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CNH Industrial vs Manitowoc: revenue, profit, margins and growth compared

CNH Industrial brought in $18.1B of revenue in fiscal 2025, Manitowoc $2.2B in fiscal 2025. Revenue changed by -8.8% at CNH Industrial and +2.9% at Manitowoc on the year before, so Manitowoc grew faster. CNH Industrial kept 2.8% of its revenue as net profit, Manitowoc 0.3%.

Side by side, latest fiscal year

CNHMTW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$18.1B$2.2B
Revenue growth-8.8%+2.9%
Net income$510M$7.2M
Net margin2.8%0.3%
Free cash flown/a-$15.3M
Free cash flow marginn/a-0.7%
Earnings per share (diluted)$0.41$0.20
Cash$2.6B$77.3M
Debt$26.8B$465.2M
Price to earnings31.9110.7
Market value$16.2B$798.4M
Dividend yield1.91%n/a
Rank by revenue in sector#34 of 451 · Industrials#211 of 451 · Industrials

Over the years

Revenue
CNH FY2018: $29.7BCNH FY2019: $28.1BCNH FY2020: $14.8BCNH FY2021: $19.5BCNH FY2022: $23.6BCNH FY2023: $24.7BCNH FY2024: $19.8BCNH FY2025: $18.1BMTW FY2018: $1.8BMTW FY2019: $1.8BMTW FY2020: $1.4BMTW FY2021: $1.7BMTW FY2022: $2BMTW FY2023: $2.2BMTW FY2024: $2.2BMTW FY2025: $2.2BFY18FY19FY20FY21FY22FY23FY24FY25
CNH $18.1BMTW $2.2B
Net income
CNH FY2018: $1.1BCNH FY2019: $1.4BCNH FY2020: -$493MCNH FY2021: $1.7BCNH FY2022: $2BCNH FY2023: $2.3BCNH FY2024: $1.2BCNH FY2025: $510MMTW FY2018: -$67.1MMTW FY2019: $46.6MMTW FY2020: -$19.1MMTW FY2021: $11MMTW FY2022: -$123.6MMTW FY2023: $39.2MMTW FY2024: $55.8MMTW FY2025: $7.2MFY18FY19FY20FY21FY22FY23FY24FY25
CNH $510MMTW $7.2M
Net margin
CNH FY2018: 3.6%CNH FY2019: 5.1%CNH FY2020: -3.3%CNH FY2021: 8.8%CNH FY2022: 8.6%CNH FY2023: 9.2%CNH FY2024: 6.3%CNH 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
CNH 2.8%MTW 0.3%
Revenue growth
CNH FY2019: -5.5%CNH FY2020: -47.4%CNH FY2021: +31.9%CNH FY2022: +20.8%CNH FY2023: +4.8%CNH FY2024: -19.7%CNH FY2025: -8.8%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
CNH -8.8%MTW +2.9%
Free cash flow
MTW FY2018: -$544.7MMTW FY2019: -$88.4MMTW FY2020: -$61.4MMTW FY2021: $35.8MMTW FY2022: $15.1MMTW FY2023: -$14.4MMTW FY2024: $3.5MMTW FY2025: -$15.3MFY18FY19FY20FY21FY22FY23FY24FY25
CNHMTW -$15.3M

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

Questions about CNH Industrial and Manitowoc

Which is bigger by revenue, CNH Industrial or Manitowoc?

CNH Industrial is bigger by revenue: $18.1B in fiscal 2025, against $2.2B for Manitowoc in fiscal 2025.

Which keeps more of its revenue as profit, CNH Industrial or Manitowoc?

CNH Industrial had a net margin of 2.8% in fiscal 2025; Manitowoc had 0.3% in fiscal 2025.

Which grew revenue faster, CNH Industrial or Manitowoc?

In their latest fiscal years revenue changed by -8.8% at CNH Industrial 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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