Manhattan Associates (MANH) FCF Margin (2010 - 2026)
Manhattan Associates (MANH) reported FCF Margin of 28.33% for Q1 2026, up 3.0% year-over-year from 27.5% in Q1 2025, and down 46.21% quarter-over-quarter from 52.66% in Q4 2025.
Manhattan Associates (MANH) FCF Margin (2010 - 2026) Analysis & Trends
Manhattan Associates (MANH) has 17 years of FCF Margin data on file, last reported at 28.33% in Q1 2026.
- FCF Margin for Q1 2026 came in at 28.33%, up 3.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 34.48% (up 514.0% YoY), and the FY2025 annual result was 34.59%, up 712.0% from the prior year.
- FCF Margin declined to 28.33% in Q1 2026 per MANH's latest filing, from 52.66% in the prior quarter.
- Over five years, FCF Margin peaked at 52.66% in Q4 2025 and troughed at 17.12% in Q1 2022.
- A 5-year average of 27.66% and a median of 26.65% in 2022 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2025: FCF Margin sank 1551 bps in 2022, then jumped 1295 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 26.65% in 2022, then surged by 36 bps to 36.26% in 2023, then rose by 10 bps to 39.71% in 2024, then soared by 33 bps to 52.66% in 2025, then slumped by 46 bps to 28.33% in 2026.
- Business Quant data shows MANH's FCF Margin at 28.33% in Q1 2026, 52.66% in Q4 2025, and 31.61% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 36.77% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 17.31% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 15.02% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 58.89% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 20.82% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 41.64% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 36.83% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 31.84% |
| 10 | Manhattan Associates | 8.34 Bn | 8.12 Bn | 155.57 Mn | 28.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.33% |
| Dec 31, 2025 | 52.66% |
| Sep 30, 2025 | 31.61% |
| Jun 30, 2025 | 25.72% |
| Mar 31, 2025 | 28.30% |
| Dec 31, 2024 | 39.71% |
| Sep 30, 2024 | 22.98% |
| Jun 30, 2024 | 26.78% |
| Mar 31, 2024 | 20.59% |
| Dec 31, 2023 | 36.26% |
| Sep 30, 2023 | 24.11% |
| Jun 30, 2023 | 17.12% |
| Mar 31, 2023 | 26.27% |
| Dec 31, 2022 | 26.65% |
| Sep 30, 2022 | 19.19% |
| Jun 30, 2022 | 26.89% |
| Mar 31, 2022 | 17.12% |
| Dec 31, 2021 | 22.30% |
| Sep 30, 2021 | 34.69% |
| Jun 30, 2021 | 27.03% |