Benchmark Electronics (BHE) Financials

$85.29 +0.73 (+0.86%)

As of 01:52 PM Eastern

Annual Income Statements for Benchmark Electronics

This table shows Benchmark Electronics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	95	64	-32	23	23	14	36	68	69	61	25
Consolidated Net Income / (Loss)	95	64	-32	23	23	14	36	68	69	61	25
Net Income / (Loss) Continuing Operations	95	64	-32	23	23	14	36	68	69	61	25
Total Pre-Tax Income	90	69	71	56	27	17	45	84	81	84	62
Total Operating Income	93	77	77	59	29	25	53	90	110	109	76
Total Gross Profit	219	215	226	206	186	175	206	255	271	270	270
Total Revenue	2,541	2,322	2,454	2,566	2,268	2,053	2,255	2,886	2,839	2,656	2,659
Operating Revenue	2,541	2,322	2,454	2,566	2,268	2,053	2,255	2,886	2,839	2,656	2,659
Total Cost of Revenue	2,322	2,108	2,229	2,361	2,083	1,878	2,049	2,631	2,568	2,386	2,389
Operating Cost of Revenue	2,322	2,108	2,229	2,361	2,083	1,878	2,049	2,631	2,568	2,386	2,389
Total Operating Expenses	126	138	149	147	157	150	153	165	161	161	194
Selling, General & Admin Expense	107	113	130	128	127	122	137	150	147	149	160
Amortization Expense	4.96	12	10	9.49	9.46	9.10	6.38	6.38	5.98	4.82	4.82
Other Operating Expenses / (Income)	-	-	-	-	7.68	-1.35	-3.94	0.00	0.00	0.00	0.00
Restructuring Charge	14	13	8.63	9.37	13	20	14	8.57	8.40	6.34	30
Total Other Income / (Expense), net	-2.93	-7.45	-5.82	-3.00	-1.28	-7.84	-7.66	-5.73	-28	-26	-15
Interest Expense	3.00	9.30	9.41	10	6.66	8.36	8.47	13	32	27	20
Interest & Investment Income	1.21	2.14	5.37	6.85	3.83	1.20	0.54	1.73	6.26	10	9.55
Other Income / (Expense), net	-1.14	-0.28	-1.79	0.63	1.56	-0.67	0.28	5.44	-2.83	-8.80	-3.91
Income Tax Expense	-5.36	5.48	103	33	3.84	3.24	9.64	16	12	23	37
Basic Earnings per Share	$1.85	$1.30	($0.64)	$0.49	$0.61	$0.38	$1.00	$1.94	$1.94	$1.70	$0.69
Weighted Average Basic Shares Outstanding	51.57M	49.30M	49.68M	46.33M	38.34M	36.52M	35.66M	35.18M	35.57M	35.97M	35.88M
Diluted Earnings per Share	$1.83	$1.28	($0.64)	$0.49	$0.60	$0.38	$0.99	$1.91	$1.92	$1.66	$0.68
Weighted Average Diluted Shares Outstanding	52.09M	49.83M	49.68M	46.66M	38.76M	36.82M	36.10M	35.72M	35.97M	36.76M	36.30M
Weighted Average Basic & Diluted Shares Outstanding	51.60M	49.30M	49.90M	46.60M	36.76M	36.33M	35.20M	35.19M	35.77M	36.02M	35.67M

This table shows Benchmark Electronics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	20	18	14	16	15	16	3.64	0.97	14	5.97	13
Consolidated Net Income / (Loss)	20	18	14	16	15	16	3.64	0.97	14	5.97	13
Net Income / (Loss) Continuing Operations	20	18	14	16	15	16	3.64	0.97	14	5.97	13
Total Pre-Tax Income	26	22	19	21	20	24	8.39	17	21	16	18
Total Operating Income	30	32	26	27	28	29	12	20	24	20	22
Total Gross Profit	69	71	67	68	67	68	63	65	68	74	69
Total Revenue	720	691	676	666	658	657	632	642	681	704	677
Operating Revenue	720	691	676	666	658	657	632	642	681	704	677
Total Cost of Revenue	651	620	608	598	591	589	569	578	613	630	608
Operating Cost of Revenue	651	620	608	598	591	589	569	578	613	630	608
Total Operating Expenses	39	39	42	41	39	39	51	44	44	54	47
Selling, General & Admin Expense	36	36	37	38	37	37	39	41	42	39	42
Amortization Expense	1.59	1.20	1.20	1.20	1.21	1.20	1.20	1.20	1.21	1.20	1.20
Restructuring Charge	1.64	2.05	3.34	1.47	0.80	0.73	11	2.51	1.56	14	3.75
Total Other Income / (Expense), net	-4.75	-9.76	-6.43	-6.73	-7.71	-4.65	-3.37	-3.88	-3.07	-4.20	-3.45
Interest Expense	8.48	8.69	7.25	6.93	6.57	6.18	5.30	6.35	4.42	4.10	3.65
Interest & Investment Income	1.34	2.03	1.99	2.53	2.81	2.88	2.73	3.14	1.96	1.73	1.90
Other Income / (Expense), net	2.38	-3.11	-1.18	-2.32	-3.95	-1.35	-0.80	-0.67	-0.61	-1.83	-1.70
Income Tax Expense	5.18	4.78	5.10	5.00	5.02	7.66	4.75	16	6.33	9.97	5.40
Basic Earnings per Share	$0.57	$0.50	$0.39	$0.43	$0.43	$0.45	$0.10	$0.03	$0.40	$0.16	$0.36
Weighted Average Basic Shares Outstanding	35.65M	35.57M	35.81M	36.05M	36.05M	35.97M	36.05M	35.99M	35.80M	35.88M	35.77M
Diluted Earnings per Share	$0.57	$0.48	$0.38	$0.43	$0.42	$0.43	$0.10	$0.03	$0.39	$0.16	$0.36
Weighted Average Diluted Shares Outstanding	35.88M	35.97M	36.40M	36.50M	36.63M	36.76M	36.61M	36.26M	36.18M	36.30M	36.28M
Weighted Average Basic & Diluted Shares Outstanding	35.68M	35.77M	36.11M	-	36.00M	36.02M	36.10M	35.91M	35.68M	35.67M	35.88M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	-	-	$0.17

