Titan International Inc
Titan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway industry in North America, Europe, CIS, Latin America, Asia, and internationally. It operates through Agricultural, Earthmoving/Construction, and Consumer segments. The company offers wheels, tires, and components for various agricultural equipm… Read more
Titan International Inc (TWI) - Net Assets
Latest net assets as of December 2025: $521.62 Million USD
Based on the latest financial reports, Titan International Inc (TWI) has net assets worth $521.62 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.67 Billion) and total liabilities ($1.15 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $521.62 Million |
| % of Total Assets | 31.18% |
| Annual Growth Rate | 13.47% |
| 5-Year Change | 129.61% |
| 10-Year Change | 79.91% |
| Growth Volatility | 155.39 |
Titan International Inc - Net Assets Trend (1991–2025)
This chart illustrates how Titan International Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Titan International Inc (1991–2025)
The table below shows the annual net assets of Titan International Inc from 1991 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $521.62 Million | +5.66% |
| 2024-12-31 | $493.66 Million | +5.61% |
| 2023-12-31 | $467.42 Million | +22.00% |
| 2022-12-31 | $383.14 Million | +68.66% |
| 2021-12-31 | $227.17 Million | +28.88% |
| 2020-12-31 | $176.26 Million | -26.25% |
| 2019-12-31 | $238.99 Million | -11.52% |
| 2018-12-31 | $270.10 Million | -12.90% |
| 2017-12-31 | $310.08 Million | +6.95% |
| 2016-12-31 | $289.93 Million | -15.88% |
| 2015-12-31 | $344.68 Million | -41.58% |
| 2014-12-31 | $590.06 Million | -26.06% |
| 2013-12-31 | $798.04 Million | +28.59% |
| 2012-12-31 | $620.61 Million | +56.37% |
| 2011-12-31 | $396.88 Million | +42.60% |
| 2010-12-31 | $278.31 Million | +6.25% |
| 2009-12-31 | $261.95 Million | -6.17% |
| 2008-12-31 | $279.19 Million | +2.45% |
| 2007-12-31 | $272.52 Million | +45.60% |
| 2006-12-31 | $187.18 Million | +11.54% |
| 2005-12-31 | $167.81 Million | +57.01% |
| 2004-12-31 | $106.88 Million | -4.53% |
| 2003-12-31 | $111.96 Million | -22.27% |
| 2002-12-31 | $144.03 Million | -22.53% |
| 2001-12-31 | $185.91 Million | -18.71% |
| 2000-12-31 | $228.71 Million | -0.09% |
| 1999-12-31 | $228.90 Million | -7.33% |
| 1998-12-31 | $247.00 Million | -0.44% |
| 1997-12-31 | $248.10 Million | -17.63% |
| 1996-12-31 | $301.20 Million | +39.51% |
| 1995-12-31 | $215.90 Million | +100.46% |
| 1994-12-31 | $107.70 Million | +61.47% |
| 1993-12-31 | $66.70 Million | +910.61% |
| 1992-12-31 | $6.60 Million | -7.04% |
| 1991-12-31 | $7.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Titan International Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 16661.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $100.57 Million | 19.55% |
| Other Comprehensive Income | $-209.03 Million | -40.64% |
| Other Components | $622.84 Million | 121.09% |
| Total Equity | $514.38 Million | 100.00% |
Titan International Inc Competitors by Market Cap
The table below lists competitors of Titan International Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Agriculture & Natural Solutions Acquisition Corporation Class A Ordinary Shares
NASDAQ:ANSC
|
$370.38 Million |
|
Yuhuan CNC Machine Tool Co Ltd
SHE:002903
|
$370.48 Million |
|
Shenzhen Lifotronic Technology Co
SHG:688389
|
$370.56 Million |
|
Beijing Winsunny Pharmaceutical CO.LTD
SHG:601089
|
$370.62 Million |
|
JSL Construction & Development Co Ltd
TW:2540
|
$370.33 Million |
|
HIT Welding Industry Co. Ltd.
