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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% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 19,827.50 | 18,914.50 | 17,853.90 | 17,957.10 |
| Operating 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 |
| Selling General And Administration | - | 2,940.70 | 3,047.10 | 2,780.80 | 2,758.80 |
| Total Expenses | - | 19,195.80 | 18,603.60 | 17,547.90 | 17,718.30 |
| Operating Income | - | 631.70 | 310.90 | 306 | 238.80 |
| Total Operating Income As Reported | - | 581.70 | 255.80 | 306 | 150.10 |
| EBITDA | - | 688.60 | 374.20 | 433.40 | 274.80 |
| Normalized EBITDA | - | 750.50 | 451.10 | 439.60 | 370 |
| EBIT | - | 604 | 285.60 | 346.80 | 188.80 |
| Interest Income | - | 17.90 | 34.20 | 33.30 | 27.80 |
| Interest Expense | - | 46.90 | 79.70 | 90 | 95.40 |
| Net Interest Income | - | -29 | -45.50 | -56.70 | -67.60 |
| Other Non Operating Income Expenses | - | 16.30 | 17.40 | 13.70 | 17.40 |
| Other Income Expense | - | -45.60 | -59.50 | 7.50 | -77.80 |
| Interest Income Non Operating | - | 17.90 | 34.20 | 33.30 | 27.80 |
| Interest Expense Non Operating | - | 46.90 | 79.70 | 90 | 95.40 |
| Net Non Operating Interest Income Expense | - | -29 | -45.50 | -56.70 | -67.60 |
| Pretax Income | - | 557.10 | 205.90 | 256.80 | 93.40 |
| Tax Provision | - | 183.30 | 117.10 | 111.70 | 106.70 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -20.37 | -16.15 | -1.30 | -19.99 |
| Net Income Continuous Operations | - | 373.80 | 88.80 | 145.10 | -13.30 |
| Net Income From Continuing And Discontinued Operation | - | 373.80 | 88.80 | 145.10 | -13.30 |
| Net Income From Continuing Operation Net Minority Interest | - | 373.80 | 88.80 | 145.10 | -13.30 |
| Net Income | - | 373.80 | 88.80 | 145.10 | -13.30 |
| Net Income Common Stockholders | - | 373.80 | 88.80 | 145.10 | -13.30 |
| Net Income Including Noncontrolling Interests | - | 373.80 | 88.80 | 145.10 | -13.30 |
| Normalized Income | - | 415.33 | 149.55 | 150 | 61.91 |
| Diluted NI Availto Com Stockholders | - | 373.80 | 88.80 | 145.10 | -13.30 |
| Basic Average Shares | - | 52.20 | 49.80 | 47.80 | 46.60 |
| Diluted Average Shares | - | 52.80 | 50.40 | 48.30 | 46.60 |
| Reconciled Depreciation | - | 84.60 | 88.60 | 86.60 | 86 |
| Reconciled Cost Of Revenue | - | 16,255.10 | 15,556.50 | 14,767.10 | 14,959.50 |
| Total Unusual Items | - | -61.90 | -76.90 | -6.20 | -95.20 |
| Total Unusual Items Excluding Goodwill | - | -61.90 | -76.90 | -6.20 | -95.20 |
| Special Income Charges | - | -50 | -55.10 | 0 | -88.70 |
| Impairment Of Capital Assets | - | 50 | 55.10 | 0 | 88.70 |
| Gain On Sale Of Security | - | -11.90 | -21.80 | -6.20 | -6.50 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| ManpowerGroup Inc.this co. | MAN | $1.5B | - | 0.72 | -0.6% | 9.85 |
| Willdan Group, Inc. | WLDN | $1.5B | 28.15 | 4.85 | 17.2% | 23.01 |
| BlackSky Technology Inc. | BKSY | $1.5B | -20.95 | 15.51 | -74.1% | -67.62 |
| Ryerson Holding Corporation | RYZ | $1.5B | -26.03 | 1.95 | -7.5% | 47.61 |
| SFL Corporation Ltd. | SFL | $1.5B | -55.15 |
| - |
| - |
| - |
| - |
| - |
| 1.52 |
| -2.8% |
| 10.04 |
| TETRA Technologies, Inc. | TTI | $1.5B | 483.12 | 5.12 | 1.1% | 19.83 |
| The Greenbrier Companies, Inc. | GBX | $1.4B | 7.10 | 0.95 | 13.3% | 6.14 |
| Marten Transport, Ltd. | MRTN | $1.4B | 83.09 | 1.89 | 2.3% | 12.10 |
| Tennant Company | TNC | $1.4B | 32.96 | 2.40 | 7.3% | 13.28 |
| Peer Median | - | 17.62 | 2.17 | 1.7% | 12.69 | |