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Manitowoc vs Columbus McKinnon: MTW and CMCO compared
Manitowoc is the larger company: $614M of revenue in its latest quarter (Q3 2026) against $539M for Columbus McKinnon (Q2 FY27). Columbus McKinnon is growing faster (+107% against +11% a year earlier). Columbus McKinnon is more profitable, with an operating margin of 6.5% against 5.2%.
Where the money goes: MTW and CMCO
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.
Columbus McKinnon (CMCO) · Q2 FY27
Columbus McKinnon, Q2 FY27: revenue $539M (+107% year over year), operating margin 6.5%, net loss $25.2M, operating cash flow −$4.6M. The chart follows the revenue to costs, profit and cash.
| Manitowoc (MTW) | Columbus McKinnon (CMCO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $614M | $539M |
| Revenue growth, Y/Y | +11% | +107% |
| Gross margin | 19.8% | — |
| Operating margin | 5.2% | 6.5% |
| Net earnings | $11.0M | −$25.2M |
| Net margin | 1.8% | -4.7% |
| Operating cash flow | −$33.2M | −$4.6M |
| Market value | $827M | $509M |
| P/E | 31.1× | — |
| Analysts’ mean target | $15.50 | $26.25 |
Where the revenue comes from
Manitowoc
- New Machine Sales: $440M (72%)
- Non New Machine Sales: $174M (28%)
Columbus McKinnon
- Industrial Products: $342M (63%)
- Crane Solutions: $128M (24%)
- Precision Conveyor Products: $39.4M (7%)
- Engineered Products: $30.1M (6%)
Questions
Which is bigger, Manitowoc or Columbus McKinnon?
Manitowoc is the larger company: $614M of revenue in its latest quarter (Q3 2026) against $539M for Columbus McKinnon (Q2 FY27).
Is Manitowoc or Columbus McKinnon growing faster?
Columbus McKinnon is growing faster (+107% against +11% a year earlier).
Which is more profitable, Manitowoc or Columbus McKinnon?
Columbus McKinnon is more profitable, with an operating margin of 6.5% against 5.2%.
More: Manitowoc earnings · how Manitowoc makes money · Columbus McKinnon earnings · how Columbus McKinnon makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.