Manhattan Associates Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Manhattan Associates Inc (MANH) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Manhattan Associates Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1,157M vs 463,505M combined for its competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+5.9% annualized vs trailing 12 months), vs accelerating (+6.3%) for its tracked peer group.
- Growth: Manhattan Associates Inc generated 11.0% revenue growth year over year in Q3 2026, vs 19.0% for its competitors combined.
- Profitability: Its 20.0% net margin compares with 34.4% for the peer group.
- Scale: Manhattan Associates Inc ranks #38 of 255 companies by market capitalization in the Software & Programming industry, holding 0.2% of industry market cap.
- Peer revenue share: Manhattan Associates Inc accounted for 0.3% of combined revenue among its tracked peer group, down from 0.3% a year earlier.
- Peer differentiation: Revenue per employee of $0.26M compares with $0.99M for the peer group (0.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MANH Sales vs. its Competitors, Q3 2026
Manhattan Associates Inc reported revenue growth of 11.02 % year on year in Q3 2026, below its competitors' combined revenue growth of 19.04 %.
With a net margin of 20.03 %, Manhattan Associates Inc reported lower profitability than its competitors (34.35 %).
Manhattan Associates Inc generated 0.25 % of the combined sales of its peer group, down from 0.27 % a year earlier.
API endpoints for this dataset
Manhattan Associates Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Manhattan Associates Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Manhattan Associates Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Manhattan Associates Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (2) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Manhattan Associates Inc's competitor groups requires a Commercial License.
For context: the Software & Programming industry grew revenue 16.7% year over year, combined, vs 11.0% for Manhattan Associates Inc. Manhattan Associates Inc's share of combined industry revenue moved from 0.10% to 0.09%, a gain of 0.00 percentage points.
Manhattan Associates Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Manhattan Associates Inc | Yes | Yes | No | No |
| Competitors combined (20) | ||||
| High-Confidence Competitors (6) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 50.00 % (4 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MANH Stock Performance relative to its Competitors
MANH Stock Performance relative to High-Confidence Competitors
MANH Stock Performance relative to Similar-Size Competitors
MANH Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Upland Software Inc | 282.9% | Outperformed |
| 2 | Paylocity Holding Corporation | 282.9% | Outperformed |
| 3 | Block Inc | 282.9% | Outperformed |
| 4 | Healthstream Inc | 282.9% | Outperformed |
| 5 | Freshworks Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Manhattan Associates Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Manhattan Associates Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Manhattan Associates Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Manhattan Associates Inc |
14,846.27 | 1,156.59 |
 Microsoft Corporation |
3,950,922.06 | 346,445.00 |
 Oracle Corporation |
348,300.00 | 73,266.00 |
 Salesforce Inc |
175,406.65 | 43,938.00 |
 Servicenow Inc |
106,355.83 | 15,431.00 |
 Block Inc |
52,563.52 | 25,646.37 |
| SUBTOTAL | 4,733,386.70 | 525,154.64 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Manhattan Associates Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Manhattan Associates Inc's Competitors Named by the Company
Competitive relationships identified from Manhattan Associates Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Cid Holdco Inc | Company report | 85% |
| HighJump | Company report | 85% |
| JDA | Company report | 85% |
| Relex | Company report | 85% |
| Sterling Commerce | Company report | 85% |
| Blue Yonder/Panasonic | Company report | 85% |
| Infios | Company report | 85% |
| Korber | Company report | 85% |
| SAP | Company report | 85% |
| Aptos | Company report | 85% |
| Salesforce | Company report | 85% |
| E2Open | Company report | 85% |
| Infor | Company report | 85% |
| Oracle | Company report | 85% |
