ManpowerGroup Inc. (MAN) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

ManpowerGroup Inc. (MAN) Industrial Operations Profile

ManpowerGroup Inc. (MAN) is a global workforce solutions company offering recruitment, training, and outsourcing services across diverse industries. With a broad network of offices in 75 countries, ManpowerGroup connects businesses with skilled talent, navigating the complexities of the modern labor market and providing tailored solutions to meet evolving workforce demands.

What Is the Investment Thesis for MAN?

ManpowerGroup presents a mixed investment case. The company's extensive global network and diverse service offerings provide a stable foundation. However, a recent profit margin of -0.1% raises concerns about profitability. The dividend yield of 4.91% may attract income-focused investors. The company's beta of 0.82 suggests lower volatility compared to the broader market. Future growth will depend on ManpowerGroup's ability to capitalize on evolving workforce trends, such as the increasing demand for skilled labor and the rise of remote work. Investors should closely monitor the company's ability to improve profitability and manage operational costs.

Based on FMP financials and quantitative analysis

MAN Key Highlights

• Market Cap of $2.49B reflects its position as a significant player in the workforce solutions industry.
• Gross Margin of 16.5% indicates the profitability of its core services, but highlights potential for improvement compared to industry leaders.
• Dividend Yield of 4.91% offers an attractive income stream for investors.
• Beta of 0.82 suggests lower volatility compared to the broader market, potentially appealing to risk-averse investors.
• Operates in 75 countries and territories, providing a diversified revenue base and mitigating geographic risks.

Who Are MAN's Competitors?

MAN is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are MAN's Key Strengths?

• Extensive global network and presence.
• Diverse service offerings across various industries.
• Strong brand recognition and reputation.
• Experienced management team.

What Are MAN's Weaknesses?

• Profit margin of -0.1% indicates profitability challenges.
• Dependence on economic cycles.
• Intense competition in the staffing industry.
• Exposure to currency fluctuations.

What Could Drive MAN Stock Higher?

• Increased demand for flexible workforce solutions due to economic uncertainty.
• Growing need for upskilling and reskilling programs to address the skills gap.
• Potential acquisitions to expand service offerings and market presence.
• Expansion in high-growth markets in Asia Pacific and Latin America.
• Leveraging technology to improve efficiency and enhance service delivery.

What Are the Key Risks for MAN?

• Negative return on equity (-0.8%) — the business is not currently generating profit on shareholder capital.
• Economic downturns and recessions impacting demand for staffing services.
• Increasing competition from new entrants and existing players.
• Changes in labor laws and regulations affecting employment practices.
• Technological disruptions automating certain job functions.
• Currency fluctuations impacting financial results.

What Are the Growth Opportunities for MAN?

• Expansion in High-Growth Markets: ManpowerGroup can focus on expanding its presence in high-growth markets in Asia Pacific and Latin America, where demand for skilled labor is increasing rapidly. These regions offer significant opportunities for revenue growth and market share expansion. By tailoring its services to meet the specific needs of these markets, ManpowerGroup can establish a strong foothold and capitalize on the growing demand for workforce solutions. This expansion could increase revenue by 10-15% over the next 3-5 years.
• Leveraging Technology for Enhanced Service Delivery: Investing in technology to automate and streamline its recruitment and staffing processes can improve efficiency and reduce costs. Implementing AI-powered tools for candidate sourcing and matching can enhance the quality of placements and improve client satisfaction. The company can also develop digital platforms to facilitate remote work and virtual training, catering to the evolving needs of the modern workforce. This could lead to a 5-10% reduction in operational costs.
• Focus on Upskilling and Reskilling Programs: With the rapid pace of technological change, there is a growing need for upskilling and reskilling programs to help workers adapt to new roles and industries. ManpowerGroup can expand its training and development offerings to address this demand, providing valuable services to both individuals and organizations. By partnering with educational institutions and industry experts, the company can develop customized training programs that meet the specific needs of its clients. This could generate an additional revenue stream of $50-100 million annually.
• Expanding Outsourcing Services: ManpowerGroup can further expand its outsourcing services, particularly in areas such as HR, IT, and customer service. By offering comprehensive outsourcing solutions, the company can help clients reduce costs, improve efficiency, and focus on their core competencies. The global outsourcing market is expected to continue to grow in the coming years, driven by the increasing need for specialized expertise and cost-effective solutions. This expansion could increase revenue by 10-15% over the next 3-5 years.
• Strategic Acquisitions: ManpowerGroup can pursue strategic acquisitions to expand its service offerings, enter new markets, or consolidate its position in existing markets. Acquiring companies with complementary capabilities or technologies can enhance the company's competitive advantage and accelerate its growth. Potential acquisition targets could include companies specializing in niche staffing areas, such as cybersecurity or data science, or companies with strong regional presence in key markets. This strategy could add 5-10% to revenue growth annually.

