← Back to Screener
US Stock Screener
HomeScreensNewsWatchlist
...

ManpowerGroup Inc. (MAN) 10-Year Financial Performance & Capital Metrics

MAN • • Industrial / General
IndustrialsStaffing & HRSpecialized Professional StaffingMulti-Discipline Professional Staffing
AboutManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives. In addition, the company provides workforce consulting services; contingent staffing and permanent recruitment services; professional resourcing and project-based solutions in information technology, engineering, and finance fields; solutions in the areas of organizational efficiency, individual development, and career mobility; and recruitment process outsourcing, TAPFIN managed, and talent based outsourcing services, as well as Proservia services in the areas of digital services market and IT infrastructure sector. It operates through a network of approximately 2,200 offices in 75 countries and territories. The company was incorporated in 1948 and is based in Milwaukee, Wisconsin.Show more
  • Revenue $17.85B -5.6%
  • EBITDA $393M +14.0%
  • Net Income $145M +63.4%
  • EPS (Diluted) 3.01 +71.0%
  • Gross Margin 17.29% -2.6%
  • EBITDA Margin 2.2% +20.8%
  • Operating Margin 1.71% +26.7%
  • Net Margin 0.81% +73.1%
  • ROE 6.65% +75.8%
  • ROIC 7.74% +26.3%
  • Debt/Equity 0.58 -9.3%
  • Interest Coverage 3.40 +5.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓22 consecutive years of dividend growth
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 4.2% through buybacks
  • ✓Trading at only 0.7x book value
  • ✓Efficient asset utilization: 2.2x turnover

✗Weaknesses

  • ✗Profits declining 20.8% over 5 years
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Thin 5Y average net margin of 1.0%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-1.5%
5Y-3.07%
3Y-4.85%
TTM-2.44%

Profit (Net Income) CAGR

10Y-10.24%
5Y-20.8%
3Y-27.6%
TTM-155.12%

EPS CAGR

10Y-5.5%
5Y-17.17%
3Y-24.16%
TTM-160.26%

ROCE

10Y Avg14.05%
5Y Avg10.27%
3Y Avg10.02%
Latest7.85%

Peer Comparison

Multi-Discipline Professional Staffing
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
VOLTVolt Information Sciences, Inc.676.46M30.61503.457.7%-0.05%-1.54%3.07%3.20
MANManpowerGroup Inc.1.37B29.619.84-5.61%-0.12%-1.04%18.83%0.58
CLIKClick Holdings Limited14.8M5.046.7236.12%14.19%496.64%2.87%1.56
BGSFBGSF, Inc.61.26M5.47-17.65-12.99%-6.32%-22.2%37.12%0.63
KELYAKelly Services, Inc.323.31M10.09-597.04-10.42%-0.14%-0.49%4.89%0.25
JOBGEE Group, Inc.23.1M0.21-17.15%-35.29%-72.4%2.38%0.06

