What is Fabrinet's operating income?

Fabrinet's total operating income in 2026 was $462.89 million, based on the following breakdown: Total Gross Profit: $556.51 million Total Operating Expenses: $93.62 million

Fabrinet (FN) Financials

$436.16 -8.71 (-1.96%)

As of 08/21/2026 03:58 PM Eastern

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Annual Income Statements for Fabrinet

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/24/2016	6/30/2017	6/29/2018	6/28/2019	6/26/2020	6/25/2021	6/24/2022	6/30/2023	6/28/2024	6/27/2025	6/26/2026
Net Income / (Loss) Attributable to Common Shareholders	63	96	83	120	114	148	194	253	301	334	464
Consolidated Net Income / (Loss)	62	97	84	121	113	148	200	248	296	333	473
Net Income / (Loss) Continuing Operations	62	97	84	121	113	148	200	248	296	333	473
Total Pre-Tax Income	68	104	88	126	119	150	207	260	311	355	555
Total Operating Income	70	106	94	123	117	151	205	252	278	324	463
Total Gross Profit	120	171	153	179	186	221	279	336	356	413	557
Total Revenue	977	1,420	1,372	1,584	1,642	1,879	2,262	2,645	2,883	3,419	4,641
Operating Revenue	977	1,420	1,372	1,584	1,642	1,879	2,262	2,645	2,883	3,419	4,641
Total Cost of Revenue	857	1,249	1,219	1,405	1,456	1,658	1,984	2,309	2,527	3,006	4,085
Operating Cost of Revenue	857	1,249	1,219	1,405	1,456	1,658	1,984	2,309	2,527	3,006	4,085
Total Operating Expenses	50	66	60	57	69	71	74	85	79	89	94
Selling, General & Admin Expense	50	66	58	55	68	71	74	78	78	87	94
Restructuring Charge	-	-	-	-	-	0.04	0.14	6.90	0.03	1.44	0.12
Total Other Income / (Expense), net	-1.38	-2.14	-5.80	3.59	1.84	-0.27	2.45	8.39	34	31	92
Interest Expense	1.57	3.32	3.61	5.38	3.04	1.10	0.43	1.47	0.12	0.00	0.08
Interest & Investment Income	1.54	1.98	3.93	6.70	7.59	3.78	2.21	11	33	40	32
Other Income / (Expense), net	-1.35	-0.79	-6.11	2.27	-2.71	-2.95	0.68	-1.37	0.67	-9.43	60
Income Tax Expense	6.34	6.74	3.86	5.28	5.76	2.14	6.59	12	15	23	82
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-1.08	1.72	0.91	1.13	-0.67	0.01	13	-7.34	-7.06	-1.23	13
Basic Earnings per Share	$1.73	$2.63	$2.26	$3.29	$3.07	$4.02	$5.43	$6.79	$8.17	$9.23	$13.21
Weighted Average Basic Shares Outstanding	35.86M	36.93M	37.26M	36.80M	36.91M	36.87M	36.88M	36.52M	36.25M	36.02M	35.82M
Diluted Earnings per Share	$1.68	$2.57	$2.21	$3.23	$3.01	$3.95	$5.36	$6.73	$8.10	$9.17	$13.05
Weighted Average Diluted Shares Outstanding	36.87M	37.85M	38.04M	37.42M	37.67M	37.56M	37.39M	36.86M	36.56M	36.27M	36.25M
Weighted Average Basic & Diluted Shares Outstanding	35.80M	36.90M	37.20M	36.86M	36.74M	36.80M	36.45M	36.19M	36.15M	35.73M	35.83M

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	9/26/2025	12/26/2025	3/27/2026	6/26/2026
Net Income / (Loss) Attributable to Common Shareholders	81	72	83	92	77	87	89	93	120	110	141
Consolidated Net Income / (Loss)	69	81	81	77	87	81	87	96	113	125	139
Net Income / (Loss) Continuing Operations	69	81	81	77	87	81	87	96	113	125	139
Total Pre-Tax Income	73	83	85	81	95	86	93	101	120	134	200
Total Operating Income	69	71	73	77	80	79	89	94	114	120	134
Total Gross Profit	88	91	92	99	101	102	111	116	138	144	158
Total Revenue	713	732	753	804	834	872	910	978	1,133	1,214	1,316
Operating Revenue	713	732	753	804	834	872	910	978	1,133	1,214	1,316
Total Cost of Revenue	624	641	661	705	733	770	798	862	995	1,070	1,158
Operating Cost of Revenue	624	641	661	705	733	770	798	862	995	1,070	1,158
Total Operating Expenses	19	20	19	22	21	23	22	22	23	24	24
Selling, General & Admin Expense	19	20	19	22	21	22	22	22	23	24	24
Restructuring Charge	0.00	0.00	-	0.06	0.05	1.26	0.07	0.00	0.00	0.00	0.12
Total Other Income / (Expense), net	3.89	12	12	3.82	15	7.44	4.18	7.24	5.32	14	65
Interest & Investment Income	7.75	8.51	11	11	11	10	7.77	9.42	8.56	7.42	7.03
Other Income / (Expense), net	-3.82	3.52	0.63	-7.11	3.98	-2.71	-3.59	-2.18	-3.23	6.78	59
Income Tax Expense	3.79	2.40	3.91	3.36	8.26	5.01	6.03	5.50	7.10	9.03	60
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-14	11	-1.48	-21	9.60	-11	-2.08	3.86	-9.59	18	0.35
Basic Earnings per Share	$1.90	$2.23	$2.24	$2.14	$2.40	$2.26	$2.43	$2.68	$3.14	$3.49	$3.90
Weighted Average Basic Shares Outstanding	36.33M	36.25M	36.25M	36.20M	36.16M	35.91M	36.02M	35.77M	35.83M	35.83M	35.82M
Diluted Earnings per Share	$1.89	$2.21	$2.22	$2.13	$2.38	$2.25	$2.41	$2.66	$3.11	$3.45	$3.83
Weighted Average Diluted Shares Outstanding	36.64M	36.60M	36.56M	36.41M	36.40M	36.17M	36.27M	36.10M	36.25M	36.30M	36.25M
Weighted Average Basic & Diluted Shares Outstanding	36.31M	36.15M	36.15M	36.27M	35.99M	35.83M	35.73M	35.83M	35.83M	35.83M	35.83M

