FROG vs. MANH: JFrog vs. Manhattan Associates Stock Comparison

November 11, 2026

How do JFrog (FROG) 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

JFrog (FROG) and Manhattan Associates (MANH) both belong to the Software industry, though FROG is classified under Systems Software while MANH falls under Application Software.

Manhattan Associates (MANH) has more than two decades of public-market history since April 23, 1998, whereas JFrog (FROG) listed on September 16, 2020 and has a much shorter record to draw on.

Company profile comparison for JFrog (FROG) and Manhattan Associates (MANH)
Profile Item	FROG	MANH
Name	JFrog Ltd.	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	Systems Software	Application Software
Market Capitalization	12.45 billion USD	14.68 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	September 16, 2020	April 23, 1998
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FROG

MANH

GSPC

JFrog (FROG) 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 JFrog (FROG) and Manhattan Associates (MANH). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for JFrog (FROG) and Manhattan Associates (MANH)
Metric	FROG	MANH
Total Return (1Y)	77.72%	42.28%
Total Return (3Y, Annualized)	60.36%	6.91%
Total Return (5Y, Annualized)	22.50%	7.39%

Risk Profile

Drawdown History

FROG

MANH

GSPC

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

Risk Metrics

Risk profile metrics for JFrog (FROG) and Manhattan Associates (MANH)
Metric	FROG	MANH
Volatility (1Y, Annualized)	80.78%	46.95%
Beta (5Y)	1.26	0.82
Max Drawdown (5Y)	-56.17%	-60.98%
Avg. Volume (3M)	1.95M	751.46K

Risk-Adjusted Performance

Risk-Return Positioning

FROG 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 JFrog (FROG) and Manhattan Associates (MANH)
Metric	FROG	MANH
Sharpe Ratio (1Y)	0.91	0.81
Sortino Ratio (1Y)	1.48	1.27

Profitability

ROE (TTM)

JFrog (FROG) reports a negative ROE of -2.26%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Manhattan Associates (MANH) reports 83.51%, ranking against industry peers normally.

FROG

Software & Services industry group

-2.26%

Max: 53.85%
Q3: 17.90%
Median: 6.59%
FROG: -2.26%
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%

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

Net Margin (TTM)

JFrog (FROG) reports a negative net margin of -3.28%, usually indicating a net loss over the period. Meanwhile Manhattan Associates (MANH) reports 18.41%, ranking against industry peers normally.

FROG

Software & Services industry group

-3.28%

Max: 41.17%
Q3: 15.28%
Median: 4.63%
FROG: -3.28%
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%

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

Operating Margin (TTM)

JFrog (FROG) reports a negative operating margin of -0.27%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Manhattan Associates (MANH) reports 26.45%, ranking against industry peers normally.

FROG

Software & Services industry group

-0.27%

Max: 46.89%
Q3: 17.64%
Median: 8.73%
FROG: -0.27%
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%

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

Profitability Metrics

Profitability metrics for JFrog (FROG) and Manhattan Associates (MANH)
Metric	FROG	MANH
ROE (TTM)	-2.26%	83.51%
ROA (TTM)	-1.85%	23.64%
Net Margin (TTM)	-3.28%	18.41%
Operating Margin (TTM)	-0.27%	26.45%
Gross Margin (TTM)	78.44%	55.93%

Growth

Revenue Growth

JFrog (FROG) at 24.12% 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.

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

EPS Growth

Only one side can be read here: Manhattan Associates (MANH) reports EPS growth of 2.56%, ranked against its industry; JFrog (FROG) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for JFrog (FROG) and Manhattan Associates (MANH)
Metric	FROG	MANH
Revenue Growth (YoY)	24.12%	3.75%
Revenue Growth (3Y CAGR)	23.84%	12.13%
EPS Growth (YoY)	--	2.56%
EPS Growth (3Y CAGR)	--	21.04%

Financial Strength

Current Ratio (MRQ)

Both JFrog (FROG) at 2.15 and Manhattan Associates (MANH) at 1.07 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FROG

Software & Services industry group

2.15

Max: 5.11
Q3: 2.77
FROG: 2.15
Median: 1.67
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

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

Debt / Equity (MRQ)

Both JFrog (FROG) at 0.11 and Manhattan Associates (MANH) at 0.26 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

FROG

Software & Services industry group

0.11

Max: 2.52
Q3: 1.13
Median: 0.40
FROG: 0.11
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

JFrog (FROG) 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 JFrog (FROG) and Manhattan Associates (MANH)
Metric	FROG	MANH
Current Ratio (MRQ)	2.15	1.07
Debt / Equity (MRQ)	0.11	0.26
Net Debt / EBITDA	--	-0.50

Dividends

Dividend Yield (TTM)

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

FROG

Software & Services industry group

0.00%

FROG: 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%

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

Dividend Payout Ratio (TTM)

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

FROG

Software & Services industry group

0.00%

FROG: 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%

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

Dividend Metrics

Dividend metrics for JFrog (FROG) and Manhattan Associates (MANH)
Metric	FROG	MANH
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Manhattan Associates (MANH) trades at 70.81 times trailing earnings, ranked against its peers, while JFrog (FROG) has no P/E ratio this period.

FROG

Software & Services industry group

Max: 112.94
Q3: 60.32
Median: 32.91
Q1: 18.77
Min: 6.69
FROG: --

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

JFrog (FROG) vs. Manhattan Associates (MANH): FROG does not report P/E ratio, so it has no value marker; MANH is benchmarked against the Software & Services industry group.

P/S Ratio (TTM)

Both look expensive on sales: Manhattan Associates (MANH) at 12.69 sits in the upper P/S ratio quartile, and JFrog (FROG) at 19.39 prices even higher, above its industry range.

FROG

Software & Services industry group

19.39

FROG: 19.39
Max: 17.91
Q3: 8.78
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

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

P/B Ratio (MRQ)

Both look rich against book: JFrog (FROG) at 12.37 sits in the upper P/B ratio quartile, and Manhattan Associates (MANH) at 73.12 prices even higher, above its industry range.

FROG

Software & Services industry group

12.37

Max: 16.63
FROG: 12.37
Q3: 8.50
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

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

Valuation Metrics

Valuation metrics for JFrog (FROG) and Manhattan Associates (MANH)
Metric	FROG	MANH
P/E Ratio (TTM)	--	70.81
P/S Ratio (TTM)	19.39	12.69
P/B Ratio (MRQ)	12.37	73.12
Free Cash Flow Yield (TTM)	1.85%	2.21%