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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% | - |
| 2022 | $2.0B | $-25M | $-124M | $15M | -23.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 80.40 | 93.70 | 53.50 | 58.70 |
| EBITDA | -24.90 | 137.90 | 112.90 | 113.10 |
| EBIT | -88.60 | 78.10 | 50 | 50.10 |
| Pretax Income | -120.20 | 44.20 | 11.70 | 0 |
| Tax Provision | 3.40 | 5 | -44.10 | 5.20 |
| Net Income | -123.60 | 39.20 | 55.80 | 7.20 |
| Net Income Common Stockholders | -123.60 | 39.20 | 55.80 | 7.20 |
| Total Expenses | 1,952.10 | 2,134.10 | 2,124.50 | 2,182.20 |
| Interest Expense | 31.60 | 33.90 | 38.30 | 37.70 |
| Interest Income | 0 | 0 | 0.70 | 0.80 |
| Selling General And Administration | 281 | 328.30 | 318.60 | 342.90 |
| Normalized EBITDA | 148.50 | 139.20 | 114.90 | 119.90 |
| Normalized Income | 13.39 | 40.35 | 57.38 | 12.57 |
| Basic EPS | -3.51 | 1.12 | 1.58 | 0 |
| Diluted EPS | -3.51 | 1.09 | 1.56 | 0 |
| Tax Effect Of Unusual Items | -36.41 | -0.15 | -0.42 | -1.43 |
| Tax Rate For Calcs | 0.21 | 0.11 | 0.21 | 0.21 |
| Total Unusual Items | -173.40 | -1.30 | -2 | -6.80 |
| Total Unusual Items Excluding Goodwill | -173.40 | -1.30 | -2 | -6.80 |
| Net Income From Continuing Operation Net Minority Interest | -123.60 | 39.20 | 55.80 | 7.20 |
| Reconciled Depreciation | 63.70 | 59.80 | 62.90 | 63 |
| Reconciled Cost Of Revenue | 1,607.40 | 1,746 | 1,743 | 1,776.30 |
| Net Interest Income | -33 | -35.20 | -40.10 | -38.40 |
| Net Income From Continuing And Discontinued Operation | -123.60 | 39.20 | 55.80 | 7.20 |
| Total Operating Income As Reported | -93 | 92.40 | 51.80 | 53.80 |
| Diluted Average Shares | 35.18 | 35.96 | 35.71 | 0 |
| Basic Average Shares | 35.18 | 35.09 | 35.22 | 0 |
| Diluted NI Availto Com Stockholders | -123.60 | 39.20 | 55.80 | 7.20 |
| Net Income Including Noncontrolling Interests | -123.60 | 39.20 | 55.80 | 7.20 |
| Net Income Continuous Operations | -123.60 | 39.20 | 55.80 | 7.20 |
| Other Income Expense | -167.60 | -14.30 | -1.70 | -7.90 |
| Other Non Operating Income Expenses | 5.80 | -13 | 0.30 | -1.10 |
| Special Income Charges | -173.40 | -1.30 | -4.60 | -4.90 |
| Gain On Sale Of Ppe | 0.90 | 0 | 0 | 0 |
| Other Special Charges | 0.50 | 0 | 0 | 0 |
| Write Off | 171.90 | 9.30 | 0 | 0 |
| Impairment Of Capital Assets | 171.90 | 0 | 0 | 0 |
| 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 |
| Net Non Operating Interest Income Expense | -33 | -35.20 | -40.10 | -38.40 |
| Total Other Finance Cost | 1.40 | 1.30 | 2.50 | 1.50 |
| Interest Expense Non Operating | 31.60 | 33.90 | 38.30 | 37.70 |
| Interest Income Non Operating | 0 | 0 | 0.70 | 0.80 |
| 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 |
| Amortization | 3.10 | 3.20 | 2.90 | 3.10 |
| Amortization Of Intangibles 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 | 0 | 6 | 2.90 | 0 |
| Operating Revenue | 2,032.50 | 2,227.80 | 2,178 | 2,240.90 |
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 | $467M | 65.05↑ premium | 0.66 | 1.0% | 7.65 |
| Pangaea Logistics Solutions Ltd. | PANL | $496M | 25.33 | 1.15 | 4.1% | 10.08 |
| Cryoport, Inc. | CYRX | $492M | - | 1.06 | 15.6% | -89.47 |
| Insteel Industries Inc. | IIIN | $490M | 11.96 | 1.32 | 11.0% | 6.31 |
| Orion Group Holdings, Inc. | ORN |
| $483M |
| 54.59 |
| 3.01 |
| 1.6% |
| 15.30 |
| Acacia Research Corporation | ACTG | $479M | 22.55 | 0.88 | 3.7% | 5.12 |
| Titan Machinery Inc. | TITN | $474M | - | 0.80 | -9.4% | 36.31 |
| Mayville Engineering Company, Inc. | MEC | $444M | - | 1.84 | -3.4% | 16.09 |
| Park-Ohio Holdings Corp. | PKOH | $427M | 16.76 | 1.07 | 6.2% | 8.52 |
| Peer Median | - | 22.55 | 1.11 | 3.9% | 9.30 | |