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Side-by-side financial comparison of CNH Industrial N.V. (CNH) and MANITOWOC CO INC (MTW). Click either name above to swap in a different company.

CNH Industrial N.V. is the larger business by last-quarter revenue ($4.5B vs $677.1M, roughly 6.6× MANITOWOC CO INC). CNH Industrial N.V. runs the higher net margin — 1.9% vs 1.0%, a 0.9% gap on every dollar of revenue. On growth, MANITOWOC CO INC posted the faster year-over-year revenue change (13.6% vs 7.8%). Over the past eight quarters, MANITOWOC CO INC's revenue compounded faster (16.9% CAGR vs 3.8%).

CNH Industrial NV is an Italian-American multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the multinational investment company Exor, which in turn is controlled by the Agnelli family. Through its various businesses, CNH Industrial designs, produces, and sells agricultural machinery and construction equipment. Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, incl...

The Manitowoc Company, Inc. is an American manufacturer which produces cranes and previously produced commercial refrigeration and marine equipment. It was founded in 1902 and, through its wholly owned subsidiaries, designs, manufactures, markets, and supports mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks under the Grove, Manitowoc, National Crane, Potain, Shuttlelift and Manitowoc Crane Care brand names.

CNH vs MTW — Head-to-Head

Bigger by revenue
CNH
CNH
6.6× larger
CNH
$4.5B
$677.1M
MTW
Growing faster (revenue YoY)
MTW
MTW
+5.8% gap
MTW
13.6%
7.8%
CNH
Higher net margin
CNH
CNH
0.9% more per $
CNH
1.9%
1.0%
MTW
Faster 2-yr revenue CAGR
MTW
MTW
Annualised
MTW
16.9%
3.8%
CNH

Income Statement — Q4 2025 vs Q4 2025

Metric
CNH
CNH
MTW
MTW
Revenue
$4.5B
$677.1M
Net Profit
$86.0M
$7.0M
Gross Margin
18.4%
16.7%
Operating Margin
3.0%
3.0%
Net Margin
1.9%
1.0%
Revenue YoY
7.8%
13.6%
Net Profit YoY
-18.9%
-87.7%
EPS (diluted)
$0.08
$0.20

