Manitowoc (MTW) Operating Margin (2009 - 2026)
Manitowoc's (MTW) quarterly Operating Margin came in at 2.98% in Q4 2025, up 27.0% YoY from 2.35% in Q4 2024, and down 10.76% on a QoQ basis from 3.34% in Q3 2025.
Manitowoc (MTW) Operating Margin (2009 - 2026) Analysis & Trends
Manitowoc (MTW) has 17 years of Operating Margin data on file, last reported at 2.98% in Q4 2025.
- Quarterly Operating Margin rose 27.0% year-over-year to 2.98% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 2.4% (up 2.0% YoY) and the FY2025 annual result came in at 2.4%, up 2.0% from the prior year.
- Operating Margin declined to 2.98% in Q4 2025, from 3.34% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 5.94% in Q1 2023 to a low of 21.96% in Q4 2022.
- A 5-year average of 1.69% and a median of 2.85% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 2232 bps — and 2023, when it jumped 2360 bps.
- Tracing MTW's Operating Margin over 5 years: stood at 0.36% in 2021, then slumped by 6173 bps to 21.96% in 2022, then jumped by 107 bps to 1.64% in 2023, then surged by 65 bps to 2.72% in 2024, then gained by 10 bps to 2.98% in 2025.
- The last three Operating Margin figures came in at 2.98% (Q4 2025), 3.34% (Q3 2025), and 1.82% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 382.36 Bn | 375.64 Bn | 7.76 Bn | 20.91% |
| 2 | Deere | 173.65 Bn | 165.74 Bn | 13.06 Bn | 16.73% |
| 3 | Paccar | 69.39 Bn | 60.72 Bn | 1.56 Bn | -61.85% |
| 4 | CNH Industrial | 14.52 Bn | 12.65 Bn | 1.41 Bn | 13.66% |
| 5 | Oshkosh | 9.82 Bn | 9.42 Bn | 480.30 Mn | 8.34% |
| 6 | Agco | 7.64 Bn | 7.07 Bn | 645.90 Mn | 5.39% |
| 7 | Terex | 7.57 Bn | 7.16 Bn | 444.00 Mn | 8.36% |
| 8 | Blue Bird | 2.15 Bn | 2.03 Bn | 103.37 Mn | 12.12% |
| 9 | Alamo | 1.99 Bn | 1.79 Bn | 110.86 Mn | 10.15% |
| 10 | Manitowoc | 711.95 Mn | 605.85 Mn | 123.10 Mn | 5.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.23% |
| Dec 31, 2025 | 2.98% |
| Sep 30, 2025 | 3.34% |
| Jun 30, 2025 | 1.82% |
| Mar 31, 2025 | 1.13% |
| Dec 31, 2024 | 2.72% |
| Sep 30, 2024 | 1.43% |
| Jun 30, 2024 | 2.29% |
| Mar 31, 2024 | 3.07% |
| Dec 31, 2023 | 1.64% |
| Sep 30, 2023 | 3.46% |
| Jun 30, 2023 | 5.71% |
| Mar 31, 2023 | 5.94% |
| Dec 31, 2022 | -21.96% |
| Sep 30, 2022 | 1.67% |
| Jun 30, 2022 | 3.68% |
| Mar 31, 2022 | 3.83% |
| Dec 31, 2021 | 0.36% |
| Sep 30, 2021 | 1.80% |
| Jun 30, 2021 | 5.76% |