Celestica vs Sanmina
Celestica is the larger business, with $12.39bn of revenue in fiscal 2025 against $8.13bn for Sanmina (1.5 times as much). Celestica grew faster (28.5% against 7.4%). Celestica kept more of each dollar of sales as profit: a net margin of 6.7% against 3.0%. Sanmina carries less debt relative to equity (11.8% against 35.0%).
| Latest fiscal year | CelesticaCLS, 2025 | SanminaSANM, 2025 |
|---|---|---|
| Revenue | $12.39bn | $8.13bn |
| Revenue growth | 28.5% | 7.4% |
| Net income | $833m | $246m |
| Operating margin | 8.4% | 4.4% |
| Net margin | 6.7% | 3.0% |
| Return on equity | 40.5% | 10.0% |
| Free cash flow | $458m | $473m |
| Cash | $596m | $926m |
| Total debt | $777m | $300m |
| Debt to equity | 35.0% | 11.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $153m | — |
| Employees | — | 39,000 |
| Market value | $31.54bn | $9.06bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | — | 48 (Moderate) |
| Insider trades, 12 months | 0 buys, 166 sales | 1 buys, 20 sales |