Flagship explainer

What drives MANHATTAN ASSOCIATES, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity72%Tax burden77%net income ÷ pretax incomeInterest burden102%pretax ÷ operating incomeOperating margin26%operating income ÷ revenueAsset turnover1.35×revenue ÷ average assetsEquity multiplier2.60×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$220MFY2025
Income before tax$286MFY2025
Operating income$280MFY2025
$1.1BFY2025
Ending assets$839MFY2025
Beginning assets$758MFY2024
$315MFY2025
$299MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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MANH dupont explainer — Buy Like Buffett · Buy Like Buffett