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Side-by-side financial comparison of ManpowerGroup Inc. (MAN) and MARKEL GROUP INC. (MKL). Click either name above to swap in a different company.
ManpowerGroup Inc. is the larger business by last-quarter revenue ($4.7B vs $3.6B, roughly 1.3× MARKEL GROUP INC.). MARKEL GROUP INC. runs the higher net margin — 16.1% vs 0.6%, a 15.5% gap on every dollar of revenue. On growth, ManpowerGroup Inc. posted the faster year-over-year revenue change (7.1% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $168.0M). Over the past eight quarters, ManpowerGroup Inc.'s revenue compounded faster (3.5% CAGR vs -10.5%).
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.
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
MAN vs MKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $3.6B |
| Net Profit | $30.2M | $576.8M |
| Gross Margin | 16.3% | — |
| Operating Margin | 1.7% | 22.2% |
| Net Margin | 0.6% | 16.1% |
| Revenue YoY | 7.1% | -6.9% |
| Net Profit YoY | 34.2% | 5.0% |
| EPS (diluted) | $0.65 | $48.22 |
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 | $4.7B | $3.6B | ||
| Q3 25 | $4.6B | $3.9B | ||
| Q2 25 | $4.5B | $4.6B | ||
| Q1 25 | $4.1B | $3.4B | ||
| Q4 24 | $4.4B | $3.8B | ||
| Q3 24 | $4.5B | $4.6B | ||
| Q2 24 | $4.5B | $3.7B | ||
| Q1 24 | $4.4B | $4.5B |
| Q4 25 | $30.2M | $576.8M | ||
| Q3 25 | $18.0M | $751.3M | ||
| Q2 25 | $-67.1M | $657.1M | ||
| Q1 25 | $5.6M | $121.7M | ||
| Q4 24 | $22.5M | $549.2M | ||
| Q3 24 | $22.8M | $905.0M | ||
| Q2 24 | $60.1M | $267.7M | ||
| Q1 24 | $39.7M | $1.0B |
| 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 | 1.7% | 22.2% | ||
| Q3 25 | 1.4% | 25.7% | ||
| Q2 25 | -0.6% | 24.1% | ||
| Q1 25 | 0.7% | 8.3% | ||
| Q4 24 | 1.6% | 15.5% | ||
| Q3 24 | 1.6% | 29.7% | ||
| Q2 24 | 2.2% | 11.1% | ||
| Q1 24 | 1.5% | 29.9% |
| Q4 25 | 0.6% | 16.1% | ||
| Q3 25 | 0.4% | 19.1% | ||
| Q2 25 | -1.5% | 14.3% | ||
| Q1 25 | 0.1% | 3.6% | ||
| Q4 24 | 0.5% | 14.3% | ||
| Q3 24 | 0.5% | 19.6% | ||
| Q2 24 | 1.3% | 7.2% | ||
| Q1 24 | 0.9% | 23.0% |
| Q4 25 | $0.65 | $48.22 | ||
| Q3 25 | $0.38 | $59.25 | ||
| Q2 25 | $-1.44 | $49.67 | ||
| Q1 25 | $0.12 | $12.08 | ||
| Q4 24 | $0.49 | $39.02 | ||
| Q3 24 | $0.47 | $66.25 | ||
| Q2 24 | $1.24 | $18.62 | ||
| Q1 24 | $0.81 | $75.43 |
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 | $4.0B |
| Total DebtLower is stronger | $1.1B | $4.3B |
| Stockholders' EquityBook value | $2.1B | $18.6B |
| Total Assets | $9.2B | $68.9B |
| Debt / EquityLower = less leverage | 0.51× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $871.0M | $4.0B | ||
| Q3 25 | $274.6M | $4.0B | ||
| Q2 25 | $289.8M | $3.7B | ||
