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

256.29 4.12 −1.58%
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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Manhattan Associates, Inc. (MANH) trades at a price to free cash flow of 39.3×. Over the past ten years it has ranged from 17.5× (February 2018) to 69.9× (December 2024); the current reading is higher than 47% of that period. That is above the Software Application industry median of 17.2× and above the Technology sector median of 18.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 28.0× (51.57%)
FY2024 57.9× 9.31%
FY2023 52.9× 20.60%
FY2022 43.9× (19.40%)
FY2021 54.5× 12.57%
FY2020 48.4× 24.06%
FY2019 39.0× 80.77%
FY2018 21.6× (2.06%)
FY2017 22.0× (25.50%)
FY2016 29.6× (33.90%)

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 30.5× 48.64%
Jun 2026 20.5× (2.08%)
Mar 2026 20.9× (25.30%)
Dec 2025 28.0× (24.56%)
43 more quarters

Against its own ten years

Low 17.5× High 69.9×
Ten-year median 40.9×
Current reading's percentile 47

Price to free cash flow against peers

Company Price to free cash flow
GRAB Grab Holdings Limited compare n/m
SSNC SS&C Technologies Holdings, Inc. compare 12.2×
DOCU Docusign Inc. compare 12.6×
FICO Fair Isaac Corporation compare 16.8×
DT Dynatrace, Inc. compare 21.9×
TYL Tyler Technologies, Inc. compare 23.7×
BSY Bentley Systems, Incorporated compare 28.5×
MANH Manhattan Associates, Inc. 39.3×
GWRE Guidewire Software, Inc. compare 39.3×
Software Application industry median 17.2×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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