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Manitowoc Company
(NYSE:MTW)
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Rating:50Neutral
Price Target:
$11.50
▼(-11.61% Downside)
Action:Reiterated
Date:05/09/26
MTW scores lower mainly due to materially weakened profitability and very thin/uneven cash generation, which outweigh a relatively stable balance sheet. The earnings call adds support through reaffirmed guidance, better order/backlog trends, and improved Q1 free cash flow, while technicals are broadly neutral and valuation is constrained by a negative P/E.
Positive Factors
Balance-sheet stability and improving leverage
Improving debt-to-equity and steady assets provide structural financial resilience for a cyclical equipment maker. A stronger balance sheet supports capital expenditures, warranty/service commitments and access to financing over the next several quarters, reducing downside during demand troughs.
Negative Factors
Material compression in profitability
Sharply lower net margins and declining adjusted EBITDA signal weaker earnings power versus recent history. Persistently compressed profitability limits reinvestment, weakens ROE, and reduces the cushion for cyclical downturns, making operational recovery needed to restore long-term value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet stability and improving leverage
Improving debt-to-equity and steady assets provide structural financial resilience for a cyclical equipment maker. A stronger balance sheet supports capital expenditures, warranty/service commitments and access to financing over the next several quarters, reducing downside during demand troughs.
Read all positive factors
Manitowoc Company Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Measures profitability at the business‑unit level to show which segments actually convert sales into earnings. For investors in Manitowoc, segment operating income exposes margin differences, reveals where capital and cost discipline are working or failing, and flags businesses that may need restructuring or that could fund expansion.
Measures profitability at the business‑unit level to show which segments actually convert sales into earnings. For investors in Manitowoc, segment operating income exposes margin differences, reveals where capital and cost discipline are working or failing, and flags businesses that may need restructuring or that could fund expansion.
Data provided by:
The Fly
The FlyManitowoc Company (MTW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$449.59M
Dividend YieldN/A
Average Volume (3M)235.93K
Price to Earnings (P/E)59.0
Beta (1Y)1.55
Revenue Growth5.14%
EPS Growth-83.42%
CountryUS
Employees4,740
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.21
Shares Outstanding35,909,584
10 Day Avg. Volume301,703
30 Day Avg. Volume235,927
Financial Highlights & Ratios
PEG Ratio-0.69
Price to Book (P/B)0.61
Price to Sales (P/S)0.19
P/FCF Ratio-27.76
Enterprise Value/Market Cap1.95
Enterprise Value/Revenue0.39
Enterprise Value/Gross Profit2.14
Enterprise Value/Ebitda7.80
Forecast
1Y Price Target
$10.50Price Target Upside-19.29% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)0.48
Revenue Forecast (FY)$2.22B
Manitowoc Company Business Overview & Revenue Model
Company Description
The Manitowoc Company, Inc., together with its subsidiaries, provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. The company designs, manufactures, and distributes crawler-...
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 Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call balanced clear operational and financial progress (record TTM aftermarket sales, stronger backlog and April orders, service expansion, product launches, ServiceMax implementation, improved free cash flow and an S&P upgrade) against near-term headwinds (tariff-related costs and uncertainty, a 10% decline in adjusted EBITDA, inventory build and used-equipment weakness, and geopolitical/logistics risk). Management reaffirmed guidance and highlighted momentum in several regions, indicating confidence in recovery and execution over the year.Positive Updates
Strong Order Activity and Backlog
Orders in Q1 were approximately $646–$650 million (flat year-over-year on a currency-neutral basis). Backlog ended the quarter at $940 million, up $146 million sequentially. April orders were strong, expected between $225 million and $250 million, above the Q1 run rate.
Negative Updates
Compressed Profitability — Adjusted EBITDA Decline
Adjusted EBITDA in Q1 was $20 million, down $2 million or 10% year-over-year. Tariffs negatively impacted results by approximately $2 million in the quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Order Activity and Backlog
Orders in Q1 were approximately $646–$650 million (flat year-over-year on a currency-neutral basis). Backlog ended the quarter at $940 million, up $146 million sequentially. April orders were strong, expected between $225 million and $250 million, above the Q1 run rate.
