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The Manitowoc Company, Inc., together with its subsidiaries, provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. The company designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes comprising rough-terrain cranes, all-terrain cranes, truck-mounted cranes, telescopic crawler cranes, industrial cranes, and hydraulic boom trucks under the Grove, Shuttlelift, and National Crane brands. It also provides aftermarket services, such as sale of parts and accessories, field service work, routine maintenance services, technical support, erection and decommissioning services, crane and component remanufacturing, training, and telematics services. The company's crane products are used in various applications, including energy production/distribution and utilities; petrochemical and industrial; infrastructure, such as road, bridge, and airport construction; and commercial and residential construction. It serves various customers, including dealers, rental companies, contractors, and government entities in the petrochemical, industrial, commercial construction, power and utilities, infrastructure, and residential construction end markets. The Manitowoc Company, Inc. was founded in 1902 and is headquartered in Milwaukee, Wisconsin.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.2B | $113M | $7M | $-15M | 1.0% | 2.9% | -87.1% |
| 2024 | $2.2B | $113M | $56M | $4M | 8.7% | -2.2% | 42.3% |
| 2023 | $2.2B | $138M | $39M | $-14M | 6.5% | 9.6% | -131.7% |
| 2022 | $2.0B | $-25M | $-124M | $15M | -23.0% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,032.50 | 2,227.80 | 2,178 | 2,240.90 |
| Operating Revenue | - | 2,032.50 | 2,227.80 | 2,178 | 2,240.90 |
| Cost Of Revenue | - | 1,668 | 1,802.60 | 1,803 | 1,836.20 |
| Gross Profit | - | 364.50 | 425.20 | 375 | 404.70 |
| Operating Expense | - | 284.10 | 331.50 | 321.50 | 346 |
| Selling General And Administration | - | 281 | 328.30 | 318.60 | 342.90 |
| Total Expenses | - | 1,952.10 | 2,134.10 | 2,124.50 | 2,182.20 |
| Operating Income | - | 80.40 | 93.70 | 53.50 | 58.70 |
| Total Operating Income As Reported | - | -93 | 92.40 | 51.80 | 53.80 |
| EBITDA | - | -24.90 | 137.90 | 112.90 | 113.10 |
| Normalized EBITDA | - | 148.50 | 139.20 | 114.90 | 119.90 |
| EBIT | - | -88.60 | 78.10 | 50 | 50.10 |
| Interest Income | - | - | - | 0.70 | 0.80 |
| Interest Expense | - | 31.60 | 33.90 | 38.30 | 37.70 |
| Net Interest Income | - | -33 | -35.20 | -40.10 | -38.40 |
| Other Non Operating Income Expenses | - | 5.80 | -13 | 0.30 | -1.10 |
| Other Income Expense | - | -167.60 | -14.30 | -1.70 | -7.90 |
| Interest Income Non Operating | - | - | - | 0.70 | 0.80 |
| Interest Expense Non Operating | - | 31.60 | 33.90 | 38.30 | 37.70 |
| Net Non Operating Interest Income Expense | - | -33 | -35.20 | -40.10 | -38.40 |
| Pretax Income | - | -120.20 | 44.20 | 11.70 | 12.40 |
| Tax Provision | - | 3.40 | 5 | -44.10 | 5.20 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -36.41 | -0.15 | -0.42 | -1.43 |
| Net Income Continuous Operations | - | -123.60 | 39.20 | 55.80 | 7.20 |
| Net Income From Continuing And Discontinued Operation | - | -123.60 | 39.20 | 55.80 | 7.20 |
| Net Income From Continuing Operation Net Minority Interest | - | -123.60 | 39.20 | 55.80 | 7.20 |
| Net Income | - | -123.60 | 39.20 | 55.80 | 7.20 |
| Net Income Common Stockholders | - | -123.60 | 39.20 | 55.80 | 7.20 |
| Net Income Including Noncontrolling Interests | - | -123.60 | 39.20 | 55.80 | 7.20 |
| Normalized Income | - | 13.39 | 40.35 | 57.38 | 12.57 |
| Diluted NI Availto Com Stockholders | - | -123.60 | 39.20 | 55.80 | 7.20 |
| Basic Average Shares | - | 35.18 | 35.09 | 35.22 | 35.42 |
| Diluted Average Shares | - | 35.18 | 35.96 | 35.71 | 36.09 |
| Reconciled Depreciation | - | 63.70 | 59.80 | 62.90 | 63 |
| Reconciled Cost Of Revenue | - | 1,607.40 | 1,746 | 1,743 | 1,776.30 |
| Total Unusual Items | - | -173.40 | -1.30 | -2 | -6.80 |
| Total Unusual Items Excluding Goodwill | - | -173.40 | -1.30 | -2 | -6.80 |
| Special Income Charges | - | -173.40 | -1.30 | -4.60 | -4.90 |
| Other Special Charges | - | 0.50 | - | - | - |
| Write Off | 1.90 | 171.90 | 9.30 | 0 | - |
| Impairment Of Capital Assets | - | 171.90 | - | - | - |
| Restructuring And Mergern Acquisition | - | 1.50 | 1.30 | 4.60 | 4.90 |
| Gain On Sale Of Security | - | 5.50 | 3.30 | 2.60 | -1.90 |
| Depreciation Amortization Depletion Income Statement | - | 3.10 | 3.20 | 2.90 | 3.10 |
| Depreciation And Amortization In Income Statement | - | 3.10 | 3.20 | 2.90 | 3.10 |
| General And Administrative Expense | - | 281 | 328.30 | 318.60 | 342.90 |
| Other Gand A | - | 281 | 328.30 | 315.70 | 342.90 |
| Salaries And Wages | - | - | 6 | 2.90 | - |
| Gain On Sale Of Ppe | - | 0.90 | - | - | - |
| Total Other Finance Cost | - | 1.40 | 1.30 | 2.50 | 1.50 |
| Amortization | - | 3.10 | 3.20 | 2.90 | 3.10 |
| Amortization Of Intangibles Income Statement | - | 3.10 | 3.20 | 2.90 | 3.10 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Manitowoc Company, Inc.this co. | MTW | $447M | 62.09↑ premium | 0.64 | 1.0% | 7.82 |
| Pangaea Logistics Solutions Ltd. | PANL | $476M | 24.55 | 1.11 | 4.5% | 6.06 |
| Luxfer Holdings PLC | LXFR | $474M | 61.52 | 2.09 | 3.4% | 13.57 |
| Universal Logistics Holdings, Inc. | ULH | $457M | -4.58 | 0.85 | -18.5% | 14.71 |
| Xerox Holdings Corporation | XRX |
| - |
| - |
| - |
| - |
| - |
| - |
| $456M |
| -0.44 |
| 1.03 |
| -231.8% |
| 49.65 |
| Acacia Research Corporation | ACTG | $454M | 20.94 | 0.84 | 4.0% | 3.01 |
| L.B. Foster Company | FSTR | $439M | 58.23 | 2.51 | 4.3% | 14.44 |
| Energy Recovery, Inc. | ERII | $427M | 18.61 | 2.07 | 11.1% | 13.90 |
| AirJoule Technologies Corporation | AIRJ | $418M | -46.20 | 1.56 | -3.4% | -29.23 |
| Peer Median | - | 19.77 | 1.33 | 3.7% | 13.73 | |