This table details how cash moves in and out of Benchmark Electronics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	39	215	58	-283	-94	32	-124	-64	76	45	-5.63
Net Cash From Operating Activities	147	273	146	77	93	120	-2.62	-177	174	189	124
Net Cash From Continuing Operating Activities	147	273	146	77	93	120	-2.62	-177	174	189	124
Net Income / (Loss) Continuing Operations	95	64	-32	23	23	14	36	68	69	61	25
Consolidated Net Income / (Loss)	95	64	-32	23	23	14	36	68	69	61	25
Depreciation Expense	43	41	37	38	37	38	35	33	34	36	37
Amortization Expense	6.85	14	12	13	11	11	9.15	11	11	10	10
Non-Cash Adjustments To Reconcile Net Income	8.34	-6.35	19	25	2.96	84	7.14	70	36	-40	-15
Changes in Operating Assets and Liabilities, net	-6.04	160	110	-23	18	-27	-90	-360	24	122	67
Net Cash From Investing Activities	-267	-21	-56	-69	-35	-34	-42	-41	-77	-33	-33
Net Cash From Continuing Investing Activities	-267	-21	-56	-69	-35	-34	-42	-41	-77	-33	-33
Purchase of Property, Plant & Equipment	-38	-32	-55	-67	-35	-40	-42	-47	-78	-33	-39
Sale of Property, Plant & Equipment	0.61	0.36	0.28	0.24	0.26	0.37	0.24	0.32	0.65	2.01	0.79
Divestitures	-	11	-	0.00	0.00	4.71	0.00	5.37	0.00	0.00	5.06
Other Investing Activities, net	0.19	-0.22	-2.15	-0.15	-0.05	0.05	0.06	-0.09	-0.05	-1.52	-0.00
Net Cash From Financing Activities	159	-35	-31	-291	-153	-58	-74	159	-24	-109	-106
Net Cash From Continuing Financing Activities	159	-35	-31	-291	-153	-58	-74	159	-24	-109	-106
Repayment of Debt	-24	-37	-113	-109	-5.63	-118	-157	-634	-744	-674	-938
Repurchase of Common Equity	-68	-42	-29	-212	-122	-25	-40	-9.39	0.00	-5.10	-27
Payment of Dividends	-	0.00	0.00	-21	-23	-23	-23	-23	-23	-24	-24
Issuance of Debt	250	25	100	50	0.00	111	150	828	750	600	891
Other Financing Activities, net	1.89	19	11	1.20	-1.81	-2.63	-3.70	-2.65	-5.81	-5.99	-7.42
Effect of Exchange Rate Changes	-1.02	-1.10	-	-	-	3.51	-	-4.91	2.21	-2.54	9.01
Cash Interest Paid	-	-	-	-	-	-	-	12	31	28	19

This table details how cash moves in and out of Benchmark Electronics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	15	22	13	14	15	3.60	27	-91	21	36	2.84
Net Cash From Operating Activities	38	137	48	56	39	46	32	-2.82	37	59	47
Net Cash From Continuing Operating Activities	38	137	48	56	39	46	32	-2.82	37	59	47
Net Income / (Loss) Continuing Operations	20	18	14	16	15	18	3.64	0.97	14	5.97	13
Consolidated Net Income / (Loss)	20	18	14	16	15	18	3.64	0.97	14	5.97	13
Depreciation Expense	8.67	8.93	9.05	8.85	8.99	9.01	9.16	9.36	9.37	9.54	9.38
Amortization Expense	2.89	2.38	2.54	2.58	2.56	2.55	2.61	2.66	2.47	2.47	2.52
Non-Cash Adjustments To Reconcile Net Income	4.89	36	-19	16	-55	19	-15	2.08	-23	21	-7.70
Changes in Operating Assets and Liabilities, net	0.73	73	42	13	68	-2.87	31	-18	34	20	30
Net Cash From Investing Activities	-20	-11	-6.15	-9.66	-7.93	-9.03	-4.11	-12	-6.41	-9.89	-16
Net Cash From Continuing Investing Activities	-20	-11	-6.15	-9.66	-7.93	-9.03	-4.11	-12	-6.41	-9.89	-16
Purchase of Property, Plant & Equipment	-20	-11	-5.90	-8.50	-9.81	-9.03	-4.16	-12	-11	-11	-18
Sale of Property, Plant & Equipment	0.00	0.01	0.00	0.04	1.97	0.00	0.05	0.01	0.03	0.70	0.03
Divestitures	-	-	0.00	-	-	-	0.00	-	5.06	-	2.26
Other Investing Activities, net	0.00	-	-0.25	-1.19	-0.08	-	0.00	-	-0.00	-	-0.12
Net Cash From Financing Activities	-1.05	-107	-27	-32	-22	-28	-2.47	-83	-7.50	-13	-26
Net Cash From Continuing Financing Activities	-1.05	-107	-27	-32	-22	-28	-2.47	-83	-7.50	-13	-26
Repayment of Debt	-200	-237	-191	-171	-146	-167	-157	-292	-326	-163	-119
Repurchase of Common Equity	-	-	0.00	-	-5.10	0.00	-8.00	-8.00	-10.00	-0.85	-5.80
Payment of Dividends	-5.87	-5.89	-5.89	-5.95	-5.96	-6.12	-6.12	-6.14	-6.11	-6.07	-6.06
Issuance of Debt	205	135	175	145	135	145	175	224	335	158	113
Other Financing Activities, net	-0.18	0.06	-5.43	0.02	-0.43	-0.14	-6.71	-0.12	-0.46	-0.13	-8.10
Effect of Exchange Rate Changes	-1.44	3.85	-2.32	-0.60	5.76	-5.38	2.39	7.37	-1.28	0.54	-2.19
Cash Interest Paid	-	-	7.40	7.91	6.50	-	5.03	5.99	4.44	3.96	3.49
Cash Income Taxes Paid	-	-	4.47	1.65	33	-	5.68	44	9.67	-	4.48

This table presents Benchmark Electronics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,894	1,999	2,109	1,900	1,760	1,744	1,904	2,227	2,275	2,134	2,072
Total Current Assets	1,389	1,532	1,631	1,404	1,195	1,202	1,348	1,652	1,636	1,506	1,448
Cash & Equivalents	466	681	743	458	348	391	272	207	277	315	322
Restricted Cash	-	-	-	0.00	16	5.18	-	0.00	5.82	13	0.34
Accounts Receivable	479	441	437	468	324	309	356	492	449	412	391
Inventories, net	412	381	269	310	315	327	523	728	684	554	483
Prepaid Expenses	31	28	36	27	30	26	42	41	44	45	69
Other Current Assets	-	-	146	140	161	143	155	184	175	168	183
Plant, Property, & Equipment, net	178	166	186	211	206	185	187	211	228	225	224
Total Noncurrent Assets	327	301	292	285	359	357	369	364	411	403	400
Goodwill	199	192	192	192	192	192	192	192	192	192	192
Noncurrent Deferred & Refundable Income Taxes	14	6.57	4.03	2.48	5.27	4.92	5.97	12	27	27	35
Other Noncurrent Operating Assets	114	103	97	91	162	160	171	159	192	184	173
Total Liabilities & Shareholders' Equity	1,894	1,999	2,109	1,900	1,760	1,744	1,904	2,227	2,275	2,134	2,072
Total Liabilities	572	633	770	768	745	755	930	1,201	1,196	1,030	972
Total Current Liabilities	333	412	478	537	459	481	654	749	714	649	636
Short-Term Debt	12	12	18	6.79	8.83	9.16	0.99	4.28	4.28	6.74	3.75
Accounts Payable	251	326	363	422	303	282	427	424	367	354	403
Accrued Expenses	-	-	-	-	102	100	103	110	115	122	105
Current Deferred Revenue	-	-	-	-	38	84	118	198	205	144	116
Current Deferred & Payable Income Tax Liabilities	5.07	3.53	12	10	7.90	5.57	6.16	12	22	22	7.69
Total Noncurrent Liabilities	239	221	292	230	286	274	276	452	482	381	336
Long-Term Debt	223	211	193	147	139	131	129	321	327	250	207
Noncurrent Deferred & Payable Income Tax Liabilities	-	0.00	8.69	14	14	4.79	0.08	0.50	-	3.72	7.51
Other Noncurrent Operating Liabilities	16	9.57	90	69	133	138	146	131	155	127	122
Total Equity & Noncontrolling Interests	1,322	1,365	1,339	1,132	1,015	990	974	1,026	1,079	1,105	1,100
Total Preferred & Common Equity	1,322	1,365	1,339	1,132	1,015	990	974	1,026	1,079	1,105	1,100
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,322	1,365	1,339	1,132	1,015	990	974	1,026	1,079	1,105	1,100
Common Stock	630	631	639	559	516	514	511	523	532	539	541
Retained Earnings	705	748	708	584	516	492	480	520	561	587	568
Accumulated Other Comprehensive Income / (Loss)	-13	-14	-8.15	-11	-17	-17	-17	-16	-14	-21	-8.98

