NASDAQ : GT
The Goodyear Tire & Rubber Company — Financial statements
Consumer Discretionary · Auto Parts · United States
Last price 4.43 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.28B
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Financial statements
The Goodyear Tire & Rubber Company (GT) reported revenue of 17.69B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 17.69B | 18.28B | 18.88B | 20.07B | 20.80B | 17.48B |
| Cost of Revenue | 14.49B | 14.91B | 15.31B | 16.59B | 16.95B | 13.58B |
| Gross Profit | 3.20B | 3.37B | 3.57B | 3.48B | 3.85B | 3.90B |
| Selling, General & Admin | 3.03B | 3.01B | 2.88B | 2.96B | 2.98B | 2.79B |
| Operating Expenses | 3.03B | 3.01B | 2.88B | 2.96B | 2.98B | 2.79B |
| Operating Income | 167.00M | 361.00M | 690.00M | 519.00M | 876.00M | 1.10B |
| Interest Expense | -418.00M | -445.00M | -522.00M | -532.00M | -451.00M | -387.00M |
| Interest & Investment Income | 36.00M | 37.00M | 54.00M | 84.00M | 34.00M | 24.00M |
| Currency Exchange Gain (Loss) | -8.00M | -14.00M | -18.00M | -106.00M | -12.00M | -29.00M |
| Other Non Operating Income (Expenses) | -817.00M | -831.00M | -161.00M | -170.00M | -36.00M | -25.00M |
| EBT Excluding Unusual Items | -1.04B | -892.00M | 43.00M | -205.00M | 411.00M | 688.00M |
| Merger & Restructuring Charges | -187.00M | -194.00M | -86.00M | -502.00M | -129.00M | -253.00M |
| Impairment of Goodwill | -674.00M | -674.00M | -230.00M | |||
| Gain (Loss) on Sale of Assets | 951.00M | 1.63B | 186.00M | 208.00M | 122.00M | 20.00M |
| Asset Writedown | -125.00M | |||||
| Legal Settlements | -10.00M | -5.00M | -3.00M | 8.00M | -5.00M | 48.00M |
| Other Unusual Items | 50.00M | -3.00M | ||||
| Pretax Income | -910.00M | -133.00M | 130.00M | -721.00M | 399.00M | 513.00M |
| Income Tax Expense | 1.64B | 1.57B | 95.00M | 10.00M | 190.00M | -267.00M |
| Earnings From Continuing Operations | -2.55B | -1.70B | 35.00M | -731.00M | 209.00M | 780.00M |
| Minority Interest in Earnings | 9.00M | -21.00M | 11.00M | 2.00M | -7.00M | -16.00M |
| Net Income | -2.54B | -1.72B | 46.00M | -729.00M | 202.00M | 764.00M |
| Net Income to Common | -2.54B | -1.72B | 46.00M | -729.00M | 202.00M | 764.00M |
| Shares Outstanding (Basic) | 289.00M | 288.00M | 287.00M | 285.00M | 284.00M | 261.00M |
| Shares Outstanding (Diluted) | 289.00M | 288.00M | 288.00M | 285.00M | 286.00M | 264.00M |
| EPS (Basic) | -8.80 | -5.98 | 0.16 | -2.56 | 0.71 | 2.93 |
| EPS (Diluted) | -8.81 | -5.99 | 0.16 | -2.56 | 0.71 | 2.89 |
| Free Cash Flow | 192.00M | -30.00M | -490.00M | -18.00M | -540.00M | 81.00M |
| Free Cash Flow Per Share | 0.66 | -0.10 | -1.70 | -0.06 | -1.89 | 0.31 |
| Gross Margin | 18.08% | 18.44% | 18.92% | 17.35% | 18.52% | 22.29% |
| Operating Margin | 0.94% | 1.98% | 3.65% | 2.59% | 4.21% | 6.32% |
| Profit Margin | -14.37% | -9.41% | 0.24% | -3.63% | 0.97% | 4.37% |
| Free Cash Flow Margin | 1.08% | -0.16% | -2.60% | -0.09% | -2.60% | 0.46% |
| EBITDA | 982.00M | 1.25B | 1.59B | 1.48B | 1.81B | 1.99B |
| EBITDA Margin | 5.55% | 6.82% | 8.44% | 7.40% | 8.70% | 11.37% |
| D&A For EBITDA | 815.00M | 885.00M | 903.00M | 965.00M | 934.00M | 882.00M |
| EBIT | 167.00M | 361.00M | 690.00M | 519.00M | 876.00M | 1.10B |
