Manitowoc (MTW)
Market Price (1/19/2026): $13.52 | Market Cap: $479.5 MilSector: Industrials | Industry: Agricultural & Farm Machinery
Manitowoc (MTW)
Market Price (1/19/2026): $13.52Market Cap: $479.5 MilSector: IndustrialsIndustry: Agricultural & Farm Machinery
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.7% | Trading close to highsDist 52W High is -4.0% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 107% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Offshore Wind Development, and Sustainable Infrastructure. Themes include Wind Energy Development, Show more. | Weak multi-year price returns2Y Excs Rtn is -60%, 3Y Excs Rtn is -57% | Key risksMTW 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. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.7% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Offshore Wind Development, and Sustainable Infrastructure. Themes include Wind Energy Development, Show more. |
| Trading close to highsDist 52W High is -4.0% |
| Weak multi-year price returns2Y Excs Rtn is -60%, 3Y Excs Rtn is -57% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 107% |
| Key risksMTW 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. |
Why The Stock Moved
Qualitative Assessment
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Here are the key points explaining the 32.9% stock movement for Manitowoc (MTW) from approximately October 31, 2025, to January 19, 2026:
1. Strong Q3 2025 Earnings Results: Manitowoc reported its third-quarter 2025 earnings on November 5, 2025, revealing a 5.4% year-over-year increase in quarterly revenue to $553.40 million, surpassing consensus estimates. Although EPS slightly missed, adjusted EBITDA saw a significant 30% year-over-year increase to $34 million, and net income turned positive compared to a loss in the prior year. This positive earnings report served as a primary catalyst for the stock's initial surge in November.
2. Robust Growth in Aftermarket Business (Crane Plus 50 Strategy): The company's "Crane Plus 50" aftermarket strategy continued to drive higher-margin, recurring revenue, with non-new machine sales reaching a record $667 million on a trailing 12-month basis. This strategic focus on a profitable segment contributed to improved overall margins and sustained investor confidence.
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1. Strong Q3 2025 Earnings Results: Manitowoc reported its third-quarter 2025 earnings on November 5, 2025, revealing a 5.4% year-over-year increase in quarterly revenue to $553.40 million, surpassing consensus estimates. Although EPS slightly missed, adjusted EBITDA saw a significant 30% year-over-year increase to $34 million, and net income turned positive compared to a loss in the prior year. This positive earnings report served as a primary catalyst for the stock's initial surge in November.
2. Robust Growth in Aftermarket Business (Crane Plus 50 Strategy): The company's "Crane Plus 50" aftermarket strategy continued to drive higher-margin, recurring revenue, with non-new machine sales reaching a record $667 million on a trailing 12-month basis. This strategic focus on a profitable segment contributed to improved overall margins and sustained investor confidence.
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Stock Movement Drivers
Fundamental Drivers
The 32.9% change in MTW stock from 10/31/2025 to 1/18/2026 was primarily driven by a 25.0% change in the company's Net Income Margin (%).| 10312025 | 1182026 | Change | |
|---|---|---|---|
| Stock Price ($) | 10.17 | 13.52 | 32.94% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2131.20 | 2159.80 | 1.34% |
| Net Income Margin (%) | 2.11% | 2.63% | 25.05% |
| P/E Multiple | 8.03 | 8.43 | 4.95% |
| Shares Outstanding (Mil) | 35.45 | 35.47 | -0.04% |
| Cumulative Contribution | 32.94% |
Market Drivers
10/31/2025 to 1/18/2026| Return | Correlation | |
|---|---|---|
| MTW | 32.9% | |
| Market (SPY) | 1.4% | 32.0% |
| Sector (XLI) | 7.6% | 46.6% |
Fundamental Drivers
The 6.0% change in MTW stock from 7/31/2025 to 1/18/2026 was primarily driven by a 26.1% change in the company's Net Income Margin (%).| 7312025 | 1182026 | Change | |
|---|---|---|---|
| Stock Price ($) | 12.75 | 13.52 | 6.04% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2153.80 | 2159.80 | 0.28% |
| Net Income Margin (%) | 2.09% | 2.63% | 26.09% |
| P/E Multiple | 9.99 | 8.43 | -15.68% |
| Shares Outstanding (Mil) | 35.27 | 35.47 | -0.55% |
| Cumulative Contribution | 6.04% |
Market Drivers
7/31/2025 to 1/18/2026| Return | Correlation | |
|---|---|---|
| MTW | 6.0% | |
