Last 48 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Manhattan Associates, Inc.'s quarterly P/E stands at 40.6x, down 20.3% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 27.7% YoY to 29.3x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 39.88 | 40.59 | 50.38 | 53.38 | 53.08 | 50.89 | 87.74 | 68.30 | 72.55 | 72.74 | 69.01 | 62.55 | 79.32 |
| — | -20.3% | -42.6% | -21.8% | -26.8% | -30.0% | +27.1% | +9.2% | -8.5% | +16.5% | +36.4% | -11.6% | +35.7% | |
| P/S Ratio | 7.86 | 7.08 | 9.72 | 11.33 | 11.07 | 10.13 | 16.38 | 16.34 | 14.44 | 15.36 | 14.13 | 12.91 | 13.50 |
| — | -30.1% | -40.7% | -30.7% | -23.3% | -34.1% | +15.9% | +26.5% | +6.9% | +39.7% | +46.4% | +21.8% | +42.6% | |
| P/B Ratio | 27.85 | 38.95 | 33.39 | 40.41 | 43.26 | 43.44 | 56.02 | 62.71 | 63.68 | 65.26 | 48.40 | 58.62 | 73.17 |
| — | -10.3% | -40.4% | -35.6% | -32.1% | -33.4% | +15.7% | +7.0% | -13.0% | +21.6% | +43.5% | +38.2% | +110.1% | |
| P/FCF | 22.74 | 24.99 | 18.45 | 35.83 | 43.03 | 35.79 | 41.24 | 71.10 | 53.92 | 74.58 | 38.98 | 53.56 | 78.86 |
| — | -30.2% | -55.3% | -49.6% | -20.2% | -52.0% | +5.8% | +32.7% | -31.6% | +78.2% | +7.6% | -3.1% | +124.0% | |
| EV / EBITDA | 28.67 | 29.29 | 37.54 | 39.61 | 39.40 | 40.52 | 66.35 | 56.22 | 54.43 | 65.46 | 54.73 | 55.34 | 59.54 |
| — | -27.7% | -43.4% | -29.5% | -27.6% | -38.1% | +21.2% | +1.6% | -8.6% | +33.2% | +36.0% | +3.5% | +31.3% | |
| EV / EBIT | 29.31 | 30.11 | 37.59 | 39.14 | 39.86 | 39.67 | 68.13 | 57.48 | 55.62 | 67.16 | 55.31 | 56.83 | 61.10 |
| — | -24.1% | -44.8% | -31.9% | -28.3% | -40.9% | +23.2% | +1.1% | -9.0% | +32.4% | +32.9% | +1.7% | +28.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Manhattan Associates, Inc.'s operating margin was 23.0% in Q1 2026, down 1.8 pp QoQ and down 1.0 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 25.6% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.7% | 55.1% | 54.4% | 56.0% | 56.8% | 56.4% | 55.2% | 54.9% | 54.2% | 52.6% | 54.6% | 53.3% | 52.3% |
| — | -2.3% | -1.4% | +2.0% | +4.7% | +7.3% | +1.1% | +3.0% | +3.6% | +0.2% | +1.4% | +5.2% | -1.1% | |
| Operating Margin | 26.1% | 23.0% | 24.8% | 27.5% | 27.1% | 24.0% | 23.7% | 28.2% | 25.7% | 22.6% | 24.7% | 22.4% | 21.9% |
| — | -4.3% | +4.5% | -2.4% | +5.4% | +6.2% | -4.0% | +25.6% | +17.6% | +6.3% | +9.5% | +20.8% | +12.6% | |
| Net Margin | 20.3% | 17.5% | 19.2% | 21.3% | 20.8% | 20.0% | 18.8% | 23.9% | 19.9% | 21.1% | 20.5% | 20.7% | 17.2% |
| — | -12.7% | +2.4% | -11.1% | +4.8% | -5.3% | -8.2% | +15.4% | +16.0% | +20.4% | +7.0% | +38.4% | +6.8% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 71.7% | 19.0% | 16.7% | 19.9% | 21.7% | 19.3% | 16.6% | 24.6% | 22.0% | 20.8% | 20.0% | 26.0% | 22.5% |
| — | -1.9% | +0.1% | -18.9% | -1.4% | -7.0% | -16.6% | -5.3% | -2.5% | +9.2% | +12.0% | +78.0% | +55.7% | |
| ROA | 27.5% | 6.2% | 6.5% | 7.7% | 7.8% | 7.2% | 6.6% | 9.4% | 7.9% | 8.0% | 7.8% | 9.0% | 7.5% |
| — | -13.0% | -2.1% | -17.2% | -0.7% | -10.1% | -15.6% | +4.1% | +5.1% | +13.3% | +12.0% | +55.8% | +24.7% | |
| ROIC | 236.8% | 73.2% | 52.4% | 59.8% | 60.5% | 56.8% | 47.0% | 55.8% | 59.2% | 79.2% | 127.5% | 108.7% | 179.3% |
| — | +28.9% | +11.6% | +7.2% | +2.1% | -28.3% | -63.1% | -48.7% | -67.0% | -68.7% | -36.0% | -36.6% | +15.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Manhattan Associates, Inc.'s Debt/EBITDA ratio is 0.8x, down from 1.6x last quarter — comfortably within a safe range.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.36 | 0.27 | 0.36 | 0.15 | 0.17 | 0.19 | 0.16 | 0.18 | 0.21 | 0.22 | 0.06 | 0.08 | 0.07 |
| — | +41.5% | +123.4% | -14.3% | -17.5% | -11.3% | +151.3% | +132.9% | +189.2% | +200.2% | +2.5% | -10.9% | -19.5% | |
| Debt / EBITDA | 0.39 | 0.83 | 1.64 | 0.62 | 0.64 | 0.73 | 0.77 | 0.65 | 0.73 | 0.88 | 0.29 | 0.30 | 0.24 |
| — | +14.8% | +113.7% | -5.5% | -11.7% | -17.1% | +161.7% | +120.3% | +203.4% | +226.3% | -3.7% | -33.8% | -50.5% | |
| Current Ratio | 1.28 | 1.10 | 1.28 | 1.31 | 1.19 | 1.12 | 1.26 | 1.25 | 1.17 | 1.20 | 1.31 | 1.18 | 1.09 |
| — | -1.8% | +1.8% | +5.2% | +1.0% | -6.1% | -4.0% | +5.8% | +7.9% | +4.0% | -0.5% | -8.6% | -21.1% | |
| Quick Ratio | 1.28 | 1.10 | 1.28 | 1.31 | 1.19 | 1.12 | 1.26 | 1.25 | 1.17 | 1.20 | 1.31 | 1.18 | 1.09 |
| — | -1.8% | +1.8% | +5.2% | +1.0% | -6.1% | -4.0% | +5.8% | +7.9% | +4.0% | -0.5% | -8.6% | -21.1% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Manhattan Associates, Inc.'s current P/E is 39.9x. The average P/E over the last 4 quarters is 49.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Manhattan Associates, Inc.'s current operating margin is 26.1%. Margins have been compressing 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 Manhattan Associates, Inc.'s business trajectory between earnings reports.