This table presents Benchmark Electronics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q2 2023	Q3 2023	Q1 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2022	9/30/2022	6/30/2023	9/30/2023	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,167	2,277	2,307	2,333	2,155	2,149	2,136	2,031	2,067	2,096
Total Current Assets	1,601	1,708	1,721	1,707	1,511	1,509	1,505	1,397	1,435	1,460
Cash & Equivalents	262	247	245	260	309	324	355	265	285	325
Restricted Cash	1.65	2.04	0.74	1.22	0.58	0.00	0.00	0.00	0.64	0.33
Accounts Receivable	447	479	485	478	377	372	374	369	378	376
Inventories, net	667	747	756	725	600	582	560	532	509	507
Prepaid Expenses	45	45	49	52	42	44	44	56	63	60
Other Current Assets	179	188	186	190	182	187	172	175	199	191
Plant, Property, & Equipment, net	198	204	222	232	226	224	224	224	226	235
Total Noncurrent Assets	367	364	364	394	418	416	406	410	406	401
Goodwill	192	192	192	192	192	192	192	192	192	192
Noncurrent Deferred & Refundable Income Taxes	7.88	8.67	15	16	30	34	35	37	37	36
Other Noncurrent Operating Assets	167	163	157	186	196	190	179	181	177	173
Total Liabilities & Shareholders' Equity	2,167	2,277	2,307	2,333	2,155	2,149	2,136	2,031	2,067	2,096
Total Liabilities	1,181	1,276	1,260	1,270	1,060	1,046	1,031	924	958	1,000
Total Current Liabilities	785	849	722	699	643	639	636	592	619	669
Short-Term Debt	2.63	3.45	3.46	4.28	5.93	6.75	6.69	3.83	3.78	3.75
Accounts Payable	501	522	417	382	346	356	384	355	383	451
Accrued Expenses	93	99	101	111	107	107	95	101	106	97
Current Deferred Revenue	174	212	186	189	157	145	128	126	124	111
Current Deferred & Payable Income Tax Liabilities	15	12	15	13	27	24	23	6.16	2.43	6.08
Total Noncurrent Liabilities	396	427	538	571	417	407	395	332	339	330
Long-Term Debt	262	296	424	428	284	272	269	203	213	201
Noncurrent Deferred & Payable Income Tax Liabilities	0.08	0.08	0.50	0.50	0.00	0.00	-	2.89	2.89	7.59
Other Noncurrent Operating Liabilities	134	130	113	142	133	135	126	126	124	122
Total Equity & Noncontrolling Interests	986	1,001	1,048	1,063	1,095	1,103	1,105	1,107	1,109	1,097
Total Preferred & Common Equity	986	1,001	1,048	1,063	1,095	1,103	1,105	1,107	1,109	1,097
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	986	1,001	1,048	1,063	1,095	1,103	1,105	1,107	1,109	1,097
Common Stock	513	517	526	529	533	536	534	537	539	537
Retained Earnings	491	504	534	549	578	584	588	577	578	570
Accumulated Other Comprehensive Income / (Loss)	-18	-21	-13	-15	-17	-17	-17	-7.06	-7.18	-11

