Tearsheet

Manitowoc (MTW)


Market Price (5/21/2026): $11.66 | Market Cap: $415.9 Mil
Sector: Industrials | Industry: Agricultural & Farm Machinery

Manitowoc (MTW)


Market Price (5/21/2026): $11.66
Market Cap: $415.9 Mil
Sector: Industrials
Industry: Agricultural & Farm Machinery

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

0

Low stock price volatility
Vol 12M is 46%

Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Offshore Wind Development, and Sustainable Infrastructure. Themes include Wind Energy Development, Show more.

Weak multi-year price returns
2Y Excs Rtn is -49%, 3Y Excs Rtn is -104%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 101%

Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 55x

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 -2.3%

Key risks
MTW key risks include [1] significant financial impact from tariffs and trade policy uncertainty and [2] operational inefficiencies leading to negative cash flow and an inability to translate order growth into sales.

0 Low stock price volatility
Vol 12M is 46%
1 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Offshore Wind Development, and Sustainable Infrastructure. Themes include Wind Energy Development, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -49%, 3Y Excs Rtn is -104%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 101%
4 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 55x
5 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 -2.3%
6 Key risks
MTW key risks include [1] significant financial impact from tariffs and trade policy uncertainty and [2] operational inefficiencies leading to negative cash flow and an inability to translate order growth into sales.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Manitowoc (MTW) stock has lost about 10% since 1/31/2026 because of the following key factors:

1. Significant Miss in Q1 2026 Earnings Expectations.

Manitowoc reported a first-quarter 2026 net loss of $6.0 million, or $(0.17) per diluted share, significantly missing analyst estimates of a positive EPS of $0.04 by $0.17. The company's revenue of $494.6 million also fell short of expectations, missing estimates of $521.76 million by approximately $27.166 million.

2. Decline in Adjusted EBITDA and Margin Pressures.

Adjusted EBITDA for the first quarter of 2026 decreased by 9.7% year-over-year to $19.6 million. This was primarily attributed to tariff-related costs, which impacted results by $2 million, and an increase in selling, general, and administrative (SG&A) expenses. SG&A expenses rose by $7 million, with $3 million of this increase due to foreign currency fluctuations and the remainder from the CONEXPO trade show and other employee-related costs.

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Stock Movement Drivers

Fundamental Drivers

The -9.7% change in MTW stock from 1/31/2026 to 5/20/2026 was primarily driven by a -87.4% change in the company's Net Income Margin (%).
(LTM values as of)13120265202026Change
Stock Price ($)12.9211.67-9.7%
Change Contribution By: 
Total Revenues ($ Mil)2,1602,2654.9%
Net Income Margin (%)2.6%0.3%-87.4%
P/E Multiple8.155.5589.1%
Shares Outstanding (Mil)3536-0.6%
Cumulative Contribution-9.7%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/20/2026
ReturnCorrelation
MTW-9.7% 
Market (SPY)7.4%56.0%
Sector (XLI)3.5%70.5%

Fundamental Drivers

The 14.7% change in MTW stock from 10/31/2025 to 5/20/2026 was primarily driven by a 591.1% change in the company's P/E Multiple.
(LTM values as of)103120255202026Change
Stock Price ($)10.1711.6714.7%
Change Contribution By: 
Total Revenues ($ Mil)2,1312,2656.3%
Net Income Margin (%)2.1%0.3%-84.3%
P/E Multiple8.055.5591.1%
Shares Outstanding (Mil)3536-0.6%
Cumulative Contribution14.7%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/20/2026
ReturnCorrelation
MTW14.7% 
Market (SPY)9.3%47.5%
Sector (XLI)10.8%63.6%

Fundamental Drivers

The 48.1% change in MTW stock from 4/30/2025 to 5/20/2026 was primarily driven by a 1018.6% change in the company's P/E Multiple.
(LTM values as of)43020255202026Change
Stock Price ($)7.8811.6748.1%
Change Contribution By: 
Total Revenues ($ Mil)2,1782,2654.0%
Net Income Margin (%)2.6%0.3%-87.1%
P/E Multiple5.055.51018.6%
Shares Outstanding (Mil)3536-1.5%
Cumulative Contribution48.1%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/20/2026
ReturnCorrelation
MTW48.1% 
Market (SPY)35.2%49.4%
Sector (XLI)31.9%62.2%

