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Timken (TKR) FY2025 results: revenue $4.6 billion, up 0.2% on the year

Timken Co. (TKR) reported revenue of $4.6 billion for fiscal 2025, the year ended 31 December 2025, up 0.2% on the year before. Net income was $288 million, down 18.2%, and diluted earnings per share $4.11. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2026.

Revenue
$4.6 billion
+0.2% on the year
FY2018FY2025
Operating margin
11.8%
13.4% a year earlier
FY2018FY2025
Net income
$288 million
-18.2% on the year
FY2018FY2025
Diluted EPS
$4.11
-17.6% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The year in brief

What management said about the year

Guidance figures: 5 new.

  • Fourth-quarter sales up 3.5 percent: Sales were $1.11 billion, up 3.5 percent from a year earlier; excluding currency, sales rose 1.3 percent organically.
  • Full-year adjusted EPS of $5.33: Full-year diluted EPS was $4.11 against $4.99. Adjusted EPS was $5.33 against $5.79, excluding special items.
  • Engineered Bearings margin fell to 16.1 percent: Engineered Bearings adjusted EBITDA was $114.9 million, or 16.1 percent of sales, against $122.0 million, or 17.2 percent, a year earlier.
  • Quarterly adjusted EBITDA margin 16.0 percent: Adjusted EBITDA was $177.8 million, or 16.0 percent of sales, against $178.2 million, or 16.6 percent. Net income margin was 5.6 percent against 6.6 percent.
  • Industrial Motion costs: volume helped: Industrial Motion adjusted EBITDA gains came from higher volume and lower operating costs, partly offset by incremental tariff costs.
Read the Q4 FY2025 earnings call summary

From this 10-K

The Timken Company designs and makes engineered bearings and industrial motion products and provides related services. It was founded in 1899 by Henry Timken, who received two patents on the design of a tapered roller bearing, and its largest technical center is at its headquarters in North Canton, Ohio. It operates in 44 countries through 116 manufacturing facilities and service centers, 29 technology and engineering centers and 74 distribution centers and warehouses. Its brands include Timken, GGB, Philadelphia Gear, Cone Drive, Rollon, Nadella, Groeneveld, BEKA, Lovejoy and Lagersmit. It reports two segments, Engineered Bearings and Industrial Motion.

Timken Co., the 10-K for 2025

The Timken Company designs and makes engineered bearings and industrial motion products and provides related services. It was founded in 1899 by Henry Timken, who received two patents on the design of a tapered roller bearing, and its largest technical center is at its headquarters in North Canton, Ohio. It operates in 44 countries through 116 manufacturing facilities and service centers, 29 technology and engineering centers and 74 distribution centers and warehouses. Its brands include Timken, GGB, Philadelphia Gear, Cone Drive, Rollon, Nadella, Groeneveld, BEKA, Lovejoy and Lagersmit. It reports two segments, Engineered Bearings and Industrial Motion.

Engineered Bearings

A bearing reduces friction between moving parts, carrying a load while letting a machine shaft rotate freely. The company makes tapered, spherical and cylindrical roller bearings, plain and rod end bearings, thrust and specialty ball bearings, and housed bearings. Its tapered roller bearing line comes in thousands of combinations in single-, double- and four-row configurations. Its bearings range in size from precision bearings the size of a pencil eraser to more than roughly three meters in diameter, and they go into cars, heavy trucks, helicopters, airplanes and trains as well as paper and steel mills, mining, construction, machine tools, gear drives and wind turbines.

Industrial motion products and services

Rollon, Nadella and Rosa Sistemi make linear guides, telescopic rails, linear actuators and gantry systems. Philadelphia Gear makes gear drives for crushing equipment, conveyors, pumps, power generation and marine use, and Cone Drive, Spinea and CGI make precision drives for automation, robotics and medical robotics. Groeneveld and BEKA make automatic lubrication systems, and the company also makes belts, Diamond and Drives roller chain, Lovejoy couplings, PT Tech clutches and brakes, Lagersmit seals for marine and dredging uses, and Des-Case filtration products. Its services include Timken Power Systems, which repairs and rewinds electric motors, generators and gearboxes, and a bearing repair business that brings used large-diameter bearings, including competitors' products, back to like-new specifications.

Customers and sales

The company sells to customers in industrial distribution, renewable energy, automation, automotive original equipment, agriculture and turf, rail, aerospace, the auto and truck aftermarket, construction, metals and mining, heavy truck and marine. It sells mainly through its own sales organizations, with sales engineers based near customers, and some sales go through authorized distributors or sales agents. It is one of five equity members of CoLinx, LLC, a North American logistics and e-business joint venture, with SKF Group, Schaeffler Group, RBC Bearings and Gates Industrial Corp.

Supply and competition

The main raw materials for its bearings are special bar quality (SBQ) steel and steel components, bought in bar, tube and wire forms and as forgings and finished components from suppliers around the world. Some of its customer contracts carry surcharge mechanisms that pass part of steel cost increases into bearing prices. The filing describes the bearing and industrial motion industries as highly competitive, with competition on product design and performance, application engineering, quality, price, delivery and global technical support. It names SKF Group and Schaeffler Group among its bearing competitors.

People

At December 31, 2025 the company had approximately 19,000 employees worldwide, and approximately 9% of its U.S. employees were covered by collective bargaining agreements.

From The Timken Company's annual report on Form 10-K for the year ended 31 December 2025. The filing

Written from the 10-K filed 13 February 2026: read the full 10-K.

The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025

Income statement (profit and loss)

$ millionFY2025FY2024FY2023On the yearLast 8 years
Revenue4,5824,5734,769+0.2%
Cost of revenue3,1883,1323,260+1.8%
Gross profit1,3931,4411,509-3.3%
Gross margin30.4%31.5%31.6%
Selling, general and administrative748752741-0.5%
Operating income541611657-11.5%
Operating margin11.8%13.4%13.8%
Interest expense110125111-11.8%
Pre-tax income416494530-15.8%
Income tax98.7119122-17.0%
Effective tax rate23.7%24.1%23.1%
Net income288353394-18.2%
Net margin6.3%7.7%8.3%
Diluted EPS$4.11$4.99$5.47-17.6%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2025FY2024FY2023On the yearLast 8 years
Operating cash flow554476545+16.5%
Capital expenditure148170188-12.8%
Free cash flow406306357+32.8%
Free cash flow margin8.9%6.7%7.5%
Cash from investing-148-305-806
Cash from financing-437-195347
Depreciation and amortisation230222201+3.7%
Share-based compensation28.325.930.6+9.3%
Buybacks57.440.5251+41.7%
Dividends paid98.396.194.0+2.3%
Dividend per share$1.39$1.35$1.30+3.0%
Diluted shares, weighted70m71m72m-0.7%

Balance sheet

$ millionFY2025FY2024FY2023On the yearLast 8 years
Shareholders' equity3,1852,8262,582+12.7%
Non-controlling interest161158120+2.2%
Short-term borrowingsn/a8.7n/a
Debt1,9222,0542,396-6.4%
Operating lease liabilities10184.078.7+20.0%
Finance lease liabilities4.96.16.1-19.7%
Other liabilities1,3031,2741,359+2.3%
Total liabilities and equity6,6776,4116,542+4.1%
Goodwill1,4861,3831,370+7.5%
Intangible assets1,0021,0061,031-0.4%
Cash and equivalents364373419-2.4%
Receivables689665672+3.7%
Inventory1,2431,1961,229+4.0%
Other assets1,8911,7881,821+5.8%
Total assets6,6776,4116,542+4.1%

10-K for the year ended 31 December 2025, filed 13 February 2026: the filing.