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Columbus Mckinnon Corp. (CMCO)
NASDAQ:CMCO
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Columbus Mckinnon (CMCO) AI Stock Analysis

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CMCO

Columbus Mckinnon

(NASDAQ:CMCO)

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Neutral 67 (OpenAI - 4o)
Rating:67Neutral
Price Target:
$17.50
▲(2.76% Upside)
Columbus Mckinnon's overall stock score reflects a stable financial position with improving leverage and cash flow, but challenges in profitability and valuation. The positive sentiment from the earnings call, with strong sales growth and strategic initiatives, supports a favorable outlook. However, the high P/E ratio and technical indicators suggest caution due to potential overvaluation and overbought conditions.
Positive Factors
Order Growth
The increase in orders, especially project-related, indicates strong demand and potential for future revenue growth, enhancing market position.
Backlog Increase
A growing backlog suggests sustained demand and revenue visibility, supporting long-term business stability and strategic planning.
Strategic Acquisition
The acquisition is poised to enhance capabilities and accelerate strategic initiatives, potentially expanding market reach and competitive edge.
Negative Factors
Sales Decline
Declining sales indicate challenges in maintaining market share and revenue growth, potentially impacting long-term profitability and market position.
Tariff Impacts
Significant tariff impacts on gross profit can strain margins and operational efficiency, affecting long-term financial performance.
Macroeconomic Uncertainty
Uncertain macroeconomic conditions may lead to volatile demand, complicating strategic planning and potentially hindering growth efforts.

Columbus Mckinnon (CMCO) vs. SPDR S&P 500 ETF (SPY)

Columbus Mckinnon Business Overview & Revenue Model

Company DescriptionColumbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, explosion-protected and custom engineered hoists, and winches; crane systems, such as crane components and kits, enclosed track rail systems, mobile and jib cranes, and fall protection systems, as well as material handling solutions; rigging equipment comprising below-the-hook lifting devices, shackles, chains and chains accessories, forestry and hand tools, lifting slings, lashing systems, and tie-downs and load binders; rotary unions and swivel joints; and mechanical and electromechanical actuators. It also provides power and motion technology products, including AC motor controls and line regenerative systems, automation and diagnostics, brakes, cable and festoon systems, collision avoidance systems, conductor bar systems, DC motor and magnet control systems, elevator drives, inverter duty motors, mining drives, pendant pushbutton stations, radio controls, and wind inverters; power delivery subsystems; overhead aluminum light rail workstations; and low profile, flexible chain, large scale, sanitary, and vertical elevation conveyor systems, as well as pallet system conveyors and accumulation systems. The company serves market verticals, including general industries, transportation, energy and utilities, process industries, industrial automation, construction and infrastructure, food and beverage, entertainment, life sciences, consumer packaged goods, and e-commerce/supply chain/warehousing. It offers its products to end users directly, as well as through distributors, independent crane builders, material handling specialists and integrators, government agencies, original equipment manufacturers, and engineering procurement and construction firms. The company was founded in 1875 and is headquartered in Buffalo, New York.
How the Company Makes MoneyColumbus McKinnon generates revenue through several key streams, primarily by selling its lifting and material handling equipment directly to customers and through distributors. The company also provides aftermarket services, including maintenance, repair, and parts for its products, which contribute to recurring revenue. Significant partnerships with major players in various industries enhance its market reach and sales capabilities. Additionally, CMCO's focus on innovative solutions and compliance with safety regulations positions it favorably in competitive markets, driving customer demand and revenue growth.

