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Twin Disc (TWIN) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Nov 4, 2026 · Twin Disc (TWIN) Q1 FY27 earnings results →

Q1 FY27 Revenue up 11% year over year to $88.7M · 4¢ of every $1 of revenue kept as net profit · operating margin 5.2%

Twin Disc made $88.7M in Q1 FY27 (+11% Y/Y): Marine and Propulsion Systems $55.2M, Land Based Transmissions $15.0M, Industrial $14.0M. Operating margin 5.2%, net earnings $3.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$88.7M
Year over year+11%
Operating margin5.2%
Net earnings$3.4M
Operating cash flow$11.5M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $88.7M in Q1 FY27, up 11% year over year and down 22% from the previous quarter. Marine and Propulsion Systems was the largest line at 62% of revenue. Marine and Propulsion Systems added $6.9M year over year (up 14%), 79% of the total change. Land Based Transmissions declined 15%.

Gross margin was 28.7%, unchanged from Q1 FY26. Operating profit was $4.6M, a 5.2% margin (up 2.4 points year over year). Of the extra revenue versus Q1 FY26, 27% reached operating profit, above the 3% margin then. Operating expenses grew 1% against revenue growth of 11%. Net earnings were $3.4M. The effective tax rate was 10.6%.

Operating cash flow was $11.5M, 331% of net earnings. Non-cash charges added back $3.4M of depreciation and amortization. Working capital and other items added $4.6M. Capital expenditures of $5.8M left free cash flow of $5.7M.

Quarterly history

Twin Disc revenue by quarterTwin Disc revenue by quarter$81.2MQ3 FY25$96.7MQ4 FY25$80.0MQ1 FY26$90.2MQ2 FY26$96.7MQ3 FY26$114MQ4 FY26$88.7MQ1 FY27
Twin Disc net earnings by quarterTwin Disc net earnings by quarter−$1.4MQ3 FY25$1.4MQ4 FY25−$412KQ1 FY26$22.4MQ2 FY26$3.3MQ3 FY26$1.9MQ4 FY26$3.4MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QNov 4, 2026$88.7M+11%5.2%$3.4M$11.5M
Q4 FY2610-KSep 4, 2026$114M+18%6.8%$1.9M$20.6M
Q3 FY2610-QMay 6, 2026$96.7M+19%6.0%$3.3M$5.3M
Q2 FY2610-QFeb 4, 2026$90.2M+0.3%2.3%$22.4M$4.6M
Q1 FY2610-QNov 5, 2025$80.0M+10%2.8%−$412K−$7.5M
Q4 FY2510-KSep 5, 2025$96.7M+14%6.8%$1.4M$16.4M
Q3 FY2510-QMay 7, 2025$81.2M+10%2.4%−$1.4M$3.2M

Charts

Twin Disc: revenue growth, year over year and quarter over quarterTwin Disc: revenue growth, year over year and quarter over quarterY/YQ/Q+10%Q3 FY25+14%+19%Q4 FY25+10%-17%Q1 FY26+0%+13%Q2 FY26+19%+7%Q3 FY26+18%+18%Q4 FY26+11%-22%Q1 FY27
Latest (Q1 FY27): Y/Y +11%, Q/Q -22%.
Twin Disc: where the cash came from (+) and went (−), TTM to Q1 FY27Twin Disc: where the cash came from (+) and went (−), TTM to Q1 FY27Operating cash flow$42.0MNet borrowing (+) / repaid (−)−$21.1MCapital spending−$16.1MOther financing$15.6MCash drawn (+) / kept (−)−$12.5MTaxes on employees’ shares−$2.8MDividends−$2.5MExchange rates−$2.2MOther investing−$423K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Twin Disc: profit against cash, quarter by quarterTwin Disc: profit against cash, quarter by quarterNet incomeOperating cash flow$1.1M$8.7MQ2 FY25−$1.4M$3.2MQ3 FY25$2.7M$16.4MQ4 FY25−$412K−$7.5MQ1 FY26$22.5M$4.6MQ2 FY26$3.6M$5.3MQ3 FY26$9.4M$20.6MQ4 FY26$3.5M$11.5MQ1 FY27
Latest (Q1 FY27): Net income $3.5M, Operating cash flow $11.5M.
Twin Disc: diluted shares by fiscal yearTwin Disc: diluted shares by fiscal year13MFY2113MFY2214MFY2314MFY2414MFY2515MFY26
+10.1% since FY21: more shares outstanding (issuance, stock pay).
Twin Disc: long-term debt falling due (FY26)Twin Disc: long-term debt falling due (FY26)$1.5M2027$1.5M2028$2.2M2029$2.2M2030$22.3M2031$24KLater
Cash $16.0M, short-term investments —, long-term debt $29.8M at 2026-06-30.
Twin Disc in its industry: growth against margin (8 companies, SIC 3560)Twin Disc in its industry: growth against margin (8 companies, SIC 3560)revenue growth, year over year →↑ operating marginmedian +9%median 20%ITWIRZBRAGTESZWSGHMGTECTWIN (+11%, 5%)
General Industrial Machinery & Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Twin Disc