| EBIT Margin | 0.94% | 1.98% | 3.65% | 2.59% | 4.21% | 6.32% |
| Effective Tax Rate | 73.08% | 47.62% | ||||
| Advertising Expenses | 362.00M | 327.00M | 364.00M | 375.00M | 382.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 861.00M | 801.00M | 810.00M | 902.00M | 1.23B | 1.09B |
| Cash & Short-Term Investments | 861.00M | 801.00M | 810.00M | 902.00M | 1.23B | 1.09B |
| Accounts Receivable | 2.68B | 2.32B | 2.44B | 2.72B | 2.59B | 2.38B |
| Other Receivables | 10.00M | 10.00M | 11.00M | 10.00M | 11.00M | |
| Receivables | 2.69B | 2.33B | 2.45B | 2.73B | 2.60B | 2.38B |
| Inventory | 3.92B | 3.57B | 3.55B | 3.70B | 4.57B | 3.59B |
| Prepaid Expenses | 303.00M | 337.00M | 223.00M | 236.00M | 183.00M | 200.00M |
| Restricted Cash | 104.00M | 109.00M | 54.00M | 83.00M | 74.00M | 62.00M |
| Other Current Assets | 40.00M | 67.00M | 494.00M | 2.00M | 5.00M | 10.00M |
| Total Current Assets | 7.91B | 7.22B | 7.59B | 7.65B | 8.66B | 7.33B |
| Property, Plant & Equipment | 8.57B | 8.84B | 9.03B | 9.48B | 9.27B | 9.33B |
| Long-Term Investments | 33.00M | 44.00M | 110.00M | 22.00M | 60.00M | 72.00M |
| Goodwill | 44.00M | 42.00M | 756.00M | 781.00M | 1.01B | 1.00B |
| Other Intangible Assets | 651.00M | 663.00M | 805.00M | 969.00M | 1.00B | 1.04B |
| Long-Term Deferred Tax Assets | 352.00M | 348.00M | 1.69B | 1.63B | 1.44B | 1.60B |
| Other Long-Term Assets | 1.09B | 1.05B | 942.00M | 957.00M | 958.00M | 1.03B |
| Total Assets | 18.65B | 18.21B | 20.92B | 21.58B | 22.43B | 21.40B |
| Accounts Payable | 3.88B | 3.88B | 4.09B | 4.33B | 4.80B | 4.15B |
| Accrued Expenses | 597.00M | 600.00M | 630.00M | 690.00M | 663.00M | 710.00M |
| Short-Term Debt | 359.00M | 506.00M | 558.00M | 344.00M | 395.00M | 406.00M |
| Current Portion of Long-Term Debt | 1.06B | 353.00M | 822.00M | 439.00M | 220.00M | 325.00M |
| Current Portion of Leases | 191.00M | 207.00M | 210.00M | 210.00M | 207.00M | 222.00M |
| Current Unearned Revenue | 33.00M | 34.00M | 13.00M | 18.00M | 19.00M | 23.00M |
| Other Current Liabilities | 1.16B | 1.20B | 1.05B | 1.12B | 833.00M | 778.00M |
| Total Current Liabilities | 7.28B | 6.78B | 7.38B | 7.15B | 7.14B | 6.61B |
| Long-Term Debt | 5.52B | 5.08B | 6.14B | 6.57B | 7.02B | 6.41B |
| Long-Term Leases | 1.09B | 1.11B | 1.05B | 1.08B | 1.07B | 1.06B |
| Long-Term Unearned Revenue | 64.00M | 76.00M | 6.00M | 10.00M | 15.00M | 21.00M |
| Pension & Post-Retirement Benefits | 623.00M | 607.00M | 772.00M | 759.00M | 1.15B | |
| Long-Term Deferred Tax Liabilities | 102.00M | 105.00M | 108.00M | 83.00M | 134.00M | 135.00M |
| Other Long-Term Liabilities | 1.60B | 1.03B | 804.00M | 1.08B | 829.00M | 833.00M |
| Total Liabilities | 15.65B | 14.80B | 16.10B | 16.75B | 16.96B | 16.22B |
| Common Stock | 288.00M | 286.00M | 285.00M | 284.00M | 283.00M | 282.00M |
| Additional Paid-In Capital | 3.18B | 3.17B | 3.16B | 3.13B | 3.12B | 3.11B |
| Retained Earnings | 2.91B | 3.36B | 5.08B | 5.09B | 5.78B | 5.57B |
| Comprehensive Income & Other | -3.53B | -3.59B | -3.84B | -3.83B | -3.88B | -3.96B |
| Total Common Equity | 2.84B | 3.23B | 4.68B | 4.67B | 5.30B | 5.00B |
| Minority Interest | 162.00M | 170.00M | 142.00M | 169.00M | 166.00M | 185.00M |