| SAS Institute | Company report | 85% |
| IBM | Company report | 85% |
| Jumpmind | Company report | 85% |
| Sterling Commerce division of IBM | Company report | 85% |
| Blue Yonder | Company report | 85% |
| HighJump Software Inc. | Company report | 85% |
| JDA Software Group, Inc. | Company report | 85% |
| Salesforce.com | Company report | 85% |
| Sps Commerce Inc | Company report | 85% |
| Qad Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Manhattan Associates Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Manhattan Associates Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Microsoft Corporation | Agents and Infra 83.22 % |
| Oracle Corporation | Cloud and Software Business 83.96 % |
| Block Inc | Cash App 60.63 % |
| Paylocity Holding Corporation | Reportable 100.00 % |
| Progress Software Corp | Reportable 100.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Manhattan Associates Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Manhattan Associates Inc | 14,846 | 264,665 | 48,729 |
| Microsoft Corporation | 3,950,922 | 1,553,565 | 639,601 |
| Oracle Corporation | 348,300 | 519,617 | 134,184 |
| Salesforce Inc | 175,407 | 604,524 | 132,935 |
| Servicenow Inc | 106,356 | 528,694 | 49,508 |
| Block Inc | 52,564 | 2,513,118 | 45,035 |
| PEERS TOTAL | 4,718,540 | 989,977 | 328,368 |
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Manhattan Associates Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Manhattan Associates Inc | Americas 76.15 % |
| Microsoft Corporation | US 53.60 % |
| Oracle Corporation | Americas 63.46 % |
| Salesforce Inc | Americas 64.97 % |
| Servicenow Inc | North America 62.69 % |
| Block Inc | United States 90.67 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Manhattan Associates Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 229 companies in Manhattan Associates Inc's industry classification, broader than the peer set above. Market cap in millions of $.Manhattan Associates Inc ranks #38 of 229 companies by market capitalization in its industry, holding 0.20 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,855, indicating a highly concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Microsoft Corporation | 3,954,636 | 52.39 % |
| 2 | Palantir Technologies Inc | 411,967 | 5.46 % |
| 3 | Oracle Corporation | 338,315 | 4.48 % |
| 4 | Sap Se | 307,220 | 4.07 % |
| 5 | Crowdstrike Holdings Inc | 1,234 | 5.2% |
| 6 | Shopify Inc | 1,234 | 5.2% |
| 7 | Full Truck Alliance Co Ltd | 1,234 | 5.2% |
| 8 | Salesforce Inc | 1,234 | 5.2% |
| 9 | Servicenow Inc | 1,234 | 5.2% |
| 10 | Snowflake Inc | 1,234 | 5.2% |
| 38 | Manhattan Associates Inc | 14,913 | 0.20 % |
Market cap and industry share for the rest of Manhattan Associates Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Manhattan Associates Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 33 | Tyler Technologies Inc | 17,602 | -12.73 % |
| 34 | Nutanix Inc | 17,055 | -14.27 % |
| 35 | Netease Inc | 16,699 | -7.90 % |
| 36 | Check Point Software Technologies Ltd | 15,846 | -25.23 % |
| 37 | Docusign Inc | 1,234 | 12.3% |
| 38 | Manhattan Associates Inc | 14,913 | 39.78 % |
| 39 | Bentley Systems Incorporated | 1,234 | 12.3% |
| 40 | Guidewire Software Inc | 1,234 | 12.3% |
| 41 | Dynatrace Inc | 1,234 | 12.3% |
| 42 | Jfrog Ltd | 1,234 | 12.3% |
| 43 | Procore Technologies Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Manhattan Associates Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Manhattan Associates Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Software & Programming industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (442 companies). See the full Software & Programming industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 55.93 % | 50.49 % (avg) | +5.4 pp |
| Operating Margin | 24.14 % | industry median | +17.1 pp |
| EBITDA Margin | 27.04 % | 1.87 % (avg) | +25.2 pp |
| Capital Intensity (Capex / Revenue) | 0.93 % | 5.22 % (avg) | -4.3 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Manhattan Associates Inc's Valuation vs Competitive Position
Valuation multiples vs the Software & Programming industry average (442 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Software & Programming industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 53.7x | 40.5x | +13.2x |
| EV / EBITDA | 35.2x | 20.3x | +14.9x |
| P/B | 51.2x | 5.5x | +45.7x |
