Plexus (PLXS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Plexus

NasdaqGS•Technology•Electronic Components

$245.74+3.41(0.01%)After hours

Market Cap

$6.59B

P/E

35.5x

P/S

1.4x

P/B

4.3x

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.

How this company scores

GoodMetricSide Score: 63/100

Strongest: Balance Sheet & Red Flags (23/25); weakest: Cash & Earnings Quality (8/25).

Profitability11/25

Growth21/25

Balance Sheet & Red Flags23/25

Cash & Earnings Quality8/25

Strengths

Low leverageInterest easily coveredConsistent growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 35.5x5y range 15.8x – 35.7x

Currently above its 20-quarter median.

P/S · 1.4x5y range 0.6x – 1.4x

Currently above its 20-quarter median.

P/B · 4.3x5y range 2.0x – 4.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.9x) — earnings may be inflated by non-cash items or aggressive accounting.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $6.59B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.60B
Q. Revenue: $1.30B
TTM EBITDA: $307.31M
TTM Op. Income: $230.67M
Q. Op. Income: $61.26M
TTM Net Income: $185.41M
Q. Net Income: $42.99M
EPS: $1.61
Shares Out.: $26.71M

$4.60B in TTM revenue grew 14.2% YoY, reaching $1.30B last quarter. TTM EBITDA of $307.31M and TTM operating income of $230.67M show growth is flowing through to the bottom line. TTM net income of $185.41M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 10.1%
EBITDA Margin: 6.1%
Op. Margin: 4.7%
Net Margin: 3.3%

Op. margin of 4.7% is down 0.6% YoY — costs are rising relative to revenue. Net margin at 3.3% and gross margin of 10.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 11% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 35.5x
P/S Ratio: 1.4x
P/B Ratio: 4.3x

At 35.5x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.4x and P/B of 4.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.63B
Cash: $314.05M
Long-Term Debt: $91.64M
Book Value: $1.53B
D/E Ratio: 0.1
Debt/EBITDA: 1.1

With $3.63B in assets and $91.64M in long-term debt, D/E is 0.1and book value is $1.53B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $25.91M
TTM Free Cash Flow: $61.87M
FCF Margin: 1.3%
FCF / Net Income: 0.3

TTM FCF of $61.87M on $25.91M in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 6 consecutive quarters — a weakening trend.