Manhattan Associates, Inc. logo

Manhattan Associates, Inc.

MANH

NASDAQTechnologySoftware - Application

Regular session

$211.76

−$2.8016 · -1.31%

Aug 24, 12:30 PM ET

MANH company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

70

Undervalued

Momentum

51

Neutral

Sentiment

71

Bullish

Risk resilience

47

Elevated Risk

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Company profile

Company website

Manhattan Associates, Inc. develops comprehensive software solutions to manage and optimize supply chains, inventory, and omni-channel operations. Their product portfolio features Manhattan SCALE, a suite of logistics execution tools covering aspects like trading partner management, yard optimization, warehouse management, and transportation execution. Additionally, they offer Manhattan Active, which provides integrated enterprise and in-store omni-channel solutions. The company also supplies specialized solutions for inventory optimization, planning, and allocation. Supporting these offerings are a range of services, including ongoing maintenance (customer support and software enhancements), professional services (solution planning, implementation, and consulting), and training and change management programs. Beyond software, Manhattan Associates also resells complementary hardware such as computer equipment, radio frequency (RF) terminal networks, RFID readers, barcode printers and scanners, and other peripherals. They distribute their products through a direct sales force and via strategic partnership agreements. Serving a diverse global clientele, their industry reach includes grocery, food and beverage, manufacturing, medical and pharmaceutical, retail, third-party logistics (3PLs), and wholesale. With operations spanning the Americas, Europe, the Middle East, Africa, and the Asia Pacific, Manhattan Associates, Inc. was founded in 1990 and is headquartered in Atlanta, Georgia.

Industry
Software - Application
Sector
Technology
Headquarters
US
CEO
Eric A. Clark
Listed since
Apr 23, 1998
Employees
4,100

Market position

Day range

Current $211.76

52-week range

Current $211.76

Open
$216
Previous close
$214.56
Volume
366.79K
0.47× average
Average volume
776.48K
Average daily volume
Market cap
12.35B USD
Beta
0.93
Market reference 1
50-day average
$165.78
+27.73% above average
200-day average
$156.08
+35.68% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.26B USD
EV / EBITDA
35.13×
Earnings yield
2.10%
Free cash flow yield
3.57%

Profitability & efficiency

Return on equity
69.88%
Return on assets
26.20%
Return on invested capital
56.72%

Financial health

Current ratio
1.28×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends60%44%28%13%Gross margin, FY2021: 53.93%Gross margin, FY2022: 52.43%Gross margin, FY2023: 53.01%Gross margin, FY2024: 54.21%Gross margin, FY2025: 55.74%Operating margin, FY2021: 20.24%Operating margin, FY2022: 19.91%Operating margin, FY2023: 22.60%Operating margin, FY2024: 25.10%Operating margin, FY2025: 26.15%Net margin, FY2021: 16.65%Net margin, FY2022: 16.81%Net margin, FY2023: 19.01%Net margin, FY2024: 20.95%Net margin, FY2025: 20.34%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 53.93%. Gross margin FY2022 52.43%. Gross margin FY2023 53.01%. Gross margin FY2024 54.21%. Gross margin FY2025 55.74%. Operating margin FY2021 20.24%. Operating margin FY2022 19.91%. Operating margin FY2023 22.60%. Operating margin FY2024 25.10%. Operating margin FY2025 26.15%. Net margin FY2021 16.65%. Net margin FY2022 16.81%. Net margin FY2023 19.01%. Net margin FY2024 20.95%. Net margin FY2025 20.34%.

