ManpowerGroup (MAN) Financials

$50.34 -1.38 (-2.66%)

Closing price 03:59 PM Eastern

Extended Trading

$50.36 +0.02 (+0.03%)

As of 04:20 PM Eastern

Annual Income Statements for ManpowerGroup

This table shows ManpowerGroup's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	419	444	545	557	466	24	382	374	89	145
Consolidated Net Income / (Loss)	419	444	545	557	466	24	382	374	89	145
Net Income / (Loss) Continuing Operations	419	444	545	557	466	24	382	374	89	145
Total Pre-Tax Income	661	701	737	755	686	148	568	557	206	257
Total Operating Income	689	746	789	797	645	188	585	582	256	306
Total Gross Profit	3,296	3,334	3,485	3,579	3,375	2,825	3,408	3,572	3,358	3,087
Total Revenue	19,330	19,654	21,034	21,991	20,864	18,001	20,724	19,828	18,915	17,854
Operating Revenue	19,330	19,654	21,034	21,991	20,864	18,001	20,724	19,828	18,915	17,854
Total Cost of Revenue	16,034	16,320	17,550	18,412	17,488	15,176	17,317	16,255	15,557	14,767
Operating Cost of Revenue	16,034	16,320	17,550	18,412	17,488	15,176	17,317	16,255	15,557	14,767
Total Operating Expenses	2,607	2,588	2,695	2,782	2,730	2,637	2,822	2,991	3,102	2,781
Selling, General & Admin Expense	2,607	2,588	2,695	2,782	2,666	2,570	2,822	2,941	3,047	2,781
Impairment Charge	-	-	-	0.00	64	67	0.00	50	55	0.00
Total Other Income / (Expense), net	-28	-44	-52	-42	41	-40	-17	-25	-50	-49
Other Income / (Expense), net	-	-	-52	-42	41	-40	-	-25	-50	-49
Income Tax Expense	242	258	192	198	220	124	186	183	117	112
Basic Earnings per Share	$5.46	$6.33	$8.13	$8.62	$7.78	$0.41	$7.01	$7.17	$1.78	$3.04
Weighted Average Basic Shares Outstanding	76.80M	70.10M	67.10M	64.60M	59.90M	58M	54.50M	52.20M	49.80M	47.80M
Diluted Earnings per Share	$5.40	$6.27	$8.04	$8.56	$7.72	$0.41	$6.91	$7.08	$1.76	$3.01
Weighted Average Diluted Shares Outstanding	77.70M	70.80M	67.90M	65.10M	60.30M	58.30M	55.40M	52.80M	50.40M	48.30M
Weighted Average Basic & Diluted Shares Outstanding	76.80M	70.10M	67.10M	64.60M	58.78M	54.99M	53.65M	50.62M	48.24M	46.69M
Cash Dividends to Common per Share	$1.60	$1.72	$1.86	$2.02	$2.18	$2.26	$2.52	$2.72	$2.94	$3.08

This table shows ManpowerGroup's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	111	49	143	65	30	-150	75	60	23	-13
Consolidated Net Income / (Loss)	111	49	78	65	30	-85	40	60	23	23
Net Income / (Loss) Continuing Operations	111	49	143	65	30	-150	75	60	23	-13
Total Pre-Tax Income	157	90	110	96	55	-55	58	92	59	48
Total Operating Income	162	101	118	108	70	-40	66	101	71	68
Total Gross Profit	879	876	863	862	822	811	764	786	782	755
Total Revenue	4,801	4,809	4,752	4,856	4,676	4,631	4,403	4,521	4,530	4,400
Operating Revenue	4,801	4,809	4,752	4,856	4,676	4,631	4,403	4,521	4,530	4,400
Total Cost of Revenue	3,922	3,934	3,889	3,994	3,854	3,820	3,640	3,735	3,748	3,645
Operating Cost of Revenue	3,922	3,934	3,889	3,994	3,854	3,820	3,640	3,735	3,748	3,645
Total Operating Expenses	717	775	745	755	752	850	698	685	711	687
Selling, General & Admin Expense	717	725	745	755	752	795	698	685	711	687
Total Other Income / (Expense), net	-4.70	-11	-7.50	-12	-15	-16	-8.40	-8.70	-12	-21
Income Tax Expense	46	42	-33	31	24	95	-18	32	36	61
Basic Earnings per Share	$2.15	$0.99	$1.53	$1.30	$0.61	($1.66)	$0.82	$1.25	$0.48	$0.49
Weighted Average Basic Shares Outstanding	51.70M	52.20M	50.90M	50.20M	49.50M	49.80M	48.30M	47.90M	47.60M	47.80M
Diluted Earnings per Share	$2.13	$0.98	$1.51	$1.29	$0.60	($1.64)	$0.81	$1.24	$0.47	$0.49
Weighted Average Diluted Shares Outstanding	52.30M	52.80M	51.60M	50.70M	50.10M	50.40M	48.90M	48.40M	48.10M	48.30M
Weighted Average Basic & Diluted Shares Outstanding	50.56M	50.62M	50.43M	49.58M	48.81M	48.24M	47.70M	47.45M	46.94M	46.69M

This table details how cash moves in and out of ManpowerGroup's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	31	-132	7.10	-97	434	541	-719	-209	-58	-72
Net Cash From Operating Activities	512	600	401	483	814	936	645	423	348	309
Net Cash From Continuing Operating Activities	512	600	401	483	814	936	716	423	348	309
Net Income / (Loss) Continuing Operations	419	444	545	557	466	24	382	374	89	145
Consolidated Net Income / (Loss)	419	444	545	557	466	24	382	374	89	145
Depreciation Expense	78	85	84	86	77	76	73	85	89	87
Non-Cash Adjustments To Reconcile Net Income	40	47	47	51	1.30	143	125	100	93	45
Changes in Operating Assets and Liabilities, net	-25	24	-276	-210	270	693	136	-135	78	33
Net Cash From Investing Activities	-298	-110	-75	-55	-16	-42	-987	-85	-74	-68
Net Cash From Continuing Investing Activities	-298	-110	-75	-55	-16	-42	-987	-85	-74	-68
Purchase of Property, Plant & Equipment	-52	-57	-55	-65	-53	-51	-64	-76	-78	-51
Acquisitions	-261	-58	-33	-9.10	20	-0.70	-924	-16	0.00	-4.90
Divestitures	-	-	13	19	17	9.00	1.60	6.70	4.10	-12
Net Cash From Financing Activities	-144	-598	-319	-485	-337	-435	-284	-482	-350	-282
Net Cash From Continuing Financing Activities	-144	-598	-319	-485	-337	-435	-354	-482	-350	-282
Repayment of Debt	-4.50	-6.70	-0.40	-411	9.90	-41	-5.20	-482	-17	12
Repurchase of Common Equity	-580	-482	-204	-501	-203	-265	-210	-270	-180	-140
Payment of Dividends	-121	-118	-134	-129	-131	-130	-138	-141	-145	-146
Issuance of Debt	458	0.00	5.60	587	9.60	2.70	0.50	421	1.00	3.70
Issuance of Common Equity	104	18	44	-	-	7.40	5.10	0.30	1.80	0.80
Other Financing Activities, net	-0.70	-8.30	-31	-31	-23	-9.50	-6.30	-10	-10	-13
Effect of Exchange Rate Changes	-38	-24	-	-40	-27	83	-93	-65	18	-31
Cash Interest Paid	32	37	37	50	42	41	37	38	76	85
Cash Income Taxes Paid	76	164	127	185	179	150	140	202	182	188

