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Side-by-side financial comparison of PLEXUS CORP (PLXS) and SCOTTS MIRACLE-GRO CO (SMG). Click either name above to swap in a different company.

SCOTTS MIRACLE-GRO CO is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.3× PLEXUS CORP). SCOTTS MIRACLE-GRO CO runs the higher net margin — 16.3% vs 4.3%, a 12.1% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs -16.9%). Over the past eight quarters, SCOTTS MIRACLE-GRO CO's revenue compounded faster (10.2% 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.

The Scotts Miracle-Gro Company is an American multinational corporation headquartered in Marysville, Ohio, where O.M. Scott began selling lawn seed in 1868. The company manufactures and sells consumer lawn, garden and pest control products, as well as soilless indoor gardening equipment. In the U.S., the company manufactures Scotts, Miracle-Gro and Ortho brands. It also markets and distributes the herbicide Roundup in the U.S. and several international markets including China.

PLXS vs SMG — Head-to-Head

Bigger by revenue
SMG
SMG
1.3× larger
SMG
$1.5B
$1.2B
PLXS
Growing faster (revenue YoY)
PLXS
PLXS
+35.6% gap
PLXS
18.7%
-16.9%
SMG
Higher net margin
SMG
SMG
12.1% more per $
SMG
16.3%
4.3%
PLXS
Faster 2-yr revenue CAGR
SMG
SMG
Annualised
SMG
10.2%
7.2%
PLXS

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
PLXS
PLXS
SMG
SMG
Revenue
$1.2B
$1.5B
Net Profit
$49.8M
$238.6M
Gross Margin
10.2%
41.8%
Operating Margin
5.3%
27.5%
Net Margin
4.3%
16.3%
Revenue YoY
18.7%
-16.9%
Net Profit YoY
27.5%
61.2%
EPS (diluted)
$1.82
$-2.00

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
PLXS
PLXS
SMG
SMG
Q1 26
$1.1B
$1.5B
Q4 25
$354.4M
Q3 25
$387.3M
Q2 25
$1.2B
Q1 25
$1.4B
Q4 24
$416.8M
Q3 24
$414.7M
Q2 24
$1.2B
Net Profit
PLXS
PLXS
SMG
SMG
Q1 26
$41.2M
$238.6M
Q4 25
$-125.0M
Q3 25
Q2 25
$149.1M
Q1 25
$217.5M
Q4 24
$-69.5M
Q3 24
Q2 24
$132.1M
Gross Margin
PLXS
PLXS
SMG
SMG
Q1 26
9.9%
41.8%
Q4 25
25.0%
Q3 25
6.1%
Q2 25
31.8%
Q1 25
38.6%
Q4 24
22.7%
Q3 24
-7.1%
Q2 24
29.5%
Operating Margin
PLXS
PLXS
SMG
SMG
Q1 26
5.1%
27.5%
Q4 25
-6.2%
Q3 25
-38.8%
Q2 25
18.1%
Q1 25
24.3%
Q4 24
-12.2%
Q3 24
-52.1%
Q2 24
16.6%
Net Margin
PLXS
PLXS
SMG
SMG
Q1 26
3.8%
16.3%
Q4 25
-35.3%
Q3 25
Q2 25
12.6%
Q1 25
15.3%
Q4 24
-16.7%
Q3 24
Q2 24
11.0%
EPS (diluted)
PLXS
PLXS
SMG
SMG
Q1 26
$1.51
$-2.00
Q4 25
$-2.16
Q3 25
$-2.58
Q2 25
$2.54
Q1 25
$3.72
Q4 24
$-1.21
Q3 24
$-4.21
Q2 24
$2.28

Balance Sheet & Financial Strength

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

Metric
PLXS
PLXS
SMG
SMG
Cash + ST InvestmentsLiquidity on hand
$303.1M
$6.2M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$1.5B
Total Assets
$3.4B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLXS
PLXS
SMG
SMG
Q1 26
$248.8M
$6.2M
Q4 25
$8.3M
Q3 25
$36.6M
Q2 25
$51.1M
Q1 25
$16.9M
Q4 24
$9.8M
Q3 24
$71.6M
Q2 24
$279.9M
Total Debt
PLXS
PLXS
SMG
SMG
Q1 26
$2.3B
Q4 25
Q3 25
$2.1B
Q2 25
Q1 25
Q4 24
Q3 24
$2.2B
Q2 24
Stockholders' Equity
PLXS
PLXS
SMG
SMG
Q1 26
$1.5B
Q4 25
$-500.6M
Q3 25
$-357.5M
Q2 25
$-170.9M
Q1 25
$-290.1M
Q4 24
$-479.5M
Q3 24
$-390.6M
Q2 24
$-146.2M
Total Assets
PLXS
PLXS
SMG
SMG
Q1 26
$3.2B
$3.4B
Q4 25
$3.0B
Q3 25
$2.7B
Q2 25
$3.1B
Q1 25
$3.5B
Q4 24
$3.2B
Q3 24
$2.9B
Q2 24
$3.5B

Financial Flow Comparison

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

Revenue Breakdown by Segment

PLXS
PLXS

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

SMG
SMG

Segment breakdown not available.

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