NYSE : BHE
Benchmark Electronics, Inc. — Financial statements
Technology · Electronic Components · United States
Last price 68.37 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.45B
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Financial statements
Benchmark Electronics, Inc. (BHE) reported revenue of 2.95B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.95B | 2.66B | 2.66B | 2.84B | 2.89B | 2.26B |
| Cost of Revenue | 2.65B | 2.39B | 2.39B | 2.57B | 2.63B | 2.05B |
| Gross Profit | 294.45M | 270.06M | 270.02M | 271.07M | 255.24M | 205.90M |
| Selling, General & Admin | 177.68M | 159.66M | 149.46M | 147.03M | 150.22M | 136.70M |
| Amortization of Goodwill & Intangibles | 4.82M | 4.82M | 4.82M | 5.98M | 6.38M | 6.38M |
| Other Operating Expenses | 10.99M | 10.99M | ||||
| Operating Expenses | 193.49M | 175.47M | 154.28M | 153.00M | 156.60M | 143.08M |
| Operating Income | 100.96M | 94.59M | 115.75M | 118.07M | 98.64M | 62.82M |
| Interest Expense | -14.93M | -20.16M | -26.92M | -31.88M | -12.89M | -8.47M |
| Interest & Investment Income | 7.57M | 9.55M | 10.21M | 6.26M | 1.73M | 540.00K |
| Currency Exchange Gain (Loss) | -1.30M | -1.30M | -5.20M | -3.40M | 600.00K | -300.00K |
| Other Non Operating Income (Expenses) | -4.38M | -2.61M | -3.60M | 575.00K | 4.84M | 577.00K |
| EBT Excluding Unusual Items | 87.92M | 80.08M | 90.23M | 89.62M | 92.91M | 55.16M |
| Merger & Restructuring Charges | -9.99M | -7.44M | -6.34M | -7.33M | -5.67M | -13.70M |
| Gain (Loss) on Sale of Assets | 400.00K | |||||
| Asset Writedown | -11.10M | -11.10M | -1.07M | |||
| Legal Settlements | -3.30M | |||||
| Other Unusual Items | 23.10M | |||||
| Pretax Income | 89.94M | 61.53M | 83.89M | 81.22M | 84.34M | 45.41M |
| Income Tax Expense | 33.91M | 36.68M | 22.77M | 12.28M | 16.11M | 9.64M |
| Net Income | 56.02M | 24.85M | 61.13M | 68.94M | 68.23M | 35.77M |
| Net Income to Common | 56.02M | 24.85M | 61.13M | 68.94M | 68.23M | 35.77M |
| Shares Outstanding (Basic) | 35.80M | 35.88M | 35.97M | 35.57M | 35.18M | 35.66M |
| Shares Outstanding (Diluted) | 36.32M | 36.30M | 36.76M | 35.97M | 35.72M | 36.10M |
| EPS (Basic) | 1.56 | 0.69 | 1.70 | 1.94 | 1.94 | 1.00 |
| EPS (Diluted) | 1.54 | 0.68 | 1.66 | 1.92 | 1.91 | 0.99 |
| Free Cash Flow | 116.54M | 88.35M | 157.92M | 100.81M | -220.82M | -41.42M |
| Free Cash Flow Per Share | 3.21 | 2.43 | 4.30 | 2.80 | -6.18 | -1.15 |
| Dividend Per Share | 0.68 | 0.68 | 0.67 | 0.66 | 0.66 | 0.66 |
| Gross Margin | 9.99% | 10.16% | 10.17% | 9.55% | 8.84% | 9.13% |
| Operating Margin | 3.42% | 3.56% | 4.36% | 4.16% | 3.42% | 2.79% |
| Profit Margin | 1.90% | 0.94% | 2.30% | 2.43% | 2.36% | 1.59% |
| Free Cash Flow Margin | 3.95% | 3.32% | 5.95% | 3.55% | -7.65% | -1.84% |
| EBITDA | 143.75M | 136.84M | 156.47M | 158.41M | 138.36M | 104.20M |
| EBITDA Margin | 4.88% | 5.15% | 5.89% | 5.58% | 4.79% | 4.62% |
| D&A For EBITDA | 42.79M | 42.25M | 40.73M | 40.35M | 39.72M | 41.39M |
| EBIT | 100.96M | 94.59M | 115.75M | 118.07M | 98.64M | 62.82M |
| EBIT Margin | 3.42% | 3.56% | 4.36% | 4.16% | 3.42% | 2.79% |
