BHE Benchmark Electronics, Inc. Common Stock

NYSE · Electrical Equipment · View on SEC EDGAR ↗
$74.03
Price · Aug 19, 2026
Fundamentals as of Jul 29, 2026

About Benchmark Electronics, Inc. Common Stock Company overview from Wikipedia

Benchmark Electronics Inc is an EMS, ODM, and OEM company based in Tempe, Arizona in the Phoenix metropolitan area. It provides contract manufacturing services.

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Benchmark Electronics Inc is an EMS, ODM, and OEM company based in Tempe, Arizona in the Phoenix metropolitan area. It provides contract manufacturing services.

History

Initially a subsidiary of Intermedics, a medical implant manufacturer, Benchmark was sold to Electronic Investors Corporation in 1986.

The company made an IPO in 1990.

In 2007 Benchmark Electronics acquired Pemstar Inc, another contract manufacturer.

In December 2011, founder and chairman Cary Fu promoted Gayla Delly to CEO in December 2011.

On September 16, 2016, Benchmark named Paul J. Tufano president and chief executive officer, effective immediately. He replaced Gayla Delly, who had been with Benchmark since 1996.

Tufano stepped down from his position as president and CEO on March 18, 2019 and is replaced by Jeff Benck.

Benchmark ranked as the 18th largest EMS/ODM company worldwide in the CIRCUITS ASSEMBLY Top 50 for 2019.

In June 2020, the company announced plans to shutter its factory in Angleton, TX.

Customers

Benchmark Electronics's customers have included Sun Microsystems, Medtronic, Ouster inc, EMC Corporation, iRobot, and Silicon Graphics.

Services

While basic computing-related products made up the majority of its earlier product lines, the company also manufactures telecommunications equipment and medical devices. Benchmark has also expanded its business into precision technologies, providing extensive precision mechanical manufacturing capabilities.

Production bases and facilities

Benchmark Electronics has operations in eight countries and has 23 sites.

The company has production bases in Almelo, Netherlands; Austin, TX; Bangkok, Thailand; Brasov, Romania; Guadalajara, Mexico; Tempe, Arizona; Tijuana, Mexico; Huntsville, AL; Penang, Malaysia; Nashua, NH; Singapore; Suzhou, China.; and Winona & Rochester, MN.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

BHE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$74.03
Market Cap
$2.66B
P/E (TTM)
109.5
EPS (TTM)
$0.68
Revenue (TTM)
$2.66B
Div Yield
0.92%
ROE
2.2%
Debt/Equity
52W Range
$36 – $100

BHE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $2.66B
10-point trend, +14.5%
2016-12-31 2025-12-31
EPS $0.68
10-point trend, -46.9%
2016-12-31 2025-12-31
Free Cash Flow $88M
10-point trend, -63.5%
2016-12-31 2025-12-31
Margins 0.93%
10-point trend, +10.0%
2016-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
BHE
Peer Median
P/E (TTM)
5-point trend, +129.7%
109.5
54.2
P/S (TTM)
5-point trend, +35.6%
1.0
1.8
P/B
5-point trend, +41.5%
2.4
1.5
Price / FCF
5-point trend, +174.9%
30.1

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
BHE
Peer Median
Gross Margin
5-point trend, +11.3%
10.2%
18.0%
Operating Margin
5-point trend, +21.7%
2.9%
Net Profit Margin
5-point trend, -41.5%
0.93%
0.80%
ROA
5-point trend, -39.8%
1.2%
0.78%
ROE
5-point trend, -38.2%
2.2%
1.1%
ROIC
5-point trend, -35.0%
2.8%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
BHE
Peer Median
Current Ratio
5-point trend, +10.6%
2.3
2.1
Quick Ratio
5-point trend, +17.0%
1.1

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
BHE
Peer Median
Revenue YoY
5-point trend, +17.9%
0.11%
Revenue CAGR 3Y
5-point trend, +17.9%
-2.7%
Revenue CAGR 5Y
5-point trend, +17.9%
5.3%
EPS YoY
5-point trend, -31.3%
-59.0%
Net Income YoY
5-point trend, -30.5%
-59.3%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
BHE
Peer Median
EPS (Diluted)
5-point trend, -31.3%
$0.68

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
BHE
Peer Median
Payout Ratio
5-point trend, +51.1%
98.3%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.92%
Payout Ratio
98.3%
5Y Div CAGR
Ex-dateAmount
June 30, 2026$0.1700
March 31, 2026$0.1700
Dec. 31, 2025$0.1700
Sept. 30, 2025$0.1700
June 30, 2025$0.1700
March 31, 2025$0.1700
Dec. 31, 2024$0.1700
Sept. 30, 2024$0.1700
June 28, 2024$0.1650
March 27, 2024$0.1650
Dec. 28, 2023$0.1650
Sept. 28, 2023$0.1650
June 29, 2023$0.1650
March 30, 2023$0.1650
Dec. 29, 2022$0.1650
Sept. 29, 2022$0.1650
June 29, 2022$0.1650
March 30, 2022$0.1650
Dec. 29, 2021$0.1650
Sept. 29, 2021$0.1650

BHE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 8 analysts
  • Strong Buy 1 12.5%
  • Buy 5 62.5%
  • Hold 2 25.0%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

3 analysts · 2026-08-19
Median target $90.00 +21.6%
Mean target $86.00 +16.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.03%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.75 $0.69 0.06%
March 31, 2026 $0.58 $0.56 0.02%
Dec. 31, 2025 $0.71 $0.65 0.06%
Sept. 30, 2025 $0.62 $0.58 0.04%
June 30, 2025 $0.55 $0.55 0.00%
March 31, 2025 $0.52 $0.51 0.01%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
BHE $1.53B 62.9 0.11% 0.93% 2.2% 10.2%
JBL $22.02B 34.6 3.2% 2.2% 40.4% 8.9%
TTMI $7.36B 42.4 19.0% 6.1% 10.4% 20.7%
SANM $6.09B 25.6 7.4% 3.0% 9.9% 8.8%
PLXS $3.84B 22.9 1.8% 4.3% 12.3% 10.1%
IPGP 98.1 2.7%
CTS $1.23B 19.6 5.2% 12.1% 11.8% 38.4%
KE $466M 28.3 -13.3% 1.1% 3.1% 7.0%
MEI -8.5 -2.8% -3.5% -5.3% 19.8%
OPTX

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16
Annual Income Statement data for BHE
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, -4.9% $2.66B $2.66B $2.84B $2.89B $2.26B $2.05B $2.27B $2.57B $2.45B $2.32B $2.54B $2.80B
Cost of Revenue 12-point trend, -7.3% $2.39B $2.39B $2.57B $2.63B $2.05B $1.88B $2.08B $2.36B $2.23B $2.11B $2.32B $2.58B
Gross Profit 12-point trend, +22.6% $270M $270M $271M $255M $206M $175M $186M $206M $226M $215M $219M $220M
SG&A Expense 12-point trend, +42.1% $160M $149M $147M $150M $137M $122M $127M $128M $130M $113M $107M $112M
Operating Income 12-point trend, -24.1% $76M $109M $110M $90M $53M $25M $29M $59M $77M $77M $93M $100M
Interest Expense 12-point trend, +966.6% $20M $27M $32M $13M $8M $8M $7M $10M $9M $9M $3M $2M
Interest Income 12-point trend, +366.4% $10M $10M $6M $2M $540.0K $1M $4M $7M $5M $2M $1M $2M
Other Non-op 12-point trend, -133.7% $-4M $-9M $-3M $5M $277.0K $-673.0K $2M $628.0K $-2M $-282.0K $-1M $-2M
Pretax Income 12-point trend, -37.6% $62M $84M $81M $84M $45M $17M $27M $56M $71M $69M $90M $99M
Income Tax 12-point trend, +111.0% $37M $23M $12M $16M $10M $3M $4M $33M $103M $5M $-5M $17M
Net Income 12-point trend, -69.4% $25M $61M $69M $68M $36M $14M $23M $23M $-32M $64M $95M $81M
EPS (Basic) 12-point trend, -54.6% $0.69 $1.70 $1.94 $1.94 $1.00 $0.38 $0.61 $0.49 $-0.64 $1.30 $1.85 $1.52
EPS (Diluted) 12-point trend, -54.7% $0.68 $1.66 $1.92 $1.91 $0.99 $0.38 $0.60 $0.49 $-0.64 $1.28 $1.83 $1.50
Shares (Basic) 12-point trend, -33.0% 35,879,000 35,970,000 35,566,000 35,179,000 35,655,000 36,524,000 38,338,000 46,332,000 49,680,000 49,298,000 51,573,000 53,538,000
Shares (Diluted) 12-point trend, -33.1% 36,300,000 36,759,000 35,973,000 35,718,000 36,101,000 36,817,000 38,763,000 46,655,000 49,680,000 49,825,000 52,088,000 54,222,000
EBITDA 12-point trend, -15.6% $124M $156M $155M $134M $97M $74M $77M $110M $127M $131M $143M $147M
Balance Sheet 28
Annual Balance Sheet data for BHE
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -24.6% $322M $315M $277M $207M $272M $391M $348M $458M $743M $681M $466M $427M
Receivables 12-point trend, -24.8% $391M $412M $449M $492M $356M $309M $324M $468M $437M $441M $479M $520M
Inventory 12-point trend, +20.3% $483M $554M $684M $728M $523M $327M $315M $310M $269M $381M $412M $401M
Prepaid Expense 12-point trend, +138.6% $69M $45M $44M $41M $42M $26M $30M $27M $36M $28M $31M $29M
Current Assets 12-point trend, +5.0% $1.45B $1.51B $1.64B $1.65B $1.35B $1.20B $1.20B $1.40B $1.63B $1.53B $1.39B $1.38B
PP&E (Net) 12-point trend, +17.7% $224M $225M $228M $211M $187M $185M $206M $211M $186M $166M $178M $190M
PP&E (Gross) 12-point trend, +35.3% $748M $740M $734M $697M $660M $666M $685M $672M $619M $573M $557M $553M
Accum. Depreciation 12-point trend, +44.6% $524M $515M $506M $486M $473M $480M $479M $461M $432M $406M $379M $363M
Goodwill 12-point trend, +317.9% $192M $192M $192M $192M $192M $192M $192M $192M $192M $192M $199M $46M
Intangibles 12-point trend, +73.6% $39M $44M $51M $58M $64M $70M $76M $84M $91M $96M $107M $22M
Other Non-current Assets 12-point trend, +140.2% $70M $66M $61M $66M $72M $80M $85M $91M $97M $103M $114M $29M
Total Assets 12-point trend, +23.7% $2.07B $2.13B $2.27B $2.23B $1.90B $1.74B $1.76B $1.90B $2.11B $2.01B $1.89B $1.68B
