olivLaw · US equity research
The Goodyear Tire & Rubber Company GT
Tires & Inner Tubes · SIC 3011 · Vertical: Rubber and plastics products (SIC 30xx)
Goodyear Tire & Rubber is one of the world's leading tire manufacturers, with operations in most regions of the world. The company is going through a difficult stretch: after 2025 asset sales and an annual net loss of $1,721 million, operating results in the second quarter of 2026 remained weak, and the company announced the closure of a US plant.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 05 Nov 2026, The Goodyear Tire & Rubber Company (GT) stock was 4.45 USD (−2.20% on the day), with market capitalisation 1.3 bn USD, dividend yield 0.00%, beta 0.97, 52-week range 4.15–10.54 USD. Latest reported quarter (Q3 2026): revenue of 4.5 bn USD (−2.3% YoY), net income of -238.0 m USD, diluted EPS -0.82 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 44.4
- weak (30–45)
- Bollinger (20, 2)
- 4.16 – 4.64
- in the upper half of the band · %B 0.61 · band width 11.0%
- SMA 50 / 200
- 4.99 / 6.55
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.14 / -0.21
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −4.5% | −5.9% | +1.4 pp | — |
| 3 months | −34.2% | −4.6% | −29.6 pp | — |
| 6 months | −35.1% | +0.2% | −35.4 pp | — |
| Year to date | −49.2% | +7.4% | −56.6 pp | — |
| 1 year | −44.7% | +8.2% | −52.9 pp | +11.1% |
| 3 years | −64.4% | +68.4% | −132.8 pp | +18.3% |
| 5 years | −81.6% | +56.5% | −138.1 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.9 bn | 4.3 bn | 4.5 bn | 4.6 bn | 4.9 bn | 3.9 bn | 4.3 bn | 4.5 bn |
| Cost of revenue | 4.0 bn | 3.5 bn | 3.7 bn | 3.8 bn | 3.9 bn | 3.2 bn | 3.6 bn | 3.8 bn |
| SG&A | 692.0 m | 650.0 m | 692.0 m | 676.0 m | 701.0 m | 668.0 m | 703.0 m | 665.0 m |
| Depreciation & amortisation | 249.0 m | 270.0 m | 274.0 m | 269.0 m | 232.0 m | 239.0 m | 235.0 m | 257.0 m |
| Interest expense | 131.0 m | 115.0 m | 112.0 m | 114.0 m | 104.0 m | 95.0 m | 105.0 m | 111.0 m |
| Pre-tax income | 88.0 m | 131.0 m | 305.0 m | -733.0 m | 164.0 m | -180.0 m | -161.0 m | -211.0 m |
| Income tax | 20.0 m | 13.0 m | 24.0 m | 1.5 bn | 66.0 m | 66.0 m | 46.0 m | 28.0 m |
| Net income | 73.0 m | 115.0 m | 254.0 m | -2.2 bn | 105.0 m | -249.0 m | -204.0 m | -238.0 m |
| Diluted EPS | 0.25 ≈ | 0.40 | 0.87 | -7.62 | 0.36 ≈ | -0.86 | -0.71 | -0.82 |
| Operating cash flow | 1.3 bn | -538.0 m | -180.0 m ≈ | 2.0 m ≈ | 1.5 bn | -718.0 m | 98.0 m ≈ | -144.0 m ≈ |
| Capex | 276.0 m | 259.0 m | 207.0 m ≈ | 183.0 m ≈ | 177.0 m | 175.0 m | 167.0 m ≈ | 139.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.5 bn | 14.7 bn | 12.3 bn | 17.5 bn | 20.8 bn | 20.1 bn | 18.9 bn | 18.3 bn |
| Revenue YoY | +0.6% | −4.7% | −16.4% | +41.9% | +19.0% | −3.6% | −5.9% | −3.2% |
| Net income | 693.0 m | -311.0 m | -1.3 bn | 764.0 m | 202.0 m | -729.0 m | 46.0 m | -1.7 bn |
| Net income YoY | +100.3% | −144.9% | unavailable | unavailable | −73.6% | −460.9% | unavailable | −3,841.3% |