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/24/2016	6/30/2017	6/29/2018	6/28/2019	6/26/2020	6/25/2021	6/24/2022	6/30/2023	6/28/2024	6/27/2025	6/26/2026
Net Change in Cash & Equivalents	30	-6.19	25	26	44	70	-104	34	179	-105	19
Net Cash From Operating Activities	47	71	138	147	151	122	124	213	413	328	257
Net Cash From Continuing Operating Activities	47	71	138	147	151	122	124	213	413	328	234
Net Income / (Loss) Continuing Operations	62	97	84	121	113	148	200	248	296	333	473
Consolidated Net Income / (Loss)	62	97	84	121	113	148	200	248	296	333	473
Depreciation Expense	17	24	29	30	31	36	39	44	49	53	68
Amortization Expense	1.56	1.20	0.49	-0.59	-1.70	0.83	2.75	-0.31	-3.62	-4.56	-4.72
Non-Cash Adjustments To Reconcile Net Income	11	28	28	10	28	24	28	29	29	42	-38
Changes in Operating Assets and Liabilities, net	-45	-79	-3.60	-13	-20	-87	-145	-108	43	-95	-265
Net Cash From Investing Activities	-40	-91	-59	-98	-71	-8.93	-136	-99	-170	-286	-184
Net Cash From Continuing Investing Activities	-40	-91	-59	-98	-71	-8.93	-136	-99	-170	-286	-184
Purchase of Property, Plant & Equipment	-41	-68	-34	-19	-42	-46	-90	-61	-48	-121	-253
Acquisitions	-0.38	-12	-1.58	-0.28	-1.18	-1.92	-1.00	-0.91	-0.89	-0.74	-1.18
Purchase of Investments	-108	-123	-153	-233	-196	-244	-198	-217	-436	-444	-309
Sale of Property, Plant & Equipment	0.19	0.23	0.45	0.60	1.63	0.09	0.26	0.13	2.69	0.25	1.39
Sale and/or Maturity of Investments	109	112	129	153	191	259	153	180	312	279	377
Net Cash From Financing Activities	23	13	-54	-23	-35	-43	-93	-81	-65	-147	-31
Net Cash From Continuing Financing Activities	23	13	-54	-23	-35	-43	-93	-81	-65	-147	-31
Repayment of Debt	-48	-19	-13	-3.72	-71	-12	-12	-15	-12	0.00	0.00
Repurchase of Common Equity	0.00	0.00	-42	-5.38	-21	-19	-60	-48	-39	-126	-5.23
Other Financing Activities, net	-2.46	-1.43	-5.51	-14	-4.89	-12	-21	-18	-13	-21	-25
Cash Interest Paid	1.09	1.92	2.22	2.61	1.69	2.44	2.24	2.38	0.31	0.00	0.00
Cash Interest Received	1.05	1.75	3.95	5.81	9.68	4.45	1.60	11	30	34	33
Cash Income Taxes Paid	5.47	5.22	1.35	7.64	8.47	7.95	9.30	14	16	24	29

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	9/26/2025	12/26/2025	3/27/2026	6/26/2026
Net Change in Cash & Equivalents	26	51	25	-9.03	2.63	-98	-0.69	-1.36	15	38	-33
Net Cash From Operating Activities	84	101	83	83	116	74	55	103	46	53	55
Net Cash From Continuing Operating Activities	84	99	85	83	116	74	55	103	46	53	32
Net Income / (Loss) Continuing Operations	69	81	81	77	87	81	87	96	113	125	139
Consolidated Net Income / (Loss)	69	81	81	77	87	81	87	96	113	125	139
Depreciation Expense	12	12	12	13	13	13	14	15	16	18	20
Amortization Expense	-0.87	-0.96	-1.10	-1.09	-1.14	-1.21	-1.13	-1.22	-1.20	-1.21	-1.10
Non-Cash Adjustments To Reconcile Net Income	11	-0.26	9.06	15	2.84	14	9.28	12	14	2.41	-67
Changes in Operating Assets and Liabilities, net	-7.34	7.03	-17	-21	15	-34	-54	-19	-95	-91	-59
Net Cash From Investing Activities	-49	-17	-51	-72	-44	-137	-33	-81	-25	-14	-64
Net Cash From Continuing Investing Activities	-49	-17	-51	-72	-44	-137	-33	-81	-25	-14	-64
Purchase of Property, Plant & Equipment	-9.80	-14	-13	-20	-22	-29	-50	-45	-52	-64	-92
Acquisitions	-0.34	-0.25	-0.12	-0.12	-0.11	-0.29	-0.22	-0.17	-0.06	-0.45	-0.50
Purchase of Investments	-87	-103	-167	-96	-60	-148	-140	-110	-69	-62	-67
Sale of Property, Plant & Equipment	1.73	0.27	0.38	0.04	0.07	0.01	0.14	0.02	0.01	0.03	1.33
Sale and/or Maturity of Investments	47	100	129	44	38	40	157	75	96	112	95
Net Cash From Financing Activities	-9.62	-33	-7.05	-20	-69	-35	-23	-23	-5.74	-0.92	-1.07
Net Cash From Continuing Financing Activities	-9.62	-33	-7.05	-20	-69	-35	-23	-23	-5.74	-0.92	-1.07
Other Financing Activities, net	-0.21	-0.36	-0.46	-20	-0.49	-0.20	-0.36	-23	-0.93	-0.77	-1.07

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/24/2016	6/30/2017	6/29/2018	6/28/2019	6/26/2020	6/25/2021	6/24/2022	6/30/2023	6/28/2024	6/27/2025	6/26/2026
Total Assets	856	1,033	1,088	1,255	1,382	1,616	1,836	1,980	2,339	2,831	3,911
Total Current Assets	673	799	854	1,024	1,135	1,353	1,525	1,653	2,013	2,429	3,160
Cash & Equivalents	143	134	158	181	225	303	198	231	410	306	347
Short-Term Investments	142	151	174	256	263	245	280	319	449	628	528
Accounts Receivable	196	264	247	261	297	337	453	532	592	759	1,018
Inventories, net	181	239	258	294	310	422	557	520	463	581	1,021
Prepaid Expenses	3.11	6.31	8.06	8.83	5.40	11	12	7.85	11	38	50
Other Current Assets	6.66	4.16	5.95	23	28	34	25	43	88	116	196
Plant, Property, & Equipment, net	178	217	220	211	228	241	292	310	307	381	615
Total Noncurrent Assets	4.16	17	14	21	18	22	18	17	19	22	136
Intangible Assets	0.50	5.84	4.88	3.89	4.31	4.37	3.51	2.39	2.32	2.16	2.46
Noncurrent Deferred & Refundable Income Taxes	1.81	2.91	5.28	5.68	5.68	9.43	9.80	12	10	13	19
Other Noncurrent Operating Assets	1.85	1.58	0.08	7.53	8.27	8.69	4.89	2.27	5.82	6.39	114
Total Liabilities & Shareholders' Equity	856	1,033	1,088	1,255	1,382	1,616	1,836	1,980	2,339	2,831	3,911
Total Liabilities	301	352	347	392	408	504	582	511	593	850	1,457
Total Current Liabilities	256	311	270	313	334	444	538	482	558	810	1,403
Accounts Payable	172	215	220	258	252	347	440	381	442	637	1,006
Accrued Expenses	8.07	9.23	9.01	9.00	8.98	17	34	34	20	96	57
Current Deferred & Payable Income Tax Liabilities	2.01	1.98	0.71	1.80	2.24	3.61	2.90	6.02	3.94	7.94	63
Current Employee Benefit Liabilities	12	14	13	17	19	20	20	24	22	0.00	32
Other Current Liabilities	37	22	23	23	39	44	30	25	70	69	245
Total Noncurrent Liabilities	46	40	77	79	73	59	43	29	35	40	54
Noncurrent Deferred & Payable Income Tax Liabilities	0.85	1.98	2.28	3.56	4.73	5.11	6.00	4.80	4.90	1.60	1.65
Noncurrent Employee Benefit Liabilities	6.68	8.49	10	15	17	19	18	22	24	31	32
Other Noncurrent Operating Liabilities	2.08	6.04	3.06	2.71	12	7.29	3.89	2.15	5.84	6.96	21
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	554	682	741	863	974	1,113	1,254	1,469	1,746	1,982	2,454
Total Preferred & Common Equity	554	682	741	863	974	1,113	1,254	1,469	1,746	1,982	2,454
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	554	682	741	863	974	1,113	1,254	1,469	1,746	1,982	2,454
Common Stock	103	134	152	159	176	190	197	207	222	238	252
Retained Earnings	451	548	632	755	868	1,016	1,217	1,465	1,761	2,093	2,566
Treasury Stock	-	0.00	-42	-48	-69	-87	-147	-195	-234	-360	-365
Accumulated Other Comprehensive Income / (Loss)	0.59	-0.35	-1.26	-2.39	-1.15	-6.27	-13	-8.12	-3.14	10	0.97

