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The Manitowoc Company, Inc.

MTW Industrials 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. In the quarter to June 2026, revenue grew 10.3%, EPS grew 875.0%, free cash flow grew 94.0% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years.

21.51 0.92 −4.10%
Market cap
$808.9M
P/E
38.4×
Fwd P/E
31.2×
Dividend yield
—
F-score
5/9
Altman Z
2.12
Beneish M
−2.49
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.11
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — 1 — — — — —
Insider Ownership 9.48%

Capital & Financial Ratios $m

Market Cap 808.87
Revenue 2,320.00
Net Income 20.20
Free Cash Flow 72.10
Net Debt 373.70
Current Ratio 2.11 (at or above 1.5: strong)
Debt/Equity 0.67
P/E ratio 38.41 (above 35: high)
Fwd P/E 31.20
P/S ratio 0.33
P/B ratio 1.10
Past 5Y EPS Growth —
This Y EPS Growth 186.56% (at or above 15%: strong)
Next Y EPS Growth (0.01%) (below 0%: weak)
Next Y revenue growth 3.44%
Next 5Y EPS Growth 30.95% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.4×; over the ten years it ranged from 0.3× in 2020 to 1.1× in 2017.
P/E against its own 10 years 66.82%
10-year low 10-year high
P/S against its own 10 years 63.18%
10-year low 10-year high
P/B against its own 10 years 73.20%
10-year low 10-year high
EV/Sales against its own 10 years 64.95%
10-year low 10-year high
EV/FCF against its own 10 years 38.70%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 34 48 77 96
Receivables 279 260 281 294
Inventory 667 609 684 785
Other 53 41 54 42
1,033 959 1,097 1,217
2023 2024 2025 Q'26
Payables 457 389 402 496
ST’ Debt 13 13 14 9
Other 93 72 76 72
563 474 492 577

Compound Annual Growth %

10y 5y 3y
Sales 1.85% 9.20% 3.31%
Cash Flow (14.04%) 0.00% (33.91%)
Earnings (19.81%) 0.00% 0.00%
Book Value (1.90%) 1.56% 8.93%

Revenue $m

Mar Jun Sep Dec Year
’26 495 595 — — —
’25 471 540 553 677 2,241
’24 495 562 525 596 2,178
’23 508 603 521 596 2,228
’22 459 497 455 622 2,033
’21 354 464 405 498 1,720
’20 329 328 356 430 1,443
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 27 8 — — —
’25 13 (68) (14) 91 22
’24 (31) 11 (44) 112 49
’23 15 (18) 26 40 63
’22 6 0 (6) 77 77
’21 41 9 18 8 76
’20 (79) (20) 28 36 (35)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 20 (4) — — —
’25 (11) (74) (22) 79 (27)
’24 (43) 1 (51) 101 8
’23 7 (41) 3 23 (9)
’22 (3) (7) (21) 47 17
’21 33 2 12 (10) 36
’20 (82) (24) 21 25 (61)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.17) 0.39 — — —
’25 (0.18) 0.04 0.14 0.19 0.20
’24 0.12 0.04 (0.20) 1.59 1.56
’23 0.46 0.57 0.29 (0.23) 1.09
’22 0.09 0.42 0.07 (4.10) (3.51)
’21 (0.09) 0.50 (0.01) (0.10) 0.31
’20 (0.22) (0.37) (0.01) 0.05 (0.55)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 10.63 21.00 13.22 10.49 7.24 12.61 7.53 9.06 8.50 7.06

