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. In the quarter to August 2026, revenue grew 28.7%, EPS grew 86.6%, free cash flow grew 7.13% and total debt rose 20.7%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.
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Jabil, Inc. (JBL) Beneish M-score
Jabil, Inc.'s Beneish M-score for fiscal 2026 is −2.18; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2026 | −2.18 | 0.32 |
| FY2025 | −2.50 | 0.11 |
| FY2024 | −2.60 | 0.27 |
| FY2023 | −2.87 | (0.47) |
| FY2022 | −2.41 | 0.28 |
| FY2021 | −2.68 | 0.06 |
| FY2020 | −2.74 | (0.44) |
| FY2019 | −2.30 | (0.46) |
| FY2018 | −1.84 | (0.06) |
| FY2017 | −1.78 | 1.02 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 1.34 | — | 1.23 | |
| Gross margin index | 0.96 | — | 0.51 | |
| Asset quality index | 1.00 | — | 0.40 | |
| Sales growth index | 1.21 | — | 1.08 | |
| Depreciation index | 1.04 | — | 0.12 | |
| SG&A index | 1.01 | — | −0.17 | |
| Total accruals to total assets | (0.04) | — | −0.16 | |
| Leverage index | 1.03 | — | −0.34 | |
| Beneish M-score | Elevated | −2.18 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| RAL Ralliant Corporation compare | −5.7× |
| LFUS Littelfuse, Inc. compare | −2.9× |
| SANM Sanmina Corporation compare | −2.9× |
| TEL TE Connectivity Ltd. compare | −2.8× |
| FLEX Flex Ltd. compare | −2.6× |
| TTMI TTM Technologies, Inc. compare | −2.4× |
| VICR Vicor Corporation compare | −2.2× |
| JBL Jabil, Inc. | −2.2× |
| FN Fabrinet compare | −0.5× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI
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