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Flex vs Jabil: revenue, profit, margins and growth compared

Flex brought in $27.9B of revenue in fiscal 2026, Jabil $29.8B in fiscal 2025. Revenue changed by +8.1% at Flex and +3.2% at Jabil on the year before, so Flex grew faster. Flex kept 3.2% of its revenue as net profit, Jabil 2.2%. Free cash flow was $1.1B at Flex and $1.2B at Jabil.

Side by side, latest fiscal year

FLEXJBL
Fiscal year endedFY2026 (March 31, 2026)FY2025 (August 31, 2025)
Revenue$27.9B$29.8B
Revenue growth+8.1%+3.2%
Net income$880M$657M
Net margin3.2%2.2%
Free cash flow$1.1B$1.2B
Free cash flow margin3.8%3.9%
Earnings per share (diluted)$2.33$5.92
Cash$2.4B$1.9B
Debt$3.8B$2.9B
Price to earnings49.253.5
Market value$42.4B$33.2B
Dividend yieldn/an/a
Rank by revenue in sector#27 of 530 · Technology#25 of 530 · Technology

Over the years

Revenue
FLEX FY2019: $26.2BFLEX FY2020: $24.2BFLEX FY2021: $24.1BFLEX FY2022: $24.6BFLEX FY2023: $28.5BFLEX FY2024: $26.4BFLEX FY2025: $25.8BFLEX FY2026: $27.9BJBL FY2018: $22.1BJBL FY2019: $25.3BJBL FY2020: $27.3BJBL FY2021: $29.3BJBL FY2022: $33.5BJBL FY2023: $34.7BJBL FY2024: $28.9BJBL FY2025: $29.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FLEX $27.9BJBL $29.8B
Net income
FLEX FY2019: $93MFLEX FY2020: $88MFLEX FY2021: $613MFLEX FY2022: $936MFLEX FY2023: $793MFLEX FY2024: $1BFLEX FY2025: $838MFLEX FY2026: $880MJBL FY2018: $86.3MJBL FY2019: $287MJBL FY2020: $54MJBL FY2021: $696MJBL FY2022: $996MJBL FY2023: $818MJBL FY2024: $1.4BJBL FY2025: $657MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FLEX $880MJBL $657M
Net margin
FLEX FY2019: 0.4%FLEX FY2020: 0.4%FLEX FY2021: 2.5%FLEX FY2022: 3.8%FLEX FY2023: 2.8%FLEX FY2024: 3.8%FLEX FY2025: 3.2%FLEX FY2026: 3.2%JBL FY2018: 0.4%JBL FY2019: 1.1%JBL FY2020: 0.2%JBL FY2021: 2.4%JBL FY2022: 3.0%JBL FY2023: 2.4%JBL FY2024: 4.8%JBL FY2025: 2.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
FLEX 3.2%JBL 2.2%
Revenue growth
FLEX FY2020: -7.6%FLEX FY2021: -0.4%FLEX FY2022: +2.1%FLEX FY2023: +15.7%FLEX FY2024: -7.3%FLEX FY2025: -2.3%FLEX FY2026: +8.1%JBL FY2019: +14.4%JBL FY2020: +7.8%JBL FY2021: +7.4%JBL FY2022: +14.3%JBL FY2023: +3.7%JBL FY2024: -16.8%JBL FY2025: +3.2%FY19FY20FY21FY22FY23FY24FY25FY26
FLEX +8.1%JBL +3.2%
Free cash flow
FLEX FY2019: -$3.7BFLEX FY2020: -$2BFLEX FY2021: -$207MFLEX FY2022: $581MFLEX FY2023: $315MFLEX FY2024: $796MFLEX FY2025: $1.1BFLEX FY2026: $1.1BJBL FY2018: -$2.1BJBL FY2019: $188MJBL FY2020: $274MJBL FY2021: $274MJBL FY2022: $266MJBL FY2023: $704MJBL FY2024: $932MJBL FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FLEX $1.1BJBL $1.2B

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

Questions about Flex and Jabil

Which is bigger by revenue, Flex or Jabil?

Jabil is bigger by revenue: $29.8B in fiscal 2025, against $27.9B for Flex in fiscal 2026.

Which keeps more of its revenue as profit, Flex or Jabil?

Flex had a net margin of 3.2% in fiscal 2026; Jabil had 2.2% in fiscal 2025.

Which grew revenue faster, Flex or Jabil?

In their latest fiscal years revenue changed by +8.1% at Flex and +3.2% at Jabil.

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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