This table displays calculated financial ratios and metrics derived from Benchmark Electronics' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.16%	-8.60%	5.69%	4.56%	-11.63%	-9.48%	9.85%	27.98%	-1.64%	-6.44%	0.11%
EBITDA Growth	-2.36%	-6.91%	-6.08%	-10.27%	-29.25%	-6.72%	33.09%	43.35%	8.94%	-3.61%	-18.39%
EBIT Growth	-6.75%	-16.61%	-2.01%	-21.15%	-49.12%	-18.75%	118.06%	79.05%	11.87%	-5.83%	-28.30%
NOPAT Growth	19.42%	-28.13%	-148.76%	169.67%	1.97%	-16.69%	104.62%	74.31%	19.18%	-4.90%	-61.47%
Net Income Growth	17.43%	-32.99%	-149.90%	171.52%	2.66%	-40.00%	154.50%	90.74%	-5.74%	-1.54%	-59.34%
EPS Growth	22.00%	-30.05%	-150.00%	176.56%	22.45%	-36.67%	160.53%	92.93%	-6.28%	-3.91%	-59.04%
Operating Cash Flow Growth	8.81%	85.30%	-46.60%	-47.42%	21.45%	29.31%	-102.18%	-6,668.38%	198.21%	8.57%	-34.49%
Free Cash Flow Firm Growth	-230.79%	310.40%	-74.47%	-93.64%	1,210.84%	57.54%	-166.54%	-320.95%	143.54%	60.60%	-55.75%
Invested Capital Growth	25.16%	-16.81%	-10.95%	2.46%	-3.57%	-8.11%	13.43%	37.44%	-1.50%	-7.49%	-4.43%
Revenue Q/Q Growth	-22.16%	-0.27%	1.94%	-0.35%	-6.15%	0.63%	5.22%	4.25%	-2.05%	0.00%	1.82%
EBITDA Q/Q Growth	-17.30%	2.04%	-3.62%	-5.33%	-24.31%	40.70%	6.80%	9.94%	-1.15%	0.00%	-6.57%
EBIT Q/Q Growth	-24.82%	3.62%	-4.57%	-9.71%	-45.43%	692.13%	14.79%	15.14%	-1.67%	0.00%	-10.94%
NOPAT Q/Q Growth	-19.36%	-24.72%	-150.94%	127.87%	-57.88%	630.30%	12.53%	11.26%	4.03%	0.00%	-32.25%
Net Income Q/Q Growth	-2.82%	-24.70%	-150.71%	128.08%	-59.66%	2,561.47%	15.22%	14.81%	-5.39%	0.00%	-33.38%
EPS Q/Q Growth	22.00%	-23.81%	-151.61%	130.43%	-55.56%	0.00%	15.12%	14.37%	-5.29%	0.00%	-32.67%
Operating Cash Flow Q/Q Growth	4.67%	6.16%	8.52%	98.37%	-38.44%	96.04%	-102.80%	-40.81%	1,221.87%	-32.51%	11.47%
Free Cash Flow Firm Q/Q Growth	-184.77%	1,830.96%	-22.37%	107.22%	-49.83%	298.92%	-221.11%	-30.21%	203.77%	0.00%	21.90%
Invested Capital Q/Q Growth	29.23%	-1.89%	-11.11%	-5.91%	-3.85%	-9.63%	3.74%	8.83%	-8.74%	0.00%	-4.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	8.63%	9.24%	9.20%	8.02%	8.18%	8.53%	9.13%	8.84%	9.55%	10.17%	10.16%
EBITDA Margin	5.57%	5.67%	5.04%	4.33%	3.46%	3.57%	4.32%	4.84%	5.36%	5.53%	4.50%
Operating Margin	3.66%	3.31%	3.13%	2.28%	1.26%	1.22%	2.35%	3.12%	3.86%	4.12%	2.86%
EBIT Margin	3.61%	3.30%	3.06%	2.31%	1.33%	1.19%	2.37%	3.31%	3.76%	3.79%	2.71%
Profit (Net Income) Margin	3.75%	2.75%	-1.30%	0.89%	1.03%	0.68%	1.59%	2.36%	2.27%	2.38%	0.93%
Tax Burden Percent	105.96%	92.11%	-44.93%	41.08%	85.90%	81.28%	78.78%	80.90%	79.19%	75.48%	40.39%
Interest Burden Percent	98.05%	90.64%	94.62%	93.87%	90.58%	70.70%	85.13%	88.31%	76.02%	83.39%	85.30%
Effective Tax Rate	-5.96%	7.89%	144.93%	58.92%	14.10%	18.72%	21.22%	19.10%	20.81%	24.52%	59.61%
Return on Invested Capital (ROIC)	10.04%	7.08%	-4.02%	2.94%	3.01%	2.67%	5.34%	7.37%	7.65%	7.61%	3.04%
ROIC Less NNEP Spread (ROIC-NNEP)	10.99%	9.08%	-4.55%	3.23%	3.44%	5.37%	8.37%	46.05%	-19.61%	174.45%	9.46%
Return on Net Nonoperating Assets (RNNOA)	-2.73%	-2.33%	1.66%	-1.09%	-0.83%	-1.26%	-1.69%	-0.55%	-1.54%	-1.84%	-0.78%
Return on Equity (ROE)	7.31%	4.76%	-2.36%	1.85%	2.18%	1.40%	3.64%	6.82%	6.11%	5.78%	2.25%
Cash Return on Invested Capital (CROIC)	-12.31%	25.44%	7.56%	0.50%	6.65%	11.12%	-7.24%	-24.16%	9.16%	15.39%	7.57%
Operating Return on Assets (OROA)	5.15%	3.93%	3.65%	2.95%	1.65%	1.40%	2.92%	4.62%	4.75%	4.56%	3.43%
Return on Assets (ROA)	5.35%	3.28%	-1.55%	1.14%	1.28%	0.80%	1.96%	3.30%	2.86%	2.87%	1.18%
Return on Common Equity (ROCE)	7.31%	4.76%	-2.36%	1.85%	2.18%	1.40%	3.64%	6.82%	6.11%	5.78%	2.25%
Return on Equity Simple (ROE_SIMPLE)	7.22%	4.68%	-2.38%	2.02%	2.31%	1.42%	3.67%	6.65%	5.96%	5.69%	0.00%
Net Operating Profit after Tax (NOPAT)	99	71	-35	24	25	20	42	73	87	83	31
NOPAT Margin	3.88%	3.05%	-1.41%	0.94%	1.08%	1.00%	1.85%	2.52%	3.06%	3.11%	1.16%
Net Nonoperating Expense Percent (NNEP)	-0.96%	-1.99%	0.53%	-0.29%	-0.42%	-2.70%	-3.04%	-38.68%	27.26%	-166.84%	-6.42%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.39%	6.16%	6.03%	2.34%
Cost of Revenue to Revenue	91.37%	90.76%	90.80%	91.98%	91.82%	91.47%	90.87%	91.16%	90.45%	89.83%	89.84%
SG&A Expenses to Revenue	4.23%	4.89%	5.31%	5.00%	5.59%	5.95%	6.06%	5.20%	5.18%	5.63%	6.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.97%	5.93%	6.07%	5.74%	6.92%	7.30%	6.78%	5.72%	5.69%	6.05%	7.30%
Earnings before Interest and Taxes (EBIT)	92	77	75	59	30	24	53	96	107	101	72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	142	132	124	111	79	73	97	140	152	147	120
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.67	0.93	0.92	0.71	1.11	0.91	0.92	0.88	0.90	1.47	1.39
Price to Tangible Book Value (P/TBV)	0.79	1.08	1.07	0.86	1.37	1.13	1.15	1.08	1.09	1.77	1.68
Price to Revenue (P/Rev)	0.35	0.55	0.50	0.31	0.50	0.44	0.40	0.31	0.34	0.62	0.57
Price to Earnings (P/E)	9.32	19.85	0.00	35.36	48.20	64.32	25.06	13.17	15.07	25.81	61.39
Dividend Yield	0.00%	0.00%	0.00%	3.25%	1.96%	2.58%	2.57%	2.58%	2.43%	1.48%	1.59%
Earnings Yield	10.73%	5.04%	0.00%	2.83%	2.07%	1.55%	3.99%	7.59%	6.64%	3.88%	1.63%
Enterprise Value to Invested Capital (EV/IC)	0.60	0.89	0.87	0.61	1.14	0.88	0.91	0.89	0.90	1.50	1.43
Enterprise Value to Revenue (EV/Rev)	0.26	0.35	0.29	0.20	0.40	0.32	0.33	0.35	0.36	0.59	0.53
Enterprise Value to EBITDA (EV/EBITDA)	4.65	6.16	5.66	4.53	11.63	8.85	7.74	7.27	6.68	10.65	11.80
Enterprise Value to EBIT (EV/EBIT)	7.17	10.59	9.34	8.50	30.33	26.50	14.16	10.64	9.52	15.54	19.60
Enterprise Value to NOPAT (EV/NOPAT)	6.68	11.46	0.00	20.90	37.23	31.73	18.06	13.95	11.71	18.93	46.03
Enterprise Value to Operating Cash Flow (EV/OCF)	4.47	2.97	4.80	6.56	9.80	5.38	0.00	0.00	5.83	8.26	11.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	3.19	10.80	121.81	16.88	7.61	0.00	0.00	9.78	9.37	18.49
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.18	0.16	0.16	0.14	0.15	0.14	0.13	0.32	0.31	0.23	0.19
Long-Term Debt to Equity	0.17	0.15	0.14	0.13	0.14	0.13	0.13	0.31	0.30	0.23	0.19
Financial Leverage	-0.25	-0.26	-0.37	-0.34	-0.24	-0.24	-0.20	-0.01	0.08	-0.01	-0.08