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

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/30/2022	3/31/2023	9/29/2023	12/29/2023	3/29/2024	9/27/2024	12/27/2024	3/28/2025	9/26/2025	12/26/2025	3/27/2026
Total Assets	1,968	2,029	2,019	2,133	2,237	2,439	2,542	2,619	3,009	3,269	3,509
Total Current Assets	1,648	1,705	1,692	1,806	1,916	2,109	2,199	2,244	2,559	2,774	2,945
Cash & Equivalents	251	231	308	334	385	401	404	307	305	320	357
Short-Term Investments	277	308	362	407	409	508	531	644	664	641	589
Accounts Receivable	520	540	535	585	584	663	680	658	707	802	909
Inventories, net	537	554	440	415	454	440	489	531	722	799	876
Prepaid Expenses	9.48	11	6.33	5.95	9.37	9.43	18	19	37	34	38
Other Current Assets	54	61	40	60	75	88	77	85	125	179	177
Plant, Property, & Equipment, net	302	308	307	306	303	311	324	354	419	460	525
Total Noncurrent Assets	18	16	21	21	18	19	20	20	30	35	39
Intangible Assets	3.32	2.47	2.60	2.55	2.43	2.20	2.06	2.17	2.11	2.23	2.39
Noncurrent Deferred & Refundable Income Taxes	11	10	11	12	11	11	11	12	14	15	17
Other Noncurrent Operating Assets	3.44	2.87	6.63	6.40	4.37	5.73	6.99	6.61	14	17	19
Total Liabilities & Shareholders' Equity	1,968	2,029	2,019	2,133	2,237	2,439	2,542	2,619	3,009	3,269	3,509
Total Liabilities	584	587	489	522	577	612	699	712	948	1,084	1,204
Total Current Liabilities	550	555	455	487	544	576	663	675	906	1,037	1,156
Accounts Payable	438	436	357	377	429	428	529	521	696	784	859
Accrued Expenses	22	23	24	16	21	31	29	32	106	25	36
Current Deferred & Payable Income Tax Liabilities	2.47	2.79	7.01	7.58	4.83	4.38	8.21	8.09	11	8.00	7.61
Current Employee Benefit Liabilities	22	29	23	20	24	27	21	24	2.02	28	33
Other Current Liabilities	48	28	35	60	63	87	76	89	91	192	220
Total Noncurrent Liabilities	34	32	34	35	33	36	36	37	42	47	49
Noncurrent Deferred & Payable Income Tax Liabilities	5.93	6.16	5.12	4.55	4.64	2.02	1.04	1.37	1.71	2.36	1.22
Noncurrent Employee Benefit Liabilities	20	21	22	25	24	28	28	28	30	32	32
Other Noncurrent Operating Liabilities	1.95	1.77	6.23	5.93	4.06	6.36	7.66	7.35	10	12	16
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,384	1,442	1,530	1,611	1,660	1,827	1,843	1,907	2,061	2,185	2,305
Total Preferred & Common Equity	1,384	1,442	1,530	1,611	1,660	1,827	1,843	1,907	2,061	2,185	2,305
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	1,384	1,442	1,530	1,615	1,660	1,827	1,843	1,907	2,061	2,185	2,305
Common Stock	195	201	203	210	216	211	219	230	225	234	243
Retained Earnings	1,344	1,404	1,530	1,599	1,680	1,838	1,925	2,006	2,189	2,302	2,427
Treasury Stock	-152	-156	-	-198	-231	-234	-	-338	-360	-365	-365
Accumulated Other Comprehensive Income / (Loss)	-2.71	-6.28	-7.50	4.20	-4.66	12	2.35	8.55	7.33	14	-0.50

