Manhattan Associates, Inc. (MANH)

Manhattan Associates, Inc. (MANH) Technology Profile & Competitive Position

Manhattan Associates, Inc. specializes in supply chain and omni-channel commerce solutions, offering software and services that optimize inventory, warehouse management, and transportation. Serving diverse industries globally, Manhattan Associates competes with companies like Dayforce Inc and Procore Technologies, Inc. in the application software market.

What Is the Investment Thesis for MANH?

Manhattan Associates presents a compelling investment case based on its strong market position in the supply chain and omni-channel commerce solutions space. With a P/E ratio of 38.0 and a healthy profit margin of 19.7%, the company demonstrates financial stability. Growth catalysts include the increasing demand for efficient supply chain management solutions and the expansion of omni-channel retail. The company's focus on innovation and its comprehensive suite of solutions position it well for continued growth. However, potential risks include increased competition and the impact of economic downturns on customer spending. Investors should monitor these factors to assess the long-term viability of Manhattan Associates.

Based on FMP financials and quantitative analysis

MANH Key Highlights

• Market capitalization of $9.10B, reflecting investor confidence in the company's market position.
• Profit margin of 19.7%, indicating efficient operations and strong profitability.
• Gross margin of 55.6%, showcasing the company's ability to maintain pricing power and manage costs effectively.
• Beta of 1.05, suggesting the stock's volatility is similar to the overall market.
• Manhattan SCALE and Manhattan Active platforms drive revenue through comprehensive supply chain solutions.

Who Are MANH's Competitors?

MANH 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 MANH's Key Strengths?

• Comprehensive suite of supply chain and omni-channel solutions.
• Strong market position and brand reputation.
• High customer retention rates.
• Experienced management team.

What Are MANH's Weaknesses?

• Reliance on specific industries, such as retail.
• Exposure to economic cycles and customer spending patterns.
• Potential for disruption from emerging technologies.
• Limited geographic diversification compared to larger competitors.

What Could Drive MANH Stock Higher?

• Continued adoption of Manhattan Active solutions by retailers.
• Launch of new AI-powered supply chain optimization features in Q3 2026.
• Expansion into new geographic markets, particularly in Asia Pacific.
• Potential strategic acquisitions to expand product portfolio in Q4 2026.

What Are the Key Risks for MANH?

• Insider selling — insiders were net sellers of roughly $3.0M recently.
• Increased competition from established and emerging players.
• Rapid technological changes and evolving customer needs.
• Economic downturns and reduced customer spending.
• Cybersecurity threats and data breaches.
• Integration challenges related to future acquisitions.

What Are the Growth Opportunities for MANH?

• Expansion in the Asia Pacific region: The growing e-commerce market in Asia Pacific presents a significant growth opportunity for Manhattan Associates. By expanding its presence in this region, the company can tap into a large and rapidly growing market for supply chain and omni-channel solutions. This expansion could involve establishing new partnerships, opening new offices, and tailoring its solutions to meet the specific needs of Asian customers. The Asia Pacific e-commerce market is projected to reach trillions of dollars in the coming years, offering substantial revenue potential.
• Increased adoption of cloud-based solutions: The shift towards cloud-based solutions is accelerating, and Manhattan Associates is well-positioned to capitalize on this trend. By offering its solutions on the cloud, the company can attract new customers, reduce its operating costs, and improve its scalability. The cloud-based supply chain management market is expected to grow significantly in the next few years, driven by the benefits of increased flexibility, reduced IT costs, and improved collaboration.
• Development of advanced analytics and AI capabilities: Investing in advanced analytics and artificial intelligence (AI) can enhance Manhattan Associates' solutions and provide its customers with valuable insights. By incorporating AI into its products, the company can help its customers optimize their supply chains, improve their inventory management, and personalize their customer experiences. The market for AI-powered supply chain solutions is growing rapidly, driven by the increasing availability of data and the advancements in AI technology.
• Strategic acquisitions: Manhattan Associates can pursue strategic acquisitions to expand its product portfolio, enter new markets, and gain access to new technologies. By acquiring complementary businesses, the company can strengthen its competitive position and accelerate its growth. Potential acquisition targets could include companies specializing in areas such as transportation management, warehouse automation, and supply chain analytics. Successful acquisitions can create synergies and drive long-term value for shareholders.
• Focus on sustainability solutions: With increasing awareness of environmental issues, there is a growing demand for sustainable supply chain solutions. Manhattan Associates can develop and offer solutions that help its customers reduce their carbon footprint, optimize their resource consumption, and improve their overall sustainability performance. By positioning itself as a leader in sustainable supply chain management, the company can attract new customers and enhance its brand reputation. The market for sustainable supply chain solutions is expected to grow significantly as businesses prioritize environmental responsibility.

