NASDAQ : SANM
Sanmina Corporation — Financial statements
Technology · Electronic Components · United States
Last price 165.57 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.87B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Sanmina Corporation (SANM) reported revenue of 12.76B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 12.76B | 8.13B | 7.57B | 8.94B | 7.92B | 6.74B |
| Cost of Revenue | 11.61B | 7.41B | 6.93B | 8.19B | 7.30B | 6.21B |
| Gross Profit | 1.15B | 716.36M | 640.43M | 743.21M | 622.21M | 526.44M |
| Selling, General & Admin | 411.29M | 290.22M | 266.19M | 255.07M | 246.57M | 234.54M |
| Research & Development | 33.59M | 31.09M | 28.51M | 26.43M | 21.34M | 20.91M |
| Operating Expenses | 449.75M | 321.31M | 294.71M | 281.50M | 267.91M | 255.45M |
| Operating Income | 700.86M | 395.05M | 345.72M | 461.71M | 354.29M | 270.99M |
| Interest Expense | -94.51M | -20.15M | -29.18M | -36.29M | -22.47M | -19.55M |
| Interest & Investment Income | 30.83M | 15.86M | 12.44M | 13.60M | 1.63M | 925.00K |
| Other Non Operating Income (Expenses) | -8.80M | -10.84M | -1.22M | -20.16M | -24.31M | 5.07M |
| EBT Excluding Unusual Items | 628.37M | 379.91M | 327.76M | 418.86M | 309.13M | 257.44M |
| Merger & Restructuring Charges | -170.56M | -40.48M | -10.23M | -6.05M | -6.82M | -15.06M |
| Gain (Loss) on Sale of Assets | 23.26M | |||||
| Legal Settlements | 16.00M | |||||
| Pretax Income | 457.81M | 339.43M | 317.54M | 412.81M | 302.32M | 281.64M |
| Income Tax Expense | 130.96M | 73.17M | 79.78M | 85.29M | 61.94M | 32.09M |
| Earnings From Continuing Operations | 326.85M | 266.26M | 237.75M | 327.51M | 240.38M | 249.55M |
| Minority Interest in Earnings | -18.72M | -20.37M | -15.21M | -17.54M | ||
| Net Income | 308.13M | 245.89M | 222.54M | 309.97M | 240.38M | 249.55M |
| Net Income to Common | 308.13M | 245.89M | 222.54M | 309.97M | 240.38M | 249.55M |
| Shares Outstanding (Basic) | 53.98M | 53.95M | 55.59M | 57.85M | 61.31M | 65.32M |
| Shares Outstanding (Diluted) | 55.15M | 55.18M | 56.97M | 59.81M | 63.12M | 67.08M |
| EPS (Basic) | 5.71 | 4.56 | 4.00 | 5.36 | 3.92 | 3.82 |
| EPS (Diluted) | 5.59 | 4.46 | 3.91 | 5.18 | 3.81 | 3.72 |
| Free Cash Flow | 594.15M | 473.30M | 228.99M | 43.80M | 192.22M | 265.05M |
| Free Cash Flow Per Share | 10.77 | 8.58 | 4.02 | 0.73 | 3.04 | 3.95 |
| Gross Margin | 9.01% | 8.81% | 8.46% | 8.32% | 7.86% | 7.81% |
| Operating Margin | 5.49% | 4.86% | 4.57% | 5.17% | 4.47% | 4.02% |
| Profit Margin | 2.41% | 3.02% | 2.94% | 3.47% | 3.03% | 3.70% |
| Free Cash Flow Margin | 4.66% | 5.82% | 3.03% | 0.49% | 2.43% | 3.93% |
| EBITDA | 865.33M | 514.51M | 468.14M | 579.95M | 463.08M | 380.65M |
| EBITDA Margin | 6.78% | 6.33% | 6.19% | 6.49% | 5.85% | 5.65% |
| D&A For EBITDA | 164.47M | 119.47M | 122.42M | 118.24M | 108.78M | 109.66M |
| EBIT | 700.86M | 395.05M | 345.72M | 461.71M | 354.29M | 270.99M |
| EBIT Margin | 5.49% | 4.86% | 4.57% | 5.17% | 4.47% | 4.02% |
