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Makes bearings and mechanical power-transmission products used in industrial, automotive and off-highway equipment.
Makes bearings and mechanical power-transmission products used in industrial, automotive and off-highway equipment.
Sells bearings both to equipment makers building them into new machines and, through distributors, as replacement parts, with the second channel less cyclical. Has grown power transmission (couplings, drives, gears) through a string of acquisitions to sell more per customer. Spun off its specialty steel business as TimkenSteel in 2014.
Moat: narrow (brand, installed base, customer qualification). Long-standing bearing brand qualified into OEM designs, with a recurring aftermarket replacement business.
Headquarters: North Canton, Ohio, US · Founded: 1899 · Employees: 19,000
Size Timken (TKR) is a United States Industrials company (Industrial Machinery) with a market value of $7.07B, the 954th largest of 3,117 United States companies the cockpit tracks. Shares closed at $102.03 on 6 Nov 2026.
Performance Over six months the shares fell 13.5%, against -8.0% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 6.0% over the last twelve months (peer median +20.2%); the operating margin is 15.2% (peer median 12.8%).
Valuation It trades at 14.5× forward earnings against a peer median of 22.8× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.8 points above its cost of capital (10.5% WACC).
Backlog Backlog (remaining performance obligations) was $166M at 30 Sep 2026, down 29% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit Timken has 4 bonds outstanding ($1.52B), rated BBB- by the agencies and trading like BBB at a weighted spread of 116 bp.
Short interest Short interest is 7.0% of the free float (15 Oct 2026).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.81B | $4.58B | $4.57B | $4.77B | $4.50B |
| Revenue growth | — | 0% | -4% | +6% | — |
| Gross profit | $1.52B | $1.31B | $1.36B | $1.45B | $1.29B |
| EBITDA | $967M | $817M | $847M | $940M | $819M |
| Net income | $283M | $288M | $353M | $394M | $407M |
| Free cash flow | $443M | $406M | $306M | $357M | $285M |
| Capital expenditure | $143M | $148M | $170M | $188M | $178M |
| Total debt | $473M | $2.06B | $2.18B | $2.50B | $2.05B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Timken TKR | $7.07B | -14% | +6% | 15% | 14.5× | 3.7% |
| SKF SKF-A.ST | $12.7B | +18% | -10% | 12% | 16.4× | 5.8% |
| NSK 6471.T | $2.87B | -27% | +26% | 5% | 12.9× | 1.9% |
| RBC Bearings RBC | $15.0B | -22% | +17% | 26% | 29.6× | 26.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TKR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.8% | -8.2% | 10th lowest of 21 |
| 6-month return | -13.5% | -8.0% | 9th lowest of 20 |
| Distance from 52-week high | -30.3% | -40.9% | 10th highest of 21 |
| Revenue growth (TTM) | +6.0% | +20.2% | 6th lowest of 21 |
| Operating margin | 15.2% | 12.8% | 9th highest of 21 |
| Forward P/E | 14.5× | 22.8× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 3.7% | 16.4% | 3rd least demanding of 17 |
| Growth delivered (Del g) | +5.5% | +11.8% | 6th lowest of 17 |
| Hurdle (Req g minus delivered) | -1.8 pp | +8.7 pp | 5th least demanding of 17 |
| ROIC minus cost of capital | +4.8 pp | -0.8 pp | 8th highest of 21 |
| EV / EBITDA | 7.5× | 14.6× | cheapest of 10 |
| Net debt / EBITDA | 0.1× | 0.7× | 4th least indebted of 11 |
| Bond spread | 116 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Timken TKR | United States | $7.07B | -14% | +6% | 15% | 14.5× | 3.7% | +5.5% |
| Shenzhen Envicool Technology 002837.SZ | China | $7.13B | -49% | +22% | 9% | 53.5× | 56.2% | +29.0% |
| Zurn Elkay Water Solutions ZWS | United States | $7.18B | -15% | +10% | 23% | 21.8× | 10.9% | -2.4% |
| Spirax SPX.L | United Kingdom | $7.24B | +2% | +5% | 18% | 22.7× | 20.5% | +7.4% |
| Beijing Huafeng Test & Control Technology 688200.SS | China | $6.87B | -4% | +44% | 36% | 50.0× | 47.7% | +27.6% |
| Robotechnik Intelligent Technology 300757.SZ | China | $7.37B | -42% | +203% | 9% | 219.2× | n/a | n/a |
| Sulzer SUN.SW | Switzerland | $7.39B | +23% | -3% | 13% | 17.9× | -1.4% | +3.7% |
| JBT Marel JBTM | United States | $6.66B | -8% | +20% | 10% | 14.2× | 12.7% | +17.0% |
| Zoomlion Heavy Industry Science & Technology 000157.SZ | China | $7.61B | -22% | +14% | 7% | 11.2× | 2.8% | -4.3% |
| KINGSEMI 688037.SS | China | $6.56B | -7% | +41% | -5% | 264.1× | n/a | n/a |
| Kokusai Electric 6525.T | Japan | $7.62B | -21% | +15% | 19% | 20.0× | 30.9% | -1.5% |
| Zhejiang Jingsheng Mechanical & Electrical 300316.SZ | China | $7.69B | -13% | -25% | 0% | 74.3× | 39.6% | +24.6% |
| INDO-MIM INDOMIM.NS | India | $6.39B | n/a | +26% | 20% | 60.8× | 30.3% | +15.8% |
| Leader Harmonious Drive Systems 688017.SS | China | $7.84B | +27% | +46% | 15% | 283.8× | n/a | n/a |
| Wuxi Lead Intelligent Equipment 300450.SZ | China | $7.88B | -41% | +28% | 10% | 22.9× | 10.4% | +19.9% |
| Rational Aktiengesellschaft RAA.DE | Germany | $7.95B | -4% | +6% | 27% | 26.1× | 14.8% | +14.2% |
| Han's Laser Technology Industry 002008.SZ | China | $7.97B | -48% | +59% | 12% | 19.1× | 19.6% | +9.5% |
| MISUMI 9962.T | Japan | $6.25B | +3% | +24% | 13% | 17.9× | 9.3% | +7.3% |
| Middleby MIDD | United States | $6.17B | +3% | -7% | 17% | 18.5× | 6.9% | +5.0% |
| Shanghai BOCHU Electronic Technology 688188.SS | China | $6.16B | 0% | +20% | 44% | 29.6× | 18.0% | +30.9% |
| GlobalWafers 6488.TWO | Taiwan | $8.15B | -23% | -6% | 11% | 21.4× | n/a | n/a |
Timken has 4 bonds outstanding with $1.52B face value. The agencies rate it BBB-; its bonds trade like BBB. Weighted yield 5.07%, a spread of 116 bp over government bonds.
Timken reported $166M of remaining performance obligations at 30 Sep 2026, down 29% from a year earlier and up 41% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.04.