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Side-by-side financial comparison of GREENLIGHT CAPITAL RE, LTD. (GLRE) 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 $210.3M, roughly 1.3× GREENLIGHT CAPITAL RE, LTD.). GREENLIGHT CAPITAL RE, LTD. runs the higher net margin — 23.4% vs 17.5%, a 6.0% gap on every dollar of revenue. On growth, GREENLIGHT CAPITAL RE, LTD. posted the faster year-over-year revenue change (48.3% vs 6.0%). Over the past eight quarters, GREENLIGHT CAPITAL RE, LTD.'s revenue compounded faster (4.8% CAGR vs 3.1%).

Greenlight Capital is an American hedge fund founded in 1996 by David Einhorn. Greenlight invests primarily in publicly traded North American corporate debt offerings and equities. Greenlight is most notable for its short selling of Lehman stock prior to Lehman Brothers' collapse in 2008 and the $11 million fine they received in January 2012 for insider trading in the UK. Einhorn remains the fund's manager.

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.

GLRE vs MANH — Head-to-Head

Bigger by revenue
MANH
MANH
1.3× larger
MANH
$282.2M
$210.3M
GLRE
Growing faster (revenue YoY)
GLRE
GLRE
+42.3% gap
GLRE
48.3%
6.0%
MANH
Higher net margin
GLRE
GLRE
6.0% more per $
GLRE
23.4%
17.5%
MANH
Faster 2-yr revenue CAGR
GLRE
GLRE
Annualised
GLRE
4.8%
3.1%
MANH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GLRE
GLRE
MANH
MANH
Revenue
$210.3M
$282.2M
Net Profit
$49.3M
$49.3M
Gross Margin
Operating Margin
23.0%
Net Margin
23.4%
17.5%
Revenue YoY
48.3%
6.0%
Net Profit YoY
279.7%
-6.3%
EPS (diluted)
$1.43
$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
GLRE
GLRE
MANH
MANH
Q1 26
$282.2M
Q4 25
$210.3M
$270.4M
Q3 25
$146.1M
$275.8M
Q2 25
$160.1M
$272.4M
Q1 25
$213.3M
$262.8M
Q4 24
$141.8M
$255.8M
Q3 24
$188.0M
$266.7M
Q2 24
$174.9M
$265.3M
Net Profit
GLRE
GLRE
MANH
MANH
Q1 26
$49.3M
Q4 25
$49.3M
$52.0M
Q3 25
$-4.4M
$58.6M
Q2 25
$329.0K
$56.8M
Q1 25
$29.6M
$52.6M
Q4 24
$-27.4M
$48.0M
Q3 24
$35.2M
$63.8M
Q2 24
$8.0M
$52.8M
Gross Margin
GLRE
GLRE
MANH
MANH
Q1 26
Q4 25
55.0%
Q3 25
56.6%
Q2 25
57.3%
Q1 25
56.4%
Q4 24
55.8%
Q3 24
55.5%
Q2 24
54.8%
Operating Margin
GLRE
GLRE
MANH
MANH
Q1 26
23.0%
Q4 25
24.8%
Q3 25
27.5%
Q2 25
27.1%
Q1 25
24.0%
Q4 24
23.7%
Q3 24
28.2%
Q2 24
25.7%
Net Margin
GLRE
GLRE
MANH
MANH
Q1 26
17.5%
Q4 25
23.4%
19.2%
Q3 25
-3.0%
21.3%
Q2 25
0.2%
20.8%
Q1 25
13.9%
20.0%
Q4 24
-19.3%
18.8%
Q3 24
18.7%
23.9%
Q2 24
4.6%
19.9%
EPS (diluted)
GLRE
GLRE
MANH
MANH
Q1 26
$0.82
Q4 25
$1.43
$0.86
Q3 25
$-0.13
$0.96
Q2 25
$0.01
$0.93
Q1 25
$0.86
$0.85
Q4 24
$-0.78
$0.77
Q3 24
$1.01
$1.03
Q2 24
$0.23
$0.85

Balance Sheet & Financial Strength

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

Metric
GLRE
GLRE
MANH
MANH
Cash + ST InvestmentsLiquidity on hand
$111.8M
$226.1M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$708.0M
$205.2M
Total Assets
$2.2B
$740.5M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLRE
GLRE
MANH
MANH
Q1 26
$226.1M
Q4 25
$111.8M
$328.7M
Q3 25
$68.8M
$263.6M
Q2 25
$82.4M
$230.6M
Q1 25
$47.5M
$205.9M
Q4 24
$64.7M
$266.2M
Q3 24
$54.6M
$215.0M
Q2 24
$52.2M
$202.7M
Total Debt
GLRE
GLRE
MANH
MANH
Q1 26
Q4 25
$4.7M
Q3 25
$34.7M
Q2 25
$58.9M
Q1 25
$59.8M
Q4 24
$60.7M
Q3 24
$62.6M
Q2 24
$61.6M
Stockholders' Equity
GLRE
GLRE
MANH
MANH
Q1 26
$205.2M
Q4 25
$708.0M
$314.8M
Q3 25
$658.9M
$309.2M
Q2 25
$663.3M
$278.8M
Q1 25
$666.8M
$245.1M
Q4 24
$635.9M
$299.1M
Q3 24
$663.4M
$278.0M
Q2 24
$634.0M
$240.6M
Total Assets
GLRE
GLRE
MANH
MANH
Q1 26
$740.5M
Q4 25
$2.2B
$839.4M
Q3 25
$2.1B
$768.8M
Q2 25
$2.2B
$744.7M
Q1 25
$2.2B
$708.2M
Q4 24
$2.0B
$757.6M
Q3 24
$2.0B
$698.1M
Q2 24
$1.9B
$665.3M
Debt / Equity
GLRE
GLRE
MANH
MANH
Q1 26
Q4 25
0.01×
Q3 25
0.05×
Q2 25
0.09×
Q1 25
0.09×
Q4 24
0.10×
Q3 24
0.09×
Q2 24
0.10×

Cash Flow & Capital Efficiency

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

Metric
GLRE
GLRE
MANH
MANH
Operating Cash FlowLast quarter
$100.2M
$84.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
2.03×
1.70×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLRE
GLRE
MANH
MANH
Q1 26
$84.0M
Q4 25
$100.2M
$147.1M
Q3 25
$31.2M
$93.1M
Q2 25
$68.4M
$74.0M
Q1 25
$10.4M
$75.3M
Q4 24
$29.5M
$104.7M
Q3 24
$41.3M
$62.3M
Q2 24
$22.7M
$73.3M
Free Cash Flow
GLRE
GLRE
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
GLRE
GLRE
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
GLRE
GLRE
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
GLRE
GLRE
MANH
MANH
Q1 26
1.70×
Q4 25
2.03×
2.83×
Q3 25
1.59×
Q2 25
208.02×
1.30×
Q1 25
0.35×
1.43×
Q4 24
2.18×
Q3 24
1.17×
0.98×
Q2 24
2.85×
1.39×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLRE
GLRE

Other$124.7M59%
Innovations$85.6M41%

MANH
MANH

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

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