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Twin Disc, Incorporated (TWIN)

NASDAQ / Industrials / Industrial - Machinery

Share price

25.35 USD Market dataClose of Oct 15, 2026

Market capitalisation

368.6M USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2026, filed Sep 4, 2026
Ratios computed
Oct 15, 2026
Filed years
16, FY2010 to FY2026
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

12.3% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

13.20x Computed

FY2026 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

2.5% Computed

FY2026 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2017 Revenue: 168.2M USDFY2017 Net income: -6.3M USDFY2018 Revenue: 240.7M USDFY2018 Net income: 9.5M USDFY2019 Revenue: 302.7M USDFY2019 Net income: 10.7M USDFY2020 Revenue: 246.8M USDFY2020 Net income: -39.8M USDFY2021 Revenue: 218.6M USDFY2021 Net income: -29.7M USDFY2022 Revenue: 242.9M USDFY2022 Net income: 10.5M USDFY2023 Revenue: 277.0M USDFY2023 Net income: 10.4M USDFY2024 Revenue: 295.1M USDFY2024 Net income: 11.0M USDFY2025 Revenue: 340.7M USDFY2025 Net income: -697.0K USDFY2026 Revenue: 381.3M USDFY2026 Net income: 27.1M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
3 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 13.20x at the close of 2026-10-15 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 10.00x and 15.00x.

Today, against the Industrial - Machinery industry (52 companies), 13.20x sits at the 8th percentile; the middle half of that group runs from 20.30x to 38.40x.

Is it good

Return on equity was 12.3% in FY2026, in the band labelled "Ordinary" (8.0% to 15.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Industrial - Machinery industry (69 companies), 12.3% sits at the 65th percentile; the middle half of that group runs from -1.6% to 16.4%.

Is it safe

Interest coverage was 5.83x in FY2026, in the band labelled "Investment grade" (3.00x to 6.00x), on lines anchored on Damodaran's interest-coverage table.

Year by year against peers
Whether Twin Disc, Incorporated's return on equity stayed above the median of the Industrial - Machinery industry, year by year. (FY2017 to FY2025, 9 fiscal years of Twin Disc, Incorporated with a comparable figure)
The direction
Which way Twin Disc, Incorporated's return on equity has moved, and how steadily. (FY2017 to FY2026, 10 filed years of Twin Disc, Incorporated)
What could explain it
What in Twin Disc, Incorporated's filed statements could explain the movements. (7 readings drawn from the statement lines Twin Disc, Incorporated filed)
What to check next
What to check next on Twin Disc, Incorporated, and where in its filings. (5 questions for Twin Disc, Incorporated)
In one paragraph
One paragraph on Twin Disc, Incorporated's returns, cash, balance sheet and price. (13 of sixteen figures read for Twin Disc, Incorporated)

These are TWIN’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research TWINPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed Sep 4, 2026, accession 0001437749-26-029700.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Twin Disc, Incorporated: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

No cash line is filed for this year.

n/a ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Return on equity12.3% ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Return on capital employed, pre-tax6.3% ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Return on assets6.8% ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Gross margin26.9% ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Operating margin4.7% ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Net margin7.1% ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
TWIN 7.1%
LXFR 2.0%PKOH 1.5%TNC 3.6%GHM 5.1%CYD 1.7%
1.5%7.1%
Net margin: TWIN against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Twin Disc, Incorporated: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.23 ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Current ratio2.35 ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Quick ratio0.84 ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Interest coverage5.83x ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Altman Z-score3.44 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Net debt
Why n/a

The FY2026 balance sheet carries no net debt we could read.

n/a ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Total assets 401.2MTotal liabilities 181.3MShareholders' equity 219.7MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Twin Disc, Incorporated owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed Sep 4, 2026, 0001437749-26-029700).

Twin Disc, Incorporated: balance sheet position
Total assets401.2M FiledFY2026 10-K, filed Sep 4, 2026
Total liabilities181.3M FiledFY2026 10-K, filed Sep 4, 2026
Shareholders' equity219.7M FiledFY2026 10-K, filed Sep 4, 2026
Cashn/a FiledFY2026 10-K, filed Sep 4, 2026
Total debt50.6M FiledFY2026 10-K, filed Sep 4, 2026
Net debtn/a
Current ratio2.35
Debt to equity0.23

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Twin Disc, Incorporated: what the market charges, each with its source
FigureValue, source and document
Price to earnings13.20x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
P/E on trailing twelve months14.11x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book1.68x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Price to sales0.97x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Diluted earnings per share1.86 USD FiledFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Graham number25.51 USD ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700

We publish no fair value or price target of our own. Value TWIN on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Twin Disc, Incorporated today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Twin Disc, Incorporated: valuation
Share price25.35 USD
Market capitalisation368.6M USD
Enterprise value to EBITDAn/a
Graham number25.51 USD
Diluted earnings per share, FY20261.86 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 6.88x, median 16.68x, high 174.55x, latest 14.11x. 1,485 trading days with a meaningful ratio, 1,035 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Twin Disc, Incorporated

  1. Luxfer Holdings PLC (LXFR)Market cap 465.4M USD
  2. Park-Ohio Holdings Corp. (PKOH)Market cap 669.3M USD
  3. Tennant Company (TNC)Market cap 1.13B USD
  4. Graham Corporation (GHM)Market cap 835.1M USD
  5. China Yuchai International Limited (CYD)Market cap 988.6M USD

Same industry (Industrial - Machinery) and size band (Small, 300M to 2B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Twin Disc, Incorporated: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield2.5% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Free cash flow9.2M USD ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Free cash flow margin2.4% ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Dividend yield0.7% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Payout ratio8.4% ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
FY2017 Free cash flow: 45.0K USDFY2017 Net income: -6.3M USDFY2018 Free cash flow: 183.0K USDFY2018 Net income: 9.5M USDFY2019 Free cash flow: -17.4M USDFY2019 Net income: 10.7M USDFY2020 Free cash flow: -1.6M USDFY2020 Net income: -39.8M USDFY2021 Free cash flow: 2.1M USDFY2021 Net income: -29.7M USDFY2022 Free cash flow: -13.0M USDFY2022 Net income: 10.5M USDFY2023 Free cash flow: 15.0M USDFY2023 Net income: 10.4M USDFY2024 Free cash flow: 25.0M USDFY2024 Net income: 11.0M USDFY2025 Free cash flow: 8.8M USDFY2025 Net income: -697.0K USDFY2026 Free cash flow: 9.2M USDFY2026 Net income: 27.1M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Twin Disc, Incorporated: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
13.20xFY2026Oct 15, 2026
1.68xFY2026Oct 15, 2026
n/aFY2026Oct 15, 2026
n/a Enterprise value is the market value plus total debt less cash, and the filed balance sheet reports no debt total or no cash.
2.5%FY2026Oct 15, 2026
n/aFY2026Sep 4, 2026
n/a No cash line is filed for this year.
0.7%FY2026Oct 15, 2026
0.23FY2026Sep 4, 2026
2.35FY2026Sep 4, 2026
0.97xFY2026Oct 15, 2026
n/aFY2026Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
3.44FY2026Oct 15, 2026
-2.24FY2026Sep 4, 2026
6/9FY2026Sep 4, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 16 filed fiscal years on record, FY2010 to FY2026, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2017 to FY2026, read from the annual reports Twin Disc, Incorporated filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Twin Disc, Incorporated: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY2026381.3M18.0M27.1M1.869.2M4.7%12.3%10-K, Sep 4, 20260001437749-26-029700
FY2025340.7M11.1M-697.0K-0.058.8M3.3%-0.4%10-K, Sep 5, 20250001437749-25-028487
FY2024295.1M11.5M11.0M0.7925.0M3.9%7.1%10-K, Sep 6, 20240001437749-24-028638
FY2023277.0M16.1M10.4M0.7515.0M5.8%7.2%10-K, Sep 8, 20230001437749-23-025446
FY2022242.9M11.0M10.5M0.78-13.0M4.5%8.0%10-K, Sep 8, 20220001437749-22-022023
FY2021218.6M-12.3M-29.7M-2.242.1M-5.6%-22.8%10-K, Sep 2, 20210001437749-21-021350
FY2020246.8M-40.3M-39.8M-3.03-1.6M-16.3%-28.6%10-K, Aug 26, 20200001437749-20-018707
FY2019302.7M18.5M10.7M0.83-17.4M6.1%5.9%10-K, Aug 29, 20190001437749-19-017591
FY2018240.7M16.1M9.5M0.82183.0K6.7%6.7%10-K, Aug 27, 20180001437749-18-016163
FY2017168.2M-9.0M-6.3M-0.5645.0K-5.3%-5.1%10-K, Aug 31, 20170001437749-17-015470
  • Revenue, compound annual growth FY2017 to FY2026: 9.5%
  • Earnings: Earnings was not positive in both 2017 and 2026, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2017 and 2026, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow, compound annual growth FY2017 to FY2026: 80.6%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Twin Disc, Incorporated: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.24 ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Piotroski F-score6/9 ComputedFY2026 10-K, filed Sep 4, 2026, 0001437749-26-029700
Named tests met3 of 30 Computed
Beta1.05 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 3 met, 23 not met, 4 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
P/E times P/B (Benjamin Graham); Low P/S, rising earnings (James O'Shaughnessy); Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; High returns and growth; Gross margin, turnover (Robert Novy-Marx); High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Earnings yield and ROIC (Joel Greenblatt); Low PEG, low debt (Peter Lynch); EV/EBITDA and coverage; ROIC at or above WACC. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(6)
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Return on Invested Capital: No cash line is filed for this year.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 6 figures could not be read on this company, among them EV/EBIT, Return on Invested Capital, PEG Ratio. Each blank in the table above names the rest, with its reason. 4 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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