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Side-by-side financial comparison of PLEXUS CORP (PLXS) and NCR Voyix Corp (VYX). Click either name above to swap in a different company.
PLEXUS CORP is the larger business by last-quarter revenue ($1.2B vs $720.0M, roughly 1.6× NCR Voyix Corp). NCR Voyix Corp runs the higher net margin — 13.6% vs 4.3%, a 9.3% 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 0.7%).
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.
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
PLXS vs VYX — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $720.0M |
| Net Profit | $49.8M | $98.0M |
| Gross Margin | 10.2% | — |
| Operating Margin | 5.3% | 2.4% |
| Net Margin | 4.3% | 13.6% |
| Revenue YoY | 18.7% | 6.2% |
| Net Profit YoY | 27.5% | 990.9% |
| EPS (diluted) | $1.82 | $0.64 |
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 | — | $720.0M | ||
| Q3 25 | — | $684.0M | ||
| Q2 25 | — | $666.0M | ||
| Q1 25 | — | $617.0M | ||
| Q4 24 | — | $678.0M | ||
| Q3 24 | — | $708.0M | ||
| Q2 24 | — | $722.0M |
| Q1 26 | $41.2M | — | ||
| Q4 25 | — | $98.0M | ||
| Q3 25 | — | $-19.0M | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-11.0M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $-73.0M |
| Q1 26 | 9.9% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.4% | ||
| Q2 24 | — | 17.5% |
| Q1 26 | 5.1% | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | -4.7% |
| Q1 26 | 3.8% | — | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | -2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -2.8% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | — | 152.8% | ||
| Q2 24 | — | -10.1% |
| Q1 26 | $1.51 | — | ||
| Q4 25 | — | $0.64 | ||
| Q3 25 | — | $-0.16 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | — | $7.41 | ||
| Q2 24 | — | $-0.53 |
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 | $231.0M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $1.5B | $948.0M |
| Total Assets | $3.4B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.17× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $248.8M | — | ||
| Q4 25 | — | $231.0M | ||
| Q3 25 | — | $282.0M | ||
| Q2 25 | — | $276.0M | ||
| Q1 25 | — | $573.0M | ||
| Q4 24 | — | $722.0M | ||
| Q3 24 | — | $792.0M | ||
| Q2 24 | — | $203.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.5B | — | ||
| Q4 25 | — | $948.0M | ||
| Q3 25 | — | $848.0M | ||
| Q2 25 | — | $867.0M | ||
| Q1 25 | — | $857.0M | ||
| Q4 24 | — | $933.0M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $-85.0M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.17× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $60.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.61× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $60.0M | ||
| Q3 25 | — | $14.0M | ||
| Q2 25 | — | $-242.0M | ||
| Q1 25 | — | $-42.0M | ||
| Q4 24 | — | $-170.0M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $62.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $10.0M | ||
| Q2 25 | — | $-249.0M | ||
| Q1 25 | — | $-50.0M | ||
| Q4 24 | — | $-177.0M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $49.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -37.4% | ||
| Q1 25 | — | -8.1% | ||
| Q4 24 | — | -26.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 6.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.01× | ||
| Q2 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% |
VYX
| Services | $484.0M | 67% |
| Products | $236.0M | 33% |