Leverage Ratio	1.37	1.45	1.52	1.62	1.70	1.75	1.86	2.07	2.14	2.01	1.91
Compound Leverage Factor	1.34	1.31	1.44	1.52	1.54	1.24	1.58	1.82	1.63	1.68	1.63
Debt to Total Capital	15.10%	14.07%	13.65%	11.98%	12.71%	12.41%	11.80%	24.05%	23.47%	18.77%	16.07%
Short-Term Debt to Total Capital	0.79%	0.78%	1.18%	0.53%	0.76%	0.81%	0.09%	0.32%	0.30%	0.49%	0.29%
Long-Term Debt to Total Capital	14.32%	13.29%	12.47%	11.45%	11.95%	11.60%	11.71%	23.73%	23.17%	18.27%	15.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	84.90%	85.93%	86.35%	88.02%	87.29%	87.59%	88.20%	75.95%	76.53%	81.23%	83.93%
Debt to EBITDA	1.66	1.70	1.71	1.39	1.88	1.91	1.34	2.33	2.17	1.75	1.76
Net Debt to EBITDA	-1.63	-3.48	-4.29	-2.74	-2.75	-3.49	-1.45	0.84	0.31	-0.48	-0.93
Long-Term Debt to EBITDA	1.58	1.60	1.56	1.33	1.77	1.79	1.33	2.29	2.15	1.71	1.73
Debt to NOPAT	2.39	3.16	-6.13	6.41	6.02	6.86	3.12	4.46	3.81	3.11	6.86
Net Debt to NOPAT	-2.34	-6.47	15.38	-12.64	-8.82	-12.52	-3.38	1.61	0.55	-0.86	-3.64
Long-Term Debt to NOPAT	2.26	2.98	-5.60	6.12	5.67	6.42	3.09	4.40	3.76	3.03	6.73
Altman Z-Score	3.62	3.69	3.37	3.06	3.17	2.83	2.65	2.70	2.72	3.22	3.19
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.17	3.71	3.41	2.61	2.60	2.50	2.06	2.21	2.29	2.32	2.28
Quick Ratio	2.84	2.72	2.47	1.72	1.46	1.46	0.96	0.93	1.02	1.12	1.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-121	254	65	4.13	54	85	-57	-239	104	167	76
Operating Cash Flow to CapEx	393.45%	854.01%	268.95%	115.33%	267.18%	307.62%	-6.25%	-382.04%	226.09%	605.60%	328.36%
Free Cash Flow to Firm to Interest Expense	-40.33	27.32	6.90	0.39	8.12	10.19	-6.69	-18.52	3.26	6.20	3.79
Operating Cash Flow to Interest Expense	49.19	29.35	15.51	7.32	13.98	14.40	-0.31	-13.76	5.47	7.03	6.15
Operating Cash Flow Less CapEx to Interest Expense	36.69	25.91	9.74	0.97	8.75	9.72	-5.26	-17.37	3.05	5.87	4.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.42	1.19	1.20	1.28	1.24	1.17	1.24	1.40	1.26	1.20	1.26
Accounts Receivable Turnover	5.08	5.05	5.60	5.67	5.72	6.48	6.78	6.81	6.03	6.16	6.62
Inventory Turnover	5.71	5.31	6.85	8.16	6.67	5.85	4.82	4.21	3.64	3.86	4.61
Fixed Asset Turnover	13.80	13.49	13.92	12.92	10.88	10.50	12.13	14.50	12.93	11.73	11.85
Accounts Payable Turnover	8.58	7.30	6.47	6.02	5.74	6.42	5.78	6.18	6.49	6.61	6.31
Days Sales Outstanding (DSO)	71.79	72.29	65.23	64.33	63.77	56.33	53.83	53.61	60.51	59.22	55.15
Days Inventory Outstanding (DIO)	63.93	68.69	53.25	44.75	54.76	62.42	75.75	86.77	100.32	94.65	79.16
Days Payable Outstanding (DPO)	42.52	50.00	56.42	60.67	63.54	56.87	63.12	59.02	56.27	55.20	57.86
Cash Conversion Cycle (CCC)	93.20	90.98	62.06	48.42	55.00	61.89	66.46	81.36	104.56	98.67	76.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,091	908	808	828	799	734	832	1,144	1,127	1,042	988
Invested Capital Turnover	2.59	2.32	2.86	3.14	2.79	2.68	2.88	2.92	2.50	2.45	2.63
Increase / (Decrease) in Invested Capital	219	-183	-99	20	-30	-65	99	312	-17	-84	-46
Enterprise Value (EV)	658	811	701	503	913	648	755	1,016	1,017	1,563	1,414
Market Capitalization	889	1,269	1,232	807	1,129	904	897	899	969	1,634	1,526
Book Value per Share	$26.16	$27.94	$26.93	$25.90	$27.49	$27.13	$27.65	$29.18	$30.24	$30.93	$30.83
Tangible Book Value per Share	$22.22	$24.02	$23.08	$21.51	$22.29	$21.86	$22.19	$23.72	$24.86	$25.59	$25.44
Total Capital	1,557	1,589	1,551	1,286	1,163	1,130	1,104	1,351	1,410	1,371	1,310
Total Debt	235	224	212	154	148	140	130	325	331	257	211
Total Long-Term Debt	223	211	193	147	139	131	129	321	327	250	207
Net Debt	-231	-458	-531	-304	-216	-256	-141	118	48	-71	-112
Capital Expenditures (CapEx)	37	32	54	66	35	39	42	46	77	31	38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	602	450	428	415	381	334	423	700	643	534	494
Debt-free Net Working Capital (DFNWC)	1,068	1,132	1,171	873	745	730	695	907	926	862	816
Net Working Capital (NWC)	1,056	1,119	1,152	866	736	721	694	903	922	855	813
Net Nonoperating Expense (NNE)	3.10	6.86	-2.62	1.23	1.10	6.37	6.03	4.63	23	19	5.86
Net Nonoperating Obligations (NNO)	-231	-458	-531	-304	-216	-256	-141	118	48	-71	-112
Total Depreciation and Amortization (D&A)	50	55	49	52	48	49	44	44	45	46	48
Debt-free, Cash-free Net Working Capital to Revenue	23.69%	19.39%	17.44%	16.17%	16.79%	16.29%	18.76%	24.25%	22.66%	20.10%	18.57%
Debt-free Net Working Capital to Revenue	42.03%	48.73%	47.69%	34.02%	32.83%	35.57%	30.80%	31.43%	32.63%	32.45%	30.70%
Net Working Capital to Revenue	41.54%	48.20%	46.95%	33.76%	32.44%	35.13%	30.76%	31.29%	32.48%	32.19%	30.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.85	$1.30	($0.64)	$0.49	$0.61	$0.38	$1.00	$1.94	$1.81	$1.76	$0.69
Adjusted Weighted Average Basic Shares Outstanding	51.57M	49.30M	49.68M	46.33M	38.34M	36.52M	35.66M	35.18M	35.57M	35.97M	35.88M
Adjusted Diluted Earnings per Share	$1.83	$1.29	($0.64)	$0.49	$0.60	$0.38	$0.99	$1.91	$1.79	$1.72	$0.68
Adjusted Weighted Average Diluted Shares Outstanding	52.09M	49.83M	49.68M	46.66M	38.76M	36.82M	36.10M	35.72M	35.97M	36.76M	36.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.82M	49.63M	48.73M	40.65M	36.76M	36.33M	35.20M	35.19M	35.77M	36.02M	35.67M
Normalized Net Operating Profit after Tax (NOPAT)	75	82	60	48	36	37	53	80	93	87	74
Normalized NOPAT Margin	2.94%	3.55%	2.44%	1.85%	1.58%	1.79%	2.33%	2.76%	3.29%	3.29%	2.78%
Pre Tax Income Margin	3.54%	2.99%	2.89%	2.16%	1.20%	0.84%	2.01%	2.92%	2.86%	3.16%	2.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	30.65	8.23	7.98	5.65	4.52	2.92	6.30	7.41	3.35	3.74	3.58
NOPAT to Interest Expense	32.88	7.61	-3.67	2.30	3.68	2.44	4.93	5.65	2.72	3.07	1.52
EBIT Less CapEx to Interest Expense	18.15	4.79	2.21	-0.70	-0.71	-1.76	1.35	3.80	0.93	2.58	1.71
NOPAT Less CapEx to Interest Expense	20.38	4.17	-9.44	-4.05	-1.55	-2.24	-0.02	2.05	0.31	1.91	-0.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	92.06%	99.41%	163.93%	65.03%	33.94%	36.47%	37.76%	98.28%
Augmented Payout Ratio	71.66%	65.58%	-92.00%	1,020.57%	620.69%	343.37%	177.46%	47.70%	36.47%	45.81%	206.31%

