CMCO vs. MTW

Last updated Jun 3, 2026

CMCO (Columbus McKinnon Corporation) and MTW (The Manitowoc Company, Inc.) are both stocks. Both operate in the Farm & Heavy Construction Machinery industry within the Industrials sector. Over the past 10 years, CMCO returned 1.03%/yr vs -6.02%/yr for MTW. At a 0.42 correlation, their price movements are largely independent.

Performance

CMCO vs. MTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbus McKinnon Corporation (CMCO) and The Manitowoc Company, Inc. (MTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMCO achieves a -7.51% return, which is significantly lower than MTW's 2.42% return. Over the past 10 years, CMCO has outperformed MTW with an annualized return of 1.03%, while MTW has yielded a comparatively lower -6.02% annualized return.

CMCO

• 1D: 1.67%
• 1M: 2.93%
• YTD: -7.51%
• 6M: -2.60%
• 1Y: 16.71%
• 3Y*: -25.20%
• 5Y*: -20.00%
• 10Y*: 1.03%

MTW

• 1D: 5.86%
• 1M: -9.10%
• YTD: 2.42%
• 6M: 8.58%
• 1Y: 18.53%
• 3Y*: -8.78%
• 5Y*: -14.32%
• 10Y*: -6.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMCO vs. MTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMCO Columbus McKinnon Corporation	-7.51%	-52.93%	-3.85%	21.12%	-29.26%	20.95%	-3.27%	33.65%	-24.23%	48.64%
MTW The Manitowoc Company, Inc.	2.42%	31.33%	-45.30%	82.21%	-50.73%	39.67%	-23.94%	18.48%	-62.46%	64.46%

Correlation

The correlation between CMCO and MTW is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Feb 29, 1996	0.42

Over the past year, CMCO and MTW have become more correlated (0.65) than their long-term average of 0.42, meaning their price movements have been converging.

Fundamentals

Market Cap CMCO : $458.14M MTW : $437.97M
EPS CMCO : $0.21 MTW : $0.21
PE Ratio CMCO : 75.88 MTW : 58.93
PEG Ratio CMCO : 2.03 MTW : 1.84
PS Ratio CMCO : 0.45 MTW : 0.20
PB Ratio CMCO : 0.50 MTW : 0.64
Total Revenue (TTM) CMCO : $1.00B MTW : $2.26B
Gross Profit (TTM) CMCO : $336.35M MTW : $409.50M
EBITDA (TTM) CMCO : $76.21M MTW : $102.00M

Return for Risk

CMCO vs. MTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMCO

CMCO Risk / Return Rank: 48
CMCO Sharpe Ratio Rank: 52
CMCO Sortino Ratio Rank: 49
CMCO Omega Ratio Rank: 47
CMCO Calmar Ratio Rank: 47
CMCO Martin Ratio Rank: 47

MTW

MTW Risk / Return Rank: 51
MTW Sharpe Ratio Rank: 55
MTW Sortino Ratio Rank: 50
MTW Omega Ratio Rank: 49
MTW Calmar Ratio Rank: 52
MTW Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMCO vs. MTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbus McKinnon Corporation (CMCO) and The Manitowoc Company, Inc. (MTW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CMCO	MTW	Difference
Sharpe ratio Return per unit of total volatility	0.32	0.41	-0.09
Sortino ratio Return per unit of downside risk	0.84	0.86	-0.02
Omega ratio Gain probability vs. loss probability	1.10	1.11	-0.01
Calmar ratio Return relative to maximum drawdown	0.26	0.53	-0.27
Martin ratio Return relative to average drawdown	0.56	1.06	-0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMCO vs. MTW - Sharpe Ratio Comparison

The current CMCO Sharpe Ratio is 0.32, which is comparable to the MTW Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of CMCO and MTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CMCO	MTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	0.41	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.45	-0.29	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.02	-0.12	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.15	-0.14

Drawdowns

CMCO vs. MTW - Drawdown Comparison

The maximum CMCO drawdown since its inception was -95.20%, roughly equal to the maximum MTW drawdown of -95.19%. Use the drawdown chart below to compare losses from any high point for CMCO and MTW.

Drawdown Indicators

	CMCO	MTW	Difference
Max Drawdown Largest peak-to-trough decline	-95.20%	-95.19%	-0.01%
Max Drawdown (1Y) Largest decline over 1 year	-40.14%	-31.74%	-8.40%
Max Drawdown (3Y) Largest decline over 3 years	-72.13%	-63.27%	-8.86%
Max Drawdown (5Y) Largest decline over 5 years	-75.58%	-73.40%	-2.18%
Max Drawdown (10Y) Largest decline over 10 years	-76.37%	-83.39%	+7.02%
Current Drawdown Current decline from peak	-69.85%	-71.83%	+1.98%
Average Drawdown Average peak-to-trough decline	-38.52%	-40.12%	+1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.06%	15.96%	+3.10%

Volatility

CMCO vs. MTW - Volatility Comparison

Columbus McKinnon Corporation (CMCO) and The Manitowoc Company, Inc. (MTW) have volatilities of 13.97% and 14.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMCO	MTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.97%	14.27%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	33.52%	30.91%	+2.61%
Volatility (1Y) Calculated over the trailing 1-year period	52.78%	45.35%	+7.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.66%	49.48%	-4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.86%	52.46%	-8.60%

Dividends

CMCO vs. MTW - Dividend Comparison

CMCO's dividend yield for the trailing twelve months is around 1.77%, while MTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMCO Columbus McKinnon Corporation	1.77%	1.62%	0.75%	0.72%	0.83%	0.52%	0.62%	0.57%	0.63%	0.40%	0.59%	0.85%
MTW The Manitowoc Company, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	223.41%	0.52%

Financials

CMCO vs. MTW - Profitability Comparison

The chart below illustrates the profitability comparison between Columbus McKinnon Corporation and The Manitowoc Company, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CMCO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Columbus McKinnon Corporation reported a gross profit of 89.16M and revenue of 258.66M. Therefore, the gross margin over that period was 34.5%.

MTW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Manitowoc Company, Inc. reported a gross profit of 95.30M and revenue of 494.60M. Therefore, the gross margin over that period was 19.3%.

CMCO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Columbus McKinnon Corporation reported an operating income of 16.17M and revenue of 258.66M, resulting in an operating margin of 6.3%.

MTW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Manitowoc Company, Inc. reported an operating income of 3.10M and revenue of 494.60M, resulting in an operating margin of 0.6%.

CMCO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Columbus McKinnon Corporation reported a net income of 6.00M and revenue of 258.66M, resulting in a net margin of 2.3%.

MTW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Manitowoc Company, Inc. reported a net income of -6.00M and revenue of 494.60M, resulting in a net margin of -1.2%.

Frequently Asked Questions

Can I hold both CMCO and MTW in my portfolio?

CMCO and MTW have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMCO or MTW?

MTW has higher volatility (14.27%) compared to CMCO (13.97%). In terms of maximum drawdown, CMCO dropped -95.20% vs MTW's -95.19%.

Which has better risk-adjusted returns?

MTW currently has the higher Sharpe Ratio (0.41 vs 0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.