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+19.33B19.65B21.03B21.99B20.86B18B20.72B19.83B18.91B17.85B
Revenue Growth %-0.07%0.02%0.07%0.05%-0.05%-0.14%0.15%-0.04%-0.05%-0.06%
Cost of Goods Sold+16.03B16.32B17.55B18.41B17.49B15.18B17.32B16.26B15.56B14.77B
COGS % of Revenue0.83%0.83%0.83%0.84%0.84%0.84%0.84%0.82%0.82%0.83%
Gross Profit+3.3B3.33B3.48B3.58B3.38B2.82B3.41B3.57B3.36B3.09B
Gross Margin %0.17%0.17%0.17%0.16%0.16%0.16%0.16%0.18%0.18%0.17%
Gross Profit Growth %-0.06%0.01%0.05%0.03%-0.06%-0.16%0.21%0.05%-0.06%-0.08%
Operating Expenses+2.61B2.58B2.7B2.78B2.67B2.45B2.82B2.91B3.1B2.78B
OpEx % of Revenue0.13%0.13%0.13%0.13%0.13%0.14%0.14%0.15%0.16%0.16%
Selling, General & Admin2.61B2.58B2.7B2.78B2.67B2.45B2.82B2.91B3.05B2.78B
SG&A % of Revenue0.13%0.13%0.13%0.13%0.13%0.14%0.14%0.15%0.16%0.16%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses0035.5M0000055.1M0
Operating Income+688.9M750.8M788.2M796.7M644.9M370.9M585.4M660.5M255.8M306M
Operating Margin %0.04%0.04%0.04%0.04%0.03%0.02%0.03%0.03%0.01%0.02%
Operating Income Growth %-0.04%0.09%0.05%0.01%-0.19%-0.42%0.58%0.13%-0.61%0.2%
EBITDA+766.6M836.1M872.6M882.5M722.1M447.2M658.8M745.1M344.4M392.6M
EBITDA Margin %0.04%0.04%0.04%0.04%0.03%0.02%0.03%0.04%0.02%0.02%
EBITDA Growth %-0.05%0.09%0.04%0.01%-0.18%-0.38%0.47%0.13%-0.54%0.14%
D&A (Non-Cash Add-back)77.7M85.3M84.4M85.8M77.2M76.3M73.4M84.6M88.6M86.6M
EBIT696.7M750.8M786.7M801.7M729.9M191M606.9M604M285.6M346.8M
Net Interest Income+-33.5M-45.9M-44.6M-41M-38.4M-30.2M-26.8M-29M-45.5M-56.7M
Interest Income2.5M3.6M4.8M6M6M13.1M12M17.9M34.2M33.3M
Interest Expense36M49.5M49.4M47M44.4M43.3M38.8M46.9M79.7M90M
Other Income/Expense-28.2M-44.2M-51.9M-42M40.6M-223.2M-17.3M-103.4M-49.9M-49.2M
Pretax Income+660.7M701.3M737.3M754.7M685.5M147.7M568.1M557.1M205.9M256.8M
Pretax Margin %0.03%0.04%0.04%0.03%0.03%0.01%0.03%0.03%0.01%0.01%
Income Tax+241.5M257.6M191.9M198M219.8M123.9M185.7M183.3M117.1M111.7M
Effective Tax Rate %0.63%0.63%0.74%0.74%0.68%0.16%0.67%0.67%0.43%0.57%
Net Income+419.2M443.7M545.4M556.7M465.7M23.8M382.4M373.8M88.8M145.1M
Net Margin %0.02%0.02%0.03%0.03%0.02%0%0.02%0.02%0%0.01%
Net Income Growth %-0.02%0.06%0.23%0.02%-0.16%-0.95%15.07%-0.02%-0.76%0.63%
Net Income (Continuing)419.2M443.7M545.4M556.7M465.7M23.8M382.4M373.8M88.8M145.1M
Discontinued Operations0000000000
Minority Interest67.8M84.5M82.7M73.6M18.5M12.6M10M10.8M10.8M1.7M
EPS (Diluted)+5.406.278.048.557.720.416.907.081.763.01
EPS Growth %0.02%0.16%0.28%0.06%-0.1%-0.95%15.83%0.03%-0.75%0.71%
EPS (Basic)5.466.338.138.627.770.417.027.161.783.04
Diluted Shares Outstanding77.7M70.8M67.9M65.1M60.3M58.3M55.4M52.8M50.4M48.3M
Basic Shares Outstanding76.8M70.1M67.1M64.6M59.9M58M54.5M52.2M49.8M47.8M
Dividend Payout Ratio0.29%0.27%0.23%0.23%0.28%5.42%0.36%0.37%1.63%1%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+5.09B5.13B6.17B6B6.48B6.67B6.42B5.93B5.57B4.97B
