Manitowoc (MTW) Gross Margin (2009 - 2025)
Manitowoc (MTW) reported Gross Margin of 16.73% for Q4 2025, up 76.0% on a YoY basis from 9.51% in Q4 2024, and down 9.75% quarter-over-quarter from 18.54% in Q3 2025.
Manitowoc (MTW) Gross Margin (2009 - 2025) Analysis & Trends
Manitowoc has reported Gross Margin for 17 years, with the latest figure at 16.73% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin rose 76.0% year-over-year to 16.73%; the trailing twelve-month figure through Dec 2025 stood at 18.06% (up 84.0% YoY), and the FY2025 full-year result was 18.06%, up 84.0% from the prior year.
- Gross Margin for Q4 2025 stood at 16.73%, down from 18.54% in the prior quarter.
- The five-year high for Gross Margin was 20.91% in Q1 2023, with the low at 15.95% in Q4 2021.
- Historically, Gross Margin has averaged 18.08% across 5 years, with a median of 18.43% in 2022.
- Annual changes were most pronounced in 2021 — Gross Margin jumped 476 bps — and 2024, when it sank 267 bps.
- Manitowoc's Gross Margin stood at 15.95% in 2021, then rose by 18 bps to 18.74% in 2022, then declined by 11 bps to 16.63% in 2023, then slipped by 4 bps to 15.97% in 2024, then grew by 5 bps to 16.73% in 2025.
- The last three Gross Margin figures came in at 16.73% (Q4 2025), 18.54% (Q3 2025), and 18.35% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 397.22 Bn | 393.14 Bn | 6.11 Bn | 35.08% |
| 2 | Deere | 151.61 Bn | 143.71 Bn | 13.06 Bn | 97.71% |
| 3 | Paccar | 60.18 Bn | 59.49 Bn | 1.36 Bn | 20.07% |
| 4 | Oshkosh | 8.00 Bn | 7.75 Bn | 311.90 Mn | 13.46% |
| 5 | Terex | 5.74 Bn | 5.35 Bn | 206.00 Mn | 11.88% |
| 6 | Blue Bird | 2.18 Bn | 1.91 Bn | 70.65 Mn | 20.03% |
| 7 | Alamo | 1.82 Bn | 1.62 Bn | 104.81 Mn | 25.12% |
| 8 | Lindsay | 1.21 Bn | 1.02 Bn | 42.35 Mn | 27.38% |
| 9 | Astec Industries | 1.14 Bn | 1.06 Bn | 99.10 Mn | 25.01% |
| 10 | Manitowoc | 418.28 Mn | 331.48 Mn | 113.30 Mn | 16.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 16.73% |
| Sep 30, 2025 | 18.54% |
| Jun 30, 2025 | 18.35% |
| Mar 31, 2025 | 19.07% |
| Dec 31, 2024 | 15.97% |
| Sep 30, 2024 | 16.69% |
| Jun 30, 2024 | 17.74% |
| Mar 31, 2024 | 18.68% |
| Dec 31, 2023 | 16.63% |
| Sep 30, 2023 | 18.58% |
| Jun 30, 2023 | 20.40% |
| Mar 31, 2023 | 20.91% |
| Dec 31, 2022 | 18.74% |
| Sep 30, 2022 | 16.34% |
| Jun 30, 2022 | 17.84% |
| Mar 31, 2022 | 18.52% |
| Dec 31, 2021 | 15.95% |
| Sep 30, 2021 | 17.06% |
| Jun 30, 2021 | 19.50% |
| Mar 31, 2021 | 19.31% |