| Market (SPY) | 9.7% | 33.7% |
| Sector (XLI) | 10.2% | 49.5% |
Fundamental Drivers
The 35.3% change in MTW stock from 1/31/2025 to 1/18/2026 was primarily driven by a 37.8% change in the company's P/S Multiple.| 1312025 | 1182026 | Change | |
|---|---|---|---|
| Stock Price ($) | 9.99 | 13.52 | 35.34% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2177.80 | 2159.80 | -0.83% |
| P/S Multiple | 0.16 | 0.22 | 37.80% |
| Shares Outstanding (Mil) | 35.12 | 35.47 | -0.98% |
| Cumulative Contribution | 35.32% |
Market Drivers
1/31/2025 to 1/18/2026| Return | Correlation | |
|---|---|---|
| MTW | 35.3% | |
| Market (SPY) | 15.9% | 53.6% |
| Sector (XLI) | 21.9% | 60.5% |
Fundamental Drivers
The -1.3% change in MTW stock from 1/31/2023 to 1/18/2026 was primarily driven by a -70.5% change in the company's P/E Multiple.| 1312023 | 1182026 | Change | |
|---|---|---|---|
| Stock Price ($) | 13.70 | 13.52 | -1.31% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1908.70 | 2159.80 | 13.16% |
| Net Income Margin (%) | 0.89% | 2.63% | 197.54% |
| P/E Multiple | 28.52 | 8.43 | -70.45% |
| Shares Outstanding (Mil) | 35.18 | 35.47 | -0.81% |
| Cumulative Contribution | -1.32% |
Market Drivers
1/31/2023 to 1/18/2026| Return | Correlation | |
|---|---|---|
| MTW | -1.3% | |
| Market (SPY) | 76.5% | 44.1% |
| Sector (XLI) | 71.0% | 57.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MTW Return | 40% | -51% | 82% | -45% | 31% | 16% | 5% |
| Peers Return | 21% | 10% | 8% | -8% | -14% | 14% | 31% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| MTW Win Rate | 50% | 25% | 42% | 33% | 75% | 100% | |
| Peers Win Rate | 55% | 53% | 40% | 42% | 43% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| MTW Max Drawdown | -4% | -58% | 0% | -48% | -21% | 0% | |
| Peers Max Drawdown | -7% | -27% | -16% | -20% | -27% | 0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DE, AGCO, GENC, WNC, 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 1/16/2026 (YTD)
How Low Can It Go
| Event | MTW | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -71.6% | -25.4% |
| % Gain to Breakeven | 251.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -57.8% | -33.9% |
| % Gain to Breakeven | 137.1% | 51.3% |
| Time to Breakeven | 321 days | 148 days |
| 2018 Correction | ||
| % Loss | -75.5% | -19.8% |
| % Gain to Breakeven | 308.5% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -95.3% | -56.8% |
| % Gain to Breakeven | 2006.6% | 131.3% |
| Time to Breakeven | 3,246 days | 1,480 days |
Compare to DE, AGCO, GENC, WNC, CNH
In The Past
Manitowoc's stock fell -71.6% during the 2022 Inflation Shock from a high on 5/7/2021. A -71.6% loss requires a 251.7% gain to breakeven.
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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.
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1. Caterpillar, but specializing exclusively in cranes.
2. The John Deere of the crane manufacturing industry.
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- Mobile Hydraulic Cranes: These versatile cranes offer hydraulic telescoping booms and are used for a wide range of lifting applications, including rough-terrain, all-terrain, and truck-mounted variants.
- Lattice-Boom Crawler Cranes: Designed for heavy-duty lifting, these large cranes operate on tracks and are known for their high capacity and stability on demanding job sites.
- Tower Cranes: Stationary cranes primarily used in urban construction for lifting heavy materials and components to great heights.
- Boom Trucks: Truck-mounted cranes that combine the mobility of a truck with the lifting capabilities of a crane, ideal for various delivery and construction tasks.
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Manitowoc (MTW) primarily sells its equipment to other businesses (B2B) rather than directly to individuals. Their sales model typically involves selling through a global network of independent dealers. These dealers then sell or rent the equipment to a diverse range of end-user companies.
While Manitowoc does not typically disclose specific major customers by name in its public filings, the primary categories of companies that purchase and utilize their cranes and lifting solutions include:
- Equipment Rental Companies: These companies purchase large fleets of cranes for rental to various construction, industrial, and infrastructure projects. Given their market position and the significant role of rental in the heavy equipment industry, leading public rental companies are highly likely to be major indirect or direct customers.
