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Forensic Analysis · Communications Equipment & Electronic Components · as of Nov 8, 2026

Plexus Corp (PLXS)

A forensic read on Plexus Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable
Forensic grade
Safe
Financial health
5.3
Distress distance
Clean
Earnings quality
1
Forensic signals
12.4%
ROE
1.8%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Plexus Corp earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 5.3, placing it in the Safe zone. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

14.7%
FY2025
Return on invested capital. Return on invested capital is 14.7% in the latest fiscal year, against 13.5% in FY2023, having run between 12.0% and 14.7% across FY2023–FY2025 with no direction held. After-tax operating profit was $169M in FY2023 and $182M in FY2025, with operating income at 4.7% of revenue in FY2023, 4.2% in FY2024 and 5.0% in FY2025. The capital base behind it went from $1.3B in FY2023 to $1.2B in FY2025 (-1%), while the revenue it carried went from $4.2B to $4.0B.

Key fundamentals

Latest Revenue$4.03B
Revenue Growth YoY+1.8%
Revenue CAGR (2yr)-2.1%
Net Margin4.3%
Free Cash Flow$154.0M
Return on Equity12.4%
Debt / Equity0.06x

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Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

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