PLXS
TechnologyPlexus Corp. · Hardware, Equipment & Parts · $7B
What is Plexus Corp.?
Plexus Corp. is an electronic manufacturing services provider serving customers across healthcare, industrial, aerospace, defense, and communications markets. Operating globally, the company handles everything from early-stage design through full-scale production and aftermarket support.
Plexus earns revenue by acting as an outsourced manufacturing partner for companies that need complex electronics built to exacting standards. Customers hand off product design, supply chain management, and production — Plexus handles execution. Its end markets include medical devices, industrial equipment, aerospace systems, and communications hardware. Revenue is driven by long-term customer relationships and program wins rather than consumer-facing product sales.
Founded in 1979 and headquartered in Neenah, Wisconsin, Plexus has built a multi-decade track record in contract electronics manufacturing.
- Design and development engineering services
- Supply chain management and procurement
- New product introduction and ramp support
- Full-scale electronics manufacturing
- Aftermarket repair and logistics services
Is PLXS a Good Stock to Buy?
UQS Score rates PLXS as Below Average overall.
The standout element in Plexus's profile is its Risk pillar, which scores Strong — suggesting the balance sheet and financial stability hold up relatively well compared to peers. That resilience can matter in a cyclical, program-driven business where customer concentration and supply chain disruptions are ongoing realities.
Quality, Moat, and Growth all register as Weak, pointing to limited competitive differentiation, below-average returns, and a muted growth trajectory. Valuation sits at Neutral, offering neither a clear discount nor a significant premium.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does PLXS pay dividends?
No — Plexus Corp. does not currently pay a dividend.
Plexus does not currently pay a dividend. For a contract manufacturer operating in capital-intensive markets, retaining cash to fund working capital, facility investments, and program ramp costs is a common strategic choice. Income-focused investors should factor this into their assessment, while growth-oriented investors may view reinvestment as a neutral signal.
When does PLXS report earnings?
Plexus Corp. reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Results tend to reflect program wins and losses, end-market demand shifts, and supply chain conditions across its four served sectors. Healthcare and aerospace/defense have historically provided more stable demand, while industrial and communications segments can be more cyclical.
For the most recent quarter's results and guidance, visit Plexus Corp.'s investor relations page directly.
PLXS Price History
+141.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Plexus Corp.?
Based on Plexus Corp.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
PLXS Long-term Outlook
The combination of Weak Growth and Weak Quality pillars suggests Plexus faces headwinds in expanding profitability or accelerating revenue meaningfully in the near term. A Strong Risk profile provides some cushion, indicating the company is unlikely to face acute financial stress. The Neutral Valuation label means the market is not pricing in dramatic upside or downside — the stock appears fairly reflected relative to its current fundamentals.
Growth drivers
- Program wins in aerospace and defense, a structurally growing end market
- Outsourcing trends as OEMs seek to reduce internal manufacturing complexity
- Healthcare and life sciences demand for compliant, high-reliability electronics
Key risks
- Weak Moat leaves Plexus exposed to price competition from other contract manufacturers
- Customer concentration risk — losing a major program can materially impact revenue
- Supply chain volatility can compress margins in a low-differentiation business model
PLXS vs Peers
Plexus operates in a competitive landscape alongside other technology and industrial services companies with overlapping end-market exposure.
Sensata focuses on sensors and controls rather than contract manufacturing, giving it more proprietary product exposure and potentially stronger moat characteristics.
Vontier targets mobility and transportation infrastructure technology, operating with a more software-enabled business model than Plexus's hardware-centric services.
OSI Systems develops its own security and inspection products, distinguishing it from Plexus's pure-play contract manufacturing model.
Frequently Asked Questions
What does Plexus Corp. do?
Plexus Corp. provides electronic manufacturing services to companies that need complex products built without maintaining their own factories. Services span design, supply chain, production, and aftermarket support across healthcare, industrial, aerospace, defense, and communications markets.
Does PLXS pay dividends?
No, Plexus Corp. does not currently pay a dividend. The company retains capital to fund operations, working capital, and program investments. Investors seeking regular income should note this absence when evaluating PLXS.
When does PLXS report earnings?
Plexus reports on a quarterly cadence, as is standard for US-listed companies. Specific dates are not covered by our data source — check Plexus Corp.'s investor relations page for the current earnings calendar.
Is PLXS a good stock to buy?
UQS Score rates PLXS as Below Average, reflecting Weak scores across Quality, Moat, and Growth pillars. The Risk pillar is Strong, which provides some stability, but the overall profile suggests investors should weigh the limited competitive differentiation carefully. The full pillar breakdown is available to Pro members.
Is PLXS overvalued?
The UQS Valuation pillar for PLXS is rated Neutral, suggesting the stock is neither clearly cheap nor obviously expensive relative to its fundamentals. Given the Weak Quality and Growth profile, a Neutral valuation does not necessarily imply a margin of safety.
How does PLXS compare to its competitors?
Compared to peers like Sensata Technologies, Vontier, and OSI Systems, Plexus is a purer contract manufacturer with less proprietary product exposure. That model can limit pricing power and moat strength relative to competitors that develop and own their own technologies.
What is PLXS's market cap bracket?
Plexus Corp. is classified as a mid-cap company. This places it in a segment of the market that can offer growth potential beyond large-caps while carrying more liquidity than small-cap peers, though mid-caps can still see meaningful price volatility.
Who founded Plexus Corp.?
Plexus Corp. was founded in 1979 and is headquartered in Neenah, Wisconsin. Detailed founding history, including founder names, is publicly available through the company's official corporate history and investor relations materials.
Is PLXS a long-term quality investment?
As a long-term quality indicator, PLXS's Below Average UQS Score — driven by Weak Quality, Moat, and Growth pillars — raises questions about durable competitive advantage. The Strong Risk pillar is a positive signal for stability, but sustained long-term outperformance typically requires stronger moat and quality characteristics.
What is the main competitive advantage of Plexus Corp.?
Plexus's primary advantage lies in its deep expertise serving regulated, high-complexity end markets like healthcare and aerospace, where manufacturing errors carry significant consequences. Long-standing customer relationships and program-specific know-how create some switching costs, though the UQS Moat pillar rates this as Weak overall.
What sector does PLXS belong to?
Plexus Corp. is classified in the Technology sector, specifically within electronic manufacturing services. Its revenue is tied to industrial, healthcare, aerospace, defense, and communications end markets, giving it a more cyclical and diversified exposure than pure software or semiconductor peers.
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Pro Analysis
PLXS — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 41.4 | 22.2 | 26.0 | 46.7 | 86.3 | 47.1 | +0.1 |
| May 4, 2026 | 41.3 | 22.2 | 26.0 | 44.5 | 86.7 | 48.6 | +1.5 |
| May 3, 2026 | 39.8 | 22.2 | 26.0 | 39.0 | 86.7 | 46.1 | -0.2 |
| Apr 26, 2026 | 40.0 | 22.2 | 26.0 | 39.0 | 86.7 | 47.8 | -0.7 |
| Apr 23, 2026 | 40.7 | 22.2 | 26.0 | 39.0 | 86.7 | 52.4 | +0.1 |
| Apr 19, 2026 | 40.6 | 22.2 | 26.0 | 38.4 | 86.7 | 52.2 | +0.1 |
| Apr 18, 2026 | 40.5 | 22.2 | 26.0 | 38.4 | 86.7 | 51.9 | -0.5 |
| Apr 14, 2026 | 41.0 | 22.2 | 26.0 | 38.4 | 86.7 | 54.7 | 0.0 |
| Apr 12, 2026 | 41.0 | 22.2 | 26.0 | 38.4 | 86.7 | 55.1 | -0.7 |
| Apr 9, 2026 | 41.7 | 22.2 | 26.0 | 38.4 | 86.7 | 59.6 | 0.0 |
PLXS — Pillar Breakdown
Quality
— 22.2/100 (25%)Plexus Corp. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 46.7/100 (20%)Plexus Corp. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 86.3/100 (15%)Plexus Corp. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 47.2/100 (15%)Plexus Corp. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 26/100 (25%)Plexus Corp. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for PLXS.
Score Composition
Financial Data
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How is the PLXS UQS Score Calculated?
The UQS (Unified Quality Score) for Plexus Corp. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Plexus Corp.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Plexus Corp. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.