What is Manitowoc's operating income?

Manitowoc's total operating income in 2025 was $53.80 million, based on the following breakdown: Total Gross Profit: $404.70 million Total Operating Expenses: $350.90 million

Manitowoc (MTW) Financials

$12.79 +0.41 (+3.31%)

Closing price 07/10/2026 03:59 PM Eastern

Extended Trading

$12.78 -0.01 (-0.12%)

As of 07/10/2026 04:10 PM Eastern

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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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	66	-376	9.40	-67	47	-19	11	-124	39	56	7.20
Consolidated Net Income / (Loss)	66	-376	9.40	-67	47	-19	11	-124	39	56	7.20
Net Income / (Loss) Continuing Operations	-70	-369	10	-67	47	-19	11	-124	39	56	7.20
Total Pre-Tax Income	-111	-268	-40	-72	59	-2.00	17	-120	44	12	12
Total Operating Income	-12	-143	8.40	-19	108	39	47	-93	92	52	54
Total Gross Profit	332	253	282	328	344	255	307	365	425	375	405
Total Revenue	1,866	1,613	1,581	1,847	1,834	1,443	1,720	2,033	2,228	2,178	2,241
Operating Revenue	1,866	1,613	1,581	1,847	1,834	1,443	1,720	2,033	2,228	2,178	2,241
Total Cost of Revenue	1,534	1,360	1,299	1,519	1,490	1,189	1,413	1,668	1,803	1,803	1,836
Operating Cost of Revenue	1,534	1,360	1,299	1,519	1,490	1,189	1,413	1,668	1,803	1,803	1,836
Total Operating Expenses	345	396	274	347	236	216	261	458	333	323	351
Selling, General & Admin Expense	317	270	245	252	226	209	259	281	328	316	343
Amortization Expense	3.00	3.00	0.80	0.30	0.30	0.30	1.40	3.10	3.20	2.90	3.10
Restructuring Charge	9.40	23	27	13	9.80	7.00	-1.10	1.50	1.30	4.60	4.90
Total Other Income / (Expense), net	-99	-125	-48	-52	-49	-41	-29	-27	-48	-40	-41
Interest Expense	96	116	39	39	58	29	29	32	34	38	38
Other Income / (Expense), net	-2.80	-9.20	-8.70	-13	8.30	-12	-0.50	4.40	-14	-1.80	-3.70
Income Tax Expense	-41	101	-50	-4.80	12	17	6.10	3.40	5.00	-44	5.20
Basic Earnings per Share	$1.92	($10.91)	$0.26	($1.89)	$1.31	($0.55)	$0.32	($3.51)	$1.12	$1.58	$0.20
Weighted Average Basic Shares Outstanding	136.04M	34.44M	35.11M	35.51M	35.38M	34.58M	35.06M	35.09M	35.10M	35.13M	35.47M
Diluted Earnings per Share	$1.92	($10.91)	$0.26	($1.89)	$1.31	($0.55)	$0.31	($3.51)	$1.09	$1.56	$0.20
Weighted Average Diluted Shares Outstanding	136.04M	34.44M	35.11M	35.51M	35.38M	34.58M	35.06M	35.09M	35.10M	35.13M	35.47M
Weighted Average Basic & Diluted Shares Outstanding	136.04M	34.44M	35.11M	35.51M	35.38M	34.58M	35.06M	35.09M	35.10M	35.13M	35.47M

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	10	-7.90	4.50	1.60	-7.00	57	-6.30	1.50	5.00	7.00	-6.00
Consolidated Net Income / (Loss)	10	-7.90	4.50	1.60	-7.00	57	-6.30	1.50	5.00	7.00	-6.00
Net Income / (Loss) Continuing Operations	10	-7.90	4.50	1.60	-7.00	57	-6.30	1.50	5.00	7.00	-6.00
Total Pre-Tax Income	10	-1.90	6.40	3.20	-7.30	9.40	-8.80	1.30	7.50	12	-9.30
Total Operating Income	18	9.80	15	13	7.50	16	5.30	9.80	19	20	3.10
Total Gross Profit	97	99	93	100	88	95	90	99	103	113	95
Total Revenue	521	596	495	562	525	596	471	540	553	677	495
Operating Revenue	521	596	495	562	525	596	471	540	553	677	495
Total Cost of Revenue	424	497	403	462	437	501	381	441	451	564	399
Operating Cost of Revenue	424	497	403	462	437	501	381	441	451	564	399
Total Operating Expenses	79	89	77	87	80	79	85	89	84	93	92
Selling, General & Admin Expense	77	88	76	84	79	77	83	87	83	89	91
Amortization Expense	0.70	0.80	0.70	0.80	0.70	0.70	0.80	0.80	0.70	0.80	0.80
Restructuring Charge	0.70	0.30	0.60	2.30	0.50	1.20	0.80	1.00	0.00	3.10	0.80
Total Other Income / (Expense), net	-7.60	-12	-8.80	-9.70	-15	-6.80	-14	-8.50	-11	-7.80	-12
Interest Expense	8.40	8.40	9.20	9.60	9.60	9.90	8.70	9.20	9.80	10	8.90
Other Income / (Expense), net	0.80	-3.30	0.40	-0.10	-5.20	3.10	-5.40	0.70	-1.20	2.20	-3.50
Income Tax Expense	0.00	6.00	1.90	1.60	-0.30	-47	-2.50	-0.20	2.50	5.40	-3.30
Basic Earnings per Share	$0.30	($0.23)	$0.13	$0.05	($0.20)	$1.60	($0.18)	$0.04	$0.14	$0.20	($0.17)
Weighted Average Basic Shares Outstanding	35.08M	35.10M	35.27M	35.37M	35.12M	35.13M	35.27M	35.45M	35.47M	35.47M	35.67M
Diluted Earnings per Share	$0.29	($0.23)	$0.12	$0.04	($0.20)	$1.60	($0.18)	$0.04	$0.14	$0.20	($0.17)
Weighted Average Diluted Shares Outstanding	35.79M	35.10M	36.06M	35.74M	35.12M	35.13M	35.27M	35.82M	36.26M	35.47M	35.67M
Weighted Average Basic & Diluted Shares Outstanding	35.09M	35.10M	35.54M	35.12M	35.13M	35.13M	35.44M	35.46M	35.47M	35.47M	35.91M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-4.60	7.40	47	20	59	-71	-249	-11	-30	14	29
Net Cash From Operating Activities	101	-626	-325	-513	-53	-35	76	77	63	49	22
Net Cash From Continuing Operating Activities	-26	-576	-324	-513	-53	-35	76	77	63	49	22
Net Income / (Loss) Continuing Operations	-70	-369	10	-67	47	-19	11	-124	39	56	7.20
Consolidated Net Income / (Loss)	66	-376	9.40	-67	47	-19	11	-124	39	56	7.20
Depreciation Expense	51	46	38	36	35	37	46	61	57	60	60
Amortization Expense	7.20	5.20	2.70	2.10	1.80	1.80	2.90	4.50	4.50	4.30	4.60
Non-Cash Adjustments To Reconcile Net Income	23	113	8.70	91	39	10	13	177	21	12	8.90
Changes in Operating Assets and Liabilities, net	-36	-371	-384	-575	-176	-65	3.70	-42	-58	-83	-58
Net Cash From Investing Activities	14	414	381	534	108	-26	-226	-58	-72	-40	-50
Net Cash From Continuing Investing Activities	-45	417	381	534	108	-26	-226	-58	-72	-40	-50
Purchase of Property, Plant & Equipment	-55	-46	-29	-32	-35	-26	-40	-62	-77	-46	-50
Sale of Property, Plant & Equipment	7.30	8.40	7.00	13	17	0.50	0.30	1.50	5.60	4.80	0.90
Other Investing Activities, net	2.60	454	403	553	126	0.00	0.00	0.00	0.00	0.50	0.00
Net Cash From Financing Activities	-113	219	-9.70	-1.30	3.70	-15	101	-30	-21	6.70	55
Net Cash From Continuing Financing Activities	-113	219	-9.70	-1.30	3.70	-15	-99	-30	-21	6.70	55
Repayment of Debt	-115	-1,406	-16	-3.80	-429	-2.90	-105	-27	-16	-328	-80
Repurchase of Common Equity	-	-	-	0.00	-7.40	-12	0.00	-3.00	-5.50	-5.70	0.00
Issuance of Debt	5.10	272	0.20	0.00	440	-	-	0.00	0.00	341	135
Other Financing Activities, net	7.90	-8.30	5.70	2.50	0.40	0.10	5.80	0.10	0.30	0.00	0.00
Effect of Exchange Rate Changes	-6.60	-	-	-	0.20	5.10	-	0.00	0.20	-1.90	1.80
Cash Interest Paid	99	50	37	37	36	29	29	31	34	37	38

