NYSE : TKR
The Timken Company — Financial statements
Industrials · Tools & Accessories · United States
Last price 114.83 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.96B
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Financial statements
The Timken Company (TKR) reported revenue of 4.76B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.76B | 4.58B | 4.57B | 4.77B | 4.50B | 4.13B |
| Cost of Revenue | 3.20B | 3.19B | 3.13B | 3.25B | 3.15B | 2.98B |
| Gross Profit | 1.56B | 1.39B | 1.45B | 1.52B | 1.34B | 1.16B |
| Selling, General & Admin | 783.70M | 753.30M | 755.90M | 744.20M | 624.90M | 561.90M |
| Amortization of Goodwill & Intangibles | 81.50M | 79.10M | 78.00M | 65.70M | 43.90M | 46.80M |
| Operating Expenses | 865.20M | 832.40M | 833.90M | 809.90M | 668.80M | 608.70M |
| Operating Income | 690.20M | 560.90M | 612.50M | 713.80M | 674.20M | 546.80M |
| Interest Expense | -104.50M | -110.30M | -125.10M | -110.70M | -74.60M | -58.80M |
| Interest & Investment Income | 9.20M | 10.30M | 14.90M | 9.30M | 3.80M | 2.30M |
| Currency Exchange Gain (Loss) | 5.30M | 1.90M | -18.80M | -15.00M | -25.20M | 3.60M |
| Other Non Operating Income (Expenses) | -14.00M | -10.70M | 14.70M | 13.80M | 30.70M | -1.90M |
| EBT Excluding Unusual Items | 586.20M | 452.10M | 498.20M | 611.20M | 608.90M | 492.00M |
| Merger & Restructuring Charges | -120.90M | -25.20M | -15.60M | -26.90M | -16.80M | -10.60M |
| Impairment of Goodwill | -1.50M | -28.30M | ||||
| Gain (Loss) on Sale of Assets | -1.30M | 13.80M | ||||
| Asset Writedown | -79.10M | -100.00K | -2.00M | -4.90M | -38.30M | -4.50M |
| Other Unusual Items | -2.80M | -10.80M | 1.30M | -20.60M | -2.90M | -300.00K |
| Pretax Income | 382.10M | 416.00M | 494.20M | 530.50M | 550.90M | 476.60M |
| Income Tax Expense | 98.80M | 98.70M | 118.90M | 122.50M | 133.90M | 95.10M |
| Earnings From Continuing Operations | 283.30M | 317.30M | 375.30M | 408.00M | 417.00M | 381.50M |
| Minority Interest in Earnings | -24.60M | -28.90M | -22.60M | -13.90M | -9.60M | -12.40M |
| Net Income | 258.70M | 288.40M | 352.70M | 394.10M | 407.40M | 369.10M |
| Net Income to Common | 258.70M | 288.40M | 352.70M | 394.10M | 407.40M | 369.10M |
| Shares Outstanding (Basic) | 69.59M | 69.77M | 70.20M | 71.38M | 73.60M | 75.89M |
| Shares Outstanding (Diluted) | 70.17M | 70.23M | 70.75M | 72.08M | 74.32M | 77.01M |
| EPS (Basic) | 3.72 | 4.13 | 5.02 | 5.52 | 5.54 | 4.86 |
| EPS (Diluted) | 3.69 | 4.11 | 4.99 | 5.47 | 5.48 | 4.79 |
| Free Cash Flow | 385.50M | 406.10M | 305.70M | 357.40M | 285.40M | 239.00M |
| Free Cash Flow Per Share | 5.49 | 5.78 | 4.32 | 4.96 | 3.84 | 3.10 |
