What is ManpowerGroup, Inc.'s net debt?

ManpowerGroup, Inc. (MAN) reported net debt of $1.31B in Q1 2026.

How has ManpowerGroup, Inc.'s net debt changed year-over-year?

ManpowerGroup, Inc.'s net debt increased by 22.3% year-over-year, from $1.07B to $1.31B.

What is the long-term trend for ManpowerGroup, Inc.'s net debt?

Over 5 years (2020 to 2025), ManpowerGroup, Inc.'s net debt has grown at a 101.7% compound annual growth rate (CAGR), from -$18.8M to $627.4M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

ManpowerGroup, Inc. MAN Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$4.5B+10.3%

Gross profit$723.0M+3.5%

Operating income$28.3M+0.4%

Net income$2.5M-55.4%

EPS (diluted)$0.05-58.3%

Balance sheet

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Cash & equivalents$224.9M-43.1%

Total debt$1.5B+4.7%

Total equity$2.1B-1.8%

Total assets$8.4B+4.4%

Cash flow

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Operating cash flow-$126.3M+17.6%

CapEx$9.0M-34.3%

Free cash flow-$135.3M+18.9%

Valuation

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Market cap$1.52B-14.9%

Enterprise value$2.83B-0.9%

P/S0.1×0.0×

Profitability

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Gross margin16.4%-0.8pp

Operating margin0.8%-0.7pp

Net margin-0.1%—

FCF margin-0.4%-2.0pp

Returns & leverage

See full

Return on equity-1%—

Debt / equity0.7×0.0×

Current ratio1.1×0.0×

Where this comes from

Calculated from ManpowerGroup, Inc.’s reported figures.

$1.5Btotal debt−$224.9Mcash and equivalents=$1.31B

The official record: ManpowerGroup, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ManpowerGroup, Inc.'s net debt?: ManpowerGroup, Inc. (MAN) reported net debt of $1.31B in Q1 2026.
How has ManpowerGroup, Inc.'s net debt changed year-over-year?: ManpowerGroup, Inc.'s net debt increased by 22.3% year-over-year, from $1.07B to $1.31B.
What is the long-term trend for ManpowerGroup, Inc.'s net debt?: Over 5 years (2020 to 2025), ManpowerGroup, Inc.'s net debt has grown at a 101.7% compound annual growth rate (CAGR), from -$18.8M to $627.4M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.