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	14	-5.60	-2.90	6.60	-15	25	-6.60	-8.50	6.80	38	1.10
Net Cash From Operating Activities	26	40	-31	11	-44	112	13	-68	-14	91	27
Net Cash From Continuing Operating Activities	26	40	-31	11	-44	112	13	-68	-14	91	27
Net Income / (Loss) Continuing Operations	10	-7.90	4.50	1.60	-7.00	57	-6.30	1.50	5.00	7.00	-6.00
Consolidated Net Income / (Loss)	10	-7.90	4.50	1.60	-7.00	57	-6.30	1.50	5.00	7.00	-6.00
Depreciation Expense	14	15	15	15	15	16	15	15	15	16	14
Amortization Expense	1.00	1.10	1.00	1.20	1.00	1.10	1.20	1.10	1.10	1.20	1.20
Non-Cash Adjustments To Reconcile Net Income	2.60	3.70	3.90	2.00	3.10	3.00	2.70	3.10	0.80	2.30	2.60
Changes in Operating Assets and Liabilities, net	-1.40	28	-55	-8.40	-56	36	0.50	-88	-36	65	16
Net Cash From Investing Activities	-23	-17	-12	-9.60	-7.50	-11	-24	-5.90	-7.60	-12	-7.90
Net Cash From Continuing Investing Activities	-23	-17	-12	-9.60	-7.50	-11	-24	-5.90	-7.60	-12	-7.90
Purchase of Property, Plant & Equipment	-24	-18	-12	-13	-9.30	-11	-24	-6.00	-7.90	-13	-8.20
Sale of Property, Plant & Equipment	0.20	0.30	0.20	3.30	1.80	-0.50	0.10	0.10	0.30	0.40	0.30
Net Cash From Financing Activities	12	-29	40	5.50	35	-74	3.20	64	29	-41	-18
Net Cash From Continuing Financing Activities	12	-29	40	5.50	35	-74	3.20	64	29	-41	-18
Repayment of Debt	1.20	-6.20	-2.90	-36	-317	-15	-15	-2.00	8.70	-69	-18
Repurchase of Common Equity	-	-	-	-5.70	-	-	0.00	-	-	-	0.00
Issuance of Debt	11	-23	43	-	352	-59	18	66	20	28	0.00
Effect of Exchange Rate Changes	-0.60	0.60	-0.50	-0.30	0.60	-1.70	0.90	1.30	-0.40	-	-0.90
Cash Interest Paid	2.40	15	2.10	16	20	-2.00	1.50	17	2.70	16	2.10
Cash Income Taxes Paid	2.50	4.00	1.80	2.10	3.80	5.20	2.40	1.50	1.50	-	1.90

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,563	1,518	1,608	1,542	1,618	1,604	1,775	1,616	1,707	1,660	1,818
Total Current Assets	1,042	750	790	843	872	866	942	999	1,033	959	1,097
Cash & Equivalents	32	70	123	140	199	129	75	64	34	48	77
Accounts Receivable	156	134	179	172	168	215	236	266	279	260	281
Inventories, net	489	429	401	453	461	473	577	612	667	609	684
Other Current Assets	46	54	57	58	26	36	37	45	53	41	54
Plant, Property, & Equipment, net	411	309	304	289	290	294	359	335	366	346	343
Total Noncurrent Assets	2,110	459	514	410	455	443	475	282	308	355	379
Goodwill	307	300	321	233	233	235	250	80	80	78	80
Intangible Assets	119	114	122	118	116	122	140	127	126	119	125
Other Noncurrent Operating Assets	183	46	70	59	107	87	85	75	102	159	174
Total Liabilities & Shareholders' Equity	3,563	1,518	1,608	1,542	1,618	1,604	1,775	1,616	1,707	1,660	1,818
Total Liabilities	2,720	927	930	941	972	960	1,113	1,078	1,103	1,020	1,123
Total Current Liabilities	884	413	453	497	441	436	521	548	563	474	492
Short-Term Debt	67	12	8.20	6.40	3.80	11	7.30	6.10	13	13	14
Accounts Payable	436	321	376	425	341	329	413	446	457	389	402
Accrued Expenses	36	37	36	39	47	50	49	49	47	37	36
Current Deferred Revenue	10	21	13	9.60	26	26	29	22	19	18	18
Other Current Liabilities	22	22	21	16	23	20	23	25	26	17	22
Total Noncurrent Liabilities	1,837	515	477	444	531	524	592	530	540	546	631
Long-Term Debt	1,330	269	267	267	308	300	400	380	359	377	447
Noncurrent Deferred Revenue	30	20	21	25	30	32	23	16	24	18	19
Noncurrent Deferred & Payable Income Tax Liabilities	26	37	13	5.70	5.50	5.90	6.50	4.90	7.50	2.10	2.30
Noncurrent Employee Benefit Liabilities	144	124	114	104	103	103	82	60	61	52	48
Other Noncurrent Operating Liabilities	87	64	62	42	84	82	81	70	88	97	115
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	842	591	678	601	646	644	662	538	603	640	695
Total Preferred & Common Equity	842	591	678	601	646	644	662	538	603	640	695
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	842	591	678	601	646	644	662	538	603	640	695
Common Stock	559	569	578	585	593	596	603	607	614	616	617
Retained Earnings	562	247	257	190	236	217	228	104	144	199	207
Treasury Stock	-72	-63	-60	-57	-62	-71	-66	-66	-67	-67	-63
Accumulated Other Comprehensive Income / (Loss)	-208	-163	-97	-117	-121	-98	-102	-108	-86	-108	-65

