Titan International, Inc.
3.93 %
-15.3 %
Yet to be announced
Company Overview
Titan International, Inc. is a leading manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. The company primarily serves the agriculture, earthmoving/construction, and consumer markets. They produce both wheels and tires in various sizes for use in agricultural, construction, forestry, and mining equipment.
The company's main revenue streams come from manufacturing and selling wheels, tires, and wheel/tire assemblies for off-highway vehicles used in agriculture, earthmoving, construction, and mining applications.
Revenue Sources
PassBased on review of Titan International's financial statements and business operations, their revenue comes primarily from manufacturing and selling wheels, tires, and related components for off-highway vehicles. These are halal products that serve legitimate industrial purposes. There is no evidence of revenue from gambling, alcohol, tobacco, pork products, or other haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $490.71m | $488.44m | - | $9.54m | 0.00% | 1.95% |
| Dec. 31, 2024 | $383.57m | $415.33m | - | $14.74m | 0.00% | 3.55% |
| Sept. 30, 2024 | $447.99m | $454.18m | - | $9.01m | 0.00% | 1.98% |
| June 30, 2024 | $532.17m | $517.03m | - | $7.19m | 0.00% | 1.39% |
Looking at the last four quarters, Titan International had interest expenses ranging from $2.6M to $9M per quarter, while total expenses ranged from $372M to $454M per quarter. The ratio of interest expense to total expenses has remained consistently below 2.5% for all quarters analyzed.
Operational Ethics
PassBased on review of Titan International's operations and facilities, there is no evidence of material ongoing collaboration with the state of Israel or the Chinese Communist Party. The company's manufacturing facilities are primarily located in North America, South America, and Europe.
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