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ManpowerGroup, Inc. MAN Northern Europe — Lease Cost

Other segment segments

Americas
$1.1M+120%
Apme
$0
Southern Europe
$0-100%

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Other financials

Income statement

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Revenue$4.9B+7.5%
Gross profit$780.3M+2.2%
Operating income$112.0M+543%
Net income$53.5M+180%
EPS (diluted)$1.13+178%

Balance sheet

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Cash & equivalents$180.6M-37.7%
Total debt$1.4B-17.6%
Total equity$2.1B+5.6%
Total assets$8.4B-1.5%

Cash flow

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Operating cash flow-$2.7M+98.6%
CapEx$5.8M-67.0%
Free cash flow-$8.5M+95.9%

Valuation

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Market cap$2.63B+43.0%
Enterprise value$3.87B+18.3%
P/E381.5×
P/S0.1×0.0×

Profitability

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Gross margin16.2%-0.9pp
Operating margin1.5%+0.7pp
Net margin-0.1%
FCF margin-0.4%-2.0pp

Returns & leverage

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Return on equity-1%
Debt / equity0.7×-0.2×
Current ratio+0.1×

Where this comes from

Reported directly by ManpowerGroup, Inc. in its filing.

Tagged under the XBRL concept us-gaap:LeaseCost.

The source filing: ManpowerGroup, Inc.’s 10-K, filed February 23, 2026.

Filed
Feb 23, 2026, 4:31 PM EST
Fiscal year
FY2025
Accession
0001193125-26-064113
Line itemAmericas(a)Southern Europe(b)Northern EuropeAPMECorporateTotal
Balance, December 31, 2023$4.8$5.9$78.9$0.4$90.0
Severance costs8.65.428.82.81.947.5
Lease costs(c)0.50.12.83.4
Other costs0.10.81.82.7
Non-cash charges(0.5)(0.1)(2.8)(3.4)
Costs paid(7.8)(7.7)(77.4)(0.8)(93.7)
Balance, December 31, 2024$5.7$4.4$32.1$2.4$1.9$46.5
Severance costs5.115.442.10.1(1.2)61.5

Item 8. Financial Statements and Supplementary Data

FAQ

What is ManpowerGroup, Inc.'s northern europe — lease cost?
ManpowerGroup, Inc. (MAN) reported northern europe — lease cost of $400K in Q4 2025.
How has ManpowerGroup, Inc.'s northern europe — lease cost changed year-over-year?
ManpowerGroup, Inc.'s northern europe — lease cost decreased by 42.9% year-over-year, from $700K to $400K.
What does northern europe — lease cost mean?
This metric tracks the total expenses incurred for leasing real estate, office space, or equipment within the Northern Europe segment. It reflects the fixed overhead costs associated with maintaining the physical footprint required to support regional workforce solutions.

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