vs

Side-by-side financial comparison of COLUMBIA BANKING SYSTEM, INC. (COLB) and PLEXUS CORP (PLXS). Click either name above to swap in a different company.

PLEXUS CORP is the larger business by last-quarter revenue ($1.2B vs $716.7M, roughly 1.6× COLUMBIA BANKING SYSTEM, INC.). COLUMBIA BANKING SYSTEM, INC. runs the higher net margin — 30.0% vs 4.3%, a 25.7% gap on every dollar of revenue. On growth, COLUMBIA BANKING SYSTEM, INC. posted the faster year-over-year revenue change (47.1% vs 18.7%). Over the past eight quarters, COLUMBIA BANKING SYSTEM, INC.'s revenue compounded faster (23.0% CAGR vs 7.2%).

Umpqua Holdings Corporation, d.b.a. Umpqua Bank, was a financial holding company based in downtown Portland, Oregon, United States. Headquarters were in the Umpqua Bank Plaza, formerly the headquarters of Benj. Franklin Savings and Loan. The firm had two principal operating subsidiaries: Umpqua Bank and Umpqua Investments.

Plex Systems, Inc. is an American software company based in Troy, Michigan. The company develops and markets the Plex Manufacturing Cloud, a software as a service (SaaS) or cloud computing ERP for manufacturing.

COLB vs PLXS — Head-to-Head

Bigger by revenue
PLXS
PLXS
1.6× larger
PLXS
$1.2B
$716.7M
COLB
Growing faster (revenue YoY)
COLB
COLB
+28.4% gap
COLB
47.1%
18.7%
PLXS
Higher net margin
COLB
COLB
25.7% more per $
COLB
30.0%
4.3%
PLXS
Faster 2-yr revenue CAGR
COLB
COLB
Annualised
COLB
23.0%
7.2%
PLXS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
COLB
COLB
PLXS
PLXS
Revenue
$716.7M
$1.2B
Net Profit
$215.0M
$49.8M
Gross Margin
10.2%
Operating Margin
5.3%
Net Margin
30.0%
4.3%
Revenue YoY
47.1%
18.7%
Net Profit YoY
50.3%
27.5%
EPS (diluted)
$0.76
$1.82

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.

Revenue
COLB
COLB
PLXS
PLXS
Q1 26
$1.1B
Q4 25
$716.7M
Q3 25
$582.0M
Q2 25
$510.9M
Q1 25
$491.4M
Q4 24
$487.1M
Q3 24
$496.0M
Q2 24
$472.2M
Net Profit
COLB
COLB
PLXS
PLXS
Q1 26
$41.2M
Q4 25
$215.0M
Q3 25
$96.0M
Q2 25
$152.0M
Q1 25
$87.0M
Q4 24
$143.0M
Q3 24
$146.0M
Q2 24
$121.0M
Gross Margin
COLB
COLB
PLXS
PLXS
Q1 26
9.9%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
COLB
COLB
PLXS
PLXS
Q1 26
5.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Net Margin
COLB
COLB
PLXS
PLXS
Q1 26
3.8%
Q4 25
30.0%
Q3 25
16.5%
Q2 25
29.8%
Q1 25
17.7%
Q4 24
29.4%
Q3 24
29.4%
Q2 24
25.6%
EPS (diluted)
COLB
COLB
PLXS
PLXS
Q1 26
$1.51
Q4 25
$0.76
Q3 25
$0.40
Q2 25
$0.73
Q1 25
$0.41
Q4 24
$0.69
Q3 24
$0.70
Q2 24
$0.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COLB
COLB
PLXS
PLXS
Cash + ST InvestmentsLiquidity on hand
$2.4B
$303.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.8B
$1.5B
Total Assets
$66.8B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLB
COLB
PLXS
PLXS
Q1 26
$248.8M
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$1.9B
Q1 25
$2.1B
Q4 24
$1.9B
Q3 24
$2.1B
Q2 24
$2.1B
Stockholders' Equity
COLB
COLB
PLXS
PLXS
Q1 26
$1.5B
Q4 25
$7.8B
Q3 25
$7.8B
Q2 25
$5.3B
Q1 25
$5.2B
Q4 24
$5.1B
Q3 24
$5.3B
Q2 24
$5.0B
Total Assets
COLB
COLB
PLXS
PLXS
Q1 26
$3.2B
Q4 25
$66.8B
Q3 25
$67.5B
Q2 25
$51.9B
Q1 25
$51.5B
Q4 24
$51.6B
Q3 24
$51.9B
Q2 24
$52.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COLB
COLB
PLXS
PLXS
Operating Cash FlowLast quarter
$746.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.47×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLB
COLB
PLXS
PLXS
Q1 26
Q4 25
$746.0M
Q3 25
$236.2M
Q2 25
$106.8M
Q1 25
$122.0M
Q4 24
$659.0M
Q3 24
$67.2M
Q2 24
$150.3M
Cash Conversion
COLB
COLB
PLXS
PLXS
Q1 26
Q4 25
3.47×
Q3 25
2.46×
Q2 25
0.70×
Q1 25
1.40×
Q4 24
4.61×
Q3 24
0.46×
Q2 24
1.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

COLB
COLB

Segment breakdown not available.

PLXS
PLXS

Asia-Pacific$652.0M56%
Americas$397.0M34%
Europe, Middle East and Africa$116.0M10%

Related Comparisons