Columbus McKinnon (CMCO)


Market Price (11/8/2026): $17.64 | Market Cap: $510.3 MilSector: Industrials | Industry: Agricultural & Farm Machinery

Columbus McKinnon (CMCO)


Market Price (11/8/2026): $17.64
Market Cap: $510.3 Mil
Sector: Industrials
Industry: Agricultural & Farm Machinery

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 81%

Megatrend and thematic drivers
Megatrends include Automation & Robotics. Themes include Industrial Robotics, Factory Automation, and Process / Warehouse Automation.

Weak multi-year price returns
2Y Excs Rtn is -72%, 3Y Excs Rtn is -114%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -22 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.2%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 452%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -7.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.7%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -72%

Key risks
CMCO key risks include [1] the competitive challenge of translating its "Intelligent Motion Solutions" strategy into market-leading products faster than rivals and [2] its high debt and leverage, Show more.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 81%
1 Megatrend and thematic drivers
Megatrends include Automation & Robotics. Themes include Industrial Robotics, Factory Automation, and Process / Warehouse Automation.
2 Weak multi-year price returns
2Y Excs Rtn is -72%, 3Y Excs Rtn is -114%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -22 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.2%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 452%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -7.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.7%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -72%
7 Key risks
CMCO key risks include [1] the competitive challenge of translating its "Intelligent Motion Solutions" strategy into market-leading products faster than rivals and [2] its high debt and leverage, Show more.

CMCO in ETFs

Weight = CMCO's share of each fund

VTI0.00%
ITOT0.00%
IWM0.02%
FNDA0.04%
IWN0.03%
VTWO0.01%
SCHA0.01%
DFAS0.01%
+3 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/6/2026

Columbus McKinnon (CMCO) stock has lost about 5% since 7/31/2026 because of the following key factors:

1. Persistent High Debt and Increasing Interest Expenses

Columbus McKinnon (CMCO), whose fiscal year ends on March 31, continued to contend with a substantial net debt load, recorded at $2.24 billion at the close of fiscal Q1 2027 (ended June 30, 2026). This resulted in a credit agreement net leverage ratio of 4.9x. Although the company completed an opportunistic repricing of approximately $2 billion in term loans and revolving facilities in September 2026, which was projected to reduce annual cash interest expenses by at least $7.3 million, the overall debt level and its associated interest burden remained a concern for investors. This was further highlighted in the fiscal Q2 2027 (ended September 30, 2026) results, where adjusted net income declined by $0.01 year-over-year to $0.61 per share, primarily driven by higher interest expense and an increased share count resulting from the inclusion of common shares issuable upon conversion of preferred shares. During fiscal Q2 2027, the company also experienced a free cash flow burn of $15.4 million and a net increase in borrowed funds of $33.8 million, indicating ongoing challenges in deleveraging the balance sheet.

2. Deceleration in Organic Volume Growth and Underlying Profitability Concerns

Following a robust 12.7% organic growth for Legacy CMCO in fiscal Q1 2027 (ended June 30, 2026), the company's full-year fiscal 2027 Adjusted EBITDA guidance implied a potential deceleration in adjusted margin from 21.0% in Q1 to approximately 19.5% for the full year, suggesting that some material cost benefits experienced in Q1 might not be sustainable in subsequent quarters. This concern was later substantiated by data from fiscal Q2 2027 (ended September 30, 2026), which showed that underlying sales growth for Legacy CMCO slowed to 5.3% from 12.7% in Q1. Critically, actual unit volume contributed only 1.0 percentage point to this growth in Q2, a significant decrease from 8.0 percentage points in Q1, indicating that price increases were largely masking a slowdown in fundamental volume demand.

Show more
Updated on 11/6/2026

Columbus McKinnon (CMCO) stock has lost about 5% since 7/31/2026 because of the following key factors:

1. Persistent High Debt and Increasing Interest Expenses

Columbus McKinnon (CMCO), whose fiscal year ends on March 31, continued to contend with a substantial net debt load, recorded at $2.24 billion at the close of fiscal Q1 2027 (ended June 30, 2026). This resulted in a credit agreement net leverage ratio of 4.9x. Although the company completed an opportunistic repricing of approximately $2 billion in term loans and revolving facilities in September 2026, which was projected to reduce annual cash interest expenses by at least $7.3 million, the overall debt level and its associated interest burden remained a concern for investors. This was further highlighted in the fiscal Q2 2027 (ended September 30, 2026) results, where adjusted net income declined by $0.01 year-over-year to $0.61 per share, primarily driven by higher interest expense and an increased share count resulting from the inclusion of common shares issuable upon conversion of preferred shares. During fiscal Q2 2027, the company also experienced a free cash flow burn of $15.4 million and a net increase in borrowed funds of $33.8 million, indicating ongoing challenges in deleveraging the balance sheet.

2. Deceleration in Organic Volume Growth and Underlying Profitability Concerns

Following a robust 12.7% organic growth for Legacy CMCO in fiscal Q1 2027 (ended June 30, 2026), the company's full-year fiscal 2027 Adjusted EBITDA guidance implied a potential deceleration in adjusted margin from 21.0% in Q1 to approximately 19.5% for the full year, suggesting that some material cost benefits experienced in Q1 might not be sustainable in subsequent quarters. This concern was later substantiated by data from fiscal Q2 2027 (ended September 30, 2026), which showed that underlying sales growth for Legacy CMCO slowed to 5.3% from 12.7% in Q1. Critically, actual unit volume contributed only 1.0 percentage point to this growth in Q2, a significant decrease from 8.0 percentage points in Q1, indicating that price increases were largely masking a slowdown in fundamental volume demand.