| Q1 25 | $395.0M | $4.2B | ||
| Q4 24 | $509.4M | $3.7B | ||
| Q3 24 | $410.9M | $3.9B | ||
| Q2 24 | $468.9M | $3.5B | ||
| Q1 24 | $604.8M | $3.6B |
| Q4 25 | $1.1B | $4.3B | ||
| Q3 25 | $468.3M | $4.3B | ||
| Q2 25 | $470.3M | $4.4B | ||
| Q1 25 | $971.4M | $4.4B | ||
| Q4 24 | $929.4M | $4.3B | ||
| Q3 24 | $999.7M | $4.4B | ||
| Q2 24 | $961.7M | $4.4B | ||
| Q1 24 | $968.9M | $3.9B |
| Q4 25 | $2.1B | $18.6B | ||
| Q3 25 | $2.0B | $18.0B | ||
| Q2 25 | $2.0B | $17.3B | ||
| Q1 25 | $2.1B | $17.1B | ||
| Q4 24 | $2.1B | $16.9B | ||
| Q3 24 | $2.2B | $17.0B | ||
| Q2 24 | $2.1B | $15.9B | ||
| Q1 24 | $2.2B | $15.7B |
| Q4 25 | $9.2B | $68.9B | ||
| Q3 25 | $8.4B | $67.4B | ||
| Q2 25 | $8.5B | $66.8B | ||
| Q1 25 | $8.0B | $64.6B | ||
| Q4 24 | $8.2B | $61.9B | ||
| Q3 24 | $8.5B | $62.3B | ||
| Q2 24 | $8.5B | $59.7B | ||
| Q1 24 | $8.5B | $57.3B |
| Q4 25 | 0.51× | 0.23× | ||
| Q3 25 | 0.23× | 0.24× | ||
| Q2 25 | 0.24× | 0.25× | ||
| Q1 25 | 0.46× | 0.26× | ||
| Q4 24 | 0.44× | 0.26× | ||
| Q3 24 | 0.46× | 0.26× | ||
| Q2 24 | 0.45× | 0.28× | ||
| Q1 24 | 0.45× | 0.25× |
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 | $178.9M | $662.2M |
| Free Cash FlowOCF − Capex | $168.0M | $599.1M |
| FCF MarginFCF / Revenue | 3.6% | 16.7% |
| Capex IntensityCapex / Revenue | 0.2% | 1.8% |
| Cash ConversionOCF / Net Profit | 5.92× | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-161.4M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $178.9M | $662.2M | ||
| Q3 25 | $59.8M | $1.2B | ||
| Q2 25 | $-189.6M | $504.4M | ||
| Q1 25 | $-153.2M | $376.2M | ||
| Q4 24 | $247.6M | $493.9M | ||
| Q3 24 | $83.5M | $890.8M | ||
| Q2 24 | $-137.9M | $578.6M | ||
| Q1 24 | $116.0M | $630.7M |
| Q4 25 | $168.0M | $599.1M | ||
| Q3 25 | $44.7M | $1.2B | ||
| Q2 25 | $-207.2M | $453.8M | ||
| Q1 25 | $-166.9M | $335.5M | ||
| Q4 24 | $236.3M | $420.0M | ||
| Q3 24 | $67.4M | $838.9M | ||
| Q2 24 | $-149.8M | $521.4M | ||
| Q1 24 | $104.2M | $558.7M |
| Q4 25 | 3.6% | 16.7% | ||
| Q3 25 | 1.0% | 29.6% | ||
| Q2 25 | -4.6% | 9.9% | ||
| Q1 25 | -4.1% | 9.9% | ||
| Q4 24 | 5.4% | 10.9% | ||
| Q3 24 | 1.5% | 18.2% | ||
| Q2 24 | -3.3% | 14.1% | ||
| Q1 24 | 2.4% | 12.5% |
| Q4 25 | 0.2% | 1.8% | ||
| Q3 25 | 0.3% | 1.3% | ||
| Q2 25 | 0.4% | 1.1% | ||
| Q1 25 | 0.3% | 1.2% | ||
| Q4 24 | 0.3% | 1.9% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.3% | 1.5% | ||
| Q1 24 | 0.3% | 1.6% |
| Q4 25 | 5.92× | 1.15× | ||
| Q3 25 | 3.32× | 1.62× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | -27.36× | 3.09× | ||
| Q4 24 | 11.00× | 0.90× | ||
| Q3 24 | 3.66× | 0.98× | ||
| Q2 24 | -2.29× | 2.16× | ||
| Q1 24 | 2.92× | 0.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
