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
DateValue
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%