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Complete financial analysis of The Goodyear Tire & Rubber Company (GT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Goodyear Tire & Rubber Company, a leading company in the Auto – Parts industry within the Consumer Cyclical sector.
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The Goodyear Tire & Rubber Company (GT)
About The Goodyear Tire & Rubber Company
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving equipment, and mining and industrial equipment under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, and various other house brands, as well as under the private-label brands. The company also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical and natural rubber products; and provides automotive and commercial truck maintenance and repair services, and miscellaneous other products and services. It operates approximately 1,000 retail outlets, which offer products for retail sale, and provides repair and other services. The company sells its products worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20.07B | 20.81B | 17.48B | 12.32B | 14.75B | 15.48B | 15.38B | 15.16B | 16.44B | 18.14B | 19.54B | 20.99B | 22.77B | 18.83B | 16.30B | 19.49B | 19.64B | 20.26B | 19.72B | 18.37B | 15.12B | 13.85B | 14.15B | 14.42B | 12.88B | 12.63B | 13.16B | 13.11B | 13.17B | 12.29B | 11.64B | 11.78B | 10.91B | 11.27B | 10.87B | 10.81B | 9.91B | 9.10B | 9.59B |
| Cost of Revenue | 16.56B | 16.95B | 13.69B | 10.34B | 11.60B | 11.96B | 11.72B | 10.97B | 12.16B | 13.91B | 15.42B | 17.16B | 18.82B | 15.45B | 13.68B | 16.14B | 15.92B | 17.01B | 15.77B | 14.71B | 12.50B | 11.31B | 11.62B | 11.01B | 9.77B | 9.19B | 9.58B | 9.57B | 9.66B | 8.86B | 8.32B | 8.53B | 7.96B | 8.39B | 7.85B | 7.93B | 7.02B | 6.62B | 7.33B |
| Gross Profit | 3.51B | 3.85B | 3.79B | 1.98B | 3.14B | 3.51B | 3.66B | 4.19B | 4.28B | 4.23B | 4.12B | 3.83B | 3.95B | 3.38B | 2.63B | 3.35B | 3.72B | 3.25B | 3.95B | 3.66B | 2.62B | 2.54B | 2.53B | 3.41B | 3.11B | 3.44B | 3.58B | 3.55B | 3.51B | 3.43B | 3.32B | 3.26B | 2.94B | 2.88B | 3.02B | 2.88B | 2.88B | 2.49B | 2.25B |
| Gross Profit Ratio | 17.47% | 18.51% | 21.66% | 16.10% | 21.32% | 22.71% | 23.79% | 27.62% | 26.02% | 23.33% | 21.07% | 18.24% | 17.33% | 17.95% | 16.10% | 17.18% | 18.96% | 16.05% | 20.03% | 19.93% | 17.35% | 18.31% | 17.87% | 23.65% | 24.15% | 27.25% | 27.20% | 27.05% | 26.64% | 27.89% | 28.54% | 27.65% | 26.98% | 25.57% | 27.77% | 26.61% | 29.08% | 27.33% | 23.48% |
