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PLXS (Plexus) Gross Margin % : 10.27% (As of Sep. 2024)


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What is Plexus Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Plexus's Gross Profit for the three months ended in Sep. 2024 was $108 Mil. Plexus's Revenue for the three months ended in Sep. 2024 was $1,051 Mil. Therefore, Plexus's Gross Margin % for the quarter that ended in Sep. 2024 was 10.27%.


The historical rank and industry rank for Plexus's Gross Margin % or its related term are showing as below:

PLXS' s Gross Margin % Range Over the Past 10 Years
Min: 8.9   Med: 9.22   Max: 10.12
Current: 9.56


During the past 13 years, the highest Gross Margin % of Plexus was 10.12%. The lowest was 8.90%. And the median was 9.22%.

PLXS's Gross Margin % is ranked worse than
84.81% of 2422 companies
in the Hardware industry
Industry Median: 24.655 vs PLXS: 9.56

Plexus had a gross margin of 10.27% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Plexus was 0.50% per year.


Plexus Gross Margin % Historical Data

The historical data trend for Plexus's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Plexus Gross Margin % Chart

Plexus Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.22 9.60 9.11 9.37 9.56

Plexus Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.45 8.97 9.11 9.83 10.27

Competitive Comparison of Plexus's Gross Margin %

For the Electronic Components subindustry, Plexus's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Plexus's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Plexus's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Plexus's Gross Margin % falls into.



Plexus Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Plexus's Gross Margin for the fiscal year that ended in Sep. 2024 is calculated as

Gross Margin % (A: Sep. 2024 )=Gross Profit (A: Sep. 2024 ) / Revenue (A: Sep. 2024 )
=378.5 / 3960.827
=(Revenue - Cost of Goods Sold) / Revenue
=(3960.827 - 3582.297) / 3960.827
=9.56 %

Plexus's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=107.9 / 1050.569
=(Revenue - Cost of Goods Sold) / Revenue
=(1050.569 - 942.657) / 1050.569
=10.27 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Plexus  (NAS:PLXS) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Plexus had a gross margin of 10.27% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Plexus Gross Margin % Related Terms

Thank you for viewing the detailed overview of Plexus's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Plexus Business Description

Traded in Other Exchanges
Address
One Plexus Way, P.O. Box 156, Neenah, WI, USA, 54957
Plexus Corp is a U.S based Electronic Manufacturing Services company that provides a range of services, from conceptualization and design to fulfilling orders and providing sustaining solutions, such as replenishment and refurbishment. The company's segments comprise AMER, APAC,ge and EMEA.
Executives
Todd P. Kelsey officer: Sr VP Global Customer Services 55 JEWELERS PARK DRIVE, NEENAH WI 54956
Karen Marie Rapp director C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759
Dean A Foate director, officer: President and CEO
J Joel Quadracci director QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Oliver K. Mihm officer: Sr VP-Global Engineering Servs ONE PLEXUS WAY, NEENAH X1 54956
Ninivaggi Angelo Michael Jr officer: Vice Pres., General Counsel 55 JEWELERS PARK DRIVE, NEENAH WI 54956
Patrick John Jermain officer: Vice President & CFO ONE PLEXUS WAY, NEENAH WI 54956
Tan Victor (pang Hau) officer: Regional President - APAC ONE PLEXUS WAY, NEENAH WI 54956
Steven J. Frisch officer: Sr VP Global Eng Services 55 JEWELERS PARK DRIVE, NEENAH WI 54956
Frank Zycinski officer: Regional President - EMEA ONE PLEXUS WAY, NEENAH WI 54956
Ronnie Darroch officer: Regional President-Plexus EMEA ONE PLEXUS WAY, NEENAH X1 54956
Jennifer Wuamett director 6501 WILLIAM CANNON DRIVE WEST, AUSTIN TX 78735
Scott Theune officer: Regional President - AMER ONE PLEXUS WAY, NEENAH WI 54956
Randy J Martinez director HLH BUILDING, 101 WORLD DRIVE, PEACHTREE CITY GA 30269
Michael V Schrock director 5500 WAYZATA BLVD., SUITE 800, GOLDEN VALLEY MN 55416