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Side-by-side financial comparison of SANMINA CORP (SANM) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.

Stanley Black & Decker is the larger business by last-quarter revenue ($3.8B vs $3.2B, roughly 1.2× SANMINA CORP). SANMINA CORP runs the higher net margin — 1.5% vs 1.4%, a 0.2% gap on every dollar of revenue. On growth, SANMINA CORP posted the faster year-over-year revenue change (59.0% vs 0.1%). Stanley Black & Decker produced more free cash flow last quarter ($155.3M vs $91.9M). Over the past eight quarters, SANMINA CORP's revenue compounded faster (31.9% CAGR vs 0.3%).

Sanmina Corporation is an American electronics manufacturing services (EMS) provider headquartered in San Jose, California that serves original equipment manufacturers (OEMs) in communications and computer hardware fields. The firm has nearly 80 manufacturing sites, and is one of the world’s largest independent manufacturers of printed circuit boards and backplanes. As of 2022, it is ranked number 482 in the Fortune 500 list.

Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.

SANM vs SWK — Head-to-Head

Bigger by revenue
SWK
SWK
1.2× larger
SWK
$3.8B
$3.2B
SANM
Growing faster (revenue YoY)
SANM
SANM
+58.9% gap
SANM
59.0%
0.1%
SWK
Higher net margin
SANM
SANM
0.2% more per $
SANM
1.5%
1.4%
SWK
More free cash flow
SWK
SWK
$63.4M more FCF
SWK
$155.3M
$91.9M
SANM
Faster 2-yr revenue CAGR
SANM
SANM
Annualised
SANM
31.9%
0.3%
SWK

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
SANM
SANM
SWK
SWK
Revenue
$3.2B
$3.8B
Net Profit
$49.3M
$51.4M
Gross Margin
7.6%
31.4%
Operating Margin
2.3%
Net Margin
1.5%
1.4%
Revenue YoY
59.0%
0.1%
Net Profit YoY
-24.2%
-43.6%
EPS (diluted)
$0.89
$0.34

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
SANM
SANM
SWK
SWK
Q4 25
$3.2B
Q3 25
$2.1B
$3.8B
Q2 25
$2.0B
$3.9B
Q1 25
$2.0B
$3.7B
Q4 24
$2.0B
$3.7B
Q3 24
$2.0B
$3.8B
Q2 24
$1.8B
$4.0B
Q1 24
$1.8B
$3.9B
Net Profit
SANM
SANM
SWK
SWK
Q4 25
$49.3M
Q3 25
$48.1M
$51.4M
Q2 25
$68.6M
$101.9M
Q1 25
$64.2M
$90.4M
Q4 24
$65.0M
$194.9M
Q3 24
$61.4M
$91.1M
Q2 24
$51.6M
$-11.2M
Q1 24
$52.5M
$19.5M
Gross Margin
SANM
SANM
SWK
SWK
Q4 25
7.6%
Q3 25
9.1%
31.4%
Q2 25
8.9%
27.0%
Q1 25
8.9%
29.9%
Q4 24
8.4%
30.8%
Q3 24
8.5%
29.9%
Q2 24
8.3%
28.4%
Q1 24
8.4%
28.6%
Operating Margin
SANM
SANM
SWK
SWK
Q4 25
2.3%
Q3 25
3.7%
Q2 25
4.7%
Q1 25
4.6%
Q4 24
4.4%
3.4%
Q3 24
4.4%
10.6%
Q2 24
4.5%
9.5%
Q1 24
4.1%
8.3%
Net Margin
SANM
SANM
SWK
SWK
Q4 25
1.5%
Q3 25
2.3%
1.4%
Q2 25
3.4%
2.6%
Q1 25
3.2%
2.4%
Q4 24
3.2%
5.2%
Q3 24
3.0%
2.4%
Q2 24
2.8%
-0.3%
Q1 24
2.9%
0.5%
EPS (diluted)
SANM
SANM
SWK
SWK
Q4 25
$0.89
Q3 25
$0.88
$0.34
Q2 25
$1.26
$0.67
Q1 25
$1.16
$0.60
Q4 24
$1.16
$1.29
Q3 24
$1.09
$0.60
Q2 24
$0.91
$-0.07
Q1 24
$0.93
$0.13

