Plexus Corp. — Earnings Quality Grade C
PLXS · Technology
Some red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 59 days, change +2 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 1.8%, CFFO -42.9%. Cash follows revenue
Expense Quality
Inventory -6.2% vs COGS 1.2%. Normal
CapEx growth 0.1% vs revenue 1.8%. Normal
SG&A/Gross Profit = 49.1%. Normal
Gross margin 10.1%, change +0.5pp. Stable
Cash Flow Quality
CFFO/NI = 1.44. Profits backed by cash
FCF $0.2B, FCF/NI = 0.89
Accruals ratio = -2.4%. Low accruals
Cash $0.3B covers debt $0.2B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 0.6x. Healthy
Other assets 2.8% vs revenue 1.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -2.47 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25