PLEXUS CORP PLXS
At Plexus, we help create the products that build a better world. Driven by a passion for excellence, we partner with our customers to design, manufacture and service highly complex products in demanding regulatory environments. From life-saving medical devices and mission-critical aerospace and defense products to industrial automation systems and semiconductor capital equipment, our innovative solutions across the lifecycle of a product converge where advanced technology and human impact intersect. We provide these solutions to market-leading as well as disruptive companies globally in the Aerospace/Defense, Healthcare/Life Sciences, and Industrial market sectors, supported by a global team of over 20,000 members across our 26 facilities in the Americas ("AMER"), Asia-Pacific ("APAC") and Europe, Middle East and Africa ("EMEA") regions.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Malaysia
- United States
- Mexico
- China
- Romania
- Thailand
- United Kingdom
- Other
| Region | FY2025 | FY2024 |
|---|---|---|
| Malaysia | $1.87B | $1.76B |
| United States | $690.9M | $718.6M |
| Mexico | $525.8M | $500.7M |
| China | $413.6M | $384.2M |
| Romania | $333.6M | $424.1M |
| Thailand | $106.8M | $67.3M |
| United Kingdom | $106.1M | $111.2M |
| Other | $12.0K | $2.8M |
As the company reported it, from the “Reportable Segments, Geographic Information and Major Customers - Schedule of Net Sales and Long-Lived Assets (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Apac
- Amer
- Emea
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Apac | $2.39B | $2.21B | $2.36B |
| Amer | $1.22B | $1.22B | $1.47B |
| Emea | $440.0M | $538.1M | $402.4M |
As the company reported it, from the “Reportable Segments, Geographic Information and Major Customers - Schedule of Reportable Segments Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.03B | $3.96B | $4.21B | $3.93B | $3.48B | $3.50B | $3.30B | $2.87B | $2.53B | $2.56B |
| Cost of revenue | $3.63B | $3.58B | $3.82B | $3.46B | $3.05B | $3.08B | $2.87B | $2.62B | $2.27B | $2.33B |
| Gross profit | $406.5M | $378.5M | $394.6M | $347.2M | $323.3M | $312.7M | $291.8M | $257.6M | $255.9M | $227.4M |
| SG&A | $199.5M | $190.5M | $175.6M | $167.0M | $143.8M | $153.3M | $148.1M | $139.3M | $125.9M | $120.9M |
| Operating income | $202.4M | $167.7M | $195.8M | $178.2M | $176.3M | $153.4M | $142.1M | $118.3M | $129.9M | $99.4M |
| Interest expense | $11.6M | $28.9M | $31.5M | $15.9M | $14.3M | $16.2M | $12.9M | $12.2M | $13.6M | $14.6M |
| Pre-tax income | $188.0M | $129.5M | $161.0M | $158.3M | $160.4M | $135.4M | $126.0M | $107.6M | $121.8M | $87.4M |
| Income tax | $15.1M | $17.7M | $21.9M | $20.1M | $21.5M | $17.9M | $17.3M | $94.6M | $9.8M | $11.0M |
| Net income | $172.9M | $111.8M | $139.1M | $138.2M | $138.9M | $117.5M | $108.6M | $13.0M | $112.1M | $76.4M |
| EPS, basic | 6.39 | 4.08 | 5.04 | 4.96 | 4.86 | 4.02 | 3.59 | 0.40 | 3.33 | 2.29 |
| EPS, diluted | 6.26 | 4.01 | 4.95 | 4.86 | 4.76 | 3.93 | 3.50 | 0.38 | 3.24 | 2.24 |
| Shares, diluted (wtd. avg.) | 27.6M | 27.9M | 28.1M | 28.4M | 29.2M | 29.9M | 31.1M | 33.9M | 34.6M | 34.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $306.5M | $345.1M | $256.7M | $275.5M | $270.5M | $387.9M | $226.3M | $297.7M | $569.3M | $433.0M |
