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Held by 495 of 5,944 reporting institutions (97th percentile) — extremely crowded.
Data as of Q1 2026
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EOD close · as of 2026-08-05 · 15d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B 100.0% | $1.04B 100.0% | $928.7M 100.0% | $767.1M 100.0% | $663.6M 100.0% | $586.4M 100.0% | $617.9M 100.0% | $559.2M 100.0% | $594.6M 100.0% | $604.6M 100.0% |
| Cost of Revenue | $472.3M 43.7% | $471.0M 45.2% | $430.6M 46.4% | $358.2M 46.7% | $297.8M 44.9% | $269.9M 46.0% | $285.0M 46.1% | $240.9M 43.1% | $245.7M 41.3% | $249.9M 41.3% |
| Cost of Services | — | — | — | — | — | — | — | — | — | $197.5M 32.7% |
| Research & Development | $145.1M 13.4% | $137.7M 13.2% | $126.8M 13.7% | $111.9M 14.6% | $97.6M 14.7% | $84.3M 14.4% | $87.6M 14.2% | $71.9M 12.9% | $57.7M 9.7% | $54.7M 9.1% |
| Selling, General & Admin | $93.8M 8.7% | $89.8M 8.6% | $81.2M 8.7% | $73.1M 9.5% | $68.1M 10.3% | $61.4M 10.5% | $64.6M 10.5% | $52.6M 9.4% | $46.1M 7.7% | $48.3M 8.0% |
| Total Operating Expenses | $801.6M 74.1% | $780.8M 74.9% | $718.8M 77.4% | $614.4M 80.1% | $529.3M 79.8% | $472.3M 80.5% | $502.0M 81.2% | $425.3M 76.1% | $409.0M 68.8% | $410.3M 67.9% |
| Operating Income | $279.8M 25.9% | $261.6M 25.1% | $209.9M 22.6% | $152.7M 19.9% | $134.3M 20.2% | $114.1M 19.5% | $115.9M 18.8% | $133.9M 23.9% | $185.6M 31.2% | $194.3M 32.1% |
| Other Income (Expense), net | $1.7M 0.2% | -$811K -0.1% | -$1.5M -0.2% | $4.8M 0.6% | -$329K -0.0% | -$383K -0.1% | -$562K -0.1% | $1.3M 0.2% | -$2.0M -0.3% | $639K 0.1% |
| Pretax Income | $285.9M 26.4% | $266.8M 25.6% | $213.7M 23.0% | $158.1M 20.6% | $134.1M 20.2% | $113.8M 19.4% | $116.1M 18.8% | $136.2M 24.4% | $184.8M 31.1% | $196.1M 32.4% |
| Income Tax Expense | $65.9M 6.1% | $48.5M 4.6% | $37.1M 4.0% | $29.2M 3.8% | $23.6M 3.6% | $26.5M 4.5% | $30.3M 4.9% | $31.5M 5.6% | $68.4M 11.5% | $71.9M 11.9% |
| Net Income | $219.9M 20.3% | $218.4M 20.9% | $176.6M 19.0% | $129.0M 16.8% | $110.5M 16.6% | $87.2M 14.9% | $85.8M 13.9% | $104.7M 18.7% | $116.5M 19.6% | $124.2M 20.5% |
| Per Share | ||||||||||
| EPS (Basic) | $3.64 | $3.56 | $2.86 | $2.05 | $1.74 | $1.37 | $1.33 | $1.58 | $1.68 | $1.73 |
| EPS (Diluted) | $3.60 | $3.51 | $2.82 | $2.03 | $1.72 | $1.36 | $1.32 | $1.58 | $1.68 | $1.72 |
| Weighted Avg Shares (Basic) | 60.5M | 61.3M | 61.8M | 62.8M | 63.4M | 63.5M | 64.4M | 66.2M | 69.2M | 71.7M |
| Weighted Avg Shares (Diluted) | 61.1M | 62.2M | 62.6M | 63.4M | 64.3M | 64.3M | 65.1M | 66.4M | 69.4M | 72.1M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $192.08 today, the market must believe free cash flow compounds 16.1%/yr for a decade (off $301M normalized FCF).
The market's 16.1% is more optimistic than its 9-yr track record.
