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Side-by-side financial comparison of PACS Group, Inc. (PACS) and PLEXUS CORP (PLXS). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× PLEXUS CORP). PACS Group, Inc. runs the higher net margin — 4.4% vs 4.3%, a 0.1% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs 18.4%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 7.2%).
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.
PACS vs PLXS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $59.7M | $49.8M |
| Gross Margin | — | 10.2% |
| Operating Margin | 7.0% | 5.3% |
| Net Margin | 4.4% | 4.3% |
| Revenue YoY | 18.4% | 18.7% |
| Net Profit YoY | 3022.5% | 27.5% |
| EPS (diluted) | $0.42 | $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.
| Q2 26 | — | $1.2B | ||
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — |
| Q2 26 | — | $49.8M | ||
| Q1 26 | — | $41.2M | ||
| Q4 25 | $59.7M | — | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $51.0M | — | ||
| Q1 25 | $28.5M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | $15.6M | — |
| Q2 26 | — | 10.2% | ||
| Q1 26 | — | 9.9% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.1% | — |
| Q2 26 | — | 5.3% | ||
| Q1 26 | — | 5.1% | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 2.2% | — |
| Q2 26 | — | 4.3% | ||
| Q1 26 | — | 3.8% | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 1.5% | — |
| Q2 26 | — | $1.82 | ||
| Q1 26 | — | $1.51 | ||
| Q4 25 | $0.42 | — | ||
| Q3 25 | $0.32 | — | ||
| Q2 25 | $0.31 | — | ||
| Q1 25 | $0.17 | — | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $0.10 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $197.0M | $303.1M |
| Total DebtLower is stronger | $353.2M | — |
| Stockholders' EquityBook value | $946.8M | $1.5B |
| Total Assets | $5.6B | $3.4B |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $303.1M | ||
| Q1 26 | — | $248.8M | ||
| Q4 25 | $197.0M | — | ||
| Q3 25 | $355.7M | — | ||
| Q2 25 | $294.2M | — | ||
| Q1 25 | $287.5M | — | ||
| Q4 24 | $157.7M | — | ||
| Q3 24 | $49.5M | — |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $353.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $411.9M | — | ||
| Q3 24 | — | — |
| Q2 26 | — | $1.5B | ||
| Q1 26 | — | $1.5B | ||
| Q4 25 | $946.8M | — | ||
| Q3 25 | $871.3M | — | ||
| Q2 25 | $806.8M | — | ||
| Q1 25 | $750.2M | — | ||
| Q4 24 | $709.6M | — | ||
| Q3 24 | $660.0M | — |
| Q2 26 | — | $3.4B | ||
| Q1 26 | — | $3.2B | ||
| Q4 25 | $5.6B | — | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $5.5B | — | ||
| Q1 25 | $5.5B | — | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $4.5B | — |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.37× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.4M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -0.06× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $-3.4M | — | ||
| Q3 25 | $204.8M | — | ||
| Q2 25 | $52.6M | — | ||
| Q1 25 | $150.2M | — | ||
| Q4 24 | $64.6M | — | ||
| Q3 24 | $209.2M | — |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | -0.06× | — | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 5.28× | — | ||
| Q4 24 | 33.78× | — | ||
| Q3 24 | 13.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PACS
Segment breakdown not available.
PLXS
| Asia-Pacific | $652.0M | 56% |
| Americas | $397.0M | 34% |
| Europe, Middle East and Africa | $116.0M | 10% |
