📊 MANH Key Takeaways
Is Manhattan Associates Inc. (MANH) a Good Investment?
Manhattan Associates demonstrates exceptional financial health with outstanding profitability metrics (20.3% net margin, 25.9% operating margin) and exceptional capital efficiency (69.9% ROE, 26.2% ROA). The company generates substantial free cash flow ($374M, 34.6% FCF margin) with minimal leverage and fortress-like balance sheet ($328.7M cash, 0.0x debt/equity), positioning it for sustainable growth and shareholder returns.
Manhattan Associates shows strong underlying fundamentals, with high operating and net margins, excellent free cash flow generation, and a debt-free balance sheet supported by a large cash position. Returns on equity and assets are very strong, but the reported revenue growth appears distorted by data quality issues, so the core case depends on sustaining profitability and cash conversion rather than headline growth.
Why Buy Manhattan Associates Inc. Stock? MANH Key Strengths
- Exceptional profitability with 20.3% net margin and 25.9% operating margin indicating strong pricing power and operational efficiency
- Outstanding capital efficiency metrics: 69.9% ROE and 26.2% ROA demonstrate excellent returns on invested capital
- Robust free cash flow generation of $374M (34.6% FCF margin) with minimal capital intensity ($15.5M capex)
- Fortress balance sheet with $328.7M in cash, zero net debt, and strong liquidity (1.28x current ratio)
- Sustained growth in diluted EPS (+2.6% YoY) despite massive revenue expansion indicates operational leverage
- High profitability with 25.9% operating margin and 20.3% net margin
- Excellent cash generation, with $374.01M of free cash flow and a 34.6% FCF margin
- Strong financial health from $328.75M in cash and essentially no leverage
MANH Stock Risks: Manhattan Associates Inc. Investment Risks
- Exceptional revenue growth of 24,538.7% YoY appears anomalous and warrants verification for accounting changes, acquisitions, or data reporting changes
- Missing gross margin data limits visibility into cost structure and pricing sustainability
- High insider trading activity (26 Form 4 filings in 90 days) requires monitoring for potential sell signals
- Reliance on single-digit interest coverage and high equity valuation creates vulnerability to operational disruptions
- Software sector exposed to competitive pressures and technology disruption risks
- Reported revenue growth of +24538.7% suggests possible comparability or data-quality distortion
- Current ratio of 1.28x is adequate but not especially conservative for short-term liquidity
- Very high ROE may be partly driven by a relatively small equity base rather than purely stronger operating performance
Key Metrics to Watch
- Operating margin trend and sustainability of 25.9% profitability level
- Free cash flow consistency and capital allocation decisions with fortress cash balance
- Revenue growth normalization trajectory and underlying organic growth rates
- Return on equity stability and capital efficiency maintenance
- Insider transaction patterns and insider confidence indicators
- Recurring revenue growth and revenue normalization across comparable periods
- Free cash flow margin and operating margin sustainability
Manhattan Associates Inc. (MANH) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 34.6% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments.
MANH Profit Margin, ROE & Profitability Analysis
MANH vs Technology Sector: How Manhattan Associates Inc. Compares
How Manhattan Associates Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Manhattan Associates Inc. Stock Overvalued? MANH Valuation Analysis 2026
Based on fundamental analysis, Manhattan Associates Inc. appears fundamentally strong relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Manhattan Associates Inc. Balance Sheet: MANH Debt, Cash & Liquidity
MANH Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Manhattan Associates Inc.'s revenue has grown significantly by 63% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.82 reflects profitable operations.
MANH Revenue Growth, EPS Growth & YoY Performance
MANH Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $266.7M | $58.6M | $0.96 |
| Q2 2025 | $265.3M | $52.8M | $0.85 |
| Q1 2025 | $254.6M | $52.6M | $0.85 |
| Q3 2024 | $238.4M | $49.4M | $0.79 |
| Q2 2024 | $231.0M | $39.6M | $0.63 |
| Q1 2024 | $221.0M | $38.8M | $0.62 |
| Q3 2023 | $198.1M | $29.7M | $0.47 |
| Q2 2023 | $191.9M | $30.8M | $0.49 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Manhattan Associates Inc. Dividends, Buybacks & Capital Allocation
MANH SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Manhattan Associates Inc. (CIK: 0001056696)
📋 Recent SEC Filings
❓ Frequently Asked Questions about MANH
What is the AI rating for MANH?
Manhattan Associates Inc. (MANH) has a Combined AI Rating of BUY from Claude (STRONG BUY) and ChatGPT (BUY) with 86% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are MANH's key strengths?
Claude: Exceptional profitability with 20.3% net margin and 25.9% operating margin indicating strong pricing power and operational efficiency. Outstanding capital efficiency metrics: 69.9% ROE and 26.2% ROA demonstrate excellent returns on invested capital. ChatGPT: High profitability with 25.9% operating margin and 20.3% net margin. Excellent cash generation, with $374.01M of free cash flow and a 34.6% FCF margin.
What are the risks of investing in MANH?
Claude: Exceptional revenue growth of 24,538.7% YoY appears anomalous and warrants verification for accounting changes, acquisitions, or data reporting changes. Missing gross margin data limits visibility into cost structure and pricing sustainability. ChatGPT: Reported revenue growth of +24538.7% suggests possible comparability or data-quality distortion. Current ratio of 1.28x is adequate but not especially conservative for short-term liquidity.
What is MANH's revenue and growth?
Manhattan Associates Inc. reported revenue of $1.1B.
Does MANH pay dividends?
Manhattan Associates Inc. does not currently pay dividends.
Where can I find MANH SEC filings?
Official SEC filings for Manhattan Associates Inc. (CIK: 0001056696) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MANH's EPS?
Manhattan Associates Inc. has a diluted EPS of $3.60.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is MANH a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Manhattan Associates Inc. has a BUY rating with 86% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is MANH stock overvalued or undervalued?
Valuation metrics for MANH: ROE of 69.9% (sector avg: 22%), net margin of 20.3% (sector avg: 18%). Higher ROE suggests strong returns relative to peers.
Should I buy MANH stock in 2026?
Our dual AI analysis gives Manhattan Associates Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is MANH's free cash flow?
Manhattan Associates Inc.'s operating cash flow is $389.5M, with capital expenditures of $15.5M. FCF margin is 34.6%.
How does MANH compare to other Technology stocks?
Vs Technology sector averages: Net margin 20.3% (avg: 18%), ROE 69.9% (avg: 22%), current ratio 1.28 (avg: 2.5).
Why is MANH's return on equity (ROE) so high?
Manhattan Associates Inc. has a return on equity of 69.9%, significantly above the Technology sector average of 22%. A high ROE indicates the company is efficient at generating profits from shareholder equity. This is supported by a 20.3% net margin.