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Benchmark Electronics, Inc.

BHE Technology Electronic Components

Benchmark Electronics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, roughly unchanged from fiscal 2024.

Revenue
+19.1%
EPS
+19.5%
Free cash flow
−42.4%
Total debt
−27.1%

Quarter to September 2026, against a year earlier

60.06 0.72 +1.21%
Market cap
$2.1B
P/E
38.3×
Fwd P/E
34.3×
Dividend yield
1.14%
F-score
6/9
Altman Z
3.21
Beneish M
−2.75
Dividend safety
57/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 12.51
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 4 1 3 — — 4 1 — 1 — — —
Insider Ownership 3.40%

Capital & Financial Ratios $m

Size
Market Cap 2,120.00
Revenue ttm 2,948.49
Net income ttm 56.03
Free cash flow ttm 113.83
Net debt Q (132.82)
Valuation
P/E 38.32 (above 35: high)
Forward P/E 34.30
Price / sales 0.73
Forward P/S Powerpack
Price / FCF 18.82
Price / book 1.90
Financial health
Current ratio Q 1.87 (at or above 1.5: strong)
Debt / equity Q 0.14 (at or below 0.5: strong)
Interest coverage Q 8.94
Growth
Revenue growth Q +19.13% (above 0%: growing)
Operating income growth Q +29.75% (above 0%: growing)
EPS, this year +27.08% (at or above 15%: strong)
EPS, next year A +13.52%
Revenue, next year A +15.79% (at or above 10%: strong)
EPS, past 5 yrs +12.34%
EPS, next 5 yrs A +16.89% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, against a ten-year median of 0.4×; over the ten years it ranged from 0.3× in 2019 to 1.2× in 2026.
P/E against its own 10 years 71.57%
10-year low 10-year high
P/S against its own 10 years 92.63%
10-year low 10-year high
P/B against its own 10 years 94.13%
10-year low 10-year high
EV/Sales against its own 10 years 93.07%
10-year low 10-year high
EV/FCF against its own 10 years 70.95%
10-year low 10-year high

Dividends

Yield
1.14%
Annual rate
0.68
Payout ratio
43.8%
Growth, 2018–26
−2.01%/yr
  1. 0.60 ’18
  2. 0.60 ’19 +0
  3. 0.64 ’20 +7
  4. 0.66 ’21 +2
  5. 0.66 ’22 +1
  6. 0.66 ’23 +0
  7. 0.67 ’24 +2
  8. 0.68 ’25 +1
  9. 0.51 ’26 −25
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 283 328 322 291
Receivables 449 412 391 435
Inventory 684 554 483 634
Other 175 168 183 222
1,636 1,506 1,448 1,699
2023 2024 2025 Q'26
Payables 367 354 403 664
ST’ Debt 4 7 4 4
Other 205 144 116 124
714 649 636 910

Compound Annual Growth %

10y 5y 3y
Sales 0.46% 5.31% (2.70%)
Cash Flow (1.72%) 0.58% 0.00%
Earnings (12.59%) 12.07% (28.58%)
Book Value (1.82%) 2.13% 2.33%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.79 Actual 0.84

