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Manhattan Associates, Inc.

MANHTechnologyNASDAQ

Software - Application · Last scanned Jun 3, 2026

PriceMA150MA200
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Financials · Annual
Revenue
$1.08B
+3.7% YoY
Net Income
$219.9M
+0.7% YoY
EBITDA
$289.1M
+7.9% YoY
Free Cash Flow
$295.0M

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About Manhattan Associates, Inc.

Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. Valued at $9.17B, MANH is a mid-cap name in its sector. It offers warehouse management solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and transportation management solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, call center, POS, and customer engagement tools for enterprises and stores.

Key stats
Market Cap$9.17B
P/E (TTM)43.31
Fwd P/E26.05
EPS$3.58
Beta0.95
52W Change-18.8%
ROE96.2%
Analysis

The balance sheet looks solid with $226.1M in cash comfortably exceeding the $55.7M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company generates $295.0M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 96.2%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 24.3% further supports the picture of efficient asset utilization. Revenue has grown from $767.1M (2022) to $1.08B (2025), reflecting a 41% increase over the period.

With cash comfortably exceeding debt, MANH has financial flexibility that may help navigate uncertain periods. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing MANH.

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