| Research & Development | 461.00M | 501.00M | 496.00M | 390.00M | 430.00M | 424.00M | 406.00M | 388.00M | 382.00M | 399.00M | 390.00M | 370.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 2.32B | 2.31B | 2.30B | 2.41B | 2.61B | 2.72B | 2.76B | 2.72B | 2.93B | 2.87B | 2.40B | 2.60B | 2.76B | 2.67B | 2.88B | 2.83B | 2.37B | 2.22B | 2.25B | 2.24B | 2.02B | 1.88B | 1.89B | 1.89B | 1.94B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 2.81B | 2.80B | 2.70B | 2.19B | 2.32B | 2.31B | 2.30B | 2.41B | 2.61B | 2.72B | 2.76B | 2.72B | 2.93B | 2.87B | 2.40B | 2.60B | 2.76B | 2.67B | 2.88B | 2.83B | 2.37B | 2.22B | 2.25B | 2.24B | 2.02B | 1.88B | 1.89B | 1.89B | 1.94B | 1.96B | 2.04B | 2.07B | 1.98B | 2.25B | 1.86B | 1.75B | 1.63B | 1.60B | 1.47B |
| Other Expenses | 202.00M | -165.00M | -94.00M | -119.00M | -98.00M | 174.00M | -8.00M | 10.00M | 115.00M | -302.00M | -97.00M | 1.00M | 0.00 | 0.00 | 0.00 | 0.00 | 322.00M | 0.00 | 0.00 | 0.00 | 0.00 | 330.10M | 0.00 | 630.30M | 581.70M | 487.80M | 469.30M | 460.80M | 434.90M | 410.30M | 392.90M | 445.80M | 441.50M | 415.00M | 383.50M | 357.10M | 349.90M | 378.60M | 300.50M |
| Operating Expenses | 3.51B | 2.80B | 2.70B | 2.19B | 2.32B | 2.31B | 2.30B | 2.41B | 2.61B | 2.72B | 2.76B | 2.72B | 2.93B | 2.87B | 2.40B | 2.60B | 2.76B | 2.67B | 2.88B | 2.83B | 2.37B | 2.55B | 2.25B | 2.87B | 2.60B | 2.37B | 2.36B | 2.35B | 2.37B | 2.37B | 2.43B | 2.52B | 2.42B | 2.66B | 2.25B | 2.10B | 1.98B | 1.98B | 1.77B |
| Cost & Expenses | 19.99B | 19.75B | 16.39B | 12.53B | 13.93B | 14.27B | 14.02B | 13.38B | 14.78B | 16.63B | 18.18B | 19.88B | 21.75B | 18.32B | 16.08B | 18.74B | 18.68B | 19.68B | 18.65B | 17.54B | 14.87B | 13.87B | 13.87B | 13.87B | 12.37B | 11.55B | 11.94B | 11.92B | 12.03B | 11.23B | 10.75B | 11.05B | 10.38B | 11.05B | 10.10B | 10.04B | 9.01B | 8.60B | 9.10B |
| Interest Income | 84.00M | 34.00M | 72.00M | 14.00M | 26.00M | 54.00M | 13.00M | 15.00M | 22.00M | 28.00M | 41.00M | 17.00M | 16.00M | 11.00M | 17.00M | 68.00M | 128.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 532.00M | 451.00M | 387.00M | 324.00M | 340.00M | 321.00M | 335.00M | 372.00M | 412.00M | 428.00M | 392.00M | 357.00M | 330.00M | 316.00M | 311.00M | 320.00M | 450.00M | 451.00M | 365.00M | 326.40M | 296.30M | 241.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.00B | 964.00M | 883.00M | 859.00M | 795.00M | 778.00M | 781.00M | 727.00M | 698.00M | 732.00M | 722.00M | 687.00M | 715.00M | 652.00M | 636.00M | 660.00M | 659.00M | 694.00M | 706.00M | 714.80M | 693.30M | 602.80M | 636.70M | 630.30M | 581.70M | 487.80M | 469.30M | 460.80M | 434.90M | 410.30M | 392.90M | 445.80M | 441.50M | 415.00M | 383.50M | 357.10M | 349.90M | 378.60M | 300.50M |
| EBITDA | 856.00M | 1.85B | 1.82B | 69.00M | 1.35B | 2.15B | 1.99B | 2.40B | 1.83B | 1.92B | 2.11B | 1.48B | 1.66B | 976.00M | 590.00M | 1.26B | 1.63B | 814.00M | 1.63B | 1.53B | 989.00M | 969.90M | 894.80M | 1.17B | 1.09B | 1.50B | 1.62B | 1.55B | 1.57B | 1.47B | 1.29B | 1.18B | 966.30M | 632.60M | 1.15B | 1.13B | 1.25B | 886.50M | 780.90M |
| EBITDA Ratio | 4.27% | 8.88% | 10.73% | 4.32% | 10.29% | 13.92% | 13.85% | 16.60% | 15.07% | 10.71% | 10.16% | 7.91% | 4.48% | 6.23% | 1.36% | 2.90% | 9.00% | 7.49% | 9.45% | 9.06% | 10.39% | 4.40% | 8.11% | 9.24% | 8.46% | 11.49% | 14.78% | 19.51% | 12.22% | 12.28% | 10.38% | 8.80% | 8.10% | 4.01% | 10.71% | 10.28% | 9.79% | 11.12% | 7.23% |
| Operating Income | 73.00M | 883.00M | 993.00M | -327.00M | 722.00M | 1.20B | 1.36B | 1.78B | 1.67B | 1.51B | 1.36B | 1.11B | 1.02B | 510.00M | 221.00M | 749.00M | 962.00M | 581.00M | 1.08B | 828.10M | 252.50M | -17.90M | 278.90M | 542.50M | 512.50M | 1.07B | 1.22B | 1.20B | 1.14B | 1.06B | 895.20M | 738.70M | 524.80M | 217.60M | 770.90M | 774.30M | 895.70M | 507.90M | 480.40M |
| Operating Income Ratio | 0.36% | 4.24% | 5.68% | -2.65% | 4.90% | 7.77% | 8.82% | 11.74% | 10.13% | 8.34% | 6.96% | 5.29% | 4.48% | 2.71% | 1.36% | 3.84% | 4.90% | 2.87% | 5.46% | 4.51% | 1.67% | -0.13% | 1.97% | 3.76% | 3.98% | 8.49% | 9.27% | 9.12% | 8.62% | 8.61% | 7.69% | 6.27% | 4.81% | 1.93% | 7.09% | 7.16% | 9.04% | 5.58% | 5.01% |
| Total Other Income/Expenses | -750.00M | -484.00M | -119.00M | -813.00M | -110.00M | -191.00M | -112.00M | -204.00M | -683.00M | -433.00M | -180.00M | -671.00M | -506.00M | -502.00M | -351.00M | -563.00M | -507.00M | -271.00M | -565.00M | -506.00M | -937.00M | -1.10M | -594.60M | -483.70M | -206.30M | -59.90M | -363.00M | -318.10M | -209.60M | -192.90M | -110.30M | -108.80M | -254.10M | -161.70M | -300.00M | -236.80M | -23.30M | -269.50M | -23.90M |
| Income Before Tax | -677.00M | 399.00M | 513.00M | -1.14B | 177.00M | 1.01B | 878.00M | 1.21B | 608.00M | 687.00M | 813.00M | 440.00M | 618.00M | 8.00M | -357.00M | 186.00M | 464.00M | -22.00M | 489.00M | 322.70M | -689.90M | -17.90M | -273.00M | 58.80M | 296.70M | 1.00B | 800.00M | 122.30M | 925.80M | 865.70M | 784.90M | 629.90M | 270.70M | 55.90M | 470.90M | 537.50M | 872.40M | 238.40M | 456.50M |
| Income Before Tax Ratio | -3.37% | 1.92% | 2.94% | -9.25% | 1.20% | 6.53% | 5.71% | 7.96% | 3.70% | 3.79% | 4.16% | 2.10% | 2.71% | 0.04% | -2.19% | 0.95% | 2.36% | -0.11% | 2.48% | 1.76% | -4.56% | -0.13% | -1.93% | 0.41% | 2.30% | 7.94% | 6.08% | 0.93% | 7.03% | 7.04% | 6.74% | 5.34% | 2.48% | 0.50% | 4.33% | 4.97% | 8.81% | 2.62% | 4.76% |
