/
General: As used herein, the term Timken or the Company refers to The Timken Company and its subsidiaries unless the context otherwise dictates. Timken designs and manages a portfolio of engineered bearings and industrial motion products, and provides related services.
11.80% operating margin is respectable but not wide. ROIC at 8.61%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 0.2%, essentially flat. Margins also contracted 1.6pp. This is a business that needs a catalyst.
Net debt of $1.70B represents 4.2x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$4.67B
▲ +0.2% YoY
Net Income (TTM)
$308M
▼ -18.2% YoY
Op. Margin
12.10%
▼ -1.6pp YoY
ROIC
8.50%
▼ -1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$383M
▲ +32.8% YoY
Op. Cash Flow (TTM)
$535M
▲ +16.5% YoY
Net Debt
$1.87B
Cash & Equiv.
$345M
5Y CAGR: +5.5%
5Y CAGR: -2.3%
Continue Research