Manitowoc (MTW) Financials

$10.90 -0.03 (-0.23%)

As of 09:36 AM Eastern

Annual Income Statements for Manitowoc

This table shows Manitowoc's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	56	39	-124
Consolidated Net Income / (Loss)	56	39	-124
Net Income / (Loss) Continuing Operations	56	39	-124
Total Pre-Tax Income	12	44	-120
Total Operating Income	52	92	-93
Total Gross Profit	375	425	365
Total Revenue	2,178	2,228	2,033
Operating Revenue	2,178	2,228	2,033
Total Cost of Revenue	1,803	1,803	1,668
Operating Cost of Revenue	1,803	1,803	1,668
Total Operating Expenses	323	333	458
Selling, General & Admin Expense	316	328	281
Amortization Expense	2.90	3.20	3.10
Impairment Charge	0.00	0.00	172
Restructuring Charge	4.60	1.30	1.50
Total Other Income / (Expense), net	-40	-48	-27
Interest Expense	38	34	32
Other Income / (Expense), net	-1.80	-14	4.40
Income Tax Expense	-44	5.00	3.40
Basic Earnings per Share	$1.58	$1.12	($3.51)
Weighted Average Basic Shares Outstanding	35.13M	35.10M	35.09M
Diluted Earnings per Share	$1.56	$1.09	($3.51)
Weighted Average Diluted Shares Outstanding	35.13M	35.10M	35.09M
Weighted Average Basic & Diluted Shares Outstanding	35.13M	35.10M	35.09M

This table shows Manitowoc's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	57	-7.00	1.60	4.50	-7.90	10	20	17	-144	2.30
Consolidated Net Income / (Loss)	57	-7.00	1.60	4.50	-7.90	10	20	17	-144	2.30
Net Income / (Loss) Continuing Operations	57	-7.00	1.60	4.50	-7.90	10	20	17	-144	2.30
Total Pre-Tax Income	9.40	-7.30	3.20	6.40	-1.90	10	15	21	-140	2.00
Total Operating Income	16	7.50	13	15	9.80	18	34	30	-137	7.60
Total Gross Profit	95	88	100	93	99	97	123	106	117	74
Total Revenue	596	525	562	495	596	521	603	508	622	455
Operating Revenue	596	525	562	495	596	521	603	508	622	455
Total Cost of Revenue	501	437	462	403	497	424	480	402	505	380
Operating Cost of Revenue	501	437	462	403	497	424	480	402	505	380
Total Operating Expenses	79	80	87	77	89	79	89	76	253	67
Selling, General & Admin Expense	77	79	84	76	88	77	88	75	79	66
Amortization Expense	0.70	0.70	0.80	0.70	0.80	0.70	0.70	1.00	0.70	0.80
Restructuring Charge	1.20	0.50	2.30	0.60	0.30	0.70	0.30	0.00	1.00	0.10
Total Other Income / (Expense), net	-6.80	-15	-9.70	-8.80	-12	-7.60	-19	-9.50	-3.30	-5.60
Interest Expense	9.90	9.60	9.60	9.20	8.40	8.40	9.00	8.10	8.30	8.00
Other Income / (Expense), net	3.10	-5.20	-0.10	0.40	-3.30	0.80	-10	-1.40	5.00	2.40
Income Tax Expense	-47	-0.30	1.60	1.90	6.00	0.00	-5.20	4.20	4.30	-0.30
Basic Earnings per Share	$1.60	($0.20)	$0.05	$0.13	($0.23)	$0.30	$0.58	$0.47	($4.10)	$0.07
Weighted Average Basic Shares Outstanding	35.13M	35.12M	35.37M	35.27M	35.10M	35.08M	35.08M	35.12M	35.09M	35.18M
Diluted Earnings per Share	$1.60	($0.20)	$0.04	$0.12	($0.23)	$0.29	$0.57	$0.46	($4.09)	$0.07
Weighted Average Diluted Shares Outstanding	35.13M	35.12M	35.74M	36.06M	35.10M	35.79M	35.65M	35.75M	35.09M	35.37M
Weighted Average Basic & Diluted Shares Outstanding	35.13M	35.13M	35.12M	35.54M	35.10M	35.09M	35.05M	35.14M	35.09M	35.18M

