MANH · Manhattan Associates Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $282.21M | - | $275.80M | $272.42M | $262.79M | - | $266.68M | $265.32M | $254.55M | - |
| Cost of Revenue | $126.64M | - | $119.81M | $116.22M | $114.57M | - | $118.66M | $120.04M | $119.29M | - |
| Gross Profit | $155.57M | - | $155.98M | $156.21M | $148.22M | - | $148.02M | $145.28M | $135.26M | - |
| R&D | $37.35M | - | $36.36M | $34.87M | $35.30M | - | $34.35M | $35.33M | $35.01M | - |
| SG&A | $23.71M | - | $24.08M | $25.98M | $24.22M | - | $20.31M | $21.11M | $21.20M | - |
| Total Operating Expenses | $217.28M | - | $199.97M | $198.63M | $199.62M | - | $191.59M | $197.13M | $196.92M | - |
| D&A | $1.83M | - | $1.66M | $1.58M | $1.54M | - | $1.69M | $1.49M | $1.49M | - |
| Operating Income | $64.94M | - | $75.83M | $73.79M | $63.17M | - | $75.09M | $68.19M | $57.63M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $19.98M | - | $19.80M | $17.72M | $11.93M | - | $12.62M | $16.34M | $4.83M | - |
| Net Income | $49.30M | - | $58.63M | $56.78M | $52.58M | - | $63.78M | $52.77M | $53.80M | - |
| EPS - Basic | $0.83 | - | $0.97 | $0.94 | $0.86 | - | $1.04 | $0.86 | $0.87 | - |
| EPS - Diluted | $0.82 | - | $0.96 | $0.93 | $0.85 | - | $1.03 | $0.85 | $0.86 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $226.13M | $328.75M | $263.56M | $230.59M | $205.87M | $266.23M | $214.95M | $202.71M | $207.52M | $270.74M |
| Accounts Receivable | $227.11M | $214.68M | $219.56M | $209.84M | $210.69M | $205.47M | $199.76M | $191.23M | $205.70M | $181.17M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $22.41M | $22.18M | $21.36M | $23.90M | $24.20M | $26.61M | $23.18M | $25.58M | $26.40M | $24.51M |
| Current Assets | $515.82M | $583.34M | $525.77M | $483.35M | $455.33M | $503.26M | $452.31M | $426.15M | $445.21M | $479.19M |
| Total Assets | $740.54M | $839.39M | $768.82M | $744.68M | $708.22M | $757.55M | $698.14M | $665.31M | $674.76M | $673.35M |
| Current Liabilities | $467.40M | $455.91M | $400.41M | $407.17M | $405.02M | $400.30M | $362.24M | $362.71M | $372.02M | $365.92M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $205.18M | $314.76M | $309.22M | $278.76M | $245.09M | $299.13M | $277.95M | $240.63M | $239.61M | $278.28M |
| Retained Earnings | $240.58M | $345.10M | $338.69M | $304.48M | $274.08M | $329.44M | $303.36M | $267.77M | $266.76M | $304.70M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $84.05M | - | - | - | $75.26M | - | - | - | $54.74M | - |
| Investing Cash Flow | ($4.10M) | - | - | - | ($891.0K) | - | - | - | ($2.32M) | - |
| Financing Cash Flow | ($179.39M) | - | - | - | ($136.45M) | - | - | - | ($113.83M) | - |
| CapEx | $4.10M | - | - | - | $891.0K | - | - | - | $2.32M | - |
| Free Cash Flow | $79.94M | - | - | - | $74.37M | - | - | - | $52.42M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 55.1% | - | 56.6% | 57.3% | 56.4% | - | 55.5% | 54.8% | 53.1% | - |
| Operating margin | 23.0% | - | 27.5% | 27.1% | 24.0% | - | 28.2% | 25.7% | 22.6% | - |
| EBITDA margin | 23.7% | - | 28.1% | 27.7% | 24.6% | - | 28.8% | 26.3% | 23.2% | - |
| Net margin | 17.5% | - | 21.3% | 20.8% | 20.0% | - | 23.9% | 19.9% | 21.1% | - |
| Free cash flow margin | 28.3% | - | - | - | 28.3% | - | - | - | 20.6% | - |
| FCF / Net income | 1.62 | - | - | - | 1.41 | - | - | - | 0.97 | - |
| R&D / Revenue | 13.2% | - | 13.2% | 12.8% | 13.4% | - | 12.9% | 13.3% | 13.8% | - |
| SG&A / Revenue | 8.4% | - | 8.7% | 9.5% | 9.2% | - | 7.6% | 8.0% | 8.3% | - |
| Effective tax rate | 28.8% | - | 25.2% | 23.8% | 18.5% | - | 16.5% | 23.6% | 8.2% | - |
| Return on assets | 6.7% | - | 7.6% | 7.6% | 7.4% | - | 9.1% | 7.9% | 8.0% | - |
| Return on equity | 24.0% | - | 19.0% | 20.4% | 21.5% | - | 22.9% | 21.9% | 22.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.10 | 1.28 | 1.31 | 1.19 | 1.12 | 1.26 | 1.25 | 1.17 | 1.20 | 1.31 |
| Quick ratio | 1.10 | 1.28 | 1.31 | 1.19 | 1.12 | 1.26 | 1.25 | 1.17 | 1.20 | 1.31 |
| Cash ratio | 0.48 | 0.72 | 0.66 | 0.57 | 0.51 | 0.67 | 0.59 | 0.56 | 0.56 | 0.74 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.61 | 2.67 | 2.49 | 2.67 | 2.89 | 2.53 | 2.51 | 2.76 | 2.82 | 2.42 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.38 | - | 0.36 | 0.37 | 0.37 | - | 0.38 | 0.40 | 0.38 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 294d | - | 291d | 281d | 293d | - | 273d | 263d | 295d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 65d | - | 65d | 75d | 77d | - | 71d | 78d | 81d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 162.3x | - | 213.5x | 212.3x | 203.6x | - | 273.2x | 290.2x | 291.0x | - |
| P / B | 39.0x | - | 40.4x | 43.3x | 43.4x | - | 62.7x | 63.7x | 65.3x | - |
| P / S | 28.3x | - | 45.3x | 44.3x | 40.5x | - | 65.4x | 57.8x | 61.4x | - |
| EV / EBITDA | 116.3x | - | 157.8x | 157.0x | 161.3x | - | 224.2x | 217.0x | 261.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.4% | - | 3.4% | 2.7% | 3.2% | - | 11.8% | 14.8% | 15.2% | - |
| Revenue CAGR (3y) | 8.5% | - | 11.7% | 12.4% | 13.7% | - | 16.4% | 16.9% | 17.5% | - |
| Revenue CAGR (5y) | 12.5% | - | 13.0% | 15.0% | 11.3% | - | 10.4% | 11.4% | 11.4% | - |
| Gross profit growth (YoY) | 5.0% | - | 5.4% | 7.5% | 9.6% | - | 16.6% | 18.9% | 15.2% | - |
| Operating income growth (YoY) | 2.8% | - | 1.0% | 8.2% | 9.6% | - | 40.5% | 35.1% | 22.4% | - |
| Net income growth (YoY) | -6.3% | - | -8.1% | 7.6% | -2.3% | - | 29.1% | 33.2% | 38.7% | - |
| EPS growth (YoY) | -3.5% | - | -6.8% | 9.4% | -1.2% | - | 30.4% | 34.9% | 38.7% | - |
| EPS CAGR (3y) | 9.8% | - | 26.9% | 23.8% | 21.0% | - | 21.8% | 21.0% | 34.9% | - |
| EPS CAGR (5y) | 18.6% | - | 19.7% | 25.4% | 19.4% | - | 19.7% | 21.6% | 21.9% | - |
| FCF growth (YoY) | 7.5% | - | - | - | 41.9% | - | - | - | -9.7% | - |
| FCF CAGR (5y) | 15.3% | - | - | - | 48.4% | - | - | - | 0.7% | - |
| Book value growth (YoY) | -16.3% | 5.2% | 11.2% | 15.8% | 2.3% | 7.5% | 32.3% | 41.1% | 32.3% | 22.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$1.08B totalService Other$503.04M · 46.5%
Cloud Subscriptions$408.14M · 37.7%
Maintenance$129.97M · 12.0%
Hardware$25.42M · 2.4%
License And Maintenance$14.82M · 1.4%
Geographic
$1.45B totalAmericas$810.43M · 55.7%
Non Us$373.50M · 25.7%
EMEA$215.80M · 14.8%
Asia Pacific$55.17M · 3.8%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing MANHATTAN ASSOCIATES INC against the 5 most active filers in the same SIC group.