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Astec Industries vs Manitowoc: revenue, profit, margins and growth compared

Astec Industries brought in $1.4B of revenue in fiscal 2025, Manitowoc $2.2B in fiscal 2025. Revenue changed by +8.1% at Astec Industries and +2.9% at Manitowoc on the year before, so Astec Industries grew faster. Astec Industries kept 2.8% of its revenue as net profit, Manitowoc 0.3%. Free cash flow was $20.7M at Astec Industries and -$15.3M at Manitowoc.

Side by side, latest fiscal year

ASTEMTW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.4B$2.2B
Revenue growth+8.1%+2.9%
Net income$38.8M$7.2M
Net margin2.8%0.3%
Free cash flow$20.7M-$15.3M
Free cash flow margin1.5%-0.7%
Earnings per share (diluted)$1.68$0.20
Cash$72M$77.3M
Debt$335.8M$465.2M
Price to earnings24.6110.7
Market value$950.5M$798.4M
Dividend yield1.26%n/a
Rank by revenue in sector#250 of 451 · Industrials#211 of 451 · Industrials

Over the years

Revenue
ASTE FY2018: $1.2BASTE FY2019: $1.2BASTE FY2020: $1BASTE FY2021: $1.1BASTE FY2022: $1.3BASTE FY2023: $1.3BASTE FY2024: $1.3BASTE FY2025: $1.4BMTW FY2018: $1.8BMTW FY2019: $1.8BMTW FY2020: $1.4BMTW FY2021: $1.7BMTW FY2022: $2BMTW FY2023: $2.2BMTW FY2024: $2.2BMTW FY2025: $2.2BFY18FY19FY20FY21FY22FY23FY24FY25
ASTE $1.4BMTW $2.2B
Net income
ASTE FY2018: -$60.4MASTE FY2019: $22.3MASTE FY2020: $46MASTE FY2021: $15.8MASTE FY2022: -$100KASTE FY2023: $33.5MASTE FY2024: $4.3MASTE FY2025: $38.8MMTW FY2018: -$67.1MMTW FY2019: $46.6MMTW FY2020: -$19.1MMTW FY2021: $11MMTW FY2022: -$123.6MMTW FY2023: $39.2MMTW FY2024: $55.8MMTW FY2025: $7.2MFY18FY19FY20FY21FY22FY23FY24FY25
ASTE $38.8MMTW $7.2M
Net margin
ASTE FY2018: -5.2%ASTE FY2019: 1.9%ASTE FY2020: 4.5%ASTE FY2021: 1.4%ASTE FY2022: -0.0%ASTE FY2023: 2.5%ASTE FY2024: 0.3%ASTE FY2025: 2.8%MTW FY2018: -3.6%MTW FY2019: 2.5%MTW FY2020: -1.3%MTW FY2021: 0.6%MTW FY2022: -6.1%MTW FY2023: 1.8%MTW FY2024: 2.6%MTW FY2025: 0.3%FY18FY19FY20FY21FY22FY23FY24FY25
ASTE 2.8%MTW 0.3%
Revenue growth
ASTE FY2019: -0.2%ASTE FY2020: -12.4%ASTE FY2021: +6.9%ASTE FY2022: +16.3%ASTE FY2023: +5.0%ASTE FY2024: -2.5%ASTE FY2025: +8.1%MTW FY2019: -0.7%MTW FY2020: -21.3%MTW FY2021: +19.2%MTW FY2022: +18.2%MTW FY2023: +9.6%MTW FY2024: -2.2%MTW FY2025: +2.9%FY19FY20FY21FY22FY23FY24FY25
ASTE +8.1%MTW +2.9%
Free cash flow
ASTE FY2018: -$57.4MASTE FY2019: $89.2MASTE FY2020: $126.1MASTE FY2021: -$12.7MASTE FY2022: -$114.6MASTE FY2023: -$6.3MASTE FY2024: $2.5MASTE FY2025: $20.7MMTW FY2018: -$544.7MMTW FY2019: -$88.4MMTW FY2020: -$61.4MMTW FY2021: $35.8MMTW FY2022: $15.1MMTW FY2023: -$14.4MMTW FY2024: $3.5MMTW FY2025: -$15.3MFY18FY19FY20FY21FY22FY23FY24FY25
ASTE $20.7MMTW -$15.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Astec Industries and Manitowoc

Which is bigger by revenue, Astec Industries or Manitowoc?

Manitowoc is bigger by revenue: $2.2B in fiscal 2025, against $1.4B for Astec Industries in fiscal 2025.

Which keeps more of its revenue as profit, Astec Industries or Manitowoc?

Astec Industries had a net margin of 2.8% in fiscal 2025; Manitowoc had 0.3% in fiscal 2025.

Which grew revenue faster, Astec Industries or Manitowoc?

In their latest fiscal years revenue changed by +8.1% at Astec Industries and +2.9% at Manitowoc.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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