Benchmark Electronics, Inc. BHE

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Insider Decisions

Total sells 12.89
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy
Sell 1 4 1 3 4 1 1
Insider Ownership 2.98%

Capital & Financial Ratios

Market Cap 2,720.00
Revenue 2,818.27
Net Income 53.14
Free Cash Flow 124.49
Net Debt (134.23)
Current Ratio 1.99
Debt/Equity 0.16
P/E ratio 50.95
P/S ratio 0.96
P/B ratio 2.42
Past 5Y EPS Growth 23.31%
This Y EPS Growth 23.23%
Next Y EPS Growth 13.02%
Next 5Y EPS Growth 7.06%
in millions of $

Dividends

Payout Ratio 0.35
Annual Dividend Rate 0.66
Annual Dividend Yield 2.24%
total individual payouts
2026 0.51
2025 0.68
2024 0.67
2023 0.66
2022 0.66
2021 0.66
2020 0.64
2019 0.60
2018 0.60
2017 ‡‡‡
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 283.21 328.03 322.40 315.21
Receivables 449.40 412.46 391.10 451.61
Inventory 683.80 553.65 482.54 544.26
Other 174.98 167.58 182.87 196.42
1,635.75 1,506.44 1,448.14 1,584.98
2023 2024 2025 Q'26
Payables 367.48 354.22 403.22 552.67
ST’ Debt 4.28 6.74 3.75 3.75
Other 204.88 143.61 115.55 124.32
713.55 649.11 635.58 795.32
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡
Earnings ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 677.28 755.98
’25 631.76 642.34 680.68 704.33 2,659.11
’24 675.58 665.90 657.75 656.89 2,656.11
’23 694.70 733.23 719.70 691.35 2,838.98
’22 636.08 728.03 771.58 750.64 2,886.33
’21 505.72 544.66 571.88 633.05 2,255.32
’20 514.96 490.97 525.95 521.25 2,053.13
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 47.03 34.68
’25 31.50 (2.82) 36.61 58.68 123.96
’24 48.46 55.82 39.04 45.92 189.23
’23 (24.91) 24.54 37.58 137.08 174.29
’22 (68.02) (25.48) (31.21) (52.75) (177.47)
’21 36.61 3.66 (41.58) (1.31) (2.62)
’20 (3.11) 23.03 5.70 94.82 120.44
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 28.79 21.77
’25 27.40 (15.11) 25.14 48.79 86.21
’24 42.55 47.35 31.19 36.89 157.98
’23 (63.62) 16.84 17.92 126.07 97.20
’22 (86.00) (32.20) (39.82) (65.90) (223.92)
’21 30.20 (8.43) (55.29) (11.04) (44.56)
’20 (16.00) 12.93 (0.11) 84.46 81.29
in millions of $

EPS

Mar Jun Sep Dec Year
’26 0.36 0.55
’25 0.10 0.03 0.39 0.17 0.68
’24 0.38 0.43 0.42 0.50 1.72
’23 0.35 0.39 0.57 0.49 1.79
’22 0.31 0.49 0.53 0.60 1.91
’21 0.22 0.20 0.23 0.35 0.99
’20 0.10 (0.09) 0.16 0.21 0.38

Target Price Range

High ‡‡‡‡‡ ‡‡‡‡‡
Average ‡‡‡‡‡ ‡‡‡‡
Low ‡‡‡‡‡ ‡‡‡‡

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell
Powerpack only forecast
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 21.11 20.58 25.36 30.73
Low Price
‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 30.00 29.46 52.57 50.26
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 11,873 12,703 11,700 11,840
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.24 0.22 0.23 0.22
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2,886.33 2,838.98 2,656.11 2,659.11 ‡‡‡‡‡ ‡‡‡‡‡
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.84% 9.55% 10.17% 10.16%
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 84.34 81.22 83.90 61.53
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.92% 2.86% 3.16% 2.31% ‡‡‡ ‡‡‡
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 68.23 68.94 61.13 24.85 ‡‡‡‡‡ ‡‡‡‡‡
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 44.25 45.41 46.14 47.63
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 82.05 79.82 73.84 74.11 ‡‡‡‡‡ ‡‡‡‡‡
Revenue/Sh
‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡ 1.94 1.81 1.76 0.69 ‡‡‡‡ ‡‡‡‡‡
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (5.04) 4.90 5.26 3.46
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (1.32) (2.17) (0.87) (1.05) ‡‡‡ ‡‡‡
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (6.37) 2.73 4.39 2.40
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 29.18 30.34 30.71 30.65
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 35.18 35.57 35.97 35.88 ‡‡‡‡‡ ‡‡‡‡‡
Shares
‡‡‡‡‡ ‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 13.84 15.16 25.80 61.09 ‡‡‡‡ ‡‡‡‡
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.33 0.34 0.61 0.58 ‡‡‡ ‡‡‡
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.92 0.90 1.48 1.40 ‡‡‡ ‡‡‡
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.37 0.36 0.59 0.53 ‡‡‡‡ ‡‡‡‡
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (4.74) 10.47 9.89 16.50
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (177.47) 174.29 189.23 123.96 ‡‡‡ ‡‡‡
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (46.45) (77.09) (31.25) (37.75) ‡‡‡‡‡
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (223.92) 97.20 157.98 86.21
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 903.01 922.20 857.33 812.56
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 324.95 330.96 257.19 210.58
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 117.52 47.74 (70.83) (111.82)
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1,026.42 1,079.09 1,104.57 1,099.80
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.30% 3.06% 2.77% 1.18%
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 4.92% 6.08% 6.62% 4.81%
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6.82% 6.55% 5.60% 2.25%
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Benchmark Electronics (BHE), a resilient player in electronics manufacturing services for aerospace, medical, and semiconductors, has weathered supply chain chaos, COVID shutdowns, and inventory gluts—seeing revenue rebound 28% to $2.89 billion in 2022 before a 6% dip to $2.66 billion in 2024. Despite softer top-line growth, the stock has soared from $29 highs in 2023 to over $52 in 2024 and $50 in 2025, signaling investor bets on margin expansion (now at a solid 10.2%) and future tailwinds like AI data centers, EV supply chains, and U.S. reshoring via the CHIPS Act.

