Short answer
GOODYEAR TIRE & RUBBER CO /OH/ (GT) filed its fiscal 2025 10-K annual report with the SEC on Feb 10, 2026. It reported revenue of $18.3B (−3.2% year over year) and net income of −$1.7B.
- Top risk flagged: 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
FY2025 key financial metrics · XBRL
- Revenue
- $18.3B
- −3.2% YoY
- Net income
- −$1.7B
- −2558.6% YoY
- EPS (diluted)
- −$5.99
- −2595.8% YoY
- ROE
- -53.2%
- −54.7 pp YoY
- Operating cash flow
- $796M
- +14.0% YoY
Source: XBRL data from the GOODYEAR TIRE & RUBBER CO /OH/ (GT) FY2025 10-K on SEC EDGAR. USD.
GOODYEAR TIRE & RUBBER CO /OH/ FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
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