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	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,722	1,691	1,701	1,692	1,781	1,748	1,777	1,764	1,884	1,901	1,843
Total Current Assets	968	1,079	1,069	1,053	1,119	1,093	1,104	1,055	1,163	1,182	1,133
Cash & Equivalents	43	57	26	40	32	38	23	41	33	40	78
Accounts Receivable	210	251	275	253	290	257	273	268	290	280	265
Inventories, net	672	721	727	720	748	759	770	702	783	818	744
Other Current Assets	32	42	32	34	44	33	39	44	58	45	45
Plant, Property, & Equipment, net	313	332	342	349	358	356	366	344	353	346	335
Total Noncurrent Assets	441	280	290	290	304	300	307	365	368	372	375
Goodwill	245	80	79	78	79	79	80	78	79	79	80
Intangible Assets	128	127	126	124	123	122	124	122	127	126	123
Other Noncurrent Operating Assets	68	74	85	88	102	99	103	165	162	167	172
Total Liabilities & Shareholders' Equity	1,722	1,691	1,701	1,692	1,781	1,748	1,777	1,764	1,884	1,901	1,843
Total Liabilities	1,091	1,138	1,122	1,119	1,185	1,156	1,169	1,112	1,203	1,218	1,157
Total Current Liabilities	531	618	585	589	632	579	561	555	560	552	540
Short-Term Debt	8.30	7.90	6.70	30	43	21	41	18	11	21	11
Accounts Payable	425	518	492	463	509	482	446	456	469	458	450
Accrued Expenses	48	47	45	48	41	39	39	38	39	36	35
Current Deferred Revenue	28	24	20	24	20	18	18	25	23	17	22
Other Current Liabilities	21	21	20	24	19	19	19	18	19	20	21
Total Noncurrent Liabilities	560	521	537	531	552	577	608	557	642	666	617
Long-Term Debt	404	370	381	369	373	406	427	381	460	480	437
Noncurrent Deferred Revenue	16	15	14	18	21	20	21	17	16	18	19
Noncurrent Deferred & Payable Income Tax Liabilities	6.30	4.90	5.00	4.90	7.40	7.40	7.60	2.20	2.30	2.60	3.10
Noncurrent Employee Benefit Liabilities	77	62	63	64	60	57	57	53	55	53	47
Other Noncurrent Operating Liabilities	57	70	75	75	91	87	96	104	110	113	111
Commitments & Contingencies	0.00	0.00	0.00	0.00	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	652	681	683	686
Total Preferred & Common Equity	631	553	579	573	596	592	608	652	681	683	686
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	631	553	579	573	596	592	608	652	681	683	686
Common Stock	604	606	608	610	609	611	613	612	614	615	611
Retained Earnings	248	121	141	151	148	150	143	193	195	200	201
Treasury Stock	-65	-66	-68	-67	-62	-67	-67	-63	-63	-63	-58
Accumulated Other Comprehensive Income / (Loss)	-157	-108	-102	-121	-99	-101	-81	-90	-64	-69	-67

