15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 4.8% per year over the past 5 years.
Net income has grown faster than revenue (13.0% vs 4.8% per year).
Free cash flow has grown 15.1% per year over the past 5 years.
Financial health
The company holds more cash ($926M) than total debt ($300M).
Total debt has grown slower than revenue (-2.9% vs 4.8% per year).
Operating income covered interest expense 18× in the latest year.
Total debt is 0.6× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$8.1B
$246M
8.8%
4.4%
$473M
$300M
$926M
2024
$7.6B
$223M
8.5%
4.4%
$229M
$300M
$626M
2023
$8.9B
$310M
8.3%
5.1%
$44M
$312M
$668M
2022
$7.9B
$240M
7.9%
4.4%
$192M
$329M
$530M
2021
$6.7B
$250M
7.8%
3.8%
$265M
$312M
$650M
2020
—
$133M
—
—
$235M
$348M
$481M
2019
—
$142M
—
—
$248M
$385M
$455M
2018
—
-$96M
—
—
$38M
$393M
$420M
2017
—
$139M
—
—
$139M
$395M
$407M
2016
—
$188M
—
—
$270M
$437M
$398M
2015
—
$377M
—
—
$56M
$427M
$412M
2014
—
$197M
—
—
—
$534M
$467M
2013
—
$79M
—
—
—
$563M
$403M
2012
—
$180M
—
—
$137M
$837M
$410M
2011
—
$69M
—
—
$127M
$1.2B
$640M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$4.0B
$94M
8.8%
3.9%
$342M
$2.2B
$1.6B
Dec '25
$3.2B
$49M
7.6%
2.3%
$92M
$2.2B
$1.4B
Sep '25
$2.1B
$48M
9.1%
3.7%
$137M
$300M
$926M
Jun '25
$2.0B
$69M
8.9%
4.7%
$164M
$287M
$798M
Mar '25
$2.0B
$64M
8.9%
4.6%
$126M
$291M
$647M
Dec '24
$2.0B
$65M
8.4%
4.4%
$47M
$296M
$642M
Sep '24
$2.0B
$61M
8.5%
4.4%
$29M
$300M
$626M
Jun '24
$1.8B
$52M
8.3%
4.5%
$66M
$300M
$658M
Mar '24
$1.8B
$52M
8.4%
4.1%
$43M
$304M
$651M
Dec '23
$1.9B
$57M
8.6%
4.7%
$92M
$308M
$632M
Sep '23
$2.1B
$62M
8.5%
4.8%
$38M
$312M
$668M
Jul '23
$2.2B
$76M
8.3%
4.9%
$4M
$317M
$657M
Apr '23
$2.3B
$80M
8.2%
5.2%
$2M
$321M
$718M
Dec '22
$2.4B
$92M
8.3%
5.5%
$164000
$325M
$735M
Oct '22
$2.2B
$58M
7.7%
4.6%
$34M
$329M
$530M
Jul '22
$2.0B
$77M
8.0%
4.5%
$64M
$298M
$493M
Apr '22
$1.9B
$49M
7.6%
4.0%
$52M
$303M
$560M
Jan '22
$1.8B
$59M
8.2%
4.6%
$43M
$307M
$628M
Oct '21
—
$56M
—
—
$62M
$312M
$650M
Jul '21
$1.7B
$116M
8.1%
4.4%
$86M
$316M
$624M
Valuation over time
How the market has priced SANM against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 13.6× (Mar '23) to 55.2× (Jun '26).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 1.7× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is SANM growing its revenue and profit?
Over the past 5 years, Sanmina Corp's revenue has grown 4.8% per year, and net income grown 13.0% per year. These are computed facts, not advice.
How much debt does SANM have?
As of FY2025, Sanmina Corp reported $300M of total debt against $926M of cash; operating income covered interest expense 18×.
What is SANM's profit margin?
In FY2025, gross margin was 8.8%, operating margin 4.4%, and net margin 3.0%.
What is SANM's P/E ratio?
As of Jun '26, Sanmina Corp traded at a price-to-earnings ratio of about 55.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.