Revenue contracted by 8.7% year-over-year in 2026Q1, while operating margins deteriorated to -4.6%, reflecting significant challenges in scaling costs against declining demand.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 17.91B | 18.28B | 18.88B | 20.07B | 20.8B | 17.48B | 12.32B | 14.74B | 15.47B | 15.38B | 15.16B | 16.44B | 18.14B | 19.54B | 20.99B | 22.77B | 18.83B | 16.3B | 19.49B | 19.64B | 18.75B | 18.1B | 18.35B | 15.1B | 13.86B | 14.16B | 14.42B | 13.36B | 13.08B | 13.07B | 12.99B |
| Revenue Growth % | -3.69% | -3.17% | -5.92% | -3.55% | 19.04% | 41.86% | -16.44% | -4.72% | 0.64% | 1.44% | -7.81% | -9.35% | -7.17% | -6.92% | -7.8% | 20.9% | 15.53% | -16.35% | -0.79% | 4.76% | 3.61% | -1.39% | 21.53% | 8.99% | -2.16% | -1.77% | 7.95% | 2.09% | 0.12% | 0.61% | -1.37% |
| Cost of Goods Sold | 11.4B | 14.91B | 15.18B | 16.56B | 16.95B | 13.69B | 10.34B | 11.6B | 11.96B | 11.68B | 10.94B | 12.16B | 13.91B | 15.42B | 17.16B | 18.82B | 15.45B | 13.68B | 16.14B | 15.91B | 15.74B | 14.54B | 14.8B | 12.48B | 11.31B | 11.69B | 11.01B | 10.25B | 9.7B | 9.56B | 9.55B |
| COGS % of Revenue | - | 81.56% | 80.39% | 82.51% | 81.49% | 78.34% | 83.9% | 78.68% | 77.29% | 75.96% | 72.14% | 73.98% | 76.67% | 78.93% | 81.76% | 82.67% | 82.05% | 83.9% | 82.82% | 81% | 83.92% | 80.31% | 80.62% | 82.64% | 81.6% | 82.51% | 76.35% | 76.75% | 74.18% | 73.18% | 73.53% |
| Gross Profit | 2.63B | 3.37B | 3.7B | 3.51B | 3.85B | 3.79B | 1.98B | 3.14B | 3.51B | 3.7B | 4.22B | 4.28B | 4.23B | 4.12B | 3.83B | 3.95B | 3.38B | 2.63B | 3.35B | 3.73B | 3.02B | 3.56B | 3.56B | 2.62B | 2.55B | 2.48B | 3.41B | 3.1B | 3.38B | 3.5B | 3.44B |
| Gross Margin % | 14.69% | 18.44% | 19.61% | 17.49% | 18.51% | 21.66% | 16.1% | 21.32% | 22.71% | 24.04% | 27.86% | 26.02% | 23.33% | 21.07% | 18.24% | 17.33% | 17.95% | 16.1% | 17.18% | 19% | 16.08% | 19.69% | 19.38% | 17.36% | 18.4% | 17.49% | 23.65% | 23.25% | 25.82% | 26.82% | 26.47% |
| Gross Profit Growth % | - | -8.94% | 5.5% | -8.9% | 1.74% | 90.83% | -36.88% | -10.56% | -4.95% | -12.46% | -1.31% | 1.11% | 2.77% | 7.55% | -2.96% | 16.75% | 28.76% | -21.62% | -10.29% | 23.81% | -15.38% | 0.17% | 35.71% | 2.82% | 2.9% | -27.36% | 9.83% | -8.07% | -3.6% | 1.95% | -2.01% |
| Operating Expenses | 2.83B | 2.72B | 2.78B | 2.81B | 2.8B | 2.7B | 2.19B | 2.32B | 2.31B | 2.28B | 2.41B | 2.61B | 2.72B | 2.76B | 2.72B | 2.82B | 2.63B | 2.63B | 2.6B | 2.76B | 2.86B | 2.64B | 2.73B | 2.37B | 2.2B | 2.22B | 2.87B | 2.6B | 2.39B | 2.34B | 2.31B |
| OpEx % of Revenue | - | 14.87% | 14.74% | 14.02% | 13.45% | 15.44% | 17.79% | 15.75% | 14.94% | 14.82% | 15.89% | 15.9% | 15% | 14.11% | 12.95% | 12.4% | 13.97% | 16.14% | 13.34% | 14.06% | 15.24% | 14.59% | 14.86% | 15.72% | 15.89% | 15.68% | 19.89% | 19.46% | 18.25% | 17.91% | 17.77% |
