Logo

MTW

The Manitowoc Company, Inc.

MTW

The Manitowoc Company, Inc. • NYSE
$11.28 ▼ -0.35% (-0.04)
Market Cap $400.11 M
52w High $13.62
52w Low $7.06
Dividend Yield 0%
P/E 7.05
Volume 61.29K
Outstanding Shares 35.47M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $553.4M ▲ $83.4M ▼ $5M ▲ 0.904% ▲ $0.14 ▲ $33.3M ▲
Q2-2025 $539.5M ▲ $89.2M ▲ $1.5M ▲ 0.278% ▲ $0.042 ▲ $26M ▲
Q1-2025 $470.9M ▼ $84.5M ▲ $-6.3M ▼ -1.338% ▼ $-0.18 ▼ $15.5M ▼
Q4-2024 $596M ▲ $79M ▼ $56.7M ▲ 9.513% ▲ $1.61 ▲ $35.8M ▲
Q3-2024 $524.8M $80.1M $-7M -1.334% $-0.2 $17.9M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $39.7M ▲ $1.901B ▲ $1.218B ▲ $682.7M ▲
Q2-2025 $32.9M ▼ $1.884B ▲ $1.202B ▲ $681.3M ▲
Q1-2025 $41.4M ▼ $1.764B ▲ $1.112B ▲ $651.6M ▲
Q4-2024 $48M ▲ $1.66B ▼ $1.02B ▼ $640.1M ▲
Q3-2024 $22.9M $1.777B $1.169B $607.6M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $5M ▲ $-14.1M ▲ $-7.6M ▼ $28.9M ▼ $6.8M ▲ $-22M ▲
Q2-2025 $1.5M ▲ $-67.7M ▼ $-5.9M ▲ $63.8M ▲ $-8.5M ▼ $-73.7M ▼
Q1-2025 $-6.3M ▼ $12.9M ▼ $-23.6M ▼ $3.2M ▲ $-6.6M ▼ $2.1M ▼
Q4-2024 $56.7M ▲ $112.4M ▲ $-11.3M ▼ $-74.3M ▼ $25.1M ▲ $101.1M ▲
Q3-2024 $-7M $-43.6M $-7.5M $35.3M $-15.2M $-52.9M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Non New Machine Sales
Non New Machine Sales
 $310.00M ▲$160.00M ▼$160.00M ▲$180.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has risen meaningfully from the pandemic lows and then leveled off, with a slight step back in the most recent year. Profitability has been very up and down: the company swung from losses a few years ago to modest profits more recently, with the latest year being its strongest of the period. That said, margins remain thin, so earnings are quite sensitive to changes in demand, pricing, and costs. Overall, the trend over the last three years is one of recovery and gradual improvement, but with a clear history of volatility.

Balance Sheet

Balance Sheet The balance sheet looks relatively steady in size, without big swings in total assets. Debt has crept up versus earlier years and now sits at a moderate level and has been fairly stable recently. Equity has been rebuilt after the loss-making period, which is a positive sign. Cash on hand, however, has declined compared with earlier years, suggesting a smaller cushion against shocks. In short, the company is not overextended, but it also does not have an especially large financial safety net.

Cash Flow

Cash Flow Operating cash flow has been consistently positive in recent years, which confirms that the core business is generating real cash, not just accounting profits. Free cash flow, however, is slim and occasionally dips negative, largely because the company continues to invest in its facilities and equipment. This pattern indicates a business that can generally fund its needs from operations, but with limited extra cash left over and some dependence on careful working capital and capital spending management.

Competitive Edge

Competitive Edge Manitowoc operates in a cyclical, capital-goods segment where customers are sensitive to economic conditions and where large global manufacturers set a tough competitive bar. The company has managed to grow sales from the pandemic trough and maintain positive operating results, which suggests it retains a viable niche and customer base. At the same time, the persistently thin margins imply limited pricing power and ongoing pressure from competitors and costs. Its size relative to industry giants likely means it must compete through specialization, service quality, and operational efficiency rather than scale alone.

Innovation and R&D

Innovation and R&D There is little explicit disclosure here on research and development, but the pattern of steady capital investment points to ongoing spending on production capabilities and product upgrades. Given the company’s tight margins, it likely focuses on incremental improvements—such as equipment reliability, safety features, and efficiency—rather than very large, high-risk innovation bets. This approach can be prudent in a cyclical industry but carries the risk of falling behind more aggressive innovators if underinvestment persists over time.

Summary

Manitowoc looks like a cyclical industrial manufacturer that has worked its way out of a difficult period into a phase of modest, but improved, profitability. Sales have recovered from earlier lows and then flattened, earnings have moved from losses to positive territory, and the balance sheet is reasonable though not especially cushioned. Cash generation is adequate but not abundant, with ongoing investment absorbing much of the surplus. The main themes are recovery, thin but improving profitability, and reliance on continued demand in a competitive, economically sensitive market. The key uncertainties revolve around how well the company can defend margins, manage cash, and keep its product offering attractive through future cycles.

NEWS

November 17, 2025 · 4:02 PM UTC

Manitowoc Recognized Again as One of 2025 “Best for Vets” Employers by Military Times

Read more

November 13, 2025 · 9:02 AM UTC

European Mobile Crane Industry Launches Trade Complaint Against Unfair Imports of Chinese Mobile Cranes

Read more

November 10, 2025 · 4:02 PM UTC

The Manitowoc Company to Present and Host 1x1 Investor Meetings at the Southwest IDEAS Conference on Wednesday, November 19, 2025

Read more

November 5, 2025 · 5:07 PM UTC

The Manitowoc Company Reports Third-Quarter 2025 Financial Results

Read more

October 22, 2025 · 4:02 PM UTC

The Manitowoc Company Schedules Third-quarter 2025 Earnings Announcement and Conference Call

Read more