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Manitowoc Co Inc (MTW) stock

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NYSE: MTW NYSE Construction Machinery & Heavy Transportation Equipment Next results ~November 3, 2026

C Fundamentals grade

Manitowoc Co Inc is a US-listed company in the construction machinery & heavy transportation equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$74

Revenue-to-maturity cash-flow model

Base case. Range ~$57–$94 across our lower- and higher-growth cases (3.9000000000000004%–13.9% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Manitowoc Co Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds76 adding, 67 cuttingOf 36 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Manitowoc files

Where Manitowoc Co stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.32bn, up 8.9% on a year earlier, faster than the 5.1% growth a quarter earlier. Free-cash-flow margin rose to 3.0% from -1.1% a year earlier. The diluted share count is up 2.3% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 5 financial-health checks. Our revenue-to-maturity cash-flow model value is $82.62 a share, against a share price of $22.48.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Manitowoc Co Inc's trailing-twelve-month revenue grew 8.9% year on year, with a free-cash-flow margin of 3.0%. Where it stands out: stock pay as % of revenue of 0.4% ranks 4 of 20 construction machinery & heavy transportation equipment companies we cover. Where it lags: change in share count of 2.3% ranks 18 of 21 construction machinery & heavy transportation equipment companies we cover.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 316% in the quarter to 2026-06-30, the 2nd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 3.7 points higher than a quarter earlier.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 2.3% in a year.
  • High earnings multiple. The shares trade at 42 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 54% and a beta of 1.7 against the S&P 500.
  • Below peers: operating margin. Operating margin of 3.1% ranks 16 of 21 construction machinery & heavy transportation equipment companies we cover (median 5.8%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$0.46 against an average estimate of $0.11: beat by 316.3%
Revenue
$595m, up 10.3% on a year earlier
Share reaction
+32.0% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
net sales $2.3bn to $2.4bn (Full Year 2026); adjusted EBITDA $150m to $170m (Full Year 2026)
Next report
November 3, 2026; average EPS estimate $0.20

Manitowoc's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.4%
  • 1 week+5.6%
  • 1 month+1.6%
  • This year+96.7%
  • 1 year+131.9%
  • 5 years+2.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.3B
Operating margin
3.1%
Net margin
0.9%
EPS (TTM, diluted)
$0.56

Growth

Revenue growth
+8.9%
Change in growth rate
+3.7 pts
Share count change
+2.3%

Cash

Free cash flow (TTM)
$69.4M
FCF margin
3.0%
Stock pay % of revenue
0.4%

Earnings

Last results
August 6, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance
  4. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Manitowoc Co Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Manitowoc Co Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.3 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$74 ~$57–$94 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$10 ~$9.9–$19 Left out: far from the other models (more than 3x away from their median)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$2.8 ~$1.3–$4.8 Left out: out of range vs price (0.12x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$47 ~$44–$140 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$68 ~$47–$74 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Manitowoc Co Inc with Construction Machinery & Heavy Transportation Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$13.90$23.92$39.34$14.77$17.50$13.31$18.59$9.16$16.69$9.13$11.99$23.58
Market value$473m$824m$1.4bn$525m$624m$462m$659m$322m$600m$326m$433m$858m
+ Net debt (− = net cash)$1.4bn$222m$167m$141m$117m$186m$335m$324m$339m$347m$388m$374m
Enterprise value$1.9bn$1.0bn$1.6bn$665m$741m$648m$994m$646m$940m$673m$821m$1.2bn
Multiples
Price / sales 0.3x0.5x0.9x0.3x0.3x0.3x0.4x0.2x0.3x0.1x0.2x0.4x
Price / earnings 7.2x—150.1x—13.4x—59.9x—15.3x5.8x60.1x42.5x
Price / free cash flow 10.3x—————18.4x21.3x—93.1x—12.4x
EV / EBITDA 48.6x—33.9x39.6x5.2x8.5x10.8x—6.3x6.0x7.2x9.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