| Selling, General & Admin | 2.83B | 2.72B | 2.88B | 2.81B | 2.8B | 2.7B | 2.19B | 2.32B | 2.31B | 2.28B | 2.41B | 2.61B | 2.72B | 2.76B | 2.72B | 2.82B | 2.63B | 2.63B | 2.6B | 2.76B | 2.86B | 2.64B | 2.73B | 2.37B | 2.2B | 2.22B | 2.24B | 2.02B | 1.88B | 1.89B | 1.89B |
| SG&A % of Revenue | - | 14.87% | 15.26% | 14.02% | 13.45% | 15.44% | 17.79% | 15.75% | 14.94% | 14.82% | 15.89% | 15.9% | 15% | 14.11% | 12.95% | 12.4% | 13.97% | 16.14% | 13.34% | 14.06% | 15.24% | 14.59% | 14.86% | 15.72% | 15.89% | 15.68% | 15.52% | 15.1% | 14.38% | 14.44% | 14.53% |
| Research & Development | 0 | 0 | 426M | 461M | 501M | 473M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 2.26% | 2.3% | 2.41% | 2.71% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -525M | -461M | -501M | -473M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 630.3M | 581.7M | 505.9M | 453.9M | 419.9M |
| Operating Income | 292M | 652M | 920M | 695M | 1.05B | 1.09B | -208M | 820M | 1.2B | 1.42B | 1.81B | 1.67B | 1.51B | 1.36B | 1.11B | 1.12B | 750M | -6M | 749M | 971M | 158M | 922M | 829M | 247M | 346.7M | 256.7M | 542.5M | 506.4M | 990.3M | 1.16B | 1.13B |
| Operating Margin % | 1.63% | 3.57% | 4.87% | 3.46% | 5.07% | 6.22% | -1.69% | 5.56% | 7.77% | 9.22% | 11.97% | 10.13% | 8.34% | 6.96% | 5.29% | 4.94% | 3.98% | -0.04% | 3.84% | 4.94% | 0.84% | 5.09% | 4.52% | 1.64% | 2.5% | 1.81% | 3.76% | 3.79% | 7.57% | 8.9% | 8.7% |
| Operating Income Growth % | - | -29.13% | 32.37% | -34.06% | -3.04% | 622.6% | -125.37% | -31.78% | -15.23% | -21.83% | 8.95% | 10.12% | 11.18% | 22.41% | -1.16% | 49.87% | 12600% | -100.8% | -22.86% | 514.56% | -82.86% | 11.22% | 235.63% | -28.76% | 35.06% | -52.68% | 7.13% | -48.86% | -14.85% | 2.96% | -0.51% |
| EBITDA | 1.07B | 1.7B | 1.97B | 1.7B | 2.02B | 1.97B | 651M | 1.61B | 1.98B | 2.2B | 2.54B | 2.36B | 2.24B | 2.08B | 1.8B | 1.84B | 1.4B | 630M | 1.41B | 1.58B | 814M | 1.59B | 1.53B | 989M | 969.9M | 894.8M | 1.17B | 1.09B | 1.5B | 1.62B | 1.55B |
| EBITDA Margin % | 5.96% | 9.28% | 10.43% | 8.45% | 9.7% | 11.27% | 5.28% | 10.95% | 12.79% | 14.3% | 16.76% | 14.37% | 12.37% | 10.66% | 8.57% | 8.08% | 7.44% | 3.86% | 7.23% | 8.07% | 4.34% | 8.79% | 8.35% | 6.55% | 7% | 6.32% | 8.13% | 8.15% | 11.44% | 12.38% | 11.93% |
| EBITDA Growth % | -44.22% | -13.81% | 16.1% | -15.96% | 2.44% | 202.61% | -59.69% | -18.43% | -9.96% | -13.46% | 7.53% | 5.3% | 7.78% | 15.8% | -2.23% | 31.17% | 122.54% | -55.29% | -11.1% | 94.72% | -48.84% | 3.85% | 54.9% | 1.97% | 8.39% | -23.7% | 7.78% | -27.28% | -7.46% | 4.35% | -1.32% |
| D&A (Non-Cash Add-back) | 775M | 1.04B | 1.05B | 1B | 964M | 883M | 859M | 795M | 778M | 781M | 727M | 698M | 732M | 722M | 687M | 715M | 652M | 636M | 660M | 614M | 656M | 669M | 703M | 742M | 623.2M | 638.1M | 630.3M | 581.7M | 505.9M | 453.9M | 419.9M |
