Titan International Inc (TWI)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -5,560 | -9,464 | 28,065 | 56,123 | 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 |
| Revenue (ttm) | US$ in thousands | 1,845,937 | 1,852,563 | 1,806,359 | 1,755,365 | 1,821,800 | 1,941,367 | 2,070,308 | 2,162,027 | 2,169,380 | 2,147,290 | 2,066,950 | 1,932,694 | 1,780,215 | 1,619,447 | 1,473,837 | 1,321,331 | 1,259,313 | 1,234,195 | 1,275,328 | 1,379,792 |
| Net profit margin | -0.30% | -0.51% | 1.55% | 3.20% | 4.32% | 6.35% | 7.11% | 8.52% | 8.13% | 7.54% | 6.28% | 3.10% | 2.79% | 0.29% | -1.29% | -1.61% | -4.80% | -5.51% | -5.84% | -5.50% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-5,560K ÷ $1,845,937K
= -0.30%
Titan International Inc's net profit margin has shown a fluctuating trend over the given period. Starting from negative margins in March 2020 (-5.50%) and June 2020 (-5.84%), the company gradually improved its profitability, reaching positive margins by September 2021 (0.29%). The trend continued upwards, with the net profit margin increasing to 8.13% by December 2022, indicating a strong performance.
However, in the subsequent periods, Titan International Inc experienced a slight decline in its net profit margin, possibly due to various factors impacting its profitability. By December 2024, the net profit margin decreased to -0.30%, highlighting a decrease in the company's profitability compared to the peak in December 2022.
Overall, Titan International Inc's net profit margin has demonstrated both positive and negative trends over the analyzed period, showcasing the company's ability to improve profitability but also facing challenges that impacted its bottom line. Monitoring and analyzing the net profit margin can provide insights into the company's financial health and performance.
Peer comparison
Dec 31, 2024