Twin Disc (TWIN)


Market Price (11/4/2026): $25.11 | Market Cap: $365.1 MilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

Twin Disc (TWIN)


Market Price (11/4/2026): $25.11
Market Cap: $365.1 Mil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%

Megatrend and thematic drivers
Megatrends include Automation & Robotics, Future of Freight, and Offshore Wind Development. Themes include Industrial Robotics, Show more.

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 57%

Key risks
TWIN key risks include [1] increased debt levels from recent strategic acquisitions, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%
1 Megatrend and thematic drivers
Megatrends include Automation & Robotics, Future of Freight, and Offshore Wind Development. Themes include Industrial Robotics, Show more.
2 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 57%
3 Key risks
TWIN key risks include [1] increased debt levels from recent strategic acquisitions, Show more.

TWIN in ETFs

Weight = TWIN's share of each fund

VTI0.00%
IWM0.01%
IWN0.02%
VTWO0.01%
DFAS0.01%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/1/2026

Twin Disc (TWIN) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Twin Disc reported strong financial performance for fiscal Q4 2026, which ended June 30, 2026. The company announced on August 20, 2026, a record quarter with sales increasing 18.3% year-over-year to $114.4 million, and full-year sales for fiscal 2026 rising 11.9% to $381.3 million. Net income attributable to Twin Disc for fiscal 2026 was $27.1 million, or $1.86 per diluted share, a substantial improvement compared to a net loss in fiscal 2025. This growth was primarily driven by increased demand in land-based transmission markets, robust performance in marine and propulsion systems, and stabilization in the industrial segment.

2. The company increased its quarterly cash dividend. On August 7, 2026, Twin Disc announced a 25% increase in its regular quarterly cash dividend to $0.05 per share. This action signals management's confidence in the company's sustained profitability and positive cash flow generation, which typically is viewed favorably by investors.

Show more
Updated on 11/1/2026

Twin Disc (TWIN) stock has gained about 10% since 7/31/2026 because of the following key factors:

1. Twin Disc reported strong financial performance for fiscal Q4 2026, which ended June 30, 2026. The company announced on August 20, 2026, a record quarter with sales increasing 18.3% year-over-year to $114.4 million, and full-year sales for fiscal 2026 rising 11.9% to $381.3 million. Net income attributable to Twin Disc for fiscal 2026 was $27.1 million, or $1.86 per diluted share, a substantial improvement compared to a net loss in fiscal 2025. This growth was primarily driven by increased demand in land-based transmission markets, robust performance in marine and propulsion systems, and stabilization in the industrial segment.

2. The company increased its quarterly cash dividend. On August 7, 2026, Twin Disc announced a 25% increase in its regular quarterly cash dividend to $0.05 per share. This action signals management's confidence in the company's sustained profitability and positive cash flow generation, which typically is viewed favorably by investors.

3. Analysts maintained a positive outlook and price target. As of October 30, 2026, Wall Street analysts held a "Moderate Buy" consensus rating for Twin Disc. The average twelve-month price target was $30.00, indicating a potential upside of 25.10% from the stock's price of $23.98 at that time. This positive sentiment from analysts contributed to a favorable perception of the stock's future performance.

4. A key subsidiary made a strategic investment for future growth. On October 14, 2026, Twin Disc's subsidiary, Katsa, announced an investment in a new assembly plant. This expansion is aimed at meeting rising global demand, indicating proactive measures by the company to capitalize on market opportunities and support future revenue growth.

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Stock Movement Drivers

Fundamental Drivers

The 8.7% change in TWIN stock from 7/31/2026 to 11/2/2026 was primarily driven by a 11.6% change in the company's P/E Multiple.
(LTM values as of)731202611022026Change
Stock Price ($)22.7624.758.7%
Change Contribution By: 
Total Revenues ($ Mil)3643814.9%
Net Income Margin (%)7.6%7.1%-7.1%
P/E Multiple11.613.011.6%
Shares Outstanding (Mil)14140.0%
Cumulative Contribution8.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/2/2026
ReturnCorrelation
TWIN8.7% 
Market (SPY)0.7%40.6%
Sector (XLI)-5.6%43.9%

