A Business at a Glance
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JABIL INC
JBL
$34.7B
Mkt Cap
$312.59
-2.93%
JABIL INC (JBL) has a current P/E ratio of 48.9, compared to its historical median P/E of 16.8. The stock is currently considered Expensive based on its historical valuation range.
JABIL INC (JBL) has a 5-year average return on invested capital (ROIC) of 33.5%. This indicates strong capital allocation and a potential competitive advantage.
JABIL INC (JBL) has a market capitalization of $33.1B. It is classified as a large-cap stock.
Yes, JABIL INC (JBL) pays a dividend with a trailing twelve-month yield of 0.11%. The company also returns capital through share buybacks, with a buyback yield of 2.91%.
Based on historical P/E analysis, JABIL INC (JBL) appears expensive. The current P/E of 48.9 is 192% above its historical median of 16.8. The estimated fair value CAGR (P/E method) is 42.7%.
JABIL INC (JBL) operates in the Printed Circuit Boards industry, within the Technology sector.
JABIL INC (JBL) reported annual revenue of $29.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Jabil is a leading global provider of engineering, manufacturing, and supply chain solutions serving diverse industries through three reportable segments: Regulated Industries (automotive, transportation, healthcare, packaging, renewables, and energy infrastructure), Intelligent Infrastructure (AI infrastructure, cloud and data center, capital equipment, and networking and communications), and Connected Living and Digital Commerce (warehouse automation, robotics, and retail technology). The company operates a decentralized business unit model where dedicated teams serve individual customers with highly automated, continuous-flow manufacturing combined with comprehensive design services spanning electronic, mechanical, optical, and experience design, as well as industrialization and product verification. Jabil's business model emphasizes asset-light operations with integrated supply chain management, leveraging global manufacturing footprints across the Americas, Europe, and Asia to optimize production locations, reduce costs, and accelerate time-to-market for customers. The company generates revenue through design services, manufacturing, assembly, systems integration, and supply chain management, with unit economics characterized by high-volume, continuous-flow production that benefits from scale efficiencies and procurement leverage. Key competitive advantages include deep customer relationships, global manufacturing flexibility, advanced design capabilities, and integrated supply chain visibility through centralized procurement and enterprise resource planning systems that enable end-to-end traceability and just-in-time delivery.
【AI infrastructure momentum sustained】 Management expects continued strong demand in AI-related infrastructure programs, with AI-related revenue anticipated to grow at a similar percentage rate in fiscal 2027 as fiscal 2026 off a much larger revenue base, supported by new capacity coming online in North Carolina, Memphis, India, and other locations. The company is pursuing margin expansion toward 6% or above in fiscal 2027 through improved mix, continued operational discipline, and better capacity utilization across the global network. Management remains confident in the diversified portfolio strategy, with improving conditions in previously pressured areas such as automotive and transportation and Connected Living and Digital Commerce, while healthcare is expected to be a durable multi-year growth engine driven by drug delivery platforms and chronic disease management programs. The company is prioritizing profitable growth, margin expansion, capital efficiency, and sustained cash generation, with plans to complete the $1 billion share repurchase authorization and maintain strong free cash flow generation while investing in future growth opportunities.
