Who are Foxconn Industrial Internet's main competitors?

Named competitors: Quanta Computer (2382.TW), Wistron Corporation (3231.TW), Inventec (2356.TW), Lenovo Group (0992.HK), Super Micro Computer (SMCI). The cockpit's measured peer set (industry) also includes Xiaomi-w (1810.HK), Motorola Solutions (MSI), Hangzhou Hikvision Digital Technology (002415.SZ), Nokia (NOKIA.HE), Cisco (CSCO), Ubiquiti (UI).

Is Foxconn Industrial Internet expensive compared with its peers?

On forward p/e it trades at 13.1× against a peer median of 21.3×, cheapest of 9 in its peer set.

How has Foxconn Industrial Internet stock performed?

Over six months to 6 Nov 2026 the shares returned -35.3% against -6.0% for the median peer; over one year -36.4%.

← CockpitCompetitor Analysis › 601138.SS Foxconn Industrial Internet Co., Ltd. Class AOpen in the cockpit ↗

Foxconn Industrial Internet Co., Ltd. Class A601138.SSCompetitor analysis, valuation and peers

China · CNY·Information Technology›Telecommunications Equipment

Chinese arm of Foxconn/Hon Hai making cloud servers, networking equipment and precision components for global tech customers.

≈ China's Foxconn-owned Super Micro/JabilMomentum laggard 4

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$120B

US dollars, full cap

Free float

16%

of shares outstanding

$/day

$732M

20-day average traded

Fwd P/E

13.1×

forward earnings

ROIC−WACC

+13.3 pp

WACC 11.5%

Hurdle

n/a

no reverse DCF

Next earnings

131 days

17 Mar 2027

Close · CNYCN¥40.71

1D-8.1%

1W-9.5%

1M-26.9%

3M-27.2%

6M-35.3%

YTD-34.4%

1Y-36.4%

ATR %6.9%

52w lowhigh52.1% off high

What Foxconn Industrial Internet does

Chinese arm of Foxconn/Hon Hai making cloud servers, networking equipment and precision components for global tech customers.

Builds servers and network equipment to customers' designs, so it earns on volume and manufacturing efficiency rather than from its own brands. Its parent, Hon Hai (Foxconn), is both owner and a source of orders; it listed in Shanghai in 2018. AI servers have become the main growth line.

In one line: China's Foxconn-owned Super Micro/Jabil.

Products and services

Cloud computing servers
Communication network equipment
Industrial internet/smart manufacturing
Precision tooling/components

Customers

Global cloud/hyperscale customers
Telecom equipment makers
Parent Foxconn/Hon Hai group

Where it sits in the supply chain

Electronics manufacturing services
Cloud & communication hardware
Servers, networking gear, precision…

What could go right

AI/cloud server capex boom
Diversification beyond consumer electronics assembly

What could go wrong

Thin-margin contract manufacturing model
Customer concentration in a few hyperscalers/Foxconn group

Moat: narrow (scale, customer qualification, installed base). Leverages Foxconn's manufacturing scale and long-standing hyperscaler relationships for server contracts.

Headquarters: Shenzhen, China · Founded: 2015 · Employees: 217,084

Named competitors

Foxconn Industrial Internet at a glance

Size Foxconn Industrial Internet (601138.SS) is a China Information Technology company (Telecommunications Equipment) with a market value of $120B, the 15th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥40.71 on 6 Nov 2026.

Performance Over six months the shares fell 35.3%, against -6.0% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 9 in its peer set.

Growth Revenue grew 59.7% over the last twelve months (peer median +9.2%); the operating margin is 5.3% (peer median 16.7%).

Valuation It trades at 13.1× forward earnings against a peer median of 21.3× (cheapest of 9).

Capital Return on invested capital runs 13.3 points above its cost of capital (11.5% WACC).

Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Foxconn Industrial Internet against the median of its 8 peers (local-currency closes).

