# Manhattan Associates Inc (MANH) — Stock CV

Manhattan Associates Inc is a $11.9B technology company. Revenue grew 110.4% over the last year, and it keeps 19¢ of every dollar of sales as profit. It trades at 56.8× earnings — in the cheapest third of its own history.

> Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers.

## Identity

- **Ticker**: MANH
- **Sector**: Technology
- **Industry**: Services-Prepackaged Software
- **Headquarters**: ATLANTA, GA
- **Employees**: 4 100
- **Website**: https://www.manh.com
- **Market cap**: $11.9B
- **Last price**: $204.89
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $1.13B
- **Net income**: $210M
- **Free cash flow**: $399M
- **P/E**: 56.8
- **Revenue growth (YoY)**: 110.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 37 |
| Growth | 90 |
| Profitability | 65 |
| Health | 56 |
| Quality | 90 |
| Moat | 95 |

## Qualifications (beginner checklist) — 8 of 10 passed

- [x] Revenue growing — +110.4% YoY
- [x] Profitable — $210M TTM
- [x] Profit growing — +21.0% YoY
- [x] Generates cash — $399M TTM
- [ ] Debt under control — current ratio 0.98
- [x] Established company — $11.9B market cap
- [x] Not printing shares — -5.1% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 15.1 — safe
- [ ] Valuation not extreme — P/E 56.8

## Experience (career milestones)

- **FY2025** — Best year on record: $220M net income
- **FY2024** — Revenue crossed $1B: $1.04B for the year
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **1983** — They are administered by the non-profit Manhattan Association of Cabarets & Clubs (MAC), founded in 1983

## Strengths

- High gross margin (55.8%)
- Revenue growing 110.4% year over year
- Strong cash conversion — FCF is 35.4% of revenue
- Interest covered 35.0× by operating earnings
- Altman Z-Score 15.11 — low bankruptcy-risk zone

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $664M | $110M | $181M |
| FY2022 | $767M | $129M | $173M |
| FY2023 | $929M | $177M | $241M |
| FY2024 | $1.04B | $218M | $286M |
| FY2025 | $1.08B | $220M | $374M |

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Source: https://stockcv.com/MANH — derived from company filings; may be delayed or incomplete. Information, not investment advice.