Fundamental Drivers

The -23.7% change in MTW stock from 4/30/2023 to 5/20/2026 was primarily driven by a -30.5% change in the company's P/S Multiple.
(LTM values as of)43020235202026Change
Stock Price ($)15.2911.67-23.7%
Change Contribution By: 
Total Revenues ($ Mil)2,0322,26511.4%
P/S Multiple0.30.2-30.5%
Shares Outstanding (Mil)3536-1.5%
Cumulative Contribution-23.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/20/2026
ReturnCorrelation
MTW-23.7% 
Market (SPY)85.2%46.7%
Sector (XLI)78.5%60.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MTW Return40%-51%82%-45%31%-5%-15%
Peers Return21%10%8%-8%-14%6%21%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
MTW Win Rate50%25%42%33%75%60% 
Peers Win Rate55%53%40%42%43%52% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
MTW Max Drawdown-38%-61%-38%-51%-40%-26% 
Peers Max Drawdown-25%-36%-27%-29%-36%-24% 
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, CNH.
[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 5/20/2026 (YTD)

How Low Can It Go

EventMTWS&P 500
2025 US Tariff Shock
  % Loss-40.5%-18.8%
  % Gain to Breakeven68.0%23.1%
  Time to Breakeven79 days79 days
2024 Yen Carry Trade Unwind
  % Loss-10.6%-7.8%
  % Gain to Breakeven11.8%8.5%
  Time to Breakeven82 days18 days
2022 Inflation Shock & Fed Tightening
  % Loss-59.3%-24.5%
  % Gain to Breakeven145.8%32.4%
  Time to Breakeven152 days427 days
2020 COVID-19 Crash
  % Loss-41.2%-33.7%
  % Gain to Breakeven70.2%50.9%
  Time to Breakeven231 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-45.9%-19.2%
  % Gain to Breakeven84.9%23.8%
  Time to Breakeven865 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-19.7%-3.7%
  % Gain to Breakeven24.5%3.9%
  Time to Breakeven6 days6 days

Compare to DE, AGCO, WNC, GENC, CNH

In The Past

Manitowoc's stock fell -40.5% during the 2025 US Tariff Shock. Such a loss loss requires a 68.0% 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.

EventMTWS&P 500
2025 US Tariff Shock
  % Loss-40.5%-18.8%
  % Gain to Breakeven68.0%23.1%
  Time to Breakeven79 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-59.3%-24.5%
  % Gain to Breakeven145.8%32.4%
  Time to Breakeven152 days427 days
2020 COVID-19 Crash
  % Loss-41.2%-33.7%
  % Gain to Breakeven70.2%50.9%
  Time to Breakeven231 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-45.9%-19.2%
  % Gain to Breakeven84.9%23.8%
  Time to Breakeven865 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-28.1%-12.2%
  % Gain to Breakeven39.1%13.9%
  Time to Breakeven43 days62 days
2014-2016 Oil Price Collapse
  % Loss-57.1%-6.8%
  % Gain to Breakeven133.3%7.3%
  Time to Breakeven106 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-62.4%-17.9%
  % Gain to Breakeven166.1%21.8%
  Time to Breakeven128 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-45.9%-15.4%
  % Gain to Breakeven84.7%18.2%
  Time to Breakeven214 days125 days
2008-2009 Global Financial Crisis
  % Loss-95.1%-53.4%
  % Gain to Breakeven1943.8%114.4%
  Time to Breakeven3136 days1085 days

Compare to DE, AGCO, WNC, GENC, CNH

In The Past

Manitowoc's stock fell -40.5% during the 2025 US Tariff Shock. Such a loss loss requires a 68.0% 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 Manitowoc (MTW)

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 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.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe The Manitowoc Company (MTW):

  • Caterpillar for cranes.
  • The Boeing of construction cranes.

