Plexus Corp. (PLXS) Stock Analysis
Technology · Electronic Components · NasdaqGS
Plexus Corp. (PLXS) posted $4.03B in revenue for fiscal 2025 (up 1.8% year over year), at a 4.3% net margin, and has compounded revenue about 2.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Plexus Corp.
Plexus Corp. has grown revenue from $2.56B to $4.03B over the last 10 fiscal years, compounding about 2.9% a year. The most recent year was up 1.8%, so growth has cooled from its longer-run pace.
Net margin sits at 4.3%, up 1.5 points year over year on a 10.1% gross margin.
At today's valuation the market is pricing in roughly 19.6% annual free-cash-flow growth — versus the -0.8% it actually delivered over the last five years, so the price already assumes a step-up from the recent record.
Synthesised from Plexus Corp.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Plexus Corp. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.56B | $2.53B | $2.87B | $3.30B | $3.50B | $3.48B | $3.81B | $4.21B | $3.96B | $4.03B |
| Gross profit | $227.36M | $255.85M | $257.60M | $291.84M | $312.71M | $323.30M | $347.23M | $394.55M | $378.53M | $406.51M |
| Net income | $76.43M | $112.06M | $13.04M | $108.62M | $117.48M | $138.91M | $138.24M | $139.09M | $111.81M | $172.88M |
| Net margin | 3.0% | 4.4% | 0.5% | 3.3% | 3.4% | 4.0% | 3.6% | 3.3% | 2.8% | 4.3% |
Source: Plexus Corp. SEC filings (10-K). 18 years of history available in the interactive view.
Plexus Corp.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into PLXS stock?
At today's market cap of $7.39B, Plexus Corp. is priced for free-cash-flow growth of about 19.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $153.97M from the FY ending 2025-09-30). For comparison, free cash flow actually grew -0.8%/yr over the last five fiscal years and revenue 2.9%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Plexus Corp. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Plexus Corp. financial history by metric
Compare Plexus Corp. with peers
About Plexus Corp.
Plexus Corp. provides electronic manufacturing services in the United States, the Asia-Pacific, Europe, the Middle East, and Africa. 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.
Plexus Corp. — frequently asked questions
What is Plexus Corp.'s revenue?
Plexus Corp. (PLXS) reported revenue of $4.03B for fiscal year 2025, up 1.8% from the prior year, according to its SEC filings.
Is Plexus Corp. profitable?
Yes. PLXS earned net income of $172.88M in fiscal 2025, a net margin of 4.3%.
What is PLXS's P/E ratio?
Plexus Corp. trades at a price-to-earnings ratio of about 40.4 based on the latest data in our nightly-refreshed cache.
How fast is Plexus Corp. growing?
PLXS's revenue grew at roughly 2.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Plexus Corp. have?
As of fiscal year 2025, PLXS carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Plexus Corp.'s gross margin?
PLXS's gross margin was 10.1% in fiscal 2025 — gross profit of $406.51M on revenue of $4.03B.
What is Plexus Corp.'s market cap?
Plexus Corp. (PLXS) has a market capitalization of about $7.39B, based on the latest data in our nightly-refreshed cache.
When does Plexus Corp.'s fiscal year end?
PLXS's fiscal year ends in September. Its most recent annual filing covers the fiscal year ending 2025-09-30.
What growth is priced into PLXS stock?
At today's market cap of $7.39B, Plexus Corp. is priced for free-cash-flow growth of about 19.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $153.97M from the FY ending 2025-09-30). For comparison, free cash flow actually grew -0.8%/yr over the last five fiscal years and revenue 2.9%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Plexus Corp.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.