PLXS · Plexus Corp - 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 | $4.03B | $4.08B | $4.32B | $3.93B | $3.48B | $3.50B |
| Cost of Revenue | $3.63B | $3.58B | $3.82B | $3.46B | $3.05B | $3.08B |
| Gross Profit | $406.51M | $378.53M | $394.55M | $347.23M | $323.30M | $312.71M |
| R&D | - | - | - | - | - | - |
| SG&A | $199.46M | $190.54M | $175.64M | $167.02M | $143.76M | $153.33M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $77.79M | $77.85M | $69.76M | $62.69M | $61.01M | $56.69M |
| Operating Income | $202.37M | $167.73M | $195.82M | $178.19M | $176.27M | $153.37M |
| Interest Expense | $11.61M | $28.88M | $31.54M | $15.86M | $14.25M | $16.16M |
| Income Tax | $15.13M | $17.72M | $21.92M | $20.06M | $21.50M | $17.92M |
| Net Income | $172.88M | $111.81M | $139.09M | $138.24M | $138.91M | $117.48M |
| EPS - Basic | $6.39 | $4.08 | $5.04 | $4.96 | $4.86 | $4.02 |
| EPS - Diluted | $6.26 | $4.01 | $4.95 | $4.86 | $4.76 | $3.93 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $306.46M | $345.11M | $256.23M | $274.81M | $270.17M | $385.81M |
| Accounts Receivable | $656.57M | $622.37M | $661.54M | $737.70M | $519.68M | $482.09M |
| Inventory | $1.23B | $1.31B | $1.56B | $1.60B | $972.31M | $763.46M |
| Accounts Payable | $726.60M | $606.38M | $646.61M | $805.58M | $634.97M | $516.30M |
| Current Assets | $2.40B | $2.48B | $2.67B | $2.82B | $1.93B | $1.78B |
| Total Assets | $3.14B | $3.15B | $3.32B | $3.39B | $2.46B | $2.29B |
| Current Liabilities | $1.52B | $1.64B | $1.81B | $2.01B | $1.13B | $1.00B |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $1.68B | $1.83B | $2.11B | $2.30B | $1.43B | $1.31B |
| Stockholders' Equity | $1.45B | $1.32B | $1.21B | $1.10B | $1.03B | $977.48M |
| Retained Earnings | $2.00B | $1.82B | $1.71B | $1.57B | $1.43B | $1.30B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $249.23M | $436.50M | $165.82M | ($26.24M) | $142.58M | $210.37M |
| Investing Cash Flow | ($95.61M) | ($94.95M) | ($93.30M) | ($101.56M) | ($56.97M) | ($49.85M) |
| Financing Cash Flow | ($196.40M) | ($255.59M) | ($92.72M) | $139.29M | ($203.88M) | ($1.46M) |
| CapEx | $95.26M | $95.18M | $104.05M | $101.61M | $57.10M | $50.09M |
| Free Cash Flow | $153.97M | $341.32M | $61.77M | ($127.85M) | $85.48M | $160.28M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 10.1% | 9.3% | 9.1% | 8.8% | 9.3% | 8.9% |
| Operating margin | 5.0% | 4.1% | 4.5% | 4.5% | 5.1% | 4.4% |
| EBITDA margin | 6.9% | 6.0% | 6.1% | 6.1% | 6.8% | 6.0% |
| Net margin | 4.3% | 2.7% | 3.2% | 3.5% | 4.0% | 3.4% |
| Free cash flow margin | 3.8% | 8.4% | 1.4% | -3.3% | 2.5% | 4.6% |
| FCF / Net income | 0.89 | 3.05 | 0.44 | -0.92 | 0.62 | 1.36 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 4.9% | 4.7% | 4.1% | 4.3% | 4.1% | 4.4% |
| Effective tax rate | 8.0% | 13.7% | 13.6% | 12.7% | 13.4% | 13.2% |
| Return on assets | 5.5% | 3.5% | 4.2% | 4.1% | 5.6% | 5.1% |
| Return on equity | 11.9% | 8.4% | 11.5% | 12.6% | 13.5% | 12.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.58 | 1.51 | 1.47 | 1.40 | 1.71 | 1.77 |
| Quick ratio | 0.77 | 0.71 | 0.61 | 0.60 | 0.85 | 1.01 |
| Cash ratio | 0.20 | 0.21 | 0.14 | 0.14 | 0.24 | 0.38 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 17.4x | 5.8x | 6.2x | 11.2x | 12.4x | 9.5x |
| Equity multiplier | 2.16 | 2.38 | 2.73 | 3.10 | 2.39 | 2.34 |
| Liabilities / Assets | 0.54 | 0.58 | 0.63 | 0.68 | 0.58 | 0.57 |
| Efficiency | ||||||
| Asset turnover | 1.29 | 1.29 | 1.30 | 1.16 | 1.41 | 1.53 |
| Inventory turnover | 2.95 | 2.73 | 2.44 | 2.16 | 3.13 | 4.03 |
| Days sales outstanding | 59d | 56d | 56d | 69d | 54d | 50d |
| Days inventory outstanding | 124d | 134d | 149d | 169d | 117d | 91d |
| Days payable outstanding | 73d | 62d | 62d | 85d | 76d | 61d |
| Cash conversion cycle | 110d | 128d | 143d | 153d | 95d | 80d |
| Valuation | ||||||
| P / E | 23.1x | 34.1x | 18.8x | 18.0x | 19.1x | 18.1x |
| P / B | 2.7x | 2.9x | 2.2x | 2.3x | 2.6x | 2.2x |
| P / S | 1.0x | 0.9x | 0.6x | 0.6x | 0.8x | 0.6x |
| EV / EBITDA | 13.2x | 14.1x | 8.9x | 9.2x | 10.1x | 8.3x |
| Growth | ||||||
| Revenue growth (YoY) | -1.1% | -5.6% | 10.0% | 12.8% | -0.6% | 6.2% |
| Revenue CAGR (3y) | 0.9% | 5.4% | 7.2% | 6.0% | 6.6% | 11.5% |
| Revenue CAGR (5y) | 2.9% | 4.3% | 8.5% | 9.2% | 6.4% | 5.7% |
| Gross profit growth (YoY) | 7.4% | -4.1% | 13.6% | 7.4% | 3.4% | 7.2% |
| Operating income growth (YoY) | 20.7% | -14.3% | 9.9% | 1.1% | 14.9% | 8.0% |
| Net income growth (YoY) | 54.6% | -19.6% | 0.6% | -0.5% | 18.2% | 8.2% |
| EPS growth (YoY) | 56.1% | -19.0% | 1.9% | 2.1% | 21.1% | 12.3% |
| EPS CAGR (3y) | 8.8% | -5.6% | 8.0% | 11.6% | 132.2% | 6.6% |
| EPS CAGR (5y) | 9.8% | 2.8% | 67.1% | 8.4% | 16.3% | 7.5% |
| FCF growth (YoY) | -54.9% | 452.5% | - | - | -46.7% | 548.9% |
| FCF CAGR (5y) | -0.8% | 69.1% | 72.4% | - | -2.4% | 31.0% |
| Book value growth (YoY) | 9.8% | 9.1% | 10.8% | 6.6% | 5.2% | 12.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-09-28.
Business segments
$698.43M totalAmericas Segment$329.60M · 47.2%
Asia Pacific Segment$271.91M · 38.9%
EMEASegment$96.93M · 13.9%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.59
Grey zone
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
7/9
Strong
- ✓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: Printed Circuit Boards
Comparing PLEXUS CORP against the 5 most active filers in the same SIC group.