Manhattan Associates sells software that helps retailers and manufacturers run their warehouses, inventory, and online orders from one system. Think of it as the brain that coordinates everything from a product arriving at a dock to landing on a customer's doo
The company makes most of its money from recurring software licenses and maintenance, with gross margins around 55% and net margins near 20%. Revenue has grown from USD 0.93B in 2023 to USD 1.08B in 2025, showing steady, profitable expansion.
Manhattan's deep integration into complex supply chains creates high switching costs, but competitors like Blue Yonder and SAP are investing heavily in cloud-native solutions, eroding its edge. The moat is real but under pressure from these well-funded rivals.
Buy (sector percentile 72) — value C+, growth C-, profitability A, momentum B+, revisions B+. Updated daily, sector-relative, identical for every user.
