The Manitowoc Company, Inc. (MTW) vs Wabash National Corporation (WNC)

The Manitowoc Company, Inc. and Wabash National Corporation are both Farm & Heavy Construction Machinery companies. The Manitowoc Company, Inc. is the larger, with a market value of $772.8M against $477.0M — 1.6× the size. Wabash National Corporation has negative trailing earnings, so its P/E is not meaningful; The Manitowoc Company, Inc. trades at 39.6×. The Manitowoc Company, Inc. grew revenue faster over the last twelve months: 8.86% against −17.3%. The Manitowoc Company, Inc. has the higher net margin (0.87% vs −5.48%) and the higher return on invested capital (4.24% vs −6.81%). Across the 19 metrics below, The Manitowoc Company, Inc. leads on 17 and Wabash National Corporation on 2.

Valuation

Metric MTW WNC Farm & Heavy Construction Machinery median
P/E 39.61 n/m 23.38
P/S 0.34 0.37 0.81
P/B 1.14 1.82 1.43
Price to free cash flow 11.07 89.82 25.31
EV/EBITDA 8.61 n/m 12.13
EV/Sales 0.51 0.69 1.20
Earnings yield 2.52% (14.74%) 2.73%
Free cash flow yield 9.03% 1.11% 3.02%

Profitability

Metric MTW WNC Farm & Heavy Construction Machinery median
Gross margin 18.72% 1.00% 24.21%
Operating margin 3.14% (5.62%) 4.47%
Net margin 0.87% (5.48%) 1.49%
Free cash flow margin 3.11% 0.42% 2.15%
Return on equity 2.92% (22.97%) 4.16%
Return on assets 1.06% (5.96%) 1.45%
Return on invested capital 4.24% (6.81%) 3.36%

Growth

Metric MTW WNC Farm & Heavy Construction Machinery median
Revenue growth (TTM) 8.86% (17.26%) 2.18%
EPS growth (last fiscal year) (87.18%) 179.22% —
Revenue growth, 5-year CAGR 9.20% 0.81% 7.34%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MTW WNC Farm & Heavy Construction Machinery median
Debt to equity 0.67 1.75 0.67
Current ratio 2.11 1.31 1.98
Net debt to EBITDA 3.24 1.12 1.12

Dividend

Metric MTW WNC Farm & Heavy Construction Machinery median
Dividend yield — 1.26% 1.45%
Payout ratio 0.00 0.08 0.08

Size

Metric MTW WNC Farm & Heavy Construction Machinery median
Market cap 772.81m 477.03m 772.81m

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