Forensic Analysis · General / Diversified · as of Jun 27, 2026
TITAN INTERNATIONAL INC (TWI)
A forensic read on TITAN INTERNATIONAL INC built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
2.9
Altman Z-score
Clean
Earnings quality
5
Forensic signals
-16.2%
ROE
$516M
Market cap
TITAN INTERNATIONAL INC earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 2.9, placing it in the Safe zone. 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
2%Return on invested capital.Return on invested capital is 2% and slipping from 21% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
suspendedDividend — suspended.The dividend has been SUSPENDED — $603,000 paid in FY2020, then $0 in FY2022. A suspension is a major signal the board is conserving cash; the prior payment history doesn't offset it.
48d DSOReceivables vs revenue.Days sales outstanding moved from 42 to 48 days FY2024→FY2025 (receivables +13% vs revenue -1%). Receivables are creeping up relative to sales — watch the trend.
109dInventory days.Days inventory outstanding moved from 100 to 109 FY2024→FY2025 (against cost of goods sold; inventory +8% vs -1% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
+0.0%/yrShare-count dilution.Diluted share count changed +0% over the last 3 years to FY2025 (+0.0%/yr). Roughly flat — buybacks are about offsetting stock comp, not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
Key fundamentals
Net Margin-3.5%
Debt / Equity1.14x
Free Cash Flow$-24.6M
Latest Revenue$1.83B
Return on Equity-12.3%
Revenue Growth YoY-0.9%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on TITAN INTERNATIONAL INC:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about TWI's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown