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MARKETS / NASDAQ / MANH
NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Manhattan Associates Inc. MANH

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.1B
▲ 3.7% YoY
$219.9M
▲ 0.7% YoY
$374.0M
▲ 30.6% YoY
In brief

What this company does

Manhattan Associates, Inc. develops, sells, deploys, services and maintains software solutions designed to manage supply chains, inventory and omnichannel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. As of December 31, 2025, it employed approximately 4,370 employees worldwide. Its top five customers, in the aggregate, accounted for 10%, 12%, and 11% of total revenue for the years ended December 31, 2025, 2024, and 2023, respectively. Manhattan Associates organizes its supply chain commerce solutions around three distinct areas of its customers' business. Its Supply Chain Execution offerings provide companies with the tools needed to manage distribution and optimize transportation costs throughout their commercial network. Its Omnichannel Commerce solutions provide an operating platform for digital commerce, retailers, and wholesale businesses. Its Supply Chain Planning solutions enable distributors of finished goods, such as apparel, food, automotive, and pharmaceuticals, to forecast demand and determine when, where, and how much inventory is required. Manhattan Associates was founded in 1990 in Manhattan Beach, California, and incorporated in Georgia in 1998.

Written from the business description in Manhattan Associates, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 4 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.1B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.1 · Net income 0.2
0.4B0.8B200920112013201520172019202120232025
Compound annual growth
+12.1%
+13.0%
+6.9%
+9.0%
+19.5%
+20.3%
+7.8%
+14.7%
+21.0%
+21.5%
+9.9%
+15.5%
+48.6%
+11.0%
+14.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +13.0% a year over five years — but profit grew faster: net income at +20.3%, earnings per share at +21.5%.

The share count fell from 0.06B to 0.06B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
20 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 25.9% · Net 20.3%
50%200920112013201520172019202120232025
ROE
FY2025 · ROE 71.7%
20%40%60%200920112013201520172019202120232025

Each USD of equity produced 72 cents of profit this year.

Cash & shareholders
USD 315.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 374.0
200M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 315.2
200M200920112013201520172019202120232025

USD 315.2M in buybacks — 143% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 839.4M
EquityUSD 314.8M
CashUSD 328.7M
Current ratio1.28×

Equity funds 37% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.11.00.90.80.70.60.60.60.60.60.60.50.10.10.10.30.2
Operating income $B0.30.30.20.20.10.10.10.10.20.20.20.10.10.10.10.00.0
EBITDA $B·······0.10.20.20.20.10.10.10.10.10.0
Income tax $B0.10.00.00.00.00.00.00.00.10.10.10.00.00.00.00.00.0
Net income $B0.20.20.20.10.10.10.10.10.10.10.10.10.10.10.00.00.0
Free cash flow $B0.40.30.20.20.20.10.10.10.20.10.10.10.10.10.10.00.1
EPS, diluted $3.603.512.822.031.721.361.321.581.681.721.401.080.860.640.521.250.73
Dividend / sh $·················
Payout %·················
ROE %71.775.669.954.047.148.359.365.067.768.154.845.139.232.026.015.39.1
Shares out B0.060.060.060.060.060.060.060.060.070.070.070.070.080.080.020.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 67 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 11 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inGeorgia
Fiscal year endsDecember 31
Data on record since2008

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