| Metric | Target | Period |
|---|---|---|
| Revenue | approximately $35 billion | FY2026 |
| Core operating margin | approximately 5.8% | FY2026 |
| Core diluted earnings per share | approximately $12.70 | FY2026 |
| Adjusted free cash flow | more than $1.4 billion | FY2026 |
| Q4 FY2026 Revenue | $9.2 billion - $10 billion | Q4 FY2026 |
| Q4 FY2026 Core operating margin | approximately 6.4% | Q4 FY2026 |
| Q4 FY2026 Core diluted earnings per share | $3.80 - $4.20 | Q4 FY2026 |
| AI-related revenue | approximately $13.6 billion | FY2026 |
Revenue (FY2026): “For fiscal 2026, we now expect revenue of approximately $35 billion”
Core operating margin (FY2026): “For fiscal 2026, we now expect revenue of approximately $35 billion, core operating margin of approximately 5.8%”
Core diluted earnings per share (FY2026): “core diluted earnings per share of approximately $12.70”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 32.7B | 29.8B | 28.9B | 34.7B | 33.5B | 29.3B |
| Net Income | 809M | 657M | 1.4B | 818M | 996M | 696M |
| EPS | $7.57 | $5.92 | $11.17 | $6.02 | $6.90 | $4.58 |
| Free Cash Flow | 1.3B | 1.2B | 932M | 704M | 266M | 274M |
| ROIC | 30.6% | 35.7% | 50.2% | 26.6% | 30.9% | 23.8% |
| Gross Margin | 9.0% | 8.9% | 9.3% | 8.3% | 7.9% | 8.1% |
| Debt/Equity | 2.88 | 1.91 | 1.66 | 1.00 | 1.17 | 1.35 |
| Dividends/Share | $0.33 | $0.32 | $0.34 | $0.33 | $0.33 | $0.33 |
| Operating Income | 1.4B | 1.2B | 2.0B | 1.5B | 1.4B | 1.1B |
| Operating Margin | 4.3% | 4.0% | 7.0% | 4.4% | 4.2% | 3.6% |
| ROE | 60.2% | 40.4% | 60.3% | 30.8% | 43.4% | 35.3% |
| Shares Outstanding | 106M | 111M | 124M | 136M | 144M | 152M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 15.8B | 17.9B | 18.4B | 19.1B | 22.1B | 25.3B | 27.3B | 29.3B | 33.5B | 34.7B | 28.9B | 29.8B | 32.7B |
| Gross Margin | 6.5% | 8.4% | 8.3% | 8.1% | 7.7% | 7.6% | 7.1% | 8.1% | 7.9% | 8.3% | 9.3% | 8.9% | 9.0% |
| R&D | 29M | 28M | 32M | 30M | 39M | 43M | 43M | 34M | 33M | 34M | 39M | 26M | 25M |
| SG&A | 676M | 863M | 924M | 908M | 1.1B | 1.1B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B | 1.2B |
| EBIT | 204M | 555M | 523M | 410M | 542M | 701M | 500M | 1.1B | 1.4B | 1.5B | 2.0B | 1.2B | 1.4B |
| Op. Margin | 1.3% | 3.1% | 2.8% | 2.2% | 2.5% | 2.8% | 1.8% | 3.6% | 4.2% | 4.4% | 7.0% | 4.0% | 4.3% |
| Net Income | 241M | 284M | 254M | 129M | 86M | 287M | 54M | 696M | 996M | 818M | 1.4B | 657M | 809M |
| Net Margin | 1.5% | 1.6% | 1.4% | 0.7% | 0.4% | 1.1% | 0.2% | 2.4% | 3.0% | 2.4% | 4.8% | 2.2% | 2.5% |
| Non-Recurring | 87M | 21M | -1.6M | 158M | 37M | 29M | 128M | -4.0M | 18M | 57M | 1.2B | 128M | 134M |
| Returns on Capital | |||||||||||||