Fundamental Drivers

The 50.5% change in TWIN stock from 4/30/2026 to 11/2/2026 was primarily driven by a 28.0% change in the company's P/E Multiple.
(LTM values as of)430202611022026Change
Stock Price ($)16.4524.7550.5%
Change Contribution By: 
Total Revenues ($ Mil)3483819.5%
Net Income Margin (%)6.6%7.1%7.5%
P/E Multiple10.113.028.0%
Shares Outstanding (Mil)1414-0.2%
Cumulative Contribution50.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/2/2026
ReturnCorrelation
TWIN50.5% 
Market (SPY)4.9%32.2%
Sector (XLI)-2.6%49.7%

Fundamental Drivers

The 59.5% change in TWIN stock from 10/31/2025 to 11/2/2026 was primarily driven by a 45.5% change in the company's P/S Multiple.
(LTM values as of)1031202511022026Change
Stock Price ($)15.5224.7559.5%
Change Contribution By: 
Total Revenues ($ Mil)34138111.9%
P/S Multiple0.60.945.5%
Shares Outstanding (Mil)1414-2.0%
Cumulative Contribution59.5%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/2/2026
ReturnCorrelation
TWIN59.5% 
Market (SPY)11.2%32.8%
Sector (XLI)10.4%46.5%

Fundamental Drivers

The 87.1% change in TWIN stock from 10/31/2023 to 11/2/2026 was primarily driven by a 89.5% change in the company's Net Income Margin (%).
(LTM values as of)1031202311022026Change
Stock Price ($)13.2324.7587.1%
Change Contribution By: 
Total Revenues ($ Mil)27738137.7%
Net Income Margin (%)3.7%7.1%89.5%
P/E Multiple17.213.0-24.6%
Shares Outstanding (Mil)1414-4.8%
Cumulative Contribution87.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/2/2026
ReturnCorrelation
TWIN87.1% 
Market (SPY)86.0%37.5%
Sector (XLI)79.4%42.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TWIN Return40%-11%67%-26%44%49%227%
Peers Return-7%-29%40%99%3%10%108%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
TWIN Win Rate58%50%67%33%42%73% 
Peers Win Rate46%37%56%52%56%46% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
TWIN Max Drawdown-35%-56%-23%-37%-46%-23% 
Peers Max Drawdown-33%-45%-31%-31%-43%-45% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GGG, GHM, MFP, OPTT, PH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/2/2026 (YTD)

How Low Can It Go

EventTWINS&P 500
2025 US Tariff Shock
  % Loss-35.7%-18.8%
  % Gain to Breakeven55.5%23.1%
  Time to Breakeven122 days79 days
2023 SVB Regional Banking Crisis
  % Loss-21.9%-6.7%
  % Gain to Breakeven28.0%7.1%
  Time to Breakeven10 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-28.0%-24.5%
  % Gain to Breakeven38.8%32.4%
  Time to Breakeven48 days427 days
2020 COVID-19 Crash
  % Loss-47.9%-33.7%
  % Gain to Breakeven92.0%50.9%
  Time to Breakeven348 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-40.2%-19.2%
  % Gain to Breakeven67.2%23.8%
  Time to Breakeven2740 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-17.6%-3.7%
  % Gain to Breakeven21.4%3.9%
  Time to Breakeven9 days6 days

Compare to GGG, GHM, GFUZ, MFP, OPTT

In The Past

Twin Disc's stock fell -35.7% during the 2025 US Tariff Shock. Such a loss loss requires a 55.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventTWINS&P 500
2025 US Tariff Shock
  % Loss-35.7%-18.8%
  % Gain to Breakeven55.5%23.1%
  Time to Breakeven122 days79 days
2023 SVB Regional Banking Crisis
  % Loss-21.9%-6.7%
  % Gain to Breakeven28.0%7.1%
  Time to Breakeven10 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-28.0%-24.5%
  % Gain to Breakeven38.8%32.4%
  Time to Breakeven48 days427 days
2020 COVID-19 Crash
  % Loss-47.9%-33.7%
  % Gain to Breakeven92.0%50.9%
  Time to Breakeven348 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-40.2%-19.2%
  % Gain to Breakeven67.2%23.8%
  Time to Breakeven2740 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-42.7%-12.2%
  % Gain to Breakeven74.4%13.9%
  Time to Breakeven293 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-40.5%-17.9%
  % Gain to Breakeven68.1%21.8%
  Time to Breakeven31 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-27.3%-15.4%
  % Gain to Breakeven37.6%18.2%
  Time to Breakeven89 days125 days
2008-2009 Global Financial Crisis
  % Loss-88.9%-53.4%
  % Gain to Breakeven801.3%114.4%
  Time to Breakeven819 days1085 days
Summer 2007 Credit Crunch
  % Loss-42.1%-8.6%
  % Gain to Breakeven72.8%9.5%
  Time to Breakeven1423 days47 days