Income trends

Revenue

1.08B USD+3.75%

Operating income

282.74M USD+8.08%

Net income

219.95M USD+0.73%
Income trends across reported periods1.18B USD790.12M USD401.75M USD13.38M USDRevenue, FY2021: 663.64M USDRevenue, FY2022: 767.08M USDRevenue, FY2023: 928.73M USDRevenue, FY2024: 1.04B USDRevenue, FY2025: 1.08B USDOperating income, FY2021: 134.33M USDOperating income, FY2022: 152.7M USDOperating income, FY2023: 209.88M USDOperating income, FY2024: 261.6M USDOperating income, FY2025: 282.74M USDNet income, FY2021: 110.47M USDNet income, FY2022: 128.96M USDNet income, FY2023: 176.57M USDNet income, FY2024: 218.36M USDNet income, FY2025: 219.95M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 663.64M USD. Revenue FY2022 767.08M USD. Revenue FY2023 928.73M USD. Revenue FY2024 1.04B USD. Revenue FY2025 1.08B USD. Operating income FY2021 134.33M USD. Operating income FY2022 152.7M USD. Operating income FY2023 209.88M USD. Operating income FY2024 261.6M USD. Operating income FY2025 282.74M USD. Net income FY2021 110.47M USD. Net income FY2022 128.96M USD. Net income FY2023 176.57M USD. Net income FY2024 218.36M USD. Net income FY2025 219.95M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.08B USD1.04B USD928.73M USD767.08M USD663.64M USD
Cost of goods sold478.66M USD477.28M USD436.37M USD364.9M USD305.74M USD
Gross profit602.74M USD565.07M USD492.36M USD402.18M USD357.9M USD
Research and development145.06M USD137.69M USD126.81M USD111.88M USD97.63M USD
Selling, general, and administrative174.94M USD165.79M USD155.66M USD137.61M USD125.94M USD
Operating expenses320M USD303.48M USD282.48M USD249.48M USD223.57M USD
Interest income4.39M USD6.03M USD5.3M USD596K USD168K USD
Depreciation and amortization6.32M USD6.3M USD5.75M USD6.66M USD7.91M USD
Operating income282.74M USD261.6M USD209.88M USD152.7M USD134.33M USD
Net income219.95M USD218.36M USD176.57M USD128.96M USD110.47M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+16.45%
11 comparable reports
Latest EPS result
1.39
Estimate 1.32 · Beat by 5.30%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.511.331.150.97Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 28, 2025: actual 1.17, estimate 1.06, surprise +10.38%, Beat. Q2 2025, reported Apr 22, 2025: actual 1.19, estimate 1.03, surprise +15.53%, Beat. Q3 2025, reported Jul 22, 2025: actual 1.31, estimate 1.13, surprise +15.93%, Beat. Q4 2025, reported Oct 21, 2025: actual 1.36, estimate 1.19, surprise +14.29%, Beat. Q1 2026, reported Jan 27, 2026: actual 1.21, estimate 1.11, surprise +9.01%, Beat. Q2 2026, reported Apr 21, 2026: actual 1.24, estimate 1.1, surprise +12.73%, Beat. Q3 2026, reported Jul 28, 2026: actual 1.39, estimate 1.32, surprise +5.30%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 1.45, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates309.71M286.85M264M241.15MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 28, 2025: actual 255.8M USD, estimate 253.06M USD, surprise +1.08%, Beat. Q2 2025, reported Apr 22, 2025: actual 262.79M USD, estimate 256.51M USD, surprise +2.45%, Beat. Q3 2025, reported Jul 22, 2025: actual 272.42M USD, estimate 263.72M USD, surprise +3.30%, Beat. Q4 2025, reported Oct 21, 2025: actual 275.8M USD, estimate 271.78M USD, surprise +1.48%, Beat. Q1 2026, reported Jan 27, 2026: actual 270.39M USD, estimate 264.73M USD, surprise +2.14%, Beat. Q2 2026, reported Apr 21, 2026: actual 282.22M USD, estimate 273.7M USD, surprise +3.11%, Beat. Q3 2026, reported Jul 28, 2026: actual 297.79M USD, estimate 289.03M USD, surprise +3.03%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 296.82M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$202.33

4.45% downside
Past 12 months12-month forecastHigh $239Average $202.33Low $145

Rating distribution

15 ratings
Strong buy00%
Buy1280%
Hold320%
Sell00%
Strong sell00%

MANH news

Corporate actions

Corporate action history

Stock split

Effective Jan 13, 2014

4:1

MANH peers

ETFs holding MANH

Funds reporting this stock among their holdings, ordered by reported position size.

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