Jabil Inc.

JBL · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991
Valuation
Market cap	$31,987	$21,982	$12,397	$14,975	$8,295	$8,907	$4,923	$4,153	$4,262	$4,520	$4,049	$3,751	$4,370	$4,635	$4,696	$3,614	$2,197	$2,267	$3,461	$4,524	$5,565	$5,962	$4,135	$5,588	$3,693	$4,434	$11,424	$3,737	$873	$2,271	$222	$176	$73	$104	$72	$85
Enterprise value	$34,272	$23,419	$13,453	$16,420	$10,229	$10,660	$6,684	$5,500	$5,535	$5,423	$5,276	$4,527	$5,071	$5,550	$5,158	$3,929	$2,654	$2,632	$4,065	$5,131	$5,185	$5,493	$3,823	$5,532	$3,416	$4,373	$11,120	$3,662	$940	$2,278	$210	$280	$138	$145	$92	$113
P/E (TTM) at period end	30.70×	33.46×	8.93×	18.31×	8.33×	12.80×	91.17×	14.47×	49.36×	35.01×	15.94×	13.21×	18.11×	12.48×	11.90×	9.48×	13.01×	–	25.85×	61.77×	33.83×	29.24×	24.77×	129.92×	106.39×	37.41×	78.44×	40.84×	15.35×	43.26×	9.15×	24.14×	28.13×	12.88×	22.66×	8.24×
P/S (TTM) at period end	0.89×	0.74×	0.43×	0.43×	0.25×	0.30×	0.18×	0.16×	0.19×	0.24×	0.22×	0.21×	0.28×	0.27×	0.29×	0.22×	0.16×	0.19×	0.27×	0.37×	0.54×	0.79×	0.66×	1.18×	1.04×	1.02×	3.21×	1.87×	0.68×	2.32×	0.26×	0.32×	0.19×	0.31×	0.42×	0.36×
P/B at period end	19.83×	14.53×	7.14×	5.23×	3.38×	4.17×	2.72×	2.20×	2.19×	1.92×	1.66×	1.62×	1.95×	1.98×	2.23×	1.94×	1.39×	1.58×	1.27×	1.85×	2.43×	2.79×	2.27×	3.52×	2.45×	3.14×	8.99×	6.47×	3.52×	12.51×	1.79×	2.96×	1.43×	2.17×	2.89×	3.87×
EV / EBITDA (TTM)	14.37×	12.62×	4.97×	6.67×	4.41×	5.52×	5.16×	3.73×	4.21×	4.63×	4.33×	4.17×	7.33×	6.37×	5.71×	4.38×	4.34×	–	7.70×	12.17×	11.81×	11.66×	8.62×	20.57×	14.45×	13.70×	35.61×	18.56×	6.64×	21.33×	3.30×	9.82×	7.72×	6.18×	8.03×	4.75×
EV / Sales (TTM)	0.95×	0.79×	0.47×	0.47×	0.31×	0.36×	0.25×	0.22×	0.25×	0.28×	0.29×	0.25×	0.32×	0.32×	0.32×	0.24×	0.20×	0.23×	0.32×	0.42×	0.51×	0.73×	0.61×	1.17×	0.96×	1.01×	3.13×	1.83×	0.74×	2.33×	0.24×	0.50×	0.37×	0.43×	0.53×	0.49×
Returns
Return on equity	64.6%	43.4%	79.9%	28.5%	40.6%	32.6%	3.0%	15.2%	4.4%	5.5%	10.4%	12.3%	10.8%	15.9%	18.7%	20.4%	10.7%	(81.2%)	4.9%	3.0%	7.2%	9.5%	9.2%	2.7%	2.3%	8.4%	11.5%	15.8%	22.9%	28.9%	19.6%	12.2%	5.1%	16.8%	12.7%	47.0%
Return on invested capital	32.3%	29.5%	57.1%	23.1%	25.7%	20.1%	3.1%	13.9%	3.9%	6.3%	9.4%	12.2%	–	13.6%	16.4%	21.1%	11.1%	(50.6%)	6.4%	4.6%	9.2%	12.8%	12.6%	2.9%	3.0%	8.6%	15.1%	18.6%	23.3%	28.4%	26.0%	7.3%	3.8%	11.3%	9.7%	25.2%
Dividend yield	0.1%	0.2%	0.3%	0.3%	0.6%	0.6%	1.0%	1.3%	1.4%	1.3%	1.5%	1.7%	1.6%	1.4%	1.4%	1.7%	2.7%	2.6%	1.7%	1.3%	0.3%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	0.99×	1.00×	1.09×	1.16×	1.02×	1.02×	1.01×	0.98×	1.04×	0.96×	1.05×	1.03×	1.24×	1.20×	1.46×	1.32×	1.29×	1.37×	1.36×	1.23×	1.36×	1.71×	1.88×	1.66×	2.68×	2.87×	2.00×	2.00×	1.56×	1.58×	2.04×	1.18×	1.27×	1.61×	1.51×	1.41×
Debt / equity	2.09×	1.91×	1.66×	1.00×	1.17×	1.35×	1.51×	1.32×	1.29×	0.88×	0.87×	0.72×	0.75×	0.82×	0.80×	0.64×	0.75×	0.86×	0.50×	0.52×	0.17×	0.15×	0.17×	0.41×	0.24×	0.26×	0.03×	0.11×	0.36×	0.29×	0.48×	1.83×	1.30×	0.88×	0.78×	1.31×
Effective tax rate	26.1%	26.3%	20.7%	35.2%	19.1%	26.1%	78.2%	35.9%	76.6%	50.4%	34.1%	31.8%	102.2%	2.3%	23.6%	20.4%	30.9%	(16.0%)	16.0%	22.6%	26.9%	15.4%	14.5%	(16.4%)	22.4%	28.7%	31.5%	34.5%	30.5%	34.5%	36.0%	27.7%	48.0%	39.6%	36.0%	35.6%
Share count
Diluted shares outstanding	107	111	124	136	144	152	155	159	175	186	193	196	202	208	211	221	218	207	206	207	213	208	206	202	201	202	187	174	154	153	146	122	93	101	80	94

