The Manitowoc Company, Inc. (MTW) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.11	$0.46	+318.2%	—	—	—
Q3 26	$0.04	-$0.13	-425.0%	—	—	—
Q2 26	$0.27	$0.26	-3.7%	—	—	—
Q1 26	—	$0.14	—	—	—	—
Q4 25	$0.18	$0.08	-55.6%	—	—	—
Q3 25	-$0.09	-$0.16	-77.8%	—	—	—
Q2 25	$0.12	$0.1	-16.7%	—	—	—
Q1 25	$0.06	-$0.08	-233.3%	—	—	—
Q4 24	$0.49	$0.25	-49.0%	—	—	—
Q3 24	$0.18	$0.14	-22.2%	—	—	—
Q2 24	$0.24	$0.09	-62.5%	—	—	—
Q1 24	$0.06	$0.22	+266.7%	—	—	—
Q4 23	$0.31	$0.75	+141.9%	—	—	—
Q3 23	$0.15	$0.46	+206.7%	—	—	—
Q2 23	$0.26	$0.74	+184.6%	—	—	—
Q1 23	$0.09	$0.1	+11.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.2	—	—	$2.2B	—
FY24	—	$1.58	—	—	$2.2B	—
FY23	—	$1.12	—	—	$2.2B	—
FY22	—	-$3.51	—	—	$2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.6B	$1.6B	$1.8B	$1.8B	$1.4B	$1.7B	$2B	$2.2B	$2.2B	$2.2B
YoY change	-13.5%	-1.97%	+16.8%	-0.69%	-21.3%	+19.2%	+18.2%	+9.61%	-2.24%	+2.89%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.6B	1.6B	1.8B	1.8B	1.4B	1.7B	2B	2.2B	2.2B	2.2B
Cost of revenue	1.4B	1.3B	1.5B	1.5B	1.2B	1.4B	1.7B	1.8B	1.8B	1.8B
Gross profit	253.3M	281.9M	328.1M	344.1M	254.7M	307.2M	364.5M	425.2M	375M	404.7M
Gross margin	15.7%	17.8%	17.8%	18.8%	17.6%	17.9%	17.9%	19.1%	17.2%	18.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	270.4M	245.3M	251.6M	225.6M	208.8M	258.5M	281M	334.3M	318.6M	342.9M
Operating expenses	273M	245.4M	251.6M	225.6M	208.8M	258.5M	281M	334.3M	318.6M	342.9M
Operating income	-22.7M	35.7M	76.2M	118.2M	45.6M	47.3M	80.4M	87.7M	53.5M	58.7M
Operating margin	-1.41%	2.26%	4.13%	6.44%	3.16%	2.75%	3.96%	3.94%	2.46%	2.62%
Non-operating income, net	-203.6M	-34.1M	-107M	-25M	-17M	200K	-167.5M	-8.3M	-1.7M	-7.9M
Pretax income	-268.1M	-39.5M	-71.7M	59M	-2M	17.1M	-120.2M	44.2M	11.7M	12.4M
Income tax	100.5M	-49.5M	-4.8M	12.4M	17.1M	6.1M	3.4M	5M	-44.1M	5.2M
Net income	-375.8M	9.4M	-67.1M	46.6M	-19.1M	11M	-123.6M	39.2M	55.8M	7.2M
Net margin	-23.3%	0.59%	-3.63%	2.54%	-1.32%	0.64%	-6.08%	1.76%	2.56%	0.32%
EBITDA	16.7M	65.9M	99.3M	161.8M	71.6M	93.7M	142.6M	145.2M	114.9M	119.9M
EPS	-10.9	0.26	-1.89	1.31	-0.55	0.32	-3.51	1.12	1.58	0.2
Diluted EPS	-10.9	0.26	-1.89	1.31	-0.55	0.31	-3.51	1.09	1.56	0.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	520.9M	595.8M	495.1M	562.1M	524.8M	596M	470.9M	539.5M	553.4M	677.1M	494.6M	594.9M
Cost of revenue	424.1M	496.7M	402.6M	462.4M	437.2M	500.8M	381.1M	440.5M	450.8M	563.8M	399.3M	471.8M
Gross profit	96.8M	99.1M	92.5M	99.7M	87.6M	95.2M	89.8M	99M	102.6M	113.3M	95.3M	123.1M
Gross margin	18.6%	16.6%	18.7%	17.7%	16.7%	16%	19.1%	18.4%	18.5%	16.7%	19.3%	20.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	77.4M	94.2M	76M	83.7M	78.9M	80M	82.9M	87.4M	83.4M	89.2M	90.6M	90.4M
Operating expenses	77.4M	94.2M	76M	83.7M	78.9M	80M	82.9M	87.4M	83.4M	89.2M	90.6M	90.4M
Operating income	18.7M	4.1M	15.8M	15.2M	8M	14.5M	6.1M	10.8M	18.5M	23.3M	3.9M	31.9M
Operating margin	3.59%	0.69%	3.19%	2.7%	1.52%	2.43%	1.3%	2%	3.34%	3.44%	0.79%	5.36%
Non-operating income, net	400K	2.7M	100K	-2M	-5.4M	5.6M	-5.8M	—	-800K	-1.3M	-3.9M	-1M
Pretax income	10.4M	-1.9M	6.4M	3.2M	-7.3M	9.4M	-8.8M	1.3M	7.5M	12.4M	-9.3M	21.4M
Income tax	0	6M	1.9M	1.6M	-300K	-47.3M	-2.5M	-200K	2.5M	5.4M	-3.3M	7.2M
Net income	10.4M	-7.9M	4.5M	1.6M	-7M	56.7M	-6.3M	1.5M	5M	7M	-6M	14.2M
Net margin	2%	-1.33%	0.91%	0.28%	-1.33%	9.51%	-1.34%	0.28%	0.9%	1.03%	-1.21%	2.39%
EBITDA	33.9M	28.4M	31.6M	30.5M	18.4M	34.4M	16.3M	27M	32.9M	43.7M	15.3M	46.4M
EPS	0.3	-0.23	0.13	0.05	-0.2	1.61	-0.18	0.04	0.14	0.2	-0.17	0.39
Diluted EPS	0.29	-0.23	0.12	0.04	-0.2	1.59	-0.18	0.04	0.14	0.19	-0.17	0.39

