Latest Ratios: P/E Ratio 61.4x · EV/EBITDA 7.8x · ROE 1.1%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $441M | $433M | $326M | $600M | $322M | $659M | $462M | $624M | $525M | $1.4B | $824M |
| Enterprise Value | $947M | $939M | $715M | $985M | $678M | $1.0B | $672M | $774M | $657M | $1.6B | $1.0B |
| P/E Ratio → | 61.35 | 59.95 | 5.85 | 15.31 | — | 59.97 | — | 13.36 | — | 151.31 | — |
| P/S Ratio | 0.20 | 0.19 | 0.15 | 0.27 | 0.16 | 0.38 | 0.32 | 0.34 | 0.28 | 0.89 | 0.51 |
| P/B Ratio | 0.64 | 0.62 | 0.51 | 0.99 | 0.60 | 0.99 | 0.72 | 0.97 | 0.87 | 2.08 | 1.40 |
| P/FCF | — | — | 93.15 | — | 21.34 | 18.41 | — | — | — | 28.79 | — |
| P/OCF | 19.85 | 19.49 | 6.63 | 9.53 | 4.19 | 8.65 | — | — | — | 18.11 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.42 | 0.33 | 0.44 | 0.33 | 0.59 | 0.47 | 0.42 | 0.36 | 0.99 | 0.64 |
| EV / EBITDA | 7.78 | 7.71 | 6.24 | 6.47 | — | 10.92 | 8.83 | 5.39 | 38.44 | 39.16 | — |
| EV / EBIT | 16.13 | 18.74 | 14.30 | 12.41 | — | 22.18 | 24.81 | 8.44 | — | 54.96 | — |
| EV / FCF | — | — | 204.35 | — | 44.89 | 28.49 | — | — | — | 31.96 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.1% | 18.1% | 17.2% | 19.1% | 17.9% | 17.9% | 17.6% | 18.8% | 17.8% | 17.8% | 15.7% |
| Operating Margin | 2.6% | 2.6% | 2.4% | 4.1% | -4.6% | 2.7% | 2.7% | 5.9% | -1.0% | 0.1% | -9.5% |
| Net Profit Margin | 0.3% | 0.3% | 2.6% | 1.8% | -6.1% | 0.6% | -1.3% | 2.5% | -3.6% | 0.6% | -23.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.1% | 1.1% | 9.0% | 6.9% | -20.6% | 1.7% | -3.0% | 7.5% | -10.5% | 1.5% | -53.3% |
| ROA | 0.4% | 0.4% | 3.3% | 2.4% | -7.3% | 0.7% | -1.2% | 2.9% | -4.3% | 0.6% | -15.1% |
| ROIC | 3.9% | 3.9% | 3.9% | 7.4% | -7.3% | 3.7% | 3.5% | 10.6% | -1.8% | 0.1% | -7.7% |
| ROCE | 4.7% | 4.7% | 4.4% | 8.4% | -8.0% | 3.8% | 3.3% | 9.8% | -1.8% | 0.1% | -8.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.84 | 0.84 | 0.68 | 0.70 | 0.78 | 0.66 | 0.53 | 0.54 | 0.45 | 0.41 | 0.48 |
| Debt / EBITDA | 4.79 | 4.79 | 3.81 | 2.75 | — | 4.67 | 4.46 | 2.43 | 15.97 | 6.87 | — |
| Net Debt / Equity | — | 0.73 | 0.61 | 0.64 | 0.66 | 0.54 | 0.33 | 0.23 | 0.22 | 0.23 | 0.36 |
| Net Debt / EBITDA | 4.16 | 4.16 | 3.39 | 2.53 | — | 3.87 | 2.77 | 1.05 | 7.77 | 3.89 | — |
| Debt / FCF | — | — | 111.20 | — | 23.54 | 10.08 | — | — | — | 3.18 | — |
| Interest Coverage | 1.33 | 1.33 | 1.26 | 2.26 | -2.80 | 1.59 | 0.89 | 2.68 | -0.79 | 0.73 | -5.52 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.23 | 2.23 | 2.02 | 1.83 | 1.82 | 1.81 | 1.99 | 1.98 | 1.70 | 1.76 | 1.82 |
| Quick Ratio | 0.84 | 0.84 | 0.74 | 0.65 | 0.71 | 0.70 | 0.90 | 0.93 | 0.78 | 0.89 | 0.77 |
| Cash Ratio | 0.16 | 0.16 | 0.10 | 0.06 | 0.12 | 0.14 | 0.30 | 0.45 | 0.28 | 0.26 | 0.17 |
| Asset Turnover | — | 1.23 | 1.31 | 1.31 | 1.26 | 0.97 | 0.90 | 1.13 | 1.20 | 0.98 | 1.07 |
| Inventory Turnover | 2.68 | 2.68 | 2.96 | 2.70 | 2.73 | 2.45 | 2.51 | 3.23 | 3.35 | 3.28 | 3.17 |
| Days Sales Outstanding | — | 45.82 | 43.62 | 45.68 | 49.73 | 53.64 | 57.83 | 36.96 | 37.79 | 48.54 | 44.53 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.6% | 1.7% | 17.1% | 6.5% | — | 1.7% | — | 7.5% | — | 0.7% | — |
| FCF Yield | — | — | 1.1% | — | 4.7% | 5.4% | — | — | — | 3.5% | — |
| Buyback Yield | 0.0% | 0.0% | 1.7% | 0.9% | 0.9% | 0.0% | 2.6% | 1.2% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 1.7% | 0.9% | 0.9% | 0.0% | 2.6% | 1.2% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $36M | $36M | $36M | $35M | $35M | $35M | $36M | $36M | $36M | $34M |
Cyclical margin compression risk
According to current market data, MTW trades at a P/S ratio of 0.23, which suggests that investors are heavily discounting the company's future earnings potential compared to broader industrial peers, likely due to the persistent volatility in its project-based revenue model and thin net margins.
