Manitowoc Company (MTW) AI Stock Analysis

• Market Cap: $433.49M
• Dividend Yield: N/A
• Average Volume (3M): 235.93K
• Price to Earnings (P/E): 59.0
• Beta (1Y): 1.68
• Revenue Growth: -0.83%
• EPS Growth: N/A
• Country: US
• Employees: 4,800
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): 0.26
• Shares Outstanding: 35,473,420
• 10 Day Avg. Volume: 301,703
• 30 Day Avg. Volume: 235,927
• PEG Ratio: -0.68
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 0.19
• P/FCF Ratio: -27.76
• Enterprise Value/Market Cap: 2.16
• Enterprise Value/Revenue: 0.42
• Enterprise Value/Gross Profit: 2.32
• Enterprise Value/Ebitda: 8.20
• 1Y Price Target: $10.00
• Price Target Upside: -18.17% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.79
• Revenue Forecast (FY): $2.35B

• Rating: 60 Neutral
• Price Target: $13.00 ▲(6.38% Upside)
• Action: Reiterated Date: 02/10/26
• Date: Action: Reiterated 02/10/26

The score is held back primarily by weak cash-flow performance (negative TTM free cash flow) and very thin profitability alongside rising leverage. Offsetting these are strong technical uptrend signals, a low P/E valuation, and constructive 2026 guidance supported by improving orders/backlog and planned restructuring savings.

Positive Factors

Aftermarket & non-new sales strength

A record $690M of trailing‑12‑month non‑new machine sales increases recurring revenue and carries materially higher gross margins (~35%). That aftermarket mix is less cyclical than new equipment, supports steadier margin profiles and helps stabilize revenue through downturns.

Order momentum & backlog growth

Substantial order flow and a nearly $800M backlog provide multi‑quarter revenue visibility and production leverage. Strong bookings reduce demand uncertainty, enable better capacity planning and improve the likelihood of sustained revenue and margin recovery over coming quarters.

Product launches & aftermarket expansion

Multiple product introductions and expanded service/distribution footprints increase addressable market and attach rates for parts and service. Building service capabilities and distribution enhances lifecycle revenue, customer retention and long‑term competitive differentiation.

Negative Factors

Weak cash generation

Negative trailing‑12‑month free cash flow and a sharp decline in operating cash reduce financial flexibility. Persistent weak cash conversion limits the company's ability to deleverage, invest in growth, or fund returns without external financing, raising execution and liquidity risk.

Rising leverage and limited liquidity

Leverage trending higher and modest cash balances constrain balance‑sheet optionality. Elevated net leverage increases sensitivity to demand shocks or margin pressure, raises interest obligations and narrows room for capital allocation until consistent free cash flow and deleveraging occur.

Thin profitability & margin pressure

Very thin trailing net margins and recurring margin headwinds from tariffs, used‑sales mix, currency and inflation compress operating profitability. Sustained margin pressure reduces internal cash generation and makes execution of restructuring and pricing strategies critical for durable recovery.

Manitowoc Company Business Overview & Revenue Model

Company Description

The Manitowoc Company, Inc. provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand. The company also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services. Its crane products are used in various applications, including energy production/distribution and utilities; petrochemical and industrial projects; infrastructure, such as road, bridge, and airport construction; and commercial and high-rise residential construction. The company serves a range of customers, including dealers, rental companies, contractors, and government entities in the petrochemical, industrial, commercial construction, power and utilities, infrastructure, and residential construction end markets. The Manitowoc Company, Inc. was founded in 1902 and is headquartered in Milwaukee, Wisconsin.

How the Company Makes Money

Manitowoc primarily makes money by selling cranes and related lifting solutions, supported by aftermarket parts and services over the equipment lifecycle. Its main revenue stream is new equipment sales (e.g., crawler cranes, tower cranes, and mobile/hydraulic cranes) sold to end customers such as construction contractors, crane rental companies, and industrial operators, typically through a combination of direct sales and independent dealers/distributors depending on region and product line. A second key revenue stream is aftermarket support, which includes replacement parts, maintenance/repair services, inspections, upgrades/retrofits, and other service offerings that generate recurring demand as installed equipment continues operating. Manitowoc’s earnings are influenced by factors such as global construction and infrastructure spending, energy/industrial project activity, customer fleet utilization (notably in rental channels), and its ability to price equipment and manage manufacturing and supply-chain costs. Information on any specific revenue-sharing partnerships or customer-specific arrangements is null.

Manitowoc Company Financial Statement Overview

Summary

Modest TTM revenue improvement and a balance sheet that is still manageable are outweighed by materially weaker cash generation (TTM FCF negative) and very thin profitability, with leverage trending higher into a period of margin pressure.

