What is Plexus's net debt?

Plexus (PLXS) reported net debt of -$225.68M in Q1 2026.

How has Plexus's net debt changed year-over-year?

Plexus's net debt increased by 0.1% year-over-year, from -$225.94M to -$225.68M.

What is the long-term trend for Plexus's net debt?

Over 5 years (2020 to 2025), Plexus's net debt has grown at a -5.8% compound annual growth rate (CAGR), from -$301.57M to -$224.25M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Plexus PLXS Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

Cleveland-CliffsCLF

40×—

Armstrong World IndustriesAWI

0.9×-0.1×

LAD

Lithia MotorsLAD

0.4×0.0×

Albertsons CompaniesACI

4.1×+0.4×

Karman Holdings Inc.KRMN

5.9×+2.7×

Pilgrim's Pride CorporationPPC

1.5×+0.9×

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

Calculated from Plexus’s reported figures.

$77.5Mtotal debt−$303.1Mcash and equivalents=-$225.68M

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

Ask your AI about Plexus's net debt.

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

Connect your AI

Claude

Questions, answered.

What is Plexus's net debt?: Plexus (PLXS) reported net debt of -$225.68M in Q1 2026.
How has Plexus's net debt changed year-over-year?: Plexus's net debt increased by 0.1% year-over-year, from -$225.94M to -$225.68M.
What is the long-term trend for Plexus's net debt?: Over 5 years (2020 to 2025), Plexus's net debt has grown at a -5.8% compound annual growth rate (CAGR), from -$301.57M to -$224.25M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.