3. Broader Macroeconomic Headwinds and Manufacturing Cost Pressures

The industrial manufacturing sector, relevant to Columbus McKinnon's operations, faced several macroeconomic headwinds that contributed to investor caution during the period. Manufacturers anticipated a continued rise in raw material and other input costs, projected to increase by 5.0% over the next year, along with ongoing trade uncertainty and global disruptions exerting pressure on supply chains. Rising transportation and fuel costs were also identified as significant challenges. The "Manufacturers' Outlook Survey: Third Quarter 2026" indicated that despite improving demand and confidence, many manufacturers remained cautious about increasing their workforce due to elevated employment, energy, and input costs, which continued to weigh on business decisions and profit margins.

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Stock Movement Drivers

Fundamental Drivers

The -7.4% change in CMCO stock from 7/31/2026 to 11/7/2026 was primarily driven by a -21.7% change in the company's P/S Multiple.
(LTM values as of)731202611072026Change
Stock Price ($)19.0217.62-7.4%
Change Contribution By: 
Total Revenues ($ Mil)1,4891,76718.7%
P/S Multiple0.40.3-21.7%
Shares Outstanding (Mil)2929-0.4%
Cumulative Contribution-7.4%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/7/2026
ReturnCorrelation
CMCO-7.4% 
Market (SPY)-1.6%57.5%
Sector (XLI)-9.5%73.1%

Fundamental Drivers

The 15.4% change in CMCO stock from 4/30/2026 to 11/7/2026 was primarily driven by a 76.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)430202611072026Change
Stock Price ($)15.2617.6215.4%
Change Contribution By: 
Total Revenues ($ Mil)1,0031,76776.3%
P/S Multiple0.40.3-34.1%
Shares Outstanding (Mil)2929-0.6%
Cumulative Contribution15.4%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/7/2026
ReturnCorrelation
CMCO15.4% 
Market (SPY)2.6%54.2%
Sector (XLI)-6.6%53.8%

Fundamental Drivers

The 10.8% change in CMCO stock from 10/31/2025 to 11/7/2026 was primarily driven by a 80.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202511072026Change
Stock Price ($)15.9117.6210.8%
Change Contribution By: 
Total Revenues ($ Mil)9781,76780.7%
P/S Multiple0.50.3-38.3%
Shares Outstanding (Mil)2929-0.6%
Cumulative Contribution10.8%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/7/2026
ReturnCorrelation
CMCO10.8% 
Market (SPY)8.7%55.4%
Sector (XLI)5.8%56.7%

Fundamental Drivers

The -39.9% change in CMCO stock from 10/31/2023 to 11/7/2026 was primarily driven by a -67.4% change in the company's P/S Multiple.
(LTM values as of)1031202311072026Change
Stock Price ($)29.3417.62-39.9%
Change Contribution By: 
Total Revenues ($ Mil)9511,76785.7%
P/S Multiple0.90.3-67.4%
Shares Outstanding (Mil)2929-0.8%
Cumulative Contribution-39.9%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/7/2026
ReturnCorrelation
CMCO-39.9% 
Market (SPY)81.9%46.5%
Sector (XLI)72.0%53.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CMCO Return21%-29%21%-4%-53%4%-51%
Peers Return14%14%15%-9%-13%11%32%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
CMCO Win Rate50%42%67%50%42%45% 
Peers Win Rate54%54%44%42%48%40% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
CMCO Max Drawdown-23%-50%-29%-34%-66%-48% 
Peers Max Drawdown-27%-35%-23%-30%-36%-27% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DE, AGCO, WNC, GENC, GP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/6/2026 (YTD)

How Low Can It Go

EventCMCOS&P 500
2025 US Tariff Shock
  % Loss-38.8%-18.8%
  % Gain to Breakeven63.4%23.1%
  Time to Breakeven279 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-25.6%-9.5%
  % Gain to Breakeven34.4%10.5%
  Time to Breakeven98 days24 days
2023 SVB Regional Banking Crisis
  % Loss-10.1%-6.7%
  % Gain to Breakeven11.2%7.1%
  Time to Breakeven31 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-46.7%-24.5%
  % Gain to Breakeven87.8%32.4%
  Time to Breakeven586 days427 days
2020 COVID-19 Crash
  % Loss-46.3%-33.7%
  % Gain to Breakeven86.1%50.9%
  Time to Breakeven146 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-26.7%-19.2%
  % Gain to Breakeven36.4%23.8%
  Time to Breakeven97 days105 days

Compare to DE, AGCO, WNC, GENC, CNH

In The Past

Columbus McKinnon's stock fell -38.8% during the 2025 US Tariff Shock. Such a loss loss requires a 63.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCMCOS&P 500
2025 US Tariff Shock
  % Loss-38.8%-18.8%
  % Gain to Breakeven63.4%23.1%
  Time to Breakeven279 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-25.6%-9.5%
  % Gain to Breakeven34.4%10.5%
  Time to Breakeven98 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-46.7%-24.5%
  % Gain to Breakeven87.8%32.4%
  Time to Breakeven586 days427 days
2020 COVID-19 Crash
  % Loss-46.3%-33.7%
  % Gain to Breakeven86.1%50.9%
  Time to Breakeven146 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-26.7%-19.2%
  % Gain to Breakeven36.4%23.8%
  Time to Breakeven97 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-38.0%-12.2%
  % Gain to Breakeven61.3%13.9%
  Time to Breakeven259 days62 days
2014-2016 Oil Price Collapse
  % Loss-45.1%-6.8%
  % Gain to Breakeven82.2%7.3%
  Time to Breakeven279 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-40.8%-17.9%
  % Gain to Breakeven68.9%21.8%
  Time to Breakeven139 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-32.1%-15.4%
  % Gain to Breakeven47.3%18.2%
  Time to Breakeven156 days125 days
2008-2009 Global Financial Crisis
  % Loss-79.2%-53.4%
  % Gain to Breakeven381.3%114.4%
  Time to Breakeven3101 days1085 days
Summer 2007 Credit Crunch
  % Loss-28.5%-8.6%
  % Gain to Breakeven39.9%9.5%
  Time to Breakeven76 days47 days

Compare to DE, AGCO, WNC, GENC, CNH

In The Past

Columbus McKinnon's stock fell -38.8% during the 2025 US Tariff Shock. Such a loss loss requires a 63.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Columbus McKinnon (CMCO)

Columbus McKinnon Corporation (CMCO) is a global designer, manufacturer, and marketer of intelligent motion solutions. The company's core mission is to enable customers worldwide to ergonomically and safely move, lift, position, and secure materials across a wide range of industrial and commercial applications. Essentially, CMCO provides critical equipment and technologies that facilitate material handling and precise movement in various operational settings.

CMCO's extensive product portfolio includes a diverse array of hoists (electric, air-powered, manual, and custom-engineered), comprehensive crane systems (from components and kits to workstation and jib cranes), and various rigging equipment like shackles, chains, and lifting slings. Beyond traditional lifting and rigging, the company also offers specialized rotary unions, mechanical and electromechanical actuators, and advanced power and motion technology products. These include AC/DC motor controls, automation systems, brakes, radio controls, and various conveyor systems for efficient material flow.

The company serves a broad spectrum of market verticals, reflecting the universal need for material handling solutions. Key industries include general manufacturing, energy and utilities, construction and infrastructure, food processing, entertainment, life sciences, and the rapidly growing e-commerce/supply chain/warehousing sectors. CMCO reaches its global customer base through a multi-channel approach, selling directly to end-users, and leveraging a network of distributors, independent crane builders, material handling specialists, and original equipment manufacturers (OEMs).

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Here are 1-3 brief analogies for Columbus McKinnon (CMCO):

  • It's like Rockwell Automation for physical material handling and lifting equipment.
  • It's like Terex, but for the material handling *inside* factories and warehouses, providing specialized cranes, hoists, and conveyor systems.

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  • Hoists and Winches: Devices including electric, air-powered, lever, and hand hoists, along with winches, designed for lifting and pulling materials.
  • Crane Systems: Comprehensive solutions encompassing crane components, kits, and various types of cranes like workstation, jib, and mobile cranes, for controlled material handling.
  • Rigging Equipment: A range of tools and accessories such as shackles, chains, slings, and clamps used for securing, lifting, and lashing loads.
  • Actuators: Mechanical and electromechanical devices that convert energy into controlled mechanical motion for various industrial applications.
  • Rotary Unions and Swivel Joints: Components enabling the transfer of fluids and gases across rotating interfaces in machinery.
  • Power and Motion Technology Products: Systems and components including motor controls, brakes, radio controls, and automation diagnostics for power delivery and motion control.
  • Conveyor Systems: Various types of conveyors, including belt, chain, and pallet systems, designed for automated material transport along a fixed path.
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AI Analysis | Feedback

Columbus McKinnon (CMCO) primarily sells its intelligent motion solutions to other companies (Business-to-Business, B2B).

Based on the provided background information, specific names of major customer companies are not listed. Instead, the company serves a wide array of industries and reaches its end users through various types of business channels. These major customer categories and channels include:

  • Market Verticals (Industries): General industries, mobile industries, energy and utilities, process industries, industrial automation, construction and infrastructure, food processing, entertainment, life sciences, consumer packaged goods, and e-commerce/supply chain/warehousing.
  • Sales Channels and Intermediaries: Distributors, independent crane builders, material handling specialists and integrators, government agencies, original equipment manufacturers (OEMs), and engineering procurement and construction (EPC) firms.

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David J. Wilson, President and Chief Executive Officer

David J. Wilson joined Columbus McKinnon Corporation as President and Chief Executive Officer on June 1, 2020. Before joining Columbus McKinnon, Mr. Wilson served as President of Flowserve Corporation's Pumps Division from 2018 to 2020 and as President of Flowserve's Industrial Products Division, which he joined in 2017. Prior to his time at Flowserve, he was President of the Industrial segment of SPX FLOW, Inc. He was with SPX Corporation and SPX FLOW from 1998 to 2017, where he progressed through various promotions, including leading several global operating businesses and spending six years as President of Asia Pacific. Mr. Wilson also led successful corporate development initiatives as Vice President of Business Development for multiple businesses. His career began with operating and engineering leadership positions at Polaroid Corporation.