| Income Tax Expense | 10.00M | 190.00M | -267.00M | 110.00M | 474.00M | 303.00M | 513.00M | -77.00M | 232.00M | -1.83B | 138.00M | 203.00M | 201.00M | 172.00M | 7.00M | 209.00M | 255.00M | 106.00M | 250.00M | 207.90M | 112.20M | 1.09B | -69.40M | 18.50M | 55.60M | 285.70M | 241.30M | 20.60M | 314.80M | 298.70M | 296.20M | 262.60M | 196.20M | 94.20M | 281.50M | 187.40M | 358.50M | 137.70M | 155.20M |
| Net Income | -689.00M | 202.00M | 764.00M | -1.25B | -297.00M | 693.00M | 346.00M | 1.26B | 307.00M | 2.45B | 629.00M | 212.00M | 343.00M | -216.00M | -375.00M | -77.00M | 602.00M | -330.00M | 228.00M | 114.80M | -802.10M | -1.11B | -203.60M | 40.30M | 241.10M | 682.30M | 558.70M | 101.70M | 611.00M | 567.00M | 387.80M | -658.60M | 74.50M | -38.30M | 189.40M | 350.10M | 770.90M | 124.10M | 412.40M |
| Net Income Ratio | -3.43% | 0.97% | 4.37% | -10.15% | -2.01% | 4.48% | 2.25% | 8.34% | 1.87% | 13.52% | 3.22% | 1.01% | 1.51% | -1.15% | -2.30% | -0.40% | 3.06% | -1.63% | 1.16% | 0.62% | -5.31% | -7.98% | -1.44% | 0.28% | 1.87% | 5.40% | 4.25% | 0.78% | 4.64% | 4.61% | 3.33% | -5.59% | 0.68% | -0.34% | 1.74% | 3.24% | 7.78% | 1.36% | 4.30% |
| EPS | -2.42 | 0.89 | 2.92 | -5.34 | -1.27 | 2.92 | 1.39 | 4.81 | 1.14 | 9.13 | 2.44 | 0.75 | 1.32 | -0.89 | -1.56 | -0.32 | 3.00 | -1.86 | 1.30 | 0.65 | -4.58 | -6.62 | -1.27 | 0.32 | 1.55 | 4.07 | 3.58 | 0.66 | 4.02 | 3.75 | 2.64 | -4.62 | 0.62 | -0.33 | 1.64 | 3.06 | 6.37 | 0.58 | 1.93 |
| EPS Diluted | -2.42 | 0.89 | 2.89 | -5.34 | -1.27 | 2.90 | 1.37 | 4.74 | 1.12 | 8.78 | 2.28 | 0.74 | 1.26 | -0.89 | -1.56 | -0.32 | 2.65 | -1.86 | 1.16 | 0.63 | -4.58 | -6.62 | -1.27 | 0.31 | 1.53 | 4.03 | 3.53 | 0.65 | 4.02 | 3.75 | 2.64 | -4.62 | 0.62 | -0.33 | 1.64 | 3.06 | 6.37 | 0.58 | 1.93 |
| Weighted Avg Shares Out | 285.00M | 234.00M | 261.00M | 234.00M | 233.00M | 237.00M | 249.00M | 263.00M | 269.00M | 268.00M | 246.00M | 245.00M | 244.00M | 242.00M | 241.00M | 241.00M | 201.00M | 177.00M | 176.11M | 175.38M | 175.05M | 166.92M | 159.81M | 125.94M | 156.18M | 156.63M | 156.06M | 154.09M | 152.12M | 151.20M | 146.89M | 142.55M | 120.16M | 116.06M | 115.49M | 114.41M | 121.02M | 213.97M | 213.68M |
| Weighted Avg Shares Out (Dil) | 285.00M | 234.00M | 264.00M | 234.00M | 233.00M | 239.00M | 253.00M | 266.00M | 273.00M | 279.00M | 277.00M | 247.00M | 271.00M | 242.00M | 241.00M | 241.00M | 232.00M | 177.00M | 208.73M | 192.26M | 175.05M | 166.92M | 159.81M | 130.00M | 158.94M | 158.19M | 158.27M | 156.46M | 152.12M | 151.20M | 146.89M | 142.55M | 120.16M | 116.06M | 115.49M | 114.41M | 121.02M | 213.97M | 213.68M |
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