Compare to GGG, GHM, GFUZ, MFP, OPTT

In The Past

Twin Disc's stock fell -35.7% during the 2025 US Tariff Shock. Such a loss loss requires a 55.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Twin Disc (TWIN)

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Twin Disc, Inc. (TWIN) is a global designer, manufacturer, and seller of specialized power transmission equipment. The company operates through two main segments: Manufacturing and Distribution. Essentially, Twin Disc provides the critical components that enable the efficient transfer of power in demanding operational environments, focusing on robust and reliable solutions for heavy-duty applications worldwide.

The company's product portfolio is extensive and caters to distinct market needs. For marine applications, Twin Disc offers marine transmissions, azimuth and surface drives, propellers, and sophisticated boat management systems. In the heavy-duty off-highway and industrial sectors, its products include power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and integrated control systems. Beyond its proprietary offerings, Twin Disc also distributes a range of non-Twin Disc manufactured products to round out its customer solutions.

Twin Disc serves a diverse set of primary markets and customers. Within the marine industry, its products are utilized in pleasure craft, commercial vessels, and military marine operations. Outside of marine, the company's equipment is crucial for various applications in the energy and natural resources sectors, government projects, and a wide array of general industrial markets. Twin Disc reaches its customers through a combination of a direct sales force and an established global distributor network.

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AI Analysis | Feedback

The Cummins of heavy-duty transmissions and marine propulsion systems.

Allison Transmission, but for marine vessels and heavy-duty off-highway industrial equipment.

AI Analysis | Feedback

  • Marine Transmissions: Equipment designed to transfer power in marine vessels.
  • Azimuth Drives: Propulsion units for marine vessels that can rotate 360 degrees, offering enhanced maneuverability.
  • Surface Drives: Propulsion systems for marine vessels that operate partially above the water's surface, often used for high-speed applications.
  • Propellers: Rotating blade devices that push marine vessels through water.
  • Boat Management Systems: Integrated systems for controlling and monitoring various operational aspects of a boat.
  • Power-shift Transmissions: Transmissions that allow gear changes under load without interrupting power flow, typically for heavy-duty off-highway equipment.
  • Hydraulic Torque Converters: Devices that transfer and multiply torque using hydraulic fluid, commonly found in automatic transmissions.
  • Power Take-Offs (PTOs): Mechanical devices used to transfer power from an engine to an auxiliary component or piece of equipment.
  • Industrial Clutches: Mechanical devices used in industrial machinery to engage and disengage power transmission.
  • Control Systems: Systems used to regulate and automate the operation of various machinery and equipment.

AI Analysis | Feedback

Twin Disc (TWIN) sells primarily to other companies (B2B).

The provided background information describes the major markets in which Twin Disc's customers operate, rather than listing specific customer company names. Twin Disc sells its products to manufacturers and operators primarily in the following sectors:

  • Pleasure craft marine market
  • Commercial marine market
  • Military marine market
  • Energy and natural resources market
  • Government market
  • Industrial market

AI Analysis | Feedback

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John H. Batten, Chief Executive Officer

Mr. Batten was elected Chief Executive Officer, effective November 1, 2013, having joined Twin Disc, Inc. in 1996 as an Applications Engineer. He has held various roles including Commercial Manager – Marine, Vice President and General Manager, Marine Products, Executive Vice President, and President and Chief Operations Officer. Mr. Batten became a director of the company in 2002. He earned a BA in History from Yale University and a BS in Mechanical Engineering from the University of Colorado-Boulder, and completed the Advanced Management Program of the Harvard Business School. He is a fourth-generation leader in the family-founded business and is a member of the Board of Directors at Charter Manufacturing and Walker Forge.

Jeffrey S. Knutson, Vice President - Finance, CFO, Treasurer and Secretary

Mr. Knutson was elected Chief Financial Officer and Treasurer effective June 22, 2015, in addition to his roles as Vice President of Finance and Corporate Secretary. He joined Twin Disc in February 2005 as Controller of the North American manufacturing operation and later became Corporate Controller. Prior to Twin Disc, he served as Controller at Tower Automotive - Milwaukee Division and held various financial positions at Invensys, Bucyrus International, and PricewaterhouseCoopers. Mr. Knutson holds a Bachelor of Business Administration degree from the University of Wisconsin - Whitewater and is a Certified Public Accountant in Wisconsin.

