Titan International Inc (TWI)

Net profit margin

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (ttm) US$ in thousands 78,760 123,365 147,254 184,218 176,302 161,860 129,878 59,934 49,586 4,774 -19,056 -21,328 -60,388 -68,009 -74,510 -75,889 -48,426 -35,882 -14,443 417
Revenue (ttm) US$ in thousands 1,783,068 1,913,292 2,040,465 2,131,996 2,134,021 2,121,127 2,038,908 1,900,559 1,762,714 1,611,529 1,464,134 1,321,222 1,231,573 1,201,559 1,240,856 1,334,958 1,427,099 1,488,712 1,531,408 1,568,067
Net profit margin 4.42% 6.45% 7.22% 8.64% 8.26% 7.63% 6.37% 3.15% 2.81% 0.30% -1.30% -1.61% -4.90% -5.66% -6.00% -5.68% -3.39% -2.41% -0.94% 0.03%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $78,760K ÷ $1,783,068K
= 4.42%

The net profit margin of Titan International, Inc. has shown some fluctuations over the past eight quarters, ranging from 3.10% to 8.52%. In general, the company has maintained a positive net profit margin, indicating its ability to generate profits from its revenue.

A downward trend can be observed in the net profit margin from Q4 2022 to Q2 2023, decreasing from 8.13% to 7.11%. However, there was a slight improvement in Q3 2023 at 6.35%. Q4 2023 saw a further decline to 4.32%, which may raise concerns about the company's profitability efficiency in that particular period.

It is noteworthy that the net profit margin peaked in Q1 2023 at 8.52%, suggesting a strong performance during that quarter. Overall, while the company has demonstrated the ability to generate profits relative to its revenue, management may need to focus on sustaining or improving profit margins in the upcoming quarters to ensure long-term financial stability.


Peer comparison

Dec 31, 2023