This table displays calculated financial ratios and metrics derived from Fabrinet's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/24/2016	6/30/2017	6/29/2018	6/28/2019	6/26/2020	6/25/2021	6/24/2022	6/30/2023	6/28/2024	6/27/2025	6/26/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	35,829,740.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	35,829,740.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	12.94
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.26%	45.43%	-3.42%	15.48%	3.63%	14.47%	20.37%	16.93%	8.99%	18.60%	35.73%
EBITDA Growth	42.19%	48.84%	-9.81%	31.53%	-6.74%	28.51%	33.43%	19.12%	10.15%	12.42%	61.16%
EBIT Growth	45.69%	53.44%	-16.50%	42.42%	-8.18%	28.87%	38.83%	22.00%	11.16%	13.20%	65.95%
NOPAT Growth	46.53%	56.28%	-9.35%	31.00%	-4.92%	33.01%	33.24%	21.16%	10.07%	15.03%	29.85%
Net Income Growth	41.83%	56.90%	-13.33%	43.71%	-6.18%	30.72%	35.08%	23.72%	19.47%	12.27%	42.25%
EPS Growth	38.84%	52.98%	-14.01%	46.15%	-6.81%	31.23%	35.70%	25.56%	20.36%	13.21%	42.31%
Operating Cash Flow Growth	-10.53%	50.64%	94.66%	6.75%	2.22%	-18.92%	1.71%	71.68%	93.68%	-20.52%	-21.82%
Free Cash Flow Firm Growth	36.07%	-522.51%	334.30%	19.38%	-32.93%	10.58%	-100.74%	20,318.87%	173.78%	-53.36%	-195.72%
Invested Capital Growth	26.47%	40.91%	1.06%	3.47%	9.01%	13.86%	32.87%	15.91%	-4.64%	18.08%	50.75%
Revenue Q/Q Growth	7.71%	7.09%	-1.80%	3.92%	0.00%	5.89%	3.59%	2.64%	3.50%	4.79%	9.59%
EBITDA Q/Q Growth	11.13%	6.61%	-4.25%	8.37%	-4.34%	8.81%	7.81%	2.38%	3.43%	3.79%	23.80%
EBIT Q/Q Growth	12.82%	7.12%	-7.42%	10.99%	-5.44%	9.37%	9.27%	2.41%	3.96%	3.80%	25.83%
NOPAT Q/Q Growth	12.87%	9.25%	-5.42%	6.94%	-3.00%	13.83%	4.74%	0.36%	5.71%	4.59%	0.64%
Net Income Q/Q Growth	12.00%	8.65%	-5.22%	9.20%	-4.17%	10.74%	7.38%	1.89%	7.35%	1.88%	12.36%
EPS Q/Q Growth	12.00%	7.53%	-5.15%	9.49%	-4.44%	10.96%	7.63%	2.28%	7.43%	2.12%	12.21%
Operating Cash Flow Q/Q Growth	-11.99%	7.28%	37.61%	-4.16%	2.95%	-2.69%	-17.57%	34.52%	2.98%	-7.85%	-0.05%
Free Cash Flow Firm Q/Q Growth	-89.40%	-5.52%	105.23%	-11.11%	-9.33%	63.42%	-101.06%	149.37%	-3.59%	-29.45%	-1,145.66%
Invested Capital Q/Q Growth	7.27%	7.54%	-3.28%	0.90%	1.50%	-0.53%	7.87%	-0.83%	2.06%	9.52%	16.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.24%	12.07%	11.18%	11.31%	11.34%	11.78%	12.32%	12.71%	12.35%	12.09%	11.99%
EBITDA Margin	8.95%	9.15%	8.55%	9.74%	8.76%	9.84%	10.90%	11.11%	11.23%	10.64%	12.64%
Operating Margin	7.15%	7.45%	6.84%	7.74%	7.15%	8.02%	9.04%	9.52%	9.63%	9.49%	9.97%
EBIT Margin	7.01%	7.39%	6.39%	7.88%	6.99%	7.86%	9.07%	9.46%	9.65%	9.21%	11.26%
Profit (Net Income) Margin	6.34%	6.84%	6.14%	7.63%	6.91%	7.89%	8.86%	9.37%	10.27%	9.72%	10.19%
Tax Burden Percent	90.72%	93.51%	95.61%	95.82%	95.17%	98.58%	96.82%	95.32%	95.13%	93.62%	85.21%
Interest Burden Percent	99.67%	98.87%	100.36%	101.06%	103.97%	101.82%	100.86%	103.90%	111.89%	112.75%	106.19%
Effective Tax Rate	9.28%	6.49%	4.39%	4.18%	4.83%	1.42%	3.18%	4.68%	4.87%	6.38%	14.79%
Return on Invested Capital (ROIC)	21.41%	24.87%	19.17%	24.56%	21.97%	26.19%	28.15%	27.69%	29.06%	31.40%	30.03%
ROIC Less NNEP Spread (ROIC-NNEP)	22.06%	25.71%	21.45%	23.49%	21.54%	26.25%	27.66%	26.07%	24.46%	28.19%	21.35%
Return on Net Nonoperating Assets (RNNOA)	-9.43%	-9.16%	-7.34%	-9.47%	-9.62%	-11.98%	-11.21%	-9.47%	-10.63%	-13.56%	-8.71%
Return on Equity (ROE)	11.98%	15.71%	11.83%	15.08%	12.35%	14.22%	16.94%	18.21%	18.43%	17.84%	21.33%
Cash Return on Invested Capital (CROIC)	-1.97%	-9.09%	18.12%	21.15%	13.35%	13.23%	-0.08%	12.95%	33.81%	14.82%	-10.45%
Operating Return on Assets (OROA)	8.96%	11.12%	8.27%	10.66%	8.70%	9.86%	11.89%	13.12%	12.89%	12.19%	15.51%
Return on Assets (ROA)	8.10%	10.28%	7.94%	10.32%	8.61%	9.90%	11.61%	13.00%	13.72%	12.86%	14.03%
Return on Common Equity (ROCE)	11.98%	15.71%	11.83%	15.08%	12.35%	14.22%	16.94%	18.21%	18.43%	17.84%	21.33%
Return on Equity Simple (ROE_SIMPLE)	11.16%	14.25%	11.36%	14.01%	11.65%	13.33%	15.98%	16.88%	16.97%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	63	99	90	118	112	149	198	240	264	304	394
NOPAT Margin	6.48%	6.97%	6.54%	7.42%	6.81%	7.91%	8.75%	9.07%	9.16%	8.88%	8.50%
Net Nonoperating Expense Percent (NNEP)	-0.65%	-0.84%	-2.28%	1.06%	0.43%	-0.06%	0.49%	1.62%	4.60%	3.21%	8.69%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	15.33%	16.07%
Cost of Revenue to Revenue	87.76%	87.93%	88.82%	88.69%	88.66%	88.22%	87.69%	87.29%	87.65%	87.91%	88.01%
SG&A Expenses to Revenue	5.09%	4.62%	4.21%	3.48%	4.16%	3.75%	3.27%	2.94%	2.72%	2.56%	2.01%
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	5.09%	4.62%	4.34%	3.57%	4.18%	3.76%	3.27%	3.20%	2.72%	2.60%	2.02%
Earnings before Interest and Taxes (EBIT)	68	105	88	125	115	148	205	250	278	315	523
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	87	130	117	154	144	185	247	294	324	364	586
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.27	2.34	1.84	2.12	2.24	3.16	2.44	3.21	5.07	5.34	7.66
Price to Tangible Book Value (P/TBV)	2.28	2.37	1.86	2.14	2.25	3.17	2.45	3.22	5.08	5.35	7.67
Price to Revenue (P/Rev)	1.29	1.12	0.99	1.15	1.33	1.87	1.35	1.78	3.07	3.10	4.05
Price to Earnings (P/E)	20.16	16.56	16.35	15.27	19.09	23.70	15.79	18.66	29.38	30.62	40.55
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.96%	6.04%	6.12%	6.55%	5.24%	4.22%	6.33%	5.36%	3.40%	3.27%	2.47%
Enterprise Value to Invested Capital (EV/IC)	3.14	2.96	2.32	2.99	3.27	4.98	3.25	4.49	9.01	9.22	11.35
Enterprise Value to Revenue (EV/Rev)	1.06	0.97	0.80	0.92	1.06	1.60	1.15	1.58	2.77	2.82	3.86
Enterprise Value to EBITDA (EV/EBITDA)	11.86	10.61	9.30	9.42	12.06	16.26	10.58	14.21	24.68	26.54	30.57
Enterprise Value to EBIT (EV/EBIT)	15.14	13.13	12.44	11.63	15.13	20.34	12.72	16.68	28.71	30.66	34.29
Enterprise Value to NOPAT (EV/NOPAT)	16.36	13.94	12.16	12.37	15.53	20.23	13.18	17.41	30.25	31.80	45.45
Enterprise Value to Operating Cash Flow (EV/OCF)	22.01	19.45	7.90	9.86	11.52	24.61	21.01	19.58	19.34	29.41	69.83
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	12.87	14.36	25.57	40.05	0.00	37.21	26.00	67.38	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.11	0.11	0.09	0.07	0.05	0.04	0.02	0.01	0.00	0.00	0.00