This table details how cash moves in and out of Manitowoc's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	14	-30	-11
Net Cash From Operating Activities	49	63	77
Net Cash From Continuing Operating Activities	49	63	77
Net Income / (Loss) Continuing Operations	56	39	-124
Consolidated Net Income / (Loss)	56	39	-124
Depreciation Expense	60	57	61
Amortization Expense	4.30	4.50	4.50
Non-Cash Adjustments To Reconcile Net Income	12	21	177
Changes in Operating Assets and Liabilities, net	-83	-58	-42
Net Cash From Investing Activities	-40	-72	-58
Net Cash From Continuing Investing Activities	-40	-72	-58
Purchase of Property, Plant & Equipment	-46	-77	-62
Acquisitions	0.00	0.00	2.30
Sale of Property, Plant & Equipment	4.80	5.60	1.50
Other Investing Activities, net	0.50	0.00	0.00
Net Cash From Financing Activities	6.70	-21	-30
Net Cash From Continuing Financing Activities	6.70	-21	-30
Repayment of Debt	-328	-16	-27
Repurchase of Common Equity	-5.70	-5.50	-3.00
Issuance of Debt	341	0.00	0.00
Other Financing Activities, net	0.00	0.30	0.10
Effect of Exchange Rate Changes	-1.90	0.20	0.00
Cash Interest Paid	37	34	31
Cash Income Taxes Paid	13	10	7.30

This table details how cash moves in and out of Manitowoc's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	25	-15	6.60	-2.90	-5.60	14	-31	-7.90	22	0.10
Net Cash From Operating Activities	112	-44	11	-31	40	26	-19	15	77	-6.20
Net Cash From Continuing Operating Activities	112	-44	11	-31	40	26	-19	15	77	-6.20
Net Income / (Loss) Continuing Operations	57	-7.00	1.60	4.50	-7.90	10	20	17	-144	2.30
Consolidated Net Income / (Loss)	57	-7.00	1.60	4.50	-7.90	10	20	17	-144	2.30
Depreciation Expense	16	15	15	15	15	14	14	14	14	15
Amortization Expense	1.10	1.00	1.20	1.00	1.10	1.00	1.10	1.30	1.10	1.10
Non-Cash Adjustments To Reconcile Net Income	3.00	3.10	2.00	3.90	3.70	2.60	11	3.10	165	2.40
Changes in Operating Assets and Liabilities, net	36	-56	-8.40	-55	28	-1.40	-65	-19	41	-27
Net Cash From Investing Activities	-11	-7.50	-9.60	-12	-17	-23	-23	-8.60	-30	-15
Net Cash From Continuing Investing Activities	-11	-7.50	-9.60	-12	-17	-23	-23	-8.60	-30	-15
Purchase of Property, Plant & Equipment	-11	-9.30	-13	-12	-18	-24	-26	-11	-30	-15
Sale of Property, Plant & Equipment	-0.50	1.80	3.30	0.20	0.30	0.20	3.10	2.00	-	0.10
Net Cash From Financing Activities	-74	35	5.50	40	-29	12	11	-15	-26	22
Net Cash From Continuing Financing Activities	-74	35	5.50	40	-29	12	11	-15	-26	22
Repayment of Debt	-15	-317	-36	40	-6.20	1.20	0.70	-12	-25	22
Issuance of Debt	-59	352	-	-	-23	11	-	-	-	-
Effect of Exchange Rate Changes	-1.70	0.60	-0.30	-0.50	0.60	-0.60	-0.20	0.40	0.60	-1.00
Cash Interest Paid	-2.00	20	16	2.10	15	2.40	16	1.30	15	1.10
Cash Income Taxes Paid	5.20	3.80	2.10	1.80	4.00	2.50	1.90	1.70	1.20	3.40

This table presents Manitowoc's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,660	1,707	1,616
Total Current Assets	959	1,033	999
Cash & Equivalents	48	34	64
Note & Lease Receivable	0.00	0.00	11
Accounts Receivable	260	279	266
Inventories, net	609	667	612
Other Current Assets	41	53	45
Plant, Property, & Equipment, net	346	366	335
Total Noncurrent Assets	355	308	282
Goodwill	78	80	80
Intangible Assets	119	126	127
Other Noncurrent Operating Assets	159	102	75
Total Liabilities & Shareholders' Equity	1,660	1,707	1,616
Total Liabilities	1,020	1,103	1,078
Total Current Liabilities	474	563	548
Short-Term Debt	13	13	6.10
Accounts Payable	389	457	446
Accrued Expenses	37	47	49
Current Deferred Revenue	18	19	22
Other Current Liabilities	17	26	25
Total Noncurrent Liabilities	546	540	530
Long-Term Debt	377	359	380
Noncurrent Deferred Revenue	18	24	16
Noncurrent Deferred & Payable Income Tax Liabilities	2.10	7.50	4.90
Noncurrent Employee Benefit Liabilities	52	61	60
Other Noncurrent Operating Liabilities	97	88	70
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	640	603	538
Total Preferred & Common Equity	640	603	538
Preferred Stock	0.00	0.00	0.00
Total Common Equity	640	603	538
Common Stock	616	614	607
Retained Earnings	199	144	104
Treasury Stock	-67	-67	-66
Accumulated Other Comprehensive Income / (Loss)	-108	-86	-108

