Friday 6 November 2026
Export JBL’s income statement to Excel — free account
Jabil, Inc.
JBL Technology Electronic Components
Jabil, Inc.’s revenue for fiscal 2026 (year ended August 2026) was $36.0 billion, up 20.6% from fiscal 2025.
- Revenue
- +28.7%
- EPS
- +87.2%
- Free cash flow
- +7.13%
- Total debt
- +20.7%
Quarter to August 2026, against a year earlier
238.98
2.62
+1.11%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to August
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | 19,063 | 22,095 | 25,282 | 27,266 | 29,285 | 33,478 | 34,702 | 28,883 | 29,802 | 35,954 | +7.3% | 44,784 | 52,073 | 57,413 | +16.9% | |
| Gross margin, % | 8.11 | 7.72 | 7.57 | 7.08 | 8.06 | 7.86 | 8.26 | 9.26 | 8.88 | 9.23 | +1.1 pt | ||||||
| EBT | 256 | 373 | 451 | 261 | 944 | 1,231 | 1,262 | 1,751 | 892 | 1,408 | +20.8% | ||||||
| EBT margin, % | 1.34 | 1.69 | 1.78 | 0.96 | 3.22 | 3.68 | 3.64 | 6.06 | 2.99 | 3.92 | +2.6 pt | ||||||
| Net income | 127 | 88 | 289 | 57 | 698 | 996 | 818 | 1,388 | 657 | 1,040 | +26.3% | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | 104.80 | 128.29 | 162.48 | 179.85 | 197.21 | 237.10 | 260.92 | 235.97 | 272.16 | 339.83 | +14.0% | |||||
| Earnings | 0.71 | 0.50 | 1.85 | 0.36 | 4.69 | 7.06 | 6.15 | 11.34 | 6.00 | 9.86 | +34.0% | ||||||
| Cash flow | (8.05) | (6.42) | 7.67 | 8.29 | 9.65 | 11.69 | 13.04 | 14.02 | 14.98 | 18.92 | n/m | ||||||
| Capex | (2.98) | (3.98) | (5.06) | (5.25) | (5.34) | (5.96) | (5.32) | (5.40) | (2.94) | (4.44) | +4.5% | ||||||
| Free cash flow | (11.03) | (10.40) | 2.61 | 3.04 | 4.31 | 5.74 | 7.71 | 8.62 | 12.04 | 14.48 | n/m | ||||||
| Book value | 13.02 | 11.40 | 12.22 | 12.04 | 14.39 | 17.37 | 21.56 | 14.19 | 13.85 | 15.28 | +1.8% | ||||||
| Shares, m | 182 | 172 | 156 | 152 | 149 | 141 | 133 | 122 | 110 | 106 | (5.8%) | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | 44.15 | 61.58 | 15.70 | 97.57 | 13.20 | 8.52 | 18.64 | 9.25 | 33.46 | 30.90 | 33.3 | |||||
| P/S | 0.30 | 0.23 | 0.18 | 0.19 | 0.31 | 0.25 | 0.44 | 0.44 | 0.74 | 0.90 | 0.4 | ||||||
| P/B | 2.41 | 2.59 | 2.35 | 2.84 | 4.29 | 3.47 | 5.31 | 7.29 | 14.59 | 19.97 | 6.5 | ||||||
| EV/Sales | 0.32 | 0.29 | 0.23 | 0.25 | 0.37 | 0.30 | 0.48 | 0.47 | 0.77 | 0.94 | 0.4 | ||||||
| EV/FCF | (3.05) | (3.53) | 14.30 | 14.83 | 16.97 | 12.33 | 16.24 | 13.00 | 17.42 | 22.07 | 12.1 | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | (1,464) | (1,105) | 1,193 | 1,257 | 1,433 | 1,651 | 1,734 | 1,716 | 1,640 | 2,002 | n/m | |||||
| Capex | (541) | (686) | (787) | (796) | (793) | (841) | (708) | (661) | (322) | (470) | (1.6%) | ||||||
| Free cash flow | (2,006) | (1,792) | 406 | 461 | 640 | 810 | 1,026 | 1,055 | 1,318 | 1,532 | n/m | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | (244) | 319 | (187) | 76 | 194 | 211 | 2,035 | 1,009 | 6 | (153) | (5.0%) | |||||
| Net debt | 416 | 1,236 | 958 | 1,284 | 1,311 | 1,097 | 1,071 | 679 | 453 | 1,141 | +11.9% | ||||||
| Shareholders’ equity | 2,368 | 1,963 | 1,901 | 1,825 | 2,137 | 2,452 | 2,867 | 1,737 | 1,517 | 1,617 | (4.2%) | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | 1.21 | 0.75 | 2.29 | 0.39 | 4.48 | 5.48 | 4.18 | 7.55 | 3.66 | 4.53 | +3.3 pt | |||||
| ROIC | 9.21 | 10.59 | 15.33 | 10.05 | 19.12 | 24.53 | 24.39 | 52.07 | 37.50 | 38.61 | +29.4 pt | ||||||
| ROE | 5.35 | 3.99 | 14.85 | 2.90 | 35.13 | 43.41 | 30.76 | 60.30 | 40.38 | 66.50 | +61.2 pt | ||||||
| People | |||||||||||||||||
| People | Employees | 170,000 | 199,000 | 200,000 | 240,000 | 238,000 | 250,000 | 236,000 | 138,000 | 135,000 | 140,000 | (2.1%) | |||||
| Revenue/emp, $m | 0.11 | 0.11 | 0.13 | 0.11 | 0.12 | 0.13 | 0.15 | 0.21 | 0.22 | 0.26 | +9.6% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Aug 2026 · latest quarter Aug 2026 · fundamentals updated 2 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2026
