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Side-by-side financial comparison of MANHATTAN ASSOCIATES INC (MANH) and OFG BANCORP (OFG). Click either name above to swap in a different company.

MANHATTAN ASSOCIATES INC is the larger business by last-quarter revenue ($270.4M vs $184.3M, roughly 1.5× OFG BANCORP). OFG BANCORP runs the higher net margin — 30.3% vs 19.2%, a 11.1% gap on every dollar of revenue. On growth, MANHATTAN ASSOCIATES INC posted the faster year-over-year revenue change (5.7% vs 0.9%). OFG BANCORP produced more free cash flow last quarter ($199.3M vs $142.4M). Over the past eight quarters, MANHATTAN ASSOCIATES INC's revenue compounded faster (3.1% CAGR vs 2.8%).

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.

OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....

MANH vs OFG — Head-to-Head

Bigger by revenue
MANH
MANH
1.5× larger
MANH
$270.4M
$184.3M
OFG
Growing faster (revenue YoY)
MANH
MANH
+4.8% gap
MANH
5.7%
0.9%
OFG
Higher net margin
OFG
OFG
11.1% more per $
OFG
30.3%
19.2%
MANH
More free cash flow
OFG
OFG
$56.9M more FCF
OFG
$199.3M
$142.4M
MANH
Faster 2-yr revenue CAGR
MANH
MANH
Annualised
MANH
3.1%
2.8%
OFG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MANH
MANH
OFG
OFG
Revenue
$270.4M
$184.3M
Net Profit
$52.0M
$55.9M
Gross Margin
55.0%
Operating Margin
24.8%
25.7%
Net Margin
19.2%
30.3%
Revenue YoY
5.7%
0.9%
Net Profit YoY
8.2%
11.0%
EPS (diluted)
$0.86
$1.27

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
MANH
MANH
OFG
OFG
Q4 25
$270.4M
$184.3M
Q3 25
$275.8M
$186.2M
Q2 25
$272.4M
$182.4M
Q1 25
$262.8M
$178.6M
Q4 24
$255.8M
$182.7M
Q3 24
$266.7M
$174.7M
Q2 24
$265.3M
$179.8M
Q1 24
$254.6M
$174.4M
Net Profit
MANH
MANH
OFG
OFG
Q4 25
$52.0M
$55.9M
Q3 25
$58.6M
$51.8M
Q2 25
$56.8M
$51.8M
Q1 25
$52.6M
$45.6M
Q4 24
$48.0M
$50.3M
Q3 24
$63.8M
$47.0M
Q2 24
$52.8M
$51.1M
Q1 24
$53.8M
$49.7M
Gross Margin
MANH
MANH
OFG
OFG
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%
Q1 24
53.1%
Operating Margin
MANH
MANH
OFG
OFG
Q4 25
24.8%
25.7%
Q3 25
27.5%
33.0%
Q2 25
27.1%
36.1%
Q1 25
24.0%
33.3%
Q4 24
23.7%
28.9%
Q3 24
28.2%
35.4%
Q2 24
25.7%
39.6%
Q1 24
22.6%
38.9%
Net Margin
MANH
MANH
OFG
OFG
Q4 25
19.2%
30.3%
Q3 25
21.3%
27.8%
Q2 25
20.8%
28.4%
Q1 25
20.0%
25.5%
Q4 24
18.8%
27.6%
Q3 24
23.9%
26.9%
Q2 24
19.9%
28.4%
Q1 24
21.1%
28.5%
EPS (diluted)
MANH
MANH
OFG
OFG
Q4 25
$0.86
$1.27
Q3 25
$0.96
$1.16
Q2 25
$0.93
$1.15
Q1 25
$0.85
$1.00
Q4 24
$0.77
$1.10
Q3 24
$1.03
$1.00
Q2 24
$0.85
$1.08
Q1 24
$0.86
$1.05

