Fabrinet
FN · NYSETelephone & Telegraph Apparatus · Fiscal year ends Jun 27
Fabrinet reported revenue of $4.6B in the fiscal year ended Jun 2026, up 35.7% from the year before. Operating income was $463M, an operating margin of 10.0%, and net income was $473M. Operating cash flow of $257M less capital expenditure of $253M left free cash flow of $4M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.6B | $2.9B | $3.4B | $4.6B |
| Cost of revenue | $2B | $2.3B | $2.5B | $3B | $4.1B |
| Gross profit | $279M | $336M | $356M | $413M | $557M |
| Selling, general & admin | $74M | $78M | $78M | $87M | $94M |
| Operating income | $205M | $252M | $278M | $324M | $463M |
| Interest expense | $432,000 | $1M | $124,000 | $0 | $84,000 |
| Pre-tax income | $207M | $260M | $311M | $355M | $555M |
| Income tax | $7M | $12M | $15M | $23M | $82M |
| Net income | $200M | $248M | $296M | $333M | $473M |
| Diluted EPS | 5.36 | 6.73 | 8.10 | 9.17 | 13.05 |
| Diluted shares | 37M | 37M | 37M | 36M | 36M |
Balance sheet
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $198M | $231M | $410M | $306M | $347M |
| Receivables | $453M | $532M | $592M | $759M | $1B |
| Inventory | $557M | $520M | $463M | $581M | $1B |
| Current assets | $1.5B | $1.7B | $2B | $2.4B | $3.2B |
| Net PP&E | $292M | $310M | $307M | $381M | $615M |
| Total assets | $1.8B | $2B | $2.3B | $2.8B | $3.9B |
| Deferred revenue | $2M | $3M | $8M | $14M | $4M |
| Current liabilities | $538M | $482M | $558M | $810M | $1.4B |
| Short-term debt | $12M | $12M | $0 | – | – |
| Long-term debt | $15M | $0 | – | – | – |
| Total liabilities | $582M | $511M | $593M | $850M | $1.5B |
| Shareholders' equity | $1.3B | $1.5B | $1.7B | $2B | $2.5B |
Cash flow
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $124M | $213M | $413M | $328M | $257M |
| Capital expenditure | $90M | $61M | $48M | $121M | $253M |
| Free cash flow | $35M | $152M | $366M | $207M | $4M |
| Depreciation & amortisation | $39M | $44M | $49M | $53M | $68M |
| Stock-based compensation | $28M | $28M | $28M | $33M | $35M |
| Share buybacks | $60M | $48M | $39M | $126M | $5M |
Key ratios
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 16.9% | 9.0% | 18.6% | 35.7% |
| Operating income growth (YoY) | – | 23.1% | 10.3% | 16.9% | 42.7% |
| EPS growth (YoY) | – | 25.6% | 20.4% | 13.2% | 42.3% |
| Gross margin | 12.3% | 12.7% | 12.4% | 12.1% | 12.0% |
| Operating margin | 9.0% | 9.5% | 9.6% | 9.5% | 10.0% |
| Net margin | 8.9% | 9.4% | 10.3% | 9.7% | 10.2% |
| Return on equityBlank when equity is negative | 16.0% | 16.9% | 17.0% | 16.8% | 19.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 15.8% | 16.8% | 15.6% | 16.0% | 18.5% |
| Free cash flow margin | 1.5% | 5.7% | 12.7% | 6.1% | 0.1% |
| Cash conversion (CFO ÷ net income) | 0.62x | 0.86x | 1.39x | 0.99x | 0.54x |
| Receivable days | 73 | 73 | 75 | 81 | 80 |
| Inventory days | 103 | 82 | 67 | 71 | 91 |
| Interest cover | 473x | 171x | 2239x | – | 5511x |
| Debt ÷ equity | 0.02x | 0.01x | – | – | – |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$171M | −$219M | – | – | – |
| Current ratio | 2.83x | 3.43x | 3.61x | 3.00x | 2.25x |
Recent filings
More in Telephone & Telegraph Apparatus
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.