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Manitowoc Company
(NYSE:MTW)
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Rating:61Neutral
Price Target:
$20.00
▲(39.18% Upside)
Action:Reiterated
Date:08/09/26
MTW scores in the low-60s primarily because financial performance is improving but still uneven (thin net margins and historical volatility), while the earnings call provided a strong near-term catalyst via raised guidance and surging orders/backlog. Technicals are supportive but overbought (RSI ~81), and valuation remains a notable headwind given the high P/E (~65) with no dividend support.
Positive Factors
Order & Backlog Growth
A >$1B backlog and 56% YoY order growth materially improve revenue visibility and production planning for the next 12+ months. This steadier demand pipeline supports manufacturing utilization, reduces short-term cyclic exposure, and underpins predictable aftermarket conversion.
Negative Factors
Thin Net Profitability
Very low net margins and weak ROE limit the company's ability to absorb cost shocks or fund growth internally. Thin bottom-line profitability increases sensitivity to commodity, pricing, or warranty swings and constrains sustainable retained earnings for capital expenditure or deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
Order & Backlog Growth
A >$1B backlog and 56% YoY order growth materially improve revenue visibility and production planning for the next 12+ months. This steadier demand pipeline supports manufacturing utilization, reduces short-term cyclic exposure, and underpins predictable aftermarket conversion.
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
$688.42M
Dividend YieldN/A
Average Volume (3M)235.93K
Price to Earnings (P/E)35.1
Beta (1Y)1.77
Revenue Growth8.86%
EPS Growth-55.83%
CountryUS
Employees4,700
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.56
Shares Outstanding36,061,970
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$14.00Price Target Upside-2.57% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)0.92
Revenue Forecast (FY)$2.32B
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 makes money primarily by selling new cranes and related lifting equipment to customers such as construction firms, infrastructure contractors, industrial operators, and equipment dealers/rental fleets. A significant additional revenue st...
Manitowoc Company Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call conveyed materially positive operational and financial momentum: strong order growth (+56% YoY to $709M), backlog >$1B, double-digit revenue growth (+10% YoY) and near-doubling of adjusted EBITDA (to $49M) with margin expansion. Management raised full-year guidance and reduced net leverage to ~2.6x, while executing on aftermarket growth, AI adoption, safety improvements and tariff recoveries. Principal headwinds are manageable: modest quarterly free cash flow outflow, tariff accounting complexity, regional geopolitical risk (Iran), product timing related to standards, and a relatively modest cash balance. Overall, the positives substantially outweigh the risks and uncertainties highlighted on the call.Positive Updates
Record Orders and Backlog Expansion
Orders of $709 million in Q2, up 56% year-over-year; book-to-bill ~1.2. Backlog ended at $1.05 billion, up $110 million sequentially and $321 million year-over-year, with approximately $750 million expected to ship this year.
Negative Updates
Quarterly Free Cash Flow and Operating Cash Constraints
Q2 cash flow from operations was $8 million and free cash flow was a use of $6 million (capex $14 million, including $9 million for rental fleet), indicating limited near-term organic cash generation despite improved YoY performance.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Orders and Backlog Expansion
Orders of $709 million in Q2, up 56% year-over-year; book-to-bill ~1.2. Backlog ended at $1.05 billion, up $110 million sequentially and $321 million year-over-year, with approximately $750 million expected to ship this year.
Read all positive updates
Company Guidance
Management raised full‑year guidance to net sales of $2.3–$2.4 billion, adjusted EBITDA of $150–$170 million, adjusted diluted EPS of $0.80–$1.20, and free cash flow of $50–$70 million; the midpoint uplift (from a prior EBITDA midpoint of $137.5M to $160M) reflects roughly $50M higher revenue at the midpoint, a ~$16M net tariff‑refund benefit to adjusted EBITDA (driven by $26M cash refunds, $12M recognized in Q2 and about $4M expected in Q3), and higher variable compensation (total bridge ≈ $22.5M at the midpoint). The guidance is supported by Q2 results: orders $709M (+56% YoY) with a 1.2 book‑to‑bill, backlog $1.05B (≈$750M expected to ship this year), Q2 net sales $595M (+10% YoY), Q2 adjusted EBITDA $49M (margin >8%), net leverage ~2.6x, cash $96M and total liquidity $304M.Manitowoc Company Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.32B | 2.24B | 2.18B | 2.23B | 2.03B | 1.72B |
| Gross Profit | 435.00M | 404.70M | 375.00M | 425.20M | 364.50M | 307.20M |
| EBITDA | 132.10M | 113.10M | 112.90M | 139.20M | -24.90M | 92.90M |
| Net Income | 20.20M | 7.20M | 55.80M | 39.20M | -123.60M | 11.00M |
Balance Sheet | ||||||
| Total Assets | 1.92B | 1.82B | 1.66B | 1.71B | 1.62B | 1.78B |
| Cash, Cash Equivalents and Short-Term Investments | 95.80M | 77.30M | 48.00M | 34.40M | 64.40M | 75.40M |
| Total Debt | 518.40M | 583.30M | 437.20M | 419.30M | 419.90M | 436.40M |
| Total Liabilities | 1.22B | 1.12B | 1.02B | 1.10B | 1.08B | 1.11B |
| Stockholders Equity | 701.10M | 695.20M | 640.10M | 603.30M | 537.80M | 662.40M |
Cash Flow | ||||||
| Free Cash Flow | 69.40M | -15.30M | 3.50M | -14.40M | 15.10M | 35.80M |
| Operating Cash Flow | 112.40M | 22.20M | 49.20M | 63.00M | 76.90M | 76.20M |
| Investing Cash Flow | -40.30M | -49.50M | -40.40M | -71.80M | -58.00M | -226.30M |
| Financing Cash Flow | -4.80M | 54.80M | 6.70M | -21.40M | -29.90M | 100.90M |
Manitowoc Company Technical Analysis
Positive
14.37
Price Trends
14.76
Positive
13.65
Positive
13.21
Positive
Market Momentum
1.66
Negative
70.15
Negative
37.80
Neutral
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 14.37 is below the 20-day moving average (MA) of 17.21, below the 50-day MA of 14.76, and above the 200-day MA of 13.21, indicating a bullish trend. The MACD of 1.66 indicates Negative momentum. The RSI at 70.15 is Negative, neither overbought nor oversold. The STOCH value of 37.80 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.98B | 19.59 | 8.70% | 0.80% | 4.07% | -15.07% | |
72 Outperform | $9.43B | 17.87 | 12.32% | 1.39% | 1.93% | -12.16% | |
64 Neutral | $7.34B | 33.41 | 4.30% | 0.97% | 29.17% | -27.70% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $688.42M | 35.14 | 2.92% | ― | 8.86% | -55.83% | |
54 Neutral | $964.07M | 50.64 | 2.88% | 0.92% | 18.70% | -57.51% | |
46 Neutral | $590.45M | -5.29 | -25.53% | 4.37% | -11.14% | -614.21% |
* Industrials Sector Average
MTW
Manitowoc Company
19.68
9.57
94.66%
ALG
Alamo Group
164.40
-55.48
-25.23%
ASTE
Astec
43.55
-1.91
-4.20%
OSK
Oshkosh
157.09
17.15
12.26%
TEX
Terex
66.48
15.50
30.40%
HY
Hyster-Yale Materials Handling
34.71
-2.74
-7.33%
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.