26 /100

Weak moat

How hard Manitowoc's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.7% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 17.9%, moving by 1.1 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 2.5%; its worst year was -11.8%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 3 of 10 years, at a median -0.8% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 4.3% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $577m and EPS of $0.20 (range $0.19 to $0.20) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.92 +187% $2.3bn +3%
Next $0.83 −9% $2.4bn +2%

Next year's EPS estimate has moved −8.3% in 90 days, across 2 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.11 $0.46 +316.3%
Mar 2026 $0.04 −$0.13 −392.1%
Dec 2025 $0.27 $0.26 −3.0%
Sept 2025 $0.00 $0.14 +6900.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Net sales Full Year 2026 $2.3bn to $2.4bn Raised
    “Net sales $2.3 to $2.4 billion” source
  • Adjusted diluted earnings per share Full Year 2026 $0.80 to $1.20 Non-GAAP Raised
    “Adjusted diluted earnings per share $0.80 to $1.20” source
  • Adjusted EBITDA Full Year 2026 $150m to $170m Non-GAAP Raised
    “Adjusted EBITDA $150 to $170 million, including $16 million net benefit from tariff refunds” source
  • Depreciation and amortization Full Year 2026 about $60m Maintained
    “Depreciation and amortization $60 million” source
  • Interest expense Full Year 2026 $35m to $38m Maintained
    “Interest expense $35 to $38 million” source
  • Provision for income tax expense Full Year 2026 $17m to $24m Raised
    “Provision for income tax expense $17 to $24 million, excluding one-time expenses” source
Show 2 more items
  • Capital expenditures Full Year 2026 $45m to $50m Maintained
    “Capital expenditures $45 to $50 million, $25 million related to the rental fleet” source
  • Adjusted free cash flows Full Year 2026 $50m to $70m Non-GAAP Raised
    “Adjusted free cash flows $50 to $70 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

2 analysts, Oct 2026
Buy00%
Hold00%
Sell2100%

Monthly trend

  1. Oct 2026112
  2. Sep 2026112

Counts of recommendations published by analysts covering Manitowoc Co Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.3%
of tradable shares
Days to cover
3.11
at average volume
Short interest, 1 month
+27%
to September 30, 2026
Held by institutions
84%
of shares
Held by insiders
4.8%
of shares
Employees
4,700
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +131.9%

$10.17 on October 31, 2025 to $23.58

ThenNowEffect
Revenue (last 12 months) $2.1bn $2.3bn +8.9%
Net margin 2.1% 0.9% −58.7%
P/E multiple 8.0x 42.5x +427.5%
Share count 36m 36m −2.3%

Biggest factor: p/e multiple.

Last 3 years +73.9%

$13.56 on November 3, 2023 to $23.58

ThenNowEffect
Revenue (last 12 months) $2.2bn $2.3bn +6.1%
P/S multiple 0.2x 0.4x +69.7%
Share count 35m 36m −3.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MTW+40%−51%+82%−45%+31%+97%
Industry peers (median)+11%−8%+28%+25%+4%+9%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MTW50%25%42%33%75%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MTW−38%−61%−38%−51%−41%−26%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 83% from January 26, 2018 to April 8, 2025. Getting back needed a 502% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$10.02 – $23.80
From 52-week high
−0.9%
vs 50-day average
+9.0%
vs 200-day average
+51.2%
Volatility (1 year)
54%
Beta vs S&P 500
1.70