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	823.8M	1.4B	524.5M	621M	461.7M	648.9M	322.3M	585.7M	321.6M	424.7M	799.5M
Enterprise value	1B	1.5B	657.3M	771.5M	672.3M	1B	677.8M	970.6M	710.8M	861.8M	1.2B
Shares outstanding	34.4M	35.1M	35.5M	35.5M	34.7M	34.9M	35.2M	35.1M	35.2M	35.4M	35.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	146.9	—	13.3	—	59	—	14.9	5.76	59	39.5
P/S	0.51	0.87	0.28	0.34	0.32	0.38	0.16	0.26	0.15	0.19	0.34
P/B	1.4	2.04	0.87	0.96	0.72	0.98	0.6	0.97	0.5	0.61	1.14
EV/EBITDA	62	23.3	6.62	4.77	9.39	10.8	4.75	6.68	6.19	7.19	8.84
EV/Sales	0.64	0.97	0.36	0.42	0.47	0.59	0.33	0.44	0.33	0.38	0.54
Earnings yield	—	0.68%	—	7.5%	—	1.7%	—	6.69%	17.4%	1.7%	2.53%
FCF yield	-81.6%	-25.6%	-103.8%	-14.2%	-13.3%	5.52%	4.69%	-2.46%	1.09%	-3.6%	9.78%
PEG	—	—	—	—	—	—	—	—	—	—	0.05

