Benchmark Electronics Inc. (BHE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.69	$0.75	+8.7%	—	—	—
Q3 26	$0.64	$0.71	+10.9%	—	—	—
Q2 26	$0.57	$0.62	+8.8%	—	—	—
Q1 26	$0.54	$0.55	+1.9%	—	—	—
Q4 25	$0.5	$0.52	+4.0%	—	—	—
Q3 25	$0.56	$0.61	+8.9%	—	—	—
Q2 25	$0.54	$0.57	+5.6%	—	—	—
Q1 25	$0.5	$0.57	+14.0%	—	—	—
Q4 24	$0.46	$0.51	+10.9%	—	—	—
Q3 24	$0.56	$0.58	+3.6%	—	—	—
Q2 24	$0.52	$0.57	+9.6%	—	—	—
Q1 24	$0.47	$0.48	+2.1%	—	—	—
Q4 23	$0.42	$0.42	0.0%	—	—	—
Q3 23	$0.59	$0.6	+1.7%	—	—	—
Q2 23	$0.52	$0.57	+9.6%	—	—	—
Q1 23	$0.41	$0.5	+22.0%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.69	—	—	$2.7B	—
FY24	—	$1.76	—	—	$2.7B	—
FY23	—	$1.81	—	—	$2.8B	—
FY22	—	$1.94	—	—	$2.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.3B	$2.5B	$2.6B	$2.3B	$2.1B	$2.3B	$2.9B	$2.8B	$2.7B	$2.7B
YoY change	-8.6%	+5.69%	+4.56%	-11.6%	-9.48%	+9.85%	+28%	-1.64%	-6.44%	+0.11%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.3B	2.5B	2.6B	2.3B	2.1B	2.3B	2.9B	2.8B	2.7B	2.7B
Cost of revenue	2.1B	2.2B	2.4B	2.1B	1.9B	2B	2.6B	2.6B	2.4B	2.4B
Gross profit	214.7M	225.9M	205.8M	185.5M	175M	205.9M	255.2M	271.1M	270M	270.1M
Gross margin	9.24%	9.2%	8.02%	8.18%	8.53%	9.13%	8.84%	9.55%	10.2%	10.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	113.4M	130.4M	128.4M	126.7M	122.2M	136.7M	150.2M	147M	149.5M	159.7M
Operating expenses	113.4M	130.4M	128.4M	126.7M	122.2M	136.7M	150.2M	147M	149.5M	159.7M
Operating income	89.4M	85.5M	67.9M	49.3M	43.8M	62.8M	98.6M	118.1M	115.7M	105.6M
Operating margin	3.85%	3.48%	2.65%	2.17%	2.13%	2.79%	3.42%	4.16%	4.36%	3.97%
Non-operating income, net	-12.8M	-10.4M	-8.7M	-19.2M	-19.3M	-9.5M	-3.1M	-11.2M	-15.1M	-33.4M
Pretax income	69.4M	71M	55.5M	27.3M	17.3M	45.4M	84.3M	81.2M	83.9M	61.5M
Income tax	5.5M	102.9M	32.7M	3.8M	3.2M	9.6M	16.1M	16.9M	20.6M	36.7M
Net income	63.9M	-31.9M	22.8M	23.4M	14.1M	35.8M	68.2M	64.3M	63.3M	24.9M
Net margin	2.75%	-1.3%	0.89%	1.03%	0.68%	1.59%	2.36%	2.27%	2.38%	0.93%
EBITDA	146.4M	137.7M	127.2M	103.1M	93.1M	107.8M	150.1M	166.9M	163.3M	158.9M
EPS	1.3	-0.64	0.49	0.61	0.38	1	1.94	1.81	1.76	0.69
Diluted EPS	1.29	-0.64	0.49	0.6	0.38	0.99	1.91	1.79	1.72	0.68

