ManpowerGroup Financial Statements From 2010 to 2026

MAN Stock  USD 30.56  0.57  1.90%   
ManpowerGroup's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing ManpowerGroup's valuation are provided below:
Gross Profit
B
Profit Margin
(0)
Market Capitalization
1.4 B
Enterprise Value Revenue
0.1574
Revenue
17.6 B
We have found one hundred twenty available fundamental ratios for ManpowerGroup, which can be analyzed and compared to other ratios and to its peers in the industry. Self-guided Investors are advised to check ManpowerGroup's last-minute fundamentals against the trend between 2010 and 2026 to make sure the company can sustain itself down the road. As of the 7th of January 2026, Market Cap is likely to grow to about 6.1 B. Also, Enterprise Value is likely to grow to about 6.2 B

ManpowerGroup Total Revenue

15.89 Billion

Check ManpowerGroup financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ManpowerGroup's main balance sheet or income statement drivers, such as Depreciation And Amortization of 84.5 M, Interest Expense of 79.2 M or Total Revenue of 15.9 B, as well as many indicators such as Price To Sales Ratio of 0.32, Dividend Yield of 0.0499 or PTB Ratio of 1.42. ManpowerGroup financial statements analysis is a perfect complement when working with ManpowerGroup Valuation or Volatility modules.
  
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Check out the analysis of ManpowerGroup Correlation against competitors.
To learn how to invest in ManpowerGroup Stock, please use our How to Invest in ManpowerGroup guide.

ManpowerGroup Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total AssetsB9.4 B7.8 B
Slightly volatile
Short and Long Term Debt Total810.9 M1.4 BB
Slightly volatile
Total Current Liabilities2.9 B5.1 BB
Slightly volatile
Total Stockholder Equity1.9 B2.4 B2.4 B
Very volatile
Property Plant And Equipment Net579.2 M551.7 M333.1 M
Slightly volatile
Accounts Payable3.2 BB2.1 B
Slightly volatile
Cash553.9 M585.8 M683.7 M
Pretty Stable
Non Current Assets Total3.9 B3.7 B2.6 B
Slightly volatile
Non Currrent Assets Other425 M687.2 M574.7 M
Slightly volatile
Cash And Short Term Investments553.9 M585.8 M683.7 M
Pretty Stable
Net Receivables3.5 B4.9 B4.4 B
Slightly volatile
Common Stock Shares Outstanding59.9 M43.5 M65.2 M
Slightly volatile
Liabilities And Stockholders EquityB9.4 B7.8 B
Slightly volatile
Non Current Liabilities Total1.1 B1.9 B1.4 B
Slightly volatile
Other Current Assets159.9 M188.3 M152.5 M
Pretty Stable
Total Liabilities4.1 BB5.4 B
Slightly volatile
Total Current Assets4.2 B5.7 B5.3 B
Slightly volatile
Short Term Debt25.6 M26.9 M243.6 M
Pretty Stable
Intangible Assets438.2 M559 M375.9 M
Slightly volatile
Property Plant And Equipment GrossB976.9 M441.2 M
Slightly volatile
Common Stock Total Equity1.2 M1.4 M1.2 M
Slightly volatile
Common Stock1.2 M1.4 M1.2 M
Slightly volatile
Other Liabilities512.4 M614.2 M544.4 M
Slightly volatile
Other Assets482.1 M764.8 M560.2 M
Slightly volatile
Long Term Debt803.7 M1.1 B744.7 M
Slightly volatile
Property Plant Equipment623.3 M593.6 M296.4 M
Slightly volatile
Current Deferred Revenue27.3 M28.7 M51.7 M
Slightly volatile
Good Will1.3 B1.8 B1.3 B
Slightly volatile
Net Tangible Assets1.6 B2.2 BB
Very volatile
Retained Earnings Total Equity2.6 B4.4 B2.7 B
Slightly volatile
Long Term Debt Total804.1 M1.1 B755.1 M
Slightly volatile
Capital Surpluse3.6 B4.1 B3.3 B
Slightly volatile
Non Current Liabilities Other642.9 M492.9 M582.5 M
Slightly volatile
Long Term Investments111.2 M88 M120.7 M
Slightly volatile
Short and Long Term Debt25.6 M26.9 M77.8 M
Pretty Stable
Cash And Equivalents626.6 M458.5 M689.8 M
Very volatile
Net Invested Capital2.8 B2.8 B3.5 B
Slightly volatile
Net Working Capital455.9 M479.9 M1.2 B
Slightly volatile
Capital Stock960 K1.1 M1.2 M
Slightly volatile
Capital Lease Obligations240.6 M251.1 M313.3 M
Slightly volatile

