GitLab
GTLB · Application Software
$56.28
3.2%Manhattan Associates
MANH · Application Software
$238.19
1.6%The short version
- Manhattan Associates is the larger business, with $1.1B of revenue in fiscal 2025 against $955M for GitLab.
- GitLab grew revenue faster (25.8%, against 3.8%).
- Manhattan Associates kept more of each dollar of sales as operating profit (25.9% operating margin, against −7.4% operating margin).
- Manhattan Associates turned more of its sales into free cash flow (34.6% FCF margin, against 23.2% FCF margin).
| Latest fiscal year | GTLB · FY26 | MANH · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.5B | $14.1B |
| Revenue | $955M | $1.1B |
| Free cash flow | $222M | $374M |
| Net income | −$56.0M | $220M |
| Growth | ||
| Revenue growth | 25.8% | 3.8% |
| 5-year growth | 44.4% | 13.0% |
| Share count change | 3.9% | −1.8% |
| Profitability | ||
| Gross margin | 87.4% | 56.3% |
| Operating margin | −7.4% | 25.9% |
| Net margin | −5.9% | 20.3% |
| FCF margin | 23.2% | 34.6% |
| Return on capital | — | — |
| Return on equity | −6.3% | 71.7% |
| Balance sheet | ||
| Net debt | −$1.3B | −$329M |
| Net debt / EBITDA | — | −1.2x |
| Dividends and buybacks | $0.0M | $315M |
| Valuation & quality | ||
| P/E | — | 68.5x |
| Piotroski F-score | 4 | 6 |
FY17
GTLB —
MANH $595M
FY18
GTLB —
MANH $559M
FY19
GTLB —
MANH $618M
FY20
GTLB $81.2M
MANH $586M
FY21
GTLB $152M
MANH $664M
FY22
GTLB $253M
MANH $767M
FY23
GTLB $424M
MANH $929M
FY24
GTLB $580M
MANH $1.0B
FY25
GTLB $759M
MANH $1.1B
FY26
GTLB $955M
MANH —
GTLB
MANH
FY17
GTLB —
MANH 31.2%
FY18
GTLB —
MANH 23.9%
FY19
GTLB —
MANH 18.8%
FY20
GTLB −158.0%
MANH 19.5%
FY21
GTLB −140.6%
MANH 20.2%
FY22
GTLB −51.0%
MANH 19.9%
FY23
GTLB −49.8%
MANH 22.6%
FY24
GTLB −32.3%
MANH 25.1%
FY25
GTLB −18.8%
MANH 25.9%
FY26
GTLB −7.4%
MANH —
GTLB
MANH
FY17
GTLB —
MANH $158M
FY18
GTLB —
MANH $130M
FY19
GTLB —
MANH $132M
FY20
GTLB −$60.2M
MANH $138M
FY21
GTLB −$73.6M
MANH $181M
FY22
GTLB −$53.4M
MANH $173M
FY23
GTLB −$83.5M
MANH $241M
FY24
GTLB $33.4M
MANH $286M
FY25
GTLB −$67.7M
MANH $374M
FY26
GTLB $222M
MANH —
GTLB
MANH
FY17
GTLB —
MANH —
FY18
GTLB —
MANH 214.3%
FY19
GTLB —
MANH 219.1%
FY20
GTLB —
MANH —
FY21
GTLB —
MANH —
FY22
GTLB —
MANH —
FY23
GTLB —
MANH —
FY24
GTLB —
MANH —
FY25
GTLB —
MANH —
FY26
GTLB —
MANH —
GTLB
MANH
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.