FNNYSETelephone & Telegraph ApparatusFiscal year ends June 27
Fabrinet
Financials through Q4 FY2026, quarter ended Jun 26, 2026Last filing: 10-K on Aug 18, 2026
$362.69−0.82 (-0.23%)
Close on Oct 19, 2026
- Market cap
- $13.19B
- P/E (TTM)
- 27.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
12.0%+0.2 pts over 5 years
Operating margin
10.0%+2.0 pts over 5 years
Net margin
10.2%+2.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +35.7% | +20.6% | +19.8% | +16.9% | |
| Gross profit | +34.6% | +18.3% | +20.2% | +16.6% | |
| Operating income | +42.7% | +22.5% | +25.2% | +20.8% | |
| Net income | +42.3% | +24.0% | +26.1% | +22.6% | |
| EPS, diluted | +42.3% | +24.7% | +27.0% | +22.8% | |
| Free cash flow | -98.0% | -69.7% | -43.9% | -4.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 15.7% | 14.2% | 21.3% | |
| Return on assets | 10.3% | 9.9% | 14.0% | |
| Current ratio | 2.57 | 3.04 | 2.25 | |
| Debt to equity | – | 0.04 | – | |
| Net debt to EBITDA | – | -1.41× | – | |
| Interest coverage | 31.9× | 137.0× | 5510.6× | |
| Inventory turnover | 5.9× | 4.5× | 5.1× | |
| Capex to revenue | 4.8% | 2.5% | 5.4% | |
| Diluted shares | 38M | 38M | 36M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Fabrinet generated $1.34B from operations and spent $850.00M on capital expenditure, dividends and share buybacks. 67% of that went back into the business.
Generated
$1.34B
Used
$850.00M
Capital expenditure$572.06M67%Dividends$00%Share buybacks$277.94M33%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin10.2%
×Asset turnover1.38×
×Equity multiplier1.52×
=Return on equity, FY202621.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 10.2% | 1.38× | 1.52× | 21.3% |
| FY2025 | 9.7% | 1.32× | 1.39× | 17.8% |
| FY2024 | 10.3% | 1.34× | 1.34× | 18.4% |
| FY2023 | 9.4% | 1.39× | 1.40× | 18.2% |
| FY2022 | 8.9% | 1.31× | 1.46× | 16.9% |
| FY2021 | 7.9% | 1.25× | 1.44× | 14.2% |
| FY2020 | 6.9% | 1.25× | 1.44× | 12.4% |
| FY2019 | 7.6% | 1.35× | 1.46× | 15.1% |
| FY2018 | 6.1% | 1.29× | 1.49× | 11.8% |
| FY2017 | 6.8% | 1.50× | 1.53× | 15.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
5of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$473.03M
- Cash generatingOperating cash flow above zero$256.73M
- Return on assets improvedROA up on the prior year14.2% → 16.7%
- Earnings backed by cashOperating cash flow above net income$256.73M vs $473.03M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.00 → 2.25
- No dilutionShare count did not rise36M → 36M
- Gross margin improvedGross margin up on the prior year12.09% → 11.99%
- More efficientAsset turnover rose1.46 → 1.64