Gregory P. Rustowicz, Executive Vice President Finance and Chief Financial Officer

Gregory P. Rustowicz joined Columbus McKinnon in 2011 as Vice President of Finance and Chief Financial Officer, and was promoted to Executive Vice President of Finance and Chief Financial Officer in July 2022. Previously, he spent 20 years at PPG Industries, Inc., advancing through finance and accounting roles, including Group Chief Financial Officer of PPG's Glass, Fiber Glass, and Chemicals businesses. After leaving PPG, he served as Corporate Treasurer and later Vice President of Finance for Momentive Performance Materials. Mr. Rustowicz started his career as a CPA with KPMG Peat Marwick. He holds a bachelor's degree in accounting from Canisius College and a Master of Science degree in industrial administration from Carnegie Mellon University.

Jon Adams, President, Americas

Jon Adams serves as the President of Americas for Columbus McKinnon. He also previously held the title of Senior Vice President, Business Integration and Strategic initiatives.

Mark Premont, Chief Product Officer

Mark Premont joined Columbus McKinnon as Chief Product Officer in 2026. He began his career in 1993 at Kito Canada, where he advanced to President. In 2016, he became an Executive Officer of Kito Corporation and Chief Operating Officer of the Americas Region. He was later appointed Chief Product Officer at Kito Corporation in 2022, a role he continued as Chief Product Officer for Kito Crosby. His experience encompasses strategic planning, marketing strategy, new business development, and operational leadership. Mr. Premont earned an MBA from Simon Fraser University.

Melissa King Ruths, Chief Marketing Officer

Melissa King Ruths joined Columbus McKinnon as Chief Marketing Officer in 2026. Her early career included various product management, business development, marketing, and strategic planning roles at Emerson, with five years based in Singapore covering the Asia Pacific region. In 2020, she moved to The Crosby Group, overseeing marketing, training, product management, and engineering functions, before becoming Chief Marketing Officer of Kito Crosby in 2023.

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The key risks to Columbus McKinnon's (CMCO) business are primarily associated with its strategic acquisitions, the inherent volatility in raw material costs, and the pressures within its competitive market.

  • Risks Associated with Acquisition Integration: Columbus McKinnon faces significant risks related to the integration of its acquisitions, particularly the Kito Crosby deal. Challenges include rationalizing operations, retaining key personnel, integrating business relationships, and potentially encountering unforeseen expenses and liabilities. This strategic move could also divert management's attention and lead to competitive responses or customer loss, hindering the realization of anticipated cost savings and synergies. The successful realization of targeted cost synergies from the Kito Crosby integration, with 20% expected in the first year post-acquisition, 60% by year two, and full realization in year three, is critical to the company's future outlook.
  • Raw Material Cost Volatility and Supply Chain Disruptions: As a manufacturer of industrial equipment, Columbus McKinnon is exposed to volatility in raw material costs and potential supply chain disruptions. These factors can directly impact the company's cost of goods and overall profitability. The company needs to manage its supply chain effectively and potentially hedge against high-grade steel exposure to stabilize margins.
  • Competitive Landscape and Market Pressures: Columbus McKinnon operates in a dynamic and competitive global material handling market. The company faces challenges from various rivals in hoists, rigging, and intelligent motion solutions. This competitive environment, along with shifts in product mix toward lower-margin offerings and the impact of tariffs, can exert pressure on sales and profitability. The company aims to achieve margin neutrality related to tariffs by proactively managing its supply chain and implementing pricing actions. The industry's evolution towards intelligent automation and software-driven solutions also requires continuous innovation to maintain a competitive edge.

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Columbus McKinnon operates in several addressable markets globally for its intelligent motion solutions. The estimated market sizes for their main products and services are as follows:

  • Industrial Hoists and Cranes: The global crane and hoist market size was valued at approximately USD 43.17 billion in 2025, with projections to reach nearly USD 59.94 billion by 2032.
  • Rigging Equipment: The global rigging gear market size was valued at approximately USD 7.5 billion in 2023 and is projected to reach around USD 11.2 billion by 2032.
  • Industrial Actuators (Mechanical and Electromechanical): The global industrial actuators market was estimated at USD 45.2 billion in 2025 and is expected to grow to USD 71.8 billion by 2035.
  • Industrial Brakes: The global industrial brakes market size was valued at USD 1.42 billion in 2024.
  • Industrial Radio Controls: The global industrial radio remote controls market was valued at approximately USD 904 million in 2025 and is anticipated to reach USD 1.25 billion by 2032.
  • Conveyor Systems: The global conveyor system market size was valued at USD 10.36 billion in 2024 and is expected to reach USD 15.07 billion by 2032.
  • Rotary Unions and Swivel Joints: The global rotating union market size was valued at USD 866 million in 2023 and is projected to grow to USD 1,224 million by 2030.

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Here are the expected drivers of future revenue growth for Columbus McKinnon (CMCO) over the next 2-3 years:
  1. Acquisition-led Growth and Synergy Realization: The recent acquisition of Kito Crosby is a significant driver, anticipated to nearly double Columbus McKinnon's revenue base and unlock substantial cost synergies over the next three years. Prior acquisitions, such as Montratec in 2023, have also contributed to sales growth, particularly in Europe.
  2. Strategic Focus on Intelligent Motion and Automation Solutions: Columbus McKinnon is strategically shifting its portfolio towards higher-margin, technology-enabled products, including intelligent motion kits, integrated hoists, drives, and digital controls. This transformation aims to capitalize on growth in key market verticals like e-commerce, warehouse automation, life sciences, and food and beverage, by embedding automation and robotic transport systems.
  3. Geographic Expansion: The company is actively pursuing intensified expansion in the Asia-Pacific region to capture growing demand for automation solutions in emerging markets. Additionally, Columbus McKinnon is scaling its presence in the European market.
  4. Strong Backlog Conversion and Commercial Initiatives: Columbus McKinnon has consistently reported a robust backlog, which indicates future revenue visibility. Management emphasizes the successful execution of commercial initiatives, especially within its automation and lifting segments, contributing to sustained order growth and the conversion of this backlog into sales. Price increases have also played a role in revenue growth.

