To the full analysis
Manhattan Associates stock: growth
MANHManhattan Associates reported $1.08B in revenue for fiscal 2025, up 3.7% on the prior year, up 13% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
7.2%
per year from 2006 to 2025, per share 10.6%
Earnings (Annual rate)
13.7%
per year from 2006 to 2025, per share 17.1%
Free cash flow (Annual rate)
13.4%
per year from 2006 to 2025, per share 16.9%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 13.0% | 6.9% | 7.2% |
| Revenue per share | 14.1% | 9.0% | 10.6% |
| Earnings | 20.3% | 7.8% | 13.7% |
| Earnings per share | 21.6% | 9.9% | 17.1% |
| Free cash flow | 22.0% | 13.2% | 13.4% |
| Free cash flow per share | 23.3% | 15.4% | 16.9% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $288.87M | $19.33M | $34.48M |
| 2007 | $337.4M | $30.75M | $28.87M |
| 2008 | $337.2M | $22.8M | $56.13M |
| 2009 | $246.67M | $16.56M | $55.95M |
| 2010 | $297.12M | $28.06M | $44.1M |
| 2011 | $329.25M | $44.91M | $50.75M |
| 2012 | $376.25M | $51.85M | $67.4M |
| 2013 | $414.52M | $67.3M | $84.65M |
| 2014 | $492.1M | $82M | $84.75M |
| 2015 | $556.37M | $103.48M | $108.66M |
| 2016 | $604.56M | $124.23M | $132.5M |
| 2017 | $594.6M | $116.48M | $157.87M |
| 2018 | $559.16M | $104.69M | $130.04M |
| 2019 | $617.95M | $85.76M | $131.72M |
| 2020 | $586.37M | $87.24M | $138.16M |
| 2021 | $663.64M | $110.47M | $181.17M |
| 2022 | $767.08M | $128.96M | $173.04M |
| 2023 | $928.73M | $176.57M | $241.49M |
| 2024 | $1.04B | $218.36M | $286.33M |
| 2025 | $1.08B | $219.95M | $374.01M |
Revenue by segment
How Manhattan Associates, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Service, Other47%
- Cloud Subscriptions38%
- Maintenance12%
- Hardware2%
- License and Maintenance1%
Figures as a table
| 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|
| Service, Other | $487.87M | $525.52M | $503.04M | 46.5% |
| Cloud Subscriptions | $254.61M | $337.2M | $408.14M | 37.7% |
| Maintenance | $143.94M | $138.3M | $129.97M | 12% |
| Hardware | $24.1M | $26.24M | $25.42M | 2.4% |
| License and Maintenance | $18.21M | $15.09M | $14.82M | 1.4% |
| Total revenue | $928.73M | $1.04B | $1.08B | 100% |
Revenue by region
Where Manhattan Associates, Inc. generates its revenue.
- Americas75%
- E M E A20%
- Asia Pacific5%
Figures as a table
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|
| Americas | $465.94M | $526.22M | $603.88M | $719.2M | $802.49M | $810.43M | 74.9% |
| E M E A | $93.58M | $110.57M | $128.94M | $166.64M | $190.52M | $215.8M | 20% |
| Asia Pacific | $26.85M | $26.85M | $34.26M | $42.89M | $49.34M | $55.17M | 5.1% |
| Total revenue | $586.37M | $663.64M | $767.08M | $928.73M | $1.04B | $1.08B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 11 Apr 2025)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.