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How Manitowoc (MTW) makes money
Manitowoc (MTW) made $614M of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. New Machine Sales brought in $440M (72%); Non New Machine Sales brought in $174M (28%). Of every dollar of revenue, 20¢ was left as gross profit, 5¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| New Machine Sales | $440M | 71.6% | +4% | +17% |
| Non New Machine Sales | $174M | 28.4% | +1% | -2% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $614M | 100.0% |
| Cost of revenue | $492M | 80.2% |
| Gross profit | $122M | 19.8% |
| Operating expenses | $90.0M | 14.7% |
| Operating profit | $31.8M | 5.2% |
| Income tax | $7.8M | 1.3% |
| Net earnings | $11.0M | 1.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $614M | +11% |
| Q2 2026 | $595M | +10% |
| Q1 2026 | $495M | +5% |
| Q4 2025 | $677M | +14% |
| Q3 2025 | $553M | +5% |
| Q2 2025 | $540M | -4% |
| Q1 2025 | $471M | -5% |
From Manitowoc's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Manitowoc make money?
Manitowoc (MTW) made $614M of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. New Machine Sales brought in $440M (72%); Non New Machine Sales brought in $174M (28%). Of every dollar of revenue, 20¢ was left as gross profit, 5¢ was left as operating profit, 2¢ was left as net earnings.
What is Manitowoc's biggest business?
New Machine Sales: $440M in the third quarter 2026, 72% of revenue, +17% from a year earlier.
What is Manitowoc's profit margin?
Net earnings were $11.0M, 1.8% of revenue, in the third quarter 2026; the operating margin was 5.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.