Sanmina Corporat Financials
This page shows Sanmina Corporat (SANM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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
Sanmina Corporat has an operating margin of 4.4%, meaning the company retains $4 of operating profit per $100 of revenue. This below-average margin results in a low score of 22/100, suggesting thin profitability after operating expenses. This is up from 4.4% the prior year.
Sanmina Corporat's revenue grew 7.4% year-over-year to $8.1B, a solid pace of expansion. This earns a growth score of 50/100.
Sanmina Corporat carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Sanmina Corporat's current ratio of 1.72 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.
Sanmina Corporat's free cash flow margin of 5.8% results in a low score of 29/100. Capital expenditures of $147.4M absorb a large share of operating cash flow.
Sanmina Corporat's ROE of 9.7% shows moderate profitability relative to equity, earning a score of 39/100. This is up from 9.4% the prior year.
Sanmina Corporat scores 2.88, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($8.1B) relative to total liabilities ($3.3B). This signals moderate financial risk that warrants monitoring.
Sanmina Corporat passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Sanmina Corporat generates $2.52 in operating cash flow ($620.7M OCF vs $245.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Sanmina Corporat earns $17.6 in operating income for every $1 of interest expense ($354.6M vs $20.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Sanmina Corporat generated $8.1B in revenue in fiscal year 2025. This represents an increase of 7.4% from the prior year.
Sanmina Corporat's EBITDA was $474.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.5% from the prior year.
Sanmina Corporat generated $473.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 106.7% from the prior year.
Sanmina Corporat reported $245.9M in net income in fiscal year 2025. This represents an increase of 10.5% from the prior year.
Sanmina Corporat earned $4.46 per diluted share (EPS) in fiscal year 2025. This represents an increase of 14.1% from the prior year.
Sanmina Corporat held $926.3M in cash against $283.0M in long-term debt as of fiscal year 2025.
Sanmina Corporat had 55M shares outstanding in fiscal year 2025. This represents an increase of 1.2% from the prior year.
Sanmina Corporat's gross margin was 8.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.
Sanmina Corporat's operating margin was 4.4% in fiscal year 2025, reflecting core business profitability. This is down 0.1 percentage points from the prior year.
Sanmina Corporat's net profit margin was 3.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.
Sanmina Corporat's ROE was 9.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the prior year.
Sanmina Corporat invested $31.1M in research and development in fiscal year 2025. This represents an increase of 9.0% from the prior year.
Sanmina Corporat invested $147.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 32.5% from the prior year.
SANM Income Statement
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q3'23 | Q2'23 | Q3'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2B | N/A | $2.0B+2.9% | $2.0B-10.1% | $2.2B-4.9% | $2.3B+4.3% | $2.2B+26.7% | $1.8B |
| Cost of Revenue | $2.9B | N/A | $1.9B+2.9% | $1.8B-10.7% | $2.0B-4.9% | $2.1B | N/A | $1.6B |
| Gross Profit | $242.4M | N/A | $181.1M+2.7% | $176.2M-3.8% | $183.2M-4.2% | $191.2M+11.0% | $172.2M+21.9% | $141.3M |
| R&D Expenses | $8.7M | N/A | $8.1M+10.4% | $7.3M+8.9% | $6.7M+5.1% | $6.4M | N/A | $4.8M |
| SG&A Expenses | $114.9M | N/A | $69.5M-8.9% | $76.3M+10.9% | $68.8M+8.6% | $63.4M | N/A | $61.5M |
| Operating Income | $73.6M | N/A | $95.9M+4.7% | $91.6M-14.7% | $107.4M-11.0% | $120.6M+16.7% | $103.3M+32.1% | $78.2M |