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY16 0.33 0.31 Miss by 0.02
Q2 FY16 0.36 0.36 Met by 0.00
Q3 FY16 0.41 0.45 Beat by 0.04
Q3 FY26 0.79 0.84 Beat by 0.05
Q4 FY26 0.83 — Reports 2 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.36 0.55 0.47 — —
’25 0.10 0.03 0.39 0.17 0.68
’24 0.38 0.43 0.42 0.43 1.72
’23 0.35 0.39 0.57 0.60 1.92
’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
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 677 756 811 — —
’25 632 642 681 704 2,659
’24 676 666 658 657 2,656
’23 695 733 720 691 2,839
’22 636 728 772 751 2,886
’21 506 545 572 633 2,255
’20 515 491 526 521 2,053
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 47 35 30 — —
’25 32 (3) 37 59 124
’24 48 56 39 46 189
’23 (25) 25 38 137 174
’22 (68) (25) (31) (53) (177)
’21 37 4 (42) (1) (3)
’20 (3) 23 6 95 120
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 29 22 14 — —
’25 27 (15) 25 49 86
’24 43 47 31 37 158
’23 (64) 17 18 126 97
’22 (86) (32) (40) (66) (224)
’21 30 (8) (55) (11) (45)
’20 (16) 13 0 84 81
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,322 2,454 2,566 2,268 2,053 2,255 2,886 2,839 2,656 2,659 2,948 +1.5% 3,079 3,316 3,490 +9.5%
Gross margin, % 9.24 9.20 8.02 8.18 8.53 9.13 8.84 9.55 10.17 10.16 10.39 +0.9 pt
EBT 69 71 56 27 17 45 84 81 84 62 90 (1.3%)
EBT margin, % 2.99 2.89 2.16 1.20 0.84 2.01 2.92 2.86 3.16 2.31 3.05 (0.7) pt
Net income 64 (32) 23 23 14 36 68 69 61 25 56 (10.0%)
Per share, $
Per share, $ Revenue 47.11 49.41 55.39 59.16 56.21 63.25 82.05 79.82 73.84 74.11 82.18 +5.2%
Earnings 1.30 (0.64) 0.49 0.61 0.38 1.00 1.94 1.81 1.76 0.69 1.56 (6.8%)
Cash flow 5.54 2.94 1.66 2.43 3.30 (0.07) (5.04) 4.90 5.26 3.46 4.75 (5.1%)
Capex (0.65) (1.09) (1.44) (0.91) (1.07) (1.18) (1.32) (2.17) (0.87) (1.05) (1.57) +5.5%
Free cash flow 4.89 1.84 0.22 1.52 2.23 (1.25) (6.37) 2.73 4.39 2.40 3.17 (7.6%)
Book value 27.70 26.96 24.44 26.47 27.09 27.31 29.18 30.34 30.71 30.65 31.45 +1.1%
Shares, m 49 50 46 38 37 36 35 36 36 36 36 (3.5%)
Valuation, ×
Valuation, × P/E 23.65 0.00 38.51 58.24 71.08 26.83 13.84 14.13 26.71 61.09 38.32 33.4
P/S 0.65 0.59 0.38 0.58 0.48 0.43 0.33 0.34 0.61 0.58 0.73 0.5
P/B 1.11 1.08 0.87 1.30 1.00 0.99 0.92 0.90 1.48 1.40 1.90 1.1
EV/Sales 0.46 0.37 0.26 0.49 0.36 0.37 0.37 0.36 0.59 0.53 0.68 0.4
EV/FCF 4.39 9.96 66.44 18.89 8.99 (18.51) (4.74) 10.47 9.89 16.50 17.65 12.2
Cash, $m
Cash, $m Operating cash flow 273 146 77 93 120 (3) (177) 174 189 124 170 (8.4%)
Capex (32) (54) (66) (35) (39) (42) (46) (77) (31) (38) (56) +1.9%
Free cash flow 241 92 10 58 81 (45) (224) 97 158 86 114 (10.8%)
Balance, $m
Balance, $m Working capital 1,119 1,152 866 736 721 694 903 922 857 813 789 (3.5%)
Net debt (458) (531) (304) (216) (256) (141) 118 48 (71) (112) (133) (14.5%)
Shareholders’ equity 1,365 1,339 1,132 1,015 990 974 1,026 1,079 1,105 1,100 1,128 (2.4%)
Returns, %
Returns, % ROA 3.28 (1.55) 1.14 1.28 0.80 1.96 3.30 3.06 2.77 1.18 2.56 (2.1) pt
ROIC 5.29 5.94 4.42 2.23 2.14 3.98 4.92 6.08 6.62 4.81 6.46 (0.5) pt
ROE 4.76 (2.36) 1.85 2.18 1.40 3.64 6.82 6.55 5.60 2.25 5.01 (2.5) pt
People
People Employees 9,900 10,600 10,500 10,600 11,234 10,900 11,873 12,703 11,700 11,840 — +2.0%
Revenue/emp, $m 0.23 0.23 0.24 0.21 0.18 0.21 0.24 0.22 0.23 0.22 — (0.5%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Benchmark Electronics, Inc. vs peers in Electronic Components (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
OSIS OSI Systems, Inc. $3.0B 20.5× 18.7× +4.90% (above 0%: growing) +30.97% (above 0%: growing) +274.38% (above 0%: growing) 30.68% 8.32% Compare
BELFB Bel Fuse Inc. $2.8B 46.4× 30.7× +23.20% (above 0%: growing) +3.95% (above 0%: growing) +25.93% (above 0%: growing) 40.94% 17.94% Compare
BELFA Bel Fuse Inc. $2.7B 31.4× 30.7× +23.20% (above 0%: growing) +58.39% (above 0%: growing) +25.93% (above 0%: growing) 40.94% 17.94% Compare
KN Knowles Corporation $2.6B 36.3× 36.8× +20.34% (above 0%: growing) +25.00% (above 0%: growing) +74.30% (above 0%: growing) 44.18% 16.68% Compare
OUST Ouster, Inc. $2.2B — (loss-making) — (loss-making) +50.09% (above 0%: growing) n/m −74.41% (below 0%: shrinking) 42.58% (32.47%) Compare
BHE Benchmark Electronics, Inc. $2.1B 38.3× 34.3× +19.13% (above 0%: growing) +19.47% (above 0%: growing) −42.40% (below 0%: shrinking) 10.41% 3.79%
ROG Rogers Corporation $2.1B 45.6× 42.6× +9.31% (above 0%: growing) +164.58% (above 0%: growing) +66.98% (above 0%: growing) 34.18% 12.75% Compare
CTS CTS Corporation $1.6B 22.2× 24.1× +4.63% (above 0%: growing) +32.34% (above 0%: growing) +69.79% (above 0%: growing) 42.22% 17.07% Compare
ALNT Allient Inc. $1.3B 34.4× 41.9× +18.49% (above 0%: growing) +133.33% (above 0%: growing) −158.02% (below 0%: shrinking) 36.61% 13.56% Compare
Median of peers $2.4B 34.4× 30.7× +19.42% +32.34% +46.45% 40.94% 15.12%

