TWIN vs. RAIL

Last updated Jun 3, 2026

TWIN (Twin Disc, Incorporated) and RAIL (FreightCar America, Inc.) are both stocks. Both are in the Industrials sector — TWIN in Specialty Industrial Machinery, RAIL in Railroads. Over the past 10 years, TWIN returned 6.44%/yr vs -5.97%/yr for RAIL. At a 0.28 correlation, their price movements are largely independent.

Performance

TWIN vs. RAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Twin Disc, Incorporated (TWIN) and FreightCar America, Inc. (RAIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TWIN achieves a 5.99% return, which is significantly higher than RAIL's -31.62% return. Over the past 10 years, TWIN has outperformed RAIL with an annualized return of 6.44%, while RAIL has yielded a comparatively lower -5.97% annualized return.

TWIN

• 1D: 4.20%
• 1M: 12.29%
• YTD: 5.99%
• 6M: 16.01%
• 1Y: 137.79%
• 3Y*: 17.49%
• 5Y*: 4.37%
• 10Y*: 6.44%

RAIL

• 1D: -0.92%
• 1M: -8.80%
• YTD: -31.62%
• 6M: -7.80%
• 1Y: -2.20%
• 3Y*: 38.01%
• 5Y*: 1.99%
• 10Y*: -5.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TWIN vs. RAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWIN Twin Disc, Incorporated	5.99%	44.37%	-26.42%	66.71%	-11.31%	39.62%	-28.77%	-25.29%	-44.49%	81.99%
RAIL FreightCar America, Inc.	-31.62%	23.55%	231.85%	-15.63%	-13.28%	53.11%	16.43%	-69.06%	-60.83%	16.26%

Correlation

The correlation between TWIN and RAIL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Apr 7, 2005	0.28

The correlation between TWIN and RAIL shifts across timeframes, from 0.16 (3 years) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TWIN : $253.72M RAIL : $268.92M
EPS TWIN : $1.88 RAIL : $0.88
PE Ratio TWIN : 9.38 RAIL : 8.57
PS Ratio TWIN : 0.69 RAIL : 0.54
Total Revenue (TTM) TWIN : $363.55M RAIL : $469.01M
Gross Profit (TTM) TWIN : $102.45M RAIL : $69.61M
EBITDA (TTM) TWIN : $22.57M RAIL : -$1.50M

Return for Risk

TWIN vs. RAIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TWIN

TWIN Risk / Return Rank: 91
TWIN Sharpe Ratio Rank: 90
TWIN Sortino Ratio Rank: 89
TWIN Omega Ratio Rank: 88
TWIN Calmar Ratio Rank: 93
TWIN Martin Ratio Rank: 93

RAIL

RAIL Risk / Return Rank: 38
RAIL Sharpe Ratio Rank: 38
RAIL Sortino Ratio Rank: 39
RAIL Omega Ratio Rank: 38
RAIL Calmar Ratio Rank: 38
RAIL Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TWIN vs. RAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Twin Disc, Incorporated (TWIN) and FreightCar America, Inc. (RAIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TWIN	RAIL	Difference
Sharpe ratio Return per unit of total volatility	2.33	-0.04	+2.36
Sortino ratio Return per unit of downside risk	3.20	0.42	+2.78
Omega ratio Gain probability vs. loss probability	1.40	1.05	+0.35
Calmar ratio Return relative to maximum drawdown	6.28	-0.09	+6.37
Martin ratio Return relative to average drawdown	16.02	-0.16	+16.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TWIN vs. RAIL - Sharpe Ratio Comparison

The current TWIN Sharpe Ratio is 2.33, which is higher than the RAIL Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of TWIN and RAIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TWIN	RAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	-0.04	+2.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.03	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	-0.08	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	-0.07	+0.19

Drawdowns

TWIN vs. RAIL - Drawdown Comparison

The maximum TWIN drawdown since its inception was -89.97%, smaller than the maximum RAIL drawdown of -98.88%. Use the drawdown chart below to compare losses from any high point for TWIN and RAIL.

Drawdown Indicators

	TWIN	RAIL	Difference
Max Drawdown Largest peak-to-trough decline	-89.97%	-98.88%	+8.91%
Max Drawdown (1Y) Largest decline over 1 year	-23.20%	-48.99%	+25.79%
Max Drawdown (3Y) Largest decline over 3 years	-64.40%	-71.67%	+7.27%
Max Drawdown (5Y) Largest decline over 5 years	-64.53%	-71.67%	+7.14%
Max Drawdown (10Y) Largest decline over 10 years	-84.84%	-96.23%	+11.39%
Current Drawdown Current decline from peak	-56.23%	-88.87%	+32.64%
Average Drawdown Average peak-to-trough decline	-43.05%	-71.85%	+28.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.09%	27.19%	-18.10%

Volatility

TWIN vs. RAIL - Volatility Comparison

Twin Disc, Incorporated (TWIN) has a higher volatility of 21.14% compared to FreightCar America, Inc. (RAIL) at 12.90%. This indicates that TWIN's price experiences larger fluctuations and is considered to be riskier than RAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWIN	RAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.14%	12.90%	+8.24%
Volatility (6M) Calculated over the trailing 6-month period	41.17%	45.71%	-4.54%
Volatility (1Y) Calculated over the trailing 1-year period	59.65%	62.91%	-3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.10%	69.27%	-15.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.78%	73.69%	-15.91%

Dividends

TWIN vs. RAIL - Dividend Comparison

TWIN's dividend yield for the trailing twelve months is around 0.91%, while RAIL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RAIL FreightCar America, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.58%	2.41%	1.85%
TWIN Twin Disc, Incorporated	0.91%	0.96%	1.36%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.42%

Financials

TWIN vs. RAIL - Profitability Comparison

The chart below illustrates the profitability comparison between Twin Disc, Incorporated and FreightCar America, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TWIN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Twin Disc, Incorporated reported a gross profit of 27.13M and revenue of 96.69M. Therefore, the gross margin over that period was 28.1%.

RAIL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, FreightCar America, Inc. reported a gross profit of 10.81M and revenue of 64.31M. Therefore, the gross margin over that period was 16.8%.

TWIN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Twin Disc, Incorporated reported an operating income of 5.82M and revenue of 96.69M, resulting in an operating margin of 6.0%.

RAIL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, FreightCar America, Inc. reported an operating income of -594.00K and revenue of 64.31M, resulting in an operating margin of -0.9%.

TWIN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Twin Disc, Incorporated reported a net income of 3.33M and revenue of 96.69M, resulting in a net margin of 3.4%.

RAIL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, FreightCar America, Inc. reported a net income of 41.65M and revenue of 64.31M, resulting in a net margin of 64.8%.

Frequently Asked Questions

Can I hold both TWIN and RAIL in my portfolio?

TWIN and RAIL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TWIN or RAIL?

TWIN has higher volatility (21.14%) compared to RAIL (12.90%). In terms of maximum drawdown, TWIN dropped -89.97% vs RAIL's -98.88%.

Which has better risk-adjusted returns?

TWIN currently has the higher Sharpe Ratio (2.33 vs -0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.