Timken (TKR) financial statements
Timken reported revenue of $4.6B in fiscal 2025, up 6.2% a year over 9 years.
Net income was $288M and the operating margin 11.8%, against 9.2% in 2016.
Free cash flow was $406M, and the company returned $98M in dividends and $57M in net buybacks.
The diluted share count fell 11% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Timken's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B | $3.0B | $3.6B | $3.8B | $3.5B | $4.1B | $4.5B | $4.8B | $4.6B | $4.6B |
| Cost of revenue | $2.0B | $2.2B | $2.5B | $2.6B | $2.5B | $3.0B | $3.2B | $3.3B | $3.1B | $3.2B |
| Gross profit | $706M | $812M | $1.0B | $1.1B | $1.0B | $1.1B | $1.3B | $1.5B | $1.4B | $1.4B |
| Research and development | $32M | $35M | $37M | $41M | — | — | — | — | — | — |
| Selling, general and admin | $440M | $508M | $581M | $619M | $534M | $580M | $637M | $741M | $752M | $748M |
| Operating income | $244M | $300M | $454M | $516M | $455M | $513M | $607M | $657M | $611M | $541M |
| Interest expense | $34M | $37M | $52M | $72M | $68M | $59M | $75M | $111M | $125M | $110M |
| Pre-tax income | $202M | $260M | $408M | $472M | $396M | $477M | $551M | $530M | $494M | $416M |
| Income tax | $60M | $58M | $103M | $98M | $104M | $95M | $134M | $122M | $119M | $99M |
| Net income | $141M | $203M | $303M | $362M | $284M | $369M | $407M | $394M | $353M | $288M |
| EPS (diluted) | $1.78 | $2.58 | $3.86 | $4.71 | $3.72 | $4.79 | $5.48 | $5.47 | $4.99 | $4.11 |
| Diluted shares | 79M | 79M | 78M | 77M | 76M | 77M | 74M | 72M | 71M | 70M |
| Gross margin | 26.5% | 27.0% | 29.0% | 30.1% | 28.7% | 26.7% | 28.6% | 31.6% | 31.5% | 30.4% |
| Operating margin | 9.2% | 10.0% | 12.7% | 13.6% | 12.9% | 12.4% | 13.5% | 13.8% | 13.4% | 11.8% |
| Net margin | 5.3% | 6.8% | 8.5% | 9.6% | 8.1% | 8.9% | 9.1% | 8.3% | 7.7% | 6.3% |
Balance sheet
Fiscal years, from Timken's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $160M | $138M | $154M | $235M | $320M | $257M | $332M | $419M | $373M | $364M |
| Receivables | $438M | $525M | $547M | $545M | $581M | $626M | $700M | $672M | $665M | $689M |
| Inventory | $554M | $739M | $836M | $842M | $841M | $1.0B | $1.2B | $1.2B | $1.2B | $1.2B |
| Total current assets | $1.2B | $1.5B | $1.7B | $1.9B | $2.0B | $2.2B | $2.5B | $2.6B | $2.5B | $2.6B |
| Property, plant and equipment | $804M | $864M | $912M | $989M | $1.0B | $1.1B | $1.2B | $1.3B | $1.3B | $1.4B |
| Goodwill | $358M | $512M | $960M | $994M | $1.0B | $1.0B | $1.1B | $1.4B | $1.4B | $1.5B |
| Total assets | $2.8B | $3.4B | $4.4B | $4.9B | $5.0B | $5.2B | $5.8B | $6.5B | $6.4B | $6.7B |
| Total current liabilities | $453M | $672M | $686M | $737M | $848M | $897M | $1.0B | $1.5B | $820M | $922M |
| Long-term debt | $635M | $854M | $1.6B | $1.6B | $1.4B | $1.4B | $1.9B | $1.8B | $2.0B | $1.9B |
| Total liabilities | $1.5B | $1.9B | $2.8B | $2.9B | $2.8B | $2.8B | $3.4B | $3.8B | $3.4B | $3.3B |
| Shareholders' equity | $1.3B | $1.4B | $1.6B | $1.9B | $2.2B | $2.3B | $2.3B | $2.6B | $2.8B | $3.2B |
| Net debt | $491M | $735M | $1.5B | $1.5B | $1.1B | $1.2B | $1.6B | $2.0B | $1.7B | $1.6B |
Cash flow
Fiscal years, from Timken's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $404M | $237M | $332M | $550M | $578M | $387M | $464M | $545M | $476M | $554M |
| Capital spending | $138M | $105M | $113M | $141M | $122M | $148M | $178M | $188M | $170M | $148M |
| Free cash flow | $266M | $132M | $220M | $410M | $456M | $239M | $285M | $357M | $306M | $406M |
| Stock-based compensation | $14M | $25M | $32M | $27M | $23M | $20M | $30M | $31M | $26M | $28M |
| Dividends paid | $82M | $83M | $86M | $85M | $87M | $92M | $92M | $94M | $96M | $98M |
| Share buybacks (net) | -$101M | -$43M | -$98M | -$63M | -$49M | -$93M | -$212M | -$251M | -$40M | -$57M |
| Net borrowing | $2M | $263M | $721M | $12M | -$156M | -$28M | $428M | $426M | -$211M | -$257M |
| Free cash flow margin | 10.0% | 4.4% | 6.1% | 10.8% | 13.0% | 5.8% | 6.3% | 7.5% | 6.7% | 8.9% |
| Dividends per share | $1.03 | $1.06 | $1.09 | $1.10 | $1.14 | $1.20 | $1.23 | $1.30 | $1.36 | $1.40 |
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Open TKR in InvestinglyQuestions
What was Timken's revenue in 2025?
$4.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Timken generate?
$406M in fiscal 2025 (operating cash flow minus capital spending).
From Timken's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.