PLXSNasdaqPrinted Circuit BoardsFiscal year ends October 3
PLEXUS CORP
Financials through Q3 FY2026, quarter ended Jul 4, 2026Last filing: 10-Q on Aug 6, 2026
$234.94+4.47 (+1.94%)
Close on Oct 19, 2026
- Market cap
- $6.41B
- P/E (TTM)
- 34.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
10.1%+1.1 pts over 5 years
Operating margin
5.0%+0.6 pts over 5 years
Net margin
4.3%+0.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.8% | +0.9% | +2.9% | +4.3% | |
| Gross profit | +7.4% | +5.4% | +5.4% | +5.4% | |
| Operating income | +20.7% | +4.3% | +5.7% | +5.8% | |
| Net income | +54.6% | +7.7% | +8.0% | +6.2% | |
| EPS, diluted | +56.1% | +8.8% | +9.8% | +8.6% | |
| Free cash flow | -54.9% | – | -0.8% | +14.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.7% | 12.7% | 12.4% | |
| Return on assets | 4.4% | 5.5% | 5.5% | |
| Current ratio | 2.20 | 1.77 | 1.58 | |
| Debt to equity | 0.29 | – | – | |
| Net debt to EBITDA | -1.16× | – | – | |
| Interest coverage | 6.8× | 9.5× | 17.4× | |
| Inventory turnover | 4.1× | 4.4× | 2.9× | |
| Capex to revenue | 1.2% | 1.4% | 2.4% | |
| Diluted shares | 34M | 30M | 28M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Plexus generated $1.02B from operations and spent $774.02M on capital expenditure, dividends and share buybacks. 59% of that went back into the business.
Generated
$1.02B
Used
$774.02M
Capital expenditure$453.21M59%Dividends$00%Share buybacks$320.81M41%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.3%
×Asset turnover1.28×
×Equity multiplier2.26×
=Return on equity, FY202512.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.3% | 1.28× | 2.26× | 12.4% |
| FY2024 | 2.8% | 1.22× | 2.55× | 8.8% |
| FY2023 | 3.3% | 1.25× | 2.91× | 12.0% |
| FY2022 | 3.5% | 1.34× | 2.76× | 13.0% |
| FY2021 | 4.0% | 1.47× | 2.37× | 13.9% |
| FY2020 | 3.4% | 1.63× | 2.33× | 12.7% |
| FY2019 | 3.3% | 1.68× | 2.20× | 12.2% |
| FY2018 | 0.5% | 1.47× | 2.01× | 1.3% |
| FY2017 | 4.4% | 1.35× | 1.93× | 11.5% |
| FY2016 | 3.0% | 1.48× | 1.97× | 8.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$172.89M
- Cash generatingOperating cash flow above zero$249.23M
- Return on assets improvedROA up on the prior year3.4% → 5.5%
- Earnings backed by cashOperating cash flow above net income$249.23M vs $172.89M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.51 → 1.58
- No dilutionShare count did not rise28M → 28M
- Gross margin improvedGross margin up on the prior year9.56% → 10.08%
- More efficientAsset turnover rose1.19 → 1.28