Saturday 17 October 2026
Export BHE’s income statement to Excel — free account
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. In the quarter to June 2026, revenue grew 17.7%, EPS grew 1,733.3%, free cash flow grew 244.1% and total debt fell 12.7%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
70.62
2.60
−3.55%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 18.36 | 29.00 | 20.01 | 20.61 | 14.06 | 22.25 | 21.11 | 20.58 | 25.36 | 30.73 |
Analyst estimates 2026–2028 Powerpack |
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| High | 31.20 | 35.80 | 32.53 | 35.90 | 37.36 | 32.56 | 30.00 | 29.46 | 52.57 | 50.26 | |||||
| People | |||||||||||||||
| People | Employees | 9,900 | 10,600 | 10,500 | 10,600 | 11,234 | 10,900 | 11,873 | 12,703 | 11,700 | 11,840 | ||||
| Revenue/emp, $m | 0.23 | 0.23 | 0.24 | 0.21 | 0.18 | 0.21 | 0.24 | 0.22 | 0.23 | 0.22 | |||||
| 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 | ||||
| Gross margin, % | 9.24 | 9.20 | 8.02 | 8.18 | 8.53 | 9.13 | 8.84 | 9.55 | 10.17 | 10.16 | |||||
| EBT | 69 | 71 | 56 | 27 | 17 | 45 | 84 | 81 | 84 | 62 | |||||
| EBT margin, % | 2.99 | 2.89 | 2.16 | 1.20 | 0.84 | 2.01 | 2.92 | 2.86 | 3.16 | 2.31 | |||||
| Net income | 64 | (32) | 23 | 23 | 14 | 36 | 68 | 69 | 61 | 25 | |||||
| Depreciation | 55 | 49 | 52 | 48 | 49 | 44 | 44 | 45 | 46 | 48 | |||||
| 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 | ||||
| Earnings | 1.30 | (0.64) | 0.49 | 0.61 | 0.38 | 1.00 | 1.94 | 1.81 | 1.76 | 0.69 | |||||
| Cash flow | 5.54 | 2.94 | 1.66 | 2.43 | 3.30 | (0.07) | (5.04) | 4.90 | 5.26 | 3.46 | |||||
| Capex | (0.65) | (1.09) | (1.44) | (0.91) | (1.07) | (1.18) | (1.32) | (2.17) | (0.87) | (1.05) | |||||
| Free cash flow | 4.89 | 1.84 | 0.22 | 1.52 | 2.23 | (1.25) | (6.37) | 2.73 | 4.39 | 2.40 | |||||
| Book value | 27.70 | 26.96 | 24.44 | 26.47 | 27.09 | 27.31 | 29.18 | 30.34 | 30.71 | 30.65 | |||||
| Shares, m | 49 | 50 | 46 | 38 | 37 | 36 | 35 | 36 | 36 | 36 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 23.65 | 0.00 | 38.51 | 58.24 | 71.08 | 26.83 | 13.84 | 15.16 | 25.80 | 61.09 | ||||
| P/S | 0.65 | 0.59 | 0.38 | 0.58 | 0.48 | 0.43 | 0.33 | 0.34 | 0.61 | 0.58 | |||||
| P/B | 1.11 | 1.08 | 0.87 | 1.30 | 1.00 | 0.99 | 0.92 | 0.90 | 1.48 | 1.40 | |||||
| EV/Sales | 0.46 | 0.37 | 0.26 | 0.49 | 0.36 | 0.37 | 0.37 | 0.36 | 0.59 | 0.53 | |||||
| EV/FCF | 4.39 | 9.96 | 66.44 | 18.89 | 8.99 | (18.51) | (4.74) | 10.47 | 9.89 | 16.50 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 273 | 146 | 77 | 93 | 120 | (3) | (177) | 174 | 189 | 124 | ||||
| Capex | (32) | (54) | (66) | (35) | (39) | (42) | (46) | (77) | (31) | (38) | |||||
| Free cash flow | 241 | 92 | 10 | 58 | 81 | (45) | (224) | 97 | 158 | 86 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 1,119 | 1,152 | 866 | 736 | 721 | 694 | 903 | 922 | 857 | 813 | ||||
| Total debt | 224 | 212 | 154 | 148 | 140 | 130 | 325 | 331 | 257 | 211 | |||||
