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Segments

By segment

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Consumer$18.67M-2.2%
Agriculture$13.49M+11.7%
Earthmoving/Construction$13.06M+18.5%

Other financials

Income statement

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Revenue$505.1M+2.9%
Gross profit$71.4M+4.1%
Operating income-$13.8M-217%
Net income-$24.2M-3,631%
EPS (diluted)-$0.38-3,700%

Balance sheet

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Cash & equivalents$171.3M-1.8%
Total debt$772.8M+7.1%
Total equity$494.9M-7.4%
Total assets$1.7B-0.4%

Cash flow

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Operating cash flow-$46.5M-20.6%
CapEx$13.3M-11.8%
Free cash flow-$59.8M-11.5%

Valuation

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Market cap$456.96M-13.0%
Enterprise value$1.06B-1.8%
P/S0.3×0.0×

Profitability

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Gross margin13.9%+0.5pp
Operating margin3.8%-4.9pp
Net margin-4.7%
FCF margin2.2%-3.0pp

Returns & leverage

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Return on equity-16.9%
Debt / equity1.6×+0.2×
Current ratio2.2×-0.1×

Where this comes from

Reported directly by Titan International in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The source filing: Titan International’s 10-Q, filed April 30, 2026.

Filed
Apr 29, 2026, 6:18 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000899751-26-000041
Line itemThree months ended / March 31, 20262025
Net sales$505,073$490,708
Cost of sales433,624422,064
Gross profit71,44968,644
Selling, general, and administrative expenses52,39849,855
Research and development expenses5,2844,544
Royalty expense2,4102,446
Restructuring and impairment expenses25,142
(Loss) income from operations(13,785)11,799

Item 1. Financial Statements (Unaudited)

FAQ

What is Titan International's SG&A?
Titan International (TWI) reported SG&A of $52.4M in Q1 2026.
How has Titan International's SG&A changed year-over-year?
Titan International's SG&A increased by 5.1% year-over-year, from $49.86M to $52.4M.
What is the long-term trend for Titan International's SG&A?
Over 4 years (2021 to 2025), Titan International's SG&A has grown at a 11.4% compound annual growth rate (CAGR), from $131.77M to $203.27M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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