Twin Disc, Incorporated (“Twin Disc”, or the “Company”) was incorporated under the laws of the state of Wisconsin in 1918. Twin Disc designs, manufactures and sells marine and heavy duty off‑highway power transmission equipment. The Company has manufacturing locations in the United States, Belgium, Canada, Finland, Italy, the Netherlands, and Switzerland. In addition to these countries, it has distribution locations in Singapore, China, Australia, New Zealand, and Japan. Products offered include: marine transmissions, azimuth drives, surface drives, propellers and boat management systems as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, controls systems, and braking systems.

In its own words, from its annual report, filed Sep 5, 2025.

Twin Disc against its General Industrial Machinery & Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +9%. Operating margin: 5.2% against the peers' median 20.0%.

CompanyQuarterRevenueY/YOp. margin
TWIN Twin DiscQ1 FY27$88.7M+11%5.2%
ITW Illinois Tool WorksQ3 2026$4.2B+4%27.8%
IR Ingersoll RandQ3 2026$2.1B+6%37.9%
ZBRA Zebra TechnologiesQ3 2026$1.6B+22%14.7%
GTES Gates IndustrialQ3 2026$904M+6%14.5%
ZWS Zurn Elkay Water SolutionsQ3 2026$495M+9%21.9%
GHM GrahamQ2 FY27$69.8M+6%8.4%
GTEC Greenland Technologies HoldingQ2 2026$29.9M+38%20.0%

Source: Twin Disc 10-Q on SEC EDGAR · CIK 100378 · General Industrial Machinery & Equipment

Guidance and outlook

Twin Disc: what its forward-looking statements are about (10-Q filed 2026-11-04)Twin Disc: what its forward-looking statements are about (10-Q filed 2026-11-04)Other5Demand1Financing1
7 statements; tone +0.00 (−1 all cautious, +1 all confident); 1 hedged.
Twin Disc: outlook statements against the filing beforeTwin Disc: outlook statements against the filing beforeConfident2Cautious2

13F: who owns TWIN and who is buying

Largest holders of TWIN (13F)Largest holders of TWIN (13F)Gamco Investors, Inc. et Al$37.8MJuniper Investment Company, LLC$23.8MBlackRock$17.2MDimensional Fund Advisors LP$14.1MVanguard Capital Management LLC$12.8MPacific Ridge Capital Partners, L…$12.2MVanguard Group$9.8MGabelli Funds LLC$9.3MAmeriprise Financial$7.3MGeode Capital Management, LLC$6.8M
Funds' net buying of TWIN by quarter (13F)Funds' net buying of TWIN by quarter (13F)−$688K2024-09$736K2024-12−$703K2025-03−$3.7M2025-06$2.3M2025-09$8.0M2025-12$2.5M2026-03$12.2M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on TWIN

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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中文版：Twin Disc（TWIN）财报

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