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Side-by-side financial comparison of ManpowerGroup Inc. (MAN) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.
ManpowerGroup Inc. is the larger business by last-quarter revenue ($4.7B vs $2.6B, roughly 1.8× Vertiv Holdings Co). Vertiv Holdings Co runs the higher net margin — 14.7% vs 0.6%, a 14.1% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 7.1%). Vertiv Holdings Co produced more free cash flow last quarter ($652.8M vs $168.0M). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% CAGR vs 3.5%).
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.
Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.
MAN vs VRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $2.6B |
| Net Profit | $30.2M | $390.1M |
| Gross Margin | 16.3% | 37.7% |
| Operating Margin | 1.7% | — |
| Net Margin | 0.6% | 14.7% |
| Revenue YoY | 7.1% | 30.1% |
| Net Profit YoY | 34.2% | 137.1% |
| EPS (diluted) | $0.65 | $0.99 |
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.
| Q1 26 | — | $2.6B | ||
| Q4 25 | $4.7B | $2.9B | ||
| Q3 25 | $4.6B | $2.7B | ||
| Q2 25 | $4.5B | $2.6B | ||
| Q1 25 | $4.1B | $2.0B | ||
| Q4 24 | $4.4B | $2.3B | ||
| Q3 24 | $4.5B | $2.1B | ||
| Q2 24 | $4.5B | $2.0B |
| Q1 26 | — | $390.1M | ||
| Q4 25 | $30.2M | $445.6M | ||
| Q3 25 | $18.0M | $398.5M | ||
| Q2 25 | $-67.1M | $324.2M | ||
| Q1 25 | $5.6M | $164.5M | ||
| Q4 24 | $22.5M | $147.0M | ||
| Q3 24 | $22.8M | $176.6M | ||
| Q2 24 | $60.1M | $178.1M |
| Q1 26 | — | 37.7% | ||
| Q4 25 | 16.3% | 38.9% | ||
| Q3 25 | 16.6% | 37.8% | ||
| Q2 25 | 16.9% | 34.0% | ||
| Q1 25 | 17.1% | 33.7% | ||
| Q4 24 | 17.2% | 37.1% | ||
| Q3 24 | 17.3% | 36.5% | ||
| Q2 24 | 17.4% | 38.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 20.1% | ||
| Q3 25 | 1.4% | 19.3% | ||
| Q2 25 | -0.6% | 16.8% | ||
| Q1 25 | 0.7% | 14.3% | ||
| Q4 24 | 1.6% | 19.5% | ||
| Q3 24 | 1.6% | 17.9% | ||
| Q2 24 | 2.2% | 17.2% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | 0.6% | 15.5% | ||
| Q3 25 | 0.4% | 14.9% | ||
| Q2 25 | -1.5% | 12.3% | ||
| Q1 25 | 0.1% | 8.1% | ||
| Q4 24 | 0.5% | 6.3% | ||
| Q3 24 | 0.5% | 8.5% | ||
| Q2 24 | 1.3% | 9.1% |
| Q1 26 | — | $0.99 | ||
| Q4 25 | $0.65 | $1.14 | ||
| Q3 25 | $0.38 | $1.02 | ||
| Q2 25 | $-1.44 | $0.83 | ||
| Q1 25 | $0.12 | $0.42 | ||
| Q4 24 | $0.49 | $0.38 | ||
| Q3 24 | $0.47 | $0.46 | ||
| Q2 24 | $1.24 | $0.46 |
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 | $2.5B |
| Total DebtLower is stronger | $1.1B | $0 |
| Stockholders' EquityBook value | $2.1B | $4.2B |
| Total Assets | $9.2B | $13.4B |
| Debt / EquityLower = less leverage | 0.51× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.5B | ||
| Q4 25 | $871.0M | $1.7B | ||