This table presents Manitowoc's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,777	1,748	1,781	1,692	1,701	1,691	1,722
Total Current Assets	1,104	1,093	1,119	1,053	1,069	1,079	968
Cash & Equivalents	23	38	32	40	26	57	43
Note & Lease Receivable	0.00	4.70	5.70	6.60	8.70	9.40	11
Accounts Receivable	273	257	290	253	275	251	210
Inventories, net	770	759	748	720	727	721	672
Other Current Assets	39	33	44	34	32	42	32
Plant, Property, & Equipment, net	366	356	358	349	342	332	313
Total Noncurrent Assets	307	300	304	290	290	280	441
Goodwill	80	79	79	78	79	80	245
Intangible Assets	124	122	123	124	126	127	128
Other Noncurrent Operating Assets	103	99	102	88	85	74	68
Total Liabilities & Shareholders' Equity	1,777	1,748	1,781	1,692	1,701	1,691	1,722
Total Liabilities	1,169	1,156	1,185	1,119	1,122	1,138	1,091
Total Current Liabilities	561	579	632	589	585	618	531
Short-Term Debt	41	21	43	30	6.70	7.90	8.30
Accounts Payable	446	482	509	463	492	518	425
Accrued Expenses	39	39	41	48	45	47	48
Current Deferred Revenue	18	18	20	24	20	24	28
Other Current Liabilities	19	19	19	24	20	21	21
Total Noncurrent Liabilities	608	577	552	531	537	521	560
Long-Term Debt	427	406	373	369	381	370	404
Noncurrent Deferred Revenue	21	20	21	18	14	15	16
Noncurrent Deferred & Payable Income Tax Liabilities	7.60	7.40	7.40	4.90	5.00	4.90	6.30
Noncurrent Employee Benefit Liabilities	57	57	60	64	63	62	77
Other Noncurrent Operating Liabilities	96	87	91	75	75	70	57
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	608	592	596	573	579	553	631
Total Preferred & Common Equity	608	592	596	573	579	553	631
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	608	592	596	573	579	553	631
Common Stock	613	611	609	610	608	606	604
Retained Earnings	143	150	148	151	141	121	248
Treasury Stock	-67	-67	-62	-67	-68	-66	-65
Accumulated Other Comprehensive Income / (Loss)	-81	-101	-99	-121	-102	-108	-157