Long-Term Debt to Equity	0.07	0.03	0.08	0.07	0.04	0.02	0.01	0.00	0.00	0.00	0.00
Financial Leverage	-0.43	-0.36	-0.34	-0.40	-0.45	-0.46	-0.41	-0.36	-0.43	-0.48	-0.41
Leverage Ratio	1.48	1.53	1.49	1.46	1.44	1.44	1.46	1.40	1.34	1.39	1.52
Compound Leverage Factor	1.47	1.51	1.50	1.48	1.49	1.46	1.47	1.46	1.50	1.56	1.61
Debt to Total Capital	9.83%	9.61%	8.08%	6.59%	5.04%	3.43%	2.14%	0.82%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	3.95%	6.46%	0.46%	0.35%	1.18%	1.06%	0.95%	0.82%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	5.87%	3.15%	7.62%	6.24%	3.85%	2.37%	1.19%	0.00%	0.00%	0.00%	0.00%
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	90.17%	90.39%	91.92%	93.41%	94.96%	96.57%	97.86%	99.18%	100.00%	100.00%	100.00%
Debt to EBITDA	0.69	0.56	0.56	0.40	0.36	0.21	0.11	0.04	0.00	0.00	0.00
Net Debt to EBITDA	-2.57	-1.64	-2.31	-2.44	-3.09	-2.75	-1.83	-1.83	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.41	0.18	0.52	0.37	0.27	0.15	0.06	0.00	0.00	0.00	0.00
Debt to NOPAT	0.95	0.73	0.73	0.52	0.46	0.27	0.14	0.05	0.00	0.00	0.00
Net Debt to NOPAT	-3.54	-2.15	-3.02	-3.20	-3.97	-3.42	-2.28	-2.24	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.57	0.24	0.69	0.49	0.35	0.18	0.08	0.00	0.00	0.00	0.00
Altman Z-Score	5.24	5.74	5.34	5.91	6.25	7.21	6.33	9.03	12.38	10.78	10.83
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	2.63	2.57	3.16	3.27	3.40	3.04	2.83	3.43	3.61	3.00	2.25
Quick Ratio	1.88	1.77	2.14	2.23	2.35	1.99	1.73	2.25	2.60	2.09	1.35
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-5.81	-36	85	101	68	75	-0.56	112	307	143	-137
Operating Cash Flow to CapEx	116.49%	104.27%	413.71%	816.04%	370.16%	265.73%	139.09%	348.36%	921.50%	271.77%	102.23%
Free Cash Flow to Firm to Interest Expense	-3.70	-10.89	23.51	18.81	22.30	68.23	-1.29	76.25	2,478.07	0.00	-1,633.27
Operating Cash Flow to Interest Expense	30.01	21.36	38.29	27.39	49.49	111.05	287.61	144.91	3,331.82	0.00	3,056.25
Operating Cash Flow Less CapEx to Interest Expense	4.25	0.87	29.04	24.03	36.12	69.26	80.84	103.31	2,970.26	0.00	66.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.28	1.50	1.29	1.35	1.25	1.25	1.31	1.39	1.34	1.32	1.38
Accounts Receivable Turnover	5.90	6.17	5.37	6.24	5.89	5.93	5.73	5.37	5.13	5.06	5.22
Inventory Turnover	5.49	5.95	4.91	5.10	4.83	4.53	4.05	4.29	5.14	5.76	5.10
Fixed Asset Turnover	6.12	7.19	6.29	7.36	7.48	8.01	8.48	8.78	9.34	9.94	9.32
Accounts Payable Turnover	5.97	6.45	5.60	5.88	5.72	5.54	5.05	5.63	6.14	5.57	4.97
Days Sales Outstanding (DSO)	61.86	59.16	68.01	58.46	61.98	61.52	63.67	67.92	71.17	72.13	69.87
Days Inventory Outstanding (DIO)	66.45	61.39	74.34	71.60	75.65	80.56	90.10	85.10	70.98	63.40	71.59
Days Payable Outstanding (DPO)	61.18	56.59	65.21	62.06	63.84	65.84	72.34	64.88	59.44	65.52	73.42
Cash Conversion Cycle (CCC)	67.13	63.96	77.14	68.01	73.78	76.24	81.43	88.15	82.71	70.00	68.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	330	465	470	487	531	604	803	930	887	1,048	1,579
Invested Capital Turnover	3.30	3.57	2.93	3.31	3.23	3.31	3.22	3.05	3.17	3.53	3.53
Increase / (Decrease) in Invested Capital	69	135	4.93	16	44	74	199	128	-43	160	532
Enterprise Value (EV)	1,036	1,380	1,091	1,453	1,736	3,006	2,610	4,176	7,989	9,658	17,928
Market Capitalization	1,260	1,592	1,361	1,830	2,179	3,515	3,061	4,714	8,848	10,592	18,803
Book Value per Share	$15.38	$18.26	$20.08	$23.43	$26.53	$30.16	$34.08	$40.46	$48.30	$55.31	$68.50
Tangible Book Value per Share	$15.37	$18.00	$19.84	$23.23	$26.42	$30.04	$33.99	$40.40	$48.23	$55.25	$68.43
Total Capital	615	754	806	924	1,026	1,152	1,281	1,481	1,746	1,982	2,454
Total Debt	60	72	65	61	52	40	27	12	0.00	0.00	0.00
Total Long-Term Debt	36	24	61	58	40	27	15	0.00	0.00	0.00	0.00
Net Debt	-224	-213	-271	-376	-444	-508	-451	-538	-859	-934	-875
Capital Expenditures (CapEx)	40	68	33	18	41	46	89	61	45	121	251
Debt-free, Cash-free Net Working Capital (DFCFNWC)	157	251	252	277	318	372	520	632	596	685	882
Debt-free Net Working Capital (DFNWC)	442	536	588	714	813	920	999	1,183	1,455	1,619	1,757
Net Working Capital (NWC)	418	487	584	711	801	908	987	1,171	1,455	1,619	1,757
Net Nonoperating Expense (NNE)	1.43	1.85	5.54	-3.44	-1.75	0.27	-2.37	-8.00	-32	-29	-79
Net Nonoperating Obligations (NNO)	-224	-216	-271	-376	-444	-508	-451	-538	-859	-934	-875
Total Depreciation and Amortization (D&A)	19	25	30	29	29	37	41	44	45	49	64
Debt-free, Cash-free Net Working Capital to Revenue	16.11%	17.67%	18.38%	17.47%	19.35%	19.81%	23.01%	23.91%	20.68%	20.03%	19.00%
Debt-free Net Working Capital to Revenue	45.24%	37.75%	42.85%	45.07%	49.53%	48.97%	44.15%	44.71%	50.46%	47.35%	37.86%
Net Working Capital to Revenue	42.75%	34.32%	42.58%	44.86%	48.79%	48.32%	43.62%	44.26%	50.46%	47.35%	37.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.73	$2.63	$2.26	$3.29	$3.07	$4.02	$5.43	$6.79	$8.17	$9.23	$13.21
Adjusted Weighted Average Basic Shares Outstanding	35.86M	36.93M	37.26M	36.80M	36.91M	36.87M	36.88M	36.52M	36.25M	36.02M	35.82M
Adjusted Diluted Earnings per Share	$1.68	$2.57	$2.21	$3.23	$3.01	$3.95	$5.36	$6.73	$8.10	$9.17	$13.05
Adjusted Weighted Average Diluted Shares Outstanding	36.87M	37.85M	38.04M	37.42M	37.67M	37.56M	37.39M	36.86M	36.56M	36.27M	36.25M
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	36.20M	37.37M	36.45M	36.86M	36.74M	36.80M	36.45M	36.19M	36.15M	35.73M	35.83M
Normalized Net Operating Profit after Tax (NOPAT)	63	99	90	118	112	149	198	246	264	305	395
Normalized NOPAT Margin	6.48%	6.97%	6.54%	7.42%	6.81%	7.91%	8.76%	9.32%	9.16%	8.92%	8.50%
Pre Tax Income Margin	6.99%	7.31%	6.42%	7.97%	7.26%	8.01%	9.15%	9.83%	10.80%	10.39%	11.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	43.63	31.63	24.32	23.21	37.68	134.36	474.98	170.06	2,244.15	0.00	6,223.56
NOPAT to Interest Expense	40.36	29.80	24.88	21.84	36.70	135.10	458.36	162.99	2,129.65	0.00	4,695.70
EBIT Less CapEx to Interest Expense	17.87	11.14	15.07	19.86	24.31	92.57	268.21	128.47	1,882.58	0.00	3,234.08
NOPAT Less CapEx to Interest Expense	14.60	9.31	15.62	18.48	23.33	93.31	251.59	121.39	1,768.09	0.00	1,706.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	50.38%	4.45%	18.26%	12.70%	29.90%	19.19%	13.33%	37.81%	1.11%

This table displays calculated financial ratios and metrics derived from Fabrinet's official financial filings.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	9/26/2025	12/26/2025	3/27/2026	6/26/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	35,826,117.00	35,829,740.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	35,826,117.00	35,829,740.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	3.08	3.93
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.59%	9.96%	14.85%	17.32%	16.97%	19.17%	20.77%	21.62%	35.90%	39.29%	44.64%
EBITDA Growth	5.12%	21.41%	14.39%	7.81%	24.73%	2.42%	15.59%	29.65%	32.04%	62.29%	114.40%
EBIT Growth	4.62%	23.58%	16.75%	8.57%	28.20%	1.77%	15.58%	31.78%	33.02%	66.54%	125.56%
NOPAT Growth	0.42%	19.79%	25.66%	24.24%	11.08%	7.26%	19.10%	20.82%	48.09%	50.74%	12.38%
Net Income Growth	9.43%	36.33%	33.36%	18.90%	25.36%	0.46%	7.58%	23.95%	30.00%	54.03%	59.69%
EPS Growth	10.53%	38.13%	33.73%	19.66%	25.93%	1.81%	8.56%	24.88%	30.67%	53.33%	58.92%
Operating Cash Flow Growth	89.28%	171.73%	16.84%	-42.65%	37.71%	-26.45%	-33.67%	23.31%	-60.09%	-28.65%	-0.23%
Free Cash Flow Firm Growth	165.27%	201.44%	257.09%	67.20%	-34.93%	-109.40%	-168.17%	-448.90%	-604.99%	-2,140.54%	-467.91%
Invested Capital Growth	0.24%	-7.35%	-4.64%	5.67%	3.59%	10.04%	18.08%	19.03%	34.75%	42.13%	50.75%
Revenue Q/Q Growth	3.97%	2.64%	2.97%	6.77%	3.65%	4.58%	4.35%	7.52%	15.82%	7.19%	8.36%
EBITDA Q/Q Growth	1.27%	12.71%	-1.19%	-4.42%	17.17%	-7.45%	11.52%	7.21%	19.34%	13.75%	47.33%
EBIT Q/Q Growth	1.37%	14.79%	-1.19%	-5.57%	19.70%	-8.89%	12.23%	7.66%	20.82%	14.08%	52.01%
NOPAT Q/Q Growth	10.24%	5.86%	0.98%	5.43%	-1.44%	2.21%	12.14%	6.95%	20.81%	4.04%	-16.40%
Net Income Q/Q Growth	6.18%	17.08%	0.19%	-4.53%	11.94%	-6.17%	7.28%	10.00%	17.41%	11.17%	11.22%
EPS Q/Q Growth	6.18%	16.93%	0.45%	-4.05%	11.74%	-5.46%	7.11%	10.37%	16.92%	10.93%	11.01%
Operating Cash Flow Q/Q Growth	-41.97%	19.85%	-17.65%	0.14%	39.34%	-35.99%	-25.74%	86.17%	-54.90%	14.42%	3.85%
Free Cash Flow Firm Q/Q Growth	331.55%	118.24%	-18.12%	-78.32%	67.95%	-131.52%	-493.87%	-10.97%	-143.08%	-39.86%	-50.53%
Invested Capital Q/Q Growth	0.96%	-0.87%	2.06%	3.45%	-1.02%	5.30%	9.52%	4.28%	12.05%	11.07%	16.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.39%	12.43%	12.27%	12.31%	12.10%	11.72%	12.23%	11.90%	12.15%	11.89%	12.01%
EBITDA Margin	10.74%	11.79%	11.32%	10.13%	11.45%	10.14%	10.83%	10.80%	11.13%	11.81%	16.06%
Operating Margin	9.68%	9.75%	9.73%	9.57%	9.55%	9.05%	9.79%	9.63%	10.10%	9.89%	10.20%
EBIT Margin	9.15%	10.23%	9.82%	8.68%	10.03%	8.73%	9.40%	9.41%	9.81%	10.44%	14.65%
Profit (Net Income) Margin	9.70%	11.06%	10.76%	9.62%	10.39%	9.32%	9.59%	9.81%	9.94%	10.31%	10.58%
Tax Burden Percent	94.80%	97.12%	95.40%	95.84%	91.30%	94.20%	93.53%	94.58%	94.07%	93.27%	69.73%
Interest Burden Percent	111.83%	111.34%	114.92%	115.66%	113.54%	113.32%	109.09%	110.23%	107.70%	105.85%	103.60%
Effective Tax Rate	5.20%	2.88%	4.60%	4.16%	8.70%	5.80%	6.47%	5.42%	5.93%	6.73%	30.27%
Return on Invested Capital (ROIC)	28.50%	29.18%	29.45%	30.81%	30.50%	30.45%	32.37%	32.56%	34.68%	33.72%	25.14%
ROIC Less NNEP Spread (ROIC-NNEP)	27.91%	27.38%	27.86%	30.35%	28.82%	29.65%	31.93%	31.83%	34.15%	32.33%	20.09%
Return on Net Nonoperating Assets (RNNOA)	-11.59%	-11.43%	-12.11%	-14.20%	-13.93%	-14.48%	-15.36%	-15.37%	-16.07%	-14.55%	-8.20%
Return on Equity (ROE)	16.91%	17.76%	17.35%	16.62%	16.57%	15.98%	17.01%	17.19%	18.61%	19.17%	16.94%
Cash Return on Invested Capital (CROIC)	26.95%	35.27%	33.81%	25.66%	28.45%	22.25%	14.82%	14.38%	3.62%	-0.95%	-10.45%
Operating Return on Assets (OROA)	12.13%	13.36%	13.11%	11.69%	13.39%	11.74%	12.43%	12.41%	13.15%	14.43%	20.17%
Return on Assets (ROA)	12.86%	14.45%	14.37%	12.96%	13.88%	12.53%	12.68%	12.94%	13.32%	14.25%	14.57%
Return on Common Equity (ROCE)	16.93%	17.76%	17.35%	16.62%	16.58%	15.98%	17.01%	17.19%	18.61%	19.17%	16.94%
Return on Equity Simple (ROE_SIMPLE)	15.78%	16.62%	0.00%	16.89%	17.69%	17.11%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	65	69	70	74	73	74	83	89	108	112	94
NOPAT Margin	9.18%	9.47%	9.28%	9.17%	8.72%	8.52%	9.16%	9.11%	9.50%	9.22%	7.11%
Net Nonoperating Expense Percent (NNEP)	0.59%	1.80%	1.59%	0.47%	1.67%	0.80%	0.44%	0.73%	0.53%	1.40%	5.05%
Return On Investment Capital (ROIC_SIMPLE)	4.04%	-	-	-	3.94%	3.89%	4.20%	4.32%	4.93%	4.86%	3.81%
Cost of Revenue to Revenue	87.61%	87.57%	87.73%	87.69%	87.90%	88.28%	87.77%	88.10%	87.85%	88.11%	87.99%
SG&A Expenses to Revenue	2.71%	2.68%	2.54%	2.74%	2.54%	2.53%	2.44%	2.27%	2.06%	2.00%	1.80%
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	2.71%	2.68%	2.54%	2.75%	2.55%	2.68%	2.44%	2.27%	2.06%	2.00%	1.81%
Earnings before Interest and Taxes (EBIT)	65	75	74	70	84	76	85	92	111	127	193
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	77	86	85	81	95	88	99	106	126	143	211
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.28	4.13	5.07	4.75	4.32	3.70	5.34	6.22	7.84	8.58	7.66
Price to Tangible Book Value (P/TBV)	4.29	4.14	5.08	4.75	4.32	3.71	5.35	6.23	7.85	8.59	7.67
Price to Revenue (P/Rev)	2.54	2.46	3.07	2.89	2.55	2.16	3.10	3.57	4.40	4.67	4.05
Price to Earnings (P/E)	26.47	24.73	29.38	26.44	24.55	20.79	30.62	37.00	44.04	48.01	40.55
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.78%	4.04%	3.40%	3.78%	4.07%	4.81%	3.27%	2.70%	2.27%	2.08%	2.47%
Enterprise Value to Invested Capital (EV/IC)	7.05	6.99	9.01	8.45	7.73	6.39	9.22	10.85	13.22	13.85	11.35
Enterprise Value to Revenue (EV/Rev)	2.27	2.18	2.77	2.58	2.25	1.87	2.82	3.30	4.16	4.45	3.86
Enterprise Value to EBITDA (EV/EBITDA)	20.76	19.40	24.68	23.54	20.16	17.42	26.54	30.55	38.64	39.75	30.57
Enterprise Value to EBIT (EV/EBIT)	24.39	22.69	28.71	27.34	23.25	20.13	30.66	35.16	44.34	45.32	34.29
Enterprise Value to NOPAT (EV/NOPAT)	25.95	24.31	30.25	27.87	24.61	21.03	31.80	37.14	45.66	48.04	45.45