Cash & Short-Term Investments730.5M598.5M689M591.9M1.03B1.57B847.8M639M581.3M509.4M
Cash Only730.5M598.5M689M591.9M1.03B1.57B847.8M639M581.3M509.4M
Short-Term Investments0000000000
Accounts Receivable4.24B4.41B5.37B5.28B5.27B4.91B5.45B5.14B4.83B4.3B
Days Sales Outstanding80.1281.9693.1987.5792.2599.6195.9594.5793.2187.85
Inventory0000000000
Days Inventory Outstanding----------
Other Current Assets0000000158M160.8M163.7M
Total Non-Current Assets+2.42B2.44B2.71B2.52B2.74B2.68B3.41B3.2B3.26B3.23B
Property, Plant & Equipment147.1M147.3M157.7M152.6M591.8M553.8M490.2M477.9M543.9M479.7M
Fixed Asset Turnover131.41x133.43x133.38x144.11x35.25x32.50x42.28x41.49x34.78x37.22x
Goodwill1.26B1.24B1.34B1.3B1.26B1.23B1.72B1.63B1.59B1.56B
Intangible Assets326.5M294.4M284M246.3M268.6M248.6M583.6M549.5M564.3M486.1M
Long-Term Investments137.9M145.8M158.7M161.4M97.8M106.6M114.2M95.8M102.2M103.9M
Other Non-Current Assets694M759.7M927.7M826.7M618.8M651.6M610.2M540.5M460.9M597.6M
Total Assets+7.52B7.57B8.88B8.52B9.22B9.35B9.83B9.13B8.83B8.2B
Asset Turnover2.57x2.59x2.37x2.58x2.26x1.93x2.11x2.17x2.14x2.18x
Asset Growth %0.05%0.01%0.17%-0.04%0.08%0.01%0.05%-0.07%-0.03%-0.07%
Total Current Liabilities+3.45B3.66B4.81B4.18B4.44B4.68B5.78B4.92B4.8B4.44B
Accounts Payable1.66B1.91B2.28B2.27B2.47B2.53B3.04B2.83B2.72B2.61B
Days Payables Outstanding37.7742.8247.4144.9351.6560.7964.0663.5863.8964.58
Short-Term Debt44.2M39.8M469.4M50.1M61M20.4M552.6M26.6M12.1M23.4M
Deferred Revenue (Current)01000K1000K1000K01000K1000K1000K00
Other Current Liabilities38.4M-1.38B48M1.45B50.5M30.3M139.7M35.9M107.5M1.23B
Current Ratio1.48x1.40x1.28x1.44x1.46x1.42x1.11x1.21x1.16x1.12x
Quick Ratio1.48x1.40x1.28x1.44x1.46x1.42x1.11x1.21x1.16x1.12x
Cash Conversion Cycle----------
Total Non-Current Liabilities+1.37B1.47B1.22B1.65B2.02B2.19B1.52B1.75B1.8B1.64B
Long-Term Debt810.9M785.6M478.1M1.03B1.01B1.1B565.7M959.9M990.5M929.4M
Capital Lease Obligations0000336.7M305.1M275.8M266.6M323.2M279M
Deferred Tax Liabilities0-2.4M-1.5M0000000
Other Non-Current Liabilities563.1M683.4M737.5M620.1M671.8M781.2M675.2M524M482.7M428.6M
Total Liabilities4.83B5.13B6.03B5.82B6.46B6.89B7.3B6.67B6.6B6.07B
Total Debt+855.1M825.4M947.5M1.08B1.53B1.55B1.39B1.36B1.43B1.23B
Net Debt124.6M226.9M258.5M483.5M506.4M-18.8M546.3M719.6M844.7M722.4M
Debt / Equity0.32x0.34x0.33x0.40x0.55x0.63x0.55x0.55x0.64x0.58x
Debt / EBITDA1.12x0.99x1.09x1.22x2.12x3.46x2.12x1.82x4.14x3.14x
Net Debt / EBITDA0.16x0.27x0.30x0.55x0.70x-0.04x0.83x0.97x2.45x1.84x
Interest Coverage19.14x15.17x15.96x16.95x14.52x8.57x15.09x14.08x3.21x3.40x
Total Equity+2.69B2.45B2.86B2.7B2.76B2.45B2.53B2.46B2.23B2.13B
Equity Growth %-0.09%-0.09%0.17%-0.06%0.02%-0.11%0.03%-0.03%-0.09%-0.05%
Book Value per Share34.6534.5542.0941.4545.8042.0945.7046.5544.3344.04
Total Shareholders' Equity2.62B2.36B2.77B2.62B2.74B2.44B2.52B2.45B2.22B2.13B
Common Stock1.2M1.2M1.2M1.2M1.2M1.2M1.2M1.2M1.2M1.2M