This table details how cash moves in and out of ManpowerGroup's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-359	112	68	-299	164	10	24	-136	-58	99
Net Cash From Operating Activities	268	134	125	-156	266	114	116	-138	84	248
Net Cash From Continuing Operating Activities	268	134	125	-156	266	114	116	-138	84	248
Net Income / (Loss) Continuing Operations	111	49	78	65	30	-85	40	60	23	23
Consolidated Net Income / (Loss)	111	49	78	65	30	-85	40	60	23	23
Depreciation Expense	21	21	21	22	22	24	22	21	22	22
Non-Cash Adjustments To Reconcile Net Income	4.60	60	5.20	9.70	12	66	10	8.60	9.30	17
Changes in Operating Assets and Liabilities, net	131	5.20	21	-252	202	108	45	-228	30	187
Net Cash From Investing Activities	-25	-20	-13	-21	-18	-22	-9.70	-12	-20	-26
Net Cash From Continuing Investing Activities	-25	-20	-13	-21	-18	-22	-9.70	-12	-20	-26
Purchase of Property, Plant & Equipment	-14	-20	-13	-21	-21	-23	-12	-12	-16	-11
Divestitures	6.00	-0.30	0.00	0.10	2.50	1.50	2.10	-	0.70	-15
Net Cash From Financing Activities	-539	-87	-49	-119	-58	-124	-58	19	-140	-104
Net Cash From Continuing Financing Activities	-539	-87	-49	-119	-58	-124	-58	19	-140	-104
Repayment of Debt	-458	8.60	-11	4.90	-8.40	-2.80	3.50	121	-112	-0.30
Repurchase of Common Equity	-85	-25	-30	-50	-50	-50	-50	-27	-29	-34
Payment of Dividends	-	-69	0.00	-74	-	-71	0.00	-74	-	-72
Issuance of Debt	5.00	0.20	0.20	0.20	0.30	0.30	0.00	0.50	0.10	3.10
Other Financing Activities, net	-0.60	-2.20	-9.80	-	-0.50	-0.10	-11	-1.90	0.10	-0.10
Effect of Exchange Rate Changes	-63	85	5.10	-3.50	-26	42	-25	-5.00	19	-19
Cash Interest Paid	13	7.30	11	38	14	13	14	23	33	15
Cash Income Taxes Paid	61	51	29	63	50	41	36	54	51	47

This table presents ManpowerGroup's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	7,518	7,574	8,884	8,520	9,224	9,328	9,829	9,130	8,830	8,201
Total Current Assets	5,093	5,133	6,171	5,997	6,485	6,666	6,423	5,934	5,572	4,970
Cash & Equivalents	731	599	689	592	1,026	1,567	848	639	581	509
Accounts Receivable	4,243	4,413	5,371	5,276	5,273	4,912	5,448	5,137	4,830	4,297
Prepaid Expenses	119	121	112	129	186	187	127	158	161	164
Plant, Property, & Equipment, net	147	147	158	153	143	135	117	112	130	118
Plant, Property & Equipment, gross	585	567	633	614	606	615	595	585	527	488
Accumulated Depreciation	438	420	476	461	462	480	478	473	397	370
Total Noncurrent Assets	2,278	2,294	2,555	2,370	2,596	2,527	3,289	3,084	3,128	3,112
Goodwill	1,257	1,240	1,343	1,297	1,260	1,226	1,722	1,628	1,587	1,563
Intangible Assets	327	294	284	246	269	249	584	550	520	486
Other Noncurrent Operating Assets	694	760	928	827	1,067	1,052	984	906	1,022	1,063
Total Liabilities & Shareholders' Equity	7,518	7,574	8,884	8,520	9,224	9,328	9,829	9,130	8,830	8,201
Total Liabilities	4,825	5,128	6,026	5,821	6,462	6,875	7,297	6,672	6,596	6,074
Total Current Liabilities	3,451	3,659	4,810	4,176	4,441	4,685	5,781	4,912	4,800	4,437
Short-Term Debt	44	40	469	50	61	20	553	27	12	23
Accounts Payable	1,659	1,914	2,279	2,267	2,475	2,527	3,039	2,831	2,723	2,613
Accrued Expenses	695	607	722	621	752	834	884	844	936	815
Other Taxes Payable	1,053	1,098	1,340	1,238	1,154	1,303	1,305	1,209	1,129	986
Total Noncurrent Liabilities	1,374	1,469	1,216	1,645	2,021	2,190	1,517	1,761	1,796	1,637
Long-Term Debt	811	786	478	1,025	1,012	1,104	566	960	991	929
Other Noncurrent Operating Liabilities	563	683	738	620	1,009	1,086	951	801	806	708
Commitments & Contingencies	-	-	-	-	-	-	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,693	2,446	2,858	2,699	2,762	2,454	2,532	2,458	2,234	2,127
Total Preferred & Common Equity	2,625	2,362	2,775	2,625	2,743	2,441	2,522	2,447	2,223	2,125
Preferred Stock	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,625	2,362	2,775	2,625	2,743	2,441	2,522	2,447	2,223	2,125
Common Stock	3,188	3,228	3,304	3,339	3,372	3,404	3,446	3,485	3,516	3,547
Retained Earnings	1,966	2,291	2,713	3,158	3,494	3,389	3,635	3,869	3,813	3,812
Treasury Stock	-2,243	-2,732	-2,954	-3,472	-3,682	-3,954	-4,169	-4,448	-4,640	-4,791
Accumulated Other Comprehensive Income / (Loss)	-286	-426	-288	-400	-441	-397	-389	-459	-466	-443
Noncontrolling Interest	68	85	83	74	19	13	10	11	11	1.70

