What is Twin Disc's operating income?

Twin Disc's total operating income in 2025 was $9.89 million, based on the following breakdown: Total Gross Profit: $92.73 million Total Operating Expenses: $82.84 million

Twin Disc (TWIN) Financials

$22.16 -0.14 (-0.61%)

As of 11:30 AM Eastern

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Annual Income Statements for Twin Disc

This table shows Twin Disc's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	11	-13	-6.29	9.53	11	-40	-30	10	10	11	-1.89
Consolidated Net Income / (Loss)	11	-13	-6.12	9.65	11	-40	-30	11	11	11	-1.60
Net Income / (Loss) Continuing Operations	11	-13	-6.12	9.65	11	-40	-30	11	11	11	-1.60
Total Pre-Tax Income	16	-25	-9.53	14	15	-44	-9.84	13	14	15	1.77
Total Operating Income	15	-25	-8.98	16	18	-40	-12	11	16	11	9.89
Total Gross Profit	83	41	48	81	90	56	51	69	74	83	93
Total Revenue	266	166	168	241	303	247	219	243	277	295	341
Operating Revenue	266	166	168	241	303	247	219	243	277	295	341
Total Cost of Revenue	183	126	120	160	213	191	168	174	203	212	248
Operating Cost of Revenue	183	126	120	160	213	191	168	174	203	212	248
Total Operating Expenses	68	65	57	64	71	96	63	58	58	72	83
Selling, General & Admin Expense	64	57	53	61	72	63	56	60	62	72	82
Restructuring Charge	3.28	0.92	1.79	3.40	1.18	5.14	7.38	0.97	0.18	0.22	0.41
Total Other Income / (Expense), net	0.41	-0.70	-0.55	-1.73	-3.99	-3.49	2.43	1.57	-1.60	3.89	-8.12
Interest Expense	0.61	0.43	0.30	0.28	1.93	1.86	-5.84	2.13	2.25	1.44	2.65
Other Income / (Expense), net	0.90	-0.42	-0.32	-1.50	-2.11	-1.63	-3.41	3.69	0.66	5.33	-5.47
Income Tax Expense	4.52	-12	-3.41	4.77	3.71	-4.17	20	1.82	3.79	4.12	3.37
Net Income / (Loss) Attributable to Noncontrolling Interest	0.21	0.09	0.18	0.12	0.12	0.25	0.20	0.31	0.30	0.26	0.30
Basic Earnings per Share	$0.99	($1.17)	($0.56)	$0.82	$0.84	($3.03)	($2.24)	$0.78	$0.77	$0.80	($0.14)
Weighted Average Basic Shares Outstanding	11.27M	11.20M	11.24M	11.30M	12.57M	13.15M	13.25M	13.35M	13.47M	13.68M	13.86M
Diluted Earnings per Share	$0.99	($1.17)	($0.56)	$0.82	$0.83	($3.03)	($2.24)	$0.78	$0.75	$0.79	($0.14)
Weighted Average Diluted Shares Outstanding	11.28M	11.20M	11.24M	11.40M	12.68M	13.15M	13.25M	13.38M	13.81M	13.88M	13.86M
Weighted Average Basic & Diluted Shares Outstanding	11.30M	11.20M	11.57M	11.52M	13.33M	13.55M	13.65M	13.78M	13.96M	14.11M	14.39M
Cash Dividends to Common per Share	$0.36	$0.18	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.12	$0.16

This table shows Twin Disc's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/30/2024	9/27/2024	12/27/2024	3/28/2025	6/30/2025	9/26/2025	12/26/2025	3/27/2026
Net Income / (Loss) Attributable to Common Shareholders	-1.17	0.93	3.82	7.41	-2.77	0.92	-1.47	1.42	-0.52	22	3.33
Consolidated Net Income / (Loss)	-1.08	0.94	3.90	7.49	-2.77	1.10	-1.42	1.50	-0.41	22	3.56
Net Income / (Loss) Continuing Operations	-1.08	0.94	3.90	7.49	-2.77	1.10	-1.42	1.50	-0.41	22	3.56
Total Pre-Tax Income	-0.54	2.60	4.30	9.01	-2.15	2.65	-0.28	1.54	0.57	0.70	5.40
Total Operating Income	-0.28	3.44	3.60	4.72	-0.17	2.76	1.95	5.35	2.24	2.09	5.82
Total Gross Profit	17	21	21	25	19	22	22	30	23	22	27
Total Revenue	64	73	74	84	73	90	81	97	80	90	97
Operating Revenue	64	73	74	84	73	90	81	97	80	90	97
Total Cost of Revenue	47	52	53	59	54	68	60	67	57	68	70
Operating Cost of Revenue	47	52	53	59	54	68	60	67	57	68	70
Total Operating Expenses	17	17	17	20	19	19	20	25	21	20	21
Selling, General & Admin Expense	17	17	17	20	19	19	20	25	21	21	21
Other Operating Expenses / (Income)	-	-	-	-	-	0.00	0.00	-	-	-0.37	0.05
Total Other Income / (Expense), net	-0.26	-0.84	0.70	4.29	-1.98	-0.11	-2.23	-3.80	-1.66	-1.39	-0.43
Interest Expense	0.39	0.39	0.26	0.39	0.64	0.50	0.66	0.86	0.80	0.77	0.79
Other Income / (Expense), net	0.14	-0.45	0.96	4.68	-1.34	0.39	-1.57	-2.95	-0.86	-0.62	0.36
Income Tax Expense	0.55	1.66	0.40	1.52	0.63	1.55	1.14	0.05	0.98	-22	1.84
Net Income / (Loss) Attributable to Noncontrolling Interest	0.09	0.01	0.08	0.09	-0.01	0.18	0.05	0.07	0.11	0.11	0.23
Basic Earnings per Share	($0.09)	$0.07	$0.28	$0.54	($0.20)	$0.07	($0.11)	$0.10	($0.04)	$1.58	$0.23
Weighted Average Basic Shares Outstanding	13.53M	13.72M	13.74M	13.68M	13.78M	13.87M	13.90M	13.86M	13.96M	14.17M	14.20M
Diluted Earnings per Share	($0.09)	$0.07	$0.27	$0.54	($0.20)	$0.07	($0.11)	$0.10	($0.04)	$1.55	$0.23
Weighted Average Diluted Shares Outstanding	13.53M	13.92M	13.90M	13.88M	13.78M	14.06M	13.90M	13.86M	13.96M	14.39M	14.42M
Weighted Average Basic & Diluted Shares Outstanding	13.96M	14.00M	14.00M	14.11M	14.10M	14.15M	14.15M	14.39M	14.39M	14.42M	14.42M
Cash Dividends to Common per Share	$0.00	$0.04	$0.04	-	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04