AI Analysis | Feedback

  • Crawler-mounted lattice-boom cranes: These heavy-duty cranes are designed for large-scale construction and industrial projects, offering high lift capacities and stability.
  • Tower cranes: This category includes top-slewing and self-erecting cranes primarily used in high-rise building and urban construction.
  • Mobile hydraulic cranes: These versatile cranes are mounted on wheels for easy transport and are suitable for a wide range of lifting applications.
  • Hydraulic boom trucks: These trucks are equipped with a hydraulic boom for lifting and material handling, often used for lighter lifting tasks and utility work.
  • Crane product parts and services: Manitowoc supplies essential replacement parts and provides ongoing maintenance and support for its crane products.
  • Crane rebuilding, remanufacturing, and training services: The company offers specialized services to restore older cranes, extend their lifespan, and train operators for safe and efficient use.

AI Analysis | Feedback

The Manitowoc Company, Inc. (MTW) primarily sells its engineered lifting solutions to other companies and government entities, rather than directly to individuals. Based on the provided description, its major customers fall into the following categories:

  • Dealers: These are companies that act as distributors for Manitowoc's various crane brands, including Manitowoc, Potain, Grove, Shuttlelift, and National Crane.
  • Rental Companies: Businesses that acquire cranes from Manitowoc to then rent them out to end-users across various industries.
  • Contractors: Companies involved in a broad range of projects, such as energy production/distribution and utilities, petrochemical and industrial projects, infrastructure (e.g., road, bridge, airport construction), and commercial and high-rise residential construction.
  • Government Entities: Public sector organizations that procure cranes for various public works and projects.

The provided company description does not list specific names of customer companies within these categories, nor their public symbols.

AI Analysis | Feedback

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Aaron H. Ravenscroft, President and Chief Executive Officer

Aaron H. Ravenscroft was appointed President and Chief Executive Officer of The Manitowoc Company, Inc. in August 2020. He joined Manitowoc in March 2016 as Executive Vice President of Mobile Cranes and later took responsibility for the Tower Cranes business. Prior to Manitowoc, he served as Regional Managing Director at Weir Group from 2013 to 2016, and as President of the Process Flow Control Group at Robbins & Myers from 2011 to 2013. His career also includes roles at Gardner Denver, Wabtec, and he began as a stock analyst at Janney Montgomery Scott.

Brian P. Regan, Executive Vice President and Chief Financial Officer

Brian P. Regan has served as Executive Vice President and Chief Financial Officer since May 2022. Before this, he was Vice President, Corporate Controller and Principal Accounting Officer at Manitowoc, a role he held since November 2018, where he managed the company's accounting, financial reporting, and treasury functions. Prior to joining Manitowoc, Mr. Regan held various positions of increasing responsibility at SPX Corporation from 2006 to 2018, most recently as Vice President Finance, Chief Financial Officer of SPX Transformer Solutions.

Jennifer L. Peterson, Executive Vice President, General Counsel and Secretary

Jennifer L. Peterson assumed the role of Executive Vice President, General Counsel and Secretary in August 2022. She joined Manitowoc in January 2018 as Associate General Counsel – Litigation and Product Safety, and subsequently served as Vice President and Associate General Counsel, and Interim General Counsel and Assistant Secretary. Before her tenure at Manitowoc, Ms. Peterson was the Director of Litigation, Americas for Adient plc from 2016 to 2018, and held a position as Senior Group Counsel for Johnson Controls, Inc.

Les L. Middleton, Executive Vice President, Americas and EU Mobile Cranes

Les L. Middleton has served as Executive Vice President, Americas and EU Mobile Cranes since November 2020. He joined Manitowoc in February 2016, initially as Senior Vice President of Americas Mobile Cranes. Prior to Manitowoc, Mr. Middleton was Managing Director U.S. Minerals and Executive Vice President Operations at Weir Minerals North America from 2014 to 2016. His experience also includes roles such as Vice President and General Manager of Gardner Denver (2009-2013), Director of Manufacturing at Magnet Schultz of America (2004-2009), and Director of Manufacturing and Performance Systems at Vapor Corporation (1995-2004).

James S. Cook, Executive Vice President, Human Resources

James S. Cook is the Executive Vice President of Human Resources at The Manitowoc Company, Inc.

AI Analysis | Feedback

Key Risks to Manitowoc (MTW)

  1. Cyclical Nature of the Crane Market and Macroeconomic Conditions: The crane market is highly cyclical and sensitive to broader economic fluctuations, including inflation, rising interest rates, and recessionary concerns. This inherent cyclicality impacts customer spending, order levels, and overall revenue for Manitowoc. For instance, the European tower crane market experienced a downturn in 2024, although it showed signs of recovery in Q1 2025.