| ROIC | 4.0% | 12.6% | 10.3% | 7.2% | 10.9% | 14.0% | 10.0% | 23.8% | 30.9% | 26.6% | 50.2% | 35.7% | 30.6% |
| ROE | 10.5% | 12.5% | 10.7% | 5.4% | 4.0% | 15.0% | 2.9% | 35.3% | 43.4% | 30.8% | 60.3% | 40.4% | 60.2% |
| ROA | 2.7% | 3.1% | 2.6% | 1.2% | 0.7% | 2.3% | 0.4% | 4.5% | 5.5% | 4.2% | 7.5% | 3.7% | 3.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 500M | 1.2B | 916M | -1.5B | -1.1B | 1.2B | 1.3B | 1.4B | 1.7B | 1.7B | 1.7B | 1.6B | 1.7B |
| Free Cash Flow | -124M | 277M | -8.0M | -2.2B | -2.1B | 188M | 274M | 274M | 266M | 704M | 932M | 1.2B | 1.3B |
| Owner Earnings | -22M | 649M | 160M | -2.3B | -2.0B | 360M | 379M | 455M | 682M | 774M | 952M | 924M | 912M |
| CapEx | 624M | 963M | 924M | 716M | 1.0B | 1.0B | 983M | 1.2B | 1.4B | 1.0B | 784M | 468M | 453M |
| Maint. CapEx | 487M | 529M | 697M | 760M | 774M | 772M | 795M | 876M | 925M | 924M | 696M | 674M | 750M |
| Growth CapEx | 137M | 434M | 227M | 0 | 263M | 233M | 188M | 283M | 460M | 106M | 88M | 0 | 0 |
| D&A | 487M | 529M | 697M | 760M | 774M | 772M | 795M | 876M | 925M | 924M | 696M | 674M | 750M |
| CapEx/OCF | 125.1% | 77.6% | 100.9% | 57.0% | N/A | 84.3% | 78.2% | 80.9% | 83.9% | 59.4% | 45.7% | 28.5% | 26.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 68M | 63M | 62M | 60M | 58M | 52M | 50M | 50M | 48M | 45M | 42M | 36M | 35M |
| Dividend Yield | 1.9% | 1.6% | 1.7% | 1.3% | 1.2% | 1.2% | 1.0% | 0.7% | 0.6% | 0.4% | 0.3% | 0.2% | 0.1% |
| Share Buybacks | 260M | 86M | 148M | 307M | 450M | 350M | 215M | 428M | 696M | 487M | 2.5B | 1.0B | 964M |
| Buyback Yield | 6.6% | 2.4% | 3.9% | 5.7% | 9.0% | 8.7% | 4.0% | 4.6% | 7.8% | 3.2% | 18.8% | 4.3% | 2.9% |
| Stock-Based Comp | 34M | 63M | 59M | 49M | 99M | 61M | 83M | 102M | 44M | 36M | 68M | 42M | 66M |
| Debt Repayment | 2.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 684M | 747M | 1.2B | 860M | 1.3B | 1.3B | 1.3B | 1.3B | 1.4B | 1.1B | 679M | 952M | 2.0B |
| Cash & Equiv. | 1.0B | 914M | 912M | 1.2B | 1.3B | 1.2B | 1.4B | 1.6B | 1.5B | 1.8B | 2.2B | 1.9B | 1.8B |
| Long-Term Debt | 1.7B | 1.7B | 2.1B | 1.6B | 2.5B | 2.1B | 2.7B | 2.9B | 2.6B | 2.9B | 2.9B | 2.4B | 3.4B |
| Debt/Equity | 0.75 | 0.72 | 0.87 | 0.87 | 1.29 | 1.32 | 1.51 | 1.35 | 1.17 | 1.00 | 1.66 | 1.91 | 2.88 |
| Interest Coverage | 1.6 | 4.3 | 3.8 | 3.0 | 3.6 | 3.7 | 2.9 | 8.1 | 9.2 | 7.5 | 201.3 | 107.5 | 107.5 |
| Equity | 2.2B | 2.3B | 2.4B | 2.4B | 2.0B | 1.9B | 1.8B | 2.1B | 2.5B | 2.9B | 1.7B | 1.5B | 1.3B |
| Total Assets | 8.5B | 9.6B | 10.3B | 11.1B | 12.0B | 13.0B | 14.4B | 16.7B | 19.7B | 19.4B | 17.4B | 18.5B | 20.6B |
| Total Liabilities | 6.2B | 7.3B | 7.9B | 8.7B | 10.1B | 11.1B | 12.6B | 14.5B | 17.3B | 16.6B | 15.6B | 17.0B | 19.3B |
