What is Plexus's contract assets?

Plexus (PLXS) reported contract assets of $160.38M in Q1 2026.

How has Plexus's contract assets changed year-over-year?

Plexus's contract assets increased by 17.8% year-over-year, from $136.13M to $160.38M.

What is the long-term trend for Plexus's contract assets?

Over 5 years (2020 to 2025), Plexus's contract assets has grown at a 5.7% compound annual growth rate (CAGR), from $113.95M to $150.65M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Plexus PLXS Contract Assets

Contract Assets at other companies

Sanmina CorpSANM

$473.14M+23.0%

JabilJBL

$1.47B+32.5%

ESCO TechnologiesESE

$103.53M-17.4%

TTM TechnologiesTTMI

$513.03M+35.6%

CelesticaCLS

——

Booz Allen HamiltonBAH

——

Other financials

Income statement

See full

Revenue$1.2M+18.7%

Gross profit-$1.0B-18.4%

Operating income$61.8M+26.7%

Net income$49.8M+27.5%

EPS (diluted)$1.82+29.1%

Balance sheet

See full

Cash & equivalents$303.1M-2.4%

Total debt$77.5M-8.4%

Total equity$1.5B+10.2%

Total assets$3.4B+8.9%

Cash flow

See full

Operating cash flow$28.5M-22.4%

CapEx$12.5M-38.3%

Free cash flow-$50.6M-287%

Valuation

See full

Market cap$8.03B+98.0%

Enterprise value$7.8B+105%

P/E42.8×+14.4×

P/S2×+1.0×

Profitability

See full

Gross margin3.9%-6.1pp

Operating margin5.5%+0.8pp

Net margin4.6%+1.0pp

FCF margin1.9%-8.2pp

Returns & leverage

See full

Return on equity13.2%+2.3pp

Debt / equity0.1×0.0×

Current ratio1.5×0.0×

Where this comes from

Reported directly by Plexus in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Plexus’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

Ask your AI about Plexus's contract assets.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Plexus's contract assets?: Plexus (PLXS) reported contract assets of $160.38M in Q1 2026.
How has Plexus's contract assets changed year-over-year?: Plexus's contract assets increased by 17.8% year-over-year, from $136.13M to $160.38M.
What is the long-term trend for Plexus's contract assets?: Over 5 years (2020 to 2025), Plexus's contract assets has grown at a 5.7% compound annual growth rate (CAGR), from $113.95M to $150.65M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.