Manitowoc (MTW) Gross Margin (2009 - 2026)
Manitowoc's (MTW) quarterly Gross Margin came in at 16.73% in Q4 2025, up 76.0% YoY from 9.51% in Q4 2024, and down 9.75% on a QoQ basis from 18.54% in Q3 2025.
Manitowoc (MTW) Gross Margin (2009 - 2026) Analysis & Trends
Manitowoc (MTW) has 17 years of Gross Margin data on file, last reported at 16.73% in Q4 2025.
- Quarterly Gross Margin rose 76.0% year-over-year to 16.73% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 18.06% (up 84.0% YoY) and the FY2025 annual result came in at 18.06%, up 84.0% from the prior year.
- Gross Margin declined to 16.73% in Q4 2025, from 18.54% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 20.91% in Q1 2023 to a low of 15.95% in Q4 2021.
- A 5-year average of 18.08% and a median of 18.43% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2021 — Gross Margin jumped 476 bps — and 2024, when it sank 267 bps.
- Tracing MTW's Gross Margin over 5 years: 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 | 382.72 Bn | 376.01 Bn | 7.76 Bn | 37.78% |
| 2 | Deere | 172.99 Bn | 165.09 Bn | 13.06 Bn | 97.71% |
| 3 | Paccar | 69.18 Bn | 60.52 Bn | 1.56 Bn | 20.64% |
| 4 | CNH Industrial | 14.61 Bn | 12.75 Bn | 1.41 Bn | 29.29% |
| 5 | Oshkosh | 9.81 Bn | 9.41 Bn | 480.30 Mn | 16.48% |
| 6 | Agco | 7.61 Bn | 7.04 Bn | 645.90 Mn | 24.75% |
| 7 | Terex | 7.56 Bn | 7.15 Bn | 444.00 Mn | 19.84% |
| 8 | Blue Bird | 2.15 Bn | 2.03 Bn | 103.37 Mn | 19.99% |
| 9 | Alamo | 1.99 Bn | 1.79 Bn | 110.86 Mn | 24.59% |
| 10 | Manitowoc | 711.95 Mn | 605.85 Mn | 123.10 Mn | 20.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.69% |
| 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% |