- Large Construction Companies: General contractors and specialized construction firms involved in commercial, residential, and industrial building projects often purchase cranes directly for long-term projects or specialized needs.
- Infrastructure and Industrial Project Developers: Companies involved in the development and maintenance of public infrastructure (e.g., bridges, roads, utilities) and heavy industrial sites (e.g., energy, manufacturing, mining) are significant end-users of Manitowoc's products.
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- ZF Group
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Aaron H. Ravenscroft, President and Chief Executive Officer
Mr. Ravenscroft has served as President and Chief Executive Officer of The Manitowoc Company since August 2020. He joined Manitowoc in March 2016 as Executive Vice President of Mobile Cranes, and in August 2017, he also assumed responsibility for the Tower Cranes business. Before joining Manitowoc, Mr. Ravenscroft was a Regional Managing Director at Weir Group, a British equipment provider, from 2013 to 2016. From 2011 to 2013, he served as President of the Process Flow Control Group at Robbins & Myers. He holds a Bachelor of Arts degree in Economics from Bucknell University and an MBA from Carnegie Mellon University.
Brian P. Regan, Executive Vice President and Chief Financial Officer
Mr. Regan has served as Executive Vice President and Chief Financial Officer of The Manitowoc Company since May 2022. Prior to this role, he was the Vice President, Corporate Controller and Principal Accounting Officer since November 2018, and also oversaw the Treasury function starting in 2020. Before joining Manitowoc, Mr. Regan held positions of increasing responsibility at SPX Corporation from 2006 to 2018, most recently as Vice President Finance, Chief Financial Officer of SPX Transformer Solutions. He also previously worked at Ernst & Young LLP and Ogilvy & Mather.
Leslie L. Middleton, Executive Vice President, Americas and EU Mobile Cranes
Mr. Middleton has served as the Executive Vice President, Americas and EU Mobile Cranes since November 2020. He joined Manitowoc in February 2016, previously serving as Senior Vice President of Americas Mobile Cranes. His responsibilities include optimizing operations, developing and implementing lean strategies, increasing new product development, and driving growth in the Americas and Germany mobile cranes businesses.
Jennifer L. Peterson, Executive Vice President, General Counsel and Secretary
Ms. Peterson has served as the Executive Vice President, General Counsel and Secretary since August 2022. Her previous roles at Manitowoc include Interim General Counsel and Assistant Secretary, Vice President and Associate General Counsel, and Associate General Counsel – Litigation and Product Safety. Before joining Manitowoc, Ms. Peterson was Director of Litigation, Americas for Adient plc (2016-2018) and Senior Group Counsel for Johnson Controls, Inc. (2014-2016). She also served as Deputy General Counsel for Journal Communications, Inc.
James S. Cook, Executive Vice President, Human Resources
Mr. Cook is the Executive Vice President of Human Resources at The Manitowoc Company. Further detailed background information was not readily available in the provided search results.
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Here are the key risks to Manitowoc's business:- Macroeconomic Conditions and Cyclicality of the Construction Industry: Manitowoc's business is highly susceptible to the cyclical nature of the construction and industrial end markets. Downturns in overall economic activity, including factors like inflation, elevated interest rates, and recessionary concerns, can significantly impact the demand for its products and, consequently, its financial performance. For instance, recent order trends in North America and Europe indicate a temporary slowdown due to high interest rates and geopolitical uncertainty.
- Tariffs and Trade Policy Uncertainty: The company faces ongoing challenges from tariffs, with an estimated gross tariff cost of approximately $44 million in 2025, although management anticipates mitigating a substantial portion of this impact. Uncertainty surrounding U.S. trade policy, including potential steel derivative tariffs, remains a risk and contributes to softer crane demand in certain regions.
- Supply Chain Disruptions and Operational Inefficiencies: Manitowoc is exposed to risks related to supply chain disruptions, which can affect production schedules and costs. The company has experienced negative cash flow from operating activities, partly due to inventory buildup aimed at mitigating supply chain issues. Furthermore, operational inefficiencies have been noted, as the company has at times struggled to translate order growth into realized sales, pointing to potential bottlenecks in production or inventory management.
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The rapid acceleration of demand for electric and zero-emission heavy construction equipment, driven by increasingly stringent environmental regulations and customer sustainability goals, poses an emerging threat. While Manitowoc is actively developing electric crane solutions and showcasing prototypes, a slower pace of innovation, product breadth, or cost-effectiveness in bringing these solutions to market compared to competitors could lead to significant market share erosion, particularly in regions with strong environmental mandates such as Europe.