Analyst estimates 2026–2028

Powerpack
High 25.20 42.12 44.03 19.77 17.78 28.33 20.08 20.20 17.65 13.62
People
People Employees 4,900 4,900 5,000 4,900 4,200 4,600 4,800 4,800 4,800 4,700
Revenue/emp, $m 0.33 0.32 0.37 0.37 0.34 0.37 0.42 0.46 0.45 0.48
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
Gross margin, % 15.70 17.83 17.77 18.76 17.65 17.86 17.93 19.09 17.22 18.06
EBT (268) (39) (72) 59 (2) 17 (120) 44 12 12
EBT margin, % (16.62) (2.50) (3.88) 3.22 (0.14) 0.99 (5.91) 1.98 0.54 0.55
Net income (376) 9 (67) 47 (19) 11 (124) 39 56 7
Depreciation 51 41 38 37 39 48 65 61 64 65
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
Earnings (10.92) 0.26 (1.89) 1.31 (0.55) 0.32 (3.51) 1.12 1.58 0.20
Cash flow (18.18) (9.25) (14.45) (1.50) (1.01) 2.18 2.19 1.80 1.40 0.63
Capex (1.09) (0.62) (0.53) (0.50) (0.74) (1.15) (1.71) (2.05) (1.16) (1.40)
Free cash flow (19.27) (9.88) (14.97) (2.01) (1.76) 1.03 0.47 (0.25) 0.24 (0.77)
Book value 17.14 19.30 16.93 18.20 18.55 18.98 15.29 17.19 18.17 19.63
Shares, m 34 35 36 35 35 35 35 35 35 35
Valuation, ×
Valuation, × P/E 0.00 165.92 0.00 13.36 0.00 59.15 0.00 14.49 5.74 59.95
P/S 0.51 0.88 0.28 0.34 0.32 0.38 0.17 0.26 0.15 0.19
P/B 1.38 2.06 0.87 0.96 0.72 0.98 0.63 0.94 0.50 0.61
EV/Sales 0.64 0.98 0.36 0.40 0.45 0.57 0.32 0.41 0.30 0.36
EV/FCF (1.55) (4.47) (1.24) (10.31) (10.57) 27.16 39.72 (103.10) 79.97 (29.60)
Cash, $m
Cash, $m Operating cash flow (626) (325) (513) (53) (35) 76 77 63 49 22
Capex (37) (22) (19) (18) (26) (40) (60) (72) (41) (49)
Free cash flow (664) (347) (532) (71) (61) 36 17 (9) 8 (27)
Balance, $m
Balance, $m Working capital 337 337 346 432 430 421 451 470 485 605
Total debt 282 275 273 312 311 407 386 372 390 461
Net debt 212 152 133 113 182 332 321 338 342 384
Shareholders’ equity 591 678 601 646 644 662 538 603 640 695
Returns, %
Returns, % ROA (14.79) 0.60 (4.26) 2.95 (1.19) 0.65 (7.29) 2.36 3.31 0.41
ROIC (11.14) 0.63 (1.64) 8.93 2.92 2.92 (6.77) 6.14 3.30 3.12
ROE (52.46) 1.48 (10.49) 7.47 (2.96) 1.68 (20.60) 6.87 8.98 1.08
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 6.8× 14.9× +29.94% (above 0%: growing) +366.38% (above 0%: growing) −58.60% (below 0%: shrinking) 19.99% 12.12% Compare
LNN Lindsay Corporation $1.1B 20.5× 22.2× −5.13% (below 0%: shrinking) −14.44% (below 0%: shrinking) −105.43% (below 0%: shrinking) 29.75% 11.52% Compare
ASTE Astec Industries, Inc. $896.2M 44.4× 21.3× +23.55% (above 0%: growing) −36.99% (below 0%: shrinking) −44.57% (below 0%: shrinking) 26.17% 5.00% Compare
AEBI Aebi Schmidt Holding AG $870.7M 35.2× 16.6× +78.73% (above 0%: growing) n/m +19.42% (above 0%: growing) 19.60% 5.45% Compare
MTW The Manitowoc Company, Inc. $808.9M 38.4× 31.2× +10.27% (above 0%: growing) +875.00% (above 0%: growing) +94.02% (above 0%: growing) 20.69% 5.23%
HY Hyster-Yale, Inc. $539.7M — (loss-making) — (loss-making) −15.02% (below 0%: shrinking) n/m −84.57% (below 0%: shrinking) 15.70% (2.26%) Compare
WNC Wabash National Corporation $522.3M — (loss-making) — (loss-making) −9.06% (below 0%: shrinking) n/m +174.99% (above 0%: growing) 3.67% (6.06%) Compare
TWI Titan International, Inc. $435.7M — (loss-making) — (loss-making) +5.19% (above 0%: growing) n/m +535.23% (above 0%: growing) 15.46% 2.75% Compare
CMCO Columbus McKinnon Corporation $433.3M — (loss-making) — (loss-making) +125.27% (above 0%: growing) n/m +193.45% (above 0%: growing) 27.52% (3.33%) Compare
Median of peers $705.2M 27.8× 19.0× +14.37% −14.44% −12.57% 19.80% 3.88%

All 27 Farm & Heavy Construction Machinery stocks →

The Manitowoc Company, Inc. (MTW) key facts

  • Strength: The Manitowoc Company, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 2.89% from fiscal 2024.
  • The Manitowoc Company, Inc. (MTW) is a Farm & Heavy Construction Machinery company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, MTW traded at $21.51, a market capitalization of $808.9 million.
  • Return on equity was 1.08% and debt-to-equity 0.67.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.12 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

The Manitowoc Company, Inc. (MTW) Latest News

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stockrow.com/MTW · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com