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Manitowoc Company (MTW)
NYSE:MTW
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Manitowoc Company
(NYSE:MTW)
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Rating:70Outperform
Price Target:
$15.50
▲(11.59% Upside)
Manitowoc Company shows a strong earnings performance with significant revenue and order growth, which is the most impactful factor. The stock's undervaluation further supports its attractiveness. However, cash flow challenges and tariff-related uncertainties pose risks. Technical indicators suggest a neutral to positive outlook, contributing to a balanced overall score.
Positive Factors
Revenue and Order Growth
Significant revenue and order growth indicate strong market demand and effective sales strategies, supporting long-term business expansion.
Market Expansion
Expansion in Europe and the Middle East suggests robust demand and strategic positioning, enhancing future revenue potential.
Productivity Improvements
Productivity gains with stable headcount reflect operational efficiency, potentially leading to better margins and competitiveness.
Negative Factors
Tariff Headwinds
Tariff costs create financial strain and uncertainty, potentially impacting profitability and strategic planning in key markets.
Cash Flow Challenges
Limited cash flow generation can hinder investment capacity and operational flexibility, affecting long-term financial health.
North American Market Challenges
Market challenges in North America due to tariffs and trade policies could limit growth opportunities and affect sales performance.
Manitowoc Company (MTW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$492.69M
Dividend YieldN/A
Average Volume (3M)235.93K
Price to Earnings (P/E)8.7
Beta (1Y)1.66
Revenue Growth-0.83%
EPS GrowthN/A
CountryUS
Employees4,800
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)0.14
Shares Outstanding35,470,943
10 Day Avg. Volume301,703
30 Day Avg. Volume235,927
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.50
Price to Sales (P/S)0.15
P/FCF Ratio91.88
Enterprise Value/Market Cap1.76
Enterprise Value/Revenue0.40
Enterprise Value/Gross Profit2.25
Enterprise Value/Ebitda7.85
Forecast
1Y Price Target
$9.50Price Target Upside-31.61% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Manitowoc Company Business Overview & Revenue Model
Company DescriptionThe 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 MoneyManitowoc 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 Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 11, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant growth in revenue, orders, and non-new machine sales, alongside improvements in safety and productivity. However, challenges such as tariff impacts and market uncertainty in North America were significant concerns.Q3-2025 Updates
Positive Updates
Significant Revenue and EBITDA Growth
The company reported $553 million in revenue and adjusted EBITDA of $34 million, marking a 30% year-over-year increase in EBITDA.
Increased Orders and Backlog
Orders increased to $491 million from $425 million last year, and the backlog ended at $667 million.
Record Non-New Machine Sales
Non-new machine sales were $177 million, up 5% year-over-year, and reached a record $667 million on a trailing 12-month basis.
Improvements in Safety and Productivity
The company achieved a 36% drop in the recordable injury rate and a 30% improvement in productivity at the Zhangjiagang factory with flat headcount.
Strong Performance in European Tower Crane Market
Tower crane orders grew 34% year-over-year, marking the fifth consecutive quarter of improvement.
Positive Market Developments in Europe and Middle East
Encouraging signs in Europe with increased housing permits and infrastructure investments, and strong market conditions in the Middle East.
Negative Updates
Tariff Headwinds and Uncertainty
The company faced major tariff-related obstacles, with a $44 million gross tariff cost expected for 2025, and uncertainty surrounding future tariff strategies.
Challenges in North American Market
The volatility and uncertainty due to tariff impacts and the 'great trade reset' created challenges, affecting demand for certain products.
Delayed Cash Generation
Working capital improvements were limited, delaying cash generation, with a challenging target of $100 million free cash flow to meet guidance.
Company Guidance
During the third quarter of 2025, Manitowoc Company reported a revenue of $553 million and an adjusted EBITDA of $34 million, marking a 30% increase year-over-year. Orders for the quarter reached $491 million, up from $425 million in the previous year, and the company's backlog ended at $667 million. Non-new machine sales hit $177 million, a 5% increase from the prior year, and reached a record $667 million on a trailing 12-month basis. The company achieved a recordable injury rate (RIR) of 0.83, reflecting a 36% reduction compared to the same period last year. Additionally, Manitowoc's tower crane orders for new machines grew by 34% year-over-year, and mobile crane orders increased by 28% versus last year. Despite challenges from tariffs, which are estimated to have a gross cost of approximately $44 million for 2025, the company expects to mitigate 80% to 90% of these costs. Adjusted EBITDA margin improved to 6%, an increase of 120 basis points over the previous year.Manitowoc Company Financial Statement Overview
Summary
Manitowoc Company demonstrates moderate financial health with stable profitability and manageable leverage. The income statement shows potential for growth, but cash flow challenges could impact liquidity. The balance sheet remains robust, supporting long-term stability. Continued focus on improving cash flow generation will be crucial for enhancing overall financial performance.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.65
Positive
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.70
Positive
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.55
Neutral
| 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
Positive
13.89
Price Trends
12.01
Positive
11.19
Positive
10.88
Positive
Market Momentum
0.47
Negative
66.80
Neutral
87.30
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 13.89 is above the 20-day moving average (MA) of 12.96, above the 50-day MA of 12.01, and above the 200-day MA of 10.88, indicating a bullish trend. The MACD of 0.47 indicates Negative momentum. The RSI at 66.80 is Neutral, neither overbought nor oversold. The STOCH value of 87.30 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 29 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $9.54B | 14.70 | 15.42% | 1.56% | -2.28% | -0.53% | |
71 Outperform | $3.98B | 25.74 | 7.85% | 1.24% | 4.60% | -65.73% | |
70 Outperform | $492.69M | 8.71 | 8.82% | ― | -0.83% | ― | |
70 Outperform | $2.31B | 19.77 | 10.82% | 0.69% | -2.73% | -2.91% | |
66 Neutral | $1.12B | 23.42 | 7.37% | 1.14% | 6.66% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | $588.42M | 225.25 | 0.51% | 4.61% | -8.30% | -98.18% |
* Industrials Sector Average
MTW
Manitowoc Company
13.89
4.75
51.97%
ALG
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5.63%
ASTE
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OSK
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TEX
Terex
60.71
13.97
29.89%
HY
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33.18
-18.56
-35.87%
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.