FTNT vs. MANH: Fortinet vs. Manhattan Associates Stock Comparison
How do Fortinet (FTNT) 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
Fortinet (FTNT) and Manhattan Associates (MANH) both belong to the Software industry, though FTNT is classified under Systems Software while MANH falls under Application Software.
| Profile Item | FTNT | MANH |
|---|---|---|
| Name | Fortinet, 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 | Systems Software | Application Software |
| Market Capitalization | 87.31 billion USD | 14.68 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | November 18, 2009 | April 23, 1998 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FTNT | MANH |
|---|---|---|
| Total Return (1Y) | 49.91% | 42.28% |
| Total Return (3Y, Annualized) | 35.15% | 6.91% |
| Total Return (5Y, Annualized) | 11.92% | 7.39% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FTNT | MANH |
|---|---|---|
| Volatility (1Y, Annualized) | 49.03% | 46.95% |
| Beta (5Y) | 1.07 | 0.82 |
| Max Drawdown (5Y) | -38.98% | -60.98% |
| Avg. Volume (3M) | 4.68M | 751.46K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FTNT | MANH |
|---|---|---|
| Sharpe Ratio (1Y) | 0.93 | 0.81 |
| Sortino Ratio (1Y) | 1.37 | 1.27 |
Profitability
ROE (TTM)
Both Fortinet (FTNT) at 153.08% and Manhattan Associates (MANH) at 83.51% turn shareholders’ equity into profit at rates above their industry benchmark ranges for ROE. That is a strong capital-efficiency signal, though leverage and the equity base still matter.
FTNT
Software & Services industry group
153.08%
- FTNT
- 153.08%
- Max
- 53.85%
- 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%
Net Margin (TTM)
For every dollar of sales, both Fortinet (FTNT) at 28.96% 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.
FTNT
Software & Services industry group
28.96%
- Max
- 41.17%
- FTNT
- 28.96%
- 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 Fortinet (FTNT) at 33.82% 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.
FTNT
Software & Services industry group
33.82%
- Max
- 46.89%
- FTNT
- 33.82%
- 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 | FTNT | MANH |
|---|---|---|
| ROE (TTM) | 153.08% | 83.51% |
| ROA (TTM) | 15.22% | 23.64% |
| Net Margin (TTM) | 28.96% | 18.41% |
| Operating Margin (TTM) | 33.82% | 26.45% |
| Gross Margin (TTM) | 79.75% | 55.93% |
Growth
Revenue Growth
Fortinet (FTNT) at 14.17% 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.
EPS Growth
Both Fortinet (FTNT) at 7.08% 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.
Growth Metrics
| Metric | FTNT | MANH |
|---|---|---|
| Revenue Growth (YoY) | 14.17% | 3.75% |
| Revenue Growth (3Y CAGR) | 15.46% | 12.13% |
| EPS Growth (YoY) | 7.08% | 2.56% |
| EPS Growth (3Y CAGR) | 31.68% | 21.04% |
Financial Strength
Current Ratio (MRQ)
Both Fortinet (FTNT) at 1.40 and Manhattan Associates (MANH) at 1.07 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
FTNT
Software & Services industry group
1.40
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- FTNT
- 1.40
- 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)
Both Fortinet (FTNT) at 0.25 and Manhattan Associates (MANH) at 0.26 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
FTNT
Software & Services industry group
0.25
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- FTNT
- 0.25
- 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
Financial Strength Metrics
| Metric | FTNT | MANH |
|---|---|---|
| Current Ratio (MRQ) | 1.40 | 1.07 |
| Debt / Equity (MRQ) | 0.25 | 0.26 |
| Net Debt / EBITDA | -1.54 | -0.50 |
Dividends
Dividend Yield (TTM)
Neither Fortinet (FTNT) nor Manhattan Associates (MANH) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
FTNT
Software & Services industry group
0.00%
- FTNT
- 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 Fortinet (FTNT) nor Manhattan Associates (MANH) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
FTNT
Software & Services industry group
0.00%
- FTNT
- 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 | FTNT | MANH |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Fortinet (FTNT) at 38.84 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.
FTNT
Software & Services industry group
38.84
- Max
- 112.94
- Q3
- 60.32
- FTNT
- 38.84
- 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)
Both Fortinet (FTNT) at 11.08 and Manhattan Associates (MANH) at 12.69 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
FTNT
Software & Services industry group
11.08
- Max
- 17.91
- FTNT
- 11.08
- 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
P/B Ratio (MRQ)
Measured against book value, both Fortinet (FTNT) at 38.85 and Manhattan Associates (MANH) at 73.12 look expensive — each P/B ratio sits above its industry’s benchmark range.
FTNT
Software & Services industry group
38.85
- FTNT
- 38.85
- Max
- 16.63
- 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
Valuation Metrics
| Metric | FTNT | MANH |
|---|---|---|
| P/E Ratio (TTM) | 38.84 | 70.81 |
| P/S Ratio (TTM) | 11.08 | 12.69 |
| P/B Ratio (MRQ) | 38.85 | 73.12 |
| Free Cash Flow Yield (TTM) | 2.85% | 2.21% |