Manhattan Associates, Inc.

MANH Technology Software Application

Manhattan Associates, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 3.75% from fiscal 2024.

Revenue
+11.0%
EPS
+8.25%
Free cash flow
−22.5%

Quarter to September 2026, against a year earlier

252.67 2.50 −0.98%
Market cap
$14.8B
P/E
71.0×
Fwd P/E
68.4×
Dividend yield
—
F-score
7/9
Altman Z
15.13
Beneish M
−3.40
Dividend safety
n/a

Manhattan Associates, Inc. (MANH) Free cash flow margin

Alert me on Free cash flow margin

Manhattan Associates, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 32.8%, down 1.8 percentage points from fiscal 2025 (34.6%). Over the past ten years it has ranged from 19.5% (fiscal 2015) to 34.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Application industry median of 5.77% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 34.6% 7.12
FY2024 27.5% 1.47
FY2023 26.0% 3.44
FY2022 22.6% (4.74)
FY2021 27.3% 3.74
FY2020 23.6% 2.25
FY2019 21.3% (1.95)
FY2018 23.3% (3.29)
FY2017 26.6% 4.63
FY2016 21.9% 2.39

Against its own ten years

Low 19.5% High 34.6%
Ten-year median 23.6%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
FICO Fair Isaac Corporation compare 40.1%
DOCU Docusign Inc. compare 35.7%
MANH Manhattan Associates, Inc. 32.8%
BSY Bentley Systems, Incorporated compare 29.7%
TYL Tyler Technologies, Inc. compare 29.6%
DT Dynatrace, Inc. compare 26.5%
GWRE Guidewire Software, Inc. compare 24.3%
SSNC SS&C Technologies Holdings, Inc. compare 23.2%
GRAB Grab Holdings Limited compare −0.05%
Software Application industry median 5.77%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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