Titan International Inc (TWI)

Operating 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
Operating income (ttm)	US$ in thousands	39,380	77,115	101,283	124,859	148,727	168,911	192,427	239,852	229,424	212,847	185,256	115,652	85,175	45,011	15,303	-11,517	-35,351	-37,034	-42,842	-42,171
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
Operating profit margin		2.13%	4.16%	5.61%	7.11%	8.16%	8.70%	9.29%	11.09%	10.58%	9.91%	8.96%	5.98%	4.78%	2.78%	1.04%	-0.87%	-2.81%	-3.00%	-3.36%	-3.06%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $39,380K ÷ $1,845,937K
= 2.13%

The operating profit margin of Titan International Inc has shown a fluctuating trend over the past few years. Starting from negative figures in 2020, the company's performance gradually improved, reaching positive territory in 2021. The margin continued to increase steadily through 2022 and early 2023, peaking at 11.09% in March 2023. However, there was a slight decline in the following quarters, with the operating profit margin settling around 8% to 9% by mid-2023. In the later periods of 2024, the margin experienced a more substantial decrease, dropping to 2.13% by December 31, 2024. This downward trend indicates that Titan International Inc may be facing challenges in maintaining profitability levels in the most recent quarters.