Flex
FLEX · Electronic Manufacturing Services
$76.55
0.2%Jabil
JBL · Electronic Manufacturing Services
$273.97
2.5%The short version
- Jabil is the larger business, with $36.0B of revenue in fiscal 2026 against $27.9B for Flex.
- Jabil grew revenue faster (20.6%, against 8.1%).
- Jabil earned a higher return on the capital invested in it (39.3%, against 16.3%).
- Investors pay more for each dollar of Flex’s earnings: a P/E of 29.6x against 28.1x for Jabil.
| Latest fiscal year | FLEX · FY26 | JBL · FY26 |
|---|---|---|
| Size | ||
| Market cap | $28.6B | $29.3B |
| Revenue | $27.9B | $36.0B |
| Free cash flow | $1.1B | $1.4B |
| Net income | $880M | $1.0B |
| Growth | ||
| Revenue growth | 8.1% | 20.6% |
| 5-year growth | 3.0% | 4.2% |
| Share count change | −5.0% | −3.6% |
| Profitability | ||
| Gross margin | 9.2% | 9.2% |
| Operating margin | 4.9% | 4.7% |
| Net margin | 3.2% | 2.9% |
| FCF margin | 3.8% | 3.8% |
| Return on capital | 16.3% | 39.3% |
| Return on equity | 17.4% | 66.7% |
| Balance sheet | ||
| Net debt | $1.4B | $2.0B |
| Net debt / EBITDA | 0.7x | 0.8x |
| Dividends and buybacks | $944M | $1.1B |
| Valuation & quality | ||
| P/E | 29.6x | 28.1x |
| Piotroski F-score | 9 | 8 |
FY17
FLEX $23.9B
JBL $19.1B
FY18
FLEX $25.4B
JBL $22.1B
FY19
FLEX $26.2B
JBL $25.3B
FY20
FLEX $24.2B
JBL $27.3B
FY21
FLEX $24.1B
JBL $29.3B
FY22
FLEX $24.6B
JBL $33.5B
FY23
FLEX $28.5B
JBL $34.7B
FY24
FLEX $26.4B
JBL $28.9B
FY25
FLEX $25.8B
JBL $29.8B
FY26
FLEX $27.9B
JBL $36.0B
FLEX
JBL
FY17
FLEX —
JBL 2.2%
FY18
FLEX —
JBL 2.5%
FY19
FLEX —
JBL 2.8%
FY20
FLEX 1.7%
JBL 1.8%
FY21
FLEX 3.3%
JBL 3.6%
FY22
FLEX 3.6%
JBL 4.2%
FY23
FLEX 3.6%
JBL 4.4%
FY24
FLEX 3.2%
JBL 7.0%
FY25
FLEX 4.5%
JBL 4.0%
FY26
FLEX 4.9%
JBL 4.7%
FLEX
JBL
FY17
FLEX −$4.3B
JBL −$2.2B
FY18
FLEX −$4.4B
JBL −$2.1B
FY19
FLEX −$3.7B
JBL $188M
FY20
FLEX −$2.0B
JBL $274M
FY21
FLEX −$207M
JBL $274M
FY22
FLEX $581M
JBL $266M
FY23
FLEX $315M
JBL $704M
FY24
FLEX $796M
JBL $932M
FY25
FLEX $1.1B
JBL $1.2B
FY26
FLEX $1.1B
JBL $1.4B
FLEX
JBL
FY17
FLEX 10.9%
JBL 6.0%
FY18
FLEX 12.7%
JBL 8.4%
FY19
FLEX 3.8%
JBL 13.9%
FY20
FLEX 5.7%
JBL 7.6%
FY21
FLEX 16.3%
JBL 22.0%
FY22
FLEX 16.2%
JBL 28.4%
FY23
FLEX 14.8%
JBL 23.8%
FY24
FLEX 13.8%
JBL 45.6%
FY25
FLEX 15.3%
JBL 31.1%
FY26
FLEX 16.3%
JBL 39.3%
FLEX
JBL
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.