This table details how cash moves in and out of Twin Disc's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Change in Cash & Equivalents	-1.82	-4.66	-1.91	-1.20	-2.81	-1.67	1.65	0.18	0.74	6.81	-3.96
Net Cash From Operating Activities	17	3.39	3.18	6.51	-5.46	9.12	6.53	-8.31	23	34	24
Net Cash From Continuing Operating Activities	17	3.39	3.18	6.51	-5.46	9.12	6.53	-8.31	23	34	24
Net Income / (Loss) Continuing Operations	11	-13	-6.12	9.65	11	-40	-30	11	11	11	-1.60
Consolidated Net Income / (Loss)	11	-13	-6.12	9.65	11	-40	-30	11	11	11	-1.60
Depreciation Expense	10	8.85	7.02	6.46	9.34	12	11	9.55	9.36	9.98	15
Non-Cash Adjustments To Reconcile Net Income	3.98	9.25	4.35	2.30	6.10	31	0.57	-2.03	-1.13	2.65	5.63
Changes in Operating Assets and Liabilities, net	-8.46	-1.69	-2.08	-12	-32	5.73	24	-27	3.99	9.84	5.05
Net Cash From Investing Activities	-6.84	1.14	-3.04	-6.30	-67	-10	-2.74	5.90	-0.41	-32	-33
Net Cash From Continuing Investing Activities	-6.84	1.14	-3.04	-6.30	-67	-10	-2.74	5.90	-0.41	-32	-33
Purchase of Property, Plant & Equipment	-9.05	-4.21	-3.13	-6.33	-12	-11	-4.46	-4.73	-7.92	-8.71	-15
Acquisitions	-	-	-	0.00	-60	-	-	-	0.00	-23	-17
Sale of Property, Plant & Equipment	0.28	0.12	0.22	0.15	0.24	0.14	0.10	9.46	7.18	0.00	0.15
Other Investing Activities, net	1.93	1.73	-0.13	-0.13	-0.13	-0.06	0.12	0.68	0.33	-0.18	-0.65
Net Cash From Financing Activities	-9.20	-8.06	-2.44	-2.07	69	-1.06	-4.32	4.06	-20	2.75	-0.97
Net Cash From Continuing Financing Activities	-9.20	-8.06	-2.44	-2.07	69	-1.06	-4.32	4.06	-20	2.75	-0.97
Repayment of Debt	-88	-95	-56	-82	-154	-107	-80	-99	-100	-83	-125
Payment of Dividends	-4.28	-2.23	-0.11	-0.17	-0.12	-0.30	-0.22	-0.21	-0.24	-1.95	-2.59
Issuance of Debt	84	89	54	81	192	107	76	104	82	91	129
Other Financing Activities, net	-0.32	-0.53	-0.14	-0.39	-0.97	-0.91	-0.22	-1.42	-1.08	-2.71	-2.38
Effect of Exchange Rate Changes	-2.85	-1.14	0.40	0.66	-	-	-	-	-	2.41	5.92
Cash Interest Paid	0.57	0.47	0.30	0.30	1.91	1.86	2.37	2.25	2.16	1.38	2.22
Cash Income Taxes Paid	5.06	1.76	0.03	-0.01	1.93	3.48	3.26	3.19	3.59	1.72	3.84

This table details how cash moves in and out of Twin Disc's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/30/2024	9/27/2024	12/27/2024	3/28/2025	6/30/2025	9/26/2025	12/26/2025	3/27/2026
Net Change in Cash & Equivalents	7.17	0.59	2.82	-6.18	-3.36	-0.81	0.34	-0.14	-1.87	0.65	1.23
Net Cash From Operating Activities	9.80	6.25	6.23	11	-4.34	8.66	3.22	16	-7.52	4.56	5.31
Net Cash From Continuing Operating Activities	9.80	6.25	6.23	11	-4.34	8.66	3.22	16	-7.52	4.56	5.31
Net Income / (Loss) Continuing Operations	-1.08	0.94	3.90	7.49	-2.77	1.10	-1.42	1.50	-0.41	22	3.56
Consolidated Net Income / (Loss)	-1.08	0.94	3.90	7.49	-2.77	1.10	-1.42	1.50	-0.41	22	3.56
Depreciation Expense	2.49	2.54	2.47	2.48	3.24	3.30	3.66	4.71	3.46	3.34	3.42
Non-Cash Adjustments To Reconcile Net Income	4.17	0.30	0.91	-2.84	1.02	2.15	1.83	0.76	0.86	0.92	0.70
Changes in Operating Assets and Liabilities, net	4.23	2.47	-1.06	4.31	-5.83	2.12	-0.85	9.49	-11	-22	-2.37
Net Cash From Investing Activities	-3.65	-2.03	-2.09	-24	-2.72	-2.46	-19	-8.93	-3.44	-3.38	-3.34
Net Cash From Continuing Investing Activities	-3.65	-2.03	-2.09	-24	-2.72	-2.46	-19	-8.93	-3.44	-3.38	-3.34
Purchase of Property, Plant & Equipment	-3.69	-1.73	-2.18	-1.11	-2.36	-2.78	-2.31	-7.71	-3.43	-3.32	-3.56
Sale of Property, Plant & Equipment	0.00	-	-	-	0.01	0.03	0.06	0.05	0.00	-	0.23
Other Investing Activities, net	0.05	-0.30	0.09	-0.02	-0.37	0.29	-0.20	-0.38	-0.01	-0.06	-0.02
Net Cash From Financing Activities	0.64	-4.46	-1.27	7.84	0.93	-4.84	14	-11	9.87	-0.18	-0.05
Net Cash From Continuing Financing Activities	0.64	-4.46	-1.27	7.84	0.93	-4.84	14	-11	9.87	-0.18	-0.05
Repayment of Debt	-24	-28	-17	-15	-27	-29	-32	-37	-28	-25	-24
Payment of Dividends	0.00	-0.56	-0.56	-0.83	-0.57	-0.57	-0.57	-0.89	-0.57	-0.57	-0.58
Issuance of Debt	27	23	16	24	30	25	47	27	40	26	25
Other Financing Activities, net	-2.61	0.37	-0.21	-0.26	-1.80	-0.48	-0.63	0.53	-1.96	-0.30	-0.43

This table presents Twin Disc's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Total Assets	250	214	211	241	347	294	275	277	289	312	356
Total Current Assets	170	125	129	159	202	174	192	204	220	220	247
Cash & Equivalents	23	18	16	15	12	11	12	13	13	20	16
Accounts Receivable	44	25	31	45	44	31	39	45	55	52	59
Inventories, net	80	67	66	84	126	121	115	127	132	130	152
Other Current Assets	10	7.48	7.19	6.25	8.42	6.74	19	12	11	17	20
Plant, Property, & Equipment, net	56	52	48	55	71	58	45	42	39	58	70
Total Noncurrent Assets	24	37	33	27	-	62	38	30	31	34	39
Goodwill	13	5.12	2.59	2.69	26	-	-	-	-	0.00	2.89
Intangible Assets	2.19	2.16	2.01	1.91	25	19	17	13	13	13	13
Noncurrent Deferred & Refundable Income Taxes	4.88	-	-	-	18	24	2.51	2.18	2.24	2.34	2.81
Other Noncurrent Operating Assets	3.75	30	29	22	3.76	18	18	15	16	19	20
Total Liabilities & Shareholders' Equity	250	214	211	241	347	294	275	277	289	312	356
Total Liabilities	110	97	87	98	164	154	145	145	144	157	191
Total Current Liabilities	57	36	45	62	75	67	79	81	100	100	126
Short-Term Debt	3.57	-	-	0.00	2.00	4.69	2.00	2.00	2.01	2.00	3.00
Accounts Payable	21	15	21	29	31	26	31	29	36	33	39
Accrued Expenses	33	21	23	33	42	36	46	51	62	62	81
Other Current Liabilities	-	-	-	-	-	-	-	-	-	2.52	3.39
Total Noncurrent Liabilities	53	61	43	35	-	87	66	64	44	57	65
Long-Term Debt	10	8.50	6.32	4.82	40	38	30	35	17	24	28
Noncurrent Deferred & Payable Income Tax Liabilities	1.09	0.83	1.01	1.20	7.43	5.50	5.05	3.80	3.28	5.34	4.32
Noncurrent Employee Benefit Liabilities	38	49	34	21	26	28	11	9.97	7.61	7.85	12
Other Noncurrent Operating Liabilities	2.96	2.71	1.77	8.19	15	16	20	16	16	20	21
Total Equity & Noncontrolling Interests	140	117	124	144	-	140	131	131	146	155	164
Total Preferred & Common Equity	140	116	123	143	-	139	130	131	145	155	164
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	140	116	123	143	-	139	130	131	145	155	164
Common Stock	12	12	10	12	45	43	41	43	43	42	42
Retained Earnings	191	176	169	179	196	157	127	110	120	130	125
Treasury Stock	-28	-27	-24	-24	-21	-19	-15	-15	-12	-9.78	-7.40
Accumulated Other Comprehensive Income / (Loss)	-35	-44	-33	-24	-38	-41	-23	-6.97	-5.57	-6.91	3.73
Noncontrolling Interest	0.64	0.56	0.65	0.62	183	0.57	0.45	0.41	0.42	0.35	0.38

This table presents Twin Disc's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	9/27/2024	12/27/2024	3/28/2025	9/26/2025	12/26/2025	3/27/2026
Total Assets	278	285	289	324	307	333	364	384	391
Total Current Assets	209	217	219	230	217	232	255	252	260
Cash & Equivalents	20	21	24	17	16	16	14	15	16
Accounts Receivable	40	41	41	52	54	57	64	54	64
Inventories, net	126	132	130	144	128	138	158	163	160
Other Current Assets	13	12	13	18	19	20	18	20	20
Plant, Property, & Equipment, net	40	40	41	59	59	64	70	71	70
Total Noncurrent Assets	29	28	30	34	32	37	39	61	61
Goodwill	-	-	-	-	-	2.11	2.82	2.88	2.83
Intangible Assets	12	11	10	12	11	13	13	12	13
Noncurrent Deferred & Refundable Income Taxes	2.20	2.37	2.21	2.67	2.28	2.50	4.35	28	27
Other Noncurrent Operating Assets	15	15	17	19	19	20	19	18	18
Total Liabilities & Shareholders' Equity	278	285	289	324	307	333	364	384	391
Total Liabilities	138	139	142	166	160	183	203	199	204
Total Current Liabilities	92	98	99	103	103	110	122	119	124
Short-Term Debt	2.00	2.00	2.00	2.00	2.00	3.00	3.00	3.00	3.00
Accounts Payable	30	33	33	31	29	32	37	37	37
Accrued Expenses	61	63	63	70	69	72	79	75	81
Other Current Liabilities	-	-	-	-	2.81	3.16	3.34	3.45	3.66
Total Noncurrent Liabilities	46	42	43	62	57	73	80	80	80
Long-Term Debt	20	16	15	28	23	38	41	42	42
Noncurrent Deferred & Payable Income Tax Liabilities	3.15	3.16	2.97	5.75	4.71	4.77	5.57	5.63	5.43
Noncurrent Employee Benefit Liabilities	7.14	6.98	6.71	7.87	9.61	9.61	12	12	12
Other Noncurrent Operating Liabilities	16	16	18	21	20	21	22	22	21
Total Equity & Noncontrolling Interests	140	146	147	158	148	150	161	185	187
Total Preferred & Common Equity	140	145	146	158	147	149	160	185	186
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	140	145	146	158	147	149	160	185	186
Common Stock	39	40	40	40	40	41	38	38	39
Retained Earnings	119	119	123	126	127	125	124	146	149
Treasury Stock	-10	-9.80	-9.80	-8.11	-7.48	-7.45	-3.77	-3.25	-3.24
Accumulated Other Comprehensive Income / (Loss)	-8.62	-4.06	-7.09	-0.52	-12	-8.55	1.94	3.51	1.14
Noncontrolling Interest	0.57	0.61	0.65	0.49	0.61	0.69	0.57	0.65	0.86

