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TWIN DISC INC (TWIN) Annual Reports

Q: Where can I read TWIN DISC INC (TWIN) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

TWIN DISC INC is listed on Nasdaq, classified by the SEC under General Industrial Machinery & Equipment (SIC 3560). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 06/30
SEC CIK： 100378 →

Website：Official site ↗

Financial Highlights

FY2026 FY (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Operating income	$7.8M	$6.5M	+19.5%
Net income	$9.4M	$2.6M	+257.1%
EPS (diluted)	$0.64	$0.19	+236.8%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 114 mn Net income 9.36 mn

Periods follow the company’s fiscal year (Apple ends in September, Walmart in January), so they differ from calendar quarters.

Show table：Income statement

Item	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3	2026Q4
Revenue	228	61.4	75.2	76.5	97.4	81.3	82.9	95.5	96.1	68.8	72.3	68.2	75.9	66.4	63.2	60.7	73.6	64.8	72.7	60.9	67.3	37.4	44.8	41.4	42.6	35.8	33.7	45.1	53.6	45.1	56.5	65.3	73.8	74.7	78.1	77.4	72.5	59.3	59.5	68.6	59.4	—	46.1	48.4	57.6	66.2	47.8	59.9	59.3	76.0	55.9	63.4	73.8	83.9	63.5	63.5	73.0	74.2	84.4	72.9	89.9	81.2	96.7	80.0	90.2	96.7	114
Gross profit	60.5	20.0	23.8	27.8	36.1	30.8	29.6	33.1	28.3	19.4	22.3	17.7	20.6	20.7	18.5	16.5	21.5	22.4	22.1	19.0	19.5	8.19	11.6	9.62	11.2	9.17	8.95	13.3	16.8	13.9	18.1	20.7	27.5	24.0	26.1	23.1	16.4	9.64	15.7	16.6	13.8	—	10.3	9.49	14.0	18.3	13.4	13.5	17.7	24.2	13.3	17.0	19.3	24.8	16.6	16.6	20.7	20.9	25.1	19.3	21.7	21.7	31.2	22.9	22.4	27.1	30.1
Operating income	3.09	5.25	5.12	10.7	13.6	14.9	9.47	15.3	5.24	2.80	5.54	0.27	1.41	4.06	1.36	-0.34	3.81	6.48	5.60	3.34	0.07	-6.55	-3.56	-4.73	-9.76	-3.56	-4.43	-3.37	2.38	-0.99	2.03	5.53	8.37	4.83	6.75	6.97	-0.04	-6.83	-4.95	-26.9	-1.54	—	-3.15	-4.61	0.52	-5.03	3.25	-3.02	3.06	7.75	-1.79	5.03	4.61	8.22	-0.28	-0.28	3.44	3.60	4.72	-0.16	2.76	1.95	6.54	2.24	2.09	5.82	7.82
Net income	0.6	2.66	4.03	4.55	7.59	9.58	5.86	9.39	1.28	1.25	3.36	-0.76	0.05	1.28	0.52	-0.47	2.32	4.04	3.75	2.95	0.44	-4.32	-2.30	-0.96	-5.52	-2.70	-2.91	-1.85	1.16	3.39	-4.11	4.31	5.94	2.86	4.07	4.56	-0.82	-6.31	-6.52	-25.2	-1.76	-3.94	-3.98	-4.31	0.09	-21.5	1.92	-3.84	2.23	7.78	-2.03	1.14	2.67	8.60	-1.17	-1.17	0.93	3.82	7.41	-2.76	0.92	-1.47	2.62	-0.52	14.9	3.33	9.36

Balance sheet

Quarterly · In mn (USD)

