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Side-by-side financial comparison of AMERICOLD REALTY TRUST (COLD) and MANITOWOC CO INC (MTW). Click either name above to swap in a different company.

MANITOWOC CO INC is the larger business by last-quarter revenue ($677.1M vs $643.1M, roughly 1.1× AMERICOLD REALTY TRUST). MANITOWOC CO INC runs the higher net margin — 1.0% vs -13.7%, a 14.8% gap on every dollar of revenue. On growth, MANITOWOC CO INC posted the faster year-over-year revenue change (13.6% vs -0.7%). MANITOWOC CO INC produced more free cash flow last quarter ($78.3M vs $-12.2M). Over the past eight quarters, MANITOWOC CO INC's revenue compounded faster (16.9% CAGR vs -0.6%).

Americold Realty Trust, Inc. is an American temperature controlled warehousing and transportation company based in Atlanta, Georgia, United States. It is in the business of modern commercialized temperature controlled warehousing for the storage of perishable goods via a cold chain, one of the forms of food preservation. Americold is the 2nd largest temperature-controlled warehousing and distribution services provider in the world.

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.

COLD vs MTW — Head-to-Head

Bigger by revenue
MTW
MTW
1.1× larger
MTW
$677.1M
$643.1M
COLD
Growing faster (revenue YoY)
MTW
MTW
+14.3% gap
MTW
13.6%
-0.7%
COLD
Higher net margin
MTW
MTW
14.8% more per $
MTW
1.0%
-13.7%
COLD
More free cash flow
MTW
MTW
$90.5M more FCF
MTW
$78.3M
$-12.2M
COLD
Faster 2-yr revenue CAGR
MTW
MTW
Annualised
MTW
16.9%
-0.6%
COLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COLD
COLD
MTW
MTW
Revenue
$643.1M
$677.1M
Net Profit
$-88.3M
$7.0M
Gross Margin
31.3%
16.7%
Operating Margin
-10.8%
3.0%
Net Margin
-13.7%
1.0%
Revenue YoY
-0.7%
13.6%
Net Profit YoY
-143.9%
-87.7%
EPS (diluted)
$-0.31
$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
COLD
COLD
MTW
MTW
Q4 25
$643.1M
$677.1M
Q3 25
$649.0M
$553.4M
Q2 25
$635.1M
$539.5M
Q1 25
$613.7M
$470.9M
Q4 24
$647.4M
$596.0M
Q3 24
$660.4M
$524.8M
Q2 24
$645.6M
$562.1M
Q1 24
$651.4M
$495.1M
Net Profit
COLD
COLD
MTW
MTW
Q4 25
$-88.3M
$7.0M
Q3 25
$-11.4M
$5.0M
Q2 25
$1.5M
$1.5M
Q1 25
$-16.4M
$-6.3M
Q4 24
$-36.2M
$56.7M
Q3 24
$-3.7M
$-7.0M
Q2 24
$-64.1M
$1.6M
Q1 24
$9.7M
$4.5M
Gross Margin
COLD
COLD
MTW
MTW
Q4 25
31.3%
16.7%
Q3 25
29.3%
18.5%
Q2 25
30.9%
18.4%
Q1 25
31.1%
19.1%
Q4 24
29.7%
16.0%
Q3 24
29.6%
16.7%
Q2 24
31.0%
17.7%
Q1 24
30.3%
18.7%
Operating Margin
COLD
COLD
MTW
MTW
Q4 25
-10.8%
3.0%
Q3 25
2.6%
3.3%
Q2 25
5.9%
1.8%
Q1 25
3.6%
1.1%
Q4 24
-1.8%
2.7%
Q3 24
4.6%
1.4%
Q2 24
9.8%
2.3%
Q1 24
6.4%
3.1%
Net Margin
COLD
COLD
MTW
MTW
Q4 25
-13.7%
1.0%
Q3 25
-1.8%
0.9%
Q2 25
0.2%
0.3%
Q1 25
-2.7%
-1.3%
Q4 24
-5.6%
9.5%
Q3 24
-0.6%
-1.3%
Q2 24
-9.9%
0.3%
Q1 24
1.5%
0.9%
EPS (diluted)
COLD
COLD
MTW
MTW
Q4 25
$-0.31
$0.20
Q3 25
$-0.04
$0.14
Q2 25
$0.01
$0.04
Q1 25
$-0.06
$-0.18
Q4 24
$-0.12
$1.60
Q3 24
$-0.01
$-0.20
Q2 24
$-0.23
$0.04
Q1 24
$0.03
$0.12