Read all positive updates
Company Guidance
Management reaffirmed full-year guidance of net sales of $2.25–$2.35 billion and adjusted EBITDA of $125–$150 million, citing support from Q1 orders of $646 million, backlog of $940 million (up $146 million sequentially), and strong April orders of $225–$250 million; Q1 results included net sales of $495 million, non-new machine sales of $166 million (record trailing-12-month non-new machine sales of $696 million, +8% YoY), adjusted EBITDA of $20 million (down $2 million, or 10% YoY, with tariffs costing ~$2 million), SG&A of $91 million (adjusted +$7 million, $3 million FX), net working capital of $536 million (inventory drivers: $26 million FX, $15 million tariffs, $10 million prototypes), operating cash flow of $27 million, capex of $8 million (including $6 million rental), free cash flow of $19 million (up $17 million YoY), liquidity of $316 million, net leverage of 3.1x, and an S&P upgrade to B+; management also noted tariff payments of roughly $25 million (AIIPA) and $18 million (232 prior to April) and growing aftermarket capacity (567 field service techs, +50 in Q1) as additional drivers of the outlook.Manitowoc Company Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.26B | 2.24B | 2.18B | 2.23B | 2.03B | 1.72B |
| Gross Profit | 410.90M | 404.70M | 375.00M | 425.20M | 364.50M | 307.20M |
| EBITDA | 112.50M | 113.10M | 112.90M | 139.20M | -24.90M | 92.90M |
| Net Income | 7.50M | 7.20M | 55.80M | 39.20M | -123.60M | 11.00M |
Balance Sheet | ||||||
| Total Assets | 1.84B | 1.82B | 1.66B | 1.71B | 1.62B | 1.78B |
| Cash, Cash Equivalents and Short-Term Investments | 78.40M | 77.30M | 48.00M | 34.40M | 64.40M | 75.40M |
| Total Debt | 499.30M | 583.30M | 437.20M | 419.30M | 419.90M | 436.40M |
| Total Liabilities | 1.16B | 1.12B | 1.02B | 1.10B | 1.08B | 1.11B |
| Stockholders Equity | 685.90M | 695.20M | 640.10M | 603.30M | 537.80M | 662.40M |
Cash Flow | ||||||
| Free Cash Flow | 1.80M | -15.30M | 3.50M | -14.40M | 15.10M | 35.80M |
| Operating Cash Flow | 36.70M | 22.20M | 49.20M | 63.00M | 76.90M | 76.20M |
| Investing Cash Flow | -33.80M | -49.50M | -40.40M | -71.80M | -58.00M | -226.30M |
| Financing Cash Flow | 37.40M | 54.80M | 6.70M | -21.40M | -29.90M | 100.90M |
Manitowoc Company Technical Analysis
Negative
13.01
Price Trends
12.74
Negative
12.94
Negative
12.35
Positive
Market Momentum
0.30
Positive
45.11
Neutral
30.20
Neutral
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 13.01 is above the 20-day moving average (MA) of 12.91, above the 50-day MA of 12.74, and above the 200-day MA of 12.35, indicating a neutral trend. The MACD of 0.30 indicates Positive momentum. The RSI at 45.11 is Neutral, neither overbought nor oversold. The STOCH value of 30.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $8.90B | 15.80 | 12.85% | 1.56% | -0.92% | -4.01% | |
67 Neutral | $7.78B | 40.33 | 3.93% | 1.24% | 17.03% | -43.69% | |
64 Neutral | $2.07B | 20.24 | 8.86% | 0.69% | 2.26% | -12.86% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | $1.32B | 51.09 | 3.82% | 1.14% | 11.47% | 69.53% | |
50 Neutral | $449.59M | 58.97 | 1.09% | ― | 5.14% | -83.42% | |
49 Neutral | $573.16M | -5.72 | -20.01% | 4.61% | -12.21% | -198.36% |
* Industrials Sector Average
MTW
Manitowoc Company
12.52
-0.25
-1.96%
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TEX
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68.16
18.99
38.64%
HY
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31.99
-8.82
-21.62%
Manitowoc Company Corporate Events
Executive/Board ChangesShareholder Meetings
Manitowoc Shareholders Back Directors, Auditor and Incentive Plan
Positive
May 6, 2026
At its May 5, 2026 annual meeting, The Manitowoc Company, Inc. saw shareholders elect nine directors to one-year terms expiring in 2027, signaling continuity in board oversight and governance as the company navigates its end markets. Shareholders ...
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....
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.