FN · Fabrinet - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.42B | $2.88B | $2.65B | $2.26B | $1.88B | $1.64B |
| Cost of Revenue | $3.01B | $2.53B | $2.31B | $1.98B | $1.66B | $1.46B |
| Gross Profit | $413.35M | $356.12M | $336.27M | $278.59M | $221.36M | $186.10M |
| R&D | - | - | - | - | - | - |
| SG&A | $87.47M | $78.48M | $77.67M | $73.94M | $70.57M | $68.37M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $53.43M | $49.02M | $43.83M | $38.74M | $36.25M | $30.88M |
| Operating Income | $324.45M | $277.61M | $251.70M | $204.52M | $150.75M | $117.40M |
| Interest Expense | $0 | $1.47M | $1.47M | $432.0K | $1.10M | $3.04M |
| Income Tax | $22.65M | $15.17M | $12.18M | $6.59M | $2.14M | $5.76M |
| Net Income | $332.53M | $296.18M | $247.91M | $200.38M | $148.34M | $113.48M |
| EPS - Basic | $9.23 | $8.17 | $6.79 | $5.43 | $4.02 | $3.07 |
| EPS - Diluted | $9.17 | $8.10 | $6.73 | $5.36 | $3.95 | $3.01 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $306.43M | $409.97M | $231.37M | $198.00M | $302.97M | $225.43M |
| Accounts Receivable | $758.89M | $592.45M | $531.77M | $439.33M | $336.55M | $272.67M |
| Inventory | $581.01M | $463.21M | $519.58M | $557.14M | $422.13M | $309.79M |
| Accounts Payable | $637.42M | $441.83M | $381.13M | $439.68M | $346.56M | $251.60M |
| Current Assets | $2.43B | $2.01B | $1.65B | $1.53B | $1.35B | $1.13B |
| Total Assets | $2.83B | $2.34B | $1.98B | $1.84B | $1.62B | $1.38B |
| Current Liabilities | $809.84M | $557.94M | $481.88M | $538.49M | $444.36M | $337.55M |
| Long-term Debt | - | - | $0 | $15.20M | $27.36M | $39.51M |
| Total Liabilities | $849.62M | $592.77M | $510.99M | $581.96M | $503.60M | $406.98M |
| Stockholders' Equity | $1.98B | $1.75B | $1.47B | $1.25B | $1.11B | $974.41M |
| Retained Earnings | $2.09B | $1.76B | $1.46B | $1.22B | $1.02B | $868.06M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $328.37M | $413.15M | $213.31M | $124.25M | $118.67M | $150.66M |
| Investing Cash Flow | ($286.30M) | ($169.75M) | ($98.72M) | ($135.54M) | ($5.44M) | ($71.25M) |
| Financing Cash Flow | ($147.01M) | ($64.85M) | ($80.98M) | ($92.93M) | ($42.75M) | ($35.30M) |
| CapEx | $121.08M | $47.53M | $61.36M | $89.59M | $42.53M | $42.33M |
| Free Cash Flow | $207.29M | $365.62M | $151.95M | $34.66M | $76.13M | $108.33M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 12.1% | 12.4% | 12.7% | 12.3% | 11.8% | 11.3% |
| Operating margin | 9.5% | 9.6% | 9.5% | 9.0% | 8.0% | 7.2% |
| EBITDA margin | 11.1% | 11.3% | 11.2% | 10.8% | 10.0% | 9.0% |
| Net margin | 9.7% | 10.3% | 9.4% | 8.9% | 7.9% | 6.9% |
| Free cash flow margin | 6.1% | 12.7% | 5.7% | 1.5% | 4.1% | 6.6% |
| FCF / Net income | 0.62 | 1.23 | 0.61 | 0.17 | 0.51 | 0.95 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 2.6% | 2.7% | 2.9% | 3.3% | 3.8% | 4.2% |
| Effective tax rate | 6.4% | 4.9% | 4.7% | 3.2% | 1.4% | 4.8% |
| Return on assets | 11.7% | 12.7% | 12.5% | 10.9% | 9.2% | 8.2% |
| Return on equity | 16.8% | 17.0% | 16.9% | 16.0% | 13.3% | 11.6% |
| Return on invested capital | - | - | 16.3% | 15.6% | 13.0% | 11.0% |
| Liquidity | ||||||
| Current ratio | 3.00 | 3.61 | 3.43 | 2.83 | 3.04 | 3.36 |
| Quick ratio | 2.28 | 2.78 | 2.35 | 1.80 | 2.09 | 2.44 |
| Cash ratio | 0.38 | 0.73 | 0.48 | 0.37 | 0.68 | 0.67 |
| Leverage | ||||||
| Debt / Equity | - | - | 0.00 | 0.01 | 0.02 | 0.04 |
| Debt / Assets | - | - | 0.00 | 0.01 | 0.02 | 0.03 |
| Debt / EBITDA | - | - | 0.00 | 0.06 | 0.15 | 0.27 |
| Interest coverage | - | 188.6x | 171.0x | 473.4x | 137.0x | 38.6x |
| Equity multiplier | 1.43 | 1.34 | 1.35 | 1.46 | 1.45 | 1.42 |
| Liabilities / Assets | 0.30 | 0.25 | 0.26 | 0.32 | 0.31 | 0.29 |
| Efficiency | ||||||
| Asset turnover | 1.21 | 1.23 | 1.34 | 1.23 | 1.16 | 1.19 |
| Inventory turnover | 5.17 | 5.46 | 4.44 | 3.56 | 3.93 | 4.70 |
| Days sales outstanding | 81d | 75d | 73d | 71d | 65d | 61d |
| Days inventory outstanding | 71d | 67d | 82d | 103d | 93d | 78d |
| Days payable outstanding | 77d | 64d | 60d | 81d | 76d | 63d |
| Cash conversion cycle | 74d | 78d | 95d | 92d | 82d | 75d |
| Valuation | ||||||
| P / E | 32.1x | 30.2x | 19.3x | 15.1x | 24.1x | 19.7x |
| P / B | 5.4x | 5.1x | 3.3x | 2.4x | 3.2x | 2.3x |
| P / S | 3.1x | 3.1x | 1.8x | 1.3x | 1.9x | 1.4x |
| EV / EBITDA | 27.5x | 26.1x | 15.4x | 11.7x | 17.7x | 13.8x |
| Growth | ||||||
| Revenue growth (YoY) | 18.6% | 9.0% | 16.9% | 20.4% | 14.5% | 3.6% |
| Revenue CAGR (3y) | 14.8% | 15.3% | 17.2% | 12.6% | 11.1% | 4.9% |
| Revenue CAGR (5y) | 15.8% | 12.7% | 14.0% | 9.8% | 14.0% | 16.2% |
| Gross profit growth (YoY) | 16.1% | 5.9% | 20.7% | 25.9% | 18.9% | 3.8% |
| Operating income growth (YoY) | 16.9% | 10.3% | 23.1% | 35.7% | 28.4% | -4.3% |
| Net income growth (YoY) | 12.3% | 19.5% | 23.7% | 35.1% | 30.7% | -6.2% |
| EPS growth (YoY) | 13.2% | 20.4% | 25.6% | 35.7% | 31.2% | -6.8% |
| EPS CAGR (3y) | 19.6% | 27.0% | 30.8% | 18.4% | 21.4% | 5.4% |
| EPS CAGR (5y) | 25.0% | 20.2% | 24.9% | 15.8% | 18.6% | 20.0% |
| FCF growth (YoY) | -43.3% | 140.6% | 338.4% | -54.5% | -29.7% | -15.8% |
| FCF CAGR (5y) | 13.9% | 23.2% | 32.6% | 67.0% | 63.7% | 144.9% |
| Book value growth (YoY) | 13.5% | 18.9% | 17.1% | 12.7% | 14.2% | 12.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-27.
Product / service
$1.62B totalOptical Communications$1.16B · 71.3%
Non Optical Communications$464.37M · 28.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
3.58
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Telephone & Telegraph Apparatus
Comparing Fabrinet against the 5 most active filers in the same SIC group.