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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and ManpowerGroup Inc. (MAN). Click either name above to swap in a different company.
Athene Holding Ltd. is the larger business by last-quarter revenue ($8.1B vs $4.7B, roughly 1.7× ManpowerGroup Inc.). Athene Holding Ltd. runs the higher net margin — 6.4% vs 0.6%, a 5.8% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 7.1%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 3.5%).
Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.
ManpowerGroup is an American multinational corporation headquartered in Milwaukee, Wisconsin. Founded in 1948 by Elmer Winter and Aaron Scheinfeld, ManpowerGroup is the third-largest staffing firm in the world behind Swiss firm Adecco and Dutch firm Randstad NV. The company provides administrative & support services, professional services, and business services through its four primary brands: Manpower, Experis, Right Management, and ManpowerGroup Solutions.
ATHS vs MAN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.1B | $4.7B |
| Net Profit | $523.0M | $30.2M |
| Gross Margin | — | 16.3% |
| Operating Margin | 16.9% | 1.7% |
| Net Margin | 6.4% | 0.6% |
| Revenue YoY | 115.1% | 7.1% |
| Net Profit YoY | -48.5% | 34.2% |
| EPS (diluted) | — | $0.65 |
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.
| Q4 25 | $8.1B | $4.7B | ||
| Q3 25 | $8.0B | $4.6B | ||
| Q2 25 | $5.4B | $4.5B | ||
| Q1 25 | $4.2B | $4.1B | ||
| Q4 24 | $3.8B | $4.4B | ||
| Q3 24 | $6.5B | $4.5B | ||
| Q2 24 | $4.7B | $4.5B | ||
| Q1 24 | $5.7B | $4.4B |
| Q4 25 | $523.0M | $30.2M | ||
| Q3 25 | $1.3B | $18.0M | ||
| Q2 25 | $464.0M | $-67.1M | ||
| Q1 25 | $465.0M | $5.6M | ||
| Q4 24 | $1.0B | $22.5M | ||
| Q3 24 | $625.0M | $22.8M | ||
| Q2 24 | $629.0M | $60.1M | ||
| Q1 24 | $1.2B | $39.7M |
| Q4 25 | — | 16.3% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 17.3% |
| Q4 25 | 16.9% | 1.7% | ||
| Q3 25 | 26.8% | 1.4% | ||
| Q2 25 | 12.2% | -0.6% | ||
| Q1 25 | 22.3% | 0.7% | ||
| Q4 24 | 30.4% | 1.6% | ||
| Q3 24 | 25.7% | 1.6% | ||
| Q2 24 | 22.0% | 2.2% | ||
| Q1 24 | 31.1% | 1.5% |
| Q4 25 | 6.4% | 0.6% | ||
| Q3 25 | 15.7% | 0.4% | ||
| Q2 25 | 8.7% | -1.5% | ||
| Q1 25 | 11.1% | 0.1% | ||
| Q4 24 | 26.8% | 0.5% | ||
| Q3 24 | 9.6% | 0.5% | ||
| Q2 24 | 13.5% | 1.3% | ||
| Q1 24 | 20.8% | 0.9% |
| Q4 25 | — | $0.65 | ||
| Q3 25 | — | $0.38 | ||
| Q2 25 | — | $-1.44 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | — | $0.49 | ||
| Q3 24 | — | $0.47 | ||
| Q2 24 | — | $1.24 | ||
| Q1 24 | — | $0.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $871.0M |
| Total DebtLower is stronger | $7.8B | $1.1B |
| Stockholders' EquityBook value | $20.5B | $2.1B |
| Total Assets | $442.2B | $9.2B |