This table presents ManpowerGroup's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	8,557	8,890	8,869	8,589	8,489	8,454	8,478
Total Current Assets	5,422	5,658	5,591	5,337	5,250	5,233	5,183
Cash & Equivalents	528	707	408	571	605	469	411
Accounts Receivable	4,720	4,773	4,995	4,600	4,459	4,596	4,593
Prepaid Expenses	174	178	188	165	187	169	179
Plant, Property, & Equipment, net	104	110	116	120	124	122	127
Plant, Property & Equipment, gross	537	595	517	511	518	514	540
Accumulated Depreciation	433	485	401	391	394	392	413
Total Noncurrent Assets	3,031	3,121	3,162	3,133	3,115	3,098	3,169
Goodwill	1,640	1,632	1,635	1,620	1,575	1,573	1,594
Intangible Assets	554	541	534	524	508	500	498
Other Noncurrent Operating Assets	836	948	993	989	1,032	1,025	1,077
Total Liabilities & Shareholders' Equity	8,557	8,890	8,869	8,589	8,489	8,454	8,478
Total Liabilities	6,140	6,380	6,419	6,176	6,301	6,308	6,301
Total Current Liabilities	4,450	4,580	4,616	4,428	4,504	4,578	4,525
Short-Term Debt	13	17	22	14	16	137	25
Accounts Payable	2,584	2,662	2,728	2,578	2,615	2,590	2,616
Accrued Expenses	773	777	750	790	820	794	862
Other Taxes Payable	1,080	1,124	1,116	1,046	1,054	1,058	1,022
Total Noncurrent Liabilities	1,690	1,801	1,803	1,748	1,797	1,730	1,776
Long-Term Debt	883	972	979	949	969	962	1,000
Other Noncurrent Operating Liabilities	807	828	824	799	828	768	776
Total Equity & Noncontrolling Interests	2,417	2,509	2,450	2,413	2,188	2,146	2,178
Total Preferred & Common Equity	2,406	2,498	2,439	2,403	2,177	2,137	2,176
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,406	2,498	2,439	2,403	2,177	2,137	2,176
Common Stock	3,474	3,492	3,499	3,506	3,520	3,526	3,541
Retained Earnings	3,889	3,946	3,938	3,969	3,853	3,839	3,862
Treasury Stock	-4,423	-4,488	-4,538	-4,589	-4,700	-4,728	-4,757
Accumulated Other Comprehensive Income / (Loss)	-533	-452	-460	-483	-496	-500	-470
Noncontrolling Interest	11	11	11	11	11	9.00	1.60