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	719.7M	691.4M	675.6M	665.9M	657.7M	656.9M	631.8M	642.3M	680.7M	704.3M	677.3M	756M
Cost of revenue	650.6M	620.4M	608.2M	597.9M	591M	589M	568.6M	577.6M	612.7M	630.2M	608M	677.6M
Gross profit	69.1M	71M	67.4M	68M	66.7M	67.9M	63.2M	64.8M	67.9M	74.2M	69.2M	78.4M
Gross margin	9.6%	10.3%	9.98%	10.2%	10.1%	10.3%	10%	10.1%	9.98%	10.5%	10.2%	10.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	35.5M	35.6M	37.3M	38M	36.6M	37.5M	38.8M	40.6M	41.5M	38.8M	42.4M	46.1M
Operating expenses	35.5M	35.6M	37.3M	38M	36.6M	37.5M	38.8M	40.6M	41.5M	38.8M	42.4M	46.1M
Operating income	32M	34.2M	28.9M	28.7M	28.9M	29.3M	23.2M	23M	25.2M	34.2M	25.6M	31.1M
Operating margin	4.44%	4.94%	4.27%	4.31%	4.39%	4.45%	3.67%	3.58%	3.7%	4.86%	3.78%	4.11%
Non-operating income, net	749K	-5.2M	-4.5M	-3.8M	-4.7M	-2.1M	-12.2M	-3.2M	-2.2M	-15.9M	-5.5M	-588K
Pretax income	25.6M	22.3M	19.1M	20.5M	20.4M	23.9M	8.4M	16.6M	20.6M	15.9M	18.4M	28.7M
Income tax	5.2M	4.8M	5.1M	5M	5M	5.5M	4.8M	15.6M	6.3M	10M	5.4M	8.8M
Net income	20.4M	17.6M	14M	15.5M	15.4M	18.4M	3.6M	972K	14.3M	6M	13M	19.9M
Net margin	2.84%	2.54%	2.07%	2.33%	2.34%	2.8%	0.58%	0.15%	2.1%	0.85%	1.92%	2.63%
EBITDA	47.3M	44.4M	41.3M	40.4M	39.3M	42.3M	36.9M	37.5M	38.4M	46.1M	37.7M	45.3M
EPS	0.57	0.49	0.39	0.43	0.43	0.51	0.1	0.03	0.4	0.17	0.36	0.55
Diluted EPS	0.57	0.49	0.38	0.43	0.42	0.5	0.1	0.03	0.39	0.17	0.36	0.55

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.5B	1.4B	981.3M	—	986.5M	966.3M	938.9M	983M	1.6B	1.5B	3B
Enterprise value	1B	914.8M	677.3M	—	808M	915.7M	1.1B	1.2B	1.7B	1.5B	2.9B
Shares outstanding	49.3M	49.7M	46.3M	38.3M	36.5M	35.7M	35.2M	35.6M	36M	35.9M	35.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	23.5	—	43	—	70.2	27	13.8	15.3	25.8	61.7	56.7
P/S	0.65	0.59	0.38	—	0.48	0.43	0.33	0.35	0.61	0.58	1.06
P/B	1.1	1.08	0.87	—	1	0.99	0.91	0.91	1.47	1.39	2.66
EV/EBITDA	7.14	6.64	5.32	—	8.68	8.5	7.62	6.95	10.3	9.58	19.9
EV/Sales	0.45	0.37	0.26	—	0.39	0.41	0.4	0.41	0.63	0.57	1.04
Earnings yield	4.25%	—	2.33%	—	1.42%	3.7%	7.27%	6.54%	3.88%	1.62%	1.76%
FCF yield	16%	6.32%	1.01%	—	8.2%	-4.64%	-23.9%	9.82%	9.55%	5.57%	4.59%
PEG	—	—	—	—	—	—	—	—	—	—	0.03

