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Side-by-side financial comparison of MANITOWOC CO INC (MTW) and VNET Group, Inc. (VNET). Click either name above to swap in a different company.

MANITOWOC CO INC is the larger business by last-quarter revenue ($677.1M vs $362.7M, roughly 1.9× VNET Group, Inc.). MANITOWOC CO INC runs the higher net margin — 1.0% vs -10.7%, a 11.7% gap on every dollar of revenue. MANITOWOC CO INC produced more free cash flow last quarter ($78.3M vs $-193.1M). Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% CAGR vs 16.9%).

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.

VNET Group, Inc. is a leading neutral internet data center service provider operating primarily in China. It offers cloud computing infrastructure, colocation services, managed network solutions, and hybrid cloud support to enterprise clients across technology, finance, and retail sectors, enabling stable, high-performance digital operation foundations for domestic and global businesses expanding in the Chinese market.

MTW vs VNET — Head-to-Head

Bigger by revenue
MTW
MTW
1.9× larger
MTW
$677.1M
$362.7M
VNET
Higher net margin
MTW
MTW
11.7% more per $
MTW
1.0%
-10.7%
VNET
More free cash flow
MTW
MTW
$271.4M more FCF
MTW
$78.3M
$-193.1M
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
16.9%
MTW

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MTW
MTW
VNET
VNET
Revenue
$677.1M
$362.7M
Net Profit
$7.0M
$-38.7M
Gross Margin
16.7%
20.9%
Operating Margin
3.0%
0.5%
Net Margin
1.0%
-10.7%
Revenue YoY
13.6%
Net Profit YoY
-87.7%
EPS (diluted)
$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
MTW
MTW
VNET
VNET
Q4 25
$677.1M
Q3 25
$553.4M
$362.7M
Q2 25
$539.5M
Q1 25
$470.9M
$309.5M
Q4 24
$596.0M
Q3 24
$524.8M
$302.2M
Q2 24
$562.1M
$274.4M
Q1 24
$495.1M
$262.9M
Net Profit
MTW
MTW
VNET
VNET
Q4 25
$7.0M
Q3 25
$5.0M
$-38.7M
Q2 25
$1.5M
Q1 25
$-6.3M
$-2.4M
Q4 24
$56.7M
Q3 24
$-7.0M
$-2.1M
Q2 24
$1.6M
$-1.1M
Q1 24
$4.5M
$-22.0M
Gross Margin
MTW
MTW
VNET
VNET
Q4 25
16.7%
Q3 25
18.5%
20.9%
Q2 25
18.4%
Q1 25
19.1%
25.2%
Q4 24
16.0%
Q3 24
16.7%
23.2%
Q2 24
17.7%
21.3%
Q1 24
18.7%
21.6%
Operating Margin
MTW
MTW
VNET
VNET
Q4 25
3.0%
Q3 25
3.3%
0.5%
Q2 25
1.8%
Q1 25
1.1%
0.1%
Q4 24
2.7%
Q3 24
1.4%
24.5%
Q2 24
2.3%
0.2%
Q1 24
3.1%
0.2%
Net Margin
MTW
MTW
VNET
VNET
Q4 25
1.0%
Q3 25
0.9%
-10.7%
Q2 25
0.3%
Q1 25
-1.3%
-0.8%
Q4 24
9.5%
Q3 24
-1.3%
-0.7%
Q2 24
0.3%
-0.4%
Q1 24
0.9%
-8.4%
EPS (diluted)
MTW
MTW
VNET
VNET
Q4 25
$0.20
Q3 25
$0.14
Q2 25
$0.04
Q1 25
$-0.18
Q4 24
$1.60
Q3 24
$-0.20
Q2 24
$0.04
Q1 24
$0.12

