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Manhattan Associates Valuation Multiples
Discover revenue and EBITDA valuation multiples for Manhattan Associates and similar public comparables like Ingram Micro, Zhuzhou CRRC Times, Descartes Systems Group, Full Truck Alliance and more.
Manhattan Associates Overview
About Manhattan Associates
Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers worldwide.
Founded
1998
HQ

Employees
4.4K
Website
Sectors
Financials (LTM)
EV
$8B
Manhattan Associates Financials
Manhattan Associates reported last 12-month revenue of $1B and EBITDA of $396M.
In the same LTM period, Manhattan Associates generated $664M in gross profit, $396M in EBITDA, and $311M in net income.
Revenue (LTM)
Manhattan Associates P&L
In the most recent fiscal year, Manhattan Associates reported revenue of $1B and EBITDA of $395M.
Manhattan Associates expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $664M | XXX | $609M | XXX | XXX | XXX |
| Gross Margin | 60% | XXX | 56% | XXX | XXX | XXX |
| EBITDA | $396M | XXX | $395M | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 37% | XXX | XXX | XXX |
| EBIT Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| Net Profit | $311M | XXX | $309M | XXX | XXX | XXX |
| Net Margin | 28% | XXX | 29% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Manhattan Associates Stock Performance
Manhattan Associates has current market cap of $8B, and enterprise value of $8B.
Market Cap Evolution
Manhattan Associates' stock price is $132.71.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $8B | 2.2% | XXX | XXX | XXX | $5.22 |
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Start Free TrialManhattan Associates Valuation Multiples
Manhattan Associates trades at 6.9x EV/Revenue multiple, and 19.2x EV/EBITDA.
EV / Revenue (LTM)
Manhattan Associates Financial Valuation Multiples
As of April 19, 2026, Manhattan Associates has market cap of $8B and EV of $8B.
Equity research analysts estimate Manhattan Associates' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Manhattan Associates has a P/E ratio of 25.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 6.9x | XXX | 7.0x | XXX | XXX | XXX |
| EV/EBITDA | 19.2x | XXX | 19.2x | XXX | XXX | XXX |
| EV/EBIT | 19.4x | XXX | 19.6x | XXX | XXX | XXX |
| EV/Gross Profit | 11.4x | XXX | 12.5x | XXX | XXX | XXX |
| P/E | 25.3x | XXX | 25.4x | XXX | XXX | XXX |
| EV/FCF | 20.3x | XXX | 20.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Manhattan Associates Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Manhattan Associates Margins & Growth Rates
Manhattan Associates' revenue in the last 12 month grew by 7%.
Manhattan Associates' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Manhattan Associates' rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Manhattan Associates' rule of X is 50% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Manhattan Associates Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 37% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 1% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 41% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 7% | XXX | 8% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 9% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 11% | XXX | 13% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 30% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Manhattan Associates Public Comps
See public comps and valuation multiples for other Supply Chain Management Software and Transportation & Logistics Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Manhattan Associates | XXX | XXX | XXX | XXX | XXX | XXX |
| Ingram Micro | XXX | XXX | XXX | XXX | XXX | XXX |
| Zhuzhou CRRC Times | XXX | XXX | XXX | XXX | XXX | XXX |
| Descartes Systems Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Full Truck Alliance | XXX | XXX | XXX | XXX | XXX | XXX |
| ServiceTitan | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Manhattan Associates M&A Activity
Manhattan Associates acquired XXX companies to date.
Last acquisition by Manhattan Associates was on XXXXXXXX, XXXXX. Manhattan Associates acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Manhattan Associates
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialManhattan Associates Investment Activity
Manhattan Associates invested in XXX companies to date.
Manhattan Associates made its latest investment on XXXXXXXX, XXXXX. Manhattan Associates invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Manhattan Associates
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Manhattan Associates
| When was Manhattan Associates founded? | Manhattan Associates was founded in 1998. |
| Where is Manhattan Associates headquartered? | Manhattan Associates is headquartered in United States. |
| How many employees does Manhattan Associates have? | As of today, Manhattan Associates has over 4K employees. |
| Who is the CEO of Manhattan Associates? | Manhattan Associates' CEO is Eric Andrew Clark. |
| Is Manhattan Associates publicly listed? | Yes, Manhattan Associates is a public company listed on Nasdaq. |
| What is the stock symbol of Manhattan Associates? | Manhattan Associates trades under MANH ticker. |
| When did Manhattan Associates go public? | Manhattan Associates went public in 1998. |
| Who are competitors of Manhattan Associates? | Manhattan Associates main competitors are Ingram Micro, Zhuzhou CRRC Times, Descartes Systems Group, Full Truck Alliance. |
| What is the current market cap of Manhattan Associates? | Manhattan Associates' current market cap is $8B. |
| What is the current revenue of Manhattan Associates? | Manhattan Associates' last 12 months revenue is $1B. |
| What is the current revenue growth of Manhattan Associates? | Manhattan Associates revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Manhattan Associates? | Current revenue multiple of Manhattan Associates is 6.9x. |
| Is Manhattan Associates profitable? | Yes, Manhattan Associates is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Manhattan Associates? | Manhattan Associates' last 12 months EBITDA is $396M. |
| What is Manhattan Associates' EBITDA margin? | Manhattan Associates' last 12 months EBITDA margin is 36%. |
| What is the current EV/EBITDA multiple of Manhattan Associates? | Current EBITDA multiple of Manhattan Associates is 19.2x. |
| What is the current FCF of Manhattan Associates? | Manhattan Associates' last 12 months FCF is $374M. |
| What is Manhattan Associates' FCF margin? | Manhattan Associates' last 12 months FCF margin is 34%. |
| What is the current EV/FCF multiple of Manhattan Associates? | Current FCF multiple of Manhattan Associates is 20.3x. |
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