This table displays calculated financial ratios and metrics derived from Manitowoc's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-2.24%	9.61%	18.15%
EBITDA Growth	-17.89%	692.34%	-124.89%
EBIT Growth	-35.98%	188.15%	-292.61%
NOPAT Growth	201.47%	225.88%	-317.64%
Net Income Growth	42.35%	131.72%	-1,223.64%
EPS Growth	43.12%	131.05%	-1,232.26%
Operating Cash Flow Growth	-21.90%	-18.08%	0.92%
Free Cash Flow Firm Growth	392,081.81%	-100.07%	150.58%
Invested Capital Growth	4.39%	9.55%	-13.60%
Revenue Q/Q Growth	0.01%	-1.14%	6.49%
EBITDA Q/Q Growth	13.73%	17,300.00%	-120.94%
EBIT Q/Q Growth	34.41%	230.38%	-294.73%
NOPAT Q/Q Growth	124.73%	317.19%	-225.85%
Net Income Q/Q Growth	734.09%	140.41%	-831.36%
EPS Q/Q Growth	677.78%	139.35%	-816.33%
Operating Cash Flow Q/Q Growth	310.26%	-37.38%	911.84%
Free Cash Flow Firm Q/Q Growth	118.39%	-100.17%	161.78%
Invested Capital Q/Q Growth	-6.62%	0.99%	-14.12%
Profitability Metrics	-	-	-
Gross Margin	17.22%	19.09%	17.93%
EBITDA Margin	5.25%	6.25%	-1.16%
Operating Margin	2.38%	4.15%	-4.58%
EBIT Margin	2.30%	3.51%	-4.36%
Profit (Net Income) Margin	2.56%	1.76%	-6.08%
Tax Burden Percent	476.92%	88.69%	102.83%
Interest Burden Percent	23.40%	56.59%	135.67%
Effective Tax Rate	-376.92%	11.31%	0.00%
Return on Invested Capital (ROIC)	25.69%	9.11%	-7.03%
ROIC Less NNEP Spread (ROIC-NNEP)	-30.57%	-3.87%	-24.94%
Return on Net Nonoperating Assets (RNNOA)	-16.71%	-2.23%	-13.57%
Return on Equity (ROE)	8.98%	6.87%	-20.60%
Cash Return on Invested Capital (CROIC)	21.40%	-0.01%	7.57%
Operating Return on Assets (OROA)	2.97%	4.70%	-5.23%
Return on Assets (ROA)	3.31%	2.36%	-7.29%
Return on Common Equity (ROCE)	8.98%	6.87%	-20.60%
Return on Equity Simple (ROE_SIMPLE)	8.72%	6.50%	-22.98%
Net Operating Profit after Tax (NOPAT)	247	82	-65
NOPAT Margin	11.34%	3.68%	-3.20%
Net Nonoperating Expense Percent (NNEP)	56.26%	12.98%	17.92%
Return On Investment Capital (ROIC_SIMPLE)	23.98%	8.40%	-7.05%
Cost of Revenue to Revenue	82.78%	80.91%	82.07%
SG&A Expenses to Revenue	14.49%	14.74%	13.83%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.84%	14.94%	22.51%
Earnings before Interest and Taxes (EBIT)	50	78	-89
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	114	139	-24
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.50	0.97	0.60
Price to Tangible Book Value (P/TBV)	0.72	1.47	0.97
Price to Revenue (P/Rev)	0.15	0.26	0.16
Price to Earnings (P/E)	5.75	14.94	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	17.40%	6.69%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.67	0.98	0.75
Enterprise Value to Revenue (EV/Rev)	0.30	0.41	0.32
Enterprise Value to EBITDA (EV/EBITDA)	5.80	6.63	0.00
Enterprise Value to EBIT (EV/EBIT)	13.26	11.82	0.00
Enterprise Value to NOPAT (EV/NOPAT)	2.68	11.27	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	13.47	14.66	8.37
Enterprise Value to Free Cash Flow (EV/FCFF)	3.22	0.00	9.18
Leverage & Solvency	-	-	-
Debt to Equity	0.61	0.62	0.72
Long-Term Debt to Equity	0.59	0.59	0.71
Financial Leverage	0.55	0.58	0.54
Leverage Ratio	2.71	2.91	2.83
Compound Leverage Factor	0.63	1.65	3.83
Debt to Total Capital	37.87%	38.15%	41.76%
Short-Term Debt to Total Capital	1.27%	1.37%	0.66%
Long-Term Debt to Total Capital	36.60%	36.77%	41.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	62.13%	61.85%	58.24%
Debt to EBITDA	3.41	2.67	-16.41
Net Debt to EBITDA	2.99	2.43	-13.67
Long-Term Debt to EBITDA	3.30	2.58	-16.15
Debt to NOPAT	1.58	4.54	-5.92
Net Debt to NOPAT	1.39	4.12	-4.93
Long-Term Debt to NOPAT	1.53	4.38	-5.83
Altman Z-Score	2.12	2.22	1.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.02	1.83	1.82
Quick Ratio	0.65	0.56	0.62
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	206	-0.05	70
Operating Cash Flow to CapEx	120.29%	87.74%	127.53%
Free Cash Flow to Firm to Interest Expense	5.37	0.00	2.22
Operating Cash Flow to Interest Expense	1.28	1.86	2.43
Operating Cash Flow Less CapEx to Interest Expense	0.22	-0.26	0.53
Efficiency Ratios	-	-	-
Asset Turnover	1.29	1.34	1.20
Accounts Receivable Turnover	8.08	8.17	8.09
Inventory Turnover	2.83	2.82	2.81
Fixed Asset Turnover	6.12	6.35	5.86
Accounts Payable Turnover	4.26	3.99	3.88
Days Sales Outstanding (DSO)	45.17	44.65	45.11
Days Inventory Outstanding (DIO)	129.15	129.43	130.06
Days Payable Outstanding (DPO)	85.71	91.50	94.07
Cash Conversion Cycle (CCC)	88.61	82.58	81.10
Capital & Investment Metrics	-	-	-
Invested Capital	982	941	859
Invested Capital Turnover	2.26	2.48	2.19
Increase / (Decrease) in Invested Capital	41	82	-135
Enterprise Value (EV)	663	923	643
Market Capitalization	321	586	322
Book Value per Share	$18.22	$17.20	$15.29
Tangible Book Value per Share	$12.63	$11.35	$9.41
Total Capital	1,030	975	923
Total Debt	390	372	386
Total Long-Term Debt	377	359	380
Net Debt	342	338	321
Capital Expenditures (CapEx)	41	72	60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	450	449	392
Debt-free Net Working Capital (DFNWC)	498	483	457
Net Working Capital (NWC)	485	470	451
Net Nonoperating Expense (NNE)	191	43	59
Net Nonoperating Obligations (NNO)	342	338	321
Total Depreciation and Amortization (D&A)	64	61	65
Debt-free, Cash-free Net Working Capital to Revenue	20.65%	20.14%	19.31%
Debt-free Net Working Capital to Revenue	22.85%	21.69%	22.47%
Net Working Capital to Revenue	22.25%	21.08%	22.17%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.58	$1.12	($3.51)
Adjusted Weighted Average Basic Shares Outstanding	35.13M	35.10M	35.09M
Adjusted Diluted Earnings per Share	$1.56	$1.09	($3.51)
Adjusted Weighted Average Diluted Shares Outstanding	35.13M	35.10M	35.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.13M	35.10M	35.09M
Normalized Net Operating Profit after Tax (NOPAT)	39	83	56
Normalized NOPAT Margin	1.81%	3.73%	2.77%
Pre Tax Income Margin	0.54%	1.98%	-5.91%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.31	2.30	-2.80
NOPAT to Interest Expense	6.45	2.42	-2.06
EBIT Less CapEx to Interest Expense	0.24	0.19	-4.71
NOPAT Less CapEx to Interest Expense	5.38	0.30	-3.97
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	10.22%	14.03%	-2.43%

