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
DateValue
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