COMP <GO>

MTW vs WNC // 10Y YIELD & FRED MACRO BETA

Manitowoc Company Inc. (NYSE) VS. Wabash National Corporation (NYSE) • 15-METRIC TALLY: MTW 4 — WNC 5

■ METRIC PARITY

LAST: $23.80 (+2.81%) • MKT CAP: $858.3M

macro-sensitivity

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LAST: $13.26 (-4.05%) • MKT CAP: $540.2M

macro-sensitivity

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MTW VS. WNC) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	MTW	WNC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	18.10%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	6.90%	31.20%	-24.30	WNC	/roic <GO>
EV/EBITDA & P/E Valuation	9.1x	2.9x	+6.20	WNC	/valuation <GO>
Free Cash Flow Yield	-1.78%	-2.41%	+0.63	MTW	/fcf-yield <GO>
Operating Margin	2.40%	19.90%	-17.50	WNC	/operating-margins <GO>
Net Profit Margin	0.30%	13.70%	-13.40	WNC	/net-margins <GO>
Revenue Growth (YoY)	2.90%	-20.80%	+23.70	MTW	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	2.55%	-2.55	WNC	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	3.07	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	4/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	57.0	38.6	+18.35	MTW	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	110.9x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$858.3M	$540.2M	$318.1M	MTW	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	MTW REV	WNC REV	MTW GROSS %	WNC GROSS %	MTW FCF	WNC FCF
FY 2025	$2.24B	$1.54B	18.1%	—	-$15.3M	-$13.0M
FY 2024	$2.18B	$1.95B	17.2%	13.6%	$3.5M	$45.1M
FY 2023	$2.23B	$2.54B	—	—	$63.0M	$319.6M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

MTW // BETA —

WNC // BETA —