Total assets 401 mn Total liabilities 181 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3	2026Q4
Current assets	—	—	—	—	195	204	205	219	197	196	193	190	188	182	181	183	180	179	174	168	170	148	143	133	125	124	115	125	129	129	135	152	159	202	212	208	202	199	196	182	174	—	173	175	173	192	195	186	201	204	202	211	216	220	209	—	217	219	220	230	217	232	247	255	252	260	278
Total assets	—	—	—	—	309	316	316	325	304	300	300	295	285	273	275	276	267	264	255	246	250	236	226	218	214	213	202	210	211	215	213	229	235	341	351	345	347	341	343	301	294	—	302	307	298	275	276	265	278	277	270	280	286	289	278	—	285	289	312	324	307	333	356	364	384	391	401
Current liabilities	—	—	—	—	84.0	77.2	77.9	73.4	66.6	59.4	60.8	57.3	63.5	54.4	57.7	55.8	57.0	54.1	55.6	57.6	57.0	50.9	57.4	40.9	36.1	35.8	34.2	40.5	44.5	41.2	46.7	52.9	62.3	78.1	77.4	69.3	73.1	72.2	76.0	72.1	66.7	—	69.4	75.1	68.9	78.6	80.5	80.5	85.0	81.1	81.9	86.8	88.6	100	92.2	—	97.5	98.6	99.5	103	103	110	126	122	119	124	119
Total liabilities	—	—	—	—	171	171	171	168	167	161	158	155	142	129	129	129	115	112	105	99.5	110	102	96.7	87.4	96.9	97.1	92.7	99.6	87.3	84.9	84.5	93.0	91.1	162	169	158	164	168	174	157	154	—	162	164	158	145	145	137	148	145	145	146	147	144	138	—	139	142	157	166	160	183	191	203	199	204	181
Equity	89.3	—	—	—	137	145	145	156	136	139	140	139	143	144	145	146	152	151	150	146	140	133	128	130	116	115	109	110	123	130	128	135	143	178	181	186	182	173	169	143	139	141	140	142	140	130	131	127	129	131	124	133	138	145	140	—	145	146	155	158	147	150	164	160	185	186	220

Cash flow

Quarterly · In mn (USD)

Operating 20.6 mn Investing -3.99 mn Financing -16.2 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3	2026Q4
Operating	35.1	4.08	4.40	-4.42	9.79	-1.20	-1.86	-0.75	18.3	2.08	10.0	-1.29	13.7	9.72	9.90	-1.83	7.96	0.38	9.07	6.06	1.56	-2.37	-2.08	-0.89	8.73	-2.66	0.22	1.60	4.02	-1.43	5.24	-2.81	5.51	0.82	-4.60	-8.38	6.70	1.48	-1.36	5.22	3.79	—	-0.72	3.49	2.24	1.51	2.37	-3.42	-6.17	-1.09	-0.7	0.73	6.83	16.0	9.80	—	6.25	6.23	11.4	-4.34	8.66	3.22	16.4	-7.52	4.56	5.31	20.6
Investing	-4.60	-1.49	-1.66	-1.18	-7.69	-3.88	-3.23	-3.64	-3.15	-1.60	-2.19	-1.38	-1.33	-0.87	-2.34	-2.10	-1.80	-2.25	-0.61	-1.27	-2.70	3.90	-1.56	-0.57	-0.63	-0.65	-0.57	-0.77	-1.05	-1.58	-1.48	-1.28	-1.96	-63.3	-3.09	2.36	-2.88	-4.14	-2.80	-2.14	-1.05	—	-1.23	-0.93	-0.94	0.35	8.71	-0.67	-0.3	-1.84	-1.70	4.50	-2.21	-1.00	-3.64	—	-2.03	-2.09	-24.3	-2.72	-2.46	-18.8	-8.93	-3.44	-3.38	-3.34	-3.99
Financing	-23.2	0.94	-0.95	-2.62	-1.56	10.1	0.05	2.87	-16.4	5.36	-9.08	-0.3	-8.38	-5.51	-4.74	2.97	-7.66	3.61	-7.84	-5.36	0.4	-0.88	1.76	-5.56	-3.38	0.81	-1.93	1.35	-2.67	1.53	-3.75	2.90	-2.75	63.8	9.51	2.91	-7.07	6.66	2.56	-9.63	-0.64	—	-0.75	-1.77	-0.15	-1.65	-0.57	-6.60	8.84	2.38	0.72	-5.75	-1.16	-13.3	0.64	—	-4.46	-1.27	7.84	0.93	-4.84	14.1	-11.2	9.87	-0.17	-0.05	-16.2

