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ManpowerGroup, Inc. MAN US — Discount Rate

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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 man:DiscountRate.

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

Key assumptions for our United States reporting unit in our Americas segment, which represents the reporting unit with the most significant goodwill balance, included a discount rate of 9.4%, revenue growth rates for the next 10 years ranging from -1.7% to 8.0% and average OUP margins approximating 5.0%. Management closely monitors the performance and assumptions used in our fair value estimates, along with macroeconomic and operational developments that may impact future impairment assessments.

Item 8. Financial Statements and Supplementary Data

FAQ

What is ManpowerGroup, Inc.'s US — discount rate?
ManpowerGroup, Inc. (MAN) reported US — discount rate of 9.4% in Q4 2025.
What does US — discount rate mean?
The discount rate represents the interest rate used to calculate the present value of future cash flows or pension and post-retirement benefit obligations within the US segment. It reflects the time value of money and the specific risks associated with the segment's long-term liabilities. Changes in this rate significantly impact the valuation of long-term obligations and reported financial position.

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