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Side-by-side financial comparison of PLEXUS CORP (PLXS) and Western Union CO (WU). Click either name above to swap in a different company.

PLEXUS CORP is the larger business by last-quarter revenue ($1.1B vs $982.7M, roughly 1.1× Western Union CO). Western Union CO runs the higher net margin — 6.6% vs 3.8%, a 2.7% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (9.6% vs 0.0%). Over the past eight quarters, PLEXUS CORP's revenue compounded faster (7.9% CAGR vs -1.9%).

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 Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.

PLXS vs WU — Head-to-Head

Bigger by revenue
PLXS
PLXS
1.1× larger
PLXS
$1.1B
$982.7M
WU
Growing faster (revenue YoY)
PLXS
PLXS
+9.6% gap
PLXS
9.6%
0.0%
WU
Higher net margin
WU
WU
2.7% more per $
WU
6.6%
3.8%
PLXS
Faster 2-yr revenue CAGR
PLXS
PLXS
Annualised
PLXS
7.9%
-1.9%
WU

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PLXS
PLXS
WU
WU
Revenue
$1.1B
$982.7M
Net Profit
$41.2M
$64.7M
Gross Margin
9.9%
Operating Margin
5.1%
12.5%
Net Margin
3.8%
6.6%
Revenue YoY
9.6%
0.0%
Net Profit YoY
-19.9%
-47.6%
EPS (diluted)
$1.51
$0.41

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
WU
WU
Q1 26
$1.1B
$982.7M
Q4 25
$972.0M
Q3 25
$985.3M
Q2 25
$983.6M
Q1 25
$938.7M
Q4 24
$1.0B
Q3 24
$993.4M
Q2 24
$1.0B
Net Profit
PLXS
PLXS
WU
WU
Q1 26
$41.2M
$64.7M
Q4 25
$114.4M
Q3 25
$139.6M
Q2 25
$122.1M
Q1 25
$123.5M
Q4 24
$385.7M
Q3 24
$264.8M
Q2 24
$141.0M
Gross Margin
PLXS
PLXS
WU
WU
Q1 26
9.9%
Q4 25
33.6%
Q3 25
34.7%
Q2 25
34.6%
Q1 25
34.0%
Q4 24
35.0%
Q3 24
34.2%
Q2 24
35.0%
Operating Margin
PLXS
PLXS
WU
WU
Q1 26
5.1%
12.5%
Q4 25
19.1%
Q3 25
20.5%
Q2 25
19.6%
Q1 25
18.9%
Q4 24
17.5%
Q3 24
16.6%
Q2 24
18.7%
Net Margin
PLXS
PLXS
WU
WU
Q1 26
3.8%
6.6%
Q4 25
11.8%
Q3 25
14.2%
Q2 25
12.4%
Q1 25
13.2%
Q4 24
37.9%
Q3 24
26.7%
Q2 24
13.8%
EPS (diluted)
PLXS
PLXS
WU
WU
Q1 26
$1.51
$0.41
Q4 25
$0.36
Q3 25
$0.43
Q2 25
$0.37
Q1 25
$0.36
Q4 24
$1.14
Q3 24
$0.78
Q2 24
$0.41

Balance Sheet & Financial Strength

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

Metric
PLXS
PLXS
WU
WU
Cash + ST InvestmentsLiquidity on hand
$248.8M
$909.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$910.5M
Total Assets
$3.2B
$8.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLXS
PLXS
WU
WU
Q1 26
$248.8M
$909.2M
Q4 25
$1.2B
Q3 25
$947.8M
Q2 25
$1.0B
Q1 25
$1.3B
Q4 24
$1.5B
Q3 24
$1.1B
Q2 24
$1.0B
Total Debt
PLXS
PLXS
WU
WU
Q1 26
Q4 25
$2.9B
Q3 25
$2.5B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$3.0B
Q3 24
$2.1B
Q2 24
$2.1B
Stockholders' Equity
PLXS
PLXS
WU
WU
Q1 26
$1.5B
$910.5M
Q4 25
$957.8M
Q3 25
$925.4M
Q2 25
$883.6M
Q1 25
$939.4M
Q4 24
$968.9M
Q3 24
$652.7M
Q2 24
$440.8M
Total Assets
PLXS
PLXS
WU
WU
Q1 26
$3.2B
$8.1B
Q4 25
$8.3B
Q3 25
$7.8B
Q2 25
$8.0B
Q1 25
$8.3B
Q4 24
$8.4B
Q3 24
$7.7B
Q2 24
$8.0B
Debt / Equity
PLXS
PLXS
WU
WU
Q1 26
Q4 25
3.01×
Q3 25
2.70×
Q2 25
2.83×
Q1 25
2.61×
Q4 24
3.04×
Q3 24
3.29×
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
WU
WU
Operating Cash FlowLast quarter
$109.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
1.68×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLXS
PLXS
WU
WU
Q1 26
$109.0M
Q4 25
$135.4M
Q3 25
$260.4M
Q2 25
$-300.0K
Q1 25
$148.2M
Q4 24
$134.0M
Q3 24
$212.1M
Q2 24
$-33.8M
Free Cash Flow
PLXS
PLXS
WU
WU
Q1 26
Q4 25
$115.5M
Q3 25
$252.7M
Q2 25
$-7.8M
Q1 25
$144.8M
Q4 24
$119.7M
Q3 24
$205.1M
Q2 24
$-38.9M
FCF Margin
PLXS
PLXS
WU
WU
Q1 26
Q4 25
11.9%
Q3 25
25.6%
Q2 25
-0.8%
Q1 25
15.4%
Q4 24
11.8%
Q3 24
20.6%
Q2 24
-3.8%
Capex Intensity
PLXS
PLXS
WU
WU
Q1 26
4.8%
Q4 25
2.0%
Q3 25
0.8%
Q2 25
0.8%
Q1 25
0.4%
Q4 24
1.4%
Q3 24
0.7%
Q2 24
0.5%
Cash Conversion
PLXS
PLXS
WU
WU
Q1 26
1.68×
Q4 25
1.18×
Q3 25
1.87×
Q2 25
-0.00×
Q1 25
1.20×
Q4 24
0.35×
Q3 24
0.80×
Q2 24
-0.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PLXS
PLXS

Asia-Pacific$612.0M57%
Americas$345.0M32%
Europe, Middle East and Africa$118.0M11%

WU
WU

Segment breakdown not available.

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