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	9.24%	9.2%	8.02%	8.18%	8.53%	9.13%	8.84%	9.55%	10.2%	10.2%	10.4%
Operating margin	3.85%	3.48%	2.65%	2.17%	2.13%	2.79%	3.42%	4.16%	4.36%	3.97%	4.15%
Net margin	2.75%	-1.3%	0.89%	1.03%	0.68%	1.59%	2.36%	2.27%	2.38%	0.93%	1.89%
ROE	4.68%	-2.38%	2.02%	2.31%	1.42%	3.67%	6.65%	5.96%	5.69%	2.26%	4.78%
ROA	3.2%	-1.51%	1.2%	1.33%	0.81%	1.89%	3.06%	2.83%	2.96%	1.2%	3.1%
ROIC	9.07%	0%	3.37%	4.8%	4.38%	5.36%	6.48%	7.44%	7.5%	3.92%	6.84%
Return on tangible assets	3.96%	-1.85%	1.69%	1.91%	1.15%	2.59%	3.82%	3.4%	3.61%	1.47%	2.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.71	3.41	2.61	2.6	2.5	2.06	2.21	2.29	2.32	2.28	1.99
Quick ratio	2.79	2.85	2.04	1.92	1.82	1.26	1.23	1.33	1.46	1.52	1.31
Debt / equity	0.16	0.16	0.14	0.21	0.21	0.23	0.4	0.42	0.33	0.28	0.26
Debt / assets	0.11	0.1	0.08	0.12	0.12	0.12	0.18	0.2	0.17	0.15	0.13
Net debt / EBITDA	-3.13	-3.85	-2.39	-1.28	-1.92	-0.47	1.36	1.06	0.31	-0.08	-0.22
Interest coverage	8.46	8.55	6.3	5.09	3.07	6.36	7.54	3.55	4.12	4.05	6.26
Effective tax rate	7.89%	100%	58.9%	14.1%	18.7%	21.2%	19.1%	20.8%	24.5%	59.6%	36.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	47.1	49.4	55.4	59.2	56.2	63.3	82	79.8	73.8	74.1	78.8
EPS (basic)	1.3	-0.64	0.49	0.61	0.38	1	1.94	1.81	1.76	0.69	0.69
EPS (diluted)	1.29	-0.64	0.49	0.6	0.38	0.99	1.91	1.79	1.72	0.68	1.46
Book value per share	27.7	27	24.4	26.5	27.1	27.3	29.2	30.3	31	30.7	31.1
FCF per share	4.88	1.84	0.21	1.51	2.22	-1.26	-6.37	2.71	4.34	2.38	3.4
Cash per share	13.8	14.9	9.89	9.07	10.7	7.62	5.9	7.8	8.76	8.98	8.77
Capex per share	0.61	1.02	1.35	0.84	0.94	1.08	1.22	2.05	0.81	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.3%	2.06%	2.44%	1.42%	1.67%	1.71%	1.49%	2.57%	1.1%	—	—
Capex / operating cash flow	11.1%	36.4%	94.2%	52.5%	29.2%	690.7%	-24.3%	38.4%	14.2%	—	—
Payout ratio	0%	0%	92.1%	99.4%	163.9%	65%	33.9%	36.5%	37.8%	98.3%	46.6%
Dividend yield	0%	0%	2.14%	—	2.34%	2.41%	2.47%	2.39%	1.46%	1.59%	0.82%

Yield

0.82%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.17

ex-dividend Jun 30, 2026

Payout ratio

47%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 30, 2026	$0.17
Mar 31, 2026	$0.17
Dec 31, 2025	$0.17
Sep 30, 2025	$0.17
Jun 30, 2025	$0.17
Mar 31, 2025	$0.17
Dec 31, 2024	$0.17
Sep 30, 2024	$0.17

