Titan International, Inc. (NYSE: TWI) reported fourth‑quarter 2025 results on February 26, 2026, with revenue of $410.4 million, up 7% from the $383.6 million reported in Q4 2024. Gross margin stood at 10.9%, a 0.2 percentage‑point increase from 10.7% in the prior year, and adjusted EBITDA reached $11 million, a 20% rise from $9.2 million in Q4 2024. The company beat consensus revenue estimates of $401.87 million and adjusted EBITDA expectations of $9.97 million, delivering a revenue beat of roughly $8.1 million (2.0%) and an adjusted EBITDA beat of $1.3 million (7.9%).
Segment results highlighted a 2.6% top‑line gain in the agricultural division, while the EMC segment drove a 21% revenue increase and a 3.4‑percentage‑point margin expansion. The consumer segment saw modest sales growth that was offset by a slight decline in overall consumer sales, keeping the segment’s contribution to total revenue relatively flat.
Full‑year 2025 revenue totaled $1.83 billion, slightly below the $1.85 billion figure reported in the original article, which actually represents the lower end of the company’s 2026 revenue guidance. Full‑year 2024 revenue was $1.83 billion, indicating a flat year‑over‑year result, while full‑year 2025 adjusted EBITDA of $11 million compared with $9.2 million in 2024 reflects the company’s ongoing margin improvement.
Management emphasized the strength of the Q4 performance. "We wrapped‑up 2025 with another positive quarter as our Q4 2025 results exceeded Q4 2024 in terms of revenue, gross margin and Adjusted EBITDA. Our EMC segment was a standout performer, with revenue growth of 21% and gross margin expansion of 3.4 percentage points. Importantly, we anticipate continued growth in this segment in 2026." – Paul Reitz, President and Chief Executive Officer. CFO Tony Eheli added, "We ended the year with a strong balance sheet and maintained a disciplined expense profile that drove improvements in margin and profitability, while allowing us to continue to invest in our product, people, and processes."
Looking ahead, Titan guided full‑year 2026 revenue of $1.85 billion to $1.95 billion and adjusted EBITDA of $105 million to $115 million. The company also projected Q1 2026 sales of $490 million to $510 million, reflecting confidence in a seasonal uptick driven by a recovering agricultural and earthmoving market. "Going into 2026 in Ag we expect demand for smaller equipment to outpace high‑horsepower units as farmers continue to contend with elevated input costs and weaker commodity prices," said Reitz. He added, "Focusing on 2026, OEMs and their dealer networks look to have generally reached the end of their finished goods destocking and we expect to see some benefit from that as a result. A resumption in demand would therefore flow through to demand for tires, wheels and other components."
The results underscore Titan’s disciplined cost management and the effectiveness of its "one‑stop shop" strategy, which has helped cushion the impact of cyclical OEM demand. The margin expansion in the EMC segment, driven by higher mix and operational efficiencies, signals a continued focus on high‑margin aftermarket products. While the company faces headwinds from elevated input costs and weaker commodity prices in the agricultural sector, the guidance suggests management remains optimistic about a market rebound, positioning Titan to capture upside as demand for smaller equipment and aftermarket components grows.
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