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TWIN

Twin Disc, Incorporated

TWIN

Twin Disc, Incorporated • NASDAQ
$15.55 ▲ 0.13% (+0.02)
Market Cap $223.68 M
52w High $17.08
52w Low $6.16
Dividend Yield 0.16%
P/E 777.5
Volume 9.52K
Outstanding Shares 14.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $79.996M ▼ $20.699M ▼ $-518K ▼ -0.648% ▼ $-0.037 ▼ $4.879M ▼
Q4-2025 $96.678M ▲ $24.673M ▲ $1.423M ▲ 1.472% ▲ $0.1 ▲ $7.103M ▲
Q3-2025 $81.242M ▼ $19.759M ▲ $-1.472M ▼ -1.812% ▼ $-0.11 ▼ $4.04M ▼
Q2-2025 $89.921M ▲ $18.92M ▼ $919K ▲ 1.022% ▲ $0.066 ▲ $6.442M ▲
Q1-2025 $72.897M $19.487M $-2.765M -3.793% $-0.2 $1.729M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $14.241M ▼ $363.536M ▲ $202.648M ▲ $160.317M ▼
Q4-2025 $16.109M ▼ $355.562M ▲ $191.171M ▲ $164.011M ▲
Q3-2025 $16.245M ▲ $332.882M ▲ $182.693M ▲ $149.497M ▲
Q2-2025 $15.906M ▼ $307.36M ▼ $159.726M ▼ $147.024M ▼
Q1-2025 $16.711M $323.547M $165.528M $157.531M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-518K ▼ $-7.524M ▼ $-3.439M ▲ $9.868M ▲ $-1.868M ▼ $-10.954M ▼
Q4-2025 $1.423M ▲ $16.448M ▲ $-8.929M ▲ $-11.154M ▼ $-136K ▼ $8.743M ▲
Q3-2025 $-1.421M ▼ $3.216M ▼ $-18.791M ▼ $14.098M ▲ $339K ▲ $906K ▼
Q2-2025 $919K ▲ $8.659M ▲ $-2.457M ▲ $-4.843M ▼ $-805K ▲ $5.879M ▲
Q1-2025 $-2.772M $-4.344M $-2.722M $934K $-3.359M $-6.706M

Revenue by Products

Product Q1-2026
Distribution Segment
Distribution Segment
 $20.00M ▲
Manufacturing Segment
Manufacturing Segment
 $60.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Twin Disc’s income statement shows a steady climb in sales over the past several years, which suggests its products continue to find demand in core markets like marine and industrial machinery. Profitability has improved from clear losses a few years ago to modest, but generally positive, operating profits more recently. Margins, however, remain fairly thin, which means the business is sensitive to cost pressures, volume swings, and mix of higher‑margin aftermarket versus original equipment sales. Recent earnings per share volatility hints at one‑time items or accounting adjustments, so the apparent dip in the latest year may not fully reflect the underlying operating trend. Overall, the company looks to have moved from repair mode to a more stable, but still finely balanced, earnings profile.

Balance Sheet

Balance Sheet The balance sheet appears relatively conservative. Total assets have grown gradually, reflecting ongoing investment and acquisitions rather than rapid, high‑risk expansion. Debt levels are present but not excessive compared with the company’s equity base, suggesting a moderate use of leverage and some flexibility to navigate downturns. Cash balances are not large, which puts more importance on consistent cash generation and access to credit lines. Equity has been edging up, indicating that retained earnings and past investments are slowly strengthening the company’s financial foundation, but there is not a large balance‑sheet shock absorber if markets turn sharply.

Cash Flow

Cash Flow Cash flow from operations has been mostly positive in recent years, which indicates that reported profits are largely supported by actual cash generation rather than just accounting earnings. Free cash flow has typically been positive as well, even after funding regular capital spending, though there was at least one year of strain where operating cash fell short. Capital expenditure has been modest but seems to be rising, consistent with the company’s push into new technologies and system integration. Overall, the cash profile looks adequate for a mid‑sized industrial firm, but not so strong that the company can invest aggressively without careful prioritization. Any downturn in orders or working‑capital swings could quickly tighten this picture.

Competitive Edge

Competitive Edge Twin Disc occupies a focused niche in high‑horsepower power transmission, especially in marine, off‑highway, and defense‑related applications. Its long operating history, installed base, and service network give it a meaningful advantage in aftermarket parts and support, where customers value reliability and downtime avoidance over lowest price. The move from selling stand‑alone components to delivering integrated propulsion systems deepens customer relationships and makes switching to competitors more cumbersome. At the same time, it competes against much larger global players with broader portfolios and deeper pockets, which can be a challenge in large bids or price‑sensitive markets. The company’s niche focus, brand reputation, and engineering customization form a real moat, but it remains exposed to cyclical capital spending in marine, energy, and industrial sectors.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic priority for Twin Disc, with emphasis on hybrid and electric propulsion and more intelligent, integrated control systems. Technologies like QuickShift, as well as the ability to bundle transmissions, controls, thrusters, and steering into a single, optimized package, differentiate its offering from more commodity‑style competitors. Recent acquisitions in hybrid drives and controls expand both its technology toolkit and its reach into cleaner, more efficient propulsion solutions. This shift aligns the company with tightening emissions rules and customer interest in lower fuel use, but it also raises execution risk, as new product development, integration of acquired businesses, and scaling of hybrid systems can be complex and capital‑intensive. Success here could lift margins and growth; missteps could pressure returns on the money and management attention being invested.

Summary

Twin Disc looks like a mature industrial business that has gradually repaired its profitability while leaning into a long‑term technology transition. Revenue has been trending upward, profits have stabilized but remain modest, and the balance sheet is reasonably solid without being overly conservative. The company’s strength lies in its specialized know‑how, brand, and service network in demanding marine and industrial niches, plus its evolution toward providing integrated propulsion systems rather than just parts. Its push into hybrid and electric solutions, supported by targeted acquisitions, offers real growth and margin potential but also brings integration and execution risks. Overall, the financials and strategy suggest a steady, niche player trying to reposition for the next generation of propulsion technology, with outcomes that will depend heavily on project execution, market adoption of hybrid systems, and the health of cyclical end markets like marine, defense, and heavy industry.

NEWS

November 26, 2025 · 8:06 AM UTC

Twin Disc to Present at NobleCon21

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November 5, 2025 · 4:10 PM UTC

TWIN HOSPITALITY GROUP INC. REPORTS FISCAL THIRD QUARTER 2025 FINANCIAL RESULTS

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October 30, 2025 · 4:30 PM UTC

Twin Disc Approves a Quarterly Cash Dividend

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October 1, 2025 · 4:30 PM UTC

Twin Disc to Present at Noble Virtual Equity Conference

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