NYSE : MTW
The Manitowoc Company, Inc. — Financial statements
Industrials · Farm & Heavy Construction Machinery · United States
Last price 23.03 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 830.51M
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Financial statements
The Manitowoc Company, Inc. (MTW) reported revenue of 2.32B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.32B | 2.24B | 2.18B | 2.23B | 2.03B | 1.72B |
| Cost of Revenue | 1.89B | 1.84B | 1.80B | 1.80B | 1.67B | 1.41B |
| Gross Profit | 434.30M | 404.70M | 375.00M | 425.20M | 364.50M | 307.20M |
| Selling, General & Admin | 352.60M | 345.10M | 309.50M | 334.30M | 281.20M | 258.30M |
| Amortization of Goodwill & Intangibles | 3.10M | 3.10M | 2.90M | 3.20M | 3.10M | 1.40M |
| Operating Expenses | 355.70M | 348.20M | 312.40M | 337.50M | 284.30M | 259.70M |
| Operating Income | 78.60M | 56.50M | 62.60M | 87.70M | 80.20M | 47.50M |
| Interest Expense | -39.40M | -39.20M | -39.70M | -35.20M | -33.00M | -30.40M |
| Interest & Investment Income | 3.60M | 800.00K | 700.00K | |||
| Currency Exchange Gain (Loss) | -4.60M | -800.00K | 2.60M | |||
| Other Non Operating Income (Expenses) | 100.00K | 300.00K | -7.00M | 6.00M | 800.00K | |
| EBT Excluding Unusual Items | 38.30M | 17.30M | 26.50M | 45.50M | 53.20M | 17.90M |
| Merger & Restructuring Charges | -4.70M | -4.90M | -4.60M | -1.30M | -1.50M | 1.10M |
| Gain (Loss) on Sale of Assets | 600.00K | |||||
| Asset Writedown | -171.90M | -1.90M | ||||
| Legal Settlements | -1.90M | -8.90M | ||||
| Other Unusual Items | -300.00K | -1.30M | ||||
| Pretax Income | 32.00M | 12.40M | 11.70M | 44.20M | -120.20M | 17.10M |
| Income Tax Expense | 11.80M | 5.20M | -44.10M | 5.00M | 3.40M | 6.10M |
| Earnings From Continuing Operations | 20.20M | 7.20M | 55.80M | 39.20M | -123.60M | 11.00M |
| Net Income | 20.20M | 7.20M | 55.80M | 39.20M | -123.60M | 11.00M |
| Net Income to Common | 20.20M | 7.20M | 55.80M | 39.20M | -123.60M | 11.00M |
| Shares Outstanding (Basic) | 35.65M | 35.42M | 35.22M | 35.09M | 35.18M | 34.90M |
| Shares Outstanding (Diluted) | 36.72M | 36.09M | 35.71M | 35.96M | 35.18M | 35.45M |
| EPS (Basic) | 0.57 | 0.20 | 1.58 | 1.12 | -3.51 | 0.32 |
| EPS (Diluted) | 0.55 | 0.20 | 1.56 | 1.09 | -3.51 | 0.31 |
| Free Cash Flow | 69.40M | -28.20M | 3.50M | -14.40M | 15.10M | 35.80M |
| Free Cash Flow Per Share | 1.89 | -0.78 | 0.10 | -0.40 | 0.43 | 1.01 |
| Gross Margin | 18.72% | 18.06% | 17.22% | 19.09% | 17.93% | 17.86% |
| Operating Margin | 3.39% | 2.52% | 2.87% | 3.94% | 3.95% | 2.76% |
| Profit Margin | 0.87% | 0.32% | 2.56% | 1.76% | -6.08% | 0.64% |
| Free Cash Flow Margin | 2.99% | -1.26% | 0.16% | -0.65% | 0.74% | 2.08% |
| EBITDA | 140.40M | 119.50M | 125.50M | 147.50M | 143.90M | 94.40M |
| EBITDA Margin | 6.05% | 5.33% | 5.76% | 6.62% | 7.08% | 5.49% |
| D&A For EBITDA | 61.80M | 63.00M | 62.90M | 59.80M | 63.70M | 46.90M |
| EBIT | 78.60M | 56.50M | 62.60M | 87.70M | 80.20M | 47.50M |
