Fabrinet
FN · Electronic Manufacturing Services
$314.94
0.9%TTM Technologies
TTMI · Electronic Manufacturing Services
$80.11
8.4%The short version
- Fabrinet is the larger business, with $4.6B of revenue in fiscal 2026 against $2.9B for TTM Technologies, about 1.6 times as much.
- Fabrinet grew revenue faster (35.7%, against 19.0%).
- Fabrinet kept more of each dollar of sales as operating profit (10.0% operating margin, against 9.1% operating margin).
- Fabrinet earned a higher return on the capital invested in it (30.0%, against 10.7%).
- Investors pay more for each dollar of TTM Technologies’s earnings: a P/E of 36.3x against 24.1x for Fabrinet.
| Latest fiscal year | FN · FY26 | TTMI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $11.4B | $8.6B |
| Revenue | $4.6B | $2.9B |
| Free cash flow | $4.2M | −$0.7M |
| Net income | $473M | $177M |
| Growth | ||
| Revenue growth | 35.7% | 19.0% |
| 5-year growth | 19.8% | 6.7% |
| Share count change | −0.0% | 1.3% |
| Profitability | ||
| Gross margin | 12.0% | 20.7% |
| Operating margin | 10.0% | 9.1% |
| Net margin | 10.2% | 6.1% |
| FCF margin | 0.1% | −0.0% |
| Return on capital | 30.0% | 10.7% |
| Return on equity | 21.3% | 10.7% |
| Balance sheet | ||
| Net debt | −$875M | $432M |
| Net debt / EBITDA | −1.7x | 1.1x |
| Dividends and buybacks | $5.2M | $17.9M |
| Valuation & quality | ||
| P/E | 24.1x | 36.3x |
| Piotroski F-score | 5 | 7 |
FY17
FN $1.4B
TTMI $2.7B
FY18
FN $1.4B
TTMI $2.2B
FY19
FN $1.6B
TTMI $2.1B
FY20
FN $1.6B
TTMI $2.1B
FY21
FN $1.9B
TTMI $2.2B
FY22
FN $2.3B
TTMI $2.5B
FY23
FN $2.6B
TTMI $2.2B
FY24
FN $2.9B
TTMI $2.4B
FY25
FN $3.4B
TTMI $2.9B
FY26
FN $4.6B
TTMI —
FN
TTMI
FY17
FN 7.5%
TTMI 8.0%
FY18
FN 6.8%
TTMI 5.3%
FY19
FN 7.7%
TTMI 5.1%
FY20
FN 7.2%
TTMI 1.3%
FY21
FN 8.0%
TTMI 5.6%
FY22
FN 9.0%
TTMI 8.4%
FY23
FN 9.5%
TTMI 1.9%
FY24
FN 9.6%
TTMI 4.8%
FY25
FN 9.5%
TTMI 9.1%
FY26
FN 10.0%
TTMI —
FN
TTMI
FY17
FN $2.7M
TTMI $181M
FY18
FN $104M
TTMI $123M
FY19
FN $129M
TTMI $169M
FY20
FN $108M
TTMI $184M
FY21
FN $76.1M
TTMI $94.7M
FY22
FN $34.7M
TTMI $170M
FY23
FN $152M
TTMI $27.0M
FY24
FN $366M
TTMI $51.2M
FY25
FN $207M
TTMI −$0.7M
FY26
FN $4.2M
TTMI —
FN
TTMI
FY17
FN —
TTMI 12.0%
FY18
FN —
TTMI 5.9%
FY19
FN —
TTMI 4.2%
FY20
FN 21.8%
TTMI 1.1%
FY21
FN 26.0%
TTMI 5.3%
FY22
FN 28.1%
TTMI 5.6%
FY23
FN 27.7%
TTMI 1.0%
FY24
FN 29.1%
TTMI 3.9%
FY25
FN 31.4%
TTMI 10.7%
FY26
FN 30.0%
TTMI —
FN
TTMI
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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.