MANH vs. WIT: Manhattan Associates vs. Wipro Stock Comparison

November 11, 2026

How do Manhattan Associates (MANH) and Wipro (WIT) 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 Wipro (WIT) both fall under the Software & Services industry group, but MANH is classified in Software while WIT is classified in IT Services.

Manhattan Associates (MANH) trades as ordinary local shares, while Wipro (WIT) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Manhattan Associates (MANH) and Wipro (WIT)
Profile Item	MANH	WIT
Name	Manhattan Associates Inc.	Wipro Ltd. ADR
Country/Region	United States	India
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Software & Services
GICS Industry	Software	IT Services
GICS Sub-Industry	Application Software	IT Consulting & Other Services
Market Capitalization	14.68 billion USD	21.37 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	April 23, 1998	October 19, 2000
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

MANH

WIT

GSPC

Manhattan Associates (MANH) vs. Wipro (WIT), 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 Wipro (WIT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Manhattan Associates (MANH) and Wipro (WIT)
Metric	MANH	WIT
Total Return (1Y)	42.28%	-16.56%
Total Return (3Y, Annualized)	6.91%	0.08%
Total Return (5Y, Annualized)	7.39%	-12.80%

Risk Profile

Drawdown History

MANH

WIT

GSPC

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

Risk Metrics

Risk profile metrics for Manhattan Associates (MANH) and Wipro (WIT)
Metric	MANH	WIT
Volatility (1Y, Annualized)	46.95%	47.10%
Beta (5Y)	0.82	0.91
Max Drawdown (5Y)	-60.98%	-64.83%
Avg. Volume (3M)	751.46K	9.36M

Risk-Adjusted Performance

Risk-Return Positioning

MANH and WIT 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 Wipro (WIT)
Metric	MANH	WIT
Sharpe Ratio (1Y)	0.81	-0.44
Sortino Ratio (1Y)	1.27	-0.65

Profitability

ROE (TTM)

Manhattan Associates (MANH) at 83.51% clears its industry range for ROE, a sharper capital-efficiency signal than Wipro (WIT) at 15.94%, 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%

WIT

Software & Services industry group

15.94%

Max: 53.85%
Q3: 17.90%
WIT: 15.94%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

Manhattan Associates (MANH) vs. Wipro (WIT): 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 Wipro (WIT) at 13.58%, 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%

WIT

Software & Services industry group

13.58%

Max: 41.17%
Q3: 15.28%
WIT: 13.58%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

Manhattan Associates (MANH) vs. Wipro (WIT): 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 Wipro (WIT) at 16.16%, 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%

WIT

Software & Services industry group

16.16%

Max: 46.89%
Q3: 17.64%
WIT: 16.16%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

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

Profitability Metrics

Profitability metrics for Manhattan Associates (MANH) and Wipro (WIT)
Metric	MANH	WIT
ROE (TTM)	83.51%	15.94%
ROA (TTM)	23.64%	7.26%
Net Margin (TTM)	18.41%	13.58%
Operating Margin (TTM)	26.45%	16.16%
Gross Margin (TTM)	55.93%	28.87%

Growth

Revenue Growth

Both Manhattan Associates (MANH) at 3.75% and Wipro (WIT) at 3.97% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

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

EPS Growth

Both Manhattan Associates (MANH) at 2.56% and Wipro (WIT) at 0.32% 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. Wipro (WIT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Manhattan Associates (MANH) and Wipro (WIT)
Metric	MANH	WIT
Revenue Growth (YoY)	3.75%	3.97%
Revenue Growth (3Y CAGR)	12.13%	0.78%
EPS Growth (YoY)	2.56%	0.32%
EPS Growth (3Y CAGR)	21.04%	6.70%

Financial Strength

Current Ratio (MRQ)

Both Manhattan Associates (MANH) at 1.07 and Wipro (WIT) at 1.70 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

WIT

Software & Services industry group

1.70

Max: 5.11
Q3: 2.77
WIT: 1.70
Median: 1.67
Q1: 1.01
Min: 0.03

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

Debt / Equity (MRQ)

Both Manhattan Associates (MANH) at 0.26 and Wipro (WIT) at 0.28 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

WIT

Software & Services industry group

0.28

Max: 2.52
Q3: 1.13
Median: 0.40
WIT: 0.28
Q1: 0.07
Min: 0.00

Manhattan Associates (MANH) vs. Wipro (WIT): 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 Wipro (WIT)
Metric	MANH	WIT
Current Ratio (MRQ)	1.07	1.70
Debt / Equity (MRQ)	0.26	0.28
Net Debt / EBITDA	-0.50	-1.20

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 Wipro (WIT) reports a yield of 370.37%, ranking against industry peers normally.

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%

WIT

Software & Services industry group

370.37%

WIT: 370.37%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Manhattan Associates (MANH) vs. Wipro (WIT): 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 Wipro (WIT) reports a payout of 60.56%, ranking against industry peers normally.

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%

WIT

Software & Services industry group

60.56%

WIT: 60.56%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Manhattan Associates (MANH) and Wipro (WIT)
Metric	MANH	WIT
Dividend Yield (TTM)	0.00%	370.37%
Dividend Payout Ratio (TTM)	0.00%	60.56%

Valuation

P/E Ratio (TTM)

Wipro (WIT) at 15.43 sits in the cheaper P/E ratio quartile, while Manhattan Associates (MANH) at 70.81 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

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

WIT

Software & Services industry group

15.43

Max: 112.94
Q3: 60.32
Median: 32.91
Q1: 18.77
WIT: 15.43
Min: 6.69

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

P/S Ratio (TTM)

Wipro (WIT) at 0.02 looks cheap on sales in the lower P/S ratio quartile, while Manhattan Associates (MANH) at 12.69 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

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

WIT

Software & Services industry group

0.02

Max: 17.91
Q3: 8.78
Median: 4.25
Q1: 2.23
WIT: 0.02
Min: 0.02

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

P/B Ratio (MRQ)

Wipro (WIT) at 2.54 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

WIT

Software & Services industry group

2.54

Max: 16.63
Q3: 8.50
Median: 4.30
WIT: 2.54
Q1: 1.92
Min: -3.90

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

Valuation Metrics

Valuation metrics for Manhattan Associates (MANH) and Wipro (WIT)
Metric	MANH	WIT
P/E Ratio (TTM)	70.81	15.43
P/S Ratio (TTM)	12.69	0.02
P/B Ratio (MRQ)	73.12	2.54
Free Cash Flow Yield (TTM)	2.21%	490.89%