Retained Earnings1.97B2.29B2.71B3.16B3.49B3.39B3.63B3.87B3.81B3.81B
Treasury Stock-2.24B-2.73B-2.95B-3.47B-3.68B-3.95B-4.17B-4.45B-4.64B-4.79B
Accumulated OCI-286M-426.1M-288.2M-399.8M-441M-397.3M-389.4M-458.7M-466M-443M
Minority Interest67.8M84.5M82.7M73.6M18.5M12.6M10M10.8M10.8M1.7M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+511.5M600M400.9M483.1M814.4M936.4M644.8M423.3M348.2M309.2M
Operating CF Margin %0.03%0.03%0.02%0.02%0.04%0.05%0.03%0.02%0.02%0.02%
Operating CF Growth %0.67%0.17%-0.33%0.21%0.69%0.15%-0.31%-0.34%-0.18%-0.11%
Net Income419.2M443.7M545.4M556.7M465.7M23.8M382.4M373.8M88.8M145.1M
Depreciation & Amortization77.7M85.3M84.4M85.8M77.2M76.3M73.4M84.6M88.6M86.6M
Stock-Based Compensation31.1M27.1M28.7M27.8M26.3M24.2M36.8M37.6M28.7M27.3M
Deferred Taxes91.2M74M-196.8M-11.9M-43M-10.4M-1.3M4.8M-20.6M-32.4M
Other Non-Cash Items8.9M19.6M18.1M23M111.4M118.9M17.9M62.2M64M17.2M
Working Capital Changes-116.6M-49.7M-78.9M-198.3M176.8M703.6M135.6M-139.7M98.7M65.4M
Change in Receivables-369.8M-317.2M-544.9M-146.4M-80.2M586.9M-640.9M28.8M391.8M261.1M
Change in Inventory0000000000
Change in Payables00000000015.7M
Cash from Investing+-298.1M-110.4M-74.5M-54.9M-16.2M-42.4M-987M-85.3M-74.1M-68.2M
Capital Expenditures-52.3M-56.9M-54.7M-64.7M-52.9M-50.7M-64.2M-75.6M-78.2M-51.1M
CapEx % of Revenue0%0%0%0%0%0%0%0%0%0%
Acquisitions----------
Investments----------
Other Investing14.7M4.1M12.9M18.9M001.6M00-12.2M
Cash from Financing+-144.2M-597.6M-319.3M-484.9M-337.4M-435.2M-283.7M-482.1M-349.5M-282.4M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-121M-118.4M-123.7M-127.3M-129.3M-129.1M-136.6M-139.9M-144.3M-145.8M
Share Repurchases----------
Other Financing100.9M9.7M3.1M-35.1M-24.6M-2.9M-7.4M-13.5M-9.2M-12.7M
Net Change in Cash----------
Free Cash Flow+459.2M543.1M346.2M418.4M761.5M885.7M580.6M347.7M270M258.1M
FCF Margin %0.02%0.03%0.02%0.02%0.04%0.05%0.03%0.02%0.01%0.01%
FCF Growth %0.8%0.18%-0.36%0.21%0.82%0.16%-0.34%-0.4%-0.22%-0.04%
FCF per Share5.917.675.106.4312.6315.1910.486.595.365.34
FCF Conversion (FCF/Net Income)1.22x1.35x0.74x0.87x1.75x39.34x1.69x1.13x3.92x2.13x
Interest Paid32.2M36.6M37M49.9M42.4M40.8M37M38.2M75.9M84.9M
Taxes Paid75.9M163.9M127.1M184.6M179.2M149.8M139.7M201.6M182.2M187.6M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)14.88%17.27%20.57%20.04%17.06%0.91%15.34%14.98%3.79%6.65%
Return on Invested Capital (ROIC)18.69%20.51%20.42%18.97%15%9.76%15.93%15.84%6.13%7.74%
Gross Margin17.05%16.96%16.57%16.27%16.18%15.69%16.44%18.02%17.75%17.29%
Net Margin2.17%2.26%2.59%2.53%2.23%0.13%1.85%1.89%0.47%0.81%
Debt / Equity0.32x0.34x0.33x0.40x0.55x0.63x0.55x0.55x0.64x0.58x
Interest Coverage19.14x15.17x15.96x16.95x14.52x8.57x15.09x14.08x3.21x3.40x
FCF Conversion1.22x1.35x0.74x0.87x1.75x39.34x1.69x1.13x3.92x2.13x
Revenue Growth-6.9%1.68%7.02%4.55%-5.13%-13.72%15.13%-4.33%-4.6%-5.61%

