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Side-by-side financial comparison of ManpowerGroup Inc. (MAN) and TTEC Holdings, Inc. (TTEC). Click either name above to swap in a different company.
ManpowerGroup Inc. is the larger business by last-quarter revenue ($4.7B vs $570.0M, roughly 8.3× TTEC Holdings, Inc.). ManpowerGroup Inc. runs the higher net margin — 0.6% vs -29.9%, a 30.6% gap on every dollar of revenue. On growth, ManpowerGroup Inc. posted the faster year-over-year revenue change (7.1% vs 0.4%). ManpowerGroup Inc. produced more free cash flow last quarter ($168.0M vs $-9.2M). Over the past eight quarters, ManpowerGroup Inc.'s revenue compounded faster (3.5% CAGR vs -0.6%).
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.
TTEC Holdings, Inc., is an American customer experience technology and services company with its primary place of business in Austin, Texas.
MAN vs TTEC — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $570.0M |
| Net Profit | $30.2M | $-170.5M |
| Gross Margin | 16.3% | — |
| Operating Margin | 1.7% | -30.3% |
| Net Margin | 0.6% | -29.9% |
| Revenue YoY | 7.1% | 0.4% |
| Net Profit YoY | 34.2% | -3791.9% |
| EPS (diluted) | $0.65 | $-3.57 |
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 | $570.0M | ||
| Q3 25 | $4.6B | $519.1M | ||
| Q2 25 | $4.5B | $513.6M | ||
| Q1 25 | $4.1B | $534.2M | ||
| Q4 24 | $4.4B | $567.4M | ||
| Q3 24 | $4.5B | $529.4M | ||
| Q2 24 | $4.5B | $534.1M | ||
| Q1 24 | $4.4B | $576.6M |
| Q4 25 | $30.2M | $-170.5M | ||
| Q3 25 | $18.0M | $-13.4M | ||
| Q2 25 | $-67.1M | $-8.0M | ||
| Q1 25 | $5.6M | $1.4M | ||
| Q4 24 | $22.5M | $4.6M | ||
| Q3 24 | $22.8M | $-21.1M | ||
| Q2 24 | $60.1M | $-299.5M | ||
| Q1 24 | $39.7M | $-2.3M |
| 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% | -30.3% | ||
| Q3 25 | 1.4% | 2.4% | ||
| Q2 25 | -0.6% | 3.7% | ||
| Q1 25 | 0.7% | 4.5% | ||
| Q4 24 | 1.6% | 2.7% | ||
| Q3 24 | 1.6% | 2.4% | ||
| Q2 24 | 2.2% | -42.0% | ||
| Q1 24 | 1.5% | 3.9% |
| Q4 25 | 0.6% | -29.9% | ||
| Q3 25 | 0.4% | -2.6% | ||
| Q2 25 | -1.5% | -1.6% | ||
| Q1 25 | 0.1% | 0.3% | ||
| Q4 24 | 0.5% | 0.8% | ||
| Q3 24 | 0.5% | -4.0% | ||
| Q2 24 | 1.3% | -56.1% | ||
| Q1 24 | 0.9% | -0.4% |
| Q4 25 | $0.65 | $-3.57 | ||
| Q3 25 | $0.38 | $-0.28 | ||
| Q2 25 | $-1.44 | $-0.17 | ||
| Q1 25 | $0.12 | $0.03 | ||
| Q4 24 | $0.49 | $0.05 | ||
| Q3 24 | $0.47 | $-0.44 | ||
| Q2 24 | $1.24 | $-6.30 | ||
| Q1 24 | $0.81 | $-0.05 |
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 | $82.9M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $2.1B | $112.9M |
| Total Assets | $9.2B | $1.5B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $871.0M | $82.9M | ||