  2. High Debt Load and Financial Leverage: Manitowoc carries a significant debt burden, with its net leverage ratio reaching 3.9 times in Q3 2025, exceeding its target of below 3.0 times. This high leverage increases the company's vulnerability to interest rate hikes and limits its financial flexibility for strategic investments. The company also experienced negative operating cash flow in Q3 2025, partly due to inventory buildup.

  3. Tariffs and Trade Uncertainties: The company faces ongoing challenges from U.S. tariff pressures, particularly on the Americas crane market, which have negatively impacted dealer orders and profitability. Tariffs have contributed to an estimated $44 million in gross tariff costs in 2025, impacting the company's bottom line despite mitigation efforts. Uncertainty surrounding tariffs has also created a challenging environment for U.S. dealer commitments.

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The addressable markets for The Manitowoc Company, Inc.'s main products and services are as follows:

Crawler-Mounted Lattice-Boom Cranes (Manitowoc brand)

  • The global crawler crane market was valued at approximately USD 3 billion in 2024 and is projected to reach USD 4.9 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2025 to 2034. Other estimates place the market at USD 3.3 billion in 2024, growing to USD 5.5 billion by 2033 with a 5.7% CAGR (2025-2033), or USD 5.076 billion in 2024, expected to reach USD 8.566 billion by 2032 with a 6.8% CAGR (2025-2032).
  • The Asia Pacific region currently holds the largest market share for crawler cranes and is expected to be the fastest-growing region with a CAGR of 7.1%. However, North America also held the largest revenue share in 2022.

Top-Slewing and Self-Erecting Tower Cranes (Potain brand)

  • The global tower crane market was valued at USD 8.0 billion in 2025 and is estimated to reach USD 11.7 billion by 2034, demonstrating a CAGR of 4.2% from 2026 to 2034. Other reports indicate a global market size of USD 5.98 billion in 2025, projected to grow to USD 9.49 billion by 2033 with a 6.1% CAGR (2026-2033), or USD 6.44 billion in 2025, projected to grow to USD 9.91 billion by 2034 with a 5.30% CAGR (2026-2034).
  • The Asia Pacific region dominated the global tower crane market with a 34% share in 2025 and 39.70% in 2025. Conversely, North America was also reported to dominate the tower crane industry in 2025, accounting for a 40.2% share.
  • The Middle East tower cranes market was valued at USD 432.5 million in 2025 and is projected to reach USD 603.5 million by 2033, with a CAGR of 4.4% from 2026 to 2033.
  • The Europe tower crane market is expected to experience a moderate CAGR from 2026 to 2033.

Mobile Hydraulic Cranes (Grove, Shuttlelift, and National Crane brands)

  • The global mobile cranes market was valued at approximately USD 15.37 billion in 2024 and is projected to grow to around USD 30.32 billion by 2034, at a CAGR of roughly 6.5% between 2025 and 2034. Another estimate valued the market at USD 13.40 billion in 2022, expected to reach USD 22.32 billion by 2030 with a CAGR of 6.7% from 2023 to 2030.
  • The Asia Pacific region dominated the mobile crane market with a 53% share in 2022.
  • The North America mobile crane market revenue exceeded USD 4 billion in 2020.
  • The Middle East and Africa Mobile Crane Market was valued at USD 1.92 billion in 2023 and is forecast to expand at a CAGR of 6.4%, reaching USD 2.95 billion by 2030.

Hydraulic Boom Trucks (National Crane brand)

  • The global boom trucks market size was valued at USD 3.68 billion in 2024 and is poised to grow to USD 5.61 billion by 2033, at a CAGR of 4.8% during the forecast period (2026-2033). Other reports suggest a global market of USD 5.9 billion in 2025, reaching USD 9.6 billion by 2035 with a 5.0% CAGR, or USD 3.25 billion in 2023, projected to reach USD 4.73 billion by 2030 with a 5.7% CAGR.
  • North America is the largest market for boom trucks, accounting for approximately 45% of the global market share and dominated the boom truck market with a 35.12% share in 2023. The North America boom truck cranes market was valued at USD 5.55 billion in 2024 and is anticipated to reach USD 14.43 billion by 2033, growing at a CAGR of 11.20% from 2025 to 2033.
  • The Africa truck crane market (which includes boom trucks) reached USD 13.6 billion in 2024 and is forecast to grow to USD 16.1 billion by 2035, with a CAGR of 1.5% from 2024 to 2035.

