BENCHMARK ELECTRONICS INC BHE

Technology SIC 3672 - Printed Circuit Boards NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Bare Printed Circuit Board Manufacturing derived NYSE

Our fiscal year ends on December 31. Consequently, references to 2025 relate to the calendar year ended December 31, 2025; references to 2024 relate to the calendar year ended December 31, 2024, etc.

Benchmark Electronics, Inc. (Benchmark or the Company) is a Texas corporation that provides design engineering and advanced manufacturing services that include both electronic manufacturing services (EMS) and precision metal machining (PMM) services. We support customers throughout their product lifecycle starting from initial product concept through volume production, including the ability to manage direct order fulfillment and provide aftermarket services. We are a trusted partner to our European and U.S. based national and multinational original equipment manufacturers (OEMs). Served markets include: advanced computing and communication (AC&C), aerospace and defense (A&D), industrial, medical and semiconductor capital equipment (semi-cap). The Company has manufacturing operations located in the United States and Mexico (the Americas), Asia and Europe. In this Report, references to Benchmark, the Company or use of the words "we," "our," and "us" include Benchmark's subsidiaries unless otherwise noted.

Last close 65.81 2026-10-23
Market cap $2.36B 2026-06-30 share count
52-week range 41.69 - 100.41

Valuation FY2025 figures against the last close

P/S0.9x
P/E96.8x
P/FCF26.8x
EV/EBITDA18.2x
Dividend yield1.0%
Diluted EPS0.68

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.75B$2.76B$2.97B$3.01B$2.34B$2.13B$2.35B$2.64B$2.45B$2.32B
Cost of revenue $2.39B$2.39B$2.57B$2.63B$2.05B$1.88B$2.08B$2.36B$2.23B$2.11B
Gross profit $270.1M$270.0M$271.1M$255.2M$205.9M$175.0M$185.5M$205.8M$225.9M$214.7M
SG&A $159.7M$149.5M$147.0M$150.2M$136.7M$122.2M$126.7M$128.4M$130.4M$113.4M
Operating income $76.0M$109.4M$109.7M$90.1M$53.1M$25.1M$28.5M$58.5M$76.8M$76.9M
Interest expense $20.2M$26.9M$31.9M$12.9M$8.5M$8.4M$6.7M$10.5M$9.4M$9.3M
Pre-tax income $61.5M$83.9M$81.2M$84.3M$45.4M$17.3M$27.3M$55.5M$71.0M$69.4M
Income tax $36.7M$22.8M$12.3M$16.1M$9.6M$3.2M$3.8M$32.7M$102.9M$5.5M
Net income $24.9M$61.1M$68.9M$68.2M$35.8M$14.1M$23.4M$22.8M-$31.9M$63.9M
EPS, basic 0.691.701.941.941.000.380.610.49-0.641.30
EPS, diluted 0.681.661.921.910.990.380.600.49-0.641.28
Shares, diluted (wtd. avg.) 36.3M36.8M36.0M35.7M36.1M36.8M38.8M46.7M49.7M49.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $322.1M$315.2M$283.2M$207.4M$271.7M$396.0M$364.0M$458.1M$742.5M$681.4M
Receivables $391.1M$412.5M$449.4M$492.0M$355.9M$309.3M$324.4M$468.2M$436.6M$440.7M
Inventory $482.5M$553.7M$683.8M$727.7M$523.2M$327.4M$315.0M$310.0M$268.9M$381.3M
Total current assets $1.45B$1.51B$1.64B$1.65B$1.35B$1.20B$1.20B$1.40B$1.63B$1.53B
Property, plant and equipment $223.8M$225.1M$227.7M$211.5M$186.7M$185.3M$205.8M$211.0M$186.5M$166.1M