This table displays calculated financial ratios and metrics derived from Twin Disc's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
DEI Shares Outstanding	11,268,011.00	11,350,174.00	11,519,133.00	11,551,285.00	13,098,512.00	13,405,993.00	13,647,116.00	13,651,611.00	13,815,707.00	-	14,147,661.00
DEI Adjusted Shares Outstanding	11,268,011.00	11,350,174.00	11,519,133.00	11,551,285.00	13,098,512.00	13,405,993.00	13,647,116.00	13,651,611.00	13,815,707.00	-	14,147,661.00
DEI Earnings Per Adjusted Shares Outstanding	0.99	-1.15	-0.55	0.82	0.81	-2.97	-2.18	0.77	0.75	-	-0.13
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.71%	-37.44%	1.14%	43.14%	25.73%	-18.44%	-11.45%	11.13%	14.02%	6.56%	15.45%
EBITDA Growth	35.64%	-160.92%	85.89%	1,025.52%	21.86%	-216.44%	85.18%	647.00%	7.42%	2.74%	-27.91%
EBIT Growth	83.84%	-252.70%	62.83%	257.53%	11.91%	-355.51%	62.56%	193.93%	13.50%	0.55%	-73.74%
NOPAT Growth	161.02%	-255.27%	63.50%	271.90%	27.43%	-304.67%	69.52%	209.90%	25.58%	-29.13%	-206.38%
Net Income Growth	194.19%	-214.30%	53.01%	257.76%	11.91%	-466.53%	25.40%	136.51%	-0.94%	5.33%	-114.22%
EPS Growth	209.38%	-218.18%	52.14%	246.43%	1.22%	-465.06%	26.07%	134.82%	-3.85%	5.33%	-117.72%
Operating Cash Flow Growth	-33.75%	-80.12%	-6.28%	104.88%	-183.87%	266.97%	-28.41%	-227.34%	375.45%	47.24%	-28.88%
Free Cash Flow Firm Growth	214.13%	-74.88%	-291.69%	28.61%	-637.03%	119.59%	-0.40%	-63.97%	249.20%	-109.35%	-1,741.60%
Invested Capital Growth	-10.23%	-18.13%	5.82%	17.39%	59.79%	-19.30%	-12.48%	3.19%	-2.79%	6.57%	11.77%
Revenue Q/Q Growth	-2.29%	-12.93%	6.96%	9.15%	-0.44%	-5.03%	3.23%	4.19%	2.96%	0.17%	3.73%
EBITDA Q/Q Growth	-13.09%	-170.11%	82.84%	45.35%	-30.50%	-1.21%	-1,696.40%	205.20%	-6.30%	2.18%	-19.85%
EBIT Q/Q Growth	-18.84%	-65.19%	55.45%	83.85%	-35.11%	-2.46%	-41.32%	757.54%	-10.42%	3.13%	-61.34%
NOPAT Q/Q Growth	-14.81%	-66.65%	57.50%	73.56%	-31.53%	-3.85%	-39.91%	-2.82%	-10.89%	-22.60%	-302.59%
Net Income Q/Q Growth	-14.34%	-85.40%	52.26%	98.21%	-16.73%	-15.88%	-204.73%	151.50%	-23.91%	5.75%	-136.35%
EPS Q/Q Growth	-13.91%	-80.00%	50.88%	105.00%	-41.13%	-2.71%	-194.74%	148.75%	-26.47%	6.76%	-146.67%
Operating Cash Flow Q/Q Growth	-27.29%	189.83%	-59.69%	29.68%	17.86%	-24.19%	-25.84%	-45.59%	296.91%	-12.00%	26.38%
Free Cash Flow Firm Q/Q Growth	15.88%	258.91%	-220.31%	49.39%	8.41%	-11.30%	594.92%	-84.29%	99.04%	-105.69%	7.60%
Invested Capital Q/Q Growth	-3.38%	-17.09%	8.94%	4.04%	-3.28%	-3.71%	-11.78%	2.99%	-3.20%	14.74%	2.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.24%	24.41%	28.68%	33.50%	29.62%	22.57%	23.27%	28.33%	26.84%	28.23%	27.21%
EBITDA Margin	9.99%	-9.72%	-1.36%	8.77%	8.50%	-12.14%	-2.03%	9.99%	9.42%	9.08%	5.67%
Operating Margin	5.83%	-14.79%	-5.34%	6.71%	6.11%	-16.31%	-5.61%	4.54%	5.80%	3.89%	2.90%
EBIT Margin	6.16%	-15.04%	-5.53%	6.08%	5.42%	-16.97%	-7.17%	6.06%	6.04%	5.70%	1.30%
Profit (Net Income) Margin	4.28%	-7.83%	-3.64%	4.01%	3.57%	-16.03%	-13.50%	4.44%	3.86%	3.81%	-0.47%
Tax Burden Percent	71.60%	51.44%	64.17%	66.90%	74.42%	90.47%	300.02%	85.53%	73.81%	73.18%	-90.39%
Interest Burden Percent	97.06%	101.12%	102.48%	98.45%	88.51%	104.44%	62.74%	85.55%	86.52%	91.42%	40.07%
Effective Tax Rate	28.40%	0.00%	0.00%	33.10%	25.58%	0.00%	0.00%	14.47%	26.19%	26.82%	190.39%
Return on Invested Capital (ROIC)	8.01%	-14.45%	-5.69%	8.75%	7.95%	-14.64%	-5.33%	6.18%	7.75%	5.39%	-5.25%
ROIC Less NNEP Spread (ROIC-NNEP)	4.18%	-58.92%	-7.40%	20.09%	-22.08%	-51.39%	-86.39%	12.29%	-0.27%	56.64%	64.38%
Return on Net Nonoperating Assets (RNNOA)	-0.22%	4.33%	0.61%	-1.53%	-1.34%	-9.88%	-16.49%	2.05%	-0.03%	2.09%	4.25%
Return on Equity (ROE)	7.79%	-10.12%	-5.08%	7.22%	6.61%	-24.52%	-21.82%	8.23%	7.72%	7.48%	-1.00%
Cash Return on Invested Capital (CROIC)	18.78%	5.48%	-11.35%	-7.25%	-38.08%	6.71%	7.98%	3.03%	10.57%	-0.97%	-16.37%
Operating Return on Assets (OROA)	6.34%	-10.79%	-4.38%	6.48%	5.57%	-13.07%	-5.51%	5.34%	5.91%	5.59%	1.32%
Return on Assets (ROA)	4.41%	-5.61%	-2.88%	4.27%	3.67%	-12.35%	-10.37%	3.91%	3.77%	3.74%	-0.48%
Return on Common Equity (ROCE)	7.75%	-10.07%	-5.06%	7.19%	6.59%	-24.43%	-21.73%	8.21%	7.69%	7.46%	-1.00%
Return on Equity Simple (ROE_SIMPLE)	8.16%	-11.17%	-4.97%	6.75%	5.92%	-28.39%	-22.67%	8.24%	7.36%	7.27%	0.00%
Net Operating Profit after Tax (NOPAT)	11	-17	-6.28	11	14	-28	-8.59	9.44	12	8.40	-8.94
NOPAT Margin	4.17%	-10.35%	-3.74%	4.49%	4.55%	-11.41%	-3.93%	3.89%	4.28%	2.85%	-2.62%
Net Nonoperating Expense Percent (NNEP)	3.83%	44.47%	1.71%	-11.34%	30.03%	36.74%	81.05%	-6.12%	8.01%	-51.24%	-69.63%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	-4.56%
Cost of Revenue to Revenue	68.76%	75.59%	71.32%	66.50%	70.38%	77.43%	76.73%	71.67%	73.16%	71.77%	72.79%
SG&A Expenses to Revenue	24.18%	34.35%	31.38%	25.38%	23.64%	25.61%	25.51%	24.74%	22.47%	24.27%	24.19%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.41%	39.21%	34.02%	26.79%	23.51%	38.88%	28.88%	23.78%	21.04%	24.34%	24.31%
Earnings before Interest and Taxes (EBIT)	16	-25	-9.30	15	16	-42	-16	15	17	17	4.42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	-16	-2.28	21	26	-30	-4.44	24	26	27	19
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.47	1.03	1.50	1.98	1.07	0.53	1.47	0.94	1.06	1.06	0.76
Price to Tangible Book Value (P/TBV)	1.64	1.10	1.55	2.05	1.49	0.61	1.70	1.04	1.16	1.16	0.84
Price to Revenue (P/Rev)	0.77	0.72	1.09	1.18	0.65	0.30	0.88	0.50	0.56	0.56	0.36
Price to Earnings (P/E)	18.33	0.00	0.00	29.76	18.33	0.00	0.00	11.69	14.82	14.96	0.00
Dividend Yield	1.98%	3.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.02%	1.82%
Earnings Yield	5.46%	0.00%	0.00%	3.36%	5.46%	0.00%	0.00%	8.56%	6.75%	6.68%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.50	1.04	1.54	2.05	1.06	0.62	1.41	0.95	1.06	1.06	0.78
Enterprise Value to Revenue (EV/Rev)	0.74	0.67	1.04	1.14	0.75	0.43	0.97	0.60	0.58	0.58	0.41
Enterprise Value to EBITDA (EV/EBITDA)	7.39	0.00	0.00	12.97	8.80	0.00	0.00	6.04	6.12	6.36	7.25
Enterprise Value to EBIT (EV/EBIT)	11.98	0.00	0.00	18.69	13.81	0.00	0.00	9.96	9.55	10.14	31.72
Enterprise Value to NOPAT (EV/NOPAT)	17.70	0.00	0.00	25.34	16.44	0.00	0.00	15.55	13.47	20.29	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	11.50	32.83	54.89	42.05	0.00	11.62	32.51	0.00	6.97	5.06	5.84
Enterprise Value to Free Cash Flow (EV/FCFF)	7.54	17.04	0.00	0.00	0.00	8.20	16.50	31.66	9.86	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.07	0.05	0.03	0.23	0.30	0.25	0.28	0.13	0.17	0.19
