JBL NYSE Electronic Manufacturing Services Financials FY2017βFY2026
Jabil had $36.0B of revenue in fiscal 2026, up 20.6% on the year before. Over five years, revenue changed +4.2% a year on average.
Hi! I read Jabilβs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
+20.6%
Yes. Sales grew 20.6% last year.
Does it make a profit?
2.9%
A little. It keeps 2.9% of every sale as profit.
Does profit turn into cash?
3.8%
Partly. 3.8% of sales ends up as free cash.
Is debt under control?
0.8x
Yes. It could repay its debt with 0.8 years of operating profit.
How healthy are the accounts?
8 / 9
Solid. It passes 8 of 9 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Jabil had $36.0B of revenue in fiscal 2026, up 20.6% on the year before. Over five years, revenue changed +4.2% a year on average. Its operating margin was 4.7%, up 0.8Β pts: of every 100 in sales, about 5 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Jabil made $1.0B of net profit in fiscal 2026. From fiscal 2017 to 2026, diluted EPS grew 34.2% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $1.4B in fiscal 2026, 3.8% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Jabil returned $1.1B to shareholders in fiscal 2026, 80% of free cash flow. The diluted share count fell 3.6%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.1M and sold $65.2M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.1M
1 insider
Sold, 12 months
$65.2M
13 insiders
Of sales under plans
29%
$19.2M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 20, 2026 | Gary K. SchickSVP, CHRO | Sold plan | 1,000 | $277.16 | $0.3M | Form 4 |
| Jul 17, 2026 | N. V. TyagarajanDirector | Bought | 500 | $299.63 | $0.1M | Form 4 |
| Jul 15, 2026 | Gary K. SchickSVP, CHRO | Sold plan | 1,000 | $319.86 | $0.3M | Form 4 |
| Jul 6, 2026 | Matthew CrowleyEVP, Global Business Units | Sold | 94 | $345.00 | $0.0M | Form 4 |
| Apr 30, 2026 | Gary K. SchickSVP, CHRO | Sold | 1,000 | $340.00 | $0.3M | Form 4 |
| Apr 20, 2026 | Andrew PriestleyEVP, Chief Operations Officer | Sold | 3,169 | $330.00 | $1.0M | Form 4 |
| Apr 17, 2026 | Steven D BorgesEVP, Global Business Units | Sold | 5,126 | $317.51 | $1.6M | Form 4 |
| Apr 16, 2026 | May Yee YapSVP, Chief Information Officer | Sold | 1,634 | $306.74 | $0.5M | Form 4 |
| Apr 13, 2026 | Rafael RennoSVP, Global Business Units | Sold | 1,000 | $305.00 | $0.3M | Form 4 |
| Apr 10, 2026 | Anousheh AnsariDirector | Sold | 2,000 | $300.00 | $0.6M | Form 4 |
| Apr 10, 2026 | Andrew PriestleyEVP, Chief Operations Officer | Sold | 4,000 | $301.00 | $1.2M | Form 4 |
| Apr 10, 2026 | Adam E. BerrySVP, IR and Corporate Affairs | Sold | 1,585 | $301.23 | $0.5M | Form 4 |
| Apr 9, 2026 | Steven D BorgesEVP, Global Business Units | Sold | 7,000 | $295.00 | $2.1M | Form 4 |
| Apr 8, 2026 | Rafael RennoSVP, Global Business Units | Sold | 1,000 | $288.00 | $0.3M | Form 4 |
| Apr 8, 2026 | Steven D BorgesEVP, Global Business Units | Sold | 7,000 | $290.00 | $2.0M | Form 4 |
| Apr 8, 2026 | Michael DastoorCEO, Director | Sold | 9,467 | $286.64 | $2.7M | Form 4 |