| Shareholders' Equity | 3.00B | 3.40B | 4.82B | 4.84B | 5.47B | 5.18B |
| Total Liabilities & Equity | 18.65B | 18.21B | 20.92B | 21.58B | 22.43B | 21.40B |
| Total Debt | 8.21B | 7.26B | 8.79B | 8.65B | 8.91B | 8.42B |
| Net Cash (Debt) | -7.35B | -6.46B | -7.98B | -7.75B | -7.68B | -7.33B |
| Net Cash Per Share | -25.44 | -22.41 | -27.69 | -27.18 | -26.86 | -27.77 |
| Filing Date Shares Outstanding | 287.90M | 286.25M | 284.97M | 283.95M | 283.01M | 281.83M |
| Total Common Shares Outstanding | 287.66M | 286.25M | 284.97M | 283.79M | 282.90M | 281.79M |
| Working Capital | 635.00M | 436.00M | 212.00M | 503.00M | 1.52B | 719.00M |
| Book Value Per Share | 9.87 | 11.29 | 16.43 | 16.45 | 18.73 | 17.74 |
| Tangible Book Value | 2.14B | 2.53B | 3.12B | 2.92B | 3.28B | 2.96B |
| Tangible Book Value Per Share | 7.45 | 8.83 | 10.95 | 10.28 | 11.60 | 10.49 |
| Land | 429.00M | 444.00M | 461.00M | 449.00M | 552.00M | |
| Buildings | 2.74B | 2.69B | 2.84B | 2.64B | 2.68B | |
| Machinery | 15.29B | 15.23B | 15.66B | 14.84B | 14.89B | |
| Construction In Progress | 1.15B | 1.30B | 1.34B | 1.17B | 785.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -2.54B | -1.72B | 46.00M | -729.00M | 202.00M | 764.00M |
| Depreciation & Amortization | 815.00M | 885.00M | 903.00M | 965.00M | 934.00M | 882.00M |
| Other Amortization | 15.00M | 19.00M | 14.00M | 15.00M | 15.00M | 14.00M |
| Loss (Gain) From Sale of Assets | -135.00M | -816.00M | -93.00M | -104.00M | -122.00M | -20.00M |
| Asset Writedown & Restructuring Costs | 671.00M | 597.00M | 159.00M | 669.00M | 64.00M | -103.00M |
| Other Operating Activities | 1.57B | 1.53B | -174.00M | -222.00M | 121.00M | -362.00M |
| Change in Accounts Receivable | 373.00M | 215.00M | 127.00M | -59.00M | -333.00M | -300.00M |
| Change in Inventory | 184.00M | 12.00M | -106.00M | 933.00M | -1.04B | -982.00M |
| Change in Accounts Payable | -129.00M | -248.00M | -78.00M | -531.00M | 686.00M | 923.00M |
| Change in Other Net Operating Assets | 77.00M | 326.00M | -100.00M | 95.00M | -4.00M | 246.00M |
| Operating Cash Flow | 894.00M | 796.00M | 698.00M | 1.03B | 521.00M | 1.06B |
| Capital Expenditures | -702.00M | -826.00M | -1.19B | -1.05B | -1.06B | -981.00M |
| Sale of Property, Plant & Equipment | 477.00M | 1.80B | 115.00M | 16.00M | 52.00M | 14.00M |
| Cash Acquisitions | -1.86B | |||||
| Investment in Securities | 4.00M | 4.00M | 6.00M | -8.00M | 32.00M | 7.00M |
| Other Investing Activities | 42.00M | 17.00M | 62.00M | 7.00M | 63.00M | 23.00M |
| Investing Cash Flow | -179.00M | 997.00M | -1.00B | -1.03B | -914.00M | -2.79B |
| Short-Term Debt Issued | 966.00M | 1.33B | 954.00M | 1.32B | 1.09B | |
| Long-Term Debt Issued | 16.07B | 14.42B | 9.93B | 10.50B | 9.86B | |
| Total Debt Issued | 13.76B | 17.04B | 15.75B | 10.89B | 11.82B | 10.96B |
| Short-Term Debt Repaid | -1.03B | -1.09B | -1.01B | -1.29B | -1.05B | |
| Long-Term Debt Repaid | -17.76B | -14.39B | -10.22B | -9.95B | -8.50B | |
| Total Debt Repaid | -14.38B | -18.80B | -15.48B | -11.23B | -11.24B | -9.55B |
| Net Debt Issued (Repaid) | -618.00M | -1.76B | 264.00M | -343.00M | 582.00M | 1.41B |
