MANITOWOC CO INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data MANITOWOC CO INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,613	1,581	1,847	1,834	1,443	1,720	2,033	2,228	2,178	2,241
Cost of revenue	1,360	1,299	1,519	1,490	1,189	1,413	1,668	1,803	1,803	1,836
Gross profit	253	282	328	344	255	307	365	425	375	405
Research and development	44.5	37.9	35.2	31.1	30.6	29.1	33.5	35.3	41.1	55.8
Operating income	-143	8.4	-19.3	108	38.6	46.5	-93	92.4	51.8	53.8
Interest expense	39.6	39.2	39.1
Other non-operating income	-125	-47.9	-52.4	-49.4	-40.6	-29.4	-27.2	-48.2	-40.1	-41.4
Pre-tax income	-268	-39.5	-71.7	59	-2	17.1	-120	44.2	11.7	12.4
Income tax	101	-49.5	-4.8	12.4	17.1	6.1	3.4	5	-44.1	5.2
Income from continuing operations	-369	10	-66.9
Net income to minority interests	0
Net income	-376	9.4	-67.1	46.6	-19.1	11	-124	39.2	55.8	7.2
EBITDA	-97.4	46.5	16.8	143	75.8	92	-35.3	149	112	114
EPS, basic	-10.91	0.26	-1.89	1.31	-0.55	0.32	-3.51	1.12	1.58	0.20
EPS, diluted	-10.91	0.26	-1.89	1.31	-0.55	0.31	-3.51	1.09	1.56	0.20
Shares, basic (weighted)	34.4	35.1	35.5	35.5	34.7	34.9	35.2	35.1	35.2	35.4
Shares, diluted (weighted)	34.4	35.9	35.5	35.6	34.7	35.5	35.2	36	35.7	36.1
Dividend per share	0.00	0.00	0.00

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	69.9	119	140	199	129	75.4	64.4	34.4	48	77.3
Receivables	134	179	172	168	215	236	266	279	260	281
Inventory	429	401	453	461	473	577	612	667	609	684
Other current assets	54	56.5	58.3	26	35.5	36.8	45.3	53.3	41.2	54.1
Total current assets	750	790	843	872	866	942	999	1,033	959	1,097
Property, plant and equipment	309	304	289	290	294	359	335	366	346	343
Lease right-of-use assets				47.6	37.9	40.6	45.2	59.7	59.3	68
Goodwill	300	321	233	233	235	250	80.1	79.6	77.8	79.6
Intangible assets	114	122	118	116	122	140	127	126	119	125
Other non-current assets	45.6	70.3	59.2	59	48.6	44.7	29.7	42.7	99.3	106
Total assets	1,518	1,608	1,542	1,618	1,604	1,775	1,616	1,707	1,660	1,818
Accounts payable	158	205	249	187	178	239	275	255	206	242
Accrued liabilities	28.1	59.7	59.5	56.6	38.5	51.9	51	57.9	43.2	51.1
Deferred revenue		12.7	9.6	25.8	25.5	28.7	21.9	19.2	18	18.3
Short-term debt	12.4	8.2	6.4	3.8	10.5	7.3	6.1	13.4	13.1	13.7
Total current liabilities	413	453	497	441	436	521	548	563	474	492
Long-term debt	269	267	267	308	300	400	380	359	377	447
Lease liabilities				37.6	28.4	29.2	34.3	47.2	47	53.6
Other non-current liabilities	64.1	62.4	42.4	46.3	53.8	51.8	35.7	41.2	50.1	61.2
Total liabilities	927	930	941	972	960	1,113	1,078	1,103	1,020	1,123
Total debt	292	286	281	317	315	410	388	374	395	465
Paid-in capital	568	577	585	592	595	602	607	613	615	617
Retained earnings	247	257	190	236	217	228	104	144	199	207
Treasury stock	-62.9	-59.8	-56.9	-61.9	-71.4	-65.9	-65.7	-67.3	-67.1	-63.1
Other comprehensive income	-163	-97.4	-117	-121	-97.5	-102	-108	-86.4	-108	-65.3
Shareholders' equity	591	678	601	646	644	662	538	603	640	695
Total equity	591	678	601	646	644	662	538	603	640	695
Total liabilities and equity	1,518	1,608	1,542	1,618	1,604	1,775	1,616	1,707	1,660	1,818
Shares outstanding	35	35.3	35.6	35.4	34.6	35.1	35.1	35.1	35.1	35.5

