Titan International Inc (TWI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -5,560 | 78,760 | 176,302 | 49,586 | -65,077 |
| Revenue | US$ in thousands | 1,845,940 | 1,821,800 | 2,169,380 | 1,780,220 | 1,259,310 |
| Net profit margin | -0.30% | 4.32% | 8.13% | 2.79% | -5.17% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-5,560K ÷ $1,845,940K
= -0.30%
The net profit margin of Titan International Inc has exhibited fluctuations over the years. Starting at -5.17% on December 31, 2020, it improved significantly to 2.79% by December 31, 2021. Subsequently, there was a notable increase to 8.13% by December 31, 2022, indicating stronger profitability. However, there was a slight decline to 4.32% by December 31, 2023. The margin reached negative territory at -0.30% by December 31, 2024, suggesting declining profitability or potential operational challenges during that period. Overall, the trend in net profit margin demonstrates variability in Titan International Inc's ability to generate profits relative to its revenues over the specified time frame.
Peer comparison
Dec 31, 2024