Accounts Payable 12-point trend, +39.1% $403M $354M $367M $424M $427M $282M $303M $422M $363M $326M $251M $290M
Accrued Liabilities 7-point trend, +3.3% $105M $122M $115M $110M $103M $100M $102M · · · · ·
Current Liabilities 12-point trend, +77.0% $636M $649M $714M $749M $654M $481M $459M $537M $478M $412M $333M $359M
Capital Leases 12-point trend, +1015.8% $99M $109M $123M $87M $91M $72M $68M $5M $6M $7M $8M $9M
Deferred Tax 11-point trend, +7513000.00 $8M $4M $0 $495.0K $84.0K $5M $14M $14M $9M $0 · $0
Other Non-current Liabilities 12-point trend, +30.9% $23M $18M $32M $44M $55M $66M $65M $69M $90M $10M $16M $18M
Total Liabilities 3-point trend, +26.2% $972M $1.03B · · · · · · $770M · · ·
Long-term Debt 8-point trend, +42.4% $211M $257M $331M $324M $130M $136M $143M $148M · · · ·
Common Stock 12-point trend, -32.7% $4M $4M $4M $4M $4M $4M $4M $4M $5M $5M $5M $5M
Paid-in Capital 12-point trend, -17.3% $537M $535M $529M $519M $507M $510M $512M $555M $634M $626M $625M $650M
Retained Earnings 12-point trend, -11.8% $568M $587M $561M $520M $480M $492M $516M $584M $708M $748M $705M $644M
Treasury Stock · · · · · · · · · · · $0
AOCI 12-point trend, +5.3% $-9M $-21M $-14M $-16M $-17M $-17M $-17M $-11M $-8M $-14M $-13M $-9M
Stockholders' Equity 12-point trend, -14.7% $1.10B $1.10B $1.08B $1.03B $974M $990M $1.01B $1.13B $1.34B $1.37B $1.32B $1.29B
Liabilities + Equity 12-point trend, +23.7% $2.07B $2.13B $2.27B $2.23B $1.90B $1.74B $1.76B $1.90B $2.11B $2.00B $1.89B $1.68B
Shares Outstanding 12-point trend, -32.7% 35,669,000 35,992,000 35,664,000 35,164,000 35,213,000 36,295,000 36,957,000 41,357,000 49,143,000 49,330,000 50,178,000 52,994,000
Cash Flow 19
Annual Cash Flow data for BHE
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +2.5% $48M $46M $45M $44M $44M $49M $48M $52M $49M $55M $50M $46M
Stock-based Comp 12-point trend, +167.6% $17M $13M $15M $18M $15M $10M $10M $10M $8M $5M $8M $6M
Deferred Tax 12-point trend, -147.7% $-6M $-4M $-13M $-7M $-7M $-7M $-2M $8M $7M $8M $-13M $12M
Amort. of Intangibles 12-point trend, +27.4% $5M $5M $6M $6M $6M $9M $9M $9M $10M $12M $5M $4M
Restructuring 12-point trend, +605.4% $7M $6M $7M $6M $9M $13M $9M $5M $5M $5M $8M $1M
Other Non-cash 12-point trend, +474.6% $40M $72M $64M $-301M $-91M $55M $13M $-16M $112M $141M $7M $-11M
Operating Cash Flow 12-point trend, -8.5% $124M $189M $174M $-177M $-3M $120M $93M $77M $146M $273M $147M $135M
CapEx 12-point trend, -19.4% $36M $31M $73M $43M $39M $35M $33M $63M $51M $30M $37M $44M
Investing Cash Flow 12-point trend, -19.0% $-33M $-33M $-77M $-41M $-42M $-34M $-35M $-69M $-56M $-21M $-267M $-27M
Debt Issued 5-point trend, +494.1% $891M $600M $750M $828M $150M · · · · · · ·
Net Debt Issued 3-point trend, -861.6% $-45M $-74M $6M · · · · · · · · ·
Stock Repurchased 12-point trend, -38.7% $27M $5M $0 $9M $40M $25M $122M $212M $29M $42M $68M $44M
Net Stock Activity 12-point trend, +38.7% $-27M $-5M $0 $-9M $-40M $-25M $-122M $-212M $-29M $-42M $-68M $-44M
Dividends Paid 10-point trend, +24425000.00 $24M $24M $23M $23M $23M $23M $23M $21M $0 $0 · ·
Financing Cash Flow 12-point trend, -325.6% $-106M $-109M $-24M $159M $-74M $-58M $-153M $-291M $-31M $-35M $159M $-25M
Net Change in Cash 12-point trend, -106.9% $-6M $45M $76M $-64M $-124M $32M $-94M $-284M $61M $215M $39M $82M
Taxes Paid 12-point trend, +1042.7% $67M $47M $38M $28M $21M $18M $17M $49M $6M $8M $9M $6M
Free Cash Flow 12-point trend, -4.4% $88M $158M $101M $-221M $-41M $86M $61M $14M $95M $242M $110M $92M
Levered FCF 12-point trend, -11.8% $80M $138M $76M $-231M $-48M $79M $55M $10M $99M $233M $107M $91M
Profitability 8
Annual Profitability data for BHE
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 12-point trend, +29.3% 10.2% 10.2% 9.6% 8.8% 9.1% 8.5% 8.8% 8.6% 9.2% 9.2% 8.6% 7.9%
Operating Margin 12-point trend, -20.1% 2.9% 4.1% 3.9% 3.1% 2.4% 1.2% 1.3% 2.3% 3.2% 3.3% 3.7% 3.6%
Net Margin 12-point trend, -68.5% 0.93% 2.4% 2.3% 2.4% 1.6% 0.68% 1.0% 0.89% -1.3% 2.8% 3.8% 2.9%
Pretax Margin 12-point trend, -35.3% 2.3% 3.2% 2.9% 2.9% 2.0% 0.84% 1.2% 2.2% 2.9% 2.9% 3.5% 3.6%
EBITDA Margin 12-point trend, -11.3% 4.7% 5.9% 5.5% 4.7% 4.3% 3.6% 3.4% 4.3% 5.2% 5.7% 5.6% 5.2%
