Fabrinet vs Plexus
Fabrinet reported revenue of $4.6 billion in fiscal 2026, 1.2 times Plexus' $4.0 billion in fiscal 2025. Fabrinet's revenue grew 35.7% in its latest year, and Plexus' grew 1.8%. Fabrinet had an operating margin of 10.0%, against 5.0% at Plexus. Free cash flow was $4 million at Fabrinet and $154 million at Plexus. Their fiscal years end in different months (June 26 and September 27), so the periods don't line up exactly.
Side by side
| Fabrinet | Plexus | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 26, 2026 | FY2025, Sep 27, 2025 |
| Revenue | $4.6B | $4.0B |
| Revenue growth | 35.7% | 1.8% |
| Revenue growth a year, last 5 years | 19.8% | 2.9% |
| Gross margin | 12.0% | 10.1% |
| Operating margin | 10.0% | 5.0% |
| Net margin | 10.2% | 4.3% |
| Free cash flow | $4M | $154M |
| Free cash flow margin | 0.1% | 3.8% |
| Return on capital | 30.0% | — |
| Net debt to EBITDA | −1.6x | — |
| Dividends and buybacks | $5M | $65M |
| Change in diluted share count | −0.0% | −1.1% |
| Last close | $327.13 | $192.17 |
| P/E at the last close | 24.7× | 28.3× |
| Insider trades, last 12 months | sold $17.0 million | sold $22.9 million |
| Piotroski F-score | 5 of 9 | — |
Amounts in each company's own currency, US$ 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
FabrinetPlexus
Operating margin
Percent of revenue
FabrinetPlexus
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
FabrinetPlexus