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Plexus Corp.

Rank #414Capital ReturnWatchlistCompare with other stocks

PLXS · Nasdaq · Technology

Plexus Corp. (PLXS) — Rank #414 by gross profitability (GP/assets 0.11) · ROE 11.3% · Piotroski F-Score N/A.

As-of 2026-10-30 · CIK 0000785786 · all metrics point-in-time as of the filing date.

About

Plexus Corp. provides electronic manufacturing services in the United States, the Asia-Pacific, Europe, the Middle East, and Africa.

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The company offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services. It serves the aerospace/defense, healthcare/life sciences, and industrial/commercial sectors. Plexus Corp.

was founded in 1979 and is headquartered in Neenah, Wisconsin.

Industry
Electronic Components
Sector
Technology
State
WI
Filer Category
Large accelerated filer
Fiscal Year End
October 3
Website
plexus.com

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

25,000

Industry

Electronic Components

Exchange

Nasdaq

11/11

Flags passed

PLXS passes 11/11 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding · Sequential beat (rev + EPS)

No data Balance sheet — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.11
Return on equity
11.3%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.38
Current ratio
1.49×
Net cash
$314.05M

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
0.8%

Growth

2/2 pass
Revenue growth
1.8%
Piotroski F-Score
N/A
Share dilution
-1.0%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 4th percentile of 47 SIC 36 peers

Gross profitability (GP / assets)

0.11

Primary signal (Novy-Marx).

4th pctl of 47 SIC 36 peers

Return on equity

11.3%

Gross margin

10.1%

2nd pctl of 47 SIC 36 peers

Revenue growth (YoY)

1.8%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

0.9%

Revenue CAGR (5Y)

2.9%

Earnings CAGR (3Y)

7.7%

FCF CAGR (3Y)

—

Cash Flow Health

Is the cash real?

No warning flags · FCF 11% below net income

Free cash flow

$153.97M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

-10.9%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.8%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $314.05M

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.38

11th pctl of 45 SIC 36 peers (best = lowest)

Current ratio

1.49×

7th pctl of 47 SIC 36 peers

Quick ratio

0.57×

Net cash

$314.05M

Cash & equivalents minus total debt.

Piotroski F-Score

N/A

Only 8/9 components determinable.

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

3.0 / 5

Good
Share count trend(net buybacks)
-1.0%3/5 Good
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory
-1.2%3/5 Good

Lifecycle Phase History

20202025
Capital Return
Decline

Price History

PLXS+167.6% · +21.7% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports