Manitowoc (MTW) Operating Expenses (2009 - 2025)
Manitowoc (MTW) posted Operating Expenses of $93.1 million for Q4 2025, up 10.7% on a QoQ basis from $84.1 million in Q3 2025, and up 17.85% year-over-year from $79.0 million in Q4 2024.
Manitowoc (MTW) Operating Expenses (2009 - 2025) Analysis & Trends
Manitowoc's Operating Expenses history runs 17 years deep, the most recent figure standing at $93.1 million for Q4 2025.
- Quarterly Operating Expenses rose 17.85% year-over-year to $93.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $350.9 million (up 8.57% YoY) and the FY2025 annual result came in at $350.9 million, up 8.57% from the prior year.
- Operating Expenses was $93.1 million for Q4 2025 at Manitowoc, up from $84.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $253.0 million in Q4 2022 and bottomed at $57.7 million in Q1 2021.
- A 5-year average of $86.3 million and a median of $78.9 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 226.03% — and 2023, when it tumbled 64.7%.
- Manitowoc's Operating Expenses stood at $77.6 million in 2021, then soared by 226.03% to $253.0 million in 2022, then tumbled by 64.7% to $89.3 million in 2023, then fell by 11.53% to $79.0 million in 2024, then rose by 17.85% to $93.1 million in 2025.
- Business Quant data shows MTW's Operating Expenses at $93.1 million in Q4 2025, $84.1 million in Q3 2025, and $89.2 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 414.02 Bn | 409.95 Bn | 6.11 Bn | 14.33 Bn |
| 2 | Deere | 164.89 Bn | 157.03 Bn | 13.06 Bn | 11.08 Bn |
| 3 | Paccar | 68.81 Bn | 67.93 Bn | 1.36 Bn | 5.65 Bn |
| 4 | CNH Industrial | 13.19 Bn | 11.63 Bn | 1.22 Bn | 701.00 Mn |
| 5 | Oshkosh | 11.41 Bn | 11.16 Bn | 311.90 Mn | 229.90 Mn |
| 6 | Agco | 8.50 Bn | 8.28 Bn | 581.40 Mn | 339.10 Mn |
| 7 | Terex | 6.58 Bn | 6.19 Bn | 206.00 Mn | 241.00 Mn |
| 8 | Greenpower Motor | 3.53 Bn | 3.53 Bn | 1.26 Mn | 1.29 Mn |
| 9 | Blue Bird | 2.45 Bn | 2.18 Bn | 70.65 Mn | 31.53 Mn |
| 10 | Manitowoc | 572.34 Mn | 485.54 Mn | 113.30 Mn | 93.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 93.10 Mn |
| Sep 30, 2025 | 84.10 Mn |
| Jun 30, 2025 | 89.20 Mn |
| Mar 31, 2025 | 84.50 Mn |
| Dec 31, 2024 | 79.00 Mn |
| Sep 30, 2024 | 80.10 Mn |
| Jun 30, 2024 | 86.80 Mn |
| Mar 31, 2024 | 77.30 Mn |
| Dec 31, 2023 | 89.30 Mn |
| Sep 30, 2023 | 78.80 Mn |
| Jun 30, 2023 | 88.60 Mn |
| Mar 31, 2023 | 76.10 Mn |
| Dec 31, 2022 | 253.00 Mn |
| Sep 30, 2022 | 66.70 Mn |
| Jun 30, 2022 | 70.40 Mn |
| Mar 31, 2022 | 67.40 Mn |
| Dec 31, 2021 | 77.60 Mn |
| Sep 30, 2021 | 61.70 Mn |
| Jun 30, 2021 | 63.70 Mn |
| Mar 31, 2021 | 57.70 Mn |