Benchmark Electronics vs Plexus
Plexus is the larger business, with $4.03bn of revenue in fiscal 2025 against $2.66bn for Benchmark Electronics (1.5 times as much). Plexus grew faster (1.8% against 0.1%). Plexus kept more of each dollar of sales as profit: a net margin of 4.3% against 0.9%. Plexus carries less debt relative to equity (6.2% against 19.1%).
| Latest fiscal year | Benchmark ElectronicsBHE, 2025 | PlexusPLXS, 2025 |
|---|---|---|
| Revenue | $2.66bn | $4.03bn |
| Revenue growth | 0.1% | 1.8% |
| Net income | $24.9m | $173m |
| Operating margin | 2.9% | 5.0% |
| Net margin | 0.9% | 4.3% |
| Return on equity | 2.3% | 12.4% |
| Free cash flow | $88.4m | $154m |
| Cash | $322m | $306m |
| Total debt | $211m | $90.0m |
| Debt to equity | 19.1% | 6.2% |
| Dividend per share | — | — |
| Dividend yield | 1.0% | — |
| Share buybacks | $26.8m | $65.3m |
| Employees | 11,840 | 20,000 |
| Market value | $2.56bn | $5.81bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 35 (Weak) | 36 (Weak) |
| Insider trades, 12 months | 0 buys, 19 sales | 0 buys, 66 sales |