| Dividend Per Share | 1.41 | 1.39 | 1.35 | 1.30 | 1.23 | 1.19 |
| Gross Margin | 32.67% | 30.41% | 31.63% | 31.95% | 29.87% | 27.96% |
| Operating Margin | 14.50% | 12.24% | 13.39% | 14.97% | 14.99% | 13.23% |
| Profit Margin | 5.44% | 6.29% | 7.71% | 8.26% | 9.06% | 8.93% |
| Free Cash Flow Margin | 8.10% | 8.86% | 6.69% | 7.49% | 6.35% | 5.78% |
| EBITDA | 926.60M | 791.00M | 834.30M | 915.10M | 838.20M | 713.80M |
| EBITDA Margin | 19.46% | 17.26% | 18.24% | 19.19% | 18.64% | 17.27% |
| D&A For EBITDA | 236.40M | 230.10M | 221.80M | 201.30M | 164.00M | 167.00M |
| EBIT | 690.20M | 560.90M | 612.50M | 713.80M | 674.20M | 546.80M |
| EBIT Margin | 14.50% | 12.24% | 13.39% | 14.97% | 14.99% | 13.23% |
| Effective Tax Rate | 25.86% | 23.73% | 24.06% | 23.09% | 24.31% | 19.95% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 399.10M | 364.40M | 373.20M | 418.90M | 331.60M | 257.10M |
| Short-Term Investments | 21.10M | 15.90M | 31.60M | 39.20M | 56.90M | |
| Cash & Short-Term Investments | 399.10M | 385.50M | 389.10M | 450.50M | 370.80M | 314.00M |
| Receivables | 996.90M | 827.00M | 805.40M | 816.20M | 803.50M | 730.90M |
| Inventory | 1.25B | 1.24B | 1.20B | 1.23B | 1.19B | 1.04B |
| Restricted Cash | 1.40M | 1.00M | 400.00K | 400.00K | 9.10M | 800.00K |
| Other Current Assets | 196.00M | 144.00M | 126.40M | 138.70M | 129.30M | 125.10M |
| Total Current Assets | 2.84B | 2.60B | 2.52B | 2.63B | 2.50B | 2.21B |
| Property, Plant & Equipment | 1.44B | 1.51B | 1.44B | 1.43B | 1.31B | 1.17B |
| Long-Term Investments | 800.00K | 900.00K | 1.70M | 1.80M | 2.00M | |
| Goodwill | 1.52B | 1.49B | 1.38B | 1.37B | 1.10B | 1.02B |
| Other Intangible Assets | 955.90M | 1.00B | 1.01B | 1.03B | 765.30M | 668.80M |
| Long-Term Deferred Tax Assets | 44.90M | 53.20M | 41.00M | 44.30M | 71.00M | 67.60M |
| Other Long-Term Assets | 22.90M | 22.80M | 24.90M | 28.20M | 23.20M | 21.90M |
| Total Assets | 6.83B | 6.68B | 6.41B | 6.54B | 5.77B | 5.17B |
| Accounts Payable | 371.10M | 353.20M | 321.70M | 367.20M | 403.90M | 430.00M |
| Accrued Expenses | 295.90M | 308.60M | 288.30M | 300.60M | 311.00M | 269.40M |
| Short-Term Debt | 26.30M | 24.50M | 8.70M | 246.20M | 46.30M | 42.60M |
| Current Portion of Long-Term Debt | 13.90M | 11.80M | 1.60M | 357.00M | 1.40M | 9.80M |
| Current Portion of Leases | 33.10M | 35.70M | 34.70M | 28.30M | 25.40M | 27.60M |
| Current Income Taxes Payable | 17.30M | 31.40M | 24.40M | 19.90M | 51.30M | 26.20M |
| Current Unearned Revenue | 52.30M | 55.70M | 41.40M | 45.40M | 54.30M | 3.80M |
| Other Current Liabilities | 108.40M | 101.20M | 99.70M | 106.70M | 118.80M | 87.20M |