| Effective Tax Rate | 28.61% | 21.56% | 25.13% | 20.66% | 20.49% | 11.40% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.84B | 926.27M | 625.86M | 667.57M | 529.86M | 650.03M |
| Trading Asset Securities | 8.34M | 1.16M | 1.52M | |||
| Cash & Short-Term Investments | 1.85B | 927.42M | 627.38M | 667.57M | 529.86M | 650.03M |
| Receivables | 2.51B | 1.83B | 1.72B | 1.68B | 1.61B | 1.53B |
| Inventory | 3.15B | 1.99B | 1.44B | 1.48B | 1.68B | 1.04B |
| Prepaid Expenses | 274.24M | 78.15M | 73.80M | 50.91M | 62.04M | 53.95M |
| Restricted Cash | 38.82M | 39.95M | ||||
| Other Current Assets | 779.00K | 5.40M | 3.99M | 7.34M | ||
| Total Current Assets | 7.83B | 4.87B | 3.87B | 3.88B | 3.89B | 3.27B |
| Property, Plant & Equipment | 1.30B | 750.16M | 693.68M | 728.59M | 654.66M | 601.00M |
| Long-Term Investments | 18.52M | 108.00K | 21.00K | |||
| Goodwill | 121.89M | |||||
| Long-Term Deferred Tax Assets | 320.22M | 171.22M | 160.70M | 177.60M | 209.55M | 242.26M |
| Long-Term Deferred Charges | 5.00M | |||||
| Other Long-Term Assets | 150.40M | 66.23M | 98.01M | 88.22M | 80.70M | 88.94M |
| Total Assets | 9.74B | 5.86B | 4.82B | 4.87B | 4.84B | 4.20B |
| Accounts Payable | 2.45B | 1.58B | 1.44B | 1.56B | 2.04B | 1.47B |
| Accrued Expenses | 471.88M | 285.59M | 238.37M | 387.85M | 346.80M | 244.63M |
| Short-Term Debt | 8.45M | |||||
| Current Portion of Long-Term Debt | 215.00M | 17.50M | 17.50M | 17.50M | 17.50M | 27.75M |
| Current Portion of Leases | 47.79M | 21.73M | 22.27M | 22.34M | 16.70M | 17.22M |
| Current Unearned Revenue | 1.15B | 878.47M | 215.55M | |||
| Other Current Liabilities | 59.71M | 39.83M | 5.01M | 37.90M | 49.00M | 24.00M |
| Total Current Liabilities | 4.40B | 2.82B | 1.94B | 2.03B | 2.47B | 1.79B |
| Long-Term Debt | 1.96B | 283.42M | 301.59M | 312.33M | 329.24M | 321.57M |
| Long-Term Leases | 212.81M | 36.02M | 44.51M | 60.66M | 48.57M | 38.59M |
| Pension & Post-Retirement Benefits | 41.85M | 34.90M | 32.22M | 37.00M | ||
| Other Long-Term Liabilities | 413.11M | 135.70M | 139.65M | 116.81M | 129.77M | 204.94M |
| Total Liabilities | 6.98B | 3.32B | 2.46B | 2.56B | 3.02B | 2.35B |
| Common Stock | 6.78B | 534.00K | 539.00K | 568.00K | 574.00K | 643.00K |
| Additional Paid-In Capital | 6.64B | 6.58B | 6.51B | 6.38B | 6.34B | |
| Retained Earnings | -2.20B | -2.46B | -2.71B | -2.93B | -3.24B | -3.48B |
| Treasury Stock | -2.10B | -1.90B | -1.74B | -1.49B | -1.38B | -1.05B |
| Comprehensive Income & Other | 86.20M | 69.62M | 66.74M | 70.88M | 56.33M | 40.69M |
| Total Common Equity | 2.56B | 2.35B | 2.20B | 2.17B | 1.82B | 1.85B |
| Minority Interest | 200.07M | 185.26M | 164.89M | 149.68M | ||
| Shareholders' Equity | 2.76B | 2.54B | 2.36B | 2.32B | 1.82B | 1.85B |
| Total Liabilities & Equity | 9.74B | 5.86B | 4.82B | 4.87B | 4.84B | 4.20B |
| Total Debt | 2.43B | 358.67M | 385.88M | 421.28M | 412.00M | 405.13M |
| Net Cash (Debt) | -579.62M | 568.76M | 241.50M | 246.29M | 117.86M | 244.90M |
| Net Cash Per Share | -10.51 | 10.31 | 4.24 | 4.12 | 1.87 | 3.65 |