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	15.7%	17.8%	17.8%	18.8%	17.6%	17.9%	17.9%	19.1%	17.2%	18.1%	20.7%
Operating margin	-1.41%	2.26%	4.13%	6.44%	3.16%	2.75%	3.96%	3.94%	2.46%	2.62%	5.66%
Net margin	-23.3%	0.59%	-3.63%	2.54%	-1.32%	0.64%	-6.08%	1.76%	2.56%	0.32%	0.87%
ROE	-63.6%	1.39%	-11.2%	7.21%	-2.97%	1.66%	-23%	6.5%	8.72%	1.04%	2.92%
ROA	-24.8%	0.58%	-4.35%	2.88%	-1.19%	0.62%	-7.65%	2.3%	3.36%	0.4%	2.58%
ROIC	-2.83%	4.3%	10.4%	11.7%	5.34%	2.97%	9%	7.87%	5.2%	3.01%	4.36%
Return on tangible assets	-54.4%	1.3%	-7.99%	5.06%	-2.15%	1.1%	-10.3%	3.02%	4.4%	0.51%	1.33%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.82	1.74	1.7	1.98	1.99	1.81	1.82	1.83	2.02	2.23	2.11
Quick ratio	0.78	0.86	0.78	0.93	0.9	0.7	0.71	0.65	0.74	0.84	0.75
Debt / equity	0.48	0.41	0.45	0.54	0.53	0.66	0.78	0.7	0.68	0.74	0.77
Debt / assets	0.19	0.17	0.18	0.22	0.21	0.25	0.26	0.25	0.26	0.28	0.27
Net debt / EBITDA	12.7	2.31	1.34	0.93	2.94	3.85	2.49	2.65	3.39	3.65	3.06
Interest coverage	-5.77	-0.01	-0.83	2.8	0.93	1.59	-2.8	2.3	1.31	1.33	1.84
Effective tax rate	0%	0%	0%	21%	0%	35.7%	0%	11.3%	0%	41.9%	36.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	46.8	45	52	51.7	41.6	49.3	57.8	63.5	61.8	63.3	65.1
EPS (basic)	-10.9	0.26	-1.89	1.31	-0.55	0.32	-3.51	1.12	1.58	0.2	0.2
EPS (diluted)	-10.9	0.26	-1.89	1.31	-0.55	0.31	-3.51	1.09	1.56	0.2	0.56
Book value per share	17.1	19.3	16.9	18.2	18.5	19	15.3	17.2	18.2	19.6	19.4
FCF per share	-19.5	-10.1	-15.3	-2.49	-1.77	1.03	0.43	-0.41	0.1	-0.43	1.9
Cash per share	2.03	3.5	3.95	5.62	3.71	2.16	1.83	0.98	1.36	2.18	2.66
Capex per share	0.24	0.2	0.37	0.48	0.01	0.01	0.04	0.16	0.14	1.06	1.18

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.52%	0.44%	0.7%	0.94%	0.03%	0.02%	0.07%	0.25%	0.22%	1.67%	1.85%
Capex / operating cash flow	-1.23%	-2.19%	-2.24%	-19.6%	-2.78%	0.56%	-1.88%	25.7%	6.38%	168.9%	38.3%
Payout ratio	0%	0%	—	—	—	—	—	—	—	—	0%
Dividend yield	0%	0%	—	—	—	—	—	—	—	—	0.65%

Yield

0.65%

trailing twelve months

Frequency

Annual

Last dividend

$0.0725

ex-dividend Nov 24, 2015

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Nov 24, 2015	$0.0725
Nov 25, 2014	$0.0725
Nov 26, 2013	$0.0725
Nov 28, 2012	$0.0725
Nov 30, 2011	$0.0725

