Comprehensive Stock Comparison
Compare Manhattan Associates, Inc. (MANH) vs Apple Inc. (AAPL) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | AAPL | 6.4% revenue growth vs MANH's 3.7% |
| Value | MANH | Lower P/E (26.0x vs 31.1x), PEG 1.21 vs 1.74 |
| Quality / Margins | AAPL | 27.0% net margin vs MANH's 20.3% |
| Stability / Safety | AAPL | Beta 1.28 vs MANH's 1.37 |
| Dividends | AAPL | 0.4% yield; 14-year raise streak; MANH pays no meaningful dividend |
| Momentum (1Y) | AAPL | +9.7% vs MANH's -23.4% |
| Efficiency (ROA) | AAPL | 31.1% ROA vs MANH's 26.2%, ROIC 64.5% vs 236.8% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Valuation efficiency (growth/$)
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Manhattan Associates is a supply chain and omnichannel commerce software provider that helps companies manage inventory, logistics, and retail operations. It generates revenue primarily through software license sales (~40%), maintenance and support services (~35%), and professional implementation services (~25%). The company's competitive advantage lies in its deep domain expertise and integrated platform approach—spanning warehouse management, transportation, and omnichannel solutions—which creates switching costs for enterprise clients.
Apple is a technology giant that designs and sells premium consumer electronics — most famously the iPhone — along with related software and services. It generates revenue primarily from hardware sales (roughly 80% of total) and a fast-growing services segment (around 20%) that includes the App Store, subscriptions, and licensing. Its key competitive advantage is a powerful ecosystem that locks users into its hardware, software, and services through seamless integration and high switching costs.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
AAPL leads in 4 of 6 categories (Financial Metrics, Total Returns). MANH leads in 2 (Valuation Metrics, Profitability & Efficiency).
Financial Metrics (TTM)
AAPL is the larger business by revenue, generating $435.6B annually — 402.8x MANH's $1.1B. AAPL is the more profitable business, keeping 27.0% of every revenue dollar as net income compared to MANH's 20.3%. On growth, AAPL holds the edge at +15.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | MANHManhattan Associa… | AAPLApple Inc. |
|---|---|---|
| RevenueTrailing 12 months | $1.1B | $435.6B |
| EBITDAEarnings before interest/tax | $286M | $152.9B |
| Net IncomeAfter-tax profit | $220M | $117.8B |
| Free Cash FlowCash after capex | $374M | $123.3B |
| Gross MarginGross profit ÷ Revenue | +55.9% | +47.3% |
| Operating MarginEBIT ÷ Revenue | +25.9% | +32.4% |
| Net MarginNet income ÷ Revenue | +20.3% | +27.0% |
| FCF MarginFCF ÷ Revenue | +34.6% | +28.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +5.7% | +15.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +11.7% | +18.3% |
Valuation Metrics
At 35.4x trailing earnings, AAPL trades at a 6% valuation discount to MANH's 37.6x P/E. Adjusting for growth (PEG ratio), MANH offers better value at 1.75x vs AAPL's 1.98x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | MANHManhattan Associa… | AAPLApple Inc. |
|---|---|---|
| Market CapShares × price | $8.1B | $3.88T |
| Enterprise ValueMkt cap + debt − cash | $7.9B | $3.97T |
| Trailing P/EPrice ÷ TTM EPS | 37.62x | 35.41x |
| Forward P/EPrice ÷ next-FY EPS est. | 25.97x | 31.15x |
| PEG RatioP/E ÷ EPS growth rate | 1.75x | 1.98x |
| EV / EBITDAEnterprise value multiple | 27.29x | 27.45x |
| Price / SalesMarket cap ÷ Revenue | 7.49x | 9.33x |
| Price / BookPrice ÷ Book value/share | 26.27x | 53.76x |
| Price / FCFMarket cap ÷ FCF | 21.67x | 39.33x |
Profitability & Efficiency
AAPL delivers a 133.5% return on equity — every $100 of shareholder capital generates $134 in annual profit, vs $70 for MANH. MANH carries lower financial leverage with a 0.36x debt-to-equity ratio, signaling a more conservative balance sheet compared to AAPL's 1.67x. On the Piotroski fundamental quality scale (0–9), AAPL scores 7/9 vs MANH's 6/9, reflecting strong financial health.