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±9.2%
After a week
6 up, 6 down
typical move ±16.6%
After a month
4 up, 8 down
typical move ±16.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +32.0% +0.5% +46.5% +50.2%
May 5, 2026 +3.3% +2.2% −0.1% −3.1%
February 9, 2026 +0.8% +0.2% −3.3% −12.6%
November 5, 2025 +12.2% −0.7% +13.8% +22.5%
August 11, 2025 −6.1% +0.9% −10.2% −3.7%
August 7, 2025 −16.2% +0.7% −24.7% −18.3%
May 6, 2025 +1.3% −0.4% +34.8% +28.3%
February 12, 2025 +9.3% +0.7% +18.1% −4.6%
October 30, 2024 −4.7% −2.3% +11.6% +8.5%
August 7, 2024 −5.3% +1.6% −12.7% −15.4%
May 7, 2024 −0.2% +0.1% +3.9% −4.4%
February 15, 2024 −19.5% +0.2% −19.1% −21.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Manitowoc Co Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Manitowoc Co Inc
$2.1B $2.2B $2.2B $2.3B $2.3B $2.4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.3B Revenue (TTM), FY23 Q4: $2.2B Revenue (TTM), FY24 Q1: $2.2B Revenue (TTM), FY24 Q2: $2.2B Revenue (TTM), FY24 Q3: $2.2B Revenue (TTM), FY24 Q4: $2.2B Revenue (TTM), FY25 Q1: $2.2B Revenue (TTM), FY25 Q2: $2.1B Revenue (TTM), FY25 Q3: $2.2B Revenue (TTM), FY25 Q4: $2.2B Revenue (TTM), FY26 Q1: $2.3B Revenue (TTM), FY26 Q2: $2.3B $2.3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.3B
FY23 Q4 $2.2B
FY24 Q1 $2.2B
FY24 Q2 $2.2B
FY24 Q3 $2.2B
FY24 Q4 $2.2B
FY25 Q1 $2.2B
FY25 Q2 $2.1B
FY25 Q3 $2.2B
FY25 Q4 $2.2B
FY26 Q1 $2.3B
FY26 Q2 $2.3B
Revenue growth, TTM YoY Manitowoc Co Inc
-10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 18.1% Revenue growth, TTM YoY, FY23 Q4: 9.6% Revenue growth, TTM YoY, FY24 Q1: 6.4% Revenue growth, TTM YoY, FY24 Q2: -0.6% Revenue growth, TTM YoY, FY24 Q3: -3.4% Revenue growth, TTM YoY, FY24 Q4: -2.2% Revenue growth, TTM YoY, FY25 Q1: -2.7% Revenue growth, TTM YoY, FY25 Q2: -2.0% Revenue growth, TTM YoY, FY25 Q3: -0.8% Revenue growth, TTM YoY, FY25 Q4: 2.9% Revenue growth, TTM YoY, FY26 Q1: 5.1% Revenue growth, TTM YoY, FY26 Q2: 8.9% 8.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 18.1%
FY23 Q4 9.6%
FY24 Q1 6.4%
FY24 Q2 -0.6%
FY24 Q3 -3.4%
FY24 Q4 -2.2%
FY25 Q1 -2.7%
FY25 Q2 -2.0%
FY25 Q3 -0.8%
FY25 Q4 2.9%
FY26 Q1 5.1%
FY26 Q2 8.9%
Operating margin (TTM) Manitowoc Co Inc
-4% -2% 0% 2% 4% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -2.4% Operating margin (TTM), FY23 Q4: 4.1% Operating margin (TTM), FY24 Q1: 3.5% Operating margin (TTM), FY24 Q2: 2.6% Operating margin (TTM), FY24 Q3: 2.1% Operating margin (TTM), FY24 Q4: 2.4% Operating margin (TTM), FY25 Q1: 1.9% Operating margin (TTM), FY25 Q2: 1.8% Operating margin (TTM), FY25 Q3: 2.3% Operating margin (TTM), FY25 Q4: 2.4% Operating margin (TTM), FY26 Q1: 2.3% Operating margin (TTM), FY26 Q2: 3.1% 3.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -2.4%
