For the year ending 2025-12-31, GT made $18,280M in revenue. -$1,721M in net income. Net profit margin of -9.41%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net sales (note 3) | 18,280 | 18,878 | 20,066 | 20,805 |
| Cost of goods sold | 14,909 | 15,176 | 16,557 | 16,953 |
| Selling, administrative and general expense | 2,719 | 2,782 | 2,814 | 2,798 |
| Goodwill and other asset impairments (notes 12 and 13) | - | - | - | 0 |
| Goodwill impairment (notes 12) | - | - | 230 | - |
| Goodwill and intangible asset impairment (note 12) | 674 | 125 | - | - |
| Rationalizations (note 4) | 194 | 86 | 502 | 129 |
| Interest expense (note 4) | - | 522 | 532 | 451 |
| Interest expense (note 5) | 445 | - | - | - |
| Other (income) expense (note 6) | -288 | -32 | -108 | -75 |
| Net (gain) loss on asset sales (note 2) | 816 | - | - | - |
| Income (loss) before income taxes | -133 | 155 | -677 | 399 |
| U.s. federal income tax expense (benefit) at the statutory rate of 21 | - | 33 | - | - |
| Net foreign losses (income) with no tax due to valuation allowances | - | 48 | - | - |
| Adjustment for foreign income taxed at different rates and nontaxable foreign items | - | 38 | - | - |
| U.s. charges (benefits) related to foreign tax credits, r&d and foreign derived intangible deduction | - | 30 | - | - |
| Net establishment (release) of uncertain tax positions | - | 6 | - | - |
| Net establishment (release) of foreign valuation allowances and write off of deferred taxes-Foreign Country | - | 4 | - | - |
| State income taxes, net of u.s. federal benefit | - | -8 | - | - |
| Net establishment (release) of foreign valuation allowances and write off of deferred taxes-Domestic Country | - | 4 | - | - |
| Goodwill impairment | - | 0 | - | - |
| Deferred tax impact of enacted tax rate and law changes | - | 0 | - | - |
| Other | - | 0 | - | - |
| United states and foreign tax expense (note 7) | 1,567 | 95 | 10 | 190 |
| Net income (loss) | -1,700 | 60 | -687 | 209 |
| Less minority shareholders net income (loss) | 21 | -10 | 2 | 7 |
| Goodyear net income (loss) | -1,721 | 70 | -689 | 202 |
| Basic EPS | -5.99 | 0.24 | -2.42 | 0.71 |
| Diluted EPS | -5.99 | 0.24 | -2.42 | 0.71 |
| Basic Average Shares | 288,000,000 | 287,000,000 | 285,000,000 | 284,000,000 |
| Diluted Average Shares | 288,000,000 | 288,000,000 | 285,000,000 | 286,000,000 |
GOODYEAR TIRE & RUBBER CO OH (GT)
GOODYEAR TIRE & RUBBER CO OH (GT)