| Metric | MANHManhattan Associa… | AAPLApple Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +69.9% | +133.5% |
| ROA (TTM)Return on assets | +26.2% | +31.1% |
| ROICReturn on invested capital | +2.4% | +64.5% |
| ROCEReturn on capital employed | +76.3% | +69.6% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.36x | 1.67x |
| Net DebtTotal debt minus cash | -$216M | $89.7B |
| Cash & Equiv.Liquid assets | $329M | $33.5B |
| Total DebtShort + long-term debt | $112M | $123.3B |
| Interest CoverageEBIT ÷ Interest expense | — | — |
Total Returns (with DRIP)
A $10,000 investment in AAPL five years ago would be worth $21,049 today (with dividends reinvested), compared to $10,428 for MANH. Over the past 12 months, AAPL leads with a +9.7% total return vs MANH's -23.4%. The 3-year compound annual growth rate (CAGR) favors AAPL at 21.9% vs MANH's -2.0% — a key indicator of consistent wealth creation.
| Metric | MANHManhattan Associa… | AAPLApple Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -19.0% | -2.4% |
| 1-Year ReturnPast 12 months | -23.4% | +9.7% |
| 3-Year ReturnCumulative with dividends | -5.8% | +81.2% |
| 5-Year ReturnCumulative with dividends | +4.3% | +110.5% |
| 10-Year ReturnCumulative with dividends | +145.1% | +1027.4% |
| CAGR (3Y)Annualised 3-year return | -2.0% | +21.9% |
Risk & Volatility
AAPL is the less volatile stock with a 1.28 beta — it tends to amplify market swings less than MANH's 1.37 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. AAPL currently trades 91.5% from its 52-week high vs MANH's 54.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | MANHManhattan Associa… | AAPLApple Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.37x | 1.28x |
| 52-Week HighHighest price in past year | $247.22 | $288.61 |
| 52-Week LowLowest price in past year | $127.86 | $169.21 |
| % of 52W HighCurrent price vs 52-week peak | +54.8% | +91.5% |
| RSI (14)Momentum oscillator 0–100 | 42.0 | 57.5 |
| Avg Volume (50D)Average daily shares traded | 696K | 40.9M |
Analyst Outlook
Wall Street rates MANH as "Buy" and AAPL as "Buy". Consensus price targets imply 71.1% upside for MANH (target: $232) vs 14.7% for AAPL (target: $303). AAPL is the only dividend payer here at 0.39% yield — a key consideration for income-focused portfolios.