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$520.9M	$595.8M	$495.1M	$562.1M	$524.8M	$596M	$470.9M	$539.5M	$553.4M	$677.1M	$494.6M	$594.9M
YoY change	+14.6%	-4.15%	-2.6%	-6.75%	+0.75%	+0.03%	-4.89%	-4.02%	+5.45%	+13.6%	+5.03%	+10.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	69.9M	123M	140.3M	199.3M	128.7M	75.4M	64.4M	34.4M	48M	77.3M
Receivables	134.4M	179.2M	171.8M	168.3M	215.1M	236.1M	266.3M	278.8M	260.3M	281.3M
Inventory	429M	400.6M	453.1M	461.4M	473.1M	576.8M	611.9M	666.5M	609.4M	683.9M
Total current assets	749.7M	790.4M	842.9M	872.4M	866M	941.8M	998.5M	1B	958.9M	1.1B
Property, plant & equipment	83.8M	107.3M	93.6M	187.8M	166.4M	236.6M	231M	224.3M	202.2M	191.3M
Goodwill & intangibles	827.4M	886.8M	701.8M	697.6M	713.4M	778.6M	413.6M	410.4M	392.6M	409.4M
Total assets	1.5B	1.6B	1.5B	1.6B	1.6B	1.8B	1.6B	1.7B	1.7B	1.8B
Accounts payable	157.7M	204.9M	249.2M	187.1M	178.1M	238.8M	274.6M	254.7M	205.5M	242.3M
Short-term debt	12.4M	8.2M	6.4M	3.8M	10.5M	7.3M	6.1M	13.4M	13.1M	13.7M
Total current liabilities	412.8M	453M	496.6M	440.9M	435.8M	521M	547.8M	563.3M	474.3M	491.6M
Long-term debt	269.1M	266.7M	266.7M	346M	328.8M	429.1M	413.8M	405.9M	424.1M	500.7M
Total liabilities	927.3M	930.3M	940.6M	971.8M	960M	1.1B	1.1B	1.1B	1B	1.1B
Shareholders' equity	590.5M	677.5M	601.3M	645.9M	643.5M	662.4M	537.8M	603.3M	640.1M	695.2M
Total debt	281.5M	274.9M	273.1M	349.8M	339.3M	436.4M	419.9M	419.3M	437.2M	514.4M
Net debt	211.6M	151.9M	132.8M	150.5M	210.6M	361M	355.5M	384.9M	389.2M	437.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	40M	34.4M	31.5M	38.1M	22.9M	48M	41.4M	32.9M	39.7M	77.3M	78.4M	95.8M
Receivables	252.8M	278.8M	290.3M	257.3M	272.6M	260.3M	267.9M	289.6M	279.5M	281.3M	264.8M	294.4M
Inventory	719.9M	666.5M	748M	759.4M	769.9M	609.4M	701.7M	782.5M	817.5M	683.9M	744.1M	785.3M
Total current assets	1.1B	1B	1.1B	1.1B	1.1B	958.9M	1.1B	1.2B	1.2B	1.1B	1.1B	1.2B
Property, plant & equipment	246.1M	224.3M	216.7M	212.7M	219.4M	202.2M	204.7M	201.6M	194.2M	191.3M	185.8M	179.6M
Goodwill & intangibles	403.8M	410.4M	404M	402M	407.6M	392.6M	400.8M	412.2M	410M	409.4M	406.8M	404.2M
Total assets	1.7B	1.7B	1.8B	1.7B	1.8B	1.7B	1.8B	1.9B	1.9B	1.8B	1.8B	1.9B
Accounts payable	258.4M	254.7M	306.9M	278.5M	254.3M	205.5M	268.4M	314M	301.1M	242.3M	289.7M	323.6M
Short-term debt	30.3M	13.4M	42.5M	21.4M	40.5M	13.1M	17.6M	10.7M	20.5M	13.7M	10.8M	8.9M
Total current liabilities	588.5M	563.3M	632.2M	578.6M	561.1M	474.3M	554.8M	560.4M	551.7M	491.6M	539.7M	577.3M
Long-term debt	404.2M	405.9M	419.3M	450.3M	471.2M	424.1M	436M	513.9M	533M	500.7M	488.5M	509.5M
