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Global staffing company placing temporary and permanent workers through Manpower, Experis and Talent Solutions brands.
Global staffing company placing temporary and permanent workers through Manpower, Experis and Talent Solutions brands.
Bills clients an hourly rate that covers the temporary worker's wages and payroll costs plus a margin, so the margin per hour and the hours placed drive earnings; permanent-placement and outsourced-hiring services are fee based. Europe, led by France, contributes more than the US.
Moat: narrow (scale, brand, distribution). A global branch network across dozens of countries is costly for smaller rivals to replicate.
Headquarters: Milwaukee, Wisconsin, US · Founded: 1948 · Employees: 25,400
Size ManpowerGroup (MAN) is a United States Industrials company (Personnel Services) with a market value of $2.07B, the 1768th largest of 3,117 United States companies the cockpit tracks. Shares closed at $44.50 on 6 Nov 2026.
Performance Over six months the shares gained 49.1%, against +21.9% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 7.2% over the last twelve months (peer median +1.6%); the operating margin is 1.8% (peer median 4.2%).
Valuation It trades at 10.3× forward earnings against a peer median of 15.5× (3rd cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.8 points above its cost of capital (7.3% WACC).
Credit ManpowerGroup has 2 bonds outstanding ($1.00B), rated BBB- by the agencies and trading like BB+ at a weighted spread of 156 bp.
Short interest Short interest is 9.5% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $18.9B | $18.0B | $17.9B | $18.9B | $19.8B |
| Revenue growth | — | +1% | -6% | -5% | — |
| Gross profit | $3.04B | $3.00B | $3.09B | $3.36B | $3.57B |
| EBITDA | $429M | $391M | $451M | $552M | $745M |
| Net income | $120M | -$13.3M | $145M | $88.8M | $374M |
| Free cash flow | $7.40M | -$161M | $258M | $270M | $348M |
| Capital expenditure | $34.5M | $57.3M | $51.1M | $78.2M | $75.6M |
| Total debt | $1.46B | $2.09B | $1.33B | $1.43B | $1.36B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ManpowerGroup MAN | $2.07B | +49% | +7% | 2% | 10.3× | -0.4% |
| Randstad RAND.AS | $8.14B | +69% | 0% | 3% | 15.5× | 1.1% |
| Adecco ADEN.SW | $4.82B | +24% | 0% | 2% | 10.3× | -3.5% |
| Robert Half RHI | $4.28B | +55% | -3% | 1% | 23.5× | 26.7% |
| Recruit 6098.T | $149B | +133% | +9% | 20% | 30.3× | 22.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MAN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.1% | +0.9% | lowest of 21 |
| 6-month return | +49.1% | +21.9% | 5th highest of 21 |
| Distance from 52-week high | -30.3% | -14.1% | 6th lowest of 21 |
| Revenue growth (TTM) | +7.2% | +1.6% | 6th highest of 21 |
| Operating margin | 1.8% | 4.2% | 5th lowest of 21 |
| Forward P/E | 10.3× | 15.5× | 3rd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -0.4% | 1.5% | 9th least demanding of 19 |
| Growth delivered (Del g) | 0.0% | +9.1% | 2nd lowest of 19 |
| Hurdle (Req g minus delivered) | -0.4 pp | -6.6 pp | 6th most demanding of 19 |
| ROIC minus cost of capital | +0.8 pp | +7.3 pp | 6th lowest of 20 |
| Net debt / EBITDA | 2.9× | -0.5× | 2nd most indebted of 19 |
| Bond spread | 156 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ManpowerGroup MAN | United States | $2.07B | +49% | +7% | 2% | 10.3× | -0.4% | 0.0% |
| Jinhai Medical Technology 2225.HK | Hong Kong | $3.02B | -6% | +75% | -17% | n/a | n/a | n/a |
| SMS 2175.T | Japan | $1.31B | +33% | +8% | 11% | 31.1× | 19.2% | +12.5% |
| Upwork UPWK | United States | $1.26B | +14% | -1% | 18% | 8.9× | -7.1% | +16.1% |
| Hays HAS.L | United Kingdom | $1.24B | +75% | -3% | 1% | 33.0× | 18.3% | +2.6% |
| JAC Recruitment 2124.T | Japan | $1.21B | +34% | +12% | 26% | 19.3× | -1.0% | +16.4% |
| Open Up 2154.T | Japan | $1.11B | +12% | -11% | 10% | 13.1× | -6.5% | +11.1% |
| Persol 2181.T | Japan | $4.11B | +22% | +10% | 4% | 13.7× | -10.3% | +10.4% |
| Korn Ferry KFY | United States | $4.11B | +11% | +7% | 13% | 13.0× | 2.0% | +10.1% |
| Robert Half RHI | United States | $4.28B | +55% | -3% | 1% | 23.5× | 26.7% | +1.0% |
| Kforce KFRC | United States | $970M | +25% | +2% | 5% | 18.0× | 9.8% | -1.0% |
| Grupa Pracuj spolka akcyjna GPP.WA | Poland | $919M | +23% | +5% | 37% | 13.1× | -1.9% | +22.1% |
| Michael Page PAGE.L | United Kingdom | $896M | +60% | -3% | 2% | 43.4× | 23.5% | +4.1% |
| Adecco ADEN.SW | Switzerland | $4.82B | +24% | 0% | 2% | 10.3× | -3.5% | +0.7% |
| UT Group Co.,Ltd. 2146.T | Japan | $868M | +22% | -13% | 7% | 16.1× | 6.7% | +7.7% |
| Synergie SDG.PA | France | $753M | -3% | +5% | 3% | 11.8× | -13.4% | +8.2% |
| Barrett Business Services BBSI | United States | $725M | 0% | +6% | 4% | 18.2× | 1.9% | +7.1% |
| Beijing Career International 300662.SZ | China | $643M | -10% | +13% | 2% | 12.0× | 10.6% | +29.9% |
| Groupe Crit CEN.PA | France | $534M | -20% | +1% | 3% | 8.3× | n/a | n/a |
| Randstad RAND.AS | Netherlands | $8.14B | +69% | 0% | 3% | 15.5× | 1.1% | +2.2% |
| dip 2379.T | Japan | $520M | -17% | -9% | 7% | 68.1× | -1.1% | +11.0% |
ManpowerGroup has 2 bonds outstanding with $1.00B face value. The agencies rate it BBB-; its bonds trade like BB+. Weighted yield 4.55%, a spread of 156 bp over government bonds.