GOODYEAR TIRE & RUBBER CO /OH/ (GT) FY2025 10-K Annual Report
GOODYEAR TIRE & RUBBER CO /OH/ (GT) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 10, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
GOODYEAR TIRE & RUBBER CO /OH/ FY2025 10-K Analysis
Business Overview
- • Core business model: manufacturing and selling tires and related rubber products globally
- • Strategic shift: acquisition agreements completed with The Yokohama Rubber Company (2024) and Sumitomo Rubber Industries (2025)
- • Notable contract updates: amended and restated credit and revolving credit agreements executed in 2025 and 2022 respectively
- • Valuation allowances doubled to $2.734 billion for deferred tax assets in 2025 from $1.252 billion in 2024
- • Extensive governance and compliance documentation publicly disclosed and accessible online, reflecting emphasis on transparency
Management Discussion & Analysis
- • Revenue $18,280M in 2025, down 3.2% YoY from $18,878M in 2024, mainly due to divestitures and lower tire volume
- • Operating income $1,057M in 2025 vs $1,302M in 2024, operating margin approx. 5.78% vs 6.89%
- • Americas segment recorded a non-cash goodwill impairment; overall lower segment operating income impacted by inflation and divestitures
- • Net loss $1,721M in 2025 vs net income $46M in 2024, driven by tax valuation allowance, goodwill impairment, and lower operating income
- • Cash from operations $796M, investing cash inflows $997M (mainly from $1.8B divestitures), financing cash outflows $1,770M (net debt repayment $1,759M), capex $826M
- • 2026 outlook: $300M incremental savings from Goodyear Forward, expected $185M operating income impact from divestitures, raw material cost benefit ~$300M, tariffs cost ~$300M
Risk Factors
- • Regulatory/legal risk: Full valuation allowance on U.S. net deferred tax assets of $1.4 billion due to One Big Beautiful Bill Act (OBBBA) impacting realizability assessment
- • Geopolitical/macroeconomic threat: Currency weakness in Brazil and Mexico reduced Americas net sales by $71 million, with Brazil heavily impacting deferred tax valuation
- • Operational/supply chain vulnerability: Closure of four tire manufacturing plants including Danville, Virginia; rationalization charges totaled $194 million in 2025
- • Competitive/market disruption risk: Increased U.S. market competitiveness from lower tier imports drove 4.3% replacement tire volume decline in Americas segment
- • Financial/structural risk: High leverage with average debt of $7.7 billion in 2025, interest expense $445 million, despite $1.8 billion asset sales used to reduce debt
GOODYEAR TIRE & RUBBER CO /OH/ FY2025 Key Financial MetricsXBRL
Revenue
$18.3B
▼ -3.2% YoY
Net Income
-$1.7B
▼ -2558.6% YoY
Net Margin
-9.4%
▼ -979bp YoY
ROE
-53.2%
▼ -5470bp YoY
Total Assets
$18.2B
▼ -13.1% YoY
EPS (Diluted)
$-5.99
▼ -2595.8% YoY
Operating Cash Flow
$796M
▲ +14.0% YoY
Source: XBRL data from GOODYEAR TIRE & RUBBER CO /OH/ FY2025 10-K filing on SEC EDGAR. All figures in USD.
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