Tim Batten, Executive Vice President, Sales & Operations

Mr. Batten serves as the Executive Vice President of Sales & Operations at Twin Disc.

Michael B. Gee, Vice President, Engineering

Mr. Gee holds the position of Vice President, Engineering, and is also involved in Hybrid Engineering efforts for Twin Disc.

Darryl Babu, Vice President, Distribution

Mr. Babu serves as the Vice President of Distribution for Twin Disc.

AI Analysis | Feedback

Here are the key risks to Twin Disc's business:

  1. Macroeconomic and Geopolitical Uncertainty: Twin Disc operates globally, selling marine and heavy-duty off-highway power transmission equipment. The company faces significant uncertainty due to tariff-driven trade wars, a slowing global economy, and other geopolitical tensions. These factors can threaten demand in its core markets, including commercial marine, land-based heavy-duty, and energy equipment. Such an environment also contributes to higher input costs and makes it more challenging to achieve higher profit margins.
  2. Profitability and Margin Challenges: Twin Disc has historically faced challenges with maintaining strong profit margins, with gross margins typically capped in the high-20%s and EBITDA margins rarely reaching double digits. While management is actively pursuing strategies such as acquisitions, optimizing product mix, and driving operational efficiencies to improve profitability, achieving sustained higher margins is not guaranteed and remains a critical focus for the company's long-term financial health and valuation.
  3. Market Cyclicality and Demand Volatility: The company's financial performance is significantly affected by the cyclical nature of its primary end markets, particularly the oil and gas market. Demand outlook for Twin Disc's products can be mixed, with varying levels of strength and weakness across different segments, such as commercial marine, and land-based heavy-duty and energy equipment, which are susceptible to economic fluctuations.

AI Analysis | Feedback

The clear emerging threat for Twin Disc is the accelerating global shift towards electrification, hybrid, and alternative fuel propulsion systems in the marine and heavy-duty off-highway markets. As their customers (boat builders, equipment manufacturers) increasingly adopt these new powertrain technologies to meet emission regulations and market demand, the need for Twin Disc's traditional mechanical power transmission equipment designed for internal combustion engines could significantly diminish. This fundamental technological transition mirrors historical disruptions where new technologies rendered incumbent products obsolete.

AI Analysis | Feedback

Twin Disc (symbol: TWIN) operates in several addressable markets for its diverse product offerings. The estimated market sizes for its main products and services are as follows:

  • Marine Transmissions: The global market for Marine Transmission Systems was valued at approximately USD 34.1 billion in 2024.
  • Azimuth Drives: The global azimuth thrusters market size was valued at USD 550.0 million in 2024.
  • Surface Drives: null
  • Propellers: The global marine propeller market size is USD 6.3 billion in 2024.
  • Boat Management Systems: The global boat monitoring market size was valued at USD 608.78 million in 2024.
  • Power-shift Transmissions: The global market for Assembly and Power Shift Transmission is projected to reach USD 21.13 billion by 2025.
  • Hydraulic Torque Converters: The global torque converter market size was estimated at USD 7,590.0 million in 2024.
  • Power Take-offs: The global Power Take Off (PTO) market size was valued at approximately USD 1.3 billion in 2023.
  • Industrial Clutches: The global industrial brakes and clutches market was valued at approximately USD 1,885.50 million in 2024.
  • Control Systems: The Global Industrial Control Systems Market size was valued at USD 193.12 billion in 2024.

AI Analysis | Feedback

Twin Disc (symbol: TWIN) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:

  1. Growth in the Defense Market: Twin Disc anticipates significant revenue growth from the global defense sector. The company has a growing backlog of defense-related orders, specifically benefiting from increased defense spending by the U.S. Army, U.S. Navy, and NATO programs. This sector is a strategic focus and is expected to contribute substantially to future sales.
  2. Strategic Acquisitions: Recent acquisitions, such as Kobelt Manufacturing Co. Ltd. (completed in early 2025) and Katsa Oy (completed in the first half of 2024), are contributing to revenue growth by expanding Twin Disc's product portfolio, technological capabilities, and market reach. These integrations are expected to enhance the company's presence in Europe and diversify its offerings, particularly in hybrid and electric applications.
  3. Strong Demand in Marine Markets and Hybrid/Electric Propulsion: The marine and propulsion systems segment continues to be a robust driver, with particular strength noted in luxury craft, workboats, autonomous vessel applications, and demand for Veth products (such as Veth's ELITE thrusters). Furthermore, the company is expanding its market presence in hybrid and electric propulsion systems, a growth area enhanced by recent acquisitions.
  4. Continued Demand in Land-Based Transmissions and Industrial Markets: Beyond marine and defense, Twin Disc expects sustained demand and solid performance from its land-based transmissions and broader industrial markets. These segments continue to be important contributors to the company's overall revenue.

