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Side-by-side financial comparison of BENCHMARK ELECTRONICS INC (BHE) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $725.8M, roughly 1.9× BENCHMARK ELECTRONICS INC). On growth, BENCHMARK ELECTRONICS INC posted the faster year-over-year revenue change (6.2% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $48.2M). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% CAGR vs 1.1%).
Benchmark Electronics Inc is an EMS, ODM, and OEM company based in Tempe, Arizona in the Phoenix metropolitan area. It provides contract manufacturing services.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
BHE vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $725.8M | $1.4B |
| Net Profit | — | $43.8M |
| Gross Margin | 10.2% | 28.6% |
| Operating Margin | 2.8% | 11.4% |
| Net Margin | — | 3.1% |
| Revenue YoY | 6.2% | 2.6% |
| Net Profit YoY | — | 700.0% |
| EPS (diluted) | $0.16 | $0.30 |
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.
| Q4 25 | $725.8M | $1.4B | ||
| Q3 25 | $702.6M | $1.3B | ||
| Q2 25 | $665.7M | $1.3B | ||
| Q1 25 | $654.6M | $1.3B | ||
| Q4 24 | $683.6M | $1.4B | ||
| Q3 24 | $680.0M | $1.3B | ||
| Q2 24 | $686.7M | $1.3B | ||
| Q1 24 | $710.6M | $1.3B |
| Q4 25 | — | $43.8M | ||
| Q3 25 | $14.3M | $255.1M | ||
| Q2 25 | $972.0K | $93.1M | ||
| Q1 25 | $3.6M | $113.5M | ||
| Q4 24 | — | $-7.3M | ||
| Q3 24 | $15.4M | $91.7M | ||
| Q2 24 | $15.5M | $98.3M | ||
| Q1 24 | $14.0M | $82.0M |
| Q4 25 | 10.2% | 28.6% | ||
| Q3 25 | 9.7% | 29.8% | ||
| Q2 25 | 9.7% | 30.7% | ||
| Q1 25 | 9.7% | 30.9% | ||
| Q4 24 | 9.9% | 30.0% | ||
| Q3 24 | 9.8% | 30.1% | ||
| Q2 24 | 9.9% | 31.2% | ||
| Q1 24 | 9.5% | 30.3% |
| Q4 25 | 2.8% | 11.4% | ||
| Q3 25 | 3.4% | 13.8% | ||
| Q2 25 | 3.1% | 15.0% | ||
| Q1 25 | 1.8% | 14.5% | ||
| Q4 24 | 4.2% | 11.7% | ||
| Q3 24 | 4.1% | 13.9% | ||
| Q2 24 | 4.0% | 15.4% | ||
| Q1 24 | 3.6% | 14.0% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | 2.0% | 19.0% | ||
| Q2 25 | 0.1% | 7.0% | ||
| Q1 25 | 0.6% | 9.0% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | 2.3% | 6.9% | ||
| Q2 24 | 2.3% | 7.4% | ||
| Q1 24 | 2.0% | 6.2% |
| Q4 25 | $0.16 | $0.30 | ||
| Q3 25 | $0.39 | $1.73 | ||
| Q2 25 | $0.03 | $0.63 | ||
| Q1 25 | $0.10 | $0.77 | ||
| Q4 24 | $0.43 | $-0.05 | ||
| Q3 24 | $0.42 | $0.63 | ||
| Q2 24 | $0.43 | $0.67 | ||
| Q1 24 | $0.38 | $0.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $322.1M | $344.0M |
| Total DebtLower is stronger | $206.8M | $3.3B |
| Stockholders' EquityBook value | $1.1B | $1.2B |
| Total Assets | $2.1B | $7.0B |
| Debt / EquityLower = less leverage | 0.19× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $322.1M | $344.0M | ||
| Q3 25 | $285.4M | $282.5M | ||
| Q2 25 | $264.6M | $354.4M | ||
| Q1 25 | $355.3M | $335.2M | ||
| Q4 24 | $315.2M | $371.8M | ||