ManpowerGroup Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization84.5 M99.6 M83.5 M
Pretty Stable
Interest Expense79.2 M81 M58.3 M
Very volatile
Total Revenue15.9 B20.5 B18.9 B
Pretty Stable
Gross Profit2.8 B3.5 B3.2 B
Pretty Stable
Other Operating Expenses15.5 B20.2 B18.4 B
Pretty Stable
Operating Income411.2 M351.9 M524.1 M
Pretty Stable
EBIT409.9 M398.8 M522.3 M
Pretty Stable
EBITDA491.6 M498.4 M600.5 M
Pretty Stable
Cost Of Revenue13.1 B17 B15.7 B
Pretty Stable
Total Operating Expenses2.4 B3.2 B2.7 B
Slightly volatile
Income Tax Expense143.1 M128.5 M175.3 M
Pretty Stable
Selling General Administrative2.7 B3.2 B2.7 B
Slightly volatile
Net Income Applicable To Common Shares293.7 M166.9 M308.3 M
Pretty Stable
Selling And Marketing Expenses3.1 BB2.5 B
Slightly volatile
Minority Interest10.8 M11.3 M44.2 M
Slightly volatile
Tax Provision147.4 M100.5 M194 M
Slightly volatile
Interest Income24.5 M38.3 M25.3 M
Pretty Stable
Reconciled Depreciation89.8 M99.6 M84.3 M
Pretty Stable
Extraordinary Items2.7 M2.9 M50.8 M
Slightly volatile

ManpowerGroup Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow268.4 M296.8 M373.6 M
Slightly volatile
Begin Period Cash Flow539.8 M668.5 M704.6 M
Slightly volatile
Depreciation84.5 M99.6 M83.5 M
Pretty Stable
Other Non Cash Items18.8 M19.8 M40.1 M
Very volatile
Capital Expenditures69.3 M58.8 M59.1 M
Slightly volatile
Total Cash From Operating Activities337.7 M355.6 M432.6 M
Slightly volatile
End Period Cash Flow553.9 M585.8 M683.7 M
Pretty Stable
Stock Based Compensation23.2 M31.4 M32.1 M
Slightly volatile
Dividends Paid176.1 M167.7 M114.7 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.320.180.2528
Very volatile
Dividend Yield0.04990.04760.0262
Slightly volatile
PTB Ratio1.421.491.9656
Slightly volatile
Days Sales Outstanding61.579.0782.7799
Slightly volatile
Book Value Per Share42.0540.0538.0996
Slightly volatile
Free Cash Flow Yield0.04670.08420.0774
Slightly volatile
Operating Cash Flow Per Share3.615.826.8447
Slightly volatile
Stock Based Compensation To Revenue0.00120.00140.0015
Very volatile
Capex To Depreciation1.010.680.7491
Very volatile
PB Ratio1.421.491.9656
Slightly volatile
EV To Sales0.340.220.2743
Very volatile
Free Cash Flow Per Share2.914.865.9345
Slightly volatile
ROIC0.09330.05250.0877
Slightly volatile
Inventory Turnover88.5999.67109
Slightly volatile
Days Of Inventory On Hand2.642.973.2382
Slightly volatile
Payables Turnover6.176.59.0771
Slightly volatile
Sales General And Administrative To Revenue0.170.150.1363
Very volatile
Capex To Revenue0.00610.00330.0038
Pretty Stable
Cash Per Share5.819.5910.6579
Slightly volatile
POCF Ratio8.438.0312.7566
Slightly volatile
Interest Coverage2.913.0611.0782
Slightly volatile
Payout Ratio0.950.90.7679
Slightly volatile
Capex To Operating Cash Flow0.180.190.2084
Slightly volatile
PFCF Ratio9.149.6252.279
Slightly volatile
Days Payables Outstanding61.0358.1247.0315
Slightly volatile
EV To Operating Cash Flow10.6410.1313.8497
Slightly volatile
EV To Free Cash Flow11.5312.1455.2344
Slightly volatile
Intangibles To Total Assets0.140.220.2023
Very volatile
Current Ratio1.631.291.3529
Pretty Stable
Tangible Book Value Per Share1.381.4610.8522
Slightly volatile
Receivables Turnover5.314.784.4669
Slightly volatile
Graham Number36.5149.658.4546
Pretty Stable
Shareholders Equity Per Share42.0140.0137.7638
Slightly volatile
Debt To Equity0.630.670.4911
Slightly volatile
Capex Per Share0.70.960.9102
Slightly volatile
Revenue Per Share353336302
Slightly volatile
Interest Debt Per Share26.1324.8918.3372
Slightly volatile
Debt To Assets0.170.15020.1397
Pretty Stable
Enterprise Value Over EBITDA9.79.248.8188
Slightly volatile
Short Term Coverage Ratios7.6511.8911.4645
Slightly volatile
Operating Cycle61.5879.0782.7846
Slightly volatile
Price Book Value Ratio1.421.491.9656
Slightly volatile
Days Of Payables Outstanding61.0358.1247.0315
Slightly volatile
Dividend Payout Ratio0.950.90.7679
Slightly volatile
Price To Operating Cash Flows Ratio8.438.0312.7566
Slightly volatile
Price To Free Cash Flows Ratio9.149.6252.279
Slightly volatile
Operating Profit Margin0.01980.01540.0278
Slightly volatile
Company Equity Multiplier3.934.443.4121
Slightly volatile
Long Term Debt To Capitalization0.310.350.247
Slightly volatile
Total Debt To Capitalization0.360.420.3136
Slightly volatile
Return On Capital Employed0.150.09350.1459
Slightly volatile
Debt Equity Ratio0.630.670.4911
Slightly volatile
Ebit Per Revenue0.01980.01540.0278
Slightly volatile
Quick Ratio1.631.291.3529
Pretty Stable
Dividend Paid And Capex Coverage Ratio1.961.412.5441
Very volatile
Net Income Per E B T0.880.650.6805
Slightly volatile
Cash Ratio0.140.10.1649
Pretty Stable
Cash Conversion Cycle51.2226.7639.0755
Slightly volatile
Operating Cash Flow Sales Ratio0.01610.01560.023
Pretty Stable
Days Of Inventory Outstanding2.642.973.2382
Slightly volatile
Days Of Sales Outstanding61.579.0782.7799
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.470.750.7675
Pretty Stable
Cash Flow Coverage Ratios0.350.230.4352
Pretty Stable
Price To Book Ratio1.421.491.9656
Slightly volatile
Fixed Asset Turnover58.5533.581.3849
Slightly volatile
Capital Expenditure Coverage Ratio4.225.457.4921
Pretty Stable
Price Cash Flow Ratio8.438.0312.7566
Slightly volatile
Enterprise Value Multiple9.79.248.8188
Slightly volatile
Debt Ratio0.170.15020.1397
Pretty Stable
Cash Flow To Debt Ratio0.350.230.4352
Pretty Stable
Price Sales Ratio0.320.180.2528
Very volatile
Asset Turnover3.182.52.5422
Slightly volatile
Gross Profit Margin0.20.17290.1765
Very volatile
Price Fair Value1.421.491.9656
Slightly volatile

