ManpowerGroup Inc provides workforce solutions and services, including recruitment and assessment, upskilling, reskilling, training and development, career management, outsourcing, and workforce consulting.
It is a $2.45B industrial company. Revenue grew 6.7% over the last year, it keeps 1¢ of every dollar of sales as profit, and its net debt equals ~11.7 years of free cash flow. It trades at 23.6× earnings — near the highest of its own history.
- Website
- manpowergroup.com
- Location
- Milwaukee, WI
- Employees
- 25 400
- Sector
- Industrials
- Founded
- 1948
- Next earnings
- Oct 15, 2026 · in 3d
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Growth, Profitability, Health and Moat lag behind.
Valuation55
- P/E vs own history94th pct · 0/25
- FCF yield2.8% · 5/25
- P/S0.1x · 25/25
- EV/EBITDA8.9x · 25/25
Growth25
- Revenue CAGR-3.5% · 0/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth84.4% · 25/25
Profitability16
- ROIC-0.5% · 0/25
- ROE5.1% · 5/25
- Net margin0.6% · 6/25
- Operating margin1.5% · 5/25
Health42
- Altman Zn/a · 0/25
- Current ratio1.04 · 12/25
- Interest coverage2.3x · 10/25
- Net cash / debtD/A 9% · 20/25
Quality60
- Piotroski F1/9 · 0/25
- Beneish M-2.47 · 20/25
- FCF conversion66% · 15/25
- Margin stabilityσ 1.0% · 25/25
Moat36
- ROIC >12% years6/10 yrs · 13/25
- Median gross margin16.6% · 0/25
- FCF-positive years9/10 yrs · 18/25
- Worst-year net marginworst -0.1% · 5/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2020FinancialBecame debt-freecash now exceeds total debt
- FY2018FinancialBest year on record$557M net income
- FY2016FinancialFirst recorded profitable year$444M net income
- FY2016FinancialRevenue already above $10B$19.7B in first reported year
- 2016AcquisitionAnd 2017, ManpowerGroup purchased several divisions of Ciber in Europe: Ciber Netherlands, Ciber Norway
- Jun 1, 2015AcquisitionManpowerGroup announced the acquisition of the Australian and Singapore divisions of Greythorn and…
- Sep 22, 2011AcquisitionManpowerGroup acquired 70% of Proservia SA, a French IT and systems engineering company
- 2011MilestoneThe company rebranded itself to ManpowerGroup and organized itself into four primary brands: Manpower,…
- Apr 5, 2010AcquisitionManpower completed the COMSYS acquisition and integrated the company with Manpower Professional IT
- 2000ProductManpower launched The Empower Group, an independent operating division providing consulting services to…
- 1991AcquisitionThis process completed in 1991 with the incorporation of Manpower Inc, a new publicly traded holding company that…
- Aug 18, 1975AcquisitionUpon the retirement of co-founder Elmer Winter, the Parker Pen Company announced its acquisition…
- 1962IPOManpower went public, listing shares on the New York Stock Exchange
- 1948FoundedFounded in 1948 by Elmer Winter and Aaron Scheinfeld, ManpowerGroup is the third-largest staffing firm in the world…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
No standout strengths in the available data.
Watch-outs
- Loss-making in 1 of the recent years
- Net debt equals ~11.7 years of free cash flow
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+6.7% YoY
- Profitable — makes more than it spends$104M TTM
- Profit growing — earnings are higher than last year-109.2% YoY
- Generates cash — cash left after running and investing$68.9M TTM
- Debt under control — could handle its obligations~11.7y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$2.45B market cap
- Not printing shares — share count not ballooning — you keep your slice-20.1% shares over ~5y
- Proven track record — years of profitability behind it9/10 profitable years
- Financially stable — balance sheet not near distresshealth score 22/100
- Pays a dividend — returns cash to shareholdersyield 2.73%
- Valuation not extreme — price not wildly above earningsP/E 23.6
Peer comparisonManpowerGroup vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| MAN this company | $2.5B | 23.6 | +6.7% | 0.6% | Strained |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| DE Deere & Company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| ETN Eaton Corporation, plc | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
Head-to-head: MAN vs LRCX · MAN vs CAT · MAN vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/MAN
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Deeper analysis of MAN on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $52.78 · market cap $2.45B.