MEDIUMOutside partyCustomer
33%
ten largest customers
“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.'”
TWI · Concentration risk · 10-K extracted
Titan International, Inc. (DE) (TWI) concentration risks
Updated
The most significant concentration Titan International, Inc. (DE) discloses is ten largest customers at 33%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Titan International, Inc. (DE)’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
10%
Deere & Company
“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.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Titan International's disclosed concentration is customer-based and layered. The company's ten largest customers, primarily OEMs, accounted for 33% of net sales in 2025 (down from 35% and 40% in the prior two years), a share the filing discloses at a medium level. Within that broader customer base, Deere & Company alone represented 10% of net sales in 2025 (compared to 11% and 13% in the two prior years), a share disclosed at a low level. Both exposures are dependency-type rather than structural, reflecting reliance on specific OEM counterparties rather than an inherent feature of Titan's product mix or geography. Read together, the trend across both figures is one of gradually declining concentration: the ten-largest-customer share fell from 40% to 33% over three years, and Deere's individual share fell from 13% to 10% over the same period. Because Deere sits within, not alongside, the ten-largest-customer group, the two figures describe overlapping rather than additive risk. For investors, the net read is a customer base that remains meaningfully OEM-dependent but has become somewhat less concentrated over time, with no single named customer beyond Deere disclosed as individually significant.
For the engine’s reasoning on TWI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Farm & Heavy Construction Machinery
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BLBD | Blue Bird Corporation | 2 | 0 | 0 | 2 |
| AEBI | Aebi Schmidt Holding AG | 1 | 1 | 1 | 3 |
| TWI● | Titan International, Inc. (DE) | 0 | 1 | 1 | 2 |
| ALG | Alamo Group, Inc. | 0 | 1 | 0 | 1 |
| AGCO | AGCO Corporation | 0 | 0 | 0 | 0 |
| ASTE | Astec Industries, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.