Filing Flows › Manitowoc (MTW) › Q4 2025
Manitowoc (MTW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Manitowoc (MTW) reported revenue of $677M for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +22% from the quarter before. Operating margin was 3.0%, net earnings $7.0M (1.0% of revenue).
Manitowoc, Q4 2025: revenue $677M (+14% year over year), operating margin 3.0%, net earnings $7.0M, operating cash flow $91.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $677M | +22% | +14% |
| Gross profit | $113M | +10% | +19% |
| Operating profit | $20.2M | +9% | +25% |
| Net earnings | $7.0M | +40% | -88% |
| Operating cash flow | $91.1M | — | -19% |
| Free cash flow | $78.3M | — | -23% |
What changed
Revenue was $677.1M in Q4 2025, up 14% year over year and up 22% from the previous quarter. New Machine Sales was the largest line at 72% of revenue.
Gross margin was 16.7%, up 0.8 points from a year earlier. Operating profit was $20.2M, a 3.0% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, above the 3% margin then. Operating expenses grew 18% against revenue growth of 14%. Net earnings were $7.0M, down 88% year over year. The effective tax rate was 43.5%.
Operating cash flow was $91.1M (down 19% year over year), 1301% of net earnings. Non-cash charges added back $15.4M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $66.0M. Capital expenditures of $12.8M left free cash flow of $78.3M.
Questions
What was Manitowoc's revenue in the fourth quarter 2025?
Manitowoc (MTW) reported revenue of $677M for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +22% from the quarter before.
Was Manitowoc profitable in the fourth quarter 2025?
Operating profit was $20.2M (3.0% of revenue) and net earnings $7.0M.
Source: Manitowoc 10-K on SEC EDGAR.