(MAN) ManpowerGroup - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US56418H1005

Stock: Recruitment, Staffing, Outsourcing, Consulting, Training

Total Rating 24
Risk 89
Buy Signal -0.51

EPS (Earnings per Share)

EPS (Earnings per Share) of MAN over the last years for every Quarter: "2020-12": 1.48, "2021-03": 1.11, "2021-06": 2.02, "2021-09": 1.93, "2021-12": 2.2, "2022-03": 1.88, "2022-06": 2.33, "2022-09": 2.21, "2022-12": 2.08, "2023-03": 1.61, "2023-06": 1.58, "2023-09": 1.38, "2023-12": 1.45, "2024-03": 0.94, "2024-06": 1.3, "2024-09": 1.29, "2024-12": 0.47, "2025-03": 0.44, "2025-06": 0.78, "2025-09": 0.83, "2025-12": 0.64,

Revenue

Revenue of MAN over the last years for every Quarter: 2020-12: 5054.9, 2021-03: 4924.4, 2021-06: 5277.1, 2021-09: 5140.6, 2021-12: 5382.3, 2022-03: 5143.3, 2022-06: 5074.1, 2022-09: 4800.9, 2022-12: 4809.2, 2023-03: 4752.3, 2023-06: 4856.1, 2023-09: 4675.6, 2023-12: 4630.5, 2024-03: 4403.3, 2024-06: 4520.7, 2024-09: 4530.2, 2024-12: 4399.7, 2025-03: 4090.3, 2025-06: 4519.3, 2025-09: 4713.1, 2025-12: 4713.1,

Dividends

Dividend Yield 4.32%
Yield on Cost 5y 1.85%
Yield CAGR 5y -13.06%
Payout Consistency 84.3%
Payout Ratio 53.5%
Risk 5d forecast
Volatility 49.7%
Relative Tail Risk -6.76%
Reward TTM
Sharpe Ratio -0.78
Alpha -52.76
Character TTM
Beta 0.927
Beta Downside 0.910
Drawdowns 3y
Max DD 67.46%
CAGR/Max DD -0.36

Description: MAN ManpowerGroup January 14, 2026

ManpowerGroup Inc. (NYSE: MAN) delivers global workforce solutions through its Talent Solutions, Manpower, and Experis brands, covering permanent, temporary, and contract recruitment across administrative, industrial, and IT roles, as well as assessment, up-skilling, career management, consulting, and HR outsourcing services such as TAPFIN.

In FY 2023 the company generated roughly $22 billion in revenue, with the Talent Solutions segment contributing about 70 % of that total; operating margins hovered near 4 %, reflecting the capital-light nature of staffing. The business is highly sensitive to macro-economic drivers-low U.S. unemployment (~3.5 % in Q4 2023) and tight labor markets have supported demand for contingent staffing, while wage growth pressures can compress margins. Additionally, the sector’s growth rate of ~5 % CAGR over the past five years is tied to corporate trends toward flexible workforces and digital transformation initiatives.

For a deeper, data-driven view of ManpowerGroup’s valuation metrics and peer comparisons, you may find ValueRay’s analyst dashboard useful.

Piotroski VR‑10 (Strict, 0-10) 1.5

Net Income: -1.10m TTM > 0 and > 6% of Revenue
FCF/TA: -0.02 > 0.02 and ΔFCF/TA -5.40 > 1.0
NWC/Revenue: 3.09% < 20% (prev 2.99%; Δ 0.10% < -1%)
CFO/TA -0.03 > 3% & CFO -268.0m > Net Income -1.10m
Net Debt (1.52b) to EBITDA (175.8m): 8.66 < 3
Current Ratio: 1.11 > 1.5 & < 3
Outstanding Shares: last quarter (46.3m) vs 12m ago -2.94% < -2%
Gross Margin: 16.61% > 18% (prev 0.17%; Δ 1644 % > 0.5%)
Asset Turnover: 207.8% > 50% (prev 217.7%; Δ -9.93% > 0%)
Interest Coverage Ratio: 1.57 > 6 (EBITDA TTM 175.8m / Interest Expense TTM 71.4m)

Altman Z'' 2.37

A: 0.06 (Total Current Assets 5.79b - Total Current Liabilities 5.23b) / Total Assets 9.16b
B: 0.41 (Retained Earnings 3.73b / Total Assets 9.16b)
C: 0.01 (EBIT TTM 111.9m / Avg Total Assets 8.68b)
D: 0.53 (Book Value of Equity 3.73b / Total Liabilities 7.10b)
Altman-Z'' Score: 2.37 = BBB

Beneish M -2.91

DSRI: 1.10 (Receivables 4.77b/4.30b, Revenue 18.04b/17.85b)
GMI: 1.04 (GM 16.61% / 17.29%)
AQI: 0.93 (AQ_t 0.31 / AQ_t-1 0.34)
SGI: 1.01 (Revenue 18.04b / 17.85b)
TATA: 0.03 (NI -1.10m - CFO -268.0m) / TA 9.16b)
Beneish M-Score: -2.91 (Cap -4..+1) = A

What is the price of MAN shares?