Income Statement

Revenue is broadly stable to modestly improving, with TTM (Trailing-Twelve-Months) up ~3.8% after a slight decline in 2024 and stronger growth in 2023. Profitability, however, has been volatile: the business rebounded sharply from a large loss in 2022, but TTM earnings are very thin (about 0.3% net margin) and down meaningfully versus 2024 despite similar revenue. Gross margin is steady (~17–19%), while operating profitability has compressed from 2023 levels, suggesting cost pressure and limited pricing leverage.

Balance Sheet

Leverage is moderate for an industrial company, with debt-to-equity rising to ~0.81 in TTM (Trailing-Twelve-Months) from ~0.68 in 2024, signaling increased reliance on debt. Equity has grown versus prior years, which helps cushion the capital structure, and returns on equity are positive in the last two periods after a steep negative year in 2022. The key watch item is the upward leverage trend alongside weakening profitability, which can reduce balance-sheet flexibility if the cycle softens.

Cash Flow

Cash generation has weakened materially in TTM (Trailing-Twelve-Months): operating cash flow fell to ~$22M from ~$49M in 2024, and free cash flow turned negative (~-$15M) after being slightly positive in 2024. Cash conversion is a concern, with operating cash flow covering only a small portion of reported earnings and free cash flow remaining inconsistent year-to-year (negative in 2020, 2023, and TTM). This raises execution risk and limits optionality for debt reduction or shareholder returns until cash flow stabilizes.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.24B	2.18B	2.23B	2.03B	1.72B
Gross Profit	404.70M	375.00M	425.20M	364.50M	307.20M
EBITDA	121.70M	112.90M	139.20M	-24.90M	92.90M
Net Income	7.20M	55.80M	39.20M	-123.60M	11.00M
Balance Sheet
Total Assets	1.82B	1.66B	1.71B	1.62B	1.78B
Cash, Cash Equivalents and Short-Term Investments	77.30M	48.00M	34.40M	64.40M	75.40M
Total Debt	583.30M	437.20M	419.30M	419.90M	436.40M
Total Liabilities	1.12B	1.02B	1.10B	1.08B	1.11B
Stockholders Equity	695.20M	640.10M	603.30M	537.80M	662.40M
Cash Flow
Free Cash Flow	-15.30M	3.50M	-14.40M	15.10M	35.80M
Operating Cash Flow	22.20M	49.20M	63.00M	76.90M	76.20M
Investing Cash Flow	-49.50M	-40.40M	-71.80M	-58.00M	-226.30M
Financing Cash Flow	54.80M	6.70M	-21.40M	-29.90M	100.90M

Manitowoc Company Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.22
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTW, the sentiment is Negative. The current price of 12.22 is below the 20-day moving average (MA) of 13.93, below the 50-day MA of 13.78, and above the 200-day MA of 11.89, indicating a neutral trend. The MACD of -0.39 indicates Positive momentum. The RSI at 31.30 is Neutral, neither overbought nor oversold. The STOCH value of 3.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MTW.

Manitowoc Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALG	70 Outperform	$2.06B	19.44	9.32%	0.69%	-2.73%	-2.91%
ASTE	67 Neutral	$1.21B	25.56	5.79%	1.14%	6.66%	―
TEX	67 Neutral	$6.75B	15.89	11.16%	1.24%	4.60%	-65.73%
OSK	66 Neutral	$9.24B	12.46	14.57%	1.56%	-2.28%	-0.53%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MTW	60 Neutral	$433.49M	58.98	1.06%	―	-0.83%	―
HY	59 Neutral	$549.35M	-8.76	0.51%	4.61%	-8.30%	-98.18%

Manitowoc Company Corporate Events

Manitowoc Schedules February 2026 Investor Presentation Series

The Manitowoc Company, Inc., a manufacturer of lifting equipment for construction and heavy industry, plans to engage with the financial community through an investor presentation series. The company announced it will present to investors from February 11 to 14, 2026, beginning at noon ET on February 11, signaling ongoing efforts to communicate its strategy and performance to shareholders and prospective investors.

The most recent analyst rating on (MTW) stock is a Buy with a $16.50 price target. To see the full list of analyst forecasts on Manitowoc Company stock, see the MTW Stock Forecast page.

Manitowoc Company adds two CEOs to board

On January 20, 2026, Manitowoc expanded its board of directors from eight to ten members and appointed Mark B. Rourke, CEO of Schneider National, and Randy A. Wood, CEO of Lindsay Corporation, as new directors with terms expiring at the company’s 2026 annual meeting of shareholders. The addition of two sitting chief executives with deep operational and strategic experience in transportation, logistics, industrial and infrastructure markets is intended to strengthen Manitowoc’s governance and support its long-term growth objectives, signaling a continued focus on enhancing board expertise to guide the crane maker through complex operating environments and evolving market demands.

The most recent analyst rating on (MTW) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Manitowoc Company stock, see the MTW Stock Forecast page.