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Side-by-side financial comparison of PLEXUS CORP (PLXS) and Stagwell Inc (STGW). Click either name above to swap in a different company.

PLEXUS CORP is the larger business by last-quarter revenue ($1.2B vs $704.1M, roughly 1.7× Stagwell Inc). PLEXUS CORP runs the higher net margin — 4.3% vs -2.0%, a 6.3% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs 8.0%). Over the past eight quarters, PLEXUS CORP's revenue compounded faster (7.2% CAGR vs 2.4%).

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.

Stagwell Inc., formerly The Stagwell Group, is a global marketing and communications group founded in 2015 by Mark Penn. In 2020, The Stagwell Group announced plans to merge with its affiliate MDC Partners. The merger was completed in August 2021.

PLXS vs STGW — Head-to-Head

Bigger by revenue
PLXS
PLXS
1.7× larger
PLXS
$1.2B
$704.1M
STGW
Growing faster (revenue YoY)
PLXS
PLXS
+10.7% gap
PLXS
18.7%
8.0%
STGW
Higher net margin
PLXS
PLXS
6.3% more per $
PLXS
4.3%
-2.0%
STGW
Faster 2-yr revenue CAGR
PLXS
PLXS
Annualised
PLXS
7.2%
2.4%
STGW

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
PLXS
PLXS
STGW
STGW
Revenue
$1.2B
$704.1M
Net Profit
$49.8M
$-13.9M
Gross Margin
10.2%
Operating Margin
5.3%
1.4%
Net Margin
4.3%
-2.0%
Revenue YoY
18.7%
8.0%
Net Profit YoY
27.5%
-344.7%
EPS (diluted)
$1.82
$-0.05

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
STGW
STGW
Q1 26
$1.1B
$704.1M
Q4 25
$807.4M
Q3 25
$743.0M
Q2 25
$706.8M
Q1 25
$651.7M
Q4 24
$788.7M
Q3 24
$711.3M
Q2 24
$671.2M
Net Profit
PLXS
PLXS
STGW
STGW
Q1 26
$41.2M
$-13.9M
Q4 25
$12.7M
Q3 25
$24.6M
Q2 25
$-5.3M
Q1 25
$-2.9M
Q4 24
$3.2M
Q3 24
$3.3M
Q2 24
$-3.0M
Gross Margin
PLXS
PLXS
STGW
STGW
Q1 26
9.9%
Q4 25
37.6%
Q3 25
36.6%
Q2 25
35.0%
Q1 25
36.8%
Q4 24
36.3%
Q3 24
35.7%
Q2 24
34.6%
Operating Margin
PLXS
PLXS
STGW
STGW
Q1 26
5.1%
1.4%
Q4 25
7.0%
Q3 25
8.2%
Q2 25
3.3%
Q1 25
2.8%
Q4 24
5.5%
Q3 24
5.9%
Q2 24
3.3%
Net Margin
PLXS
PLXS
STGW
STGW
Q1 26
3.8%
-2.0%
Q4 25
1.6%
Q3 25
3.3%
Q2 25
-0.7%
Q1 25
-0.4%
Q4 24
0.4%
Q3 24
0.5%
Q2 24
-0.4%
EPS (diluted)
PLXS
PLXS
STGW
STGW
Q1 26
$1.51
$-0.05
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Balance Sheet & Financial Strength

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

Metric
PLXS
PLXS
STGW
STGW
Cash + ST InvestmentsLiquidity on hand
$303.1M
$114.9M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$1.5B
$722.5M
Total Assets
$3.4B
$4.2B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLXS
PLXS
STGW
STGW
Q1 26
$248.8M
$114.9M
Q4 25
$104.5M
Q3 25
$132.2M
Q2 25
$181.3M
Q1 25
$137.7M
Q4 24
$131.3M
Q3 24
$145.8M
Q2 24
$136.1M
Total Debt
PLXS
PLXS
STGW
STGW
Q1 26
$1.4B
Q4 25
$1.3B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.4B
Q3 24
$1.5B
Q2 24
$1.4B
Stockholders' Equity
PLXS
PLXS
STGW
STGW
Q1 26
$1.5B
$722.5M
Q4 25
$758.4M
Q3 25
$749.0M
Q2 25
$750.1M
Q1 25
$334.4M
Q4 24
$331.7M
Q3 24
$286.4M
Q2 24
$291.6M
Total Assets
PLXS
PLXS
STGW
STGW
Q1 26
$3.2B
$4.2B
Q4 25
$4.2B
Q3 25
$4.3B
Q2 25
$4.3B
Q1 25
$4.0B
Q4 24
$3.9B
Q3 24
$3.8B
Q2 24
$3.8B
Debt / Equity
PLXS
PLXS
STGW
STGW
Q1 26
1.99×
Q4 25
1.75×
Q3 25
2.04×
Q2 25
1.95×
Q1 25
4.38×
Q4 24
4.08×
Q3 24
5.11×
Q2 24
4.88×

Cash Flow & Capital Efficiency

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

Metric
PLXS
PLXS
STGW
STGW
Operating Cash FlowLast quarter
$-26.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLXS
PLXS
STGW
STGW
Q1 26
$-26.5M
Q4 25
$260.3M
Q3 25
$-24.0M
Q2 25
$114.8M
Q1 25
$-60.0M
Q4 24
$212.1M
Q3 24
$-1.6M
Q2 24
$-14.5M
Free Cash Flow
PLXS
PLXS
STGW
STGW
Q1 26
Q4 25
$242.9M
Q3 25
$-38.8M
Q2 25
$107.1M
Q1 25
$-63.9M
Q4 24
$209.9M
Q3 24
$-4.3M
Q2 24
$-23.0M
FCF Margin
PLXS
PLXS
STGW
STGW
Q1 26
Q4 25
30.1%
Q3 25
-5.2%
Q2 25
15.1%
Q1 25
-9.8%
Q4 24
26.6%
Q3 24
-0.6%
Q2 24
-3.4%
Capex Intensity
PLXS
PLXS
STGW
STGW
Q1 26
1.5%
Q4 25
2.2%
Q3 25
2.0%
Q2 25
1.1%
Q1 25
0.6%
Q4 24
0.3%
Q3 24
0.4%
Q2 24
1.3%
Cash Conversion
PLXS
PLXS
STGW
STGW
Q1 26
Q4 25
20.56×
Q3 25
-0.98×
Q2 25
Q1 25
Q4 24
65.56×
Q3 24
-0.49×
Q2 24

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%

STGW
STGW

Net$585.0M83%
Digital Transformation Net$97.0M14%
Other$22.1M3%

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