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CRCL vs. MANH: Circle Internet vs. Manhattan Associates Stock Comparison

How do Circle Internet (CRCL) and Manhattan Associates (MANH) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Circle Internet (CRCL) and Manhattan Associates (MANH) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.

Manhattan Associates (MANH) carries decades of public-market history since April 23, 1998, while Circle Internet (CRCL) listed on June 5, 2025 — long-window comparisons have far more historical data on the MANH side.

Company profile comparison for Circle Internet (CRCL) and Manhattan Associates (MANH)
Profile ItemCRCLMANH
NameCircle Internet Group, Inc. Class AManhattan Associates Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustrySoftwareSoftware
GICS Sub-IndustryApplication SoftwareApplication Software
Market Capitalization17.41 billion USD14.68 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateJune 5, 2025April 23, 1998
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CRCL
MANH
GSPC
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Circle Internet (CRCL) vs. Manhattan Associates (MANH), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Circle Internet (CRCL) and Manhattan Associates (MANH). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Circle Internet (CRCL) and Manhattan Associates (MANH). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Circle Internet (CRCL) and Manhattan Associates (MANH)
MetricCRCLMANH
Total Return (1Y)-33.88%42.28%
Total Return (3Y, Annualized)--6.91%
Total Return (5Y, Annualized)--7.39%

Risk Profile

Drawdown History

CRCL
MANH
GSPC
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Circle Internet (CRCL) vs. Manhattan Associates (MANH), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Circle Internet (CRCL) and Manhattan Associates (MANH). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Circle Internet (CRCL) is heavily traded at around 12.74M shares per day, whereas Manhattan Associates (MANH) sees a more moderate 751.46K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for Circle Internet (CRCL) and Manhattan Associates (MANH)
MetricCRCLMANH
Volatility (1Y, Annualized)96.01%46.95%
Beta (5Y)0.840.82
Max Drawdown (5Y)-80.93%-60.98%
Avg. Volume (3M)12.74M751.46K

Risk-Adjusted Performance

Risk-Return Positioning

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CRCL and MANH are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Circle Internet (CRCL) and Manhattan Associates (MANH)
MetricCRCLMANH
Sharpe Ratio (1Y)-0.400.81
Sortino Ratio (1Y)-0.611.27

Profitability

ROE (TTM)

Manhattan Associates (MANH) at 83.51% clears its industry range for ROE, a sharper capital-efficiency signal than Circle Internet (CRCL) at 13.44%, which is closer to a typical peer reading.

CRCL

Software & Services industry group

13.44%

Max
53.85%
Q3
17.90%
CRCL
13.44%
Median
6.59%
Q1
-9.59%
Min
-50.52%

MANH

Software & Services industry group

83.51%

MANH
83.51%
Max
53.85%
Q3
17.90%
Median
6.59%
Q1
-9.59%
Min
-50.52%
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Circle Internet (CRCL) vs. Manhattan Associates (MANH): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Manhattan Associates (MANH) at 18.41% retains a top-quartile share of revenue as profit, ahead of Circle Internet (CRCL) at 15.28%, which keeps about the industry-typical share.

CRCL

Software & Services industry group

15.28%

Max
41.17%
CRCL
15.28%
Q3
15.28%
Median
4.63%
Q1
-5.42%
Min
-33.17%

MANH

Software & Services industry group

18.41%

Max
41.17%
MANH
18.41%
Q3
15.28%
Median
4.63%
Q1
-5.42%
Min
-33.17%
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Circle Internet (CRCL) vs. Manhattan Associates (MANH): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Both Circle Internet (CRCL) at 24.09% and Manhattan Associates (MANH) at 26.45% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

CRCL

Software & Services industry group

24.09%

Max
46.89%
CRCL
24.09%
Q3
17.64%
Median
8.73%
Q1
-2.13%
Min
-30.45%

MANH

Software & Services industry group

26.45%

Max
46.89%
MANH
26.45%
Q3
17.64%
Median
8.73%
Q1
-2.13%
Min
-30.45%
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Circle Internet (CRCL) vs. Manhattan Associates (MANH): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Circle Internet (CRCL) and Manhattan Associates (MANH)
MetricCRCLMANH
ROE (TTM)13.44%83.51%
ROA (TTM)0.28%23.64%
Net Margin (TTM)15.28%18.41%
Operating Margin (TTM)24.09%26.45%
Gross Margin (TTM)26.58%55.93%

Growth

Revenue Growth

Circle Internet (CRCL) at 63.86% delivers above-range revenue growth, while Manhattan Associates (MANH) at 3.75% falls into the bottom quartile — a wide split in revenue momentum.

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Circle Internet (CRCL) vs. Manhattan Associates (MANH): A comparison of their Revenue Growth across different time periods.

