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 $772.8M against $462.7M — 1.7× the size. Columbus McKinnon Corporation has negative trailing earnings, so its P/E is not meaningful; The Manitowoc Company, Inc. trades at 39.6×. Columbus McKinnon Corporation grew revenue faster over the last twelve months: 55.2% against 8.86%. The Manitowoc Company, Inc. has the higher net margin (0.87% vs −18.1%) and the higher return on invested capital (4.24% vs −2.44%). Across the 18 metrics below, The Manitowoc Company, Inc. leads on 12 and Columbus McKinnon Corporation on 6.

Valuation

Metric CMCO MTW Farm & Heavy Construction Machinery median
P/E n/m 39.61 23.38
P/S 0.33 0.34 0.81
P/B 0.86 1.14 1.43
Price to free cash flow n/m 11.07 25.31
EV/EBITDA n/m 8.61 12.13
EV/Sales 1.86 0.51 1.20
Earnings yield (65.33%) 2.52% 2.73%
Free cash flow yield (24.66%) 9.03% 3.02%

Profitability

Metric CMCO MTW Farm & Heavy Construction Machinery median
Gross margin 28.78% 18.72% 24.21%
Operating margin (9.57%) 3.14% 4.47%
Net margin (18.10%) 0.87% 1.49%
Free cash flow margin (8.03%) 3.11% 2.15%
Return on equity (36.58%) 2.92% 4.16%
Return on assets (8.35%) 1.06% 1.45%
Return on invested capital (2.44%) 4.24% 3.36%

Growth

Metric CMCO MTW Farm & Heavy Construction Machinery median
Revenue growth (TTM) 55.23% 8.86% 2.18%
EPS growth (last fiscal year) (4,252.94%) (87.18%) —
Revenue growth, 5-year CAGR 12.93% 9.20% 7.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CMCO MTW Farm & Heavy Construction Machinery median
Debt to equity 1.74 0.67 0.67
Current ratio 2.00 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 0.84% — 1.45%
Payout ratio 0.16 0.00 0.08

Size

Metric CMCO MTW Farm & Heavy Construction Machinery median
Market cap 462.69m 772.81m 772.81m

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