MANManpowerGroup Inc.

$33.81

Is it safe?

Can MAN take a bad year?

ManpowerGroup Inc. carries $922M of net debt at 4.45× EBITDA: a heavy load to carry through a bad year.

$922M

Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
4.45×

Net debt / EBITDA · 2.07× a year ago · the load is going up

Altman Z-score
2.79

Altman Z-score · grey zone, between 1.8 and 3

Cash runway
1.7 years

Cash runway · burning $32M a quarter at the current rate

Details
Total debtQ1 2026
$1.15B
Cash and short-term investments
$225M
Net debt
$922M
EBITDA, trailing twelve months
$207M
Operating profit, trailing twelve months
$150M
Debt / equity
0.56×
Total debt / EBITDA
5.54×
Annualised volatilitytwo years of daily moves
52%
Worst drawdown on file
−75%
Below its 52-week high
−0.34%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.