What Opportunities Does MANH Have?

• Expansion into new geographic markets.
• Increased adoption of cloud-based solutions.
• Development of advanced analytics and AI capabilities.
• Strategic acquisitions to expand product portfolio.

What Threats Does MANH Face?

• Intense competition from established and emerging players.
• Rapid technological changes and evolving customer needs.
• Economic downturns and reduced customer spending.
• Cybersecurity threats and data breaches.

What Are MANH's Competitive Advantages?

• Specialized expertise in supply chain and omni-channel commerce.
• Long-standing relationships with key customers.
• Comprehensive suite of integrated solutions.
• Strong brand reputation in the industry.
• High switching costs for customers due to complex implementations.

What Does MANH Do?

Founded in 1990 and headquartered in Atlanta, Georgia, Manhattan Associates, Inc. has evolved into a leading provider of supply chain and omni-channel commerce solutions. The company develops, sells, deploys, services, and maintains software designed to manage supply chains, inventory, and omni-channel operations. Its flagship offerings include Manhattan SCALE, a portfolio of logistics execution solutions encompassing trading partner management, yard management, optimization, warehouse management, and transportation execution services. Manhattan Active, another key product, provides enterprise and store omni-channel solutions. Manhattan Associates also offers inventory optimization, planning, and allocation solutions, complemented by maintenance services such as customer support and software enhancements. Professional services, including solutions planning and implementation, and related consulting, are also integral to their business model. The company further resells computer hardware, radio frequency terminal networks, radio frequency identification chip readers, bar code printers and scanners, and other peripherals. Manhattan Associates serves a diverse range of industries, including grocery, food and beverage, manufacturing, medical and pharmaceutical, retail, third-party logistics, and wholesale. The company operates across the Americas, Europe, the Middle East, Africa, and the Asia Pacific, delivering solutions through direct sales personnel and strategic partnerships.

What Products and Services Does MANH Offer?

• Develops and sells software solutions for supply chain management.
• Provides solutions for inventory optimization and planning.
• Offers omni-channel commerce solutions for retailers.
• Delivers warehouse management systems (WMS).
• Provides transportation management systems (TMS).
• Offers professional services, including implementation and consulting.
• Resells computer hardware and related peripherals.

How Does MANH Make Money?

• Software license fees for on-premise deployments.
• Subscription fees for cloud-based solutions.
• Professional services revenue from implementation and consulting.
• Maintenance and support fees for ongoing software maintenance.
• Reselling hardware and peripherals.

What Industry Does MANH Operate In?

Manhattan Associates operates in the application software industry, which is experiencing growth driven by the increasing complexity of supply chains and the rise of omni-channel retail. The market is competitive, with players like Dayforce Inc and Procore Technologies, Inc. vying for market share. Manhattan Associates differentiates itself through its comprehensive suite of solutions and its focus on specific industries, such as retail and logistics. The industry is expected to continue growing as businesses seek to optimize their operations and enhance customer experiences.

Who Are MANH's Key Customers?

• Grocery and food and beverage companies.
• Manufacturing businesses.
• Medical and pharmaceutical companies.
• Retailers with omni-channel operations.
• Third-party logistics providers.

Net buyingInsider Activity

Over the past six months, Manhattan Associates, Inc. insiders filed 30 SEC Form 4 transactions — 11 sales and 19 purchases. On net that is roughly 65K shares acquired (about $3.0M) — insiders putting money in tends to read as conviction.

FY2026 estForward Outlook

Wall Street analysts project Manhattan Associates, Inc. revenue of about $1.15B for fiscal 2026, with EPS near $5.36. The estimate reflects 9 contributing analysts.

F-Score 5/9Financial Health

Manhattan Associates, 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 13.33 places it in the safe zone, indicating low near-term bankruptcy risk.

ROE 78%Key Financial Metrics

Return on equity for Manhattan Associates, Inc. stands at 78.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 29.3%, showing how much profit it generates from its asset base. MANH trades at a trailing price-to-earnings ratio of 37.98, roughly in line with the Technology sector average of ~38x. Its free cash flow yield is 4.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.10 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 2.5%, the inverse of the P/E and a quick read on earnings relative to price.

Manhattan Associates, Inc. (MANH) Valuation Context

Valued at $9.10B, MANH is classified as a mid-cap stock. Relative to its peer group, MANH's quantitative score of 87/100 is above the peer average of 61/100.

Company Profile

Manhattan Associates, Inc. operates in the Software - Application industry within the Technology sector. It is headquartered in Atlanta, US. The company is led by CEO Eric A. Clark. MANH has traded publicly since 1998.

MANH Financials

MANH Latest News

MANH Analyst Consensus

MANH MoonshotScore

Common Questions About MANH (Technology)

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

Official Resources