CRM vs. MANH: Salesforce vs. Manhattan Associates Stock Comparison

November 11, 2026

How do Salesforce (CRM) 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

Salesforce (CRM) 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.

Company profile comparison for Salesforce (CRM) and Manhattan Associates (MANH)
Profile Item	CRM	MANH
Name	Salesforce, Inc.	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	175.83 billion USD	14.68 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	June 23, 2004	April 23, 1998
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CRM

MANH

GSPC

Salesforce (CRM) 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 Salesforce (CRM) and Manhattan Associates (MANH). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Salesforce (CRM) and Manhattan Associates (MANH)
Metric	CRM	MANH
Total Return (1Y)	-9.04%	42.28%
Total Return (3Y, Annualized)	1.64%	6.91%
Total Return (5Y, Annualized)	-6.57%	7.39%

Risk Profile

Drawdown History

CRM

MANH

GSPC

Salesforce (CRM) 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 Salesforce (CRM) and Manhattan Associates (MANH). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Salesforce (CRM) is heavily traded at around 11.36M 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 Salesforce (CRM) and Manhattan Associates (MANH)
Metric	CRM	MANH
Volatility (1Y, Annualized)	47.53%	46.95%
Beta (5Y)	1.24	0.82
Max Drawdown (5Y)	-58.67%	-60.98%
Avg. Volume (3M)	11.36M	751.46K

Risk-Adjusted Performance

Risk-Return Positioning

CRM 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 Salesforce (CRM) and Manhattan Associates (MANH)
Metric	CRM	MANH
Sharpe Ratio (1Y)	-0.28	0.81
Sortino Ratio (1Y)	-0.45	1.27

Profitability

ROE (TTM)

Both companies show strong equity returns, but Manhattan Associates (MANH) at 83.51% is the standout with ROE above its industry range; Salesforce (CRM) at 19.38% also sits in the top quartile.

CRM

Software & Services industry group

19.38%

Max: 53.85%
CRM: 19.38%
Q3: 17.90%
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%

Salesforce (CRM) vs. Manhattan Associates (MANH): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Salesforce (CRM) at 21.99% and Manhattan Associates (MANH) at 18.41% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

CRM

Software & Services industry group

21.99%

Max: 41.17%
CRM: 21.99%
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%

Salesforce (CRM) vs. Manhattan Associates (MANH): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Both Salesforce (CRM) at 21.38% 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.

CRM

Software & Services industry group

21.38%

Max: 46.89%
CRM: 21.38%
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%

Salesforce (CRM) vs. Manhattan Associates (MANH): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Salesforce (CRM) and Manhattan Associates (MANH)
Metric	CRM	MANH
ROE (TTM)	19.38%	83.51%
ROA (TTM)	5.70%	23.64%
Net Margin (TTM)	21.99%	18.41%
Operating Margin (TTM)	21.38%	26.45%
Gross Margin (TTM)	77.28%	55.93%

Growth

Revenue Growth

Salesforce (CRM) at 9.58% is around its peer norm for revenue growth, while Manhattan Associates (MANH) at 3.75% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Salesforce (CRM) vs. Manhattan Associates (MANH): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Salesforce (CRM) at 22.64% and Manhattan Associates (MANH) at 2.56% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Salesforce (CRM) vs. Manhattan Associates (MANH): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Salesforce (CRM) and Manhattan Associates (MANH)
Metric	CRM	MANH
Revenue Growth (YoY)	9.58%	3.75%
Revenue Growth (3Y CAGR)	9.82%	12.13%
EPS Growth (YoY)	22.64%	2.56%
EPS Growth (3Y CAGR)	233.65%	21.04%

Financial Strength

Current Ratio (MRQ)

Manhattan Associates (MANH) at 1.07 keeps current ratio within its industry’s typical mid-range, while Salesforce (CRM) at 0.84 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CRM.

CRM

Software & Services industry group

0.84

Max: 5.11
Q3: 2.77
Median: 1.67
Q1: 1.01
CRM: 0.84
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

Salesforce (CRM) vs. Manhattan Associates (MANH): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both Salesforce (CRM) at 1.10 and Manhattan Associates (MANH) at 0.26 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CRM

Software & Services industry group

1.10

Max: 2.52
Q3: 1.13
CRM: 1.10
Median: 0.40
Q1: 0.07
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

Salesforce (CRM) 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 Salesforce (CRM) and Manhattan Associates (MANH)
Metric	CRM	MANH
Current Ratio (MRQ)	0.84	1.07
Debt / Equity (MRQ)	1.10	0.26
Net Debt / EBITDA	2.40	-0.50

Dividends

Dividend Yield (TTM)

Manhattan Associates (MANH) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Salesforce (CRM) reports a yield of 0.77%, ranking against industry peers normally.

CRM

Software & Services industry group

0.77%

CRM: 0.77%
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%

Salesforce (CRM) vs. Manhattan Associates (MANH): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Manhattan Associates (MANH) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Salesforce (CRM) reports a payout of 15.66%, ranking against industry peers normally.

CRM

Software & Services industry group

15.66%

CRM: 15.66%
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%

Salesforce (CRM) vs. Manhattan Associates (MANH): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Salesforce (CRM) and Manhattan Associates (MANH)
Metric	CRM	MANH
Dividend Yield (TTM)	0.77%	0.00%
Dividend Payout Ratio (TTM)	15.66%	0.00%

Valuation

P/E Ratio (TTM)

Salesforce (CRM) at 19.55 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.

CRM

Software & Services industry group

19.55

Max: 112.94
Q3: 60.32
Median: 32.91
CRM: 19.55
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

Salesforce (CRM) vs. Manhattan Associates (MANH): A comparison of their P/E ratio against the Software & Services industry group benchmark.

P/S Ratio (TTM)

Salesforce (CRM) at 4.00 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.

CRM

Software & Services industry group

4.00

Max: 17.91
Q3: 8.78
Median: 4.25
CRM: 4.00
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

Salesforce (CRM) vs. Manhattan Associates (MANH): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

Salesforce (CRM) at 4.58 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.

CRM

Software & Services industry group

4.58

Max: 16.63
Q3: 8.50
CRM: 4.58
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

Salesforce (CRM) vs. Manhattan Associates (MANH): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Salesforce (CRM) and Manhattan Associates (MANH)
Metric	CRM	MANH
P/E Ratio (TTM)	19.55	70.81
P/S Ratio (TTM)	4.00	12.69
P/B Ratio (MRQ)	4.58	73.12
Free Cash Flow Yield (TTM)	10.08%	2.21%