Twin Disc, Incorporated
TWIN Industrials Specialty Industrial Machinery
Twin Disc, Incorporated’s revenue for fiscal 2026 (year ended June 2026) was $381.3 million, up 11.9% from fiscal 2025. In the quarter to June 2026, revenue grew 18.3%, EPS fell 25.8%, free cash flow grew 95.3% and total debt fell 5.20%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five.
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Twin Disc, Incorporated (TWIN) Altman Z-score
Twin Disc, Incorporated's Altman Z-score for fiscal 2026 is 3.30, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 3.30 | 0.90 |
| FY2025 | 2.40 | (0.33) |
| FY2024 | 2.73 | (0.13) |
| FY2023 | 2.85 | 0.25 |
| FY2022 | 2.60 | 0.03 |
| FY2021 | 2.57 | 0.71 |
| FY2020 | 1.85 | (1.12) |
| FY2019 | 2.98 | (1.49) |
| FY2018 | 4.46 | 0.95 |
| FY2017 | 3.51 | 0.72 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.40 | — | 0.48 | |
| Retained earnings / total assets | 0.45 | — | 0.64 | |
| EBIT / total assets | 0.04 | — | 0.15 | |
| Market value of equity / total liabilities | 1.81 | — | 1.08 | |
| Sales / total assets | 0.95 | — | 0.95 | |
| Altman Z-score | Safe zone | 3.30 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.67 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| SERV Serve Robotics Inc. compare | 21.8× |
| RR Richtech Robotics Inc. compare | 14.7× |
| OFLX Omega Flex, Inc. compare | 11.7× |
| LXFR Luxfer Holdings PLC compare | 3.4× |
| TWIN Twin Disc, Incorporated | 3.3× |
| PKOH Park-Ohio Holdings Corp. compare | 2.1× |
| NPWR NET Power Inc. compare | 0.2× |
| SHMD SCHMID Group N.V. compare | — |
| NNE Nano Nuclear Energy Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets