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Side-by-side financial comparison of Loews Corporation (L) 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 $827.0M, roughly 1.4× Loews Corporation). Loews Corporation runs the higher net margin — 48.6% vs 4.3%, a 44.3% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs 4.8%). Over the past eight quarters, Loews Corporation's revenue compounded faster (7.9% CAGR vs 7.2%).

Loews Corporation is a diversified US-based conglomerate that operates across multiple key industry segments through its subsidiaries. Its core business lines include property and casualty insurance, natural gas pipeline transportation, hospitality services, and upstream oil and gas exploration and production, primarily serving commercial, consumer and industrial clients across North American markets.

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.

L vs PLXS — Head-to-Head

Bigger by revenue
PLXS
PLXS
1.4× larger
PLXS
$1.2B
$827.0M
L
Growing faster (revenue YoY)
PLXS
PLXS
+13.9% gap
PLXS
18.7%
4.8%
L
Higher net margin
L
L
44.3% more per $
L
48.6%
4.3%
PLXS
Faster 2-yr revenue CAGR
L
L
Annualised
L
7.9%
7.2%
PLXS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
L
L
PLXS
PLXS
Revenue
$827.0M
$1.2B
Net Profit
$402.0M
$49.8M
Gross Margin
10.2%
Operating Margin
65.4%
5.3%
Net Margin
48.6%
4.3%
Revenue YoY
4.8%
18.7%
Net Profit YoY
115.0%
27.5%
EPS (diluted)
$1.93
$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
L
L
PLXS
PLXS
Q1 26
$1.1B
Q4 25
$827.0M
Q3 25
$732.0M
Q2 25
$769.0M
Q1 25
$846.0M
Q4 24
$789.0M
Q3 24
$683.0M
Q2 24
$711.0M
Net Profit
L
L
PLXS
PLXS
Q1 26
$41.2M
Q4 25
$402.0M
Q3 25
$504.0M
Q2 25
$391.0M
Q1 25
$370.0M
Q4 24
$187.0M
Q3 24
$401.0M
Q2 24
$369.0M
Gross Margin
L
L
PLXS
PLXS
Q1 26
9.9%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
L
L
PLXS
PLXS
Q1 26
5.1%
Q4 25
65.4%
Q3 25
94.1%
Q2 25
70.1%
Q1 25
60.8%
Q4 24
23.8%
Q3 24
80.5%
Q2 24
71.3%
Net Margin
L
L
PLXS
PLXS
Q1 26
3.8%
Q4 25
48.6%
Q3 25
68.9%
Q2 25
50.8%
Q1 25
43.7%
Q4 24
23.7%
Q3 24
58.7%
Q2 24
51.9%
EPS (diluted)
L
L
PLXS
PLXS
Q1 26
$1.51
Q4 25
$1.93
Q3 25
$2.43
Q2 25
$1.87
Q1 25
$1.74
Q4 24
$0.87
Q3 24
$1.82
Q2 24
$1.67

Balance Sheet & Financial Strength

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

Metric
L
L
PLXS
PLXS
Cash + ST InvestmentsLiquidity on hand
$6.0B
$303.1M
Total DebtLower is stronger
$8.4B
Stockholders' EquityBook value
$18.7B
$1.5B
Total Assets
$86.3B
$3.4B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
L
L
PLXS
PLXS
Q1 26
$248.8M
Q4 25
$6.0B
Q3 25
$5.4B
Q2 25
$4.5B
Q1 25
$4.4B
Q4 24
$4.6B
Q3 24
$5.2B
Q2 24
$4.9B
Total Debt
L
L
PLXS
PLXS
Q1 26
Q4 25
$8.4B
Q3 25
$8.4B
Q2 25
$7.9B
Q1 25
$8.4B
Q4 24
$8.9B
Q3 24
$8.8B
Q2 24
$8.6B
Stockholders' Equity
L
L
PLXS
PLXS
Q1 26
$1.5B
Q4 25
$18.7B
Q3 25
$18.3B
Q2 25
$17.5B
Q1 25
$17.2B
Q4 24
$17.1B
Q3 24
$17.4B
Q2 24
$16.4B
Total Assets
L
L
PLXS
PLXS
Q1 26
$3.2B
Q4 25
$86.3B
Q3 25
$85.9B
Q2 25
$84.7B
Q1 25
$83.1B
Q4 24
$81.9B
Q3 24
$83.6B
Q2 24
$81.1B
Debt / Equity
L
L
PLXS
PLXS
Q1 26
Q4 25
0.45×
Q3 25
0.46×
Q2 25
0.45×
Q1 25
0.49×
Q4 24
0.52×
Q3 24
0.51×
Q2 24
0.52×

Cash Flow & Capital Efficiency

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

Metric
L
L
PLXS
PLXS
Operating Cash FlowLast quarter
$617.0M
Free Cash FlowOCF − Capex
$426.0M
FCF MarginFCF / Revenue
51.5%
Capex IntensityCapex / Revenue
23.1%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$2.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
L
L
PLXS
PLXS
Q1 26
Q4 25
$617.0M
Q3 25
$920.0M
Q2 25
$1.0B
Q1 25
$736.0M
Q4 24
$941.0M
Q3 24
$934.0M
Q2 24
$952.0M
Free Cash Flow
L
L
PLXS
PLXS
Q1 26
Q4 25
$426.0M
Q3 25
$764.0M
Q2 25
$872.0M
Q1 25
$638.0M
Q4 24
$767.0M
Q3 24
$794.0M
Q2 24
$793.0M
FCF Margin
L
L
PLXS
PLXS
Q1 26
Q4 25
51.5%
Q3 25
104.4%
Q2 25
113.4%
Q1 25
75.4%
Q4 24
97.2%
Q3 24
116.3%
Q2 24
111.5%
Capex Intensity
L
L
PLXS
PLXS
Q1 26
Q4 25
23.1%
Q3 25
21.3%
Q2 25
17.4%
Q1 25
11.6%
Q4 24
22.1%
Q3 24
20.5%
Q2 24
22.4%
Cash Conversion
L
L
PLXS
PLXS
Q1 26
Q4 25
1.53×
Q3 25
1.83×
Q2 25
2.57×
Q1 25
1.99×
Q4 24
5.03×
Q3 24
2.33×
Q2 24
2.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

L
L

Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services$601.0M73%
Lodging And Related Services$226.0M27%

PLXS
PLXS

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

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