Fabrinet vs Plexus
Fabrinet is the larger business, with $4.64bn of revenue in fiscal 2026 against $4.03bn for Plexus (1.2 times as much). Fabrinet grew faster (35.7% against 1.8%). Fabrinet kept more of each dollar of sales as profit: a net margin of 10.2% against 4.3%. Fabrinet carries less debt relative to equity (0.0% against 6.2%).
| Latest fiscal year | FabrinetFN, 2026 | PlexusPLXS, 2025 |
|---|---|---|
| Revenue | $4.64bn | $4.03bn |
| Revenue growth | 35.7% | 1.8% |
| Net income | $473m | $173m |
| Operating margin | 10.0% | 5.0% |
| Net margin | 10.2% | 4.3% |
| Return on equity | 21.3% | 12.4% |
| Free cash flow | $4.2m | $154m |
| Cash | $347m | $306m |
| Total debt | $0 | $90.0m |
| Debt to equity | 0.0% | 6.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $5.2m | $65.3m |
| Employees | 21,521 | 20,000 |
| Market value | $12.91bn | $5.81bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 61 (Moderate) | 36 (Weak) |
| Insider trades, 12 months | 0 buys, 15 sales | 0 buys, 66 sales |