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Celestica vs Sanmina: revenue, profit, margins and growth compared

Celestica brought in $12.4B of revenue in fiscal 2025, Sanmina $8.1B in fiscal 2025. Revenue changed by +28.5% at Celestica and +7.4% at Sanmina on the year before, so Celestica grew faster. Celestica kept 6.7% of its revenue as net profit, Sanmina 3.0%. Free cash flow was $458.3M at Celestica and $473.3M at Sanmina.

Side by side, latest fiscal year

CLSSANM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 27, 2025)
Revenue$12.4B$8.1B
Revenue growth+28.5%+7.4%
Net income$832.5M$245.9M
Net margin6.7%3.0%
Free cash flow$458.3M$473.3M
Free cash flow margin3.7%5.8%
Earnings per share (diluted)$7.16$4.46
Cash$595.6M$926.3M
Debt$776.5M$300.5M
Price to earnings51.050.4
Market value$42B$12B
Dividend yieldn/an/a
Rank by revenue in sector#50 of 530 · Technology#64 of 530 · Technology

Over the years

Revenue
CLS FY2018: $6.6BCLS FY2019: $5.9BCLS FY2020: $5.7BCLS FY2021: $5.6BCLS FY2022: $7.3BCLS FY2023: $8BCLS FY2024: $9.6BCLS FY2025: $12.4BSANM FY2018: $7.1BSANM FY2019: $8.2BSANM FY2020: $7BSANM FY2021: $6.7BSANM FY2022: $7.9BSANM FY2023: $8.9BSANM FY2024: $7.6BSANM FY2025: $8.1BFY18FY19FY20FY21FY22FY23FY24FY25
CLS $12.4BSANM $8.1B
Net income
CLS FY2018: $98.9MCLS FY2019: $70.3MCLS FY2020: $60.6MCLS FY2021: $103.9MCLS FY2022: $180.1MCLS FY2023: $244.4MCLS FY2024: $428MCLS FY2025: $832.5MSANM FY2018: -$95.5MSANM FY2019: $141.5MSANM FY2020: $133.2MSANM FY2021: $249.5MSANM FY2022: $240.4MSANM FY2023: $310MSANM FY2024: $222.5MSANM FY2025: $245.9MFY18FY19FY20FY21FY22FY23FY24FY25
CLS $832.5MSANM $245.9M
Net margin
CLS FY2018: 1.5%CLS FY2019: 1.2%CLS FY2020: 1.1%CLS FY2021: 1.8%CLS FY2022: 2.5%CLS FY2023: 3.1%CLS FY2024: 4.4%CLS FY2025: 6.7%SANM FY2018: -1.3%SANM FY2019: 1.7%SANM FY2020: 1.9%SANM FY2021: 3.7%SANM FY2022: 3.0%SANM FY2023: 3.5%SANM FY2024: 2.9%SANM FY2025: 3.0%FY18FY19FY20FY21FY22FY23FY24FY25
CLS 6.7%SANM 3.0%
Revenue growth
CLS FY2019: -11.2%CLS FY2020: -2.4%CLS FY2021: -2.0%CLS FY2022: +28.7%CLS FY2023: +9.8%CLS FY2024: +21.2%CLS FY2025: +28.5%SANM FY2019: +15.8%SANM FY2020: -15.6%SANM FY2021: -3.0%SANM FY2022: +17.5%SANM FY2023: +12.8%SANM FY2024: -15.3%SANM FY2025: +7.4%FY19FY20FY21FY22FY23FY24FY25
CLS +28.5%SANM +7.4%
Free cash flow
CLS FY2022: $102.1MCLS FY2023: $201.1MCLS FY2024: $303MCLS FY2025: $458.3MSANM FY2018: $37.5MSANM FY2019: $248.3MSANM FY2020: $234.6MSANM FY2021: $265MSANM FY2022: $192.2MSANM FY2023: $43.8MSANM FY2024: $229MSANM FY2025: $473.3MFY18FY19FY20FY21FY22FY23FY24FY25
CLS $458.3MSANM $473.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Celestica and Sanmina

Which is bigger by revenue, Celestica or Sanmina?

Celestica is bigger by revenue: $12.4B in fiscal 2025, against $8.1B for Sanmina in fiscal 2025.

Which keeps more of its revenue as profit, Celestica or Sanmina?

Celestica had a net margin of 6.7% in fiscal 2025; Sanmina had 3.0% in fiscal 2025.

Which grew revenue faster, Celestica or Sanmina?

In their latest fiscal years revenue changed by +28.5% at Celestica and +7.4% at Sanmina.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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