Enterprise Value to Operating Cash Flow (EV/OCF)	18.32	15.14	19.34	22.09	18.34	17.14	29.41	34.09	58.17	73.31	69.83
Enterprise Value to Free Cash Flow (EV/FCFF)	26.18	19.05	26.00	33.85	27.66	30.07	67.38	82.04	418.80	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.42	-0.42	-0.43	-0.47	-0.48	-0.49	-0.48	-0.48	-0.47	-0.45	-0.41
Leverage Ratio	1.37	1.38	1.34	1.33	1.35	1.36	1.39	1.40	1.44	1.46	1.52
Compound Leverage Factor	1.53	1.53	1.54	1.54	1.54	1.54	1.51	1.54	1.55	1.54	1.57
Debt to Total Capital	0.38%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.38%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt 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%
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	99.82%	99.82%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.02	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-2.47	-2.53	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.03	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-3.08	-3.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	11.12	10.28	12.09	11.63	9.95	9.08	10.51	11.09	12.41	12.76	10.55
Noncontrolling Interest Sharing Ratio	-0.10%	0.00%	0.00%	0.00%	-0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.71	3.52	3.61	3.66	3.32	3.32	3.00	2.83	2.68	2.55	2.25
Quick Ratio	2.72	2.53	2.60	2.73	2.43	2.38	2.09	1.85	1.70	1.60	1.35
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	63	138	113	25	41	-13	-77	-86	-208	-291	-438
Operating Cash Flow to CapEx	1,042.81%	757.40%	673.77%	411.51%	531.04%	260.19%	109.59%	226.66%	89.65%	83.06%	60.71%
Free Cash Flow to Firm to Interest Expense	1,758.73	5,314.48	6,655.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	2,337.92	3,879.62	4,886.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	2,113.72	3,367.38	4,160.82	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.33	1.31	1.34	1.35	1.34	1.34	1.32	1.32	1.34	1.38	1.38
Accounts Receivable Turnover	4.92	4.96	5.13	5.01	4.94	5.25	5.06	5.25	5.25	5.41	5.22
Inventory Turnover	5.00	4.84	5.14	5.98	6.06	5.82	5.76	5.44	5.32	5.29	5.10
Fixed Asset Turnover	8.94	9.11	9.34	9.72	9.92	9.92	9.94	9.83	9.93	9.63	9.32
Accounts Payable Turnover	5.84	5.64	6.14	6.70	6.05	6.04	5.57	5.63	5.22	5.40	4.97
Days Sales Outstanding (DSO)	74.13	73.65	71.17	72.82	73.92	69.48	72.13	69.56	69.47	67.52	69.87
Days Inventory Outstanding (DIO)	73.00	75.43	70.98	61.08	60.22	62.70	63.40	67.09	68.64	68.94	71.59
Days Payable Outstanding (DPO)	62.54	64.72	59.44	54.45	60.33	60.46	65.52	64.83	69.95	67.62	73.42
Cash Conversion Cycle (CCC)	84.59	84.37	82.71	79.44	73.80	71.72	70.00	71.82	68.16	68.85	68.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	877	869	887	918	908	957	1,048	1,092	1,224	1,359	1,579
Invested Capital Turnover	3.10	3.08	3.17	3.36	3.50	3.57	3.53	3.58	3.65	3.66	3.53
Increase / (Decrease) in Invested Capital	2.11	-69	-43	49	31	87	160	175	316	403	532
Enterprise Value (EV)	6,180	6,072	7,989	7,759	7,025	6,108	9,658	11,855	16,176	18,830	17,928
Market Capitalization	6,915	6,863	8,848	8,668	7,960	7,059	10,592	12,823	17,137	19,775	18,803
Book Value per Share	$44.44	$45.73	$48.30	$50.53	$50.82	$52.99	$55.31	$57.69	$60.98	$64.33	$68.50
Tangible Book Value per Share	$44.37	$45.66	$48.23	$50.47	$50.76	$52.93	$55.25	$57.63	$60.92	$64.26	$68.43
Total Capital	1,617	1,663	1,746	1,827	1,843	1,907	1,982	2,061	2,185	2,305	2,454
Total Debt	6.08	3.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-735	-791	-859	-909	-935	-951	-934	-969	-961	-945	-875
Capital Expenditures (CapEx)	8.07	13	12	20	22	29	50	45	52	64	91
Debt-free, Cash-free Net Working Capital (DFCFNWC)	585	581	596	624	601	619	685	685	776	845	882
Debt-free Net Working Capital (DFNWC)	1,326	1,375	1,455	1,533	1,536	1,569	1,619	1,653	1,737	1,790	1,757
Net Working Capital (NWC)	1,320	1,372	1,455	1,533	1,536	1,569	1,619	1,653	1,737	1,790	1,757
Net Nonoperating Expense (NNE)	-3.69	-12	-11	-3.66	-14	-7.01	-3.91	-6.84	-5.01	-13	-46
Net Nonoperating Obligations (NNO)	-735	-791	-859	-909	-935	-951	-934	-969	-961	-945	-875
Total Depreciation and Amortization (D&A)	11	11	11	12	12	12	13	14	15	17	19
Debt-free, Cash-free Net Working Capital to Revenue	21.52%	20.85%	20.68%	20.79%	19.25%	18.96%	20.03%	19.05%	19.95%	19.94%	19.00%
Debt-free Net Working Capital to Revenue	48.75%	49.36%	50.46%	51.07%	49.18%	48.10%	47.35%	46.02%	44.63%	42.26%	37.86%
Net Working Capital to Revenue	48.53%	49.25%	50.46%	51.07%	49.18%	48.10%	47.35%	46.02%	44.63%	42.26%	37.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.90	$2.23	$2.24	$2.14	$2.40	$2.26	$2.43	$2.68	$3.14	$3.49	$3.90
Adjusted Weighted Average Basic Shares Outstanding	36.33M	36.25M	36.25M	36.20M	36.16M	35.91M	36.02M	35.77M	35.83M	35.83M	35.82M
Adjusted Diluted Earnings per Share	$1.89	$2.21	$2.22	$2.13	$2.38	$2.25	$2.41	$2.66	$3.11	$3.45	$3.83
Adjusted Weighted Average Diluted Shares Outstanding	36.64M	36.60M	36.56M	36.41M	36.40M	36.17M	36.27M	36.10M	36.25M	36.30M	36.25M
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	36.31M	36.15M	36.15M	36.27M	35.99M	35.83M	35.73M	35.83M	35.83M	35.83M	35.83M
Normalized Net Operating Profit after Tax (NOPAT)	65	69	70	74	73	75	83	89	108	112	94
Normalized NOPAT Margin	9.18%	9.47%	9.28%	9.18%	8.72%	8.66%	9.16%	9.11%	9.50%	9.22%	7.12%
Pre Tax Income Margin	10.23%	11.39%	11.28%	10.04%	11.38%	9.90%	10.25%	10.37%	10.57%	11.06%	15.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1,810.86	2,878.08	4,349.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	1,817.31	2,663.67	4,113.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1,586.67	2,365.85	3,624.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	1,593.12	2,151.44	3,388.74	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	19.20%	26.93%	13.33%	0.00%	31.23%	32.79%	37.81%	35.89%	16.47%	6.53%	1.11%

Financials Breakdown Chart

Key Financial Trends

Fabrinet’s financial results show a strong multi-year growth trajectory, although the latest quarter also highlights working-capital pressure and unusually high non-operating income. Revenue increased from $564.4 million in Q3 2022 to $1.316 billion in Q4 2026. The pace of growth accelerated during fiscal 2026, with quarterly revenue rising from $978.1 million in Q1 to $1.133 billion in Q2, $1.214 billion in Q3 and $1.316 billion in Q4.

Profitability has improved alongside the expansion. Gross profit increased from $70.7 million in Q3 2022 to $158.1 million in Q4 2026, while operating income rose from $53.7 million to $134.2 million. Q4 2026 gross margin was approximately 12.0%, compared with roughly 11.6% in Q1 2026, and the operating margin reached approximately 10.2%. Diluted EPS also climbed from $1.35 in Q3 2022 to $3.83 in Q4 2026.

Fabrinet continues to generate positive operating cash flow, but cash conversion has become less consistent. Operating cash flow was $55.0 million in Q4 2026, down from $102.6 million in Q1 and $74.2 million in Q3 2025. The latest quarter included a $59.3 million unfavorable change in operating assets and liabilities, suggesting that receivables, inventory and other working-capital needs absorbed a meaningful portion of reported earnings.

Strong revenue expansion: Quarterly revenue nearly doubled from $655.4 million in Q1 2023 to $1.316 billion in Q4 2026, with particularly strong sequential growth throughout fiscal 2026.
Improving operating profitability: Q4 2026 operating income of $134.2 million was substantially above the $62.2 million reported in Q1 2023, while the latest operating margin was about 10.2%.
Higher earnings per share: Diluted EPS increased to $3.83 in Q4 2026 from $1.51 in Q4 2022, providing meaningful per-share earnings growth despite a relatively stable share count.
Growing production investment: Capital expenditures increased to $91.9 million in Q4 2026 from $20.3 million in Q1 2025, and net property, plant and equipment rose to $525.0 million by Q3 2026. This may support additional capacity and future revenue growth.
Large liquid-asset base: At Q3 2026, Fabrinet held $356.6 million in cash and $588.7 million in short-term investments, or approximately $945 million combined.
Limited financial debt: The 2026 balance-sheet data does not show material short- or long-term debt, reducing interest-rate and refinancing risk compared with more leveraged manufacturers.
Substantial shareholder equity: Total equity increased to $2.305 billion at Q3 2026 from $1.827 billion at Q1 2025, supported by retained earnings and ongoing profitability.
Investment portfolio activity: Fabrinet regularly purchases and sells short-term investments. These transactions provide liquidity management flexibility, but they also make quarterly investing cash flow less indicative of core business performance.
Non-operating income aided Q4 earnings: Q4 2026 included $65.5 million of total other income, including $58.5 million of other income and $7.0 million of interest and investment income. Investors should determine how much of this benefit is recurring.
Working-capital pressure: Accounts receivable increased to $908.5 million and inventory rose to $876.0 million at Q3 2026. The latest cash-flow statement reported a $59.3 million use of cash from operating assets and liabilities, which weakened cash conversion.

The balance sheet remains strong in absolute terms, but the composition of assets warrants monitoring. From Q1 2025 to Q3 2026, accounts receivable increased from $662.7 million to $908.5 million and inventory rose from $440.4 million to $876.0 million. Total current liabilities also increased from $576.0 million to $1.156 billion, driven largely by accounts payable. Although Fabrinet still had considerable liquidity, its current ratio declined from approximately 2.82 to 2.55.

Capital allocation has also become more demanding. Fabrinet spent $91.9 million on property, plant and equipment in Q4 2026 and reported a $63.8 million net investing cash outflow. After $1.1 million of financing outflows, net cash and equivalents declined by $33.0 million during the quarter. This is not necessarily a concern given the company’s liquid-asset position, but sustained investment will need to produce corresponding revenue and cash-flow growth.

Overall, Fabrinet’s statements point to a financially healthy company with powerful revenue growth, improving margins, rising EPS and a largely debt-free balance sheet. The main issues for investors are whether elevated receivables and inventory can be converted into cash, whether higher capital spending generates adequate returns, and how much of the latest earnings benefit came from non-operating income rather than core operations.

08/23/26 04:53 AM ETAI Generated. May Contain Errors.

Fabrinet Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Fabrinet's fiscal year ends in June. Their fiscal year 2026 ended on June 26, 2026.

Fabrinet's net income appears to be on an upward trend, with a most recent value of $473.03 million in 2026, rising from $61.90 million in 2016. The previous period was $332.53 million in 2025. Check out Fabrinet's forecast to explore projected trends and price targets.

Fabrinet's total operating income in 2026 was $462.89 million, based on the following breakdown:

Total Gross Profit: $556.51 million
Total Operating Expenses: $93.62 million

Over the last 10 years, Fabrinet's total revenue changed from $976.75 million in 2016 to $4.64 billion in 2026, a change of 375.2%.

Fabrinet's total liabilities were at $1.46 billion at the end of 2026, a 71.5% increase from 2025, and a 383.3% increase since 2016.

In the past 10 years, Fabrinet's cash and equivalents has ranged from $133.83 million in 2017 to $409.97 million in 2024, and is currently $346.71 million as of their latest financial filing in 2026.

Over the last 10 years, Fabrinet's book value per share changed from 15.38 in 2016 to 68.50 in 2026, a change of 345.3%.

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Financial statements for NYSE:FN last updated on 8/18/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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