MANH vs. NOW: Manhattan Associates vs. ServiceNow Stock Comparison

November 11, 2026

How do Manhattan Associates (MANH) and ServiceNow (NOW) 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

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

Company profile comparison for Manhattan Associates (MANH) and ServiceNow (NOW)
Profile Item	MANH	NOW
Name	Manhattan Associates Inc.	ServiceNow 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	Systems Software
Market Capitalization	14.68 billion USD	105.84 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	April 23, 1998	June 29, 2012
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MANH

NOW

GSPC

Manhattan Associates (MANH) vs. ServiceNow (NOW), 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 Manhattan Associates (MANH) and ServiceNow (NOW). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Manhattan Associates (MANH) and ServiceNow (NOW)
Metric	MANH	NOW
Total Return (1Y)	42.28%	-39.72%
Total Return (3Y, Annualized)	6.91%	-5.71%
Total Return (5Y, Annualized)	7.39%	-5.55%

Risk Profile

Drawdown History

MANH

NOW

GSPC

Manhattan Associates (MANH) vs. ServiceNow (NOW), 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 Manhattan Associates (MANH) and ServiceNow (NOW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

ServiceNow (NOW) is heavily traded at around 15.74M 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 Manhattan Associates (MANH) and ServiceNow (NOW)
Metric	MANH	NOW
Volatility (1Y, Annualized)	46.95%	64.49%
Beta (5Y)	0.82	0.98
Max Drawdown (5Y)	-60.98%	-64.54%
Avg. Volume (3M)	751.46K	15.74M

Risk-Adjusted Performance

Risk-Return Positioning

MANH and NOW 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 Manhattan Associates (MANH) and ServiceNow (NOW)
Metric	MANH	NOW
Sharpe Ratio (1Y)	0.81	-0.68
Sortino Ratio (1Y)	1.27	-0.89

Profitability

ROE (TTM)

Manhattan Associates (MANH) at 83.51% clears its industry range for ROE, a sharper capital-efficiency signal than ServiceNow (NOW) at 11.85%, which is closer to a typical peer reading.

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%

NOW

Software & Services industry group

11.85%

Max: 53.85%
Q3: 17.90%
NOW: 11.85%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

Manhattan Associates (MANH) vs. ServiceNow (NOW): 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 ServiceNow (NOW) at 9.36%, which keeps about the industry-typical share.

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%

NOW

Software & Services industry group

9.36%

Max: 41.17%
Q3: 15.28%
NOW: 9.36%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

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

Operating Margin (TTM)

Manhattan Associates (MANH) at 26.45% operates in the top operating margin quartile, ahead of ServiceNow (NOW) at 17.39%, which runs around its industry’s norm.

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%

NOW

Software & Services industry group

17.39%

Max: 46.89%
Q3: 17.64%
NOW: 17.39%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

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

Profitability Metrics

Profitability metrics for Manhattan Associates (MANH) and ServiceNow (NOW)
Metric	MANH	NOW
ROE (TTM)	83.51%	11.85%
ROA (TTM)	23.64%	4.59%
Net Margin (TTM)	18.41%	9.36%
Operating Margin (TTM)	26.45%	17.39%
Gross Margin (TTM)	55.93%	73.08%

Growth

Revenue Growth

ServiceNow (NOW) at 20.88% 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.

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

EPS Growth

Both Manhattan Associates (MANH) at 2.56% and ServiceNow (NOW) at 22.08% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Manhattan Associates (MANH) and ServiceNow (NOW)
Metric	MANH	NOW
Revenue Growth (YoY)	3.75%	20.88%
Revenue Growth (3Y CAGR)	12.13%	22.38%
EPS Growth (YoY)	2.56%	22.08%
EPS Growth (3Y CAGR)	21.04%	73.46%

Financial Strength

Current Ratio (MRQ)

Manhattan Associates (MANH) at 1.07 keeps current ratio within its industry’s typical mid-range, while ServiceNow (NOW) at 0.72 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NOW.

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

NOW

Software & Services industry group

0.72

Max: 5.11
Q3: 2.77
Median: 1.67
Q1: 1.01
NOW: 0.72
Min: 0.03

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

Debt / Equity (MRQ)

Both Manhattan Associates (MANH) at 0.26 and ServiceNow (NOW) at 0.64 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

NOW

Software & Services industry group

0.64

Max: 2.52
Q3: 1.13
NOW: 0.64
Median: 0.40
Q1: 0.07
Min: 0.00

Manhattan Associates (MANH) vs. ServiceNow (NOW): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Manhattan Associates (MANH) and ServiceNow (NOW)
Metric	MANH	NOW
Current Ratio (MRQ)	1.07	0.72
Debt / Equity (MRQ)	0.26	0.64
Net Debt / EBITDA	-0.50	1.18

Dividends

Dividend Yield (TTM)

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

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%

NOW

Software & Services industry group

0.00%

NOW: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

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

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%

NOW

Software & Services industry group

0.00%

NOW: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

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

Valuation

P/E Ratio (TTM)

Both Manhattan Associates (MANH) at 70.81 and ServiceNow (NOW) at 73.36 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

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

NOW

Software & Services industry group

73.36

Max: 112.94
NOW: 73.36
Q3: 60.32
Median: 32.91
Q1: 18.77
Min: 6.69

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

P/S Ratio (TTM)

ServiceNow (NOW) at 6.86 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.

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

NOW

Software & Services industry group

6.86

Max: 17.91
Q3: 8.78
NOW: 6.86
Median: 4.25
Q1: 2.23
Min: 0.02

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

P/B Ratio (MRQ)

ServiceNow (NOW) at 8.08 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.

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

NOW

Software & Services industry group

8.08

Max: 16.63
Q3: 8.50
NOW: 8.08
Median: 4.30
Q1: 1.92
Min: -3.90

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

Valuation Metrics

Valuation metrics for Manhattan Associates (MANH) and ServiceNow (NOW)
Metric	MANH	NOW
P/E Ratio (TTM)	70.81	73.36
P/S Ratio (TTM)	12.69	6.86
P/B Ratio (MRQ)	73.12	8.08
Free Cash Flow Yield (TTM)	2.21%	5.44%