This table displays calculated financial ratios and metrics derived from ManpowerGroup's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.90%	1.68%	7.02%	4.55%	-5.13%	-13.72%	15.13%	-4.33%	-4.60%	-5.61%
EBITDA Growth	-4.62%	8.37%	-1.10%	2.29%	-9.26%	-70.63%	194.11%	-2.60%	-54.11%	16.60%
EBIT Growth	-4.31%	8.22%	-1.10%	2.36%	-9.17%	-78.45%	296.34%	-4.83%	-63.04%	24.72%
NOPAT Growth	-3.22%	7.91%	23.77%	0.67%	-25.45%	-93.10%	1,203.52%	-0.95%	-71.73%	56.72%
Net Income Growth	-1.96%	5.84%	22.92%	2.07%	-16.35%	-94.89%	1,506.72%	-2.25%	-76.24%	63.40%
EPS Growth	1.89%	16.11%	28.23%	6.47%	-9.81%	-94.69%	1,585.37%	2.46%	-75.14%	71.02%
Operating Cash Flow Growth	67.05%	17.30%	-33.18%	20.50%	68.58%	14.98%	-31.14%	-34.35%	-17.74%	-11.20%
Free Cash Flow Firm Growth	-23.69%	85.61%	-77.09%	270.08%	55.43%	2.21%	-147.98%	197.27%	-32.67%	-0.97%
Invested Capital Growth	3.89%	-5.10%	16.56%	2.11%	-11.72%	-28.43%	39.39%	0.12%	-5.35%	-3.20%
Revenue Q/Q Growth	-0.86%	0.01%	3.35%	-1.10%	-0.93%	-0.78%	1.61%	-2.81%	-0.94%	-1.28%
EBITDA Q/Q Growth	-1.43%	3.27%	-2.42%	-6.93%	1.79%	-29.20%	4.75%	-12.56%	-38.79%	19.49%
EBIT Q/Q Growth	-1.74%	3.56%	-2.80%	-7.53%	2.13%	-38.69%	5.08%	-13.96%	-48.02%	29.50%
NOPAT Q/Q Growth	0.14%	1.88%	19.74%	-10.46%	-3.99%	-70.50%	9.18%	-13.05%	-65.94%	1,480.72%
Net Income Q/Q Growth	1.62%	0.80%	19.47%	-9.44%	-4.02%	-72.45%	10.04%	-14.31%	-60.00%	280.84%
EPS Q/Q Growth	2.86%	3.13%	20.54%	-7.36%	-2.53%	-70.92%	11.27%	-12.70%	-59.82%	242.05%
Operating Cash Flow Q/Q Growth	5.66%	-4.94%	-17.34%	16.30%	20.38%	-9.50%	6.83%	-23.19%	-5.53%	76.38%
Free Cash Flow Firm Q/Q Growth	-14.58%	16.35%	-60.15%	21.58%	12.11%	-11.47%	-175.02%	196.65%	-14.56%	977.78%
Invested Capital Q/Q Growth	-3.24%	-6.05%	4.60%	-0.76%	-4.43%	-4.51%	44.73%	0.73%	-5.31%	-7.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.05%	16.96%	16.57%	16.27%	16.18%	15.69%	16.44%	18.02%	17.75%	17.29%
EBITDA Margin	3.97%	4.23%	3.91%	3.82%	3.66%	1.24%	3.18%	3.24%	1.56%	1.92%
Operating Margin	3.56%	3.79%	3.75%	3.62%	3.09%	1.04%	2.82%	2.93%	1.35%	1.71%
EBIT Margin	3.56%	3.79%	3.51%	3.43%	3.29%	0.82%	2.82%	2.81%	1.09%	1.44%
Profit (Net Income) Margin	2.17%	2.26%	2.59%	2.53%	2.23%	0.13%	1.85%	1.89%	0.47%	0.81%
Tax Burden Percent	63.45%	63.27%	73.97%	73.76%	67.94%	16.11%	67.31%	67.10%	43.13%	56.50%
Interest Burden Percent	95.91%	94.07%	100.00%	100.00%	100.00%	100.00%	97.04%	100.00%	100.00%	100.00%
Effective Tax Rate	36.55%	36.73%	26.03%	26.24%	32.06%	83.89%	32.69%	32.90%	56.87%	43.50%
Return on Invested Capital (ROIC)	15.81%	17.18%	20.17%	18.66%	14.63%	1.25%	16.38%	13.92%	4.04%	6.62%
ROIC Less NNEP Spread (ROIC-NNEP)	49.32%	1.27%	4.35%	10.31%	25.01%	4.50%	29.86%	8.58%	-1.56%	0.19%
Return on Net Nonoperating Assets (RNNOA)	-0.93%	0.09%	0.40%	1.38%	2.43%	-0.34%	-1.03%	1.06%	-0.26%	0.04%
Return on Equity (ROE)	14.88%	17.27%	20.57%	20.04%	17.06%	0.91%	15.34%	14.98%	3.79%	6.65%
Cash Return on Invested Capital (CROIC)	12.00%	22.42%	4.87%	16.57%	27.07%	34.40%	-16.53%	13.80%	9.54%	9.87%
Operating Return on Assets (OROA)	9.37%	9.88%	8.96%	8.67%	7.73%	1.59%	6.11%	5.88%	2.29%	3.02%
Return on Assets (ROA)	5.70%	5.88%	6.63%	6.40%	5.25%	0.26%	3.99%	3.94%	0.99%	1.70%
Return on Common Equity (ROCE)	14.70%	16.76%	19.92%	19.48%	16.77%	0.91%	15.27%	14.92%	3.77%	6.64%
Return on Equity Simple (ROE_SIMPLE)	15.97%	18.79%	19.65%	21.21%	16.98%	0.98%	15.16%	15.27%	3.99%	6.83%
Net Operating Profit after Tax (NOPAT)	437	472	584	588	438	30	394	390	110	173
NOPAT Margin	2.26%	2.40%	2.78%	2.67%	2.10%	0.17%	1.90%	1.97%	0.58%	0.97%
Net Nonoperating Expense Percent (NNEP)	-33.51%	15.91%	15.82%	8.35%	-10.39%	-3.25%	-13.49%	5.34%	5.60%	6.43%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	11.33%	3.41%	5.61%
Cost of Revenue to Revenue	82.95%	83.04%	83.43%	83.73%	83.82%	84.31%	83.56%	81.98%	82.25%	82.71%
SG&A Expenses to Revenue	13.49%	13.17%	12.81%	12.65%	12.78%	14.28%	13.62%	14.83%	16.11%	15.58%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.49%	13.17%	12.81%	12.65%	13.09%	14.65%	13.62%	15.08%	16.40%	15.58%
Earnings before Interest and Taxes (EBIT)	689	746	737	755	686	148	585	557	206	257
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	767	831	822	841	763	224	659	642	295	343
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.88	2.05	2.49	1.29	1.81	1.89	1.91	1.58	1.67	1.27
Price to Tangible Book Value (P/TBV)	4.74	5.85	6.01	3.13	4.08	4.78	22.29	14.32	31.72	35.79
Price to Revenue (P/Rev)	0.26	0.25	0.33	0.15	0.24	0.26	0.23	0.19	0.20	0.15
Price to Earnings (P/E)	11.78	10.91	12.65	6.08	10.65	194.05	12.59	10.33	41.76	18.67
Dividend Yield	2.39%	2.38%	1.79%	3.69%	2.59%	2.82%	2.84%	3.56%	3.87%	5.34%
Earnings Yield	8.49%	9.17%	7.90%	16.43%	9.39%	0.52%	7.95%	9.68%	2.39%	5.36%
Enterprise Value to Invested Capital (EV/IC)	1.82	1.93	2.32	1.24	1.79	2.08	1.82	1.50	1.56	1.23
Enterprise Value to Revenue (EV/Rev)	0.27	0.26	0.34	0.18	0.24	0.23	0.25	0.21	0.22	0.18
Enterprise Value to EBITDA (EV/EBITDA)	6.69	6.20	8.81	4.69	6.59	18.70	7.73	6.58	14.06	9.19
Enterprise Value to EBIT (EV/EBIT)	7.44	6.91	9.82	5.23	7.33	28.35	8.70	7.58	20.11	12.28
Enterprise Value to NOPAT (EV/NOPAT)	11.73	10.92	12.40	6.71	11.47	138.53	12.93	10.81	37.53	18.24
Enterprise Value to Operating Cash Flow (EV/OCF)	10.03	8.59	18.06	8.17	6.17	4.47	7.90	9.97	11.89	10.20
Enterprise Value to Free Cash Flow (EV/FCFF)	15.47	8.37	51.36	7.56	6.19	5.05	0.00	10.91	15.89	12.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.32	0.34	0.33	0.40	0.39	0.46	0.44	0.40	0.45	0.45
Long-Term Debt to Equity	0.30	0.32	0.17	0.38	0.37	0.45	0.22	0.39	0.44	0.44
Financial Leverage	-0.02	0.07	0.09	0.13	0.10	-0.08	-0.03	0.12	0.16	0.20
