JABIL INC JBL
Jabil is one of the leading providers of engineering, manufacturing, and supply chain solutions. We deliver comprehensive design, production, and product management services to companies across a diverse range of industries and end markets. Our capabilities span the entire product lifecycle—from innovation, design, and planning to fabrication, assembly, and delivery—enabling seamless management of resources and materials across global supply chains. Through these integrated services, we help our customers reduce manufacturing costs, enhance supply chain efficiency, minimize inventory risk, lower transportation expenses, and accelerate product fulfillment.
We serve our customers primarily through dedicated business units that combine highly automated, continuous flow manufacturing with advanced electronic design and design for manufacturability. Each business unit team serves as a single point of contact between a customer and Jabil. Business unit teams are supported by cross-functional teams, which leverage the power of our global expertise and capabilities to carry out work at the site level.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.80B | $28.88B | $34.70B | $33.48B | $29.29B | $27.27B | $25.28B | $22.10B | $19.06B | $18.35B |
| Cost of revenue | $27.16B | $26.21B | $31.84B | $30.85B | $26.93B | $25.34B | $23.37B | $20.39B | $17.52B | $16.83B |
| Gross profit | $2.65B | $2.68B | $2.87B | $2.63B | $2.36B | $1.93B | $1.91B | $1.71B | $1.55B | $1.53B |
| R&D | $26.0M | $39.0M | $34.0M | $33.0M | $34.0M | $43.0M | $43.0M | $38.5M | $29.7M | $32.0M |
| SG&A | $1.12B | $1.16B | $1.21B | $1.15B | $1.21B | $1.18B | $1.11B | $1.05B | $907.7M | $924.4M |
| Operating income | $1.18B | $2.01B | $1.54B | $1.39B | $1.05B | $500.0M | $701.0M | $542.2M | $410.2M | $522.8M |
| Interest expense | — | — | $206.0M | $146.0M | $124.0M | $174.0M | $188.0M | $149.0M | $138.1M | $136.5M |
| Pre-tax income | $892.0M | $1.75B | $1.26B | $1.23B | $944.0M | $261.0M | $451.0M | $373.4M | $256.2M | $387.0M |
| Income tax | $235.0M | $363.0M | $444.0M | $235.0M | $246.0M | $204.0M | $162.0M | $285.9M | $129.1M | $132.1M |
| Net income | $657.0M | $1.39B | $818.0M | $996.0M | $696.0M | $54.0M | $287.0M | $86.3M | $129.1M | $254.1M |
| EPS, basic | 6.00 | 11.34 | 6.15 | 7.06 | 4.69 | 0.36 | 1.85 | 0.50 | 0.71 | 1.33 |
| EPS, diluted | 5.92 | 11.17 | 6.02 | 6.90 | 4.58 | 0.35 | 1.81 | 0.49 | 0.69 | 1.32 |
| Shares, diluted (wtd. avg.) | $110.9M | $124.3M | $135.9M | $144.4M | $152.1M | $155.3M | $158.6M | $175.0M | $185.8M | $192.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.93B | $2.20B | $1.80B | $1.48B | $1.57B | $1.39B | $1.16B | $1.26B | $1.19B | $912.1M |
| Receivables | — | — | $3.65B | $4.00B | $3.14B | — | — | — | — | — |
| Inventory | $4.68B | $4.28B | $5.21B | $6.13B | $4.41B | $3.13B | $3.02B | $3.46B | $2.94B | $2.46B |
| Total current assets | $13.72B | $12.79B | $14.73B | $13.91B | $10.88B | $9.13B | $8.35B | $7.55B | $6.63B | $5.85B |
| Property, plant and equipment | — | — | — | — | — | $3.67B | $3.33B | $3.20B | $3.23B | $3.33B |
| Goodwill | $841.0M | $661.0M | $621.0M | $704.0M | $715.0M | $697.0M | $622.0M | $627.7M | $608.2M | $594.8M |
| Other intangibles | $273.0M | $143.0M | $142.0M | $158.0M | $182.0M | $210.0M | $256.9M | $279.1M | $284.6M | $297.0M |
| Total assets | $18.54B | $17.35B | $19.42B | $19.72B | $16.65B | $14.40B | $12.97B | $12.05B | $11.10B | $10.32B |
| Accounts payable | $7.94B | $6.19B | $5.68B | $8.01B | $6.84B | $5.69B | $5.17B | $4.94B | $4.26B | $3.59B |
| Short-term debt | $499.0M | $0 | $0 | $300.0M | $0 | $50.0M | $375.2M | $25.2M | $444.3M | $45.8M |
| Total current liabilities | $13.71B | $11.78B | $12.70B | $13.70B | $10.68B | $9.06B | $8.53B | $7.23B | $6.87B | $5.57B |
| Long-term debt | $2.39B | $2.88B | $2.88B | $2.58B | $2.88B | $2.68B | $2.12B | $2.49B | $1.61B | — |
| Total liabilities | $17.03B | $15.61B | $16.56B | $17.27B | $14.52B | $12.57B | $11.07B | $10.08B | $8.73B | $7.87B |
| Retained earnings | $6.38B | $5.76B | $4.41B | $3.64B | $2.69B | $2.04B | $2.04B | $1.76B | $1.73B | $1.66B |
| Total equity | $1.51B | $1.74B | $2.87B | $2.45B | $2.14B | $1.82B | $1.90B | $1.96B | $2.37B | $2.46B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.64B | $1.72B | $1.73B | $1.65B | $1.43B | $1.26B | $1.19B | -$1.11B | -$1.46B | $916.2M |
| Depreciation and amortisation | $674.0M | $696.0M | $924.0M | $925.0M | $876.0M | $795.0M | $772.0M | $773.7M | $760.4M | $696.8M |
| Capital expenditure | $468.0M | $784.0M | $1.03B | $1.39B | $1.16B | $983.0M | $1.00B | $1.04B | $716.5M | $924.2M |
| Investing cash flow | -$714.0M | $1.35B | -$723.0M | -$858.0M | -$851.0M | -$921.0M | -$872.0M | $1.24B | $2.14B | -$1.18B |
| Financing cash flow | -$1.20B | -$2.67B | -$680.0M | -$888.0M | -$413.0M | -$65.0M | -$416.0M | -$47.0M | -$404.5M | $253.5M |
| Dividends paid | $36.0M | $42.0M | $45.0M | $48.0M | $50.0M | $50.0M | $52.0M | $57.8M | $60.0M | $62.4M |
| Buybacks | $1.00B | $2.50B | $487.0M | $696.0M | $428.0M | $215.0M | $350.0M | $450.3M | $306.6M | $148.3M |
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 0001628280-25-045293.
Others in SIC 3672
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| PLXS | PLEXUS CORP | $6.56B | 39.3x | 1.8% |
| BHE | BENCHMARK ELECTRONICS INC | $2.61B | 106.8x | -0.4% |
| CTS | CTS CORP | $1.63B | 26.1x | 5.2% |
| KE | Kimball Electronics, Inc. | $599.9M | 22.2x | -3.7% |