Titan International is a deeply discounted small-cap farm and heavy-equipment maker with a 50.9% gap to the analyst target and a 3-for-3 earnings beat streak, but very weak quality (2.4/10) and a confirmed downtrend argue for caution.
Thesis pillars
- Very Weak Business Quality→Stable
- Large Gap To Analyst Target→Stable
- Earnings Beat Streak↑Improving
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Feb 26, 2026
Titan International, Inc. (DE) (TWI) Stock Analysis
Inst Constrain edge
Industrials · Farm & Heavy Construction Machinery
Sell if holding. Engine safety override at $6.62: Quality below floor (2.4 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10 and A.R:R 8.2:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality; Negative price momentum; Below long-term trend.
Titan International manufactures wheels, tires, and undercarriage systems for off-highway equipment across agricultural, earthmoving/construction, and consumer end markets, selling under brands including Titan Tire, Goodyear Farm Tire, Carlstar, and Voltyre-Prom. The company's... Read more
Sell if holding. Engine safety override at $6.62: Quality below floor (2.4 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10 and A.R:R 8.2:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality; Negative price momentum; Below long-term trend. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.4/10, moderate confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: speculative.
About Titan International, Inc. (DE)
About Titan International, Inc. (DE)
Titan International's ten largest customers, primarily original equipment manufacturers, accounted for 33% of the company's 2025 net sales, with Deere & Company alone representing 10%. The company manufactures wheels, tires, and undercarriage systems across three segments — agricultural, earthmoving/construction, and consumer — with international manufacturing operations in Latin America, Europe, and Asia contributing 18%, 24%, and 8% of 2025 net sales, respectively. Titan employed approximately 8,200 people worldwide as of December 31, 2025, including 5,300 outside the United States.
Titan earns revenue selling wheels, tires, and assembled wheel-and-tire units to OEM customers and, increasingly, to a less-cyclical, higher-margin tire aftermarket through independent distributors and dealers. The company differentiates through its proprietary Low Sidewall (LSW) tire technology and its combined wheel-and-tire manufacturing capability, competing against Bridgestone/Firestone, Michelin, Mitas, and Pirelli in tires, Accuride and Topy Industries in wheels, and Berco and Caterpillar in undercarriage systems. Titan's cost structure is exposed to steel, rubber, and carbon black input costs across its wheel-rolling, tire-curing, and undercarriage-forging processes, with roughly 32% of U.S. employees, concentrated at its Bryan, Ohio, Freeport, Illinois, and Des Moines, Iowa facilities, covered by a collective bargaining agreement renewed in January 2025 and expiring November 16, 2028.
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Titan's customer concentration has actually eased somewhat: its ten largest customers fell from 40% of net sales in 2023 to 33% in 2025, and Deere & Company's share slipped from 13% to 10% over the same period, though the 10-K still flags that the loss of a major OEM customer to work stoppages, financial difficulty, competitive pricing pressure, or in-house tire and wheel development could adversely affect results. That risk is compounded by continuing OEM pressure to cut input costs, since Titan's largest customers have both the scale to negotiate price concessions and, in some cases, the technical capacity to bring wheel and tire production in-house rather than continue outsourcing to Titan.
See also: Industrials · Farm & Heavy Construction Machinery
From Titan International, Inc. (DE)'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-10-29Recent Developments — Titan International, Inc. (DE)
Latest news
- NEWS Titan Intl Narrows FY2026 Sales Guidance from $1.850B-$1.950B to $1.850B-$1.870B vs $1.864B Est — benzinga Oct 29, 2026 neutral
- NEWS Titan Intl Sees Q4 Sales $410.000M-$430.000M vs $425.420M Est — benzinga Oct 29, 2026 negative
- NEWS Titan Intl Q3 Adj. EPS $(0.03) Beats $(0.05) Estimate, Sales $335.177M Miss $448.819M Estimate — benzinga Oct 29, 2026 neutral
- NEWS Titan International Inks Agreement To Sell Its Italtractor ITM Undercarriage Operations To USCO For $207M — benzinga Sep 21, 2026 positive
- NEWS Titan International Shares Halted, News Pending — benzinga Sep 21, 2026 neutral
Generated 2026-10-29T11:48:40Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerten largest customers33%10-K Item 1A: 'The Company's ten largest customers, which are primarily OEMs, accounted for 33%, 35%, and 40% of Titan's net sales for 2025, 2024, and 2023, respectively.'
- LOWCustomerDeere & Company10%10-K Item 1A: 'Net sales to Deere & Company represented 10%, 11%, and 13% of Titan's net sales for 2025, 2024, and 2023 respectively.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Unprofitable operations — net margin -4.1%. Quality floor flags this regardless of sector context.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $6.62: Quality below floor (2.4 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10 and A.R:R 8.2:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality; Negative price momentum; Below long-term trend. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $6.30. Score 5.4/10, moderate confidence.
Analyst target: $10.20 (+54.1% upside). Prior stop was $6.30. Stop-loss: $6.30.
Quality below floor (2.4 < 4.0).
Titan International, Inc. (DE) trades at a P/E of N/A (forward 22.8). TrendMatrix value score: 8.1/10. Verdict: Sell.
7 analysts cover TWI with a consensus score of 4.0/5. Average price target: $12.
What does Titan International, Inc. (DE) do?Titan International manufactures wheels, tires, and undercarriage systems for off-highway equipment across...
Titan International manufactures wheels, tires, and undercarriage systems for off-highway equipment across agricultural, earthmoving/construction, and consumer end markets, selling under brands including Titan Tire, Goodyear Farm Tire, Carlstar, and Voltyre-Prom. The company's ten largest customers, primarily OEMs such as Deere & Company, AGCO, CNH, and Caterpillar, accounted for 33% of 2025 net sales, with Deere alone representing 10%, while Titan employed approximately 8,200 people worldwide, including 5,300 outside the United States, as of December 31, 2025.