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Manitowoc (MTW) primarily operates in the global crane market, offering a range of lifting solutions including mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes. The addressable markets for its main products and services are sized as follows:
- Global Crane Market: The global crane market size reached USD 53.6 billion in 2024 and is projected to reach USD 77.9 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 3.82% during the period of 2025-2033. Other estimates place the global crane market at USD 34.41 billion in 2025, projected to advance to USD 42.47 billion by 2030 with a 4.30% CAGR.
- Mobile Crane Market (Global): The global mobile crane market reached USD 16.28 billion in 2024 and is projected to grow to USD 17.23 billion by 2025, with an anticipated CAGR of 5.94%. By 2032, this market is expected to surpass USD 25.84 billion. Another report estimates the mobile crane market at USD 18.9 billion in 2025, projecting it to grow to USD 36.1 billion by 2035, at a CAGR of 6.7%.
- Tower Crane Market (Global): The global tower crane market was valued at USD 7.7 billion in 2024 and is projected to reach USD 11.4 billion by 2033, demonstrating a CAGR of 4.4% during 2025-2033. In 2024, the tower crane market size was estimated at USD 7.47 billion, with a projection to grow to USD 11.74 billion by 2035, at a CAGR of 4.19% from 2025-2035.
- Rough Terrain Crane Market (Global): The rough terrain crane market was valued at USD 8.34 billion in 2024 and is expected to reach USD 13.49 billion by 2032, growing at a CAGR of 6.2%. In 2023, worldwide sales for rough terrain cranes were estimated at US$ 7.85 billion, with a projection to reach US$ 14.1 billion by the end of 2033, expanding at a 6% CAGR.
- Crawler Crane Market (Global): The global crawler crane market size reached USD 3.3 billion in 2024 and is expected to reach USD 5.5 billion by 2033, at a CAGR of 5.7% during 2025-2033. Another analysis indicates the global crawler cranes market is projected to increase from USD 5.2 billion in 2025 to USD 8.2 billion by 2035, with a CAGR of 4.6%.
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The Manitowoc Company (MTW) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends: * Growth in Non-New Machine Sales (Cranes+50 Strategy): Manitowoc is placing a greater emphasis on expanding its non-new machine sales, which include aftermarket parts, services, rentals, used cranes, and digital solutions. This "Cranes+50 strategy" aims to provide more annuity-like revenue streams, reducing the impact of cyclical new crane market volatility and enhancing recurring, higher-margin sales. Non-new machine sales reached a record $667 million on a trailing 12-month basis in Q3 2025, representing a 5% increase year-over-year. * New Product Development and Launches: Ongoing investments in new product development (NPD) are a critical component of Manitowoc's long-term growth prospects. The company has launched new products, such as the Proton NCT 2205 tower crane, and plans to leverage all-terrain NPD to further grow its aftermarket business. * Regional Market Expansion and Recovery: Manitowoc is focusing on growth in specific regional markets. The European tower crane business has shown significant strength, with new machine orders increasing by 34% and marking five consecutive quarters of year-over-year improvement. The company is cautiously optimistic about Europe, citing infrastructure programs in Germany and increased housing permits in Germany and France as positive indicators for its tower crane business. Additionally, Manitowoc is working to grow its presence in "Belt & Road markets," particularly in the Middle East. * Robust Order and Backlog Growth: Strong growth in orders and a healthy backlog signal future revenue. In Q3 2025, Manitowoc reported a 16% year-over-year increase in orders, reaching $491 million, and the backlog stood at $667 million at the end of the period. This growth was particularly noted in the Americas and European tower crane segments.AI Analysis | Feedback
Share Repurchases
- In October 2023, Manitowoc's Board of Directors authorized a new share repurchase program of up to $100.0 million, effective from January 1, 2024, through December 31, 2025.
- A previous $150 million share repurchase program, authorized on January 1, 2022, expired on December 31, 2023, under which the company repurchased 89,781 shares for $1.5 million during the fourth quarter of 2023.
- As of December 31, 2024, approximately $29.9 million remained on an approved share repurchase plan.
Share Issuance
- Manitowoc has reported $0 million in stock issuance as of October 22, 2025.
- The number of shares outstanding has remained relatively stable, with 35.09 million in 2023, increasing slightly to 35.13 million in 2024, and 35.45 million as of November 2025.
Outbound Investments
- In February 2025, the company completed the acquisition of certain crane assets of Ring Power Corporation, expanding its direct-to-customer operations in Georgia, North Carolina, and South Carolina.