| Diluted EPS | 2.89 | -1.33 | -5.35 | 2.89 | 0.71 | -2.56 | 0.16 | -5.99 |
| Diluted EPS YoY | +110.9% | −146.0% | unavailable | unavailable | −75.4% | −460.6% | unavailable | −3,843.8% |
| net % | 4.5% | -2.1% | -10.2% | 4.4% | 1.0% | -3.6% | 0.2% | -9.4% |
| Free cash flow | 105.0 m | 437.0 m | 468.0 m | 81.0 m | -540.0 m | -18.0 m | -490.0 m | -30.0 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 801.0 m USD
- Financial debt
- 6.3 bn USD
- Net debt
- 5.5 bn USD
- Equity
- 3.4 bn USD
- Total assets
- 18.2 bn USD
- Debt / equity
- 1.85x
- Current ratio
- 1.06x
- ROE
- -41.8%
- ROA
- -8.8%
- FCF margin
- -0.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 12.3 bn | 17.5 bn | 20.8 bn | 20.1 bn | 18.9 bn | 18.3 bn | SEC (XBRL)· 10 Feb 2026verified |
| Cost of revenue | 10.3 bn | 13.7 bn | 17.0 bn | 16.6 bn | 15.2 bn | 14.9 bn | SEC (XBRL)· 10 Feb 2026verified |
| Gross profit | 2.0 bn ≈ | 3.8 bn ≈ | 3.9 bn ≈ | 3.5 bn ≈ | 3.7 bn ≈ | 3.4 bn ≈ | SEC (XBRL)· 10 Feb 2026derived |
| Research & development | 390.0 m | 473.0 m | 501.0 m | 461.0 m | 426.0 m | 380.0 m | SEC (XBRL)· 10 Feb 2026verified |
| SG&A | 2.2 bn | 2.7 bn | 2.8 bn | 2.8 bn | 2.8 bn | 2.7 bn | SEC (XBRL)· 10 Feb 2026verified |
| Depreciation & amortisation | 859.0 m | 883.0 m | 964.0 m | 1.0 bn | 1.0 bn | 1.0 bn | SEC (XBRL)· 10 Feb 2026verified |
| Interest expense | 324.0 m | 387.0 m | 451.0 m | 532.0 m | 522.0 m | 445.0 m | SEC (XBRL)· 10 Feb 2026verified |
| Pre-tax income | -1.1 bn | 513.0 m | 399.0 m | -721.0 m | 130.0 m | -133.0 m | SEC (XBRL)· 10 Feb 2026verified |
| Income tax | 110.0 m | -267.0 m | 190.0 m | 10.0 m | 95.0 m | 1.6 bn | SEC (XBRL)· 10 Feb 2026verified |
| Net income | -1.3 bn | 764.0 m | 202.0 m | -729.0 m | 46.0 m | -1.7 bn | SEC (XBRL)· 10 Feb 2026verified |
| Diluted EPS | -5.35 | 2.89 | 0.71 | -2.56 | 0.16 | -5.99 | SEC (XBRL)· 10 Feb 2026verified |
| Weighted average diluted shares | 234.0 m | 264.0 m | 286.0 m | 285.0 m | 288.0 m | 288.0 m | SEC (XBRL)· 10 Feb 2026verified |
| Dividend per share | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | SEC (XBRL)· 10 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1.5 bn | 1.1 bn | 1.2 bn | 902.0 m | 810.0 m | 801.0 m | SEC (XBRL)· 10 Feb 2026verified |
| Receivables | 1.7 bn | 2.4 bn | 2.6 bn | 2.7 bn | 2.5 bn | 2.3 bn | SEC (XBRL)· 10 Feb 2026verified |
| Inventories | 2.2 bn | 3.6 bn | 4.6 bn | 3.7 bn | 3.6 bn | 3.6 bn | SEC (XBRL)· 10 Feb 2026verified |
| Current assets | 5.6 bn | 7.3 bn | 8.7 bn | 7.6 bn | 7.6 bn | 7.2 bn | SEC (XBRL)· 10 Feb 2026verified |
| Goodwill | 408.0 m | 1.0 bn | 1.0 bn | 781.0 m | 756.0 m | 42.0 m | SEC (XBRL)· 10 Feb 2026verified |
| Intangibles (excl. goodwill) | 135.0 m | 1.0 bn | 1.0 bn | 969.0 m | 805.0 m | 663.0 m | SEC (XBRL)· 10 Feb 2026verified |
| Total assets | 16.5 bn | 21.4 bn | 22.4 bn | 21.6 bn | 20.9 bn | 18.2 bn | SEC (XBRL)· 10 Feb 2026verified |