Total liabilities	1.1B	1.1B	1.2B	1.2B	1.2B	1B	1.1B	1.2B	1.2B	1.1B	1.2B	1.2B
Shareholders' equity	573M	603.3M	596M	592.3M	607.6M	640.1M	651.6M	681.3M	682.7M	695.2M	685.9M	701.1M
Total debt	434.5M	419.3M	461.8M	471.7M	511.7M	437.2M	453.6M	524.6M	553.5M	514.4M	499.3M	518.4M
Net debt	394.5M	384.9M	430.3M	433.6M	488.8M	389.2M	412.2M	491.7M	513.8M	437.1M	420.9M	422.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-368.6M	10M	-66.9M	46.6M	-19.1M	11M	-123.6M	39.2M	55.8M	7.2M
Depreciation & amortization	48.6M	38.9M	36.4M	35.3M	37.5M	46.9M	63.7M	59.8M	62.9M	63M
Stock-based compensation	-700K	8.5M	7.4M	9.5M	6M	7.1M	8.5M	11.5M	10.9M	9.5M
Change in working capital	-463.3M	-334.5M	-548.3M	-182.9M	-49.2M	-17.2M	-23.9M	-84M	-200K	-16.6M
Operating cash flow	-680.4M	-319.3M	-580.7M	-87.9M	-18M	53.1M	-79.6M	21.8M	75.2M	22.2M
Capital expenditure	8.4M	7M	13M	17.2M	500K	300K	1.5M	5.6M	4.8M	-37.5M
Investing cash flow	462.5M	410.2M	566.1M	143.5M	500K	-185.9M	3.8M	5.6M	5.3M	-50.4M
Dividends paid	0	0	—	—	—	—	—	—	—	—
Share repurchases	—	0	0	-7.4M	-12M	0	-3M	-5.5M	-5.7M	0
Financing cash flow	209.8M	-15.4M	-3.8M	-136.4M	-64.9M	100M	-44.9M	-45.5M	-13.3M	-20.2M
Net change in cash	-8.1M	75.5M	-18.4M	-80.8M	-82.4M	-32.8M	-120.7M	-18.1M	67.2M	-48.4M
Free cash flow	-672.1M	-353.8M	-544.7M	-88.4M	-61.4M	35.8M	15.1M	-14.4M	3.5M	-15.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	10.4M	-7.9M	4.5M	1.6M	-7M	56.7M	-6.3M	1.5M	5M	7M	-6M	14.2M
Depreciation & amortization	14.4M	15.6M	15.4M	15.4M	15.6M	16.5M	15.6M	15.5M	15.6M	16.3M	14.9M	15M
Stock-based compensation	2.4M	3.7M	3.7M	1.9M	2.4M	2.9M	2.6M	3.2M	1M	2.7M	2.8M	2M
Change in working capital	-22.8M	22M	-45.2M	2.3M	-40.7M	83.4M	-7M	-46.5M	-29.6M	66.5M	10.8M	-34.3M
Operating cash flow	4.9M	41.5M	-21.3M	21.6M	-29.4M	104.3M	5.3M	-67.7M	-14.1M	91.1M	27.4M	8M
Capital expenditure	200K	300K	200K	3.3M	1.8M	-500K	100K	-6M	-7.9M	-12.8M	-8.2M	-14.1M
Investing cash flow	200K	300K	200K	3.3M	1.8M	-500K	-12.8M	-6M	-7.9M	-12.8M	-8.2M	-14.1M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	0	-5.7M	0	0	—	—	0	0	—	—
Financing cash flow	-10.8M	-20M	-2.9M	-9M	-32.1M	-94.3M	-33M	63.8M	-78.3M	-116.1M	-26.5M	21.6M
Net change in cash	-5.7M	21.8M	-24M	15.9M	-59.7M	9.5M	-40.5M	-9.9M	-100.3M	-37.8M	-7.3M	15.5M
Free cash flow	2.7M	22.3M	-42.8M	-1.9M	-52.9M	101.1M	2.1M	-73.7M	-22M	78.3M	19.2M	-6.1M

Date	Ratio
Nov 20, 2017	1:4
Mar 4, 2016	441584:100000
Sep 11, 2007	2:1
Apr 11, 2006	2:1
Apr 1, 1999	3:2
Jul 1, 1997	3:2
Jul 3, 1996	3:2

The Manitowoc Company, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history