This table displays calculated financial ratios and metrics derived from Manitowoc's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.03%	0.75%	-6.75%	-2.60%	-4.15%	14.56%	21.24%	10.74%	24.87%	12.41%
EBITDA Growth	61.61%	-45.67%	-27.23%	-28.86%	119.31%	30.86%	20.55%	28.28%	-688.83%	53.29%
EBIT Growth	196.92%	-87.77%	-46.67%	-45.83%	104.94%	88.00%	50.94%	69.41%	-5,157.69%	66.67%
NOPAT Growth	1,324.45%	-70.83%	-86.08%	-55.60%	107.18%	105.95%	34.12%	323.56%	-7,683.33%	71.04%
Net Income Growth	817.72%	-167.31%	-92.08%	-72.73%	94.52%	352.17%	33.77%	432.26%	-3,902.78%	1,250.00%
EPS Growth	795.65%	-168.97%	-92.98%	-73.91%	94.38%	314.29%	35.71%	411.11%	-4,444.44%	800.00%
Operating Cash Flow Growth	182.41%	-265.78%	159.46%	-298.70%	-48.58%	524.19%	-18,600.00%	175.00%	855.56%	-133.70%
Free Cash Flow Firm Growth	175.08%	-232.93%	-131.60%	-163.77%	-289.51%	155.22%	165.09%	171.62%	123.71%	81.15%
Invested Capital Growth	4.39%	12.89%	4.36%	12.13%	9.55%	-6.84%	-6.28%	-12.55%	-13.60%	19.78%
Revenue Q/Q Growth	13.57%	-6.64%	13.53%	-16.90%	14.38%	-13.59%	18.59%	-18.23%	36.71%	-8.55%
EBITDA Q/Q Growth	98.90%	-36.36%	-8.63%	39.73%	-33.13%	-14.76%	-10.68%	137.93%	-553.13%	-21.47%
EBIT Q/Q Growth	739.13%	-82.03%	-17.95%	140.00%	-65.43%	-21.67%	-16.67%	121.90%	-1,415.00%	-37.11%
NOPAT Q/Q Growth	1,761.28%	-18.60%	-39.65%	55.79%	-61.89%	-61.14%	92.44%	125.19%	-1,193.25%	-74.70%
Net Income Q/Q Growth	910.00%	-537.50%	-64.44%	156.96%	-175.96%	-48.51%	22.42%	111.45%	-6,365.22%	-84.77%
EPS Q/Q Growth	900.00%	-600.00%	-66.67%	152.17%	-179.31%	-49.12%	23.91%	111.25%	-5,942.86%	-83.33%
Operating Cash Flow Q/Q Growth	357.80%	-496.36%	135.95%	-176.88%	51.33%	242.16%	-220.13%	-80.10%	1,348.39%	-6,300.00%
Free Cash Flow Firm Q/Q Growth	149.12%	-232.42%	63.75%	-26.85%	-186.97%	-20.97%	-26.86%	276.98%	125.34%	6.85%
Invested Capital Q/Q Growth	-6.62%	7.13%	0.22%	4.11%	0.99%	-0.97%	7.69%	1.71%	-14.12%	-0.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.97%	16.69%	17.74%	18.68%	16.63%	18.58%	20.40%	20.91%	18.74%	16.34%
EBITDA Margin	6.07%	3.47%	5.09%	6.32%	3.76%	6.43%	6.52%	8.66%	-18.66%	5.63%
Operating Margin	2.72%	1.43%	2.30%	3.07%	1.64%	3.46%	5.71%	5.94%	-21.96%	1.67%
EBIT Margin	3.24%	0.44%	2.28%	3.15%	1.09%	3.61%	3.98%	5.67%	-21.16%	2.20%
Profit (Net Income) Margin	9.51%	-1.33%	0.28%	0.91%	-1.33%	2.00%	3.35%	3.25%	-23.18%	0.51%
Tax Burden Percent	603.19%	95.89%	50.00%	70.31%	415.79%	100.00%	134.67%	79.71%	103.08%	115.00%
Interest Burden Percent	48.70%	-317.39%	25.00%	41.03%	-29.23%	55.32%	62.50%	71.88%	106.31%	20.00%
Effective Tax Rate	-503.19%	0.00%	50.00%	29.69%	0.00%	0.00%	-34.67%	20.29%	0.00%	-15.00%
Return on Invested Capital (ROIC)	37.13%	2.20%	2.59%	5.16%	2.85%	8.06%	17.29%	10.53%	-33.72%	4.00%
ROIC Less NNEP Spread (ROIC-NNEP)	25.07%	-0.85%	1.30%	3.40%	-1.63%	5.97%	9.95%	8.23%	-48.59%	1.68%
Return on Net Nonoperating Assets (RNNOA)	13.71%	-0.58%	0.84%	2.09%	-0.94%	3.61%	5.75%	4.46%	-26.44%	0.73%
Return on Equity (ROE)	50.84%	1.62%	3.43%	7.25%	1.91%	11.67%	23.04%	14.99%	-60.15%	4.73%
Cash Return on Invested Capital (CROIC)	21.40%	-112.81%	-1.50%	-3.84%	-0.01%	3.17%	1.85%	7.38%	7.57%	-12.37%
Operating Return on Assets (OROA)	4.19%	0.55%	2.87%	4.02%	1.46%	4.77%	5.04%	6.77%	-25.36%	2.39%
Return on Assets (ROA)	12.31%	-1.67%	0.36%	1.16%	-1.78%	2.64%	4.24%	3.88%	-27.79%	0.55%
Return on Common Equity (ROCE)	50.84%	1.62%	3.43%	7.25%	1.91%	11.67%	23.04%	14.99%	-60.15%	4.73%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-1.45%	1.45%	4.56%	0.00%	-16.93%	-18.14%	-19.93%	0.00%	2.68%
Net Operating Profit after Tax (NOPAT)	98	5.25	6.45	11	6.86	18	46	24	-96	8.74
NOPAT Margin	16.40%	1.00%	1.15%	2.16%	1.15%	3.46%	7.69%	4.74%	-15.37%	1.92%