| Accounts payable | 2.9 bn | 4.1 bn | 4.8 bn | 4.4 bn | 4.1 bn | 3.9 bn | SEC (XBRL)· 10 Feb 2026verified |
| Short-term debt | 558.0 m | 749.0 m | 623.0 m | 793.0 m | 1.4 bn | 870.0 m | SEC (XBRL)· 10 Feb 2026verified |
| Long-term debt | 5.3 bn | 6.7 bn | 7.2 bn | 7.0 bn | 7.0 bn | 5.4 bn | SEC (XBRL)· 10 Feb 2026verified |
| Current liabilities | 5.1 bn | 6.6 bn | 7.1 bn | 7.2 bn | 7.4 bn | 6.8 bn | SEC (XBRL)· 10 Feb 2026verified |
| Total liabilities | 13.2 bn | 16.2 bn | 17.0 bn | 16.8 bn | 16.1 bn | 14.8 bn | SEC (XBRL)· 10 Feb 2026verified |
| Equity | 3.3 bn | 5.2 bn | 5.5 bn | 4.8 bn | 4.8 bn | 3.4 bn | SEC (XBRL)· 10 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.1 bn | 1.1 bn | 521.0 m | 1.0 bn | 698.0 m | 796.0 m | SEC (XBRL)· 10 Feb 2026verified |
| Capex | 647.0 m | 981.0 m | 1.1 bn | 1.1 bn | 1.2 bn | 826.0 m | SEC (XBRL)· 10 Feb 2026verified |
| Free cash flow | 468.0 m ≈ | 81.0 m ≈ | -540.0 m ≈ | -18.0 m ≈ | -490.0 m ≈ | -30.0 m ≈ | SEC (XBRL)· 10 Feb 2026derived |
| Investing cash flow | -667.0 m | -2.8 bn | -914.0 m | -1.0 bn | -1.0 bn | 997.0 m | SEC (XBRL)· 10 Feb 2026verified |
| Financing cash flow | 203.0 m | 1.3 bn | 575.0 m | -333.0 m | 225.0 m | -1.8 bn | SEC (XBRL)· 10 Feb 2026verified |
| Dividends paid | 37.0 m | 0 | 0 | 0 | 0 | 0 | SEC (XBRL)· 10 Feb 2026verified |
| Share repurchases | 0 | — | — | — | — | — | SEC (XBRL)· 09 Feb 2021verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 37.5% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 1.3 bn USD
Key indicators
Coverage and freshness
Score by group
38% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 3.95 – 54.76 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)3.95 – 54.76 (Mid 17.16)WACC 5.6% · starting FCFF 438.6 m USD · terminal value share of EV 86%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -17.8%
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the base of the ratio is not positive
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 37.5% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -3.3% | 17 (vs peers) | 17% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -4.2% | 0 (on a fixed band) | 22% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.1x | 27 (on a fixed band) | 11% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 7.0% | 88 (on a fixed band) | 22% |
| Shareholder yield (distributions) · Returns | 0.0% | 0 (on a fixed band) | 17% |
| Payout ratio (FCF) · Returns | 0.0% | 100 (on a fixed band) | 11% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial27/100 · 1/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial17/100 · 1/3 factors with a value
- Returns40/100 · 2/2 factors with a value
- Valuation· partial88/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
THE GOODYEAR TIRE & RUBBER COMPANY (GT). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 18.3 bn USD in 2025; YoY growth -3.2%; net margin -3.3%; ROE -20.8%.
