NASDAQ : MANH
Manhattan Associates, Inc. — Financial statements
Technology · Software - Application · United States
Last price 240.84 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 13.98B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Manhattan Associates, Inc. (MANH) reported revenue of 1.16B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.16B | 1.08B | 1.04B | 928.73M | 767.08M | 663.64M |
| Cost of Revenue | 509.74M | 472.34M | 470.98M | 430.61M | 358.24M | 297.83M |
| Gross Profit | 646.85M | 609.05M | 571.37M | 498.11M | 408.85M | 365.82M |
| Selling, General & Admin | 206.51M | 174.94M | 165.79M | 155.66M | 137.61M | 125.94M |
| Research & Development | 146.19M | 145.06M | 137.69M | 126.81M | 111.88M | 97.63M |
| Operating Expenses | 359.41M | 326.32M | 309.78M | 288.23M | 256.15M | 231.48M |
| Operating Income | 287.44M | 282.74M | 261.60M | 209.88M | 152.70M | 134.33M |
| Interest & Investment Income | 3.89M | 4.39M | 6.03M | 5.30M | 596.00K | 68.00K |
| Currency Exchange Gain (Loss) | 4.60M | 1.70M | -1.00M | 4.70M | -200.00K | |
| Other Non Operating Income (Expenses) | 155.00K | 5.00K | 189.00K | -1.51M | 125.00K | -129.00K |
| EBT Excluding Unusual Items | 296.08M | 288.83M | 266.81M | 213.67M | 158.12M | 134.07M |
| Merger & Restructuring Charges | -8.26M | -2.94M | ||||
| Pretax Income | 287.82M | 285.89M | 266.81M | 213.67M | 158.12M | 134.07M |
| Income Tax Expense | 74.88M | 65.95M | 48.45M | 37.10M | 29.16M | 23.60M |
| Net Income | 212.94M | 219.95M | 218.36M | 176.57M | 128.96M | 110.47M |
| Net Income to Common | 212.94M | 219.95M | 218.36M | 176.57M | 128.96M | 110.47M |
| Shares Outstanding (Basic) | 59.17M | 60.47M | 61.30M | 61.82M | 62.77M | 63.45M |
| Shares Outstanding (Diluted) | 59.60M | 61.05M | 62.18M | 62.61M | 63.41M | 64.32M |
| EPS (Basic) | 3.60 | 3.64 | 3.56 | 2.86 | 2.05 | 1.74 |
| EPS (Diluted) | 3.57 | 3.60 | 3.51 | 2.82 | 2.03 | 1.72 |
| Free Cash Flow | 379.61M | 374.01M | 286.33M | 241.49M | 173.04M | 181.17M |
| Free Cash Flow Per Share | 6.37 | 6.13 | 4.61 | 3.86 | 2.73 | 2.82 |
| Gross Margin | 55.93% | 56.32% | 54.82% | 53.63% | 53.30% | 55.12% |
| Operating Margin | 24.85% | 26.15% | 25.10% | 22.60% | 19.91% | 20.24% |
| Profit Margin | 18.41% | 20.34% | 20.95% | 19.01% | 16.81% | 16.65% |
| Free Cash Flow Margin | 32.82% | 34.59% | 27.47% | 26.00% | 22.56% | 27.30% |
| EBITDA | 294.15M | 289.05M | 267.90M | 215.63M | 159.36M | 142.25M |
| EBITDA Margin | 25.43% | 26.73% | 25.70% | 23.22% | 20.77% | 21.43% |
| D&A For EBITDA | 6.71M | 6.32M | 6.30M | 5.75M | 6.66M | 7.91M |
| EBIT | 287.44M | 282.74M | 261.60M | 209.88M | 152.70M | 134.33M |
| EBIT Margin | 24.85% | 26.15% | 25.10% | 22.60% | 19.91% | 20.24% |
| Effective Tax Rate | 26.02% | 23.07% | 18.16% | 17.36% | 18.44% | 17.60% |
| Revenue as Reported | 1.16B | 1.08B | 1.04B | 928.73M | 767.08M | 663.64M |
| Advertising Expenses | 2.00M | 1.80M | 2.40M | 2.30M | 2.30M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 199.45M | 328.75M | 266.23M | 270.74M | 225.46M | 263.71M |
| Cash & Short-Term Investments | 199.45M | 328.75M | 266.23M | 270.74M | 225.46M | 263.71M |
| Accounts Receivable | 268.11M | 214.68M | 205.47M | 181.17M | 166.77M | 124.42M |
| Other Receivables | 6.72M | 5.19M | 1.37M | 647.00K | 2.60M | |
| Receivables | 268.11M | 221.40M | 210.67M | 182.54M | 167.41M | 127.02M |
| Prepaid Expenses | 30.84M | 27.04M | 22.22M | 20.71M | 18.88M | 17.05M |
| Other Current Assets | 14.50M | 6.15M | 4.14M | 5.20M | 3.61M | 643.00K |
| Total Current Assets | 512.90M | 583.34M | 503.26M | 479.19M | 415.38M | 408.42M |
| Property, Plant & Equipment | 68.26M | 73.56M | 61.89M | 33.44M | 30.60M | 41.16M |
| Goodwill | 62.24M | 62.24M | 62.23M | 62.23M | 62.23M | 62.24M |
| Long-Term Deferred Tax Assets | 58.61M | 75.90M | 94.50M | 66.04M | 37.21M | 7.65M |
| Long-Term Deferred Charges | 43.60M | 39.50M | 31.80M | 29.60M | 21.90M | 16.90M |
| Other Long-Term Assets | 5.21M | 4.84M | 3.86M | 2.85M | 2.87M | 3.34M |
| Total Assets | 750.81M | 839.39M | 757.55M | 673.35M | 570.18M | 539.71M |
| Accounts Payable | 22.12M | 22.18M | 26.61M | 24.51M | 25.70M | 19.62M |
| Accrued Expenses | 109.62M | 91.00M | 94.45M | 100.58M | 79.04M | 75.84M |
| Current Portion of Leases | 4.88M | |||||
| Current Income Taxes Payable | 271.00K | 803.00K | 1.26M | 3.03M | 2.05M | 376.00K |
| Current Unearned Revenue | 348.09M | 337.05M | 277.97M | 237.79M | 208.81M | 153.20M |
| Total Current Liabilities | 480.10M | 455.91M | 400.30M | 365.92M | 315.60M | 249.04M |
| Long-Term Leases | 51.74M | 56.18M | 47.79M | 17.69M | 14.06M | 23.16M |
| Other Long-Term Liabilities | 18.23M | 12.53M | 10.33M | 11.47M | 13.72M | 16.86M |
| Total Liabilities | 550.07M | 524.62M | 458.43M | 395.07M | 343.38M | 289.06M |
| Common Stock | 581.00K | 598.00K | 609.00K | 615.00K | 621.00K | 631.00K |
| Retained Earnings | 238.57M | 345.10M | 329.44M | 304.70M | 253.71M | 269.84M |
| Comprehensive Income & Other | -38.41M | -30.93M | -30.92M | -27.04M | -27.53M | -19.83M |
| Shareholders' Equity | 200.74M | 314.76M | 299.13M | 278.28M | 226.80M | 250.64M |
| Total Liabilities & Equity | 750.81M | 839.39M | 757.55M | 673.35M | 570.18M | 539.71M |
| Total Debt | 51.74M | 61.06M | 47.79M | 17.69M | 14.06M | 23.16M |
| Net Cash (Debt) | 147.71M | 267.68M | 218.44M | 253.05M | 211.40M | 240.55M |
| Net Cash Per Share | 2.48 | 4.38 | 3.51 | 4.04 | 3.33 | 3.74 |
| Filing Date Shares Outstanding | 58.06M | 59.85M | 61.12M | 61.57M | 62.50M | 63.15M |
| Total Common Shares Outstanding | 58.06M | 59.85M | 60.92M | 61.57M | 62.19M | 63.15M |
| Working Capital | 32.80M | 127.42M | 102.96M | 113.28M | 99.78M | 159.38M |
| Book Value Per Share | 3.46 | 5.26 | 4.91 | 4.52 | 3.65 | 3.97 |
| Tangible Book Value | 138.50M | 252.52M | 236.90M | 216.04M | 164.57M | 188.41M |
| Tangible Book Value Per Share | 2.39 | 4.22 | 3.89 | 3.51 | 2.65 | 2.98 |
| Machinery | 46.05M | 46.80M | 45.08M | 44.14M | 42.45M | |
| Leasehold Improvements | 31.76M | 26.40M | 23.85M | 23.52M | 24.14M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 212.94M | 219.95M | 218.36M | 176.57M | 128.96M | 110.47M |
| Depreciation & Amortization | 6.71M | 6.32M | 6.30M | 5.75M | 6.66M | 7.91M |
| Loss (Gain) From Sale of Assets | -161.00K | -21.00K | -133.00K | 57.00K | -89.00K | 7.00K |
| Stock-Based Compensation | 120.68M | 111.26M | 93.21M | 71.57M | 59.36M | 43.26M |
| Other Operating Activities | 18.68M | 18.09M | -29.07M | -27.56M | -31.23M | -2.40M |
| Change in Accounts Receivable | -49.58M | -3.58M | -26.70M | -13.08M | -44.06M | -16.65M |
| Change in Accounts Payable | 34.30M | -229.00K | 1.25M | 18.12M | 11.79M | 12.26M |
| Change in Unearned Revenue | 58.03M | 52.10M | 42.19M | 27.14M | 57.71M | 40.53M |
| Change in Income Taxes | 12.22M | 319.00K | -6.24M | -1.42M | 765.00K | -3.67M |
| Change in Other Net Operating Assets | -23.46M | -14.73M | -4.16M | -10.93M | -10.25M | -6.53M |
| Operating Cash Flow | 390.36M | 389.47M | 295.00M | 246.22M | 179.63M | 185.18M |
| Capital Expenditures | -10.76M | -15.46M | -8.68M | -4.73M | -6.59M | -4.02M |
| Investing Cash Flow | -10.76M | -15.46M | -8.68M | -4.73M | -6.59M | -4.02M |
| Repurchase of Common Stock | -433.90M | -315.16M | -286.37M | -196.05M | -204.46M | -120.42M |
| Financing Cash Flow | -433.90M | -315.16M | -286.37M | -196.05M | -204.46M | -120.42M |
| Foreign Exchange Rate Adjustments | -9.81M | 3.67M | -4.47M | -163.00K | -6.83M | -1.75M |
| Net Cash Flow | -64.11M | 62.52M | -4.51M | 45.28M | -38.24M | 59.00M |
| Free Cash Flow | 379.61M | 374.01M | 286.33M | 241.49M | 173.04M | 181.17M |
| Free Cash Flow Margin | 32.82% | 34.59% | 27.47% | 26.00% | 22.56% | 27.30% |
| Free Cash Flow Per Share | 6.37 | 6.13 | 4.61 | 3.86 | 2.73 | 2.82 |
| Levered Free Cash Flow | 324.74M | 312.00M | 260.13M | 235.55M | 176.23M | 167.79M |
| Unlevered Free Cash Flow | 324.74M | 312.00M | 260.13M | 235.55M | 176.23M | 167.79M |
| Cash Income Tax Paid | 47.27M | 47.27M | 83.40M | 67.38M | 58.02M | 29.16M |
| Change in Working Capital | 31.51M | 33.87M | 6.33M | 19.83M | 15.96M | 25.94M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.42B | 10.44B | 16.50B | 13.26B | 7.57B | 9.84B |
| Enterprise Value | 14.27B | 10.23B | 16.34B | 13.09B | 7.40B | 9.62B |
| Last Close Price | 248.39 | 173.31 | 270.24 | 215.32 | 121.40 | 155.49 |
| PE Ratio | 69.61 | 47.48 | 75.58 | 75.08 | 58.74 | 89.07 |
| Forward PE | 41.36 | 33.53 | 56.80 | 60.89 | 48.35 | 78.64 |
| PS Ratio | 12.47 | 9.66 | 15.83 | 14.27 | 9.88 | 14.83 |
| PB Ratio | 71.84 | 33.18 | 55.18 | 47.64 | 33.40 | 39.26 |
| P/TBV Ratio | 104.13 | 41.36 | 69.67 | 61.36 | 46.03 | 52.23 |
| P/FCF Ratio | 37.99 | 27.92 | 57.64 | 54.89 | 43.77 | 54.31 |
| P/OCF Ratio | 36.94 | 26.81 | 55.95 | 53.84 | 42.17 | 53.13 |
| PEG Ratio | 2.05 | 2.05 | 2.05 | 2.05 | 2.05 | |
| EV/Sales Ratio | 12.34 | 9.46 | 15.68 | 14.10 | 9.65 | 14.50 |
| EV/EBITDA Ratio | 48.53 | 35.38 | 60.99 | 60.71 | 46.44 | 67.66 |
| EV/EBIT Ratio | 49.66 | 36.17 | 62.46 | 62.37 | 48.47 | 71.64 |
| EV/FCF Ratio | 37.60 | 27.34 | 57.07 | 54.21 | 42.77 | 53.12 |
| Debt / Equity Ratio | 0.26 | 0.19 | 0.16 | 0.06 | 0.06 | 0.09 |
| Debt / EBITDA Ratio | 0.17 | 0.20 | 0.17 | 0.08 | 0.08 | 0.15 |
| Debt / FCF Ratio | 0.14 | 0.16 | 0.17 | 0.07 | 0.08 | 0.13 |
| Net Debt / Equity Ratio | -0.74 | -0.85 | -0.73 | -0.91 | -0.93 | -0.96 |
| Net Debt / EBITDA Ratio | -0.50 | -0.93 | -0.81 | -1.17 | -1.33 | -1.69 |
| Net Debt / FCF Ratio | -0.39 | -0.72 | -0.76 | -1.05 | -1.22 | -1.33 |
| Asset Turnover | 1.52 | 1.35 | 1.46 | 1.49 | 1.38 | 1.32 |
| Quick Ratio | 0.97 | 1.21 | 1.19 | 1.24 | 1.25 | 1.57 |
| Current Ratio | 1.07 | 1.28 | 1.26 | 1.31 | 1.32 | 1.64 |
| Return on Equity (ROE) | 83.51% | 71.66% | 75.64% | 69.92% | 54.02% | 47.05% |
| Return on Assets (ROA) | 23.64% | 22.13% | 22.85% | 21.10% | 17.20% | 16.71% |
| Return on Invested Capital (ROIC) | 543.08% | 340.48% | 404.25% | 853.67% | 808.58% | |
| Return on Capital Employed (ROCE) | 106.20% | 73.70% | 73.20% | 68.30% | 60.00% | 46.20% |
| Earnings Yield | 1.44% | 2.11% | 1.32% | 1.33% | 1.70% | 1.12% |
| FCF Yield | 2.63% | 3.58% | 1.74% | 1.82% | 2.28% | 1.84% |
| Buyback Yield / Dilution | 2.97% | 1.82% | 0.68% | 1.26% | 1.42% | 0.02% |