Columbus Mckinnon Earnings Call Summary

Earnings Call Date:Oct 30, 2025
(Q2-2026)
|
% Change Since: |
Next Earnings Date:Jan 22, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong sales growth, a record backlog, and progress on the pending Kito Crosby acquisition. However, the ongoing impact of tariffs and slower order conversions in certain regions present challenges. Despite these issues, the company's strategic initiatives and operational improvements bolster a positive outlook.
Q2-2026 Updates
Positive Updates
Record Backlog and Sales Growth
Net sales increased 8% year-over-year to $261 million, driven by growth across all product platforms and accelerated deliveries. The backlog is a healthy $352 million, up $34 million or 11% from the prior year.
Improved Adjusted EPS
Adjusted EPS improved $0.12 sequentially to $0.62 in the second quarter due to higher sales, margin expansion, and effective cost management.
Operational Improvement and Tariff Mitigation
Meaningful progress on operational improvement, tariff mitigation, and integration preparedness initiatives, with some tariff impacts beginning to moderate.
Strong U.S. Order Growth
Order growth in the U.S. was 11%, with strong performance in both project-related and short-cycle categories.
Pending Kito Crosby Acquisition
Progress made towards integrating Kito Crosby, with the expectation of closing by the end of the fiscal year. This is expected to scale the business and achieve strategic synergy objectives.
Negative Updates
Tariff Impact and Challenges
Tariffs remain a significant challenge, with an estimated $10 million headwind to operating profit expected in the fiscal year. Tariff impact is anticipated to spill over into the next quarter.
Year-over-Year Order Decline
Orders were $254 million, down 3% year-over-year, due to the prior year benefiting from significant project orders.
Slower Conversion in EMEA and APAC
Economic landscape in EMEA and APAC is resulting in slower conversion for project orders and a weaker macroeconomic environment.
Company Guidance
During the Columbus McKinnon Second Quarter Fiscal 2026 earnings call, the company reported an 8% year-over-year increase in net sales, reaching $261 million, driven by growth across all product platforms and regions, particularly in the U.S. and EMEA. Adjusted EPS improved by $0.12 sequentially to $0.62, supported by higher sales, margin expansion, and continued cost management. The company's backlog increased by 11% year-over-year to $352 million, despite a 4% sequential decline due to accelerated conversion of Q3 backlog into Q2 shipments. Tariffs posed a challenge, with an estimated $10 million net headwind expected for the fiscal year. Columbus McKinnon aims to achieve tariff cost neutrality by the end of fiscal 2026 and margin neutrality by fiscal 2027. Orders were $254 million, down 3% year-over-year, impacted by slower project order conversions in EMEA and APAC. However, U.S. orders grew by 11%. The company updated its full-year guidance, expecting low to mid-single-digit sales growth and reaffirmed adjusted EPS guidance of flat to slightly up year-over-year. The pending acquisition of Kito Crosby is anticipated to close by the fiscal year's end, with integration plans in place to achieve synergy objectives.

Columbus Mckinnon Financial Statement Overview

Summary
Columbus McKinnon shows stable financial health with improvements in leverage and cash flow generation. Revenue growth is modest, and profitability remains a challenge with low margins. The balance sheet is strengthened by reduced debt levels and a solid equity base.
Income Statement
65
Positive
Columbus Mckinnon shows a modest revenue growth of 1.96% in the TTM, recovering from a decline in the previous annual period. However, profitability metrics such as the net profit margin (0.41%) and EBIT margin (2.59%) are relatively low, indicating challenges in maintaining operational efficiency. The gross profit margin remains stable at 33.67%, suggesting consistent cost management.
Balance Sheet
70
Positive
The company's debt-to-equity ratio has improved to 0.50 in the TTM, indicating a reduction in leverage compared to previous periods. Return on equity is low at 0.44%, reflecting limited profitability. The equity ratio stands at 51.66%, showing a solid equity base relative to total assets, which enhances financial stability.
Cash Flow
75
Positive
Free cash flow growth is strong at 61.05% in the TTM, indicating improved cash generation capabilities. The operating cash flow to net income ratio is 10.84%, suggesting that cash flows are not fully aligned with net income, which could be a concern. However, the free cash flow to net income ratio of 49.55% demonstrates a reasonable conversion of earnings into cash.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue977.99M963.03M1.01B936.24M906.55M649.64M
Gross Profit329.29M325.68M374.84M342.10M315.73M220.22M
EBITDA85.83M75.11M145.43M146.72M105.57M50.31M
Net Income3.97M-5.14M46.63M48.43M29.66M9.11M
Balance Sheet
Total Assets1.77B1.74B1.83B1.70B1.69B1.15B
Cash, Cash Equivalents and Short-Term Investments28.04M53.68M114.13M133.18M115.39M202.13M
Total Debt459.28M540.67M599.63M526.08M542.90M283.95M
Total Liabilities855.26M856.69M943.88M864.66M912.90M620.28M
Stockholders Equity914.59M882.10M882.06M833.80M772.80M530.15M
Cash Flow
Free Cash Flow29.36M24.20M42.38M71.00M35.78M86.59M
Operating Cash Flow47.23M45.61M67.20M83.64M48.88M98.89M
Investing Cash Flow-17.33M-19.89M-133.36M-13.93M-554.31M-5.55M
Financing Cash Flow-57.63M-86.75M48.20M-49.99M420.70M-10.19M

Columbus Mckinnon Technical Analysis

Technical Analysis Sentiment
Positive
Last Price17.03
Price Trends
50DMA
15.28
Positive
100DMA
15.04
Positive
200DMA
15.49
Positive
Market Momentum
MACD
0.33
Negative
RSI
63.36
Neutral
STOCH
93.56
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMCO, the sentiment is Positive. The current price of 17.03 is above the 20-day moving average (MA) of 15.55, above the 50-day MA of 15.28, and above the 200-day MA of 15.49, indicating a bullish trend. The MACD of 0.33 indicates Negative momentum. The RSI at 63.36 is Neutral, neither overbought nor oversold. The STOCH value of 93.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CMCO.