The estimated value range is 3.95–54.76 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 17.16 USD, the price of 4.45 USD leaves a potential of 285.7% (value / price − 1) and a margin of safety of 74.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 37.5% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF yield: 7.0%
- Payout ratio (FCF): 0.0%
What contradicts it
- Net margin: -3.3%
- Revenue CAGR 3Y: -4.2%
- Current ratio: 1.1x
- Shareholder yield (distributions): 0.0%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA.
Versus the vertical median
Rubber and plastics products (SIC 30xx) · same major group (2-digit SIC) · compared with 18 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ENTGEntegris, Inc. | 19.1 bn | 48.7 | 9.6% | 11.1% | −1.4% | +62% / +19% |
| CSLCarlisle Companies Incorporated | 14.6 bn | 21.4 | 41.9% | 13.8% | +0.3% | +19% / +35% |
| DECKDeckers Outdoor Corp | 11.7 bn | 11.6 | 44.3% | 19.0% | +9.8% | −0% / −21% |
| ONONOn Holding AG | 11.1 bn | 54.7 | 13.5% | 6.8% | +30.0% | −15% / +29% |
| ATRAptarGroup, Inc | 9.1 bn | 35.0 | 9.9% | 6.7% | +5.4% | +15% / +14% |
| WMSAdvanced Drainage Systems, Inc. | 9.1 bn | 23.3 | 22.6% | 12.4% | +5.0% | −20% / +1% |
| AWIArmstrong World Industries, Inc. | 7.1 bn | 22.8 | 36.0% | 18.4% | +12.1% | −10% / +101% |
| CROXCrocs, Inc. | 7.0 bn | 11.4 | 49.1% | 16.2% | −1.5% | +80% / +45% |
| NPOEnpro Inc | 5.4 bn | 87.8 | 4.0% | 4.9% | +9.0% | +15% / +100% |
| NWLNewell Brands Inc | 2.3 bn | — | -12.8% | -4.4% | −5.0% | +50% / −28% |
| GTThe Goodyear Tire & Rubber Company | 1.3 bn | — | -20.8% | -3.3% | −3.2% | −45% / −64% |
| KRTKarat Packaging Inc. | 1.0 bn | 20.6 | 31.2% | 10.2% | +10.7% | +133% / +138% |
| MYEMyers Industries, Inc. | 1.0 bn | 35.3 | 9.7% | 3.3% | −1.3% | +48% / +52% |
| SWIMLatham Group, Inc. | 932.6 m | 97.0 | 2.2% | 1.6% | +7.4% | +11% / +250% |
| LWLGLightwave Logic, Inc. | 588.1 m | — | -34.4% | -9,134.4% | +147.7% | −12% / −4% |
| CMTCore Molding Technologies, Inc. | 186.1 m | 26.0 | 4.4% | 2.4% | −9.5% | +11% / +17% |
| DSWLDeswell Industries, Inc. | 47.0 m | 4.4 | 10.0% | 17.3% | −9.3% | −18% / +13% |
| YHGJYunhong Green Cti Ltd. | 8.1 m | — | -29.5% | -14.4% | +9.8% | −37% / −88% |
| NKENIKE, Inc. | — | 19.0 | 21.6% | 6.7% | +0.2% | −39% / −64% |
1- and 3-year price returns: for GT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 10-Q (05 Nov 2026), 8-K (04 Nov 2026 · results).