SHE:301137
|
$370.13 Million |
|
Shanghai Dragonnet Tech
SHE:300245
|
$369.95 Million |
|
Gentrack Group Ltd
AU:GTK
|
$369.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Titan International Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 496,073,000 to 514,380,000, a change of 18,307,000 (3.7%).
- Net loss of 63,494,000 reduced equity.
- Other comprehensive income increased equity by 76,848,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-63.49 Million | -12.34% |
| Other Comprehensive Income | $76.85 Million | +14.94% |
| Other Changes | $4.95 Million | +0.96% |
| Total Change | $- | 3.69% |
Book Value vs Market Value Analysis
This analysis compares Titan International Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 54.85x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $0.13 | $7.18 | x |
| 1992-12-31 | $0.39 | $7.18 | x |
| 1993-12-31 | $3.38 | $7.18 | x |
| 1994-12-31 | $5.30 | $7.18 | x |
| 1995-12-31 | $6.82 | $7.18 | x |
| 1996-12-31 | $8.85 | $7.18 | x |
| 1997-12-31 | $8.70 | $7.18 | x |
| 1998-12-31 | $9.16 | $7.18 | x |
| 1999-12-31 | $8.82 | $7.18 | x |
| 2000-12-31 | $8.84 | $7.18 | x |
| 2001-12-31 | $7.20 | $7.18 | x |
| 2002-12-31 | $5.54 | $7.18 | x |
| 2003-12-31 | $4.27 | $7.18 | x |
| 2004-12-31 | $3.96 | $7.18 | x |
| 2005-12-31 | $7.34 | $7.18 | x |
| 2006-12-31 | $7.47 | $7.18 | x |
| 2007-12-31 | $8.49 | $7.18 | x |
| 2008-12-31 | $8.01 | $7.18 | x |
| 2009-12-31 | $7.55 | $7.18 | x |
| 2010-12-31 | $7.98 | $7.18 | x |
| 2011-12-31 | $7.47 | $7.18 | x |
| 2012-12-31 | $11.35 | $7.18 | x |
| 2013-12-31 | $13.41 | $7.18 | x |
| 2014-12-31 | $9.41 | $7.18 | x |
| 2015-12-31 | $6.42 | $7.18 | x |
| 2016-12-31 | $5.38 | $7.18 | x |
| 2017-12-31 | $5.41 | $7.18 | x |
| 2018-12-31 | $4.66 | $7.18 | x |
| 2019-12-31 | $3.91 | $7.18 | x |
| 2020-12-31 | $2.95 | $7.18 | x |
| 2021-12-31 | $3.66 | $7.18 | x |
| 2022-12-31 | $5.99 | $7.18 | x |
| 2023-12-31 | $7.42 | $7.18 | x |
| 2024-12-31 | $7.22 | $7.18 | x |
| 2025-12-31 | $8.07 | $7.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Titan International Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.47%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 3.25x
- Recent ROE (-12.34%) is below the historical average (-0.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | -50.70% | -3.60% | 1.49x | 9.44x | $-4.31 Million |
| 1992 | 53.03% | 3.09% | 1.63x | 10.50x | $2.84 Million |
| 1993 | 9.60% | 4.26% | 0.58x | 3.92x | $-270.00K |
| 1994 | 17.18% | 4.55% | 1.02x | 3.72x | $7.73 Million |
| 1995 | 17.60% | 6.10% | 1.22x | 2.37x | $16.41 Million |
| 1996 | 11.75% | 5.58% | 1.14x | 1.85x | $5.28 Million |
| 1997 | 10.12% | 3.64% | 1.18x | 2.36x | $290.00K |
| 1998 | 3.32% | 1.24% | 0.97x | 2.75x | $-16.50 Million |