| Intelligent Infrastructure | 17,872 | 49.71% |
|---|---|---|
| Regulated Industries | 12,694 | 35.31% |
| Connected Living and Digital Commerce | 5,388 | 14.99% |
| Gross margin | 9.23% | |
| Operating margin | 4.74% | |
| Pre-tax margin | 3.92% |
Jabil, 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 |
|---|---|---|---|---|---|---|---|---|---|
| TEL TE Connectivity Ltd. | $59.3B | 18.6× | 19.1× | +11.86% (above 0%: growing) | +38.41% (above 0%: growing) | +7.54% (above 0%: growing) | 35.52% | 20.58% | Compare |
| FLEX Flex Ltd. | $24.7B | 24.3× | 23.9× | +24.79% (above 0%: growing) | +34.62% (above 0%: growing) | −14.43% (below 0%: shrinking) | 9.56% | 4.88% | Compare |
| JBL Jabil, Inc. | $24.3B | 24.3× | 18.0× | +28.65% (above 0%: growing) | +87.19% (above 0%: growing) | +7.13% (above 0%: growing) | 9.43% | 5.67% | |
| FN Fabrinet | $10.5B | 22.2× | 18.7× | +50.74% (above 0%: growing) | +7.68% (above 0%: growing) | −340.60% (below 0%: shrinking) | 11.79% | 9.90% | Compare |
| LFUS Littelfuse, Inc. | $8.9B | 259× | 23.3× | +22.75% (above 0%: growing) | +62.22% (above 0%: growing) | +57.67% (above 0%: growing) | 41.55% | 20.00% | Compare |
| SANM Sanmina Corporation | $7.0B | 23.0× | 23.5× | +69.67% (above 0%: growing) | +69.53% (above 0%: growing) | −85.58% (below 0%: shrinking) | 10.49% | 6.39% | Compare |
| RAL Ralliant Corporation | $7.0B | — (loss-making) | 31.4× | +17.20% (above 0%: growing) | +122.03% (above 0%: growing) | −19.51% (below 0%: shrinking) | 53.15% | 18.95% | Compare |
| TTMI TTM Technologies, Inc. | $6.6B | 24.7× | 23.2× | +59.93% (above 0%: growing) | +56.86% (above 0%: growing) | +75.69% (above 0%: growing) | 24.24% | 13.48% | Compare |
| VICR Vicor Corporation | $6.2B | 34.8× | 48.0× | +78.51% (above 0%: growing) | +117.46% (above 0%: growing) | −1.05% (below 0%: shrinking) | 68.33% | 36.60% | Compare |
| Median of peers | $7.9B | 24.3× | 23.4× | +37.77% | +59.54% | −7.74% | 29.88% | 16.22% |
From the latest earnings call
- Chief Financial Officer Greg Hebard said margins would be lighter in the first half before capacity utilization, mix and SG&A leverage improved in the back half.
- Hebard said net inventory days were 64, above the 55-to-60-day target range, citing commodity pricing and greater cloud data-center inventory weighting.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
97.24%
Held by the ten largest
51.33%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 13.28m | 12.68% | +289.94k |
| BlackRock | 10.13m | 9.67% | +452.72k |
| Texas Yale Capital Corp. | 6.29m | 6.00% | −790.00 |
| State Street | 4.93m | 4.70% | −7.02k |
| Wellington Management | 4.30m | 4.10% | −221.36k |
| UBS | 3.75m | 3.58% | +1.40m |
| PRIMECAP Management | 3.17m | 3.02% | −114.05k |
| Geode Capital Management | 2.99m | 2.85% | +90.63k |
| JPMorgan Chase | 2.72m | 2.60% | +930.12k |
| Fidelity (FMR) | 2.24m | 2.13% | −208.54k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Jabil, Inc. (JBL) Latest News
29 Oct
25 Oct
22 Oct
13 Oct
12 Oct
8 Oct
5 Oct
JBL metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Jabil is a provider of engineering, supply-chain and manufacturing services. It works for companies that outsource some or all of the work needed to turn a product concept into a finished product: design, planning, sourcing, fabrication, assembly, testing, delivery and post-production support.
Its manufacturing model combines automated production lines with engineering and design-for-manufacturability work. Customer-facing business units are generally dedicated to a single customer, with their own production equipment, workers, buyers, planners and engineers. Cross-functional teams support those units at individual sites.