ROA 12-point trend, -75.6% 1.2% 2.9% 2.9% 3.3% 2.0% 0.80% 1.3% 1.1% -1.6% 3.3% 5.3% 4.8%
ROE 12-point trend, -65.0% 2.2% 5.8% 6.1% 6.8% 3.6% 1.4% 2.2% 1.8% -2.4% 4.8% 7.3% 6.4%
ROIC 12-point trend, -56.4% 2.8% 7.4% 8.1% 7.1% 4.3% 2.1% 2.4% 2.1% -2.6% 5.2% 7.4% 6.4%
Liquidity & Solvency 3
Annual Liquidity & Solvency data for BHE
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, -41.1% 2.3 2.3 2.3 2.2 2.1 2.5 2.6 2.6 3.4 3.7 4.2 3.9
Quick Ratio 12-point trend, -57.5% 1.1 1.1 1.0 0.9 1.0 1.5 1.5 1.7 2.5 2.7 2.8 2.6
Interest Coverage 12-point trend, -92.9% 3.8 4.1 3.4 7.0 6.3 3.0 4.3 5.6 8.4 8.1 31.0 53.0
Efficiency 3
Annual Efficiency data for BHE
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -23.0% 1.3 1.2 1.3 1.4 1.2 1.2 1.2 1.3 1.2 1.2 1.4 1.6
Inventory Turnover 12-point trend, -25.3% 4.6 3.9 3.6 4.2 4.8 5.8 6.6 8.1 5.8 5.3 5.7 6.2
Receivables Turnover 12-point trend, +24.7% 6.6 6.2 6.0 6.8 6.8 6.5 5.7 5.7 5.6 5.0 5.1 5.3
Per Share 6
Annual Per Share data for BHE
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +26.6% $30.83 $30.93 $30.26 $29.19 $27.65 $27.27 $27.46 $27.38 $27.04 $27.68 $26.34 $24.36
Revenue / Share 12-point trend, +42.0% $73.25 $72.26 $78.92 $80.81 $62.47 $55.77 $58.51 $55.01 $49.65 $46.37 $48.78 $51.59
Cash Flow / Share 12-point trend, +35.5% $3.42 $5.15 $4.85 $-4.97 $-0.07 $3.27 $2.40 $1.64 $2.94 $5.47 $2.82 $2.52
Cash / Share 12-point trend, +12.0% $9.03 $8.76 $7.78 $5.90 $7.72 $10.77 $9.40 $11.08 $15.11 $13.81 $9.29 $8.06
Dividend / Share · · · · · · $0 · · · · ·
EPS (TTM) 12-point trend, -54.7% $0.68 $1.66 $1.92 $1.91 $0.99 $0.38 $0.60 $0.49 $-0.64 $1.28 $1.83 $1.50
Growth Rates 10
Annual Growth Rates data for BHE
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -98.9% 0.11% -6.4% -1.6% 28.0% 9.8% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -123.7% -2.7% 5.6% 11.4% · · · · · · · · ·
Revenue CAGR 5Y 5.3% · · · · · · · · · · ·
EPS YoY 5-point trend, -136.8% -59.0% -13.5% 0.52% 92.9% 160.5% · · · · · · ·
EPS CAGR 3Y 3-point trend, -140.7% -29.1% 18.8% 71.6% · · · · · · · · ·
EPS CAGR 5Y 12.3% · · · · · · · · · · ·
Net Income YoY 5-point trend, -138.4% -59.3% -11.3% 1.1% 90.7% 154.5% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -140.9% -28.6% 19.6% 69.9% · · · · · · · · ·
Net Income CAGR 5Y 12.1% · · · · · · · · · · ·
Dividend CAGR 5Y 1.2% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for BHE
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, -4.9% $2.66B $2.66B $2.84B $2.89B $2.26B $2.05B $2.27B $2.57B $2.45B $2.32B $2.54B $2.80B
Net Income TTM 12-point trend, -69.4% $25M $61M $69M $68M $36M $14M $23M $23M $-32M $64M $95M $81M
Market Cap 12-point trend, +13.1% $1.53B $1.63B $986M $939M $954M $980M $1.27B $876M $1.43B $1.50B $1.04B $1.35B
P/E 12-point trend, +270.8% 62.9 27.3 14.4 14.0 27.4 71.1 57.3 43.2 -45.5 23.8 11.3 17.0
P/S 12-point trend, +19.0% 0.6 0.6 0.3 0.3 0.4 0.5 0.6 0.3 0.6 0.6 0.4 0.5
P/B 12-point trend, +32.8% 1.4 1.5 0.9 0.9 1.0 1.0 1.3 0.8 1.1 1.1 0.8 1.0
P / Tangible Book 6-point trend, +30.3% 1.8 1.9 1.2 1.2 1.3 1.3 · · · · · ·
P / Cash Flow 12-point trend, +24.7% 12.3 8.6 5.7 -5.3 -363.9 8.1 13.6 11.4 9.8 5.5 7.1 9.9
P / FCF 12-point trend, +18.4% 17.3 10.3 9.8 -4.3 -23.0 11.4 21.0 63.1 15.0 6.2 9.5 14.6
Dividend Yield 10-point trend, +0.02 1.6% 1.5% 2.4% 2.5% 2.4% 2.4% 1.8% 2.4% 0.00% 0.00% · ·
Earnings Yield 12-point trend, -73.1% 1.6% 3.7% 7.0% 7.2% 3.6% 1.4% 1.8% 2.3% -2.2% 4.2% 8.8% 5.9%
Payout Ratio 8-point trend, +6.8% 98.3% 37.8% 36.5% 33.9% 65.0% 163.9% 99.4% 92.1% · · · ·
Annual Payout 10-point trend, +24425000.00 $24M $24M $23M $23M $23M $23M $23M $21M $0 $0 · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $2.66B$2.66B$2.84B$2.89B$2.26B
Gross Margin % 10.2%10.2%9.6%8.8%9.1%
Operating Margin % 2.9%4.1%3.9%3.1%2.4%
Net Income $25M$61M$69M$68M$36M
Diluted EPS $0.68$1.66$1.92$1.91$0.99
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Current Ratio 2.32.32.32.22.1
Quick Ratio 1.11.11.00.91.0
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $88M$158M$101M$-221M$-41M