| Interest Expense | $24.7M | N/A | $5.0M0.0% | $5.0M-50.5% | $10.1M+8.4% | $9.3M | N/A | $4.9M |
| Income Tax | $9.8M | N/A | $18.5M+3.5% | $17.9M+3.6% | $17.3M-33.0% | $25.8M | N/A | $19.6M |
| Net Income | $49.3M | N/A | $68.6M+6.9% | $64.2M-16.1% | $76.5M-3.9% | $79.6M+36.4% | $58.4M+3.9% | $56.2M |
| EPS (Diluted) | $0.89 | N/A | $1.26+8.6% | $1.16-9.4% | $1.28-3.8% | $1.33+35.7% | $0.98+15.3% | $0.85 |
SANM Balance Sheet
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q3'23 | Q2'23 | Q3'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.8B+67.3% | $5.9B+12.2% | $5.2B+5.1% | $5.0B+0.2% | $5.0B-1.4% | $5.0B+4.0% | $4.8B+7.3% | $4.5B |
| Current Assets | $7.9B+61.4% | $4.9B+13.1% | $4.3B+5.8% | $4.1B+2.9% | $4.0B-2.0% | $4.0B+3.7% | $3.9B+8.5% | $3.6B |
| Cash & Equivalents | $1.4B+52.8% | $926.3M+16.1% | $797.9M+23.3% | $647.1M-1.4% | $656.6M-8.6% | $718.2M+35.5% | $529.9M-15.6% | $627.7M |
| Inventory | $3.1B+53.5% | $2.0B+25.1% | $1.6B+2.7% | $1.5B+4.0% | $1.5B-4.1% | $1.6B-7.8% | $1.7B+34.3% | $1.3B |
| Accounts Receivable | $931.0M-7.0% | $1.0B-1.6% | $1.0B+9.5% | $928.9M-10.9% | $1.0B+8.0% | $965.2M-4.8% | $1.0B+1.1% | $1.0B |
| Goodwill | $306.7M+909.3% | $30.4M | N/A | N/A | N/A | $30.8M-47.9% | $59.1M | N/A |
| Total Liabilities | $7.1B+115.1% | $3.3B+20.8% | $2.7B+6.8% | $2.6B-4.5% | $2.7B-4.2% | $2.8B-6.8% | $3.0B+13.7% | $2.7B |
| Current Liabilities | $4.6B+63.6% | $2.8B+25.5% | $2.2B+8.4% | $2.1B-3.9% | $2.2B-4.3% | $2.3B-8.8% | $2.5B+17.9% | $2.1B |
| Long-Term Debt | $2.0B+606.3% | $283.0M-1.5% | $287.2M-1.4% | $291.4M-7.9% | $316.6M-1.3% | $320.8M-2.6% | $329.2M+7.2% | $307.2M |
| Total Equity | $2.7B+4.8% | $2.5B+2.6% | $2.5B+3.3% | $2.4B+5.7% | $2.3B+2.2% | $2.2B+21.9% | $1.8B-1.8% | $1.9B |
| Retained Earnings | N/A | -$2.5B | N/A | N/A | N/A | N/A | -$3.2B | N/A |
SANM Cash Flow Statement
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q3'23 | Q2'23 | Q3'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $178.7M-10.2% | $199.1M-0.8% | $200.8M+28.0% | $156.9M+177.6% | $56.5M-12.5% | $64.6M-21.1% | $81.9M+19.9% | $68.3M |
| Capital Expenditures | $86.8M+39.0% | $62.5M+68.4% | $37.1M+20.8% | $30.7M-41.1% | $52.2M-17.1% | $62.9M+30.4% | $48.2M+90.1% | $25.4M |
| Free Cash Flow | $91.9M-32.7% | $136.6M-16.5% | $163.7M+29.8% | $126.1M+2805.3% | $4.3M+163.2% | $1.6M-95.1% | $33.7M-21.6% | $42.9M |
| Investing Cash Flow | -$1.4B-2188.9% | -$62.6M-91.8% | -$32.7M-855.8% | $4.3M+108.2% | -$52.7M+17.9% | -$64.2M-32.4% | -$48.5M-179.1% | -$17.4M |
| Financing Cash Flow | $1.8B+21451.1% | -$8.2M+56.2% | -$18.8M+84.1% | -$118.0M-81.6% | -$65.0M-266.2% | -$17.8M-490.2% | $4.5M+106.3% | -$72.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $8.0M | $0-100.0% | $18.1M-72.0% | $64.5M-48.2% | $124.4M+821.9% | $13.5M-44.6% | $24.3M-64.6% | $68.8M |
SANM Financial Ratios
| Metric | Q1'26 | Q1'25 | Q3'25 | Q2'25 | Q3'23 | Q2'23 | Q3'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.6% | N/A | 8.9%-0.0pp | 8.9%+0.6pp | 8.3%+0.1pp | 8.2%+0.5pp | 7.7%-0.3pp | 8.1% |
| Operating Margin | 2.3% | N/A | 4.7%+0.1pp | 4.6%-0.2pp | 4.9%-0.3pp | 5.2%+0.5pp | 4.7%+0.2pp | 4.5% |
| Net Margin | 1.6% | N/A | 3.4%+0.1pp | 3.2%-0.2pp | 3.5%+0.0pp | 3.4%+0.8pp | 2.6%-0.6pp | 3.2% |
| Return on Equity | 1.8% | N/A | 2.8%+0.1pp | 2.7%-0.7pp | 3.4%-0.2pp | 3.6%+0.4pp | 3.2%+0.2pp | 3.0% |
| Return on Assets | 0.5% | N/A | 1.3%+0.0pp | 1.3%-0.3pp | 1.5%-0.0pp | 1.6%+0.4pp | 1.2%-0.0pp | 1.3% |
| Current Ratio | 1.70-0.0 | 1.72-0.2 | 1.91-0.0 | 1.96+0.1 | 1.83+0.0 | 1.79+0.2 | 1.57-0.1 | 1.71 |
| Debt-to-Equity | 0.75+0.6 | 0.110.0 | 0.120.0 | 0.12-0.0 | 0.140.0 | 0.14-0.0 | 0.18+0.0 | 0.17 |
| FCF Margin | 2.9% | N/A | 8.0%+1.7pp | 6.4%+6.2pp | 0.2%+0.1pp | 0.1%-1.4pp | 1.5%-0.9pp | 2.4% |
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Frequently Asked Questions
What is Sanmina Corporat's annual revenue?
