PLXS
PLEXUS CORP
Next earnings Jul 21, 2026 · consensus $2.17 EPS, $1.24B rev
Last earnings +1.7% on 2026-04-29
$287.44
▼ -3.15%$287.44▲ +114.98%
over 1Y
L $118.29EODHDH $303.82
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-3.2%
1W-5.4%
1M+7.1%
3M+44.3%
YTD+88.8%
1Y+115.0%
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 12 analysts
Buy
Plexus grew EPS 56% on better mix and buybacks, but a 47.9x P/E is steep for a thin-margin EMS with flat revenue.
Net income $173M · FY2025
The read
Middling fundamentals and a rich price (~17% above fair value) leave little margin of safety — a wait-and-see.
Plexus is a high-complexity contract electronics manufacturer (EMS) serving regulated, high-mix end markets (healthcare, aerospace/defense, industrial). FY2025 earnings quality improved meaningfully: net income jumped 54.6% to $173M and diluted EPS rose 56.1% to $6.26, well ahead of the modest 1.8% revenue growth to $4.03B. The outperformance came from margin expansion — gross margin reached 10.1%, operating income grew 20.7% to $202M (5.0% operating margin) — plus a 1.2% reduction in share count from $65.3M of buybacks. After a flat FY2021-2024 stretch around $112M-$139M net income, the FY2025 step-up shows mix and operational discipline paying off.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $3.48B | $3.93B | $4.21B | $3.96B | $4.03B |
| Gross profit | $323M | $347M | $395M | $379M | $407M |
| Operating income | $176M | $178M | $196M | $168M | $202M |
| Net income | $139M | $138M | $139M | $112M | $173M |
| Diluted EPS | $4.76 | $4.86 | $4.95 | $4.01 | $6.26 |
| Net margin | 4.0% | 3.5% | 3.3% | 2.8% | 4.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$7.64B
EV / EBITDA27.3
EV / Sales1.9
EV / FCF49.6
P / FCF50.0
PEG (trailing)0.84
Earnings yield2.2%
FCF yield2.0%
Quality & risk
ROIC (est.)9.4%
Free cash flow$154M
Total debt$250M
Net cash$56.5M
Altman Z-Score5.47 safe
Piotroski F-Score8/9
Capital returns
Buyback yield0.8%
Dividend yield (est.)—
Shareholder yield0.8%
Shares Δ YoY-1.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-172026-06-18open ↗11-KPeriod ending 2025-12-312026-06-18open ↗4Period ending 2026-06-052026-06-08open ↗8-KPeriod ending 2026-06-052026-06-08open ↗144Filing2026-06-05open ↗4Period ending 2026-06-032026-06-04open ↗144Filing2026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗144Filing2026-06-01open ↗4Period ending 2026-05-272026-05-29open ↗SDFiling2026-05-27open ↗144Filing2026-05-27open ↗
Frequently asked
- Is PLEXUS CORP (PLXS) a buy?
- PLXS currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Plexus grew EPS 56% on better mix and buybacks, but a 47.9x P/E is steep for a thin-margin EMS with flat revenue.
- What is PLXS's fair value?
- A Modified-Graham model based on PLXS's SEC fundamentals estimates a fair value of about $237.88. It is an estimate from reported earnings, not a price target.
- Is PLXS overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, PLXS currently appears overvalued relative to its SEC-grounded earnings power.
- What is PLEXUS CORP's quality score?
- PLXS scores 66.6078431372549/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000785786, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:50:20 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.