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Titan International TWI Agriculture — Cost of Sales

Other segment segments

Earthmoving/Construction
$141.43M+10.1%
Consumer
$117.87M-2.1%

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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:CostOfGoodsAndServicesSold.

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 itemAgricultureEarthmoving/ConstructionConsumerTotal
Net sales$198,345$159,514$147,214$505,073
Cost of sales174,330141,425117,869433,624
Gross profit$24,015$18,089$29,345$71,449
Selling, general and administrative expenses13,48613,05618,67345,215
Research and development expenses1,4862,2591,0064,751
Royalty expense1,5503844762,410
Restructuring and impairment expenses25,14225,142
Segment profit (loss)$7,493$2,390$(15,952)$(6,069)

Item 1. Financial Statements (Unaudited)

FAQ

What is Titan International's agriculture — cost of sales?
Titan International (TWI) reported agriculture — cost of sales of $174.33M in Q1 2026.
How has Titan International's agriculture — cost of sales changed year-over-year?
Titan International's agriculture — cost of sales increased by 0.6% year-over-year, from $173.26M to $174.33M.
What is the long-term trend for Titan International's agriculture — cost of sales?
Over 3 years (2022 to 2025), Titan International's agriculture — cost of sales has grown at a -13.4% compound annual growth rate (CAGR), from $998.65M to $648.21M.
What does agriculture — cost of sales mean?
Includes the direct costs attributable to the production of goods sold within the Agriculture segment, such as raw materials and direct labor. Monitoring this helps evaluate the direct production efficiency and cost management of the segment's core offerings.

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