Fabrinet (FN) 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	$3.81	$4.1	+7.6%	—	$1.3B	—
Q3 26	$3.56	$3.72	+4.5%	—	$1.2B	—
Q2 26	$3.25	$3.36	+3.4%	—	$1.1B	—
Q1 26	$2.82	$2.92	+3.5%	—	$978.1M	—
Q4 25	$2.63	$2.65	+0.8%	—	$909.7M	—
Q3 25	$2.47	$2.52	+2.0%	—	$871.8M	—
Q2 25	$2.49	$2.61	+4.8%	—	$833.6M	—
Q1 25	$2.38	$2.39	+0.4%	—	$804.2M	—
Q4 24	$2.24	$2.41	+7.6%	—	$753.3M	—
Q3 24	$2.11	$2.39	+13.3%	—	$731.5M	—
Q2 24	$2.03	$2.08	+2.5%	—	$712.7M	—
Q1 24	$1.86	$2	+7.5%	—	$685.5M	—
Q4 23	$1.8	$1.86	+3.3%	—	$655.9M	—
Q3 23	$1.87	$1.94	+3.7%	—	$665.3M	—
Q2 23	$1.87	$1.9	+1.6%	—	$668.7M	—
Q1 23	$1.74	$1.97	+13.2%	—	$655.4M	—

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 %
FY26	—	$13.2	—	—	$4.6B	—
FY25	—	$9.23	—	—	$3.4B	—
FY24	—	$8.17	—	—	$2.9B	—
FY23	—	$6.79	—	—	$2.6B

Total revenue

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

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$1.4B	$1.4B	$1.6B	$1.6B	$1.9B	$2.3B	$2.6B	$2.9B	$3.4B	$4.6B
YoY change	+45.4%	-3.42%	+15.5%	+3.63%	+14.5%	+20.4%	+16.9%	+8.99%	+18.6%	+35.7%

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1.4B	1.4B	1.6B	1.6B	1.9B	2.3B	2.6B	2.9B	3.4B	4.6B
Cost of revenue	1.2B	1.2B	1.4B	1.5B	1.7B	2B	2.3B	2.5B	3B	4.1B
Gross profit	171.5M	153.4M	179.2M	186.1M	221.4M	278.6M	336.3M	356.1M	413.3M	556.5M
Gross margin	12.1%	11.2%	11.3%	11.3%	11.8%	12.3%	12.7%	12.4%	12.1%	12%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	65.6M	57.8M	55.1M	68.4M	70.6M	73.9M	77.7M	78.5M	87.5M	93.5M
Operating expenses	65.6M	57.8M	55.1M	68.4M	70.6M	73.9M	77.7M	78.5M	87.5M	93.5M
Operating income	105.8M	95.6M	124.2M	117.7M	150.8M	204.7M	258.6M	277.6M	325.9M	463M
Operating margin	7.45%	6.97%	7.84%	7.17%	8.02%	9.05%	9.78%	9.63%	9.53%	9.98%
Non-operating income, net	-633K	-7.9M	758K	-3M	-3M	540K	-8.3M	637K	-10.9M	59.8M
Pretax income	103.9M	88M	126.2M	119.2M	150.5M	207M	260.1M	311.4M	355.2M	555.1M
Income tax	6.7M	3.9M	5.3M	5.8M	2.1M	6.6M	12.2M	15.2M	22.7M	82.1M
Net income	97.1M	84.2M	121M	113.5M	148.3M	200.4M	247.9M	296.2M	332.5M	473M
Net margin	6.84%	6.13%	7.63%	6.91%	7.89%	8.86%	9.37%	10.3%	9.72%	10.2%
EBITDA	132.1M	129.1M	161.7M	157.3M	187.4M	244M	313.5M	360.1M	419.3M	620.8M
EPS	2.63	2.26	3.29	3.07	4.02	5.43	6.79	8.17	9.23	13.2
Diluted EPS	2.57	2.21	3.23	3.01	3.95	5.36	6.73	8.1	9.17	13.1