Profitability

Quarterly · %

Gross margin 26.3% Operating margin 6.8% Net margin 8.2%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3	2026Q4
Gross margin	26.6%	32.6%	31.6%	36.3%	37.1%	37.8%	35.6%	34.6%	29.4%	28.2%	30.9%	25.9%	27.2%	31.1%	29.3%	27.2%	29.3%	34.5%	30.4%	31.2%	29.0%	21.9%	25.9%	23.2%	26.2%	25.6%	26.6%	29.5%	31.4%	30.8%	32.1%	31.7%	37.3%	32.1%	33.4%	29.9%	22.7%	16.3%	26.4%	24.1%	23.3%	—	22.3%	19.6%	24.2%	27.7%	28.1%	22.5%	29.8%	31.8%	23.8%	26.9%	26.1%	29.5%	26.2%	26.2%	28.3%	28.2%	29.7%	26.5%	24.1%	26.7%	32.3%	28.7%	24.8%	28.1%	26.3%
Operating margin	1.4%	8.5%	6.8%	14.0%	14.0%	18.3%	11.4%	16.0%	5.5%	4.1%	7.7%	0.4%	1.9%	6.1%	2.1%	-0.6%	5.2%	10.0%	7.7%	5.5%	0.1%	-17.5%	-7.9%	-11.4%	-22.9%	-9.9%	-13.2%	-7.5%	4.4%	-2.2%	3.6%	8.5%	11.3%	6.5%	8.6%	9.0%	-0.1%	-11.5%	-8.3%	-39.2%	-2.6%	—	-6.8%	-9.5%	0.9%	-7.6%	6.8%	-5.0%	5.2%	10.2%	-3.2%	7.9%	6.2%	9.8%	-0.4%	-0.4%	4.7%	4.9%	5.6%	-0.2%	3.1%	2.4%	6.8%	2.8%	2.3%	6.0%	6.8%
Net margin	0.3%	4.3%	5.4%	6.0%	7.8%	11.8%	7.1%	9.8%	1.3%	1.8%	4.7%	-1.1%	0.1%	1.9%	0.8%	-0.8%	3.2%	6.2%	5.2%	4.8%	0.7%	-11.6%	-5.1%	-2.3%	-12.9%	-7.5%	-8.7%	-4.1%	2.2%	7.5%	-7.3%	6.6%	8.1%	3.8%	5.2%	5.9%	-1.1%	-10.6%	-10.9%	-36.8%	-3.0%	—	-8.6%	-8.9%	0.2%	-32.5%	4.0%	-6.4%	3.8%	10.2%	-3.6%	1.8%	3.6%	10.2%	-1.9%	-1.9%	1.3%	5.2%	8.8%	-3.8%	1.0%	-1.8%	2.7%	-0.7%	16.5%	3.4%	8.2%

Returns & leverage

Quarterly · %

ROE 14.1% ROA 7.2% Debt ratio 45.2%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3	2026Q4
ROE	—	—	—	—	16.6%	17.8%	19.1%	20.8%	19.1%	12.5%	10.7%	3.5%	2.8%	2.8%	0.8%	1.0%	2.5%	4.4%	6.5%	8.9%	7.7%	2.0%	-2.3%	-5.2%	-10.2%	-9.2%	-10.2%	-10.8%	-5.3%	-0.2%	-1.2%	3.9%	7.2%	5.8%	11.1%	10.9%	6.6%	0.9%	-5.2%	-23.6%	-24.8%	-23.9%	-22.6%	-9.8%	-8.7%	-21.9%	-17.6%	-17.4%	-15.8%	6.2%	3.3%	7.0%	7.2%	7.5%	8.5%	—	5.1%	1.6%	7.5%	6.0%	6.4%	2.8%	-0.4%	1.0%	9.4%	12.1%	14.1%
ROA	—	—	—	—	6.1%	8.1%	8.7%	10.0%	8.5%	5.8%	5.0%	1.7%	1.3%	1.4%	0.4%	0.5%	1.3%	2.4%	3.6%	5.0%	4.3%	1.1%	-1.4%	-3.1%	-5.7%	-5.1%	-5.7%	-6.1%	-3.0%	-0.1%	-0.7%	2.2%	4.3%	3.2%	6.1%	6.1%	3.7%	0.4%	-2.6%	-12.0%	-12.4%	—	-10.8%	-4.6%	-4.1%	-10.8%	-8.2%	-8.2%	-7.4%	2.9%	1.5%	3.4%	3.4%	3.7%	4.1%	—	2.5%	0.8%	3.7%	2.9%	3.2%	1.3%	-0.2%	0.5%	4.5%	5.6%	7.2%
Debt ratio	—	—	—	—	55.3%	53.9%	54.0%	51.7%	54.8%	53.5%	52.9%	52.6%	49.7%	47.1%	46.8%	46.9%	43.0%	42.7%	41.1%	40.4%	43.9%	43.3%	42.9%	40.0%	45.3%	45.6%	45.8%	47.5%	41.4%	39.5%	39.6%	40.7%	38.8%	47.6%	48.2%	45.9%	47.3%	49.2%	50.6%	52.2%	52.4%	—	53.5%	53.5%	52.8%	52.6%	52.4%	51.6%	53.4%	52.6%	53.7%	52.3%	51.5%	49.7%	49.6%	—	48.8%	49.1%	50.3%	51.2%	52.0%	54.9%	53.8%	55.7%	51.8%	52.3%	45.2%

