The Goodyear Tire & Rubber Company (GT) Income Statement

30Y historyFree accessUpdated daily

Revenue has declined for eight consecutive quarters, with 2026Q2 down 4.8% YoY to $4.2B, while gross margin fell to 16.0% from 20.6% in 2024Q2, indicating persistent pricing and cost pressures.

Annual statement

GT Income Statement

The Goodyear Tire & Rubber Company (GT) annual income statement — 30-year revenue, gross profit & net income history

Annual Quarterly

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	17.59B	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 %	-3.94%	-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	14.46B	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	3.12B	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 %	17.76%	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	2.91B	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	2.74B	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	2M	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	210M	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 %	1.19%	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	1.17B	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 %	6.67%	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 %	-26.46%	-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)	963M	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	37M	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	-399M	-408M	-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	16M	37M	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	415M	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	-598M	-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	-388M	-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 %	-2.21%	-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	206M	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 %	-53.09%	-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	-586M	-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 %	-3.33%	-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 %	66.51%	-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)	-594M	-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	160M	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)	-2.03	-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 %	66.61%	-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	289M	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	289M	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%

Key Metrics

Growth RegimeDecelerating

ProfitabilityWeak

Balance SheetStrained

Cash FlowMixed

Top Statement Risk

Persistent negative net margins

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q2)

Revenue Slide Continues

Revenue has declined for eight consecutive quarters, with 2026Q2 down 4.8% year-over-year to $4.2B, according to the latest income statement data, suggesting persistent volume or pricing pressures.

The consistent year-over-year declines, from -0.6% in 2025Q4 to -4.8% in 2026Q2, indicate a decelerating top line. This trend likely reflects weaker replacement demand and OE volumes, though the data does not separate volume from price. The absence of growth in any quarter over the past two years suggests structural headwinds rather than cyclical noise.

Gross Margin Squeeze

Gross margin fell to 16.0% in 2026Q2, down from 20.6% in 2024Q2, as reported in financial statements, indicating a persistent inability to offset input costs or mix shifts.

The 460 basis point decline in gross margin over eight quarters suggests that pricing power is insufficient to cover raw material inflation, or that product mix is deteriorating. The 2025Q4 spike to 20.9% appears anomalous, possibly due to one-time benefits, but the subsequent drop to 16.0% in 2026Q2 implies the underlying trend is negative. This margin compression is a core concern for profitability.

Operating Leverage Inverted

Operating income swung to -$51M in 2026Q2 from +$326M in 2025Q4, as per income statement data, showing that fixed costs are not being covered as revenue declines.

The operating margin of -1.2% in 2026Q2, versus +6.6% in 2025Q4, indicates that SG&A expenses have remained relatively stable (around $700M) while gross profit has shrunk. This suggests a high fixed-cost base that amplifies revenue declines into operating losses. The lack of SG&A reduction despite falling sales points to limited cost flexibility in the short term.

Impairments Distort Earnings

Net income swung to -$2.2B in 2025Q3, likely due to non-cash impairments, as reported in the income statement, while other quarters show small profits or losses, indicating volatile earnings quality.

The massive loss in 2025Q3, with EPS of -$7.62, is disproportionate to the operating loss of $78M, suggesting significant one-time charges. Excluding that quarter, net income has been marginally positive or negative, reflecting weak underlying profitability. The presence of stock-based compensation in some quarters but not others also complicates comparability, though the amounts are small.

SG&A Overhead Persists

SG&A expenses have remained near $700M per quarter despite revenue falling from $4.9B to $4.2B, as per income statement data, indicating limited cost discipline.

While COGS has declined proportionally with revenue, SG&A has stayed flat, causing operating leverage to work against the company. The 2026Q2 SG&A of $703M is higher than the gross profit of $681M, leading to an operating loss. This suggests that overhead reduction is lagging, and the 'Goodyear Forward' plan's cost savings are not yet visible in these figures.

Turnaround Hopes vs. Reality

Despite management's transformation plan, the 2026Q2 EPS miss of -$0.71 versus estimates, as per recent earnings data, suggests margin recovery is slower than expected.

The persistent negative net margins, even excluding the impairment quarter, indicate that the company is not generating sufficient earnings to cover interest and other costs. The high debt-to-equity ratio of 2.13x raises refinancing risks, and the lack of positive net income in most quarters could lead to covenant breaches. Investors should monitor whether the planned divestitures and cost cuts materialize quickly enough to offset these structural issues.

GT — Frequently Asked Questions

Quick answers to the most common questions about buying GT stock.

What was The Goodyear Tire & Rubber Company's (GT) revenue in 2025?

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.

Is The Goodyear Tire & Rubber Company (GT) profitable?

The Goodyear Tire & Rubber Company (GT) reported a net loss of $1.72B for the fiscal year ending 2025.

What is The Goodyear Tire & Rubber Company's operating profit margin?

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.

What is The Goodyear Tire & Rubber Company's gross profit and gross margin?

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.