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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$8.1B
$246M
8.8%
4.4%
9.7%
4.2%
$473M
$300M
$926M
2024
$7.6B
$223M
8.5%
4.4%
9.4%
4.6%
$229M
$300M
$626M
2023
$8.9B
$310M
8.3%
5.1%
13.4%
6.4%
$44M
$312M
$668M
2022
$7.9B
$240M
7.9%
4.4%
13.2%
5.0%
$192M
$329M
$530M
2021
$6.7B
$250M
7.8%
3.8%
13.5%
5.9%
$265M
$312M
$650M
2020
—
$133M
—
—
8.2%
3.5%
$235M
$348M
$481M
2019
—
$142M
—
—
—
3.6%
$248M
$385M
$455M
2018
—
-$96M
—
—
—
-2.3%
$38M
$393M
$420M
2017
—
$139M
—
—
—
3.6%
$139M
$395M
$407M
2016
—
$188M
—
—
—
5.2%
$270M
$437M
$398M
2015
—
$377M
—
—
—
10.8%
$56M
$427M
$412M
2014
—
$197M
—
—
—
6.0%
—
$534M
$467M
2013
—
$79M
—
—
—
2.6%
—
$563M
$403M
2012
—
$180M
—
—
—
5.7%
$137M
$837M
$410M
2011
—
$69M
—
—
—
2.1%
$127M
$1.2B
$640M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$3.5B
$117M
10.5%
6.4%
4.2%
1.2%
$24M
$2.2B
$1.8B
Mar '26
$4.0B
$94M
8.8%
3.9%
3.6%
1.0%
$342M
$2.2B
$1.6B
Dec '25
$3.2B
$49M
7.6%
2.3%
1.9%
0.5%
$92M
$2.2B
$1.4B
Sep '25
$2.1B
$48M
9.1%
3.7%
1.9%
0.8%
$137M
$300M
$926M
Jun '25
$2.0B
$69M
8.9%
4.7%
2.8%
1.3%
$164M
$287M
$798M
Mar '25
$2.0B
$64M
8.9%
4.6%
2.7%
1.3%
$126M
$291M
$647M
Dec '24
$2.0B
$65M
8.4%
4.4%
2.7%
1.4%
$47M
$296M
$642M
Sep '24
$2.0B
$61M
8.5%
4.4%
2.6%
1.3%
$29M
$300M
$626M
Jun '24
$1.8B
$52M
8.3%
4.5%
2.2%
1.1%
$66M
$300M
$658M
Mar '24
$1.8B
$52M
8.4%
4.1%
2.3%
1.1%
$43M
$304M
$651M
Dec '23
$1.9B
$57M
8.6%
4.7%
2.5%
1.2%
$92M
$308M
$632M
Sep '23
$2.1B
$62M
8.5%
4.8%
2.7%
1.3%
$38M
$312M
$668M
Jul '23
$2.2B
$76M
8.3%
4.9%
3.4%
1.5%
$4M
$317M
$657M
Apr '23
$2.3B
$80M
8.2%
5.2%
3.6%
1.6%
$2M
$321M
$718M
Dec '22
$2.4B
$92M
8.3%
5.5%
4.3%
1.7%
$164000
$325M
$735M
Oct '22
$2.2B
$58M
7.7%
4.6%
3.2%
1.2%
$34M
$329M
$530M
Jul '22
$2.0B
$77M
8.0%
4.5%
4.4%
1.6%
$64M
$298M
$493M
Apr '22
$1.9B
$49M
7.6%
4.0%
2.7%
1.0%
$52M
$303M
$560M
Jan '22
$1.8B
$59M
8.2%
4.6%
3.2%
1.3%
$43M
$307M
$628M
Oct '21
—
$56M
—
—
3.0%
1.3%
$62M
$312M
$650M
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 34.7× (Nov '26).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 1.0× (Nov '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'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 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?
Sanmina's P/E (TTM) is 27.69 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SANM stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 34.7× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.