Company Analysis

Plexus Corp. (PLXS)

Nasdaq: PLXS · Printed Circuit Boards · Neenah, WI · filing with the SEC since 1995
Grade6.2
◀ Past 6.6● Present 6.7▶ Future 5.0

The grade of Plexus Corp.

Nine metrics read from its own filings, by tense
Headline grade
6.2/10
◀ Past6.630% of the headline
● Present6.740% of the headline
▶ Future5.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.6/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.1/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 71st percentile among 12 sector filers · read for itself

From the record

Plexus Corp.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.0/10

What has it actually done, year after year?

+6% a year over 9 filed years; profitable in 9 of 9.

weight 45% of this tense · 70th percentile among 11 sector filers · read for its customers

From the record

Plexus Corp.'s 9 filed years say what it did: revenue went from $2.5 billion in fiscal 2017 to $4.0 billion in fiscal 2025, up 6% a year; it rose in 6 of 8 years; the deepest fall was 6% from fiscal 2023 to fiscal 2024; net income was positive in 9 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span6.0%top 32% of its family
  • the share of years revenue rosetop 36% of its family
  • the share of filed years with a profittop 27% of its family
  • the deepest fall from a revenue peak5.9%top 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.8/10

How has it treated the people who own it?

Share count shrank 1.0% a year. 19% of cash flow returned. Insiders: 67 sales, 0 purchases.

weight 22% of this tense · 48th percentile among 11 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-09-27, Plexus Corp.'s diluted share count shrank about 1.0% a year, and dividends and buybacks returned about 19% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 67 sales (27 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-22 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 46% of its family
  • cash returned against operating cash flowtop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.7/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.6/10

Is it financially healthy right now?

ROE 12%: 12¢ of profit per shareholder dollar. Leverage 54%: owes 54¢ per asset dollar.

weight 45% of this tense · 56th percentile among 12 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-09-27, Plexus Corp. earned about 12 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 13 cents per dollar of everything the company owns. Leverage: it owed about 54 cents per dollar of assets, and net share issuance: its share count shrank 1.0% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 46% of its family
  • return on equitytop 29% of its family
  • gross profit against assetstop 37% of its family
  • the share count against the year beforebottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.5/10

How strong is its position in its industry?

top 35% of 12 in its family; net margin 4.3%.

weight 33% of this tense · 65th percentile among 12 sector filers · read for its customers

From the record

Plexus Corp.'s standing among 12 graded names in its industry family: revenue of $4.0 billion in fiscal 2025 ranks in the top 37% by size; a net margin of 4.3% ranks in the top 29%; revenue growth of 1.9% a year over the last 3 filed years ranks in the top 37% (its annual reports).

What it rests on

  • revenue against the family$4.03Btop 37% of its family
  • net margin4.3%top 29% of its family
  • three-year revenue growth1.9%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
9.1/10

What are the people in charge doing?

top 9% of 9 in its family for leadership; chief executive since 2016.

weight 22% of this tense · 91st percentile among 9 sector filers · read for its shareholders

From the record

Plexus Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Kelsey, Todd P. (President & CEO, as filed), filing under that title since 2016-11-02, 10 years (top 6% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 9.7 years (top 17%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (top 5%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 17 peopletop 5% of its family
  • the median years the people in charge have filed9.7 yearstop 17% of its family
  • the chief executive's years on the record10.0 yearstop 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.3/10

How much room does it have to grow?

top 37% of 12 in its family for room to expand.

weight 45% of this tense · 63rd percentile among 12 sector filers · read for itself

From the record

Plexus Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $306 million against no long-term debt tagged leaves 9.8% of its assets as net cash, top 29% of its family; cash from operations less capital spending is 3.8% of revenue (top 29%); a gross margin of 10.1% (bottom 46%) (its annual report).

What it rests on

  • cash less debt against assets9.8%top 29% of its family
  • cash from operations less capital spending against revenue3.8%top 29% of its family
  • gross margin10.1%bottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.5/10

What could actually drive growth from here?

bottom 35% of 11 in its family for growth drivers.

weight 33% of this tense · 35th percentile among 11 sector filers · read for its customers

From the record

Plexus Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew 1.9% a year over the last three filed years against 6% over all 9, slowing (bottom 41% of its family); the newest year grew 1.8% (bottom 23%); capital spending grew -2.1% a year (bottom 41%) (its annual reports). Plexus Corp. reported 3 lines of business in fiscal 2025: Asia Pacific at $2.4 billion, Americas at $1.2 billion, EMEA at $440 million. 1 of 3 grew in the latest filed year, and the largest line is 59% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-4.1 points a yearbottom 41% of its family
  • the newest year's revenue growth1.8%bottom 23% of its family
  • three-year growth of capital spending-2.1%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.8/10

Did its newest year beat what its own record pointed to?

bottom 48% of 10 in its family for expectations against reality.

weight 22% of this tense · 48th percentile among 10 sector filers · read for its shareholders

From the record

Plexus Corp.'s newest year against its own record: revenue of $4.0 billion in fiscal 2025 came in 0.1% below the $4.0 billion its prior three years' pace pointed to (bottom 5% of its family); net income of $173 million against a prior three-year average of $130 million (top 25%); a net margin of 4.3% against 3.3% before (top 35%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-0.1%bottom 5% of its family
  • net income against the prior three years' average+33%top 25% of its family
  • net margin against its prior average+1.0 pointstop 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PLXS · research, not advice