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991
Revenue and gross profit
Revenue	$35,954	$35,954	$29,802	$28,883	$34,702	$33,478	$29,285	$27,266	$25,282	$22,095	$19,063	$18,353	$17,899	$15,762	$17,249	$16,141	$16,519	$13,409	$11,685	$12,780	$12,291	$10,265	$7,524	$6,253	$4,729	$3,545	$4,331	$3,558	$2,000	$1,277	$978	$863	$560	$376	$335	$173	$233
Cost of revenue	($32,637)	($32,637)	($27,156)	($26,207)	($31,835)	($30,846)	($26,926)	($25,335)	($23,369)	($20,389)	($17,517)	($16,825)	($16,396)	($14,737)	($16,037)	($14,980)	($15,264)	($12,405)	($10,966)	($11,912)	($11,479)	($9,501)	($6,896)	($5,715)	($4,294)	($3,211)	($3,937)	($3,200)	($1,718)	($1,080)	($857)	($790)	($511)	($342)	($298)	($152)	($200)
Gross profit	$3,317	$3,317	$2,646	$2,676	$2,867	$2,632	$2,359	$1,931	$1,913	$1,707	$1,546	$1,528	$1,503	$1,026	$1,212	$1,161	$1,255	$1,004	$719	$868	$812	$765	$629	$538	$435	$335	$394	$358	$282	$197	$121	$73	$48	$34	$37	$22	$33
Operating expenses
Research and development	($30)	($30)	($26)	($39)	($34)	($33)	($34)	($43)	($43)	($39)	($30)	($32)	($28)	($29)	($28)	($26)	($25)	($28)	($27)	($33)	($36)	($35)	($23)	($14)	($10)	($8)	($6)	($5)	($4)	($4)	($3)	($2)	($2)	–	–	–	–
Selling, general and administrative	($1,222)	($1,222)	($1,122)	($1,160)	($1,206)	($1,154)	($1,213)	($1,175)	($1,111)	($1,051)	($908)	($924)	($863)	($676)	($614)	($573)	($591)	($590)	($496)	($491)	($492)	($382)	($314)	($258)	($244)	($204)	($184)	($133)	($81)	($52)	($36)	($26)	($18)	($16)	($14)	($10)	($9)
Total operating expenses	($1,613)	($1,613)	($1,464)	($663)	($1,330)	($1,239)	($1,304)	($1,431)	($1,212)	($1,165)	($1,135)	($1,005)	($948)	($822)	($760)	($611)	($676)	($677)	($1,629)	($616)	($630)	($523)	($377)	($317)	($391)	($287)	($230)	($145)	($141)	($92)	($39)	($28)	($32)	($25)	($20)	($15)	($13)
Total costs and expenses	($34,250)	($34,250)	($28,620)	($26,870)	($33,165)	($32,085)	($28,230)	($26,766)	($24,581)	($21,553)	($18,653)	($17,830)	($17,344)	($15,558)	($16,797)	($15,591)	($15,940)	($13,082)	($12,595)	($12,528)	($12,109)	($10,024)	($7,272)	($6,031)	($4,685)	($3,497)	($4,167)	($3,345)	($1,859)	($1,171)	($896)	($818)	($543)	($367)	($318)	($166)	($213)
Operating income	$1,704	$1,704	$1,182	$2,013	$1,537	$1,393	$1,055	$500	$701	$542	$410	$523	$555	$204	$452	$550	$579	$328	($910)	$251	$182	$242	$252	$222	$44	$48	$164	$213	$141	$106	$82	$45	$16	$8	$17	$7	$20
Earnings
EBITDA	$2,385	$2,385	$1,856	$2,709	$2,461	$2,318	$1,931	$1,295	$1,473	$1,316	$1,171	$1,220	$1,085	$691	$871	$903	$898	$611	($618)	$528	$422	$439	$471	$443	$269	$236	$319	$312	$197	$142	$107	$64	$28	$18	$24	$11	$24
Interest income	–	–	($147)	($173)	($206)	$5	$6	$15	$21	$18	$13	$9	$10	$4	$2	$2	$3	$3	$7	$12	$15	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	–	–	($244)	($173)	($206)	($151)	($130)	($174)	($188)	($149)	($138)	($137)	($128)	($128)	($121)	($106)	($98)	($79)	($82)	($94)	($86)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,408	$1,408	$892	$1,751	$1,262	$1,231	$944	$261	$451	$373	$256	$387	$432	$72	$327	$437	$481	$247	($1,005)	$157	$95	$225	$241	$203	$37	$45	$166	$213	$140	$82	$80	$38	$10	$5	$13	$5	$16
Income tax expense	($368)	($368)	($235)	($363)	($444)	($235)	($246)	($204)	($162)	($286)	($129)	($132)	($137)	($74)	($8)	($103)	($98)	($77)	($161)	($25)	($21)	($61)	($37)	($30)	$6	($10)	($48)	($67)	($48)	($25)	($28)	($14)	($3)	($2)	($5)	($2)	($6)
Net income	$1,042	$1,042	$657	$1,388	$818	$996	$696	$54	$287	$86	$129	$254	$284	$241	$371	$395	$381	$169	($1,165)	$134	$73	$165	$204	$167	$43	$35	$119	$146	$92	$57	$52	$24	$7	$3	$8	$3	$10
Per share
Diluted EPS (GAAP)	$9.75	$9.75	$5.92	$11.17	$6.02	$6.90	$4.58	$0.35	$1.81	$0.49	$0.69	$1.32	$1.45	$1.19	$1.79	$1.87	$1.73	$0.78	($5.63)	$0.65	$0.35	$0.77	$0.98	$0.85	$0.14	$0.17	$0.59	$0.78	$0.49	$0.37	$0.34	$0.17	$0.06	$0.02	$0.08	$0.04	$0.11
Basic EPS (GAAP)	$9.86	$9.86	$6.00	$11.34	$6.15	$7.06	$4.69	$0.36	$1.85	$0.50	$0.71	$1.33	$1.47	$1.19	$1.83	$1.91	$1.78	$0.79	($5.63)	$0.65	$0.36	$0.79	$1.01	$0.87	$0.14	$0.18	$0.62	$0.81	$0.51	$0.39	$0.34	$0.17	$0.07	$0.03	$0.08	$0.04	$0.11
Basic shares outstanding	106	106	110	122	133	141	148	152	156	172	182	190	194	202	203	206	215	214	207	205	204	207	203	200	198	197	192	179	167	148	153	145	104	87	101	80	94
Margins
Gross margin	9.2%	9.2%	8.9%	9.3%	8.3%	7.9%	8.1%	7.1%	7.6%	7.7%	8.1%	8.3%	8.4%	6.5%	7.0%	7.2%	7.6%	7.5%	6.2%	6.8%	6.6%	7.5%	8.4%	8.6%	9.2%	9.4%	9.1%	10.1%	14.1%	15.4%	12.4%	8.5%	8.6%	9.0%	11.1%	12.4%	14.2%
Operating margin	4.7%	4.7%	4.0%	7.0%	4.4%	4.2%	3.6%	1.8%	2.8%	2.5%	2.2%	2.8%	3.1%	1.3%	2.6%	3.4%	3.5%	2.4%	(7.8%)	2.0%	1.5%	2.4%	3.3%	3.5%	0.9%	1.4%	3.8%	6.0%	7.1%	8.3%	8.4%	5.3%	2.9%	2.2%	5.0%	3.9%	8.4%
Net margin	2.9%	2.9%	2.2%	4.8%	2.4%	3.0%	2.4%	0.2%	1.1%	0.4%	0.7%	1.4%	1.6%	1.5%	2.2%	2.4%	2.3%	1.3%	(10.0%)	1.0%	0.6%	1.6%	2.7%	2.7%	0.9%	1.0%	2.7%	4.1%	4.6%	4.5%	5.4%	2.8%	1.3%	0.7%	2.4%	1.8%	4.4%

Analyst consensus

Buy23 analysts

Bearish · 0 · Hold · 9 · Bullish · 14

Earnings history

	EPS	Estimate
Q1 2025	$2.00	$1.88	Beat
Q2 2025	$1.94	$1.83	Beat
Q3 2025	$2.55	$2.31	Beat
Q4 2025	$3.29	$2.92	Beat
Q1 2026	$2.85	$2.70	Beat
Q2 2026	$2.69	$2.51	Beat
Q3 2026	$3.16	$3.10	Beat
Q4 2026	$4.40	$4.07	Beat

Peers

Company overview

IPO dateMay 3, 1993

CEOMichael Dastoor

Employees135,000

SectorTechnology

IndustryHardware, Equipment & Parts

CountryUS

ExchangeNew York Stock Exchange

Websitewww.jabil.com

Jabil Inc. is a global provider of manufacturing services and comprehensive solutions. The company organizes its operations into two main divisions: Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). Its offerings span the entire lifecycle of electronic products, from initial design and production to ongoing product management. Jabil provides a range of electronic design services, including the creation of application-specific integrated circuits (ASIC), firmware development, and rapid prototyping capabilities. They also engineer custom plastic and metal enclosures, integrating essential electromechanical components such as printed circuit board assemblies (PCBAs). Furthermore, Jabil excels in advanced three-dimensional mechanical design, performing detailed analysis of electronic, electromechanical, and optical assemblies. This is complemented by various industrial design services, mechanism development, and tooling management. The company extends its expertise to computer-aided design (CAD) for PCBA layouts, alongside crucial validation and verification services for these designs. Consulting services are also available, assisting clients with generating bills of materials (BOM), approved vendor lists (AVL), and configuring assembly equipment tailored for different PCBA projects. Beyond design, Jabil conducts extensive product and process validation, encompassing rigorous product system, safety, regulatory compliance, and reliability tests. They also specialize in developing customized manufacturing test solutions. Post-production services include systems assembly, final testing, direct-order fulfillment, and configure-to-order (CTO) capabilities. Jabil serves a broad spectrum of industries, including 5G, wireless and cloud infrastructure, digital printing and retail, industrial and semiconductor capital equipment, networking and data storage, automotive and transportation, connected devices, healthcare and packaging, and the mobility sector. The company, originally incorporated as Jabil Circuit, Inc., adopted its current name, Jabil Inc., in June 2017. Founded in 1966, Jabil Inc. maintains its corporate headquarters in Saint Petersburg, Florida.

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