| Issuance of Common Stock | 9.00M | |||||
| Other Financing Activities | -25.00M | -11.00M | -39.00M | 10.00M | -7.00M | -106.00M |
| Financing Cash Flow | -643.00M | -1.77B | 225.00M | -333.00M | 575.00M | 1.31B |
| Foreign Exchange Rate Adjustments | -9.00M | 23.00M | -39.00M | 10.00M | -35.00M | -38.00M |
| Net Cash Flow | 63.00M | 46.00M | -121.00M | -326.00M | 147.00M | -460.00M |
| Free Cash Flow | 192.00M | -30.00M | -490.00M | -18.00M | -540.00M | 81.00M |
| Free Cash Flow Margin | 1.08% | -0.16% | -2.60% | -0.09% | -2.60% | 0.46% |
| Free Cash Flow Per Share | 0.66 | -0.10 | -1.70 | -0.06 | -1.89 | 0.31 |
| Levered Free Cash Flow | 497.12M | 339.50M | -541.00M | 466.88M | -368.38M | -453.25M |
| Unlevered Free Cash Flow | 743.38M | 598.62M | -228.75M | 784.38M | -101.50M | -225.38M |
| Cash Interest Paid | 414.00M | 414.00M | 515.00M | 514.00M | 437.00M | 316.00M |
| Cash Income Tax Paid | 160.00M | 160.00M | 170.00M | 200.00M | 174.00M | 201.00M |
| Change in Working Capital | 505.00M | 305.00M | -157.00M | 438.00M | -693.00M | -113.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.30B | 2.51B | 2.56B | 4.06B | 2.87B | 6.00B |
| Enterprise Value | 8.65B | 11.04B | 11.88B | 12.90B | 11.46B | 14.34B |
| Last Close Price | 4.29 | 8.76 | 9.00 | 14.32 | 10.15 | 21.32 |
| PE Ratio | 55.74 | 14.21 | 7.85 | |||
| Forward PE | 7.28 | 5.28 | 11.26 | 6.39 | 8.55 | |
| PS Ratio | 0.07 | 0.14 | 0.14 | 0.20 | 0.14 | 0.34 |
| PB Ratio | 0.43 | 0.74 | 0.53 | 0.84 | 0.53 | 1.16 |
| P/TBV Ratio | 0.58 | 0.99 | 0.82 | 1.39 | 0.88 | 2.03 |
| P/FCF Ratio | 6.43 | 74.04 | ||||
| P/OCF Ratio | 1.38 | 3.15 | 3.67 | 3.94 | 5.51 | 5.65 |
| PEG Ratio | 0.80 | 0.04 | 0.79 | 3.19 | 1.10 | |
| EV/Sales Ratio | 0.49 | 0.60 | 0.63 | 0.64 | 0.55 | 0.82 |
| EV/EBITDA Ratio | 8.74 | 8.86 | 7.46 | 8.69 | 6.33 | 7.22 |
| EV/EBIT Ratio | 51.42 | 30.59 | 17.21 | 24.85 | 13.08 | 12.98 |
| EV/FCF Ratio | 44.72 | 177.05 | ||||
| Debt / Equity Ratio | 2.74 | 2.13 | 1.82 | 1.79 | 1.63 | 1.62 |
| Debt / EBITDA Ratio | 6.30 | 4.62 | 4.56 | 4.83 | 4.20 | 3.68 |
| Debt / FCF Ratio | 42.78 | 103.95 | ||||
| Net Debt / Equity Ratio | 2.45 | 1.90 | 1.65 | 1.60 | 1.41 | 1.41 |
| Net Debt / EBITDA Ratio | 7.49 | 5.18 | 5.01 | 5.22 | 4.25 | 3.69 |
| Net Debt / FCF Ratio | 38.29 | -215.17 | -16.28 | -430.39 | -14.23 | 90.52 |
| Asset Turnover | 0.86 | 0.93 | 0.89 | 0.91 | 0.95 | 0.92 |
| Inventory Turnover | 3.65 | 4.18 | 4.22 | 4.01 | 4.15 | 4.73 |
| Quick Ratio | 0.49 | 0.46 | 0.44 | 0.51 | 0.54 | 0.52 |
| Current Ratio | 1.09 | 1.06 | 1.03 | 1.07 | 1.21 | 1.11 |
| Return on Equity (ROE) | -61.53% | -41.33% | 0.73% | -14.19% | 3.92% | 18.48% |
| Return on Assets (ROA) | 0.51% | 1.15% | 2.03% | 1.47% | 2.50% | 3.64% |
| Return on Invested Capital (ROIC) | 1.60% | 3.19% | 1.46% | 4.03% | 3.58% | 10.47% |
| Return on Capital Employed (ROCE) | 1.50% | 3.20% | 5.10% | 3.60% | 5.70% | 7.50% |
| Earnings Yield | -195.43% | -68.65% | 1.79% | -17.95% | 7.04% | 12.74% |
| FCF Yield | 15.55% | -1.20% | -19.11% | -0.44% | -18.81% | 1.35% |
| Buyback Yield / Dilution | -0.52% | -0.35% | -1.05% | 0.35% | -8.33% | -12.82% |
| Total Shareholder Return | -0.52% | -0.35% | -1.05% | 0.35% | -8.33% | -12.82% |