| Receivables | $656.6M | $622.4M | $661.5M | $737.7M | $519.7M | $482.1M | $488.3M | $394.8M | $365.5M | $416.9M |
| Inventory | $1.23B | $1.31B | $1.56B | $1.60B | $972.3M | $763.5M | $700.9M | $794.3M | $654.6M | $564.1M |
| Total current assets | $2.40B | $2.48B | $2.67B | $2.82B | $1.93B | $1.78B | $1.54B | $1.52B | $1.62B | $1.43B |
| Property, plant and equipment | $546.1M | $501.1M | $492.0M | $444.7M | $395.1M | $383.7M | $384.2M | $341.3M | $314.7M | $291.2M |
| Other intangibles | — | — | — | — | — | — | — | $8.2M | $0 | — |
| Total assets | $3.14B | $3.15B | $3.32B | $3.39B | $2.46B | $2.29B | $2.00B | $1.93B | $1.98B | $1.77B |
| Accounts payable | $726.6M | $606.4M | $646.6M | $805.6M | $635.0M | $516.3M | $444.9M | $506.3M | $414.0M | $397.2M |
| Total current liabilities | $1.52B | $1.64B | $1.81B | $2.01B | $1.13B | $1.00B | $865.5M | $737.7M | $907.6M | $650.4M |
| Long-term debt | — | — | — | — | — | — | — | — | — | $250.0M |
| Total liabilities | $1.68B | $1.83B | $2.11B | $2.30B | $1.43B | $1.31B | $1.14B | $1.01B | $950.2M | $849.0M |
| Retained earnings | $2.00B | $1.82B | $1.71B | $1.57B | $1.43B | $1.30B | $1.18B | $1.06B | $1.05B | $937.1M |
| Total equity | $1.45B | $1.32B | $1.21B | $1.10B | $1.03B | $977.5M | $865.6M | $921.1M | $1.03B | $916.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $249.2M | $436.5M | $165.8M | -$26.2M | $142.6M | $210.4M | $115.3M | $66.8M | $171.7M | $127.7M |
| Depreciation and amortisation | $77.8M | $77.8M | $69.8M | $62.7M | $61.0M | $56.7M | $52.2M | $48.3M | $45.3M | $47.4M |
| Stock-based compensation | $30.3M | $30.3M | $21.3M | $23.3M | $24.8M | $24.3M | $21.3M | $18.0M | $17.4M | $19.3M |
| Capital expenditure | $95.3M | $95.2M | $104.0M | $101.6M | $57.1M | $50.1M | $90.6M | $62.8M | $38.5M | $31.1M |
| Investing cash flow | -$95.6M | -$94.9M | -$93.3M | -$101.6M | -$57.0M | -$49.9M | -$89.4M | -$74.6M | -$37.8M | -$26.5M |
| Financing cash flow | -$196.4M | -$255.6M | -$92.7M | $139.3M | -$203.9M | -$1.5M | -$97.2M | -$265.5M | $1.3M | -$21.3M |
| Buybacks | $65.3M | $55.7M | $40.9M | $50.4M | $108.5M | $41.4M | $182.1M | $137.0M | $34.1M | $30.0M |
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 0000785786-25-000064.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.56B | $2.53B | $2.87B | $3.30B | $3.50B | $3.48B | $3.93B | $4.21B | $3.96B | $4.03B |
| Gross profit | $227.4M | $255.9M | $257.6M | $291.8M | $312.7M | $323.3M | $347.2M | $394.6M | $378.5M | $406.5M |
| Net income | $76.4M | $112.1M | $13.0M | $108.6M | $117.5M | $138.9M | $138.2M | $139.1M | $111.8M | $172.9M |
Recent filings and events
- 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
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Results announced Item 2.02
- 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
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- 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
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|---|---|---|---|---|
| FLEX | FLEX LTD. | $40.45B | 47.0x | 8.1% |
| CLS | CELESTICA INC | $35.91B | 43.6x | 28.5% |
| JBL | JABIL INC | $32.54B | 52.5x | 3.2% |
| TTMI | TTM TECHNOLOGIES INC | $13.23B | 74.8x | 19.0% |
| SANM | SANMINA CORP | $10.64B | 44.5x | 7.4% |
| 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% |