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Side-by-side financial comparison of Dorman Products, Inc. (DORM) and PLEXUS CORP (PLXS). Click either name above to swap in a different company.

PLEXUS CORP is the larger business by last-quarter revenue ($1.1B vs $537.9M, roughly 2.0× Dorman Products, Inc.). PLEXUS CORP runs the higher net margin — 3.8% vs 2.1%, a 1.7% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (9.6% vs 0.8%). Over the past eight quarters, PLEXUS CORP's revenue compounded faster (7.9% CAGR vs 7.1%).

Dorman Products is an American manufacturer of aftermarket automotive products in the United States. The company was founded in 1918. The company trades on the NASDAQ under the ticker DORM. The company is headquartered in Colmar, Pennsylvania.

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.

DORM vs PLXS — Head-to-Head

Bigger by revenue
PLXS
PLXS
2.0× larger
PLXS
$1.1B
$537.9M
DORM
Growing faster (revenue YoY)
PLXS
PLXS
+8.8% gap
PLXS
9.6%
0.8%
DORM
Higher net margin
PLXS
PLXS
1.7% more per $
PLXS
3.8%
2.1%
DORM
Faster 2-yr revenue CAGR
PLXS
PLXS
Annualised
PLXS
7.9%
7.1%
DORM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DORM
DORM
PLXS
PLXS
Revenue
$537.9M
$1.1B
Net Profit
$11.6M
$41.2M
Gross Margin
42.6%
9.9%
Operating Margin
5.8%
5.1%
Net Margin
2.1%
3.8%
Revenue YoY
0.8%
9.6%
Net Profit YoY
-78.8%
-19.9%
EPS (diluted)
$0.38
$1.51

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
DORM
DORM
PLXS
PLXS
Q1 26
$1.1B
Q4 25
$537.9M
Q3 25
$543.7M
Q2 25
$541.0M
Q1 25
$507.7M
Q4 24
$533.8M
Q3 24
$503.8M
Q2 24
$503.0M
Net Profit
DORM
DORM
PLXS
PLXS
Q1 26
$41.2M
Q4 25
$11.6M
Q3 25
$76.4M
Q2 25
$58.7M
Q1 25
$57.5M
Q4 24
$54.5M
Q3 24
$55.3M
Q2 24
$47.4M
Gross Margin
DORM
DORM
PLXS
PLXS
Q1 26
9.9%
Q4 25
42.6%
Q3 25
44.4%
Q2 25
40.6%
Q1 25
40.9%
Q4 24
41.5%
Q3 24
40.5%
Q2 24
39.6%
Operating Margin
DORM
DORM
PLXS
PLXS
Q1 26
5.1%
Q4 25
5.8%
Q3 25
19.4%
Q2 25
15.2%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.7%
Q2 24
14.4%
Net Margin
DORM
DORM
PLXS
PLXS
Q1 26
3.8%
Q4 25
2.1%
Q3 25
14.1%
Q2 25
10.9%
Q1 25
11.3%
Q4 24
10.2%
Q3 24
11.0%
Q2 24
9.4%
EPS (diluted)
DORM
DORM
PLXS
PLXS
Q1 26
$1.51
Q4 25
$0.38
Q3 25
$2.48
Q2 25
$1.91
Q1 25
$1.87
Q4 24
$1.76
Q3 24
$1.80
Q2 24
$1.53

Balance Sheet & Financial Strength

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

Metric
DORM
DORM
PLXS
PLXS
Cash + ST InvestmentsLiquidity on hand
$49.4M
$248.8M
Total DebtLower is stronger
$440.6M
Stockholders' EquityBook value
$1.5B
$1.5B
Total Assets
$2.5B
$3.2B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DORM
DORM
PLXS
PLXS
Q1 26
$248.8M
Q4 25
$49.4M
Q3 25
$55.5M
Q2 25
$56.8M
Q1 25
$60.6M
Q4 24
$57.1M
Q3 24
$45.1M
Q2 24
$47.5M
Total Debt
DORM
DORM
PLXS
PLXS
Q1 26
Q4 25
$440.6M
Q3 25
Q2 25
Q1 25
Q4 24
$468.8M
Q3 24
Q2 24
Stockholders' Equity
DORM
DORM
PLXS
PLXS
Q1 26
$1.5B
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.4B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Total Assets
DORM
DORM
PLXS
PLXS
Q1 26
$3.2B
Q4 25
$2.5B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.3B
Debt / Equity
DORM
DORM
PLXS
PLXS
Q1 26
Q4 25
0.30×
Q3 25
Q2 25
Q1 25
Q4 24
0.36×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
DORM
DORM
PLXS
PLXS
Operating Cash FlowLast quarter
$41.6M
Free Cash FlowOCF − Capex
$33.5M
FCF MarginFCF / Revenue
6.2%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
3.60×
TTM Free Cash FlowTrailing 4 quarters
$75.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DORM
DORM
PLXS
PLXS
Q1 26
Q4 25
$41.6M
Q3 25
$12.2M
Q2 25
$8.5M
Q1 25
$51.2M
Q4 24
$71.4M
Q3 24
$44.3M
Q2 24
$63.3M
Free Cash Flow
DORM
DORM
PLXS
PLXS
Q1 26
Q4 25
$33.5M
Q3 25
$1.8M
Q2 25
$98.0K
Q1 25
$40.3M
Q4 24
$63.2M
Q3 24
$35.7M
Q2 24
$51.4M
FCF Margin
DORM
DORM
PLXS
PLXS
Q1 26
Q4 25
6.2%
Q3 25
0.3%
Q2 25
0.0%
Q1 25
7.9%
Q4 24
11.8%
Q3 24
7.1%
Q2 24
10.2%
Capex Intensity
DORM
DORM
PLXS
PLXS
Q1 26
Q4 25
1.5%
Q3 25
1.9%
Q2 25
1.6%
Q1 25
2.2%
Q4 24
1.5%
Q3 24
1.7%
Q2 24
2.4%
Cash Conversion
DORM
DORM
PLXS
PLXS
Q1 26
Q4 25
3.60×
Q3 25
0.16×
Q2 25
0.15×
Q1 25
0.89×
Q4 24
1.31×
Q3 24
0.80×
Q2 24
1.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DORM
DORM

Light Duty$428.6M80%
Heavy Duty$55.8M10%
Specialty Vehicle$53.5M10%

PLXS
PLXS

Asia-Pacific$612.0M57%
Americas$345.0M32%
Europe, Middle East and Africa$118.0M11%

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