Manhattan Associates Inc (MANH)

Return on total capital

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 285,894 261,596 209,881 152,700 134,333
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 314,765 299,126 278,278 226,800 250,644
Return on total capital 90.83% 87.45% 75.42% 67.33% 53.60%

December 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $285,894K ÷ ($—K + $314,765K)
= 90.83%