MANH vs. CRM

Last updated Jun 4, 2026

MANH (Manhattan Associates, Inc.) and CRM (salesforce.com, inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 10 years, MANH returned 8.50%/yr vs 8.89%/yr for CRM. At a 0.48 correlation, their price movements are largely independent.

Performance

MANH vs. CRM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manhattan Associates, Inc. (MANH) and salesforce.com, inc. (CRM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MANH achieves a -12.76% return, which is significantly higher than CRM's -27.87% return. Both investments have delivered pretty close results over the past 10 years, with MANH having a 8.50% annualized return and CRM not far ahead at 8.89%.

MANH

• 1D: -2.48%
• 1M: 7.41%
• YTD: -12.76%
• 6M: -15.34%
• 1Y: -19.14%
• 3Y*: -6.58%
• 5Y*: 1.91%
• 10Y*: 8.50%

CRM

• 1D: -5.09%
• 1M: 2.77%
• YTD: -27.87%
• 6M: -19.82%
• 1Y: -27.39%
• 3Y*: -3.17%
• 5Y*: -4.02%
• 10Y*: 8.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MANH vs. CRM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MANH Manhattan Associates, Inc.	-12.76%	-35.87%	25.51%	77.36%	-21.92%	47.83%	31.89%	88.22%	-14.47%	-6.58%
CRM salesforce.com, inc.	-27.87%	-20.25%	27.76%	98.46%	-47.83%	14.20%	36.82%	18.74%	33.98%	49.33%

Correlation

The correlation between MANH and CRM is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 24, 2004	0.48

The correlation between MANH and CRM shifts across timeframes, from 0.48 (all time) to 0.60 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MANH : $9.08B CRM : $166.02B
EPS MANH : $3.57 CRM : $8.59
PE Ratio MANH : 42.34 CRM : 22.18
PEG Ratio MANH : 2.02 CRM : 0.05
PS Ratio MANH : 8.33 CRM : 4.16
PB Ratio MANH : 44.24 CRM : 4.85
Total Revenue (TTM) MANH : $1.10B CRM : $42.83B
Gross Profit (TTM) MANH : $456.06M CRM : $33.25B
EBITDA (TTM) MANH : $297.27M CRM : $12.32B

Return for Risk

MANH vs. CRM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MANH

MANH Risk / Return Rank: 22
MANH Sharpe Ratio Rank: 19
MANH Sortino Ratio Rank: 20
MANH Omega Ratio Rank: 20
MANH Calmar Ratio Rank: 27
MANH Martin Ratio Rank: 27

CRM

CRM Risk / Return Rank: 12
CRM Sharpe Ratio Rank: 10
CRM Sortino Ratio Rank: 13
CRM Omega Ratio Rank: 13
CRM Calmar Ratio Rank: 15
CRM Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MANH vs. CRM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manhattan Associates, Inc. (MANH) and salesforce.com, inc. (CRM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MANH	CRM	Difference
Sharpe ratio Return per unit of total volatility	-0.50	-0.73	+0.23
Sortino ratio Return per unit of downside risk	-0.48	-0.89	+0.41
Omega ratio Gain probability vs. loss probability	0.94	0.89	+0.05
Calmar ratio Return relative to maximum drawdown	-0.41	-0.70	+0.29
Martin ratio Return relative to average drawdown	-0.73	-1.36	+0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MANH vs. CRM - Sharpe Ratio Comparison

The current MANH Sharpe Ratio is -0.50, which is higher than the CRM Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of MANH and CRM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MANH	CRM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	-0.73	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	-0.11	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.25	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.46	-0.24

Drawdowns

MANH vs. CRM - Drawdown Comparison

The maximum MANH drawdown since its inception was -87.04%, which is greater than CRM's maximum drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for MANH and CRM.

Drawdown Indicators

	MANH	CRM	Difference
Max Drawdown Largest peak-to-trough decline	-87.04%	-70.50%	-16.54%
Max Drawdown (1Y) Largest decline over 1 year	-46.97%	-39.46%	-7.51%
Max Drawdown (3Y) Largest decline over 3 years	-60.98%	-54.70%	-6.28%
Max Drawdown (5Y) Largest decline over 5 years	-60.98%	-58.62%	-2.36%
Max Drawdown (10Y) Largest decline over 10 years	-60.98%	-58.62%	-2.36%
Current Drawdown Current decline from peak	-51.19%	-47.66%	-3.53%
Average Drawdown Average peak-to-trough decline	-39.44%	-16.10%	-23.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.20%	20.18%	+6.02%

Volatility

MANH vs. CRM - Volatility Comparison

The current volatility for Manhattan Associates, Inc. (MANH) is 15.80%, while salesforce.com, inc. (CRM) has a volatility of 17.31%. This indicates that MANH experiences smaller price fluctuations and is considered to be less risky than CRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MANH	CRM	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.80%	17.31%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	32.59%	31.96%	+0.63%
Volatility (1Y) Calculated over the trailing 1-year period	38.49%	37.89%	+0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.16%	37.02%	+1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.44%	35.34%	+4.10%

Dividends

MANH vs. CRM - Dividend Comparison

MANH has not paid dividends to shareholders, while CRM's dividend yield for the trailing twelve months is around 0.89%.

Position	TTM	2025	2024
CRM salesforce.com, inc.	0.89%	0.63%	0.48%
MANH Manhattan Associates, Inc.	0.00%	0.00%	0.00%

Financials

MANH vs. CRM - Profitability Comparison

The chart below illustrates the profitability comparison between Manhattan Associates, Inc. and salesforce.com, inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MANH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Manhattan Associates, Inc. reported a gross profit of 0.00 and revenue of 282.22M. Therefore, the gross margin over that period was 0.0%.

CRM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, salesforce.com, inc. reported a gross profit of 8.56B and revenue of 11.13B. Therefore, the gross margin over that period was 76.9%.

MANH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Manhattan Associates, Inc. reported an operating income of 64.94M and revenue of 282.22M, resulting in an operating margin of 23.0%.

CRM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, salesforce.com, inc. reported an operating income of 2.35B and revenue of 11.13B, resulting in an operating margin of 21.1%.

MANH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Manhattan Associates, Inc. reported a net income of 49.30M and revenue of 282.22M, resulting in a net margin of 17.5%.

CRM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, salesforce.com, inc. reported a net income of 2.11B and revenue of 11.13B, resulting in a net margin of 18.9%.

Frequently Asked Questions

Can I hold both MANH and CRM in my portfolio?

MANH and CRM have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MANH or CRM?

CRM has higher volatility (17.31%) compared to MANH (15.80%). In terms of maximum drawdown, MANH dropped -87.04% vs CRM's -70.50%.

Which has better risk-adjusted returns?

MANH currently has the higher Sharpe Ratio (-0.50 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.