MTW vs. RAIL

Last updated Jun 4, 2026

MTW (The Manitowoc Company, Inc.) and RAIL (FreightCar America, Inc.) are both stocks. Both are in the Industrials sector — MTW in Farm & Heavy Construction Machinery, RAIL in Railroads. Over the past 10 years, MTW returned -6.06%/yr vs -6.24%/yr for RAIL. At a 0.40 correlation, their price movements are largely independent.

Performance

MTW vs. RAIL - Performance Comparison

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

Returns By Period

In the year-to-date period, MTW achieves a 1.92% return, which is significantly higher than RAIL's -33.60% return. Both investments have delivered pretty close results over the past 10 years, with MTW having a -6.06% annualized return and RAIL not far behind at -6.24%.

MTW

• 1D: -0.49%
• 1M: -4.90%
• YTD: 1.92%
• 6M: 2.60%
• 1Y: 13.36%
• 3Y*: -8.93%
• 5Y*: -14.80%
• 10Y*: -6.06%

RAIL

• 1D: -2.91%
• 1M: -8.81%
• YTD: -33.60%
• 6M: -12.50%
• 1Y: -11.87%
• 3Y*: 36.66%
• 5Y*: 3.03%
• 10Y*: -6.24%

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

MTW vs. RAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTW The Manitowoc Company, Inc.	1.92%	31.33%	-45.30%	82.21%	-50.73%	39.67%	-23.94%	18.48%	-62.46%	64.46%
RAIL FreightCar America, Inc.	-33.60%	23.55%	231.85%	-15.63%	-13.28%	53.11%	16.43%	-69.06%	-60.83%	16.26%

Correlation

The correlation between MTW and RAIL is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Apr 7, 2005	0.40

The correlation between MTW and RAIL shifts across timeframes, from 0.27 (3 years) to 0.42 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MTW : $435.83M RAIL : $261.10M
EPS MTW : $0.21 RAIL : $0.88
PE Ratio MTW : 58.64 RAIL : 8.32
PEG Ratio MTW : 1.83 RAIL : 0.11
PS Ratio MTW : 0.19 RAIL : 0.52
Total Revenue (TTM) MTW : $2.26B RAIL : $469.01M
Gross Profit (TTM) MTW : $409.50M RAIL : $69.61M
EBITDA (TTM) MTW : $102.00M RAIL : -$1.50M

Return for Risk

MTW vs. RAIL — Risk / Return Rank

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

MTW

MTW Risk / Return Rank: 49
MTW Sharpe Ratio Rank: 51
MTW Sortino Ratio Rank: 47
MTW Omega Ratio Rank: 46
MTW Calmar Ratio Rank: 51
MTW Martin Ratio Rank: 50

RAIL

RAIL Risk / Return Rank: 33
RAIL Sharpe Ratio Rank: 33
RAIL Sortino Ratio Rank: 34
RAIL Omega Ratio Rank: 33
RAIL Calmar Ratio Rank: 33
RAIL Martin Ratio Rank: 33

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.

MTW vs. RAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Manitowoc Company, Inc. (MTW) and FreightCar America, Inc. (RAIL). 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.

	MTW	RAIL	Difference
Sharpe ratio: Return per unit of total volatility	0.30	-0.19	+0.49
Sortino ratio: Return per unit of downside risk	0.71	0.16	+0.55
Omega ratio: Gain probability vs. loss probability	1.09	1.02	+0.07
Calmar ratio: Return relative to maximum drawdown	0.42	-0.24	+0.66
Martin ratio: Return relative to average drawdown	0.84	-0.43	+1.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTW vs. RAIL - Sharpe Ratio Comparison

The current MTW Sharpe Ratio is 0.30, which is higher than the RAIL Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of MTW and RAIL, 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

	MTW	RAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	-0.19	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.30	0.04	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.12	-0.09	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	-0.07	+0.22

Drawdowns

MTW vs. RAIL - Drawdown Comparison

The maximum MTW drawdown since its inception was -95.19%, roughly equal to the maximum RAIL drawdown of -98.88%. Use the drawdown chart below to compare losses from any high point for MTW and RAIL.

Drawdown Indicators

	MTW	RAIL	Difference
Max Drawdown Largest peak-to-trough decline	-95.19%	-98.88%	+3.69%
Max Drawdown (1Y) Largest decline over 1 year	-31.74%	-50.34%	+18.60%
Max Drawdown (3Y) Largest decline over 3 years	-63.27%	-71.67%	+8.40%
Max Drawdown (5Y) Largest decline over 5 years	-73.40%	-71.67%	-1.73%
Max Drawdown (10Y) Largest decline over 10 years	-83.39%	-96.23%	+12.84%
Current Drawdown Current decline from peak	-71.97%	-89.20%	+17.23%
Average Drawdown Average peak-to-trough decline	-40.12%	-71.85%	+31.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.00%	27.38%	-11.38%

Volatility

MTW vs. RAIL - Volatility Comparison

The Manitowoc Company, Inc. (MTW) and FreightCar America, Inc. (RAIL) have volatilities of 13.45% and 12.90%, 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

	MTW	RAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.45%	12.90%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	30.91%	45.80%	-14.89%
Volatility (1Y) Calculated over the trailing 1-year period	45.33%	62.94%	-17.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.48%	69.26%	-19.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.45%	73.68%	-21.23%

Dividends

MTW vs. RAIL - Dividend Comparison

Neither MTW nor RAIL has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RAIL FreightCar America, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.58%	2.41%	1.85%

Financials

MTW vs. RAIL - Profitability Comparison

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

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%.

RAIL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, FreightCar America, Inc. reported a gross profit of 10.81M and revenue of 64.31M. Therefore, the gross margin over that period was 16.8%.

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%.

RAIL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, FreightCar America, Inc. reported an operating income of -594.00K and revenue of 64.31M, resulting in an operating margin of -0.9%.

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%.

RAIL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, FreightCar America, Inc. reported a net income of 41.65M and revenue of 64.31M, resulting in a net margin of 64.8%.

Frequently Asked Questions

Can I hold both MTW and RAIL in my portfolio?

MTW and RAIL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTW or RAIL?

MTW has higher volatility (13.45%) compared to RAIL (12.90%). In terms of maximum drawdown, MTW dropped -95.19% vs RAIL's -98.88%.

Which has better risk-adjusted returns?

MTW currently has the higher Sharpe Ratio (0.30 vs -0.19), 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.