Balance Sheet & Financial Strength

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

Metric
MTW
MTW
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$77.3M
$492.1M
Total DebtLower is stronger
$447.1M
Stockholders' EquityBook value
$695.2M
$890.8M
Total Assets
$1.8B
$6.1B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTW
MTW
VNET
VNET
Q4 25
$77.3M
Q3 25
$39.7M
$492.1M
Q2 25
$32.9M
Q1 25
$41.4M
$544.3M
Q4 24
$48.0M
Q3 24
$22.9M
$219.5M
Q2 24
$38.1M
$247.2M
Q1 24
$31.5M
$246.9M
Total Debt
MTW
MTW
VNET
VNET
Q4 25
$447.1M
Q3 25
$479.9M
Q2 25
$459.8M
Q1 25
$381.4M
Q4 24
$377.1M
Q3 24
$426.7M
$1.2B
Q2 24
$406.3M
Q1 24
$372.7M
Stockholders' Equity
MTW
MTW
VNET
VNET
Q4 25
$695.2M
Q3 25
$682.7M
$890.8M
Q2 25
$681.3M
Q1 25
$651.6M
$927.8M
Q4 24
$640.1M
Q3 24
$607.6M
$902.9M
Q2 24
$592.3M
$900.6M
Q1 24
$596.0M
$895.1M
Total Assets
MTW
MTW
VNET
VNET
Q4 25
$1.8B
Q3 25
$1.9B
$6.1B
Q2 25
$1.9B
Q1 25
$1.8B
$5.4B
Q4 24
$1.7B
Q3 24
$1.8B
$4.3B
Q2 24
$1.7B
$4.0B
Q1 24
$1.8B
$3.9B
Debt / Equity
MTW
MTW
VNET
VNET
Q4 25
0.64×
Q3 25
0.70×
Q2 25
0.67×
Q1 25
0.59×
Q4 24
0.59×
Q3 24
0.70×
1.28×
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
MTW
MTW
VNET
VNET
Operating Cash FlowLast quarter
$91.1M
$113.8M
Free Cash FlowOCF − Capex
$78.3M
$-193.1M
FCF MarginFCF / Revenue
11.6%
-53.2%
Capex IntensityCapex / Revenue
1.9%
84.6%
Cash ConversionOCF / Net Profit
13.01×
TTM Free Cash FlowTrailing 4 quarters
$-15.3M
$-589.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTW
MTW
VNET
VNET
Q4 25
$91.1M
Q3 25
$-14.1M
$113.8M
Q2 25
$-67.7M
Q1 25
$12.9M
$27.0M
Q4 24
$112.4M
Q3 24
$-43.6M
$108.3M
Q2 24
$11.0M
$55.8M
Q1 24
$-30.6M
$37.1M
Free Cash Flow
MTW
MTW
VNET
VNET
Q4 25
$78.3M
Q3 25
$-22.0M
$-193.1M
Q2 25
$-73.7M
Q1 25
$2.1M
$-220.0M
Q4 24
$101.1M
Q3 24
$-52.9M
$-95.0M
Q2 24
$-1.9M
$-81.6M
Q1 24
$-42.8M
$-102.2M
FCF Margin
MTW
MTW
VNET
VNET
Q4 25
11.6%
Q3 25
-4.0%
-53.2%
Q2 25
-13.7%
Q1 25
0.4%
-71.1%
Q4 24
17.0%
Q3 24
-10.1%
-31.4%
Q2 24
-0.3%
-29.8%
Q1 24
-8.6%
-38.9%
Capex Intensity
MTW
MTW
VNET
VNET
Q4 25
1.9%
Q3 25
1.4%
84.6%
Q2 25
1.1%
Q1 25
2.3%
79.8%
Q4 24
1.9%
Q3 24
1.8%
67.3%
Q2 24
2.3%
50.1%
Q1 24
2.5%
53.0%
Cash Conversion
MTW
MTW
VNET
VNET
Q4 25
13.01×
Q3 25
-2.82×
Q2 25
-45.13×
Q1 25
Q4 24
1.98×
Q3 24
Q2 24
6.88×
Q1 24
-6.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MTW
MTW

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

VNET
VNET

Segment breakdown not available.

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