Manhattan Associates, Inc. (MANH) vs McKesson Corporation (MCK)
A side-by-side comparison of Manhattan Associates, Inc. and McKesson Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.
Different business models: MANH is classified in Technology; MCK is classified in Healthcare. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
MANH
Manhattan Associates, Inc.
$201.82TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
MCK
McKesson Corporation
$881.51HealthcareDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — MANH vs MCK
growth of $100 · dividends reinvested · last 10yMANH +233.0% (+12.8%/yr)MCK +472.1% (+19.1%/yr)MCK compounded faster over this window
MANH MCK
MANH vs MCK: by the numbers
- •MCK is the larger company ($103.21B vs $11.77B market cap).
- •MCK trades at the lower trailing earnings multiple (23.59 vs 57.83 P/E), one valuation lens rather than an overall verdict.
- •MANH converts more revenue to profit (18.67% vs 1.12% net margin).
- •MANH grew revenue faster over the past five years (12.69% vs 10.88% CAGR).
- •MCK pays a dividend (0.37% yield), while MANH has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | MANH | MCK |
|---|---|---|
| P/E ratio | 57.83 | 23.59 |
| Forward P/E | 36.71 | 19.75 |
| P/S ratio | 10.45 | 0.25 |
| P/B ratio | 74.71 | N/A |
| EV / EBITDA | 41.45 | 14.79 |
| FCF yield | 3.39% | 5.99% |
Profitability
| Metric | MANH | MCK |
|---|---|---|
| Gross margin | 54.65% | 3.64% |
| Operating margin | 24.33% | 1.62% |
| Net margin | 18.67% | 1.12% |
| ROE | 133.48% | N/A |
| ROIC | 90.92% | 28.34% |
Dividends
| Metric | MANH | MCK |
|---|---|---|
| Dividend yield | N/A | 0.37% |
| Payout ratio | N/A | 8.78% |
Growth (annualized)
| Metric | MANH | MCK |
|---|---|---|
| Revenue CAGR (5Y) | 12.69% | 10.88% |
| EPS CAGR (5Y) | 21.59% | 40.71% |
| FCF CAGR (5Y) | 19.51% | 13.40% |
| Total return CAGR (5Y) | 4.78% | 34.85% |
Frequently asked
- Which has the lower trailing P/E, MANH or MCK?
- MCK has the lower trailing P/E: MANH trades at 57.83 and MCK at 23.59. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, MANH or MCK?
- Over the past five years, MANH grew revenue faster — MANH at a 12.69% CAGR versus MCK at 10.88%.
- Does MANH or MCK pay a bigger dividend?
- MCK pays a dividend (0.37% yield), while MANH has no payments in the available dividend history.
- Is MANH or MCK more profitable?
- MANH runs the higher net margin — MANH at 18.67% versus MCK at 1.12%.
- How have MANH and MCK total returns compared?
- Over the past 10 years, MANH delivered 13.30% and MCK delivered 18.36% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Manhattan Associates P/E ratioMcKesson P/E ratioMcKesson dividend yieldManhattan Associates ROEMcKesson ROEManhattan Associates operating marginMcKesson operating marginManhattan Associates revenue growthMcKesson revenue growthManhattan Associates free cash flowMcKesson free cash flow
Manhattan Associates & McKesson appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 11, 2026.