Sunday 11 October 2026
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ManpowerGroup Inc.
MAN Industrials Staffing & Employment Services
ManpowerGroup Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.0 billion, up 0.58% from fiscal 2024. In the quarter to June 2026, revenue grew 7.54%, EPS grew 179.2%, free cash flow grew 96.1% and total debt rose 20.6%, each against the same quarter a year earlier.
52.78
1.58
−2.91%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
14.28 | 15.53 | 7.49 | 12.46 | 204.95 | 13.86 | 11.80 | 46.27 | 19.05 | 0.00 |
Piotroski F-Score |
6 | 5 | 4 | 6 | 4 | 8 | 6 | 5 | 6 | 1 |
Altman Z-Score |
4.31 | 4.11 | 4.10 | 3.83 | 3.22 | 3.34 | 3.50 | 3.31 | 3.30 | 2.77 |
P/S ratio |
0.32 | 0.40 | 0.19 | 0.28 | 0.29 | 0.26 | 0.22 | 0.21 | 0.15 | 0.08 |
P/FCF ratio |
11.74 | 24.57 | 10.01 | 7.64 | 5.85 | 9.11 | 12.65 | 14.59 | 10.69 | 0.00 |
Altman Z″-Score (non-manufacturers) |
3.43 | 3.10 | 3.73 | 3.61 | 3.09 | 2.40 | 2.93 | 2.53 | 2.56 | 2.14 |
Beneish M-Score |
(2.55) | (2.22) | (2.47) | (2.63) | (3.03) | (2.45) | (2.63) | (2.66) | (2.63) | (2.35) |
P/Operating CF |
32.30 | 75.00 | 23.11 | 18.23 | 23.70 | 20.25 | 32.79 | 34.65 | 11.14 | 7.74 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 16 |
P/B ratio |
2.61 | 2.98 | 1.55 | 2.11 | 2.13 | 2.10 | 1.79 | 1.76 | 1.30 | 0.67 |
Price to Tangible BV |
6.99 | 6.91 | 3.62 | 4.72 | 5.34 | 23.48 | 15.68 | 30.85 | 35.65 | 16.18 |
EV/Sales |
0.33 | 0.39 | 0.21 | 0.28 | 0.26 | 0.24 | 0.24 | 0.23 | 0.18 | 0.09 |
EV/EBITDA |
7.90 | 9.49 | 5.23 | 8.04 | 18.06 | 7.62 | 7.08 | 12.63 | 8.10 | 6.64 |
EV/Operating CF |
10.94 | 20.69 | 9.56 | 7.13 | 5.09 | 7.79 | 11.15 | 12.49 | 10.28 | (15.05) |
EV/FCF |
12.09 | 23.96 | 11.04 | 7.62 | 5.33 | 8.63 | 13.57 | 16.11 | 12.32 | (9.71) |
Quick Ratio |
1.37 | 1.26 | 1.41 | 1.42 | 1.38 | 1.09 | 1.18 | 1.13 | 1.08 | 1.08 |
Current Ratio |
1.40 | 1.28 | 1.44 | 1.46 | 1.42 | 1.11 | 1.21 | 1.16 | 1.12 | 1.11 |
Net Debt/EBITDA |
0.23 | (0.24) | 0.49 | (0.02) | (1.76) | (0.43) | 0.48 | 1.19 | 1.07 | 0.77 |
Debt/Assets |
10.37% | 5.38% | 12.03% | 10.98% | 11.83% | 5.76% | 10.51% | 11.22% | 11.33% | 11.49% |
Debt/Equity |
0.32 | 0.17 | 0.38 | 0.37 | 0.45 | 0.22 | 0.39 | 0.44 | 0.44 | 0.51 |
Asset Turnover |
2.60 | 2.56 | 2.53 | 2.35 | 1.94 | 2.16 | 2.09 | 2.11 | 2.10 | 2.07 |
Operating CF/Net income |
1.35 | 0.74 | 0.87 | 1.75 | 39.34 | 1.69 | 1.13 | 3.92 | 2.13 | 7.83 |
Capex/Depreciation |
(0.67) | (0.65) | (0.75) | (0.69) | (0.55) | (0.85) | (0.89) | (0.88) | (0.59) | (0.67) |
Interest Coverage |
16.87 | 15.21 | 18.97 | (15.88) | 4.70 | 33.84 | 23.65 | 5.13 | 6.22 | 2.65 |
| 17.27% | 20.57% | 20.04% | 17.06% | 0.91% | 15.34% | 14.98% | 3.79% | 6.65% | (0.64%) | |
| 5.88% | 6.63% | 6.40% | 5.25% | 0.26% | 3.99% | 3.94% | 0.99% | 1.70% | (0.15%) | |
ROIC |
17.69% | 18.64% | 15.90% | 14.67% | 5.89% | 16.26% | 13.08% | 6.05% | 7.51% | 4.19% |
Return on Tangible Assets |
27.37% | 35.92% | 28.20% | 21.30% | 1.12% | 50.38% | 32.94% | 9.84% | 22.27% | (1.96%) |
Average Days of Receivables |
81.96 | 93.19 | 87.57 | 92.25 | 99.61 | 95.95 | 94.57 | 93.21 | 87.85 | 96.96 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
13.17% | 12.81% | 12.65% | 12.78% | 14.28% | 13.62% | 14.83% | 16.11% | 15.58% | 15.36% |
