Is the business good?
How good a business is MANH?
Manhattan Associates, Inc. keeps 24% of every revenue dollar as operating profit, against 8.2% for the median Software - Application name.
24%
Operating margin · Software - Application median 8.2% · 12 months to Q2 2026
- Cash conversion
- 1.90×
Cash conversion · 1.39× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −3.4%
Share count, year on year · bought back, each share owns more of the company
- R&D as % of revenue
- 13%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | 19% |
| FY2021 | 20% |
| FY2022 | 20% |
| FY2023 | 23% |
| FY2024 | 25% |
| FY2025 | 26% |
Details›
- Gross margin12 months to Q2 2026
- 56%
- Operating margin12 months to Q2 2026
- 24%
- Net margin12 months to Q2 2026
- 19%
- Free cash flow margin
- 35%
- R&D as % of revenue
- 13%
- Revenue, trailing twelve months
- $1.13B
- Free cash flow, trailing twelve months
- $399M
- Net income, trailing twelve months
- $210M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Application
Ranks #25 of 90 by Smart Score