| Net debt | (458) | (531) | (304) | (216) | (256) | (141) | 118 | 48 | (71) | (112) | |||||
| Shareholders’ equity | 1,365 | 1,339 | 1,132 | 1,015 | 990 | 974 | 1,026 | 1,079 | 1,105 | 1,100 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 3.28 | (1.55) | 1.14 | 1.28 | 0.80 | 1.96 | 3.30 | 3.06 | 2.77 | 1.18 | ||||
| ROIC | 5.29 | 5.94 | 4.42 | 2.23 | 2.14 | 3.98 | 4.92 | 6.08 | 6.62 | 4.81 | |||||
| ROE | 4.76 | (2.36) | 1.85 | 2.18 | 1.40 | 3.64 | 6.82 | 6.55 | 5.60 | 2.25 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| OLED Universal Display Corporation | $3.6B | 18.8× | 20.1× | −11.43% (below 0%: shrinking) | −24.82% (below 0%: shrinking) | −45.68% (below 0%: shrinking) | 75.82% | 35.26% | Compare |
| OSIS OSI Systems, Inc. | $3.1B | 21.7× | 18.5× | −4.14% (below 0%: shrinking) | +7.92% (above 0%: growing) | +1,853.69% (above 0%: growing) | 34.70% | 15.26% | Compare |
| BELFA Bel Fuse Inc. | $3.1B | 42.9× | 32.7× | +25.18% (above 0%: growing) | −11.33% (below 0%: shrinking) | −27.35% (below 0%: shrinking) | 39.85% | 18.24% | Compare |
| BELFB Bel Fuse Inc. | $3.1B | 50.2× | 32.7× | +25.18% (above 0%: growing) | −11.68% (below 0%: shrinking) | −27.35% (below 0%: shrinking) | 39.85% | 18.24% | Compare |
| KN Knowles Corporation | $3.0B | 42.5× | 46.6× | +14.32% (above 0%: growing) | +155.56% (above 0%: growing) | −30.67% (below 0%: shrinking) | 44.72% | 14.81% | Compare |
| BHE Benchmark Electronics, Inc. | $2.6B | 47.7× | 41.3× | +17.69% (above 0%: growing) | +1,733.33% (above 0%: growing) | +244.06% (above 0%: growing) | 10.37% | 4.00% | |
| ROG Rogers Corporation | $2.5B | 76.4× | 42.6× | +6.90% (above 0%: growing) | n/m | +226.79% (above 0%: growing) | 32.47% | 9.23% | Compare |
| OUST Ouster, Inc. | $2.3B | — (loss-making) | — (loss-making) | +55.86% (above 0%: growing) | n/m | −600.91% (below 0%: shrinking) | 48.85% | (36.69%) | Compare |
| ALNT Allient Inc. | $1.7B | 54.2× | 47.2× | +10.17% (above 0%: growing) | +82.35% (above 0%: growing) | −59.55% (below 0%: shrinking) | 34.85% | 10.15% | Compare |
| Median of peers | $3.0B | 42.9× | 32.7× | +12.25% | −1.70% | −29.01% | 39.85% | 15.04% |
Benchmark Electronics, Inc. (BHE) key facts
- Benchmark Electronics, Inc. (BHE) is an Electronic Components company in the Technology sector, listed on the New York Stock Exchange.
- Benchmark Electronics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, roughly unchanged from fiscal 2024.
- As of October 16, 2026, BHE traded at $70.62, a market capitalization of $2.6 billion.
- Benchmark Electronics, Inc. pays an annual dividend of $0.68 per share, a yield of 0.96%, with a payout ratio of 46.3%.
- Return on equity was 2.25% and debt-to-equity 0.16.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 3.21 (safe zone) for fiscal 2025.
Benchmark Electronics, Inc. (BHE) Latest News
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