Long-Term Debt to Equity	0.07	0.07	0.05	0.03	0.22	0.27	0.23	0.26	0.11	0.15	0.17
Financial Leverage	-0.05	-0.07	-0.08	-0.08	0.06	0.19	0.19	0.17	0.11	0.04	0.07
Leverage Ratio	1.77	1.80	1.77	1.69	1.80	1.99	2.10	2.11	2.04	2.00	2.09
Compound Leverage Factor	1.72	1.82	1.81	1.67	1.59	2.07	1.32	1.80	1.77	1.83	0.84
Debt to Total Capital	8.96%	6.77%	4.87%	3.25%	18.86%	23.33%	19.71%	21.79%	11.35%	14.27%	16.06%
Short-Term Debt to Total Capital	2.32%	0.00%	0.00%	0.00%	0.89%	2.57%	1.23%	1.19%	1.22%	1.11%	1.53%
Long-Term Debt to Total Capital	6.64%	6.77%	4.87%	3.25%	17.97%	20.76%	18.49%	20.59%	10.12%	13.17%	14.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.42%	0.45%	0.50%	0.42%	0.27%	0.31%	0.28%	0.25%	0.26%	0.19%	0.19%
Common Equity to Total Capital	90.62%	92.78%	94.63%	96.33%	80.87%	76.36%	80.01%	77.97%	88.39%	85.53%	83.75%
Debt to EBITDA	0.52	-0.53	-2.77	0.23	1.65	-1.42	-7.23	1.51	0.71	0.96	1.63
Net Debt to EBITDA	-0.34	0.60	4.40	-0.49	1.17	-1.06	-4.45	0.99	0.21	0.21	0.79
Long-Term Debt to EBITDA	0.39	-0.53	-2.77	0.23	1.57	-1.27	-6.78	1.42	0.64	0.89	1.47
Debt to NOPAT	1.24	-0.49	-1.01	0.45	3.09	-1.51	-3.74	3.87	1.57	3.07	-3.52
Net Debt to NOPAT	-0.82	0.57	1.60	-0.96	2.19	-1.13	-2.30	2.54	0.45	0.68	-1.72
Long-Term Debt to NOPAT	0.92	-0.49	-1.01	0.45	2.94	-1.35	-3.50	3.66	1.40	2.83	-3.18
Altman Z-Score	4.01	2.79	3.52	4.46	2.98	1.84	2.54	2.65	2.87	2.80	2.29
Noncontrolling Interest Sharing Ratio	0.47%	0.47%	0.50%	0.47%	0.37%	0.36%	0.38%	0.33%	0.30%	0.26%	0.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.98	3.46	2.91	2.55	2.69	2.61	2.44	2.52	2.20	2.21	1.96
Quick Ratio	1.17	1.21	1.07	0.97	0.75	0.62	0.66	0.72	0.68	0.73	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	26	6.53	-13	-8.94	-66	13	13	4.63	16	-1.51	-28
Operating Cash Flow to CapEx	194.53%	82.91%	108.98%	105.42%	-46.52%	86.33%	149.66%	0.00%	3,090.15%	387.23%	159.75%
Free Cash Flow to Firm to Interest Expense	42.93	15.34	-41.34	-31.71	-34.20	6.94	0.00	2.18	7.18	-1.05	-10.53
Operating Cash Flow to Interest Expense	28.15	7.96	10.49	23.09	-2.83	4.90	0.00	-3.91	10.16	23.37	9.06
Operating Cash Flow Less CapEx to Interest Expense	13.68	-1.64	0.86	1.19	-8.93	-0.78	0.00	-1.69	9.83	17.33	3.39
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.03	0.72	0.79	1.06	1.03	0.77	0.77	0.88	0.98	0.98	1.02
Accounts Receivable Turnover	6.32	4.80	5.93	6.27	6.77	6.61	6.23	5.72	5.53	5.52	6.13
Inventory Turnover	2.06	1.71	1.81	2.13	2.03	1.55	1.42	1.44	1.56	1.61	1.76
Fixed Asset Turnover	4.56	3.08	3.37	4.64	4.78	3.81	4.21	5.58	6.90	6.10	5.34
Accounts Payable Turnover	8.53	7.09	6.66	6.32	7.00	6.69	5.92	5.85	6.23	6.13	6.95
Days Sales Outstanding (DSO)	57.75	76.00	61.59	58.23	53.93	55.23	58.59	63.82	66.03	66.15	59.53
Days Inventory Outstanding (DIO)	177.57	213.17	201.99	171.22	179.82	235.37	256.33	253.75	233.31	226.10	207.83
Days Payable Outstanding (DPO)	42.78	51.47	54.80	57.76	52.12	54.55	61.67	62.42	58.57	59.53	52.49
Cash Conversion Cycle (CCC)	192.54	237.70	208.78	171.69	181.63	236.04	253.25	255.15	240.77	232.72	214.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	131	107	114	133	213	172	150	155	151	161	180
Invested Capital Turnover	1.92	1.40	1.52	1.95	1.75	1.28	1.36	1.59	1.81	1.89	2.00
Increase / (Decrease) in Invested Capital	-15	-24	6.24	20	80	-41	-21	4.81	-4.33	9.91	19
Enterprise Value (EV)	196	111	174	274	226	106	212	147	160	170	140
Market Capitalization	205	121	184	284	196	73	192	122	154	164	124
Book Value per Share	$12.38	$10.26	$10.67	$12.38	$13.91	$10.40	$9.54	$9.58	$10.50	$11.05	$11.59
Tangible Book Value per Share	$11.05	$9.62	$10.27	$11.98	$9.99	$8.98	$8.26	$8.63	$9.59	$10.15	$10.44
Total Capital	154	126	130	148	225	183	163	168	164	181	196
Total Debt	14	8.50	6.32	4.82	42	43	32	37	19	26	31
Total Long-Term Debt	10	8.50	6.32	4.82	40	38	30	35	17	24	28
Net Debt	-9.13	-9.77	-10	-10	30	32	20	24	5.36	5.74	15
Capital Expenditures (CapEx)	8.77	4.09	2.92	6.18	12	11	4.36	-4.73	0.74	8.71	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	93	71	69	82	117	101	103	113	108	102	108
Debt-free Net Working Capital (DFNWC)	116	89	85	97	129	112	115	125	122	122	124
Net Working Capital (NWC)	113	89	85	97	127	107	113	123	120	120	121
Net Nonoperating Expense (NNE)	-0.30	-4.20	-0.17	1.16	2.97	11	21	-1.34	1.18	-2.85	-7.34
Net Nonoperating Obligations (NNO)	-9.13	-9.77	-10	-10	30	32	20	24	5.36	5.74	15
Total Depreciation and Amortization (D&A)	10	8.85	7.02	6.46	9.34	12	11	9.55	9.36	9.98	15
Debt-free, Cash-free Net Working Capital to Revenue	35.14%	42.48%	40.76%	33.96%	38.62%	41.02%	47.15%	46.46%	39.12%	34.58%	31.70%
Debt-free Net Working Capital to Revenue	43.77%	53.47%	50.49%	40.26%	42.71%	45.35%	52.80%	51.61%	43.91%	41.38%	36.43%
Net Working Capital to Revenue	42.43%	53.47%	50.49%	40.26%	42.05%	43.45%	51.88%	50.79%	43.19%	40.70%	35.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.99	($1.17)	($0.56)	$0.82	$0.84	($3.03)	($2.24)	$0.61	$0.77	$0.80	($0.14)
Adjusted Weighted Average Basic Shares Outstanding	11.27M	11.20M	11.24M	11.30M	12.57M	13.15M	13.25M	13.35M	13.47M	13.68M	13.86M
Adjusted Diluted Earnings per Share	$0.99	($1.17)	($0.56)	$0.82	$0.83	($3.03)	($2.24)	$0.60	$0.75	$0.79	($0.14)
Adjusted Weighted Average Diluted Shares Outstanding	11.28M	11.20M	11.24M	11.40M	12.68M	13.15M	13.25M	13.38M	13.81M	13.88M	13.86M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.32M	11.44M	11.57M	11.52M	13.33M	13.55M	13.65M	13.78M	13.96M	14.11M	14.39M
Normalized Net Operating Profit after Tax (NOPAT)	13	-11	-3.18	13	15	-5.26	-3.43	10	12	8.56	7.21
Normalized NOPAT Margin	5.06%	-6.77%	-1.89%	5.43%	4.84%	-2.13%	-1.57%	4.23%	4.33%	2.90%	2.12%
Pre Tax Income Margin	5.98%	-15.21%	-5.67%	5.99%	4.79%	-17.72%	-4.50%	5.19%	5.22%	5.21%	0.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	27.03	-58.72	-30.69	51.94	8.51	-22.52	0.00	6.92	7.42	11.65	1.67
NOPAT to Interest Expense	18.30	-40.42	-20.74	38.31	7.14	-15.15	0.00	4.44	5.26	5.82	-3.38
EBIT Less CapEx to Interest Expense	12.56	-68.32	-40.31	30.04	2.41	-28.19	0.00	9.14	7.09	5.62	-4.00
NOPAT Less CapEx to Interest Expense	3.83	-50.02	-30.37	16.41	1.05	-20.83	0.00	6.66	4.93	-0.21	-9.05
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.60%	-17.16%	-1.78%	1.78%	1.07%	-0.75%	-0.75%	1.99%	2.21%	17.33%	-161.98%
Augmented Payout Ratio	37.60%	-17.16%	-1.78%	1.78%	1.07%	-0.75%	-0.75%	1.99%	2.21%	17.33%	-161.98%