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Capital Allocation Decisions (Last 3-5 Years)

Share Repurchases

  • On March 26, 2019, the Board of Directors approved a stock repurchase program authorizing up to $20 million of the Company's common stock.
  • No share repurchases were made during the fiscal years ended March 31, 2021, and March 31, 2022.
  • As of January 2026, Columbus McKinnon does not plan any share repurchases in the near term, prioritizing debt repayment.

Share Issuance

  • Columbus McKinnon issued $800.0 million of 7.00% Series A convertible preferred shares to private equity firm CD&R as part of the financing for the Kito Crosby acquisition, which closed on February 4, 2026.
  • Approximately 40% dilution was incurred over the decade leading up to early 2025, alongside sales growth.
  • The company's guidance for the first quarter of fiscal 2025 assumed 29.2 million diluted average shares outstanding, and for the full fiscal year 2025, it assumed 29.4 million diluted average shares outstanding.

Inbound Investments

  • CD&R, a global investment firm, provided an $800.0 million Series A cumulative convertible participating preferred share investment to Columbus McKinnon. This investment was part of the financing for the acquisition of Kito Crosby Limited, completed on February 4, 2026.

Outbound Investments

  • Columbus McKinnon completed the acquisition of Kito Crosby Limited for $2.7 billion in cash on February 4, 2026. This acquisition is expected to nearly double Columbus McKinnon's revenue base, enhance its global footprint, and unlock $70 million in targeted cost synergies over three years.
  • The Kito Crosby acquisition was financed by a $1.650 billion Term Loan B, a $500.0 million revolving credit facility, $900.0 million of 7.125% senior secured notes due 2033, and $800.0 million of 7.00% Series A convertible preferred shares.
  • The company completed the sale of its U.S. power chain hoist and chain manufacturing operations to Pacific Avenue Capital Partners for $210 million in cash on March 4, 2026, with a potential additional $25 million earnout. The proceeds from this divestiture are intended to repay a portion of its Term Loan B facility.

Capital Expenditures

  • Capital expenditures for fiscal year 2025 were $21.41 million and $24.81 million for fiscal year 2024.
  • Columbus McKinnon's guidance for fiscal year 2025 capital expenditures was in the range of $20 million to $30 million, while for fiscal year 2026, it is projected to be between $20 million and $25 million.
  • The company targets approximately 2.5% of net sales for capital expenditures, which can be flexed down to about 1.0% depending on economic conditions. A primary focus of recent capital expenditures includes the relocation and consolidation of its Linear Motion factory to Monterrey, Mexico, as part of a footprint simplification plan to optimize manufacturing and drive long-term benefits.

Better Bets vs. Columbus McKinnon (CMCO)

Peer Outperformance in Agricultural & Farm Machinery

CMCO has trailed 80% of its 15 Agricultural & Farm Machinery peers over 5Y. Agricultural & Farm Machinery ranks 16th of 23 industries in Industrials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Agricultural & Farm Machinery constituents that CMCO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
47%
of 15 industry peers · 14.3% return
3Y
20%
of 15 industry peers · -45.6% return
5Y
20%
of 15 industry peers · -65.1% return
No Agricultural & Farm Machinery peer with a comparable growth profile has beaten CMCO by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Agricultural & Farm Machinery is CMCO's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Marine Transportation 5 28.7%33.1%105.5% MATX 153% · KEX 106%
Construction & Engineering 28 -21.4%94.6%93.8% FIX 949% · STRL 830% · AGX 565%
Construction Machinery & Heavy Transportation Equipment 14 9.1%66.9%93.0% ALSN 256% · WAB 210% · CAT 195%
Aerospace & Defense 54 -2.0%55.8%55.7% ATI 891% · FTAI 850% · HWM 525%
Trading Companies & Distributors 19 11.5%30.9%31.6% DXPE 298% · AIT 187% · URI 180%
Industrial Machinery & Supplies & Components 71 1.0%48.0%28.8% CRS 795% · MLI 302% · SYM 266%
Rail Transportation 7 33.7%68.7%25.2% CSX 48% · UNP 36% · NSC 25%
Diversified Support Services 34 15.7%38.0%15.8% CXW 200% · OPLN 134% · CACI 113%
Building Products 34 -7.3%6.0%12.8% MOD 760% · GFF 339% · TT 132%
Cargo Ground Transportation 16 27.7%11.3%2.2% XPO 270% · R 245% · ARCB 19%
Industrial Conglomerates 17 14.5%6.5%-0.6% CSW 99% · CSL 70% · DD 67%
Office Services & Supplies 10 19.6%22.1%-2.5% PBI 157% · HNI 37% · MSA 18%
Electrical Components & Equipment 39 -7.8%57.6%-5.3% POWL 1454% · VRT 565% · BE 441%
Data Processing & Outsourced Services 6 -10.2%1.5%-13.8% EXLS 57% · BR 20% · G -10%
Research & Consulting Services 13 0.5%-16.2%-24.2% HURN 210% · FCN 36% · BAH 9%
Agricultural & Farm Machinery ← 16 14.8%-3.9%-25.5% DE 102% · TTC 15% · AGCO 3%
Environmental & Facilities Services 29 -22.8%26.6%-27.0% GEO 191% · CLH 168% · RSG 98%
Security & Alarm Services 9 -47.2%31.9%-27.5% BCO 65%
Passenger Airlines 11 4.0%69.0%-34.4% LTM 3140% · UAL 114% · DAL 105%
Air Freight & Logistics 12 -31.2%-9.4%-40.2% FDX 75% · EXPD 56% · CHRW 50%
Human Resource & Employment Services 22 22.1%-13.7%-42.8% ADP 48% · FA 24% · PAYX 10%
Passenger Ground Transportation 3 -22.5%38.6%-58.0% UBER 45% · CAR -58% · LYFT -68%
Airport Services 4 -42.8%-66.1%-87.0% JOBY -40%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CMCODEAGCOWNCGENCGPMedian
NameColumbus.Deere AGCO Wabash N.Gencor I.GreenPow. 
Mkt Price17.64672.90110.5010.8917.000.5817.32
Mkt Cap0.5181.57.70.40.2-0.5
Rev LTM1,76746,88210,1351,518110151,643
Op Inc LTM-228,247644-1531307
FCF LTM-1533,229294-137-2-6-4
FCF 3Y Avg-274,114465207-813
CFO LTM-1257,245545-1231-6-2
CFO 3Y Avg-48,544787599-734

