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Manitowoc cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$42.1M in Q3 2026 · $49.3M over twelve months

Operating cash flow−$33.2M
Capital spending−$8.9M
Free cash flow−$42.1M
Cash / net income-3.0×
Cash conversion cycle136 days

Analysis

In Q3 2026, Manitowoc generated −$33.2M of operating cash flow and spent $8.9M on capital projects, leaving free cash flow of −$42.1M. That is $20.1M less than in Q3 2025 (−$22.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $93.3M; the largest uses were other financing ($47.2M), capital spending ($44.0M); besides operations, cash came from net borrowing (+) / repaid (−) ($18.5M), asset & business sales ($4.5M); the cash balance rose by $25.0M.

Operating cash flow was −$33.2M against net income of $11.0M — -3.0× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$38.7M, accrued liabilities +$21.7M, payables −$21.1M.

Its cash conversion cycle was 136 days (receivables 46 + inventory 149 − payables 59).

Free cash flow

Manitowoc: free cash flow by quarterManitowoc: free cash flow by quarter$101MQ4 2024$2.1MQ1 2025−$73.7MQ2 2025−$22.0MQ3 2025$78.3MQ4 2025$19.2MQ1 2026−$6.1MQ2 2026−$42.1MQ3 2026
Operating cash flow less capital spending.
Manitowoc: operating cash flow against capital spendingManitowoc: operating cash flow against capital spendingOperating cash flowCapital spending$112M$11.3MQ4 2024$12.9M$10.8MQ1 2025−$67.7M$6.0MQ2 2025−$14.1M$7.9MQ3 2025$91.1M$12.8MQ4 2025$27.4M$8.2MQ1 2026$8.0M$14.1MQ2 2026−$33.2M$8.9MQ3 2026
Latest (Q3 2026): Operating cash flow −$33.2M, Capital spending $8.9M.

Capital allocation, year by year

Manitowoc: where the cash came from (up) and went (down), by fiscal yearManitowoc: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $76.2MFY2021: Net borrowing −$4.9MFY2021: Shares issued $5.8MFY2021: Asset sales $300KFY2021: Capital spending −$40.4MFY2021: Acquisitions −$186M$82.3MFY2021FY2022: Operating cash flow $76.9MFY2022: Net borrowing −$5.1MFY2022: Shares issued $100KFY2022: Asset sales $1.5MFY2022: Capital spending −$61.8MFY2022: Buybacks −$3.0M$78.5MFY2022FY2023: Operating cash flow $63.0MFY2023: Net borrowing $3.8MFY2023: Shares issued $300KFY2023: Asset sales $5.6MFY2023: Capital spending −$77.4MFY2023: Buybacks −$5.5M$72.7MFY2023FY2024: Operating cash flow $49.2MFY2024: Net borrowing $6.6MFY2024: Asset sales $4.8MFY2024: Capital spending −$45.7MFY2024: Buybacks −$5.7M$60.6MFY2024FY2025: Operating cash flow $22.2MFY2025: Net borrowing $15.6MFY2025: Asset sales $900KFY2025: Capital spending −$37.5M$38.7MFY2025
Over these 5 years operating cash flow totalled $288M; the largest uses were capital spending ($263M) and acquisitions ($186M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$64.7M
Debt$465M
Net debt$400M
Due within a year$13.7M

Manitowoc funds itself: free cash flow was $49.3M over the last twelve months, and $64.7M of cash and investments stands against $465M of debt ($13.7M due within a year, 4.7× covered by cash).

Manitowoc: debt maturities by year (FY2025)Manitowoc: debt maturities by year (FY2025)$13.7MYear 1$1.5MYear 2$1.6MYear 3$146MYear 4$2.4MYear 5$300MAfter year 5
Principal due in each year as disclosed in the annual report, against $64.7M of cash and investments now.

Where the cash came from and went

Manitowoc: sources (+) and uses (−) of cash, Q3 2026Manitowoc: sources (+) and uses (−) of cash, Q3 2026Operating cash flow−$33.2MCash drawn (+) / kept (−)$31.1MNet borrowing (+) / repaid (−)$16.7MCapital spending−$8.9MOther financing−$7.8MAsset & business sales$2.1M
Manitowoc: sources (+) and uses (−) of cash, TTM to Q3 2026Manitowoc: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$93.3MOther financing−$47.2MCapital spending−$44.0MCash drawn (+) / kept (−)−$25.0MNet borrowing (+) / repaid (−)$18.5MAsset & business sales$4.5MExchange rates−$700KShares issued$600K

From profit to cash

Manitowoc: net income to operating cash flow, Q3 2026Manitowoc: net income to operating cash flow, Q3 2026Net income$11.0MDepreciation & amortization$14.8MStock-based pay$500KGains on disposals−$900KReceivables−$19.7MInventory−$38.7MPayables−$21.1MAccrued liabilities$21.7MPrepaid and other assets−$6.3MOperating cash flow−$33.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20264614959136
Q2 20264314759131
Q1 20265016160151
Q4 20253812244116
Q3 20254716363148
Q2 20254715360140
Q1 20255015556149
Q4 20244112742126

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026−$33.2M−$8.9M$16.7M$31.1M−$42.1M
Q2 2026$8.0M−$14.1M−$5.5M−$17.4M−$6.1M
Q1 2026$27.4M−$8.2M—−$1.1M$19.2M
Q4 2025$91.1M−$12.8M$7.3M−$37.6M$78.3M
Q3 2025−$14.1M−$7.9M−$72.5M−$6.8M−$22.0M
Q2 2025−$67.7M−$6.0M−$9.5M$8.5M−$73.7M
Q1 2025$12.9M−$10.8M$3.3M$6.6M$2.1M
Q4 2024$112M−$11.3M−$25.6M−$25.1M$101M

Manitowoc: income statement and cash flow

Manitowoc, Q3 2026: revenue $614M (+11% year over year), operating margin 5.2%. The chart follows the revenue to costs, profit and cash.

Manitowoc: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.