This table displays calculated financial ratios and metrics derived from Twin Disc's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/30/2024	9/27/2024	12/27/2024	3/28/2025	6/30/2025	9/26/2025	12/26/2025	3/27/2026
DEI Shares Outstanding	13,962,628.00	13,960,861.00	13,995,627.00	-	-	-	14,145,862.00	14,147,661.00	14,390,226.00	14,388,031.00	14,421,658.00
DEI Adjusted Shares Outstanding	13,962,628.00	13,960,861.00	13,995,627.00	-	-	-	14,145,862.00	14,147,661.00	14,390,226.00	14,388,031.00	14,421,658.00
DEI Earnings Per Adjusted Shares Outstanding	-0.08	0.07	0.27	-	-	-	-0.10	0.10	-0.04	1.55	0.23
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.67%	15.22%	0.53%	0.59%	14.70%	23.19%	9.55%	14.52%	9.74%	0.29%	19.02%
EBITDA Growth	237.90%	-20.75%	-0.87%	5.05%	-26.27%	16.62%	-42.57%	-40.25%	179.64%	-25.38%	137.85%
EBIT Growth	90.11%	-38.29%	3.03%	5.73%	-955.24%	5.25%	-91.67%	-74.50%	190.85%	-53.27%	1,527.63%
NOPAT Growth	84.38%	-40.56%	-17.44%	-42.28%	41.07%	-7.56%	-58.30%	32.02%	-1,296.23%	5,773.91%	181.56%
Net Income Growth	18.20%	-46.91%	16.18%	8.88%	-155.96%	17.54%	-136.46%	-80.04%	85.14%	1,945.31%	350.07%
EPS Growth	18.18%	-46.15%	12.50%	10.20%	-122.22%	0.00%	-140.74%	-81.48%	80.00%	2,114.29%	309.09%
Operating Cash Flow Growth	1,508.33%	757.83%	-8.80%	-28.66%	-144.32%	38.65%	-48.35%	43.74%	-73.20%	-47.40%	64.99%
Free Cash Flow Firm Growth	183.07%	234.87%	1,665.77%	-153.81%	-521.93%	-219.00%	-274.83%	-129.62%	29.98%	169.97%	-11.18%
Invested Capital Growth	-4.88%	-6.29%	-10.09%	6.57%	21.00%	9.83%	24.67%	11.77%	11.26%	37.17%	23.33%
Revenue Q/Q Growth	-24.27%	14.85%	1.60%	13.83%	-13.65%	23.35%	-9.65%	19.00%	-17.26%	12.73%	7.22%
EBITDA Q/Q Growth	-79.28%	135.57%	27.35%	68.97%	-85.45%	272.59%	-37.29%	75.82%	-31.93%	-0.58%	99.90%
EBIT Q/Q Growth	-101.61%	2,190.21%	52.59%	106.16%	-116.05%	308.48%	-87.92%	531.05%	-42.83%	7.22%	320.75%
NOPAT Q/Q Growth	-102.88%	731.52%	164.06%	20.10%	-102.94%	1,090.64%	19.12%	280.23%	-131.12%	4,267.60%	-94.29%
Net Income Q/Q Growth	-115.73%	186.33%	317.11%	92.15%	-136.99%	139.65%	-229.39%	205.20%	-127.54%	5,555.83%	-84.18%
EPS Q/Q Growth	-118.37%	177.78%	285.71%	100.00%	-137.04%	135.00%	-257.14%	190.91%	-140.00%	3,975.00%	-85.16%
Operating Cash Flow Q/Q Growth	-38.89%	-36.29%	-0.30%	83.79%	-137.96%	299.33%	-62.86%	411.44%	-145.74%	160.54%	16.49%
Free Cash Flow Firm Q/Q Growth	-36.51%	53.05%	75.65%	-131.52%	-397.84%	56.83%	-158.06%	58.60%	-51.82%	143.13%	-510.06%
Invested Capital Q/Q Growth	-6.28%	0.84%	-1.71%	14.74%	6.41%	-8.48%	11.57%	2.87%	5.92%	12.84%	0.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.18%	28.30%	28.24%	29.72%	26.51%	24.11%	26.72%	31.05%	28.67%	24.80%	28.06%
EBITDA Margin	3.69%	7.57%	9.49%	14.08%	2.37%	7.16%	4.97%	7.35%	6.04%	5.33%	9.94%
Operating Margin	-0.44%	4.71%	4.86%	5.59%	-0.23%	3.07%	2.40%	5.53%	2.79%	2.31%	6.02%
EBIT Margin	-0.23%	4.09%	6.15%	11.14%	-2.07%	3.50%	0.47%	2.48%	1.71%	1.63%	6.40%
Profit (Net Income) Margin	-1.70%	1.28%	5.26%	8.88%	-3.80%	1.22%	-1.75%	1.55%	-0.52%	24.93%	3.68%
Tax Burden Percent	201.68%	36.00%	90.74%	83.18%	129.23%	41.46%	507.86%	96.95%	-72.15%	3,220.34%	65.91%
Interest Burden Percent	375.52%	86.89%	94.23%	95.81%	142.15%	84.27%	-73.68%	64.35%	41.65%	47.48%	87.23%
Effective Tax Rate	0.00%	64.00%	9.26%	16.82%	0.00%	58.54%	0.00%	3.05%	172.15%	-3,120.34%	34.09%
Return on Invested Capital (ROIC)	-0.61%	3.39%	8.77%	8.81%	-0.31%	2.73%	3.50%	10.73%	-3.88%	139.70%	7.40%
ROIC Less NNEP Spread (ROIC-NNEP)	-7.67%	-0.63%	20.86%	73.08%	-37.43%	1.13%	-27.92%	-24.25%	1.76%	-92.11%	6.34%
Return on Net Nonoperating Assets (RNNOA)	-0.73%	-0.03%	0.76%	2.70%	-1.80%	0.02%	-1.67%	-1.60%	0.24%	-10.68%	1.01%
Return on Equity (ROE)	-1.33%	3.35%	9.54%	11.51%	-2.11%	2.76%	1.83%	9.13%	-3.64%	129.02%	8.40%
Cash Return on Invested Capital (CROIC)	13.31%	14.16%	17.96%	-0.97%	-13.85%	-4.23%	-19.16%	-16.37%	-9.51%	23.34%	5.34%
Operating Return on Assets (OROA)	-0.23%	4.26%	6.31%	10.94%	-2.10%	3.80%	0.49%	2.53%	1.74%	1.64%	6.42%
Return on Assets (ROA)	-1.77%	1.33%	5.40%	8.72%	-3.85%	1.33%	-1.85%	1.58%	-0.52%	25.10%	3.69%
Return on Common Equity (ROCE)	-1.33%	3.34%	9.49%	11.48%	-2.10%	2.74%	1.83%	9.11%	-3.63%	128.53%	8.36%
Return on Equity Simple (ROE_SIMPLE)	7.82%	6.95%	7.27%	0.00%	6.07%	6.61%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.20	1.24	3.27	3.93	-0.12	1.14	1.36	5.18	-1.61	67	3.84
NOPAT Margin	-0.31%	1.70%	4.41%	4.65%	-0.16%	1.27%	1.68%	5.36%	-2.02%	74.53%	3.97%
Net Nonoperating Expense Percent (NNEP)	7.06%	4.02%	-12.09%	-64.27%	37.12%	1.60%	31.42%	34.98%	-5.64%	231.81%	1.05%
Return On Investment Capital (ROIC_SIMPLE)	-	0.76%	1.99%	-	-	0.66%	0.71%	2.65%	-0.79%	29.26%	1.66%
Cost of Revenue to Revenue	73.82%	71.70%	71.76%	70.28%	73.49%	75.89%	73.28%	68.95%	71.33%	75.20%	71.94%
SG&A Expenses to Revenue	26.62%	23.59%	23.19%	24.11%	26.73%	21.04%	24.32%	25.40%	25.88%	22.90%	21.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.62%	23.59%	23.38%	24.13%	26.73%	21.04%	24.32%	25.52%	25.88%	22.49%	22.04%
Earnings before Interest and Taxes (EBIT)	-0.14	2.99	4.56	9.40	-1.51	3.15	0.38	2.40	1.37	1.47	6.19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.35	5.52	7.04	12	1.73	6.44	4.04	7.10	4.84	4.81	9.61
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.36	1.53	1.56	1.06	1.15	1.09	0.74	0.76	1.26	1.32	1.18
Price to Tangible Book Value (P/TBV)	1.48	1.66	1.68	1.16	1.25	1.17	0.82	0.84	1.39	1.44	1.29
Price to Revenue (P/Rev)	0.67	0.76	0.77	0.56	0.59	0.50	0.34	0.36	0.58	0.70	0.60
Price to Earnings (P/E)	17.82	22.72	22.05	14.96	19.25	17.00	27.08	0.00	570.31	11.21	8.23
Dividend Yield	0.00%	0.25%	0.49%	1.02%	1.25%	1.41%	2.04%	1.82%	1.14%	0.94%	1.05%
Earnings Yield	5.61%	4.40%	4.54%	6.68%	5.20%	5.88%	3.69%	0.00%	0.18%	8.92%	12.14%
Enterprise Value to Invested Capital (EV/IC)	1.35	1.54	1.59	1.06	1.14	1.08	0.78	0.78	1.22	1.28	1.16
Enterprise Value to Revenue (EV/Rev)	0.67	0.75	0.75	0.58	0.64	0.53	0.41	0.41	0.67	0.79	0.68
Enterprise Value to EBITDA (EV/EBITDA)	6.90	8.38	8.47	6.36	7.43	6.24	5.64	7.25	10.32	13.22	9.44
Enterprise Value to EBIT (EV/EBIT)	10.61	13.62	13.63	10.14	12.59	10.84	11.91	31.72	31.72	48.89	21.79
Enterprise Value to NOPAT (EV/NOPAT)	15.89	19.50	20.46	20.29	24.14	22.01	30.83	0.00	110.98	2.71	4.86
Enterprise Value to Operating Cash Flow (EV/OCF)	5.73	5.66	5.80	5.06	9.93	7.69	7.17	5.84	11.12	16.46	13.25
Enterprise Value to Free Cash Flow (EV/FCFF)	9.91	10.55	8.36	0.00	0.00	0.00	0.00	0.00	0.00	6.34	23.89