AI Analysis | Feedback

Capital Allocation Decisions (Last 3-5 Years)

Share Repurchases

  • Twin Disc did not repurchase any shares during fiscal year 2025.
  • As of September 5, 2025, the company had 315,000 shares authorized for repurchase under its existing plan.
  • Between September 27, 2025, and December 26, 2025, no share repurchases were reported.

Share Issuance

  • In October and November 2025, directors received restricted stock grants under the Amended and Restated 2021 Omnibus Incentive Plan, including 5,378 shares at $14.875 and 272 shares at $14.944, among others.

Outbound Investments

  • Twin Disc acquired Katsa Oy, a Finnish manufacturer of power transmission components and gearboxes, for approximately $23 million (€21 million) in the first half of calendar year 2024. This acquisition expanded the company's European market presence and added complementary products.
  • In February 2025, the company completed the acquisition of Kobelt Manufacturing Co. Ltd. for $16.5 million, which added brake, control, and steering systems to its product lines.
  • These acquisitions led to increased leverage, with total debt rising from $24.9 million in Q2 FY25 to $44.5 million in Q2 FY26, primarily due to the Kobelt acquisition.

Capital Expenditures

  • In fiscal year 2025, Twin Disc invested $15.2 million in property, plant, and equipment to support growth and operational efficiency.
  • For fiscal year 2026, anticipated capital expenditures are approximately $17 million to $19 million, focused on investing in modern equipment for growth, efficiencies, and quality improvements.
  • Investments in capacity for fiscal 2026 are expected to be related to European demand, specifically for test stands and assembly capacity.

Better Bets vs. Twin Disc (TWIN)

Peer Outperformance in Industrial Machinery & Supplies & Components

TWIN has outperformed 66% of its 71 Industrial Machinery & Supplies & Components peers over 5Y. Among the peers that beat it are MLI and ESE. Industrial Machinery & Supplies & Components ranks 6th of 23 industries in Industrials by median 5Y return.
Share of Industrial Machinery & Supplies & Components constituents that TWIN has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
93%
of 76 industry peers · 59.5% return
3Y
77%
of 74 industry peers · 116.0% return
5Y
66%
of 71 industry peers · 92.1% return
Industrial Machinery & Supplies & Components peers with revenue growth within 4pp of TWIN's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
TWIN Twin Disc 11.3% 13.0x 59.5%116.0%92.1% —
MLI Mueller Industries 12.3% 13.9x 5.3%188.4%336.8% +245pp
ESE ESCO Technologies 12.1% 19.8x 10.0%142.1%174.2% +82pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Industrial Machinery & Supplies & Components is TWIN's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering 29 -8.2%92.7%152.3% STRL 1265% · FIX 1201% · AGX 751%
Marine Transportation 5 47.3%44.2%146.6% MATX 183% · KEX 151%
Construction Machinery & Heavy Transportation Equipment 13 16.0%61.2%102.0% ALSN 260% · WAB 224% · CAT 221%
Aerospace & Defense 52 -12.4%62.8%70.6% ATI 975% · FTAI 967% · HWM 604%
Trading Companies & Distributors 19 20.9%40.4%58.3% DXPE 413% · AIT 222% · URI 216%
Industrial Machinery & Supplies & Components ← 72 6.2%55.1%36.5% CRS 888% · MLI 337% · SYM 271%
Rail Transportation 7 33.9%56.1%34.2% CSX 55% · UNP 43% · NSC 34%
Diversified Support Services 32 21.0%43.3%33.6% CXW 240% · OPLN 169% · CACI 137%
Building Products 32 -6.2%13.0%24.0% GFF 368% · TT 141% · JCI 118%
Cargo Ground Transportation 16 33.6%10.8%9.9% R 273% · XPO 263% · ARCB 27%
Electrical Components & Equipment 37 -6.2%74.9%5.4% POWL 1808% · VRT 796% · BE 511%
Industrial Conglomerates 17 14.6%-0.6%-5.4% CSW 104% · CSL 81% · DD 67%
Office Services & Supplies 9 25.6%20.4%-11.2% PBI 174% · TILE 165% · HNI 55%
Data Processing & Outsourced Services 6 -16.4%0.3%-14.2% EXLS 64% · BR 13% · G -13%
Research & Consulting Services 13 4.9%-10.7%-19.3% HURN 270% · FCN 31% · BAH 11%
Agricultural & Farm Machinery 16 12.4%-5.6%-21.0% DE 101% · TTC 22% · AGCO 6%
Security & Alarm Services 9 -54.3%16.3%-27.6% BCO 67%
Environmental & Facilities Services 29 -33.0%23.7%-29.1% GEO 228% · CLH 153% · RSG 95%
Passenger Airlines 11 1.0%52.5%-29.7% LTM 2790% · UAL 128% · DAL 115%
Air Freight & Logistics 12 -24.7%-8.8%-39.0% FDX 86% · EXPD 74% · CHRW 53%
Human Resource & Employment Services 22 21.2%-9.1%-42.3% ADP 48% · FA 28% · PAYX 9%
Passenger Ground Transportation 3 -18.8%39.7%-63.3% UBER 56% · LYFT -63% · CAR -67%
Airport Services 4 -53.4%-61.7%-86.5% JOBY -51%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TWINGGGGHMMFPOPTTPHMedian
NameTwin DiscGraco Graham Midera F.Ocean Po.Parker H. 
Mkt Price25.1568.7773.8242.070.43939.0755.42
Mkt Cap0.411.10.9--118.66.0
Rev LTM3812,310261856-21,499856
Op Inc LTM186201484-4,63484
FCF LTM9600-656-3,90556
FCF 3Y Avg145631--3,410289
CFO LTM23660688-4,36488
CFO 3Y Avg2764316--3,841335

Growth & Margins

TWINGGGGHMMFPOPTTPHMedian
NameTwin DiscGraco Graham Midera F.Ocean Po.Parker H. 
Rev Chg LTM11.9%5.4%21.2%--8.3%10.1%
Rev Chg 3Y Avg11.3%1.9%15.8%--4.1%7.7%
Rev Chg Q18.3%7.9%28.6%--9.8%14.0%
QoQ Delta Rev Chg LTM4.9%1.9%6.5%--2.4%3.7%
Op Inc Chg LTM59.5%6.4%-16.1%--14.4%10.4%
Op Inc Chg 3Y Avg10.0%-0.4%69.8%--14.9%12.4%
Op Mgn LTM4.8%26.8%5.4%9.8%-21.6%9.8%
Op Mgn 3Y Avg4.0%27.3%5.6%--20.4%13.0%
QoQ Delta Op Mgn LTM0.1%-0.6%-0.7%--0.7%-0.3%
CFO/Rev LTM6.0%28.6%2.1%10.3%-20.3%10.3%
CFO/Rev 3Y Avg8.2%29.1%7.8%--18.8%13.5%
FCF/Rev LTM2.4%26.0%-2.3%6.5%-18.2%6.5%
FCF/Rev 3Y Avg4.5%25.4%0.8%--16.7%10.6%

Valuation

TWINGGGGHMMFPOPTTPHMedian
NameTwin DiscGraco Graham Midera F.Ocean Po.Parker H. 
Mkt Cap0.411.10.9--118.66.0
P/S0.94.83.3--5.54.0
P/Op Inc19.517.960.3--25.622.5
P/EBIT21.417.360.3--23.922.6
P/E13.221.472.4--32.527.0
P/CFO15.616.8154.5--27.222.0
Total Yield8.4%6.4%1.4%--3.9%5.1%
Dividend Yield0.7%1.7%0.0%--0.8%0.7%
FCF Yield 3Y Avg8.5%4.1%1.1%--3.8%4.0%
D/E0.10.00.0--0.10.0
Net D/E0.10.0-0.0--0.10.0

Returns

TWINGGGGHMMFPOPTTPHMedian
NameTwin DiscGraco Graham Midera F.Ocean Po.Parker H. 
1M Rtn-11.8%-11.5%-19.3%0.9%-58.1%-3.4%-11.6%
3M Rtn8.9%-14.0%-25.4%-11.0%117.9%-5.7%-8.4%
6M Rtn68.0%-11.0%-21.2%14.9%20.3%8.7%11.8%
12M Rtn62.1%-14.7%18.5%14.9%-15.5%22.5%16.7%
3Y Rtn119.5%-7.2%334.5%14.9%45.2%141.3%82.4%
1M Excs Rtn-9.4%-9.2%-16.9%3.3%-55.7%-1.1%-9.3%
3M Excs Rtn7.5%-13.6%-26.9%-8.5%120.5%-2.7%-5.6%
6M Excs Rtn63.2%-15.8%-26.1%10.1%15.4%3.9%7.0%
12M Excs Rtn52.0%-24.0%7.7%4.2%-26.4%11.6%5.9%
3Y Excs Rtn11.8%-86.3%296.9%-69.3%-58.7%78.4%-23.4%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Manufacturing296251244217192
Distribution131149122107100
Corporate00   
Elimination and adjustments-86-105-89-81-73
Total341295277243219


Operating Income by Segment
$ Mil20252024200520041999
Manufacturing2423651
Distribution1211330
Elimination and adjustments02   
Corporate-26-25   
Total1011981


Net Income by Segment
$ Mil20252024202320222021
Distribution38730
Manufacturing324232511
Elimination and adjustments00   
Corporate-9-21   
Corporate and eliminations  -19-18-41
Total-2111010-30


Assets by Segment
$ Mil20252024202320222021
Manufacturing487457382364364
Distribution6658695147
Elimination and adjustments-11-8   
Corporate-186-195   
Corporate assets and elimination of intercompany assets  -162-139-136
Total356312289277275


Price Behavior

Price Behavior
Market Price$24.75 
Market Cap ($ Bil)0.4 
First Trading Date12/31/1987 
Distance from 52W High-13.8% 
   50 Days200 Days
DMA Price$25.08$20.49
DMA Trendupup
Distance from DMA-1.3%20.8%
 3M1YR
Volatility41.6%51.4%
Downside Capture103.58112.40
Upside Capture143.26155.79
Correlation (S&P 500)37.2%33.7%
TWIN Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta3.392.101.651.401.331.30
Up Beta3.690.491.562.201.761.49
Down Beta3.423.872.850.600.981.43
Up Capture303%219%150%227%190%128%
Bmk +ve Days12182862130427
Stock +ve Days12253568133362
Down Capture345%144%121%94%108%103%
Bmk -ve Days10253664121325
Stock -ve Days10182958117374

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TWIN
TWIN60.4%51.4%1.09-
Sector ETF (XLI)10.7%17.3%0.4246.5%
Equity (SPY)11.6%12.8%0.5732.8%
Gold (GLD)-2.3%28.6%-0.0917.7%
Commodities (DBC)43.1%20.9%1.60-25.3%
Real Estate (VNQ)11.0%13.7%0.5019.9%
Bitcoin (BTCUSD)-28.8%43.6%-0.668.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TWIN
TWIN16.5%53.8%0.48-
Sector ETF (XLI)11.7%17.6%0.5034.1%
Equity (SPY)12.0%17.1%0.5231.5%
Gold (GLD)16.5%19.0%0.697.2%
Commodities (DBC)8.4%19.6%0.312.0%
Real Estate (VNQ)1.1%18.9%-0.0522.0%
Bitcoin (BTCUSD)4.1%51.6%0.2614.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TWIN
TWIN9.1%57.5%0.38-
Sector ETF (XLI)13.4%20.1%0.5838.8%
Equity (SPY)15.2%17.9%0.7236.2%
Gold (GLD)11.6%16.5%0.573.2%
Commodities (DBC)7.8%18.1%0.3411.3%
Real Estate (VNQ)5.4%20.7%0.2227.1%
Bitcoin (BTCUSD)61.7%66.3%1.0112.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.5 Mil
Short Interest: % Change Since 9302026-5.8%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest6.4 days
Basic Shares Quantity14.2 Mil
Short % of Basic Shares3.3%

Earnings Returns History

Updated 11/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/20/20263.3%-0.7%5.1%
5/6/202614.2%17.4%18.1%
2/4/2026-15.0%-5.1%-5.3%
11/5/2025-1.4%1.9%-1.2%
8/21/202530.0%46.9%54.6%
5/7/20256.2%10.6%8.4%
2/5/2025-2.8%-1.2%-26.3%
11/6/20241.8%3.3%4.4%
...
SUMMARY STATS   
# Positive131213
# Negative101110
Median Positive6.2%14.2%8.4%
Median Negative-4.6%-4.9%-9.0%
Max Positive30.0%46.9%54.6%
Max Negative-15.0%-17.5%-36.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/20/20263.3%-0.7%5.1%
5/6/202614.2%17.4%18.1%
2/4/2026-15.0%-5.1%-5.3%
11/5/2025-1.4%1.9%-1.2%
8/21/202530.0%46.9%54.6%
5/7/20256.2%10.6%8.4%
2/5/2025-2.8%-1.2%-26.3%
11/6/20241.8%3.3%4.4%
8/15/20244.7%5.3%4.9%
4/30/2024-1.5%-3.6%-13.4%
2/7/2024-3.2%-2.8%3.9%
11/2/2023-5.1%-5.4%-1.5%
8/16/20232.9%14.0%7.3%
4/28/202321.8%22.6%15.7%
2/3/20235.8%14.4%9.4%
11/4/2022-12.5%-16.5%-12.7%
9/1/202224.6%39.7%23.3%
5/4/2022-7.1%-17.5%-36.1%
2/2/20228.3%-4.9%5.2%
10/29/20217.8%6.1%-0.2%
8/13/2021-4.2%-7.8%-19.9%
4/30/20215.3%23.0%37.5%
1/29/2021-7.9%-4.3%-5.1%
SUMMARY STATS   
# Positive131213
# Negative101110
Median Positive6.2%14.2%8.4%
Median Negative-4.6%-4.9%-9.0%
Max Positive30.0%46.9%54.6%
Max Negative-15.0%-17.5%-36.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202609/04/202610-K
03/31/202605/06/202610-Q
12/31/202502/04/202610-Q
09/30/202511/05/202510-Q
06/30/202509/05/202510-K
03/31/202505/07/202510-Q
12/31/202402/05/202510-Q
09/30/202411/06/202410-Q
06/30/202409/06/202410-K
03/31/202405/08/202410-Q
12/31/202302/07/202410-Q
09/30/202311/08/202310-Q
06/30/202309/08/202310-K
03/31/202305/10/202310-Q
12/31/202202/08/202310-Q
09/30/202211/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202609/04/202610-K
03/31/202605/06/202610-Q
12/31/202502/04/202610-Q
09/30/202511/05/202510-Q
06/30/202509/05/202510-K
03/31/202505/07/202510-Q
12/31/202402/05/202510-Q
09/30/202411/06/202410-Q
06/30/202409/06/202410-K
03/31/202405/08/202410-Q
12/31/202302/07/202410-Q
09/30/202311/08/202310-Q
06/30/202309/08/202310-K
03/31/202305/10/202310-Q
12/31/202202/08/202310-Q
09/30/202211/09/202210-Q
06/30/202209/08/202210-K
03/31/202205/04/202210-Q
12/31/202102/09/202210-Q
09/30/202111/03/202110-Q
06/30/202109/02/202110-K
03/31/202105/04/202110-Q
12/31/202002/03/202110-Q
09/30/202011/03/202010-Q
06/30/202008/26/202010-K
03/31/202005/05/202010-Q
12/31/201902/04/202010-Q
09/30/201911/05/201910-Q

Insider Activity

Updated 9/8/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Knutson, Jeffrey ScottVP Finance, CFO, Secr & TreaDirectSell908202624.257,482181,4383,998,607Form
2Knutson, Jeffrey ScottVP Finance, CFO, Secr & TreaDirectSell908202623.255,902137,2224,007,672Form
3Knutson, Jeffrey ScottVP Finance, CFO, Secr & TreaDirectSell904202623.004,30298,9464,100,325Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Knutson, Jeffrey ScottVP Finance, CFO, Secr & TreaDirectSell908202624.257,482181,4383,998,607Form
2Knutson, Jeffrey ScottVP Finance, CFO, Secr & TreaDirectSell908202623.255,902137,2224,007,672Form
3Knutson, Jeffrey ScottVP Finance, CFO, Secr & TreaDirectSell904202623.004,30298,9464,100,325Form

Investor Activity (13F)

Updated Nov 4, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Juniper Investment Company, LLC$15.4 Mil4.9%8Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Juniper Investment Company, LLC$15.4 Mil4.9%8Hold13F
Core Cache Last Updated: 11/2/2026