What is Plexus's foreign operations?

Plexus (PLXS) reported foreign operations of -20.7% in Q3 2025.

How has Plexus's foreign operations changed year-over-year?

Plexus's foreign operations increased by 31.0% year-over-year, from -30% to -20.7%.

What does foreign operations mean?

The impact on the effective tax rate caused by the difference between the U.S. statutory tax rate and the tax rates applicable to earnings in foreign jurisdictions.

Plexus PLXS Foreign operations

Foreign operations at other companies

3MMMM

5%+2.9pp

Charles River LaboratoriesCRL

11.1%+9.6pp

Regal RexnordRRX

1.4%—

PlexusPLXS

-20.7%-4.9pp

Allison Transmission HoldingsALSN

1%—

AeroVironmentAVAV

-6.6%-7.2pp

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/S2×+1.0×

Profitability

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Gross margin3.9%-6.1pp

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

Reported directly by Plexus in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential.

The official record: Plexus’s 10-K, filed November 14, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Plexus's foreign operations?: Plexus (PLXS) reported foreign operations of -20.7% in Q3 2025.
How has Plexus's foreign operations changed year-over-year?: Plexus's foreign operations increased by 31.0% year-over-year, from -30% to -20.7%.
What does foreign operations mean?: The impact on the effective tax rate caused by the difference between the U.S. statutory tax rate and the tax rates applicable to earnings in foreign jurisdictions.