| EBIT Margin | 3.39% | 2.52% | 2.87% | 3.94% | 3.95% | 2.76% |
| Effective Tax Rate | 36.88% | 41.94% | 11.31% | 35.67% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 95.80M | 77.30M | 48.00M | 34.40M | 64.40M | 75.40M |
| Cash & Short-Term Investments | 95.80M | 77.30M | 48.00M | 34.40M | 64.40M | 75.40M |
| Accounts Receivable | 306.90M | 293.00M | 269.10M | 278.80M | 266.30M | 236.10M |
| Receivables | 306.90M | 293.00M | 269.10M | 278.80M | 276.90M | 252.80M |
| Inventory | 785.30M | 683.90M | 609.40M | 666.50M | 611.90M | 576.80M |
| Other Current Assets | 29.40M | 42.40M | 32.40M | 53.30M | 45.30M | 36.80M |
| Total Current Assets | 1.22B | 1.10B | 958.90M | 1.03B | 998.50M | 941.80M |
| Property, Plant & Equipment | 394.10M | 411.00M | 405.50M | 425.80M | 380.50M | 399.40M |
| Goodwill | 80.60M | 79.60M | 77.80M | 79.60M | 80.10M | 249.70M |
| Other Intangible Assets | 121.50M | 125.10M | 118.50M | 125.60M | 126.70M | 139.60M |
| Long-Term Deferred Tax Assets | 24.40M | 13.70M | 23.90M | |||
| Other Long-Term Assets | 107.90M | 105.90M | 99.30M | 18.30M | 14.00M | 15.60M |
| Total Assets | 1.92B | 1.82B | 1.66B | 1.71B | 1.62B | 1.78B |
| Accounts Payable | 323.60M | 242.30M | 205.50M | 254.70M | 274.60M | 238.80M |
| Accrued Expenses | 172.40M | 159.30M | 183.90M | 202.70M | 171.80M | 174.60M |
| Current Portion of Long-Term Debt | 8.90M | 13.70M | 13.10M | 13.40M | 6.10M | 7.30M |
| Current Portion of Leases | 19.60M | 15.30M | 12.90M | 13.00M | 11.60M | 12.30M |
| Current Unearned Revenue | 17.00M | 18.30M | 18.00M | 19.20M | 21.90M | 28.70M |
| Other Current Liabilities | 35.80M | 42.70M | 40.90M | 60.30M | 61.80M | 59.30M |
| Total Current Liabilities | 577.30M | 491.60M | 474.30M | 563.30M | 547.80M | 521.00M |
| Long-Term Debt | 460.60M | 447.10M | 377.10M | 358.70M | 379.50M | 399.90M |
| Long-Term Leases | 48.90M | 53.60M | 47.00M | 47.20M | 34.30M | 29.20M |
| Long-Term Unearned Revenue | 22.00M | 18.80M | 17.50M | 24.10M | 15.60M | 22.90M |
| Pension & Post-Retirement Benefits | 45.50M | 48.40M | 51.80M | 61.40M | 59.90M | 81.50M |
| Long-Term Deferred Tax Liabilities | 2.90M | 2.30M | 2.10M | 7.50M | 4.90M | 6.50M |
| Other Long-Term Liabilities | 63.20M | 61.20M | 50.10M | 41.20M | 35.70M | 51.80M |
| Total Liabilities | 1.22B | 1.12B | 1.02B | 1.10B | 1.08B | 1.11B |
| Common Stock | 400.00K | 400.00K | 400.00K | 400.00K | 400.00K | 400.00K |
| Additional Paid-In Capital | 610.40M | 616.70M | 615.10M | 613.10M | 606.70M | 602.40M |
| Retained Earnings | 214.70M | 206.50M | 199.30M | 143.50M | 104.30M | 227.90M |
| Treasury Stock | -56.10M | -63.10M | -67.10M | -67.30M | -65.70M | -65.90M |
| Comprehensive Income & Other | -68.30M | -65.30M | -107.60M | -86.40M | -107.90M | -102.40M |
| Shareholders' Equity | 701.10M | 695.20M | 640.10M | 603.30M | 537.80M | 662.40M |
| Total Liabilities & Equity | 1.92B | 1.82B | 1.66B | 1.71B | 1.62B | 1.78B |
