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Manitowoc vs Astec Industries: MTW and ASTE compared
Manitowoc is the larger company: $614M of revenue in its latest quarter (Q3 2026) against $352M for Astec Industries (Q3 2026). Manitowoc is growing faster (+11% against +0.7% a year earlier). Manitowoc is more profitable, with an operating margin of 5.2% against -0.9%.
Where the money goes: MTW and ASTE
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.
Astec Industries (ASTE) · Q3 2026
Astec Industries, Q3 2026: revenue $352M (+0.7% year over year), operating margin -0.9%, net loss $12.3M, operating cash flow $17.4M. The chart follows the revenue to costs, profit and cash.
| Manitowoc (MTW) | Astec Industries (ASTE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $614M | $352M |
| Revenue growth, Y/Y | +11% | +0.7% |
| Gross margin | 19.8% | — |
| Operating margin | 5.2% | -0.9% |
| Net earnings | $11.0M | −$12.3M |
| Net margin | 1.8% | -3.5% |
| Operating cash flow | −$33.2M | $17.4M |
| Free cash flow | — | $10.7M |
| Market value | $827M | $823M |
| P/E | 31.1× | 72.2× |
| Analysts’ mean target | $15.50 | $67.25 |
Where the revenue comes from
Manitowoc
- New Machine Sales: $440M (72%)
- Non New Machine Sales: $174M (28%)
Astec Industries
- Infrastructure Solutions: $189M (54%)
- Materials Solutions: $163M (46%)
Questions
Which is bigger, Manitowoc or Astec Industries?
Manitowoc is the larger company: $614M of revenue in its latest quarter (Q3 2026) against $352M for Astec Industries (Q3 2026).
Is Manitowoc or Astec Industries growing faster?
Manitowoc is growing faster (+11% against +0.7% a year earlier).
Which is more profitable, Manitowoc or Astec Industries?
Manitowoc is more profitable, with an operating margin of 5.2% against -0.9%.
More: Manitowoc earnings · how Manitowoc makes money · Astec Industries earnings · how Astec Industries makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.