Forensic Analysis · Industrials / Manufacturing / Defense · as of Jun 28, 2026
TWIN DISC INC (TWIN)
A forensic read on TWIN DISC INC built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
4.5
Altman Z-score
Clean
Earnings quality
4
Forensic signals
13.1
P / E (ttm)
15.3%
ROE
$349M
Market cap
0.69%
Dividend yield
TWIN DISC INC earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 4.5, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
2%Return on invested capital.Return on invested capital is 2% and slipping from 5% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
+1.2%/yrShare-count dilution.Diluted share count changed +4% over the last 3 years to FY2025 (+1.2%/yr). The count is GROWING — existing holders are being diluted. That's ~1.2% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~4%.
$25MGoodwill impairments.Took $25M of goodwill writedowns across 1 year(s) (FY2020 ($25M)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
-50%Dividend — cut.The payout was CUT ~50% in FY2016 (from FY2015). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin-0.6%
Debt / Equity0.19x
Free Cash Flow$8.8M
Latest Revenue$340.7M
Return on Equity-1.2%
Revenue Growth YoY+15.5%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on TWIN DISC INC:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about TWIN's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown