A Business at a Glance
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Manhattan Associates was founded in 1990 in Manhattan Beach, California and incorporated in Georgia in 1998. References in this filing to the “Company,” “Manhattan,” “Manhattan Associates,” “we,” “our,” and “us” refer to Manhattan Associates, Inc., our predecessors, and our wholly-owned and consolidated subsidiaries. Our principal executive offices are located at 2300 Windy Ridge Parkway, Tenth Floor, Atlanta, Georgia 30339, and our telephone number is 770-955-7070. We develop, sell, deploy, service and maintain software solutions designed to manage supply chains, inventory and omnichannel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. Our customers include many of the world’s premier and most profitable brands. We run our Manhattan Active® applications in the cloud and deliver them as subscription-based software as a service ("SaaS").
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.1B | 1.1B | 1.0B | 929M | 767M | 664M |
| Net Income | 220M | 220M | 218M | 177M | 129M | 110M |
| EPS | $3.60 | $3.60 | $3.51 | $2.82 | $2.03 | $1.72 |
| Free Cash Flow | 374M | 374M | 286M | 241M | 173M | 181M |
| ROIC | 25.6% | 70.1% | 71.6% | 62.3% | 54.9% | 44.2% |
| Gross Margin | 56.3% | 56.3% | 54.8% | 53.6% | 53.3% | 55.1% |
| Debt/Equity | 0.00 | 1.67 | 1.53 | 0.06 | 0.06 | 0.09 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 280M | 280M | 262M | 210M | 153M | 134M |
| Operating Margin | 25.9% | 25.9% | 25.1% | 22.6% | 19.9% | 20.2% |
| ROE | 69.9% | 71.7% | 73.0% | 63.5% | 56.9% | 44.1% |
| Shares Outstanding | 61M | 61M | 62M | 63M | 64M | 64M |
MANHATTAN ASSOCIATES INC passes 8 of 9 quality checks, indicating strong fundamentals.
MANHATTAN ASSOCIATES INC trades at 35.2x trailing earnings, compared to its 15-year median P/E of 59.6x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 20.7x vs a median of 41.5x. The company's 5-year average ROIC is 60.6% with a gross margin of 54.6%. Total shareholder yield (buybacks) is 4.1%. At current prices, the estimated annualized return to fair value is +17.2%.
MANHATTAN ASSOCIATES INC (MANH) has a current P/E ratio of 35.2, compared to its historical median P/E of 59.6. The stock is currently considered Cheap based on its historical valuation range.
MANHATTAN ASSOCIATES INC (MANH) has a 5-year average return on invested capital (ROIC) of 60.6%. This indicates strong capital allocation and a potential competitive advantage.
MANHATTAN ASSOCIATES INC (MANH) has a market capitalization of $7.7B. It is classified as a mid-cap stock.
MANHATTAN ASSOCIATES INC (MANH) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 4.07%.
Based on historical P/E analysis, MANHATTAN ASSOCIATES INC (MANH) appears cheap. The current P/E of 35.2 is 41% below its historical median of 59.6. The estimated fair value CAGR (P/E method) is 17.2%.
MANHATTAN ASSOCIATES INC (MANH) operates in the Services-Prepackaged Software industry, within the Technology sector.
MANHATTAN ASSOCIATES INC (MANH) reported annual revenue of $1.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
MANHATTAN ASSOCIATES INC (MANH) has a net profit margin of 20.3%. This is a strong margin indicating high profitability.
MANHATTAN ASSOCIATES INC (MANH) generated $374 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MANHATTAN ASSOCIATES INC (MANH) has a debt-to-equity ratio of 1.67. This indicates higher leverage, which may increase financial risk.
MANHATTAN ASSOCIATES INC (MANH) reported earnings per share (EPS) of $3.60 in its most recent fiscal year.
MANHATTAN ASSOCIATES INC (MANH) has a return on equity (ROE) of 71.7%. This indicates the company generates strong returns for shareholders.
MANHATTAN ASSOCIATES INC (MANH) has a 5-year average gross margin of 54.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for MANHATTAN ASSOCIATES INC (MANH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MANHATTAN ASSOCIATES INC (MANH) has a book value per share of $5.15, based on its most recent annual SEC filing.