Stocks · Technology · Software - Application
Manhattan Associates, Inc. MANH
$205.45 +0.64% Close, Oct 5, 2026 · NASDAQ · Market cap $11.90B
High quality
Next earnings report: Oct 27, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +10.3%).
- The stock is in an uptrend: above its 200-day average for 50 trading days, with the 50-day average above the 200-day.
- Revenue over the last four quarters was $1.13B, up 6.5% from a year earlier.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 32%
- EPS growth (TTM, YoY)Bottom 34%
- FCF growth (TTM, YoY)Top 41%
- Revenue growth, 3-year CAGRTop 36%
- Revenue growth accelerationTop 38%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 1%
- Gross marginTop 46%
- Operating marginTop 12%
- Cash conversion (OCF / net income)Top 40%
- Accruals (lower is better)Top 8%
- Net debt / EBITDA (lower is better)Top 35%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 43%
- Free-cash-flow yieldTop 44%
- EBITDA / enterprise valueBottom 45%
- Sales / enterprise valueBottom 22%
- P/E vs own 5-year history (lower is better)Top 30%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 45%
- 6-month returnTop 28%
- 1-year return vs S&P 500Bottom 49%
- Distance from 52-week highTop 19%
- Trend checklist (0–4)Top 46%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 44%
- Consecutive EPS beatsTop 9%
- Share of analysts rating BuyTop 36%
- Upside to consensus price targetBottom 21%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 40%
- Maximum drawdown, 3 yearsTop 50%
- Beta vs S&P 500 (lower is better)Top 36%
- Net debt / EBITDA (lower is better)Top 35%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 4.8% | 6.5% | ↑ |
| EPS growth (YoY) | 2.0% | -2.5% | ↓ |
| Gross margin | 55.8% | 54.6% | ↓ |
| Operating margin | 25.8% | 24.3% | ↓ |
| FCF margin | 29.1% | 35.4% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 6.5% | 4.8% | ↑ | Bottom 32% |
| EPS growth (TTM, YoY) | -2.5% | 2.0% | ↓ | Bottom 34% |
| Gross margin | 54.6% | 55.8% | ↓ | Top 46% |
| Operating margin | 24.3% | 25.8% | ↓ | Top 12% |
| Net margin | 18.7% | 20.9% | ↓ | — |
| Free-cash-flow margin | 35.4% | 29.1% | ↑ | — |
| Return on invested capital | 90.9% | — | Top 1% | |
| Revenue growth, 3-year CAGR | 12.1% | — | Top 36% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.97×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -29.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 9.6%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -2.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.46×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 3.65%
- Shareholder yield
- 3.65%
- Share count change, 1 year
- -2.6%
- Share count change, 3-year CAGR
- -1.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +10.3%
- Average 2-day reaction, last 8
- +1.0%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $210.50
- Target vs current price
- +2.5%
- Analysts with a rating
- 15
- Share rating Buy or Strong Buy
- 73%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +5.3% | +5.6% | +17.5% | +33.8% | — |
| Apr 21, 2026 | +12.7% | +0.8% | +3.0% | +2.2% | +21.9% |
| Jan 27, 2026 | +9.0% | -4.3% | -15.0% | -24.8% | -19.4% |
| Oct 21, 2025 | +14.3% | +2.3% | -5.9% | -14.5% | -12.2% |
| Jul 22, 2025 | +15.9% | +1.5% | +10.9% | +8.6% | +0.4% |
| Apr 22, 2025 | +15.5% | +1.1% | +8.6% | +20.3% | +27.0% |
| Jan 28, 2025 | +10.4% | +2.4% | -30.5% | -38.2% | -40.3% |
