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TickerTWI
SectorAgricultural - Machinery
Mkt cap$509M
EV / EBITDA12.4×
PostureHigh Velocity
Composite70/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 899751

Titan International, Inc.

TWIHIGH VELOCITYFILING INTENSITY

Titan International, Inc. reads as High Velocity (composite 70/100); pressure / disclosure signals dominate the posture this cycle · primary market Machinery & Automation.

Lens

Disclosed M&A capital (2023–2025)

$456M

new

vs N/A in 2020–2022

Disclosed transactions

2

new

2/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$1.8B
EBITDA$87M
Enterprise value$1.1B
EV / Revenue0.6×
EV / EBITDA12.4×
P/EN/A
Cash$171M
Total debt$614M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

28/100

Companies actively deploying disclosed capital into M&A

  • $821M disclosed buyer spend

Buyer Cadence

19/100

Buyer-side companies with recent filing activity

  • Filed within 40d
  • 334 8-Ks

Target Probability

20/100

Issuers showing target-side patterns from filings

  • 28 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 28 activism filings

Pressure Watch

49/100

Issuers facing activism, governance, or control pressure

  • 28 activism filings
  • Latest activism 1.6y ago

Distress Watch

18/100

Issuers showing financial-distress filing patterns

  • 28 activism filings

Restatement Risk

55/100

Issuers with accounting-integrity flags from filings

  • 2 non-reliance 8-Ks
  • 4 auditor changes
  • Latest event 2.2y ago; discounted

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 334 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $1.1B
  • 10-Q 40d ago
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $312M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
20251$312M$312MN/A
20241$144M$144MN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Geographic Expansion
    25%
  • Horizontal Consolidation
    25%
  • Bolt On
    25%
  • Platform
    25%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • geographic_expansion
  • horizontal_consolidation
  • bolt_on
  • platform
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

These acquisitions have allowed Titan to achieve higher sales levels and enhance product offering in the Company’s target markets.

10-KFY2011

In October of 2012, the Company closed on the acquisition of Titan Europe Plc and, as a result, expanded its global footprint.

10-KFY2012

The 2013 acquisition of Voltyre-Prom expands Titan's footprint into the Commonwealth of Independent States (CIS) region.

10-KFY2013

In April 2011, the Company acquired the The Goodyear Tire & Rubber Company's Latin American farm tire business.

10-KFY2011

The Titan Europe acquisition allowed the Company to expand its global presence and expand its product line.

10-KFY2012
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Machinery & Automation

Market spend (2023–2025)
$92.5B
Market spend (2020–2022)
$69.9B
Recent vs prior
+32%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

12.4×EV / EBITDA

TWI trades at a -5.2-turn discount to the Machinery & Automation peer median of 17.6×.

EV / Revenue
0.6×
Net debt / EBITDA
5.1×
Peer median EV / EBITDA
17.6×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
24.3×7.2×0.3×$7.6B$3.3B
21.5×3.1×5.3×$4.3B$8.7B
17.6×5.0×1.1×$18.3B$9.1B
17.5×3.8×1.3×$8.3B$1.8B
15.8×3.1×-0.3×$6B$5.1B
13.8×5.5×3.1×$8.1B$8.1B
Titan International, Inc.TWI
12.4×0.6×5.1×$1.8B$456M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Machinery & Automation. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)272026-02-26
  • 10-Q (quarterly)962026-04-30
  • 8-K (event)3342026-04-30
  • Proxy / DEF 14A522026-04-29
  • Activism (13D / DFAN / PREC)282024-10-21

Signals on file

  • critical

    Non-reliance disclosure

    2015-11-06

    2 Item 4.02 filings on file; financial-statement non-reliance.

  • elevated

    Auditor change

    2024-03-19

    4 Item 4.01 filings on file; certifying accountant change.

  • elevated

    Activism on file

    2024-10-21

    28 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Titan International, Inc.: Issuer Brief | SE-Cluster