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Side-by-side financial comparison of Hyatt Hotels Corp (H) and PLEXUS CORP (PLXS). Click either name above to swap in a different company.

Hyatt Hotels Corp is the larger business by last-quarter revenue ($1.8B vs $1.2B, roughly 1.5× PLEXUS CORP). PLEXUS CORP runs the higher net margin — 4.3% vs -1.1%, a 5.4% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs 11.7%). Over the past eight quarters, PLEXUS CORP's revenue compounded faster (7.2% CAGR vs 2.2%).

Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.

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.

H vs PLXS — Head-to-Head

Bigger by revenue
H
H
1.5× larger
H
$1.8B
$1.2B
PLXS
Growing faster (revenue YoY)
PLXS
PLXS
+7.1% gap
PLXS
18.7%
11.7%
H
Higher net margin
PLXS
PLXS
5.4% more per $
PLXS
4.3%
-1.1%
H
Faster 2-yr revenue CAGR
PLXS
PLXS
Annualised
PLXS
7.2%
2.2%
H

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
H
H
PLXS
PLXS
Revenue
$1.8B
$1.2B
Net Profit
$-20.0M
$49.8M
Gross Margin
10.2%
Operating Margin
0.4%
5.3%
Net Margin
-1.1%
4.3%
Revenue YoY
11.7%
18.7%
Net Profit YoY
64.3%
27.5%
EPS (diluted)
$-0.20
$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
H
H
PLXS
PLXS
Q1 26
$1.1B
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.7B
Net Profit
H
H
PLXS
PLXS
Q1 26
$41.2M
Q4 25
$-20.0M
Q3 25
$-49.0M
Q2 25
$-3.0M
Q1 25
$20.0M
Q4 24
$-56.0M
Q3 24
$471.0M
Q2 24
$359.0M
Gross Margin
H
H
PLXS
PLXS
Q1 26
9.9%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
H
H
PLXS
PLXS
Q1 26
5.1%
Q4 25
0.4%
Q3 25
-1.0%
Q2 25
2.1%
Q1 25
3.0%
Q4 24
-3.0%
Q3 24
37.3%
Q2 24
27.1%
Net Margin
H
H
PLXS
PLXS
Q1 26
3.8%
Q4 25
-1.1%
Q3 25
-2.7%
Q2 25
-0.2%
Q1 25
1.2%
Q4 24
-3.5%
Q3 24
28.9%
Q2 24
21.1%
EPS (diluted)
H
H
PLXS
PLXS
Q1 26
$1.51
Q4 25
$-0.20
Q3 25
$-0.51
Q2 25
$-0.03
Q1 25
$0.19
Q4 24
$-0.37
Q3 24
$4.63
Q2 24
$3.46

Balance Sheet & Financial Strength

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

Metric
H
H
PLXS
PLXS
Cash + ST InvestmentsLiquidity on hand
$813.0M
$303.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.3B
$1.5B
Total Assets
$14.0B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
H
H
PLXS
PLXS
Q1 26
$248.8M
Q4 25
$813.0M
Q3 25
$749.0M
Q2 25
$912.0M
Q1 25
$1.8B
Q4 24
$1.4B
Q3 24
$1.1B
Q2 24
$2.0B
Total Debt
H
H
PLXS
PLXS
Q1 26
Q4 25
Q3 25
$6.0B
Q2 25
$6.0B
Q1 25
$4.3B
Q4 24
$3.8B
Q3 24
$3.1B
Q2 24
$3.9B
Stockholders' Equity
H
H
PLXS
PLXS
Q1 26
$1.5B
Q4 25
$3.3B
Q3 25
$3.5B
Q2 25
$3.6B
Q1 25
$3.5B
Q4 24
$3.5B
Q3 24
$3.7B
Q2 24
$3.9B
Total Assets
H
H
PLXS
PLXS
Q1 26
$3.2B
Q4 25
$14.0B
Q3 25
$15.7B
Q2 25
$15.9B
Q1 25
$14.0B
Q4 24
$13.3B
Q3 24
$11.9B
Q2 24
$12.8B
Debt / Equity
H
H
PLXS
PLXS
Q1 26
Q4 25
Q3 25
1.73×
Q2 25
1.69×
Q1 25
1.25×
Q4 24
1.07×
Q3 24
0.85×
Q2 24
1.01×

Cash Flow & Capital Efficiency

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

Metric
H
H
PLXS
PLXS
Operating Cash FlowLast quarter
$313.0M
Free Cash FlowOCF − Capex
$236.0M
FCF MarginFCF / Revenue
13.2%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$159.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
H
H
PLXS
PLXS
Q1 26
Q4 25
$313.0M
Q3 25
$-20.0M
Q2 25
$-67.0M
Q1 25
$153.0M
Q4 24
$235.0M
Q3 24
$-21.0M
Q2 24
$177.0M
Free Cash Flow
H
H
PLXS
PLXS
Q1 26
Q4 25
$236.0M
Q3 25
$-89.0M
Q2 25
$-111.0M
Q1 25
$123.0M
Q4 24
$184.0M
Q3 24
$-64.0M
Q2 24
$135.0M
FCF Margin
H
H
PLXS
PLXS
Q1 26
Q4 25
13.2%
Q3 25
-5.0%
Q2 25
-6.1%
Q1 25
7.2%
Q4 24
11.5%
Q3 24
-3.9%
Q2 24
7.9%
Capex Intensity
H
H
PLXS
PLXS
Q1 26
Q4 25
4.3%
Q3 25
3.9%
Q2 25
2.4%
Q1 25
1.7%
Q4 24
3.2%
Q3 24
2.6%
Q2 24
2.5%
Cash Conversion
H
H
PLXS
PLXS
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
7.65×
Q4 24
Q3 24
-0.04×
Q2 24
0.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

H
H

Other$627.0M35%
Rooms Revenue$326.0M18%
Net Fees$290.0M16%
Distribution Segment$177.0M10%
Franchise And Other Fees$114.0M6%
Base Management Fees$112.0M6%
Incentive Management Fees$81.0M5%
Other Owned And Leased Hotel Revenue$41.0M2%
Contra Revenue$17.0M1%
Other Revenues$4.0M0%

PLXS
PLXS

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

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