2-stage DCF · 0.06B shares · net debt -$329M
mean 13.7% · volatility σ 19% · implied rate exceeded in 5/9 yrs
Central path = implied 16.1%/yr growth; shaded band = ±1σ (19%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
6/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $315M buybacks = $315M returned on $374M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 70%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Ranked against 768 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NVDA | $5.33T | 44.7× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.59T | 41.7× | 32.0× | 11.0× | 6.4% | 46.9% | 26.9% | 152% | 73.7% | 0.5× | 5,858 |
| MSFT | $3.62T | 27.2× | 19.1× | 10.9× | 17.8% | 67.9% | 40.3% | 30.2% | 28.2% | 0.2× | 5,944 |
| AVGO | $1.98T | 87.7× | 78.0× | 31.0× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.00T | 117.7× | 55.4× | 26.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $785.7B | 181.9× | 185.9× | 22.7× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| ASMLF | $649.1B | 68.2× | 51.8× | 19.9× | 15.6% | 52.8% | 29.4% | 49.0% | 43.1% | 0.2× | 2 |
| INTC | $504.7B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $481.1B | 47.6× | 40.2× | 8.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| AMAT | $423.7B | 61.7× | 48.7× | 14.9× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| LRCX | $390.0B | 74.1× | 62.2× | 21.2× | 23.7% | 48.7% | 29.1% | 54.3% | 39.5% | 0.6× | 2,500 |
| PLTR | $378.8B | 251.5× | 262.1× | 84.7× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| RPAY | $342.2B | — | — | 1106.6× | -1.2% | 75.0% | -83.0% | -53.0% | -33.6% | -1.1× | 142 |
| DELL | $301.7B | 53.3× | 28.8× | 2.7× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| ARM | $292.2B | 323.0× | 251.9× | 59.4× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| TXN | $252.4B | 51.0× | 33.1× | 14.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.8% | 1.7× | 2,345 |
| ANET | $247.8B | 71.7× | 62.6× | 27.5× | 28.6% | 64.1% | 0.0% | 0.0% | 0.0% | — | 1,930 |
| UMC | $242.3B | — | — | — | — | — | — | — | — | — | 302 |
| PANW | $242.3B | 226.7× | 151.3× | 26.3× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SAPGF | $241.4B | — | — | — | — | — | — | — | — | — | 7 |
| IBM | $221.0B | 21.1× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| APH | $211.2B | 51.5× | 29.5× | 9.1× | 51.7% | 36.9% | 18.5% | 31.8% | 31.8% | — | 2,017 |
| SNDK | $197.2B | — | — | 26.8× | 10.4% | 30.1% | -22.3% | -17.8% | -14.9% | -1.5× | 1,127 |
| SHOP | $187.4B | 153.4× | 124.0× | 16.2× | 30.1% | 48.1% | 10.7% | 9.1% | 9.1% | — | 1,642 |
| ADI | $184.9B | 82.8× | 57.2× | 16.8× | 16.9% | 61.5% | 20.6% | 6.7% | 5.3% | 2.6× | 2,030 |
| MANH | $11.5B | 53.4× | — | 10.6× | 3.7% | 56.3% | 20.3% | 69.9% | 69.9% | — | 495 |
Peers = companies sharing MANH's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-08-05
Nothing notable to watch.
No material risks flagged.
Where each multiple sits in its own 14-yr range · 60th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 1.9× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 43.1 | 46.1 | 46.0 | 44.9 | 46.7 | 46.4 | 45.2 | 43.7 |
| R&D | 12.9 | 14.2 | 14.4 | 14.7 | 14.6 | 13.7 | 13.2 | 13.4 |
| SG&A | 9.4 | 10.5 | 10.5 | 10.3 | 9.5 | 8.7 | 8.6 | 8.7 |
| Operating Income | 23.9 | 18.8 | 19.5 | 20.2 | 19.9 | 22.6 | 25.1 | 25.9 |
| Income Tax | 5.6 | 4.9 | 4.5 | 3.6 | 3.8 | 4.0 | 4.6 | 6.1 |
| Net Income | 18.7 | 13.9 | 14.9 | 16.6 | 16.8 | 19.0 | 20.9 | 20.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on MANH: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.