Monday 9 November 2026
Export MTW’s income statement to Excel — free account
The Manitowoc Company, Inc.
MTWIndustrials Farm & Heavy Construction Machinery
The Manitowoc Company, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 2.89% from fiscal 2024.
- Revenue
- +10.9%
- EPS
- +117.7%
- Free cash flow
- −84.3%
- Total debt
- −4.44%
Quarter to September 2026, against a year earlier
22.41
0.74
+3.41%
Follow MTW
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 1,613 | 1,581 | 1,847 | 1,834 | 1,443 | 1,720 | 2,033 | 2,228 | 2,178 | 2,241 | 2,380 | +3.7% | 2,384 | 2,493 | 2,599 | +5.1% | |
| Gross margin, % | 15.70 | 17.83 | 17.77 | 18.76 | 17.65 | 17.86 | 17.93 | 19.09 | 17.22 | 18.06 | 19.05 | +2.4 pt | ||||||
| EBT | (268) | (39) | (72) | 59 | (2) | 17 | (120) | 44 | 12 | 12 | 43 | n/m | ||||||
| EBT margin, % | (16.62) | (2.50) | (3.88) | 3.22 | (0.14) | 0.99 | (5.91) | 1.98 | 0.54 | 0.55 | 1.82 | +17.2 pt | ||||||
| Net income | (376) | 9 | (67) | 47 | (19) | 11 | (124) | 39 | 56 | 7 | 26 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 46.84 | 45.04 | 52.00 | 51.68 | 41.61 | 49.29 | 57.77 | 63.48 | 61.84 | 63.27 | 65.96 | +3.4% | |||||
| Earnings | (10.92) | 0.26 | (1.89) | 1.31 | (0.55) | 0.32 | (3.51) | 1.12 | 1.58 | 0.20 | 0.72 | n/m | ||||||
| Cash flow | (18.18) | (9.25) | (14.45) | (1.50) | (1.01) | 2.18 | 2.19 | 1.80 | 1.40 | 0.63 | 2.59 | n/m | ||||||
| Capex | (1.09) | (0.62) | (0.53) | (0.50) | (0.74) | (1.15) | (1.71) | (2.05) | (1.16) | (1.40) | (1.09) | +2.8% | ||||||
| Free cash flow | (19.27) | (9.88) | (14.97) | (2.01) | (1.76) | 1.03 | 0.47 | (0.25) | 0.24 | (0.77) | 1.49 | (30.1%) | ||||||
| Book value | 17.14 | 19.30 | 16.93 | 18.20 | 18.55 | 18.98 | 15.29 | 17.19 | 18.17 | 19.63 | 19.76 | +1.5% | ||||||
| Shares, m | 34 | 35 | 36 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 36 | +0.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 165.92 | 0.00 | 13.36 | 0.00 | 59.15 | 0.00 | 14.49 | 5.74 | 59.95 | 30.92 | 31.9 | |||||
| P/S | 0.51 | 0.88 | 0.28 | 0.34 | 0.32 | 0.38 | 0.17 | 0.26 | 0.15 | 0.19 | 0.34 | 0.3 | ||||||
| P/B | 1.38 | 2.06 | 0.87 | 0.96 | 0.72 | 0.98 | 0.63 | 0.94 | 0.50 | 0.61 | 1.13 | 1.0 | ||||||
| EV/Sales | 0.64 | 0.98 | 0.36 | 0.40 | 0.45 | 0.57 | 0.32 | 0.41 | 0.30 | 0.36 | 0.51 | 0.5 | ||||||
| EV/FCF | (1.55) | (4.47) | (1.24) | (10.31) | (10.57) | 27.16 | 39.72 | (103.10) | 79.97 | (29.60) | 22.72 | (1.4) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (626) | (325) | (513) | (53) | (35) | 76 | 77 | 63 | 49 | 22 | 93 | n/m | |||||
| Capex | (37) | (22) | (19) | (18) | (26) | (40) | (60) | (72) | (41) | (49) | (39) | +3.1% | ||||||