| Apr 1, 2026 | Adam E. BerrySVP, IR and Corporate Affairs | Sold | 1,000 | $272.80 | $0.3M | Form 4 |
| Mar 24, 2026 | Gary K. SchickSVP, CHRO | Sold | 1,000 | $278.33 | $0.3M | Form 4 |
| Mar 24, 2026 | Anousheh AnsariDirector | Sold | 1,000 | $270.00 | $0.3M | Form 4 |
| Feb 2, 2026 | Gary K. SchickSVP, CHRO | Sold plan | 422 | $243.77 | $0.1M | Form 4 |
| Jan 22, 2026 | Michael DastoorCEO, Director | Sold plan | 15,000 | $246.91 | $3.7M | Form 4 |
| Jan 16, 2026 | Adam E. BerrySVP, IR and Corporate Affairs | Sold | 1,596 | $253.20 | $0.4M | Form 4 |
| Jan 16, 2026 | Mark T MondelloExecutive Chairman, Director | Sold | 17,200 | $250.00 | $4.3M | Form 4 |
| Jan 15, 2026 | Mark T MondelloExecutive Chairman, Director | Sold | 2,800 | $255.17 | $0.7M | Form 4 |
| Jan 15, 2026 | Anousheh AnsariDirector | Sold | 500 | $252.00 | $0.1M | Form 4 |
| Jan 14, 2026 | Mark T MondelloExecutive Chairman, Director | Sold | 4,223 | $240.00 | $1.0M | Form 4 |
| Jan 13, 2026 | Mark T MondelloExecutive Chairman, Director | Sold | 15,777 | $240.06 | $3.8M | Form 4 |
| Jan 13, 2026 | Anousheh AnsariDirector | Sold | 500 | $240.00 | $0.1M | Form 4 |
| Jan 2, 2026 | Mark T MondelloExecutive Chairman, Director | Sold plan | 20,000 | $236.25 | $4.7M | Form 4 |
| Dec 23, 2025 | Steven D BorgesEVP, Global Business Units | Sold | 10,000 | $235.00 | $2.4M | Form 4 |
| Dec 19, 2025 | Mark T MondelloExecutive Chairman, Director | Sold | 50,000 | $225.32 | $11.3M | Form 4 |
| Dec 19, 2025 | Anousheh AnsariDirector | Sold | 1,500 | $225.00 | $0.3M | Form 4 |
| Dec 19, 2025 | Frederic E. McCoyEVP, Global Operations | Sold | 22,011 | $224.93 | $5.0M | Form 4 |
| Dec 1, 2025 | Mark T MondelloExecutive Chairman, Director | Sold plan | 20,000 | $212.20 | $4.2M | Form 4 |
| Nov 3, 2025 | Mark T MondelloExecutive Chairman, Director | Sold plan | 20,000 | $220.83 | $4.4M | Form 4 |
| Nov 3, 2025 | Gary K. SchickSVP, CHRO | Sold plan | 453 | $220.69 | $0.1M | Form 4 |
| Oct 31, 2025 | May Yee YapSVP, Chief Information Officer | Sold | 8,858 | $225.03 | $2.0M | Form 4 |
| Oct 29, 2025 | Francis McKaySVP, Chief Procurement Officer | Sold | 2,526 | $224.47 | $0.6M | Form 4 |
| Oct 28, 2025 | Gregory B HebardCFO | Sold plan | 6,086 | $213.54 | $1.3M | Form 4 |
| Oct 27, 2025 | Matthew CrowleyEVP, Global Business Units | Sold plan | 727 | $211.60 | $0.2M | Form 4 |
| Oct 24, 2025 | Kristine MelachrinoEVP, General Counsel | Sold | 6,579 | $213.40 | $1.4M | Form 4 |
| Oct 21, 2025 | Matthew CrowleyEVP, Global Business Units | Sold plan | 3,877 | $202.59 | $0.8M | Form 4 |
| Oct 20, 2025 | Matthew CrowleyEVP, Global Business Units | Sold plan | 2,656 | $210.31 | $0.6M | Form 4 |
| Oct 17, 2025 | Mark T MondelloExecutive Chairman, Director | Sold | 40,000 | $207.77 | $8.3M | Form 4 |
| Oct 1, 2025 | Mark T MondelloExecutive Chairman, Director | Sold plan | 20,000 | $214.84 | $4.3M | Form 4 |
| Oct 7, 2024 | Steven A RaymundDirector | Sold | 12,400 | $122.10 | $1.5M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Jabil owes $2.0B more than it holds in cash, about 0.8 years of operating profit.
