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MANHATTAN ASSOCIATES INC MANH

Nasdaq · stock · Services-Prepackaged Software · website · IPO 1998-04-23 · LEI

MANHATTAN ASSOCIATES INC statistics & valuation

Market cap$8.2B
P / E37.1×
P / S7.5×
P / B25.9×
P / FCF21.8×
Net margin20.3%
Return on equity69.9%
FCF margin34.6%
Return on capital73%
Graham number -89.4%$20.44

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($20.44); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
20.50% 19.60% 18.70% 13.90% 14.90% 16.60% 16.80% 19.00% 20.90% 20.30% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
32.10% 31.20% 23.90% 18.80% 19.50% 20.20% 19.90% 22.60% 25.10% 25.90% 2016201720182019202020212022202320242025
Return on equity (%)
73.40% 66.60% 71.10% 60.30% 39.90% 44.10% 56.90% 63.50% 73.00% 69.90% 2016201720182019202020212022202320242025
Shares outstanding
72.1M 69.4M 66.4M 65.1M 64.3M 64.3M 63.4M 62.6M 62.2M 61.1M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
41.80% 37.00% 34.10% 23.00% 18.70% 20.50% 22.60% 26.20% 28.80% 26.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
21.90% 26.60% 23.30% 21.30% 23.60% 27.30% 22.60% 26.00% 27.50% 34.60% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$1.72 $1.68 $1.58 $1.32 $1.36 $1.72 $2.03 $2.82 $3.51 $3.60 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MANHATTAN ASSOCIATES INC trades at about 53.5× earnings — below its 10-year norm (10-year range 29.8×–86×, median 64.2×).

29.8× 86×

Shaded band = 10-year range (29.8×–86×); dot = today's 53.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin25.9%25.1%22.6%19.9%20.2%19.5%18.8%23.9%31.2%32.1%
Net margin20.3%20.9%19.0%16.8%16.6%14.9%13.9%18.7%19.6%20.5%
FCF margin34.6%27.5%26.0%22.6%27.3%23.6%21.3%23.3%26.6%21.9%
Return on assets26.2%28.8%26.2%22.6%20.5%18.7%23.0%34.1%37.0%41.8%
Return on equity69.9%73.0%63.5%56.9%44.1%39.9%60.3%71.1%66.6%73.4%
Current ratio1.281.261.311.321.641.701.281.481.841.76

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.