FY23 Q4 4.1%
FY24 Q1 3.5%
FY24 Q2 2.6%
FY24 Q3 2.1%
FY24 Q4 2.4%
FY25 Q1 1.9%
FY25 Q2 1.8%
FY25 Q3 2.3%
FY25 Q4 2.4%
FY26 Q1 2.3%
FY26 Q2 3.1%
FCF margin (TTM) Manitowoc Co Inc
-4% -2% 0% 2% 4% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 0.4% FCF margin (TTM), FY23 Q4: -0.7% FCF margin (TTM), FY24 Q1: -2.9% FCF margin (TTM), FY24 Q2: -0.9% FCF margin (TTM), FY24 Q3: -3.5% FCF margin (TTM), FY24 Q4: 0.2% FCF margin (TTM), FY25 Q1: 2.2% FCF margin (TTM), FY25 Q2: -1.1% FCF margin (TTM), FY25 Q3: 0.3% FCF margin (TTM), FY25 Q4: -0.7% FCF margin (TTM), FY26 Q1: 0.1% FCF margin (TTM), FY26 Q2: 3.0% 3.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 0.4%
FY23 Q4 -0.7%
FY24 Q1 -2.9%
FY24 Q2 -0.9%
FY24 Q3 -3.5%
FY24 Q4 0.2%
FY25 Q1 2.2%
FY25 Q2 -1.1%
FY25 Q3 0.3%
FY25 Q4 -0.7%
FY26 Q1 0.1%
FY26 Q2 3.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 3,620 3,112 3,589 3,913 4,048 2,305 1,866 1,613 1,581 1,847 1,834 1,443 1,720 2,033 2,228 2,178 2,241 2,320
Gross profit 797 759 833 943 1,022 467 332 253 282 328 344 255 307 365 425 375 405 434
EBITDA −396 294 310 365 433 154 38 −97 47 17 143 76 92 −35 149 112 114 133
Operating income −484 207 230 297 364 107 −12 −143 8 −19 108 39 47 −93 92 52 54 73
Net income −704 −73 −11 102 142 144 66 −376 9 −67 47 −19 11 −124 39 56 7 20
Diluted EPS −$20.56 −$2.28 −$0.32 $3.04 $4.20 $4.28 $1.92 −$10.91 $0.26 −$1.89 $1.31 −$0.55 $0.31 −$3.51 $1.09 $1.56 $0.20 $0.56
Growth (year on year)
Revenue −19.2% −14.0% +15.4% +9.0% +3.4% −43.1% −19.1% −13.5% −2.0% +16.8% −0.7% −21.3% +19.2% +18.2% +9.6% −2.2% +2.9% +8.9%
EBITDA −166.0% — +5.5% +17.9% +18.6% −64.4% −75.2% −355.0% — −63.9% — −47.1% +21.4% −138.4% — −25.1% +1.9% +34.7%
Operating income −192.9% — +10.9% +29.4% +22.7% −70.6% −111.6% — — — — −64.4% +20.5% −300.0% — −43.9% +3.9% —
Net income — — — — +39.4% +1.5% −54.5% −673.7% — — — −141.0% — — — — −87.1% −55.0%
Diluted EPS — — — — +38.2% +1.9% −55.1% −668.2% — — — −142.0% — — — — −87.2% −56.0%
Margins
Gross margin 22.0% 24.4% 23.2% 24.1% 25.2% 20.3% 17.8% 15.7% 17.8% 17.8% 18.8% 17.6% 17.9% 17.9% 19.1% 17.2% 18.1% 18.7%
EBITDA margin −10.9% 9.4% 8.6% 9.3% 10.7% 6.7% 2.0% −6.0% 2.9% 0.9% 7.8% 5.3% 5.3% −1.7% 6.7% 5.1% 5.1% 5.7%
Operating margin −13.4% 6.7% 6.4% 7.6% 9.0% 4.6% −0.7% −8.9% 0.5% −1.0% 5.9% 2.7% 2.7% −4.6% 4.1% 2.4% 2.4% 3.1%
Net margin −19.5% −2.4% −0.3% 2.6% 3.5% 6.2% 3.5% −23.3% 0.6% −3.6% 2.5% −1.3% 0.6% −6.1% 1.8% 2.6% 0.3% 0.9%
Free-cash-flow margin 7.5% 5.6% −1.3% 2.3% 5.2% 0.9% 2.5% −41.7% −22.4% −29.5% −4.8% −4.3% 2.1% 0.7% −0.6% 0.2% −0.7% 3.0%
Cash flow
Cash from operations 340 209 17 162 323 81 101 −626 −325 −513 −53 −35 76 77 63 49 22 112
