Company Analysis

Manhattan Associates, Inc. (MANH)

Nasdaq: MANH · Services-Prepackaged Software · Atlanta, GA · filing with the SEC since 1998
Grade6.0
◀ Past 6.4● Present 6.8▶ Future 5.1

The grade of Manhattan Associates, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.0/10
◀ Past6.425% of the headline
● Present6.835% of the headline
▶ Future5.140% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.4/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.3/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 22% of this tense · 73rd percentile among 230 sector filers · read for itself

From the record

Manhattan Associates, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.4/10

What has it actually done, year after year?

+6.7% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 44th percentile among 213 sector filers · read for its customers

From the record

Manhattan Associates, Inc.'s 10 filed years say what it did: revenue went from $605 million in fiscal 2016 to $1.1 billion in fiscal 2025, up 6.7% a year; it rose in 6 of 9 years; the deepest fall was 8% from fiscal 2016 to fiscal 2018; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span6.7%bottom 23% of its family
  • the share of years revenue rosebottom 24% of its family
  • the share of filed years with a profittop 7% of its family
  • the deepest fall from a revenue peak7.5%bottom 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.5/10

How has it treated the people who own it?

Share count shrank 1.3% a year. 86% of cash flow returned. Insiders: 7 sales, 0 purchases.

weight 33% of this tense · 85th percentile among 152 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Manhattan Associates, Inc.'s diluted share count shrank about 1.3% a year, and dividends and buybacks returned about 86% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 7 sales and 0 purchases of their own stock on the open market in the year to 2026-11-04 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 14% of its family
  • cash returned against operating cash flowtop 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.8/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
7.6/10

Is it financially healthy right now?

ROE 70%: 70¢ of profit per shareholder dollar. Leverage 63%: owes 63¢ per asset dollar.

weight 45% of this tense · 76th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Manhattan Associates, Inc. earned about 70 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 73 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 63 cents per dollar of assets, and net share issuance: its share count shrank 1.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 30% of its family
  • return on equitytop 4% of its family
  • gross profit against assetstop 8% of its family
  • the share count against the year beforetop 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.0/10

How strong is its position in its industry?

top 30% of 218 in its family; net margin 20.3%.

weight 33% of this tense · 70th percentile among 218 sector filers · read for its customers

From the record

Manhattan Associates, Inc.'s standing among 218 graded names in its industry family: revenue of $1.1 billion in fiscal 2025 ranks in the top 27% by size; a net margin of 20.3% ranks in the top 14%; revenue growth of 12.1% a year over the last 3 filed years ranks in the top 49% (its annual reports).

What it rests on

  • revenue against the family$1.08Btop 27% of its family
  • net margin20.3%top 14% of its family
  • three-year revenue growth12.1%top 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.7/10

What are the people in charge doing?

bottom 47% of 139 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 47th percentile among 139 sector filers · read for its shareholders

From the record

Manhattan Associates, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Clark, Eric Andrew (President & CEO, as filed), filing under that title since 2025-02-14, 1.7 years (bottom 23% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 10.8 years (top 7%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 24%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge10 in three years among 13 peoplebottom 24% of its family
  • the median years the people in charge have filed10.8 yearstop 7% of its family
  • the chief executive's years on the record1.7 yearsbottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.1/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.8/10

How much room does it have to grow?

top 42% of 216 in its family for room to expand.

weight 22% of this tense · 58th percentile among 216 sector filers · read for itself

From the record

Manhattan Associates, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $329 million against no long-term debt tagged leaves 39.2% of its assets as net cash, top 15% of its family; cash from operations less capital spending is 34.6% of revenue (top 9%); a gross margin of 56.3% (bottom 30%); research spending of 13.4% of revenue (bottom 26%) (its annual report).

What it rests on

  • cash less debt against assets39.2%top 15% of its family
  • cash from operations less capital spending against revenue34.6%top 9% of its family
  • gross margin56.3%bottom 30% of its family
  • research spending against revenue13.4%bottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.4/10

What could actually drive growth from here?

top 36% of 213 in its family for growth drivers.

weight 45% of this tense · 64th percentile among 213 sector filers · read for its customers

From the record

Manhattan Associates, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 12.1% a year over the last three filed years against 6.7% over all 10, speeding up (top 6% of its family); the newest year grew 3.7% (bottom 27%); research spending grew 9% a year (top 46%); capital spending grew 32.9% a year (top 19%) (its annual reports). Manhattan Associates, Inc. reported 5 product lines in fiscal 2025: Service Other at $503 million (47%), Cloud Subscriptions at $408 million (38%), Maintenance at $130 million (12%), and 2 more; 1 of 5 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+5.4 points a yeartop 6% of its family
  • the newest year's revenue growth3.7%bottom 27% of its family
  • three-year growth of research spending9.0%top 46% of its family
  • three-year growth of capital spending32.9%top 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.9/10

Did its newest year beat what its own record pointed to?

bottom 29% of 194 in its family for expectations against reality.

weight 33% of this tense · 29th percentile among 194 sector filers · read for its shareholders

From the record

Manhattan Associates, Inc.'s newest year against its own record: revenue of $1.1 billion in fiscal 2025 came in 11% below the $1.2 billion its prior three years' pace pointed to (bottom 14% of its family); net income of $220 million against a prior three-year average of $175 million (bottom 41%); a net margin of 20.3% against 18.9% before (bottom 32%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-11.0%bottom 14% of its family
  • net income against the prior three years' average+26%bottom 41% of its family
  • net margin against its prior average+1.4 pointsbottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MANH · research, not advice