| Total Debt | 538.00M | 529.70M | 450.10M | 432.30M | 431.50M | 448.70M |
| Net Cash (Debt) | -442.20M | -452.40M | -402.10M | -397.90M | -367.10M | -373.30M |
| Net Cash Per Share | -12.04 | -12.53 | -11.26 | -11.06 | -10.43 | -10.53 |
| Filing Date Shares Outstanding | 36.06M | 35.47M | 35.13M | 35.10M | 35.09M | 35.06M |
| Total Common Shares Outstanding | 36.06M | 35.47M | 35.13M | 35.09M | 35.09M | 35.06M |
| Working Capital | 640.10M | 605.00M | 484.60M | 469.70M | 450.70M | 420.80M |
| Book Value Per Share | 19.44 | 19.60 | 18.22 | 17.19 | 15.33 | 18.90 |
| Tangible Book Value | 499.00M | 490.50M | 443.80M | 398.10M | 331.00M | 273.10M |
| Tangible Book Value Per Share | 13.84 | 13.83 | 12.63 | 11.34 | 9.43 | 7.79 |
| Land | 15.00M | 15.50M | 14.30M | 14.90M | 17.90M | 19.40M |
| Buildings | 214.50M | 219.70M | 203.30M | 201.50M | 194.70M | 203.40M |
| Machinery | 496.40M | 503.60M | 461.20M | 468.00M | 443.80M | 439.00M |
| Construction In Progress | 6.80M | 7.30M | 6.90M | 7.20M | 8.40M | 15.10M |
| Order Backlog | 793.50M | 650.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 20.20M | 7.20M | 55.80M | 39.20M | -123.60M | 11.00M |
| Depreciation & Amortization | 61.80M | 63.00M | 62.90M | 59.80M | 63.70M | 46.90M |
| Other Amortization | 1.50M | 1.50M | 1.40M | 1.30M | 1.40M | 1.50M |
| Loss (Gain) From Sale of Assets | -1.40M | -600.00K | -900.00K | 200.00K | ||
| Asset Writedown & Restructuring Costs | 171.90M | 1.90M | ||||
| Stock-Based Compensation | 8.50M | 9.50M | 10.90M | 11.50M | 8.50M | 7.10M |
| Other Operating Activities | -6.20M | -6.20M | -54.50M | 3.30M | -8.90M | 4.50M |
| Change in Accounts Receivable | -6.90M | -9.10M | 9.00M | -9.30M | -36.40M | -5.20M |
| Change in Inventory | -4.80M | -11.60M | 21.40M | -46.70M | -42.00M | -68.30M |
| Change in Accounts Payable | 14.40M | 21.70M | -39.10M | -28.50M | 40.40M | 62.90M |
| Change in Other Net Operating Assets | 25.30M | -53.20M | -18.60M | 32.40M | 2.80M | 13.70M |
| Operating Cash Flow | 112.40M | 22.20M | 49.20M | 63.00M | 76.90M | 76.20M |
| Capital Expenditures | -43.00M | -50.40M | -45.70M | -77.40M | -61.80M | -40.40M |
| Sale of Property, Plant & Equipment | 2.70M | 900.00K | 4.80M | 5.60M | 1.50M | 300.00K |
| Cash Acquisitions | 2.30M | -186.20M | ||||
| Other Investing Activities | 500.00K | |||||
| Investing Cash Flow | -40.30M | -49.50M | -40.40M | -71.80M | -58.00M | -226.30M |
| Long-Term Debt Issued | 150.30M | 347.30M | 3.80M | 100.00M | ||
| Long-Term Debt Repaid | -89.70M | -320.00M | -20.00M | -25.10M | -4.90M | |
| Net Debt Issued (Repaid) | 5.30M | 60.60M | 27.30M | -16.20M | -25.10M | 95.10M |
| Issuance of Common Stock | 300.00K | 100.00K | 5.80M | |||
| Repurchase of Common Stock | -5.70M | -5.50M | -3.00M | |||
| Other Financing Activities | -13.40M | -5.80M | -14.90M | -1.90M | ||
| Financing Cash Flow | -8.10M | 54.80M | 6.70M | -21.40M | -29.90M | 100.90M |
| Foreign Exchange Rate Adjustments | -1.10M | 1.80M | -1.90M | 200.00K | -4.10M | |