Leverage Ratio	2.61	2.94	3.10	3.13	3.25	3.56	3.84	3.80	3.83	3.91
Compound Leverage Factor	2.50	2.76	3.10	3.13	3.25	3.56	3.73	3.80	3.83	3.91
Debt to Total Capital	24.10%	25.23%	24.90%	28.50%	27.99%	31.42%	30.64%	28.64%	30.98%	30.94%
Short-Term Debt to Total Capital	1.25%	1.22%	12.34%	1.33%	1.59%	0.57%	15.14%	0.77%	0.37%	0.76%
Long-Term Debt to Total Capital	22.86%	24.01%	12.56%	27.17%	26.40%	30.85%	15.50%	27.87%	30.60%	30.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.91%	2.58%	2.17%	1.95%	0.48%	0.35%	0.27%	0.31%	0.33%	0.06%
Common Equity to Total Capital	73.99%	72.19%	72.93%	69.55%	71.53%	68.23%	69.09%	71.05%	68.69%	69.01%
Debt to EBITDA	1.12	0.99	1.15	1.28	1.41	5.02	1.70	1.54	3.40	2.77
Net Debt to EBITDA	0.16	0.27	0.31	0.58	0.06	-1.98	0.41	0.54	1.43	1.29
Long-Term Debt to EBITDA	1.06	0.95	0.58	1.22	1.33	4.93	0.86	1.50	3.36	2.71
Debt to NOPAT	1.96	1.75	1.62	1.83	2.45	37.18	2.84	2.53	9.09	5.51
Net Debt to NOPAT	0.29	0.48	0.44	0.82	0.11	-14.66	0.69	0.89	3.82	2.56
Long-Term Debt to NOPAT	1.86	1.67	0.82	1.74	2.31	36.50	1.44	2.46	8.98	5.38
Altman Z-Score	4.12	4.14	3.94	4.00	3.76	3.15	3.30	3.45	3.27	3.28
Noncontrolling Interest Sharing Ratio	1.20%	2.96%	3.15%	2.81%	1.69%	0.60%	0.45%	0.42%	0.46%	0.29%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.48	1.40	1.28	1.44	1.46	1.42	1.11	1.21	1.16	1.12
Quick Ratio	1.44	1.37	1.26	1.41	1.42	1.38	1.09	1.18	1.13	1.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	332	615	141	522	811	829	-398	387	261	258
Operating Cash Flow to CapEx	978.01%	1,054.48%	732.91%	746.68%	1,539.51%	1,846.94%	1,004.36%	559.92%	445.27%	605.09%
Free Cash Flow to Firm to Interest Expense	11.76	13.92	0.00	0.00	0.00	0.00	-22.99	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	18.14	13.57	0.00	0.00	0.00	0.00	37.27	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	16.28	12.29	0.00	0.00	0.00	0.00	33.56	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.63	2.60	2.56	2.53	2.35	1.94	2.16	2.09	2.11	2.10
Accounts Receivable Turnover	4.61	4.54	4.30	4.13	3.96	3.53	4.00	3.75	3.80	3.91
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	130.52	133.52	137.93	141.74	141.02	129.32	164.54	173.17	156.25	143.81
Accounts Payable Turnover	10.02	9.13	8.37	8.10	7.38	6.07	6.22	5.54	5.60	5.54
Days Sales Outstanding (DSO)	79.09	80.38	84.89	88.35	92.28	103.26	91.24	97.43	96.17	93.30
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	36.44	39.96	43.61	45.06	49.48	60.15	58.67	65.91	65.16	65.94
Cash Conversion Cycle (CCC)	42.65	40.42	41.27	43.29	42.80	43.11	32.57	31.52	31.01	27.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,817	2,673	3,116	3,182	2,809	2,010	2,802	2,806	2,655	2,570
Invested Capital Turnover	6.99	7.16	7.27	6.98	6.96	7.47	8.61	7.07	6.93	6.83
Increase / (Decrease) in Invested Capital	106	-144	443	66	-373	-799	792	3.40	-150	-85
Enterprise Value (EV)	5,128	5,152	7,242	3,945	5,024	4,188	5,093	4,221	4,140	3,154
Market Capitalization	4,936	4,841	6,901	3,387	4,958	4,618	4,813	3,862	3,708	2,709
Book Value per Share	$35.65	$35.22	$41.87	$42.45	$46.52	$42.43	$46.49	$48.41	$45.55	$45.28
Tangible Book Value per Share	$14.14	$12.34	$17.32	$17.49	$20.59	$16.80	$3.98	$5.33	$2.40	$1.61
Total Capital	3,548	3,272	3,805	3,774	3,835	3,578	3,650	3,445	3,237	3,080
Total Debt	855	825	948	1,075	1,073	1,124	1,118	987	1,003	953
Total Long-Term Debt	811	786	478	1,025	1,012	1,104	566	960	991	929
Net Debt	125	227	259	484	48	-443	271	348	421	443
Capital Expenditures (CapEx)	52	57	55	65	53	51	64	76	78	51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	955	915	1,141	1,279	1,078	435	347	410	203	47
Debt-free Net Working Capital (DFNWC)	1,686	1,514	1,830	1,871	2,104	2,002	1,195	1,049	785	557
Net Working Capital (NWC)	1,642	1,474	1,361	1,821	2,043	1,982	642	1,023	772	533
Net Nonoperating Expense (NNE)	18	28	38	31	-28	6.43	12	17	22	28
Net Nonoperating Obligations (NNO)	125	227	259	484	48	-443	271	348	421	443
Total Depreciation and Amortization (D&A)	78	85	84	86	77	76	73	85	89	87
Debt-free, Cash-free Net Working Capital to Revenue	4.94%	4.66%	5.43%	5.82%	5.17%	2.42%	1.67%	2.07%	1.07%	0.26%
Debt-free Net Working Capital to Revenue	8.72%	7.70%	8.70%	8.51%	10.09%	11.12%	5.77%	5.29%	4.15%	3.12%
Net Working Capital to Revenue	8.49%	7.50%	6.47%	8.28%	9.79%	11.01%	3.10%	5.16%	4.08%	2.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.46	$6.33	$8.13	$8.62	$7.78	$0.41	$7.01	$7.17	$1.78	$3.04
Adjusted Weighted Average Basic Shares Outstanding	76.80M	70.10M	67.10M	64.60M	59.90M	58M	54.50M	52.20M	49.80M	47.80M
Adjusted Diluted Earnings per Share	$5.40	$6.27	$8.04	$8.56	$7.72	$0.41	$6.91	$7.08	$1.76	$3.01
Adjusted Weighted Average Diluted Shares Outstanding	77.70M	70.80M	67.90M	65.10M	60.30M	58.30M	55.40M	52.80M	50.40M	48.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	72.29M	67.64M	66.16M	60.38M	58.78M	54.99M	53.65M	50.62M	48.24M	46.69M
Normalized Net Operating Profit after Tax (NOPAT)	437	472	584	588	482	178	394	424	218	173
Normalized NOPAT Margin	2.26%	2.40%	2.78%	2.67%	2.31%	0.99%	1.90%	2.14%	1.15%	0.97%
Pre Tax Income Margin	3.42%	3.57%	3.51%	3.43%	3.29%	0.82%	2.74%	2.81%	1.09%	1.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	24.43	16.87	0.00	0.00	0.00	0.00	33.84	0.00	0.00	0.00
NOPAT to Interest Expense	15.50	10.67	0.00	0.00	0.00	0.00	22.78	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	22.57	15.58	0.00	0.00	0.00	0.00	30.13	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	13.65	9.38	0.00	0.00	0.00	0.00	19.07	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.86%	26.68%	24.51%	23.21%	28.22%	545.80%	36.04%	37.72%	163.18%	100.62%
Augmented Payout Ratio	167.27%	135.36%	61.90%	113.15%	71.81%	1,657.98%	90.95%	109.95%	365.65%	197.11%

