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Side-by-side financial comparison of PLEXUS CORP (PLXS) and QXO, Inc. (QXO). Click either name above to swap in a different company.
QXO, Inc. is the larger business by last-quarter revenue ($2.2B vs $1.2B, roughly 1.9× PLEXUS CORP). PLEXUS CORP runs the higher net margin — 4.3% vs -4.1%, a 8.4% gap on every dollar of revenue. On growth, QXO, Inc. posted the faster year-over-year revenue change (14782.6% vs 18.7%).
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.
Brad Jacobs is an American businessman who is chairman and CEO of QXO, Inc.
PLXS vs QXO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $2.2B |
| Net Profit | $49.8M | $-90.3M |
| Gross Margin | 10.2% | — |
| Operating Margin | 5.3% | -3.2% |
| Net Margin | 4.3% | -4.1% |
| Revenue YoY | 18.7% | 14782.6% |
| Net Profit YoY | 27.5% | -899.4% |
| EPS (diluted) | $1.82 | $-0.21 |
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.
| Q1 26 | $1.1B | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $1.9B | ||
| Q3 23 | $1.0B | — | ||
| Q2 23 | $1.1B | — | ||
| Q4 22 | $1.2B | — | ||
| Q3 22 | $1.0B | — |
| Q1 26 | $41.2M | — | ||
| Q4 25 | — | $-90.3M | ||
| Q3 25 | — | $-139.4M | ||
| Q2 25 | — | $-58.5M | ||
| Q3 23 | $15.8M | — | ||
| Q2 23 | $40.8M | — | ||
| Q4 22 | $50.5M | — | ||
| Q3 22 | $37.5M | — |
| Q1 26 | 9.9% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 23.3% | ||
| Q2 25 | — | 21.1% | ||
| Q3 23 | 8.9% | — | ||
| Q2 23 | 9.4% | — | ||
| Q4 22 | 9.3% | — | ||
| Q3 22 | 9.2% | — |
| Q1 26 | 5.1% | — | ||
| Q4 25 | — | -3.2% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | -8.5% | ||
| Q3 23 | 2.7% | — | ||
| Q2 23 | 5.2% | — | ||
| Q4 22 | 5.4% | — | ||
| Q3 22 | 4.9% | — |
| Q1 26 | 3.8% | — | ||
| Q4 25 | — | -4.1% | ||
| Q3 25 | — | -5.1% | ||
| Q2 25 | — | -3.1% | ||
| Q3 23 | 1.5% | — | ||
| Q2 23 | 3.7% | — | ||
| Q4 22 | 4.4% | — | ||
| Q3 22 | 3.7% | — |
| Q1 26 | $1.51 | — | ||
| Q4 25 | — | $-0.21 | ||
| Q3 25 | — | $-0.24 | ||
| Q2 25 | — | $-0.15 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $303.1M | $2.4B |
| Total DebtLower is stronger | — | $3.1B |
| Stockholders' EquityBook value | $1.5B | $9.7B |
| Total Assets | $3.4B | $15.9B |
| Debt / EquityLower = less leverage | — | 0.31× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $248.8M | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q3 23 | $253.0M | — | ||
| Q2 23 | $269.7M | — | ||
| Q4 22 | $274.8M | — | ||
| Q3 22 | $276.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.1B | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — |
| Q1 26 | $1.5B | — | ||
| Q4 25 | — | $9.7B | ||
| Q3 25 | — | $9.8B | ||
| Q2 25 | — | $9.9B | ||
| Q3 23 | $1.2B | — | ||
| Q2 23 | $1.2B | — | ||
| Q4 22 | $1.1B | — | ||
| Q3 22 | $1.1B | — |
| Q1 26 | $3.2B | — | ||
| Q4 25 | — | $15.9B | ||
| Q3 25 | — | $16.6B | ||
| Q2 25 | — | $17.1B | ||
| Q3 23 | $3.4B | — | ||
| Q2 23 | $3.4B | — | ||
| Q4 22 | $3.4B | — | ||
| Q3 22 | $3.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.31× | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $186.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $186.6M | ||
| Q3 25 | — | $212.5M | ||
| Q2 25 | — | $-174.2M | ||
| Q3 23 | $18.8M | — | ||
| Q2 23 | $106.0M | — | ||
| Q4 22 | $-26.2M | — | ||
| Q3 22 | $-21.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $182.4M | ||
| Q2 25 | — | — | ||
| Q3 23 | $-11.5M | — | ||
| Q2 23 | $79.5M | — | ||
| Q4 22 | $-127.9M | — | ||
| Q3 22 | $-42.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | — | ||
| Q3 23 | -1.1% | — | ||
| Q2 23 | 7.3% | — | ||
| Q4 22 | -11.1% | — | ||
| Q3 22 | -4.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | — | ||
| Q3 23 | 2.9% | — | ||
| Q2 23 | 2.4% | — | ||
| Q4 22 | 8.8% | — | ||
| Q3 22 | 2.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q3 23 | 1.19× | — | ||
| Q2 23 | 2.59× | — | ||
| Q4 22 | -0.52× | — | ||
| Q3 22 | -0.57× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PLXS
| Asia-Pacific | $652.0M | 56% |
| Americas | $397.0M | 34% |
| Europe, Middle East and Africa | $116.0M | 10% |
QXO
Segment breakdown not available.
