Fabrinet Financials
This page shows Fabrinet (FN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Fabrinet has an operating margin of 9.5%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 47/100, indicating healthy but not exceptional operating efficiency. This is down from 9.6% the prior year.
Fabrinet's revenue surged 18.6% year-over-year to $3.4B, reflecting rapid business expansion. This strong growth earns a score of 82/100.
Fabrinet carries a low D/E ratio of 0.43, meaning only $0.43 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.00, Fabrinet holds $3.00 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Fabrinet has a free cash flow margin of 6.1%, earning a moderate score of 30/100. The company generates positive cash flow after capital investments, but with room for improvement.
Fabrinet earns a strong 16.8% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 67/100. This is down from 17.0% the prior year.
Fabrinet scores 18.89, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($22.1B) relative to total liabilities ($849.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Fabrinet passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Fabrinet generates $0.99 in operating cash flow ($328.4M OCF vs $332.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Fabrinet generated $3.4B in revenue in fiscal year 2025. This represents an increase of 18.6% from the prior year.
Fabrinet's EBITDA was $377.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 15.7% from the prior year.
Fabrinet generated $207.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 43.3% from the prior year.
Fabrinet reported $332.5M in net income in fiscal year 2025. This represents an increase of 12.3% from the prior year.
Fabrinet earned $9.17 per diluted share (EPS) in fiscal year 2025. This represents an increase of 13.2% from the prior year.
Fabrinet held $306.4M in cash against $0 in long-term debt as of fiscal year 2025.
Fabrinet had 36M shares outstanding in fiscal year 2025. This represents a decrease of 1.2% from the prior year.
Fabrinet's gross margin was 12.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.
Fabrinet's operating margin was 9.5% in fiscal year 2025, reflecting core business profitability. This is down 0.1 percentage points from the prior year.
Fabrinet's net profit margin was 9.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.
Fabrinet's ROE was 16.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the prior year.
Fabrinet spent $125.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 218.4% from the prior year.
Fabrinet invested $121.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 154.8% from the prior year.
FN Income Statement
| Metric | Q2'26 | Q1'26 | Q2'25 | Q3'25 |
|---|---|---|---|---|
| Revenue | $1.1B+15.8% | $978.1M+141.4% | $405.1M-53.5% | $871.8M |
| Cost of Revenue | $995.2M+15.5% | $861.7M | N/A | $769.6M |
| Gross Profit | $137.7M+18.2% | $116.4M+149.7% | $46.6M-54.4% | $102.2M |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | $23.3M+4.7% | $22.2M | N/A | $22.1M |
| Operating Income | $114.4M+21.5% | $94.2M | N/A | $78.9M |
| Interest Expense | $0 | $0 | N/A | $0 |
| Income Tax | $7.1M+29.0% | $5.5M | N/A | $5.0M |
| Net Income | $112.6M+17.4% | $95.9M+242.3% | $28.0M-65.5% | $81.3M |
| EPS (Diluted) | $3.11+16.9% | $2.66+254.7% | $0.75-66.7% | $2.25 |
FN Balance Sheet
| Metric | Q2'26 | Q1'26 | Q2'25 | Q3'25 |
|---|---|---|---|---|
| Total Assets | $3.3B+8.6% | $3.0B+6.3% | $2.8B+8.1% | $2.6B |
| Current Assets | $2.8B+8.4% | $2.6B+5.4% | $2.4B+8.2% | $2.2B |
| Cash & Equivalents | $319.9M+4.9% | $305.0M-0.5% | $306.4M-0.2% | $306.9M |
| Inventory | $798.9M+10.6% | $722.2M+24.3% | $581.0M+9.3% | $531.3M |
| Accounts Receivable | $801.7M+13.4% | $706.9M-6.8% | $758.9M+15.3% | $658.3M |
| Goodwill | $3.8M+5.4% | $3.6M-2.8% | $3.7M+3.8% | $3.6M |
| Total Liabilities | $1.1B+14.4% | $947.6M+11.5% | $849.6M+19.3% | $712.1M |
| Current Liabilities | $1.0B+14.5% | $905.5M+11.8% | $809.8M+20.0% | $675.0M |
| Long-Term Debt | $6.1M-33.3% | $9.1M | $0-100.0% | $3.0M |
