Comprehensive Stock Comparison
Compare WM Technology, Inc. (MAPS) vs Manhattan Associates, Inc. (MANH) 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 | MANH | 3.7% revenue growth vs MAPS's -1.9% |
| Value | MAPS | Lower P/E (8.5x vs 26.0x) |
| Quality / Margins | MANH | 20.3% net margin vs MAPS's 4.4% |
| Stability / Safety | MAPS | Beta 0.86 vs MANH's 1.37, lower leverage |
| Dividends | MAPS | 11.8% yield; 2-year raise streak; MANH pays no meaningful dividend |
| Momentum (1Y) | MANH | -23.4% vs MAPS's -49.0% |
| Efficiency (ROA) | MANH | 26.2% ROA vs MAPS's 4.1%, ROIC 236.8% vs 11.1% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
WM Technology operates a leading online marketplace and software platform for the legal cannabis industry, connecting consumers with retailers and brands. It generates revenue primarily through subscription software fees from cannabis businesses (roughly 60%) and advertising services (roughly 40%) on its Weedmaps platform. The company's key advantage is its first-mover position and network effects in the fragmented cannabis market — its marketplace has become the dominant discovery tool for consumers while its software suite creates sticky relationships with retailers.
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.
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
MANH leads in 3 of 6 categories (Financial Metrics, Profitability & Efficiency). MAPS leads in 1 (Valuation Metrics). 1 tied.
Financial Metrics (TTM)
MANH is the larger business by revenue, generating $1.1B annually — 6.0x MAPS's $179M. MANH is the more profitable business, keeping 20.3% of every revenue dollar as net income compared to MAPS's 4.4%. On growth, MANH holds the edge at +5.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | MAPSWM Technology, In… | MANHManhattan Associa… |
|---|---|---|
| RevenueTrailing 12 months | $179M | $1.1B |
| EBITDAEarnings before interest/tax | $26M | $286M |
| Net IncomeAfter-tax profit | $8M | $220M |
| Free Cash FlowCash after capex | $17M | $374M |
| Gross MarginGross profit ÷ Revenue | +95.0% | +55.9% |
| Operating MarginEBIT ÷ Revenue | +6.2% | +25.9% |
| Net MarginNet income ÷ Revenue | +4.4% | +20.3% |
| FCF MarginFCF ÷ Revenue | +9.8% | +34.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | -9.4% | +5.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -41.3% | +11.7% |
Valuation Metrics
At 8.5x trailing earnings, MAPS trades at a 77% valuation discount to MANH's 37.6x P/E. On an enterprise value basis, MAPS's 0.3x EV/EBITDA is more attractive than MANH's 27.3x.
| Metric | MAPSWM Technology, In… | MANHManhattan Associa… |
|---|---|---|
| Market CapShares × price | $33M | $8.1B |
| Enterprise ValueMkt cap + debt − cash | $11M | $7.9B |
| Trailing P/EPrice ÷ TTM EPS | 8.49x | 37.62x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 25.97x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.75x |
| EV / EBITDAEnterprise value multiple | 0.35x | 27.29x |
| Price / SalesMarket cap ÷ Revenue | 0.18x | 7.49x |
| Price / BookPrice ÷ Book value/share | 0.54x | 26.27x |
| Price / FCFMarket cap ÷ FCF | 1.32x | 21.67x |
Profitability & Efficiency
MANH delivers a 69.9% return on equity — every $100 of shareholder capital generates $70 in annual profit, vs $6 for MAPS. MAPS carries lower financial leverage with a 0.25x debt-to-equity ratio, signaling a more conservative balance sheet compared to MANH's 0.36x. On the Piotroski fundamental quality scale (0–9), MAPS scores 7/9 vs MANH's 6/9, reflecting strong financial health.
| Metric | MAPSWM Technology, In… | MANHManhattan Associa… |
|---|---|---|
| ROE (TTM)Return on equity | +5.8% | +69.9% |
| ROA (TTM)Return on assets | +4.1% | +26.2% |
| ROICReturn on invested capital | +11.1% | +2.4% |
| ROCEReturn on capital employed | +10.4% | +76.3% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 0.25x | 0.36x |
| Net DebtTotal debt minus cash | -$22M | -$216M |
| Cash & Equiv.Liquid assets | $52M | $329M |
| Total DebtShort + long-term debt | $30M | $112M |
| Interest CoverageEBIT ÷ Interest expense | — | — |
Total Returns (with DRIP)
A $10,000 investment in MANH five years ago would be worth $10,428 today (with dividends reinvested), compared to $279 for MAPS. Over the past 12 months, MANH leads with a -23.4% total return vs MAPS's -49.0%. The 3-year compound annual growth rate (CAGR) favors MANH at -2.0% vs MAPS's -15.4% — a key indicator of consistent wealth creation.