Balance Sheet & Financial Strength

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

Metric
COLD
COLD
MTW
MTW
Cash + ST InvestmentsLiquidity on hand
$136.9M
$77.3M
Total DebtLower is stronger
$447.1M
Stockholders' EquityBook value
$2.9B
$695.2M
Total Assets
$8.1B
$1.8B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLD
COLD
MTW
MTW
Q4 25
$136.9M
$77.3M
Q3 25
$33.3M
$39.7M
Q2 25
$101.4M
$32.9M
Q1 25
$38.9M
$41.4M
Q4 24
$47.7M
$48.0M
Q3 24
$61.3M
$22.9M
Q2 24
$44.2M
$38.1M
Q1 24
$59.2M
$31.5M
Total Debt
COLD
COLD
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
COLD
COLD
MTW
MTW
Q4 25
$2.9B
$695.2M
Q3 25
$3.0B
$682.7M
Q2 25
$3.1B
$681.3M
Q1 25
$3.2B
$651.6M
Q4 24
$3.3B
$640.1M
Q3 24
$3.4B
$607.6M
Q2 24
$3.4B
$592.3M
Q1 24
$3.6B
$596.0M
Total Assets
COLD
COLD
MTW
MTW
Q4 25
$8.1B
$1.8B
Q3 25
$8.1B
$1.9B
Q2 25
$8.1B
$1.9B
Q1 25
$7.8B
$1.8B
Q4 24
$7.7B
$1.7B
Q3 24
$7.9B
$1.8B
Q2 24
$7.8B
$1.7B
Q1 24
$7.8B
$1.8B
Debt / Equity
COLD
COLD
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
COLD
COLD
MTW
MTW
Operating Cash FlowLast quarter
$130.2M
$91.1M
Free Cash FlowOCF − Capex
$-12.2M
$78.3M
FCF MarginFCF / Revenue
-1.9%
11.6%
Capex IntensityCapex / Revenue
22.1%
1.9%
Cash ConversionOCF / Net Profit
13.01×
TTM Free Cash FlowTrailing 4 quarters
$-217.2M
$-15.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLD
COLD
MTW
MTW
Q4 25
$130.2M
$91.1M
Q3 25
$78.9M
$-14.1M
Q2 25
$120.3M
$-67.7M
Q1 25
$30.2M
$12.9M
Q4 24
$162.6M
$112.4M
Q3 24
$50.6M
$-43.6M
Q2 24
$136.7M
$11.0M
Q1 24
$62.0M
$-30.6M
Free Cash Flow
COLD
COLD
MTW
MTW
Q4 25
$-12.2M
$78.3M
Q3 25
$-65.4M
$-22.0M
Q2 25
$-57.4M
$-73.7M
Q1 25
$-82.3M
$2.1M
Q4 24
$57.4M
$101.1M
Q3 24
$-44.5M
$-52.9M
Q2 24
$73.3M
$-1.9M
Q1 24
$16.2M
$-42.8M
FCF Margin
COLD
COLD
MTW
MTW
Q4 25
-1.9%
11.6%
Q3 25
-10.1%
-4.0%
Q2 25
-9.0%
-13.7%
Q1 25
-13.4%
0.4%
Q4 24
8.9%
17.0%
Q3 24
-6.7%
-10.1%
Q2 24
11.4%
-0.3%
Q1 24
2.5%
-8.6%
Capex Intensity
COLD
COLD
MTW
MTW
Q4 25
22.1%
1.9%
Q3 25
22.2%
1.4%
Q2 25
28.0%
1.1%
Q1 25
18.3%
2.3%
Q4 24
16.3%
1.9%
Q3 24
14.4%
1.8%
Q2 24
9.8%
2.3%
Q1 24
7.0%
2.5%
Cash Conversion
COLD
COLD
MTW
MTW
Q4 25
13.01×
Q3 25
-2.82×
Q2 25
78.18×
-45.13×
Q1 25
Q4 24
1.98×
Q3 24
Q2 24
6.88×
Q1 24
6.36×
-6.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

COLD
COLD

Warehouse Services$269.0M42%
Warehouse Rent And Storage$199.9M31%
Other Facilities Costs$60.0M9%
Transportation Segment$48.3M8%
Power$34.7M5%
Transportation$22.0M3%
Third Party Managed Segment$9.5M1%
Third Party Managed$2.4M0%

MTW
MTW

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

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