This table displays calculated financial ratios and metrics derived from Benchmark Electronics' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	35,667,045.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	35,667,045.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.37
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.72%	-7.90%	-2.75%	-9.18%	-8.61%	-4.99%	-6.49%	-3.54%	3.49%	7.22%	7.20%
EBITDA Growth	18.09%	-4.20%	13.48%	1.03%	-42.73%	-3.88%	-36.78%	-12.44%	-2.26%	-21.76%	41.14%
EBIT Growth	24.09%	-5.88%	18.35%	1.58%	-26.19%	-6.28%	-55.01%	-20.50%	-4.55%	-32.62%	84.09%
NOPAT Growth	18.59%	15.71%	2.44%	7.80%	-12.45%	-39.21%	-72.72%	-94.19%	-22.64%	-61.06%	202.92%
Net Income Growth	8.41%	-17.28%	13.28%	10.99%	-24.68%	-26.86%	-73.98%	-93.74%	-7.23%	-63.18%	257.38%
EPS Growth	7.55%	-17.24%	8.57%	10.26%	-26.32%	-29.51%	-73.68%	-93.02%	-7.14%	-62.79%	260.00%
Operating Cash Flow Growth	220.43%	359.87%	294.56%	127.47%	0.00%	-66.50%	-34.99%	-105.06%	-6.22%	27.79%	49.28%
Free Cash Flow Firm Growth	30.20%	114.61%	-210.80%	658.17%	224.80%	129.61%	105.19%	-183.83%	-83.02%	-52.60%	17.47%
Invested Capital Growth	17.47%	-1.50%	0.00%	0.00%	-14.40%	-8.26%	-4.63%	0.00%	-1.65%	-4.43%	-4.78%
Revenue Q/Q Growth	-1.85%	-3.94%	-2.28%	-1.43%	0.00%	-0.13%	0.00%	1.67%	5.97%	3.47%	-3.84%
EBITDA Q/Q Growth	23.03%	-8.98%	-10.81%	1.16%	0.00%	8.50%	0.00%	40.10%	9.61%	-13.14%	5.81%
EBIT Q/Q Growth	33.34%	-11.40%	-16.01%	2.37%	0.00%	12.51%	0.00%	80.89%	16.31%	-20.57%	10.16%
NOPAT Q/Q Growth	26.51%	4.24%	-25.80%	10.17%	0.00%	-8.53%	0.00%	-76.51%	1,266.96%	-53.96%	104.91%
Net Income Q/Q Growth	45.89%	-14.01%	-20.23%	10.90%	0.00%	5.52%	0.00%	-73.33%	1,367.39%	-58.12%	118.03%
EPS Q/Q Growth	46.15%	-15.79%	-20.83%	13.16%	0.00%	2.38%	0.00%	-70.00%	1,200.00%	-58.97%	125.00%
Operating Cash Flow Q/Q Growth	53.16%	264.75%	-64.65%	15.19%	0.00%	17.63%	-31.39%	-108.96%	1,396.78%	60.28%	-19.85%
Free Cash Flow Firm Q/Q Growth	28.83%	126.55%	-2,594.61%	218.41%	0.00%	-43.48%	0.00%	-2,011.62%	103.22%	57.75%	20.84%
Invested Capital Q/Q Growth	0.40%	-8.74%	-4.62%	-100.00%	0.00%	-2.20%	0.00%	2.39%	-0.94%	-4.97%	-1.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.60%	10.27%	9.98%	10.20%	10.15%	10.34%	10.00%	10.08%	9.98%	10.53%	10.22%
EBITDA Margin	6.15%	5.83%	5.32%	5.46%	3.86%	5.90%	3.60%	4.96%	5.13%	4.30%	4.74%
Operating Margin	4.22%	4.64%	3.78%	4.09%	4.27%	4.34%	1.86%	3.19%	3.48%	2.86%	3.23%
EBIT Margin	4.55%	4.19%	3.60%	3.74%	3.67%	4.14%	1.73%	3.09%	3.39%	2.60%	2.98%
Profit (Net Income) Margin	2.84%	2.54%	2.07%	2.33%	2.34%	2.47%	0.58%	0.15%	2.10%	0.85%	1.92%
Tax Burden Percent	79.76%	78.58%	73.31%	75.66%	75.38%	67.94%	43.41%	5.85%	69.27%	37.46%	70.69%
Interest Burden Percent	78.21%	77.03%	78.43%	82.32%	84.44%	87.87%	76.61%	83.79%	89.32%	87.07%	91.33%
Effective Tax Rate	20.24%	21.42%	26.69%	24.34%	24.62%	32.06%	56.59%	94.15%	30.73%	62.54%	29.31%
Return on Invested Capital (ROIC)	8.53%	9.12%	14.54%	0.00%	0.00%	7.25%	2.01%	0.92%	6.00%	2.82%	6.17%
ROIC Less NNEP Spread (ROIC-NNEP)	5.12%	-0.16%	60.80%	0.00%	0.00%	34.59%	4.93%	1.71%	9.69%	4.54%	8.61%
Return on Net Nonoperating Assets (RNNOA)	0.55%	-0.01%	-1.13%	0.00%	0.00%	-0.37%	-0.22%	-0.09%	-0.51%	-0.38%	-0.78%
Return on Equity (ROE)	9.08%	9.11%	13.41%	0.00%	0.00%	6.89%	1.79%	0.83%	5.49%	2.44%	5.39%
Cash Return on Invested Capital (CROIC)	-8.76%	9.16%	-183.75%	0.00%	0.00%	16.00%	11.33%	-190.61%	5.98%	7.57%	9.01%
Operating Return on Assets (OROA)	5.72%	5.29%	4.72%	0.00%	0.00%	4.98%	2.11%	3.93%	4.20%	3.29%	3.81%
Return on Assets (ROA)	3.57%	3.20%	2.71%	0.00%	0.00%	2.98%	0.70%	0.19%	2.60%	1.07%	2.46%
Return on Common Equity (ROCE)	9.08%	9.11%	13.41%	0.00%	0.00%	6.89%	1.79%	0.83%	5.49%	2.44%	5.39%
Return on Equity Simple (ROE_SIMPLE)	6.40%	0.00%	6.02%	0.00%	0.00%	0.00%	4.79%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	24	25	19	21	21	19	5.10	1.20	16	7.55	15
NOPAT Margin	3.36%	3.65%	2.77%	3.10%	3.22%	2.95%	0.81%	0.19%	2.41%	1.07%	2.28%
Net Nonoperating Expense Percent (NNEP)	3.41%	9.29%	-46.27%	0.00%	9.22%	-27.34%	-2.92%	-0.79%	-3.69%	-1.72%	-2.44%
Return On Investment Capital (ROIC_SIMPLE)	-	1.79%	1.35%	-	-	1.42%	0.37%	0.09%	1.24%	0.58%	1.19%
Cost of Revenue to Revenue	90.40%	89.73%	90.02%	89.80%	89.85%	89.66%	90.00%	89.92%	90.02%	89.47%	89.78%
SG&A Expenses to Revenue	4.93%	5.16%	5.53%	5.71%	5.57%	5.70%	6.14%	6.32%	6.10%	5.50%	6.26%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.38%	5.63%	6.20%	6.11%	5.87%	6.00%	8.14%	6.89%	6.51%	7.67%	6.99%
Earnings before Interest and Taxes (EBIT)	33	29	24	25	24	27	11	20	23	18	20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	44	40	36	36	25	39	23	32	35	30	32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.80	0.90	0.96	0.00	1.45	1.45	1.24	1.27	1.25	1.39	1.82
Price to Tangible Book Value (P/TBV)	0.97	1.09	1.17	0.00	1.76	1.76	1.50	1.53	1.51	1.68	2.21
Price to Revenue (P/Rev)	0.29	0.34	0.37	0.51	0.00	0.60	0.52	0.54	0.53	0.57	0.74
Price to Earnings (P/E)	12.48	15.07	15.97	20.73	0.00	26.28	25.86	36.49	37.11	61.39	58.41
Dividend Yield	2.77%	2.43%	2.24%	1.70%	1.50%	1.50%	1.77%	1.75%	1.76%	1.59%	1.21%
Earnings Yield	8.01%	6.64%	6.26%	4.82%	0.00%	3.80%	3.87%	2.74%	2.69%	1.63%	1.71%
Enterprise Value to Invested Capital (EV/IC)	0.83	0.90	0.96	0.00	1.47	1.49	1.26	1.28	1.26	1.43	1.93
Enterprise Value to Revenue (EV/Rev)	0.35	0.36	0.37	0.00	0.00	0.58	0.49	0.52	0.50	0.53	0.69
Enterprise Value to EBITDA (EV/EBITDA)	6.63	6.68	6.60	0.00	0.00	10.46	9.66	10.42	10.26	11.80	14.55
Enterprise Value to EBIT (EV/EBIT)	9.39	9.52	9.34	0.00	0.00	15.26	14.79	16.37	16.23	19.60	23.10
Enterprise Value to NOPAT (EV/NOPAT)	12.22	11.71	11.83	0.00	0.00	19.26	18.64	27.28	29.00	46.03	45.59
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	5.83	4.17	0.00	5.54	8.12	7.49	11.83	11.82	11.41	13.47
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	9.78	0.00	0.00	0.00	8.89	10.85	0.00	20.96	18.49	20.84
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.41	0.31	0.26	0.00	0.25	0.23	0.25	0.19	0.20	0.19	0.19
Long-Term Debt to Equity	0.40	0.30	0.26	0.00	0.25	0.23	0.24	0.18	0.19	0.19	0.18