| 1999 | -4.98% | -1.94% | 0.92x | 2.78x | $-34.29 Million |
| 2000 | 1.98% | 0.83% | 0.92x | 2.59x | $-18.35 Million |
| 2001 | -18.71% | -7.60% | 0.80x | 3.06x | $-53.38 Million |
| 2002 | -24.91% | -7.75% | 0.87x | 3.69x | $-50.28 Million |
| 2003 | -32.74% | -7.46% | 0.94x | 4.67x | $-47.85 Million |
| 2004 | 10.39% | 2.18% | 1.44x | 3.31x | $418.90K |
| 2005 | 6.58% | 2.35% | 1.07x | 2.63x | $-5.74 Million |
| 2006 | 2.75% | 0.76% | 1.16x | 3.13x | $-13.57 Million |
| 2007 | -2.66% | -0.87% | 1.42x | 2.17x | $-34.50 Million |
| 2008 | 4.78% | 1.29% | 1.58x | 2.35x | $-14.58 Million |
| 2009 | -9.41% | -3.39% | 0.99x | 2.81x | $-50.84 Million |
| 2010 | 0.13% | 0.04% | 1.12x | 2.83x | $-27.47 Million |
| 2011 | 14.65% | 3.91% | 1.47x | 2.55x | $18.46 Million |
| 2012 | 15.40% | 5.25% | 1.08x | 2.73x | $33.49 Million |
| 2013 | 4.41% | 1.63% | 1.19x | 2.28x | $-44.60 Million |
| 2014 | -15.98% | -4.24% | 1.27x | 2.97x | $-130.81 Million |
| 2015 | -21.94% | -5.42% | 1.09x | 3.70x | $-110.10 Million |
| 2016 | -11.72% | -2.69% | 1.00x | 4.36x | $-62.98 Million |
| 2017 | -18.71% | -4.09% | 1.14x | 4.02x | $-92.13 Million |
| 2018 | 5.76% | 1.00% | 1.28x | 4.48x | $-11.82 Million |
| 2019 | -20.62% | -3.34% | 1.30x | 4.74x | $-71.91 Million |
| 2020 | -33.69% | -4.80% | 1.22x | 5.76x | $-78.31 Million |
| 2021 | 21.62% | 2.79% | 1.51x | 5.16x | $26.66 Million |
| 2022 | 46.24% | 8.13% | 1.69x | 3.37x | $138.18 Million |
| 2023 | 16.86% | 4.32% | 1.41x | 2.76x | $32.05 Million |
| 2024 | -1.12% | -0.30% | 1.16x | 3.19x | $-55.17 Million |
| 2025 | -12.34% | -3.47% | 1.09x | 3.25x | $-114.93 Million |
Industry Comparison
This section compares Titan International Inc's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $405,749,501
- Average return on equity (ROE) among peers: 1.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Titan International Inc (TWI) | $521.62 Million | -50.70% | 2.21x | $370.35 Million |
| Aebi Schmidt Holding AG - Common Stock (AEBI) | $365.18 Million | 8.40% | 1.98x | $483.70 Million |
| AGCO Corporation (AGCO) | $3.10 Billion | 6.02% | 1.58x | $7.13 Billion |
| Agrify Corp (AGFY) | $-9.27 Million | 0.00% | 0.00x | $58.43 Million |
| Ag Growth International Inc (AGGZF) | $110.78 Million | 17.74% | 0.30x | $363.58 Million |
| Alamo Group Inc (ALG) | $106.91 Million | 3.85% | 0.51x | $1.99 Billion |
| AmeraMex International Inc (AMMX) | $-557.03K | 0.00% | 0.00x | $1.43 Million |
| Arts-Way Manufacturing Co Inc (ARTW) | $12.09 Million | 2.54% | 0.76x | $4.69 Million |
| Astec Industries Inc (ASTE) | $193.89 Million | -2.43% | 1.15x | $1.20 Billion |
| Austin Engineering Limited (AUSTF) | $119.42 Million | -41.40% | 1.27x | $116.99 Million |
| Buhler Industries Inc (BIIAF) | $63.76 Million | 20.96% | 1.45x | $1.51 Million |