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Institutional owners (13F) 351 filers · $2.3B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
96 (+37 vs prior Q) 17 (-8 vs prior Q) 92 (+15 vs prior Q) 101 (+16 vs prior Q) +4.3M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD PORTFOLIO MANAGEMENT LLC $319,394,987 3,237,002 13.65% Shares
DIMENSIONAL FUND ADVISORS LP $211,740,508 2,145,946 9.05% Shares
AMERICAN CENTURY COMPANIES INC $184,555,624 1,870,433 7.89% Shares
EARNEST PARTNERS LLC $161,884,810 1,640,669 6.92% Shares
VANGUARD CAPITAL MANAGEMENT LLC $153,379,654 1,554,471 6.55% Shares
STATE STREET CORP $141,643,935 1,433,075 6.05% Shares
GEODE CAPITAL MANAGEMENT, LLC $91,420,100 926,346 3.91% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $58,361,825 591,485 2.49% Shares
TWO SIGMA INVESTMENTS, LP $48,370,007 490,220 2.07% Shares
Allianz Asset Management GmbH $41,282,837 418,393 1.76% Shares
WELLINGTON MANAGEMENT GROUP LLP $41,126,939 416,813 1.76% Shares
FMR LLC $36,641,065 371,350 1.57% Shares
GOLDMAN SACHS GROUP INC $34,751,969 352,204 1.49% Shares
Tributary Capital Management, LLC $34,039,867 344,987 1.45% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $28,701,228 290,881 1.23% Shares
VANGUARD FIDUCIARY TRUST CO $24,249,435 245,763 1.04% Shares
JENNISON ASSOCIATES LLC $23,814,398 241,354 1.02% Shares
Qube Research & Technologies Ltd $22,703,375 230,094 0.97% Shares
Aristotle Capital Boston, LLC $22,116,091 224,142 0.95% Shares
PRINCIPAL FINANCIAL GROUP INC $20,679,950 209,587 0.88% Shares
OBERWEIS ASSET MANAGEMENT INC/ $19,566,261 198,300 0.84% Shares
Bank of New York Mellon Corp $19,499,264 197,621 0.83% Shares
ENVESTNET ASSET MANAGEMENT INC $18,583,106 188,336 0.79% Shares
MORGAN STANLEY $18,408,084 186,562 0.79% Shares
AMERIPRISE FINANCIAL INC $17,986,829 182,286 0.77% Shares
Empowered Funds, LLC $16,802,613 170,291 0.72% Shares
KENNEDY CAPITAL MANAGEMENT LLC $16,237,431 164,563 0.69% Shares
PRUDENTIAL FINANCIAL INC $14,564,975 147,613 0.62% Shares
MILLENNIUM MANAGEMENT LLC $13,486,117 136,679 0.58% Shares
TUDOR INVESTMENT CORP ET AL $13,208,854 133,869 0.56% Shares
SEGALL BRYANT & HAMILL, LLC $12,268,924 124,343 0.52% Shares
Public Sector Pension Investment Board $12,166,307 123,303 0.52% Shares
PEAK6 LLC $11,840,400 120,000 0.51% Call option
VICTORY CAPITAL MANAGEMENT INC $11,340,439 114,933 0.48% Shares
PEREGRINE CAPITAL MANAGEMENT LLC $11,285,381 114,375 0.48% Shares
Man Group plc $10,651,723 107,953 0.46% Shares
BlackRock, Inc. $10,271,744 104,102 0.44% Shares
NICOLA WEALTH MANAGEMENT LTD. $10,024,872 101,600 0.43% Shares
SG Capital Management LLC $9,611,938 97,415 0.41% Shares
RHUMBLINE ADVISERS $9,573,433 97,025 0.41% Shares
Hillsdale Investment Management Inc. $9,495,014 96,230 0.41% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $9,023,273 91,449 0.39% Shares
BANK OF AMERICA CORP /DE/ $9,002,158 91,235 0.38% Shares
TEACHER RETIREMENT SYSTEM OF TEXAS $8,448,026 85,619 0.36% Shares
Phocas Financial Corp. $7,340,555 74,395 0.31% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $7,288,709 52,085 0.31% Shares
MARTINGALE ASSET MANAGEMENT L P $7,276,716 73,748 0.31% Shares
PDT Partners, LLC $6,955,643 70,494 0.30% Shares
Swiss National Bank $6,887,166 69,800 0.29% Shares
TRUIST FINANCIAL CORP $6,589,716 66,785 0.28% Shares
HEARTLAND ADVISORS INC $6,413,550 65,000 0.27% Shares
LPL Financial LLC $6,123,542 62,061 0.26% Shares
DEUTSCHE BANK AG\ $5,951,676 60,319 0.25% Shares
Jefferies Financial Group Inc. $5,801,796 58,800 0.25% Shares
Balyasny Asset Management L.P. $5,779,891 58,578 0.25% Shares
Boston Partners $5,705,490 57,824 0.24% Shares
Focus Partners Wealth $5,686,613 58,550 0.24% Shares
XTX Topco Ltd $5,612,054 56,877 0.24% Shares
Foundry Partners, LLC $5,513,209 144,970 0.24% Shares
Legal & General Group Plc $5,419,056 54,921 0.23% Shares
Trexquant Investment LP $5,322,161 53,939 0.23% Shares
BNP PARIBAS FINANCIAL MARKETS $4,997,241 50,646 0.21% Shares
BARCLAYS PLC $4,855,847 49,213 0.21% Shares
AQR CAPITAL MANAGEMENT LLC $4,802,937 48,677 0.21% Shares
Informed Momentum Co LLC $4,666,006 47,289 0.20% Shares
LEUTHOLD GROUP, LLC $4,618,841 46,811 0.20% Shares
OSAIC HOLDINGS, INC. $4,292,072 43,500 0.18% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $4,187,259 42,437 0.18% Shares
Brandywine Global Investment Management, LLC $4,024,999 94,130 0.17% Shares
Assenagon Asset Management S.A. $3,777,384 38,283 0.16% Shares
FIRST TRUST ADVISORS LP $3,399,477 34,453 0.15% Shares
Archon Capital Management LLC $3,387,538 34,332 0.14% Shares
WELLS FARGO & COMPANY/MN $3,227,101 32,706 0.14% Shares
ROYCE & ASSOCIATES LP $3,102,382 31,442 0.13% Shares
VOYA INVESTMENT MANAGEMENT LLC $3,053,343 30,945 0.13% Shares
QUADRANT CAPITAL GROUP LLC $3,007,462 30,480 0.13% Shares
LAZARD ASSET MANAGEMENT LLC $2,955,857 29,957 0.13% Shares
RENAISSANCE TECHNOLOGIES LLC $2,888,367 29,273 0.12% Shares
Connor, Clark & Lunn Investment Management Ltd. $2,849,392 28,878 0.12% Shares
SIMPLEX TRADING, LLC $2,845,642 28,840 0.12% Shares
TWO SIGMA ADVISERS, LP $2,817,884 65,900 0.12% Shares
WEDGE CAPITAL MANAGEMENT L L P/NC $2,807,541 50,081 0.12% Shares
NISA INVESTMENT ADVISORS, LLC $2,780,270 28,129 0.12% Shares
STEPHENS INC /AR/ $2,761,181 27,984 0.12% Shares
VANGUARD ASSET MANAGEMENT, Ltd $2,744,210 27,812 0.12% Shares
FIFTH THIRD BANCORP $2,692,026 27,283 0.12% Shares
OPPENHEIMER ASSET MANAGEMENT INC. $2,633,305 26,688 0.11% Shares
Mariner, LLC $2,622,550 26,579 0.11% Shares
NEW YORK STATE COMMON RETIREMENT FUND $2,596,600 26,316 0.11% Shares
JANE STREET GROUP, LLC $2,575,287 26,100 0.11% Call option
AZZAD ASSET MANAGEMENT INC /ADV $2,551,973 25,864 0.11% Shares
Point72 Asset Management, L.P. $2,513,520 25,474 0.11% Shares
ALLIANCEBERNSTEIN L.P. $2,471,966 44,095 0.11% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $2,334,226 41,638 0.10% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $2,224,416 22,544 0.10% Shares
MetLife Investment Management, LLC $2,072,761 21,007 0.09% Shares
Pinnacle Financial Partners, Inc. $2,018,887 20,461 0.09% Shares
JONES FINANCIAL COMPANIES LLLP $1,977,935 21,488 0.08% Shares
Illinois Municipal Retirement Fund $1,895,155 19,207 0.08% Shares
SummerHaven Investment Management, LLC $1,890,123 19,156 0.08% Shares

