Manitowoc Company (MTW) AI Stock Analysis

• Market Cap: $517.88M
• Dividend Yield: N/A
• Average Volume (3M): 235.93K
• Price to Earnings (P/E): 9.2
• Beta (1Y): 1.67
• Revenue Growth: -0.83%
• EPS Growth: N/A
• Country: US
• Employees: 4,800
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): 0.14
• Shares Outstanding: 35,470,943
• 10 Day Avg. Volume: 301,703
• 30 Day Avg. Volume: 235,927
• PEG Ratio: 0.14
• Price to Book (P/B): 0.50
• Price to Sales (P/S): 0.15
• P/FCF Ratio: 91.88
• Enterprise Value/Market Cap: 1.99
• Enterprise Value/Revenue: 0.48
• Enterprise Value/Gross Profit: 2.67
• Enterprise Value/Ebitda: 9.33
• 1Y Price Target: $10.00
• Price Target Upside: -31.51% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: $14.50 ▼(-0.68% Downside)

MTW scores in the upper-mid range primarily due to solid balance sheet positioning and improving profitability, but constrained by weak cash flow performance. Technicals add support with a positive, multi-timeframe uptrend, and valuation looks favorable on a low P/E. The latest earnings call was net positive on orders/backlog and EBITDA growth, tempered by tariff uncertainty and cash generation delays.

Positive Factors

Order and backlog growth

A growing order book and larger backlog provide multi-quarter revenue visibility, enable better production planning and mix optimization, and reduce near-term demand cyclicality. This structural demand pipeline supports sustained revenue and margin recovery as orders convert to shipments.

Improving profitability and operational productivity

Meaningful EBITDA growth and margin expansion, coupled with productivity gains (30% improvement at a key factory and lower injury rates), indicate sustainable operational levers. Efficiency improvements can persistently lift margins and competitive pricing power if maintained.

Board strengthening with industry CEOs

Bringing two active industry CEOs to the board enhances strategic oversight and operational expertise, improving governance and access to industry relationships. Strong board-level experience supports better capital allocation, strategic partnerships, and long-term execution.

Negative Factors

Weak cash conversion and negative FCF growth

Persistent inability to convert earnings into cash limits balance sheet flexibility, constrains debt reduction, capital spending, and shareholder returns. Structural working-capital drag raises refinancing and liquidity risk and can hamper funding of growth initiatives over multiple quarters.

Tariff-related margin pressure

Material and uncertain tariff costs are a structural headwind to margins and pricing. Even if partially mitigated, ongoing trade remedies and policy shifts increase input cost volatility and complicate long-term supply-chain planning, bidding, and contract profitability.

North American market volatility

Significant exposure to cyclical North American construction and industrial markets makes revenue and parts/service demand vulnerable to policy and macro shifts. Structural uncertainty can suppress order cadence, delay fleet upgrades, and weaken aftermarket revenue streams over multiple quarters.

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 generates revenue primarily through the sale of crane equipment and lifting solutions. Key revenue streams include new equipment sales, which account for a significant portion of its income, as well as aftermarket services such as parts and maintenance, which provide ongoing revenue from existing customers. The company also benefits from leasing programs and rentals, allowing customers to access equipment without significant upfront investment. Strategic partnerships with distributors and dealers enhance its market reach and customer service capabilities. Additionally, Manitowoc's focus on innovation and technology helps them maintain competitive pricing and improve operational efficiency, contributing to overall profitability.

Manitowoc Company Financial Statement Overview

Summary

Moderate profitability with stable gross margin and improved net margin, plus manageable leverage and improving ROE. The main drag is weak cash generation: negative free cash flow growth and low cash conversion (operating cash flow to net income of 0.08).

Income Statement

The company shows a stable gross profit margin of around 17-19% over the years, with a slight improvement in net profit margin to 2.63% in TTM. Revenue growth is positive but modest at 1.34% in TTM, following a decline in the previous year. EBIT and EBITDA margins have shown slight fluctuations but remain positive, indicating operational efficiency. Overall, the income statement reflects moderate profitability with some growth potential.

Balance Sheet

The debt-to-equity ratio is stable, around 0.81 in TTM, indicating manageable leverage. Return on equity has improved to 8.57% in TTM, showing better utilization of equity. The equity ratio is not explicitly calculated but appears stable given the consistent stockholders' equity and total assets. The balance sheet suggests a solid financial position with controlled leverage and improving returns.

Cash Flow

Free cash flow growth is negative in TTM, indicating challenges in generating free cash. The operating cash flow to net income ratio is low at 0.08, suggesting limited cash conversion efficiency. Free cash flow to net income ratio is 0.17, indicating some cash generation relative to net income. Overall, cash flow performance is weak, with potential liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.16B	2.18B	2.23B	2.03B	1.72B	1.44B
Gross Profit	385.90M	375.00M	425.20M	364.50M	307.20M	254.70M
EBITDA	110.60M	112.90M	139.20M	-24.90M	92.90M	64.60M
Net Income	56.90M	55.80M	39.20M	-123.60M	11.00M	-19.10M
Balance Sheet
Total Assets	1.90B	1.66B	1.71B	1.62B	1.78B	1.60B
Cash, Cash Equivalents and Short-Term Investments	39.70M	48.00M	34.40M	64.40M	75.40M	128.70M
Total Debt	553.50M	437.20M	419.30M	419.90M	436.40M	339.30M
Total Liabilities	1.22B	1.02B	1.10B	1.08B	1.11B	960.00M
Stockholders Equity	682.70M	640.10M	603.30M	537.80M	662.40M	643.50M
Cash Flow
Free Cash Flow	7.50M	3.50M	-14.40M	15.10M	35.80M	-61.40M
Operating Cash Flow	43.50M	49.20M	63.00M	76.90M	76.20M	-35.10M
Investing Cash Flow	-48.40M	-40.40M	-71.80M	-58.00M	-226.30M	-25.80M
Financing Cash Flow	21.60M	6.70M	-21.40M	-29.90M	100.90M	-14.80M

Manitowoc Company Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTW, the sentiment is Positive. The current price of 14.6 is above the 20-day moving average (MA) of 13.49, above the 50-day MA of 12.76, and above the 200-day MA of 11.27, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 67.55 is Neutral, neither overbought nor oversold. The STOCH value of 85.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MTW.

Manitowoc Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OSK	73 Outperform	$10.56B	15.90	14.90%	1.56%	-2.28%	-0.53%
ALG	70 Outperform	$2.46B	20.27	10.82%	0.69%	-2.73%	-2.91%
MTW	67 Neutral	$517.88M	9.16	8.82%	―	-0.83%	―
TEX	67 Neutral	$7.33B	26.79	7.85%	1.24%	4.60%	-65.73%
ASTE	66 Neutral	$1.25B	25.42	7.37%	1.14%	6.66%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HY	51 Neutral	$630.09M	236.32	0.51%	4.61%	-8.30%	-98.18%

Manitowoc Company Corporate Events

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.