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Fabrinet FN Operating margin

Operating margin at other companies

Flex Ltd. logo
Flex Ltd.FLEX
4.9%+0.4pp
Sanmina Corp logo
Sanmina CorpSANM
3.6%-0.9pp
Jabil logo
JabilJBL
4.3%+0.2pp
Celestica logo
CelesticaCLS
8.6%+2.6pp
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
9.5%+5.7pp
GLW
CorningGLW
15.2%+5.4pp

Other financials

Income statement

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Revenue$1.2B+39.3%
Gross profit$144.3M+41.3%
Operating income$120.0M+52.2%
Net income$125.2M+54.0%
EPS (diluted)$3.45+53.3%

Balance sheet

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Cash & equivalents$357.3M+16.4%
Total debt$4.4M-22.7%
Total equity$2.3B+20.8%
Total assets$3.5B+34.0%

Cash flow

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Operating cash flow$52.9M-28.7%
CapEx$63.8M+124%
Free cash flow$57.3M-8.9%

Valuation

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Market cap$20.56B+163%
Enterprise value$20.2B+169%
P/E48.8×+24.9×
P/S4.9×+2.5×

Profitability

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Gross margin12%-0.1pp
Net margin9.9%-0.1pp
FCF margin5.6%-4.2pp

Returns & leverage

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Return on equity20%+1.7pp
Debt / equity0.0×
Current ratio2.5×-0.8×

Where this comes from

Calculated from Fabrinet’s reported figures.

Based on trailing twelve months.

The official record: Fabrinet’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fabrinet's operating margin?
Fabrinet (FN) reported operating margin of 9.9% in Q1 2026.
How has Fabrinet's operating margin changed year-over-year?
Fabrinet's operating margin increased by 4.2% year-over-year, from 9.5% to 9.9%.
What is the long-term trend for Fabrinet's operating margin?
Over 4 years (2021 to 2025), Fabrinet's operating margin has grown at a 4.3% compound annual growth rate (CAGR), from 8% to 9.5%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.