Titan International Inc (TWI)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	78,760	176,302	49,586	-60,388	-48,425
Revenue	US$ in thousands	1,780,190	2,134,020	1,762,710	1,231,990	1,420,630
Net profit margin		4.42%	8.26%	2.81%	-4.90%	-3.41%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $78,760K ÷ $1,780,190K
= 4.42%

The net profit margin of Titan International, Inc. has fluctuated over the past five years. In 2023, the net profit margin was 4.32%, showing a decrease compared to 2022 when it was 8.13%. Despite this drop, the net profit margin in 2023 remained above the levels observed in 2021 (2.79%), 2020 (-4.80%), and 2019 (-3.48%). The positive net profit margin indicates that the company generates profit after all expenses are deducted from its revenue. However, the downward trend from 2018 to 2020, followed by an improvement in 2021 and a subsequent decrease in 2023, suggests some volatility in the company's profitability over the years. Further analysis of the company's financial performance and cost management strategies may be necessary to understand the factors driving these changes in the net profit margin.