Growth & Margins

CMCODEAGCOWNCGENCGPMedian
NameColumbus.Deere AGCO Wabash N.Gencor I.GreenPow. 
Rev Chg LTM80.7%8.0%0.9%-7.3%-6.4%-17.0%-2.8%
Rev Chg 3Y Avg26.9%-7.3%-10.9%-16.1%1.0%-32.1%-9.1%
Rev Chg Q106.6%4.8%-8.6%24.8%25.3%-71.7%14.8%
QoQ Delta Rev Chg LTM18.7%1.2%-2.1%6.7%6.6%-6.8%3.9%
Op Inc Chg LTM-153.8%-4.8%-2.1%-141.2%-16.6%102.7%-10.7%
Op Inc Chg 3Y Avg-74.6%-15.0%-26.8%-37.7%4.4%17.6%-20.9%
Op Mgn LTM-1.2%17.6%6.4%-10.1%11.7%2.9%4.6%
Op Mgn 3Y Avg3.8%20.4%7.2%-0.5%12.8%-55.0%5.5%
QoQ Delta Op Mgn LTM1.8%0.2%-0.2%-5.3%1.8%12.2%1.0%
CFO/Rev LTM-7.1%15.5%5.4%-8.1%1.0%-39.7%-3.1%
CFO/Rev 3Y Avg1.5%17.7%7.3%2.7%7.5%-37.2%5.0%
FCF/Rev LTM-8.7%6.9%2.9%-9.0%-1.5%-39.7%-5.1%
FCF/Rev 3Y Avg-0.5%8.5%4.4%0.6%5.9%-37.7%2.5%

Valuation

CMCODEAGCOWNCGENCGPMedian
NameColumbus.Deere AGCO Wabash N.Gencor I.GreenPow. 
Mkt Cap0.5181.57.70.40.2-0.5
P/S0.33.90.80.32.3-0.8
P/Op Inc-23.522.011.9-2.919.3-11.9
P/EBIT-3.519.415.5-2.919.3-15.5
P/E-1.537.327.4-3.216.7-16.7
P/CFO-4.125.114.1-3.6227.8-14.1
Total Yield-66.5%3.7%4.7%-28.0%6.0%-3.7%
Dividend Yield1.6%1.0%1.1%3.0%0.0%-1.1%
FCF Yield 3Y Avg-7.4%3.2%6.0%3.4%2.1%-3.2%
D/E4.70.40.41.20.0-0.4
Net D/E4.50.30.31.1-0.7-0.3

Returns

CMCODEAGCOWNCGENCGPMedian
NameColumbus.Deere AGCO Wabash N.Gencor I.GreenPow. 
1M Rtn10.9%3.1%2.2%-18.8%-6.0%-60.0%-1.9%
3M Rtn-12.4%8.6%7.8%-15.3%17.5%-60.0%-2.3%
6M Rtn11.6%17.6%-5.3%47.5%10.2%-60.0%10.9%
12M Rtn14.5%45.5%5.8%45.0%25.0%-60.0%19.7%
3Y Rtn-45.6%89.6%2.0%-43.9%22.2%-60.0%-20.9%
1M Excs Rtn15.9%8.1%7.2%-13.8%-1.0%-55.0%3.1%
3M Excs Rtn-3.4%15.6%14.7%-7.7%11.1%-55.2%3.9%
6M Excs Rtn11.9%17.9%-5.0%47.8%10.5%-59.7%11.2%
12M Excs Rtn5.3%35.1%-4.0%34.2%14.1%-68.6%9.7%
3Y Excs Rtn-114.4%14.9%-74.8%-119.2%-49.8%-134.1%-94.6%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Hoists557480495456433
Lifting and securement hardware16076747783
High-precision conveying systems149155163150145
Digital power control and delivery systems12311012210398
Actuators and rotary unions10888978585
Industrial cranes5937403843
Technology & Specialty Solutions2300  
Elevator application drive systems1517222719
Total1,1939631,014936907


