Plexus (PLXS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PLXS SEC filings page.
Plexus Corp (PLXS) reported $4.6B in revenue over the twelve months to Jul 4, 2026, up 14.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
FY2025 shows Plexus converting nearly flat sales into stronger profits while carrying less balance-sheet pressure and uneven cash conversion.
The unusual quality signal is that net income rose54.6% while operating cash flow fell42.9% , so the profit improvement did not translate proportionally into cash. Operating cash flow still equaled144.2% of net income in FY2025 versus390.4% in FY2024, consistent with a one-year working-capital release beginning to unwind.
Revenue increased
Total liabilities fell
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Plexus Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Plexus Corp has an operating margin of 5.0%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 62/100, indicating healthy but not exceptional operating efficiency. This is up from 4.2% the prior year.
Plexus Corp's revenue grew a modest 1.8% year-over-year to $4.0B. This slow but positive growth earns a score of 23/100.
Plexus Corp's current ratio of 1.58 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.
Plexus Corp has a free cash flow margin of 3.8%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.
Plexus Corp earns a strong 11.9% return on equity (ROE), meaning it generates $12 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 81/100. This is up from 8.4% the prior year.
Plexus Corp scores 4.91, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $6.1B against total liabilities of $1.7B. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Plexus Corp passes 8 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Plexus Corp generates $1.44 in operating cash flow ($249.2M OCF vs $172.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Plexus Corp earns $17.44 in operating income for every $1 of interest expense ($202.4M vs $11.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Plexus Corp generated $1.3B in revenue in Q3 2026. This represents an increase of 28.1% from the same quarter a year earlier. Against the prior quarter it is up 12.1%.
Plexus Corp's EBITDA was $81.2M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.2% from the same quarter a year earlier. Against the prior quarter it is down 1.3%.
Plexus Corp reported $43.0M in net income in Q3 2026. This represents a decrease of 4.7% from the same quarter a year earlier. Against the prior quarter it is down 13.7%.
Plexus Corp earned $1.58 per diluted share (EPS) in Q3 2026. This represents a decrease of 3.7% from the same quarter a year earlier. Against the prior quarter it is down 13.2%.
Cash & Balance Sheet
Plexus Corp recorded an outflow of $754K in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 105.7% from the same quarter a year earlier. Against the prior quarter it is down 104.7%.
Plexus Corp held $314.1M in cash as of Q3 2026; no long-term debt figure is on record for that period.
Not reported for Q3 2026.
Margins & Returns
Plexus Corp's gross margin was 10.1% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.
Plexus Corp's operating margin was 4.7% in Q3 2026, reflecting core business profitability. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.6 percentage points.
Plexus Corp's net profit margin was 3.3% in Q3 2026, showing the share of revenue converted to profit. This is down 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.
Plexus Corp's quarterly ROE was 2.8% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.
Capital Allocation
Plexus Corp spent $20.6M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 11.8% from the same quarter a year earlier. Against the prior quarter it is down 2.0%.
Plexus Corp invested $26.7M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 94.4% from the same quarter a year earlier. Against the prior quarter it is up 114.1%.
Not reported for Q3 2026.
