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Titan International (TWI) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Titan International (TWI) Q3 2026 earnings results →

Q3 2026 Revenue down 6% year over year to $335M · 13¢ of every $1 of revenue lost · operating margin -0.3%

Titan International made $335M in Q3 2026 (-6% Y/Y). Operating margin -0.3%, net loss $42.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$335M

Year over year-6%

Operating margin-0.3%

Net earnings−$42.5M

Operating cash flow$17.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $335.2M in Q3 2026, down 6% year over year and down 31% from the previous quarter.

Gross margin was 14.7%, down 1.0 points from Q3 2025. Operating costs exceeded revenue by $1.0M, an operating margin of -0.3%. Operating expenses fell 4% while revenue fell 6%. The fastest-growing cost line was Other operating costs (+20%). The quarter ended with a net loss of $42.5M, after a profit of $6.3M the previous quarter. Net interest and other expense of $41.3M was the main reason.

Operating cash flow was $17.1M (down 59% year over year). Non-cash charges added back $6.3M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $52.0M. Capital expenditures of −$773K left free cash flow of $17.9M.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Oct 29, 2026	$335M	-6%	-0.3%	−$42.5M	$17.1M
Q2 2026	10-Q	Jul 30, 2026	$485M	+5%	2.7%	$5.8M	$39.1M
Q1 2026	10-Q	Apr 30, 2026	$505M	+3%	-2.7%	−$24.2M	−$46.5M
Q4 2025	10-K	Feb 26, 2026	$410M	+7%	-2.7%	−$55.1M	$12.8M
Q3 2025	10-Q	Nov 6, 2025	$466M	+4%	2.1%	−$2.5M	$41.5M
Q2 2025	10-Q	Jul 31, 2025	$461M	-13%	2.2%	−$3.6M	$14.3M
Q1 2025	10-Q	Apr 30, 2025	$491M	+2%	2.4%	$22K	−$38.6M

Charts

Latest (Q3 2026): Y/Y -6%, Q/Q -31%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income −$42.5M, Operating cash flow $17.1M.

+4.8% since FY2020: more shares outstanding (issuance, stock pay).

Cash $203M, short-term investments —, long-term debt $588M at 2025-12-31.

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens); dot size is quarterly revenue; dashed lines are the industry's medians.