| Return on Equity | 96.99 % | industry aggregate | 65.57 % |
| Return on Invested Capital | 59.01 % | -3.23 % (avg) | 62.24 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Manhattan Associates Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -5.96 % | 10.51 % | -5.11 % | 13.18 % | 15.59 % | 21.07 % | 12.23 % | 3.75 % |
| Operating Margin | 23.94 % | 18.76 % | 19.45 % | 20.24 % | 19.91 % | 22.60 % | 25.10 % | 25.87 % |
| Return on Invested Capital | 45.04 % | 33.61 % | 29.35 % | 27.02 % | 34.44 % | 49.97 % | 49.48 % | 48.75 % |
| P/E | 29.5x | 61.2x | 76.1x | 89.4x | 59.0x | 75.0x | 81.2x | 50.9x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Manhattan Associates Inc's Strategic Group Map
Manhattan Associates Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Manhattan Associates Inc's trailing-12-month revenue growth of 8.4% and operating margin of 24.1% compares with an average of 13.6% growth and 26.0% margin across its 8 closest peers by combined growth, margin and ROIC -- Manhattan Associates Inc sits below that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Manhattan Associates Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Manhattan Associates Inc falls in the Question Mark quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 11.3% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Microsoft Corporation alone holds 52% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Manhattan Associates Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 2,855 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.93 % vs industry average 5.22 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Manhattan Associates Inc's dedicated Suppliers and Customers pages, not here.
Manhattan Associates Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Manhattan Associates Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Manhattan Associates Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 17.1 points above the industry median.
- Return on equity 65.6 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+5.9% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.00x).
Opportunities
- Industry revenue growing at a healthy 11.3% median pace.
Threats
- Industry dominated by Microsoft Corporation, holding 52.39 % of industry market cap.
Methodology: see Methodology: SWOT Analysis.
Manhattan Associates Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Manhattan Associates Inc | 0.50 | 1.11 | - |
| Microsoft Corporation | 0.16 | 1.27 | 0.10 |
| Oracle Corporation | 0.72 | 1.12 | 2.83 |
| Salesforce Inc | 0.30 | 0.83 | 0.53 |
| Servicenow Inc | 0.26 | 0.81 | 0.36 |
| Block Inc | 0.63 | 2.15 | 0.40 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Manhattan Associates Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Manhattan Associates Inc | Q3 2026 | +11.0 % | +4.6 % |
| Microsoft Corporation | Q3 2026 | +18.8 % | +32.0 % |
| Oracle Corporation | Q3 2026 | +24.0 % | +62.6 % |
| Salesforce Inc | Q2 2026 | +10.8 % | +86.9 % |
| Servicenow Inc | Q3 2026 | +20.5 % | -44.8 % |
| Block Inc | Q3 2026 | +9.9 % | +22.5 % |
| PEERS TOTAL | +18.4 % | +36.4 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Manhattan Associates Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Manhattan Associates Inc | Q3 2026 | +10.1 % | -83.3 % |
| Microsoft Corporation | Q3 2026 | +23.6 % | +103.0 % |
| Oracle Corporation | Q3 2026 | - | +235.2 % |
| Salesforce Inc | Q2 2026 | +18.2 % | +26.7 % |
| Servicenow Inc | Q3 2026 | +56.5 % | -62.7 % |
| Block Inc | Q3 2026 | +7.0 % | -12.7 % |
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Manhattan Associates Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Manhattan Associates Inc | 28.12% | 83.98% | 96.99% |
| Microsoft Corporation | 20.01% | 23.87% | 34.15% |
| Oracle Corporation | 7.73% | 9.84% | 44.45% |
| Salesforce Inc | 9.12% | 12.41% | 20.15% |
| Servicenow Inc | 5.07% | 8.31% | 11.49% |
| Block Inc | 1.15% | 1.30% | 2.07% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Manhattan Associates Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Manhattan Associates Inc | 71.01 | 12.84 |
| Microsoft Corporation | 27.71 | 11.40 |
| Oracle Corporation | 18.20 | 4.75 |
| Salesforce Inc | 19.55 | 3.99 |
| Servicenow Inc | 73.36 | 6.89 |
| Block Inc | 115.41 | 2.05 |
| PEERS AVERAGE | 27.20 | 9.01 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.