PLXS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B+28.1% | $1.2B+18.7% | $1.1B+9.6% | $1.1B+0.7% | $1.0B+6.0% | $980.2M+1.4% | $976.1M-0.7% | $1.1B+11.2% |
| Cost of Revenue | $1.2B+28.2% | $1.0B+18.4% | $963.7M+10.1% | $953.6M+1.2% | $915.0M+5.6% | $882.4M+0.4% | $875.4M-2.1% | $942.7M+1.7% |
| Gross Profit | $131.4M+27.2% | $119.2M+21.9% | $106.1M+5.4% | $104.8M-2.9% | $103.3M+9.4% | $97.8M+11.0% | $100.7M+14.2% | $107.9M+11.6% |
| SG&A Expenses | $70.1M+41.1% | $57.3M+17.1% | $51.7M+5.1% | $51.7M-4.4% | $49.7M+8.1% | $49.0M+3.0% | $49.1M+14.3% | $54.1M+24.6% |
| Operating Income | $61.3M+14.3% | $61.8M+26.7% | $54.5M+16.2% | $53.1M-1.4% | $53.6M+36.6% | $48.8M+65.6% | $46.9M+3.8% | $53.9M+1.0% |
| EBITDA | $81.2M+9.2% | $82.3M+18.6% | $73.7M+11.2% | $70.2M-4.5% | $74.4M+26.1% | $69.4M+42.1% | $66.3M+3.1% | $73.5M+2.4% |
| Interest Expense | $4.1M+63.5% | $3.4M+9.1% | $2.9M-18.7% | $2.4M-56.7% | $2.5M-66.2% | $3.1M-62.2% | $3.6M-53.3% | $5.6M-31.4% |
| Income Tax | $13.5M+185.1% | $8.1M+35.6% | $9.8M+58.2% | -$1.8M-142.1% | $4.7M-8.6% | $6.0M+118.1% | $6.2M+10.6% | $4.2M-31.7% |
| Net Income | $43.0M-4.7% | $49.8M+27.5% | $41.2M+10.5% | $51.4M+24.8% | $45.1M+79.5% | $39.1M+140.6% | $37.3M+27.6% | $41.2M+2.4% |
| EPS (Basic) | $1.61-3.6% | $1.86+29.2% | $1.54+11.6% | $1.91+26.5% | $1.67+81.5% | $1.44+144.1% | $1.38+30.2% | $1.51+3.4% |
| EPS (Diluted) | $1.58-3.7% | $1.82+29.1% | $1.51+12.7% | $1.87+26.4% | $1.64+80.2% | $1.41+143.1% | $1.34+28.8% | $1.48+2.8% |
| Diluted Shares (Avg) | 27M-0.9% | 27M-1.3% | 27M-1.5% | N/A | 28M-0.8% | 28M-1.0% | 28M-0.9% | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
PLXS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.6B+17.0% | $3.4B+8.9% | $3.2B+3.7% | $3.1B-0.5% | $3.1B-2.1% | $3.1B-5.8% | $3.1B-7.1% | $3.2B-5.0% |
| Current Assets | $2.9B+20.9% | $2.6B+10.1% | $2.5B+2.9% | $2.4B-3.2% | $2.4B-5.7% | $2.4B-8.9% | $2.4B-9.9% | $2.5B-7.3% |
| Cash & Equivalents | $314.1M+32.2% | $303.1M-2.4% | $248.8M-21.5% | $306.5M-11.2% | $237.6M-12.0% | $310.5M+17.2% | $317.2M+36.7% | $345.1M+34.7% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $1.5B+16.4% | $1.4B+7.3% | $1.3B+1.2% | $1.2B-6.2% | $1.3B-10.9% | $1.3B-15.7% | $1.3B-18.1% | $1.3B-16.0% |
| Accounts Receivable | $795.2M+19.8% | $702.3M+15.2% | $679.7M+13.8% | $656.6M+5.5% | $663.5M+3.1% | $609.5M-5.6% | $597.5M-9.0% | $622.4M-5.9% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $2.1B+24.8% | $1.9B+7.9% | $1.7B-2.7% | $1.7B-8.0% | $1.7B-11.4% | $1.7B-14.0% | $1.8B-14.0% | $1.8B-13.2% |
| Current Liabilities | $1.9B+28.3% | $1.7B+9.4% | $1.5B-1.4% | $1.5B-7.6% | $1.5B-12.1% | $1.6B-9.8% | $1.6B-10.2% | $1.6B-9.3% |
| Non-Current Liabilities | $159.1M-6.5% | $158.9M-5.6% | $161.3M-13.7% | $163.8M-11.8% | $170.1M-5.4% | $168.2M-39.9% | $186.9M-36.5% | $185.7M-36.9% |
| Total Equity | $1.5B+7.7% | $1.5B+10.2% | $1.5B+12.3% | $1.5B+9.8% | $1.4B+12.1% | $1.4B+7.3% | $1.3B+4.1% | $1.3B+9.1% |
| Retained Earnings | $2.1B+9.5% | $2.1B+9.9% | $2.0B+9.5% | $2.0B+9.5% | $1.9B+9.1% | $1.9B+8.1% | $1.9B+6.9% | $1.8B+6.5% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
