Fabrinet FN
We provide advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers ("OEMs") of complex products such as optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices and sensors. We offer a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and testing. We are capable of producing a wide variety of high complexity products in any mix and any volume. Based on our extensive experience and the positive feedback we have received from our customers, we believe we are a global leader in providing these services to the optical communications, automotive, and industrial lasers markets.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.64B | $3.42B | $2.88B | $2.65B | $2.26B | $1.88B | $1.64B | $1.58B | $1.37B | $1.42B |
| Cost of revenue | $4.08B | $3.01B | $2.53B | $2.31B | $1.98B | $1.66B | $1.46B | $1.41B | $1.22B | $1.25B |
| Gross profit | $556.5M | $413.3M | $356.1M | $336.3M | $278.6M | $221.4M | $186.1M | $179.2M | $153.4M | $171.5M |
| SG&A | $93.5M | $87.5M | $78.5M | $77.7M | $73.9M | $70.6M | $68.4M | $55.1M | $57.8M | $65.6M |
| Operating income | $462.9M | $324.4M | $277.6M | $251.7M | $204.5M | $150.8M | $117.4M | $122.6M | $93.8M | $105.8M |
| Interest expense | $84.0K | $0 | $124.0K | $1.5M | $432.0K | $1.1M | $3.0M | $5.4M | $3.6M | $3.3M |
| Pre-tax income | $555.1M | $355.2M | $311.4M | $260.1M | $207.0M | $150.5M | $119.2M | $126.2M | $88.0M | $103.9M |
| Income tax | $82.1M | $22.7M | $15.2M | $12.2M | $6.6M | $2.1M | $5.8M | $5.3M | $3.9M | $6.7M |
| Net income | $473.0M | $332.5M | $296.2M | $247.9M | $200.4M | $148.3M | $113.5M | $121.0M | $84.2M | $97.1M |
| EPS, basic | 13.21 | 9.23 | 8.17 | 6.79 | 5.43 | 4.02 | 3.07 | 3.29 | 2.26 | 2.63 |
| EPS, diluted | 13.05 | 9.17 | 8.10 | 6.73 | 5.36 | 3.95 | 3.01 | 3.23 | 2.21 | 2.57 |
| Shares, diluted (wtd. avg.) | $36.3M | $36.3M | $36.6M | $36.9M | $37.4M | $37.6M | $37.7M | $37.4M | $38.0M | $37.9M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $346.7M | $306.4M | $410.0M | $231.4M | $198.4M | $303.1M | $232.8M | $188.2M | $161.4M | $137.1M |
| Short-term investments | $528.3M | $627.8M | $448.6M | $319.1M | $280.2M | $245.0M | $262.7M | $256.5M | $174.3M | $151.4M |
| Receivables | $1.02B | $758.9M | $592.5M | $531.8M | $452.7M | $336.5M | $272.7M | $260.6M | $246.9M | $264.3M |
| Inventory | $1.02B | $581.0M | $463.2M | $519.6M | $557.1M | $422.1M | $309.8M | $293.6M | $257.7M | $238.7M |
| Total current assets | $3.16B | $2.43B | $2.01B | $1.65B | $1.53B | $1.35B | $1.14B | $1.02B | $854.3M | $798.8M |
| Property, plant and equipment | $615.1M | $380.6M | $307.2M | $310.4M | $292.3M | $241.1M | $228.3M | $210.7M | $219.6M | $216.9M |
| Goodwill | — | — | — | — | — | — | — | $3.7M | $3.8M | $3.8M |
| Other intangibles | $2.5M | $2.2M | $2.3M | $2.4M | $3.5M | $4.4M | $4.3M | $3.9M | $4.9M | $5.8M |
| Total assets | $3.91B | $2.83B | $2.34B | $1.98B | $1.84B | $1.62B | $1.38B | $1.26B | $1.09B | $1.03B |
| Short-term debt | — | — | $0 | $12.2M | $12.2M | $12.2M | $12.2M | $3.2M | $3.2M | $48.4M |
| Total current liabilities | $1.40B | $809.8M | $557.9M | $481.9M | $538.5M | $444.4M | $334.4M | $313.0M | $270.1M | $311.3M |
| Long-term debt | — | — | — | $0 | $15.2M | $27.4M | $39.5M | $57.7M | — | — |
| Total liabilities | $1.46B | $849.6M | $592.8M | $511.0M | $582.0M | $503.6M | $407.6M | $392.2M | $347.1M | $351.5M |
| Retained earnings | $2.57B | $2.09B | $1.76B | $1.46B | $1.22B | $1.02B | $868.1M | $754.6M | $632.4M | $548.3M |
| Total equity | $2.45B | $1.98B | $1.75B | $1.47B | $1.25B | $1.11B | $974.4M | $863.1M | $740.9M | $681.6M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $256.7M | $328.4M | $413.1M | $213.3M | $124.2M | $122.2M | $150.7M | $147.4M | $138.1M | $70.9M |
| Depreciation and amortisation | $67.5M | $52.5M | $48.2M | $42.5M | $37.2M | $34.7M | $29.7M | $28.7M | $27.4M | $22.5M |
| Stock-based compensation | $34.6M | $33.0M | $28.4M | $28.1M | $28.0M | $25.5M | $22.2M | $17.2M | $22.6M | $26.5M |
| Capital expenditure | $252.5M | $121.1M | $47.5M | $61.4M | $89.6M | $46.1M | $42.3M | $18.7M | $33.8M | $68.3M |
| Investing cash flow | -$183.6M | -$286.3M | -$169.8M | -$98.7M | -$135.5M | -$8.9M | -$71.2M | -$98.1M | -$58.6M | -$90.6M |
| Financing cash flow | -$30.7M | -$147.0M | -$64.9M | -$81.0M | -$92.9M | -$42.8M | -$35.3M | -$23.2M | -$54.1M | $13.4M |
| Buybacks | $5.2M | $125.7M | $39.5M | $47.6M | $59.9M | $18.8M | $20.7M | $5.4M | $42.4M | — |
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 0001408710-26-000028.
Others in SIC 3661
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|---|---|---|---|---|
| CIEN | CIENA CORP | $45.52B | 377.6x | 18.8% |
| ADTN | ADTRAN Holdings, Inc. | $578.5M | — | 17.5% |
| CLFD | Clearfield, Inc. | $389.2M | — | 19.6% |
| FIEE | FiEE, Inc. | $33.5M | 39.3x | 867.9% |
| FKWL | FRANKLIN WIRELESS CORP | $28.9M | — | 49.6% |
| CLRO | CLEARONE INC | $13.6M | — | — |
| SONM | DNA X, Inc. | $4.8M | — | — |
| AUDC | AUDIOCODES LTD | — | — | 1.4% |