Intangible Assets out of Total Assets |
0.20 | 0.18 | 0.18 | 0.17 | 0.16 | 0.23 | 0.24 | 0.24 | 0.25 | 0.22 |
Share Based Compensation of Revenue |
0.14% | 0.14% | 0.13% | 0.13% | 0.13% | 0.18% | 0.19% | 0.15% | 0.15% | 0.15% |
Graham Net Nets |
0.00 | 0.02 | 0.04 | 0.00 | (0.04) | (0.16) | (0.17) | (0.26) | (0.40) | (0.95) |
Graham Number |
70.72 | 88.43 | 90.17 | 89.89 | 20.46 | 85.66 | 86.98 | 41.55 | 55.08 | 0.00 |
Earnings Yield |
7.00% | 6.44% | 13.35% | 8.02% | 0.49% | 7.21% | 8.48% | 2.16% | 5.25% | (0.94%) |
Free Cash Flow Yield |
8.51% | 4.07% | 10.00% | 13.09% | 17.11% | 10.98% | 7.91% | 6.85% | 9.35% | (11.65%) |
Revenue per Share |
280.37 | 313.48 | 340.42 | 348.31 | 310.36 | 380.26 | 379.84 | 379.81 | 373.51 | 385.35 |
Operating CF per Share |
8.56 | 5.97 | 7.48 | 13.60 | 16.14 | 11.83 | 8.11 | 6.99 | 6.47 | (2.23) |
Capex per Share |
(0.81) | (0.82) | (1.00) | (0.88) | (0.72) | (1.15) | (1.45) | (1.57) | (1.07) | (1.23) |
Free Cash Flow per Share |
7.75 | 5.16 | 6.48 | 12.71 | 15.43 | 10.68 | 6.66 | 5.42 | 5.40 | (3.46) |
Cash per Share |
8.54 | 10.27 | 9.16 | 17.13 | 27.02 | 15.56 | 12.24 | 11.67 | 10.66 | 18.69 |
Shareholders Equity per Share |
34.90 | 42.59 | 41.77 | 46.10 | 42.30 | 46.45 | 47.09 | 44.86 | 44.50 | 44.21 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
34.90 | 42.59 | 41.77 | 46.10 | 42.30 | 46.45 | 47.09 | 44.86 | 44.50 | 44.21 |
Free Cash Flow |
543.10 | 346.20 | 418.40 | 761.50 | 894.70 | 582.20 | 347.70 | 270.00 | 258.10 | (161.40) |
Working Capital |
1,474.10 | 1,360.80 | 1,821.20 | 2,043.10 | 1,981.60 | 642.20 | 1,022.70 | 772.40 | 533.20 | 556.80 |
Capital Expenditures |
(56.90) | (54.70) | (64.70) | (52.90) | (41.70) | (62.60) | (75.60) | (78.20) | (51.10) | (57.30) |
Net Current Asset Value |
5.10 | 145.20 | 175.80 | 22.20 | (208.20) | (874.50) | (737.90) | (1,024.00) | (1,103.80) | (1,309.40) |
EV/EBIT |
8.81 | 10.51 | 5.80 | 9.00 | 25.41 | 8.58 | 8.11 | 17.00 | 10.39 | 10.44 |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
8.56 | 10.78 | 5.25 | 9.02 | 27.88 | 9.06 | 7.56 | 15.40 | 9.02 | 9.23 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.58 | 0.54 | 0.56 | 0.54 | 0.56 | 0.63 | 0.75 | 0.68 | 0.73 | 0.70 |
Cash ROIC |
14.18% | 8.60% | 9.69% | 15.87% | 17.46% | 14.76% | 8.57% | 7.09% | 7.24% | (4.05%) |
Accounts Receivable Turnover |
4.54 | 4.30 | 4.13 | 3.96 | 3.53 | 4.00 | 3.75 | 3.80 | 3.91 | 3.96 |
Accounts Payable Turnover |
9.13 | 8.37 | 8.10 | 7.38 | 6.07 | 6.22 | 5.54 | 5.60 | 5.54 | 5.61 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
42.82 | 47.41 | 44.93 | 51.65 | 60.79 | 64.06 | 63.58 | 63.89 | 64.58 | 66.39 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
4,328.05 | 4,891.80 | 5,323.30 | 5,274.60 | 5,092.75 | 5,180.30 | 5,292.80 | 4,983.70 | 4,563.60 | 4,533.75 |
Average Payables |
1,786.80 | 2,096.90 | 2,273.05 | 2,370.80 | 2,501.15 | 2,783.30 | 2,935.30 | 2,777.20 | 2,667.95 | 2,667.00 |
Average Assets |
7,545.85 | 8,228.90 | 8,701.70 | 8,871.80 | 9,276.00 | 9,578.55 | 9,479.65 | 8,980.30 | 8,515.60 | 8,680.55 |
Average Common Equity |
2,569.45 | 2,652.00 | 2,778.05 | 2,730.00 | 2,607.55 | 2,492.65 | 2,494.90 | 2,346.10 | 2,180.50 | 2,093.60 |
Columns are period end dates