Crane Product Parts and Services; Crane Rebuilding, Remanufacturing, and Training Services

  • The global crane aftermarket exceeded USD 7 billion in 2022 and is projected to expand at a CAGR of over 6% from 2023 to 2032.
  • The Asia Pacific aftermarket is expected to record more than 7% CAGR from 2023 to 2032.
  • The global mobile crane service market was valued at USD 430 million in 2024 and is projected to reach USD 669 million by 2034, growing at a CAGR of 6.6% during the forecast period.
  • The global mobile crane hydraulic cylinder market (a component market) was valued at USD 831 million in 2024 and is projected to grow to USD 1,181 million by 2034, exhibiting a CAGR of 5.3% from 2025 to 2034.

AI Analysis | Feedback

The Manitowoc Company, Inc. (MTW) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends. Here are the expected drivers of future revenue growth for Manitowoc: * Growth in non-new machine sales: A central component of Manitowoc's "CRANES+50" strategy is to increase higher-margin, more recurring revenue streams from aftermarket parts, services, rentals, used cranes, and digital solutions. This initiative aims to reduce the impact of cyclical new crane market fluctuations and has already shown significant growth, with non-new machine sales reaching $690.5 million in 2025, a 9.8% increase year-over-year. The company has successfully grown non-new machine sales by 67% since 2020. * Strong demand in the European tower crane market: Management has identified the European tower crane market as a significant tailwind expected to continue strongly into 2026, contributing to improved financial results. * New product development and launches: Manitowoc is actively modernizing its product portfolio through new product development (NPD). The company launched 13 new cranes in 2024, including a next-generation EV self-erecting tower crane and its largest tower crane from its China operations. In 2025, Manitowoc launched 11 new cranes, including the largest topless tower crane and the largest luffing tower crane it has ever produced. The strategy also involves leveraging All-terrain NPD to grow the aftermarket business. * Expansion of aftermarket footprint, direct-to-customer operations, and dealer agreements: Manitowoc is expanding its market presence and service capabilities. This includes growing its direct-to-customer operations through MGX Equipment Services, LLC, and forging new dealer agreements, such as with Hiab, to solidify its market presence. The company has also expanded its aftermarket footprint by adding territory coverage in several U.S. states and key provinces in France, and increased its field service technician population significantly since 2020.

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Capital Allocation Decisions (2021-2025)

Share Repurchases

  • Manitowoc completed share repurchases totaling approximately $14.16 million between June 2022 and June 2024.
  • A new share repurchase authorization of $35 million was approved on October 31, 2023, replacing a prior authorization.
  • Under the November 1, 2023, buyback plan, 455,942 shares were repurchased for $5.64 million as of September 30, 2025.

Share Issuance

  • The number of outstanding shares saw minor fluctuations from 35.02 million in 2021 to 35.46 million in 2025, indicating no significant share issuance events for capital generation during this period.

Outbound Investments

  • In August 2021, Manitowoc acquired Aspen Equipment for $51 million.
  • Total investments in acquisitions for the year 2021 amounted to $180 million.

Capital Expenditures

  • Capital expenditures for the full year 2025 were $38 million, with $19 million specifically allocated for rental fleet investment.
  • Manitowoc projects capital expenditures to be between $45 million and $50 million for 2026, with approximately $25 million designated for the rental fleet.
  • The company demonstrated a strategic focus on growing its rental fleet by increasing its Original Equipment Cost (OEC) by $62 million between 2021 and June 2024.