PLXS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $25.9M-3.6% | $28.5M-22.4% | -$15.4M-128.7% | $132.0M-40.0% | $26.9M-79.6% | $36.7M-58.2% | $53.6Mn/m | $220.1M+145.0% |
| Depreciation & Amortization | $19.9M-3.9% | $20.5M-0.7% | $19.2M-0.9% | $19.3M-1.6% | $20.7M+5.1% | $20.6M+6.3% | $19.4M+1.4% | $19.6M+6.6% |
| Stock-Based Compensation | $20.5M+166.2% | $7.9M+11.3% | $7.8M+11.1% | N/A | $7.7M+6.9% | $7.1M0.0% | $7.0M+35.0% | N/A |
| Capital Expenditures | $26.7M+94.4% | $12.5M-38.3% | $35.2M+32.7% | $34.8M+32.4% | $13.7M-21.0% | $20.2M-11.6% | $26.5M-7.4% | $26.3M+8.5% |
| Free Cash Flow | -$754K-105.7% | $16.0M-3.0% | -$50.6M-286.6% | $97.2M-49.9% | $13.2M-88.5% | $16.5M-74.6% | $27.1Mn/m | $193.8M+195.5% |
| Investing Cash Flow | -$26.9Mn/m | -$12.5Mn/m | -$35.1Mn/m | -$34.8Mn/m | -$14.1Mn/m | -$20.3Mn/m | -$26.5Mn/m | -$26.2Mn/m |
| Financing Cash Flow | $12.4Mn/m | $37.8Mn/m | -$8.0Mn/m | -$28.1Mn/m | -$90.2Mn/m | -$25.3Mn/m | -$52.8M-1015.5% | -$121.3Mn/m |
| Share Buybacks | $20.6M+11.8% | $21.0M+67.7% | $22.4M+74.6% | $21.5M+10.2% | $18.4M-0.7% | $12.5M-28.6% | $12.8Mn/m | $19.5M+455.9% |
Not reported in any period shown, so not listed: Dividends Paid.
PLXS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.1%-0.1pp | 10.2%+0.3pp | 9.9%-0.4pp | 9.9%-0.4pp | 10.1%+0.3pp | 10.0%+0.9pp | 10.3%+1.3pp | 10.3%0.0pp |
| Operating Margin | 4.7%-0.6pp | 5.3%+0.3pp | 5.1%+0.3pp | 5.0%-0.1pp | 5.3%+1.2pp | 5.0%+1.9pp | 4.8%+0.2pp | 5.1%-0.5pp |
| Net Margin | 3.3%-1.1pp | 4.3%+0.3pp | 3.9%0.0pp | 4.9%+0.9pp | 4.4%+1.8pp | 4.0%+2.3pp | 3.8%+0.8pp | 3.9%-0.3pp |
| Return on Equity | 2.8%-0.4pp | 3.3%+0.5pp | 2.8%-0.1pp | 3.5%+0.4pp | 3.2%+1.2pp | 2.9%+1.6pp | 2.8%+0.5pp | 3.1%-0.2pp |
| Return on Assets | 1.2%-0.3pp | 1.5%+0.2pp | 1.3%+0.1pp | 1.6%+0.3pp | 1.5%+0.7pp | 1.3%+0.8pp | 1.2%+0.3pp | 1.3%+0.1pp |
| Current Ratio | 1.49-0.1x | 1.540.0x | 1.59+0.1x | 1.58+0.1x | 1.58+0.1x | 1.530.0x | 1.530.0x | 1.510.0x |
| Liabilities-to-Equity | 1.38+0.2x | 1.260.0x | 1.15-0.2x | 1.16-0.2x | 1.19-0.3x | 1.28-0.3x | 1.33-0.3x | 1.38-0.4x |
| Asset Turnover | 0.360.0x | 0.350.0x | 0.340.0x | 0.340.0x | 0.330.0x | 0.320.0x | 0.320.0x | 0.330.0x |
| FCF Margin | -0.1%-1.4pp | 1.4%-0.3pp | -4.7%-7.5pp | 9.2%-9.3pp | 1.3%-10.6pp | 1.7%-5.0pp | 2.8%+6.0pp | 18.4%+11.5pp |
Not reported in any period shown, so not listed: Debt-to-Equity.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Plexus Corp PLXS | FY2025 | $4.0B | $172.9M | 4.3% | $6.1B | 50/100 |
| OSI Systems Inc OSIS | FY2026 | $1.8B | $154.7M | 8.7% | $3.2B | 62/100 |
| TTM Technologies Inc TTMI | FY2025 | $2.9B | $177.4M | 6.1% | $9.1B | 52/100 |
| Sanmina Corp SANM | FY2025 | $8.1B | $245.9M | 3.0% | $9.1B | 57/100 |
| Vicor Corp VICR | FY2025 | $452.7M | $118.6M | 26.2% | $9.8B | 72/100 |
| Littelfuse Inc LFUS | FY2025 | $2.4B | -$71.7M | -3.0% | $9.7B | 55/100 |
Where Plexus Corp Ranks
Frequently Asked Questions
What is Plexus Corp's annual revenue?