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$719.7M	$691.4M	$675.6M	$665.9M	$657.7M	$656.9M	$631.8M	$642.3M	$680.7M	$704.3M	$677.3M	$756M
YoY change	-6.72%	-7.9%	-2.75%	-9.18%	-8.61%	-4.99%	-6.48%	-3.54%	+3.49%	+7.22%	+7.2%	+17.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	681.4M	742.5M	458.1M	347.6M	390.8M	271.7M	207.4M	277.4M	315.2M	322.1M
Receivables	440.7M	436.6M	468.2M	324.4M	309.3M	355.9M	492M	449.4M	412.5M	391.1M
Inventory	381.3M	268.9M	310M	315M	327.4M	523.2M	727.7M	683.8M	553.7M	482.5M
Total current assets	1.5B	1.6B	1.4B	1.2B	1.2B	1.3B	1.7B	1.6B	1.5B	1.4B
Property, plant & equipment	75.8M	95.9M	113.9M	195.1M	179.6M	209.7M	225.4M	277.2M	250.7M	225.3M
Goodwill & intangibles	383.2M	383.2M	552.5M	535.8M	524.2M	512.7M	442.4M	384.2M	384.2M	384.2M
Total assets	2B	2.1B	1.9B	1.8B	1.7B	1.9B	2.2B	2.3B	2.1B	2.1B
Accounts payable	326.2M	362.7M	422.1M	303M	282.2M	426.6M	424.3M	367.5M	354.2M	403.2M
Short-term debt	12.4M	18.3M	6.8M	8.8M	9.2M	985K	4.3M	4.3M	6.7M	3.8M
Total current liabilities	412.4M	478.3M	537.2M	459.2M	481.1M	654.4M	749.1M	713.5M	649.1M	635.6M
Long-term debt	211.3M	193.4M	147.3M	206.8M	203.2M	220.2M	407.4M	450.1M	359.5M	305.5M
Total liabilities	633.2M	770.2M	767.6M	745M	754.6M	930.1M	1.2B	1.2B	1B	971.9M
Shareholders' equity	1.4B	1.3B	1.1B	1B	989.6M	973.8M	1B	1.1B	1.1B	1.1B
Total debt	223.6M	211.7M	154.1M	215.6M	212.3M	221.2M	411.6M	454.3M	366.2M	309.3M
Net debt	-457.8M	-530.9M	-304M	-131.9M	-178.5M	-50.6M	204.2M	177M	51M	-12.8M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	259.5M	277.4M	296.1M	309.3M	324.4M	315.2M	355.3M	264.6M	285.4M	322.1M	324.9M	314.8M
Receivables	477.7M	449.4M	417.4M	376.6M	372.3M	412.5M	374.1M	369.2M	378M	391.1M	375.9M	451.6M
Inventory	725.3M	683.8M	637.7M	599.8M	581.9M	553.7M	560.3M	532M	509M	482.5M	507.4M	544.3M
Total current assets	1.7B	1.6B	1.6B	1.5B	1.5B	1.5B	1.5B	1.4B	1.4B	1.4B	1.5B	1.6B
Property, plant & equipment	353.8M	277.2M	352.4M	351M	346.3M	250.7M	338.4M	334.6M	332.7M	225.3M	339.8M	334.3M
Goodwill & intangibles	488.5M	384.2M	384.2M	384.2M	384.2M	384.2M	384.2M	384.2M	384.2M	384.2M	384.2M	384.2M
Total assets	2.3B	2.3B	2.2B	2.2B	2.1B	2.1B	2.1B	2B	2.1B	2.1B	2.1B	2.2B
Accounts payable	382.2M	367.5M	348.4M	346.2M	356M	354.2M	384.5M	354.7M	382.7M	403.2M	451.1M	552.7M
Short-term debt	4.3M	4.3M	5.1M	5.9M	6.8M	6.7M	6.7M	3.8M	3.8M	3.8M	3.8M	3.8M
Total current liabilities	699.1M	713.5M	667.8M	643.1M	639.1M	649.1M	636.4M	592.1M	618.9M	635.6M	669.2M	795.3M
Long-term debt	542.5M	450.1M	430.1M	400.2M	386.2M	359.5M	375.4M	308.3M	314.4M	305.5M	300.6M	273.6M
