📊 MANH Key Takeaways
Is Manhattan Associates Inc. (MANH) a Good Investment?
Manhattan Associates demonstrates strong financial health with exceptional free cash flow generation (28.3% FCF margin), zero debt, and a substantial cash position ($226.1M). However, the credibility of fundamentals is significantly undermined by a massive claimed revenue growth (+24,538.7% YoY) that contradicts flat net income growth (0.0% YoY), suggesting either data quality issues, unsustainable acquisition-driven growth, or severe margin compression. The missing gross profit/margin data and incomplete liability reporting prevent full assessment.
Manhattan Associates shows strong underlying fundamentals, with high operating and net margins, excellent free cash flow generation, and a debt-free balance sheet supported by a large cash position. Returns on equity and assets are very strong, but the reported revenue growth appears distorted by data quality issues, so the core case depends on sustaining profitability and cash conversion rather than headline growth.
Why Buy Manhattan Associates Inc. Stock? MANH Key Strengths
- Exceptional free cash flow generation ($79.9M) with 28.3% FCF margin demonstrates underlying business quality
- fortress balance sheet with zero debt, $226.1M cash position, and strong ROE of 24.0%
- Solid operating margins (23.0%) and net margins (17.5%) indicate profitable core operations
- Minimal capital requirements ($4.1M capex) enable cash generation and flexibility
- High profitability with 25.9% operating margin and 20.3% net margin
- Excellent cash generation, with $374.01M of free cash flow and a 34.6% FCF margin
- Strong financial health from $328.75M in cash and essentially no leverage
MANH Stock Risks: Manhattan Associates Inc. Investment Risks
- Massive revenue growth claim (+24,538.7%) contradicted by zero net income growth - suggests data error, low-quality acquisition growth, or severe margin compression
- Critical missing financial data: gross profit/margin, total liabilities, long-term debt prevents complete financial assessment
- Tight liquidity ratios (1.10x current and quick ratios) despite large cash balance suggests working capital constraints
- Flat earnings growth despite claimed exponential revenue growth indicates deteriorating profitability trends and questionable growth quality
- 28 insider Form 4 filings in 90 days may indicate uncertainty or significant management activity
- Reported revenue growth of +24538.7% suggests possible comparability or data-quality distortion
- Current ratio of 1.28x is adequate but not especially conservative for short-term liquidity
- Very high ROE may be partly driven by a relatively small equity base rather than purely stronger operating performance
Key Metrics to Watch
- Net income and operating income trends to validate revenue growth sustainability
- Gross margin and gross profit to assess actual business profitability quality
- Free cash flow continuation and conversion rate from net income
- Total liabilities and debt levels to complete balance sheet assessment
- Recurring revenue growth and revenue normalization across comparable periods
- Free cash flow margin and operating margin sustainability
Manhattan Associates Inc. (MANH) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 28.3% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments.
MANH Profit Margin, ROE & Profitability Analysis
MANH vs Technology Sector: How Manhattan Associates Inc. Compares
How Manhattan Associates Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Manhattan Associates Inc. Stock Overvalued? MANH Valuation Analysis 2026
Based on fundamental analysis, Manhattan Associates Inc. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Manhattan Associates Inc. Balance Sheet: MANH Debt, Cash & Liquidity
MANH Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Manhattan Associates Inc.'s revenue has grown significantly by 63% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.82 reflects profitable operations.
MANH Revenue Growth, EPS Growth & YoY Performance
MANH Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $262.8M | $49.3M | $0.82 |
| Q3 2025 | $266.7M | $58.6M | $0.96 |
| Q2 2025 | $265.3M | $52.8M | $0.85 |
| Q1 2025 | $254.6M | $52.6M | $0.85 |
| Q3 2024 | $238.4M | $49.4M | $0.79 |
| Q2 2024 | $231.0M | $39.6M | $0.63 |
| Q1 2024 | $221.0M | $38.8M | $0.62 |
| Q3 2023 | $198.1M | $29.7M | $0.47 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Manhattan Associates Inc. Dividends, Buybacks & Capital Allocation
MANH SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Manhattan Associates Inc. (CIK: 0001056696)
📋 Recent SEC Filings
❓ Frequently Asked Questions about MANH
What is the AI rating for MANH?
Manhattan Associates Inc. (MANH) has a Combined AI Rating of BUY from Claude (HOLD) and ChatGPT (BUY) with 68% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are MANH's key strengths?
Claude: Exceptional free cash flow generation ($79.9M) with 28.3% FCF margin demonstrates underlying business quality. fortress balance sheet with zero debt, $226.1M cash position, and strong ROE of 24.0%. ChatGPT: High profitability with 25.9% operating margin and 20.3% net margin. Excellent cash generation, with $374.01M of free cash flow and a 34.6% FCF margin.
What are the risks of investing in MANH?
Claude: Massive revenue growth claim (+24,538.7%) contradicted by zero net income growth - suggests data error, low-quality acquisition growth, or severe margin compression. Critical missing financial data: gross profit/margin, total liabilities, long-term debt prevents complete financial assessment. ChatGPT: Reported revenue growth of +24538.7% suggests possible comparability or data-quality distortion. Current ratio of 1.28x is adequate but not especially conservative for short-term liquidity.
What is MANH's revenue and growth?
Manhattan Associates Inc. reported revenue of $282.2M.
Does MANH pay dividends?
Manhattan Associates Inc. does not currently pay dividends.
Where can I find MANH SEC filings?
Official SEC filings for Manhattan Associates Inc. (CIK: 0001056696) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MANH's EPS?
Manhattan Associates Inc. has a diluted EPS of $0.82.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is MANH a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Manhattan Associates Inc. has a BUY rating with 68% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is MANH stock overvalued or undervalued?
Valuation metrics for MANH: ROE of 24.0% (sector avg: 22%), net margin of 17.5% (sector avg: 18%). Higher ROE suggests strong returns relative to peers.
Should I buy MANH stock in 2026?
Our dual AI analysis gives Manhattan Associates Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is MANH's free cash flow?
Manhattan Associates Inc.'s operating cash flow is $84.0M, with capital expenditures of $4.1M. FCF margin is 28.3%.
How does MANH compare to other Technology stocks?
Vs Technology sector averages: Net margin 17.5% (avg: 18%), ROE 24.0% (avg: 22%), current ratio 1.10 (avg: 2.5).