Manitowoc Company (MTW)
NYSE:MTW
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Manitowoc Company
(NYSE:MTW)
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Rating:49Neutral
Price Target:
$11.00
▼(-15.97% Downside)
Action:ReiteratedDate:04/01/26
The score is held back primarily by weak cash flow (negative TTM free cash flow) and very thin, pressured profitability, alongside bearish technicals. Offsetting this, management’s 2026 guidance and strong orders/backlog provide a more constructive forward outlook, but valuation remains high versus current earnings power.
Positive Factors
Backlog and order momentum
Sustained, large orders and a growing backlog provide multi-quarter revenue visibility, improve factory utilization and purchasing leverage, and reduce short-term cyclicality. This visibility supports planning, capacity deployment and aftermarket follow-through that stabilize medium-term revenue streams.
Negative Factors
Weak cash generation
Material weakening in operating cash flow and a negative trailing free cash flow limit the company's ability to service debt, invest in product initiatives, or fund shareholder returns without external funding. Persistent cash conversion weakness raises execution and refinancing risk over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Backlog and order momentum
Sustained, large orders and a growing backlog provide multi-quarter revenue visibility, improve factory utilization and purchasing leverage, and reduce short-term cyclicality. This visibility supports planning, capacity deployment and aftermarket follow-through that stabilize medium-term revenue streams.
Read all positive factors
Manitowoc Company (MTW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$467.53M
Dividend YieldN/A
Average Volume (3M)235.93K
Price to Earnings (P/E)59.0
Beta (1Y)1.67
Revenue Growth-0.83%
EPS GrowthN/A
CountryUS
Employees4,800
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)0.26
Shares Outstanding35,908,250
10 Day Avg. Volume301,703
30 Day Avg. Volume235,927
Financial Highlights & Ratios
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 Cap2.09
Enterprise Value/Revenue0.44
Enterprise Value/Gross Profit2.42
Enterprise Value/Ebitda8.53
Forecast
1Y Price Target
$10.50Price Target Upside-19.79% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)0.7
Revenue Forecast (FY)$2.35B
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 li...
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 mobi...
Manitowoc Company Key Performance Indicators (KPIs)
Manitowoc Company Earnings Call Summary
Earnings Call Date:Feb 09, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 05, 2026
Earnings Call Sentiment Positive
The call conveyed a constructive tone with multiple operational and commercial wins: record non-new machine sales, strong quarterly order growth (+56% Q/Q YoY), expanding backlog (+22% YoY), product launches, safety improvements, and positive 2026 guidance (higher revenue and EBITDA ranges plus planned cash generation). However, significant near-term headwinds persist, notably tariff impacts (‑$0.13 EPS drag), full-year free cash flow pressure due to a $45M EPA payment, elevated leverage (3.15x), and market uncertainty in the U.S. and parts of the Middle East. Management outlined clear mitigation steps—pricing, sourcing, restructuring ($10M of savings), geographic aftermarket expansion, and product pipeline—which support an optimistic outlook for 2026 while acknowledging short-term volatility (Q1 pressure). Overall, the positives and actionable guidance outweigh the challenges, but risks remain that could influence execution.Positive Updates
Record Non-New Machine Sales
Trailing twelve-month non-new machine sales reached $690 million, up 10% year over year, marking a new company record and a core driver of higher, less-cyclical gross margins (~35%).
Negative Updates
Full-Year Free Cash Flow and EPA Settlement Impact
Full-year free cash flow was a use of $15 million and cash flows from operations were $22 million; results were negatively impacted by approximately $45 million of payments related to an EPA matter (excluding this, free cash flow would have been $30 million).
Read all updates
Q4-2025 Updates
Positive
Negative
Record Non-New Machine Sales
Trailing twelve-month non-new machine sales reached $690 million, up 10% year over year, marking a new company record and a core driver of higher, less-cyclical gross margins (~35%).
Read all positive updates
Company Guidance
Management guided 2026 net sales of $2.25–$2.35 billion and adjusted EBITDA of $125–$150 million, with projected free cash flow of $40–$65 million (inclusive of $45–$50 million in capital expenditures); they expect roughly $10 million of restructuring savings in 2026 to offset inflation and FX headwinds, plan to continue using pricing and sourcing actions to mitigate tariff pressures (having mitigated ~85% of recent headwinds in Q4), and aim to reduce net leverage from 3.15x at year‑end to below 3.0x during the year, while carrying $77 million of cash, $298 million of total liquidity, and building on a $794 million backlog, $803 million of Q4 orders, and $690 million of trailing‑12‑month non‑new machine sales.Manitowoc Company Financial Statement Overview
Summary
Income Statement
57
Neutral
Balance Sheet
63
Positive
Cash Flow
38
Negative
| 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
Positive
13.09
Price Trends
13.28
Negative
12.87
Positive
11.96
Positive
Market Momentum
-0.18
Negative
57.53
Neutral
90.46
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 13.09 is above the 20-day moving average (MA) of 11.98, below the 50-day MA of 13.28, and above the 200-day MA of 11.96, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 57.53 is Neutral, neither overbought nor oversold. The STOCH value of 90.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MTW.
Manitowoc Company Risk Analysis
Manitowoc Company disclosed 30 risk factors in its most recent earnings report. Manitowoc Company reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Manitowoc Company Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $2.14B | 19.44 | 9.32% | 0.69% | -2.73% | -2.91% | |
67 Neutral | $1.40B | 25.56 | 5.79% | 1.14% | 6.66% | ― | |
67 Neutral | $7.32B | 15.89 | 11.16% | 1.24% | 4.60% | -65.73% | |
66 Neutral | $9.49B | 12.46 | 14.57% | 1.56% | -2.28% | -0.53% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $651.96M | -8.76 | -11.65% | 4.61% | -8.30% | -98.18% | |
49 Neutral | $467.53M | 58.98 | 1.06% | ― | -0.83% | ― |
* Industrials Sector Average
MTW
Manitowoc Company
13.09
5.42
70.66%
ALG
Alamo Group
176.89
6.88
4.04%
ASTE
Astec
61.22
27.83
83.34%
OSK
Oshkosh
151.79
67.19
79.42%
TEX
Terex
63.18
28.69
83.18%
HY
Hyster-Yale Materials Handling
36.42
0.22
0.59%
Manitowoc Company Corporate Events
Business Operations and StrategyExecutive/Board Changes
Manitowoc Expands Peterson Role to Legal and People Chief
Positive
Mar 31, 2026
On March 30, 2026, The Manitowoc Company’s board appointed Jennifer L. Peterson as Executive Vice President, Chief Legal and People Officer, and Secretary, expanding her responsibilities beyond her prior role as Executive Vice President, Gen...
Executive/Board Changes
Manitowoc Announces Executive HR Leadership Transition and Exit
Neutral
Mar 30, 2026
On March 27, 2026, The Manitowoc Company, Inc. announced that James S. Cook resigned as Executive Vice President of Human Resources effective March 29, 2026, and will remain in a transitional role until June 19, 2026, under a separation agreement....
Business Operations and Strategy
Manitowoc Schedules February 2026 Investor Presentation Series
Neutral
Feb 10, 2026
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 Feb...
Business Operations and StrategyExecutive/Board Changes
Manitowoc Company adds two CEOs to board
Positive
Jan 21, 2026
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...
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.