| Debt / EquityLower = less leverage | 0.38× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $871.0M | ||
| Q3 25 | — | $274.6M | ||
| Q2 25 | — | $289.8M | ||
| Q1 25 | — | $395.0M | ||
| Q4 24 | — | $509.4M | ||
| Q3 24 | — | $410.9M | ||
| Q2 24 | — | $468.9M | ||
| Q1 24 | $15.3B | $604.8M |
| Q4 25 | $7.8B | $1.1B | ||
| Q3 25 | $7.9B | $468.3M | ||
| Q2 25 | $7.9B | $470.3M | ||
| Q1 25 | $6.3B | $971.4M | ||
| Q4 24 | $6.3B | $929.4M | ||
| Q3 24 | $5.7B | $999.7M | ||
| Q2 24 | $5.7B | $961.7M | ||
| Q1 24 | $5.7B | $968.9M |
| Q4 25 | $20.5B | $2.1B | ||
| Q3 25 | $20.4B | $2.0B | ||
| Q2 25 | $18.1B | $2.0B | ||
| Q1 25 | $17.5B | $2.1B | ||
| Q4 24 | $16.4B | $2.1B | ||
| Q3 24 | $17.4B | $2.2B | ||
| Q2 24 | $15.0B | $2.1B | ||
| Q1 24 | $14.8B | $2.2B |
| Q4 25 | $442.2B | $9.2B | ||
| Q3 25 | $429.9B | $8.4B | ||
| Q2 25 | $405.3B | $8.5B | ||
| Q1 25 | $381.5B | $8.0B | ||
| Q4 24 | $363.3B | $8.2B | ||
| Q3 24 | $355.0B | $8.5B | ||
| Q2 24 | $332.6B | $8.5B | ||
| Q1 24 | $320.6B | $8.5B |
| Q4 25 | 0.38× | 0.51× | ||
| Q3 25 | 0.38× | 0.23× | ||
| Q2 25 | 0.43× | 0.24× | ||
| Q1 25 | 0.36× | 0.46× | ||
| Q4 24 | 0.39× | 0.44× | ||
| Q3 24 | 0.33× | 0.46× | ||
| Q2 24 | 0.38× | 0.45× | ||
| Q1 24 | 0.39× | 0.45× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $178.9M |
| Free Cash FlowOCF − Capex | — | $168.0M |
| FCF MarginFCF / Revenue | — | 3.6% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | 5.82× | 5.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-161.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $178.9M | ||
| Q3 25 | $636.0M | $59.8M | ||
| Q2 25 | $1.1B | $-189.6M | ||
| Q1 25 | $426.0M | $-153.2M | ||
| Q4 24 | $386.0M | $247.6M | ||
| Q3 24 | $780.0M | $83.5M | ||
| Q2 24 | $525.0M | $-137.9M | ||
| Q1 24 | $185.0M | $116.0M |
| Q4 25 | — | $168.0M | ||
| Q3 25 | — | $44.7M | ||
| Q2 25 | — | $-207.2M | ||
| Q1 25 | — | $-166.9M | ||
| Q4 24 | — | $236.3M | ||
| Q3 24 | — | $67.4M | ||
| Q2 24 | — | $-149.8M | ||
| Q1 24 | — | $104.2M |
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | -4.1% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | -3.3% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 5.82× | 5.92× | ||
| Q3 25 | 0.51× | 3.32× | ||
| Q2 25 | 2.28× | — | ||
| Q1 25 | 0.92× | -27.36× | ||
| Q4 24 | 0.38× | 11.00× | ||
| Q3 24 | 1.25× | 3.66× | ||
| Q2 24 | 0.83× | -2.29× | ||
| Q1 24 | 0.16× | 2.92× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATHS
Segment breakdown not available.
MAN
| Other | $2.4B | 52% |
| Transferred Over Time | $1.1B | 24% |
| Staffingand Interim | $1.0B | 22% |
| Productsand Services Other | $50.8M | 1% |
| Permanent Recruitment | $37.5M | 1% |
| Outcome Based Solutionsand Consulting | $20.7M | 0% |
| Transferred At Point In Time | $20.4M | 0% |