In brief
Goodyear Tire & Rubber is one of the world's leading tire manufacturers, with operations in most regions of the world. The company is going through a difficult stretch: after 2025 asset sales and an annual net loss of $1,721 million, operating results in the second quarter of 2026 remained weak, and the company announced the closure of a US plant 123.
SWOT
Strengths
- The Goodyear and Cooper brands have high recognition and a reputation for performance, and the global network of plants and distribution is broad 1.
- The company delivered significant savings through the Goodyear Forward program and gained original equipment market share in several regions 13.
- Its leading position in commercial truck service and its own retail outlets provide a revenue base diversified beyond tire sales 1.
Weaknesses
- The company considers its factories less cost-competitive than those of its main rivals, and its annual net loss in 2025 was substantial 1.
- The Americas segment turned to an operating loss in the second quarter of 2026, and newly issued debt carries high interest, adding pressure on liquidity 23.
- Dependence on volatile raw material and energy costs makes margins hard to predict, and passing cost increases fully to customers is difficult 1.
Opportunities
- If plant closures and modernization deliver the announced savings, margins could improve from 2027 and especially from 2028 3.
- Gaining original equipment share and expanding in Asia Pacific could support volumes over the medium term 3.
- A focus on premium large-diameter tires and fleet services could improve profitability compared with lower-tier segments 12.
Threats
- Aggressive competition from low-cost producers and imports from Asia could further erode market share and pricing 1.
- A prolonged economic downturn or geopolitical instability could reduce replacement demand and vehicle production 1.
- Trade tariffs and labor disputes, including contracts expiring in 2026, could disrupt production 12.
Risks
- Execution of the transformation strategyhigh
If strategic initiatives do not translate into durable savings, the company may fail to reach its financial goals and operating results could remain under pressure 1.
- Debt and liquidityhigh
The issuance of high-coupon notes and refinancing of maturities falling in 2027 could limit financial flexibility if results do not improve 2.
- Raw material costs and tariffsmedium
Volatility in rubber, energy and transport prices, together with trade tariffs, could compress margins if they cannot be passed on to customers 12.
- Labor disputesmedium
Many employees are covered by collective agreements, and negotiations or strikes could interrupt production, especially in the United States and Europe 12.
- Fayetteville plant closuremedium
Closure and job reduction costs could exceed estimates, and the announced savings could be delayed if implementation takes longer 23.
Investment thesis
What would need to be true (bull case)
- If restructuring savings and original equipment share gains are confirmed, profitability could gradually recover, particularly in Asia Pacific and EMEA 3.
- The global brand position and service network could support pricing and a richer product mix in premium markets 1.
- If the replacement market stabilizes and distributor inventories normalize, volumes could recover faster than currently expected 2.
What would break the thesis
- If operating losses in the Americas persist, the company could remain loss-making in the coming years, placing further pressure on its debt 23.
- Competition from low-cost regions and tariff pressure could limit the ability to recover margins 12.
- If sales and volumes keep falling, cost reduction programs could fail to offset the erosion of revenue 12.
What to watch
- Third-quarter results and the trend in tire unit volumesQ3 2026
- Progress of the Fayetteville plant closure and its associated costs2027
- Outcome of the USW labor negotiations and ratification of the new contractQ3 2026
- Refinancing of notes maturing in 2027 and the evolution of total debtnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 10-Q (05 Nov 2026), 8-K (04 Nov 2026 · results).
The business
Goodyear develops, manufactures, distributes and sells tires for automobiles, trucks, buses, aircraft, motorcycles and farm equipment, both for original equipment and the replacement market. The company runs 49 manufacturing facilities in 19 countries and about 750 retail outlets, plus commercial truck service centers 1. Its stated strategy is to be '#1 in tires and service', and the Goodyear Forward transformation plan was completed in 2025 1.