- In October 2022, Manitowoc acquired certain assets of the crane rental fleet of Honnen Equipment Company, adding to its presence in Colorado and other areas.
- Manitowoc acquired the crane business of H&E Equipment Services, Inc. for approximately $130 million in the fourth quarter of 2021, enhancing its rental, sales, aftermarket parts, and service capabilities.
Capital Expenditures
- For 2025, anticipated capital expenditures are approximately $47.0 million, with around $23.0 million earmarked for the rental fleet. In Q3 2025, capital expenditures were $8 million, including $3 million for the rental fleet.
- Capital expenditures for 2024 totaled $45.7 million.
- In 2023, capital expenditures were $47 million, with $23 million invested in the rental fleet.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Manitowoc Earnings Notes | ||
| Manitowoc Stock Jump Looks Great, But How Secure Is That Gain? | Return |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons for Manitowoc
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 13.75 |
| Mkt Cap | 4.4 |
| Rev LTM | 6,104 |
| Op Inc LTM | 514 |
| FCF LTM | 429 |
| FCF 3Y Avg | 386 |
| CFO LTM | 586 |
| CFO 3Y Avg | 618 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -14.8% |
| Rev Chg 3Y Avg | -3.6% |
| Rev Chg Q | -5.1% |
| QoQ Delta Rev Chg LTM | -1.3% |
| Op Mgn LTM | 14.5% |
| Op Mgn 3Y Avg | 10.8% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 9.7% |
| CFO/Rev 3Y Avg | 8.6% |
| FCF/Rev LTM | 6.9% |
| FCF/Rev 3Y Avg | 5.3% |
Price Behavior
Price Behavior
| Market Price | $13.52 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -4.0% | |
| 50 Days | 200 Days | |
| DMA Price | $12.16 | $10.91 |
| DMA Trend | up | up |
| Distance from DMA | 11.2% | 23.9% |
| 3M | 1YR | |
| Volatility | 44.7% | 52.1% |
| Downside Capture | 166.33 | 161.64 |
| Upside Capture | 251.28 | 175.29 |
| Correlation (SPY) | 37.0% | 53.1% |
MTW Betas & Captures as of 12/31/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.03 | 0.98 | 1.51 | 1.46 | 1.41 | 1.43 |
| Up Beta | -0.23 | 1.52 | 1.37 | 1.67 | 1.32 | 1.43 |
| Down Beta | 1.08 | -1.02 | 1.14 | 1.26 | 1.23 | 1.17 |
| Up Capture | 361% | 249% | 243% | 126% | 242% | 347% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 8 | 18 | 32 | 60 | 122 | 363 |
| Down Capture | 192% | 92% | 137% | 158% | 129% | 110% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 14 | 23 | 32 | 63 | 123 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| MTW vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| MTW | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 51.1% | 25.4% | 19.8% | 70.5% | 3.8% | 10.2% | -1.0% |
| Annualized Volatility | 51.8% | 18.9% | 19.3% | 20.0% | 15.3% | 16.7% | 34.5% |
| Sharpe Ratio | 0.97 | 1.06 | 0.81 | 2.56 | 0.04 | 0.41 | 0.07 |
| Correlation With Other Assets | 60.7% | 53.2% | 1.7% | 27.1% | 39.3% | 32.2% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 5-Year Data
| MTW vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| MTW | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -1.2% | 14.9% | 14.1% | 19.4% | 11.1% | 6.1% | 20.0% |
| Annualized Volatility | 50.6% | 17.2% | 17.1% | 15.6% | 18.7% | 18.8% | 48.1% |
| Sharpe Ratio | 0.16 | 0.70 | 0.66 | 1.00 | 0.47 | 0.23 | 0.45 |
| Correlation With Other Assets | 61.1% | 48.7% | 2.4% | 17.8% | 41.2% | 22.2% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 10-Year Data
| MTW vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| MTW | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 1.8% | 14.9% | 15.5% | 14.8% | 7.6% | 5.9% | 70.8% |
| Annualized Volatility | 52.9% | 19.9% | 18.0% | 14.8% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | 0.25 | 0.66 | 0.75 | 0.83 | 0.35 | 0.25 | 0.91 |
| Correlation With Other Assets | 60.6% | 50.2% | -4.1% | 26.0% | 36.5% | 13.2% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/08/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/07/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 02/21/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 10/31/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 08/08/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/08/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 02/23/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/02/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/08/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/03/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 02/24/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/08/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/05/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/05/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 02/22/2022 | 10-K (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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