Last 47 quarters of trend data · Industrials · Staffing & Employment Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
ManpowerGroup Inc.'s quarterly P/E stands at 11.6x, down 62.2% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 33.1% YoY to 6.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -104.90 | 11.61 | 24.93 | — | 120.58 | 30.70 | 39.11 | 14.07 | 23.96 | — | 30.55 | 15.39 | 13.66 |
| — | -62.2% | -36.2% | — | +403.2% | — | +28.0% | -8.5% | +75.4% | — | +302.4% | +84.5% | -2.2% | |
| P/S Ratio | 0.08 | 0.07 | 0.10 | 0.10 | 0.17 | 0.16 | 0.20 | 0.19 | 0.22 | 0.21 | 0.20 | 0.21 | 0.22 |
| — | -52.7% | -50.9% | -44.4% | -22.4% | -25.1% | -0.6% | -9.9% | -3.8% | -6.0% | +11.5% | +3.1% | -9.8% | |
| P/B Ratio | 0.69 | 0.68 | 0.88 | 0.94 | 1.30 | 1.29 | 1.62 | 1.57 | 1.74 | 1.73 | 1.52 | 1.64 | 1.70 |
| — | -47.7% | -45.6% | -40.2% | -25.1% | -25.3% | +6.7% | -4.2% | +2.3% | -0.4% | +8.7% | -1.5% | -15.1% | |
| P/FCF | — | 2.07 | 9.94 | — | — | 2.91 | 13.12 | — | 9.11 | 10.68 | 3.75 | — | 9.56 |
| — | -28.8% | -24.2% | — | — | -72.7% | +250.2% | — | -4.7% | +14.3% | +12.3% | — | -61.7% | |
| EV / EBITDA | 9.02 | 6.46 | 9.74 | — | 19.29 | 9.65 | 12.01 | 8.98 | 13.12 | 7.39 | 12.22 | 9.74 | 8.87 |
| — | -33.1% | -18.9% | — | +47.1% | +30.7% | -1.7% | -7.8% | +47.9% | -26.6% | +119.9% | +59.1% | -1.4% | |
| EV / EBIT | 12.27 | 7.38 | 11.23 | — | 24.31 | 12.29 | 13.27 | 10.88 | 17.41 | — | 10.36 | 10.86 | 10.45 |
| — | -40.0% | -15.4% | — | +39.6% | — | +28.1% | +0.2% | +66.6% | — | +70.7% | +61.5% | +3.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
ManpowerGroup Inc.'s operating margin was 1.7% in Q4 2025, up 0.3 pp QoQ and up 0.2 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. Gross margin contracted 5.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.7% | 16.3% | 16.8% | 16.9% | 17.1% | 17.2% | 17.3% | 17.4% | 17.3% | 17.5% | 17.6% | 17.8% | 18.2% |
| — | -5.2% | -2.9% | -2.8% | -1.6% | -2.0% | -1.8% | -2.1% | -4.5% | -3.8% | -3.9% | -2.2% | +4.1% | |
| Operating Margin | 1.3% | 1.7% | 1.4% | -0.6% | 0.7% | 1.6% | 1.6% | 2.2% | 1.5% | 2.9% | 1.5% | 2.2% | 2.5% |
| — | +10.3% | -8.0% | -125.0% | -53.9% | -46.9% | +4.7% | +0.9% | -39.7% | +39.4% | -55.6% | -37.8% | -8.0% | |
| Net Margin | -0.1% | 0.6% | 0.4% | -1.5% | 0.1% | 0.5% | 0.5% | 1.3% | 0.9% | -1.8% | 0.6% | 1.3% | 1.6% |
| — | +25.3% | -22.8% | -211.7% | -84.8% | +128.0% | -22.3% | -1.0% | -44.9% | -280.2% | -72.0% | -44.3% | -8.1% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.6% | 1.5% | 0.9% | -3.3% | 0.3% | 1.0% | 1.1% | 2.8% | 1.8% | -3.6% | 1.2% | 2.6% | 3.1% |
| — | +41.9% | -14.8% | -218.0% | -85.3% | +128.7% | -15.4% | +5.5% | -42.7% | -282.0% | -72.8% | -46.2% | -13.0% | |
| ROA | -0.2% | 0.3% | 0.2% | -0.8% | 0.1% | 0.3% | 0.3% | 0.7% | 0.5% | -1.0% | 0.3% | 0.7% | 0.9% |
| — | +27.1% | -21.1% | -214.3% | -85.0% | +127.8% | -22.4% | -3.4% | -46.9% | -276.2% | -71.7% | -41.9% | -7.9% | |
| ROIC | 5.6% | 1.7% | 1.4% | -0.6% | 0.7% | 1.7% | 1.7% | 2.5% | 1.6% | 3.2% | 1.6% | 2.4% | 2.8% |
| — | +0.8% | -17.3% | -123.3% | -57.0% | -46.6% | +8.1% | +1.4% | -42.3% | +31.7% | -58.5% | -41.6% | -14.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
ManpowerGroup Inc.'s Debt/EBITDA ratio is 20.7x, down from 22.0x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has risen for 5 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.16 | 1.01 | 0.97 | 0.86 | 0.70 | 0.58 | 0.61 | 0.69 | 0.64 | 0.64 | 0.57 | 0.58 | 0.55 |
| — | +75.1% | +59.6% | +24.2% | +9.2% | -9.3% | +7.0% | +20.5% | +16.6% | +25.2% | +13.4% | -19.3% | -1.7% | |
| Debt / EBITDA | 7.37 | 20.66 | 22.00 | — | 29.75 | 13.69 | 14.29 | 12.17 | 15.98 | 8.93 | 14.98 | 10.94 | 9.91 |
| — | +51.0% | +53.9% | — | +86.1% | +53.2% | -4.6% | +11.3% | +61.3% | -13.4% | +126.5% | +26.4% | +11.2% | |
| Current Ratio | 1.11 | 1.11 | 1.00 | 0.98 | 1.12 | 1.12 | 1.15 | 1.14 | 1.17 | 1.16 | 1.21 | 1.21 | 1.24 |
| — | -1.2% | -13.1% | -14.6% | -3.9% | -3.5% | -5.0% | -5.6% | -5.7% | -3.9% | -1.1% | +2.2% | +10.5% | |
| Quick Ratio | 1.11 | 1.11 | 1.00 | 0.98 | 1.12 | 1.12 | 1.15 | 1.14 | 1.17 | 1.16 | 1.21 | 1.21 | 1.24 |
| — | -1.2% | -13.1% | -14.6% | -3.9% | -3.5% | -5.0% | -5.6% | -5.7% | -3.9% | -1.1% | +2.2% | +10.5% | |
| Interest Coverage | 2.50 | 3.52 | 2.77 | -0.97 | 1.25 | 2.97 | 2.88 | 4.60 | 3.23 | 6.76 | 3.32 | 5.38 | 6.30 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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ManpowerGroup Inc.'s current P/E is -104.9x. The average P/E over the last 3 quarters is 52.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
ManpowerGroup Inc.'s current operating margin is 1.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking ManpowerGroup Inc.'s business trajectory between earnings reports.