The stock may react positively to the strong 2026 guidance and the recovery in the Earthmoving/Construction segment, but traders should monitor the resolution of the tax valuation allowance issue and the execution of the growth forecast in Q1.
Price Chart
Executive Summary
Titan International reported Q4 2025 revenue growth of 7% to $410.4 million and improved gross margin to 10.9%, driven by strong performance in its Earthmoving/Construction segment. However, the company recorded a $40 million non-cash deferred tax valuation allowance, resulting in a net loss. Management provided strong 2026 guidance, projecting Q1 revenue of $490-510 million and full-year revenue of $1.85-1.95 billion, indicating confidence in a rebound.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was $410.4 million, up 7% YoY, with gross margin improving to 10.9%.
- Adjusted EBITDA increased 18% to $11 million, but a $40 million non-cash tax valuation allowance led to a net loss.
- The Earthmoving/Construction segment was a standout, with revenue up 21% and gross margin expanding 3.4 percentage points.
- Management provided strong 2026 guidance, forecasting Q1 revenue of $490-510 million and full-year revenue of $1.85-1.95 billion.
- The company ended 2025 with $202.9 million in cash and $585.9 million in total debt, resulting in a net debt of $383.0 million.
Financial Impact
Revenue increased by $26.8 million YoY. The $40 million tax valuation allowance significantly impacted net income, but the core operating performance (Adjusted EBITDA) improved by $1.6 million.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Agricultural | $161.2M | +2.6% |
| EarthmovingConstruction | $140.7M | +21.0% |
| Consumer | $108.5M | -1.5% |
Risk Factors
- The $40 million non-cash tax valuation allowance indicates concerns about the company's ability to realize its deferred tax assets, which could signal underlying profitability issues.
- The guidance is forward-looking and depends on market conditions in the agricultural and construction sectors, which could be volatile.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000899751-26-000009 |
| Document: twi-20260226.htm | 0000899751-26-000009 |
| Document: 0000899751-26-000009-index-headers.html | 0000899751-26-000009 |
| Document: 0000899751-26-000009-index.html | 0000899751-26-000009 |
| Document: 0000899751-26-000009.txt | 0000899751-26-000009 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $6.69 | awaiting T+20 | — | $6.66 (−0.45%) |
Oct 16, 2026 11d ago | 8-K | $6.57 | awaiting T+20 | — | $6.66 (+1.37%) |
Sep 25, 2026 4w ago | 8-K | $7.00 $6.69 | ▼ −4.43% | ▼ −4.40% | $6.66 (−4.86%) |
Sep 21, 2026 5w ago | Press Release | $7.36 $6.57 | ▼ −10.73% | ▼ −9.83% | $6.66 (−9.51%) |
Jul 30, 2026 12w ago | Press Release | $7.36 $6.99 | ▼ −5.03% | ▼ −8.99% | $6.66 (−9.51%) |
Apr 29, 2026 25w ago | DEFA14A | $7.99 $7.23 | ▼ −9.51% | ▼ −14.97% | $6.66 (−16.65%) |
Feb 26, 2026 34w ago | 8-K | $9.90 $6.93 | ▼ −30.00% | ▼ −23.60% | $6.66 (−32.73%) |
US Market Status
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