Sanmina Corporat (SANM) reported $8.1B in total revenue for fiscal year 2025. This represents a 7.4% 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 Sanmina Corporat's revenue growing?
Sanmina Corporat (SANM) revenue grew by 7.4% year-over-year, from $7.6B to $8.1B in fiscal year 2025.
Is Sanmina Corporat profitable?
Yes, Sanmina Corporat (SANM) reported a net income of $245.9M in fiscal year 2025, with a net profit margin of 3.0%.
What is Sanmina Corporat's earnings per share (EPS)?
Sanmina Corporat (SANM) reported diluted earnings per share of $4.46 for fiscal year 2025. This represents a 14.1% 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 Sanmina Corporat's EBITDA?
Sanmina Corporat (SANM) had EBITDA of $474.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Sanmina Corporat have?
As of fiscal year 2025, Sanmina Corporat (SANM) had $926.3M in cash and equivalents against $283.0M in long-term debt.
What is Sanmina Corporat's gross margin?
Sanmina Corporat (SANM) had a gross margin of 8.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Sanmina Corporat's operating margin?
Sanmina Corporat (SANM) had an operating margin of 4.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Sanmina Corporat's net profit margin?
Sanmina Corporat (SANM) had a net profit margin of 3.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Sanmina Corporat's return on equity (ROE)?
Sanmina Corporat (SANM) has a return on equity of 9.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Sanmina Corporat's free cash flow?
Sanmina Corporat (SANM) generated $473.3M in free cash flow during fiscal year 2025. This represents a 106.7% 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 Sanmina Corporat's operating cash flow?
Sanmina Corporat (SANM) generated $620.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Sanmina Corporat's total assets?
Sanmina Corporat (SANM) had $5.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Sanmina Corporat's capital expenditures?
Sanmina Corporat (SANM) invested $147.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Sanmina Corporat spend on research and development?
Sanmina Corporat (SANM) invested $31.1M in research and development during fiscal year 2025.
How many shares does Sanmina Corporat have outstanding?
Sanmina Corporat (SANM) had 55M shares outstanding as of fiscal year 2025.
What is Sanmina Corporat's current ratio?
Sanmina Corporat (SANM) had a current ratio of 1.72 as of fiscal year 2025, which is generally considered healthy.
What is Sanmina Corporat's debt-to-equity ratio?
Sanmina Corporat (SANM) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sanmina Corporat's return on assets (ROA)?
Sanmina Corporat (SANM) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Sanmina Corporat's Altman Z-Score?
Sanmina Corporat (SANM) has an Altman Z-Score of 2.88, placing it in the Grey Zone (moderate 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 Sanmina Corporat's Piotroski F-Score?
Sanmina Corporat (SANM) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Sanmina Corporat's earnings high quality?
Sanmina Corporat (SANM) has an earnings quality ratio of 2.52x, 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 Sanmina Corporat cover its interest payments?
Sanmina Corporat (SANM) has an interest coverage ratio of 17.6x, 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 Sanmina Corporat?
Sanmina Corporat (SANM) scores 48 out of 100 on our Financial Profile, indicating moderate 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.