Financial Leverage	0.11	0.08	-0.02	0.00	0.06	-0.01	-0.05	-0.05	-0.05	-0.08	-0.09
Leverage Ratio	2.23	2.14	1.97	0.00	2.07	2.02	1.95	1.83	1.91	1.91	1.92
Compound Leverage Factor	1.75	1.65	1.54	0.00	1.75	1.77	1.49	1.54	1.70	1.66	1.76
Debt to Total Capital	28.92%	23.47%	20.91%	0.00%	20.18%	18.89%	19.97%	15.77%	16.32%	16.07%	15.74%
Short-Term Debt to Total Capital	0.29%	0.30%	0.43%	0.00%	0.49%	0.49%	0.48%	0.29%	0.29%	0.29%	0.29%
Long-Term Debt to Total Capital	28.63%	23.17%	20.48%	0.00%	19.69%	18.39%	19.48%	15.48%	16.04%	15.78%	15.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.08%	76.53%	79.09%	0.00%	79.82%	81.11%	80.03%	84.23%	83.68%	83.93%	84.26%
Debt to EBITDA	2.81	2.17	1.85	0.00	0.00	1.75	2.06	1.61	1.69	1.76	1.59
Net Debt to EBITDA	1.12	0.31	-0.13	0.00	0.00	-0.48	-0.60	-0.44	-0.54	-0.93	-0.93
Long-Term Debt to EBITDA	2.78	2.15	1.81	0.00	0.00	1.71	2.01	1.58	1.66	1.73	1.56
Debt to NOPAT	5.18	3.81	3.32	0.00	0.00	3.23	3.98	4.21	4.77	6.86	4.97
Net Debt to NOPAT	2.06	0.55	-0.23	0.00	0.00	-0.89	-1.15	-1.16	-1.54	-3.64	-2.92
Long-Term Debt to NOPAT	5.13	3.76	3.25	0.00	0.00	3.14	3.89	4.13	4.69	6.73	4.88
Altman Z-Score	2.54	2.61	2.80	0.00	0.00	3.09	2.91	3.09	3.03	3.11	3.36
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.44	2.29	2.35	0.00	2.36	2.32	2.37	2.36	2.32	2.28	2.18
Quick Ratio	1.05	1.02	1.07	0.00	1.09	1.12	1.15	1.07	1.07	1.12	1.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-159	42	-1,056	1,250	199	112	55	-1,048	34	53	64
Operating Cash Flow to CapEx	191.13%	1,244.71%	820.89%	659.23%	0.00%	508.54%	767.24%	-22.97%	319.25%	593.41%	257.84%
Free Cash Flow to Firm to Interest Expense	-18.81	4.87	-145.76	180.36	30.29	18.21	10.36	-165.13	7.65	13.01	17.65
Operating Cash Flow to Interest Expense	4.43	15.77	6.69	8.05	0.00	7.44	5.95	-0.44	8.29	14.32	12.89
Operating Cash Flow Less CapEx to Interest Expense	2.11	14.50	5.87	6.83	0.00	5.97	5.17	-2.38	5.69	11.91	7.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.26	1.26	1.31	0.00	0.00	1.20	1.22	1.27	1.24	1.26	1.28
Accounts Receivable Turnover	6.06	6.03	7.49	0.00	0.00	6.16	6.96	7.01	6.96	6.62	7.21
Inventory Turnover	3.57	3.64	4.24	0.00	0.00	3.86	4.05	4.37	4.30	4.61	4.55
Fixed Asset Turnover	13.30	12.93	12.48	0.00	0.00	11.73	11.61	11.57	11.60	11.85	11.78
Accounts Payable Turnover	5.81	6.49	7.35	0.00	0.00	6.61	6.42	6.56	6.36	6.31	5.81
Days Sales Outstanding (DSO)	60.23	60.51	48.74	0.00	0.00	59.22	52.44	52.06	52.43	55.15	50.61
Days Inventory Outstanding (DIO)	102.32	100.32	86.02	0.00	0.00	94.65	90.23	83.48	84.80	79.16	80.24
Days Payable Outstanding (DPO)	62.87	56.27	49.64	0.00	0.00	55.20	56.82	55.66	57.42	57.86	62.80
Cash Conversion Cycle (CCC)	99.68	104.56	85.12	0.00	0.00	98.67	85.85	79.88	79.80	76.44	68.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,235	1,127	1,075	0.00	1,057	1,034	1,025	1,049	1,040	988	976
Invested Capital Turnover	2.54	2.50	5.25	0.00	0.00	2.46	2.49	4.93	2.49	2.63	2.70
Increase / (Decrease) in Invested Capital	184	-17	1,075	-1,230	-178	-93	-50	1,049	-17	-46	-49
Enterprise Value (EV)	1,020	1,017	1,033	0.00	1,555	1,536	1,290	1,344	1,315	1,414	1,879
Market Capitalization	849	969	1,054	1,399	1,600	1,607	1,370	1,402	1,384	1,526	1,999
Book Value per Share	$29.80	$30.24	$30.58	$0.00	$30.54	$30.69	$30.67	$30.67	$30.89	$30.83	$30.74
Tangible Book Value per Share	$24.42	$24.86	$25.22	$0.00	$25.22	$25.35	$25.34	$25.34	$25.54	$25.44	$25.36
Total Capital	1,496	1,410	1,385	0.00	1,381	1,362	1,380	1,314	1,326	1,310	1,301
Total Debt	433	331	289	0.00	279	257	276	207	216	211	205
Total Long-Term Debt	428	327	284	0.00	272	250	269	203	213	207	201
Net Debt	172	48	-20	0.00	-46	-71	-80	-57	-70	-112	-120
Capital Expenditures (CapEx)	20	11	5.90	8.47	0.00	9.03	4.11	12	11	9.89	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	751	643	564	0.00	552	536	520	544	534	494	469
Debt-free Net Working Capital (DFNWC)	1,012	926	874	0.00	876	864	876	809	820	816	795
Net Working Capital (NWC)	1,008	922	868	0.00	870	857	869	805	816	813	791
Net Nonoperating Expense (NNE)	3.79	7.67	4.71	5.09	5.81	3.16	1.46	0.23	2.13	1.57	2.44
Net Nonoperating Obligations (NNO)	172	48	-20	0.00	-46	-71	-80	-57	-70	-112	-120
Total Depreciation and Amortization (D&A)	12	11	12	11	1.21	12	12	12	12	12	12
Debt-free, Cash-free Net Working Capital to Revenue	25.93%	22.66%	19.99%	0.00%	0.00%	20.18%	19.91%	21.02%	20.45%	18.57%	17.35%
Debt-free Net Working Capital to Revenue	34.93%	32.63%	30.98%	0.00%	0.00%	32.53%	33.52%	31.24%	31.41%	30.70%	29.38%
Net Working Capital to Revenue	34.78%	32.48%	30.77%	0.00%	0.00%	32.28%	33.26%	31.09%	31.26%	30.56%	29.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.50	$0.00	$0.00	$0.43	$0.45	$0.10	$0.03	$0.40	$0.16	$0.36
Adjusted Weighted Average Basic Shares Outstanding	0.00	35.57M	0.00	0.00	36.05M	35.97M	36.05M	35.99M	35.80M	35.88M	35.77M
Adjusted Diluted Earnings per Share	$0.00	$0.48	$0.00	$0.00	$0.42	$0.43	$0.10	$0.03	$0.39	$0.16	$0.36
Adjusted Weighted Average Diluted Shares Outstanding	0.00	35.97M	0.00	0.00	36.63M	36.76M	36.61M	36.26M	36.18M	36.30M	36.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	35.77M	0.00	0.00	36.00M	36.02M	36.10M	35.91M	35.68M	35.67M	35.88M
Normalized Net Operating Profit after Tax (NOPAT)	26	27	21	22	22	20	16	16	17	24	18
Normalized NOPAT Margin	3.54%	3.88%	3.13%	3.26%	3.31%	3.03%	2.57%	2.51%	2.57%	3.40%	2.67%
Pre Tax Income Margin	3.56%	3.23%	2.83%	3.08%	3.10%	3.64%	1.33%	2.59%	3.02%	2.26%	2.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.86	3.34	3.36	3.60	3.68	4.40	2.07	3.12	5.22	4.47	5.53
NOPAT to Interest Expense	2.86	2.90	2.58	2.97	3.23	3.14	0.96	0.19	3.71	1.84	4.24
EBIT Less CapEx to Interest Expense	1.54	2.07	2.55	2.37	0.00	2.94	1.29	1.19	2.62	2.06	0.53
NOPAT Less CapEx to Interest Expense	0.54	1.64	1.77	1.75	0.00	1.68	0.19	-1.75	1.11	-0.57	-0.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.29%	36.47%	35.69%	34.96%	0.00%	39.12%	45.58%	63.34%	65.62%	98.28%	71.19%
Augmented Payout Ratio	34.29%	36.47%	35.69%	34.96%	0.00%	47.46%	70.30%	118.26%	135.31%	206.31%	143.20%

