Which has the lower trailing P/E, MANH or SPOT?

SPOT has the lower trailing P/E: MANH trades at 57.83 and SPOT at 32.80. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MANH or SPOT?

Over the past five years, SPOT grew revenue faster — MANH at a 12.69% CAGR versus SPOT at 15.47%.

Is MANH or SPOT more profitable?

MANH runs the higher net margin — MANH at 18.67% versus SPOT at 18.49%.

How have MANH and SPOT total returns compared?

Over the past 5 years, MANH delivered 4.78% and SPOT delivered 16.28% annualized total return. Past performance doesn't predict future results.

Manhattan Associates, Inc. (MANH) vs Spotify Technology S.A. (SPOT)

A side-by-side comparison of Manhattan Associates, Inc. and Spotify Technology S.A. 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; SPOT is classified in Communication Services. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

MANH

Manhattan Associates, Inc.

$11.77B

$201.82TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT

SPOT

Spotify Technology S.A.

$108.09B

$525.75Communication ServicesDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — MANH vs SPOT

growth of $100 · dividends reinvested · last 8y

MANH +410.4% (+22.6%/yr)SPOT +251.0% (+17.0%/yr)MANH compounded faster over this window

MANH SPOT

MANH vs SPOT: by the numbers

•SPOT is the larger company ($108.09B vs $11.77B market cap).
•SPOT trades at the lower trailing earnings multiple (32.80 vs 57.83 P/E), one valuation lens rather than an overall verdict.
•MANH converts more revenue to profit (18.67% vs 18.49% net margin).
•SPOT grew revenue faster over the past five years (15.47% vs 12.69% CAGR).

Metrics side by side

Valuation

Metric	MANH	SPOT
P/E ratio	57.83	32.80
Forward P/E	36.71	N/A
P/S ratio	10.45	5.14
P/B ratio	74.71	11.28
EV / EBITDA	41.45	31.80
FCF yield	3.39%	3.53%

Profitability

Metric	MANH	SPOT
Gross margin	54.65%	32.79%
Operating margin	24.33%	14.65%
Net margin	18.67%	18.49%
ROE	133.48%	40.58%
ROIC	90.92%	29.12%

Growth (annualized)

Metric	MANH	SPOT
Revenue CAGR (5Y)	12.69%	15.47%
EPS CAGR (5Y)	21.59%	N/A
FCF CAGR (5Y)	19.51%	66.34%
Total return CAGR (5Y)	4.78%	16.28%

Frequently asked

Which has the lower trailing P/E, MANH or SPOT?: SPOT has the lower trailing P/E: MANH trades at 57.83 and SPOT at 32.80. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MANH or SPOT?: Over the past five years, SPOT grew revenue faster — MANH at a 12.69% CAGR versus SPOT at 15.47%.
Is MANH or SPOT more profitable?: MANH runs the higher net margin — MANH at 18.67% versus SPOT at 18.49%.
How have MANH and SPOT total returns compared?: Over the past 5 years, MANH delivered 4.78% and SPOT delivered 16.28% annualized total return. Past performance doesn't predict future results.

Go deeper

Full MANH analysis Full SPOT analysis Interactive comparison tool

Dig into the metrics

Manhattan Associates P/E ratio Spotify Technology P/E ratio Manhattan Associates ROE Spotify Technology ROE Manhattan Associates operating margin Spotify Technology operating margin Manhattan Associates revenue growth Spotify Technology revenue growth Manhattan Associates free cash flow Spotify Technology free cash flow

Manhattan Associates & Spotify Technology appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest 10-Year Total Return Stocks

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.