Plexus Corp. (PLXS) Balance Sheet
PLXS balance sheet, FY2025
September 30, 2025 · U.S. dollars$3.14B assets = $1.68B liabilities + $1.45B equity
Both columns are drawn to the same scale: what PLXS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PLXS financial health
Current ratio1.58
Comfortable · current assets cover current liabilities 1.58×
Debt / equity0.12
Low leverage · $0.12 of debt for each $1 of equity
Equity / assets46.4%
Equity-funded · of assets funded by shareholders
Cash / debt174.8%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
PLXS balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.77BFY2016 | $3.14BFY2025 | +6.6%/yr | |
| Total liabilities | $849.0MFY2016 | $1.68BFY2025 | +7.9%/yr | |
| Shareholders’ equity | $916.8MFY2016 | $1.45BFY2025 | +5.3%/yr | |
| Cash & short-term investments | $433.0MFY2016 | $306.8MFY2025 | −3.8%/yr | |
| Total debt | $262.5MFY2016 | $175.5MFY2025 | −4.4%/yr | |
| Net cash (debt) | $170.5MFY2016 | $131.3MFY2025 | −$39.2M | |
| Working capital | $782.9MFY2016 | $880.1MFY2025 | +$97.2M | |
| Book value per share | $26.89FY2016 | $52.67FY2025 | +7.8%/yr | |
| Current ratio | 2.20FY2016 | 1.58FY2025 | −0.62 | |
| Debt / equity | 0.29FY2016 | 0.12FY2025 | −0.17 | |
| Shares outstanding | 34.1MFY2016 | 27.6MFY2025 | −2.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PLXS assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
PLXS liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
PLXS debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PLXS balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $306.8M | $345.1M | $256.2M | $274.8M | $270.2M | $385.8M | $223.8M | $297.3M | $568.9M | $433.0M |
| Cash & equivalents | $306.8M | $345.1M | $256.2M | $274.8M | $270.2M | $385.8M | $223.8M | $297.3M | $568.9M | $433.0M |
| Short-term investments | — | $2.4M | — | — | — | — | — | $417,000 | $394,000 | $0 |
| Receivables | $807.2M | $742.9M | $803.8M | $876.2M | $635.0M | $596.0M | $579.1M | $394.8M | $365.5M | $416.9M |
| Inventory | $1.23B | $1.31B | $1.56B | $1.60B | $972.3M | $763.5M | $700.9M | $794.3M | $654.6M | $564.1M |
| Other current assets | $55.0M | $77.7M | $50.1M | $62.3M | $53.4M | $33.9M | $34.5M | $30.7M | $28.4M | $19.4M |
| Total current assets | $2.40B | $2.48B | $2.67B | $2.82B | $1.93B | $1.78B | $1.54B | $1.52B | $1.62B | $1.43B |
| Property, plant & equipment (net) | $618.9M | $575.5M | $561.4M | $509.8M | $467.2M | $453.5M | $384.2M | $341.3M | $314.7M | $291.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $13.8M | $16.4M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $119.4M | $101.2M | $87.5M | $67.3M | $63.8M | $57.1M | $64.6M | $57.7M | $44.1M | $41.2M |
| Total assets | $3.14B | $3.15B | $3.32B | $3.39B | $2.46B | $2.29B | $2.00B | $1.93B | $1.98B | $1.77B |
| Liabilities | ||||||||||
| Accounts payable | $726.6M | $606.4M | $646.6M | $805.6M | $635.0M | $516.3M | $444.9M | $506.3M | $414.0M | $397.2M |
| Short-term debt | $54.0M | $157.3M | $240.2M | $274.0M | $66.3M | $146.8M | $100.7M | $5.5M | $286.9M | $78.5M |
| Deferred revenue | $575.9M | $709.2M | $760.4M | $779.3M | $205.0M | $160.0M | $139.8M | $90.8M | $107.8M | $84.6M |
| Total current liabilities | $1.52B | $1.64B | $1.81B | $2.01B | $1.13B | $1.00B | $865.5M | $737.7M | $907.6M | $650.4M |
| Long-term debt | $92.0M | $90.0M | $190.9M | $187.8M | $187.0M | $188.0M | $187.3M | $183.1M | $26.2M | $184.0M |
| Lease obligations | $29.4M | $32.3M | $38.6M | $33.6M | $38.0M | $36.8M | — | — | — | — |
| Other long-term liabilities | $71.9M | $95.7M | $103.3M | $103.5M | $117.9M | $120.9M | $82.5M | $90.7M | $16.5M | $14.6M |