| Net Cash Flow | 62.90M | 29.30M | 13.60M | -30.00M | -11.00M | -53.30M |
| Free Cash Flow | 69.40M | -28.20M | 3.50M | -14.40M | 15.10M | 35.80M |
| Free Cash Flow Margin | 2.99% | -1.26% | 0.16% | -0.65% | 0.74% | 2.08% |
| Free Cash Flow Per Share | 1.89 | -0.78 | 0.10 | -0.40 | 0.43 | 1.01 |
| Levered Free Cash Flow | 78.20M | -59.49M | 42.91M | -29.69M | 2.30M | -16.71M |
| Unlevered Free Cash Flow | 101.33M | -36.49M | 66.33M | -8.99M | 21.52M | 787.50K |
| Cash Interest Paid | 37.10M | 37.50M | 36.60M | 34.00M | 30.80M | 28.90M |
| Cash Income Tax Paid | 11.30M | 7.50M | 12.90M | 10.10M | 7.30M | -3.70M |
| Change in Working Capital | 28.00M | -52.20M | -27.30M | -52.10M | -35.20M | 3.10M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 830.51M | 425.30M | 320.71M | 585.57M | 322.29M | 651.42M |
| Enterprise Value | 1.27B | 957.00M | 809.51M | 980.07M | 714.19M | 860.52M |
| Last Close Price | 23.03 | 11.99 | 9.13 | 16.69 | 9.16 | 18.59 |
| PE Ratio | 41.81 | 59.07 | 5.75 | 14.94 | 59.22 | |
| Forward PE | 28.52 | 16.03 | 15.56 | 13.14 | 16.06 | 22.69 |
| PS Ratio | 0.36 | 0.19 | 0.15 | 0.26 | 0.16 | 0.38 |
| PB Ratio | 1.18 | 0.61 | 0.50 | 0.97 | 0.60 | 0.98 |
| P/TBV Ratio | 1.66 | 0.87 | 0.72 | 1.47 | 0.97 | 2.38 |
| P/FCF Ratio | 11.97 | 91.63 | 21.34 | 18.20 | ||
| P/OCF Ratio | 7.39 | 19.16 | 6.52 | 9.29 | 4.19 | 8.55 |
| PEG Ratio | 0.94 | 0.94 | 0.55 | 0.67 | 3.63 | |
| EV/Sales Ratio | 0.55 | 0.43 | 0.37 | 0.44 | 0.35 | 0.50 |
| EV/EBITDA Ratio | 9.06 | 8.01 | 6.45 | 6.64 | 4.96 | 9.12 |
| EV/EBIT Ratio | 16.19 | 16.94 | 12.93 | 11.18 | 8.90 | 18.12 |
| EV/FCF Ratio | 18.34 | 231.29 | 47.30 | 24.04 | ||
| Debt / Equity Ratio | 0.77 | 0.76 | 0.70 | 0.72 | 0.80 | 0.68 |
| Debt / EBITDA Ratio | 3.32 | 3.78 | 3.13 | 2.63 | 2.71 | 4.11 |
| Debt / FCF Ratio | 7.75 | 128.60 | 28.58 | 12.53 | ||
| Net Debt / Equity Ratio | 0.63 | 0.65 | 0.63 | 0.66 | 0.68 | 0.56 |
| Net Debt / EBITDA Ratio | 3.15 | 3.79 | 3.20 | 2.70 | 2.55 | 3.95 |
| Net Debt / FCF Ratio | 6.37 | -16.04 | 114.89 | -27.63 | 24.31 | 10.43 |
| Asset Turnover | 1.22 | 1.29 | 1.29 | 1.34 | 1.20 | 1.02 |
| Inventory Turnover | 2.41 | 2.84 | 2.83 | 2.82 | 2.81 | 2.69 |
| Quick Ratio | 0.70 | 0.75 | 0.67 | 0.56 | 0.60 | 0.60 |
| Current Ratio | 2.11 | 2.23 | 2.02 | 1.83 | 1.82 | 1.81 |
| Return on Equity (ROE) | 2.92% | 1.08% | 8.97% | 6.87% | -20.60% | 1.69% |
| Return on Assets (ROA) | 2.58% | 2.03% | 2.32% | 3.30% | 2.96% | 1.76% |
| Return on Invested Capital (ROIC) | 4.37% | 3.00% | 6.13% | 8.16% | 8.27% | 3.22% |
| Return on Capital Employed (ROCE) | 5.80% | 4.30% | 5.30% | 7.70% | 7.50% | 3.80% |
| Earnings Yield | 2.39% | 1.69% | 17.40% | 6.69% | -38.35% | 1.69% |
| FCF Yield | 8.36% | -6.63% | 1.09% | -2.46% | 4.69% | 5.50% |
| Buyback Yield / Dilution | -3.62% | -1.08% | 0.71% | -2.21% | 0.76% | -2.20% |
| Total Shareholder Return | -3.62% | -1.08% | 0.71% | -2.21% | 0.76% | -2.20% |