| Total Current Liabilities | 918.30M | 922.10M | 820.50M | 1.47B | 1.01B | 896.60M |
| Long-Term Debt | 2.03B | 1.88B | 2.04B | 1.78B | 1.91B | 1.41B |
| Long-Term Leases | 100.60M | 105.70M | 90.10M | 84.80M | 67.10M | 80.50M |
| Long-Term Unearned Revenue | 38.50M | 42.20M | 36.00M | |||
| Pension & Post-Retirement Benefits | 165.80M | 178.20M | 187.50M | 202.50M | 191.70M | 201.40M |
| Long-Term Deferred Tax Liabilities | 151.10M | 146.70M | 175.00M | 186.50M | 139.80M | 121.40M |
| Other Long-Term Liabilities | 97.00M | 61.70M | 68.00M | 74.00M | 96.20M | 84.90M |
| Total Liabilities | 3.46B | 3.33B | 3.43B | 3.84B | 3.42B | 2.79B |
| Common Stock | 40.70M | 40.70M | 40.70M | 40.70M | 40.70M | 40.70M |
| Additional Paid-In Capital | 1.32B | 1.30B | 1.27B | 1.08B | 829.60M | 786.90M |
| Retained Earnings | 2.76B | 2.68B | 2.49B | 2.23B | 1.93B | 1.62B |
| Treasury Stock | -796.40M | -738.00M | -670.60M | -620.10M | -352.20M | -126.10M |
| Comprehensive Income & Other | -124.80M | -96.50M | -301.70M | -146.90M | -181.90M | -23.00M |
| Total Common Equity | 3.19B | 3.18B | 2.83B | 2.58B | 2.27B | 2.29B |
| Minority Interest | 168.60M | 161.10M | 157.60M | 120.00M | 84.60M | 82.80M |
| Shareholders' Equity | 3.36B | 3.35B | 2.98B | 2.70B | 2.35B | 2.38B |
| Total Liabilities & Equity | 6.83B | 6.68B | 6.41B | 6.54B | 5.77B | 5.17B |
| Total Debt | 2.20B | 2.06B | 2.18B | 2.50B | 2.05B | 1.57B |
| Net Cash (Debt) | -1.80B | -1.67B | -1.79B | -2.05B | -1.68B | -1.25B |
| Net Cash Per Share | -25.72 | -23.78 | -25.29 | -28.44 | -22.63 | -16.29 |
| Filing Date Shares Outstanding | 69.30M | 69.54M | 70.00M | 70.13M | 72.39M | 74.93M |
| Total Common Shares Outstanding | 69.40M | 69.54M | 70.00M | 70.13M | 72.58M | 75.37M |
| Working Capital | 1.92B | 1.68B | 1.70B | 1.16B | 1.49B | 1.32B |
| Book Value Per Share | 46.03 | 45.80 | 40.38 | 36.82 | 31.25 | 30.45 |
| Tangible Book Value | 721.50M | 695.90M | 436.70M | 181.40M | 404.70M | 603.40M |
| Tangible Book Value Per Share | 10.40 | 10.01 | 6.24 | 2.59 | 5.58 | 8.01 |
| Land | 733.30M | 673.60M | 679.90M | 628.40M | 554.10M | |
| Machinery | 2.60B | 2.44B | 2.48B | 2.32B | 2.25B | |
| Order Backlog | 2.21B | 2.02B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 258.70M | 288.40M | 352.70M | 394.10M | 407.40M | 369.10M |
| Depreciation & Amortization | 236.40M | 230.10M | 221.80M | 201.30M | 164.00M | 167.00M |
| Loss (Gain) From Sale of Assets | -500.00K | -1.80M | -14.40M | 1.30M | 27.40M | 1.30M |
| Asset Writedown & Restructuring Costs | 79.10M | 100.00K | 3.50M | 33.20M | 9.00M | 5.30M |
| Stock-Based Compensation | 28.40M | 28.30M | 25.90M | 30.60M | 30.40M | 20.20M |
