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Benchmark Electronics, Inc.

NYSE•BHE
CEO: Mr. Jeffrey W. Benck
Sector: Technology
Industry: Hardware, Equipment & Parts
Listing Date: 1990-06-27
Benchmark Electronics, Inc., together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services. It also offers electronics manufacturing and testing services, such as printed circuit board assembly and test solutions, assembly of subsystems, circuitry and functionality testing of printed assemblies, environmental and stress testing, and component reliability testing; component engineering services; manufacturing defect analysis, in-circuit testing, functional testing, and life cycle testing services, as well as environmental stress tests of assemblies of boards or systems; and failure analysis. In addition, the company provides precision machining and electromechanical assembly services; and subsystem and system integration services, including assembly, configuration, and testing for various industries. Further, it provides value-added support systems; supply chain management solutions; direct order fulfillment; and aftermarket non-warranty services, including repair, replacement, refurbishment, remanufacturing, exchange, systems upgrade, and spare parts manufacturing throughout a product's life cycle. The company serves original equipment manufacturers in the aerospace and defense, medical technologies, complex industrials, semiconductor capital equipment, telecommunications, and advanced computing industries. It markets its services and solutions primarily through a direct sales force. The company was formerly known as Electronics, Inc. Benchmark Electronics, Inc. was founded in 1979 and is headquartered in Tempe, Arizona.
Contact Information
56 South Rockford Drive, Tempe, AZ, 85281, United States
623-300-7000
www.bench.com
Market Cap
$1.90B
P/E (TTM)
76.4
58.4
Dividend Yield
1.3%
52W High
$61.12
52W Low
$30.73
52W Range
74%
Rank46Top 59.5%
3.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$704.33M+7.22%
4-Quarter Trend

EPS

$0.17-66.67%
4-Quarter Trend

FCF

$47.38M-100.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Sales Flat Total sales remained stable at $2.66 B for 2025, matching 2024 results, driven by mixed sector performance across segments.
Aerospace Defense Sales Surge Aerospace and Defense sales increased 19% to $514.4 M, showing strong market growth in commercial and defense sectors.
Gross Margin Held Steady Gross profit margin remained consistent at 10.2% for 2025, matching 2024, despite significant restructuring activities recorded.
AC&C Sales Declined Advanced Computing and Communications sales decreased 27% to $344.9 M in 2025 due to lower demand from existing customers.

Risk Factors

Net Income Fell Sharply Net income decreased $36.2 M to $24.9 M, impacted by $11.1 M asset impairment and $11.0 M tax settlement.
Elevated Restructuring Charges Restructuring charges totaled $29.5 M in 2025, up sharply from $6.3 M in 2024, related to facility closures and exits.
Major Customer Dependency Sales to ten largest customers accounted for 51% of total sales in 2025; loss of a major customer poses material risk.
Effective Tax Rate Spiked Effective tax rate rose to 59.6% in 2025 from 27.1% in 2024, driven by discrete foreign withholding tax expense.

Outlook

Focus Complex Product Markets Strategy emphasizes complex, regulated markets like A&D, semi-cap, and medical, avoiding low-value commoditized opportunities.
Capital Allocation Priorities Maintaining focus on cash conversion, deploying capital for organic growth, dividends, and share repurchases totaling $122.7 M remaining.
ERP System Upgrade Underway Upgrading enterprise resource planning system over several years; completed implementation at certain locations already.
ESG Strategy Evolution Continuing to evolve sustainability strategy, expecting 2025 report to highlight progress across Environmental, People, Governance tenets.

Peer Comparison

Revenue (TTM)

CNXN stock ticker logoCNXN
$2.87B
+2.5%
PLTK stock ticker logoPLTK
$2.76B
+8.1%
BHE stock ticker logoBHE
$2.66B
+0.1%

Gross Margin (Latest Quarter)

ADEA stock ticker logoADEA
92.2%
-0.4pp
ATEN stock ticker logoATEN
78.7%
-0.3pp
PRCH stock ticker logoPRCH
77.0%
+16.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BELFB$2.50B6.815.1%25.4%
ADEA$2.50B22.426.3%41.9%
NYAX$2.19B62.017.5%39.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.7%
Moderate Growth
4Q Net Income CAGR
17.9%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow

Deep Research

Next earnings:Apr 27, 2026
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LTM
No Data