EPS

Quarterly · US$

EPS US$0.64

Show table：EPS

Item	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2	2026Q3	2026Q4
EPS（US$）	0.05	0.24	0.35	0.40	0.66	0.83	0.51	0.81	0.11	0.11	0.29	-0.07	0.00	0.11	0.05	-0.04	0.20	0.36	0.33	0.26	0.04	-0.39	-0.21	-0.09	-0.49	-0.24	-0.26	-0.16	0.10	0.29	-0.36	0.37	0.51	0.24	0.31	0.34	-0.07	-0.48	-0.49	-1.92	-0.14	—	-0.30	-0.33	0.01	-1.62	0.14	-0.29	0.17	0.58	-0.15	0.08	0.20	0.62	-0.09	-0.09	0.07	0.27	0.53	-0.20	0.07	-0.11	0.19	-0.04	1.04	0.23	0.64

Revenue & profit

Year-to-date · In mn (USD)

Revenue 381 mn Net income 27.1 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 401 mn Total liabilities 181 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 22.9 mn Investing -14.2 mn Financing -6.59 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 26.9% Operating margin 4.7% Net margin 7.1%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 14.1% ROA 7.2% Debt ratio 45.2%

EPS

Year-to-date · US$

EPS US$1.87

Revenue & profit

Annual · In mn (USD)

Revenue 381 mn Net income 27.1 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Revenue	310	356	285	264	266	166	168	241	303	247	—	243	277	359	341	381
Gross profit	108	122	80.0	77.3	83.0	40.6	48.2	80.2	89.6	55.7	—	68.8	74.3	100.0	93.9	103
Operating income	34.7	44.9	10.0	8.89	15.5	-24.6	-8.98	14.9	18.5	-40.3	—	11.0	16.1	11.2	11.1	18.0
Net income	18.8	26.1	3.90	3.64	11.2	-13.1	-6.29	9.53	10.7	-39.8	-33.7	8.09	10.4	9.82	-0.7	27.1

Balance sheet

Annual · In mn (USD)

Total assets 401 mn Total liabilities 181 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Current assets	195	197	188	180	170	125	129	159	202	174	192	204	220	220	247	278
Total assets	309	304	285	267	250	214	211	235	347	294	275	277	289	312	356	401
Current liabilities	84.0	66.6	63.5	57.0	57.0	36.1	44.5	62.3	73.1	66.7	78.6	81.1	100	99.5	126	119
Total liabilities	171	167	142	115	110	96.9	87.3	91.1	164	154	145	145	144	157	191	181
Equity	137	136	143	152	140	116	123	143	182	139	130	131	145	155	164	220

Cash flow

Annual · In mn (USD)

Operating 22.9 mn Investing -14.2 mn Financing -6.59 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Operating	13.9	14.4	24.5	25.8	17.1	3.39	3.18	6.51	-5.46	9.12	—	-8.31	22.9	—	24.0	22.9
Investing	-12.0	-13.9	-6.50	-7.11	-6.84	1.14	-3.04	-6.30	-66.9	-10.1	—	5.90	-0.41	—	-32.9	-14.2
Financing	-4.18	-3.47	-12.4	-14.9	-9.20	-8.06	-2.44	-2.07	69.2	-1.05	—	4.05	-19.5	—	-0.96	-6.59

Profitability

Annual · %

Gross margin 26.9% Operating margin 4.7% Net margin 7.1%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Gross margin	34.7%	34.2%	28.1%	29.3%	31.2%	24.4%	28.7%	33.3%	29.6%	22.6%	—	28.3%	26.8%	27.9%	27.6%	26.9%
Operating margin	11.2%	12.6%	3.5%	3.4%	5.8%	-14.8%	-5.3%	6.2%	6.1%	-16.3%	—	4.5%	5.8%	3.1%	3.3%	4.7%
Net margin	6.1%	7.3%	1.4%	1.4%	4.2%	-7.9%	-3.7%	4.0%	3.5%	-16.1%	—	3.3%	3.8%	2.7%	-0.2%	7.1%

Returns & leverage

Annual · %

ROE 14.1% ROA 7.2% Debt ratio 45.2%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
ROE	13.7%	19.1%	2.8%	2.5%	7.7%	-10.2%	-5.3%	7.2%	6.6%	-24.8%	-25.0%	6.2%	7.5%	6.5%	-0.4%	14.1%
ROA	6.1%	8.5%	1.3%	1.3%	4.3%	-5.7%	-3.0%	4.3%	3.7%	-12.4%	-11.8%	2.9%	3.7%	3.3%	-0.2%	7.2%
Debt ratio	55.3%	54.8%	49.7%	43.0%	43.9%	45.3%	41.4%	38.8%	47.3%	52.4%	52.6%	52.6%	49.7%	50.3%	53.8%	45.2%

EPS

Annual · US$

EPS US$1.87

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
EPS（US$）	1.65	2.26	0.33	0.32	0.99	-1.18	-0.56	0.81	0.82	-3.03	—	0.60	0.75	0.69	-0.05	1.87

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read TWIN DISC INC (TWIN) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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