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Manhattan Associates Inc

Company price
256.77 USD -2.09 ( 0.81%)
Last update at 2026-11-12T15:40:00Z
VOLUME
29796
Market Cap
12221.89M
P/E
60.58

Momentum Score

…

Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. 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. The company also provides demand forecasting and replenishment, allocation, and unified business planning; technology platform including Manhattan Active Platform solutions, a cloud-native product designed to provide version-less product access; maintenance services, which offers on-premises software licensees with software upgrades for additional or improved functionality and technological advances; and professional services, such as solutions planning and implementation, and related consulting services. In addition, it provides training and change management services; and resells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals. The company offers products through direct sales personnel and partnership agreements with various organizations. It serves retail, consumer goods, food and grocery, logistics service providers, industrial and wholesale, high technology and electronics, life sciences, and government industries. The company operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Manhattan Associates, Inc. was founded in 1990 and is headquartered in Atlanta, Georgia.

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Day Price Range
255.43
Low
260.00
High
52 Week Price Range
119.06
Low
227.03
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Manhattan Associates provides supply-chain and omnichannel commerce software, including warehouse, transportation, inventory and order-management systems for retailers, distributors and logistics providers. Long-term growth may be supported by secular e-commerce expansion, supply-chain digitization and the company's shift to cloud-based subscription delivery and analytics, while investors may value recurring revenue and high customer retention.
Material risks include strong competition from larger enterprise software vendors and niche supply-chain providers, sensitivity to retail and logistics capital spending cycles, and cybersecurity or data-privacy incidents that could affect customer trust.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
258.86
Dividend Yield
-
Revenue TTM
1126.19M
Revenue Per Share
18.86
Gross Profit TTM
628.53M
Debt / Equity
0.36
ROE
96.38%
Net Debt
-216.39M
ROCE
74.55%
Diluted EPS TTM
3.46

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 285.89M 266.81M 213.67M 158.12M 134.07M
Net income 219.95M 218.36M 176.57M 128.96M 110.47M
Selling general administrative 93.76M 89.81M 81.17M 73.07M 68.09M
Selling and marketing expenses 81.17M 75.98M 74.49M 64.54M 57.85M
Gross profit 602.74M 565.07M 492.36M 408.85M 365.82M
Reconciled depreciation 6.32M 6.30M 5.75M 6.66M 7.91M
Ebit 285.89M 266.81M 213.67M 152.70M 134.33M
Ebitda 292.21M 273.12M 219.42M 154.67M 142.49M
Depreciation and amortization 6.32M 6.30M 5.75M 1.97M 8.16M
Non operating income net other - - - 4.83M -0.33M
Operating income 282.74M 261.60M 209.88M 152.70M 134.33M
Other operating expenses 798.65M 780.76M 718.84M 614.38M 529.31M
Interest expense - - - 0.60M 0.51M
Tax provision 65.95M 48.45M 33.77M 29.16M 23.60M
Interest income 4.39M 6.03M 5.30M 0.60M 0.07M
Net interest income 4.39M 6.03M 5.30M 0.60M 0.07M
Income tax expense 65.95M 48.45M 37.10M 29.16M 23.60M
Total revenue 1081.39M 1042.35M 928.73M 767.08M 663.64M
Total operating expenses 320.00M 303.48M 282.48M 256.15M 231.48M
Cost of revenue 478.66M 477.28M 436.37M 358.24M 297.83M
Total other income expense net 3.16M 5.22M 3.79M 5.42M -0.26M
Net income from continuing ops 219.95M 218.36M 165.70M 128.96M 110.47M
Net income applicable to common shares - - - 128.96M 110.47M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 839.39M 757.55M 673.35M 570.18M 539.71M
Other current assets 39.91M 26.36M 5.20M 23.14M 20.29M
Total liab 524.62M 458.43M 395.07M 343.38M 289.06M
Total stockholder equity 314.76M 299.13M 278.28M 226.80M 250.64M
Deferred long term liab - - - 21.90M 16.90M
Other current liab 95.88M 94.45M 100.58M 81.09M 76.22M
Common stock 0.60M 0.61M 0.61M 0.62M 0.63M
Capital stock 0.60M 0.61M 0.61M 0.62M 0.63M
Retained earnings 345.10M 329.44M 304.70M 253.71M 269.84M
Other liab - - - 13.72M 16.86M
Good will 62.24M 62.23M 62.23M 62.23M 62.24M
Other assets - - - 61.98M 27.89M
Cash 328.75M 266.23M 270.74M 225.46M 263.71M
Total current liabilities 455.91M 400.30M 365.92M 315.60M 249.04M
Current deferred revenue 337.05M 277.97M 237.79M 208.81M 153.20M
Net debt -216.39M -218.44M -253.05M -211.40M -240.55M
Short term debt - 3.53M 3.03M - -
Short long term debt total 112.36M 47.79M 17.69M 14.06M 23.16M
Other stockholder equity - - - -27.53M -19.83M
Property plant equipment - - - 12.80M 41.16M
Total current assets 583.34M 503.26M 479.19M 415.38M 408.42M
Net tangible assets - - - 178.63M 188.41M
Net receivables 214.68M 210.67M 182.54M 166.77M 124.42M
Inventory - - 20.71M - 19.65M
Accounts payable 22.18M 26.61M 24.51M 25.70M 19.62M
Accumulated other comprehensive income -30.93M -30.92M -27.04M -27.53M -19.83M
Common stock total equity - - - 0.62M 0.63M
Retained earnings total equity - - - 253.71M 269.84M
Non currrent assets other 44.34M 35.66M 32.45M 24.77M 20.24M
Non current assets total 256.05M 254.29M 194.16M 154.80M 131.29M
Capital lease obligations 56.18M 47.79M 17.69M 14.06M 23.16M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -8.68M -5.20M -6.59M -4.02M
Change to liabilities - - - 0.77M 52.79M
Total cashflows from investing activities -15.46M -8.68M -4.73M -6.59M -4.02M
Total cash from financing activities -315.16M -286.37M -196.05M -204.46M -120.42M
Change to operating activities - - - -10.25M -6.53M
Net income 219.95M 218.36M 176.57M 128.96M 110.47M
Change in cash 62.52M -4.51M 45.28M -38.24M 59.00M
Begin period cash flow 266.23M 270.74M 225.46M 263.71M 204.71M
End period cash flow 328.75M 266.23M 270.74M 225.46M 263.71M
Total cash from operating activities 389.47M 295.00M 246.22M 179.63M 185.18M
Depreciation 6.32M 6.30M 5.75M 6.66M 7.91M
Change to inventory - - -12.34M - -10.20M
Change to account receivables -3.58M -26.70M -13.08M -44.06M -16.65M
Sale purchase of stock -315.16M -286.37M -196.05M -204.46M -120.42M
Other cashflows from financing activities - -286.37M -4.73M -6.59M -4.02M
Change to netincome - - - 28.05M 40.86M
Capital expenditures 15.46M 8.68M 4.73M 6.59M 4.02M
Change receivables - - - -44.06M -16.65M
Cash flows other operating - - - 59.25M 46.25M
Cash and cash equivalents changes - - - -31.42M 60.75M
Change in working capital 33.87M 6.33M 19.83M 15.96M 25.94M
Stock based compensation 111.26M 93.21M 71.57M 59.36M 43.26M
Other non cash items -0.27M -0.51M 1.34M -1.60M -0.49M
Free cash flow 374.01M 286.33M 241.49M 173.04M 181.17M

