Columbus McKinnon Corporation (CMCO) vs The Manitowoc Company, Inc. (MTW)

Columbus McKinnon Corporation and The Manitowoc Company, Inc. are both Farm & Heavy Construction Machinery companies. The Manitowoc Company, Inc. is the larger, with a market value of $781.5M against $478.2M — 1.6× the size. Columbus McKinnon Corporation has negative trailing earnings, so its P/E is not meaningful; The Manitowoc Company, Inc. trades at 30.0×. Columbus McKinnon Corporation grew revenue faster over the last twelve months: 80.7% against 10.2%. The Manitowoc Company, Inc. has the higher net margin (1.10% vs −16.8%) and the higher return on invested capital (4.78% vs −2.06%). Across the 19 metrics below, The Manitowoc Company, Inc. leads on 12 and Columbus McKinnon Corporation on 7.

Valuation

Metric CMCO MTW Farm & Heavy Construction Machinery median
P/E n/m 30.00 21.67
P/S 0.27 0.33 0.77
P/B 0.93 1.09 1.31
Price to free cash flow n/m 14.49 20.59
EV/EBITDA 62.70 8.76 11.30
EV/Sales 1.58 0.50 1.11
Earnings yield (72.05%) 3.33% 3.08%
Free cash flow yield (31.09%) 6.90% 3.12%

Profitability

Metric CMCO MTW Farm & Heavy Construction Machinery median
Gross margin 29.78% 19.05% 22.91%
Operating margin (6.77%) 3.62% 4.47%
Net margin (16.75%) 1.10% 1.41%
Free cash flow margin (8.48%) 2.26% 2.26%
Return on equity (41.28%) 3.75% 3.99%
Return on assets (9.18%) 1.36% 1.31%
Return on invested capital (2.06%) 4.78% 4.09%

Growth

Metric CMCO MTW Farm & Heavy Construction Machinery median
Revenue growth (TTM) 80.70% 10.21% 1.81%
EPS growth (last fiscal year) (4,252.94%) (87.18%) (27.79%)
Revenue growth, 5-year CAGR 12.93% 9.20% 6.63%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CMCO MTW Farm & Heavy Construction Machinery median
Debt to equity 1.80 0.67 0.66
Current ratio 2.14 2.11 1.98
Net debt to EBITDA (59.27) 3.24 1.12

Dividend

Metric CMCO MTW Farm & Heavy Construction Machinery median
Dividend yield 2.10% — 1.24%
Payout ratio — — 0.31

Size

Metric CMCO MTW Farm & Heavy Construction Machinery median
Market cap 478.15m 781.47m 836.63m

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