All 44 Electronic Components stocks →

Pay and ownership Proxy statement filed 17 April 2026

Ownership

Directors and executive officers, together 1.10%
BlackRock Inc. 15.50%
Franklin Mutual Advisers, LLC 7.40%
Dimensional Fund Advisors LP 7.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Benchmark Electronics, Inc. (BHE) Latest News

6 Nov

Impact 3 · · Simply Wall St.

2 Nov

Impact 3 · · StockStory

31 Oct

Impact 3 · · StockStory

29 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Moby transcript
Impact 4 · · MarketBeat transcript
Impact 4 · · The Motley Fool transcript
Impact 3 · · Business Wire
Impact 3 · · Simply Wall St.

28 Oct

Impact 4 · · StockStory
Impact 4 · · Business Wire
Impact 3 · · Associated Press

27 Oct

Impact 3 · · StockStory

27 Sep

Impact 4 · · MarketBeat

28 Aug

Impact 3 ·

7 Aug

Impact 3 · · The Motley Fool transcript

30 Jul

Impact 4 · · Moby
Impact 3 · transcript

29 Jul

Impact 4 · · MarketBeat
Impact 4 ·
Impact 3 ·

28 Jul

Impact 3 ·

16 Jul

Impact 3 ·

13 Jul

Impact 3 ·
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17 Jun

Impact 3 ·

16 Jun

Impact 3 ·

15 Jun

Impact 4 ·
Impact 4 ·
Impact 3 · · Stocktwits

BHE metrics, ten years each

stockrow.com/BHE · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com