Cash, debt and the ratios that show how comfortably Jabil can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.5B | $1.8B | $2.2B | $1.9B | $1.7B |
| Debt incl. finance leases | $3.2B | $3.2B | $3.2B | $3.3B | $3.7B |
| Net debt / EBITDA | 0.7x | 0.6x | 0.4x | 0.7x | 0.8x |
| Debt / equity | 1.3x | 1.1x | 1.9x | 2.2x | 2.3x |
| Interest coverage | 9.2x | 7.3x | 12.1x | 7.3x | 9.0x |
| Current ratio | 1.0x | 1.2x | 1.1x | 1.0x | 1.0x |
| Quick ratio | 0.6x | 0.8x | 0.7x | 0.7x | 0.7x |
| Total assets | $19.7B | $19.4B | $17.4B | $18.5B | $27.4B |
| Total liabilities | $17.3B | $16.6B | $15.6B | $17.0B | $25.8B |
| Shareholders' equity | $2.5B | $2.9B | $1.7B | $1.5B | $1.6B |
| Net debt (β = net cash) | $1.7B | $1.4B | $1.0B | $1.3B | $2.0B |
KIRA Β· Its return on capital was 39.3%: every 100 invested in the business earned about 39 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Jabil passes 8 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 6 / 9 | 5 / 9 | 8 / 9 |
| Accruals ratio | β1.8% | β5.5% | β4.2% |
| Altman Z'' | 2.36 | 1.65 | 1.32 |
What does the share cost, and how does it compare?
KIRA Β· At $275.68 a share, the company is worth $29.5B.
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.
Value per share
β
Adds net cash of β$2.0B and divides by 106.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Value per share
β
Reference multiples: today 28.1x Β· peers 26.0x Β· sector 33.5x.
KIRA Β· Jabil grew sales faster than 3 of its 4 similar companies.
Each companyβs latest fiscal year. Fiscal years end in different months, so periods donβt line up exactly.
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Jabil JBL | $29.5B | 20.6% | 4.7% | 3.8% | 39.3% | β | 8 | |
| Flex FLEX | $28.8B | 8.1% | 4.9% | 3.8% | 16.3% | 29.7x | 9 | Compare β |
| TE Connectivity TEL | $62.7B | 8.9% | 18.6% | 18.6% | 12.1% | 20.9x | 6 | Compare β |
| Sanmina SANM | $8.9B | 7.4% | 4.4% | 5.8% | 14.2% | 28.9x | 8 | Compare β |
| Fabrinet FN | $11.8B | 35.7% | 10.0% | 0.1% | 30.0% | β | 5 | Compare β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $19.1B | $22.1B | $25.3B | $27.3B | $29.3B | $33.5B | $34.7B | $28.9B | $29.8B | $36.0B |
| Gross profit | $1.5B | $1.7B | $1.9B | $1.9B | $2.4B | $2.6B | $2.9B | $2.7B | $2.6B | $3.3B |
| Research and development | $29.7M | $38.5M | $43.0M | $43.0M | $34.0M | $33.0M | $34.0M | $39.0M | $26.0M | $30.0M |
| Operating income | $410M | $542M | $701M | $500M | $1.1B | $1.4B | $1.5B | $2.0B | $1.2B | $1.7B |
| Interest expense | $138M | $149M | $188M | $174M | $130M | $151M | $211M | $167M | $162M | $189M |
| Pretax income | $256M | $373M | $451M | $261M | $944M | $1.2B | $1.3B | $1.8B | $892M | $1.4B |
| Income tax | $129M | $286M | $162M | $204M | $246M | $235M | $444M | $363M | $235M | $368M |
| Net income | $129M | $86.3M | $287M | $54.0M | $696M | $996M | $818M | $1.4B | $657M | $1.0B |
| Diluted EPS | $0.69 | $0.49 | $1.81 | $0.35 | $4.58 | $6.90 | $6.02 | $11.17 | $5.92 | $9.75 |
| Diluted shares | 0.19B | 0.18B | 0.16B | 0.16B | 0.15B | 0.14B | 0.14B | 0.12B | 0.11B | 0.11B |
| Cash flow | ||||||||||
| Cash from operations | β$1.5B | β$1.1B | $1.2B | $1.3B | $1.4B | $1.7B | $1.7B | $1.7B | $1.6B | $2.0B |
| Capital expenditure | $717M | $1.0B | $1.0B | $983M | $1.2B | $1.4B | $1.0B | $784M | $468M | $628M |
| Free cash flow | β$2.2B | β$2.1B | $188M | $274M | $274M | $266M | $704M | $932M | $1.2B | $1.4B |
| Depreciation and amortization | $760M | $774M | $772M | $795M | $876M | $925M | $924M | $696M | $674M | $681M |
| Stock-based compensation | $48.5M | $98.5M | $61.0M | $83.0M | $102M | $81.0M | $95.0M | $89.0M | $107M | $140M |
| Acquisitions | $36.6M | $110M | $153M | $147M | $50.0M | $18.0M | $29.0M | $90.0M | $392M | $852M |
| Share buybacks | $307M | $450M | $350M | $215M | $428M | $696M | $487M | $2.5B | $1.0B | $1.1B |
| Dividends paid | $60.0M | $57.8M | $52.0M | $50.0M | $50.0M | $48.0M | $45.0M | $42.0M | $36.0M | $35.0M |
| Dividends and buybacks | $367M | $508M | $402M | $265M | $478M | $744M | $532M | $2.5B | $1.0B | $1.1B |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.2B | $1.3B | $1.2B | $1.4B | $1.6B | $1.5B | $1.8B | $2.2B | $1.9B | $1.7B |
| Total debt | $2.1B | $2.5B | $2.5B | $2.7B | $2.9B | $2.9B | $2.9B | $2.9B | $2.9B | $3.4B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $168M | $319M | $318M | $286M | $354M | $365M | $319M |
| Current assets | $6.6B | $7.5B | $8.3B | $9.1B | $10.9B | $13.9B | $14.7B | $12.8B | $13.7B | $21.5B |
| Current liabilities | $6.9B | $7.2B | $8.5B | $9.1B | $10.7B | $13.7B | $12.7B | $11.8B | $13.7B | $21.7B |
| Inventory | $2.9B | $3.5B | $3.0B | $3.1B | $4.4B | $6.1B | $5.2B | $4.3B | $4.7B | $7.4B |
| Property and equipment, net | $3.2B | $3.2B | $3.3B | $3.7B | $4.1B | $4.0B | $3.1B | $3.0B | $2.8B | $3.0B |
| Total assets | $11.1B | $12.0B | $13.0B | $14.4B | $16.7B | $19.7B | $19.4B | $17.4B | $18.5B | $27.4B |
| Total liabilities | $8.7B | $10.1B | $11.1B | $12.6B | $14.5B | $17.3B | $16.6B | $15.6B | $17.0B | $25.8B |
| Shareholders' equity | $2.4B | $2.0B | $1.9B | $1.8B | $2.1B | $2.5B | $2.9B | $1.7B | $1.5B | $1.6B |
| Margins | ||||||||||
