Manhattan Associates (MANH) Return on Capital Employed [ROCE] (2011 - 2026)
Manhattan Associates (MANH) reported Return on Capital Employed [ROCE] of 112.05% for Q2 2026, up 26.63 percentage points from 85.42% a year earlier and up 24.76 percentage points from the prior quarter.
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Analysis
Manhattan Associates (MANH) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For FY2025, Manhattan Associates posted Return on Capital Employed [ROCE] of 81.68%, down 1.33 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of +30.27 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 83.01% in FY2024 (+0.97 pp), 82.03% in FY2023 (+18.23 pp), 63.80% in FY2022 (+10.81 pp) and 52.99% in FY2021 (+1.58 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Capital Employed [ROCE] since Q2 2017.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last three quarters, with an average year-over-year change of +4.28 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q2 2023 (a gain of 32.06 percentage points); the low point was Q2 2024 (a drop of 12.80 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 87.29% (Q1 2026), 80.36% (Q4 2025) and 76.74% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 49.70 Bn | 21.94 Bn | 695.95 Mn | 13.55% |
| 3 | Samsara | 24.71 Bn | 21.48 Bn | 392.58 Mn | 1.12% |
| 4 | Ptc | 22.46 Bn | 21.27 Bn | 490.47 Mn | 21.53% |
| 5 | Toast | 20.17 Bn | 12.81 Bn | 543.00 Mn | 23.08% |
| 6 | Manhattan Associates | 14.80 Bn | 13.86 Bn | 174.30 Mn | 114.12% |
| 7 | Bentley Systems | 14.11 Bn | 13.58 Bn | 349.55 Mn | 15.90% |
| 8 | Trimble | 12.72 Bn | 11.80 Bn | 659.10 Mn | 8.96% |
| 9 | Costar | 12.56 Bn | 7.94 Bn | 741.00 Mn | 2.23% |
| 10 | Procore Technologies | 11.50 Bn | 8.87 Bn | 323.62 Mn | -3.66% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 114.12% |
| Jun 30, 2026 | 112.05% |
| Mar 31, 2026 | 87.29% |
| Dec 31, 2025 | 80.36% |
| Sep 30, 2025 | 76.74% |
| Jun 30, 2025 | 85.42% |
| Mar 31, 2025 | 81.48% |
| Dec 31, 2024 | 79.87% |
| Sep 30, 2024 | 81.31% |
| Jun 30, 2024 | 77.48% |
| Mar 31, 2024 | 72.98% |
| Dec 31, 2023 | 81.58% |
| Sep 30, 2023 | 90.12% |
| Jun 30, 2023 | 90.28% |
| Mar 31, 2023 | 72.80% |
| Dec 31, 2022 | 67.31% |
| Sep 30, 2022 | 58.62% |
| Jun 30, 2022 | 58.22% |
| Mar 31, 2022 | 53.18% |
| Dec 31, 2021 | 48.33% |
API Access
Manhattan Associates Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=MANH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=MANH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();