAR filings ↗
Reference price $8.95 · est. market cap ~$576M — last insider sale, 2026-03-04 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D52Leveraged, cyclical off-highway wheel/tire maker posting a loss year with thin margins and negative free cash flow.
Strengths
- Leading off-highway wheel/tire franchise with high barriers to entry and long-cycle deep cash runway (90th pct)
- Healthy liquidity — current ratio 2.3x (58th pct)
Risks
- Loss year: ROE -12% (33rd pct), ROA -3.8%, net margin -3.5%, negative FCF
- Elevated leverage (debt/equity 1.14, 81st pct) into a weak, tariff-exposed demand cycle
- Bottom-decile gross margin (11.9%) and declining revenue
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -3.5%)
- Cash burnNegative free cash flow (-24.6M)
- Strong balance sheetStrong balance sheet — $203M cash & investments, ~33 quarters of runway
- Insider sellingInsider selling — 2 open-market sale(s) by 1 insider(s) (~$54M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
13.9%
Operating margin
1.1%
Net margin
-3.5%
Return on equity
-12.3%
Return on assets
-3.8%
ROIC
1.5%
Revenue growth (QoQ)
23.1%
Debt / equity
1.1×
Net debt / EBITDA
4.4×
Current ratio
2.3×
Free cash flow
-$25M
EBITDA
$88M
Tangible book value
$474M
Cash & investments
$203M
Cash runway
33q
Stock comp / revenue
0.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-23 | RACHESKY MARK H MD | Grant | 25K | $7.28 |
| 2026-06-23 | CASHIN RICHARD M JR | Grant | 25K | — |
| 2026-06-23 | TAYLOR MAURICE M JR | Grant | 25K | — |
| 2026-06-23 | Guinn Max A | Grant | 25K | — |
| 2026-06-23 | SOAVE ANTHONY L | Grant | 25K | — |
| 2026-06-23 | Thompson Laura K | Grant | 12K | — |
| 2026-06-20 | NARANCICH MAX | Tax withheld | 1.5K | $7.54 |
| 2026-03-14 | Eheli Anthony | Tax withheld | 2.8K | $7.74 |
| 2026-03-14 | Reitz Paul G | Tax withheld | 13K | $7.74 |
| 2026-03-14 | Martin David A | Tax withheld | 6.2K | $7.74 |
| 2026-03-14 | Pach James M | Tax withheld | 1.1K | $7.74 |
| 2026-03-10 | Reitz Paul G | Grant | 80K | — |
| 2026-03-10 | NARANCICH MAX | Tax withheld | 2.8K | $8.54 |
| 2026-03-10 | Pach James M | Grant | 20K | — |
| 2026-03-10 | Pach James M | Tax withheld | 1.9K | $8.54 |
| 2026-03-10 | Reitz Paul G | Tax withheld | 24K | $8.54 |
| 2026-03-10 | Martin David A | Grant | 40K | — |
| 2026-03-10 | Martin David A | Tax withheld | 11K | $8.54 |
| 2026-03-10 | Eheli Anthony | Grant | 40K | — |
| 2026-03-10 | Eheli Anthony | Tax withheld | 6.0K | $8.54 |
| 2026-03-10 | NARANCICH MAX | Grant | 35K | — |
| 2026-03-04 | AIPCT Holdings LLC | Sell | 3.0M | $8.95 |
| 2026-03-04 | AIPCT Holdings LLC | Sell | 3.0M | $8.95 |
| 2026-02-09 | RACHESKY MARK H MD | Option exercise | 20K | $7.00 |
| 2025-08-14 | NARANCICH MAX | Buy | 3.5K | $8.56 |
| 2025-07-01 | CASHIN RICHARD M JR | Sell | 212K | $10.34 |
| 2025-06-30 | CASHIN RICHARD M JR | Sell | 64K | $10.31 |
| 2025-06-20 | NARANCICH MAX | Tax withheld | 1.5K | $9.32 |
| 2025-06-20 | Eheli Anthony | Sell | 25K | $9.24 |
| 2025-06-16 | Thompson Laura K | Grant | 9.9K | — |
| 2025-06-16 | Guinn Max A | Grant | 20K | — |
| 2025-06-16 | TAYLOR MAURICE M JR | Grant | 20K | — |
| 2025-06-16 | RACHESKY MARK H MD | Grant | 9.9K | — |
| 2025-06-16 | SOAVE ANTHONY L | Grant | 20K | — |
| 2025-06-16 | CASHIN RICHARD M JR | Grant | 20K | — |
| 2025-03-14 | Eheli Anthony | Tax withheld | 2.6K | $8.07 |
| 2025-03-14 | Martin David A | Tax withheld | 7.2K | $8.07 |
| 2025-03-14 | Reitz Paul G | Tax withheld | 14K | $8.07 |
| 2025-03-13 | Martin David A | Grant | 58K | — |
| 2025-03-13 | Martin David A | Tax withheld | 25K | $8.12 |
| 2025-03-13 | Reitz Paul G | Grant | 231K | — |
| 2025-03-13 | Reitz Paul G | Tax withheld | 107K | $8.12 |
| 2025-03-10 | Eheli Anthony | Tax withheld | 5.0K | $8.87 |
| 2025-03-10 | Eheli Anthony | Grant | 25K | — |
| 2025-03-10 | Martin David A | Tax withheld | 14K | $8.87 |
| 2025-03-10 | Martin David A | Grant | 45K | — |
| 2025-03-10 | Reitz Paul G | Tax withheld | 25K | $8.87 |
| 2025-03-10 | Reitz Paul G | Grant | 80K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-22 | 2026-06-18 | 0000899751-26-000045 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0000899751-26-000041 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0000899751-26-000043 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0000899751-26-000007 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0000899751-26-000009 ↗ |
| 8-K | 2026-02-12 | 2026-02-09 | 0000899751-26-000003 ↗ |
| 8-K | 2025-12-08 | 2025-12-03 | 0000899751-25-000091 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0000899751-25-000089 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0000899751-25-000087 ↗ |
| 8-K | 2025-08-01 | 2025-07-31 | 0000899751-25-000075 ↗ |
| 8-K | 2025-07-31 | 2025-07-31 | 0000899751-25-000072 ↗ |
| 10-Q | 2025-07-31 | 2025-06-30 | 0000899751-25-000070 ↗ |