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Plexus PLXS Gross margin

Gross margin at other companies

Flex Ltd. logo
Flex Ltd.FLEX
9.4%+0.9pp
Sanmina Corp logo
Sanmina CorpSANM
8.5%0.0pp
Jabil logo
JabilJBL
9.2%+0.4pp
Celestica logo
CelesticaCLS
12%+1.3pp
Moog Inc. logo
Moog Inc.MOG.B
27.4%-0.4pp
Nordson logo
NordsonNDSN
55.1%+0.3pp

Other financials

Income statement

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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

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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

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Operating cash flow$28.5M-22.4%
CapEx$12.5M-38.3%
Free cash flow-$50.6M-287%

Valuation

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Market cap$8.03B+98.0%
Enterprise value$7.8B+105%
P/E42.8×+14.4×
P/S+1.0×

Profitability

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Operating margin5.5%+0.8pp
Net margin4.6%+1.0pp
FCF margin1.9%-8.2pp

Returns & leverage

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Return on equity13.2%+2.3pp
Debt / equity0.1×0.0×
Current ratio1.5×0.0×

Where this comes from

Calculated from Plexus’s reported figures.

Based on trailing twelve months.

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

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Questions, answered.

What is Plexus's gross margin?
Plexus (PLXS) reported gross margin of 3.9% in Q1 2026.
How has Plexus's gross margin changed year-over-year?
Plexus's gross margin decreased by 61.0% year-over-year, from 9.9% to 3.9%.
What is the long-term trend for Plexus's gross margin?
Over 5 years (2020 to 2025), Plexus's gross margin has grown at a -2.6% compound annual growth rate (CAGR), from 11.5% to 10.1%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.