Better Bets vs. Manitowoc (MTW)

Latest Trefis Analyses

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Trade Ideas

Select ideas related to MTW.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
GEO_4302026_Dip_Buyer_ValueBuy04302026GEOGEODip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
RUN_4302026_Short_Squeeze04302026RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
0.0%0.0%0.0%
RSG_4172026_Monopoly_xInd_xCD_Getting_Cheaper04172026RSGRepublic ServicesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.8%0.8%-1.1%
VRSK_4102026_Dip_Buyer_FCFYield04102026VRSKVerisk AnalyticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.3%12.3%0.0%
UHAL_4102026_Monopoly_xInd_xCD_Getting_Cheaper04102026UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MTWDEAGCOWNCGENCCNHMedian
NameManitowocDeere AGCO Wabash N.Gencor I.CNH Indu. 
Mkt Price11.67560.46114.776.9614.5210.4613.09
Mkt Cap0.4151.58.30.30.213.04.4
Rev LTM2,26545,74610,3741,46510818,0936,320
Op Inc LTM568,225728-47122,640392
FCF LTM23,576546-41-31,259274
FCF 3Y Avg-44,0876165910850338
CFO LTM377,701790-22-12,411413
CFO 3Y Avg498,545976115122,050546

Growth & Margins

MTWDEAGCOWNCGENCCNHMedian
NameManitowocDeere AGCO Wabash N.Gencor I.CNH Indu. 
Rev Chg LTM5.1%-2.5%-3.8%-19.2%-9.2%-4.0%-3.9%
Rev Chg 3Y Avg2.9%-4.7%-7.2%-16.8%-0.1%-8.8%-5.9%
Rev Chg Q5.0%13.1%14.3%-20.4%-25.0%-0.1%2.5%
QoQ Delta Rev Chg LTM1.1%2.4%2.9%-5.0%-6.8%-0.0%0.5%
Op Inc Chg LTM29.0%-19.6%1.6%34.2%-16.3%-25.7%-7.3%
Op Inc Chg 3Y Avg-10.1%-4.0%-14.4%-22.1%28.6%-14.0%-12.1%
Op Mgn LTM2.5%18.0%7.0%-3.2%11.6%14.6%9.3%
Op Mgn 3Y Avg2.7%21.4%8.4%1.4%12.7%17.9%10.5%
QoQ Delta Op Mgn LTM-0.1%-0.9%0.1%-24.0%-0.5%-0.9%-0.7%
CFO/Rev LTM1.6%16.8%7.6%-1.5%-0.6%13.3%4.6%
CFO/Rev 3Y Avg2.2%17.0%8.2%5.2%10.8%10.8%9.5%
FCF/Rev LTM0.1%7.8%5.3%-2.8%-3.0%7.0%2.7%
FCF/Rev 3Y Avg-0.2%8.1%5.2%2.4%9.0%4.8%5.0%

Valuation

MTWDEAGCOWNCGENCCNHMedian
NameManitowocDeere AGCO Wabash N.Gencor I.CNH Indu. 
Mkt Cap0.4151.58.30.30.213.04.4
P/S0.23.30.80.22.00.70.8
P/Op Inc7.418.411.4-6.117.04.99.4
P/EBIT8.416.410.9-4.617.06.69.6
P/E55.531.510.8-4.413.933.622.7
P/CFO11.319.710.5-13.1-341.15.48.0
Total Yield1.8%4.3%10.3%-18.2%7.2%5.5%4.9%
Dividend Yield0.0%1.2%1.0%4.7%0.0%2.6%1.1%
FCF Yield 3Y Avg1.3%3.5%7.5%4.8%4.0%5.9%4.4%
D/E1.20.40.31.80.02.00.8
Net D/E1.00.40.31.6-0.71.90.7

Returns

MTWDEAGCOWNCGENCCNHMedian
NameManitowocDeere AGCO Wabash N.Gencor I.CNH Indu. 
1M Rtn-9.5%-5.7%-4.3%-27.1%-2.5%-3.5%-5.0%
3M Rtn-18.3%-5.3%-16.5%-39.4%-4.1%-17.4%-17.0%
6M Rtn11.8%18.8%13.9%-5.6%15.3%9.1%12.9%
12M Rtn1.9%7.9%8.8%-25.8%7.4%-23.1%4.7%
3Y Rtn-25.3%60.7%6.0%-70.7%0.3%-20.7%-10.2%
1M Excs Rtn-12.0%-9.8%-8.8%-27.2%-5.4%-8.3%-9.3%
3M Excs Rtn-25.8%-23.4%-25.3%-47.1%-12.0%-27.7%-25.6%
6M Excs Rtn0.2%7.1%0.9%-17.4%-0.9%-4.2%-0.4%
12M Excs Rtn-23.9%-17.5%-16.4%-50.9%-14.9%-48.1%-20.7%
3Y Excs Rtn-104.3%-21.9%-77.4%-148.7%-81.5%-100.5%-91.0%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment2,178    
New machine sales 1,6151,4871,2721,067
Non-new machine sales 613545449376
Total2,1782,2282,0321,7201,443