| Effective Tax Rate | 37.70% | 59.61% | 27.14% | 15.12% | 19.10% | 21.22% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 290.66M | 322.06M | 315.15M | 277.39M | 207.43M | 271.75M |
| Trading Asset Securities | 639.00K | |||||
| Cash & Short-Term Investments | 290.66M | 322.06M | 315.15M | 277.39M | 208.07M | 271.75M |
| Accounts Receivable | 656.84M | 573.97M | 580.04M | 624.38M | 675.57M | 511.13M |
| Other Receivables | 900.00K | 841.00K | ||||
| Receivables | 656.84M | 573.97M | 580.04M | 625.28M | 675.57M | 511.97M |
| Inventory | 633.58M | 482.54M | 553.65M | 683.80M | 727.75M | 523.24M |
| Prepaid Expenses | 118.18M | 69.23M | 44.72M | 43.45M | 40.35M | 41.19M |
| Restricted Cash | 336.00K | 12.88M | 5.82M | |||
| Other Current Assets | 407.00K | |||||
| Total Current Assets | 1.70B | 1.45B | 1.51B | 1.64B | 1.65B | 1.35B |
| Property, Plant & Equipment | 340.21M | 326.45M | 343.09M | 358.53M | 305.22M | 286.58M |
| Goodwill | 192.12M | 192.12M | 192.12M | 192.12M | 192.12M | 192.12M |
| Other Intangible Assets | 38.77M | 44.40M | 51.02M | 58.19M | 64.23M | |
| Long-Term Deferred Tax Assets | 33.90M | 34.94M | 26.66M | 26.94M | 12.23M | 5.97M |
| Other Long-Term Assets | 50.10M | 31.30M | 21.74M | 10.40M | 7.42M | 6.83M |
| Total Assets | 2.32B | 2.07B | 2.13B | 2.27B | 2.23B | 1.90B |
| Accounts Payable | 663.71M | 403.22M | 354.22M | 367.48M | 424.27M | 426.56M |
| Accrued Expenses | 101.12M | 89.76M | 105.03M | 99.06M | 94.61M | 81.07M |
| Current Portion of Long-Term Debt | 3.75M | 3.75M | 6.56M | 4.10M | 4.10M | 5.15M |
| Current Portion of Leases | 14.38M | 14.04M | 17.34M | 15.67M | 12.19M | 13.63M |
| Current Income Taxes Payable | 3.08M | 7.68M | 22.12M | 22.23M | 12.24M | 6.16M |
| Current Unearned Revenue | 123.72M | 115.55M | 143.61M | 204.88M | 197.94M | 118.12M |
| Other Current Liabilities | 157.00K | 1.57M | 209.00K | 125.00K | 3.78M | 3.69M |
| Total Current Liabilities | 909.92M | 635.58M | 649.11M | 713.55M | 749.14M | 654.38M |
| Long-Term Debt | 154.09M | 209.27M | 250.57M | 328.96M | 320.32M | 128.76M |
| Long-Term Leases | 95.95M | 98.69M | 109.00M | 123.56M | 87.04M | 91.41M |
| Long-Term Deferred Tax Liabilities | 7.93M | 7.51M | 3.71M | 495.00K | 84.00K | |
| Other Long-Term Liabilities | 20.93M | 20.87M | 17.48M | 29.61M | 43.92M | 55.45M |
| Total Liabilities | 1.19B | 971.91M | 1.03B | 1.20B | 1.20B | 930.08M |
| Common Stock | 3.58M | 3.57M | 3.60M | 3.57M | 3.52M | 3.52M |
| Additional Paid-In Capital | 546.57M | 537.05M | 534.95M | 528.84M | 519.24M | 507.45M |
| Retained Earnings | 588.17M | 568.16M | 587.27M | 560.54M | 519.89M | 479.99M |
| Comprehensive Income & Other | -9.87M | -8.97M | -21.24M | -13.86M | -16.23M | -17.16M |
| Shareholders' Equity | 1.13B | 1.10B | 1.10B | 1.08B | 1.03B | 973.80M |
| Total Liabilities & Equity | 2.32B | 2.07B | 2.13B | 2.27B | 2.23B | 1.90B |
| Total Debt | 268.17M | 325.75M | 383.48M | 472.29M | 423.66M | 238.95M |
| Net Cash (Debt) | 22.49M | -3.68M | -68.32M | -194.90M | -215.59M | 32.80M |
| Net Cash Per Share | 0.62 | -0.10 | -1.86 | -5.42 | -6.04 | 0.91 |
| Filing Date Shares Outstanding | 35.77M | 35.67M | 36.02M | 35.77M | 35.19M | 35.20M |