Company insiders 47 insiders · 23 officers · 28 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
David Moezidis President and CEO Aug. 17, 2026 F 80,995 0 1 $-1,094,625
Jeff Benck CEO Feb. 25, 2026 F 353,677 0 7 $-3,287,505
Paul J Tufano CEO Feb. 20, 2019 M 177,097 0 0 $0
Gayla J Delly President & CEO Aug. 22, 2016 M 257,128 0 0 $0
Bryan Robert Schumaker EVP, Chief Financial Officer Feb. 20, 2026 A 42,561 0 0 $0
Arvind Kamal Interim CFO May 7, 2024 S 20,735 0 0 $0
Roop Kalyan Lakkaraju EVP, Chief Financial Officer Feb. 26, 2024 F 150,716 0 0 $0
Donald Francis Adam Chief Financial Officer July 25, 2017 M 92,706 0 0 $0
David Valkanoff EVP, Chief Operating Officer Aug. 17, 2026 F 59,506 0 0 $0
Michael D. Buseman EVP, Chief Operating Officer Feb. 27, 2023 F 93,093 0 0 $0
Stephen J Beaver SVP, General Counsel and CLO June 11, 2026 S 75,020 0 3 $-2,195,550
Rhonda R Turner SVP, Chief HR Officer May 19, 2026 G 35,667 0 3 $-1,509,224
David Lee Cummings SVP, Chief Commercial Officer Feb. 20, 2026 A 16,487 0 0 $0
Jan M Janick SVP, Chief Technology Officer Nov. 20, 2025 S 53,401 0 2 $-787,694
Robert Crawford SVP, Chief Revenue Officer Feb. 27, 2023 F 50,101 0 0 $0
Lisa K Weeks Vice President March 3, 2020 F 31,230 0 0 $0
Scott M. Hicar Vice President Feb. 20, 2020 A 28,616 0 0 $0
Nathalie Carruthers VP Worldwide Human Resources Sept. 5, 2018 F 11,622 0 0 $0
Scott R Peterson VP & General Counsel Sept. 7, 2017 S 18,893 0 0 $0
Jon J King Executive Vice President April 24, 2017 M 41,720 0 0 $0
Greg W Cominos Executive Vice President Feb. 23, 2017 F 20,747 0 0 $0
Kenneth S Barrow General Counsel March 6, 2014 F 37,327 0 0 $0
Steven A Barton Executive Vice President Dec. 5, 2007 A 5,000 0 0 $0
Mike Slessor Director May 27, 2026 A 4,349 0 0 $0
Lynn A Wentworth Director May 27, 2026 A 28,828 0 0 $0
Douglas Britt Director May 27, 2026 A 20,046 0 0 $0
Kenneth T Lamneck Director May 27, 2026 A 49,511 0 1 $-1,977,192
Glynis Bryan Director May 27, 2026 A 6,937 0 0 $0
David W Scheible Director May 27, 2026 A 64,150 0 1 $-1,954,065
Charles M Swoboda Director May 27, 2026 A 5,715 0 0 $0
Robert K Gifford Director May 13, 2025 A 54,390 0 0 $0
Jeffrey Stephen Mccreary Director Aug. 26, 2024 S 42,027 0 0 $0
Ramesh Gopalakrishnan Director May 21, 2024 A 20,669 0 0 $0
Douglas G Duncan Director May 25, 2022 A 42,232 0 0 $0
Bruce A Carlson Director May 12, 2021 A 28,246 0 0 $0
RAINES MERILEE Director May 12, 2021 A 24,489 0 0 $0
Clay C Williams Director May 16, 2018 A 53,990 0 0 $0
Michael R Dawson Director May 12, 2015 A 37,765 0 0 $0
Bernee Dl Strom Director May 12, 2015 A 36,715 0 0 $0
Peter G Dorflinger Director May 12, 2015 A 69,765 0 0 $0
Cary T Fu Director Dec. 19, 2012 S 329,699 0 0 $0
Laura W Lang Director May 18, 2010 A 6,000 0 0 $0
Donald E Nigbor Director Dec. 5, 2007 A 29,172 0 0 $0
John Cox Director May 17, 2006 A 0 0 $0
John C Custer Director May 12, 2005 A 45,000 0 0 $0
David H Arnold Director Dec. 8, 2003 G 339,846 0 0 $0
Anne De Greef-Safft Aug. 11, 2026 S 0 0 2 $-492,628

