Titan International Inc. (TWI) intrinsic value & 10-year financials
Titan International Inc. (TWI) has a Graham intrinsic value of $18.16 per share. At $6.64 on Oct 17, 2026, the stock trades 63% below that value. Over the last 10 fiscal years revenue grew 4.2% a year to $1.8B, with an average return on invested capital of 4.8%.
- Graham intrinsic value
- $18.16
- Share price (Oct 17, 2026)
- $6.64
- Price vs Graham value
- 63% below
- Market cap
- $423.1M
- Revenue (FY2025)
- $1.8B
- Revenue growth (10-yr CAGR)
- 4.2%
- ROIC (10-yr avg)
- 4.8%
- Free cash flow (FY2025)
- -$24.6M
TWI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.8B | -$63.5M | -$1.00 | -$24.6M | 1.1% | 2.4% |
| FY2024 | $1.8B | -$5.6M | -$0.08 | $75.9M | 1.8% | 2.2% |
| FY2023 | $1.8B | $78.8M | $1.25 | $118.6M | 8.2% | 14.9% |
| FY2022 | $2.2B | $176.3M | $2.77 | $113.7M | 9.5% | 25.2% |
| FY2021 | $1.8B | $49.6M | $0.79 | -$28.1M | 4.8% | 14.6% |
| FY2020 | $1.3B | -$60.4M | -$0.99 | $35.5M | -2.8% | -5.9% |
| FY2019 | $1.4B | -$48.4M | -$0.84 | $9.0M | -2.0% | -4.3% |
| FY2018 | $1.6B | $16.1M | $0.06 | -$75.2M | 2.6% | 4.6% |
| FY2017 | $1.5B | -$60.0M | -$1.12 | -$33.9M | -0.9% | -2.1% |
| FY2016 | $1.3B | -$34.0M | -$0.81 | $1.6M | -1.7% | -3.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TITAN INTERNATIONAL INC has demonstrated mature, steady growth, with revenue compounding at 4.2% annually over the past decade.
TITAN INTERNATIONAL INC has historically struggled to out-earn its cost of capital, averaging just 4.8% ROIC.
TITAN INTERNATIONAL INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TITAN INTERNATIONAL INC is modeled at 4.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $18.16 per share.