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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$282M
$49M
55.1%
23.0%
$80M
—
$226M
Dec '25
$270M
$52M
55.0%
24.8%
$142M
—
$329M
Sep '25
$276M
$59M
56.6%
27.5%
$87M
—
$264M
Jun '25
$272M
$57M
57.3%
27.1%
$70M
—
$231M
Mar '25
$263M
$53M
56.4%
24.0%
$74M
—
$206M
Dec '24
$256M
$48M
55.8%
23.7%
$102M
—
$266M
Sep '24
$267M
$64M
55.5%
28.2%
$61M
—
$215M
Jun '24
$265M
$53M
54.8%
25.7%
$71M
—
$203M
Mar '24
$255M
$54M
53.1%
22.6%
$52M
—
$208M
Dec '23
$238M
$49M
55.2%
24.7%
$86M
—
$271M
Sep '23
$238M
$49M
53.3%
22.4%
$57M
—
$182M
Jun '23
$231M
$40M
52.9%
21.9%
$40M
—
$153M
Mar '23
$221M
$39M
53.1%
21.3%
$58M
—
$182M
Dec '22
$198M
$38M
54.6%
22.6%
$53M
—
$225M
Sep '22
$198M
$30M
51.5%
18.6%
$38M
—
$197M
Jun '22
$192M
$31M
53.8%
19.4%
$52M
—
$214M
Mar '22
$179M
$31M
53.4%
19.0%
$31M
—
$216M
Dec '21
$171M
$21M
52.4%
15.8%
$38M
—
$264M
Sep '21
$169M
$37M
57.7%
25.1%
$59M
—
$246M
Jun '21
$166M
$31M
57.5%
23.7%
$45M
—
$209M
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.
The price-to-earnings ratio has fallen from 71.0× (Mar '23) to 34.4× (Jun '26).
The price-to-sales ratio has fallen from 11.9× (Mar '23) to 7.0× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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.