Saturday 17 October 2026 Export MANH’s income statement to Excel — free account

Manhattan Associates, Inc.

Manhattan Associates, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 3.75% from fiscal 2024. In the quarter to June 2026, revenue grew 9.31%, EPS fell 8.51% and free cash flow grew 28.0%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

222.17 4.79 −2.11%

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Market cap: $13.2B
P/E: 62.9×
Fwd P/E: 40.5×
Dividend yield: —
F-score: 7/9
Altman Z: 15.13
Beneish M: −3.40
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 3.34

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	—	—	1	—	1	1	2	—	—

Insider Ownership 2.23%

Capital & Financial Ratios $m

Market Cap 13,230.00

Revenue 1,126.19

Net Income 210.23

Free Cash Flow 399.19

Net Debt (186.11)

Current Ratio 0.98

Debt/Equity 0.00

P/E ratio 62.94

Fwd P/E 40.50

P/S ratio 11.59

P/B ratio 82.88

Past 5Y EPS Growth 21.49%

This Y EPS Growth 8.65%

Next Y EPS Growth 11.78%

Next Y revenue growth 7.73%

Next 5Y EPS Growth 12.05%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 57.72%

10-year low 10-year high

P/S against its own 10 years 65.17%

10-year low 10-year high

P/B against its own 10 years 99.78%

10-year low 10-year high

EV/Sales against its own 10 years 65.79%

10-year low 10-year high

EV/FCF against its own 10 years 35.68%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	271	266	329	186
Receivables	183	211	221	219
Inventory	—	—	—	—
Other	5	4	6	—
	479	503	583	467

	2023	2024	2025	Q'26
Payables	25	27	22	31
ST’ Debt	—	—	—	—
Other	—	—	—	—
	366	400	456	475

Compound Annual Growth %

	10y	5y	3y
Sales	6.87%	13.02%	12.13%
Cash Flow	12.48%	22.55%	29.43%
Earnings	7.83%	20.32%	19.48%
Book Value	4.88%	7.53%	11.54%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	282	298	—	—	—
’25	263	272	276	270	1,081
’24	255	265	267	256	1,042
’23	221	231	238	238	929
’22	179	192	198	198	767
’21	157	166	169	171	664
’20	154	136	150	147	586

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	84	91	—	—	—
’25	75	74	93	147	389
’24	55	73	62	105	295
’23	59	41	59	88	246
’22	32	53	40	55	180
’21	40	46	60	40	185
’20	12	49	42	38	141

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	80	90	—	—	—
’25	74	70	87	142	374
’24	52	71	61	102	286
’23	58	40	57	86	241
’22	31	52	38	53	173
’21	39	45	59	38	181
’20	10	48	42	37	138

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.82	0.85	—	—	—
’25	0.85	0.93	0.96	0.86	3.60
’24	0.86	0.85	1.03	0.77	3.51
’23	0.62	0.63	0.79	0.78	2.82
’22	0.48	0.49	0.47	0.60	2.03
’21	0.35	0.48	0.57	0.32	1.72
’20	0.35	0.30	0.39	0.32	1.36