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	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	685.5M	712.7M	731.5M	753.3M	804.2M	833.6M	871.8M	909.7M	978.1M	1.1B	1.2B	1.3B
Cost of revenue	601.1M	624.4M	640.6M	660.8M	705.2M	732.8M	769.6M	798.4M	861.7M	995.2M	1.1B	1.2B
Gross profit	84.4M	88.3M	90.9M	92.4M	99M	100.8M	102.2M	111.3M	116.4M	137.7M	144.3M	158.1M
Gross margin	12.3%	12.4%	12.4%	12.3%	12.3%	12.1%	11.7%	12.2%	11.9%	12.2%	11.9%	12%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	20.4M	19.3M	19.6M	19.1M	22M	21.2M	22.1M	22.2M	22.2M	23.3M	24.3M	23.7M
Operating expenses	20.4M	19.3M	19.6M	19.1M	22M	21.2M	22.1M	22.2M	22.2M	23.3M	24.3M	23.7M
Operating income	64M	69M	71.3M	73.3M	77M	79.6M	80.1M	89.1M	94.2M	114.4M	120M	134.4M
Operating margin	9.33%	9.68%	9.75%	9.74%	9.57%	9.55%	9.19%	9.8%	9.63%	10.1%	9.89%	10.2%
Non-operating income, net	335K	-3.8M	3.5M	602K	-7.2M	3.9M	-4M	-3.7M	-2.2M	-3.2M	6.8M	58.4M
Pretax income	70.2M	72.9M	83.3M	85M	80.8M	94.9M	86.3M	93.2M	101.4M	119.7M	134.2M	199.7M
Income tax	5.1M	3.8M	2.4M	3.9M	3.4M	8.3M	5M	6M	5.5M	7.1M	9M	60.5M
Net income	65.1M	69.1M	80.9M	81.1M	77.4M	86.6M	81.3M	87.2M	95.9M	112.6M	125.2M	139.3M
Net margin	9.5%	9.7%	11.1%	10.8%	9.62%	10.4%	9.32%	9.59%	9.81%	9.94%	10.3%	10.6%
EBITDA	81.8M	89M	92.4M	97M	100.7M	103.9M	103.7M	111M	111.1M	133.7M	130.9M	245.1M
EPS	1.8	1.9	2.23	2.24	2.14	2.4	2.26	2.44	2.68	3.14	3.49	3.89
Diluted EPS	1.78	1.89	2.21	2.22	2.13	2.38	2.25	2.42	2.66	3.11	3.45	3.83

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	1.6B	1.4B	1.8B	2.3B	3.5B	3B	4.7B	8.9B	10.6B	20.1B	14.7B
Enterprise value	1.4B	1.1B	1.5B	1.9B	3B	2.5B	4.2B	8B	9.7B	19.3B	14.1B
Shares outstanding	36.9M	37.3M	36.8M	36.9M	36.9M	36.9M	36.5M	36.2M	36M	35.8M	35.8M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	16.2	16.3	15.1	20.3	23.8	14.9	19.1	30	31.9	42.6	32.1
P/S	1.11	1	1.15	1.4	1.88	1.32	1.79	3.08	3.1	4.34	3.22
P/B	2.31	1.85	2.12	2.36	3.18	2.39	3.23	5.08	5.36	8.2	6.09
EV/EBITDA	10.3	8.58	8.98	11.9	16.2	10.4	13.4	22.3	23.1	31	26.5
EV/Sales	0.96	0.81	0.92	1.14	1.61	1.12	1.59	2.78	2.83	4.15	3.04
Earnings yield	6.16%	6.12%	6.62%	4.93%	4.2%	6.7%	5.23%	3.34%	3.13%	2.35%	3.11%
FCF yield	0.06%	7.47%	7.03%	4.65%	2.1%	1.13%	3.18%	4.11%	1.95%	0.02%	-0.39%
PEG	—	—	—	—	—	—	—	—	—	—	0.54

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	12.1%	11.2%	11.3%	11.3%	11.8%	12.3%	12.7%	12.4%	12.1%	12%	12%
Operating margin	7.45%	6.97%	7.84%	7.17%	8.02%	9.05%	9.78%	9.63%	9.53%	9.98%	10.2%
Net margin	6.84%	6.13%	7.63%	6.91%	7.89%	8.86%	9.37%	10.3%	9.72%	10.2%	10.2%
ROE	14.2%	11.4%	14%	11.6%	13.3%	16%	16.9%	17%	16.8%	19.3%	21.3%
ROA	9.4%	7.74%	9.64%	8.21%	9.18%	10.9%	12.5%	12.7%	11.7%	12.1%	8.59%
ROIC	21.1%	19.3%	24.4%	20.5%	24.3%	24.6%	26.5%	29.6%	29%	24.9%	24.9%
Return on tangible assets	9.58%	7.86%	9.75%	8.26%	9.23%	11%	12.6%	12.7%	11.8%	12.1%	12.1%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.57	3.16	3.27	3.4	3.04	2.83	3.43	3.61	3	2.25	2.25
Quick ratio	1.8	2.21	2.33	2.47	2.09	1.8	2.35	2.78	2.28	1.52	1.52
Debt / equity	0.11	0.09	0.07	0.06	0.04	0.02	0.01	0	0	0	0
Debt / assets	0.07	0.06	0.05	0.04	0.03	0.02	0.01	0	0	0	0
Net debt / EBITDA	-1.61	-2.07	-2.33	-2.72	-2.68	-1.83	-1.71	-2.37	-2.22	-1.4	-1.4
Interest coverage	32.3	25.4	24.5	40.2	137.8	480.1	177.7	2.5K	—	6.6K	6.6K
Effective tax rate	6.49%	4.39%	4.18%	4.83%	1.42%	3.18%	4.68%	4.87%	6.38%	14.8%	14.8%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	38.5	36.8	43.1	44.5	51	61.3	72.4	79.5	94.9	129.6	129.6
EPS (basic)	2.63	2.26	3.29	3.07	4.02	5.43	6.79	8.17	9.23	13.2	13.2
EPS (diluted)	2.57	2.21	3.23	3.01	3.95	5.36	6.73	8.1	9.17	13.1	13
Book value per share	18.5	19.9	23.5	26.4	30.2	34	40.2	48.2	55	68.5	68.5
FCF per share	0.02	2.76	3.49	2.9	2.01	0.91	4.14	10.1	5.73	0.08	0.08
Cash per share	7.73	8.92	11.9	13.2	14.9	13	15.1	23.7	25.9	24.4	24.4
Capex per share	1.84	0.9	0.49	1.1	1.25	2.42	1.68	1.24	—	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	4.79%	2.43%	1.14%	2.48%	2.45%	3.95%	2.31%	1.56%	—	—	—
Capex / operating cash flow	99.4%	24.8%	12%	28.2%	37.9%	72%	28.9%	10.7%	—	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$685.5M	$712.7M	$731.5M	$753.3M	$804.2M	$833.6M	$871.8M	$909.7M	$978.1M	$1.1B	$1.2B	$1.3B
YoY change	+4.58%	+6.59%	+9.96%	+14.8%	+17.3%	+17%	+19.2%	+20.8%	+21.6%	+35.9%	+39.3%	+44.6%

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	285.3M	332.4M	437.3M	488.1M	547.9M	478.2M	550.5M	858.6M	934.2M	875.1M
Receivables	264.3M	246.9M	260.6M	272.7M	336.5M	452.7M	531.8M	592.5M	758.9M	1B
Inventory	238.7M	257.7M	293.6M	309.8M	422.1M	557.1M	519.6M	463.2M	581M	1B
Total current assets	798.8M	854.3M	1B	1.1B	1.4B	1.5B	1.7B	2B	2.4B	3.2B
Property, plant & equipment	205.4M	222.2M	231.6M	90.4M	84.5M	95M	111.9M	103.8M	163.8M	288.2M
Goodwill & intangibles	19.3M	17.4M	15.2M	8.6M	8.7M	7M	4.8M	4.6M	4.3M	4.9M
Total assets	1B	1.1B	1.3B	1.4B	1.6B	1.8B	2B	2.3B	2.8B	3.9B
Accounts payable	215.3M	220.2M	257.6M	251.6M	346.6M	439.7M	381.1M	441.8M	637.4M	1B
Short-term debt	48.7M	3.7M	3.3M	14.1M	14.7M	14.5M	13.4M	1.4M	1.8M	1.2M
Total current liabilities	311.3M	270.1M	313M	334.4M	444.4M	538.5M	481.9M	557.9M	809.8M	1.4B
Long-term debt	23.7M	61.5M	57.7M	45.4M	31.2M	16.7M	66K	3.6M	3.7M	2.8M
Total liabilities	351.5M	347.1M	392.2M	407.6M	503.6M	582M	511M	592.8M	849.6M	1.5B
Shareholders' equity	681.6M	740.9M	863.1M	974.4M	1.1B	1.3B	1.5B	1.7B	2B	2.5B
Total debt	72.5M	65.2M	60.9M	59.5M	46M	31.2M	13.4M	5M	5.5M	4M
Net debt	-61.4M	-92.9M	-119.9M	-165.9M	-257M	-166.8M	-217.9M	-405M	-301M	-342.7M

