Benchmark Electronics Inc (BHE)

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.

Ticker
BHE
Exchange
NYSE
Sector
Technology
Industry
Electronic Components
Market cap
$2.16B
52-week range
$41.69 - $100.41

Valuation

Share price
$60.40 (close of Nov 6, 2026)
P/E (TTM)
38.97x
Price to book
1.92x
Price to free cash flow
18.57x
Enterprise value
$2.13B
Book value per share
$31.50

Price performance

PeriodChange
1 day+1.79%
5 days-11.66%
1 month-29.73%
3 months-26.67%
6 months-30.25%
Year to date+41.25%
1 year+33.13%
3 years+146.33%
5 years+130.80%
10 years+139.68%
All time+3,006.29%

Short interest

As of
Oct 15, 2026
Short % of float
4.41%
Shares short
1.32M
Days to cover
4.06
Change since prior report
-6.12%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
2.26%
Return on invested capital
2.79%
Return on assets
1.20%
Return on capital employed
5.30%
Gross margin
9.83%
Net margin
0.90%
EBITDA margin
4.50%
Revenue growth
-0.44%
Net income growth
-59.34%
Free cash flow growth
-44.05%

Cash flow and balance sheet

Free cash flow yield (TTM)
5.39%
Current ratio
1.87x
Net debt to EBITDA
-0.24x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$2.75B
Cost of revenue
$2.39B
Gross profit
$270.06M
EBITDA
$123.68M
Net income
$24.85M
Earnings per share
$0.69
Interest expense
$20.16M
Shares outstanding
35.88M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$2.75B$270.06M$24.85M$0.69
2024-12-31$2.76B$270.02M$61.13M$1.70
2023-12-31$2.97B$271.07M$68.94M$1.94
2022-12-31$3.01B$255.24M$68.23M$1.94
2021-12-31$2.34B$205.90M$35.77M$1.00
2020-12-31$2.13B$175.05M$14.05M$0.38
2019-12-31$2.35B$185.53M$23.43M$0.61
2018-12-31$2.64B$205.84M$22.82M$0.49
2017-12-31$2.45B$225.92M-$31.90M-$0.64
2016-12-31$2.32B$214.69M$63.93M$1.30

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-319.83%0.90%2.26%2.79%
2024-12-319.78%2.21%5.53%5.89%
2023-12-319.13%2.32%6.43%6.38%
2022-12-318.48%2.27%6.72%5.18%
2021-12-318.78%1.53%3.67%3.59%
2020-12-318.22%0.66%1.42%1.80%
2019-12-317.91%1.00%2.31%1.98%
2018-12-317.81%0.87%2.02%2.27%
2017-12-319.20%-1.30%-2.38%2.48%
2016-12-319.24%2.75%4.65%4.46%

Cash and debt by year

Period endCashDebt
2025-12-31$322.06M$210.58M
2024-12-31$315.15M$257.02M
2023-12-31$277.39M$330.60M
2022-12-31$207.43M$324.42M
2021-12-31$271.75M$129.58M
2020-12-31$390.81M$135.72M
2019-12-31$347.56M$142.76M
2018-12-31$458.10M$147.92M
2017-12-31$742.55M$193.41M
2016-12-31$681.43M$211.25M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$88.35M$17.20M
2024-12-31$157.92M$13.37M
2023-12-31$100.81M$15.29M
2022-12-31-$220.82M$18.48M
2021-12-31-$41.42M$15.26M
2020-12-31$85.85M$10.40M
2019-12-31$60.56M$10.19M
2018-12-31$13.88M$10.09M
2017-12-31$95.06M$7.82M
2016-12-31$242.61M$5.32M

Dividend history

Most recent payment
Sep 30, 2026
Paid in the last twelve months
$0.68
Payment dateDividend per share
2026-09-30$0.17
2026-06-30$0.17
2026-03-31$0.17
2025-12-31$0.17
2025-09-30$0.17
2025-06-30$0.17
2025-03-31$0.17
2024-12-31$0.17

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-10-28Sep 2026$0.63
2026-07-29Jun 2026-
2026-04-29Mar 2026-
2026-02-03Dec 2025-
2025-11-04Sep 2025-
2025-07-30Jun 2025-
2025-04-29Mar 2025-
2025-01-29Dec 2024-

Filings and sources

Company website
bench.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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