Operating Income by Segment
$ Mil20082007200620052003
Products78715639 
Solutions-7-321 
Solutions Automotive    -0
Solutions Industrial    34
Total7168584133


Assets by Segment
$ Mil20082007200620032002
Products560527531 438
Solutions303935  
Solutions Automotive   3265
Solutions Industrial   451438
Total590566566483941


Price Behavior

Price Behavior
Market Price$17.62 
Market Cap ($ Bil)0.5 
First Trading Date02/28/1996 
Distance from 52W High-23.1% 
   50 Days200 Days
DMA Price$16.18$16.29
DMA Trenddowndown
Distance from DMA8.9%8.1%
 3M1YR
Volatility61.4%70.4%
Downside Capture291.46261.37
Upside Capture303.54253.75
Correlation (S&P 500)56.1%55.2%
CMCO Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta2.962.422.653.712.921.79
Up Beta8.55-0.182.536.144.081.83
Down Beta1.982.622.462.792.631.49
Up Capture294%246%228%485%456%430%
Bmk +ve Days12182862130427
Stock +ve Days11192754111352
Down Capture308%286%298%239%170%113%
Bmk -ve Days10253664121325
Stock -ve Days11243772137395

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CMCO
CMCO13.8%70.4%0.44-
Sector ETF (XLI)7.1%17.8%0.2256.5%
Equity (SPY)9.5%13.6%0.4055.2%
Gold (GLD)1.6%28.7%0.0524.6%
Commodities (DBC)38.4%21.2%1.42-21.6%
Real Estate (VNQ)11.3%14.2%0.5113.6%
Bitcoin (BTCUSD)-27.2%43.6%-0.6122.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CMCO
CMCO-17.0%51.5%-0.17-
Sector ETF (XLI)10.9%17.7%0.4556.2%
Equity (SPY)11.3%17.3%0.4849.6%
Gold (GLD)17.5%19.1%0.7413.9%
Commodities (DBC)8.1%19.6%0.303.8%
Real Estate (VNQ)1.3%18.9%-0.0435.3%
Bitcoin (BTCUSD)4.0%51.6%0.2624.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CMCO
CMCO1.1%47.5%0.20-
Sector ETF (XLI)13.0%20.1%0.5659.2%
Equity (SPY)15.0%18.0%0.7053.2%
Gold (GLD)11.9%16.5%0.598.5%
Commodities (DBC)7.5%18.1%0.3314.9%
Real Estate (VNQ)5.9%20.7%0.2441.6%
Bitcoin (BTCUSD)60.0%66.3%1.0016.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity2.5 Mil
Short Interest: % Change Since 930202611.0%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest7.6 days
Basic Shares Quantity28.9 Mil
Short % of Basic Shares8.5%

Earnings Returns History

Updated 11/6/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/202615.2%  
7/30/202641.5%47.1%26.2%
6/4/2026-9.2%-21.9%-9.7%
2/9/20260.1%-13.0%-28.7%
10/30/202515.3%5.0%8.6%
7/30/2025-14.1%-15.4%-9.7%
5/28/2025-11.8%-16.2%-14.8%
2/12/2025-4.9%-0.7%-16.2%
...
SUMMARY STATS   
# Positive121211
# Negative121112
Median Positive2.4%5.8%11.4%
Median Negative-6.2%-13.0%-10.9%
Max Positive41.5%47.1%26.6%
Max Negative-14.1%-21.9%-28.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/202615.2%  
7/30/202641.5%47.1%26.2%
6/4/2026-9.2%-21.9%-9.7%
2/9/20260.1%-13.0%-28.7%
10/30/202515.3%5.0%8.6%
7/30/2025-14.1%-15.4%-9.7%
5/28/2025-11.8%-16.2%-14.8%
2/12/2025-4.9%-0.7%-16.2%
10/30/2024-0.3%4.3%21.5%
7/31/2024-2.8%-14.4%-15.3%
5/29/2024-7.5%-15.6%-21.3%
1/31/20241.2%6.6%8.4%
11/1/20230.7%8.5%14.5%
8/2/2023-8.4%-10.2%-12.0%
5/25/20232.2%7.4%11.4%
2/1/20232.5%-3.1%1.5%
10/27/2022-1.5%1.0%12.6%
7/28/20223.2%1.4%1.1%
5/25/2022-3.9%13.0%-3.3%
1/27/20220.5%1.8%6.7%
10/28/2021-3.3%4.6%-4.9%
7/29/20210.3%-2.2%-0.4%
4/28/2021-8.1%-5.6%-4.7%
1/28/20214.5%11.7%26.6%
SUMMARY STATS   
# Positive121211
# Negative121112
Median Positive2.4%5.8%11.4%
Median Negative-6.2%-13.0%-10.9%
Max Positive41.5%47.1%26.6%
Max Negative-14.1%-21.9%-28.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202611/03/202610-Q
06/30/202607/30/202610-Q
03/31/202606/08/202610-K
12/31/202502/09/202610-Q
09/30/202510/30/202510-Q
06/30/202507/30/202510-Q
03/31/202505/28/202510-K
12/31/202402/10/202510-Q
09/30/202410/30/202410-Q
06/30/202407/31/202410-Q
03/31/202405/29/202410-K
12/31/202301/31/202410-Q
09/30/202311/01/202310-Q
06/30/202308/02/202310-Q
03/31/202305/25/202310-K
12/31/202202/01/202310-Q
Collapse to Preview
Report DateFiling DateFiling
09/30/202611/03/202610-Q
06/30/202607/30/202610-Q
03/31/202606/08/202610-K
12/31/202502/09/202610-Q
09/30/202510/30/202510-Q
06/30/202507/30/202510-Q
03/31/202505/28/202510-K
12/31/202402/10/202510-Q
09/30/202410/30/202410-Q
06/30/202407/31/202410-Q
03/31/202405/29/202410-K
12/31/202301/31/202410-Q
09/30/202311/01/202310-Q
06/30/202308/02/202310-Q
03/31/202305/25/202310-K
12/31/202202/01/202310-Q
09/30/202210/27/202210-Q
06/30/202207/28/202210-Q
03/31/202205/25/202210-K
12/31/202101/27/202210-Q
09/30/202110/28/202110-Q
06/30/202107/29/202110-Q
03/31/202105/26/202110-K
12/31/202001/28/202110-Q
09/30/202010/29/202010-Q
06/30/202007/30/202010-Q
03/31/202005/27/202010-K
12/31/201902/04/202010-Q