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	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	670.8M	740.6M	794M	858.6M	908.9M	934.6M	950.7M	934.2M	968.8M	960.8M	945.2M	875.1M
Receivables	535M	584.6M	583.9M	592.5M	662.7M	680.1M	658.3M	758.9M	706.9M	801.7M	908.5M	1B
Inventory	440.1M	414.8M	454.1M	463.2M	440.4M	489.2M	531.3M	581M	722.2M	798.9M	876M	1B
Total current assets	1.7B	1.8B	1.9B	2B	2.1B	2.2B	2.2B	2.4B	2.6B	2.8B	2.9B	3.2B
Property, plant & equipment	312.7M	311.8M	306.9M	103.8M	316.4M	330M	360.5M	163.8M	424.7M	465M	529.4M	288.2M
Goodwill & intangibles	5.2M	5.1M	4.9M	4.6M	4.4M	4.1M	4.3M	4.3M	4.2M	4.5M	4.8M	4.9M
Total assets	2B	2.1B	2.2B	2.3B	2.4B	2.5B	2.6B	2.8B	3B	3.3B	3.5B	3.9B
Accounts payable	357.1M	376.6M	429M	441.8M	427.9M	529M	521.2M	637.4M	695.6M	783.7M	859M	1B
Short-term debt	10.7M	7.5M	4.4M	1.4M	1.4M	1.7M	1.7M	1.8M	1.9M	1.7M	1.5M	1.2M
Total current liabilities	455.4M	486.8M	544.3M	557.9M	576M	663.2M	675M	809.8M	905.5M	1B	1.2B	1.4B
Long-term debt	4.1M	4M	2M	3.6M	3.4M	4.4M	4M	3.7M	3.3M	3.2M	3M	2.8M
Total liabilities	489.1M	521.8M	576.8M	592.8M	612.4M	699.4M	712.1M	849.6M	947.6M	1.1B	1.2B	1.5B
Shareholders' equity	1.5B	1.6B	1.7B	1.7B	1.8B	1.8B	1.9B	2B	2.1B	2.2B	2.3B	2.5B
Total debt	14.8M	11.5M	6.4M	5M	4.8M	6.1M	5.7M	5.5M	5.2M	4.9M	4.4M	4M
Net debt	-293.6M	-322.6M	-378.7M	-405M	-395.8M	-397.6M	-301.2M	-301M	-299.8M	-315M	-352.1M	-342.7M

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	97.1M	84.2M	121M	113.5M	148.3M	200.4M	247.9M	296.2M	332.5M	473M
Depreciation & amortization	23.8M	29.1M	29.9M	30.9M	36.3M	38.7M	43.8M	49M	53.4M	68.4M
Stock-based compensation	26.5M	22.6M	17.2M	22.2M	25.5M	28M	28.1M	28.4M	33M	34.6M
Change in working capital	-83.3M	-2.1M	-20.9M	-25.7M	-84.8M	-144.4M	-107M	43.3M	-117.7M	-426.9M
Operating cash flow	68.5M	134.8M	151M	144.3M	121.4M	124M	212.2M	418.8M	328.4M	256.7M
Capital expenditure	-68M	-33.4M	-18.1M	-40.7M	-46M	-89.3M	-61.2M	-44.8M	—	—
Investing cash flow	-88.8M	-57.1M	-97.8M	-70.1M	-7M	-134.5M	-97.8M	-168.9M	-164.7M	68.7M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-42.4M	-5.4M	-20.7M	-18.8M	-59.9M	-47.6M	-39.5M	-125.7M	-5.2M
Financing cash flow	7.4M	-56.5M	-23.2M	-35.3M	-42.8M	-92.9M	-81M	-64.9M	-147M	-30.7M
Net change in cash	-12.9M	21.2M	30M	39M	71.6M	-103.5M	33.4M	185.1M	16.6M	294.8M
Free cash flow	904K	102.7M	128.5M	107.2M	74.2M	33.7M	151M	364.7M	206.5M	3M

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	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	65.1M	69.1M	80.9M	81.1M	77.4M	86.6M	81.3M	87.2M	95.9M	112.6M	125.2M	139.3M
Depreciation & amortization	12M	12.2M	12.4M	12.4M	12.8M	13M	13.4M	14.2M	14.9M	16.1M	17.8M	19.6M
Stock-based compensation	7.7M	7M	6.7M	6.9M	8.7M	8.4M	7.8M	8.1M	9.1M	8.8M	8.5M	8.3M
Change in working capital	54.4M	-4.4M	34.6M	-16.3M	-59M	43.3M	-37.2M	-64.9M	-42.8M	-138.3M	-106.6M	-139.2M
Operating cash flow	140.8M	83.5M	134.8M	84.8M	37.1M	150.6M	64.7M	55.1M	102.6M	46.3M	52.9M	55M
Capital expenditure	-11.1M	-8.1M	-13.3M	-12.3M	-20.2M	-21.8M	-28.5M	—	—	—	—	—
Investing cash flow	-52.9M	-48.4M	-16.5M	-51M	-71.9M	-44M	-136.8M	17.3M	-35.5M	26.5M	50.5M	27.3M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-6.4M	-29.6M	-3.5M	—	—	-34.8M	-22.3M	-268K	-4.8M	-151K	0
Financing cash flow	-15.2M	-9.6M	-33M	-7.1M	-20.2M	-494K	-35M	-22.6M	-23M	-5.7M	-917K	-1.1M
Net change in cash	72.7M	25.4M	85.3M	26.7M	-55M	106.2M	-107.1M	49.8M	44.1M	67M	102.5M	81.2M
Free cash flow	133.4M	74M	87M	70.2M	62.8M	93.9M	45.4M	4.5M	57.1M	-5.4M	-11.3M	-37.4M

Fabrinet 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

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