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Side-by-side financial comparison of Hub Group, Inc. (HUBG) 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 $934.5M, roughly 1.2× Hub Group, Inc.). PLEXUS CORP runs the higher net margin — 4.3% vs 3.1%, a 1.2% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs -5.3%). Over the past eight quarters, PLEXUS CORP's revenue compounded faster (7.2% CAGR vs -2.6%).

Hub Group, Inc. is a transportation and logistics management company in North America. A publicly traded company with over $5 billion in revenue, Hub Group was founded in 1971 by Phillip Yeager, and is currently run by his grandson, Phillip D. Yeager. The company went public in 1996, and is headquartered in Oak Brook, Illinois.

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.

HUBG vs PLXS — Head-to-Head

Bigger by revenue
PLXS
PLXS
1.2× larger
PLXS
$1.2B
$934.5M
HUBG
Growing faster (revenue YoY)
PLXS
PLXS
+24.0% gap
PLXS
18.7%
-5.3%
HUBG
Higher net margin
PLXS
PLXS
1.2% more per $
PLXS
4.3%
3.1%
HUBG
Faster 2-yr revenue CAGR
PLXS
PLXS
Annualised
PLXS
7.2%
-2.6%
HUBG

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
HUBG
HUBG
PLXS
PLXS
Revenue
$934.5M
$1.2B
Net Profit
$28.6M
$49.8M
Gross Margin
10.2%
Operating Margin
4.2%
5.3%
Net Margin
3.1%
4.3%
Revenue YoY
-5.3%
18.7%
Net Profit YoY
21.0%
27.5%
EPS (diluted)
$0.47
$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
HUBG
HUBG
PLXS
PLXS
Q1 26
$1.1B
Q3 25
$934.5M
Q2 25
$905.6M
Q1 25
$915.2M
Q4 24
$973.5M
Q3 24
$986.9M
Q2 24
$986.5M
Q1 24
$999.5M
Net Profit
HUBG
HUBG
PLXS
PLXS
Q1 26
$41.2M
Q3 25
$28.6M
Q2 25
$25.2M
Q1 25
$26.8M
Q4 24
$24.3M
Q3 24
$23.6M
Q2 24
$29.0M
Q1 24
$27.1M
Gross Margin
HUBG
HUBG
PLXS
PLXS
Q1 26
9.9%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
HUBG
HUBG
PLXS
PLXS
Q1 26
5.1%
Q3 25
4.2%
Q2 25
3.8%
Q1 25
4.1%
Q4 24
3.2%
Q3 24
3.3%
Q2 24
4.0%
Q1 24
3.7%
Net Margin
HUBG
HUBG
PLXS
PLXS
Q1 26
3.8%
Q3 25
3.1%
Q2 25
2.8%
Q1 25
2.9%
Q4 24
2.5%
Q3 24
2.4%
Q2 24
2.9%
Q1 24
2.7%
EPS (diluted)
HUBG
HUBG
PLXS
PLXS
Q1 26
$1.51
Q3 25
$0.47
Q2 25
$0.42
Q1 25
$0.44
Q4 24
$0.40
Q3 24
$0.39
Q2 24
$0.47
Q1 24
$0.44

Balance Sheet & Financial Strength

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

Metric
HUBG
HUBG
PLXS
PLXS
Cash + ST InvestmentsLiquidity on hand
$119.7M
$303.1M
Total DebtLower is stronger
$255.0M
Stockholders' EquityBook value
$1.7B
$1.5B
Total Assets
$2.9B
$3.4B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUBG
HUBG
PLXS
PLXS
Q1 26
$248.8M
Q3 25
$119.7M
Q2 25
$137.0M
Q1 25
$112.7M
Q4 24
$98.2M
Q3 24
$186.1M
Q2 24
$220.2M
Q1 24
$195.4M
Total Debt
HUBG
HUBG
PLXS
PLXS
Q1 26
Q3 25
$255.0M
Q2 25
$231.9M
Q1 25
$252.1M
Q4 24
$264.4M
Q3 24
$287.1M
Q2 24
$313.1M
Q1 24
$334.8M
Stockholders' Equity
HUBG
HUBG
PLXS
PLXS
Q1 26
$1.5B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.6B
Total Assets
HUBG
HUBG
PLXS
PLXS
Q1 26
$3.2B
Q3 25
$2.9B
Q2 25
$2.8B
Q1 25
$2.8B
Q4 24
$2.9B
Q3 24
$2.8B
Q2 24
$2.9B
Q1 24
$2.9B
Debt / Equity
HUBG
HUBG
PLXS
PLXS
Q1 26
Q3 25
0.15×
Q2 25
0.14×
Q1 25
0.15×
Q4 24
0.16×
Q3 24
0.18×
Q2 24
0.19×
Q1 24
0.21×

Cash Flow & Capital Efficiency

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

Metric
HUBG
HUBG
PLXS
PLXS
Operating Cash FlowLast quarter
$28.1M
Free Cash FlowOCF − Capex
$19.4M
FCF MarginFCF / Revenue
2.1%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
0.98×
TTM Free Cash FlowTrailing 4 quarters
$113.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUBG
HUBG
PLXS
PLXS
Q1 26
Q3 25
$28.1M
Q2 25
$61.5M
Q1 25
$70.0M
Q4 24
$604.0K
Q3 24
$43.4M
Q2 24
$69.9M
Q1 24
$80.5M
Free Cash Flow
HUBG
HUBG
PLXS
PLXS
Q1 26
Q3 25
$19.4M
Q2 25
$50.2M
Q1 25
$50.8M
Q4 24
$-7.0M
Q3 24
$31.4M
Q2 24
$56.2M
Q1 24
$63.0M
FCF Margin
HUBG
HUBG
PLXS
PLXS
Q1 26
Q3 25
2.1%
Q2 25
5.5%
Q1 25
5.6%
Q4 24
-0.7%
Q3 24
3.2%
Q2 24
5.7%
Q1 24
6.3%
Capex Intensity
HUBG
HUBG
PLXS
PLXS
Q1 26
Q3 25
0.9%
Q2 25
1.2%
Q1 25
2.1%
Q4 24
0.8%
Q3 24
1.2%
Q2 24
1.4%
Q1 24
1.8%
Cash Conversion
HUBG
HUBG
PLXS
PLXS
Q1 26
Q3 25
0.98×
Q2 25
2.44×
Q1 25
2.61×
Q4 24
0.02×
Q3 24
1.84×
Q2 24
2.41×
Q1 24
2.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HUBG
HUBG

Intermodal$561.5M60%
Other$343.6M37%
Inter Segment$29.4M3%

PLXS
PLXS

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

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