| Other Operating Activities | -10.20M | -18.60M | -33.50M | -3.90M | -5.70M | -34.70M |
| Change in Accounts Receivable | -50.00M | 7.10M | -10.90M | 31.20M | -99.50M | -49.60M |
| Change in Inventory | -41.50M | -3.10M | 9.60M | 72.00M | -145.60M | -215.80M |
| Change in Accounts Payable | 18.10M | 18.00M | -37.10M | -57.40M | -10.20M | 76.70M |
| Change in Income Taxes | -9.60M | -19.10M | -28.20M | -108.40M | 16.30M | 8.50M |
| Change in Other Net Operating Assets | 21.90M | 24.90M | -13.70M | -48.80M | 70.30M | 39.30M |
| Operating Cash Flow | 530.80M | 554.30M | 475.70M | 545.20M | 463.80M | 387.30M |
| Capital Expenditures | -145.30M | -148.20M | -170.00M | -187.80M | -178.40M | -148.30M |
| Sale of Property, Plant & Equipment | 2.80M | 4.50M | 17.60M | 1.80M | 9.60M | 600.00K |
| Cash Acquisitions | -124.40M | -167.40M | -638.80M | -453.70M | -7.50M | |
| Divestitures | 300.00K | 13.50M | 33.90M | |||
| Investment in Securities | -200.00K | -4.50M | 15.20M | 5.70M | 14.60M | -18.00M |
| Other Investing Activities | -100.00K | -100.00K | -300.00K | -900.00K | 700.00K | -600.00K |
| Investing Cash Flow | -267.20M | -148.30M | -304.60M | -806.50M | -573.30M | -173.80M |
| Short-Term Debt Issued | 11.80M | 190.00M | 6.90M | |||
| Long-Term Debt Issued | 466.30M | 2.22B | 1.67B | 1.70B | 635.90M | |
| Total Debt Issued | 771.70M | 478.10M | 2.22B | 1.86B | 1.70B | 635.90M |
| Short-Term Debt Repaid | -230.30M | -14.50M | ||||
| Long-Term Debt Repaid | -734.80M | -2.27B | -1.45B | -1.19B | -707.20M | |
| Total Debt Repaid | -869.90M | -734.80M | -2.50B | -1.45B | -1.19B | -721.70M |
| Net Debt Issued (Repaid) | -98.20M | -256.70M | -278.30M | 407.90M | 512.90M | -85.80M |
| Issuance of Common Stock | 6.70M | 1.90M | 5.60M | 21.80M | 8.50M | 26.00M |
| Repurchase of Common Stock | -70.30M | -67.40M | -50.50M | -267.90M | -222.30M | -116.80M |
| Common Dividends Paid | -99.10M | -98.30M | -96.10M | -94.00M | -91.70M | -92.20M |
| Other Financing Activities | -16.60M | -16.60M | 224.50M | 279.30M | -600.00K | -500.00K |
| Financing Cash Flow | -277.50M | -437.10M | -194.80M | 347.10M | 206.80M | -269.30M |
| Foreign Exchange Rate Adjustments | -6.40M | 22.90M | -22.00M | -7.20M | -14.50M | -7.40M |
| Net Cash Flow | -20.30M | -8.20M | -45.70M | 78.60M | 82.80M | -63.20M |
| Free Cash Flow | 385.50M | 406.10M | 305.70M | 357.40M | 285.40M | 239.00M |
| Free Cash Flow Margin | 8.10% | 8.86% | 6.69% | 7.49% | 6.35% | 5.78% |
| Free Cash Flow Per Share | 5.49 | 5.78 | 4.32 | 4.96 | 3.84 | 3.10 |
| Levered Free Cash Flow | 408.96M | 378.93M | 374.62M | 270.34M | 279.75M | 213.30M |
| Unlevered Free Cash Flow | 474.27M | 447.86M | 452.81M | 339.52M | 326.38M | 250.05M |
