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SANMINA CORP

SANM Clue Score62
United States Fiscal year ends October CIK 0000897723
$217.49 +3.33% Close, 9 Oct 2026
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Price $217.49 +452.29% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue6,868.6Operating income226.5Net income138.8EPS, diluted1.78Fiscal year 2018Revenue7,110.1 +3.5%Operating income119.4Net income−95.5 −168.8%EPS, diluted−1.37 −177.0%Fiscal year 2019Revenue8,233.9 +15.8%Operating income286.1Net income141.5EPS, diluted1.97Fiscal year 2020Revenue6,950.2 −15.6%Operating income219.1Net income133.2 −5.9%EPS, diluted1.88 −4.6%Fiscal year 2021Revenue6,738.4 −3.0%Operating income255.9Net income249.5 +87.4%EPS, diluted3.72 +97.9%Fiscal year 2022Revenue7,919.6 +17.5%Operating income349.5Net income240.4 −3.7%EPS, diluted3.81 +2.4%Fiscal year 2023Revenue8,935.0 +12.8%Operating income455.7Net income310.0 +28.9%EPS, diluted5.18 +36.0%Fiscal year 2024Revenue7,568.3 −15.3%Operating income335.5Net income222.5 −28.2%EPS, diluted3.91 −24.5%Fiscal year 2025Revenue8,128.4 +7.4%Operating income354.6Net income245.9 +10.5%EPS, diluted4.46 +14.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6,868.6 7,110.1 8,233.9 6,950.2 6,738.4 7,919.6 8,935.0 7,568.3 8,128.4
Growth +3.5% +15.8% −15.6% −3.0% +17.5% +12.8% −15.3% +7.4%
Operating income 226.5 119.4 286.1 219.1 255.9 349.5 455.7 335.5 354.6
Net income 138.8 −95.5 141.5 133.2 249.5 240.4 310.0 222.5 245.9
Growth −168.8% −5.9% +87.4% −3.7% +28.9% −28.2% +10.5%
EPS, diluted 1.78 −1.37 1.97 1.88 3.72 3.81 5.18 3.91 4.46
Growth −177.0% −4.6% +97.9% +2.4% +36.0% −24.5% +14.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin7.6%Operating margin3.3%Net margin2.0%Free cash flow margin2.0%Fiscal year 2018Gross margin6.5%Operating margin1.7%Net margin−1.3%Free cash flow margin0.5%Fiscal year 2019Gross margin7.2%Operating margin3.5%Net margin1.7%Free cash flow margin3.0%Fiscal year 2020Gross margin7.4%Operating margin3.2%Net margin1.9%Free cash flow margin3.4%Fiscal year 2021Gross margin7.8%Operating margin3.8%Net margin3.7%Free cash flow margin3.9%Fiscal year 2022Gross margin7.9%Operating margin4.4%Net margin3.0%Free cash flow margin2.4%Fiscal year 2023Gross margin8.3%Operating margin5.1%Net margin3.5%Free cash flow margin0.5%Fiscal year 2024Gross margin8.5%Operating margin4.4%Net margin2.9%Free cash flow margin3.0%Fiscal year 2025Gross margin8.8%Operating margin4.4%Net margin3.0%Free cash flow margin5.8%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 7.6% 6.5% 7.2% 7.4% 7.8% 7.9% 8.3% 8.5% 8.8%
Operating margin 3.3% 1.7% 3.5% 3.2% 3.8% 4.4% 5.1% 4.4% 4.4%
Net margin 2.0% −1.3% 1.7% 1.9% 3.7% 3.0% 3.5% 2.9% 3.0%
Free cash flow margin 2.0% 0.5% 3.0% 3.4% 3.9% 2.4% 0.5% 3.0% 5.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow251.0Capital expenditure−111.8Free cash flow139.1Buybacks−176.9Fiscal year 2018Operating cash flow156.4Capital expenditure−118.9Free cash flow37.5 −73.0%Buybacks−157.6Fiscal year 2019Operating cash flow383.0Capital expenditure−134.7Free cash flow248.3 +561.4%Buybacks−12.6Fiscal year 2020Operating cash flow300.6Capital expenditure−66.0Free cash flow234.6 −5.5%Buybacks−179.0Fiscal year 2021Operating cash flow338.3Capital expenditure−73.3Free cash flow265.0 +13.0%Buybacks−64.1Fiscal year 2022Operating cash flow330.9Capital expenditure−138.6Free cash flow192.2 −27.5%Buybacks−331.1Fiscal year 2023Operating cash flow235.2Capital expenditure−191.4Free cash flow43.8 −77.2%Fiscal year 2024Operating cash flow340.2Capital expenditure−111.2Free cash flow229.0 +422.8%Fiscal year 2025Operating cash flow620.7Capital expenditure−147.4Free cash flow473.3 +106.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 251.0 156.4 383.0 300.6 338.3 330.9 235.2 340.2 620.7
Capital expenditure −111.8 −118.9 −134.7 −66.0 −73.3 −138.6 −191.4 −111.2 −147.4
Free cash flow 139.1 37.5 248.3 234.6 265.0 192.2 43.8 229.0 473.3
Growth −73.0% +561.4% −5.5% +13.0% −27.5% −77.2% +422.8% +106.7%
Buybacks −176.9 −157.6 −12.6 −179.0 −64.1 −331.1 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash406.7Total debt391.4Net cash (debt)15.2Shareholders’ equity1,647.7Debt to equity0.24Fiscal year 2018Cash419.5Total debt14.3Net cash (debt)405.2Shareholders’ equity1,472.8Debt to equity0.01Fiscal year 2019Cash454.7Total debt347.0Net cash (debt)107.8Shareholders’ equity1,647.1Debt to equity0.21Fiscal year 2020Cash480.5Total debt329.2Net cash (debt)151.3Shareholders’ equity1,623.4Debt to equity0.20Fiscal year 2021Cash650.0Total debt311.6Net cash (debt)338.5Shareholders’ equity1,852.6Debt to equity0.17Fiscal year 2022Cash529.9Total debt329.2Net cash (debt)200.6Shareholders’ equity1,819.5Debt to equity0.18Fiscal year 2023Cash667.6Total debt312.3Net cash (debt)355.2Shareholders’ equity2,318.6Debt to equity0.13Fiscal year 2024Cash625.9Total debt299.8Net cash (debt)326.0Shareholders’ equity2,361.5Debt to equity0.13Fiscal year 2025Cash926.3Total debt283.0Net cash (debt)643.3Shareholders’ equity2,539.2Debt to equity0.11
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 406.7 419.5 454.7 480.5 650.0 529.9 667.6 625.9 926.3
Total debt 391.4 14.3 347.0 329.2 311.6 329.2 312.3 299.8 283.0
Net cash (debt) 15.2 405.2 107.8 151.3 338.5 200.6 355.2 326.0 643.3
Shareholders’ equity 1,647.7 1,472.8 1,647.1 1,623.4 1,852.6 1,819.5 2,318.6 2,361.5 2,539.2
Debt to equity 0.24 0.01 0.21 0.20 0.17 0.18 0.13 0.13 0.11

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 29 Sep 2018 FY2019 28 Sep 2019 FY2020 3 Oct 2020 FY2021 2 Oct 2021 FY2022 1 Oct 2022 FY2023 30 Sep 2023 FY2024 28 Sep 2024 FY2025 27 Sep 2025
Revenue and profit
6,868.6 7,110.1 8,233.9 6,950.2 6,738.4 7,919.6 8,935.0 7,568.3 8,128.4
Growth +3.5% +15.8% −15.6% −3.0% +17.5% +12.8% −15.3% +7.4%
6,348.7 6,646.3 7,641.9 6,433.0 6,211.9 7,297.4 8,191.8 6,927.9 7,412.0
519.9 463.8 591.9 517.2 526.4 622.2 743.2 640.4 716.4
Growth −10.8% +27.6% −12.6% +1.8% +18.2% +19.4% −13.8% +11.9%
33.7 30.8 27.6 22.6 20.9 21.3 26.4 28.5 31.1
251.6 250.9 260.0 240.9 234.5 244.6 255.1 266.2 290.2
226.5 119.4 286.1 219.1 255.9 349.5 455.7 335.5 354.6
Growth −47.3% +139.5% −23.4% +16.8% +36.5% +30.4% −26.4% +5.7%
213.5 97.5 245.6 192.2 281.6 302.3 412.8 317.5 339.4
74.6 193.1 104.1 59.0 32.1 61.9 85.3 79.8 73.2
138.8 −95.5 141.5 133.2 249.5 240.4 310.0 222.5 245.9
Growth −168.8% −5.9% +87.4% −3.7% +28.9% −28.2% +10.5%
Per share
1.86 −1.37 2.05 1.93 3.82 3.92 5.36 4.00 4.56
1.78 −1.37 1.97 1.88 3.72 3.81 5.18 3.91 4.46
Growth −177.0% −4.6% +97.9% +2.4% +36.0% −24.5% +14.1%
74.5 69.8 69.1 69.0 65.3 61.3 57.8 55.6 53.9
78.1 69.8 71.7 70.8 67.1 63.1 59.8 57.0 55.2
Growth −10.6% +2.6% −1.2% −5.2% −5.9% −5.2% −4.8% −3.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 3.2% a year over five years, and earnings per share grew 18.9% a year.
  • The diluted share count fell 22.1% in five years, so buybacks did some of the work per share.
  • Operating margin is up 1.2 points on five years ago, at 4.4%.
  • A net loss in 1 of 9 years on file.