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 2 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Engaged Capital Flagship Master Fund, LP, Engaged Capital Flagship Fund, LP, Engaged Capital Flagship Fund, Ltd., Engaged Capital, LLC, Engaged Capital Holdings, LLC, Glenn W. Welling ×4 filings March 8, 2019 Initial filing SEC
MMI Investments, L.P., MCM Management, LLC ×6 filings Feb. 9, 2006 Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 75 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PRN · Invesco Exchange-Traded Fund Trust 1.50% 79,846 SH Aug. 8, 2026 Daily
PSCT · Invesco Exchange-Traded Fund Trust … 1.25% 78,405 SH Aug. 8, 2026 Daily
ROSC · Lattice Strategies Trust 0.84% 5,630 NS April 30, 2026 N-PORT
RZV · Invesco Exchange-Traded Fund Trust 0.46% 17,195 SH Aug. 8, 2026 Daily
AVUV · AMERICAN CENTURY ETF TRUST 0.46% 1,468,835 NS May 31, 2026 N-PORT
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.43% 30,764 NS April 30, 2026 N-PORT
SDVD · First Trust Exchange-Traded Fund IV 0.41% 41,714 NS April 30, 2026 N-PORT
SMDX · Tidal Trust III 0.40% 6,101 NS April 30, 2026 N-PORT
VIOV · VANGUARD ADMIRAL FUNDS 0.38% 76,128 SH Aug. 8, 2026 Daily
SVAL · iShares Trust 0.38% 9,596 SH Aug. 8, 2026 Daily
DWAS · Invesco Exchange-Traded Fund Trust … 0.35% 19,345 SH Aug. 8, 2026 Daily
IJS · iShares Trust 0.32% 319,545 SH Aug. 8, 2026 Daily
AVSC · AMERICAN CENTURY ETF TRUST 0.24% 79,167 NS May 31, 2026 N-PORT
NUSC · Nushares ETF Trust 0.23% 36,634 NS April 30, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.20% 208,357 NS May 31, 2026 N-PORT
VIOO · VANGUARD ADMIRAL FUNDS 0.19% 125,445 SH Aug. 8, 2026 Daily
QVMS · Invesco Exchange-Traded Fund Trust … 0.19% 5,805 SH Aug. 8, 2026 Daily
XJR · iShares Trust 0.19% 4,240 SH Aug. 8, 2026 Daily
GSSC · Goldman Sachs ETF Trust 0.17% 19,356 NS May 31, 2026 N-PORT
RWJ · Invesco Exchange-Traded Fund Trust … 0.17% 42,235 SH Aug. 8, 2026 Daily
DFSV · Dimensional ETF Trust 0.16% 150,019 NS April 30, 2026 N-PORT
IJR · iShares Trust 0.16% 2,187,688 SH Aug. 8, 2026 Daily
DFAT · Dimensional ETF Trust 0.15% 256,603 NS April 30, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.14% 12,341 NS April 30, 2026 N-PORT
SAA · ProShares Trust 0.13% 428 NS May 31, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.12% 35,995 NS April 30, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.12% 16,787 SH Aug. 8, 2026 Daily
AFSM · First Trust Exchange-Traded Fund VI… 0.11% 1,302 NS May 31, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.11% 38,962 SH Aug. 8, 2026 Daily
VFMO · VANGUARD WELLINGTON FUND 0.11% 21,499 SH Aug. 8, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.11% 207,707 SH Aug. 8, 2026 Daily
IWN · iShares Trust 0.10% 182,312 SH Aug. 8, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.10% 17,993 SH Aug. 8, 2026 Daily
OMFS · Invesco Exchange-Traded Self-Indexe… 0.10% 3,388 SH Aug. 8, 2026 Daily
IWM · iShares Trust 0.09% 915,246 SH Aug. 8, 2026 Daily
ESML · iShares Trust 0.09% 31,886 SH Aug. 8, 2026 Daily
RSSL · Global X Funds 0.09% 15,282 NS April 30, 2026 N-PORT
IWO · iShares Trust 0.08% 151,155 SH Aug. 8, 2026 Daily
FYX · First Trust Exchange-Traded AlphaDE… 0.08% 12,350 NS April 30, 2026 N-PORT
ISCG · iShares Trust 0.08% 9,957 SH Aug. 8, 2026 Daily
ITWO · ProShares Trust 0.07% 1,663 NS May 31, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.07% 496,280 SH Aug. 8, 2026 Daily
DFAS · Dimensional ETF Trust 0.07% 114,748 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.06% 170,936 NS May 31, 2026 N-PORT
FTEC · FIDELITY COVINGTON TRUST 0.05% 112,056 NS April 30, 2026 N-PORT
VGT · VANGUARD WORLD FUND 0.05% 903,007 SH Aug. 8, 2026 Daily
UWM · ProShares Trust 0.04% 1,301 NS May 31, 2026 N-PORT
TDVI · First Trust Exchange-Traded Fund IV 0.04% 2,211 NS April 30, 2026 N-PORT
ISCB · iShares Trust 0.04% 1,416 SH Aug. 8, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.04% 411,072 SH Aug. 8, 2026 Daily