Net Nonoperating Expense Percent (NNEP)	12.07%	3.05%	1.29%	1.76%	4.48%	2.09%	7.34%	2.30%	14.87%	2.32%
Return On Investment Capital (ROIC_SIMPLE)	9.48%	-	-	-	0.70%	-	-	-	-10.35%	-
Cost of Revenue to Revenue	84.03%	83.31%	82.26%	81.32%	83.37%	81.42%	79.60%	79.09%	81.26%	83.66%
SG&A Expenses to Revenue	12.94%	15.03%	14.89%	15.35%	14.80%	14.86%	14.53%	14.77%	12.77%	14.47%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.26%	15.26%	15.44%	15.61%	14.99%	15.13%	14.70%	14.97%	40.70%	14.67%
Earnings before Interest and Taxes (EBIT)	19	2.30	13	16	6.50	19	24	29	-132	10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	36	18	29	31	22	34	39	44	-116	26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.50	0.56	0.69	0.83	0.97	0.92	1.14	1.08	0.60	0.43
Price to Tangible Book Value (P/TBV)	0.72	0.84	1.05	1.26	1.47	1.42	1.77	1.73	0.97	1.06
Price to Revenue (P/Rev)	0.15	0.16	0.19	0.22	0.26	0.23	0.30	0.29	0.16	0.14
Price to Earnings (P/E)	5.75	0.00	47.65	18.24	14.94	0.00	0.00	0.00	0.00	16.13
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	17.40%	0.00%	2.10%	5.48%	6.69%	0.00%	0.00%	0.00%	0.00%	6.20%
Enterprise Value to Invested Capital (EV/IC)	0.67	0.74	0.81	0.90	0.98	0.95	1.09	1.05	0.75	0.64
Enterprise Value to Revenue (EV/Rev)	0.30	0.36	0.37	0.40	0.41	0.39	0.47	0.44	0.32	0.34
Enterprise Value to EBITDA (EV/EBITDA)	5.80	7.78	6.90	6.96	6.63	1,107.79	0.00	0.00	0.00	5.72
Enterprise Value to EBIT (EV/EBIT)	13.26	21.02	14.89	13.56	11.82	0.00	0.00	0.00	0.00	14.11
Enterprise Value to NOPAT (EV/NOPAT)	2.68	0.00	30.10	12.50	11.27	0.00	0.00	0.00	0.00	12.41
Enterprise Value to Operating Cash Flow (EV/OCF)	13.47	0.00	17.19	51.75	14.66	8.81	15.03	10.62	8.37	84.46
Enterprise Value to Free Cash Flow (EV/FCFF)	3.22	0.00	0.00	0.00	0.00	28.90	56.88	13.32	9.18	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.61	0.77	0.72	0.70	0.62	0.70	0.67	0.68	0.72	0.65
Long-Term Debt to Equity	0.59	0.70	0.69	0.63	0.59	0.64	0.66	0.67	0.71	0.64
Financial Leverage	0.55	0.68	0.64	0.61	0.58	0.60	0.58	0.54	0.54	0.43
Leverage Ratio	2.71	2.94	2.94	3.02	2.91	2.84	2.81	2.87	2.83	2.74
Compound Leverage Factor	1.32	-9.33	0.74	1.24	-0.85	1.57	1.75	2.06	3.00	0.55
Debt to Total Capital	37.87%	43.47%	41.93%	41.06%	38.15%	41.04%	40.07%	40.57%	41.76%	39.50%
Short-Term Debt to Total Capital	1.27%	3.77%	2.10%	4.20%	1.37%	3.12%	0.69%	0.85%	0.66%	0.80%
Long-Term Debt to Total Capital	36.60%	39.70%	39.83%	36.86%	36.77%	37.92%	39.38%	39.72%	41.10%	38.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	62.13%	56.53%	58.07%	58.94%	61.85%	58.96%	59.93%	59.43%	58.24%	60.50%
Debt to EBITDA	3.41	4.65	3.69	3.28	2.67	498.50	-54.56	-27.35	-16.41	3.67
Net Debt to EBITDA	2.99	4.42	3.36	3.03	2.43	448.50	-50.92	-23.25	-13.67	3.29
Long-Term Debt to EBITDA	3.30	4.25	3.51	2.95	2.58	460.63	-53.62	-26.78	-16.15	3.60
Debt to NOPAT	1.58	-0.47	16.10	5.90	4.54	-10.57	-8.61	-6.71	-5.92	7.96
Net Debt to NOPAT	1.39	-0.44	14.67	5.45	4.12	-9.51	-8.03	-5.70	-4.93	7.14
Long-Term Debt to NOPAT	1.53	-0.43	15.30	5.29	4.38	-9.77	-8.46	-6.57	-5.83	7.80
Altman Z-Score	2.06	1.88	1.95	1.97	2.08	2.11	2.14	2.03	1.59	1.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.02	1.97	1.89	1.77	1.83	1.79	1.83	1.75	1.82	1.82
Quick Ratio	0.65	0.53	0.52	0.52	0.56	0.51	0.53	0.51	0.62	0.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	56	-115	-35	-95	-75	86	109	149	40	-156
Operating Cash Flow to CapEx	952.54%	-581.33%	114.58%	-255.00%	231.40%	112.39%	-81.86%	179.07%	258.00%	-41.61%
Free Cash Flow to Firm to Interest Expense	5.70	-11.96	-3.60	-10.36	-8.95	10.29	12.15	18.45	4.78	-19.56
Operating Cash Flow to Interest Expense	11.35	-4.54	1.15	-3.33	4.74	3.13	-2.06	1.90	9.33	-0.78
Operating Cash Flow Less CapEx to Interest Expense	10.16	-5.32	0.15	-4.63	2.69	0.35	-4.57	0.84	5.71	-2.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.29	1.26	1.26	1.28	1.34	1.32	1.26	1.19	1.20	1.09