| Total Equity | $2.2B+6.0% | $2.1B+4.0% | $2.0B+3.9% | $1.9B |
| Retained Earnings | $2.3B+5.1% | $2.2B+4.6% | $2.1B+4.3% | $2.0B |
FN Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q2'25 | Q3'25 |
|---|---|---|---|---|
| Operating Cash Flow | $46.3M-54.9% | $102.6M+86.2% | $55.1M-25.7% | $74.2M |
| Capital Expenditures | $51.6M+14.0% | $45.3M-10.2% | $50.4M+76.8% | $28.5M |
| Free Cash Flow | -$5.3M-109.3% | $57.3M+1123.6% | $4.7M-89.7% | $45.7M |
| Investing Cash Flow | -$25.2M+68.9% | -$81.0M-144.1% | -$33.2M+75.8% | -$137.1M |
| Financing Cash Flow | -$5.7M+75.0% | -$23.0M-1.5% | -$22.6M+35.3% | -$35.0M |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | $4.8M+1695.5% | $268K-98.8% | $22.3M-36.0% | $34.8M |
FN Financial Ratios
| Metric | Q2'26 | Q1'26 | Q2'25 | Q3'25 |
|---|---|---|---|---|
| Gross Margin | 12.2%+0.3pp | 11.9%+0.4pp | 11.5%-0.2pp | 11.7% |
| Operating Margin | 10.1%+0.5pp | 9.6% | N/A | 9.0% |
| Net Margin | 9.9%+0.1pp | 9.8%+2.9pp | 6.9%-2.4pp | 9.3% |
| Return on Equity | 5.2%+0.5pp | 4.7%+1.8pp | 2.9%-1.4pp | 4.3% |
| Return on Assets | 3.5%+0.3pp | 3.2%+1.2pp | 2.0%-1.1pp | 3.1% |
| Current Ratio | 2.68-0.2 | 2.83-0.2 | 3.00-0.3 | 3.32 |
| Debt-to-Equity | 0.50+0.0 | 0.46+0.0 | 0.43+0.1 | 0.37 |
| FCF Margin | -0.5%-6.3pp | 5.9%-1.9pp | 7.7%+2.5pp | 5.2% |
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Frequently Asked Questions
What is Fabrinet's annual revenue?
Fabrinet (FN) reported $3.4B in total revenue for fiscal year 2025. This represents a 18.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fabrinet's revenue growing?
Fabrinet (FN) revenue grew by 18.6% year-over-year, from $2.9B to $3.4B in fiscal year 2025.
Is Fabrinet profitable?
Yes, Fabrinet (FN) reported a net income of $332.5M in fiscal year 2025, with a net profit margin of 9.7%.
What is Fabrinet's earnings per share (EPS)?
Fabrinet (FN) reported diluted earnings per share of $9.17 for fiscal year 2025. This represents a 13.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Fabrinet's EBITDA?
Fabrinet (FN) had EBITDA of $377.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Fabrinet's gross margin?
Fabrinet (FN) had a gross margin of 12.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fabrinet's operating margin?
Fabrinet (FN) had an operating margin of 9.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Fabrinet's net profit margin?
Fabrinet (FN) had a net profit margin of 9.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Fabrinet's return on equity (ROE)?
Fabrinet (FN) has a return on equity of 16.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Fabrinet's free cash flow?
Fabrinet (FN) generated $207.3M in free cash flow during fiscal year 2025. This represents a -43.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fabrinet's operating cash flow?
Fabrinet (FN) generated $328.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Fabrinet's total assets?
Fabrinet (FN) had $2.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Fabrinet's capital expenditures?
Fabrinet (FN) invested $121.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Fabrinet buy back shares?
Yes, Fabrinet (FN) spent $125.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Fabrinet have outstanding?
Fabrinet (FN) had 36M shares outstanding as of fiscal year 2025.
What is Fabrinet's current ratio?
Fabrinet (FN) had a current ratio of 3.00 as of fiscal year 2025, which is generally considered healthy.
What is Fabrinet's debt-to-equity ratio?
Fabrinet (FN) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fabrinet's return on assets (ROA)?
Fabrinet (FN) had a return on assets of 11.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fabrinet's Altman Z-Score?
Fabrinet (FN) has an Altman Z-Score of 18.89, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Fabrinet's Piotroski F-Score?
Fabrinet (FN) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fabrinet's earnings high quality?
Fabrinet (FN) has an earnings quality ratio of 0.99x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Fabrinet?
Fabrinet (FN) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.