Jabil (JBL)
Information Technology · $32.2B market cap · SEC CIK 0000898293
fundamentals score out of 100
Next reports on Mar 16, 2027, with analysts expecting $3.84 in earnings per share.
The case for JBL
- Revenue growing 17.8% year over year.
- Earnings per share up 55.8%.
- A PEG of 0.67: a P/E of 37.3× is low for EPS growing 56%.
- Price/sales of 1.0× is lower than 96% of Information Technology companies.
The case against
- Pricey at 37.3× earnings, against a long-run market average nearer 20×.
- Net margin of 2.6% leaves very little room for error.
- Current liabilities exceed current assets (ratio 0.98).
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Information Technology companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 60 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 43 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 24 |
| Momentumhow the price has behaved lately | 50 |
| Stabilityhow violently it moves, what it owes and what it pays you | 47 |
- Equity is a sliver of assets, so return on assets stands in for return on equity, and price-to-book and debt-to-equity are left out.
- Each factor except momentum is half fixed thresholds, half rank among the 73 Information Technology companies.
Key numbers
| Price / earnings | 37.3× |
|---|---|
| Price / book | n/m (equity a sliver of assets) |
| Price / sales | 1.0× |
| Revenue growth (YoY) | +17.8% |
| EPS growth (YoY) | +55.8% |
| Gross margin | 9% |
| Operating margin | 4% |
| Net margin | 3% |
| Return on assets | 4.2% (ROE not meaningful: equity a sliver of assets) |
| Debt / equity | n/m (equity a sliver of assets) |
| Current ratio | 0.98 |
| Dividend yield | 0.24% |
| Beta | 1.32 |
| 52-week range | $189.60 – $428.93 |
| Position in that range | 50% of the way up |
| 3-month return | -18.3% |
| 1-year return | +35.4% |
Five years of financials, as filed
Pulled from Jabil's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $29.8B | $28.9B | $34.7B | $33.5B | $29.3B |
| Gross profit | $2.6B | $2.7B | $2.9B | $2.6B | $2.4B |
| Operating income | $1.2B | $2.0B | $1.5B | $1.4B | $1.1B |
| Net income | $657M | $1.4B | $818M | $996M | $696M |
| Operating cash flow | $1.6B | $1.7B | $1.7B | $1.7B | $1.4B |
| Capital expenditure | $468M | $784M | $1.0B | $1.4B | $1.2B |
| Total assets | $19.3B | $17.8B | $19.4B | $20.5B | $17.6B |
| Total liabilities | $17.9B | $16.2B | $16.9B | $18.0B | $15.4B |
| Shareholder equity | $1.3B | $1.6B | $2.5B | $2.5B | $2.2B |
| Cash | $1.6B | $2.1B | $1.6B | $1.2B | $1.2B |
| Long-term debt | $2.4B | $2.9B | $2.9B | $2.6B | $2.4B |
| Free cash flow | $1.2B | $932M | $704M | $266M | $274M |
| Gross margin | 8.9% | 9.3% | 8.3% | 7.9% | 8.1% |
| Operating margin | 4.0% | 7.0% | 4.4% | 4.2% | 3.6% |
| Net margin | 2.2% | 4.8% | 2.4% | 3.0% | 2.4% |
| Diluted shares | 111M | 124M | 136M | 144M | 152M |
Share count is down 27.1% over 4 years. Buybacks have been shrinking the pie.
What Jabil says it does
The Company Jabil is one of the leading providers of engineering, manufacturing, and supply chain solutions. We deliver comprehensive design, production, and product management services to companies across a diverse range of industries and end markets. Our capabilities span the entire product lifecycle—from innovation, design, and planning to fabrication, assembly, and delivery—enabling seamless management of resources and materials across global supply chains. Through these integrated services, we help our customers reduce manufacturing costs, enhance supply chain efficiency, minimize inventory risk, lower transportation expenses, and accelerate product fulfillment. We serve our customers primarily through dedicated business units that combine highly automated, continuous flow manufacturing with advanced electronic design and design for manufacturability. Each business unit team serves as a single point of contact between a customer…
Risk factors JBL lists in its 10-K
- Because we depend on a limited number of customers, a reduction in sales to any one of those customers has and could again cause a significant decline in our revenue
- Customer relationships with emerging companies present more risks than with established companies
- Introducing new business models or programs requiring implementation of new competencies, such as new process technologies and our development of new products or services, has and could affect our operations and financial results
- We compete with numerous other diversified manufacturing service providers, electronic manufacturing services, design providers, and others
- Our business has and could be adversely affected by any delays, or increased costs, resulting from common carrier or transportation issues
- We may not be able to maintain our engineering, technological, and manufacturing expertise
- We depend on attracting and retaining officers, managers, and skilled personnel
- We derive a substantial majority of our revenues from our international operations, which are subject to a number of different risks and often require more management time and expense than our domestic operations
- Energy price increases or shortages may negatively impact our results of operations
- We face risks arising from the restructuring of our operations
- Disruptions to our information systems, including security breaches, losses of data or outages, and other security issues, have and could in the future adversely affect our operations
- If we manufacture products containing design or manufacturing defects, demand for our services may decline, our reputation may be damaged, and we may be subject to liability claims
- Compliance or the failure to comply with current and future environmental, health and safety, product stewardship, and producer responsibility laws or regulations could cause us significant expense
- Our operations result in exposure to intellectual property claims