ManpowerGroup (MAN) AI Stock Analysis

• Market Cap: $1.38B
• Dividend Yield: 7.59%
• Average Volume (3M): 1.10M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.94
• Revenue Growth: -2.44%
• EPS Growth: -156.01%
• Country: US
• Employees: 26,700
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 0.83
• Shares Outstanding: 46,297,180
• 10 Day Avg. Volume: 1,214,612
• 30 Day Avg. Volume: 1,096,594
• PEG Ratio: 0.27
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 0.15
• P/FCF Ratio: 10.69
• Enterprise Value/Market Cap: 2.27
• Enterprise Value/Revenue: 0.18
• Enterprise Value/Gross Profit: 1.05
• Enterprise Value/Ebitda: 12.16
• 1Y Price Target: $39.00
• Price Target Upside: 30.96% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 6
• EPS Forecast (FY): 2.92
• Revenue Forecast (FY): $17.88B

• Rating: 46 Neutral
• Price Target: $29.00 ▼(-2.62% Downside)

ManpowerGroup's overall stock score is primarily impacted by its financial challenges, including declining revenues and profitability, and negative cash flows. The technical analysis further indicates bearish momentum, while valuation metrics suggest caution due to a negative P/E ratio. The earnings call provided some positive strategic insights, but significant pressures remain.

Positive Factors

AI-Driven Revenue Gains

AI initiatives are enhancing ManpowerGroup's ability to identify higher-value prospects, potentially leading to sustained revenue growth and competitive advantage in the staffing industry.

Expansion in Global Enterprise Programs

Expansion into global enterprise programs supports revenue stabilization and growth, strengthening ManpowerGroup's market position and diversifying its client base.

Cost Management and Efficiency Improvements

Efforts in cost management and efficiency can improve margins and shareholder value, enhancing long-term financial health and operational resilience.

Negative Factors

Decline in EBITDA and Earnings Per Share

Significant declines in EBITDA and EPS indicate financial pressure, potentially affecting ManpowerGroup's ability to invest in growth and maintain competitive positioning.

Ongoing Gross Margin Pressure

Persistent gross margin pressure could limit profitability and reduce financial flexibility, challenging ManpowerGroup's ability to sustain long-term growth.

Challenges in Northern Europe

Ongoing challenges in Northern Europe, including restructuring, may hinder regional performance and overall revenue growth, impacting ManpowerGroup's global operations.

ManpowerGroup Business Overview & Revenue Model

Company Description

ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives. In addition, the company provides workforce consulting services; contingent staffing and permanent recruitment services; professional resourcing and project-based solutions in information technology, engineering, and finance fields; solutions in the areas of organizational efficiency, individual development, and career mobility; and recruitment process outsourcing, TAPFIN managed, and talent based outsourcing services, as well as Proservia services in the areas of digital services market and IT infrastructure sector. It operates through a network of approximately 2,200 offices in 75 countries and territories. The company was incorporated in 1948 and is based in Milwaukee, Wisconsin.

How the Company Makes Money

ManpowerGroup generates revenue primarily through its staffing and recruitment services. The company earns money by charging clients a fee for the placement of temporary and permanent employees, which is typically a percentage of the employee's salary or an hourly rate multiplied by the hours worked. Additionally, ManpowerGroup offers value-added services such as training, talent assessment, and workforce management solutions, which further contribute to its revenue streams. Significant partnerships with businesses across various industries enhance its ability to provide tailored workforce solutions, thereby driving earnings. The company also benefits from economic trends that affect employment levels, as demand for staffing services often increases during periods of economic growth.

ManpowerGroup Financial Statement Overview

Summary

ManpowerGroup faces significant financial challenges, with declining revenues and profitability impacting its income statement. The balance sheet shows increased leverage, while cash flow issues are evident with negative cash flows. The company needs to address these issues to improve its financial health and stability.

Income Statement

The income statement shows a concerning trend with declining revenue and profitability. The TTM data reveals a negative net profit margin, indicating losses. Gross profit margin has slightly decreased over time, and EBIT and EBITDA margins have also contracted. Revenue growth has been negative in recent years, reflecting challenges in maintaining sales momentum.

Balance Sheet

The balance sheet indicates moderate financial stability. The debt-to-equity ratio has increased in the TTM period, suggesting rising leverage, but it remains within a manageable range. Return on equity has turned negative in the TTM, reflecting recent losses. The equity ratio is stable, indicating a reasonable proportion of equity financing.

Cash Flow

Cash flow analysis highlights significant challenges, with negative operating and free cash flows in the TTM period. The free cash flow growth rate is positive, but this is due to a smaller negative base. Ratios of cash flow to net income are relatively high, indicating cash flow issues are not solely due to profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	17.64B	17.85B	18.91B	19.83B	20.72B	18.00B
Gross Profit	2.99B	3.09B	3.36B	3.57B	3.41B	2.82B
EBITDA	258.30M	433.40M	374.20M	688.60M	680.30M	267.30M
Net Income	-21.00M	145.10M	88.80M	373.80M	382.40M	23.80M
Balance Sheet
Total Assets	8.45B	8.20B	8.83B	9.13B	9.83B	9.35B
Cash, Cash Equivalents and Short-Term Investments	274.60M	509.40M	581.30M	639.00M	847.80M	1.57B
Total Debt	1.64B	1.23B	1.43B	1.36B	1.39B	1.55B
Total Liabilities	6.44B	6.07B	6.60B	6.67B	7.30B	6.89B
Stockholders Equity	2.01B	2.13B	2.22B	2.45B	2.52B	2.44B
Cash Flow
Free Cash Flow	-93.10M	258.10M	270.00M	347.70M	580.60M	885.70M
Operating Cash Flow	-35.40M	309.20M	348.20M	423.30M	644.80M	936.40M
Investing Cash Flow	-75.00M	-68.20M	-74.10M	-85.30M	-987.00M	-42.40M
Financing Cash Flow	-44.10M	-282.40M	-349.50M	-482.10M	-283.70M	-435.20M

ManpowerGroup Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 29.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MAN, the sentiment is Negative. The current price of 29.78 is below the 20-day moving average (MA) of 33.76, below the 50-day MA of 36.94, and below the 200-day MA of 44.84, indicating a bearish trend. The MACD of -2.20 indicates Positive momentum. The RSI at 23.11 is Positive, neither overbought nor oversold. The STOCH value of 10.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MAN.

ManpowerGroup Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KFY	71 Outperform	$3.42B	13.89	13.55%	2.73%	0.79%	34.85%
BBSI	66 Neutral	$1.03B	19.80	25.36%	0.79%	9.48%	11.62%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
RHI	60 Neutral	$2.58B	16.54	11.27%	8.66%	-7.27%	-43.88%
KELYA	48 Neutral	$398.89M	―	-0.49%	2.63%	0.97%	-112.75%
NSP	47 Neutral	$1.40B	83.72	16.04%	6.48%	3.19%	-86.21%
MAN	46 Neutral	$1.38B	―	-1.00%	7.59%	-2.44%	-156.01%

ManpowerGroup Corporate Events

ManpowerGroup Reports Mixed Q3 2025 Financial Results

ManpowerGroup Inc., a leading global workforce solutions company, specializes in sourcing, assessing, developing, and managing talent across various industries worldwide, operating under brands such as Manpower, Experis, and Talent Solutions in over 70 countries.

ManpowerGroup’s Earnings Call: Strategic Growth Amid Challenges

ManpowerGroup’s Strategic Shift Towards Stabilization and Growth