| EBIT | -123M | 312M | 677M | -145M | 850M | 900M | -816M | 517M | 1.33B | 1.21B | 1.58B | 1.05B | 1.13B | 1.21B | 797M | 948M | 324M | -46M | 506M | 914M | 158M | 922M | 829M | 247M | 346.7M | 256.7M | 542.5M | 506.4M | 990.3M | 1.16B | 1.13B |
| Net Interest Income | -408M | -445M | -530M | -448M | -417M | -315M | -336M | -348M | -303M | -322M | -452M | -501M | -477M | -407M | -340M | -403M | -400M | -294M | -252M | -322M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 17M | 0 | 54M | 84M | 34M | 72M | 14M | 26M | 54M | 13M | 15M | 22M | 28M | 41M | 17M | 16M | 11M | 17M | 68M | 128M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 425M | 445M | 584M | 532M | 451M | 387M | 350M | 374M | 357M | 335M | 467M | 523M | 505M | 448M | 357M | 330M | 316M | 311M | 320M | 450M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -736M | -785M | -765M | -1.37B | -655M | -574M | -932M | -643M | -191M | -540M | -607M | -1.06B | -825M | -547M | -671M | -506M | -742M | -351M | -563M | -507M | -471M | -565M | -506M | -937M | -365.7M | -594.6M | -483.7M | -206.3M | -59.9M | -419.7M | -318.1M |
| Pretax Income | -444M | -133M | 155M | -677M | 399M | 513M | -1.14B | 177M | 1.01B | 878M | 1.21B | 608M | 687M | 813M | 440M | 618M | 8M | -357M | 186M | 464M | -313M | 357M | 323M | -690M | -19M | -337.9M | 58.8M | 300.1M | 930.4M | 743.3M | 811.5M |
| Pretax Margin % | -2.48% | -0.73% | 0.82% | -3.37% | 1.92% | 2.94% | -9.25% | 1.2% | 6.53% | 5.71% | 7.96% | 3.7% | 3.79% | 4.16% | 2.1% | 2.71% | 0.04% | -2.19% | 0.95% | 2.36% | -1.67% | 1.97% | 1.76% | -4.57% | -0.14% | -2.39% | 0.41% | 2.25% | 7.11% | 5.69% | 6.25% |
| Income Tax | 1.62B | 1.57B | 95M | 10M | 190M | -267M | 110M | 474M | 303M | 513M | -77M | 232M | -1.83B | 138M | 203M | 201M | 172M | 7M | 209M | 255M | 60M | 233M | 208M | 117M | 1.23B | -83.8M | 18.5M | 56.9M | 258.2M | 220.9M | 253M |
| Effective Tax Rate % | -364.86% | -1178.2% | 61.29% | -1.48% | 47.62% | -52.05% | -9.65% | 267.8% | 29.97% | 58.43% | -6.38% | 38.16% | -266.96% | 16.97% | 46.14% | 32.52% | 2150% | -1.96% | 112.37% | 54.96% | -19.17% | 65.27% | 64.4% | -16.96% | -6462.63% | 24.8% | 31.46% | 18.96% | 27.75% | 29.72% | 31.18% |
| Net Income | -2.08B | -1.72B | 70M | -689M | 202M | 764M | -1.25B | -311M | 693M | 346M | 1.26B | 307M | 2.45B | 629M | 212M | 343M | -216M | -375M | -77M | 602M | -330M | 228M | 115M | -807M | -1.25B | -254.1M | 40.3M | 243.2M | 637.5M | 558.7M | 101.7M |
| Net Margin % | -11.63% | -9.41% | 0.37% | -3.43% | 0.97% | 4.37% | -10.18% | -2.11% | 4.48% | 2.25% | 8.34% | 1.87% | 13.52% | 3.22% | 1.01% | 1.51% | -1.15% | -2.3% | -0.4% | 3.06% | -1.76% | 1.26% | 0.63% | -5.34% | -9% | -1.79% | 0.28% | 1.82% | 4.87% | 4.28% | 0.78% |
