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
DateValue
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%