| Cash Interest Paid | 104.80M | 104.80M | 113.20M | 108.80M | 72.50M | 56.50M |
| Cash Income Tax Paid | 131.50M | 144.80M | 183.50M | 240.30M | 120.60M | 100.70M |
| Change in Working Capital | -61.10M | 27.80M | -80.30M | -111.40M | -168.70M | -140.90M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.87B | 5.86B | 5.00B | 5.65B | 5.14B | 5.26B |
| Enterprise Value | 9.67B | 7.81B | 7.09B | 7.70B | 6.80B | 6.62B |
| Last Close Price | 110.90 | 83.36 | 69.46 | 76.73 | 66.52 | 64.01 |
| PE Ratio | 30.78 | 20.32 | 14.19 | 14.35 | 12.62 | 14.24 |
| Forward PE | 17.27 | 14.63 | 11.65 | 11.98 | 10.92 | 12.93 |
| PS Ratio | 1.67 | 1.28 | 1.09 | 1.19 | 1.14 | 1.27 |
| PB Ratio | 2.41 | 1.75 | 1.68 | 2.09 | 2.19 | 2.21 |
| P/TBV Ratio | 11.01 | 8.42 | 11.46 | 31.17 | 12.70 | 8.71 |
| P/FCF Ratio | 20.61 | 14.43 | 16.37 | 15.82 | 18.01 | 21.99 |
| P/OCF Ratio | 14.97 | 10.57 | 10.52 | 10.37 | 11.08 | 13.57 |
| PEG Ratio | 1.17 | 1.70 | 1.87 | 1.00 | 0.91 | 1.02 |
| EV/Sales Ratio | 2.05 | 1.71 | 1.55 | 1.61 | 1.51 | 1.60 |
| EV/EBITDA Ratio | 10.52 | 9.88 | 8.50 | 8.42 | 8.11 | 9.28 |
| EV/EBIT Ratio | 14.13 | 13.93 | 11.58 | 10.79 | 10.08 | 12.11 |
| EV/FCF Ratio | 25.29 | 19.24 | 23.20 | 21.55 | 23.82 | 27.72 |
| Debt / Equity Ratio | 0.66 | 0.61 | 0.73 | 0.93 | 0.87 | 0.66 |
| Debt / EBITDA Ratio | 2.27 | 2.47 | 2.51 | 2.64 | 2.36 | 2.10 |
| Debt / FCF Ratio | 5.72 | 5.06 | 7.13 | 7.00 | 7.19 | 6.56 |
| Net Debt / Equity Ratio | 0.54 | 0.50 | 0.60 | 0.76 | 0.71 | 0.53 |
| Net Debt / EBITDA Ratio | 1.95 | 2.11 | 2.15 | 2.24 | 2.01 | 1.76 |
| Net Debt / FCF Ratio | 4.68 | 4.11 | 5.85 | 5.74 | 5.89 | 5.25 |
| Asset Turnover | 0.70 | 0.70 | 0.71 | 0.78 | 0.82 | 0.81 |
| Inventory Turnover | 2.59 | 2.62 | 2.58 | 2.68 | 2.82 | 3.16 |
| Quick Ratio | 1.52 | 1.31 | 1.46 | 0.86 | 1.16 | 1.17 |
| Current Ratio | 3.10 | 2.82 | 3.07 | 1.79 | 2.47 | 2.47 |
| Return on Equity (ROE) | 8.54% | 10.03% | 13.20% | 16.14% | 17.63% | 16.58% |
| Return on Assets (ROA) | 6.33% | 5.36% | 5.91% | 7.25% | 7.70% | 6.69% |
| Return on Invested Capital (ROIC) | 9.85% | 8.74% | 9.77% | 12.50% | 13.31% | 12.21% |
| Return on Capital Employed (ROCE) | 11.70% | 9.70% | 11.00% | 14.10% | 14.20% | 12.80% |
| Earnings Yield | 3.25% | 4.92% | 7.05% | 6.97% | 7.92% | 7.02% |
| FCF Yield | 4.85% | 6.93% | 6.11% | 6.32% | 5.55% | 4.55% |
| Dividend Yield | 1.27% | 1.65% | 1.89% | 1.61% | 1.74% | 1.71% |
| Payout Ratio | 39.03% | 34.09% | 27.25% | 23.85% | 22.51% | 24.98% |
| Buyback Yield / Dilution | 0.43% | 0.73% | 1.85% | 3.02% | 3.48% | -0.83% |
| Total Shareholder Return | 1.68% | 2.38% | 3.74% | 4.63% | 5.22% | 0.87% |