Peer Comparison*

Sector: Technology Industry: Software - Application

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MANH
Manhattan Associates Inc
-2.09
0.81%
256.77 60.58 40.32 10.85 78.33 10.84 42.24
SAP
SAP SE ADR
-0.29
0.12%
233.81 28.16 22.42 6.52 4.85 5.60 16.61
CRM
Salesforce Inc
-2.48
1.14%
215.53 23.41 15.55 4.79 5.56 5.55 14.88
SAPGF
SAP SE
0.50
0.21%
234.50 76.28 22.88 5.61 3.84 5.59 26.18
SHOP
Shopify Inc
-1.14
0.76%
148.12 90.18 53.19 12.70 13.17 12.23 67.86

Profile*

Manhattan Associates Inc

Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. 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. The company also provides demand forecasting and replenishment, allocation, and unified business planning; technology platform including Manhattan Active Platform solutions, a cloud-native product designed to provide version-less product access; maintenance services, which offers on-premises software licensees with software upgrades for additional or improved functionality and technological advances; and professional services, such as solutions planning and implementation, and related consulting services. In addition, it provides training and change management services; and resells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals. The company offers products through direct sales personnel and partnership agreements with various organizations. It serves retail, consumer goods, food and grocery, logistics service providers, industrial and wholesale, high technology and electronics, life sciences, and government industries. The company operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Manhattan Associates, Inc. was founded in 1990 and is headquartered in Atlanta, Georgia.

2300 Windy Ridge Parkway, Atlanta, GA, United States, 30339

770 955 7070

4100

Name Title Year Born
Mr. Eddie Capel Pres, CEO & Director 1961
Dr. Deepak Raghavan Ph.D. Co-Founder & Independent Director 1967
Mr. Dennis B. Story Exec. VP, CFO & Treasurer 1964
Ms. Linda C. Pinne Sr. VP, Global Corp. Controller & Chief Accounting Officer 1974
Mr. Bruce S. Richards Sr. VP, Chief Legal Officer & Sec. 1955
Mr. Robert G. Howell Exec. VP of Americas 1973
Mr. Sanjeev Siotia Sr. VP & CTO NA
Ms. Ann Sung Ruckstuhl Sr. VP & Chief Marketing Officer 1963
Ms. Suzanne Hough Sr. VP & Chief People Officer NA
Mr. Raghav Sibal Managing Director of Australia & New Zealand NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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