| Gross margin | 8.1% | 7.7% | 7.6% | 7.1% | 8.1% | 7.9% | 8.3% | 9.3% | 8.9% | 9.2% |
| Operating margin | 2.2% | 2.5% | 2.8% | 1.8% | 3.6% | 4.2% | 4.4% | 7.0% | 4.0% | 4.7% |
| EBITDA margin | 6.1% | 6.0% | 5.8% | 4.8% | 6.6% | 6.9% | 7.1% | 9.4% | 6.2% | 6.6% |
| Net margin | 0.7% | 0.4% | 1.1% | 0.2% | 2.4% | 3.0% | 2.4% | 4.8% | 2.2% | 2.9% |
| FCF margin | β11.4% | β9.7% | 0.7% | 1.0% | 0.9% | 0.8% | 2.0% | 3.2% | 3.9% | 3.8% |
| Returns | ||||||||||
| Return on capital | 6.0% | 8.4% | 13.9% | 7.6% | 22.0% | 28.4% | 23.8% | 45.6% | 31.1% | 39.3% |
| Return on capital employed | 9.1% | 12.0% | 15.2% | 10.2% | 18.7% | 23.2% | 24.1% | 32.7% | 22.7% | 32.2% |
| Return on equity | 5.4% | 4.0% | 15.0% | 2.9% | 35.3% | 43.4% | 30.8% | 60.3% | 40.4% | 66.7% |
| Return on assets | 1.2% | 0.8% | 2.3% | 0.4% | 4.5% | 5.5% | 4.2% | 7.6% | 3.7% | 4.5% |
| Growth | ||||||||||
| Revenue growth | 3.9% | 15.9% | 14.4% | 7.9% | 7.4% | 14.3% | 3.7% | β16.8% | 3.2% | 20.6% |
| Net income growth | β49.2% | β33.1% | 232.5% | β81.2% | 1,188.9% | 43.1% | β17.9% | 69.7% | β52.7% | 58.6% |
| EPS growth | β47.7% | β29.0% | 269.4% | β80.7% | 1,208.6% | 50.7% | β12.8% | 85.6% | β47.0% | 64.7% |
| FCF growth | β | β | β | 45.7% | 0.0% | β2.9% | 164.7% | 32.4% | 25.8% | 17.2% |
| Share count change | β3.6% | β5.8% | β9.4% | β2.1% | β2.1% | β5.1% | β5.9% | β8.5% | β10.8% | β3.6% |
| Financial health | ||||||||||
| Net debt / EBITDA | 0.7x | 1.0x | 0.9x | 1.2x | 0.8x | 0.7x | 0.6x | 0.4x | 0.7x | 0.8x |
| Debt / equity | 0.9x | 1.3x | 1.3x | 1.6x | 1.5x | 1.3x | 1.1x | 1.9x | 2.2x | 2.3x |
| Interest coverage | 3.0x | 3.6x | 3.7x | 2.9x | 8.1x | 9.2x | 7.3x | 12.1x | 7.3x | 9.0x |
| Current ratio | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x | 1.2x | 1.1x | 1.0x | 1.0x |
| Quick ratio | 0.5x | 0.6x | 0.6x | 0.7x | 0.6x | 0.6x | 0.8x | 0.7x | 0.7x | 0.7x |
| Capital allocation | ||||||||||
| Capex / revenue | 3.8% | 4.7% | 4.0% | 3.6% | 4.0% | 4.1% | 3.0% | 2.7% | 1.6% | 1.8% |
| Stock comp / revenue | 0.3% | 0.5% | 0.2% | 0.3% | 0.4% | 0.2% | 0.3% | 0.3% | 0.4% | 0.4% |
| Payouts / FCF | β | β | 213.8% | 96.7% | 174.5% | 279.7% | 75.6% | 272.8% | 88.4% | 79.7% |
| Quality scores | ||||||||||
| Piotroski F-score | 3.0 | 4.0 | 7.0 | 7.0 | 8.0 | 6.0 | 7.0 | 6.0 | 5.0 | 8.0 |
| Altman Z'' | 0.9 | 1.2 | 1.0 | 0.9 | 1.2 | 1.3 | 2.1 | 2.4 | 1.7 | 1.3 |
| Accruals ratio | 14.9% | 10.3% | β7.2% | β8.8% | β4.8% | β3.6% | β4.7% | β1.8% | β5.5% | β4.2% |
Source: SEC EDGAR XBRL filings (CIK 0000898293). Data updated October 23, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
