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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and TWIN DISC INC (TWIN). Click either name above to swap in a different company.

TWIN DISC INC is the larger business by last-quarter revenue ($90.2M vs $71.0M, roughly 1.3× Cheer Holding, Inc.). TWIN DISC INC runs the higher net margin — 24.8% vs 10.9%, a 13.9% gap on every dollar of revenue. On growth, TWIN DISC INC posted the faster year-over-year revenue change (0.3% vs -0.1%).

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

Twin Disc, Inc. designs, manufactures, and distributes power transmission equipment for a wide range of applications, including marine, off-road vehicle, and industrial. The company was founded in 1918 to manufacture clutches for farm tractors. It is now a worldwide company with subsidiaries or sales offices in Asia, Europe, North America, Oceania, and South America.

CHR vs TWIN — Head-to-Head

Bigger by revenue
TWIN
TWIN
1.3× larger
TWIN
$90.2M
$71.0M
CHR
Growing faster (revenue YoY)
TWIN
TWIN
+0.4% gap
TWIN
0.3%
-0.1%
CHR
Higher net margin
TWIN
TWIN
13.9% more per $
TWIN
24.8%
10.9%
CHR

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
CHR
CHR
TWIN
TWIN
Revenue
$71.0M
$90.2M
Net Profit
$7.8M
$22.4M
Gross Margin
70.7%
24.8%
Operating Margin
11.7%
2.3%
Net Margin
10.9%
24.8%
Revenue YoY
-0.1%
0.3%
Net Profit YoY
-37.5%
2334.3%
EPS (diluted)
$0.67
$1.55

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CHR
CHR
TWIN
TWIN
Q4 25
$90.2M
Q3 25
$80.0M
Q2 25
$71.0M
$96.7M
Q1 25
$81.2M
Q4 24
$89.9M
Q3 24
$72.9M
Q2 24
$71.1M
$84.4M
Q1 24
$74.2M
Net Profit
CHR
CHR
TWIN
TWIN
Q4 25
$22.4M
Q3 25
$-518.0K
Q2 25
$7.8M
$1.4M
Q1 25
$-1.5M
Q4 24
$919.0K
Q3 24
$-2.8M
Q2 24
$12.4M
$7.4M
Q1 24
$3.8M
Gross Margin
CHR
CHR
TWIN
TWIN
Q4 25
24.8%
Q3 25
28.7%
Q2 25
70.7%
31.0%
Q1 25
26.7%
Q4 24
24.1%
Q3 24
26.5%
Q2 24
73.4%
29.7%
Q1 24
28.2%
Operating Margin
CHR
CHR
TWIN
TWIN
Q4 25
2.3%
Q3 25
2.8%
Q2 25
11.7%
5.5%
Q1 25
2.4%
Q4 24
3.1%
Q3 24
-0.2%
Q2 24
16.4%
5.6%
Q1 24
4.9%
Net Margin
CHR
CHR
TWIN
TWIN
Q4 25
24.8%
Q3 25
-0.6%
Q2 25
10.9%
1.5%
Q1 25
-1.8%
Q4 24
1.0%
Q3 24
-3.8%
Q2 24
17.5%
8.8%
Q1 24
5.2%
EPS (diluted)
CHR
CHR
TWIN
TWIN
Q4 25
$1.55
Q3 25
$-0.04
Q2 25
$0.67
$0.10
Q1 25
$-0.11
Q4 24
$0.07
Q3 24
$-0.20
Q2 24
$1.23
$0.54
Q1 24
$0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHR
CHR
TWIN
TWIN
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$44.5M
Stockholders' EquityBook value
$322.1M
$184.5M
Total Assets
$362.7M
$384.0M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
TWIN
TWIN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$186.1M
Q1 24
Total Debt
CHR
CHR
TWIN
TWIN
Q4 25
$44.5M
Q3 25
$43.7M
Q2 25
$31.4M
Q1 25
$40.8M
Q4 24
$24.9M
Q3 24
$29.8M
Q2 24
$25.8M
Q1 24
$17.0M
Stockholders' Equity
CHR
CHR
TWIN
TWIN
Q4 25
$184.5M
Q3 25
$160.3M
Q2 25
$322.1M
$164.0M
Q1 25
$149.5M
Q4 24
$147.0M
Q3 24
$157.5M
Q2 24
$286.1M
$154.7M
Q1 24
$146.3M
Total Assets
CHR
CHR
TWIN
TWIN
Q4 25
$384.0M
Q3 25
$363.5M
Q2 25
$362.7M
$355.6M
Q1 25
$332.9M
Q4 24
$307.4M
Q3 24
$323.5M
Q2 24
$333.2M
$312.1M
Q1 24
$288.8M
Debt / Equity
CHR
CHR
TWIN
TWIN
Q4 25
0.24×
Q3 25
0.27×
Q2 25
0.19×
Q1 25
0.27×
Q4 24
0.17×
Q3 24
0.19×
Q2 24
0.17×
Q1 24
0.12×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHR
CHR
TWIN
TWIN
Operating Cash FlowLast quarter
$3.9M
$4.6M
Free Cash FlowOCF − Capex
$1.2M
FCF MarginFCF / Revenue
1.4%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
0.51×
0.20×
TTM Free Cash FlowTrailing 4 quarters
$-70.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
TWIN
TWIN
Q4 25
$4.6M
Q3 25
$-7.5M
Q2 25
$3.9M
$16.4M
Q1 25
$3.2M
Q4 24
$8.7M
Q3 24
$-4.3M
Q2 24
$-6.7M
$11.4M
Q1 24
$6.2M
Free Cash Flow
CHR
CHR
TWIN
TWIN
Q4 25
$1.2M
Q3 25
$-11.0M
Q2 25
$8.7M
Q1 25
$906.0K
Q4 24
$5.9M
Q3 24
$-6.7M
Q2 24
$10.3M
Q1 24
$4.0M
FCF Margin
CHR
CHR
TWIN
TWIN
Q4 25
1.4%
Q3 25
-13.7%
Q2 25
9.0%
Q1 25
1.1%
Q4 24
6.5%
Q3 24
-9.2%
Q2 24
12.2%
Q1 24
5.5%
Capex Intensity
CHR
CHR
TWIN
TWIN
Q4 25
3.7%
Q3 25
4.3%
Q2 25
8.0%
Q1 25
2.8%
Q4 24
3.1%
Q3 24
3.2%
Q2 24
1.3%
Q1 24
2.9%
Cash Conversion
CHR
CHR
TWIN
TWIN
Q4 25
0.20×
Q3 25
Q2 25
0.51×
11.55×
Q1 25
Q4 24
9.42×
Q3 24
Q2 24
-0.54×
1.54×
Q1 24
1.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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