Financials shine with stabilizing earnings, EPS projected to climb 21% to $2.25 by 2027, robust free cash flow up 62% to $158 million in 2024, and a fortress balance sheet featuring negative net debt (-$71 million) after aggressive paydowns. ROIC hits 6.6%, the best since 2017, supporting disciplined capex and operational leverage—positioning BHE for revenue acceleration to nearly $3 billion by 2027.

Yet, heavy insider selling by the CEO and execs (millions in shares, no buys) raises caution amid cyclical risks. Valuation looks compelling at 0.53x forward EV/Sales and ~10x EV/FCF, with analysts forecasting 5-10% upside—making BHE a forward-looking bet for retail portfolios if growth narratives deliver.

Benchmark Electronics, Inc. (BHE) Latest News

News by impact score

Fine-tune

28 Aug

3 , 12:21 PM

Benchmark Electronics (BHE) stock appears 14 percent below fair value. Share buybacks continue to support growth prospects. Valuation signals and buyback programs may moderately influence stock performance and investor sentiment.

7 Aug

3 transcript www.fool.com, 9:28 PM

Benchmark Electronics held its Q2 2026 earnings call, covering financial results, operational updates, and forward guidance for the company. Q2 2026 earnings discussion supplies performance metrics that may shift short-term market views without major strategic overhaul.

30 Jul

4 app.moby.co, 8:30 AM

Benchmark Electronics, Inc. held its Q2 2026 earnings call covering financial results and business outlook. Q2 earnings call provides financial results and guidance that can shift company trajectory and investor sentiment.

3 transcript , 1:02 AM

Benchmark Electronics Inc (BHE) reported Q2 2026 revenue and EPS that exceeded expectations. Q2 2026 earnings beat raises near-term financial performance and investor sentiment for Benchmark Electronics.

29 Jul

4 www.marketbeat.com, 10:03 PM

Benchmark Electronics Q2 earnings call highlighted financial results, operational updates and forward guidance for the company. Q2 earnings results and guidance directly shape near-term investor views and valuation of BHE.

4 , 4:46 PM

Benchmark Electronics reported strong Q2 CY2026 results, driving a surge in its stock price. Strong quarterly earnings typically trigger major stock gains and shift investor outlook on future growth.

3 , 4:07 PM

Benchmark Electronics reported strong second quarter results. Strong quarterly results signal improved financial performance with potential to lift short-term market sentiment.

28 Jul

3 , 12:53 AM

Benchmark Electronics (BHE) prepares Q2 earnings release with focus on revenue, EPS, and forward guidance for investors. Q2 earnings preview may shape short-term sentiment and expectations for Benchmark Electronics without altering long-term trajectory.

16 Jul

3 , 8:01 PM

Benchmark Electronics reported Q1 earnings; analysis weighs whether investors should buy, sell or hold BHE stock. Q1 earnings and buy/sell/hold advice can shift near-term sentiment and trading but rarely reset long-term trajectory.

13 Jul

3 , 7:15 PM

Benchmark Electronics (BHE) posted a Q1 earnings beat that returns focus to fair value. Q1 beat offers moderate positive signal for near-term sentiment but no major strategic change.

3 , 4:09 PM

Benchmark Electronics issued stronger-than-expected Q2 guidance, potentially shifting its investment narrative. Stronger Q2 guidance can moderately lift investor sentiment and short-term stock performance for Benchmark Electronics.

17 Jun

3 , 9:00 AM

HPE names Benchmark Electronics its Manufacturing Partner of the Year. HPE recognition boosts Benchmark's reputation and strengthens ties with a major client.

16 Jun

3 , 10:24 AM

Benchmark Electronics signs manufacturing deal with OUST for REV8 product as questions arise over its significance to the company's outlook. Manufacturing partnership for REV8 may support revenue but lacks clear evidence of major long-term trajectory change.

