Skip to content
ES
MARKETS / NYSE / BHE
NYSE · PRINTED CIRCUIT BOARDS · LARGE CAP

Benchmark Electronics Inc. BHE

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.7B
▲ 0.1% YoY
$24.9M
▼ 59.3% YoY
$88.4M
▼ 44.1% YoY
In brief

What this company does

Benchmark Electronics provides design engineering and advanced manufacturing services, including electronic manufacturing services and precision metal machining services. It serves markets including advanced computing and communication, aerospace and defense, industrial, medical, and semiconductor capital equipment. It has manufacturing facilities in seven countries, with domestic sites in Alabama, Arizona, California, Minnesota, New Hampshire, and Texas, and international sites in China, Malaysia, Mexico, Netherlands, Romania, and Thailand. As of December 31, 2025, it employed approximately 11,840 people, approximately 330 of whom were engaged in design and development engineering. Sales to its ten largest customers represented 51%, 50%, and 52% of its total sales in 2025, 2024, and 2023, respectively, with its largest customer, Applied Materials, Inc. and subsidiaries, accounting for 14% of total sales in both 2025 and 2024 and 12% in 2023. International operations accounted for 64%, 62%, and 58% of its total sales during 2025, 2024, and 2023, respectively. Its customer engagement focuses on two principal areas: Manufacturing Services, including printed circuit board assemblies, systems integration, precision metal machining, and complex electromechanical assembly; and Design & Engineering Services, including turnkey product design, design optimization, and test development.

Written from the business description in BENCHMARK ELECTRONICS INC's annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 2.7B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.7 · Net income 0.0
1B2B2008201120142017202020232025
Compound annual growth
−2.7%
+5.3%
+0.5%
+0.7%
−28.6%
+12.1%
−12.6%
−7.5%
−29.1%
+12.3%
−9.4%
−4.1%
+17.2%
+1.6%
−2.6%
−0.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.3% a year over five years — but profit grew faster: net income at +12.1%, earnings per share at +12.3%.

The share count fell from 0.04B to 0.04B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 2.9% · Net 0.9%
2%4%-2%-4%-6%2008201120142017202020232025
ROE
FY2025 · ROE 2.3%
5%-1%-2%2008201120142017202020232025
Gross margin10.2%
Operating margin2.9%
Net margin0.9%
Return on assets1.2%
EBITDAUSD 123.7M

Each USD of equity produced 2 cents of profit this year.

Cash & shareholders
USD 51.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 88.4
100M200M-80M-160M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 24.4 · Net buybacks 26.8
80M160MDividendsNet buybacks2008201120142017202020232025
Dividends paidUSD 24.4M
Net buybacksUSD 26.8M
Share of profit206.3%
Consecutive raises—

USD 24.4M in dividends and USD 26.8M in buybacks — 206% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.1B
EquityUSD 1.1B
CashUSD 322.1M
Gross debtUSD 210.6M
Net debtUSD -111.5M
Current ratio2.28×

The company holds more cash than debt.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B2.72.72.82.92.32.12.32.62.52.32.52.82.52.52.32.42.12.6
Operating income $B0.10.10.10.10.10.00.00.10.10.10.10.10.10.10.00.10.1−0.2
EBITDA $B0.10.20.20.10.10.10.10.10.10.10.10.10.20.10.10.10.1−0.1
Income tax $B0.00.00.00.00.00.00.00.00.10.0−0.00.00.00.0−0.00.0−0.0−0.0
Net income $B0.00.10.10.10.00.00.00.0−0.00.10.10.10.10.10.10.10.1−0.1
Free cash flow $B0.10.20.1−0.2−0.00.10.10.00.10.20.10.10.10.1−0.0−0.00.10.1
EPS, diluted $0.681.661.921.910.990.380.600.49−0.641.281.831.502.031.000.871.270.82−2.02
Dividend / sh $······0.15···········
Payout %98393434651649992−00········
ROE %2.35.66.56.83.61.42.21.8−2.44.87.36.59.45.04.67.24.9·
Shares out B0.040.040.040.040.040.040.040.040.050.050.050.050.050.060.060.060.06·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPrinted Circuit Boards
Listed onNYSE
Incorporated inTexas
Fiscal year endsDecember 31
Data on record since2008

Share this section

Download image