In 2025 the company completed the sale of its off-the-road tire business to Yokohama, the Dunlop brand to Sumitomo Rubber and its polymer chemicals business, together generating about $2.2 billion in gross proceeds 1. Despite these transactions, sales fell year on year because of lower volumes and the effects of the divestitures 1.
Segments
Americas
Americas is the largest segment by revenue and manufactures tires in the United States, Canada, Mexico, Brazil, Chile, Colombia and Peru. In the second quarter of 2026 the segment posted an operating loss of $10 million, compared with income a year earlier, due to lower replacement volume 3.
EMEA
EMEA, the second largest segment, manufactures tires in France, Germany, Luxembourg, the Netherlands, Poland, Serbia, Slovenia and Turkey. The segment improved its result year on year, and its original equipment market share gains continued for a tenth consecutive quarter, according to the release 3.
Asia Pacific
Asia Pacific manufactures tires in China, India, Indonesia and Thailand and was the only segment to grow in the second quarter of 2026, both in sales and operating income, supported by higher consumer demand and better pricing 3.
Market context
The tire market is highly competitive worldwide, with rivalry based on design, performance, price, brand reputation and service 1. Replacement demand in the Americas weakened in 2026, but management sees signs of stabilization in consumer demand and normalization of distributor inventories 2.
Input costs such as natural and synthetic rubber and trade tariffs weigh heavily on margins. For the third quarter of 2026 the company expects broadly flat volumes but continued inflation and extra costs, which could limit improvement if the market does not recover 2.
Trends
- Capacity rationalizationtailwind
Goodyear is closing high-cost plants and modernizing others for premium large-diameter tires, which could lower costs over the longer term 13.
- Trade tariff pressureheadwind
Tariffs and trade policy raise import and production costs, and the company estimates a significant annualized tariff cost for 2026 12.
- Replacement demandmixed
Replacement demand softened in the Americas, but stabilization is visible and original equipment market share has risen in several regions 23.
- Competition from low-cost regionsheadwind
Competitors are increasingly producing in low-cost countries and expanding capacity, which could intensify competitive pressure, including in the United States 1.
Competitive position
Globally Goodyear has two major competitors, Bridgestone of Japan and Michelin of France, and other significant rivals include Continental, Hankook, Kumho, Pirelli, Sumitomo, Toyo and Yokohama 1. Competition centers on design, performance, price and service, and in some segments imports from Asia dominate 1.
The company itself acknowledges that its manufacturing footprint is less cost-competitive than that of its main rivals, and it is trying to offset this through plant closures and a focus on higher-margin tires 13.
- Bridgestone
Major global competitor headquartered in Japan, with large market shares in its home country 1.
- Michelin
Major global competitor headquartered in France, active in Europe, the Middle East, Africa and Asia 1.
- Continental
Important European competitor present in several regions where Goodyear operates 1.
- Pirelli
European competitor named across all three of Goodyear's regional segments 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Goodyear își actualizează gama de anvelope pentru iernile nordice - Trafic MediaSurge — Google News · 18 Sept 2026 · RO
- Goodyear (GT)’s Turnaround is Still Burning Through Cash, Not Just RubberYahoo Finance — News · 06 Sept 2026 · EN
- Goodyear burning rubber and cash as turnaround plan continuesCNBC — Top News · 29 Aug 2026 · EN
The latest news item in our archive is from 18 Sept 2026; the newest SEC filing is from 05 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report05 Nov 2026Departure or appointment of officers
- Quarterly report05 Nov 2026
- Current report04 Nov 2026Results of operations
- Current report27 Oct 2026Departure or appointment of officers
- Current report (amendment)09 Oct 2026Departure or appointment of officers
- Current report01 Oct 2026Departure or appointment of officers
- Current report01 Oct 2026Exit or disposal costs
- Quarterly report06 Aug 2026
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
- Current report21 Jul 2026Exit or disposal costs
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / The Goodyear Tire & Rubber Company · 10 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / The Goodyear Tire & Rubber Company · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / The Goodyear Tire & Rubber Company · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.