Manitowoc (MTW) Gross Margin (2009 - 2025)
Manitowoc (MTW) posted Gross Margin of 16.73% for Q4 2025, down 9.75% on a QoQ basis from 18.54% in Q3 2025, and up 76.0% year-over-year from 9.51% in Q4 2024.
Manitowoc (MTW) Gross Margin (2009 - 2025) Analysis & Trends
Manitowoc's Gross Margin history runs 17 years deep, the most recent figure standing at 16.73% for 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 was 16.73% for Q4 2025 at Manitowoc, down from 18.54% in the prior quarter.
- Across five years, Gross Margin topped out at 20.91% in Q1 2023 and bottomed at 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 plunged 267 bps.
- Manitowoc's Gross Margin stood at 15.95% in 2021, then advanced by 18 bps to 18.74% in 2022, then retreated by 11 bps to 16.63% in 2023, then declined by 4 bps to 15.97% in 2024, then rose by 5 bps to 16.73% in 2025.
- Business Quant data shows MTW's Gross Margin at 16.73% in Q4 2025, 18.54% in Q3 2025, and 18.35% in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 414.02 Bn | 409.95 Bn | 6.11 Bn | 35.08% |
| 2 | Deere | 164.89 Bn | 157.03 Bn | 13.06 Bn | 97.71% |
| 3 | Paccar | 68.81 Bn | 67.93 Bn | 1.36 Bn | 20.07% |
| 4 | CNH Industrial | 13.19 Bn | 11.63 Bn | 1.22 Bn | 31.91% |
| 5 | Oshkosh | 11.41 Bn | 11.16 Bn | 311.90 Mn | 13.46% |
| 6 | Agco | 8.50 Bn | 8.28 Bn | 581.40 Mn | 24.82% |
| 7 | Terex | 6.58 Bn | 6.19 Bn | 206.00 Mn | 11.88% |
| 8 | Greenpower Motor | 3.53 Bn | 3.53 Bn | 1.26 Mn | - |
| 9 | Blue Bird | 2.45 Bn | 2.18 Bn | 70.65 Mn | 20.03% |
| 10 | Manitowoc | 572.34 Mn | 485.54 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% |