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	136,589,611.00	138,772,087.00	140,734,391.00	35,585,949.00	35,349,046.00	34,558,608.00	35,041,379.00	-	-	-	35,470,942.00
DEI Adjusted Shares Outstanding	168,646,356.00	34,693,022.00	35,183,598.00	35,585,949.00	35,349,046.00	34,558,608.00	35,041,379.00	-	-	-	35,470,942.00
DEI Earnings Per Adjusted Shares Outstanding	0.39	-10.83	0.27	-1.89	1.32	-0.55	0.31	-	-	-	0.20
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-19.07%	-13.54%	-1.97%	16.79%	-0.69%	-21.30%	19.18%	18.15%	9.61%	-2.24%	2.89%
EBITDA Growth	-72.12%	-338.03%	139.94%	-86.17%	2,641.07%	-56.94%	42.81%	-124.89%	692.34%	-17.89%	0.26%
EBIT Growth	-115.53%	-901.32%	99.80%	-10,766.67%	457.98%	-76.78%	69.74%	-292.61%	188.15%	-35.98%	0.20%
NOPAT Growth	-111.58%	-1,053.23%	105.87%	-329.76%	733.74%	-68.44%	10.70%	-317.64%	225.88%	201.47%	-87.36%
Net Income Growth	-77.55%	-673.74%	102.50%	-813.83%	169.45%	-140.99%	157.59%	-1,223.64%	131.72%	42.35%	-87.10%
EPS Growth	-77.55%	-673.74%	102.38%	-826.92%	169.31%	-141.98%	156.36%	-1,232.26%	131.05%	43.12%	-87.18%
Operating Cash Flow Growth	24.44%	-721.23%	48.12%	-57.89%	89.61%	34.15%	317.09%	0.92%	-18.08%	-21.90%	-54.88%
Free Cash Flow Firm Growth	2,406.89%	-93.48%	-126.03%	481.84%	-25.52%	-165.47%	-247.51%	150.58%	-100.07%	392,081.81%	-131.67%
Invested Capital Growth	-56.36%	-18.53%	3.40%	-11.49%	3.36%	8.82%	20.41%	-13.60%	9.55%	4.39%	9.81%
Revenue Q/Q Growth	401.53%	-26.16%	6.99%	1.86%	0.26%	-5.86%	4.08%	6.49%	-1.14%	0.01%	3.76%
EBITDA Q/Q Growth	142.30%	-8.80%	211.54%	-92.66%	274.39%	-30.86%	-7.27%	-120.94%	17,300.00%	13.73%	2.60%
EBIT Q/Q Growth	87.03%	-2.91%	99.00%	-186.02%	2,892.31%	-53.20%	-23.46%	-294.73%	230.38%	34.41%	6.60%
NOPAT Q/Q Growth	89.42%	3.31%	161.76%	-137.70%	537.04%	11.03%	-15.69%	-225.85%	317.19%	124.73%	-89.64%
Net Income Q/Q Growth	-66.68%	-26.70%	115.85%	-244.30%	167.63%	-217.18%	-32.93%	-831.36%	140.41%	734.09%	-87.35%
EPS Q/Q Growth	-66.68%	-26.70%	115.38%	-244.27%	167.18%	-217.02%	-31.11%	-816.33%	139.35%	677.78%	-87.50%
Operating Cash Flow Q/Q Growth	-31.19%	-1,042.70%	52.97%	-13.67%	81.65%	-147.63%	-26.66%	911.84%	-37.38%	310.26%	-48.97%
Free Cash Flow Firm Q/Q Growth	703.97%	-93.62%	-214.08%	29.95%	3,855.69%	-104.45%	82.67%	161.78%	-100.17%	118.39%	-131.04%
Invested Capital Q/Q Growth	-56.85%	-9.76%	-6.41%	-14.55%	-12.88%	0.00%	19.07%	-14.12%	0.99%	-6.62%	-5.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.81%	15.70%	17.83%	17.77%	18.76%	17.65%	17.86%	17.93%	19.09%	17.22%	18.06%
EBITDA Margin	2.28%	-6.29%	2.56%	0.30%	8.37%	4.58%	5.49%	-1.16%	6.25%	5.25%	5.11%
Operating Margin	-0.66%	-8.86%	0.53%	-1.05%	5.91%	2.67%	2.70%	-4.58%	4.15%	2.38%	2.40%
EBIT Margin	-0.81%	-9.44%	-0.02%	-1.77%	6.36%	1.88%	2.67%	-4.36%	3.51%	2.30%	2.24%
Profit (Net Income) Margin	3.51%	-23.30%	0.59%	-3.63%	2.54%	-1.32%	0.64%	-6.08%	1.76%	2.56%	0.32%
Tax Burden Percent	-59.01%	140.17%	-23.80%	93.58%	78.98%	955.00%	64.33%	102.83%	88.69%	476.92%	58.06%
Interest Burden Percent	730.26%	176.15%	13,166.67%	219.94%	50.56%	-7.38%	37.17%	135.67%	56.59%	23.40%	24.75%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	21.02%	0.00%	35.67%	0.00%	11.31%	-376.92%	41.94%
Return on Invested Capital (ROIC)	-0.54%	-11.21%	0.72%	-1.73%	11.47%	3.41%	3.29%	-7.03%	9.11%	25.69%	3.03%
ROIC Less NNEP Spread (ROIC-NNEP)	8.89%	-167.06%	2.66%	-39.37%	-20.29%	-27.85%	-4.07%	-24.94%	-3.87%	-30.57%	-3.59%
Return on Net Nonoperating Assets (RNNOA)	8.40%	-41.25%	0.76%	-8.77%	-4.00%	-6.37%	-1.60%	-13.57%	-2.23%	-16.71%	-1.95%
Return on Equity (ROE)	7.86%	-52.46%	1.48%	-10.49%	7.47%	-2.96%	1.68%	-20.60%	6.87%	8.98%	1.08%
Cash Return on Invested Capital (CROIC)	77.94%	9.21%	-2.63%	10.46%	8.16%	-5.03%	-15.23%	7.57%	-0.01%	21.40%	-6.32%
Operating Return on Assets (OROA)	-0.41%	-5.99%	-0.02%	-2.07%	7.39%	1.68%	2.72%	-5.23%	4.70%	2.97%	2.88%
Return on Assets (ROA)	1.78%	-14.79%	0.60%	-4.26%	2.95%	-1.19%	0.65%	-7.29%	2.36%	3.31%	0.41%
Return on Common Equity (ROCE)	7.86%	-52.46%	1.48%	-10.49%	7.47%	-2.96%	1.68%	-20.60%	6.87%	8.98%	1.08%
Return on Equity Simple (ROE_SIMPLE)	7.78%	-63.64%	1.39%	-11.16%	7.21%	-2.97%	1.66%	-22.98%	6.50%	8.72%	0.00%
Net Operating Profit after Tax (NOPAT)	-8.68	-100	5.88	-14	86	27	30	-65	82	247	31
NOPAT Margin	-0.47%	-6.21%	0.37%	-0.73%	4.67%	1.87%	1.74%	-3.20%	3.68%	11.34%	1.39%
Net Nonoperating Expense Percent (NNEP)	-9.43%	155.85%	-1.94%	37.65%	31.76%	31.26%	7.36%	17.92%	12.98%	56.26%	6.63%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-7.05%	8.40%	23.98%	2.70%
Cost of Revenue to Revenue	82.19%	84.30%	82.17%	82.23%	81.24%	82.35%	82.14%	82.07%	80.91%	82.78%	81.94%
SG&A Expenses to Revenue	16.99%	16.76%	15.52%	13.62%	12.30%	14.47%	15.03%	13.83%	14.74%	14.49%	15.30%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.47%	24.57%	17.30%	18.81%	12.85%	14.97%	15.16%	22.51%	14.94%	14.84%	15.66%
Earnings before Interest and Taxes (EBIT)	-15	-152	-0.30	-33	117	27	46	-89	78	50	50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	43	-101	41	5.60	154	66	94	-24	139	114	115
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.49	1.41	2.04	0.87	0.96	0.71	0.98	0.60	0.97	0.50	0.61
Price to Tangible Book Value (P/TBV)	5.03	4.69	5.91	2.10	2.08	1.60	2.39	0.97	1.47	0.72	0.87
Price to Revenue (P/Rev)	1.12	0.51	0.88	0.28	0.34	0.32	0.38	0.16	0.26	0.15	0.19
Price to Earnings (P/E)	32.01	0.00	147.25	0.00	13.27	0.00	59.22	0.00	14.94	5.75	59.07
Dividend Yield	2.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.12%	0.00%	0.68%	0.00%	7.53%	0.00%	1.69%	0.00%	6.69%	17.40%	1.69%
Enterprise Value to Invested Capital (EV/IC)	3.52	1.30	1.85	0.90	0.96	0.78	0.99	0.75	0.98	0.67	0.75
Enterprise Value to Revenue (EV/Rev)	1.86	0.65	0.97	0.36	0.40	0.44	0.57	0.32	0.41	0.30	0.36
Enterprise Value to EBITDA (EV/EBITDA)	81.29	0.00	37.93	117.57	4.77	9.72	10.42	0.00	6.63	5.80	7.06
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	6.27	23.70	21.37	0.00	11.82	13.26	16.14
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	261.23	0.00	8.54	23.77	32.87	0.00	11.27	2.68	25.89
Enterprise Value to Operating Cash Flow (EV/OCF)	34.35	0.00	0.00	0.00	0.00	0.00	12.90	8.37	14.66	13.47	36.43
Enterprise Value to Free Cash Flow (EV/FCFF)	2.74	12.65	0.00	8.05	12.01	0.00	0.00	9.18	0.00	3.22	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.66	0.48	0.41	0.45	0.48	0.48	0.61	0.72	0.62	0.61	0.66
Long-Term Debt to Equity	1.58	0.46	0.39	0.44	0.48	0.47	0.60	0.71	0.59	0.59	0.64
Financial Leverage	0.94	0.25	0.29	0.22	0.20	0.23	0.39	0.54	0.58	0.55	0.54
Leverage Ratio	4.43	3.55	2.47	2.46	2.53	2.50	2.59	2.83	2.91	2.71	2.60
Compound Leverage Factor	32.34	6.25	324.56	5.42	1.28	-0.18	0.96	3.83	1.65	0.63	0.64
Debt to Total Capital	62.40%	32.28%	28.86%	31.23%	32.59%	32.58%	38.07%	41.76%	38.15%	37.87%	39.86%
Short-Term Debt to Total Capital	3.00%	1.42%	0.86%	0.73%	0.40%	1.10%	0.68%	0.66%	1.37%	1.27%	1.19%
Long-Term Debt to Total Capital	59.40%	30.86%	28.00%	30.50%	32.19%	31.48%	37.39%	41.10%	36.77%	36.60%	38.68%
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%	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%	0.00%
Common Equity to Total Capital	37.60%	67.72%	71.14%	68.77%	67.41%	67.42%	61.93%	58.24%	61.85%	62.13%	60.14%
Debt to EBITDA	32.81	-2.78	6.79	48.77	2.03	4.70	4.31	-16.41	2.67	3.41	4.02
Net Debt to EBITDA	32.07	-2.09	3.75	23.71	0.74	2.76	3.51	-13.67	2.43	2.99	3.35
Long-Term Debt to EBITDA	31.23	-2.65	6.59	47.63	2.01	4.54	4.24	-16.15	2.58	3.30	3.90
Debt to NOPAT	-161.01	-2.81	46.75	-20.21	3.65	11.51	13.61	-5.92	4.54	1.58	14.75
Net Debt to NOPAT	-157.38	-2.11	25.83	-9.83	1.32	6.74	11.09	-4.93	4.12	1.39	12.28
Long-Term Debt to NOPAT	-153.27	-2.69	45.36	-19.74	3.60	11.12	13.37	-5.83	4.38	1.53	14.31
Altman Z-Score	1.25	1.76	2.35	1.90	2.28	1.75	1.87	1.68	2.22	2.12	2.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.18	1.82	1.74	1.70	1.98	1.99	1.81	1.82	1.83	2.02	2.23
Quick Ratio	0.29	0.65	0.74	0.67	0.87	0.82	0.63	0.62	0.56	0.65	0.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,263	82	-21	82	61	-40	-139	70	-0.05	206	-65
Operating Cash Flow to CapEx	211.76%	-1,669.87%	-1,483.56%	-2,743.32%	-297.77%	-136.05%	190.02%	127.53%	87.74%	120.29%	44.85%
Free Cash Flow to Firm to Interest Expense	13.18	0.71	-0.55	2.09	1.06	-1.37	-4.80	2.22	0.00	5.37	-1.73
Operating Cash Flow to Interest Expense	1.05	-5.40	-8.29	-13.12	-0.92	-1.21	2.64	2.43	1.86	1.28	0.59
