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Side-by-side financial comparison of Nomad Foods Ltd (NOMD) 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 $834.9M, roughly 1.4× Nomad Foods Ltd). On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs -2.6%).

Nomad Foods is the largest frozen food company in Europe, whose popular brands include Birds Eye, Ledo, Iglo, Findus, and Frikom. The company manufactures, sells and distributes a range of frozen food products across 22 European markets, with its headquarters in the United Kingdom. The most popular products in Nomad Foods’ portfolio include fish fingers, creamed spinach, peas and chicken. Nomad Foods is listed on the New York Stock Exchange trading under the ticker “NOMD”.

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.

NOMD vs PLXS — Head-to-Head

Bigger by revenue
PLXS
PLXS
1.4× larger
PLXS
$1.2B
$834.9M
NOMD
Growing faster (revenue YoY)
PLXS
PLXS
+21.3% gap
PLXS
18.7%
-2.6%
NOMD

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
NOMD
NOMD
PLXS
PLXS
Revenue
$834.9M
$1.2B
Net Profit
$49.8M
Gross Margin
25.6%
10.2%
Operating Margin
9.1%
5.3%
Net Margin
4.3%
Revenue YoY
-2.6%
18.7%
Net Profit YoY
27.5%
EPS (diluted)
$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
NOMD
NOMD
PLXS
PLXS
Q1 26
$1.1B
Q4 25
$834.9M
Q4 24
$856.9M
Q4 23
$821.7M
Q3 23
$1.0B
Q2 23
$1.1B
Q4 22
$810.2M
$1.2B
Q3 22
$1.0B
Net Profit
NOMD
NOMD
PLXS
PLXS
Q1 26
$41.2M
Q4 25
Q4 24
$55.5M
Q4 23
$26.7M
Q3 23
$15.8M
Q2 23
$40.8M
Q4 22
$40.1M
$50.5M
Q3 22
$37.5M
Gross Margin
NOMD
NOMD
PLXS
PLXS
Q1 26
9.9%
Q4 25
25.6%
Q4 24
28.5%
Q4 23
27.3%
Q3 23
8.9%
Q2 23
9.4%
Q4 22
25.7%
9.3%
Q3 22
9.2%
Operating Margin
NOMD
NOMD
PLXS
PLXS
Q1 26
5.1%
Q4 25
9.1%
Q4 24
11.5%
Q4 23
8.8%
Q3 23
2.7%
Q2 23
5.2%
Q4 22
8.7%
5.4%
Q3 22
4.9%
Net Margin
NOMD
NOMD
PLXS
PLXS
Q1 26
3.8%
Q4 25
Q4 24
6.5%
Q4 23
3.2%
Q3 23
1.5%
Q2 23
3.7%
Q4 22
4.9%
4.4%
Q3 22
3.7%
EPS (diluted)
NOMD
NOMD
PLXS
PLXS
Q1 26
$1.51
Q4 25
Q4 24
Q4 23
Q3 23
$0.56
Q2 23
$1.45
Q4 22
$1.76
Q3 22
$1.33

Balance Sheet & Financial Strength

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

Metric
NOMD
NOMD
PLXS
PLXS
Cash + ST InvestmentsLiquidity on hand
$303.1M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$2.7B
$1.5B
Total Assets
$6.8B
$3.4B
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOMD
NOMD
PLXS
PLXS
Q1 26
$248.8M
Q4 25
Q4 24
Q4 23
Q3 23
$253.0M
Q2 23
$269.7M
Q4 22
$399.0M
$274.8M
Q3 22
$276.6M
Total Debt
NOMD
NOMD
PLXS
PLXS
Q1 26
Q4 25
$2.5B
Q4 24
$2.4B
Q4 23
$2.3B
Q3 23
Q2 23
Q4 22
$2.3B
Q3 22
Stockholders' Equity
NOMD
NOMD
PLXS
PLXS
Q1 26
$1.5B
Q4 25
$2.7B
Q4 24
$2.9B
Q4 23
$2.8B
Q3 23
$1.2B
Q2 23
$1.2B
Q4 22
$2.8B
$1.1B
Q3 22
$1.1B
Total Assets
NOMD
NOMD
PLXS
PLXS
Q1 26
$3.2B
Q4 25
$6.8B
Q4 24
$6.9B
Q4 23
$6.9B
Q3 23
$3.4B
Q2 23
$3.4B
Q4 22
$6.8B
$3.4B
Q3 22
$3.2B
Debt / Equity
NOMD
NOMD
PLXS
PLXS
Q1 26
Q4 25
0.92×
Q4 24
0.82×
Q4 23
0.82×
Q3 23
Q2 23
Q4 22
0.83×
Q3 22

Cash Flow & Capital Efficiency

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

Metric
NOMD
NOMD
PLXS
PLXS
Operating Cash FlowLast quarter
$357.2M
Free Cash FlowOCF − Capex
$272.4M
FCF MarginFCF / Revenue
32.6%
Capex IntensityCapex / Revenue
10.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOMD
NOMD
PLXS
PLXS
Q1 26
Q4 25
$357.2M
Q4 24
$470.2M
Q4 23
$465.3M
Q3 23
$18.8M
Q2 23
$106.0M
Q4 22
$328.1M
$-26.2M
Q3 22
$-21.2M
Free Cash Flow
NOMD
NOMD
PLXS
PLXS
Q1 26
Q4 25
$272.4M
Q4 24
$383.5M
Q4 23
$376.3M
Q3 23
$-11.5M
Q2 23
$79.5M
Q4 22
$242.7M
$-127.9M
Q3 22
$-42.0M
FCF Margin
NOMD
NOMD
PLXS
PLXS
Q1 26
Q4 25
32.6%
Q4 24
44.8%
Q4 23
45.8%
Q3 23
-1.1%
Q2 23
7.3%
Q4 22
30.0%
-11.1%
Q3 22
-4.2%
Capex Intensity
NOMD
NOMD
PLXS
PLXS
Q1 26
Q4 25
10.2%
Q4 24
10.1%
Q4 23
10.8%
Q3 23
2.9%
Q2 23
2.4%
Q4 22
10.5%
8.8%
Q3 22
2.1%
Cash Conversion
NOMD
NOMD
PLXS
PLXS
Q1 26
Q4 25
Q4 24
8.47×
Q4 23
17.44×
Q3 23
1.19×
Q2 23
2.59×
Q4 22
8.19×
-0.52×
Q3 22
-0.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOMD
NOMD

Segment breakdown not available.

PLXS
PLXS

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

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