This table displays calculated financial ratios and metrics derived from ManpowerGroup's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.61%	-10.65%	-7.60%	-4.30%	-2.61%	-3.72%	-7.34%	-6.91%	-3.11%	-4.98%
EBITDA Growth	6.71%	-35.75%	-13.19%	-41.85%	-57.13%	-112.51%	-43.05%	-3.07%	21.20%	692.11%
EBIT Growth	4.19%	-39.50%	-15.00%	-46.98%	-65.11%	-139.19%	-51.23%	-3.55%	29.43%	272.66%
NOPAT Growth	13.51%	-52.30%	63.47%	-42.29%	-66.27%	-150.86%	-43.49%	-10.20%	-29.48%	32.26%
Net Income Growth	13.92%	-56.17%	-15.07%	-46.64%	-72.78%	-273.51%	-48.97%	-7.82%	-24.75%	126.63%
EPS Growth	20.34%	-51.24%	-10.12%	-43.67%	-71.83%	-267.35%	-46.36%	-3.88%	-21.67%	129.88%
Operating Cash Flow Growth	42.88%	-48.80%	76.49%	-216.02%	-0.82%	-15.21%	-6.90%	11.49%	-68.57%	117.77%
Free Cash Flow Firm Growth	-371.77%	107.52%	125.09%	101.42%	102.68%	140.47%	52.47%	2,743.42%	104.77%	-45.84%
Invested Capital Growth	43.86%	0.12%	-1.79%	2.06%	0.68%	-5.35%	-8.03%	-8.80%	-0.46%	-3.20%
Revenue Q/Q Growth	-5.38%	0.17%	-1.18%	2.18%	-3.72%	-0.96%	-4.91%	2.67%	0.21%	-2.88%
EBITDA Q/Q Growth	-11.74%	-31.82%	14.32%	-15.48%	-34.92%	-119.90%	620.39%	43.87%	-18.63%	-2.81%
EBIT Q/Q Growth	-13.23%	-35.71%	16.96%	-18.74%	-42.90%	-172.21%	245.57%	60.70%	-23.38%	-3.67%
NOPAT Q/Q Growth	-9.67%	-52.58%	180.92%	-52.05%	-47.20%	-171.51%	412.12%	-23.80%	-58.53%	-168.69%
Net Income Q/Q Growth	-8.92%	-56.24%	59.75%	-16.20%	-53.53%	-378.88%	146.98%	51.39%	-62.06%	-1.32%
EPS Q/Q Growth	-6.99%	-53.99%	54.08%	-14.57%	-53.49%	-373.33%	149.39%	53.09%	-62.10%	4.26%
Operating Cash Flow Q/Q Growth	643.41%	-49.94%	-7.08%	-225.04%	270.54%	-57.21%	2.02%	-218.88%	160.55%	196.53%
Free Cash Flow Firm Q/Q Growth	11.10%	106.94%	299.73%	-94.24%	67.63%	523.21%	153.45%	7.39%	-87.93%	64.82%
Invested Capital Q/Q Growth	-6.59%	0.73%	-0.50%	9.01%	-7.85%	-5.31%	-3.31%	8.11%	0.57%	-7.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.30%	18.21%	18.16%	17.76%	17.58%	17.51%	17.34%	17.38%	17.26%	17.16%
EBITDA Margin	3.71%	2.53%	2.92%	2.42%	1.63%	-0.33%	1.80%	2.52%	2.04%	2.05%
Operating Margin	3.36%	2.10%	2.48%	2.22%	1.49%	-0.85%	1.50%	2.24%	1.56%	1.55%
EBIT Margin	3.27%	2.10%	2.48%	1.97%	1.17%	-0.85%	1.31%	2.04%	1.56%	1.55%
Profit (Net Income) Margin	2.32%	1.01%	1.64%	1.34%	0.65%	-1.82%	0.90%	1.33%	0.50%	0.51%
Tax Burden Percent	70.98%	53.93%	70.47%	68.06%	55.39%	153.64%	69.04%	65.04%	38.51%	47.17%
Interest Burden Percent	100.00%	89.58%	93.64%	100.00%	100.00%	139.24%	100.00%	100.00%	83.62%	69.94%
Effective Tax Rate	29.02%	46.07%	-29.53%	31.94%	44.61%	0.00%	-30.96%	34.96%	61.49%	127.46%
Return on Invested Capital (ROIC)	20.63%	7.99%	22.17%	9.62%	5.65%	-4.14%	13.58%	9.11%	3.89%	-2.91%
ROIC Less NNEP Spread (ROIC-NNEP)	24.37%	6.16%	-4.17%	8.20%	3.45%	-18.93%	-0.50%	8.19%	3.00%	6.63%
Return on Net Nonoperating Assets (RNNOA)	-0.89%	0.76%	-0.47%	1.89%	0.54%	-3.10%	-0.07%	2.18%	0.66%	1.31%
Return on Equity (ROE)	19.75%	8.76%	21.70%	11.51%	6.19%	-7.24%	13.51%	11.29%	4.55%	-1.59%
Cash Return on Invested Capital (CROIC)	-16.96%	13.80%	17.74%	11.11%	10.91%	9.54%	9.42%	9.93%	0.86%	9.87%
Operating Return on Assets (OROA)	7.40%	4.38%	5.18%	4.10%	2.61%	-1.80%	2.79%	4.30%	3.31%	3.25%
Return on Assets (ROA)	5.25%	2.12%	3.42%	2.79%	1.44%	-3.84%	1.93%	2.80%	1.07%	1.07%
Return on Common Equity (ROCE)	19.67%	8.72%	21.61%	11.47%	6.16%	-7.20%	13.45%	11.25%	4.54%	-1.59%
Return on Equity Simple (ROE_SIMPLE)	18.13%	0.00%	14.41%	12.42%	9.24%	0.00%	2.33%	2.13%	1.75%	0.00%
Net Operating Profit after Tax (NOPAT)	115	54	153	73	39	-28	86	66	27	-19
NOPAT Margin	2.39%	1.13%	3.21%	1.51%	0.83%	-0.60%	1.96%	1.45%	0.60%	-0.43%
Net Nonoperating Expense Percent (NNEP)	-3.74%	1.83%	26.34%	1.42%	2.20%	14.79%	14.08%	0.93%	0.89%	-9.54%
Return On Investment Capital (ROIC_SIMPLE)	-	1.58%	-	-	-	-0.85%	-	-	-	-0.61%
Cost of Revenue to Revenue	81.70%	81.79%	81.84%	82.24%	82.42%	82.49%	82.66%	82.62%	82.74%	82.84%
SG&A Expenses to Revenue	14.93%	15.07%	15.68%	15.54%	16.09%	17.17%	15.85%	15.15%	15.70%	15.61%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.93%	16.11%	15.68%	15.54%	16.09%	18.36%	15.85%	15.15%	15.70%	15.61%
Earnings before Interest and Taxes (EBIT)	157	101	118	96	55	-40	58	92	71	68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	178	122	139	117	76	-15	79	114	93	90
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.29	1.58	1.57	1.58	1.45	1.67	1.71	1.56	1.60	1.27
Price to Tangible Book Value (P/TBV)	14.63	14.32	12.08	14.23	13.48	31.72	39.31	52.11	41.58	35.79
Price to Revenue (P/Rev)	0.15	0.19	0.20	0.20	0.18	0.20	0.20	0.18	0.19	0.15
Price to Earnings (P/E)	7.11	10.33	9.24	10.44	12.15	41.76	175.89	208.11	410.40	18.67
Dividend Yield	4.37%	3.56%	3.50%	3.71%	4.02%	3.87%	3.87%	4.31%	4.09%	5.34%
Earnings Yield	14.07%	9.68%	10.82%	9.58%	8.23%	2.39%	0.57%	0.48%	0.24%	5.36%
Enterprise Value to Invested Capital (EV/IC)	1.25	1.50	1.51	1.46	1.39	1.56	1.60	1.43	1.47	1.23
Enterprise Value to Revenue (EV/Rev)	0.17	0.21	0.22	0.23	0.20	0.22	0.22	0.22	0.23	0.18
Enterprise Value to EBITDA (EV/EBITDA)	4.74	6.58	6.55	7.77	8.09	14.06	14.00	13.86	14.28	9.19
Enterprise Value to EBIT (EV/EBIT)	5.37	7.58	7.53	9.12	9.83	20.11	20.13	20.11	20.69	12.28
Enterprise Value to NOPAT (EV/NOPAT)	7.75	10.81	9.41	11.23	12.02	37.53	145.95	188.06	375.17	18.24
Enterprise Value to Operating Cash Flow (EV/OCF)	6.31	9.97	8.85	12.00	10.56	11.89	12.08	11.10	23.41	10.20
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	10.91	8.45	13.29	12.76	15.89	16.25	13.74	171.42	12.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.40	0.39	0.41	0.40	0.45	0.45	0.51	0.47	0.45
Long-Term Debt to Equity	0.37	0.39	0.39	0.40	0.39	0.44	0.44	0.45	0.46	0.44
Financial Leverage	-0.04	0.12	0.11	0.23	0.16	0.16	0.14	0.27	0.22	0.20