| Metric | MANHManhattan Associa… | AAPLApple Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $231.71 | $303.11 |
| # AnalystsCovering analysts | 15 | 109 |
| Dividend YieldAnnual dividend ÷ price | — | +0.4% |
| Dividend StreakConsecutive years of raises | 2 | 14 |
| Dividend / ShareAnnual DPS | — | $1.03 |
| Buyback YieldShare repurchases ÷ mkt cap | +3.9% | +2.3% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| Manhattan Associate… (MANH) | 100 | 223.71 | +123.7% |
| Apple Inc. (AAPL) | 100 | 395.1 | +295.1% |
Apple Inc. (AAPL) returned +110% over 5 years vs Manhattan Associate… (MANH)'s +4%. A $10,000 investment in AAPL 5 years ago would be worth $21,049 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Manhattan Associate… (MANH) | $605M | $1.1B | +78.9% |
| Apple Inc. (AAPL) | $215.6B | $416.2B | +93.0% |
Manhattan Associates, Inc.'s revenue grew from $605M (2016) to $1.1B (2025) — a 6.7% CAGR. Apple Inc.'s revenue grew from $215.6B (2016) to $416.2B (2025) — a 7.6% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Manhattan Associate… (MANH) | 20.5% | 20.3% | -1.0% |
| Apple Inc. (AAPL) | 21.2% | 26.9% | +27.0% |
Manhattan Associates, Inc.'s net margin went from 21% (2016) to 20% (2025). Apple Inc.'s net margin went from 21% (2016) to 27% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Manhattan Associate… (MANH) | 29.5 | 48.1 | +63.1% |
| Apple Inc. (AAPL) | 18.4 | 36.4 | +97.8% |
Manhattan Associates, Inc. has traded in a 27x–90x P/E range over 9 years; current trailing P/E is ~38x. Apple Inc. has traded in a 13x–41x P/E range over 9 years; current trailing P/E is ~35x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Manhattan Associate… (MANH) | 1.72 | 3.6 | +109.3% |
| Apple Inc. (AAPL) | 2.08 | 7.46 | +258.7% |
Manhattan Associates, Inc.'s EPS grew from $1.72 (2016) to $3.60 (2025) — a 9% CAGR. Apple Inc.'s EPS grew from $2.08 (2016) to $7.46 (2025) — a 15% CAGR.
Chart 6Free Cash Flow — 5 Years
Manhattan Associates, Inc. generated $374M FCF in 2025 (+106% vs 2021). Apple Inc. generated $99B FCF in 2025 (+6% vs 2021).
MANH vs AAPL: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is MANH or AAPL a better buy right now?
Apple Inc. (AAPL) offers the better valuation at 35.4x trailing P/E (31.1x forward), making it the more compelling value choice. Analysts rate Manhattan Associates, Inc. (MANH) a "Buy" — based on 15 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MANH or AAPL?
On trailing P/E, Apple Inc. (AAPL) is the cheapest at 35.4x versus Manhattan Associates, Inc. at 37.6x. On forward P/E, Manhattan Associates, Inc. is actually cheaper at 26.0x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Manhattan Associates, Inc. wins at 1.21x versus Apple Inc.'s 1.74x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — MANH or AAPL?
Over the past 5 years, Apple Inc. (AAPL) delivered a total return of +110.5%, compared to +4.3% for Manhattan Associates, Inc. (MANH). A $10,000 investment in AAPL five years ago would be worth approximately $21K today (assuming dividends reinvested). Over 10 years, the gap is even starker: AAPL returned +1027% versus MANH's +145.1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MANH or AAPL?
By beta (market sensitivity over 5 years), Apple Inc. (AAPL) is the lower-risk stock at 1.28β versus Manhattan Associates, Inc.'s 1.37β — meaning MANH is approximately 7% more volatile than AAPL relative to the S&P 500. On balance sheet safety, Manhattan Associates, Inc. (MANH) carries a lower debt/equity ratio of 36% versus 167% for Apple Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — MANH or AAPL?
Apple Inc. (AAPL) is the more profitable company, earning 26.9% net margin versus 20.3% for Manhattan Associates, Inc. — meaning it keeps 26.9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AAPL leads at 32.0% versus 26.1% for MANH. At the gross margin level — before operating expenses — MANH leads at 55.7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is MANH or AAPL more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential. By this metric, Manhattan Associates, Inc. (MANH) is the more undervalued stock at a PEG of 1.21x versus Apple Inc.'s 1.74x. A PEG below 1.5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, Manhattan Associates, Inc. (MANH) trades at 26.0x forward P/E versus 31.1x for Apple Inc. — 5.2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MANH: 71.1% to $231.71.
07Which pays a better dividend — MANH or AAPL?
In this comparison, AAPL (0.4% yield) pays a dividend. MANH does not pay a meaningful dividend and should not be held primarily for income.
08Is MANH or AAPL better for a retirement portfolio?
For long-horizon retirement investors, Apple Inc. (AAPL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.28), +1027% 10Y return). Both have compounded well over 10 years (AAPL: +1027%, MANH: +145.1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between MANH and AAPL?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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