| Q3 24 | $324.4M | $386.0M | ||
| Q2 24 | $309.3M | $388.6M | ||
| Q1 24 | $296.1M | $352.8M |
| Q4 25 | $206.8M | $3.3B | ||
| Q3 25 | $212.6M | $4.0B | ||
| Q2 25 | $203.4M | $4.0B | ||
| Q1 25 | $268.9M | $4.2B | ||
| Q4 24 | $250.5M | $4.2B | ||
| Q3 24 | $272.0M | $4.3B | ||
| Q2 24 | $283.6M | $4.4B | ||
| Q1 24 | $310.1M | $4.5B |
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $953.1M | ||
| Q1 25 | $1.1B | $797.9M | ||
| Q4 24 | $1.1B | $624.5M | ||
| Q3 24 | $1.1B | $771.2M | ||
| Q2 24 | $1.1B | $650.1M | ||
| Q1 24 | $1.1B | $598.3M |
| Q4 25 | $2.1B | $7.0B | ||
| Q3 25 | $2.1B | $7.1B | ||
| Q2 25 | $2.0B | $7.2B | ||
| Q1 25 | $2.1B | $7.0B | ||
| Q4 24 | $2.1B | $7.0B | ||
| Q3 24 | $2.1B | $7.3B | ||
| Q2 24 | $2.2B | $7.3B | ||
| Q1 24 | $2.2B | $7.2B |
| Q4 25 | 0.19× | 2.65× | ||
| Q3 25 | 0.19× | 3.34× | ||
| Q2 25 | 0.18× | 4.18× | ||
| Q1 25 | 0.24× | 5.26× | ||
| Q4 24 | 0.23× | 6.72× | ||
| Q3 24 | 0.25× | 5.62× | ||
| Q2 24 | 0.26× | 6.81× | ||
| Q1 24 | 0.29× | 7.49× |
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 | $58.7M | $293.6M |
| Free Cash FlowOCF − Capex | $48.2M | $257.7M |
| FCF MarginFCF / Revenue | 6.6% | 18.5% |
| Capex IntensityCapex / Revenue | 1.4% | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $88.4M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $58.7M | $293.6M | ||
| Q3 25 | $36.6M | $165.9M | ||
| Q2 25 | $-2.8M | $136.6M | ||
| Q1 25 | $31.5M | $31.9M | ||
| Q4 24 | $45.9M | $244.2M | ||
| Q3 24 | $39.0M | $170.5M | ||
| Q2 24 | $55.8M | $188.2M | ||
| Q1 24 | $48.5M | $125.1M |
| Q4 25 | $48.2M | $257.7M | ||
| Q3 25 | $25.8M | $119.6M | ||
| Q2 25 | $-13.8M | $93.2M | ||
| Q1 25 | $28.1M | $-12.0M | ||
| Q4 24 | $37.2M | $185.1M | ||
| Q3 24 | $29.2M | $115.2M | ||
| Q2 24 | $48.2M | $129.5M | ||
| Q1 24 | $43.3M | $78.0M |
| Q4 25 | 6.6% | 18.5% | ||
| Q3 25 | 3.7% | 8.9% | ||
| Q2 25 | -2.1% | 7.0% | ||
| Q1 25 | 4.3% | -0.9% | ||
| Q4 24 | 5.4% | 13.6% | ||
| Q3 24 | 4.3% | 8.6% | ||
| Q2 24 | 7.0% | 9.7% | ||
| Q1 24 | 6.1% | 5.9% |
| Q4 25 | 1.4% | 2.6% | ||
| Q3 25 | 1.5% | 3.4% | ||
| Q2 25 | 1.7% | 3.3% | ||
| Q1 25 | 0.5% | 3.5% | ||
| Q4 24 | 1.3% | 4.4% | ||
| Q3 24 | 1.4% | 4.1% | ||
| Q2 24 | 1.1% | 4.4% | ||
| Q1 24 | 0.7% | 3.6% |
| Q4 25 | — | 6.70× | ||
| Q3 25 | 2.57× | 0.65× | ||
| Q2 25 | -2.90× | 1.47× | ||
| Q1 25 | 8.65× | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.54× | 1.86× | ||
| Q2 24 | 3.59× | 1.91× | ||
| Q1 24 | 3.46× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHE
| Other | $384.9M | 53% |
| Aerospace And Defense Sector | $107.6M | 15% |
| Healthcare Sector | $81.7M | 11% |
| Advanced Computing And Communications Sector | $70.0M | 10% |
| Semi Cap Sector | $45.4M | 6% |
| Industrial Sector | $25.2M | 3% |
| Intersegment Sales | $11.0M | 2% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