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	44.14	40.75	39.01	39.85	35.20	101.18	106.02	113.43	199.23	140.81	Analyst estimates 2026–2028 Powerpack
	High	68.57	55.74	62.39	89.53	108.07	188.52	155.81	230.61	312.60	299.27
People
People	Employees	3,020	2,790	3,000	3,400	3,400	3,600	4,150	4,580	4,690	4,370
	Revenue/emp, $m	0.20	0.21	0.19	0.18	0.17	0.18	0.18	0.20	0.22	0.25
Income, $m
Income, $m	Revenue	605	595	559	618	586	664	767	929	1,042	1,081
	Gross margin, %	58.67	58.67	56.92	53.89	53.97	55.12	53.30	53.63	54.82	56.32
	EBT	196	185	136	116	114	134	158	214	267	286
	EBT margin, %	32.44	31.09	24.36	18.78	19.40	20.20	20.61	23.01	25.60	26.44
	Net income	124	116	105	86	87	110	129	177	218	220
	Depreciation	9	9	9	8	9	8	7	6	6	6
Per share, $
Per share, $	Revenue	8.43	8.60	8.45	9.60	9.23	10.46	12.22	15.02	17.00	17.88
	Earnings	1.73	1.68	1.58	1.33	1.37	1.74	2.05	2.86	3.56	3.64
	Cash flow	1.94	2.37	2.07	2.28	2.22	2.92	2.86	3.98	4.81	6.44
	Capex	(0.10)	(0.09)	(0.11)	(0.24)	(0.04)	(0.06)	(0.10)	(0.08)	(0.14)	(0.26)
	Free cash flow	1.85	2.28	1.96	2.05	2.17	2.86	2.76	3.91	4.67	6.18
	Book value	2.36	2.53	2.22	2.21	3.45	3.95	3.61	4.50	4.88	5.21
	Shares, m	72	69	66	64	64	63	63	62	61	60
Valuation, ×
Valuation, ×	P/E	31.59	29.92	26.65	60.42	77.34	88.85	59.02	72.55	75.91	47.61
	P/S	6.48	5.85	5.02	8.31	11.40	14.87	9.90	13.76	15.89	9.69
	P/B	23.13	19.87	19.06	36.10	30.53	39.36	33.49	45.93	55.38	33.30
	EV/Sales	6.32	5.64	4.84	8.13	11.05	14.47	9.61	13.47	15.64	9.39
	EV/FCF	28.84	21.23	20.80	38.15	46.89	53.00	42.59	51.81	56.93	27.14
Cash, $m
Cash, $m	Operating cash flow	139	164	137	147	141	185	180	246	295	389
	Capex	(7)	(6)	(7)	(15)	(3)	(4)	(7)	(5)	(9)	(15)
	Free cash flow	133	158	130	132	138	181	173	241	286	374
Balance, $m
Balance, $m	Working capital	89	104	70	50	137	159	100	113	103	127
	Total debt	—	—	—	39	34	30	20	—	—	—
	Net debt	(96)	(126)	(101)	(111)	(205)	(264)	(225)	(271)	(266)	(329)
	Shareholders’ equity	169	175	147	142	219	251	227	278	299	315
Returns, %
Returns, %	ROA	39.48	38.06	33.65	25.25	20.83	21.98	23.24	28.40	30.52	27.55
	ROIC	164.66	234.71	179.64	229.28	502.31	0.00	7,138.18	1,740.42	497.01	0.00
	ROE	68.10	67.66	65.00	59.26	48.31	47.06	54.02	69.92	75.64	71.66

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TYL Tyler Technologies, Inc.	$14.9B	47.3×	37.8×	+8.22% (above 0%: growing)	+14.80% (above 0%: growing)	+34.72% (above 0%: growing)	47.60%	14.74%	Compare
DOCU Docusign Inc.	$14.5B	44.7×	27.4×	+9.38% (above 0%: growing)	+32.26% (above 0%: growing)	+35.89% (above 0%: growing)	79.69%	13.43%	Compare
GWRE Guidewire Software, Inc.	$14.4B	102×	64.1×	+15.29% (above 0%: growing)	−38.71% (below 0%: shrinking)	+16.42% (above 0%: growing)	65.60%	15.16%	Compare
MANH Manhattan Associates, Inc.	$13.2B	62.9×	40.5×	+9.31% (above 0%: growing)	−8.51% (below 0%: shrinking)	+27.98% (above 0%: growing)	56.53%	22.24%
FIG Figma, Inc.	$12.3B	— (loss-making)	— (loss-making)	+48.25% (above 0%: growing)	n/m	−16.79% (below 0%: shrinking)	83.66%	(31.69%)	Compare
GRAB Grab Holdings Limited	$12.2B	21.0×	32.6×	+21.73% (above 0%: growing)	+500.00% (above 0%: growing)	−40.38% (below 0%: shrinking)	43.63%	1.91%	Compare
HUBS HubSpot, Inc.	$11.9B	81.5×	56.8×	+19.83% (above 0%: growing)	n/m	+44.84% (above 0%: growing)	82.35%	4.75%	Compare
FROG JFrog Ltd.	$11.7B	— (loss-making)	— (loss-making)	+28.73% (above 0%: growing)	n/m	+51.58% (above 0%: growing)	77.93%	(8.09%)	Compare
CHYM Chime Financial, Inc.	$11.3B	— (loss-making)	54.6×	+26.81% (above 0%: growing)	n/m	+749.07% (above 0%: growing)	88.82%	3.18%	Compare
Median of peers	$12.2B	47.3×	46.2×	+20.78%	+23.53%	+35.31%	78.81%	3.97%

All 237 Software Application stocks →

Manhattan Associates, Inc. (MANH) key facts

Strength: Manhattan Associates, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 3.75% from fiscal 2024.
Strength: Net income was $219.9 million, or $3.64 per share (basic), a net margin of 20.3%.
Manhattan Associates, Inc. (MANH) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, MANH traded at $222.17, a market capitalization of $13.2 billion.
At that price the stock trades at 62.9× trailing-twelve-month earnings and 11.6× sales; its P/E is higher than 58% of its own readings over the past ten years.
Return on equity was 71.7% and debt-to-equity 0.00.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 15.13 (safe zone) for fiscal 2025.