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Side-by-side financial comparison of Digital Turbine, Inc. (APPS) and MANHATTAN ASSOCIATES INC (MANH). Click either name above to swap in a different company.

MANHATTAN ASSOCIATES INC is the larger business by last-quarter revenue ($282.2M vs $151.4M, roughly 1.9× Digital Turbine, Inc.). MANHATTAN ASSOCIATES INC runs the higher net margin — 17.5% vs 3.4%, a 14.1% gap on every dollar of revenue. On growth, Digital Turbine, Inc. posted the faster year-over-year revenue change (12.4% vs 6.0%). Over the past eight quarters, Digital Turbine, Inc.'s revenue compounded faster (16.2% CAGR vs 3.1%).

Digital Turbine, Inc. is a global ad technology company that provides end-to-end mobile app monetization, user acquisition, and targeted advertising solutions. It partners with mobile network operators, original equipment manufacturers, and app developers to deliver seamless, contextually relevant app experiences and ad engagements to end users across North America, Europe, and Asia-Pacific, serving core segments of telecom, mobile tech and consumer app industries.

Computer Associates International, Inc., later CA, Inc., and CA Technologies, Inc., was an American multinational enterprise software developer and publisher that existed from 1976 to 2018. CA grew to rank as one of the largest independent software corporations in the world, and at one point was the second largest. The company created systems software that ran in IBM mainframe, distributed computing, virtual machine, and cloud computing environments.

APPS vs MANH — Head-to-Head

Bigger by revenue
MANH
MANH
1.9× larger
MANH
$282.2M
$151.4M
APPS
Growing faster (revenue YoY)
APPS
APPS
+6.4% gap
APPS
12.4%
6.0%
MANH
Higher net margin
MANH
MANH
14.1% more per $
MANH
17.5%
3.4%
APPS
Faster 2-yr revenue CAGR
APPS
APPS
Annualised
APPS
16.2%
3.1%
MANH

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
APPS
APPS
MANH
MANH
Revenue
$151.4M
$282.2M
Net Profit
$5.1M
$49.3M
Gross Margin
57.4%
Operating Margin
14.3%
23.0%
Net Margin
3.4%
17.5%
Revenue YoY
12.4%
6.0%
Net Profit YoY
122.1%
-6.3%
EPS (diluted)
$0.03
$0.82

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APPS
APPS
MANH
MANH
Q1 26
$282.2M
Q4 25
$151.4M
$270.4M
Q3 25
$140.4M
$275.8M
Q2 25
$130.9M
$272.4M
Q1 25
$119.2M
$262.8M
Q4 24
$134.6M
$255.8M
Q3 24
$118.7M
$266.7M
Q2 24
$118.0M
$265.3M
Net Profit
APPS
APPS
MANH
MANH
Q1 26
$49.3M
Q4 25
$5.1M
$52.0M
Q3 25
$-21.4M
$58.6M
Q2 25
$-14.1M
$56.8M
Q1 25
$-18.8M
$52.6M
Q4 24
$-23.1M
$48.0M
Q3 24
$-25.0M
$63.8M
Q2 24
$-25.2M
$52.8M
Gross Margin
APPS
APPS
MANH
MANH
Q1 26
Q4 25
57.4%
55.0%
Q3 25
55.1%
56.6%
Q2 25
55.6%
57.3%
Q1 25
55.4%
56.4%
Q4 24
48.0%
55.8%
Q3 24
52.6%
55.5%
Q2 24
52.7%
54.8%
Operating Margin
APPS
APPS
MANH
MANH
Q1 26
23.0%
Q4 25
14.3%
24.8%
Q3 25
4.7%
27.5%
Q2 25
-3.6%
27.1%
Q1 25
-9.8%
24.0%
Q4 24
-9.5%
23.7%
Q3 24
-11.4%
28.2%
Q2 24
-13.6%
25.7%
Net Margin
APPS
APPS
MANH
MANH
Q1 26
17.5%
Q4 25
3.4%
19.2%
Q3 25
-15.2%
21.3%
Q2 25
-10.8%
20.8%
Q1 25
-15.8%
20.0%
Q4 24
-17.2%
18.8%
Q3 24
-21.0%
23.9%
Q2 24
-21.3%
19.9%
EPS (diluted)
APPS
APPS
MANH
MANH
Q1 26
$0.82
Q4 25
$0.03
$0.86
Q3 25
$-0.20
$0.96
Q2 25
$-0.13
$0.93
Q1 25
$-0.18
$0.85
Q4 24
$-0.22
$0.77
Q3 24
$-0.24
$1.03
Q2 24
$-0.25
$0.85

