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CNH Industrial N.V. vs Manitowoc: CNH and MTW compared
CNH Industrial N.V. is the larger company: $4.8B of revenue in its latest quarter (Q2 2026) against $614M for Manitowoc (Q3 2026). Manitowoc is growing faster (+11% against +2% a year earlier). Manitowoc is more profitable, with an operating margin of 5.2% against 3.8%.
Where the money goes: CNH and MTW
CNH Industrial N.V. (CNH) · Q2 2026
CNH Industrial N.V., Q2 2026: revenue $4.8B (+2% year over year), operating margin 3.8%, net earnings $141M, operating cash flow $145M. The chart follows the revenue to costs, profit and cash.
Manitowoc (MTW) · Q3 2026
Manitowoc, Q3 2026: revenue $614M (+11% year over year), operating margin 5.2%, net earnings $11.0M, operating cash flow −$33.2M. The chart follows the revenue to costs, profit and cash.
| CNH Industrial N.V. (CNH) | Manitowoc (MTW) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $4.8B | $614M |
| Revenue growth, Y/Y | +2% | +11% |
| Gross margin | — | 19.8% |
| Operating margin | 3.8% | 5.2% |
| Net earnings | $141M | $11.0M |
| Net margin | 2.9% | 1.8% |
| Operating cash flow | $145M | −$33.2M |
| Market value | $14.0B | $827M |
| P/E | 53.7× | 31.1× |
| Analysts’ mean target | $14.25 | $15.50 |
Where the revenue comes from
CNH Industrial N.V.
- Total Industrial Activities: $4.1B (86%)
- Financial Services: $656M (14%)
Manitowoc
- New Machine Sales: $440M (72%)
- Non New Machine Sales: $174M (28%)
Questions
Which is bigger, CNH Industrial N.V. or Manitowoc?
CNH Industrial N.V. is the larger company: $4.8B of revenue in its latest quarter (Q2 2026) against $614M for Manitowoc (Q3 2026).
Is CNH Industrial N.V. or Manitowoc growing faster?
Manitowoc is growing faster (+11% against +2% a year earlier).
Which is more profitable, CNH Industrial N.V. or Manitowoc?
Manitowoc is more profitable, with an operating margin of 5.2% against 3.8%.
More: CNH Industrial N.V. earnings · how CNH Industrial N.V. makes money · Manitowoc earnings · how Manitowoc makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 3, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.