ManpowerGroup (MAN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

ManpowerGroup

NYSE•Industrials•Staffing & Employment Services

$46.21+0.72(0.02%)Market open

Market Cap

$2.23B

P/E

18.6x

P/S

0.1x

P/B

1.0x

ManpowerGroup Inc. provides workforce solutions and services under the Manpower, the Experis, and the Talent Solutions brands in the Americas, Southern Europe, Northern Europe, and the Asia Pacific/the Middle East. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative, industrial, and information technology professional positions; assessment, upskilling, reskilling, training and development, career management, and workforce consulting services; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives. It also offers contingent staffing and permanent recruitment services; information technology professional resourcing and project services; and recruitment process outsourcing solutions; and right management services, as well as TAPFIN, a managed service provider solution. ManpowerGroup Inc. was incorporated in 1948 and is headquartered in Milwaukee, Wisconsin.

How this company scores

GoodMetricSide Score: 63/100

Strongest: Growth (21/25); weakest: Profitability (11/25).

Profitability11/25

Growth21/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality18/25

Strengths

Rising earningsLow leverageCash-backed earningsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 18.6x5y range 7.7x – 91.9x

Currently near its 16-quarter median.

P/S · 0.1x5y range 0.1x – 0.3x

Currently below its 20-quarter median.

P/B · 1.0x5y range 0.7x – 2.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $2.23B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $18.92B
Q. Revenue: $4.84B
TTM EBITDA: $385.80M
TTM Op. Income: $303.20M
Q. Op. Income: $82.30M
TTM Net Income: $120.30M
Q. Net Income: $34.10M
EPS: $0.73
Shares Out.: $46.90M

$18.92B in TTM revenue grew 7.3% YoY, reaching $4.84B last quarter. TTM EBITDA of $385.80M and TTM operating income of $303.20M show growth is flowing through to the bottom line. TTM net income of $120.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 15.9%
EBITDA Margin: 2.1%
Op. Margin: 1.7%
Net Margin: 0.7%

Op. margin of 1.7% is up 0.3% YoY — cost efficiency is improving. Net margin at 0.7% and gross margin of 15.9% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 18% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 18.6x
P/S Ratio: 0.1x
P/B Ratio: 1.0x

At 18.6x P/E, the stock trades within typical market levels. P/S of 0.1x and P/B of 1.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 0% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $8.26B
Cash: $233.10M
Long-Term Debt: $562.80M
Book Value: $2.14B
D/E Ratio: 0.3
Debt/EBITDA: 5.5

With $8.26B in assets and $562.80M in long-term debt, D/E is 0.3and book value is $2.14B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-8.00M
TTM Free Cash Flow: $7.40M
FCF Margin: 0.0%
FCF / Net Income: 0.1

TTM FCF of $7.40M on $-8.00M in operating cash flow. The FCF / Net Income ratio of 0.1x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 108% — a weakening trend.