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 |
| 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 |
| Operating Income | - | 98.64 | 118.07 | 115.75 | 105.59 |
| EBITDA | - | 141.49 | 158.50 | 156.96 | 129.32 |
| EBIT | - | 97.24 | 113.10 | 110.82 | 81.69 |
| Pretax Income | - | 84.34 | 81.22 | 83.90 | 61.53 |
| Tax Provision | - | 16.11 | 12.28 | 22.77 | 36.68 |
| Net Income | - | 68.23 | 68.94 | 61.13 | 24.85 |
| Net Income Common Stockholders | - | 68.23 | 68.94 | 61.13 | 24.85 |
| Total Expenses | - | 2,787.70 | 2,720.91 | 2,540.36 | 2,553.52 |
| Interest Expense | - | 12.89 | 31.88 | 26.92 | 20.16 |
| Interest Income | - | 1.73 | 6.26 | 10.21 | 9.55 |
| Selling General And Administration | - | 150.22 | 147.02 | 149.46 | 159.66 |
| Normalized EBITDA | - | 150.06 | 166.91 | 163.30 | 158.86 |
| Normalized Income | - | 75.16 | 76.07 | 65.74 | 48.19 |
| Market Cap | 2,494.17 | 2,494.17 | 2,494.17 | 2,494.17 | 2,494.17 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Benchmark Electronics, Inc.this co. | BHE | $2.5B | 100.36β premium | 2.27 | 2.3% | 19.19 |
| Calix, Inc. | CALX | $2.9B | 154.71 | 3.22 | 2.1% | 68.20 |
| Knowles Corporation | KN | $2.7B | 59.25 | 3.38 | 5.7% | 23.84 |
| Teradata Corporation | TDC | $2.5B | 19.22 | 10.86 | 56.5% | 8.72 |
| Verra Mobility Corporation | VRRM | $2.4B |
| - |
| - |
| - |
| - |
| - |
| - |
| 16.70 |
| 7.79 |
| 46.6% |
| 8.73 |
| Insight Enterprises, Inc. | NSIT | $2.3B | 14.13 | 1.35 | 9.5% | 8.28 |
| ePlus inc. | PLUS | $2.3B | 20.77 | 2.29 | 11.0% | 10.97 |
| Alarm.com Holdings, Inc. | ALRM | $2.2B | 16.67 | 2.61 | 15.6% | 10.06 |
| DXC Technology Company | DXC | $2.1B | 5.18 | 0.62 | 12.0% | 2.16 |
| Peer Median | - | 17.96 | 2.91 | 11.5% | 9.40 | |