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Side-by-side financial comparison of BENCHMARK ELECTRONICS INC (BHE) and Fabrinet (FN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $677.3M, roughly 1.7× BENCHMARK ELECTRONICS INC). Fabrinet runs the higher net margin — 9.9% vs 1.9%, a 8.0% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 11.4%). BENCHMARK ELECTRONICS INC produced more free cash flow last quarter ($48.1M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs -0.7%).
Benchmark Electronics Inc is an EMS, ODM, and OEM company based in Tempe, Arizona in the Phoenix metropolitan area. It provides contract manufacturing services.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
BHE vs FN — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $677.3M | $1.1B |
| Net Profit | $13.0M | $112.6M |
| Gross Margin | 10.2% | 12.2% |
| Operating Margin | 3.2% | 10.1% |
| Net Margin | 1.9% | 9.9% |
| Revenue YoY | 11.4% | 35.9% |
| Net Profit YoY | 257.4% | 30.0% |
| EPS (diluted) | $0.17 | $3.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $677.3M | — | ||
| Q4 25 | $725.8M | $1.1B | ||
| Q3 25 | $702.6M | $978.1M | ||
| Q2 25 | $665.7M | $909.7M | ||
| Q1 25 | $654.6M | $871.8M | ||
| Q4 24 | $683.6M | $833.6M | ||
| Q3 24 | $680.0M | $804.2M | ||
| Q2 24 | $686.7M | $753.3M |
| Q1 26 | $13.0M | — | ||
| Q4 25 | — | $112.6M | ||
| Q3 25 | $14.3M | $95.9M | ||
| Q2 25 | $972.0K | $87.2M | ||
| Q1 25 | $3.6M | $81.3M | ||
| Q4 24 | — | $86.6M | ||
| Q3 24 | $15.4M | $77.4M | ||
| Q2 24 | $15.5M | $81.1M |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 10.2% | 12.2% | ||
| Q3 25 | 9.7% | 11.9% | ||
| Q2 25 | 9.7% | 12.2% | ||
| Q1 25 | 9.7% | 11.7% | ||
| Q4 24 | 9.9% | 12.1% | ||
| Q3 24 | 9.8% | 12.3% | ||
| Q2 24 | 9.9% | 12.3% |
| Q1 26 | 3.2% | — | ||
| Q4 25 | 2.8% | 10.1% | ||
| Q3 25 | 3.4% | 9.6% | ||
| Q2 25 | 3.1% | 9.8% | ||
| Q1 25 | 1.8% | 9.0% | ||
| Q4 24 | 4.2% | 9.5% | ||
| Q3 24 | 4.1% | 9.6% | ||
| Q2 24 | 4.0% | 9.7% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 9.9% | ||
| Q3 25 | 2.0% | 9.8% | ||
| Q2 25 | 0.1% | 9.6% | ||
| Q1 25 | 0.6% | 9.3% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | 2.3% | 9.6% | ||
| Q2 24 | 2.3% | 10.8% |
| Q1 26 | $0.17 | — | ||
| Q4 25 | $0.16 | $3.11 | ||
| Q3 25 | $0.39 | $2.66 | ||
| Q2 25 | $0.03 | $2.41 | ||
| Q1 25 | $0.10 | $2.25 | ||
| Q4 24 | $0.43 | $2.38 | ||
| Q3 24 | $0.42 | $2.13 | ||
| Q2 24 | $0.43 | $2.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $324.9M | $960.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.2B |
| Total Assets | $2.1B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $324.9M | — | ||
| Q4 25 | $322.1M | $960.8M | ||
| Q3 25 | $285.4M | $968.8M | ||
| Q2 25 | $264.6M | $934.2M | ||
| Q1 25 | $355.3M | $950.7M | ||
| Q4 24 | $315.2M | $934.6M | ||
| Q3 24 | $324.4M | $908.9M | ||
| Q2 24 | $309.3M | $858.6M |
| Q1 26 | — | — | ||
| Q4 25 | $206.8M | — | ||
| Q3 25 | $212.6M | — | ||
| Q2 25 | $203.4M | — | ||
| Q1 25 | $268.9M | — | ||
| Q4 24 | $250.5M | — | ||
| Q3 24 | $272.0M | — | ||
| Q2 24 | $283.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $1.1B | $2.1B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.1B | $1.7B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $3.3B | ||
| Q3 25 | $2.1B | $3.0B | ||
| Q2 25 | $2.0B | $2.8B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $2.1B | $2.5B | ||
| Q3 24 | $2.1B | $2.4B | ||
| Q2 24 | $2.2B | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.23× | — | ||
| Q3 24 | 0.25× | — | ||
| Q2 24 | 0.26× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $47.0M | $46.3M |
| Free Cash FlowOCF − Capex | $48.1M | $-5.3M |
| FCF MarginFCF / Revenue | 7.1% | -0.5% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 3.61× | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $108.3M | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.0M | — | ||
| Q4 25 | $58.7M | $46.3M | ||
| Q3 25 | $36.6M | $102.6M | ||
| Q2 25 | $-2.8M | $55.1M | ||
| Q1 25 | $31.5M | $74.2M | ||
| Q4 24 | $45.9M | $115.9M | ||
| Q3 24 | $39.0M | $83.2M | ||
| Q2 24 | $55.8M | $83.1M |
| Q1 26 | $48.1M | — | ||
| Q4 25 | $48.2M | $-5.3M | ||
| Q3 25 | $25.8M | $57.3M | ||
| Q2 25 | $-13.8M | $4.7M | ||
| Q1 25 | $28.1M | $45.7M | ||
| Q4 24 | $37.2M | $94.0M | ||
| Q3 24 | $29.2M | $62.9M | ||
| Q2 24 | $48.2M | $70.4M |
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.6% | -0.5% | ||
| Q3 25 | 3.7% | 5.9% | ||
| Q2 25 | -2.1% | 0.5% | ||
| Q1 25 | 4.3% | 5.2% | ||
| Q4 24 | 5.4% | 11.3% | ||
| Q3 24 | 4.3% | 7.8% | ||
| Q2 24 | 7.0% | 9.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 4.6% | ||
| Q3 25 | 1.5% | 4.6% | ||
| Q2 25 | 1.7% | 5.5% | ||
| Q1 25 | 0.5% | 3.3% | ||
| Q4 24 | 1.3% | 2.6% | ||
| Q3 24 | 1.4% | 2.5% | ||
| Q2 24 | 1.1% | 1.7% |
| Q1 26 | 3.61× | — | ||
| Q4 25 | — | 0.41× | ||
| Q3 25 | 2.57× | 1.07× | ||
| Q2 25 | -2.90× | 0.63× | ||
| Q1 25 | 8.65× | 0.91× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | 2.54× | 1.07× | ||
| Q2 24 | 3.59× | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHE
Segment breakdown not available.
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
