MANManpowerGroup Inc.
Services-Help Supply Services
- Revenue
- $18.0B
- 0.6% YoY
- Operating margin
- 0.8%
- 51% YoY
- EBITDA
- $236M
- 40% YoY
- Market cap
- $2.2B
- Employees
- 25,400
- $707K revenue each
- Net debt / EBITDA
- 1.4×
- $330M net debt
- AI in 10-K
- 4.7
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashYes-19% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo-101% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo18% of assetsOver 40% of assets
- Shareholder dissentNo95% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$707K · 68th pctBottom quartile of its SIC industry
- Quiet on AINo4.7 per 10K words · 81st pctBottom quartile of AI mentions in 10-Ks
- Net cashNo1.4× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$2.2B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $20.7B | $19.8B | $18.9B | $17.9B | $18.0B | 0.6% |
| Operating income | $585M | $582M | $256M | $306M | $150M | 51% |
| Operating cash flow | $645M | $423M | $348M | $309M | −$104M | 134% |
| Capex | $64M | $76M | $78M | $51M | $57M | 12% |
| Stock-based comp | $37M | $38M | $29M | $27M | $26M | 3.7% |
| Buybacks | $210M | $270M | $180M | $140M | $38M | 73% |
| Dividends | $137M | $140M | $144M | $146M | $67M | 54% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.