Logo

MAN

ManpowerGroup Inc.

MAN

ManpowerGroup Inc. • NYSE
$28.76 ▲ 1.02% (+0.29)
Market Cap $1.33 B
52w High $63.88
52w Low $26.14
Dividend Yield 2.26%
P/E -63.91
Volume 425.53K
Outstanding Shares 46.30M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.634B ▲ $710.2M ▼ $18M ▲ 0.388% ▲ $0.39 ▲ $99M ▲
Q2-2025 $4.519B ▲ $789M ▲ $-67.1M ▼ -1.485% ▼ $-1.44 ▼ $6.4M ▼
Q1-2025 $4.09B ▼ $670.1M ▼ $5.6M ▼ 0.137% ▼ $0.12 ▼ $60.4M ▼
Q4-2024 $4.4B ▼ $686.9M ▼ $22.5M ▼ 0.511% ▲ $0.48 $92.5M ▼
Q3-2024 $4.53B $711.3M $22.8M 0.503% $0.48 $105.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $274.6M ▼ $8.447B ▼ $6.436B ▼ $2.011B ▲
Q2-2025 $289.8M ▼ $8.505B ▲ $6.511B ▲ $1.994B ▼
Q1-2025 $395M ▼ $8.037B ▼ $5.932B ▼ $2.103B ▼
Q4-2024 $509.4M ▲ $8.201B ▼ $6.074B ▼ $2.125B ▼
Q3-2024 $410.9M $8.478B $6.301B $2.176B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $18M ▲ $59.8M ▲ $-14.7M ▲ $-64.5M ▼ $-15.2M ▲ $44.7M ▲
Q2-2025 $-67.1M ▼ $-189.6M ▼ $-19.4M ▼ $78.3M ▲ $-105.2M ▲ $-207.2M ▼
Q1-2025 $5.6M ▼ $-153.2M ▼ $-14.6M ▲ $45.7M ▲ $-114.4M ▼ $-166.9M ▼
Q4-2024 $22.5M ▼ $247.6M ▲ $-26.3M ▼ $-103.6M ▲ $98.5M ▲ $236.3M ▲
Q3-2024 $22.8M $83.5M $-20.1M $-140.4M $-58M $67.4M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Americas Segment
Americas Segment
 $0 ▲$0 ▲$960.00M ▲$1.00Bn ▲
Apme
Apme
 $0 ▲$0 ▲$440.00M ▲$430.00M ▼
Northern Europe
Northern Europe
 $0 ▲$0 ▲$680.00M ▲$710.00M ▲
Northern Europe and APME
Northern Europe and APME
 $0 ▲$0 ▲$3.99Bn ▲$4.12Bn ▲
Southern Europe
Southern Europe
 $0 ▲$0 ▲$1.91Bn ▲$1.98Bn ▲
Other
Other
 $120.00M ▲$110.00M ▼$0 ▼$0 ▲
OutcomeBasedSolutionsandConsulting
OutcomeBasedSolutionsandConsulting
 $300.00M ▲$290.00M ▼$0 ▼$0 ▲
PermanentRecruitment
PermanentRecruitment
 $120.00M ▲$110.00M ▼$0 ▼$0 ▲
StaffingandInterim
StaffingandInterim
 $3.87Bn ▲$3.59Bn ▼$0 ▼$0 ▲
Franchise
Franchise
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been slowly drifting down over the last few years after a post‑pandemic rebound, which points to softer demand or pricing pressure in key markets. Gross profit has held up reasonably well, but operating and net margins are thin and have tightened versus earlier years, showing that costs are hard to push down in line with revenue. Earnings per share have become more volatile and are now well below the stronger years, underscoring the cyclical nature of the staffing business and the company’s sensitivity to economic slowdowns.

Balance Sheet

Balance Sheet The balance sheet looks generally sound, with a solid equity base and a manageable level of debt. Overall asset levels have edged down, suggesting a leaner footprint or lower working capital needs. The main change is a much smaller cash cushion than a few years ago, which slightly reduces financial flexibility but still appears adequate given current leverage. Debt has been nudged down over time, which helps balance risk, while equity has remained fairly stable, indicating no major erosion of book value.

Cash Flow

Cash Flow The company consistently generates positive cash from operations, even in weaker profit years, which is a key strength. Capital spending is modest, so most of that operating cash turns into free cash flow, giving room to fund dividends, buybacks, or small acquisitions without heavy borrowing. That said, cash generation is not as strong as at its peak earlier in the period, mirroring the softer earnings trend, so there is less buffer if conditions in the labor market deteriorate further.

Competitive Edge

Competitive Edge ManpowerGroup is one of the global leaders in staffing and workforce solutions, with well‑known brands serving different segments, a very wide geographic footprint, and long‑standing relationships with large corporate clients. Its ability to combine temporary staffing, permanent placement, IT staffing, and outsourced workforce solutions is a clear differentiator versus smaller or more specialized rivals. However, the industry is intensely competitive, structurally low‑margin, and highly tied to the economic cycle, with pressure from both traditional peers and newer digital talent platforms. Its strong ESG profile and reputation for ethical practices provide an additional edge with large, brand‑sensitive clients.

Innovation and R&D

Innovation and R&D Innovation is centered on technology and data rather than traditional R&D. The company’s proprietary PowerSuite platform and related AI tools aim to digitize the full talent lifecycle—from sourcing to placement to career transition—making matching and workforce planning faster and more predictive. Investments in AI assistants, analytics, and digital outplacement platforms are designed to improve productivity for consultants and provide more tailored experiences for candidates and clients. At the same time, programs like MyPath and Experis Academy focus on upskilling in high‑demand and IT roles, and there is an emerging emphasis on “green” skills. Overall, the company is actively using digital tools and training programs to strengthen its service mix and defend margins in a very commoditized industry.

Summary

ManpowerGroup today looks like a mature, globally scaled staffing business navigating a slower part of the economic cycle. Revenues and margins have softened from earlier highs, but the company remains clearly profitable, with steady—if lower—earnings and reliable free cash flow. The balance sheet is reasonably conservative, with moderate leverage and a somewhat slimmer, yet still acceptable, cash position. Its competitive standing benefits from strong brands, global reach, and a growing suite of tech‑enabled and higher‑value services, even as it faces intense competition and structural margin pressure. The key themes to watch are how effectively it uses AI and digital platforms to boost efficiency and differentiation, and how demand trends evolve in professional, IT, and green‑economy roles that are central to its longer‑term growth story.

NEWS

November 11, 2025 · 9:32 AM UTC

ManpowerGroup and Maricopa Community Colleges Partner to Develop the Next-Generation Semiconductor and Manufacturing Workforce

Read more

November 10, 2025 · 4:15 PM UTC

ManpowerGroup Declares $0.72 Dividend

Read more

November 4, 2025 · 9:32 AM UTC

New Global Research Reveals Employee Growth Is the Key to Business Resilience in the Age of AI and Workforce Transformation

Read more

October 28, 2025 · 9:31 AM UTC

CFOs Double Down on AI and Cybersecurity as Tariffs Emerge as Major New Threat

Read more

October 16, 2025 · 7:30 AM UTC

ManpowerGroup Reports 3rd Quarter 2025 Results

Read more