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CNH
CNH
MTW
MTW
Q4 25
$4.5B
$677.1M
Q3 25
$3.7B
$553.4M
Q2 25
$4.0B
$539.5M
Q1 25
$3.2B
$470.9M
Q4 24
$4.1B
$596.0M
Q3 24
$4.0B
$524.8M
Q2 24
$4.8B
$562.1M
Q1 24
$4.1B
$495.1M
Net Profit
CNH
CNH
MTW
MTW
Q4 25
$86.0M
$7.0M
Q3 25
$80.0M
$5.0M
Q2 25
$213.0M
$1.5M
Q1 25
$131.0M
$-6.3M
Q4 24
$106.0M
$56.7M
Q3 24
$306.0M
$-7.0M
Q2 24
$433.0M
$1.6M
Q1 24
$401.0M
$4.5M
Gross Margin
CNH
CNH
MTW
MTW
Q4 25
18.4%
16.7%
Q3 25
19.1%
18.5%
Q2 25
20.6%
18.4%
Q1 25
19.0%
19.1%
Q4 24
19.5%
16.0%
Q3 24
21.7%
16.7%
Q2 24
22.9%
17.7%
Q1 24
22.7%
18.7%
Operating Margin
CNH
CNH
MTW
MTW
Q4 25
3.0%
3.0%
Q3 25
1.4%
3.3%
Q2 25
6.8%
1.8%
Q1 25
5.1%
1.1%
Q4 24
5.8%
2.7%
Q3 24
9.6%
1.4%
Q2 24
11.1%
2.3%
Q1 24
11.6%
3.1%
Net Margin
CNH
CNH
MTW
MTW
Q4 25
1.9%
1.0%
Q3 25
2.2%
0.9%
Q2 25
5.3%
0.3%
Q1 25
4.1%
-1.3%
Q4 24
2.6%
9.5%
Q3 24
7.7%
-1.3%
Q2 24
9.0%
0.3%
Q1 24
9.7%
0.9%
EPS (diluted)
CNH
CNH
MTW
MTW
Q4 25
$0.08
$0.20
Q3 25
$0.06
$0.14
Q2 25
$0.17
$0.04
Q1 25
$0.10
$-0.18
Q4 24
$0.10
$1.60
Q3 24
$0.24
$-0.20
Q2 24
$0.34
$0.04
Q1 24
$0.31
$0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNH
CNH
MTW
MTW
Cash + ST InvestmentsLiquidity on hand
$2.6B
$77.3M
Total DebtLower is stronger
$447.1M
Stockholders' EquityBook value
$7.8B
$695.2M
Total Assets
$42.7B
$1.8B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNH
CNH
MTW
MTW
Q4 25
$2.6B
$77.3M
Q3 25
$2.3B
$39.7M
Q2 25
$2.5B
$32.9M
Q1 25
$1.7B
$41.4M
Q4 24
$3.2B
$48.0M
Q3 24
$1.8B
$22.9M
Q2 24
$2.0B
$38.1M
Q1 24
$3.2B
$31.5M
Total Debt
CNH
CNH
MTW
MTW
Q4 25
$447.1M
Q3 25
$479.9M
Q2 25
$459.8M
Q1 25
$381.4M
Q4 24
$377.1M
Q3 24
$426.7M
Q2 24
$406.3M
Q1 24
$372.7M
Stockholders' Equity
CNH
CNH
MTW
MTW
Q4 25
$7.8B
$695.2M
Q3 25
$7.8B
$682.7M
Q2 25
$7.8B
$681.3M
Q1 25
$7.9B
$651.6M
Q4 24
$7.7B
$640.1M
Q3 24
$7.7B
$607.6M
Q2 24
$7.6B
$592.3M
Q1 24
$8.0B
$596.0M
Total Assets
CNH
CNH
MTW
MTW
Q4 25
$42.7B
$1.8B
Q3 25
$43.3B
$1.9B
Q2 25
$43.7B
$1.9B
Q1 25
$42.1B
$1.8B
Q4 24
$42.9B
$1.7B
Q3 24
$44.0B
$1.8B
Q2 24
$44.0B
$1.7B
Q1 24
$45.7B
$1.8B
Debt / Equity
CNH
CNH
MTW
MTW
Q4 25
0.64×
Q3 25
0.70×
Q2 25
0.67×
Q1 25
0.59×
Q4 24
0.59×
Q3 24
0.70×
Q2 24
0.69×
Q1 24
0.63×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CNH
CNH
MTW
MTW
Operating Cash FlowLast quarter
$945.0M
$91.1M
Free Cash FlowOCF − Capex
$78.3M
FCF MarginFCF / Revenue
11.6%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
10.99×
13.01×
TTM Free Cash FlowTrailing 4 quarters
$-15.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNH
CNH
MTW
MTW
Q4 25
$945.0M
$91.1M
Q3 25
$659.0M
$-14.1M
Q2 25
$772.0M
$-67.7M
Q1 25
$162.0M
$12.9M
Q4 24
$1.7B
$112.4M
Q3 24
$791.0M
$-43.6M
Q2 24
$379.0M
$11.0M
Q1 24
$-894.0M
$-30.6M
Free Cash Flow
CNH
CNH
MTW
MTW
Q4 25
$78.3M
Q3 25
$-22.0M
Q2 25
$-73.7M
Q1 25
$2.1M
Q4 24
$101.1M
Q3 24
$-52.9M
Q2 24
$-1.9M
Q1 24
$-42.8M
FCF Margin
CNH
CNH
MTW
MTW
Q4 25
11.6%
Q3 25
-4.0%
Q2 25
-13.7%
Q1 25
0.4%
Q4 24
17.0%
Q3 24
-10.1%
Q2 24
-0.3%
Q1 24
-8.6%
Capex Intensity
CNH
CNH
MTW
MTW
Q4 25
1.9%
Q3 25
1.4%
Q2 25
1.1%
Q1 25
2.3%
Q4 24
1.9%
Q3 24
1.8%
Q2 24
2.3%
Q1 24
2.5%
Cash Conversion
CNH
CNH
MTW
MTW
Q4 25
10.99×
13.01×
Q3 25
8.24×
-2.82×
Q2 25
3.62×
-45.13×
Q1 25
1.24×
Q4 24
15.96×
1.98×
Q3 24
2.58×
Q2 24
0.88×
6.88×
Q1 24
-2.23×
-6.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNH
CNH

Agricultural Equipment Segment$3.6B81%
Construction Equipment Segment$853.0M19%
Services$18.0M0%

MTW
MTW

US$344.5M51%
Europe$193.8M29%
Other Countries$138.8M20%

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