Titan International
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Titan International's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 16% to $1,821,800,000. Profit margin reached 4%. Total operating expenses were $157,122,000.
Profit Margin
| 2014 | 1.89B | -80.46M | -4.24% |
|---|---|---|---|
| 2015 | 1.39B | -75.63M | -5.42% |
| 2016 | 1.26B | -33.98M | -2.69% |
| 2017 | 1.46B | -60.04M | -4.09% |
| 2018 | 1.60B | 16.08M | 1% |
| 2019 | 1.44B | -51.51M | -3.56% |
| 2020 | 1.25B | -65.07M | -5.17% |
| 2021 | 1.78B | 49.58M | 2.79% |
| 2022 | 2.16B | 176.30M | 8.13% |
| 2023 | 1.82B | 78.76M | 4.32% |
TWI Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.82B | 2.16B | 1.78B | 1.25B | 1.44B | 1.60B | 1.46B | 1.26B | 1.39B | 1.89B |
Cost of revenue | 1.51B | 1.80B | 1.54B | 1.14B | 1.31B | 1.40B | 1.31B | 1.12B | 1.25B | 1.75B |
Gross profit | 305.84M | 360.71M | 237.54M | 114.31M | 129.00M | 198.26M | 158.27M | 142.48M | 137.80M | 140.64M |
Operating exp. | ||||||||||
Research and development | 12.53M | 10.40M | 10.10M | 9.01M | 9.85M | 11.14M | 10.30M | 9.97M | 11.16M | 14.00M |
Selling and marketing | 3.3M | 3M | 2.7M | 2.3M | 3.7M | 3.1M | 3.9M | 4.8M | 129.86M | 159.53M |
Total operating expenses | 157.12M | 154.90M | 152.36M | 149.67M | 157.43M | 156.02M | 171.46M | 163.81M | 162.08M | 201.69M |
Operating income | 148.72M | 205.80M | 85.17M | -16.55M | -18.90M | 42.24M | -13.18M | -21.33M | -24.27M | -97.62M |
Other income (expenses), net | -38.97M | -3.44M | -34.13M | -47.79M | -29.13M | 8.01M | -39.69M | 21.01M | -27.72M | -54.61M |
Income before tax | 109.74M | 202.35M | 51.04M | -58.13M | -48.04M | 19.80M | -52.87M | -32.85M | -52.00M | -152.24M |
Income tax expense | 26.04M | 23.16M | 1.14M | 6.94M | 3.47M | 6.76M | 11.20M | 3.28M | 38.28M | -21.81M |
Net income | 78.76M | 176.30M | 49.58M | -65.07M | -51.51M | 16.08M | -60.04M | -33.98M | -75.63M | -80.46M |
Earnings per share | ||||||||||
Basic EPS | 1.26 | 2.8 | 0.8 | -1.07 | -0.86 | 0.27 | -1.01 | -0.63 | -1.41 | -1.51 |
Diluted EPS | 1.25 | 2.77 | 0.79 | -1.07 | -0.86 | 0.27 | -1.01 | -0.63 | -1.41 | -1.5 |
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