Total liabilities	1.3B	1.2B	1.1B	1.1B	1B	1B	1B	924M	958.1M	971.9M	999.7M	1.1B
Shareholders' equity	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B
Total debt	546.8M	454.3M	435.2M	406.1M	392.9M	366.2M	382.1M	312.1M	318.2M	309.3M	304.3M	277.3M
Net debt	287.2M	177M	139.1M	96.8M	68.5M	51M	26.7M	47.5M	32.8M	-12.8M	-20.6M	-37.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	63.9M	-31.9M	22.8M	23.4M	14.1M	35.8M	68.2M	64.3M	63.3M	24.9M
Depreciation & amortization	55.1M	48.7M	51.8M	48.4M	48.8M	44.2M	44.3M	45.4M	46.1M	47.6M
Stock-based compensation	5.3M	7.8M	10.1M	10.2M	10.4M	15.3M	18.5M	15.3M	13.4M	17.2M
Change in working capital	138.9M	106.6M	-26M	-13.2M	51.3M	-82.7M	-300.8M	79.7M	89.7M	73M
Operating cash flow	271.7M	138.6M	66.4M	61.5M	117.2M	5.6M	-177.1M	189.7M	206.6M	124M
Capital expenditure	-30.1M	-50.5M	-62.6M	-32.3M	-34.2M	-38.6M	-43M	-72.8M	-29.3M	—
Investing cash flow	-19.4M	-52.4M	-64.9M	-32.3M	-29.4M	-38.5M	-37.8M	-72.9M	-30.8M	5.1M
Dividends paid	0	0	-21M	-23.3M	-23M	-23.3M	-23.2M	-23.5M	-23.9M	-24.4M
Share repurchases	-41.9M	-29.3M	-211.9M	-122.1M	-25.2M	-40.2M	-9.4M	0	-5.1M	-26.8M
Financing cash flow	-29.1M	57.4M	-244.6M	-160M	-176M	-229.9M	-474.5M	-23.7M	-109.6M	-105.9M
Net change in cash	223.1M	143.6M	-243.1M	-130.8M	-88.2M	-262.8M	-689.4M	93.2M	66.2M	23.1M
Free cash flow	240.8M	91.3M	10M	58M	80.9M	-44.8M	-224.2M	96.6M	156M	85.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	20.4M	17.6M	14M	15.5M	15.4M	18.4M	3.6M	972K	14.3M	6M	13M	19.9M
Depreciation & amortization	11.6M	11.3M	11.6M	11.4M	11.6M	11.6M	11.8M	12M	11.8M	12M	11.9M	12M
Stock-based compensation	3.7M	3M	2.2M	4.2M	4.4M	2.6M	4.4M	5.3M	5.3M	2.1M	5.4M	6.2M
Change in working capital	59K	104.7M	36.9M	41.4M	16.2M	-4.9M	40M	-14.4M	7.1M	40.3M	19.8M	2.1M
Operating cash flow	34.3M	126M	62.8M	71.4M	45.4M	26.9M	58.2M	3.7M	36.6M	58.7M	47M	34.7M
Capital expenditure	-19.3M	-9.5M	-5.2M	-7.5M	-7.8M	-8.7M	-3.3M	-11M	—	—	-2.3M	—
Investing cash flow	-19.3M	-9.5M	-5.4M	-8.7M	-7.9M	-8.7M	-3.3M	-11M	—	0	-113K	-85K
Dividends paid	-5.9M	-5.9M	-5.9M	-5.9M	-6M	-6.1M	-6.1M	-6.1M	-6.1M	-6.1M	-6.1M	-6.1M
Share repurchases	0	0	—	—	-5.1M	1K	-8M	-8M	-10M	-854K	-5.8M	0
Financing cash flow	-1.1M	-107.5M	-27.5M	-31.9M	-22.3M	-27.9M	-2.5M	-82.9M	-7.5M	-13M	-25.9M	-30.3M
Net change in cash	13.9M	9M	29.9M	30.8M	15.2M	-9.7M	52.4M	-90.2M	29.1M	45.7M	21M	4.3M
Free cash flow	17.9M	126.1M	42.6M	47.3M	29.2M	36.9M	27.3M	-15.1M	25.1M	48.1M	28.8M	21.8M

Date	Ratio
Apr 4, 2006	3:2
Nov 14, 2003	3:2
Aug 15, 1997	2:1

Benchmark Electronics Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement