CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · FN

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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 itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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 itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin12.1%12.4%12.7%12.3%11.8%11.3%
Operating margin9.5%9.6%9.5%9.0%8.0%7.2%
EBITDA margin11.1%11.3%11.2%10.8%10.0%9.0%
Net margin9.7%10.3%9.4%8.9%7.9%6.9%
Free cash flow margin6.1%12.7%5.7%1.5%4.1%6.6%
FCF / Net income0.621.230.610.170.510.95
R&D / Revenue------
SG&A / Revenue2.6%2.7%2.9%3.3%3.8%4.2%
Effective tax rate6.4%4.9%4.7%3.2%1.4%4.8%
Return on assets11.7%12.7%12.5%10.9%9.2%8.2%
Return on equity16.8%17.0%16.9%16.0%13.3%11.6%
Return on invested capital--16.3%15.6%13.0%11.0%
Liquidity
Current ratio3.003.613.432.833.043.36
Quick ratio2.282.782.351.802.092.44
Cash ratio0.380.730.480.370.680.67
Leverage
Debt / Equity--0.000.010.020.04
Debt / Assets--0.000.010.020.03
Debt / EBITDA--0.000.060.150.27
Interest coverage-188.6x171.0x473.4x137.0x38.6x
Equity multiplier1.431.341.351.461.451.42
Liabilities / Assets0.300.250.260.320.310.29
Efficiency
Asset turnover1.211.231.341.231.161.19
Inventory turnover5.175.464.443.563.934.70
Days sales outstanding81d75d73d71d65d61d
Days inventory outstanding71d67d82d103d93d78d
Days payable outstanding77d64d60d81d76d63d
Cash conversion cycle74d78d95d92d82d75d
Valuation
P / E32.1x30.2x19.3x15.1x24.1x19.7x
P / B5.4x5.1x3.3x2.4x3.2x2.3x
P / S3.1x3.1x1.8x1.3x1.9x1.4x
EV / EBITDA27.5x26.1x15.4x11.7x17.7x13.8x
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 total
Optical 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

CompanyRevenue (last FY)Net marginROE
CIEN---
vplm---642.5%
INFN$1.42B-10.6%-129.0%
NTGR$699.62M-2.6%-3.6%
ADTN$1.08B-4.2%-31.3%

Comparing Fabrinet against the 5 most active filers in the same SIC group.