| Metric | MAPSWM Technology, In… | MANHManhattan Associa… |
|---|---|---|
| YTD ReturnYear-to-date | -20.8% | -19.0% |
| 1-Year ReturnPast 12 months | -49.0% | -23.4% |
| 3-Year ReturnCumulative with dividends | -39.5% | -5.8% |
| 5-Year ReturnCumulative with dividends | -97.2% | +4.3% |
| 10-Year ReturnCumulative with dividends | -93.2% | +145.1% |
| CAGR (3Y)Annualised 3-year return | -15.4% | -2.0% |
Risk & Volatility
MAPS is the less volatile stock with a 0.86 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. MANH currently trades 54.8% from its 52-week high vs MAPS's 47.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | MAPSWM Technology, In… | MANHManhattan Associa… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.86x | 1.37x |
| 52-Week HighHighest price in past year | $1.41 | $247.22 |
| 52-Week LowLowest price in past year | $0.63 | $127.86 |
| % of 52W HighCurrent price vs 52-week peak | +47.4% | +54.8% |
| RSI (14)Momentum oscillator 0–100 | 34.6 | 42.0 |
| Avg Volume (50D)Average daily shares traded | 905K | 696K |
Analyst Outlook
MAPS is the only dividend payer here at 11.83% yield — a key consideration for income-focused portfolios.
| Metric | MAPSWM Technology, In… | MANHManhattan Associa… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $231.71 |
| # AnalystsCovering analysts | — | 15 |
| Dividend YieldAnnual dividend ÷ price | +11.8% | — |
| Dividend StreakConsecutive years of raises | 2 | 2 |
| Dividend / ShareAnnual DPS | $0.08 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | +3.9% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| WM Technology, Inc. (MAPS) | 100 | 7.72 | -92.3% |
| Manhattan Associate… (MANH) | 100 | 220.53 | +120.5% |
Manhattan Associate… (MANH) returned +4% over 5 years vs WM Technology, Inc. (MAPS)'s -97%. A $10,000 investment in MANH 5 years ago would be worth $10,428 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| WM Technology, Inc. (MAPS) | $101M | $185M | +82.0% |
| Manhattan Associate… (MANH) | $605M | $1.1B | +78.9% |
Manhattan Associates, Inc.'s revenue grew from $605M (2016) to $1.1B (2025) — a 6.7% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| WM Technology, Inc. (MAPS) | 14.2% | 4.1% | -70.8% |
| Manhattan Associate… (MANH) | 20.5% | 20.3% | -1.0% |
Manhattan Associates, Inc.'s net margin went from 21% (2016) to 20% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Manhattan Associate… (MANH) | 29.5 | 48.1 | +63.1% |
Manhattan Associates, Inc. has traded in a 27x–90x P/E range over 9 years; current trailing P/E is ~38x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| WM Technology, Inc. (MAPS) | 2.08 | 0.08 | -96.2% |
| Manhattan Associate… (MANH) | 1.72 | 3.6 | +109.3% |
Manhattan Associates, Inc.'s EPS grew from $1.72 (2016) to $3.60 (2025) — a 9% CAGR.
Chart 6Free Cash Flow — 5 Years
WM Technology, Inc. generated $25M FCF in 2024 (+65% vs 2021). Manhattan Associates, Inc. generated $374M FCF in 2025 (+106% vs 2021).
MAPS vs MANH: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is MAPS or MANH a better buy right now?
WM Technology, Inc. (MAPS) offers the better valuation at 8.5x trailing P/E, 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 — MAPS or MANH?
On trailing P/E, WM Technology, Inc. (MAPS) is the cheapest at 8.5x versus Manhattan Associates, Inc. at 37.6x.
03Which is the better long-term investment — MAPS or MANH?
Over the past 5 years, Manhattan Associates, Inc. (MANH) delivered a total return of +4.3%, compared to -97.2% for WM Technology, Inc. (MAPS). A $10,000 investment in MANH five years ago would be worth approximately $10K today (assuming dividends reinvested). Over 10 years, the gap is even starker: MANH returned +145.1% versus MAPS's -93.2%. 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 — MAPS or MANH?
By beta (market sensitivity over 5 years), WM Technology, Inc. (MAPS) is the lower-risk stock at 0.86β versus Manhattan Associates, Inc.'s 1.37β — meaning MANH is approximately 59% more volatile than MAPS relative to the S&P 500. On balance sheet safety, WM Technology, Inc. (MAPS) carries a lower debt/equity ratio of 25% versus 36% for Manhattan Associates, Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — MAPS or MANH?
Manhattan Associates, Inc. (MANH) is the more profitable company, earning 20.3% net margin versus 4.1% for WM Technology, Inc. — meaning it keeps 20.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MANH leads at 26.1% versus 8.0% for MAPS. At the gross margin level — before operating expenses — MAPS leads at 95.1%, 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.
06Which pays a better dividend — MAPS or MANH?
In this comparison, MAPS (11.8% yield) pays a dividend. MANH does not pay a meaningful dividend and should not be held primarily for income.
07Is MAPS or MANH better for a retirement portfolio?
For long-horizon retirement investors, WM Technology, Inc. (MAPS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.86), 11.8% yield). Both have compounded well over 10 years (MAPS: -93.2%, 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.
08What are the main differences between MAPS and MANH?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: MAPS is a small-cap deep-value stock; MANH is a small-cap quality compounder stock. MAPS pays a dividend while MANH does not, making them suitable for different income and tax situations. 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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