Recent Forward Guidance

Updated 11/4/2026

Latest: Q2 2027 Earnings Reported 11/3/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Amortization expenseReported130.00 Mil132.50 Mil135.00 Mil-3.6% LoweredGuidance: 137.50 Mil for 2027
2027 Depreciation expenseReported80.00 Mil82.50 Mil85.00 Mil6.5% RaisedGuidance: 77.50 Mil for 2027
2027 Net salesReported2.13 Bil2.15 Bil2.17 Bil1.4% RaisedGuidance: 2.12 Bil for 2027
2027 Adjusted EBITDAReported425.00 Mil432.50 Mil440.00 Mil4.8% RaisedGuidance: 412.50 Mil for 2027
2027 Interest expenseReported185.00 Mil187.50 Mil190.00 Mil0.0% AffirmedGuidance: 187.50 Mil for 2027
2027 Normalized effective tax rate as used in the calculation of Adjusted EPSReported 25.0%    
2027 Adjusted EPSReported22.082.153.8% RaisedGuidance: 2 for 2027
2027 Adjusted Diluted Shares OutstandingReported 52.00 Mil    
2027 Capital expendituresReported45.00 Mil50.00 Mil55.00 Mil   


Prior: Q1 2027 Earnings Reported 7/30/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Amortization expenseReported135.00 Mil137.50 Mil140.00 Mil   
2027 Depreciation expenseReported75.00 Mil77.50 Mil80.00 Mil   
2027 Net salesReported2.09 Bil2.12 Bil2.15 Bil1.7% RaisedGuidance: 2.08 Bil for 2027
2027 Adjusted EBITDAReported405.00 Mil412.50 Mil420.00 Mil3.1% RaisedGuidance: 400.00 Mil for 2027
2027 Interest expenseReported185.00 Mil187.50 Mil190.00 Mil   
2027 Adjusted EPSReported1.922.111.1% RaisedGuidance: 1.8 for 2027

Q4 2026 Earnings Reported 6/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 Net salesReported2.05 Bil2.08 Bil2.12 Bil   
2027 Adjusted EBITDAReported390.00 Mil400.00 Mil410.00 Mil   
2027 Adjusted EPSReported1.71.81.9   

Q3 2026 Earnings Reported 2/9/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2028 Net Leverage RatioReported 4    

Insider Activity

Updated 8/25/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Stephens, Christopher J DirectBuy821202617.142,75047,135382,513Form
2Linker, John REVP, Finance and CFOHeld jointly with spouse as joint tenants with right of survivorshipBuy804202619.677,500147,525147,525Form
3Korman, Alan SSr VP, Gen'l Counsel & SecESOP SHARESSell303202619.15302  Form
4Paradowski, Mark RSr VP Information Services&CDOESOPSell303202619.151,502  Form
5Rustowicz, Gregory PExecutive VP Finance, CFOESOPSell303202619.15242  Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Stephens, Christopher J DirectBuy821202617.142,75047,135382,513Form
2Linker, John REVP, Finance and CFOHeld jointly with spouse as joint tenants with right of survivorshipBuy804202619.677,500147,525147,525Form
3Korman, Alan SSr VP, Gen'l Counsel & SecESOP SHARESSell303202619.15302  Form
4Paradowski, Mark RSr VP Information Services&CDOESOPSell303202619.151,502  Form
5Rustowicz, Gregory PExecutive VP Finance, CFOESOPSell303202619.15242  Form
6Adams, JonPresident, AmericasDirectSell224202623.280  Form
7Adams, JonPresident, AmericasDirectSell212202623.285,185120,707218,050Form

Investor Activity (13F)

Updated Nov 8, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Diameter Capital Partners LP$10.4 Mil2.0%20New13F
Stanley Capital Management, LLC$10.5 Mil1.8%40Hold13F
Blue Grotto Capital, LLC$14.3 Mil1.6%21New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Blue Grotto Capital, LLC$14.3 Mil1.6%21New13F
Diameter Capital Partners LP$10.4 Mil2.0%20New13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Blue Grotto Capital, LLC$14.3 Mil1.6%21New13F
Stanley Capital Management, LLC$10.5 Mil1.8%40Hold13F
Diameter Capital Partners LP$10.4 Mil2.0%20New13F
Core Cache Last Updated: 11/7/2026