Operating Cash Flow Less CapEx to Interest Expense	0.56	-5.73	-8.85	-13.60	-1.23	-2.09	1.25	0.53	-0.26	0.22	-0.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.64	1.01	1.17	1.16	0.90	1.02	1.20	1.34	1.29	1.29
Accounts Receivable Turnover	9.74	11.12	10.08	10.52	10.79	7.53	7.63	8.09	8.17	8.08	8.28
Inventory Turnover	2.71	2.96	3.13	3.56	3.26	2.54	2.69	2.81	2.82	2.83	2.84
Fixed Asset Turnover	3.73	4.48	5.16	6.23	6.34	4.94	5.27	5.86	6.35	6.12	6.50
Accounts Payable Turnover	2.47	3.59	3.73	3.79	3.89	3.55	3.80	3.88	3.99	4.26	4.64
Days Sales Outstanding (DSO)	37.47	32.82	36.19	34.69	33.84	48.48	47.87	45.11	44.65	45.17	44.11
Days Inventory Outstanding (DIO)	134.92	123.23	116.52	102.59	112.01	143.47	135.60	130.06	129.43	129.15	128.54
Days Payable Outstanding (DPO)	148.01	101.66	97.89	96.26	93.82	102.90	95.94	94.07	91.50	85.71	78.62
Cash Conversion Cycle (CCC)	24.38	54.39	54.82	41.02	52.03	89.05	87.53	81.10	82.58	88.61	94.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	985	802	829	734	759	826	994	859	941	982	1,079
Invested Capital Turnover	1.15	1.81	1.94	2.36	2.46	1.82	1.89	2.19	2.48	2.26	2.17
Increase / (Decrease) in Invested Capital	-1,271	-182	27	-95	25	67	169	-135	82	41	96
Enterprise Value (EV)	3,463	1,041	1,536	658	732	642	983	643	923	663	809
Market Capitalization	2,097	830	1,384	526	619	460	651	322	586	321	425
Book Value per Share	$6.17	$4.26	$4.81	$16.90	$18.27	$18.62	$18.90	$15.29	$17.20	$18.22	$19.60
Tangible Book Value per Share	$3.05	$1.27	$1.66	$7.04	$8.40	$8.30	$7.79	$9.41	$11.35	$12.63	$13.83
Total Capital	2,240	872	952	874	958	954	1,070	923	975	1,030	1,156
Total Debt	1,398	282	275	273	312	311	407	386	372	390	461
Total Long-Term Debt	1,330	269	267	267	308	300	400	380	359	377	447
Net Debt	1,366	212	152	133	113	182	332	321	338	342	384
Capital Expenditures (CapEx)	48	38	22	19	18	26	40	60	72	41	50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	194	279	223	212	236	312	353	392	449	450	541
Debt-free Net Working Capital (DFNWC)	225	349	346	353	435	441	428	457	483	498	619
Net Working Capital (NWC)	158	337	337	346	432	430	421	451	470	485	605
Net Nonoperating Expense (NNE)	-74	276	-3.52	54	39	46	19	59	43	191	24
Net Nonoperating Obligations (NNO)	142	212	152	133	113	182	332	321	338	342	384
Total Depreciation and Amortization (D&A)	58	51	41	38	37	39	48	65	61	64	65
Debt-free, Cash-free Net Working Capital to Revenue	10.38%	17.32%	14.08%	11.50%	12.87%	21.62%	20.50%	19.31%	20.14%	20.65%	24.16%
Debt-free Net Working Capital to Revenue	12.07%	21.65%	21.86%	19.10%	23.73%	30.53%	24.89%	22.47%	21.69%	22.85%	27.61%
Net Working Capital to Revenue	8.47%	20.89%	21.34%	18.75%	23.53%	29.80%	24.46%	22.17%	21.08%	22.25%	27.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.38	($10.92)	$0.26	($1.89)	$1.31	($0.55)	$0.32	($3.51)	$1.12	$1.58	$0.20
Adjusted Weighted Average Basic Shares Outstanding	168.95M	35.05M	35.35M	35.60M	35.38M	34.58M	35.06M	35.09M	35.10M	35.13M	35.47M
Adjusted Diluted Earnings per Share	$0.37	($10.92)	$0.26	($1.89)	$1.31	($0.55)	$0.31	($3.51)	$1.09	$1.56	$0.20
Adjusted Weighted Average Diluted Shares Outstanding	168.95M	35.05M	35.35M	35.60M	35.38M	34.58M	35.06M	35.09M	35.10M	35.13M	35.47M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	168.95M	35.05M	35.35M	35.60M	35.38M	34.58M	35.06M	35.09M	35.10M	35.13M	35.47M
Normalized Net Operating Profit after Tax (NOPAT)	8.61	-16	25	53	93	32	30	56	83	39	34
Normalized NOPAT Margin	0.46%	-0.99%	1.58%	2.89%	5.09%	2.21%	1.77%	2.77%	3.73%	1.81%	1.52%
Pre Tax Income Margin	-5.95%	-16.62%	-2.50%	-3.88%	3.22%	-0.14%	0.99%	-5.91%	1.98%	0.54%	0.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.16	-1.31	-0.01	-0.83	2.02	0.93	1.59	-2.80	2.30	1.31	1.33
NOPAT to Interest Expense	-0.09	-0.86	0.15	-0.35	1.48	0.93	1.04	-2.06	2.42	6.45	0.83
EBIT Less CapEx to Interest Expense	-0.66	-1.64	-0.57	-1.31	1.71	0.04	0.20	-4.71	0.19	0.24	0.02
NOPAT Less CapEx to Interest Expense	-0.59	-1.19	-0.41	-0.82	1.17	0.04	-0.35	-3.97	0.30	5.38	-0.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	16.64%	0.00%	0.00%	0.00%	15.88%	-62.83%	0.00%	-2.43%	14.03%	10.22%	0.00%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	35,443,463.00	35,459,107.00	35,470,942.00	35,470,942.00	35,909,584.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	35,443,463.00	35,459,107.00	35,470,942.00	35,470,942.00	35,909,584.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-0.18	0.04	0.14	0.20	-0.17
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.56%	-4.15%	-2.60%	-6.75%	0.75%	0.03%	-4.89%	-4.02%	5.45%	13.61%	5.03%
EBITDA Growth	30.86%	119.31%	-28.86%	-27.23%	-45.67%	61.61%	-49.20%	-8.04%	82.97%	8.01%	-6.29%
EBIT Growth	88.00%	104.94%	-45.83%	-46.67%	-87.77%	196.92%	-100.64%	-17.97%	652.17%	16.06%	-300.00%
NOPAT Growth	105.95%	107.18%	-55.60%	-86.08%	-70.83%	1,324.45%	-65.29%	75.31%	134.92%	-88.33%	-41.51%
Net Income Growth	352.17%	94.52%	-72.73%	-92.08%	-167.31%	817.72%	-240.00%	-6.25%	171.43%	-87.65%	4.76%
EPS Growth	314.29%	94.38%	-73.91%	-92.98%	-168.97%	795.65%	-250.00%	0.00%	170.00%	-87.50%	5.56%
Operating Cash Flow Growth	524.19%	-48.58%	-298.70%	159.46%	-265.78%	182.41%	142.16%	-715.45%	67.66%	-18.95%	112.40%
Free Cash Flow Firm Growth	155.22%	-289.51%	-163.77%	-131.60%	-232.93%	175.08%	72.94%	-263.80%	31.07%	-250.66%	-68.79%
Invested Capital Growth	-6.84%	9.55%	12.13%	4.36%	12.89%	4.39%	3.01%	13.95%	8.70%	9.81%	4.53%
Revenue Q/Q Growth	-13.59%	14.38%	-16.90%	13.53%	-6.64%	13.57%	-20.99%	14.57%	2.58%	22.35%	-26.95%
EBITDA Q/Q Growth	-14.76%	-33.13%	39.73%	-8.63%	-36.36%	98.90%	-56.08%	65.41%	26.62%	17.42%	-61.89%
EBIT Q/Q Growth	-21.67%	-65.43%	140.00%	-17.95%	-82.03%	739.13%	-100.52%	10,600.00%	64.76%	29.48%	-101.79%
NOPAT Q/Q Growth	-61.14%	-61.89%	55.79%	-39.65%	-18.60%	1,761.28%	-96.20%	204.79%	9.07%	-7.54%	-80.97%
Net Income Q/Q Growth	-48.51%	-175.96%	156.96%	-64.44%	-537.50%	910.00%	-111.11%	123.81%	233.33%	40.00%	-185.71%
EPS Q/Q Growth	-49.12%	-179.31%	152.17%	-66.67%	-600.00%	900.00%	-111.25%	122.22%	250.00%	42.86%	-185.00%
Operating Cash Flow Q/Q Growth	242.16%	51.33%	-176.88%	135.95%	-496.36%	357.80%	-88.52%	-624.81%	79.17%	746.10%	-69.92%
Free Cash Flow Firm Q/Q Growth	-20.97%	-186.97%	-26.85%	63.75%	-232.42%	149.12%	-145.71%	-387.37%	37.02%	-7.36%	48.79%
Invested Capital Q/Q Growth	-0.97%	0.99%	4.11%	0.22%	7.13%	-6.62%	2.74%	10.87%	2.19%	-5.66%	-2.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.58%	16.63%	18.68%	17.74%	16.69%	15.97%	19.07%	18.35%	18.54%	16.73%	19.27%
EBITDA Margin	6.43%	3.76%	6.32%	5.09%	3.47%	6.07%	3.38%	4.87%	6.02%	5.77%	3.01%
Operating Margin	3.46%	1.64%	3.07%	2.30%	1.43%	2.72%	1.13%	1.82%	3.34%	2.98%	0.63%
EBIT Margin	3.61%	1.09%	3.15%	2.28%	0.44%	3.24%	-0.02%	1.95%	3.13%	3.31%	-0.08%
Profit (Net Income) Margin	2.00%	-1.33%	0.91%	0.28%	-1.33%	9.51%	-1.34%	0.28%	0.90%	1.03%	-1.21%
Tax Burden Percent	100.00%	415.79%	70.31%	50.00%	95.89%	603.19%	71.59%	115.38%	66.67%	56.45%	64.52%
Interest Burden Percent	55.32%	-29.23%	41.03%	25.00%	-317.39%	48.70%	8,800.00%	12.38%	43.35%	55.36%	2,325.00%
Effective Tax Rate	0.00%	0.00%	29.69%	50.00%	0.00%	-503.19%	0.00%	-15.38%	33.33%	43.55%	0.00%
Return on Invested Capital (ROIC)	8.06%	2.85%	5.16%	2.59%	2.20%	37.13%	1.71%	4.25%	4.39%	3.66%	0.96%
ROIC Less NNEP Spread (ROIC-NNEP)	5.97%	-1.63%	3.40%	1.30%	-0.85%	25.07%	-0.99%	1.88%	2.76%	2.45%	-1.29%
Return on Net Nonoperating Assets (RNNOA)	3.61%	-0.94%	2.09%	0.84%	-0.58%	13.71%	-0.59%	1.22%	1.94%	1.33%	-0.70%
Return on Equity (ROE)	11.67%	1.91%	7.25%	3.43%	1.62%	50.84%	1.12%	5.47%	6.32%	4.99%	0.26%
Cash Return on Invested Capital (CROIC)	3.17%	-0.01%	-3.84%	-1.50%	-112.81%	21.40%	-0.02%	-10.46%	19.13%	-6.32%	-1.28%
Operating Return on Assets (OROA)	4.77%	1.46%	4.02%	2.87%	0.55%	4.19%	-0.03%	2.28%	3.67%	4.26%	-0.10%
Return on Assets (ROA)	2.64%	-1.78%	1.16%	0.36%	-1.67%	12.31%	-1.63%	0.33%	1.06%	1.33%	-1.52%
Return on Common Equity (ROCE)	11.67%	1.91%	7.25%	3.43%	1.62%	50.84%	1.12%	5.47%	6.32%	4.99%	0.26%
Return on Equity Simple (ROE_SIMPLE)	-16.93%	0.00%	4.56%	1.45%	-1.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	18	6.86	11	6.45	5.25	98	3.71	11	12	11	2.17
NOPAT Margin	3.46%	1.15%	2.16%	1.15%	1.00%	16.40%	0.79%	2.10%	2.23%	1.68%	0.44%
Net Nonoperating Expense Percent (NNEP)	2.09%	4.48%	1.76%	1.29%	3.05%	12.07%	2.70%	2.37%	1.62%	1.21%	2.25%
Return On Investment Capital (ROIC_SIMPLE)	-	0.70%	-	-	-	9.48%	0.35%	0.98%	1.04%	0.99%	0.19%