| Oct 22, 2024 | +27.4% | -1.1% | -6.8% | -8.1% | -7.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $1.39 | $1.32 | +5.3% | $297.8M |
| Apr 21, 2026 | $1.24 | $1.10 | +12.7% | $282.2M |
| Jan 27, 2026 | $1.21 | $1.11 | +9.0% | $270.4M |
| Oct 21, 2025 | $1.36 | $1.19 | +14.3% | $275.8M |
| Jul 22, 2025 | $1.31 | $1.13 | +15.9% | $272.4M |
| Apr 22, 2025 | $1.19 | $1.03 | +15.5% | $262.8M |
| Jan 28, 2025 | $1.17 | $1.06 | +10.4% | $255.8M |
| Oct 22, 2024 | $1.35 | $1.06 | +27.4% | $266.7M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 58.9× | 71.6× | 29th | Top 43% |
| P/E (forward) | 37.4× | — | — | — |
| EV / EBITDA | 40.6× | — | — | Bottom 45% |
| EV / Sales | 10.45× | — | — | Bottom 22% |
| Free-cash-flow yield | 3.35% | — | — | Top 44% |
| Earnings yield | 1.70% | — | — | Top 43% |
P/E over the past five years
Range 38.5× – 105.3× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +2.0%
- Earnings per share growth (TTM)
- -2.5%
- Change in P/E multiple
- -9.8%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 3
- Days above the 200-day average
- 50
- 50-day average slope (20 days)
- +11.7%
- 200-day average slope (20 days)
- +2.0%
- Distance from 50-day average
- +0.8%
- Distance from 200-day average
- +27.3%
- RSI (14)
- 50.2
- Relative volume
- 1.00×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 55.2%
- Volatility vs own 5-year history
- 90th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.21
- Correlation with S&P 500
- 0.41
- Current drawdown from 1-year high
- -8.2%
- Maximum drawdown, 3 years
- -61.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 12, 2024 | Apr 10, 2026 | -61.0% | 330 days | Not yet recovered |
| Nov 2, 2021 | Nov 9, 2022 | -41.4% | 257 days | 140 days (Jun 2, 2023) |
| Mar 7, 2024 | Apr 30, 2024 | -22.5% | 37 days | 92 days (Sep 11, 2024) |
| Feb 11, 2021 | Mar 8, 2021 | -21.4% | 16 days | 67 days (Jun 11, 2021) |
| Oct 15, 2020 | Nov 2, 2020 | -18.1% | 12 days | 32 days (Dec 17, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $11.90B
- P/E (TTM)
- 58.9
- EPS, diluted (TTM)
- $3.49
- Revenue (TTM)
- $1.13B
- 52-week range
- $119.06 – $227.03
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $663.6M | $767.1M | $928.7M | $1.04B | $1.08B |
| Gross profit | $357.9M | $402.2M | $492.4M | $565.1M | $602.7M |
| Operating income | $134.3M | $152.7M | $209.9M | $261.6M | $282.7M |
| Net income | $110.5M | $129.0M | $176.6M | $218.4M | $219.9M |
| EPS (diluted) | $1.72 | $2.03 | $2.82 | $3.51 | $3.60 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $266.7M | $255.8M | $262.8M | $272.4M | $275.8M | $270.4M | $282.2M | $297.8M |
| Net income | $63.8M | $48.0M | $52.6M | $56.8M | $58.6M | $52.0M | $49.3M | $50.4M |
| EPS (diluted) | $1.03 | $0.77 | $0.85 | $0.93 | $0.96 | $0.86 | $0.82 | $0.85 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $185.2M | $179.6M | $246.2M | $295.0M | $389.5M |
| Capital expenditure | -$4.0M | -$6.6M | -$4.7M | -$8.7M | -$15.5M |
| Free cash flow | $181.2M | $173.0M | $241.5M | $286.3M | $374.0M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$120.4M | -$204.5M | -$196.0M | -$286.4M | -$315.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $186.1M
- Total assets
- $698.6M
- Total liabilities
- $541.1M
- Total debt
- $53.9M
- Net debt
- -$132.2M
- Shareholders’ equity
- $157.5M
As of Jun 30, 2026 (filed Jul 31, 2026).
Short interest
- Shares sold short
- 2,951,267
- Days to cover
- 4.99
- Change vs previous report
- +5.9%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jan 13, 2014
- 4-for-1