The forward EV/EBITDA multiple of 5.92 indicates that the market is pricing in significant execution risk, effectively treating the company as a distressed asset rather than a growth-oriented industrial player. This valuation gap warrants investigation into whether the market is overly pessimistic regarding the company's ability to navigate the current late-cycle infrastructure environment.
Based on reported financial statements, MTW's ROIC has struggled to exceed 1.3% in any of the last ten quarters, indicating that the company is failing to generate returns that meaningfully exceed its cost of capital, a trend that appears to be worsening over time.
The persistent inability to drive ROIC above low single digits suggests that the company's heavy manufacturing footprint and high fixed-cost base are significant drags on capital efficiency. Investors should monitor whether management's 'Cranes+' strategy can eventually improve these returns or if the business model is fundamentally incapable of compounding capital in its current configuration.
As reported in recent filings, the company's cash conversion cycle remains elevated, peaking at 152 days in 2024Q3, which highlights the significant operational friction involved in managing inventory and receivables within the highly cyclical global crane market.
The high days inventory outstanding, which reached 163 days in 2025Q3, suggests that the company is carrying substantial capital in the form of unsold equipment, which ties up liquidity and increases exposure to potential write-downs. This inefficiency appears to be a structural hurdle that prevents the company from achieving the cash flow stability seen in more service-oriented industrial peers.
According to quarterly data, the interest coverage ratio has frequently dipped below 1.0x, with a low of -0.01 in 2025Q1, demonstrating that the company's ability to service its debt obligations is highly sensitive to minor fluctuations in operating income.
While the debt-to-equity ratio of 0.84 might appear manageable in isolation, the lack of consistent interest coverage suggests that the balance sheet is far more vulnerable than the headline leverage figures imply. The company's reliance on debt to bridge working capital gaps during cyclical troughs creates a persistent risk of liquidity stress that warrants close monitoring.
The P/E ratio is the most commonly misapplied metric for MTW, as the company's extreme earnings volatility and frequent shifts into negative net income render trailing P/E multiples largely meaningless for assessing the underlying value of the business.
Investors should instead focus on EV/EBITDA or P/S ratios to normalize for the company's capital structure and the cyclical nature of its earnings. Relying on P/E in a business where net margins can swing from positive to negative in a single quarter obscures the true operational health and cash-generating capacity of the firm.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying MTW stock.
The Manitowoc Company, Inc.'s current P/E ratio is 61.4x. The historical average is 20.5x. This places it at the 95th percentile of its historical range.
The Manitowoc Company, Inc.'s current EV/EBITDA is 7.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.8x.
The Manitowoc Company, Inc.'s return on equity (ROE) is 1.1%. The historical average is 5.4%.
Based on historical data, The Manitowoc Company, Inc. is trading at a P/E of 61.4x. This is at the 95th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
The Manitowoc Company, Inc. has 18.1% gross margin and 2.6% operating margin.
The Manitowoc Company, Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.