| Total Common Shares Outstanding | 35.82M | 35.67M | 35.99M | 35.66M | 35.16M | 35.21M |
| Working Capital | 789.33M | 812.56M | 857.33M | 922.20M | 903.01M | 693.76M |
| Book Value Per Share | 31.50 | 30.83 | 30.69 | 30.26 | 29.19 | 27.65 |
| Tangible Book Value | 936.34M | 868.91M | 868.06M | 835.95M | 776.11M | 717.46M |
| Tangible Book Value Per Share | 26.14 | 24.36 | 24.12 | 23.44 | 22.07 | 20.37 |
| Land | 5.87M | 5.87M | 5.87M | 5.87M | 5.87M | |
| Buildings | 101.17M | 92.37M | 81.28M | 79.18M | 76.14M | |
| Machinery | 562.96M | 562.42M | 567.48M | 554.56M | 517.81M | |
| Construction In Progress | 16.13M | 10.18M | 24.66M | 3.15M | 17.72M | |
| Leasehold Improvements | 61.87M | 68.82M | 54.75M | 54.27M | 42.29M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 56.02M | 24.85M | 61.13M | 68.94M | 68.23M | 35.77M |
| Depreciation & Amortization | 42.79M | 42.25M | 40.73M | 40.35M | 39.72M | 41.39M |
| Other Amortization | 5.25M | 5.38M | 5.42M | 5.06M | 4.53M | 2.77M |
| Loss (Gain) From Sale of Assets | -709.00K | -2.62M | -101.00K | -682.00K | 148.00K | |
| Asset Writedown & Restructuring Costs | 11.10M | 11.10M | 1.07M | 4.36M | ||
| Stock-Based Compensation | 23.28M | 17.20M | 13.37M | 15.29M | 18.48M | 15.26M |
| Provision & Write-off of Bad Debts | 593.00K | 298.00K | 671.00K | 1.32M | 489.00K | |
| Other Operating Activities | -3.29M | -5.74M | -3.81M | -13.01M | -7.25M | -6.88M |
| Change in Accounts Receivable | -81.62M | 10.38M | 41.35M | 50.68M | -164.82M | -59.43M |
| Change in Inventory | -125.64M | 75.17M | 127.84M | 45.07M | -206.25M | -197.87M |
| Change in Accounts Payable | 273.32M | 32.40M | -18.28M | -35.32M | -16.66M | 139.95M |
| Change in Unearned Revenue | -443.00K | -28.07M | -61.27M | 6.95M | 79.81M | 34.00M |
| Change in Income Taxes | -9.20M | -18.75M | -28.00K | 3.31M | 6.65M | 792.00K |
| Change in Other Net Operating Assets | -21.16M | -39.88M | -17.89M | -15.33M | 277.00K | -12.88M |
| Operating Cash Flow | 170.29M | 123.96M | 189.22M | 174.29M | -177.47M | -2.62M |
| Capital Expenditures | -53.75M | -35.61M | -31.31M | -73.48M | -43.36M | -38.79M |
| Sale of Property, Plant & Equipment | 3.06M | 791.00K | 2.01M | 649.00K | 5.69M | 239.00K |
| Divestitures | 5.06M | |||||
| Sale (Purchase) of Intangibles | -3.51M | -2.93M | -1.95M | -4.26M | -3.42M | -3.38M |
| Other Investing Activities | -77.00K | -1.00K | -1.52M | -48.00K | -93.00K | 63.00K |
| Investing Cash Flow | -54.27M | -32.70M | -32.77M | -77.14M | -41.17M | -41.88M |
| Long-Term Debt Issued | 891.09M | 600.00M | 749.50M | 828.00M | 150.00M | |
| Long-Term Debt Repaid | -936.19M | -674.28M | -743.77M | -633.16M | -156.50M | |
| Net Debt Issued (Repaid) | -58.78M | -45.10M | -74.28M | 5.72M | 194.84M | -6.50M |
| Issuance of Common Stock | 4.00K | 482.00K | 129.00K | 716.00K | 346.00K | |
| Repurchase of Common Stock | -24.32M | -34.10M | -11.39M | -5.76M | -12.59M | -43.39M |
| Common Dividends Paid | -24.33M | -24.43M | -23.91M | -23.45M | -23.16M | -23.26M |
| Other Financing Activities | -362.00K | -2.29M | -216.00K | -574.00K | -1.15M | |
| Financing Cash Flow | -107.80M | -105.90M | -109.11M | -23.58M | 159.23M | -73.95M |
