Manitowoc (MTW) Financials

$8.40 -0.06 (-0.65%)

As of 02:49 PM 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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-124	39	56
Consolidated Net Income / (Loss)	-124	39	56
Net Income / (Loss) Continuing Operations	-124	39	56
Total Pre-Tax Income	-120	44	12
Total Operating Income	-93	92	52
Total Gross Profit	365	425	375
Total Revenue	2,033	2,228	2,178
Operating Revenue	2,033	2,228	2,178
Total Cost of Revenue	1,668	1,803	1,803
Operating Cost of Revenue	1,668	1,803	1,803
Total Operating Expenses	458	333	323
Selling, General & Admin Expense	281	328	316
Amortization Expense	3.10	3.20	2.90
Impairment Charge	172	0.00	0.00
Restructuring Charge	1.50	1.30	4.60
Total Other Income / (Expense), net	-27	-48	-40
Interest Expense	32	34	38
Other Income / (Expense), net	4.40	-14	-1.80
Income Tax Expense	3.40	5.00	-44
Basic Earnings per Share	($3.51)	$1.12	$1.58
Weighted Average Basic Shares Outstanding	35.09M	35.10M	35.13M
Diluted Earnings per Share	($3.51)	$1.09	$1.56
Weighted Average Diluted Shares Outstanding	35.09M	35.10M	35.13M
Weighted Average Basic & Diluted Shares Outstanding	35.09M	35.10M	35.13M

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

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

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

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

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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,616	1,707	1,660
Total Current Assets	999	1,033	959
Cash & Equivalents	64	34	48
Note & Lease Receivable	11	0.00	0.00
Accounts Receivable	266	279	260
Inventories, net	612	667	609
Other Current Assets	45	53	41
Plant, Property, & Equipment, net	335	366	346
Total Noncurrent Assets	282	308	355
Goodwill	80	80	78
Intangible Assets	127	126	119
Other Noncurrent Operating Assets	75	102	159
Total Liabilities & Shareholders' Equity	1,616	1,707	1,660
Total Liabilities	1,078	1,103	1,020
Total Current Liabilities	548	563	474
Short-Term Debt	6.10	13	13
Accounts Payable	446	457	389
Accrued Expenses	49	47	37
Current Deferred Revenue	22	19	18
Other Current Liabilities	25	26	17
Total Noncurrent Liabilities	530	540	546
Long-Term Debt	380	359	377
Noncurrent Deferred Revenue	16	24	18
Noncurrent Deferred & Payable Income Tax Liabilities	4.90	7.50	2.10
Noncurrent Employee Benefit Liabilities	60	61	52
Other Noncurrent Operating Liabilities	70	88	97
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	538	603	640
Total Preferred & Common Equity	538	603	640
Preferred Stock	0.00	0.00	0.00
Total Common Equity	538	603	640
Common Stock	607	614	616
Retained Earnings	104	144	199
Treasury Stock	-66	-67	-67
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 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,722	1,691	1,701	1,692	1,781	1,748	1,777
Total Current Assets	968	1,079	1,069	1,053	1,119	1,093	1,104
Cash & Equivalents	43	57	26	40	32	38	23
Note & Lease Receivable	11	9.40	8.70	6.60	5.70	4.70	0.00
Accounts Receivable	210	251	275	253	290	257	273
Inventories, net	672	721	727	720	748	759	770
Other Current Assets	32	42	32	34	44	33	39
Plant, Property, & Equipment, net	313	332	342	349	358	356	366
Total Noncurrent Assets	441	280	290	290	304	300	307
Goodwill	245	80	79	78	79	79	80
Intangible Assets	128	127	126	124	123	122	124
Other Noncurrent Operating Assets	68	74	85	88	102	99	103
Total Liabilities & Shareholders' Equity	1,722	1,691	1,701	1,692	1,781	1,748	1,777
Total Liabilities	1,091	1,138	1,122	1,119	1,185	1,156	1,169
Total Current Liabilities	531	618	585	589	632	579	561
Short-Term Debt	8.30	7.90	6.70	30	43	21	41
Accounts Payable	425	518	492	463	509	482	446
Accrued Expenses	48	47	45	48	41	39	39
Current Deferred Revenue	28	24	20	24	20	18	18
Other Current Liabilities	21	21	20	24	19	19	19
Total Noncurrent Liabilities	560	521	537	531	552	577	608
Long-Term Debt	404	370	381	369	373	406	427
Noncurrent Deferred Revenue	16	15	14	18	21	20	21
Noncurrent Deferred & Payable Income Tax Liabilities	6.30	4.90	5.00	4.90	7.40	7.40	7.60
Noncurrent Employee Benefit Liabilities	77	62	63	64	60	57	57
Other Noncurrent Operating Liabilities	57	70	75	75	91	87	96
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	631	553	579	573	596	592	608
Total Preferred & Common Equity	631	553	579	573	596	592	608
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	631	553	579	573	596	592	608
Common Stock	604	606	608	610	609	611	613
Retained Earnings	248	121	141	151	148	150	143
Treasury Stock	-65	-66	-68	-67	-62	-67	-67
Accumulated Other Comprehensive Income / (Loss)	-157	-108	-102	-121	-99	-101	-81

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

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

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

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

Frequently Asked Questions About Manitowoc's Financials

When does Manitowoc's financial year end?

According to the most recent income statement we have on file, Manitowoc's fiscal year ends in December. Their fiscal 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 5/6/2025 by MarketBeat.com Staff

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Manitowoc (MTW) Financials

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Manitowoc (MTW) Financials

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