Plexus Corp (PLXS) reported $4.0B in total revenue for fiscal year 2025. This represents a 1.8% 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 Plexus Corp's revenue growing?
Plexus Corp (PLXS) revenue grew by 1.8% year-over-year, from $4.0B to $4.0B in fiscal year 2025.
Is Plexus Corp profitable?
Yes, Plexus Corp (PLXS) reported a net income of $185.4M over the trailing 12 months to July 4, 2026. In fiscal year 2025 it reported a net income of $172.9M, with a net profit margin of 4.3%.
What is Plexus Corp's EBITDA?
Plexus Corp (PLXS) had EBITDA of $280.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Plexus Corp's gross margin?
Plexus Corp (PLXS) had a gross margin of 10.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Plexus Corp's operating margin?
Plexus Corp (PLXS) had an operating margin of 5.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Plexus Corp's net profit margin?
Plexus Corp (PLXS) had a net profit margin of 4.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Plexus Corp's return on equity (ROE)?
Plexus Corp (PLXS) has a return on equity of 11.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Plexus Corp's free cash flow?
Plexus Corp (PLXS) generated $154.0M in free cash flow during fiscal year 2025. This represents a -54.9% 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 Plexus Corp's operating cash flow?
Plexus Corp (PLXS) generated $249.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Plexus Corp's total assets?
Plexus Corp (PLXS) had $3.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Plexus Corp's capital expenditures?
Plexus Corp (PLXS) invested $95.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Plexus Corp's current ratio?
Plexus Corp (PLXS) had a current ratio of 1.58 as of fiscal year 2025, which is generally considered healthy.
What is Plexus Corp's liabilities-to-equity ratio?
Plexus Corp (PLXS) had a liabilities-to-equity ratio of 1.16 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Plexus Corp's return on assets (ROA)?
Plexus Corp (PLXS) had a return on assets of 5.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Plexus Corp's P/E ratio?
Plexus Corp (PLXS) trades at 33.1x earnings, its market capitalization divided by $185.4M net income, trailing 12 months to July 4, 2026. The market capitalization is $6.1B as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Plexus Corp's price-to-sales ratio?
Plexus Corp (PLXS) trades at 1.3x sales, its market capitalization divided by $4.6B revenue, trailing 12 months to July 4, 2026. The market capitalization is $6.1B as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Plexus Corp's Altman Z-Score?
Plexus Corp (PLXS) has an Altman Z-Score of 4.91, 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 Plexus Corp's Piotroski F-Score?
Plexus Corp (PLXS) has a Piotroski F-Score of 8 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Plexus Corp's earnings high quality?
Plexus Corp (PLXS) has an earnings quality ratio of 1.44x, considered cash-backed (high 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.
Can Plexus Corp cover its interest payments?
Plexus Corp (PLXS) has an interest coverage ratio of 17.44x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Plexus Corp?
Plexus Corp (PLXS) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.