EPS Growth

Manhattan Associates (MANH) at 2.56% is around its peer norm for EPS growth, while Circle Internet (CRCL) at -640.54% falls below its industry range, a notably weak earnings reading.

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Circle Internet (CRCL) vs. Manhattan Associates (MANH): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Circle Internet (CRCL) and Manhattan Associates (MANH)
MetricCRCLMANH
Revenue Growth (YoY)63.86%3.75%
Revenue Growth (3Y CAGR)52.66%12.13%
EPS Growth (YoY)-640.54%2.56%
EPS Growth (3Y CAGR)--21.04%

Financial Strength

Current Ratio (MRQ)

Both Circle Internet (CRCL) at 1.04 and Manhattan Associates (MANH) at 1.07 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

CRCL

Software & Services industry group

1.04

Max
5.11
Q3
2.77
Median
1.67
CRCL
1.04
Q1
1.01
Min
0.03

MANH

Software & Services industry group

1.07

Max
5.11
Q3
2.77
Median
1.67
MANH
1.07
Q1
1.01
Min
0.03
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Circle Internet (CRCL) vs. Manhattan Associates (MANH): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Circle Internet (CRCL) at 0.00 keeps leverage in the lower industry quartile, while Manhattan Associates (MANH) at 0.26 runs a more typical debt-to-equity mix.

CRCL

Software & Services industry group

0.00

Max
2.52
Q3
1.13
Median
0.40
Q1
0.07
CRCL
0.00
Min
0.00

MANH

Software & Services industry group

0.26

Max
2.52
Q3
1.13
Median
0.40
MANH
0.26
Q1
0.07
Min
0.00
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Circle Internet (CRCL) vs. Manhattan Associates (MANH): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Circle Internet (CRCL) and Manhattan Associates (MANH)
MetricCRCLMANH
Current Ratio (MRQ)1.041.07
Debt / Equity (MRQ)0.000.26
Net Debt / EBITDA-4.68-0.50

Dividends

Dividend Yield (TTM)

Neither Circle Internet (CRCL) nor Manhattan Associates (MANH) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CRCL

Software & Services industry group

0.00%

CRCL
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

MANH

Software & Services industry group

0.00%

MANH
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Circle Internet (CRCL) vs. Manhattan Associates (MANH): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Circle Internet (CRCL) nor Manhattan Associates (MANH) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CRCL

Software & Services industry group

0.00%

CRCL
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

MANH

Software & Services industry group

0.00%

MANH
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Circle Internet (CRCL) vs. Manhattan Associates (MANH): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Circle Internet (CRCL) and Manhattan Associates (MANH)
MetricCRCLMANH
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Circle Internet (CRCL) at 40.89 is near its industry’s usual P/E ratio, while Manhattan Associates (MANH) at 70.81 sits in the richer quartile — MANH needs stronger growth or earnings quality to justify the premium.

CRCL

Software & Services industry group

40.89

Max
112.94
Q3
60.32
CRCL
40.89
Median
32.91
Q1
18.77
Min
6.69

MANH

Software & Services industry group

70.81

Max
112.94
MANH
70.81
Q3
60.32
Median
32.91
Q1
18.77
Min
6.69
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Circle Internet (CRCL) vs. Manhattan Associates (MANH): A comparison of their P/E ratio against the Software & Services industry group benchmark.

P/S Ratio (TTM)

Circle Internet (CRCL) at 5.75 is priced about in line with its industry on P/S ratio, while Manhattan Associates (MANH) at 12.69 sits in the pricier quartile — MANH costs more per dollar of sales.

CRCL

Software & Services industry group

5.75

Max
17.91
Q3
8.78
CRCL
5.75
Median
4.25
Q1
2.23
Min
0.02

MANH

Software & Services industry group

12.69

Max
17.91
MANH
12.69
Q3
8.78
Median
4.25
Q1
2.23
Min
0.02
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Circle Internet (CRCL) vs. Manhattan Associates (MANH): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

Circle Internet (CRCL) at 4.50 sits near its industry’s typical P/B ratio, while Manhattan Associates (MANH) at 73.12 prices above its benchmark range — MANH looks rich relative to book.

CRCL

Software & Services industry group

4.50

Max
16.63
Q3
8.50
CRCL
4.50
Median
4.30
Q1
1.92
Min
-3.90

MANH

Software & Services industry group

73.12

MANH
73.12
Max
16.63
Q3
8.50
Median
4.30
Q1
1.92
Min
-3.90
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Circle Internet (CRCL) vs. Manhattan Associates (MANH): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Circle Internet (CRCL) and Manhattan Associates (MANH)
MetricCRCLMANH
P/E Ratio (TTM)40.8970.81
P/S Ratio (TTM)5.7512.69
P/B Ratio (MRQ)4.5073.12
Free Cash Flow Yield (TTM)1.43%2.21%