What Opportunities Does MAN Have?

• Expansion in high-growth markets.
• Leveraging technology for enhanced service delivery.
• Focus on upskilling and reskilling programs.
• Expanding outsourcing services.

What Threats Does MAN Face?

• Economic downturns and recessions.
• Increasing competition from new entrants.
• Changes in labor laws and regulations.
• Technological disruptions.

What Are MAN's Competitive Advantages?

• Global network of offices provides a wide geographic reach.
• Diverse service offerings cater to a wide range of workforce needs.
• Strong brand recognition and reputation in the staffing industry.
• Long-standing relationships with clients and candidates.

What Does MAN Do?

ManpowerGroup Inc., founded in 1948 and headquartered in Milwaukee, Wisconsin, is a global leader in workforce solutions. The company provides a range of services, including permanent, temporary, and contract recruitment, primarily under the Manpower and Experis brands. These services cater to a wide spectrum of roles, from administrative and industrial positions to specialized professional roles. ManpowerGroup also offers assessment, training, and career management services, helping individuals enhance their skills and advance their careers. In addition to recruitment and talent development, ManpowerGroup provides outsourcing services related to human resources functions, focusing on large-scale recruiting and workforce-intensive initiatives. The company's consulting services address organizational efficiency, individual development, and career mobility. ManpowerGroup operates through approximately 2,200 offices in 75 countries and territories, serving clients across the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. Its solutions also include recruitment process outsourcing, TAPFIN managed services, talent-based outsourcing services, and Proservia services in the digital services market and IT infrastructure sector.

What Products and Services Does MAN Offer?

• Provides permanent, temporary, and contract recruitment services.
• Offers assessment and training services to enhance workforce skills.
• Delivers career management and development programs.
• Provides outsourcing services related to human resources functions.
• Offers workforce consulting services to improve organizational efficiency.
• Provides professional resourcing and project-based solutions in IT, engineering, and finance.
• Offers recruitment process outsourcing (RPO) services.
• Provides TAPFIN managed services and talent-based outsourcing services.

How Does MAN Make Money?

• Generates revenue by charging fees for recruitment and placement services.
• Earns revenue from providing training and development programs.
• Receives fees for outsourcing services related to HR functions.
• Charges fees for workforce consulting services.

What Industry Does MAN Operate In?

ManpowerGroup operates within the global staffing and employment services industry, which is influenced by economic cycles, technological advancements, and demographic shifts. The industry is experiencing growth driven by the increasing demand for specialized skills and flexible workforce solutions. The rise of the gig economy and remote work has created new opportunities for staffing firms. Competition is intense, with companies vying for market share by offering innovative solutions and leveraging technology to improve efficiency. ManpowerGroup's extensive global network and diverse service offerings position it to capitalize on these trends.

Who Are MAN's Key Customers?

• Companies seeking to fill permanent, temporary, or contract positions.
• Individuals seeking employment or career advancement opportunities.
• Organizations looking to outsource HR functions.
• Businesses seeking workforce consulting services.

ManpowerGroup Inc. (MAN) Valuation Context

Valued at $2.49B, MAN is classified as a mid-cap stock. Relative to its peer group, MAN's quantitative score of 66/100 is roughly in line with the peer average of 62/100.

ROE -1%Key Financial Metrics

Return on equity for ManpowerGroup Inc. stands at -0.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -0.2%, showing how much profit it generates from its asset base. Its free cash flow yield is -7.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.12 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -0.9%, the inverse of the P/E and a quick read on earnings relative to price.

F-Score 5/9Financial Health

ManpowerGroup Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 3.26 places it in the safe zone, indicating low near-term bankruptcy risk.

FY2026 estForward Outlook

Wall Street analysts project ManpowerGroup Inc. revenue of about $19.16B for fiscal 2026, with EPS near $3.63. The estimate reflects 7 contributing analysts.

MAN Financials

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Common Questions About MAN (Industrials)

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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