Balance Sheet & Financial Strength

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

Metric
SANM
SANM
SWK
SWK
Cash + ST InvestmentsLiquidity on hand
$1.4B
$268.3M
Total DebtLower is stronger
$2.2B
$5.3B
Stockholders' EquityBook value
$2.7B
$9.0B
Total Assets
$9.8B
$21.8B
Debt / EquityLower = less leverage
0.82×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SANM
SANM
SWK
SWK
Q4 25
$1.4B
Q3 25
$926.3M
$268.3M
Q2 25
$797.9M
$311.8M
Q1 25
$647.1M
$344.8M
Q4 24
$642.4M
$290.5M
Q3 24
$625.9M
$298.7M
Q2 24
$657.7M
$318.5M
Q1 24
$650.9M
$476.6M
Total Debt
SANM
SANM
SWK
SWK
Q4 25
$2.2B
Q3 25
$300.5M
$5.3B
Q2 25
$5.6B
Q1 25
$5.6B
Q4 24
$6.1B
Q3 24
$6.1B
Q2 24
$6.1B
Q1 24
$6.1B
Stockholders' Equity
SANM
SANM
SWK
SWK
Q4 25
$2.7B
Q3 25
$2.5B
$9.0B
Q2 25
$2.5B
$9.1B
Q1 25
$2.4B
$8.8B
Q4 24
$2.4B
$8.7B
Q3 24
$2.4B
$8.9B
Q2 24
$2.3B
$8.7B
Q1 24
$2.3B
$8.9B
Total Assets
SANM
SANM
SWK
SWK
Q4 25
$9.8B
Q3 25
$5.9B
$21.8B
Q2 25
$5.2B
$22.5B
Q1 25
$5.0B
$22.5B
Q4 24
$4.8B
$21.8B
Q3 24
$4.8B
$22.5B
Q2 24
$4.7B
$22.5B
Q1 24
$4.7B
$23.9B
Debt / Equity
SANM
SANM
SWK
SWK
Q4 25
0.82×
Q3 25
0.12×
0.59×
Q2 25
0.62×
Q1 25
0.63×
Q4 24
0.70×
Q3 24
0.69×
Q2 24
0.70×
Q1 24
0.69×

Cash Flow & Capital Efficiency

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

Metric
SANM
SANM
SWK
SWK
Operating Cash FlowLast quarter
$178.7M
$221.2M
Free Cash FlowOCF − Capex
$91.9M
$155.3M
FCF MarginFCF / Revenue
2.9%
4.1%
Capex IntensityCapex / Revenue
2.7%
1.8%
Cash ConversionOCF / Net Profit
3.63×
4.30×
TTM Free Cash FlowTrailing 4 quarters
$518.3M
$369.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SANM
SANM
SWK
SWK
Q4 25
$178.7M
Q3 25
$199.1M
$221.2M
Q2 25
$200.8M
$214.3M
Q1 25
$156.9M
$-420.0M
Q4 24
$63.9M
$679.1M
Q3 24
$51.9M
$285.8M
Q2 24
$90.0M
$573.0M
Q1 24
$72.3M
$-431.0M
Free Cash Flow
SANM
SANM
SWK
SWK
Q4 25
$91.9M
Q3 25
$136.6M
$155.3M
Q2 25
$163.7M
$134.7M
Q1 25
$126.1M
$-485.0M
Q4 24
$46.9M
$564.6M
Q3 24
$27.2M
$199.3M
Q2 24
$67.2M
$485.8M
Q1 24
$42.7M
$-496.7M
FCF Margin
SANM
SANM
SWK
SWK
Q4 25
2.9%
Q3 25
6.5%
4.1%
Q2 25
8.0%
3.4%
Q1 25
6.4%
-13.0%
Q4 24
2.3%
15.2%
Q3 24
1.4%
5.3%
Q2 24
3.7%
12.1%
Q1 24
2.3%
-12.8%
Capex Intensity
SANM
SANM
SWK
SWK
Q4 25
2.7%
Q3 25
3.0%
1.8%
Q2 25
1.8%
2.0%
Q1 25
1.5%
1.7%
Q4 24
0.9%
3.1%
Q3 24
1.2%
2.3%
Q2 24
1.2%
2.2%
Q1 24
1.6%
1.7%
Cash Conversion
SANM
SANM
SWK
SWK
Q4 25
3.63×
Q3 25
4.14×
4.30×
Q2 25
2.93×
2.10×
Q1 25
2.44×
-4.65×
Q4 24
0.98×
3.48×
Q3 24
0.85×
3.14×
Q2 24
1.74×
Q1 24
1.38×
-22.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SANM
SANM

Industrial And Energy Medical Defense And Aerospace And Automotive And Transportation$1.2B38%
ZT Systems$1.1B34%
Other Segments CPS$434.3M14%
CPS Third Party Revenue$412.7M13%
Change In Accounting Method Accounted For As Change In Estimate$2.7M0%

SWK
SWK

Tools And Outdoor Segment$3.3B87%
Engineered Fastening Segment$500.5M13%

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