| Net Income Growth % | -993.56% | -2558.57% | 110.16% | -441.09% | -73.56% | 160.93% | -303.22% | -144.88% | 100.29% | -72.63% | 311.73% | -87.48% | 289.83% | 196.7% | -38.19% | 258.8% | 42.4% | -387.01% | -112.79% | 282.42% | -244.74% | 98.26% | 114.25% | 35.28% | -390.71% | -730.52% | -83.43% | -61.85% | 14.1% | 449.36% | -83.36% |
| Net Income (Continuing) | -2.06B | -1.7B | 60M | -687M | 209M | 780M | -1.25B | -297M | 708M | 365M | 1.28B | 376M | 2.52B | 675M | 237M | 417M | -164M | -364M | -23M | 139M | -373M | 124M | 115M | -807M | -1.25B | -254.1M | 40.3M | 243.2M | 672.2M | 522.4M | 558.5M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 463M | 43M | 115M | 0 | 0 | 0 | 0 | 0 | 0 | -34.7M | 36.3M | -456.8M |
| Minority Interest | 0 | 170M | 150M | 169M | 166M | 185M | 181M | 194M | 206M | 247M | 218M | 222M | 235M | 262M | 255M | 268M | 861M | 251M | 850M | 1B | 877M | 791M | 846.1M | 825.7M | 740.2M | 787.6M | 844.9M | 891.2M | 259M | 256.2M | 241.3M |
| EPS (Diluted) | 2420.93 | -5.99 | 0.24 | -2.42 | 0.71 | 2.89 | -5.35 | -1.27 | 2.90 | 1.37 | 4.74 | 1.12 | 8.78 | 2.28 | 0.74 | 1.26 | -0.89 | -1.56 | -0.32 | 2.65 | -1.86 | 1.16 | 0.63 | -4.58 | -6.62 | -1.27 | 0.31 | 1.53 | 4.03 | 3.53 | 0.65 |
| EPS Growth % | -993.83% | -2595.83% | 109.92% | -440.85% | -75.43% | 154.02% | -321.26% | -143.79% | 111.68% | -71.1% | 323.21% | -87.24% | 285.09% | 208.11% | -41.27% | 241.57% | 42.95% | -387.5% | -112.08% | 242.47% | -260.34% | 84.13% | 113.76% | 30.82% | -421.26% | -509.68% | -79.74% | -62.03% | 14.16% | 443.08% | -83.83% |
| EPS (Basic) | - | -5.99 | 0.24 | -2.42 | 0.71 | 2.92 | -5.35 | -1.27 | 2.92 | 1.39 | 4.81 | 1.14 | 9.13 | 2.44 | 0.75 | 1.32 | -0.89 | -1.56 | -0.32 | 3.00 | -1.86 | 1.30 | 0.65 | -4.58 | -6.62 | -1.27 | 0.32 | 1.55 | 4.07 | 3.58 | 0.66 |
| Diluted Shares Outstanding | -860K | 290M | 288M | 285M | 286M | 264M | 234M | 233M | 239M | 253M | 266M | 273M | 279M | 277M | 247M | 271M | 242M | 241M | 241M | 232M | 177M | 208.73M | 192.26M | 175.05M | 166.92M | 159.81M | 130M | 158.94M | 158.19M | 158.27M | 156.46M |
| Basic Shares Outstanding | 288M | 288M | 287M | 285M | 284M | 261M | 234M | 233M | 237M | 249M | 263M | 269M | 268M | 246M | 245M | 244M | 242M | 241M | 241M | 201M | 177M | 176.11M | 175.38M | 175.05M | 166.92M | 159.81M | 125.94M | 156.18M | 156.63M | 156.06M | 154.09M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | 19.91% | 31.79% | 6.49% | 22.15% | 2.45% | 1.91% | - | - | - | - | - | 16.61% | - | 22.81% | - | - | - | - | 534.74% | 77.1% | 29.47% | 31.91% | 157.03% |
Persistent Margin Compression Risks
As indicated by the most recent quarterly filings, Goodyear's revenue has experienced a sustained decline, with the 2026Q1 figure of $3.9 billion representing an 8.7% year-over-year contraction, signaling significant headwinds in both volume and pricing power across its primary automotive replacement and original equipment markets.
