FNFabrinet
Telephone & Telegraph Apparatus
- Revenue
- $4.6B
- 36% YoY
- Operating margin
- 10.0%
- 5.1% YoY
- EBITDA
- $531M
- 41% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.6×
- −$325M net debt
- AI in 10-K
- —
Red flags 1 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 cashFired54% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear14% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.3B | $2.6B | $2.9B | $3.4B | $4.6B | 36% |
| Operating income | $205M | $252M | $278M | $324M | $463M | 43% |
| Net income | $200M | $248M | $296M | $333M | $473M | 42% |
| Operating cash flow | $124M | $213M | $413M | $328M | $257M | 22% |
| Capex | $90M | $61M | $48M | $121M | $253M | 109% |
| Stock-based comp | $28M | $28M | $28M | $33M | $35M | 4.9% |
| Buybacks | $60M | $48M | $39M | $126M | $5M | 96% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $14M | $31M | 551 | 105 |
| FY2025 | $12M | $14M | 310 | 95 |
| FY2024 | $11M | $22M | 257 | 74 |
| FY2023 | $11M | $16M | 136 | 75 |
| FY2022 | $10M | $8M | 87 | 75 |