Celestica vs Sanmina
Celestica reported revenue of $12.4 billion in fiscal 2025, 1.5 times Sanmina's $8.1 billion in fiscal 2025. Celestica's revenue grew 28.5% in its latest year, and Sanmina's grew 7.4%. Celestica had an operating margin of 8.4%, against 4.4% at Sanmina. Free cash flow was $458 million at Celestica and $473 million at Sanmina. Their fiscal years end in different months (December 31 and September 27), so the periods don't line up exactly.
Side by side
| Celestica | Sanmina | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Sep 27, 2025 |
| Revenue | $12.4B | $8.1B |
| Revenue growth | 28.5% | 7.4% |
| Revenue growth a year, last 5 years | 16.6% | 3.2% |
| Gross margin | 12.1% | 8.8% |
| Operating margin | 8.4% | 4.4% |
| Net margin | 6.7% | 3.0% |
| Free cash flow | $458M | $473M |
| Free cash flow margin | 3.7% | 5.8% |
| Return on capital | 37.8% | 14.2% |
| Net debt to EBITDA | 0.1x | −1.4x |
| Dividends and buybacks | $153M | $0M |
| Change in diluted share count | −2.1% | −3.1% |
| Last close | $246.65 | $161.34 |
| P/E at the last close | 23.4× | 28.9× |
| Insider trades, last 12 months | bought $2.1 million, sold $254.1 million | bought $99,722, sold $43.0 million |
| Piotroski F-score | 7 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
CelesticaSanmina
Operating margin
Percent of revenue
CelesticaSanmina
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CelesticaSanmina
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Celestica and Sanmina pages.