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APPS
APPS
MANH
MANH
Cash + ST InvestmentsLiquidity on hand
$40.2M
$226.1M
Total DebtLower is stronger
$355.0M
Stockholders' EquityBook value
$194.6M
$205.2M
Total Assets
$858.2M
$740.5M
Debt / EquityLower = less leverage
1.82×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APPS
APPS
MANH
MANH
Q1 26
$226.1M
Q4 25
$40.2M
$328.7M
Q3 25
$38.8M
$263.6M
Q2 25
$33.4M
$230.6M
Q1 25
$39.4M
$205.9M
Q4 24
$34.6M
$266.2M
Q3 24
$32.1M
$215.0M
Q2 24
$35.0M
$202.7M
Total Debt
APPS
APPS
MANH
MANH
Q1 26
Q4 25
$355.0M
Q3 25
$396.4M
Q2 25
$400.5M
Q1 25
$408.7M
Q4 24
$408.2M
Q3 24
$407.6M
Q2 24
$393.8M
Stockholders' Equity
APPS
APPS
MANH
MANH
Q1 26
$205.2M
Q4 25
$194.6M
$314.8M
Q3 25
$148.1M
$309.2M
Q2 25
$152.3M
$278.8M
Q1 25
$154.0M
$245.1M
Q4 24
$163.6M
$299.1M
Q3 24
$182.4M
$278.0M
Q2 24
$196.0M
$240.6M
Total Assets
APPS
APPS
MANH
MANH
Q1 26
$740.5M
Q4 25
$858.2M
$839.4M
Q3 25
$818.7M
$768.8M
Q2 25
$818.4M
$744.7M
Q1 25
$812.9M
$708.2M
Q4 24
$839.7M
$757.6M
Q3 24
$844.5M
$698.1M
Q2 24
$860.2M
$665.3M
Debt / Equity
APPS
APPS
MANH
MANH
Q1 26
Q4 25
1.82×
Q3 25
2.68×
Q2 25
2.63×
Q1 25
2.65×
Q4 24
2.50×
Q3 24
2.24×
Q2 24
2.01×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APPS
APPS
MANH
MANH
Operating Cash FlowLast quarter
$14.2M
$84.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
2.78×
1.70×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APPS
APPS
MANH
MANH
Q1 26
$84.0M
Q4 25
$14.2M
$147.1M
Q3 25
$14.5M
$93.1M
Q2 25
$8.8M
$74.0M
Q1 25
$11.9M
$75.3M
Q4 24
$10.4M
$104.7M
Q3 24
$-8.7M
$62.3M
Q2 24
$-1.4M
$73.3M
Free Cash Flow
APPS
APPS
MANH
MANH
Q1 26
Q4 25
$142.4M
Q3 25
$87.2M
Q2 25
$70.1M
Q1 25
$74.4M
Q4 24
$101.6M
Q3 24
$61.3M
Q2 24
$71.0M
FCF Margin
APPS
APPS
MANH
MANH
Q1 26
Q4 25
52.7%
Q3 25
31.6%
Q2 25
25.7%
Q1 25
28.3%
Q4 24
39.7%
Q3 24
23.0%
Q2 24
26.8%
Capex Intensity
APPS
APPS
MANH
MANH
Q1 26
0.3%
Q4 25
1.7%
Q3 25
2.1%
Q2 25
1.5%
Q1 25
0.3%
Q4 24
1.2%
Q3 24
0.4%
Q2 24
0.8%
Cash Conversion
APPS
APPS
MANH
MANH
Q1 26
1.70×
Q4 25
2.78×
2.83×
Q3 25
1.59×
Q2 25
1.30×
Q1 25
1.43×
Q4 24
2.18×
Q3 24
0.98×
Q2 24
1.39×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APPS
APPS

On Device Solutions$99.6M66%
App Growth Platform$52.6M35%

MANH
MANH

Services$125.7M45%
Cloud subscriptions$117.1M42%
Maintenance$30.6M11%
Hardware$6.5M2%
Software license$2.2M1%

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