Capital spending 69 36 65 73 111 60 55 46 29 32 35 26 40 62 77 46 38 43
Free cash flow 270 173 −48 90 212 22 46 −672 −354 −545 −88 −61 36 15 −14 4 −15 69
Stock-based pay 7 9 15 16 15 13 15 — — — 10 6 7 9 12 11 10 9
Free cash flow after stock pay 264 164 −63 73 198 9 31 — — — −98 −67 29 7 −26 −7 −25 61
Balance sheet
Cash 104 82 68 73 55 68 32 70 119 140 199 129 75 64 34 48 77 96
Total debt 2,172 1,997 1,890 1,825 1,527 1,524 1,414 292 286 281 317 315 410 388 374 395 465 470
Net debt (negative = net cash) 2,069 1,915 1,822 1,752 1,472 1,456 1,382 222 167 141 117 186 335 324 339 347 388 374
Diluted shares 33m 33m 33m 33m 34m 34m 34m 34m 36m 36m 36m 35m 35m 35m 36m 36m 36m 36m
Returned to shareholders
Dividends 11 11 11 11 11 11 11 0 0 — — — 0 0 0 0 0 0
Buybacks — — — — — — — — — — 7 12 0 3 6 6 0 —
Total returned 11 11 11 11 11 11 11 0 0 — 7 12 0 3 6 6 0 0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · June 30, 2026
What it owns · $1.9bn
Short-term assets $1.2bnLonger-term assets $704m
What it owes, and who funded it · $1.3bn
Short-term liabilities $577mShareholders' equity $701m
  • Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $577m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $96m of cash against $470m of debt.
  • Debt below 40% of shareholders' equity Debt is 67% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 62% to 67% over five years.
  • A year's operating cash flow covers at least 20% of debt $112m of operating cash flow against $470m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Manitowoc Co Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$0
Buybacks, last 3 fiscal years
$11.2M
Diluted share count
+2.3%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
Days sales outstanding
46 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in construction machinery & heavy transportation equipment
Last 12 months unless stated MTW GBX TRN FSS BLBD ASTE Median
Revenue, last 12 months $2.3bn $2.5bn $2.1bn $2.5bn $1.6bn $1.6bn $2.1bn
Revenue growth, last 12 months 8.9% −24.0% −2.4% 24.0% 13.5% 18.7% 10.1%
Revenue growth, 3-year average 2.0% −14.5% −8.6% 15.2% 14.0% 4.5% 4.3%
Revenue growth, latest quarter 10.3% −22.2% 17.8% 18.1% 29.9% 23.6% 17.8%
Gross margin 18.7% 13.6% 24.6% 29.1% 20.6% 25.7% 21.4%
Operating margin 3.1% 5.8% 34.5% 16.2% 11.8% 3.4% 5.9%
Operating margin, 3-year average 2.5% 8.7% 23.4% 15.7% 10.9% 3.2% 8.6%
Net margin 0.9% 3.2% 15.4% 11.7% 17.5% 1.3% 3.2%
Cash from operations / revenue 4.8% 1.6% 19.3% 15.8% 11.2% 5.2% 8.9%
Free-cash-flow margin 3.0% −9.7% 16.8% 14.3% 9.5% 2.1% 7.0%
Free-cash-flow margin, 3-year average 0.3% −4.0% 15.0% 12.0% 8.6% 1.7% 5.9%
Stock pay / revenue 0.4% 0.6% 1.1% 0.6% 0.5% 0.6% 0.6%
Change in share count 2.3% −1.1% −1.9% −0.1% −0.1% 1.2% −0.1%

