Manitex International Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Manitex International Inc (MNTX) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Manitex International Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 295M vs -M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-10.5% annualized vs trailing 12 months).
- Peer revenue share: Manitex International Inc accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MNTX Sales vs. its Competitors, Q3 2024
Manitex International Inc generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
For context: the Industrial Machinery and Components industry grew revenue 12.4% year over year, combined, vs -6.5% for Manitex International Inc. Manitex International Inc's share of combined industry revenue moved from 0.06% to 0.05%, a loss of 0.01 percentage points.
Manitex International Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Manitex International Inc | Yes | Yes | No | No |
| High-Confidence Competitors (4) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 0.00 % (0 of 8) | 16.70 % (1 of 6) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MNTX Stock Performance relative to its Competitors
MNTX Stock Performance relative to High-Confidence Competitors
MNTX Stock Performance relative to Similar Growth & Profitability Competitors
Manitex International Inc's Comment on Competition and Industry Peers
Lifting Equipment Segment
The market for the Company’s boom trucks and knuckle boom cranes, commercial
rough terrain forklifts, container handling equipment and trailers is highly
competitive. The Company competes based on product design, quality of products
and services, product performance, maintenance costs and price. Several competitors
have greater financial, marketing, manufacturing and distribution resources
than we do. The Company believes that it effectively competes with its competitors.
Military forklifts, special mission oriented vehicles and specialized carriers
are highly engineered products and, therefore, only face limited competition.
The Company’s rough terrain cranes serve smaller niche markets and, therefore,
also have less competition.
The Company’s boom cranes compete with cranes manufactured by National
Crane, Terex, Weldco Beales, Elliott and Altec. The Company’s knuckle
boom cranes compete with Palfinger, Fassi, Effer and HIAB. The Company competes
with Linamar, Sellick, Harlo, Manitou, Mastercraft and Load Lifter in selling
rough terrain forklifts. The Company competes primarily with Terex and Broderson
in selling rough terrain and industrial cranes. The Company’s container
handling equipment competes with similar equipment sold by Cargotec, Konecranes
and Terex.
ASV Segment
The Company’s compact and skid steer loaders compete with product manufactured
and sold by Bobcat (part of Doosan), Caterpillar, CNH, Gehl, Takeuchi, John
Deere and Wacker Neuson.
Equipment Distribution Segment
Our Equipment Distribution segment has a dealership arrangement with Terex and
must compete against dealers of other rough terrain and truck crane manufacturers
such as Imperial Crane (Tadano and Elliot) and Walter Payton Power (Grove) who
operate in the same geographic market in and around Chicago. The same dynamic
holds true in selling Manitex boom trucks which are part of our Lifting Equipment
segment. The Equipment Distribution segment competes against Runnion Equipment
(dealer for National Crane), Power Equipment Leasing (dealer for Elliott) and
Guiffre Cranes (dealer for Terex boom trucks). Runnion is also authorized to
sell Manitex boom trucks. Our Equipment Distribution segment competes with other
PM dealers for distribution in North America.
While no geographic limitations exist regarding the Equipment Distribution segment’s
ability to sell cranes internationally, the lack of any barriers to entry and
the heavy use of the Internet make this a highly active and competitive market
in which to distribute cranes.
Competition for our Equipment Distribution segment’s repair business is
even more intense since it is limited geographically due to the necessity of
having physical access to the cranes. Most of the above referenced companies
also compete in this aspect of the business, as do other types of crane and
equipment dealers from nearby areas such as Indiana or Wisconsin.
Parts sales from the Equipment Distribution segment are global in scope and
benefit greatly from the Internet and the tenure and expertise of our employees.
While competition in this area is extensive, the breadth of the products offered
and the segment’s long history in this part of the business is we believe
a competitive advantage.
The Distribution segment also markets previously-owned construction and heavy
equipment, domestically and internationally. We provide a wide range of used
lifting and construction equipment of various ages and condition. The sale of
used equipment is highly competitive as other dealers, rental companies, and
end users also sell used equipment. The Distribution Equipment segment has a
competitive advantage as it has broad product offering and has the capability
to refurbish the equipment to the customers’ specification.
The Equipment Distribution segment competes based on the design, quality and
performance of the products it distributes, price and the supporting repair
and part services that it provides. Several competitors have greater financial,
marketing and distribution resources than we do. The Company, however, believes
that it effectively competes with its competitors.
Manitex International Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Altec | Named by the company | 85% |
| Fassi | Named by the company | 85% |
| The Manitowoc Company Inc | Named by the company | 85% |
| Effer | Named by the company | 85% |
| Palfinger | Named by the company | 85% |
| Broderson | Named by the company | 85% |
| HIAB | Named by the company | 85% |
| Elliott | Named by the company | 85% |
| Weldco Beales | Named by the company | 85% |
| Custom Truck One Source | Named by the company | 85% |
| National Crane | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Manitex International Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Manitex International Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Manitex International Inc | Lifting Equipment 86.76 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).