| Q3 25 | $274.6M | $1.4B | ||
| Q2 25 | $289.8M | $1.6B | ||
| Q1 25 | $395.0M | $1.5B | ||
| Q4 24 | $509.4M | $1.2B | ||
| Q3 24 | $410.9M | $908.7M | ||
| Q2 24 | $468.9M | $579.7M |
| Q1 26 | — | $0 | ||
| Q4 25 | $1.1B | $2.9B | ||
| Q3 25 | $468.3M | $2.9B | ||
| Q2 25 | $470.3M | $2.9B | ||
| Q1 25 | $971.4M | $2.9B | ||
| Q4 24 | $929.4M | $2.9B | ||
| Q3 24 | $999.7M | $2.9B | ||
| Q2 24 | $961.7M | $2.9B |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $2.1B | $3.9B | ||
| Q3 25 | $2.0B | $3.5B | ||
| Q2 25 | $2.0B | $3.1B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.1B | $2.4B | ||
| Q3 24 | $2.2B | $1.8B | ||
| Q2 24 | $2.1B | $1.5B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $9.2B | $12.2B | ||
| Q3 25 | $8.4B | $10.8B | ||
| Q2 25 | $8.5B | $10.4B | ||
| Q1 25 | $8.0B | $9.5B | ||
| Q4 24 | $8.2B | $9.1B | ||
| Q3 24 | $8.5B | $8.9B | ||
| Q2 24 | $8.5B | $8.1B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.51× | 0.74× | ||
| Q3 25 | 0.23× | 0.83× | ||
| Q2 25 | 0.24× | 0.93× | ||
| Q1 25 | 0.46× | 1.10× | ||
| Q4 24 | 0.44× | 1.20× | ||
| Q3 24 | 0.46× | 1.62× | ||
| Q2 24 | 0.45× | 1.91× |
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 | — |
| Free Cash FlowOCF − Capex | $168.0M | $652.8M |
| FCF MarginFCF / Revenue | 3.6% | 24.6% |
| Capex IntensityCapex / Revenue | 0.2% | 4.2% |
| Cash ConversionOCF / Net Profit | 5.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-161.4M | $2.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $178.9M | $978.9M | ||
| Q3 25 | $59.8M | $508.7M | ||
| Q2 25 | $-189.6M | $322.9M | ||
| Q1 25 | $-153.2M | $303.3M | ||
| Q4 24 | $247.6M | $425.2M | ||
| Q3 24 | $83.5M | $378.2M | ||
| Q2 24 | $-137.9M | $378.4M |
| Q1 26 | — | $652.8M | ||
| Q4 25 | $168.0M | $885.6M | ||
| Q3 25 | $44.7M | $463.5M | ||
| Q2 25 | $-207.2M | $277.9M | ||
| Q1 25 | $-166.9M | $266.8M | ||
| Q4 24 | $236.3M | $364.5M | ||
| Q3 24 | $67.4M | $341.8M | ||
| Q2 24 | $-149.8M | $344.3M |
| Q1 26 | — | 24.6% | ||
| Q4 25 | 3.6% | 30.8% | ||
| Q3 25 | 1.0% | 17.3% | ||
| Q2 25 | -4.6% | 10.5% | ||
| Q1 25 | -4.1% | 13.1% | ||
| Q4 24 | 5.4% | 15.5% | ||
| Q3 24 | 1.5% | 16.5% | ||
| Q2 24 | -3.3% | 17.6% |
| Q1 26 | — | 4.2% | ||
| Q4 25 | 0.2% | 3.2% | ||
| Q3 25 | 0.3% | 1.7% | ||
| Q2 25 | 0.4% | 1.7% | ||
| Q1 25 | 0.3% | 1.8% | ||
| Q4 24 | 0.3% | 2.6% | ||
| Q3 24 | 0.4% | 1.8% | ||
| Q2 24 | 0.3% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 5.92× | 2.20× | ||
| Q3 25 | 3.32× | 1.28× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | -27.36× | 1.84× | ||
| Q4 24 | 11.00× | 2.89× | ||
| Q3 24 | 3.66× | 2.14× | ||
| Q2 24 | -2.29× | 2.12× |
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% |
VRT
Segment breakdown not available.
