Filing Flows › Manitowoc (MTW) › Q3 2025
Manitowoc (MTW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Manitowoc (MTW) reported revenue of $553M for the third quarter 2025 (Q3 2025), +5% from a year earlier and +3% from the quarter before. Operating margin was 3.3%, net earnings $5.0M (0.9% of revenue).
Manitowoc, Q3 2025: revenue $553M (+5% year over year), operating margin 3.3%, net earnings $5.0M, operating cash flow −$14.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $553M | +3% | +5% |
| Gross profit | $103M | +4% | +17% |
| Operating profit | $18.5M | +89% | +147% |
| Net earnings | $5.0M | +233% | — |
| Operating cash flow | −$14.1M | — | — |
What changed
Revenue was $553.4M in Q3 2025, up 5% year over year and up 3% from the previous quarter. New Machine Sales was the largest line at 68% of revenue. New Machine Sales added $20.4M year over year (up 6%), 71% of the total change.
Gross margin was 18.5%, up 1.8 points from a year earlier. Operating profit was $18.5M, a 3.3% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, above the 1% margin then. Operating expenses grew 5% against revenue growth of 5%. Net earnings were $5.0M. The effective tax rate was 33.3%.
Operating cash flow was −$14.1M. Non-cash charges added back $15.6M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $35.7M. Capital expenditures of $7.9M exceeded it, leaving free cash flow of −$22.0M.
Questions
What was Manitowoc's revenue in the third quarter 2025?
Manitowoc (MTW) reported revenue of $553M for the third quarter 2025 (Q3 2025), +5% from a year earlier and +3% from the quarter before.
Was Manitowoc profitable in the third quarter 2025?
Operating profit was $18.5M (3.3% of revenue) and net earnings $5.0M.
Source: Manitowoc 10-Q on SEC EDGAR.