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Benchmark Electronics, Inc., together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. It provides design and engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom test and automation equipment design services. The company also offers electronics manufacturing and testing services, such as printed circuit board assembly and test solutions, assembly of subsystems, circuitry and functionality testing of printed assemblies, environmental and stress testing, and component reliability testing; component engineering services; failure analysis; and systems assembly and test development solutions include subsystem and system-level integration, configuration, and testing for various industries, as well as in-circuit test, functional test, defect analysis, environmental stress screening, reliability testing, and custom test solutions. In addition, it provides precision metal machining, complex vertically integrated assemblies, e-beam welding, full electromechanical assembly of machined subsystems, and system integration and test services. Further, the company provides value-added support systems; supply chain management solutions; direct order fulfillment; and aftermarket non-warranty services, including repair, replacement, refurbishment, remanufacturing, exchange, systems upgrade, and spare parts manufacturing throughout a product's life cycle. It serves original equipment manufacturers in the advanced computing and communications, aerospace and defense, industrial, medical, and semiconductor capital equipment industries. The company markets its services and solutions primarily through a direct sales force. Benchmark Electronics, Inc. was founded in 1979 and is headquartered in Tempe, Arizona.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.7B | $129M | $25M | $85M | 2.3% | 0.1% | -59.3% |
| 2024 | $2.7B | $157M | $61M | $156M | 5.5% | -6.4% | -11.3% |
| 2023 | $2.8B | $159M | $69M | $97M | 6.4% | -1.6% | 1.0% |
| 2022 | $2.9B | $141M | $68M | $-224M | 6.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,886.33 | 2,838.98 | 2,656.10 | 2,659.11 |
| Operating Revenue | - | 2,886.33 | 2,838.98 | 2,656.10 | 2,659.11 |
| Cost Of Revenue | - | 2,631.10 | 2,567.91 | 2,386.08 | 2,389.04 |
| Gross Profit | - | 255.24 | 271.07 | 270.02 | 270.06 |
| Operating Expense | - | 156.60 | 153 | 154.28 | 164.48 |
| Selling General And Administration | - | 150.22 | 147.02 | 149.46 | 159.66 |
| Total Expenses | - | 2,787.70 | 2,720.91 | 2,540.36 | 2,553.52 |
| Operating Income | - | 98.64 | 118.07 | 115.75 | 105.59 |
| Total Operating Income As Reported | - | 90.07 | 109.66 | 109.41 | 76.05 |
| EBITDA | - | 141.49 | 158.50 | 156.96 | 129.32 |
| Normalized EBITDA | - | 150.06 | 166.91 | 163.30 | 158.86 |
| EBIT | - | 97.24 | 113.10 | 110.82 | 81.69 |
| Interest Income | - | 1.73 | 6.26 | 10.21 | 9.55 |
| Interest Expense | - | 12.89 | 31.88 | 26.92 | 20.16 |
| Net Interest Income | - | -11.16 | -25.62 | -16.71 | -10.61 |
| Other Non Operating Income Expenses | - | 5.44 | -2.82 | -8.80 | -3.91 |
| Other Income Expense | - | -3.13 | -11.23 | -15.14 | -33.45 |
| Interest Income Non Operating | - | 1.73 | 6.26 | 10.21 | 9.55 |
| Interest Expense Non Operating | - | 12.89 | 31.88 | 26.92 | 20.16 |
| Net Non Operating Interest Income Expense | - | -11.16 | -25.62 | -16.71 | -10.61 |
| Pretax Income | - | 84.34 | 81.22 | 83.90 | 61.53 |
| Tax Provision | - | 16.11 | 12.28 | 22.77 | 36.68 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.64 | -1.27 | -1.72 | -6.20 |
| Net Income Continuous Operations | - | 68.23 | 68.94 | 61.13 | 24.85 |
| Net Income From Continuing And Discontinued Operation | - | 68.23 | 68.94 | 61.13 | 24.85 |
| Net Income From Continuing Operation Net Minority Interest | - | 68.23 | 68.94 | 61.13 | 24.85 |
| Net Income | - | 68.23 | 68.94 | 61.13 | 24.85 |
| Net Income Common Stockholders | - | 68.23 | 68.94 | 61.13 | 24.85 |
| Net Income Including Noncontrolling Interests | - | 68.23 | 68.94 | 61.13 | 24.85 |
| Normalized Income | - | 75.16 | 76.07 | 65.74 | 48.19 |
| Diluted NI Availto Com Stockholders | - | 68.23 | 68.94 | 61.13 | 24.85 |
| Basic Average Shares | - | 35.18 | 35.57 | 35.97 | 35.88 |
| Diluted Average Shares | - | 35.72 | 35.97 | 36.76 | 36.30 |
| Reconciled Depreciation | - | 44.25 | 45.41 | 46.14 | 47.63 |
| Reconciled Cost Of Revenue | - | 2,593.23 | 2,528.48 | 2,344.75 | 2,346.23 |
| Total Unusual Items | - | -8.57 | -8.40 | -6.34 | -29.54 |
| Total Unusual Items Excluding Goodwill | - | -8.57 | -8.40 | -6.34 | -29.54 |
| Special Income Charges | - | -8.57 | -8.40 | -6.34 | -29.54 |
| Other Special Charges | -3.94 | - | - | - | - |
| Restructuring And Mergern Acquisition | - | 8.57 | 8.40 | 6.34 | 29.54 |
| Depreciation Amortization Depletion Income Statement | - | 6.38 | 5.98 | 4.82 | 4.82 |
| Depreciation And Amortization In Income Statement | - | 6.38 | 5.98 | 4.82 | 4.82 |
| Amortization | - | 6.38 | 5.98 | 4.82 | 4.82 |
| Amortization Of Intangibles Income Statement | - | 6.38 | 5.98 | 4.82 | 4.82 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Benchmark Electronics, Inc.this co. | BHE | $3.2B | 127.80↑ premium | 2.89 | 2.3% | 24.46 |
| Sunrun Inc. | RUN | $3.5B | 7.86 | 1.13 | 14.4% | 32.03 |
| OSI Systems, Inc. | OSIS | $3.5B | 23.42 | 3.68 | 15.7% | 15.50 |
| Knowles Corporation | KN | $3.4B | 76.19 | 4.34 | 5.7% | 30.44 |
| Teradata Corporation | TDC | $3.3B |
| - |
| - |
| - |
| - |
| - |
| - |
| 25.25 |
| 14.27 |
| 56.5% |
| 11.38 |
| NCR Atleos Corporation | NATL | $3.3B | 20.14 | 8.10 | 40.2% | 7.75 |
| NetScout Systems, Inc. | NTCT | $3.0B | 31.58 | 1.83 | 5.8% | 13.51 |
| Diebold Nixdorf, Incorporated | DBD | $2.8B | 30.12 | 2.59 | 8.6% | 10.11 |
| Q2 Holdings, Inc. | QTWO | $2.8B | 53.98 | 4.24 | 7.9% | 24.54 |
| Peer Median | - | 27.68 | 3.96 | 11.5% | 14.51 | |