Leverage Ratio	3.68	3.80	3.67	3.78	3.55	3.83	3.70	3.77	3.72	3.91
Compound Leverage Factor	3.68	3.40	3.44	3.78	3.55	5.33	3.70	3.77	3.11	2.73
Debt to Total Capital	27.05%	28.64%	28.27%	29.01%	28.50%	30.98%	31.04%	33.86%	31.99%	30.94%
Short-Term Debt to Total Capital	0.40%	0.77%	0.47%	0.65%	0.40%	0.37%	0.49%	4.22%	0.77%	0.76%
Long-Term Debt to Total Capital	26.65%	27.87%	27.80%	28.36%	28.10%	30.60%	30.54%	29.64%	31.22%	30.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.32%	0.31%	0.31%	0.31%	0.31%	0.33%	0.35%	0.28%	0.05%	0.06%
Common Equity to Total Capital	72.63%	71.05%	71.42%	70.68%	71.18%	68.69%	68.62%	65.86%	67.96%	69.01%
Debt to EBITDA	1.22	1.54	1.53	1.75	2.00	3.40	3.36	3.84	3.56	2.77
Net Debt to EBITDA	0.50	0.54	0.44	1.04	0.81	1.43	1.30	2.20	2.14	1.29
Long-Term Debt to EBITDA	1.20	1.50	1.51	1.71	1.97	3.36	3.31	3.36	3.48	2.71
Debt to NOPAT	2.00	2.53	2.20	2.53	2.97	9.09	35.03	52.06	93.66	5.51
Net Debt to NOPAT	0.82	0.89	0.63	1.50	1.21	3.82	13.51	29.84	56.10	2.56
Long-Term Debt to NOPAT	1.97	2.46	2.17	2.47	2.93	8.98	34.47	45.57	91.40	5.38
Altman Z-Score	3.52	3.28	3.37	3.32	3.36	3.17	3.30	3.24	3.22	3.20
Noncontrolling Interest Sharing Ratio	0.41%	0.42%	0.43%	0.41%	0.44%	0.46%	0.47%	0.43%	0.27%	0.29%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.22	1.21	1.24	1.21	1.21	1.16	1.17	1.14	1.15	1.12
Quick Ratio	1.18	1.18	1.20	1.17	1.17	1.13	1.12	1.11	1.11	1.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-735	51	204	12	20	123	311	334	40	66
Operating Cash Flow to CapEx	1,886.62%	680.71%	943.94%	-728.04%	1,296.10%	492.21%	983.05%	-1,158.82%	518.63%	2,191.15%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	27.16	0.00	0.00	0.00	0.00	0.00	3.47	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	16.61	0.00	0.00	0.00	0.00	0.00	7.20	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	14.85	0.00	0.00	0.00	0.00	0.00	5.81	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.27	2.09	2.09	2.08	2.23	2.11	2.14	2.10	2.12	2.10
Accounts Receivable Turnover	4.16	3.75	3.81	3.72	4.10	3.80	4.02	3.80	3.93	3.91
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	182.80	173.17	173.70	169.85	170.48	156.25	158.27	152.94	146.79	143.81
Accounts Payable Turnover	6.20	5.54	5.47	5.47	6.07	5.60	5.80	5.66	5.75	5.54
Days Sales Outstanding (DSO)	87.77	97.43	95.90	98.18	89.09	96.17	90.75	96.01	92.77	93.30
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	58.89	65.91	66.76	66.68	60.12	65.16	62.92	64.49	63.44	65.94
Cash Conversion Cycle (CCC)	28.88	31.52	29.14	31.50	28.96	31.01	27.83	31.53	29.33	27.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,785	2,806	2,792	3,043	2,804	2,655	2,567	2,776	2,791	2,570
Invested Capital Turnover	8.64	7.07	6.90	6.38	6.83	6.93	6.93	6.27	6.46	6.83
Increase / (Decrease) in Invested Capital	849	3.40	-51	62	19	-150	-224	-268	-13	-85
Enterprise Value (EV)	3,479	4,221	4,223	4,449	3,892	4,140	4,102	3,968	4,104	3,154
Market Capitalization	3,099	3,862	3,930	3,844	3,491	3,708	3,711	3,330	3,488	2,709
Book Value per Share	$46.50	$48.41	$49.36	$48.37	$48.46	$45.55	$45.07	$44.80	$45.86	$45.28
Tangible Book Value per Share	$4.09	$5.33	$6.43	$5.36	$5.22	$2.40	$1.95	$1.34	$1.77	$1.61
Total Capital	3,313	3,445	3,498	3,451	3,375	3,237	3,172	3,244	3,202	3,080
Total Debt	896	987	989	1,001	962	1,003	985	1,099	1,025	953
Total Long-Term Debt	883	960	972	979	949	991	969	962	1,000	929
Net Debt	369	348	282	594	391	421	380	630	614	443
Capital Expenditures (CapEx)	14	20	13	21	21	23	12	12	16	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	458	410	388	589	351	203	157	323	272	47
Debt-free Net Working Capital (DFNWC)	985	1,049	1,095	997	923	785	761	792	682	557
Net Working Capital (NWC)	972	1,023	1,078	975	909	772	746	655	658	533
Net Nonoperating Expense (NNE)	3.34	5.66	75	8.03	8.36	57	47	5.66	4.47	-41
Net Nonoperating Obligations (NNO)	369	348	282	594	391	421	380	630	614	443
Total Depreciation and Amortization (D&A)	21	21	21	22	22	24	22	21	22	22
Debt-free, Cash-free Net Working Capital to Revenue	2.24%	2.07%	2.00%	3.07%	1.84%	1.07%	0.84%	1.77%	1.50%	0.26%
Debt-free Net Working Capital to Revenue	4.83%	5.29%	5.63%	5.19%	4.83%	4.15%	4.10%	4.35%	3.77%	3.12%
Net Working Capital to Revenue	4.76%	5.16%	5.55%	5.07%	4.76%	4.08%	4.02%	3.59%	3.64%	2.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.15	$0.99	$1.53	$1.30	$0.61	($1.66)	$0.82	$1.25	$0.48	$0.49
Adjusted Weighted Average Basic Shares Outstanding	51.70M	52.20M	50.90M	50.20M	49.50M	49.80M	48.30M	47.90M	47.60M	47.80M
Adjusted Diluted Earnings per Share	$2.13	$0.98	$1.51	$1.29	$0.60	($1.64)	$0.81	$1.24	$0.47	$0.49
Adjusted Weighted Average Diluted Shares Outstanding	52.30M	52.80M	51.60M	50.70M	50.10M	50.40M	48.90M	48.40M	48.10M	48.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	50.56M	50.62M	50.43M	49.58M	48.81M	48.24M	47.70M	47.45M	46.94M	46.69M
Normalized Net Operating Profit after Tax (NOPAT)	115	54	83	73	39	-28	46	66	50	48
Normalized NOPAT Margin	2.39%	1.13%	1.74%	1.51%	0.83%	-0.60%	1.05%	1.45%	1.09%	1.09%
Pre Tax Income Margin	3.27%	1.88%	2.32%	1.97%	1.17%	-1.19%	1.31%	2.04%	1.31%	1.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	15.72	0.00	0.00	0.00	0.00	0.00	6.10	0.00
NOPAT to Interest Expense	0.00	0.00	20.36	0.00	0.00	0.00	0.00	0.00	2.35	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	13.96	0.00	0.00	0.00	0.00	0.00	4.72	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	18.60	0.00	0.00	0.00	0.00	0.00	0.96	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	32.21%	37.72%	0.00%	47.03%	64.19%	163.18%	285.80%	317.76%	380.32%	100.62%
Augmented Payout Ratio	102.11%	109.95%	66.69%	109.70%	133.92%	365.65%	679.88%	705.70%	789.76%	197.11%

