Powerpack

Unlock full stockrow access for only $9.90/month and boost yourself as an investor.

  • Full quarterly history

    Every quarter and TTM period we hold, not just the last 12.

  • Analyst estimates

    Three years of forward estimates and dividend forecasts.

  • Unlimited screener

    All results, unlimited saved screens, email when a screen changes.

  • Unlimited Excel

    Full workbooks and screener exports.

  • Unlimited follows

See Powerpack
Screener Weekly Summary Pricing

Jabil, Inc. JBL

Technology  —  Electronic Components
316.74 6.05 1.95% as of 25 Sep
Market cap
$32.9B
P/E
39.1×
S&P 500 Member Dividend Champion (10y) Insider Buys (last 12m)
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Jabil, Inc. (JBL) Business Profile

Updated before January 2025

Company Overview

Jabil, Inc. (NYSE: JBL) is a leading global manufacturing solutions provider headquartered in St. Petersburg, Florida, USA. The company was founded in 1966 by James Golden and William E. Morean, initially focusing on manufacturing printed circuit boards. Over the decades, Jabil has evolved into a diversified manufacturing and supply chain solutions provider, serving a wide range of industries. As of 2023, Jabil operates in over 30 countries with more than 100 facilities and employs approximately 250,000 people worldwide. The company is led by CEO Mark Mondello, who has been with Jabil since 1992 and became CEO in 2013. Under his leadership, Jabil has expanded its capabilities and strengthened its position as a global leader in manufacturing and supply chain solutions.

Core Business Segments

Jabil operates through two primary business segments: Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). These segments cater to a wide range of industries, offering innovative solutions and services.

1. Electronics Manufacturing Services (EMS)

The EMS segment focuses on high-volume manufacturing and supply chain management for industries such as telecommunications, computing, and consumer electronics. Key offerings include:

  • Printed Circuit Board Assembly (PCBA): Jabil specializes in the design and assembly of PCBs for various electronic devices.
  • System Assembly: The company provides end-to-end system assembly services for products like smartphones, laptops, and networking equipment.
  • Supply Chain Management: Jabil offers integrated supply chain solutions, including procurement, logistics, and inventory management.
  • Aftermarket Services: These include repair, refurbishment, and warranty services for electronic products.

2. Diversified Manufacturing Services (DMS)

The DMS segment focuses on specialized, low-volume, high-complexity manufacturing for industries such as healthcare, automotive, and industrial. Key offerings include:

  • Healthcare Solutions: Jabil provides design, manufacturing, and regulatory support for medical devices, diagnostics, and pharmaceutical delivery systems.
  • Automotive Solutions: The company manufactures components for electric vehicles (EVs), autonomous driving systems, and infotainment systems.
  • Industrial and Energy Solutions: Jabil supports industrial automation, renewable energy, and smart grid technologies.
  • Packaging Solutions: The company offers innovative and sustainable packaging solutions for consumer goods and healthcare products.

Business Model

Jabil’s business model is centered around providing end-to-end manufacturing and supply chain solutions. The company integrates design, engineering, manufacturing, and logistics to deliver value to its customers. Jabil generates revenue through:

  • Contract Manufacturing: Long-term agreements with clients to produce and assemble products.
  • Design and Engineering Services: Offering product design, prototyping, and testing services.
  • Supply Chain Management: Managing procurement, logistics, and inventory for clients.
  • Aftermarket Services: Providing repair, refurbishment, and warranty services.

Jabil’s diversified portfolio and global footprint enable it to serve a wide range of industries, reducing dependence on any single market or customer.

Strategic Direction

Jabil is focused on driving growth through innovation, sustainability, and diversification. Key strategic priorities include:

  • Expansion of Services: Jabil aims to grow its healthcare and automotive segments, leveraging its expertise in advanced manufacturing and regulatory compliance.
  • Sustainability Goals: The company is committed to reducing its environmental impact by adopting renewable energy, minimizing waste, and promoting sustainable packaging solutions.
  • Digital Transformation: Jabil is investing in Industry 4.0 technologies, such as IoT, AI, and robotics, to enhance manufacturing efficiency and product quality.
  • New Product Categories: The company is exploring opportunities in emerging markets, such as electric vehicles, renewable energy, and smart devices.

Competitive Landscape

Jabil operates in a highly competitive industry, facing competition from both global and regional players. Key competitors include:

  • Flex Ltd.: A global leader in manufacturing and supply chain solutions, offering similar services to Jabil.
  • Foxconn (Hon Hai Precision Industry): The world’s largest electronics manufacturer, known for its high-volume production capabilities.
  • Sanmina Corporation: A competitor specializing in complex manufacturing and supply chain solutions.
  • Celestica Inc.: A provider of design, manufacturing, and supply chain services.
  • Benchmark Electronics: Focused on high-complexity, low-volume manufacturing for specialized industries.

Jabil differentiates itself through its diversified portfolio, global footprint, and focus on innovation and sustainability.

Risk Factors

Jabil faces several risks that could impact its business operations and financial performance:

  • Market Dependence: The company relies on a few key customers for a significant portion of its revenue, making it vulnerable to changes in demand or pricing.
  • Supply Chain Disruptions: Global supply chain challenges, such as component shortages and transportation delays, can affect Jabil’s ability to meet customer demands.
  • Economic Uncertainty: Macroeconomic factors, such as inflation, currency fluctuations, and geopolitical tensions, can impact Jabil’s operations and profitability.
  • Technological Changes: Rapid advancements in technology require continuous investment in innovation and R&D to stay competitive.
  • Regulatory Compliance: Jabil operates in highly regulated industries, such as healthcare and automotive, which require strict adherence to quality and safety standards.

Recent Developments

Jabil has made significant strides in recent years to strengthen its market position and drive growth:

  • Healthcare Expansion: The company has invested in new facilities and capabilities to support the growing demand for medical devices and diagnostics.
  • Sustainability Initiatives: Jabil has launched several programs to reduce its carbon footprint, including the adoption of renewable energy and sustainable packaging solutions.
  • Digital Transformation: The company has implemented advanced manufacturing technologies, such as IoT and AI, to improve efficiency and product quality.
  • Strategic Divestitures: In 2023, Jabil announced the sale of its Mobility business to focus on higher-margin segments, such as healthcare and automotive.

Investment Considerations

Strengths:

  • Diversified Portfolio: Jabil serves a wide range of industries, reducing dependence on any single market.
  • Global Footprint: The company operates in over 30 countries, providing access to diverse markets and customers.
  • Innovation: Jabil invests heavily in R&D and advanced manufacturing technologies.
  • Sustainability: The company is committed to reducing its environmental impact and promoting sustainable practices.

Risks:

  • Customer Concentration: A significant portion of revenue comes from a few key customers.
  • Supply Chain Challenges: Global disruptions can impact operations and profitability.
  • Economic Uncertainty: Macroeconomic factors can affect demand and pricing.

Conclusion

Jabil, Inc. is a global leader in manufacturing and supply chain solutions, serving a diverse range of industries. The company’s focus on innovation, sustainability, and diversification positions it well for future growth. While it faces risks such as supply chain disruptions and customer concentration, Jabil’s strengths in advanced manufacturing, global reach, and commitment to sustainability make it a compelling choice for investors and customers alike. With strategic investments in healthcare, automotive, and digital transformation, Jabil is poised to capitalize on emerging opportunities and drive long-term value creation.