| Filing Date Shares Outstanding | 53.60M | 54.56M | 53.93M | 56.84M | 57.43M | 64.38M |
| Total Common Shares Outstanding | 53.59M | 53.40M | 53.92M | 56.83M | 57.39M | 64.31M |
| Working Capital | 3.43B | 2.04B | 1.93B | 1.85B | 1.42B | 1.49B |
| Book Value Per Share | 47.76 | 44.08 | 40.74 | 38.16 | 31.70 | 28.81 |
| Tangible Book Value | 2.44B | 2.35B | 2.20B | 2.17B | 1.82B | 1.85B |
| Tangible Book Value Per Share | 45.48 | 44.08 | 40.74 | 38.16 | 31.70 | 28.81 |
| Land | 753.19M | 735.20M | 677.48M | 656.84M | 645.64M | |
| Machinery | 1.84B | 1.78B | 1.65B | 1.55B | 1.52B | |
| Construction In Progress | 109.28M | 20.34M | 124.66M | 91.93M | 40.52M | |
| Leasehold Improvements | 45.62M | 46.07M | 44.62M | 42.79M | 44.90M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 308.13M | 245.89M | 222.54M | 309.97M | 240.38M | 249.55M |
| Depreciation & Amortization | 164.47M | 119.47M | 122.42M | 118.24M | 108.78M | 109.66M |
| Loss (Gain) From Sale of Assets | -23.26M | |||||
| Stock-Based Compensation | 88.73M | 63.40M | 57.41M | 50.40M | 39.61M | 34.98M |
| Other Operating Activities | 180.32M | 2.89M | 44.45M | 48.06M | 38.02M | 27.00M |
| Change in Accounts Receivable | 567.82M | -105.63M | -42.71M | -59.50M | -96.05M | -91.33M |
| Change in Inventory | -318.97M | -542.74M | 35.70M | 210.22M | -651.12M | -157.28M |
| Change in Accounts Payable | 115.23M | 99.05M | -111.55M | -418.19M | 508.99M | 243.83M |
| Change in Unearned Revenue | 185.15M | 662.92M | 89.19M | 55.61M | ||
| Change in Other Net Operating Assets | -385.12M | 75.41M | -77.23M | -79.64M | 142.24M | -54.80M |
| Operating Cash Flow | 901.06M | 620.66M | 340.22M | 235.17M | 330.85M | 338.34M |
| Capital Expenditures | -306.91M | -147.36M | -111.23M | -191.37M | -138.64M | -73.30M |
| Sale of Property, Plant & Equipment | 4.88M | 4.88M | 2.03M | 1.41M | 8.43M | 1.08M |
| Cash Acquisitions | -1.11B | -21.41M | ||||
| Sale (Purchase) of Intangibles | 5.00M | |||||
| Investment in Securities | 8.37M | 34.27M | -5.20M | -2.50M | -2.00M | -2.71M |
| Investing Cash Flow | -1.41B | -108.21M | -114.40M | -192.46M | -132.21M | -91.33M |
| Short-Term Debt Issued | 562.70M | 2.11B | 2.98B | 1.87B | 399.60M | |
| Long-Term Debt Issued | 346.74M | |||||
| Total Debt Issued | 2.34B | 562.70M | 2.11B | 2.98B | 2.22B | 399.60M |
| Short-Term Debt Repaid | -562.70M | -2.11B | -2.98B | -1.87B | -399.60M | |
| Long-Term Debt Repaid | -17.50M | -21.57M | -17.50M | -332.81M | -18.75M | |
| Total Debt Repaid | -451.18M | -580.20M | -2.13B | -3.00B | -2.21B | -418.35M |
| Net Debt Issued (Repaid) | 1.89B | -17.50M | -21.57M | -17.50M | 13.92M | -18.75M |
| Issuance of Common Stock | 6.16M | 3.41M | 2.38M | 5.49M | ||
| Repurchase of Common Stock | -303.17M | -156.82M | -254.30M | -107.09M | -331.10M | -64.06M |
| Other Financing Activities | -28.86M | 477.00K | 215.69M | 500.00K | ||
| Financing Cash Flow | 1.56B | -173.84M | -269.71M | 94.50M | -314.30M | -77.32M |