Cost of Revenue to Revenue	81.42%	83.37%	81.32%	82.26%	83.31%	84.03%	80.93%	81.65%	81.46%	83.27%	80.73%
SG&A Expenses to Revenue	14.86%	14.80%	15.35%	14.89%	15.03%	12.94%	17.60%	16.20%	15.07%	13.17%	18.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.13%	14.99%	15.61%	15.44%	15.26%	13.26%	17.94%	16.53%	15.20%	13.75%	18.64%
Earnings before Interest and Taxes (EBIT)	19	6.50	16	13	2.30	19	-0.10	11	17	22	-0.40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	34	22	31	29	18	36	16	26	33	39	15
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.92	0.97	0.83	0.69	0.56	0.50	0.46	0.63	0.52	0.61	0.60
Price to Tangible Book Value (P/TBV)	1.42	1.47	1.26	1.05	0.84	0.72	0.67	0.90	0.74	0.87	0.86
Price to Revenue (P/Rev)	0.23	0.26	0.22	0.19	0.16	0.15	0.14	0.20	0.16	0.19	0.18
Price to Earnings (P/E)	0.00	14.94	18.24	47.65	0.00	5.75	6.71	9.49	6.24	59.07	55.10
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	6.69%	5.48%	2.10%	0.00%	17.40%	14.91%	10.54%	16.03%	1.69%	1.81%
Enterprise Value to Invested Capital (EV/IC)	0.95	0.98	0.90	0.81	0.74	0.67	0.65	0.77	0.71	0.75	0.74
Enterprise Value to Revenue (EV/Rev)	0.39	0.41	0.40	0.37	0.36	0.30	0.31	0.41	0.38	0.36	0.35
Enterprise Value to EBITDA (EV/EBITDA)	1,107.79	6.63	6.96	6.90	7.78	5.80	6.67	8.94	7.30	7.06	6.89
Enterprise Value to EBIT (EV/EBIT)	0.00	11.82	13.56	14.89	21.02	13.26	19.22	26.99	17.35	16.14	15.71
Enterprise Value to NOPAT (EV/NOPAT)	0.00	11.27	12.50	30.10	0.00	2.68	22.48	31.80	2.71	25.89	24.05
Enterprise Value to Operating Cash Flow (EV/OCF)	8.81	14.66	51.75	17.19	0.00	13.47	7.11	61.69	18.75	36.43	21.32
Enterprise Value to Free Cash Flow (EV/FCFF)	28.90	0.00	0.00	0.00	0.00	3.22	0.00	0.00	3.89	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.70	0.62	0.70	0.72	0.77	0.61	0.61	0.69	0.73	0.66	0.65
Long-Term Debt to Equity	0.64	0.59	0.63	0.69	0.70	0.59	0.59	0.67	0.70	0.64	0.64
Financial Leverage	0.60	0.58	0.61	0.64	0.68	0.55	0.59	0.65	0.70	0.54	0.54
Leverage Ratio	2.84	2.91	3.02	2.94	2.94	2.71	2.84	2.85	2.85	2.60	2.70
Compound Leverage Factor	1.57	-0.85	1.24	0.74	-9.33	1.32	250.01	0.35	1.24	1.44	62.70
Debt to Total Capital	41.04%	38.15%	41.06%	41.93%	43.47%	37.87%	37.98%	40.85%	42.30%	39.86%	39.48%
Short-Term Debt to Total Capital	3.12%	1.37%	4.20%	2.10%	3.77%	1.27%	1.68%	0.93%	1.73%	1.19%	0.95%
Long-Term Debt to Total Capital	37.92%	36.77%	36.86%	39.83%	39.70%	36.60%	36.30%	39.92%	40.56%	38.68%	38.52%
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%	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%	0.00%
Common Equity to Total Capital	58.96%	61.85%	58.94%	58.07%	56.53%	62.13%	62.02%	59.15%	57.70%	60.14%	60.52%
Debt to EBITDA	498.50	2.67	3.28	3.69	4.65	3.41	4.03	4.87	4.48	4.02	3.94
Net Debt to EBITDA	448.50	2.43	3.03	3.36	4.42	2.99	3.62	4.53	4.12	3.35	3.25
Long-Term Debt to EBITDA	460.63	2.58	2.95	3.51	4.25	3.30	3.86	4.76	4.30	3.90	3.84
Debt to NOPAT	-10.57	4.54	5.90	16.10	-0.47	1.58	13.60	17.32	1.66	14.75	13.76
Net Debt to NOPAT	-9.51	4.12	5.45	14.67	-0.44	1.39	12.19	16.11	1.53	12.28	11.35
Long-Term Debt to NOPAT	-9.77	4.38	5.29	15.30	-0.43	1.53	13.00	16.93	1.59	14.31	13.43
Altman Z-Score	2.11	2.08	1.97	1.95	1.88	2.06	1.88	1.89	1.89	2.06	1.98
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.79	1.83	1.77	1.89	1.97	2.02	1.90	2.07	2.14	2.23	2.10
Quick Ratio	0.51	0.56	0.52	0.52	0.53	0.65	0.56	0.58	0.58	0.73	0.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	86	-75	-95	-35	-115	56	-26	-126	-79	-85	-44
Operating Cash Flow to CapEx	112.39%	231.40%	-255.00%	114.58%	-581.33%	952.54%	54.66%	-1,147.46%	-185.53%	734.68%	346.84%
Free Cash Flow to Firm to Interest Expense	10.29	-8.95	-10.36	-3.60	-11.96	5.70	-2.96	-13.66	-8.08	-8.50	-4.89
Operating Cash Flow to Interest Expense	3.13	4.74	-3.33	1.15	-4.54	11.35	1.48	-7.36	-1.44	9.11	3.08
Operating Cash Flow Less CapEx to Interest Expense	0.35	2.69	-4.63	0.15	-5.32	10.16	-1.23	-8.00	-2.21	7.87	2.19
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.32	1.34	1.28	1.26	1.26	1.29	1.22	1.17	1.17	1.29	1.26
Accounts Receivable Turnover	9.73	8.17	8.19	8.17	8.29	8.08	7.72	7.79	7.82	8.28	8.50
Inventory Turnover	2.60	2.82	2.46	2.40	2.42	2.83	2.46	2.28	2.23	2.84	2.57
Fixed Asset Turnover	6.81	6.35	6.43	6.23	6.09	6.12	6.14	6.02	6.06	6.50	6.67
Accounts Payable Turnover	4.08	3.99	3.51	3.67	3.96	4.26	3.69	3.70	3.92	4.64	4.09
Days Sales Outstanding (DSO)	37.51	44.65	44.57	44.67	44.03	45.17	47.30	46.83	46.65	44.11	42.93
Days Inventory Outstanding (DIO)	140.29	129.43	148.64	151.94	151.14	129.15	148.51	159.92	163.38	128.54	142.29
Days Payable Outstanding (DPO)	89.50	91.50	103.99	99.56	92.15	85.71	98.90	98.63	93.03	78.62	89.20
Cash Conversion Cycle (CCC)	88.30	82.58	89.22	97.06	103.02	88.61	96.91	108.12	117.00	94.03	96.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	932	941	980	982	1,052	982	1,009	1,119	1,143	1,079	1,055
Invested Capital Turnover	2.33	2.48	2.39	2.26	2.20	2.26	2.17	2.03	1.97	2.17	2.19
Increase / (Decrease) in Invested Capital	-68	82	106	41	120	41	30	137	92	96	46
Enterprise Value (EV)	886	923	880	799	782	663	659	864	816	809	782
Market Capitalization	527	586	496	410	338	321	302	426	355	425	413
Book Value per Share	$16.35	$17.20	$16.90	$16.67	$17.30	$18.22	$18.55	$19.22	$19.25	$19.60	$19.34
Tangible Book Value per Share	$10.59	$11.35	$11.17	$11.01	$11.50	$12.63	$12.84	$13.41	$13.47	$13.83	$13.60
Total Capital	972	975	1,011	1,020	1,075	1,030	1,051	1,152	1,183	1,156	1,133
Total Debt	399	372	415	428	467	390	399	471	500	461	447
Total Long-Term Debt	369	359	373	406	427	377	381	460	480	447	437
Net Debt	359	338	384	390	444	342	358	438	461	384	369
Capital Expenditures (CapEx)	23	17	12	9.60	7.50	12	24	5.90	7.60	12	7.90
Debt-free, Cash-free Net Working Capital (DFCFNWC)	455	449	498	497	561	450	476	580	611	541	525
Debt-free Net Working Capital (DFNWC)	495	483	530	535	583	498	517	613	651	619	604
Net Working Capital (NWC)	465	470	487	514	543	485	500	602	630	605	593
Net Nonoperating Expense (NNE)	7.60	15	6.19	4.85	12	41	10	9.81	7.33	4.40	8.17
Net Nonoperating Obligations (NNO)	359	338	384	390	444	342	358	438	461	384	369
Total Depreciation and Amortization (D&A)	15	16	16	16	16	17	16	16	16	17	15
Debt-free, Cash-free Net Working Capital to Revenue	20.19%	20.14%	22.50%	22.87%	25.74%	20.65%	22.10%	27.22%	28.29%	24.16%	23.20%
Debt-free Net Working Capital to Revenue	21.96%	21.69%	23.92%	24.62%	26.79%	22.85%	24.02%	28.76%	30.12%	27.61%	26.66%
Net Working Capital to Revenue	20.62%	21.08%	22.00%	23.64%	24.93%	22.25%	23.20%	28.26%	29.17%	27.00%	26.19%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.30	($0.23)	$0.13	$0.05	($0.20)	$1.60	($0.18)	$0.04	$0.14	$0.20	($0.17)
Adjusted Weighted Average Basic Shares Outstanding	35.08M	35.10M	35.27M	35.37M	35.12M	35.13M	35.27M	35.45M	35.47M	35.47M	35.67M
Adjusted Diluted Earnings per Share	$0.29	($0.23)	$0.12	$0.04	($0.20)	$1.60	($0.18)	$0.04	$0.14	$0.20	($0.17)
Adjusted Weighted Average Diluted Shares Outstanding	35.79M	35.10M	36.06M	35.74M	35.12M	35.13M	35.27M	35.82M	36.26M	35.47M	35.67M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.09M	35.10M	35.54M	35.12M	35.13M	35.13M	35.44M	35.46M	35.47M	35.47M	35.91M
Normalized Net Operating Profit after Tax (NOPAT)	13	7.07	11	7.60	5.60	12	4.27	7.56	12	13	2.73
Normalized NOPAT Margin	2.51%	1.19%	2.24%	1.35%	1.07%	2.04%	0.91%	1.40%	2.23%	1.94%	0.55%
Pre Tax Income Margin	2.00%	-0.32%	1.29%	0.57%	-1.39%	1.58%	-1.87%	0.24%	1.36%	1.83%	-1.88%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.24	0.77	1.70	1.33	0.24	1.95	-0.01	1.14	1.77	2.24	-0.04
NOPAT to Interest Expense	2.14	0.82	1.16	0.67	0.55	9.87	0.43	1.23	1.26	1.14	0.24
EBIT Less CapEx to Interest Expense	-0.55	-1.27	0.39	0.33	-0.54	0.76	-2.72	0.50	0.99	1.00	-0.93
NOPAT Less CapEx to Interest Expense	-0.64	-1.23	-0.14	-0.33	-0.23	8.68	-2.29	0.59	0.48	-0.10	-0.64
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%	0.00%
Augmented Payout Ratio	-6.80%	14.03%	7.35%	66.28%	-64.77%	10.22%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Manitowoc’s latest quarter showed a clear profit squeeze, even though revenue held up reasonably well. In Q1 2026, revenue was $494.6 million, down from $677.1 million in Q4 2025 and $470.9 million in Q1 2025, while the company posted a net loss of $6.0 million versus a $7.0 million profit in the prior quarter. The company remained modestly profitable on an operating basis, but high interest expense and other costs pushed it back into the red.

