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Electronics manufacturing services provider focused on complex, low-volume products for healthcare, industrial and aerospace/defense.
Electronics manufacturing services provider focused on complex, low-volume products for healthcare, industrial and aerospace/defense.
Builds, tests and services products designed by its customers, from early engineering through volume production and repair, and is paid per unit built, with thin margins that depend on keeping factories full. It focuses on low-volume, high-complexity products in regulated industries, where qualification makes customers reluctant to move. Plants are spread across the Americas, Europe and Asia.
Moat: narrow (customer qualification, process know-how). Specializes in regulated, complex low-volume manufacturing requiring deep qualification.
Headquarters: Neenah, Wisconsin, US · Founded: 1979
Size Plexus (PLXS) is a United States Information Technology company (Electronic Production Equipment) with a market value of $5.12B, the 1167th largest of 3,117 United States companies the cockpit tracks. Shares closed at $192.17 on 6 Nov 2026.
Performance Over six months the shares fell 27.9%, against -19.7% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 23.1% over the last twelve months (peer median +20.6%); the operating margin is 4.9% (peer median 8.2%).
Valuation It trades at 17.9× forward earnings against a peer median of 20.2× (6th cheapest of 19).
Capital Return on invested capital runs 2.8 points above its cost of capital (9.5% WACC).
Short interest Short interest is 3.2% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $4.96B | $4.96B | $4.03B | $3.96B | $4.21B |
| Revenue growth | — | +23% | +2% | -6% | — |
| Gross profit | $543M | $503M | $404M | $383M | $394M |
| EBITDA | $322M | $341M | $282M | $270M | $288M |
| Net income | $202M | $202M | $173M | $112M | $139M |
| Free cash flow | -$30.1M | -$30.1M | $154M | $341M | $61.8M |
| Capital expenditure | $97.1M | $97.1M | $95.3M | $95.2M | $104M |
| Total debt | $292M | $292M | $175M | $294M | $478M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Plexus PLXS | $5.12B | -28% | +23% | 5% | 17.9× | n/a |
| Celestica CLS.TO | $26.3B | -44% | +61% | 9% | 11.5× | 11.0% |
| Jabil JBL | $24.6B | -33% | +21% | 5% | 13.5× | 8.3% |
| Benchmark Electronics BHE | $2.16B | -29% | +13% | 4% | 17.7× | 13.8% |
| Sanmina SANM | $7.22B | -46% | +59% | 5% | 10.7× | 6.8% |
| Flex FLEX | $25.8B | -51% | +18% | 6% | 11.2× | 15.9% |
| Kimball Electronics KE | $462M | -26% | -4% | 4% | 12.1× | 4.0% |
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.
| Measure | PLXS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.5% | -21.4% | 10th lowest of 21 |
| 6-month return | -27.9% | -19.7% | 10th lowest of 21 |
| Distance from 52-week high | -37.4% | -49.6% | 5th highest of 21 |
| Revenue growth (TTM) | +23.1% | +20.6% | 10th highest of 21 |
| Operating margin | 4.9% | 8.2% | 7th lowest of 21 |
| Forward P/E | 17.9× | 20.2× | 6th cheapest of 19 |
| ROIC minus cost of capital | +2.8 pp | +1.1 pp | 7th highest of 21 |
| EV / EBITDA | 15.9× | 13.2× | 5th most expensive of 10 |
| Net debt / EBITDA | 0.0× | -0.1× | 4th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Plexus PLXS | United States | $5.12B | -28% | +23% | 5% | 17.9× | n/a | n/a |
| Asmpt 0522.HK | Hong Kong | $5.02B | -47% | +21% | 9% | 20.4× | 12.1% | -1.3% |
| 3Peak 688536.SS | China | $5.26B | -5% | +74% | 16% | 50.7× | 46.0% | +30.6% |
| Guangdong Fenghua Advanced Technology (Holding) 000636.SZ | China | $5.42B | +26% | +36% | 8% | 45.0× | 28.6% | +5.9% |
| Lagercrantz LAGR-B.ST | Sweden | $4.72B | -6% | +17% | 15% | 30.8× | 20.6% | +21.0% |
| Quectel Wireless Solutions 603236.SS | China | $4.71B | +50% | +30% | 5% | 21.1× | n/a | n/a |
| AAC Technologies 2018.HK | Hong Kong | $5.60B | -4% | +16% | 8% | 13.8× | 1.2% | +12.4% |
| Guobo Electronics 688375.SS | China | $5.61B | -49% | -12% | 13% | 83.0× | 39.7% | +1.4% |
| MDA Space MDA.TO | Canada | $4.65B | -14% | +38% | 5% | 28.1× | n/a | n/a |
| LG Innotek 011070.KS | South Korea | $4.62B | -54% | +20% | 4% | 9.6× | -0.3% | +18.1% |
| Shenzhen Sunlord Electronics 002138.SZ | China | $4.55B | +11% | +20% | 16% | 24.4× | 14.5% | +14.2% |
| JoulWatt Technology 688141.SS | China | $4.44B | -30% | +50% | -28% | n/a | n/a | n/a |
| BYD Electronic 0285.HK | Hong Kong | $6.15B | -24% | +4% | 1% | 19.5× | -0.8% | +18.8% |
| Universal Scientific Industrial (Shanghai) 601231.SS | China | $6.50B | -52% | +4% | 3% | 19.6× | n/a | n/a |
| Universal Display OLED | United States | $3.98B | -4% | -2% | 35% | 19.6× | 14.3% | +8.7% |
| Jones Tech 300684.SZ | China | $3.83B | +20% | +15% | 20% | 45.3× | 42.9% | +9.8% |
| Sanmina SANM | United States | $7.22B | -46% | +59% | 5% | 10.7× | 6.8% | +3.2% |
| Changsha Jingjia Microelectronics 300474.SZ | China | $3.59B | -30% | +50% | -77% | n/a | n/a | n/a |
| Vishay Intertechnology VSH | United States | $3.57B | -32% | +18% | 5% | 13.2× | 18.8% | +4.2% |
| Fositek 6805.TW | Taiwan | $3.50B | -15% | +46% | 27% | 20.0× | 14.7% | +41.1% |
| Advanced Energy Industries AEIS | United States | $7.98B | -45% | +32% | 17% | 11.7× | 17.8% | +4.9% |