ManpowerGroup Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap6.1 B5.8 B6.1 B
Slightly volatile
Enterprise Value6.2 B5.9 B6.2 B
Slightly volatile

ManpowerGroup Fundamental Market Drivers

Forward Price Earnings8.1103
Cash And Short Term Investments509.4 M

ManpowerGroup Upcoming Events

30th of January 2024
Upcoming Quarterly Report
View
18th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
30th of January 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About ManpowerGroup Financial Statements

ManpowerGroup investors utilize fundamental indicators, such as revenue or net income, to predict how ManpowerGroup Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue28.7 M27.3 M
Total Revenue20.5 B15.9 B
Cost Of Revenue17 B13.1 B
Sales General And Administrative To Revenue 0.15  0.17 
Capex To Revenue 0.00  0.01 
Revenue Per Share 336.16  352.97 
Ebit Per Revenue 0.02  0.02 

Pair Trading with ManpowerGroup

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ManpowerGroup position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ManpowerGroup will appreciate offsetting losses from the drop in the long position's value.

Moving together with ManpowerGroup Stock

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Moving against ManpowerGroup Stock

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The ability to find closely correlated positions to ManpowerGroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ManpowerGroup when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ManpowerGroup - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ManpowerGroup to buy it.
The correlation of ManpowerGroup is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ManpowerGroup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ManpowerGroup moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ManpowerGroup can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether ManpowerGroup offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ManpowerGroup's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Manpowergroup Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Manpowergroup Stock:
Check out the analysis of ManpowerGroup Correlation against competitors.
To learn how to invest in ManpowerGroup Stock, please use our How to Invest in ManpowerGroup guide.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Human Resource & Employment Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ManpowerGroup. If investors know ManpowerGroup will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ManpowerGroup listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.19)
Dividend Share
2.26
Earnings Share
(0.45)
Revenue Per Share
376.801
Quarterly Revenue Growth
0.023
The market value of ManpowerGroup is measured differently than its book value, which is the value of ManpowerGroup that is recorded on the company's balance sheet. Investors also form their own opinion of ManpowerGroup's value that differs from its market value or its book value, called intrinsic value, which is ManpowerGroup's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ManpowerGroup's market value can be influenced by many factors that don't directly affect ManpowerGroup's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ManpowerGroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if ManpowerGroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ManpowerGroup's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.