15 Jun

4 , 5:13 PM

Benchmark Electronics expands Lidar operations amid rich valuation and strong momentum. Lidar expansion marks a major strategic move that can substantially shift company trajectory and investor sentiment.

4 , 6:00 AM

Ouster and Benchmark Electronics expand partnership to scale volume production of REV8 Digital Lidar Sensors. Expanded manufacturing partnership targets higher-volume output of new lidar sensors, supporting revenue growth in Benchmark's core electronics operations.

3 stocktwits.com, 7:50 AM

Ouster COO names Benchmark Electronics the natural fit to scale new color lidar sensors, spurring premarket surge in OUST stock. Positive endorsement positions Benchmark for potential lidar manufacturing work but lacks confirmed contract or revenue details.

8 May

4 247wallst.com, 11:27 AM

Warren Buffett endorses Benchmark Electronics' Greg, declaring he'd rather have him manage his money than any top U.S. investment advisors or CEOs. Buffett's rare personal endorsement of BHE's key figure signals strong leadership validation, poised to elevate investor sentiment and stock trajectory significantly.

3 Simply Wall St., 6:08 AM

Benchmark Electronics reported lackluster earnings, but investors should look beyond them due to the company's underlying strengths and future potential. Lackluster earnings may noticeably impact short-term financial performance and sentiment but are offset by positive long-term outlook.

2 May

4 Simply Wall St., 8:10 AM

Benchmark Electronics (BHE) stock surged 21.5% after the company raised its 2026 revenue outlook, driven by strong demand in AI and semiconductor capital equipment. Raised 2026 revenue outlook on booming AI and semi-cap demand triggered 21.5% stock jump, indicating major positive shift in growth trajectory.

1 May

4 StockStory, 11:40 PM

Benchmark Electronics (BHE) Q1 results show sector gains and accelerating AI demand ramp shaping optimistic forward guidance. Q1 sector gains and AI ramp-up drive positive guidance, significantly boosting BHE's growth trajectory and market sentiment.

30 Apr

4 app.moby.co, 8:30 AM

Benchmark Electronics, Inc. shared Q1 2026 earnings call highlights, reporting revenue growth, improved margins, strategic wins in aerospace and medical sectors, and raised full-year guidance amid strong demand. Earnings results with raised guidance signal significant positive shift in financial trajectory and investor confidence.

4 GuruFocus.com, 3:17 AM

Benchmark Electronics Inc (BHE) reported strong revenue growth in Q1 2026 earnings call highlights. Strong Q1 2026 revenue growth indicates significant positive impact on BHE's financial performance and investor sentiment.

29 Apr

4 www.marketbeat.com, 11:40 PM

Benchmark Electronics released Q1 earnings call highlights, detailing financial performance, revenue growth, profitability metrics, and forward guidance amid market challenges. Q1 earnings highlights include financial results and guidance that significantly shape investor expectations and stock trajectory.

4 , 5:39 PM

Benchmark Electronics (NYSE:BHE) Q1 CY2026 earnings showed revenue in line with expectations, driving a 13.9% stock price jump. Revenue meeting expectations triggered a 13.9% stock surge, signaling significant short-term boost to investor sentiment and market performance.

4 Business Wire, 4:07 PM

Benchmark Electronics, Inc. (BHE) reported first quarter 2026 results and raised its full-year outlook. Raising full-year outlook after Q1 results signals significant positive shift in financial performance and investor sentiment.

28 Apr

3 StockStory, 1:16 AM

Benchmark Electronics (BHE) reports earnings tomorrow, with previews highlighting analyst expectations for revenue, EPS, guidance, and key metrics amid market anticipation. Pre-earnings previews can moderately influence market sentiment and stock volatility ahead of results that affect financial trajectory.

27 Apr

4 Barrons.com, 2:30 AM

U.S.-China tech rivalry intensifies with new restrictions and tariffs looming ahead of Trump-Xi summit, threatening Benchmark Electronics' supply chains, Asian manufacturing operations, and electronics sector competitiveness. Escalating U.S.-China tech tensions risk major disruptions to BHE's global supply chain and cost structure.

21 Apr

3 Simply Wall St., 11:10 PM

Benchmark Electronics (BHE) narrative shifts with tighter valuation targets, signaling changing investor perceptions and potential recalibration of stock outlook. Tighter valuation targets indicate moderately noticeable shifts in investor sentiment and market positioning for BHE.

1 Apr

4 Simply Wall St., 1:13 PM

Benchmark Electronics (BHE) valuation scrutinized after KeyMe announces smart kiosk rollout, highlighting potential growth from manufacturing partnership. KeyMe smart kiosk rollout marks a significant product launch partnership poised to boost BHE's revenue and competitive edge.

31 Mar

4 PR Newswire, 8:00 AM

KeyMe Locksmiths deploys its 8,000th AI-powered kiosk, scaling U.S. manufacturing operations through ongoing partnership with Benchmark Electronics, which produces the kiosks to meet surging demand. Milestone deployment of 8,000 kiosks underscores Benchmark's critical manufacturing role in KeyMe's expansion, likely driving significant revenue growth and enhancing competitive positioning.