Full text
Earnings transcript
Read the complete earnings call transcript.
MAN
ManpowerGroup Inc.
$41.49
-2.25
(-5.14%)
| Exchange: | NYSE |
| Market Cap: | 1.93B |
| Shares Outstanding: | 74.054M |
Delayed data
About The Company
| Sector: | IndustrialsView sector performance | |||||
| Industry: | Staffing & Employment ServicesView industry performance | |||||
| CEO: | Jonas Prising | |||||
| Full Time Employees: | 25400 | |||||
| Address: |
| |||||
| Website: | https://www.manpowergroup.com |
ManpowerGroup Inc., established in 1948 and headquartered in Milwaukee, Wisconsin, is a prominent global provider of human resources and workforce management solutions. The company delivers an extensive array of staffing and talent services across the Americas, Southern and Northern Europe, and the Asia Pacific Middle East region. Its core offerings encompass various recruitment models, including permanent, temporary, and contract placements for professional, administrative, and industrial roles, primarily under its Manpower and Experis brands. Beyond traditional recruitment, ManpowerGroup also provides assessment services, training and professional development, career management support, and outsourcing of human resources functions, particularly for large-scale hiring initiatives. Furthermore, it offers strategic workforce consulting, contingent staffing, and specialized project-based solutions in high-demand fields like information technology, engineering, and finance. The company also focuses on improving organizational efficiency, fostering individual career growth, and facilitating workforce mobility. Its comprehensive portfolio includes recruitment process outsourcing (RPO), TAPFIN managed services, talent-based outsourcing, and dedicated digital and IT infrastructure support through its Proservia brand. ManpowerGroup maintains a substantial global presence, operating roughly 2,200 offices across 75 countries and territories worldwide.
Click to read more…
Revenue Segmentation
MAN full analysis
Welcome to MARKETSNAP’s SWOT analysis for ManpowerGroup! If you’re a long-term investor looking to build wealth through smart stock picks, you’re in the right place. Today, we’re diving deep into ManpowerGroup, a major player in the staffing and workforce solutions space. Let’s unpack what makes this company tick, analyze its recent performance, and break down the strengths, weaknesses, opportunities, and threats that could shape its future. Stick around, because I’ve got some juicy insights from their latest earnings call and…
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 18,914,500 | 17,853,900 | 17,957,100 |
| Gross Profit | 3,358,000 | 3,086,800 | 2,997,600 |
| EBITDA | 374,200 | 433,400 | 274,800 |
| Operating Income | 255,800 | 306,000 | 238,800 |
| Net Income | 88,800 | 145,100 | -13,300 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 8,830,200 | 8,201,000 | 9,160,100 |
| Total Liabilities | 6,596,100 | 6,074,100 | 7,099,800 |
| Total Stockholders Equity | 2,223,300 | 2,125,200 | 2,059,600 |
| Total Debt | 1,426,000 | 1,231,800 | 2,393,100 |
| Cash and Cash Equivalents | 581,300 | 509,400 | 871,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 348,200 | 309,200 | -104,100 |
| Capital Expenditure | -78,200 | -51,100 | -57,300 |
| Free Cash Flow | 270,000 | 258,100 | -161,400 |
| Net Income | 88,800 | 145,100 | -13,300 |
| Net Change in Cash | -57,700 | -71,900 | 361,600 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 19,803,904.347 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 20,938,105.939 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 20,539,657.615 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 501,931.997 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 582,821.931 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 559,250.391 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 265,633.519 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 329,536.567 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 310,915.050 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 2,984,523.798 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 3,155,452.297 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 3,095,404.618 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 6.520 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 7.070 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 5.700 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 6 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 3 | Research Access | Research Access | Research Access | Research Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Stable Revenue Performance: ManpowerGroup reported Q3 2025 revenue of $4.6 billion, reflecting a modest 2% year-over-year increase. This indicates resilience in core operations despite economic uncertainties, supported by consistent demand in key markets as highlighted in the earnings call.
- Strategic Investments in Technology: The company is actively investing in technology and process improvements, as noted in the Q3 2025 earnings call. These initiatives position ManpowerGroup to enhance operational efficiency and maintain a competitive edge in the staffing and workforce solutions industry.
- Positive Free Cash Flow: Based on historical cash flow statements, ManpowerGroup demonstrates a consistent ability to generate positive free cash flow, providing financial flexibility for reinvestment and debt management. This is a critical strength in sustaining long-term growth.
Log in with Research Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates MAN intrinsic value between $113.91 – $166.82 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about MAN valuation
Is ManpowerGroup Inc. (MAN) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for ManpowerGroup Inc. (MAN) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is MAN a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether MAN trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is MAN’s P/E ratio?
You can see MAN’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for MAN?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is MAN a good long-term investment?
Whether MAN fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
MAN
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-5.14
Trading Metrics:
| Open: | 43.04 | Previous Close: | 43.74 | |
| Day Low: | 41 | Day High: | 44.99 | |
| Year Low: | 25.15 | Year High: | 63.88 | |
| Price Avg 50: | 57.23 | Price Avg 200: | 39.06 | |
| Volume: | 2.165M | Average Volume: | 1.124M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's free