Accounts Receivable Turnover	8.08	8.29	8.17	8.19	8.17	9.73	8.71	8.45	8.09	9.25
Inventory Turnover	2.83	2.42	2.40	2.46	2.82	2.60	2.53	2.49	2.81	2.55
Fixed Asset Turnover	6.12	6.09	6.23	6.43	6.35	6.81	6.59	6.19	5.86	6.21
Accounts Payable Turnover	4.26	3.96	3.67	3.51	3.99	4.08	3.73	3.46	3.88	3.72
Days Sales Outstanding (DSO)	45.17	44.03	44.67	44.57	44.65	37.51	41.88	43.20	45.11	39.46
Days Inventory Outstanding (DIO)	129.15	151.14	151.94	148.64	129.43	140.29	144.19	146.74	130.06	143.04
Days Payable Outstanding (DPO)	85.71	92.15	99.56	103.99	91.50	89.50	97.88	105.55	94.07	98.05
Cash Conversion Cycle (CCC)	88.61	103.02	97.06	89.22	82.58	88.30	88.19	84.39	81.10	84.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	982	1,052	982	980	941	932	941	874	859	1,000
Invested Capital Turnover	2.26	2.20	2.26	2.39	2.48	2.33	2.25	2.22	2.19	2.08
Increase / (Decrease) in Invested Capital	41	120	41	106	82	-68	-63	-125	-135	165
Enterprise Value (EV)	663	782	799	880	923	886	1,023	921	643	642
Market Capitalization	321	338	410	496	586	527	662	600	322	273
Book Value per Share	$18.22	$17.30	$16.67	$16.90	$17.20	$16.35	$16.49	$15.76	$15.29	$17.93
Tangible Book Value per Share	$12.63	$11.50	$11.01	$11.17	$11.35	$10.59	$10.65	$9.87	$9.41	$7.33
Total Capital	1,030	1,075	1,020	1,011	975	972	967	930	923	1,043
Total Debt	390	467	428	415	372	399	387	377	386	412
Total Long-Term Debt	377	427	406	373	359	369	381	370	380	404
Net Debt	342	444	390	384	338	359	362	321	321	369
Capital Expenditures (CapEx)	12	7.50	9.60	12	17	23	23	8.60	30	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	450	561	497	498	449	455	465	413	392	403
Debt-free Net Working Capital (DFNWC)	498	583	535	530	483	495	491	470	457	445
Net Working Capital (NWC)	485	543	514	487	470	465	485	462	451	437
Net Nonoperating Expense (NNE)	41	12	4.85	6.19	15	7.60	26	7.57	49	6.44
Net Nonoperating Obligations (NNO)	342	444	390	384	338	359	362	321	321	369
Total Depreciation and Amortization (D&A)	17	16	16	16	16	15	15	15	16	16
Debt-free, Cash-free Net Working Capital to Revenue	20.65%	25.74%	22.87%	22.50%	20.14%	20.19%	21.27%	19.85%	19.31%	21.10%
Debt-free Net Working Capital to Revenue	22.85%	26.79%	24.62%	23.92%	21.69%	21.96%	22.46%	22.56%	22.47%	23.33%
Net Working Capital to Revenue	22.25%	24.93%	23.64%	22.00%	21.08%	20.62%	22.15%	22.18%	22.17%	22.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.60	($0.20)	$0.05	$0.13	($0.23)	$0.30	$0.58	$0.47	($4.10)	$0.07
Adjusted Weighted Average Basic Shares Outstanding	35.13M	35.12M	35.37M	35.27M	35.10M	35.08M	35.08M	35.12M	35.09M	35.18M
Adjusted Diluted Earnings per Share	$1.60	($0.20)	$0.04	$0.12	($0.23)	$0.29	$0.57	$0.46	($4.09)	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	35.13M	35.12M	35.74M	36.06M	35.10M	35.79M	35.65M	35.75M	35.09M	35.37M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.13M	35.13M	35.12M	35.54M	35.10M	35.09M	35.05M	35.14M	35.09M	35.18M
Normalized Net Operating Profit after Tax (NOPAT)	12	5.60	7.60	11	7.07	13	24	24	-95	5.39
Normalized NOPAT Margin	2.04%	1.07%	1.35%	2.24%	1.19%	2.51%	4.03%	4.74%	-15.26%	1.19%
Pre Tax Income Margin	1.58%	-1.39%	0.57%	1.29%	-0.32%	2.00%	2.49%	4.07%	-22.49%	0.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.95	0.24	1.33	1.70	0.77	2.24	2.67	3.56	-15.84	1.25
NOPAT to Interest Expense	9.87	0.55	0.67	1.16	0.82	2.14	5.15	2.97	-11.51	1.09
EBIT Less CapEx to Interest Expense	0.76	-0.54	0.33	0.39	-1.27	-0.55	0.16	2.49	-19.46	-0.61
NOPAT Less CapEx to Interest Expense	8.68	-0.23	-0.33	-0.14	-1.23	-0.64	2.64	1.91	-15.13	-0.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	10.22%	-64.77%	66.28%	7.35%	14.03%	-6.80%	-6.28%	-5.90%	-2.43%	11.24%

Frequently Asked Questions About Manitowoc's Financials

When does Manitowoc's fiscal year end?

According to the most recent income statement we have on file, Manitowoc's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Manitowoc's net income changed over the last 2 years?

Manitowoc's net income appears to be on a downward trend, with a most recent value of $55.80 million in 2024, falling from -$123.60 million in 2022. The previous period was $39.20 million in 2023. See where experts think Manitowoc is headed by visiting Manitowoc's forecast page.

What is Manitowoc's operating income?

Manitowoc's total operating income in 2024 was $51.80 million, based on the following breakdown:

Total Gross Profit: $375 million
Total Operating Expenses: $323.20 million

How has Manitowoc revenue changed over the last 2 years?

Over the last 2 years, Manitowoc's total revenue changed from $2.03 billion in 2022 to $2.18 billion in 2024, a change of 7.2%.

How much debt does Manitowoc have?

Manitowoc's total liabilities were at $1.02 billion at the end of 2024, a 7.6% decrease from 2023, and a 5.4% decrease since 2022.

How much cash does Manitowoc have?

In the past 2 years, Manitowoc's cash and equivalents has ranged from $34.40 million in 2023 to $64.40 million in 2022, and is currently $48 million as of their latest financial filing in 2024.

How has Manitowoc's book value per share changed over the last 2 years?

Over the last 2 years, Manitowoc's book value per share changed from 15.29 in 2022 to 18.22 in 2024, a change of 19.2%.

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This page (NYSE:MTW) was last updated on 5/29/2025 by MarketBeat.com Staff

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Manitowoc (MTW) Financials

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Manitowoc (MTW) Financials

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