Goodwill $192.1M$192.1M$192.1M$192.1M$192.1M$192.1M$192.1M$192.1M$191.6M$191.6M
Other intangibles $38.8M$44.4M$51.0M$58.2M$64.2M$70.0M$75.8M$84.1M$90.9M$96.3M
Total assets $2.07B$2.13B$2.27B$2.23B$1.90B$1.74B$1.76B$1.90B$2.11B$2.01B
Accounts payable $403.2M$354.2M$367.5M$424.3M$426.6M$282.2M$303.0M$422.1M$362.7M$326.2M
Total current liabilities $635.6M$649.1M$713.5M$749.1M$654.4M$481.1M$459.2M$537.2M$478.3M$412.4M
Long-term debt $210.6M$257.0M$330.6M$324.4M$129.6M$135.7M$142.8M$147.9M——
Total liabilities $971.9M$1.03B——————$770.2M—
Retained earnings $568.2M$587.3M$560.5M$519.9M$480.0M$492.2M$515.9M$584.3M$708.2M$748.4M
Total equity $1.10B$1.10B$1.07B$1.02B$973.8M$989.6M$1.01B$1.13B$1.34B$1.38B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $124.0M$189.2M$174.3M-$177.5M-$2.6M$120.4M$93.1M$76.7M$145.8M$273.1M
Depreciation and amortisation $47.6M$46.1M$45.4M$44.3M$44.2M$48.8M$48.4M$51.8M$48.7M$55.1M
Stock-based compensation $17.2M$13.4M$15.3M$18.5M$15.3M$10.4M$10.2M$10.1M$7.8M$5.3M
Capital expenditure $35.6M$31.3M$73.5M$43.4M$38.8M$34.6M$32.6M$62.8M$50.8M$30.5M
Investing cash flow -$32.7M-$32.8M-$77.1M-$41.2M-$41.9M-$34.4M-$34.9M-$68.8M-$56.1M-$21.2M
Financing cash flow -$105.9M-$109.1M-$23.6M$159.2M-$74.0M-$57.5M-$152.8M-$291.0M-$31.4M-$35.3M
Dividends paid $24.4M$23.9M$23.5M$23.2M$23.3M$23.0M$23.3M$21.0M$0$0
Buybacks $26.8M$5.1M$0$9.4M$40.2M$25.2M$122.1M$211.9M$29.3M$41.9M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-161703.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B 4B Revenue, FY2016: 2.3B Gross profit, FY2016: 214.7M Net income, FY2016: 63.9M Revenue, FY2017: 2.5B Gross profit, FY2017: 225.9M Net income, FY2017: -31.9M Revenue, FY2018: 2.6B Gross profit, FY2018: 205.8M Net income, FY2018: 22.8M Revenue, FY2019: 2.3B Gross profit, FY2019: 185.5M Net income, FY2019: 23.4M Revenue, FY2020: 2.1B Gross profit, FY2020: 175M Net income, FY2020: 14.1M Revenue, FY2021: 2.3B Gross profit, FY2021: 205.9M Net income, FY2021: 35.8M Revenue, FY2022: 3B Gross profit, FY2022: 255.2M Net income, FY2022: 68.2M Revenue, FY2023: 3B Gross profit, FY2023: 271.1M Net income, FY2023: 68.9M Revenue, FY2024: 2.8B Gross profit, FY2024: 270M Net income, FY2024: 61.1M Revenue, FY2025: 2.7B Gross profit, FY2025: 270.1M Net income, FY2025: 24.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.32B $2.45B $2.64B $2.35B $2.13B $2.34B $3.01B $2.97B $2.76B $2.75B
Gross profit $214.7M $225.9M $205.8M $185.5M $175.0M $205.9M $255.2M $271.1M $270.0M $270.1M
Net income $63.9M -$31.9M $22.8M $23.4M $14.1M $35.8M $68.2M $68.9M $61.1M $24.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Other event Item 8.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3672

TickerCompanyMarket capP/ERevenue growth
CLS CELESTICA INC $29.90B 36.3x 28.5%
JBL JABIL INC $28.71B 46.3x 3.2%
FLEX FLEX LTD. $28.28B 32.9x 8.1%
TTMI TTM TECHNOLOGIES INC $8.44B 47.7x 19.0%
SANM SANMINA CORP $8.35B 34.9x 7.4%
PLXS PLEXUS CORP $5.78B 34.7x 1.8%
CTS CTS CORP $1.52B 24.2x 5.2%
KE Kimball Electronics, Inc. $589.6M 21.8x -3.7%