Foxconn Industrial Internet financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥1.24T	CN¥902B	CN¥609B	CN¥476B	CN¥512B
Revenue growth	—	+48%	+28%	-7%	—
Gross profit	CN¥95.1B	CN¥61.5B	CN¥42.8B	CN¥37.2B	CN¥35.9B
EBITDA	n/a	CN¥50.7B	CN¥32.2B	CN¥27.5B	CN¥24.1B
Net income	CN¥53.2B	CN¥35.3B	CN¥23.2B	CN¥21.0B	CN¥20.1B
Free cash flow	-CN¥8.57B	-CN¥11.8B	CN¥12.6B	CN¥33.9B	CN¥7.08B
Capital expenditure	CN¥21.3B	CN¥17.2B	CN¥11.3B	CN¥9.19B	CN¥8.09B
Total debt	CN¥128B	CN¥110B	CN¥44.8B	CN¥50.3B	CN¥60.8B

Quarterly statements and history in the cockpit →

Foxconn Industrial Internet competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Foxconn Industrial Internet is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Foxconn Industrial Internet is the large dot.

Foxconn Industrial Internet competitors and peer comparison

Head to head with its named competitors (601138.SS vs 2382.TW vs 3231.TW vs 2356.TW)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Foxconn Industrial Internet 601138.SS	$120B	-35%	+60%	5%	13.1×	n/a
Quanta Computer 2382.TW	$36.0B	-10%	+63%	3%	10.1×	n/a
Wistron 3231.TW	$16.3B	+13%	+107%	4%	8.1×	n/a
Inventec 2356.TW	$5.71B	+12%	+16%	2%	13.2×	n/a
Lenovo 0992.HK	$30.8B	+50%	+26%	5%	8.2×	-15.0%
Supermicro SMCI	$18.9B	-19%	+156%	9%	4.8×	n/a

How Foxconn Industrial Internet compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Foxconn Industrial Internet against its 8 peers (data as of 6 Nov 2026)
Measure	601138.SS	Peer median	Rank in peer set
1-month return	-26.9%	-0.4%	2nd lowest of 9
6-month return	-35.3%	-6.0%	3rd lowest of 9
Distance from 52-week high	-52.1%	-30.3%	3rd lowest of 9
Revenue growth (TTM)	+59.7%	+9.2%	highest of 9
Operating margin	5.3%	16.7%	2nd lowest of 9
Forward P/E	13.1×	21.3×	cheapest of 9
ROIC minus cost of capital	+13.3 pp	+11.0 pp	4th highest of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Foxconn Industrial Internet 601138.SS	China	$120B	-35%	+60%	5%	13.1×	n/a	n/a
Xiaomi-w 1810.HK	Hong Kong	$99.0B	-2%	+6%	3%	27.8×	24.3%	+12.4%
Motorola Solutions MSI	United States	$85.1B	+34%	+10%	25%	27.0×	16.4%	+9.5%
Hangzhou Hikvision Digital Technology 002415.SZ	China	$49.1B	-3%	+8%	19%	17.5×	2.6%	+7.8%
Nokia NOKIA.HE	Finland	$44.3B	-37%	+4%	14%	19.2×	17.4%	-1.9%
Cisco CSCO	United States	$369B	-3%	+12%	25%	18.4×	15.0%	+4.9%
Ubiquiti UI	United States	$35.9B	-30%	+27%	36%	33.5×	22.2%	+11.5%
Telefonaktiebolaget LM Ericsson ERIC-A.ST	Sweden	$34.9B	-9%	-4%	14%	17.3×	-8.7%	+0.4%
Ciena CIEN	United States	$34.5B	-56%	+33%	14%	23.4×	29.0%	+6.2%

Questions

Who are Foxconn Industrial Internet's main competitors?: Named competitors: Quanta Computer (2382.TW), Wistron Corporation (3231.TW), Inventec (2356.TW), Lenovo Group (0992.HK), Super Micro Computer (SMCI). The cockpit's measured peer set (industry) also includes Xiaomi-w (1810.HK), Motorola Solutions (MSI), Hangzhou Hikvision Digital Technology (002415.SZ), Nokia (NOKIA.HE), Cisco (CSCO), Ubiquiti (UI).
Is Foxconn Industrial Internet expensive compared with its peers?: On forward p/e it trades at 13.1× against a peer median of 21.3×, cheapest of 9 in its peer set.
How has Foxconn Industrial Internet stock performed?: Over six months to 6 Nov 2026 the shares returned -35.3% against -6.0% for the median peer; over one year -36.4%.