Over the last several years, Manitowoc has been a volatile, low-margin business with inconsistent profitability. The company has had periods of strong earnings, such as Q4 2024 when net income reached $56.7 million, but those gains have not been sustained. More recently, operating income has been much lower, and interest expense continues to consume a large portion of operating profit.

Operating cash flow was solid in Q1 2026. The company generated $27.4 million of cash from operations, which suggests the core business still converts earnings into cash better than the income statement alone implies.
Gross profit remained healthy in Q1 2026. Gross profit of $95.3 million on $494.6 million of revenue indicates the company still has meaningful contribution margin, even with softer sales.
Debt has come down from recent peaks. Total debt in Q1 2026 was about $447.4 million combined short-term and long-term debt, down from roughly $500.4 million in Q3 2025, showing some balance-sheet improvement.
Shareholders’ equity remained positive and fairly stable. Common equity was $685.9 million in Q1 2026, which helps support the company’s financial base.
Revenue has moved around but has not collapsed. Quarterly revenue has generally stayed in the $470 million to $677 million range over the past year, suggesting demand is uneven but not disappearing.
Capital spending appears controlled. Q1 2026 capital expenditures were $8.2 million, below the levels seen in some prior quarters, which may help preserve cash.
Inventory remains very large. Inventories were $744.1 million in Q1 2026, a major use of working capital and a sign investors should watch for execution risk.
Working capital swings continue to drive cash flow volatility. Changes in operating assets and liabilities materially affected cash flow in several quarters, which makes results less predictable.
Q1 2026 was a loss-making quarter. Net loss was $6.0 million, or $(0.17) per share, compared with $7.0 million of net income in Q4 2025.
Interest expense remains a major burden. Q1 2026 interest expense was $8.9 million, larger than operating income of $3.1 million, which pushed pre-tax income deeply negative.