Revenue by Segment

2015201620172018201920202021202220232024
StaffingandInterim------18.21B17.23B16.53B15.68B
StaffingandInterim Growth--------5.38%-4.05%-5.16%
Outcome-BasedSolutionsandConsulting------1.6B1.57B1.41B1.26B
Outcome-BasedSolutionsandConsulting Growth--------1.73%-10.05%-10.85%
PermanentRecruitment------623.1M757.6M615.3M491.6M
PermanentRecruitment Growth-------21.59%-18.78%-20.10%
Other------335.4M353.9M615.3M481.8M
Other Growth-------5.52%73.86%-21.70%
Franchise-----14.1M15.3M15.7M14.8M14.4M
Franchise Growth------8.51%2.61%-5.73%-2.70%
Apme----2.16B-----
Apme Growth----------
Right Management273.6M258.9M218.1M149.6M150.1M-----
Right Management Growth--5.37%-15.76%-31.41%0.33%-----
APME2.24B2.47B2.64B2.39B------
APME Growth-10.37%6.68%-9.19%------

Revenue by Geography

2015201620172018201920202021202220232024
Southern Europe-----7.86B9.35B8.54B8.52B8.22B
Southern Europe Growth------18.99%-8.67%-0.25%-3.49%
Americas-----3.79B4.26B4.94B4.41B4.22B
Americas Growth------12.43%15.76%-10.55%-4.30%
Northern Europe-----3.98B4.67B4.05B3.75B3.3B
Northern Europe Growth------17.45%-13.32%-7.42%-11.84%
Apme-----2.38B2.48B2.39B2.32B2.16B
Apme Growth------4.39%-3.78%-2.72%-6.93%
Non Us----18.27B-----
Non Us Growth----------
FRANCE4.68B4.86B5.49B5.85B5.48B-----
FRANCE Growth-3.70%13.11%6.42%-6.27%-----
UNITED STATES3.12B2.95B2.76B2.61B2.59B-----
UNITED STATES Growth--5.31%-6.50%-5.42%-0.70%-----
ITALY1.23B1.17B1.48B1.67B1.51B-----
ITALY Growth--4.84%26.37%13.15%-9.89%-----
Non-US---19.38B------
Non-US Growth----------
Total Foreign16.21B16.7B18.28B-------
Total Foreign Growth-3.02%9.41%-------

Frequently Asked Questions

Valuation & Price

ManpowerGroup Inc. (MAN) has a price-to-earnings (P/E) ratio of 9.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

ManpowerGroup Inc. (MAN) reported $17.64B in revenue for fiscal year 2024. This represents a 20% decrease from $22.01B in 2011.

ManpowerGroup Inc. (MAN) saw revenue decline by 5.6% over the past year.

ManpowerGroup Inc. (MAN) reported a net loss of $21.0M for fiscal year 2024.

Dividend & Returns

Yes, ManpowerGroup Inc. (MAN) pays a dividend with a yield of 10.19%. This makes it attractive for income-focused investors.

ManpowerGroup Inc. (MAN) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.

ManpowerGroup Inc. (MAN) had negative free cash flow of $93.1M in fiscal year 2024, likely due to heavy capital investments.

VCP Scanner

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screens
  • Valuation
  • Compare
  • Total Return
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Twitter
  • Get Early Access
© 2026 VCP Scanner. All rights reserved.
Made with ❤️ for investors
Not financial advice. Do your own research.