| Free cash flow | (664) | (347) | (532) | (71) | (61) | 36 | 17 | (9) | 8 | (27) | 54 | (29.9%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 337 | 337 | 346 | 432 | 430 | 421 | 451 | 470 | 485 | 605 | 653 | +6.7% | |||||
| Net debt | 212 | 152 | 133 | 113 | 182 | 332 | 321 | 338 | 342 | 384 | 414 | +6.8% | ||||||
| Shareholders’ equity | 591 | 678 | 601 | 646 | 644 | 662 | 538 | 603 | 640 | 695 | 713 | +1.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (14.79) | 0.60 | (4.26) | 2.95 | (1.19) | 0.65 | (7.29) | 2.36 | 3.31 | 0.41 | 1.36 | +15.2 pt | |||||
| ROIC | (11.14) | 0.63 | (1.64) | 8.93 | 2.92 | 2.92 | (6.77) | 6.14 | 3.30 | 3.12 | 4.78 | +14.3 pt | ||||||
| ROE | (52.46) | 1.48 | (10.49) | 7.47 | (2.96) | 1.68 | (20.60) | 6.87 | 8.98 | 1.08 | 3.75 | +53.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 4,900 | 4,900 | 5,000 | 4,900 | 4,200 | 4,600 | 4,800 | 4,800 | 4,800 | 4,700 | — | (0.5%) | |||||
| Revenue/emp, $m | 0.33 | 0.32 | 0.37 | 0.37 | 0.34 | 0.37 | 0.42 | 0.46 | 0.45 | 0.48 | — | +4.2% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
The Manitowoc Company, Inc. vs peers in Farm & Heavy Construction Machinery (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BLBD Blue Bird Corporation | $1.8B | 6.9× | 6.7× | +29.94% (above 0%: growing) | +366.38% (above 0%: growing) | −58.60% (below 0%: shrinking) | 19.99% | 12.12% | Compare |
| ALG Alamo Group, Inc. | $1.6B | 20.7× | 18.2× | −4.02% (below 0%: shrinking) | −92.01% (below 0%: shrinking) | +24.63% (above 0%: growing) | 18.88% | 0.85% | Compare |
| LNN Lindsay Corporation | $1.1B | 19.9× | 21.1× | +5.21% (above 0%: growing) | +11.00% (above 0%: growing) | −20.40% (below 0%: shrinking) | 26.92% | 9.77% | Compare |
| AEBI Aebi Schmidt Holding AG | $866.8M | 35.4× | 16.5× | +78.73% (above 0%: growing) | n/m | +19.42% (above 0%: growing) | 19.60% | 5.45% | Compare |
| ASTE Astec Industries, Inc. | $822.9M | 70.5× | 20.3× | +0.66% (above 0%: growing) | n/m | +187.80% (above 0%: growing) | 23.35% | (0.94%) | Compare |
| MTW The Manitowoc Company, Inc. | $809.2M | 30.9× | 23.1× | +10.91% (above 0%: growing) | +117.71% (above 0%: growing) | −84.33% (below 0%: shrinking) | 19.84% | 5.18% | |
| CMCO Columbus McKinnon Corporation | $509.7M | — (loss-making) | — (loss-making) | +106.59% (above 0%: growing) | n/m | −201.82% (below 0%: shrinking) | 34.84% | 6.50% | Compare |
| HY Hyster-Yale, Inc. | $509.4M | — (loss-making) | — (loss-making) | −15.49% (below 0%: shrinking) | n/m | −42.79% (below 0%: shrinking) | 15.00% | (1.10%) | Compare |
| WNC Wabash National Corporation | $444.5M | — (loss-making) | — (loss-making) | +24.85% (above 0%: growing) | n/m | −128.61% (below 0%: shrinking) | 3.12% | (4.20%) | Compare |
| Median of peers | $844.9M | 20.7× | 18.2× | +15.03% | +11.00% | −31.59% | 19.80% | 3.15% |