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.15	0.12	0.12	0.17	0.19	0.17	0.27	0.19	0.27	0.24	0.24
Long-Term Debt to Equity	0.14	0.11	0.10	0.15	0.18	0.15	0.25	0.17	0.25	0.22	0.23
Financial Leverage	0.09	0.05	0.04	0.04	0.05	0.02	0.06	0.07	0.13	0.12	0.16
Leverage Ratio	2.07	2.02	2.01	2.00	2.02	2.02	2.09	2.09	2.15	2.08	2.15
Compound Leverage Factor	7.76	1.76	1.90	1.92	2.87	1.70	-1.54	1.34	0.90	0.99	1.88
Debt to Total Capital	13.38%	10.82%	10.39%	14.27%	15.86%	14.42%	21.35%	16.06%	21.37%	19.38%	19.46%
Short-Term Debt to Total Capital	1.24%	1.22%	1.22%	1.11%	1.06%	1.16%	1.57%	1.53%	1.47%	1.31%	1.30%
Long-Term Debt to Total Capital	12.15%	9.59%	9.17%	13.17%	14.80%	13.26%	19.78%	14.53%	19.90%	18.07%	18.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.35%	0.38%	0.40%	0.19%	0.26%	0.35%	0.36%	0.19%	0.28%	0.28%	0.37%
Common Equity to Total Capital	86.26%	88.81%	89.21%	85.53%	83.88%	85.23%	78.29%	83.75%	78.35%	80.34%	80.17%
Debt to EBITDA	0.78	0.67	0.65	0.96	1.14	0.92	1.69	1.63	1.95	2.14	1.71
Net Debt to EBITDA	0.04	-0.13	-0.26	0.21	0.50	0.33	1.02	0.79	1.31	1.43	1.10
Long-Term Debt to EBITDA	0.71	0.60	0.57	0.89	1.06	0.84	1.57	1.47	1.82	2.00	1.60
Debt to NOPAT	1.80	1.57	1.57	3.07	3.70	3.24	9.24	-3.52	20.97	0.44	0.88
Net Debt to NOPAT	0.10	-0.29	-0.63	0.68	1.62	1.17	5.56	-1.72	14.14	0.29	0.57
Long-Term Debt to NOPAT	1.63	1.39	1.39	2.83	3.45	2.98	8.56	-3.18	19.53	0.41	0.82
Altman Z-Score	2.95	3.11	3.13	2.72	2.60	2.70	2.32	2.27	2.48	2.61	2.58
Noncontrolling Interest Sharing Ratio	0.42%	0.44%	0.47%	0.26%	0.36%	0.42%	0.45%	0.23%	0.33%	0.38%	0.46%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.27	2.22	2.22	2.21	2.23	2.11	2.11	1.96	2.08	2.12	2.09
Quick Ratio	0.65	0.64	0.66	0.73	0.66	0.68	0.67	0.60	0.64	0.58	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	7.07	11	19	-5.99	-30	-13	-33	-14	-21	9.00	-37
Operating Cash Flow to CapEx	265.64%	361.19%	285.73%	1,031.83%	-184.62%	314.87%	143.12%	214.73%	-219.36%	137.20%	159.44%
Free Cash Flow to Firm to Interest Expense	17.93	27.59	72.23	-15.20	-46.88	-26.00	-50.32	-16.08	-26.10	11.66	-46.74
Operating Cash Flow to Interest Expense	24.88	15.93	23.67	29.04	-6.83	17.49	4.87	19.24	-9.41	5.90	6.72
Operating Cash Flow Less CapEx to Interest Expense	15.51	11.52	15.39	26.23	-10.53	11.94	1.47	10.28	-13.69	1.60	2.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.04	1.04	1.03	0.98	1.01	1.08	1.06	1.02	1.01	1.01	1.00
Accounts Receivable Turnover	7.14	7.28	6.90	5.52	6.67	6.76	6.69	6.13	6.03	6.49	5.99
Inventory Turnover	1.63	1.59	1.59	1.61	1.62	1.80	1.80	1.76	1.66	1.72	1.75
Fixed Asset Turnover	7.20	7.35	7.25	6.10	6.15	6.50	6.30	5.34	5.39	5.36	5.44
Accounts Payable Turnover	6.86	6.92	6.72	6.13	7.20	7.66	7.43	6.95	7.38	7.70	7.67
Days Sales Outstanding (DSO)	51.15	50.13	52.89	66.15	54.71	54.00	54.60	59.53	60.58	56.25	60.94
Days Inventory Outstanding (DIO)	224.31	230.19	229.36	226.10	225.63	202.49	203.06	207.83	219.25	211.85	208.49
Days Payable Outstanding (DPO)	53.17	52.72	54.28	59.53	50.70	47.63	49.13	52.49	49.47	47.41	47.60
Cash Conversion Cycle (CCC)	222.29	227.59	227.97	232.72	229.64	208.86	208.52	214.87	230.35	220.70	221.83
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	141	143	140	161	171	157	175	180	190	215	215
Invested Capital Turnover	1.96	2.00	1.99	1.89	1.95	2.15	2.09	2.00	1.92	1.87	1.86
Increase / (Decrease) in Invested Capital	-7.26	-9.58	-16	9.91	30	14	35	19	19	58	41
Enterprise Value (EV)	191	220	222	170	194	169	136	140	231	275	249
Market Capitalization	189	223	228	164	181	160	111	124	201	244	219
Book Value per Share	$10.00	$10.41	$10.45	$11.05	$11.17	$10.42	$10.57	$11.59	$11.14	$12.83	$12.87
Tangible Book Value per Share	$9.17	$9.61	$9.73	$10.15	$10.30	$9.65	$9.51	$10.44	$10.07	$11.78	$11.80
Total Capital	162	164	164	181	188	173	191	196	205	230	232
Total Debt	22	18	17	26	30	25	41	31	44	45	45
Total Long-Term Debt	20	16	15	24	28	23	38	28	41	42	42
Net Debt	1.23	-3.32	-6.80	5.74	13	8.97	25	15	29	30	29
Capital Expenditures (CapEx)	3.69	1.73	2.18	1.11	2.35	2.75	2.25	7.66	3.43	3.32	3.33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	99	100	98	102	112	100	109	108	121	121	123
Debt-free Net Working Capital (DFNWC)	119	121	122	122	129	116	125	124	135	136	139
Net Working Capital (NWC)	117	119	120	120	127	114	122	121	132	133	136
Net Nonoperating Expense (NNE)	0.89	0.30	-0.63	-3.57	2.66	0.05	2.78	3.69	-1.20	45	0.28
Net Nonoperating Obligations (NNO)	1.23	-3.32	-6.80	5.74	13	8.97	25	15	29	30	29
Total Depreciation and Amortization (D&A)	2.49	2.54	2.47	2.48	3.24	3.30	3.66	4.71	3.46	3.34	3.42
Debt-free, Cash-free Net Working Capital to Revenue	34.63%	33.99%	33.28%	34.58%	36.84%	31.11%	33.14%	31.70%	34.82%	34.89%	33.83%
Debt-free Net Working Capital to Revenue	41.81%	41.13%	41.37%	41.38%	42.33%	36.06%	38.09%	36.43%	38.91%	39.17%	38.26%
Net Working Capital to Revenue	41.11%	40.46%	40.69%	40.70%	41.67%	35.44%	37.17%	35.55%	38.05%	38.31%	37.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.07	$0.28	$0.54	($0.20)	$0.07	($0.11)	$0.10	($0.04)	$1.58	$0.23
Adjusted Weighted Average Basic Shares Outstanding	0.00	13.72M	13.74M	13.68M	13.78M	13.87M	13.90M	13.86M	13.96M	14.17M	14.20M
Adjusted Diluted Earnings per Share	$0.00	$0.07	$0.27	$0.54	($0.20)	$0.07	($0.11)	$0.10	($0.04)	$1.55	$0.23
Adjusted Weighted Average Diluted Shares Outstanding	0.00	13.92M	13.90M	13.88M	13.78M	14.06M	13.90M	13.86M	13.96M	14.39M	14.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	14.00M	14.00M	14.11M	14.10M	14.15M	14.15M	14.39M	14.39M	14.42M	14.42M
Normalized Net Operating Profit after Tax (NOPAT)	-0.20	2.41	3.39	3.93	-0.12	1.93	1.36	5.18	1.56	1.46	3.84
Normalized NOPAT Margin	-0.31%	3.30%	4.58%	4.65%	-0.16%	2.15%	1.68%	5.36%	1.96%	1.62%	3.97%
Pre Tax Income Margin	-0.85%	3.56%	5.80%	10.67%	-2.94%	2.95%	-0.34%	1.60%	0.71%	0.77%	5.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.36	7.63	17.34	23.87	-2.37	6.36	0.58	2.80	1.71	1.90	7.83
NOPAT to Interest Expense	-0.50	3.16	12.43	9.96	-0.18	2.31	2.07	6.06	-2.02	87.06	4.86
EBIT Less CapEx to Interest Expense	-9.73	3.21	9.06	21.05	-6.07	0.80	-2.83	-6.15	-2.57	-2.40	3.62
NOPAT Less CapEx to Interest Expense	-9.86	-1.25	4.14	7.15	-3.88	-3.24	-1.34	-2.90	-6.30	82.76	0.64
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	7.89%	12.74%	17.33%	26.36%	25.97%	57.56%	-161.98%	339.82%	11.70%	9.61%
Augmented Payout Ratio	0.00%	7.89%	12.74%	17.33%	26.36%	25.97%	57.56%	-161.98%	339.82%	11.70%	9.61%