Financials Breakdown Chart

Key Financial Trends

Benchmark Electronics (NYSE: BHE) has shown a mix of growing revenue and steady margins in 2025, with cash flow improvements and ongoing leverage considerations. The following takeaways come from the last four years of quarterly results, focusing on the most relevant trends for retail investors.

Revenue growth in 2025: Q4 2025 Operating Revenue was 704,331,000, up from Q4 2024's 656,887,000 (roughly +7.2%), with sequential gains through the year (Q1 631,764,000; Q2 642,335,000; Q3 680,678,000).
Gross margin remained around 10–11%: Q4 2025 Total Gross Profit was 74,169,000 on 704,331,000 in revenue (about 10.5%), a trend consistent with prior years’ quarterly margins between roughly 10% and 11%.
Improving cash flow from operations in 2025: Q4 2025 Net Cash From Continuing Operating Activities was 58,676,000, higher than Q4 2024's 45,916,000 and generally higher across the late-2024 to 2025 window, signaling better cash generation.
Positive free cash flow in the latest quarter: Q4 2025 CFO 58,676,000 minus capex (Purchase of Property, Plant & Equipment) of 10,590,000 yields roughly 48,086,000 in free cash flow for the period, supporting optional uses like debt reduction or shareholder returns.
Liquidity remains solid: Cash & Equivalents around 285–355 million in 2025 (Q3 2025 shows 285.4 million; Q1 2025 shows 355.3 million), with Total Current Assets near 1.4–1.6 billion and Total Current Liabilities around 619–619 million in mid-2025, indicating healthy short-term liquidity.
Debt issuance and repayments mix in 2025: The company issued debt in some quarters (e.g., Q3 2025: +335.0 million; Q4 2025: +157.5 million) but also repaid substantial debt in others (e.g., Q3 2025: repayment of 325.9 million), resulting in a mixed financing picture.
EPS shows quarterly volatility: Basic EPS in Q4 2025 was 0.16 and Diluted EPS 0.16, versus higher levels in some earlier quarters (for example, Q3 2025 Basic EPS around 0.40 and Q4 2024 around 0.45), reflecting fluctuations in share count and margins.
Q4 2025 net income declined vs year-ago quarter: Net Income Attributable to Common Shareholders was 5,973,000 in Q4 2025, down from 14,221,000 in Q4 2024, indicating a year-over-year earnings slowdown despite revenue gains.
Financing cash outflows persist: Net cash from financing activities was negative in several 2025 quarters (e.g., Q2 2025 and Q4 2025), driven by debt repayments and dividends, which can pressure near-term liquidity if not offset by cash flow from operations or new debt.
Leverage levels remain a watcher: Total Liabilities hovered near 1.0 billion in mid-2025, with long-term debt around 212–268 million depending on quarter, implying a meaningful leverage load that requires ongoing cash flow strength to service.

05/06/26 01:27 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Benchmark Electronics' Financials

When does Benchmark Electronics' fiscal year end?

According to the most recent income statement we have on file, Benchmark Electronics' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Benchmark Electronics' net income changed over the last 10 years?

Benchmark Electronics' net income were at $24.85 million at the end of 2025, a 59.3% decrease from 2024, and a 73.9% decrease since 2015. See Benchmark Electronics' forecast for analyst expectations on whatâ€™s next for the company.

What is Benchmark Electronics' operating income?

Benchmark Electronics' total operating income in 2025 was $76.05 million, based on the following breakdown:

Total Gross Profit: $270.06 million
Total Operating Expenses: $194.02 million

How has Benchmark Electronics' revenue changed over the last 10 years?

Over the last 10 years, Benchmark Electronics' total revenue changed from $2.54 billion in 2015 to $2.66 billion in 2025, a change of 4.7%.

How much debt does Benchmark Electronics have?

Benchmark Electronics' total liabilities were at $971.91 million at the end of 2025, a 5.6% decrease from 2024, and a 69.9% increase since 2015.

How much cash does Benchmark Electronics have?

In the past 10 years, Benchmark Electronics' cash and equivalents has ranged from $207.43 million in 2022 to $742.55 million in 2017, and is currently $322.06 million as of their latest financial filing in 2025.

How has Benchmark Electronics' book value per share changed over the last 10 years?

Over the last 10 years, Benchmark Electronics' book value per share changed from 26.16 in 2015 to 30.83 in 2025, a change of 17.8%.

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Financial statements for NYSE:BHE last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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