Company Description
Twin Disc, Incorporated (NASDAQ: TWIN) designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. According to the company’s disclosures, its products are sold worldwide to both domestic and foreign customers through a combination of a direct sales force and a distributor network. Twin Disc is classified in the Wholesale Trade sector, within the electrical apparatus and equipment, wiring supplies, and related equipment merchant wholesalers industry.
Business focus and product portfolio
Twin Disc states that its product portfolio includes marine transmissions, azimuth drives, surface drives, propellers, and boat management systems. In addition, the company offers power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, control systems, and braking systems. These products are used in marine and heavy-duty off-highway power transmission applications, reflecting the company’s focus on equipment that transfers and controls power in demanding operating environments.
The company reports that it serves customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government, military, and industrial markets. This mix of end markets means its equipment is used in a range of marine vessels and land-based applications where reliable power transmission is critical.
End markets and applications
Based on Twin Disc’s own descriptions, its marine-related offerings, such as marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, are directed to pleasure craft, commercial marine, and military marine customers. These products are designed to manage propulsion and power delivery on various types of vessels.
On the land-based and industrial side, the company highlights power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, control systems, and braking systems. These products support heavy-duty off-highway and industrial applications in sectors that include energy and natural resources, government, and broader industrial markets.
Sales channels and geographic reach
Twin Disc reports that its worldwide sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network. This structure allows the company to reach customers in multiple regions while combining in-house commercial capabilities with independent distribution partners.
Business segments and product groups
In its financial reporting, Twin Disc presents results by major product groups. The company identifies Marine and Propulsion Systems, Land-Based Transmissions, Industrial, and Other as key product groupings for its sales. Marine and Propulsion Systems encompass marine transmissions and related propulsion equipment, while Land-Based Transmissions cover transmissions used in off-highway and other land-based applications. The Industrial category includes products serving industrial markets, and Other captures additional product lines that do not fall into the main groups.
Market positioning and sector role
Within the Wholesale Trade sector and its specified industry classification, Twin Disc occupies a specialized position focused on power transmission equipment for marine and heavy-duty off-highway uses. Its disclosures emphasize a diversified set of end markets, including pleasure craft, commercial and military marine, energy and natural resources, government, military, and industrial customers. The company’s product range, from marine transmissions and propulsion systems to industrial clutches and braking systems, supports applications where controlled transfer of power is essential.
Investor and corporate governance context
Twin Disc files regular reports and current reports with the U.S. Securities and Exchange Commission, including Form 8-K filings that cover financial results, investor presentations, and shareholder meeting outcomes. The company’s common stock, with no par value, is listed on The NASDAQ Stock Market LLC under the trading symbol TWIN, as disclosed in its SEC filings. The company is incorporated in Wisconsin, and its proxy materials describe ongoing corporate governance processes such as the annual meeting of shareholders, election of directors, advisory votes on executive compensation, and ratification of its independent registered public accounting firm.
Use of non-GAAP measures
In its investor communications, Twin Disc notes that it uses certain non-GAAP financial measures, such as EBITDA, organic net sales, net debt, and free cash flow, alongside GAAP results. The company states that management uses these measures to analyze performance and trends in its core businesses, and that these measures are presented together with the most directly comparable GAAP measures.
Summary
Overall, Twin Disc, Incorporated is described in its public disclosures as a Wisconsin-based company whose common stock trades on NASDAQ under the symbol TWIN. It focuses on designing, manufacturing, and selling marine and heavy-duty off-highway power transmission equipment, including marine transmissions, propulsion systems, industrial clutches, control systems, and related products. Its customer base spans marine, energy and natural resources, government, military, and industrial markets, and it reaches these customers worldwide through a combination of direct sales and distributors.
Stock Performance
Twin Disc (TWIN) stock last traded at $14.88, up 3.93% from the previous close. Over the past 12 months, the stock has gained 83.0%. At a market capitalization of $212.1M, TWIN is classified as a micro-cap stock with approximately 14.4M shares outstanding.
Latest News
Twin Disc has 10 recent news articles. Of the recent coverage, 5 articles coincided with positive price movement and 5 with negative movement. Key topics include earnings, dividends, conferences. View all TWIN news →
SEC Filings
Twin Disc has filed 5 recent SEC filings, including 5 Form 4. The most recent filing was submitted on March 5, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all TWIN SEC filings →
Financial Highlights
Twin Disc generated $340.7M in revenue over the trailing twelve months, retaining a 27.2% gross margin, operating income reached $9.9M (2.9% operating margin), and net income was -$1.9M, reflecting a -0.6% net profit margin. Diluted earnings per share stood at $-0.14. The company generated $24.0M in operating cash flow. With a current ratio of 1.96, the balance sheet reflects a strong liquidity position.
Upcoming Events
Short Interest History
Short interest in Twin Disc (TWIN) currently stands at 30.6 thousand shares, down 17.4% from the previous reporting period, representing 0.3% of the float. Over the past 12 months, short interest has decreased by 76.7%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Twin Disc (TWIN) currently stands at 1.0 days, down 13% from the previous period. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 64.4% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 4.7 days.
TWIN Company Profile & Sector Positioning
Twin Disc (TWIN) operates in the Specialty Industrial Machinery industry within the broader General Industrial Machinery & Equipment sector and is listed on the NASDAQ.
Investors comparing TWIN often look at related companies in the same sector, including Babcock & Wilcox Enterprises I (BW), Taylor Devices Inc (TAYD), ZJK Industrial Co Ltd (ZJK), NET POWER INC (NPWR), and Hurco Co (HURC). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate TWIN's relative position within its industry.