| Q3 25 | $274.6M | $73.5M | ||
| Q2 25 | $289.8M | $82.6M | ||
| Q1 25 | $395.0M | $85.1M | ||
| Q4 24 | $509.4M | $85.0M | ||
| Q3 24 | $410.9M | $96.9M | ||
| Q2 24 | $468.9M | $79.8M | ||
| Q1 24 | $604.8M | $91.5M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $468.3M | — | ||
| Q2 25 | $470.3M | — | ||
| Q1 25 | $971.4M | — | ||
| Q4 24 | $929.4M | — | ||
| Q3 24 | $999.7M | — | ||
| Q2 24 | $961.7M | — | ||
| Q1 24 | $968.9M | — |
| Q4 25 | $2.1B | $112.9M | ||
| Q3 25 | $2.0B | $280.8M | ||
| Q2 25 | $2.0B | $295.2M | ||
| Q1 25 | $2.1B | $281.5M | ||
| Q4 24 | $2.1B | $268.1M | ||
| Q3 24 | $2.2B | $295.1M | ||
| Q2 24 | $2.1B | $304.2M | ||
| Q1 24 | $2.2B | $612.4M |
| Q4 25 | $9.2B | $1.5B | ||
| Q3 25 | $8.4B | $1.7B | ||
| Q2 25 | $8.5B | $1.7B | ||
| Q1 25 | $8.0B | $1.7B | ||
| Q4 24 | $8.2B | $1.8B | ||
| Q3 24 | $8.5B | $1.8B | ||
| Q2 24 | $8.5B | $1.8B | ||
| Q1 24 | $8.5B | $2.1B |
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.46× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 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 | $178.9M | $2.6M |
| Free Cash FlowOCF − Capex | $168.0M | $-9.2M |
| FCF MarginFCF / Revenue | 3.6% | -1.6% |
| Capex IntensityCapex / Revenue | 0.2% | 2.1% |
| Cash ConversionOCF / Net Profit | 5.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-161.4M | $83.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $178.9M | $2.6M | ||
| Q3 25 | $59.8M | $4.2M | ||
| Q2 25 | $-189.6M | $92.7M | ||
| Q1 25 | $-153.2M | $21.6M | ||
| Q4 24 | $247.6M | $-1.1M | ||
| Q3 24 | $83.5M | $-91.4M | ||
| Q2 24 | $-137.9M | $49.3M | ||
| Q1 24 | $116.0M | $-15.6M |
| Q4 25 | $168.0M | $-9.2M | ||
| Q3 25 | $44.7M | $-9.6M | ||
| Q2 25 | $-207.2M | $85.5M | ||
| Q1 25 | $-166.9M | $16.2M | ||
| Q4 24 | $236.3M | $-9.8M | ||
| Q3 24 | $67.4M | $-100.2M | ||
| Q2 24 | $-149.8M | $35.1M | ||
| Q1 24 | $104.2M | $-29.1M |
| Q4 25 | 3.6% | -1.6% | ||
| Q3 25 | 1.0% | -1.8% | ||
| Q2 25 | -4.6% | 16.7% | ||
| Q1 25 | -4.1% | 3.0% | ||
| Q4 24 | 5.4% | -1.7% | ||
| Q3 24 | 1.5% | -18.9% | ||
| Q2 24 | -3.3% | 6.6% | ||
| Q1 24 | 2.4% | -5.0% |
| Q4 25 | 0.2% | 2.1% | ||
| Q3 25 | 0.3% | 2.7% | ||
| Q2 25 | 0.4% | 1.4% | ||
| Q1 25 | 0.3% | 1.0% | ||
| Q4 24 | 0.3% | 1.5% | ||
| Q3 24 | 0.4% | 1.7% | ||
| Q2 24 | 0.3% | 2.7% | ||
| Q1 24 | 0.3% | 2.3% |
| Q4 25 | 5.92× | — | ||
| Q3 25 | 3.32× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -27.36× | 15.60× | ||
| Q4 24 | 11.00× | -0.24× | ||
| Q3 24 | 3.66× | — | ||
| Q2 24 | -2.29× | — | ||
| Q1 24 | 2.92× | — |
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% |
TTEC
| Ttec Engage | $444.5M | 78% |
| Ttec Digital | $125.5M | 22% |
