Manhattan Associates (MANH) EV to FCF (2011 - 2026)
Manhattan Associates' EV to FCF was 19.87 in Q2 2026, down 47.9% from 38.11 a year earlier and down 1.4% from the prior quarter.
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Analysis
Manhattan Associates (MANH) EV to FCF (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Manhattan Associates' EV to FCF was 17.82 through Jun 30, 2026, down 50.3% year-over-year; for FY2025, it came in at 26.85, down 52.5% from FY2024.
- In earlier years, EV to FCF was 56.57 in FY2024 (+5.2%), 53.77 in FY2023 (+27.0%), 42.33 in FY2022 (-19.8%) and 52.75 in FY2021 (+12.5%).
- The Q2 2026 figure marks the lowest quarterly EV to FCF since Q2 2018.
- Compared with a year earlier, EV to FCF has declined for six straight quarters, with an average decline of 31.0% over the last eight quarters.
- The best year-over-year quarter for EV to FCF over five years was Q2 2023 (growth of 66.0%); the worst was Q4 2025 (a decline of 52.5%).
- Per Business Quant data, MANH's EV to FCF in the three quarters before Q2 2026 was 20.15 (Q1 2026), 26.85 (Q4 2025) and 36.28 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - |
| 2 | Veeva Systems | 46.20 Bn | 18.45 Bn | 695.95 Mn |
| 3 | Samsara | 22.32 Bn | 19.09 Bn | 392.58 Mn |
| 4 | Toast | 16.73 Bn | 9.40 Bn | 516.00 Mn |
| 5 | Ptc | 15.53 Bn | 14.35 Bn | 490.47 Mn |
| 6 | Duolingo | 13.32 Bn | 8.49 Bn | 216.74 Mn |
| 7 | Trimble | 13.32 Bn | 12.38 Bn | 674.90 Mn |
| 8 | Manhattan Associates | 11.58 Bn | 10.58 Bn | 168.33 Mn |
| 9 | Costar | 11.10 Bn | 5.07 Bn | 728.00 Mn |
| 10 | Bentley Systems | 9.64 Bn | 9.10 Bn | 336.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.87 |
| Mar 31, 2026 | 20.15 |
| Dec 31, 2025 | 26.85 |
| Sep 30, 2025 | 36.28 |
| Jun 30, 2025 | 38.11 |
| Mar 31, 2025 | 33.41 |
| Dec 31, 2024 | 56.57 |
| Sep 30, 2024 | 62.59 |
| Jun 30, 2024 | 55.75 |
| Mar 31, 2024 | 64.44 |
| Dec 31, 2023 | 53.77 |
| Sep 30, 2023 | 57.66 |
| Jun 30, 2023 | 64.61 |
| Mar 31, 2023 | 47.01 |
| Dec 31, 2022 | 42.33 |
| Sep 30, 2022 | 51.13 |
| Jun 30, 2022 | 38.92 |
| Mar 31, 2022 | 49.50 |
| Dec 31, 2021 | 52.75 |
| Sep 30, 2021 | 52.39 |
API Access
Manhattan Associates EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=MANH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "MANH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=MANH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();