Frequently Asked Questions About ManpowerGroup's Financials

When does ManpowerGroup's financial year end?

According to the most recent income statement we have on file, ManpowerGroup's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has ManpowerGroup's net income changed over the last 9 years?

ManpowerGroup's net income appears to be on a downward trend, with a most recent value of $145.10 million in 2024, falling from $419.20 million in 2015. The previous period was $88.80 million in 2023.

What is ManpowerGroup's operating income?

ManpowerGroup's total operating income in 2024 was $306 million, based on the following breakdown:

Total Gross Profit: $3.09 billion
Total Operating Expenses: $2.78 billion

How has ManpowerGroup revenue changed over the last 9 years?

Over the last 9 years, ManpowerGroup's total revenue changed from $19.33 billion in 2015 to $17.85 billion in 2024, a change of -7.6%.

How much debt does ManpowerGroup have?

ManpowerGroup's total liabilities were at $6.07 billion at the end of 2024, a 7.9% decrease from 2023, and a 25.9% increase since 2015.

How much cash does ManpowerGroup have?

In the past 9 years, ManpowerGroup's cash and equivalents has ranged from $509.40 million in 2024 to $1.57 billion in 2020, and is currently $509.40 million as of their latest financial filing in 2024.

How has ManpowerGroup's book value per share changed over the last 9 years?

Over the last 9 years, ManpowerGroup's book value per share changed from 35.65 in 2015 to 45.28 in 2024, a change of 27.0%.

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This page (NYSE:MAN) was last updated on 4/15/2025 by MarketBeat.com Staff

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ManpowerGroup (MAN) Financials

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