Columbus Mckinnon Risk Analysis

Columbus Mckinnon disclosed 34 risk factors in its most recent earnings report. Columbus Mckinnon reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Columbus Mckinnon Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
$401.18M7.478.82%-0.83%
69
Neutral
$3.05B19.727.85%1.46%4.60%-65.73%
67
Neutral
$470.57M120.260.44%1.71%-2.36%-73.77%
66
Neutral
$1.01B21.107.37%1.14%6.66%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
50
Neutral
$515.45M-1.05%-2.75%22.20%
48
Neutral
$527.59M201.970.51%4.16%-8.30%-98.18%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CMCO
Columbus Mckinnon
17.03
-21.99
-56.36%
ASTE
Astec
45.72
8.21
21.89%
MTW
Manitowoc Company
11.91
1.66
16.20%
TEX
Terex
49.68
-2.67
-5.10%
TWI
Titan International
8.28
1.22
17.28%
HY
Hyster-Yale Materials Handling
34.40
-19.36
-36.01%

Columbus Mckinnon Corporate Events

Columbus McKinnon Faces Potential Goodwill Impairment Risk: What Investors Need to Know
Nov 1, 2025

Columbus McKinnon faces a potential business risk related to the impairment of goodwill and other intangible assets from its acquisitions of montratec, Dorner Mfg. Corp, and Garvey Corporation, which are part of its Precision Conveyance reporting unit. Although a recent quantitative test indicated that the goodwill was not impaired, the narrow margin between the unit’s book and fair value suggests vulnerability to future impairment. Should the business underperform or market assumptions change unfavorably, significant impairment charges could arise, adversely affecting the company’s operating results and potentially impacting its stock trading price. Investors should be mindful of these risks as they could have material implications for Columbus McKinnon’s financial health.

Columbus McKinnon Reports Strong Growth Amid Challenges
Nov 1, 2025

Columbus McKinnon’s recent earnings call painted a picture of robust growth tempered by some ongoing challenges. The company reported strong sales growth and a record backlog, signaling positive momentum. However, the impact of tariffs and slower order conversions in certain regions remain hurdles. Despite these challenges, the company’s strategic initiatives and operational improvements suggest a positive outlook moving forward.

Columbus McKinnon Sees 8% Sales Growth in Q2 FY26
Oct 31, 2025

Columbus McKinnon Corporation, a leader in intelligent motion solutions for material handling, designs and markets products such as hoists, crane components, and digital power systems, focusing on commercial and industrial applications requiring high safety and quality standards.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Columbus McKinnon Reports Q2 Sales and EBITDA Growth
Positive
Oct 30, 2025

Columbus McKinnon reported an 8% increase in net sales for the second quarter of fiscal year 2026, ending September 30, 2025, driven by growth in lifting and linear motion platforms. Despite a weaker macroeconomic environment in EMEA, U.S. orders grew by 11%, contributing to a healthy backlog and a 22% sequential increase in adjusted EBITDA. The company is actively working on tariff mitigation and preparing for the acquisition of Kito Crosby, aiming for tariff cost neutrality by the end of the fiscal year.

The most recent analyst rating on (CMCO) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on Columbus Mckinnon stock, see the CMCO Stock Forecast page.

Dividends
Columbus McKinnon Declares Quarterly Dividend Announcement
Positive
Oct 20, 2025

On October 20, 2025, Columbus McKinnon’s Board of Directors declared a regular quarterly dividend of $0.07 per common share, payable on or about November 17, 2025, to shareholders of record as of November 7, 2025. This announcement reflects the company’s ongoing commitment to providing shareholder value and its stable financial position, with approximately 28.7 million shares outstanding.

The most recent analyst rating on (CMCO) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Columbus Mckinnon stock, see the CMCO Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Columbus McKinnon Extends Credit Facility Maturity Date
Neutral
Sep 25, 2025

On September 23, 2025, Columbus McKinnon Corporation announced the Fifth Amendment to its Amended and Restated Credit Agreement, which includes extending the maturity date of its revolving credit facility to February 13, 2028. The amendment also revises financial covenants, such as increasing the limit on Approved Restructuring Charges and charges for Material Acquisitions, and changes the conditions for compliance with the leverage ratio financial covenant, potentially impacting the company’s financial flexibility and operational strategies.

The most recent analyst rating on (CMCO) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Columbus Mckinnon stock, see the CMCO Stock Forecast page.

Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Columbus McKinnon Shareholders Approve Key Proposals
Positive
Aug 18, 2025

At the 2025 Annual Meeting of Shareholders held on August 15, Columbus McKinnon Corporation’s shareholders approved all management proposals. These included the election of nine directors, an advisory vote on executive compensation, and the ratification of Ernst & Young LLP as the independent accounting firm. Additionally, shareholders approved proposals to eliminate stock issuance restrictions, increase authorized shares, and permit preemptive rights, which are expected to enhance the company’s operational flexibility and compliance with Nasdaq rules.

The most recent analyst rating on (CMCO) stock is a Hold with a $35.00 price target. To see the full list of analyst forecasts on Columbus Mckinnon stock, see the CMCO Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 26, 2025