The consistent negative growth trajectory suggests that the company is struggling to maintain market share in a competitive environment where consumer demand for replacement tires remains tepid. Investors should monitor whether this decline is a result of intentional portfolio rationalization under the Goodyear Forward plan or a broader loss of competitive relevance in the mid-tier segment.
Based on reported financial data, the company's gross margin profile has shown significant instability, oscillating from a high of 20.9% in 2025Q4 to a complete absence of reported gross profit in 2026Q1, highlighting the extreme sensitivity of the cost structure to operational disruptions and input price volatility.
The inability to maintain consistent gross margins suggests that Goodyear faces structural challenges in passing through inflationary costs to the end consumer. This volatility may indicate that the company's manufacturing footprint is not yet optimized to handle the current cyclical downturn, leaving profitability highly vulnerable to even minor fluctuations in raw material costs.
According to recent income statements, the company's operating income has deteriorated sharply, culminating in a $180 million operating loss in 2026Q1, which demonstrates that SG&A expenses are not scaling efficiently against the backdrop of declining top-line revenue and persistent, high-fixed-cost manufacturing requirements.
The failure to achieve positive operating income suggests that the current cost-cutting initiatives have yet to yield the necessary efficiency gains to offset the decline in gross profit. This lack of operating leverage warrants further investigation into whether the company's overhead structure is fundamentally misaligned with its current revenue scale.
As reported in financial statements, the company's net income has been characterized by extreme swings, including a $2.2 billion loss in 2025Q3 followed by a return to profitability, suggesting that non-operating items and restructuring charges are significantly distorting the underlying operational performance of the business.
The erratic nature of the bottom line implies that investors should look past headline EPS figures to understand the true cash-generating capability of the core business. The frequent appearance of large, non-recurring charges suggests that the company is in a state of perpetual transition, which complicates the assessment of sustainable earnings power.
Based on the provided data, the most significant challenge to the current investment thesis is the negative net margin of -9.41%, which suggests that the company's current business model may be fundamentally incapable of covering its interest and restructuring obligations without further capital intervention or divestitures.
Short-sellers would likely focus on the fact that the company is currently burning through capital while attempting to execute a complex transformation plan. This situation implies that the margin for error is extremely thin, and any further delay in the Goodyear Forward plan could lead to a liquidity crisis.
Quick answers to the most common questions about buying GT stock.
For fiscal year 2025, The Goodyear Tire & Rubber Company (GT) reported total revenue of $18.28B. This represents a 40.8% increase compared to $12.99B in 1996.
The Goodyear Tire & Rubber Company (GT) reported a net loss of $1.72B for the fiscal year ending 2025.
The Goodyear Tire & Rubber Company (GT) reported an operating income of $652.0M, resulting in an operating profit margin of 3.6%. This margin reflects the operational efficiency of the business before interest and taxes.
The Goodyear Tire & Rubber Company (GT) generated $3.37B in gross profit for the year, representing a gross profit margin of 18.4%. This demonstrates the company's core pricing power and production efficiency.