Titan International Inc (TWI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 257,802 | 305,849 | 360,710 | 237,542 | 114,319 |
| Revenue | US$ in thousands | 1,845,940 | 1,821,800 | 2,169,380 | 1,780,220 | 1,259,310 |
| Gross profit margin | 13.97% | 16.79% | 16.63% | 13.34% | 9.08% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $257,802K ÷ $1,845,940K
= 13.97%
The gross profit margin of Titan International Inc has shown a positive trend over the years, increasing from 9.08% as of December 31, 2020, to 13.97% as of December 31, 2024. This indicates an improvement in the company's ability to generate profit from its core business activities. The peak gross profit margin of 16.79% as of December 31, 2023, reflects a significant growth in profitability during that period. However, a slight decrease in the gross profit margin to 13.34% as of December 31, 2021, followed by a subsequent decrease to 13.97% by the end of 2024, suggests some fluctuation in the company's profitability during these years. Overall, the increasing trend in the gross profit margin indicates that Titan International Inc has been more efficient in managing its production costs and pricing strategies, leading to higher margins over time.
Peer comparison
Dec 31, 2024