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Titan International vs Ternium: revenue, profit, margins and growth compared

Titan International brought in $1.8B of revenue in fiscal 2025, Ternium $15.6B in fiscal 2025. Revenue changed by -0.9% at Titan International and -11.6% at Ternium on the year before, so Titan International grew faster. Titan International kept -3.5% of its revenue as net profit, Ternium 2.7%. Free cash flow was -$24.6M at Titan International and -$345.5M at Ternium.

Side by side, latest fiscal year

TWITX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.8B$15.6B
Revenue growth-0.9%-11.6%
Net income-$63.5M$425.2M
Net margin-3.5%2.7%
Free cash flow-$24.6M-$345.5M
Free cash flow margin-1.3%-2.2%
Earnings per share (diluted)-$1.00$0.22
Cash$202.9M$1.5B
Debt$587.9M$2.4B
Price to earningsn/an/a
Market value$456.3M$10.9B
Dividend yieldn/an/a
Rank by revenue in sector#227 of 451 · Industrials#41 of 451 · Industrials

Over the years

Revenue
TWI FY2018: $1.6BTWI FY2019: $1.4BTWI FY2020: $1.3BTWI FY2021: $1.8BTWI FY2022: $2.2BTWI FY2023: $1.8BTWI FY2024: $1.8BTWI FY2025: $1.8BTX FY2018: $11.5BTX FY2019: $10.2BTX FY2020: $8.7BTX FY2021: $16.1BTX FY2022: $16.4BTX FY2023: $17.6BTX FY2024: $17.6BTX FY2025: $15.6BFY18FY19FY20FY21FY22FY23FY24FY25
TWI $1.8BTX $15.6B
Net income
TWI FY2018: $16.1MTWI FY2019: -$48.4MTWI FY2020: -$60.4MTWI FY2021: $49.6MTWI FY2022: $176.3MTWI FY2023: $78.8MTWI FY2024: -$5.6MTWI FY2025: -$63.5MTX FY2018: $1.5BTX FY2019: $564.3MTX FY2020: $778.5MTX FY2021: $3.8BTX FY2022: $1.8BTX FY2023: $676MTX FY2024: -$53.7MTX FY2025: $425.2MFY18FY19FY20FY21FY22FY23FY24FY25
TWI -$63.5MTX $425.2M
Net margin
TWI FY2018: 1.0%TWI FY2019: -3.3%TWI FY2020: -4.8%TWI FY2021: 2.8%TWI FY2022: 8.1%TWI FY2023: 4.3%TWI FY2024: -0.3%TWI FY2025: -3.5%TX FY2018: 13.2%TX FY2019: 5.5%TX FY2020: 8.9%TX FY2021: 23.8%TX FY2022: 10.8%TX FY2023: 3.8%TX FY2024: -0.3%TX FY2025: 2.7%FY18FY19FY20FY21FY22FY23FY24FY25
TWI -3.5%TX 2.7%
Revenue growth
TWI FY2019: -9.6%TWI FY2020: -13.1%TWI FY2021: +41.4%TWI FY2022: +21.9%TWI FY2023: -16.0%TWI FY2024: +1.3%TWI FY2025: -0.9%TX FY2019: -11.0%TX FY2020: -14.3%TX FY2021: +84.2%TX FY2022: +2.0%TX FY2023: +7.3%TX FY2024: +0.2%TX FY2025: -11.6%FY19FY20FY21FY22FY23FY24FY25
TWI -0.9%TX -11.6%
Free cash flow
TWI FY2018: -$75.2MTWI FY2019: $9MTWI FY2020: $35.5MTWI FY2021: -$28.1MTWI FY2022: $113.7MTWI FY2023: $118.6MTWI FY2024: $75.9MTWI FY2025: -$24.6MTX FY2018: $1.2BTX FY2019: $595.4MTX FY2020: $1.2BTX FY2021: $2.2BTX FY2022: $2.2BTX FY2023: $1.3BTX FY2024: $85MTX FY2025: -$345.5MFY18FY19FY20FY21FY22FY23FY24FY25
TWI -$24.6MTX -$345.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Titan International and Ternium

Which is bigger by revenue, Titan International or Ternium?

Ternium is bigger by revenue: $15.6B in fiscal 2025, against $1.8B for Titan International in fiscal 2025.

Which keeps more of its revenue as profit, Titan International or Ternium?

Titan International had a net margin of -3.5% in fiscal 2025; Ternium had 2.7% in fiscal 2025.

Which grew revenue faster, Titan International or Ternium?

In their latest fiscal years revenue changed by -0.9% at Titan International and -11.6% at Ternium.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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