Median of all 23 companies we cover in construction machinery & heavy transportation equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

23 construction machinery & heavy transportation equipment companies
Measure Company Peer median Rank
Revenue growth Growth 8.9% 10.1% 13 of 23
Change in growth rate Growth +3.7pp +4.6pp 13 of 23
Gross margin Profitability 18.7% 21.4% 15 of 23
Operating margin Profitability 3.1% 5.8% 16 of 21
Net margin Profitability 0.9% 3.2% 17 of 23
Free-cash-flow margin Cash generation 3.0% 7.0% 15 of 23
Stock pay as % of revenue Cash generation 0.4% 0.6% 4 of 20
Long-term debt as % of assets Balance sheet 24.0% 24.0% 10 of 18
Change in share count Balance sheet 2.3% -0.1% 18 of 21
Days sales outstanding Balance sheet 46 days 50 days 5 of 13

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
New Machine Sales $1.6B 69.2% ▲ 0.1%
Non New Machine Sales $691M 30.8% ▲ 9.8%
Geography
Region Revenue Share YoY
United States $1.1B 51.3% ▲ 8.4%
Europe $640M 28.6% ▲ 7.0%
Other Countries $451M 20.1% ▼ 13.1%

From Manitowoc Co Inc's 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$420M
Institutions reporting
166
Shares held vs prior quarter
▲ 5.4%
Positions opened / closed
18 / 20

Top buyers and sellers, Q2 2026: 76 institutions bought and 67 sold ; the biggest buyer was First Eagle Investment Management, LLC (+1.3M shares) and the biggest seller Charles Schwab Investment Management Inc (−185K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $56.7M 4.1M 13.5% ▲ 7.5%
Front Street Capital Management, Inc. $44.5M 3.2M 10.6% ▼ 3.5%
First Eagle Investment Management, LLC $29.4M 2.1M 7.0% ▲ 150.5%
Dimensional Fund Advisors LP $26.9M 1.9M 6.4% 0.0%
Vanguard Capital Management LLC $21.3M 1.5M 5.1% ▲ 3.0%
Ies Holdings, Inc. $20.6M 1.5M 4.9% ▲ 8.6%
Acadian Asset Management LLC $17.7M 1.3M 4.2% ▲ 18.5%
Geode Capital Management, LLC $12.6M 910K 3.0% ▲ 6.9%
Kennedy Capital Management LLC $10.9M 783K 2.6% ▼ 2.1%
State Street Corp $10.7M 773K 2.6% ▲ 0.9%
Charles Schwab Investment Management Inc $9.6M 692K 2.3% ▼ 21.1%
Morgan Stanley $9.5M 685K 2.3% ▼ 1.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Manitowoc Co Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $106,200 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $106,200 net selling
Insider Date Trade Shares Price Value
Krueger Kenneth W Director May 19, 2026 Sell 9,000 $11.80 $106,200

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 5, 2026
  • February 9, 2026
  • November 5, 2025
  • August 11, 2025
  • August 7, 2025

Recent SEC filings

Data status

When each part of this page on Manitowoc Co Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Manitowoc Co Inc in brief

What does Manitowoc Co Inc do?
Manitowoc Co Inc is a US-listed company in the construction machinery & heavy transportation equipment industry. Its financial year ends in December.
What is Manitowoc Co Inc's stock ticker?
Manitowoc Co Inc trades under the ticker MTW on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Manitowoc Co Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Manitowoc Co Inc reported revenue of $2.3B, 8.9% higher than a year earlier, according to its SEC filings.
What is Manitowoc Co Inc's free cash flow?
Manitowoc Co Inc's free-cash-flow margin is 3.0% of revenue over the trailing twelve months, ranking 15 of the 23 construction machinery & heavy transportation equipment companies we cover.
Who are Manitowoc Co Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Front Street Capital Management, Inc. and First Eagle Investment Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Manitowoc Co Inc's market cap?
On November 2, 2026, Manitowoc Co Inc's market capitalisation was about $858M, with a price-to-earnings ratio of 42.5 and net debt of $374M. Market figures come from third-party market data and may be delayed.
Does Manitowoc Co Inc pay a dividend?
Manitowoc Co Inc reported no dividend payments in its trailing twelve months of filings.
How much debt does Manitowoc Co Inc have?
Manitowoc Co Inc's debt-to-equity ratio is 67.0%, from its latest balance sheet (61.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Manitowoc Co Inc's competitors?
In our Construction Machinery & Heavy Transportation Equipment peer group, the companies closest to Manitowoc Co Inc are Greenbrier Companies Inc, Trinity Industries Inc, Federal Signal Corp, Blue Bird Corp and Astec Industries Inc. The side-by-side comparison below sets their revenue, margins and growth against Manitowoc Co Inc's.
Are insiders buying or selling Manitowoc Co Inc stock?
Over the last 12 months, Manitowoc Co Inc's directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Manitowoc Co Inc's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Manitowoc Co Inc announces its own schedule.