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Side-by-side financial comparison of PLEXUS CORP (PLXS) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
Snowflake Inc. is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× PLEXUS CORP). PLEXUS CORP runs the higher net margin — 4.3% vs -24.2%, a 28.5% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs 18.7%). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% 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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
PLXS vs SNOW — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $49.8M | $-294.0M |
| Gross Margin | 10.2% | 67.8% |
| Operating Margin | 5.3% | -27.2% |
| Net Margin | 4.3% | -24.2% |
| Revenue YoY | 18.7% | 28.7% |
| Net Profit YoY | 27.5% | 9.4% |
| EPS (diluted) | $1.82 | $-0.87 |
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 | — | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $986.8M | ||
| Q4 24 | — | $942.1M | ||
| Q3 24 | — | $868.8M | ||
| Q2 24 | — | $828.7M |
| Q1 26 | $41.2M | — | ||
| Q4 25 | — | $-294.0M | ||
| Q3 25 | — | $-298.0M | ||
| Q2 25 | — | $-430.1M | ||
| Q1 25 | — | $-327.5M | ||
| Q4 24 | — | $-324.3M | ||
| Q3 24 | — | $-316.9M | ||
| Q2 24 | — | $-317.0M |
| Q1 26 | 9.9% | — | ||
| Q4 25 | — | 67.8% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 66.5% | ||
| Q1 25 | — | 66.2% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 66.8% | ||
| Q2 24 | — | 67.1% |
| Q1 26 | 5.1% | — | ||
| Q4 25 | — | -27.2% | ||
| Q3 25 | — | -29.7% | ||
| Q2 25 | — | -42.9% | ||
| Q1 25 | — | -39.2% | ||
| Q4 24 | — | -38.8% | ||
| Q3 24 | — | -40.9% | ||
| Q2 24 | — | -42.1% |
| Q1 26 | 3.8% | — | ||
| Q4 25 | — | -24.2% | ||
| Q3 25 | — | -26.0% | ||
| Q2 25 | — | -41.3% | ||
| Q1 25 | — | -33.2% | ||
| Q4 24 | — | -34.4% | ||
| Q3 24 | — | -36.5% | ||
| Q2 24 | — | -38.3% |
| Q1 26 | $1.51 | — | ||
| Q4 25 | — | $-0.87 | ||
| Q3 25 | — | $-0.89 | ||
| Q2 25 | — | $-1.29 | ||
| Q1 25 | — | $-0.98 | ||
| Q4 24 | — | $-0.98 | ||
| Q3 24 | — | $-0.95 | ||
| Q2 24 | — | $-0.95 |
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 | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $2.1B |
| Total Assets | $3.4B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $248.8M | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B |
| Q1 26 | $1.5B | — | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.6B |
| Q1 26 | $3.2B | — | ||
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | — | $8.2B | ||
| Q1 25 | — | $9.0B | ||
| Q4 24 | — | $8.2B | ||
| Q3 24 | — | $6.9B | ||
| Q2 24 | — | $7.3B |
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 | — | $137.5M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $137.5M | ||
| Q3 25 | — | $74.9M | ||
| Q2 25 | — | $228.4M | ||
| Q1 25 | — | $432.7M | ||
| Q4 24 | — | $101.7M | ||
| Q3 24 | — | $69.9M | ||
| Q2 24 | — | $355.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $58.2M | ||
| Q2 25 | — | $183.4M | ||
| Q1 25 | — | $421.4M | ||
| Q4 24 | — | $88.3M | ||
| Q3 24 | — | $64.8M | ||
| Q2 24 | — | $338.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 42.7% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 40.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 2.0% |
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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
