Titan International, Inc. (DE) (TWI) is a Materials stock trading at $7.00 (as of 2026-09-18), with a market capitalization of $450.93M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Titan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers rims, wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment. The company also offers rims, wheels, tires, and undercarriage systems and components for off-the-road earthmoving, mining, military, construction, and forestry equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, backhoe loaders, crawler tractors, lattice cranes, shovels, and hydraulic excavators. In addition, it provides bias and light truck tires; and products for ATVs, turf, and golf cart applications, as well as specialty and train brakes. It sells its products directly to original equipment manufacturers, as well as to the aftermarket through independent distributors, equipment dealers, and own distribution centers. Titan International, Inc. was founded in 1890 and is headquartered in Quincy, Illinois.
Understand Titan International, Inc. (DE): how it makes money
Titan makes steel wheels, tires, and track undercarriage systems for tractors, combines, construction machines, and lawn/garden equipment, selling to OEMs during build cycles and into the aftermarket for replacements. Aftermarket replacement pull is the recurring anchor, while OEM volumes swing with agricultural and construction equipment purchase cycles.
Bull case
Aftermarket demand cushions the cycle: Management noted that aftermarket products provide recurring replacement demand across softer end markets, giving the revenue base a floor that purely OEM-exposed casters lack when equipment buy rates slow.
Consumer launches unlock new OEM growth: Management flagged that consumer product launches are generating OEM wins and supporting future growth, opening a sales channel that is less tied to the slow agricultural and construction build cycles.
Bear case
Farm weakness drags the ag segment: Agricultural sales and gross margin both declined as farm economics weakened, and management singled out Brazil as exposed to high rates, fertilizer costs, and excess inventories that could extend the downturn.
Guidance points to soft second half: Full-year sales are expected toward the lower half of guidance, suggesting the +5% YoY growth pace seen in Q2 revenue of $500M is not a reliable run-rate into the back half of the year.