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ManpowerGroup Inc. provides workforce solutions and services under the Manpower, the Experis, and the Talent Solutions brands in the Americas, Southern Europe, Northern Europe, and the Asia Pacific/the Middle East. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative, industrial, and information technology professional positions; assessment, upskilling, reskilling, training and development, career management, and workforce consulting services; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives. It also offers contingent staffing and permanent recruitment services; information technology professional resourcing and project services; and recruitment process outsourcing solutions; and right management services, as well as TAPFIN, a managed service provider solution. ManpowerGroup Inc. was incorporated in 1948 and is headquartered in Milwaukee, Wisconsin.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $18.0B | $275M | $-13M | $-161M | -0.6% | 0.6% | -109.2% |
| 2024 | $17.9B | $433M | $145M | $258M | 6.8% | -5.6% | 63.4% |
| 2023 | $18.9B | $374M | $89M | $270M | 4.0% | -4.6% | -76.2% |
| 2022 | $19.8B | $689M | $374M | $348M | 15.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 19,827.50 | 18,914.50 | 17,853.90 | 17,957.10 |
| Cost Of Revenue | 16,255.10 | 15,556.50 | 14,767.10 | 14,959.50 |
| Gross Profit | 3,572.40 | 3,358 | 3,086.80 | 2,997.60 |
| Operating Expense | 2,940.70 | 3,047.10 | 2,780.80 | 2,758.80 |
| Operating Income | 631.70 | 310.90 | 306 | 238.80 |
| EBITDA | 688.60 | 374.20 | 433.40 | 274.80 |
| EBIT | 604 | 285.60 | 346.80 | 188.80 |
| Pretax Income | 557.10 | 205.90 | 256.80 | 93.40 |
| Tax Provision | 183.30 | 117.10 | 111.70 | 106.70 |
| Net Income | 373.80 | 88.80 | 145.10 | -13.30 |
| Net Income Common Stockholders | 373.80 | 88.80 | 145.10 | -13.30 |
| Total Expenses | 19,195.80 | 18,603.60 | 17,547.90 | 17,718.30 |
| Interest Expense | 46.90 | 79.70 | 90 | 95.40 |
| Interest Income | 17.90 | 34.20 | 33.30 | 27.80 |
| Selling General And Administration | 2,940.70 | 3,047.10 | 2,780.80 | 2,758.80 |
| Normalized EBITDA | 750.50 | 451.10 | 439.60 | 370 |
| Normalized Income | 415.33 | 149.55 | 150 | 61.91 |
| Market Cap | 1,370.05 | 1,370.05 | 1,370.05 | 1,370.05 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| ManpowerGroup Inc.this co. | MAN | - | -103.01 | 0.67 | -0.6% | 9.42 |
| The Eastern Company | EML | $134M | 22.70 | 1.08 | 5.7% | 9.14 |
| DMC Global Inc. | BOOM | $129M | - | 0.53 | -4.2% | 9.35 |
| Byrna Technologies Inc. | BYRN | $128M | 15.72 | 1.93 | 14.7% | 9.07 |
| JELD-WEN Holding, Inc. | JELD | $123M | - | 1.33 |
| -673.6% |
| 29.19 |
| Forrester Research, Inc. | FORR | $121M | - | 0.95 | -94.3% | 3.10 |
| Arq, Inc. | ARQ | $96M | - | 0.57 | -31.3% | 34.71 |
| Mobile Infrastructure Corporation | BEEP | $80M | - | 0.55 | -13.5% | 26.61 |
| Southland Holdings, Inc. | SLND | $60M | - | -0.42 | 231.3% | -1.74 |
| Peer Median | - | 19.21 | 0.76 | -8.8% | 9.25 | |