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-376	9.4	-67.1	46.6	-19.1	11	-124	39.2	55.8	7.2
Depreciation and amortization	45.6	38.1	36.1	35	37.2	45.5	57.7	56.6	59.8	59.9
Stock-based compensation				9.5	6	7.1	8.5	11.5	10.9	9.5
Deferred income tax	101	-44.1	-11.1	1.5	4.8	0.6	4.4	-6	-55.6	-6.2
Change in receivables	-436	-436	-553	-124	-37.7	-5.2	-36.4	-9.3	9	-9.1
Change in inventory	52.7	51.1	-72.7	-18.3	8.3	-68.3	-42	-46.7	21.4	-11.6
Change in payables	-106	27.1	56.5	-59.7	-20.1	62.9	40.4	-28.5	-39.1	21.7
Cash from operations	-626	-325	-513	-53.3	-35.1	76.2	76.9	63	49.2	22.2
Capital expenditures	-45.9	-28.9	-31.7	-35.1	-26.3	-40.4	-61.8	-77.4	-45.7	-37.5
Acquisitions				0	0	-186
Cash from investing	414	381	534	108	-25.8	-226	-58	-71.8	-40.4	-49.5
Debt issued	272	0.2		300	0	0	0	0	300	0
Debt repaid	-1,389	-10.9	-3.8	-277	0	0	0	0	-300	0
Stock issued					0.1	5.8	0.1	0.3	0	0
Share buybacks				-7.4	-12	0	-3	-5.5	-5.7	0
Dividends paid	0	0				0	0	0	0	0
Cash from financing	219	-9.7	-1.3	3.7	-14.8	101	-29.9	-21.4	6.7	54.8
Exchange rate effect	0.9	2.4
Net change in cash	8.3	49.1	17.3	59	-70.6	-53.3	-11	-30	13.6	29.3
Free cash flow	-672	-354	-545	-88.4	-61.4	35.8	15.1	-14.4	3.5	-15.3
Interest paid	49.6	37	36.8	36	28.8	28.9	30.8	34	36.6	37.5
Income taxes paid	8.9	-7.6	2.6	10.5	13.6	3.7	7.3	10.1	12.9	7.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $22.14 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	18.7%	Gross profit / revenue.
Operating margin	3.1%	Operating income / revenue.
EBITDA margin	5.7%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	1.4%	Pre-tax income / revenue.
Net margin	0.9%	Net income / revenue.
FCF margin	3.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	4.8%	Cash from operations / revenue.
Effective tax rate	36.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	2.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.1%	Net income / average total assets.
Return on invested capital (ROIC)	4.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	0.4%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.9%	Capital expenditures / revenue.
D&A / revenue	2.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	2.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	3.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	9.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	7.9%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	3.5%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	9.7%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	3.9%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 5y	6.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	1.9%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 5y	8.4%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-87.1%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-87.2%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-54.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-33.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y	-537.1%	Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	8.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	8.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	1.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	9.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	4.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	1.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.9%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.11x	Current assets / current liabilities.
Quick ratio	0.68x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.17x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.67x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	24.4%	Total debt / total assets.
Liabilities / assets	63.5%	Total liabilities / total assets.
Net debt	$373.7M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	2.81x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$640.1M	Current assets - current liabilities.
Goodwill and intangibles / assets	10.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	$499.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.21x	Revenue / average total assets.
Fixed asset turnover	7.00x	Revenue / average property, plant and equipment.
Inventory turnover	2.40x	Cost of revenue / average inventory.
Days inventory	152 days	365 x average inventory / cost of revenue.
Receivables turnover	7.88x	Revenue / average receivables.
Days sales outstanding	46 days	365 x average receivables / revenue.
Days payables	63 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	136 days	Days inventory + days sales outstanding - days payables.
FCF conversion	343.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	38.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.55	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$63.51	Revenue / diluted weighted shares.
FCF per share	$1.90	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.08	Cash from operations / diluted weighted shares.
Book value per share	$19.44	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$13.84	Tangible book value / shares outstanding.
Cash per share	$2.66	(Cash + short-term investments) / shares outstanding.
Payout ratio	0.0%	Dividends paid / net income, when net income is positive.
Dividends / FCF	0.0%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$798.4M	Share price x shares outstanding.
Enterprise value	$1.17B	Market cap + total debt - cash - short-term investments.
P/E	39.5x	Market cap / net income. Only when net income is positive.
P/S	0.34x	Market cap / revenue.
P/B	1.14x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.60x	Market cap / tangible book value, when positive.
P/FCF	11.5x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	7.10x	Market cap / cash from operations, when positive.
EV/Sales	0.51x	Enterprise value / revenue.
EV/EBIT	16.1x	Enterprise value / operating income, when both are positive.
EV/EBITDA	8.83x	Enterprise value / EBITDA, when both are positive.
EV/FCF	16.9x	Enterprise value / free cash flow, when both are positive.
FCF yield	8.7%	Free cash flow / market cap.
Earnings yield	2.5%	Net income / market cap (the inverse of P/E).
Dividend yield	0.0%	Dividends paid over the period / market cap.
Shareholder yield	0.0%	(Dividends paid + share buybacks) / market cap.

What was MANITOWOC CO INC's revenue in fiscal 2025?

MANITOWOC CO INC reported revenue of $2.24B for fiscal 2025, 2.9% higher than the year before.

Was MANITOWOC CO INC profitable in fiscal 2025?

Yes. Net income was $7.2M, a net margin of 0.3%.

How much free cash flow did MANITOWOC CO INC generate in fiscal 2025?

Cash from operations of $22.2M minus capital expenditures of $37.5M left free cash flow of -$15.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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