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.
| Profile Item | CRCL | MANH |
|---|---|---|
| Name | Circle Internet Group, Inc. Class A | Manhattan Associates Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | Software |
| GICS Sub-Industry | Application Software | Application Software |
| Market Capitalization | 17.41 billion USD | 14.68 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | June 5, 2025 | April 23, 1998 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CRCL | MANH |
|---|---|---|
| Total Return (1Y) | -33.88% | 42.28% |
| Total Return (3Y, Annualized) | -- | 6.91% |
| Total Return (5Y, Annualized) | -- | 7.39% |
Risk Profile
Drawdown History
Return Distribution
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.
| Metric | CRCL | MANH |
|---|---|---|
| Volatility (1Y, Annualized) | 96.01% | 46.95% |
| Beta (5Y) | 0.84 | 0.82 |
| Max Drawdown (5Y) | -80.93% | -60.98% |
| Avg. Volume (3M) | 12.74M | 751.46K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CRCL | MANH |
|---|---|---|
| Sharpe Ratio (1Y) | -0.40 | 0.81 |
| Sortino Ratio (1Y) | -0.61 | 1.27 |
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%
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%
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%
Profitability Metrics
| Metric | CRCL | MANH |
|---|---|---|
| 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.
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.
Growth Metrics
| Metric | CRCL | MANH |
|---|---|---|
| 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
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
Financial Strength Metrics
| Metric | CRCL | MANH |
|---|---|---|
| Current Ratio (MRQ) | 1.04 | 1.07 |
| Debt / Equity (MRQ) | 0.00 | 0.26 |
| 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%
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%
Dividend Metrics
| Metric | CRCL | MANH |
|---|---|---|
| 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
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
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
Valuation Metrics
| Metric | CRCL | MANH |
|---|---|---|
| P/E Ratio (TTM) | 40.89 | 70.81 |
| P/S Ratio (TTM) | 5.75 | 12.69 |
| P/B Ratio (MRQ) | 4.50 | 73.12 |
| Free Cash Flow Yield (TTM) | 1.43% | 2.21% |