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Side-by-side financial comparison of PLEXUS CORP (PLXS) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.
PLEXUS CORP is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.1× VALMONT INDUSTRIES INC). VALMONT INDUSTRIES INC runs the higher net margin — 10.5% vs 4.3%, a 6.2% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs 6.2%). Over the past eight quarters, PLEXUS CORP's revenue compounded faster (7.2% CAGR vs -0.5%).
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.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
PLXS vs VMI — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.0B |
| Net Profit | $49.8M | $108.0M |
| Gross Margin | 10.2% | 30.8% |
| Operating Margin | 5.3% | 15.1% |
| Net Margin | 4.3% | 10.5% |
| Revenue YoY | 18.7% | 6.2% |
| Net Profit YoY | 27.5% | 23.8% |
| EPS (diluted) | $1.82 | $5.51 |
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 | $1.0B | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $969.3M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B |
| Q2 26 | $49.8M | — | ||
| Q1 26 | $41.2M | $108.0M | ||
| Q4 25 | — | $168.0M | ||
| Q3 25 | — | $99.0M | ||
| Q2 25 | — | $-4.0M | ||
| Q1 25 | — | $87.3M | ||
| Q4 24 | — | $77.7M | ||
| Q3 24 | — | $83.1M |
| Q2 26 | 10.2% | — | ||
| Q1 26 | 9.9% | 30.8% | ||
| Q4 25 | — | 29.8% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 30.6% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 29.6% |
| Q2 26 | 5.3% | — | ||
| Q1 26 | 5.1% | 15.1% | ||
| Q4 25 | — | 11.2% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 13.2% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | — | 12.3% |
| Q2 26 | 4.3% | — | ||
| Q1 26 | 3.8% | 10.5% | ||
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | -0.4% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 8.1% |
| Q2 26 | $1.82 | — | ||
| Q1 26 | $1.51 | $5.51 | ||
| Q4 25 | — | $9.02 | ||
| Q3 25 | — | $4.98 | ||
| Q2 25 | — | $-1.53 | ||
| Q1 25 | — | $4.32 | ||
| Q4 24 | — | $3.85 | ||
| Q3 24 | — | $4.11 |
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 | $160.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $1.7B |
| Total Assets | $3.4B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $303.1M | — | ||
| Q1 26 | $248.8M | $160.2M | ||
| Q4 25 | — | $187.1M | ||
| Q3 25 | — | $226.1M | ||
| Q2 25 | — | $208.5M | ||
| Q1 25 | — | $184.4M | ||
| Q4 24 | — | $164.3M | ||
| Q3 24 | — | $200.5M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $795.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $730.6M | ||
| Q3 24 | — | — |
| Q2 26 | $1.5B | — | ||
| Q1 26 | $1.5B | $1.7B | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B |
| Q2 26 | $3.4B | — | ||
| Q1 26 | $3.2B | $3.4B | ||
| Q4 25 | — | $3.4B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.5B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | — |
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
