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Friday 6 November 2026 Export MAN’s income statement to Excel — free account

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.

Revenue
+4.44%
EPS
+87.2%
Free cash flow
−135.7%
Total debt
+20.2%

Quarter to September 2026, against a year earlier

45.36 0.91 −1.97%
Market cap
$2.2B
P/E
17.9×
Fwd P/E
16.0×
Dividend yield
3.13%
F-score
1/9
Altman Z
2.77
Beneish M
−2.35
Dividend safety
16/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

ManpowerGroup Inc. (MAN) Debt to equity

Alert me on Debt to equity

ManpowerGroup Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.3×, down 0.2× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.2× (fiscal 2017) to 0.5× (fiscal 2025) — the current reading is the highest in ten years. That is above the Staffing & Employment Services industry median of 0.0× and below the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.5× 16.86%
FY2024 0.4× (1.44%)
FY2023 0.4× 13.55%
FY2022 0.4× 74.80%
FY2021 0.2× (50.32%)
FY2020 0.4× 22.67%
FY2019 0.4× (3.53%)
FY2018 0.4× 127.14%
FY2017 0.2× (47.90%)
FY2016 0.3× 6.61%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.3× (2.38%)
Jun 2026 0.3× (46.23%)
Mar 2026 0.5× (1.94%)
Dec 2025 0.5× 119.37%
43 more quarters

Against its own ten years

Low 0.2× High 0.5×
Ten-year median 0.4×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
BBSI Barrett Business Services, Inc. compare 0.0×
RHI Robert Half Inc. compare 0.0×
KELYA Kelly Services, Inc. compare 0.1×
KELYB Kelly Services, Inc. compare 0.1×
KFY Korn/Ferry International compare 0.2×
MAN ManpowerGroup Inc. 0.3×
KFRC Kforce, Inc. compare 0.8×
TNET TriNet Group, Inc. compare 6.7×
NSP Insperity, Inc. compare 9.5×
Staffing & Employment Services industry median 0.0×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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