Plexus vs Sanmina
Sanmina reported revenue of $8.1 billion in fiscal 2025, 2.0 times Plexus' $4.0 billion in fiscal 2025. Plexus' revenue grew 1.8% in its latest year, and Sanmina's grew 7.4%. Plexus had an operating margin of 5.0%, against 4.4% at Sanmina. Free cash flow was $154 million at Plexus and $473 million at Sanmina.
Side by side
| Plexus | Sanmina | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 27, 2025 | FY2025, Sep 27, 2025 |
| Revenue | $4.0B | $8.1B |
| Revenue growth | 1.8% | 7.4% |
| Revenue growth a year, last 5 years | 2.9% | 3.2% |
| Gross margin | 10.1% | 8.8% |
| Operating margin | 5.0% | 4.4% |
| Net margin | 4.3% | 3.0% |
| Free cash flow | $154M | $473M |
| Free cash flow margin | 3.8% | 5.8% |
| Return on capital | — | 14.2% |
| Net debt to EBITDA | — | −1.4x |
| Dividends and buybacks | $65M | $0M |
| Change in diluted share count | −1.1% | −3.1% |
| Last close | $192.17 | $134.68 |
| P/E at the last close | 28.3× | 24.1× |
| Insider trades, last 12 months | sold $22.9 million | bought $99,722, sold $43.0 million |
| Piotroski F-score | — | 8 of 9 |
Amounts in each company's own currency, US$ 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
PlexusSanmina
Operating margin
Percent of revenue
PlexusSanmina
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
PlexusSanmina