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MANH Financials Manhattan Associates Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 13.0% per year over the past 5 years.
  • Net income has grown faster than revenue (20.3% vs 13.0% per year).
  • Operating margin has expanded, at 25.9% in the latest year.
  • Free cash flow has grown 22.0% per year over the past 5 years.
Revenue & net income
$0 $541M $1B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 29% 59% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $187M $374M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $164M $329M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$315M $37M $389M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $1.1B $220M 56.3% 25.9% $374M $329M
2024 $1.0B $218M 54.8% 25.1% $286M $266M
2023 $929M $177M 53.6% 22.6% $241M $271M
2022 $767M $129M 53.3% 19.9% $173M $225M
2021 $664M $110M 55.1% 20.2% $181M $264M
2020 $586M $87M 54.0% 19.5% $138M $205M
2019 $618M $86M 53.9% 18.8% $132M $111M
2018 $559M $105M 56.9% 23.9% $130M $99M
2017 $595M $116M 58.7% 31.2% $158M $126M
2016 $605M $124M 58.7% 32.1% $133M $96M
2015 $103M $118M
2014 $82M $116M
2013 $67M $85M $124M
2012 $52M $67M $97M
2011 $45M $51M $92M

Valuation over time

How the market has priced MANH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 51.1 102.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 9.1 18.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is MANH growing its revenue and profit?

Over the past 5 years, Manhattan Associates Inc's revenue has grown 13.0% per year, and net income grown 20.3% per year. These are computed facts, not advice.

How much debt does MANH have?

As of FY2025, Manhattan Associates Inc reported — of total debt against $329M of cash.

What is MANH's profit margin?

In FY2025, gross margin was 56.3%, operating margin 25.9%, and net margin 20.3%.

What is MANH's P/E ratio?

As of Jun '26, Manhattan Associates Inc traded at a price-to-earnings ratio of about 34.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.