Twin Disc, Incorporated
- Open
- 22.81
- Day high
- 23.33
- Day low
- 22.75
- Prev close
- 22.62
- Volume
- 16K
- Mkt cap
- $332M
- P/E (TTM)
- 12.0
- EPS (TTM)
- $1.92
- P/B
- 1.5
- P/S
- 0.9
- Yield
- 0.57%
- Per share
- $0.13
Twin Disc, Incorporated (TWIN) is a Industrials company listed on NASDAQ. The stock is up 87% over the past year. Drillr has 1 published research article covering TWIN.
Twin Disc, Incorporated (TWIN) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TWIN earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 20, 2026 | $0.23 | $0.64 | +178.3% | $114M | +14.0% |
| May 6, 2026 | $0.25 | $0.23 | -8.0% | $97M | +2.1% |
| Feb 4, 2026 | $0.21 | $0.04 | -81.0% | $90M | -4.8% |
| Nov 5, 2025 | $0.02 | $-0.04 | -300.0% | $80M | -18.9% |
| Aug 21, 2025 | $0.26 | $0.10 | -61.5% | $97M | +20.8% |
| Feb 5, 2025 | — | $0.07 | — | $90M | — |
| Aug 15, 2024 | $0.33 | $0.32 | -3.0% | $84M | +7.0% |
| Apr 30, 2024 | $0.33 | $0.27 | -18.2% | $74M | -6.0% |
| Feb 7, 2024 | $0.13 | $0.07 | -46.2% | $73M | +5.9% |
| Nov 2, 2023 | $0.10 | $-0.09 | -190.0% | $64M | +3.8% |
| Aug 16, 2023 | $0.27 | $0.62 | +129.6% | $84M | +24.0% |
| Apr 28, 2023 | $0.13 | $0.20 | +53.8% | $74M | +9.0% |
TWIN insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 7, 2026 | BATTEN JOHN Hdirector, 10 percent owner, officer: President and CEO | Tax | 36,986 | $24.01 |
| Aug 7, 2026 | BATTEN JOHN Hdirector, 10 percent owner, officer: President and CEO | Grant | 18,756 | $24.01 |
| Aug 7, 2026 | Knutson Jeffrey Scottofficer: VP Finance, CFO, Secr & Trea | Tax | 18,158 | $24.01 |
| Aug 7, 2026 | Knutson Jeffrey Scottofficer: VP Finance, CFO, Secr & Trea | Grant | 8,734 | $24.01 |
| Aug 7, 2026 | Knutson Jeffrey Scottofficer: VP Finance, CFO, Secr & Trea | Grant | 38,638 | $24.01 |
| Aug 7, 2026 | BATTEN JOHN Hdirector, 10 percent owner, officer: President and CEO | Grant | 78,693 | $24.01 |
| Aug 7, 2026 | BATTEN JOHN Hdirector, 10 percent owner, officer: President and CEO | Tax | 15,479 | $23.34 |
| Aug 7, 2026 | Knutson Jeffrey Scottofficer: VP Finance, CFO, Secr & Trea | Tax | 7,600 | $23.34 |
| Aug 4, 2026 | Johnson David Wdirector | Grant | 179 | $22.74 |
| Aug 4, 2026 | DOAR MICHAELdirector | Grant | 357 | $22.74 |
| Jun 8, 2026 | Knutson Jeffrey Scottofficer: VP Finance, CFO, Secr & Trea | Grant | 7,044 | $19.06 |
| May 1, 2026 | DOAR MICHAELdirector | Grant | 475 | $17.12 |
| May 1, 2026 | Johnson David Wdirector | Grant | 237 | $17.12 |
| Mar 5, 2026 | BATTEN JOHN Hdirector, 10 percent owner, officer: President and CEO | Grant | 5,040 | $18.00 |
| Mar 5, 2026 | Knutson Jeffrey Scottofficer: VP Finance, CFO, Secr & Trea | Grant | 3,198 | $18.25 |
Source: TWIN SEC Form 4 filings, latest Aug 7, 2026. For informational purposes only — not investment advice.
See the full TWIN insider & 13F page →Twin Disc, Incorporated company profile
Overview
Twin Disc, Incorporated (NASDAQ:TWIN) is a century-old industrial machinery manufacturer founded in 1918 and headquartered in Racine, Wisconsin. The company has evolved from its origins as a power transmission specialist into a global provider of marine propulsion systems and heavy-duty off-highway transmission equipment. Twin Disc operates through two primary segments: Manufacturing and Distribution, serving customers worldwide in marine, industrial, and energy markets. The company has been publicly traded since 1980 and has built its reputation on engineering robust power transmission solutions for demanding applications ranging from luxury yachts to military vessels and industrial equipment.