| Foreign Exchange Rate Adjustments | -989.00K | 1.75M | 2.18M | 498.00K | -4.51M | -199.00K |
| Net Cash Flow | 1.05B | 340.36M | -41.71M | 137.71M | -120.17M | 169.50M |
| Free Cash Flow | 594.15M | 473.30M | 228.99M | 43.80M | 192.22M | 265.05M |
| Free Cash Flow Margin | 4.66% | 5.82% | 3.03% | 0.49% | 2.43% | 3.93% |
| Free Cash Flow Per Share | 10.77 | 8.58 | 4.02 | 0.73 | 3.04 | 3.95 |
| Levered Free Cash Flow | -222.22M | 456.71M | 151.25M | -60.27M | 174.09M | 204.74M |
| Unlevered Free Cash Flow | -163.14M | 469.31M | 169.49M | -37.59M | 188.14M | 216.96M |
| Cash Interest Paid | 76.02M | 16.58M | 26.10M | 32.49M | 18.24M | 15.26M |
| Cash Income Tax Paid | 118.28M | 98.58M | 69.41M | 57.34M | 48.13M | 33.36M |
| Change in Working Capital | 164.11M | 189.01M | -106.59M | -291.50M | -95.94M | -59.58M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.87B | 6.08B | 3.76B | 3.11B | 2.66B | 2.55B |
| Enterprise Value | 9.45B | 5.83B | 3.65B | 3.02B | 2.54B | 2.34B |
| Last Close Price | 165.57 | 114.11 | 68.87 | 54.28 | 46.08 | 39.18 |
| PE Ratio | 29.61 | 24.73 | 16.91 | 10.02 | 11.08 | 10.22 |
| Forward PE | 13.10 | 17.12 | 11.84 | 8.42 | 8.40 | 9.79 |
| PS Ratio | 0.70 | 0.75 | 0.50 | 0.35 | 0.34 | 0.38 |
| PB Ratio | 3.47 | 2.40 | 1.59 | 1.34 | 1.46 | 1.38 |
| P/TBV Ratio | 3.64 | 2.58 | 1.71 | 1.43 | 1.46 | 1.38 |
| P/FCF Ratio | 14.94 | 12.85 | 16.43 | 70.92 | 13.86 | 9.62 |
| P/OCF Ratio | 9.85 | 9.80 | 11.06 | 13.21 | 8.05 | 7.54 |
| PEG Ratio | 0.48 | 1.26 | 1.02 | 0.52 | 0.57 | 0.66 |
| EV/Sales Ratio | 0.74 | 0.72 | 0.48 | 0.34 | 0.32 | 0.35 |
| EV/EBITDA Ratio | 10.93 | 11.32 | 7.80 | 5.20 | 5.49 | 6.15 |
| EV/EBIT Ratio | 13.49 | 14.75 | 10.56 | 6.53 | 7.17 | 8.63 |
| EV/FCF Ratio | 15.91 | 12.31 | 15.95 | 68.85 | 13.22 | 8.83 |
| Debt / Equity Ratio | 0.88 | 0.14 | 0.16 | 0.18 | 0.23 | 0.22 |
| Debt / EBITDA Ratio | 2.65 | 0.66 | 0.77 | 0.68 | 0.85 | 1.01 |
| Debt / FCF Ratio | 4.09 | 0.76 | 1.69 | 9.62 | 2.14 | 1.53 |
| Net Debt / Equity Ratio | 0.21 | -0.22 | -0.10 | -0.11 | -0.07 | -0.13 |
| Net Debt / EBITDA Ratio | 0.67 | -1.10 | -0.52 | -0.42 | -0.26 | -0.64 |
| Net Debt / FCF Ratio | 0.98 | -1.20 | -1.05 | -5.62 | -0.61 | -0.92 |
| Asset Turnover | 1.71 | 1.52 | 1.56 | 1.84 | 1.75 | 1.69 |
| Inventory Turnover | 4.90 | 4.32 | 4.74 | 5.18 | 5.35 | 6.53 |
| Quick Ratio | 0.99 | 0.98 | 1.21 | 1.15 | 0.87 | 1.22 |
| Current Ratio | 1.78 | 1.72 | 1.99 | 1.91 | 1.57 | 1.83 |
| Return on Equity (ROE) | 12.49% | 10.87% | 10.16% | 15.83% | 13.09% | 14.33% |
| Return on Assets (ROA) | 5.86% | 4.62% | 4.46% | 5.94% | 4.90% | 4.25% |
| Return on Invested Capital (ROIC) | 14.74% | 15.15% | 12.35% | 19.41% | 17.03% | 15.20% |
| Return on Capital Employed (ROCE) | 13.10% | 13.00% | 12.00% | 16.30% | 15.00% | 11.20% |
| Earnings Yield | 3.38% | 4.04% | 5.91% | 9.98% | 9.03% | 9.79% |
| FCF Yield | 6.70% | 7.78% | 6.08% | 1.41% | 7.22% | 10.39% |
| Buyback Yield / Dilution | 0.66% | 3.15% | 4.76% | 5.23% | 5.91% | 5.24% |