Balance Sheet & Financial Strength

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

Metric
MANH
MANH
OFG
OFG
Cash + ST InvestmentsLiquidity on hand
$328.7M
$1.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$314.8M
$1.4B
Total Assets
$839.4M
$12.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MANH
MANH
OFG
OFG
Q4 25
$328.7M
$1.0B
Q3 25
$263.6M
$740.3M
Q2 25
$230.6M
$851.8M
Q1 25
$205.9M
$710.6M
Q4 24
$266.2M
$591.1M
Q3 24
$215.0M
$680.6M
Q2 24
$202.7M
$740.4M
Q1 24
$207.5M
$754.4M
Stockholders' Equity
MANH
MANH
OFG
OFG
Q4 25
$314.8M
$1.4B
Q3 25
$309.2M
$1.4B
Q2 25
$278.8M
$1.3B
Q1 25
$245.1M
$1.3B
Q4 24
$299.1M
$1.3B
Q3 24
$278.0M
$1.3B
Q2 24
$240.6M
$1.2B
Q1 24
$239.6M
$1.2B
Total Assets
MANH
MANH
OFG
OFG
Q4 25
$839.4M
$12.5B
Q3 25
$768.8M
$12.2B
Q2 25
$744.7M
$12.2B
Q1 25
$708.2M
$11.7B
Q4 24
$757.6M
$11.5B
Q3 24
$698.1M
$11.5B
Q2 24
$665.3M
$11.3B
Q1 24
$674.8M
$11.2B

Cash Flow & Capital Efficiency

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

Metric
MANH
MANH
OFG
OFG
Operating Cash FlowLast quarter
$147.1M
$217.7M
Free Cash FlowOCF − Capex
$142.4M
$199.3M
FCF MarginFCF / Revenue
52.7%
108.1%
Capex IntensityCapex / Revenue
1.7%
10.0%
Cash ConversionOCF / Net Profit
2.83×
3.90×
TTM Free Cash FlowTrailing 4 quarters
$374.0M
$345.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MANH
MANH
OFG
OFG
Q4 25
$147.1M
$217.7M
Q3 25
$93.1M
$39.5M
Q2 25
$74.0M
$35.9M
Q1 25
$75.3M
$83.1M
Q4 24
$104.7M
$252.5M
Q3 24
$62.3M
$58.1M
Q2 24
$73.3M
$95.1M
Q1 24
$54.7M
$61.0M
Free Cash Flow
MANH
MANH
OFG
OFG
Q4 25
$142.4M
$199.3M
Q3 25
$87.2M
$35.5M
Q2 25
$70.1M
$31.8M
Q1 25
$74.4M
$78.7M
Q4 24
$101.6M
$231.2M
Q3 24
$61.3M
$51.8M
Q2 24
$71.0M
$90.4M
Q1 24
$52.4M
$54.8M
FCF Margin
MANH
MANH
OFG
OFG
Q4 25
52.7%
108.1%
Q3 25
31.6%
19.1%
Q2 25
25.7%
17.4%
Q1 25
28.3%
44.1%
Q4 24
39.7%
126.5%
Q3 24
23.0%
29.6%
Q2 24
26.8%
50.3%
Q1 24
20.6%
31.4%
Capex Intensity
MANH
MANH
OFG
OFG
Q4 25
1.7%
10.0%
Q3 25
2.1%
2.1%
Q2 25
1.5%
2.3%
Q1 25
0.3%
2.4%
Q4 24
1.2%
11.7%
Q3 24
0.4%
3.6%
Q2 24
0.8%
2.6%
Q1 24
0.9%
3.5%
Cash Conversion
MANH
MANH
OFG
OFG
Q4 25
2.83×
3.90×
Q3 25
1.59×
0.76×
Q2 25
1.30×
0.69×
Q1 25
1.43×
1.82×
Q4 24
2.18×
5.02×
Q3 24
0.98×
1.24×
Q2 24
1.39×
1.86×
Q1 24
1.02×
1.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MANH
MANH

Service Other$120.0M44%
Cloud Subscriptions$108.6M40%
Maintenance$32.3M12%
Hardware$6.9M3%
License And Maintenance$2.6M1%

OFG
OFG

Segment breakdown not available.

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