BHEBENCHMARK ELECTRONICS INC
Printed Circuit Boards
- Revenue
- $2.7B
- 0.4% YoY
- Operating margin
- 2.8%
- 30% YoY
- EBITDA
- $124M
- 20% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -1.1×
- −$137M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear499% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear41% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear8% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.3B | $3.0B | $3.0B | $2.8B | $2.7B | 0.4% |
| Operating income | $53M | $90M | $110M | $109M | $76M | 30% |
| Net income | $36M | $68M | $69M | $61M | $25M | 59% |
| Operating cash flow | −$3M | −$177M | $174M | $189M | $124M | 34% |
| Capex | $39M | $43M | $73M | $31M | $36M | 14% |
| Stock-based comp | $15M | $18M | $15M | $13M | $17M | 29% |
| Buybacks | $40M | $9M | $0 | $5M | $27M | 426% |
| Dividends | $23M | $23M | $23M | $24M | $24M | 2.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $548K · 1
- Net
- −$548K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 177 | 185 |
| FY2024 | — | — | 149 | 151 |
| FY2023 | — | — | 89 | 120 |
| FY2022 | — | — | 84 | 126 |
| FY2021 | — | — | 83 | 127 |