| Total liabilities | $1.68B | $1.83B | $2.11B | $2.30B | $1.43B | $1.31B | $1.14B | $1.01B | $950.2M | $849.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $547,000 | $545,000 | $543,000 | $541,000 | $538,000 | $535,000 | $529,000 | $526,000 | $519,000 | $513,000 |
| Retained earnings (deficit) | $2.00B | $1.82B | $1.71B | $1.57B | $1.43B | $1.30B | $1.18B | $1.06B | $1.05B | $937.1M |
| Treasury stock | — | — | — | — | — | — | −$893.2M | −$711.1M | −$574.1M | −$540.0M |
| Accumulated other comprehensive income | $17.8M | $10.6M | −$24.3M | −$36.0M | −$3.0M | −$5.1M | −$17.8M | −$12.0M | −$5.0M | −$11.5M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $1.45B | $1.32B | $1.21B | $1.10B | $1.03B | $977.5M | $865.6M | $921.1M | $1.03B | $916.8M |
| Key figures | ||||||||||
| Total debt | $175.5M | $279.6M | $469.6M | $495.4M | $291.3M | $371.6M | $288.0M | $188.6M | $313.1M | $262.5M |
| Net cash (debt) | $131.3M | $65.5M | −$213.4M | −$220.6M | −$21.1M | $14.2M | −$64.2M | $108.7M | $255.8M | $170.5M |
| Working capital | $880.1M | $833.9M | $859.6M | $809.9M | $802.2M | $775.6M | $672.8M | $779.5M | $709.9M | $782.9M |
| Tangible book value | $1.45B | $1.32B | $1.21B | $1.10B | $1.03B | $977.5M | $851.8M | $904.7M | $1.03B | $916.8M |
| Book value per share | $52.67 | $47.47 | $43.19 | $38.53 | $35.25 | $32.67 | $27.86 | $27.16 | $29.69 | $26.89 |
| Shares outstanding | 27.6M | 27.9M | 28.1M | 28.4M | 29.2M | 29.9M | 31.1M | 33.9M | 34.6M | 34.1M |
| Current ratio | 1.58 | 1.51 | 1.47 | 1.40 | 1.71 | 1.77 | 1.78 | 2.06 | 1.78 | 2.20 |
| Quick ratio | 0.73 | 0.66 | 0.58 | 0.57 | 0.80 | 0.98 | 0.93 | 0.94 | 1.03 | 1.31 |
| Debt / equity | 0.12 | 0.21 | 0.39 | 0.45 | 0.28 | 0.38 | 0.33 | 0.20 | 0.31 | 0.29 |
| Equity / assets | 46.4% | 42.0% | 36.6% | 32.3% | 41.8% | 42.7% | 43.3% | 47.7% | 51.9% | 51.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $314.1M | $303.1M | $248.8M | $306.8M | $237.6M | $310.5M | $317.2M | $345.1M | $269.9M | $265.1M | $232.0M | $256.2M |
| Cash & equivalents | $314.1M | $303.1M | $249.4M | $306.8M | $237.6M | $310.5M | $317.2M | $345.1M | $269.9M | $265.1M | $232.0M | $256.2M |
| Short-term investments | — | — | — | — | — | −$31,000 | — | — | — | — | — | — |
| Receivables | $795.2M | $862.7M | $832.3M | $807.2M | $808.7M | $745.6M | $725.6M | $742.9M | $759.8M | $776.7M | $787.8M | $803.8M |
| Inventory | $1.49B | $1.37B | $1.31B | $1.23B | $1.28B | $1.28B | $1.29B | $1.31B | $1.43B | $1.52B | $1.58B | $1.56B |
| Other current assets | $297.7M | $97.6M | $70.1M | $55.0M | $70.6M | $59.8M | $54.4M | $77.7M | $76.9M | $70.6M | $55.3M | $50.1M |
| Total current assets | $2.90B | $2.64B | $2.46B | $2.40B | $2.40B | $2.40B | $2.39B | $2.48B | $2.54B | $2.63B | $2.65B | $2.67B |
| Property, plant & equipment (net) | $612.7M | $603.8M | $609.0M | $618.9M | $609.3M | $588.1M | $583.2M | $575.5M | $548.7M | $556.9M | $566.4M | $561.4M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $125.5M | $120.0M | $120.3M | $119.4M | $101.3M | $101.3M | $100.8M | $101.2M | $81.3M | $88.7M | $88.0M | $87.5M |
| Total assets | $3.63B | $3.36B | $3.19B | $3.14B | $3.11B | $3.09B | $3.07B | $3.15B | $3.17B | $3.28B | $3.30B | $3.32B |
| Liabilities | ||||||||||||
| Accounts payable | $978.9M | $851.9M | $745.6M | $726.6M | $722.3M | $680.1M | $666.1M | $606.4M | $592.6M | $627.4M | $647.4M | $646.6M |
| Short-term debt | $183.8M | $150.9M | $74.8M | $54.0M | $50.7M | $121.0M | $122.0M | $157.3M | $258.2M | $246.0M | $251.1M | $240.2M |
| Deferred revenue | $602.9M | $565.3M | $580.4M | $575.9M | $592.5M | $611.6M | $625.3M | $709.2M | $736.2M | $716.2M | $709.7M | $760.4M |
| Total current liabilities | $1.95B | $1.71B | $1.54B | $1.52B | $1.52B | $1.57B | $1.57B | $1.64B | $1.72B | $1.74B | $1.74B | $1.81B |
| Long-term debt | $91.6M | $91.0M | $91.1M | $92.0M | $92.2M | $88.8M | $88.7M | $90.0M | $90.7M | $192.0M | $192.1M | $190.9M |
| Lease obligations | $23.9M | $25.8M | $27.3M | $29.4M | $31.2M | $32.7M | $35.1M | $32.3M | $31.9M | $33.9M | $36.0M | $38.6M |
| Other long-term liabilities | $67.4M | $67.9M | $70.1M | $71.9M | $77.9M | $79.5M | $98.1M | $95.7M | $89.1M | $88.0M | $102.2M | $103.3M |
| Total liabilities | $2.10B | $1.87B | $1.70B | $1.68B | $1.69B | $1.73B | $1.75B | $1.83B | $1.90B | $2.02B | $2.04B | $2.11B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $549,000 | $549,000 | $547,000 | $547,000 | $547,000 | $547,000 | $545,000 | $545,000 | $545,000 | $545,000 | $543,000 | $543,000 |
| Retained earnings (deficit) | $2.13B | $2.09B | $2.04B | $2.00B | $1.94B | $1.90B | $1.86B | $1.82B | $1.78B | $1.76B | $1.74B | $1.71B |
| Accumulated other comprehensive income | $7.3M | $11.2M | $21.8M | $17.8M | $19.9M | −$13.8M | −$23.5M | $10.6M | −$15.7M | −$8.7M | −$3.4M | −$24.3M |
| Total shareholders' equity | $1.53B | $1.49B | $1.48B | $1.45B | $1.42B | $1.35B | $1.32B | $1.32B | $1.27B | $1.26B | $1.27B | $1.21B |
| Key figures | ||||||||||||
| Total debt | $299.3M | $267.7M | $220.6M | $175.5M | $174.1M | $242.5M | $245.8M | $279.6M | $380.8M | $471.9M | $479.2M | $469.6M |
| Net cash (debt) | $14.7M | $35.5M | $28.3M | $131.3M | $63.5M | $68.0M | $71.3M | $65.5M | −$110.9M | −$206.9M | −$247.2M | −$213.4M |
| Working capital | $949.6M | $924.9M | $913.0M | $880.1M | $878.6M | $830.5M | $821.9M | $833.9M | $816.1M | $894.2M | $906.7M | $859.6M |
| Tangible book value | $1.53B | $1.49B | $1.48B | $1.45B | $1.42B | $1.35B | $1.32B | $1.32B | $1.27B | $1.26B | $1.27B | $1.21B |
| Book value per share | $55.90 | $54.43 | $54.15 | $53.00 | $51.54 | $48.86 | $47.51 | $47.68 | $45.61 | $45.11 | $45.22 | $43.41 |
| Shares outstanding | 27.3M | 27.4M | 27.3M | 27.4M | 27.5M | 27.7M | 27.8M | 27.8M | 27.8M | 27.9M | 28.0M | 28.0M |
| Current ratio | 1.49 | 1.54 | 1.59 | 1.58 | 1.58 | 1.53 | 1.53 | 1.51 | 1.47 | 1.51 | 1.52 | 1.47 |
| Quick ratio | 0.57 | 0.68 | 0.70 | 0.73 | 0.69 | 0.67 | 0.67 | 0.66 | 0.60 | 0.60 | 0.58 | 0.58 |
| Debt / equity | 0.20 | 0.18 | 0.15 | 0.12 | 0.12 | 0.18 | 0.19 | 0.21 | 0.30 | 0.37 | 0.38 | 0.39 |
| Equity / assets | 42.1% | 44.3% | 46.5% | 46.4% | 45.7% | 43.8% | 42.9% | 42.0% | 39.9% | 38.4% | 38.3% | 36.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 14, 2025); data from EODHD.
PLXS financial position
At the end of fiscal 2025 (September 30, 2025), Plexus had total assets of $3.1 billion (down 0.5% from a year earlier), total liabilities of $1.7 billion and shareholders' equity of $1.5 billion. It held $306.8 million in cash and short-term investments against $175.5 million of debt, a net cash position of $131.3 million. Its current ratio was 1.58. In the latest quarter (ended June 30, 2026) total assets were $3.6 billion and equity $1.5 billion.
Related: PLXS income statement, PLXS cash flow statement, PLXS key metrics. See the PLXS stock overview for the latest quote and news.
PLXS balance sheet FAQ
What are Plexus's total assets?
Plexus reported total assets of $3.1 billion at the end of fiscal 2025 (September 30, 2025), compared with $3.2 billion a year earlier.
How much debt does Plexus have?
Plexus had $175.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.12.
How much cash does Plexus have?
Plexus held $306.8 million in cash and short-term investments at the end of fiscal 2025; with $175.5 million of debt that is net cash of $131.3 million.
What is Plexus's book value?
Plexus's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2025, or $52.67 per share.
What is Plexus's current ratio?
Plexus had current assets of $2.4 billion and current liabilities of $1.5 billion, a current ratio of 1.58 (it can cover its short-term obligations).