| Foreign Exchange Rate Adjustments | -3.63M | 9.01M | -2.54M | 2.21M | -4.91M | -5.79M |
| Net Cash Flow | 4.59M | -5.63M | 44.81M | 75.78M | -64.32M | -124.24M |
| Free Cash Flow | 116.54M | 88.35M | 157.92M | 100.81M | -220.82M | -41.42M |
| Free Cash Flow Margin | 3.95% | 3.32% | 5.95% | 3.55% | -7.65% | -1.84% |
| Free Cash Flow Per Share | 3.21 | 2.43 | 4.30 | 2.80 | -6.18 | -1.15 |
| Levered Free Cash Flow | 100.58M | 130.60M | 180.26M | 83.49M | -200.89M | -29.51M |
| Unlevered Free Cash Flow | 109.33M | 142.43M | 196.57M | 102.91M | -193.25M | -24.85M |
| Cash Interest Paid | 14.30M | 19.42M | 28.03M | 30.55M | 11.63M | 8.21M |
| Cash Income Tax Paid | 29.78M | 66.52M | 46.70M | 37.70M | 28.48M | 20.56M |
| Change in Working Capital | 35.25M | 31.24M | 71.73M | 55.37M | -300.99M | -95.43M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.45B | 1.53B | 1.63B | 986.25M | 938.85M | 954.58M |
| Enterprise Value | 2.42B | 1.58B | 1.72B | 1.29B | 1.09B | 910.80M |
| Last Close Price | 68.37 | 42.46 | 44.32 | 26.52 | 24.94 | 24.66 |
| PE Ratio | 44.37 | 61.39 | 26.74 | 14.30 | 13.76 | 26.69 |
| Forward PE | 19.99 | 17.67 | 20.12 | 13.59 | 11.76 | 18.78 |
| PS Ratio | 0.83 | 0.57 | 0.61 | 0.35 | 0.33 | 0.42 |
| PB Ratio | 2.17 | 1.39 | 1.48 | 0.91 | 0.92 | 0.98 |
| P/TBV Ratio | 2.61 | 1.76 | 1.88 | 1.18 | 1.21 | 1.33 |
| P/FCF Ratio | 20.98 | 17.27 | 10.35 | 9.78 | ||
| P/OCF Ratio | 14.36 | 12.31 | 8.64 | 5.66 | ||
| PEG Ratio | 0.91 | 0.80 | 0.91 | 0.62 | 0.53 | 0.85 |
| EV/Sales Ratio | 0.82 | 0.59 | 0.65 | 0.45 | 0.38 | 0.40 |
| EV/EBITDA Ratio | 16.85 | 11.52 | 11.01 | 8.13 | 7.88 | 8.74 |
| EV/EBIT Ratio | 24.00 | 16.66 | 14.89 | 10.91 | 11.06 | 14.50 |
| EV/FCF Ratio | 20.79 | 17.83 | 10.91 | 12.77 | ||
| Debt / Equity Ratio | 0.24 | 0.30 | 0.35 | 0.44 | 0.41 | 0.24 |
| Debt / EBITDA Ratio | 1.62 | 2.02 | 2.11 | 2.62 | 2.68 | 1.95 |
| Debt / FCF Ratio | 2.30 | 3.69 | 2.43 | 4.68 | ||
| Net Debt / Equity Ratio | -0.02 | 0.00 | 0.06 | 0.18 | 0.21 | -0.03 |
| Net Debt / EBITDA Ratio | -0.16 | 0.03 | 0.44 | 1.23 | 1.56 | -0.32 |
| Net Debt / FCF Ratio | -0.19 | 0.04 | 0.43 | 1.93 | -0.98 | 0.79 |
| Asset Turnover | 1.34 | 1.26 | 1.21 | 1.26 | 1.40 | 1.24 |
| Inventory Turnover | 4.65 | 4.61 | 3.86 | 3.64 | 4.21 | 4.82 |
| Quick Ratio | 1.04 | 1.41 | 1.38 | 1.26 | 1.18 | 1.20 |
| Current Ratio | 1.87 | 2.28 | 2.32 | 2.29 | 2.21 | 2.06 |
| Return on Equity (ROE) | 5.01% | 2.25% | 5.60% | 6.55% | 6.82% | 3.64% |
| Return on Assets (ROA) | 2.88% | 2.81% | 3.28% | 3.28% | 2.98% | 2.15% |
| Return on Invested Capital (ROIC) | 5.72% | 3.36% | 6.89% | 7.97% | 7.31% | 5.58% |
| Return on Capital Employed (ROCE) | 7.20% | 6.60% | 7.80% | 7.60% | 6.70% | 5.00% |
| Earnings Yield | 2.25% | 1.63% | 3.74% | 6.99% | 7.27% | 3.75% |
| FCF Yield | 4.77% | 5.79% | 9.66% | 10.22% | -23.52% | -4.34% |
| Dividend Yield | 0.99% | 1.59% | 1.48% | 2.39% | 2.47% | 2.42% |
| Payout Ratio | 44.13% | 98.28% | 39.12% | 34.02% | 33.94% | 65.03% |
| Buyback Yield / Dilution | 0.94% | 1.25% | -2.19% | -0.71% | 1.06% | 1.94% |
| Total Shareholder Return | 1.93% | 2.84% | -0.71% | 1.67% | 3.53% | 4.36% |