Business
Twin Disc operates in the specialized industrial machinery sector, focusing on power transmission equipment for marine and heavy-duty off-highway applications. The company's core business revolves around designing, manufacturing, and distributing mechanical systems that transfer power from engines to propellers, wheels, or other driven equipment. The company's product portfolio spans several key categories. Marine transmissions are mechanical gearboxes that transfer power from boat engines to propellers, allowing vessels to move forward, reverse, and control speed. Azimuth drives and surface drives are advanced propulsion systems that can rotate 360 degrees, providing superior maneuverability for vessels. The company also manufactures propellers and boat management systems that integrate various vessel controls. For land-based applications, Twin Disc produces power-shift transmissions used in heavy equipment, hydraulic torque converters that provide smooth power transfer, and power take-offs that allow engines to operate auxiliary equipment. Industrial clutches and control systems round out the mechanical power transmission offerings. Based on recent financial reports, the company's revenue is distributed across three main segments: Marine and Propulsion Systems generates approximately 50-55% of total revenue, Land-Based Transmissions accounts for roughly 25-30%, and the Industrial segment contributes about 15-20%. The company also distributes non-Twin Disc manufactured products, which provides additional revenue streams and helps maintain customer relationships.
Revenue model
Twin Disc generates revenue primarily through direct product sales of engineered power transmission equipment. The company sells both original equipment and replacement parts, with aftermarket sales providing a steady revenue stream throughout equipment lifecycles. Customers include boat manufacturers, industrial equipment producers, oil and gas companies, government agencies, and end-users requiring specialized power transmission solutions. The company employs a dual go-to-market strategy, selling through both a direct sales force and an established distributor network. This approach allows Twin Disc to maintain close relationships with large original equipment manufacturers while also reaching smaller customers and providing global coverage for aftermarket support. Several factors significantly impact Twin Disc's profitability margins. Commodity prices for steel and other raw materials directly affect manufacturing costs, while supply chain disruptions can increase component costs and lead times. The company's margins benefit from its focus on engineered solutions rather than commodity products, allowing for premium pricing. Oil and gas market cycles substantially influence demand, as this sector represents approximately 8-10% of revenue. Defense spending provides stability through military vessel orders, while luxury marine markets offer higher-margin opportunities. The company's ongoing shift toward hybrid and electric propulsion systems represents both an opportunity for higher-value products and a risk if traditional mechanical systems face displacement. Foreign exchange fluctuations also impact results given the company's global operations and customer base.
Competitive moat
Twin Disc possesses a moderate competitive moat built primarily on specialized engineering expertise and established customer relationships in niche markets. The company's century-long experience in power transmission has created deep technical knowledge that is difficult to replicate quickly. Their products often require custom engineering for specific applications, creating switching costs for customers who have integrated Twin Disc systems into their designs. The marine propulsion market, in particular, values reliability and performance over price, as equipment failures at sea can be catastrophic. This creates customer loyalty and allows Twin Disc to maintain relationships spanning decades. The company's global service network and parts availability provide additional defensive characteristics, as customers prefer suppliers who can support equipment throughout its operational life. However, Twin Disc's moat faces several challenges. The company operates in cyclical end markets, particularly oil and gas, which creates revenue volatility beyond management's control. Larger competitors like Caterpillar and Cummins have greater resources for research and development, potentially threatening Twin Disc's technological advantages. The ongoing transition toward electric and hybrid propulsion represents both opportunity and existential risk, as traditional mechanical transmissions may become obsolete in some applications. Additionally, the company's relatively small size limits its ability to invest heavily in new technologies compared to well-funded startups and large industrial conglomerates entering the electrification space.
Risks & safety
Twin Disc maintains a reasonable margin of safety with manageable financial risk, though recent performance shows mixed signals. • Liquidity and Solvency: Strong current ratio of 2.11x and cash position of $15.9 million provide adequate short-term liquidity. Total debt-to-equity ratio of 0.28x indicates conservative leverage. Free cash flow turned positive at $5.9 million in Q2 2025 after negative periods. • Valuation Metrics: Trading at 42.7x P/E ratio appears expensive given modest profitability, though this reflects recent earnings volatility. EV/EBITDA of 7.0x is more reasonable for an industrial manufacturer. Price-to-book ratio of 1.07x suggests shares trade near tangible book value. • Other Considerations: Six-month backlog provides revenue visibility, and the company maintains disciplined inventory management. However, exposure to cyclical end markets creates earnings volatility, and small scale limits financial flexibility during downturns.
Recent development
Over the past few years, Twin Disc has pursued a strategic transformation focused on three key areas: geographic expansion through acquisitions, technological advancement in electrification, and operational efficiency improvements. The company completed two significant acquisitions to expand its global footprint and capabilities. The Katsa Oy acquisition in Finland added power transmission components manufacturing and European market access, while the Casa acquisition strengthened the industrial segment. These moves support management's goal of reaching $500 million in revenue by 2030, up from approximately $295 million currently. Twin Disc has made substantial investments in hybrid and electric propulsion technologies, recognizing the marine industry's gradual shift toward cleaner power systems. The company is developing hybrid-ready marine transmissions and electric propulsion solutions, though commercialization remains in early stages. Management views electrification as both a growth opportunity and a necessary evolution to remain competitive. Operationally, the company has focused on inventory optimization and cost structure improvements. Recent quarters show successful working capital management, with inventory levels declining as a percentage of backlog. The company has also rationalized its global manufacturing footprint and implemented pricing strategies to offset inflationary pressures. These efforts contributed to improved cash generation, with fiscal 2024 producing $25 million in free cash flow compared to negative cash flow in prior periods.
TWIN company profile · for informational purposes only — not investment advice.
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