The most important takeaway for retail investors is that Manitowoc’s operating performance is still not strong enough to comfortably cover its financing costs every quarter. The business can generate cash, but earnings are inconsistent and leverage remains a drag. If the company can sustain higher revenue, keep margins stable, and continue reducing debt, the financial profile could improve. For now, though, the stock still looks highly dependent on a turnaround in profitability and better cost control.

07/11/26 10:52 PM ETAI Generated. May Contain Errors.

Manitowoc Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Manitowoc's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Manitowoc's net income appears to be on a downward trend, with a most recent value of $7.20 million in 2025, falling from $65.50 million in 2015. The previous period was $55.80 million in 2024. Check out Manitowoc's forecast to explore projected trends and price targets.

Manitowoc's total operating income in 2025 was $53.80 million, based on the following breakdown:

Total Gross Profit: $404.70 million
Total Operating Expenses: $350.90 million

Over the last 10 years, Manitowoc's total revenue changed from $1.87 billion in 2015 to $2.24 billion in 2025, a change of 20.1%.

Manitowoc's total liabilities were at $1.12 billion at the end of 2025, a 10.1% increase from 2024, and a 58.7% decrease since 2015.

In the past 10 years, Manitowoc's cash and equivalents has ranged from $31.50 million in 2015 to $199.30 million in 2019, and is currently $77.30 million as of their latest financial filing in 2025.

Over the last 10 years, Manitowoc's book value per share changed from 6.17 in 2015 to 19.60 in 2025, a change of 217.8%.

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Financial statements for NYSE:MTW last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Manitowoc (MTW) Financials

Annual Income Statements for Manitowoc

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