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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
Return on equity & assets (ROE / ROA)
0% 37% 73% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
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 MROEROAFCFTotal debtCash
2025 $1.1B $220M 56.3% 25.9% 69.9% 26.2% $374M — $329M
2024 $1.0B $218M 54.8% 25.1% 73.0% 28.8% $286M — $266M
2023 $929M $177M 53.6% 22.6% 63.5% 26.2% $241M — $271M
2022 $767M $129M 53.3% 19.9% 56.9% 22.6% $173M — $225M
2021 $664M $110M 55.1% 20.2% 44.1% 20.5% $181M — $264M
2020 $586M $87M 54.0% 19.5% 39.9% 18.7% $138M — $205M
2019 $618M $86M 53.9% 18.8% 60.3% 23.0% $132M — $111M
2018 $559M $105M 56.9% 23.9% 71.1% 34.1% $130M — $99M
2017 $595M $116M 58.7% 31.2% 66.6% 37.0% $158M — $126M
2016 $605M $124M 58.7% 32.1% 73.4% 41.8% $133M — $96M
2015 — $103M — — 52.9% 31.1% — — $118M
2014 — $82M — — 45.0% 25.8% — — $116M
2013 — $67M — — 37.1% 22.6% $85M — $124M
2012 — $52M — — 32.1% 19.8% $67M — $97M
2011 — $45M — — 27.7% 17.3% $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 50.2 100.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 8.9 17.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '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?

Manhattan Associates Inc's P/E (TTM) is 69.03 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MANH stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 66.8× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.