As of February 10, 2026, the stock is trading at USD 34.00 with a total of 1,114,745 shares traded.
Over the past week, the price has changed by -7.31%, over one month by +8.25%, over three months by +26.17% and over the past year by -36.29%.

Is MAN a buy, sell or hold?

ManpowerGroup has received a consensus analysts rating of 3.17. Therefor, it is recommend to hold MAN.
  • StrongBuy: 1
  • Buy: 1
  • Hold: 9
  • Sell: 1
  • StrongSell: 0

What are the forecasts/targets for the MAN price?

Issuer Target Up/Down from current
Wallstreet Target Price 39.7 16.7%
Analysts Target Price 39.7 16.7%
ValueRay Target Price 30.4 -10.7%

MAN Fundamental Data Overview February 10, 2026

P/E Forward = 9.7276
P/S = 0.0945
P/B = 0.8236
P/EG = 6.8706
Revenue TTM = 18.04b USD
EBIT TTM = 111.9m USD
EBITDA TTM = 175.8m USD
Long Term Debt = 1.05b USD (from longTermDebt, last quarter)
Short Term Debt = 732.4m USD (from shortTermDebt, last fiscal year)
Debt = 2.39b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 1.52b USD (from netDebt column, last fiscal year)
Enterprise Value = 3.22b USD (1.70b + Debt 2.39b - CCE 871.0m)
Interest Coverage Ratio = 1.57 (Ebit TTM 111.9m / Interest Expense TTM 71.4m)
EV/FCF = -15.62x (Enterprise Value 3.22b / FCF TTM -206.1m)
FCF Yield = -6.40% (FCF TTM -206.1m / Enterprise Value 3.22b)
FCF Margin = -1.14% (FCF TTM -206.1m / Revenue TTM 18.04b)
Net Margin = -0.01% (Net Income TTM -1.10m / Revenue TTM 18.04b)
Gross Margin = 16.61% ((Revenue TTM 18.04b - Cost of Revenue TTM 15.04b) / Revenue TTM)
Gross Margin QoQ = 16.27% (prev 16.27%)
Tobins Q-Ratio = 0.35 (Enterprise Value 3.22b / Total Assets 9.16b)
Interest Expense / Debt = 0.96% (Interest Expense 22.9m / Debt 2.39b)
Taxrate = 21.0% (US default 21%)
NOPAT = 88.4m (EBIT 111.9m * (1 - 21.00%))
Current Ratio = 1.11 (Total Current Assets 5.79b / Total Current Liabilities 5.23b)
Debt / Equity = 1.16 (Debt 2.39b / totalStockholderEquity, last quarter 2.06b)
Debt / EBITDA = 8.66 (Net Debt 1.52b / EBITDA 175.8m)
Debt / FCF = -7.39 (negative FCF - burning cash) (Net Debt 1.52b / FCF TTM -206.1m)
Total Stockholder Equity = 2.05b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.01% (Net Income -1.10m / Total Assets 9.16b)
RoE = -0.05% (Net Income TTM -1.10m / Total Stockholder Equity 2.05b)
RoCE = 3.60% (EBIT 111.9m / Capital Employed (Equity 2.05b + L.T.Debt 1.05b))
RoIC = 2.74% (NOPAT 88.4m / Invested Capital 3.23b)
WACC = 4.31% (E(1.70b)/V(4.09b) * Re(9.33%) + D(2.39b)/V(4.09b) * Rd(0.96%) * (1-Tc(0.21)))
Discount Rate = 9.33% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.50%
Fair Price DCF = unknown (Cash Flow -206.1m)
EPS Correlation: -86.33 | EPS CAGR: -24.98% | SUE: -0.81 | # QB: 0
Revenue Correlation: -67.48 | Revenue CAGR: -2.30% | SUE: 1.02 | # QB: 4
EPS next Quarter (2026-03-31): EPS=0.49 | Chg30d=+0.033 | Revisions Net=+1 | Analysts=10
EPS current Year (2026-12-31): EPS=3.72 | Chg30d=+0.033 | Revisions Net=+0 | Growth EPS=+25.4% | Growth Revenue=+4.5%
EPS next Year (2027-12-31): EPS=4.96 | Chg30d=-0.337 | Revisions Net=+0 | Growth EPS=+33.1% | Growth Revenue=+3.5%

Additional Sources for MAN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle