BHE

MKT CAP:$2B

Benchmark Electronics, Inc.

Market Cap

$2B

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NYSE

Technology·Hardware,·🇺🇸·NYSE

Stock Price

$66.17+$22.27 (+50.73%)

Apr 21, 2026

Company Details

Benchmark Electronics, Inc., together with its subsidiaries, provides product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and tech...

CEO

Jeffrey W. Benck

IPO Date

Jun 27, 1990

Website

www.bench.com

Key Metrics TTM

Revenue

$2.7B

+0.1% YoY

Net Income

$25M

EPS (Diluted)

$0.69

Free Cash Flow

$85M

Revenue / Share

$73.47

Gross Margin

10.1%

Operating Margin

2.9%

Net Margin

0.9%

FCF Margin

3.2%

P/S

0.9x

P/E

99.1x

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

FY 2025

Feb 23, 2026

$2.7BEPS $0.69

Q4 2025

Feb 23, 2026

$704M+7.2%EPS $0.17

Q3 2025

Nov 5, 2025

$681M+3.5%EPS $0.39

Q2 2025

Jul 31, 2025

$642M-3.5%EPS $0.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$636M	$58M	$15M
Q2 22	$728M	$59M	$22M
Q3 22	$772M	$67M	$25M
Q4 22	$751M	$72M	$27M
Q1 23	$695M	$64M	$23M
Q2 23	$733M	$67M	$24M
Q3 23	$720M	$69M	$30M
Q4 23	$691M	$71M	$32M
Q1 24	$676M	$67M	$26M
Q2 24	$666M	$68M	$27M
Q3 24	$658M	$67M	$28M
Q4 24	$657M	$68M	$29M
Q1 25	$632M	$63M	$12M
Q2 25	$642M	$65M	$20M
Q3 25	$681M	$67M	$26M
Q4 25	$704M	$74M	$20M

Valuation

Quarter	P/S	P/E
Q1 22	1.0x	63.4x
Q2 22	1.0x	50.6x
Q3 22	0.9x	41.4x
Q4 22	0.9x	36.1x
Q1 23	0.8x	35.4x
Q2 23	0.8x	37.1x
Q3 23	0.8x	36.2x
Q4 23	0.9x	38.3x
Q1 24	0.9x	37.3x
Q2 24	0.9x	36.5x
Q3 24	0.9x	39.4x
Q4 24	0.9x	38.9x
Q1 25	0.9x	46.5x
Q2 25	1.0x	64.1x
Q3 25	0.9x	66.0x
Q4 25	0.9x	99.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$68M	-$85M
Q2 22	-$25M	-$31M
Q3 22	-$31M	-$40M
Q4 22	-$53M	-$66M
Q1 23	-$25M	-$64M
Q2 23	$25M	$16M
Q3 23	$38M	$18M
Q4 23	$137M	$126M
Q1 24	$48M	$43M
Q2 24	$56M	$47M
Q3 24	$39M	$29M
Q4 24	$46M	$37M
Q1 25	$32M	$27M
Q2 25	-$3M	-$15M
Q3 25	$37M	$26M
Q4 25	$59M	$47M

Capital Expenditures

Quarter	CapEx
Q1 22	$17M
Q2 22	$6M
Q3 22	$9M
Q4 22	$13M
Q1 23	$39M
Q2 23	$8M
Q3 23	$20M
Q4 23	$11M
Q1 24	$6M
Q2 24	$9M
Q3 24	$10M
Q4 24	$9M
Q1 25	$4M
Q2 25	$12M
Q3 25	$11M
Q4 25	$11M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+25.8%	+25.7%
Q2 22	+33.7%	+32.1%
Q3 22	+34.9%	+33.2%
Q4 22	+18.6%	+17.8%
Q1 23	+9.2%	+8.3%
Q2 23	+0.7%	+0.4%
Q3 23	-6.7%	-7.6%
Q4 23	-7.9%	-8.9%
Q1 24	-2.8%	-3.3%
Q2 24	-9.2%	-9.9%
Q3 24	-8.6%	-8.7%
Q4 24	-5.0%	-4.7%
Q1 25	-6.5%	-4.6%
Q2 25	-3.5%	-2.6%
Q3 25	+3.5%	+4.0%
Q4 25	+7.2%	+8.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$5M	0.6%
Q4 22	$0	0.0%
Q1 23	$5M	0.7%
Q2 23	$4M	0.5%
Q3 23	$4M	0.5%
Q4 23	$3M	0.4%
Q1 24	$2M	0.3%
Q2 24	$4M	0.6%
Q3 24	$4M	0.7%
Q4 24	$3M	0.4%
Q1 25	$4M	0.7%
Q2 25	$5M	0.8%
Q3 25	$0	0.0%
Q4 25	$7M	1.1%

OpEx Breakdown

Quarter	SG&A
Q1 22	$36M
Q2 22	$36M
Q3 22	$39M
Q4 22	$40M
Q1 23	$38M
Q2 23	$38M
Q3 23	$36M
Q4 23	$36M
Q1 24	$37M
Q2 24	$38M
Q3 24	$37M
Q4 24	$37M
Q1 25	$39M
Q2 25	$41M
Q3 25	$42M
Q4 25	$39M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$245M	$0	$245M
Q2 22	$262M	$0	$262M
Q3 22	$247M	$0	$247M
Q4 22	$207M	$0	$207M
Q1 23	$211M	$0	$211M
Q2 23	$245M	$0	$245M
Q3 23	$260M	$0	$260M
Q4 23	$277M	$0	$277M
Q1 24	$296M	$0	$296M
Q2 24	$309M	$0	$309M
Q3 24	$324M	$0	$324M
Q4 24	$315M	$0	$315M
Q1 25	$355M	$0	$355M
Q2 25	$265M	$0	$265M
Q3 25	$285M	$0	$285M
Q4 25	$322M	$0	$322M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	35M	+0.2%	-3.4%
Q2 22	35M	-0.4%	-2.0%
Q3 22	35M	+0.0%	-0.9%
Q4 22	36M	+0.8%	+0.6%
Q1 23	36M	-0.1%	+0.3%
Q2 23	36M	+0.2%	+1.0%
Q3 23	36M	+0.6%	+1.5%
Q4 23	36M	+0.2%	+0.9%
Q1 24	36M	+1.2%	+2.3%
Q2 24	36M	+0.3%	+2.3%
Q3 24	37M	+0.4%	+2.1%
Q4 24	37M	+0.1%	+2.0%
Q1 25	37M	-0.1%	+0.6%
Q2 25	36M	-0.9%	-0.7%
Q3 25	36M	-0.2%	-1.2%
Q4 25	36M	+0.0%	-1.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$58.4K	11K
Q2 22	$66.8K	11K
Q3 22	$70.8K	11K
Q4 22	$63.2K	12K
Q1 23	$58.5K	12K
Q2 23	$61.8K	12K
Q3 23	$60.6K	12K
Q4 23	$54.4K	13K
Q1 24	$53.2K	13K
Q2 24	$52.4K	13K
Q3 24	$51.8K	13K
Q4 24	$56.1K	12K
Q1 25	$54.0K	12K
Q2 25	$54.9K	12K
Q3 25	$58.2K	12K
Q4 25	$59.5K	12K

Revenue / Employee