Financials Breakdown Chart

Key Financial Trends

Twin Disc (NASDAQ: TWIN) has shown a sharp improvement in profitability over the last several quarters, but the business still appears to be operating with a fairly leveraged balance sheet and some volatile earnings history.

Looking at the most recent quarter, Q3 2026, revenue rose to $96.7 million from $90.2 million in Q2 2026 and $80.0 million in Q1 2026. Net income attributable to common shareholders came in at $3.3 million, down from $22.4 million in Q2 2026 but well above the loss posted in Q1 2026. That suggests the company has moved back into profitability, though results are still uneven quarter to quarter.

Margins also improved meaningfully from the weak Q1 2026 period. In Q3 2026, gross profit was $27.1 million, and operating income was $5.8 million. That compares favorably with Q1 2026, when the company posted an operating loss. However, operating expenses remain high relative to revenue, which limits profitability.

Cash generation has been positive in recent quarters. Twin Disc produced $5.3 million in operating cash flow in Q3 2026, after $4.6 million in Q2 2026 and a negative $7.5 million in Q1 2026. The rebound in operating cash flow is encouraging, especially after the weak first quarter.

On the balance sheet, liquidity looks adequate but not especially strong. As of Q3 2026, the company had $16.1 million in cash and equivalents, compared with $124.3 million in current liabilities. Current assets were $260.4 million against current liabilities of $124.3 million, implying a current ratio of a little over 2.0x, which is manageable.

Debt remains a notable part of the story. Twin Disc reported $45.1 million of total debt in Q3 2026, including $3.0 million of short-term debt and $42.1 million of long-term debt. Debt has moved around materially over the past year, so investors should keep an eye on how much of the company’s cash flow is going toward repayment and refinancing.

Revenue is growing year over year and quarter over quarter, with Q3 2026 sales of $96.7 million above both Q2 2026 and Q3 2025.
Profitability has recovered from a weak Q1 2026, with Q3 2026 net income attributable to common shareholders of $3.3 million.
Operating cash flow turned positive again, reaching $5.3 million in Q3 2026.
Gross profit improved substantially versus prior periods, helping support a return to operating income.
Current assets exceed current liabilities, suggesting the company can cover near-term obligations.
Inventory remains large at $160.3 million, which could support sales but also ties up working capital.
Capital spending continues, with $3.6 million spent on property, plant and equipment in Q3 2026.
Debt levels remain meaningful, and the company continues to use borrowing and repayment activity to manage liquidity.
Operating expenses are still elevated, limiting margin expansion even as revenue improves.
Quarterly earnings remain volatile, swinging from a loss in Q1 2026 to strong profit in Q2 2026 and a smaller profit in Q3 2026.

Bottom line: Twin Disc appears to be on better footing than it was at the start of fiscal 2026, with improving sales, a return to positive operating income, and healthier cash generation. Still, investors should watch whether the company can sustain these gains while managing debt and keeping costs under control.

07/17/26 11:31 AM ETAI Generated. May Contain Errors.

Twin Disc Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Twin Disc's financial year ends in June. Their financial year 2025 ended on June 30, 2025.

Twin Disc's net income appears to be on a downward trend, with a most recent value of -$1.60 million in 2025, falling from $11.39 million in 2015. The previous period was $11.25 million in 2024. Find out what analysts predict for Twin Disc in the coming months.

Twin Disc's total operating income in 2025 was $9.89 million, based on the following breakdown:

Total Gross Profit: $92.73 million
Total Operating Expenses: $82.84 million

Over the last 10 years, Twin Disc's total revenue changed from $265.79 million in 2015 to $340.74 million in 2025, a change of 28.2%.

Twin Disc's total liabilities were at $191.17 million at the end of 2025, a 21.8% increase from 2024, and a 74.3% increase since 2015.

In the past 10 years, Twin Disc's cash and equivalents has ranged from $10.69 million in 2020 to $22.94 million in 2015, and is currently $16.11 million as of their latest financial filing in 2025.

Over the last 10 years, Twin Disc's book value per share changed from 12.38 in 2015 to 11.59 in 2025, a change of -6.4%.

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Financial statements for NASDAQ:TWIN last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Twin Disc (TWIN) Financials

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Twin Disc (TWIN) Financials

Annual Income Statements for Twin Disc

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Twin Disc Financials - Frequently Asked Questions

When does Twin Disc's fiscal year end?

How has Twin Disc's net income changed over the last 10 years?

What is Twin Disc's operating income?

How has Twin Disc's revenue changed over the last 10 years?

How much debt does Twin Disc have?

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How has Twin Disc's book value per share changed over the last 10 years?

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