MTW (MTW) financial statements
MTW reported revenue of $2.2B in fiscal 2025, up 3.7% a year over 9 years.
Net income was $7M and the operating margin 2.4%, against -8.9% in 2016.
Free cash flow was -$15M.
The diluted share count rose 5% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MTW's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.8B | $1.8B | $1.4B | $1.7B | $2.0B | $2.2B | $2.2B | $2.2B |
| Cost of revenue | $1.4B | $1.3B | $1.5B | $1.5B | $1.2B | $1.4B | $1.7B | $1.8B | $1.8B | $1.8B |
| Gross profit | $253M | $282M | $328M | $344M | $255M | $307M | $364M | $425M | $375M | $405M |
| Research and development | $44M | $38M | $35M | $31M | $31M | $29M | $34M | $35M | $41M | $56M |
| Operating income | -$143M | $8M | -$19M | $108M | $39M | $46M | -$93M | $92M | $52M | $54M |
| Interest expense | $40M | $39M | $39M | — | — | — | — | — | — | — |
| Pre-tax income | -$268M | -$40M | -$72M | $59M | -$2M | $17M | -$120M | $44M | $12M | $12M |
| Income tax | $100M | -$50M | -$5M | $12M | $17M | $6M | $3M | $5M | -$44M | $5M |
| Net income | -$376M | $9M | -$67M | $47M | -$19M | $11M | -$124M | $39M | $56M | $7M |
| EPS (diluted) | -$10.91 | $0.26 | -$1.89 | $1.31 | -$0.55 | $0.31 | -$3.51 | $1.09 | $1.56 | $0.20 |
| Diluted shares | 34M | 36M | 36M | 36M | 35M | 35M | 35M | 36M | 36M | 36M |
| Gross margin | 15.7% | 17.8% | 17.8% | 18.8% | 17.6% | 17.9% | 17.9% | 19.1% | 17.2% | 18.1% |
| Operating margin | -8.9% | 0.5% | -1.0% | 5.9% | 2.7% | 2.7% | -4.6% | 4.1% | 2.4% | 2.4% |
| Net margin | -23.3% | 0.6% | -3.6% | 2.5% | -1.3% | 0.6% | -6.1% | 1.8% | 2.6% | 0.3% |
Balance sheet
Fiscal years, from MTW's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $70M | $123M | $140M | $199M | $129M | $75M | $64M | $34M | $48M | $77M |
| Receivables | $134M | $179M | $172M | $168M | $215M | $236M | $266M | $279M | $260M | $281M |
| Inventory | $429M | $401M | $453M | $461M | $473M | $577M | $612M | $666M | $609M | $684M |
| Total current assets | $750M | $790M | $843M | $872M | $866M | $942M | $998M | $1.0B | $959M | $1.1B |
| Property, plant and equipment | $309M | $304M | $289M | $290M | $294M | $359M | $335M | $366M | $346M | $343M |
| Goodwill | $300M | $321M | $233M | $232M | $235M | $250M | $80M | $80M | $78M | $80M |
| Total assets | $1.5B | $1.6B | $1.5B | $1.6B | $1.6B | $1.8B | $1.6B | $1.7B | $1.7B | $1.8B |
| Total current liabilities | $413M | $453M | $497M | $441M | $436M | $521M | $548M | $563M | $474M | $492M |
| Long-term debt | $269M | $267M | $267M | $308M | $300M | $400M | $380M | $359M | $377M | $447M |
| Total liabilities | $927M | $930M | $941M | $972M | $960M | $1.1B | $1.1B | $1.1B | $1.0B | $1.1B |
| Shareholders' equity | $590M | $678M | $601M | $646M | $644M | $662M | $538M | $603M | $640M | $695M |
| Net debt | $212M | $156M | $133M | $113M | $182M | $332M | $321M | $338M | $342M | $384M |
Cash flow
Fiscal years, from MTW's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$626M | -$325M | -$513M | -$53M | -$35M | $76M | $77M | $63M | $49M | $22M |
| Capital spending | $46M | $29M | $32M | $35M | $26M | $40M | $62M | $77M | $46M | $38M |
| Free cash flow | -$672M | -$354M | -$545M | -$88M | -$61M | $36M | $15M | -$14M | $4M | -$15M |
| Stock-based compensation | — | — | — | $10M | $6M | $7M | $8M | $12M | $11M | $10M |
| Dividends paid | $0 | $0 | — | — | — | $0 | $0 | $0 | $0 | $0 |
| Share buybacks (net) | — | — | — | -$7M | -$12M | $0 | -$3M | -$6M | -$6M | $0 |
| Net borrowing | -$1.1B | -$11M | -$4M | $23M | $0 | $0 | $0 | $0 | $0 | $0 |
| Free cash flow margin | -41.7% | -22.4% | -29.5% | -4.8% | -4.3% | 2.1% | 0.7% | -0.6% | 0.2% | -0.7% |
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Open MTW in InvestinglyQuestions
What was MTW's revenue in 2025?
$2.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does MTW generate?
-$15M in fiscal 2025 (operating cash flow minus capital spending).
From MTW's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.