Price Behavior

Price Behavior
Market Price$11.67 
Market Cap ($ Bil)0.4 
First Trading Date03/26/1990 
Distance from 52W High-23.0% 
   50 Days200 Days
DMA Price$12.54$11.99
DMA Trendindeterminatedown
Distance from DMA-7.0%-2.7%
 3M1YR
Volatility46.6%46.0%
Downside Capture263.39194.95
Upside Capture113.73143.39
Correlation (SPY)59.8%46.5%
MTW Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta2.042.031.851.681.921.49
Up Beta2.822.702.272.012.421.50
Down Beta3.622.112.611.391.831.37
Up Capture123%124%160%217%258%260%
Bmk +ve Days15223166141428
Stock +ve Days13203260126359
Down Capture-63%211%140%140%141%111%
Bmk -ve Days4183056108321
Stock -ve Days9233265122381

[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 MTW
MTW0.7%46.0%0.16-
Sector ETF (XLI)20.0%15.5%0.9860.8%
Equity (SPY)26.2%12.1%1.6247.0%
Gold (GLD)40.2%26.8%1.2415.8%
Commodities (DBC)46.2%18.7%1.89-13.4%
Real Estate (VNQ)11.1%13.4%0.5437.0%
Bitcoin (BTCUSD)-27.4%41.8%-0.6522.4%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MTW
MTW-14.4%49.6%-0.14-
Sector ETF (XLI)12.3%17.4%0.5561.9%
Equity (SPY)14.1%17.0%0.6550.2%
Gold (GLD)19.5%18.0%0.894.8%
Commodities (DBC)11.1%19.4%0.4613.1%
Real Estate (VNQ)4.0%18.8%0.1142.3%
Bitcoin (BTCUSD)9.1%55.6%0.3721.5%

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 MTW
MTW-7.0%52.4%0.07-
Sector ETF (XLI)13.8%20.0%0.6161.3%
Equity (SPY)15.5%17.9%0.7450.5%
Gold (GLD)13.1%16.0%0.68-2.4%
Commodities (DBC)7.9%17.9%0.3622.5%
Real Estate (VNQ)5.4%20.7%0.2336.9%
Bitcoin (BTCUSD)67.1%66.9%1.0613.9%

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

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity1.3 Mil
Short Interest: % Change Since 4152026-1.7%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest7.7 days
Basic Shares Quantity35.7 Mil
Short % of Basic Shares3.6%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/2026-2.9%-6.1% 
2/9/20262.0%-2.2%-11.6%
11/5/20259.0%10.6%18.1%
8/7/2025-16.5%-24.9%-18.5%
5/6/20252.6%36.6%30.0%
2/12/202511.6%20.5%-2.7%
10/30/2024-9.9%5.5%2.5%
8/7/2024-5.2%-12.6%-15.3%
...
SUMMARY STATS   
# Positive1199
# Negative141615
Median Positive6.4%14.4%23.7%
Median Negative-5.1%-6.3%-11.4%
Max Positive16.9%39.3%59.3%
Max Negative-16.5%-24.9%-19.9%

SEC Filings

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Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202502/18/202610-K
09/30/202511/06/202510-Q
06/30/202508/08/202510-Q
03/31/202505/07/202510-Q
12/31/202402/21/202510-K
09/30/202410/31/202410-Q
06/30/202408/08/202410-Q
03/31/202405/08/202410-Q
12/31/202302/23/202410-K
09/30/202311/02/202310-Q
06/30/202308/08/202310-Q
03/31/202305/03/202310-Q
12/31/202202/24/202310-K
09/30/202211/08/202210-Q
06/30/202208/05/202210-Q

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Regan, Brian PEVP & Chief Financial OfficerDirectBuy50820258.532,50021,3251,317,382Form
2Ravenscroft, Aaron HPresident & CEODirectBuy50720258.683,00026,0365,989,537Form