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

Jabil brought in $29.8B of revenue in fiscal 2025, Sanmina $8.1B in fiscal 2025. Revenue changed by +3.2% at Jabil and +7.4% at Sanmina on the year before, so Sanmina grew faster. Jabil kept 2.2% of its revenue as net profit, Sanmina 3.0%. Free cash flow was $1.2B at Jabil and $473.3M at Sanmina.

Side by side, latest fiscal year

JBLSANM
Fiscal year endedFY2025 (August 31, 2025)FY2025 (September 27, 2025)
Revenue$29.8B$8.1B
Revenue growth+3.2%+7.4%
Net income$657M$245.9M
Net margin2.2%3.0%
Free cash flow$1.2B$473.3M
Free cash flow margin3.9%5.8%
Earnings per share (diluted)$5.92$4.46
Cash$1.9B$926.3M
Debt$2.9B$300.5M
Price to earnings53.550.4
Market value$33.2B$12B
Dividend yieldn/an/a
Rank by revenue in sector#25 of 530 · Technology#64 of 530 · Technology

Over the years

Revenue
JBL FY2018: $22.1BJBL FY2019: $25.3BJBL FY2020: $27.3BJBL FY2021: $29.3BJBL FY2022: $33.5BJBL FY2023: $34.7BJBL FY2024: $28.9BJBL FY2025: $29.8BSANM FY2018: $7.1BSANM FY2019: $8.2BSANM FY2020: $7BSANM FY2021: $6.7BSANM FY2022: $7.9BSANM FY2023: $8.9BSANM FY2024: $7.6BSANM FY2025: $8.1BFY18FY19FY20FY21FY22FY23FY24FY25
JBL $29.8BSANM $8.1B
Net income
JBL FY2018: $86.3MJBL FY2019: $287MJBL FY2020: $54MJBL FY2021: $696MJBL FY2022: $996MJBL FY2023: $818MJBL FY2024: $1.4BJBL FY2025: $657MSANM FY2018: -$95.5MSANM FY2019: $141.5MSANM FY2020: $133.2MSANM FY2021: $249.5MSANM FY2022: $240.4MSANM FY2023: $310MSANM FY2024: $222.5MSANM FY2025: $245.9MFY18FY19FY20FY21FY22FY23FY24FY25
JBL $657MSANM $245.9M
Net margin
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%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
JBL 2.2%SANM 3.0%
Revenue growth
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%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
JBL +3.2%SANM +7.4%
Free cash flow
JBL FY2018: -$2.1BJBL FY2019: $188MJBL FY2020: $274MJBL FY2021: $274MJBL FY2022: $266MJBL FY2023: $704MJBL FY2024: $932MJBL FY2025: $1.2BSANM FY2018: $37.5MSANM FY2019: $248.3MSANM FY2020: $234.6MSANM FY2021: $265MSANM FY2022: $192.2MSANM FY2023: $43.8MSANM FY2024: $229MSANM FY2025: $473.3MFY18FY19FY20FY21FY22FY23FY24FY25
JBL $1.2BSANM $473.3M

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

Questions about Jabil and Sanmina

Which is bigger by revenue, Jabil or Sanmina?

Jabil is bigger by revenue: $29.8B in fiscal 2025, against $8.1B for Sanmina in fiscal 2025.

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

Jabil had a net margin of 2.2% in fiscal 2025; Sanmina had 3.0% in fiscal 2025.

Which grew revenue faster, Jabil or Sanmina?

In their latest fiscal years revenue changed by +3.2% at Jabil 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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