Goodyear Q4 Revenues Miss by 0.6%, Operating Income Down 11.1%
Goodyear’s Q4 net revenue of $4.92 billion fell 0.6% year-over-year and missed the $4.93 billion estimate as tire volume declined 3% to 42.3 million units. Americas operating income dropped 11.1% to $233 million due to lower volumes and non-recurring recoveries, while EMEA sales rose 4.9% to $1.52 billion and cash dipped to $801 million.
1. Q4 Financial Results
Net revenue for Q4 was $4.92 billion, down 0.6% year-over-year and missing the $4.93 billion consensus, with tire shipments of 42.3 million units, a 3% decline from the prior year.
2. Segment Performance
The Americas segment generated $2.87 billion in revenue, down 0.8%, and operating income of $233 million, off 11.1% due to lower volumes and the non-recurrence of insurance recoveries. In EMEA, revenue rose 4.9% to $1.52 billion and operating profit jumped to $114 million, while Asia Pacific sales fell 12.9% to $528 million after the OTR tire business sale, cutting profit to $69 million.
3. Balance Sheet and Outlook
Cash and equivalents totaled $801 million at year-end, down from $810 million, while long-term debt and finance leases fell to $5.33 billion from $6.4 billion. Capital spending for 2025 was $826 million versus $1.19 billion in 2024, and guidance for 2026 calls for $825 million in capex, $400–425 million of interest expense, and approximately $915 million of depreciation and amortization.