| Intangibles | 244M | 284M | 297M | 285M | 279M | 257M | 210M | 182M | 158M | 142M | 143M | 273M | 648M |
| Retained Earnings | 1.2B | 1.5B | 1.7B | 1.7B | 1.8B | 2.0B | 2.0B | 2.7B | 3.6B | 4.4B | 5.8B | 6.4B | 6.7B |
| Working Capital | 1.0B | 192M | 280M | -244M | 319M | -187M | 76M | 194M | 211M | 2.0B | 1.0B | 6.0M | 198M |
| Current Assets | 5.4B | 5.9B | 5.8B | 6.6B | 7.5B | 8.3B | 9.1B | 10.9B | 13.9B | 14.7B | 12.8B | 13.7B | 15.0B |
| Current Liabilities | 4.3B | 5.7B | 5.6B | 6.9B | 7.2B | 8.5B | 9.1B | 10.7B | 13.7B | 12.7B | 11.8B | 13.7B | 14.8B |
| Per Share Data | |||||||||||||
| EPS | 1.19 | 1.45 | 1.32 | 0.69 | 0.49 | 1.81 | 0.35 | 4.58 | 6.90 | 6.02 | 11.17 | 5.92 | 7.57 |
| Owner EPS | -0.11 | 3.31 | 0.83 | -12.15 | -11.23 | 2.27 | 2.46 | 2.99 | 4.72 | 5.70 | 7.66 | 8.33 | 8.62 |
| Book Value | 11.06 | 11.82 | 12.67 | 12.58 | 11.07 | 11.90 | 11.74 | 14.06 | 16.98 | 21.09 | 13.98 | 13.63 | 12.70 |
| Cash Flow/Share | 2.46 | 6.33 | 4.76 | -7.83 | -6.27 | 7.52 | 8.15 | 9.43 | 11.44 | 12.76 | 13.81 | 14.78 | 14.73 |
| Dividends/Share | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.33 | 0.32 | 0.33 | 0.33 | 0.33 | 0.34 | 0.32 | 0.33 |
| Shares Out. | 202.8M | 195.9M | 192.5M | 187.1M | 176.2M | 158.6M | 154.3M | 152.0M | 144.3M | 135.9M | 124.3M | 111.0M | 105.8M |
| Valuation | |||||||||||||
| P/E Ratio | 16.3 | 12.4 | 14.9 | 41.7 | 58.0 | 14.0 | 98.3 | 13.3 | 8.9 | 18.6 | 9.6 | 35.4 | 41.3 |
| P/FCF | N/A | 12.7 | N/A | N/A | N/A | 21.4 | 19.4 | 33.9 | 33.4 | 21.6 | 14.3 | 19.9 | 25.9 |
| EV/EBIT | 17.8 | 6.6 | 7.9 | 13.4 | 9.3 | 6.5 | 10.6 | 8.6 | 6.5 | 9.4 | 5.9 | 19.3 | 25.1 |
| Price/Book | 1.8 | 1.5 | 1.6 | 2.3 | 2.6 | 2.1 | 2.9 | 4.3 | 3.6 | 5.3 | 7.7 | 15.4 | 24.6 |
| Price/Sales | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.5 | 0.6 | 1.0 |
| FCF Yield | -3.2% | 7.9% | -0.2% | -40.5% | -42.7% | 4.7% | 5.2% | 3.0% | 3.0% | 4.6% | 7.0% | 5.0% | 3.9% |
| Market Cap | 3.9B | 3.5B | 3.8B | 5.4B | 5.0B | 4.0B | 5.3B | 9.3B | 8.9B | 15.2B | 13.3B | 23.3B | 33.1B |
| Avg. Price | 17.65 | 19.62 | 19.07 | 24.44 | 26.84 | 26.31 | 32.86 | 46.09 | 59.73 | 80.60 | 122.27 | 156.64 | 312.59 |
| Year-End Price | 19.45 | 17.93 | 19.72 | 28.81 | 28.44 | 25.39 | 34.41 | 61.06 | 61.57 | 111.78 | 107.06 | 209.72 | 312.59 |
JABIL INC passes 7 of 9 quality checks, indicating strong fundamentals.
JABIL INC trades at 48.9x trailing earnings, compared to its 15-year median P/E of 16.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 27.9x vs a median of 21.4x. The company's 5-year average ROIC is 33.5% with a gross margin of 8.5%. Total shareholder yield (dividends + buybacks) is 3.0%. At current prices, the estimated annualized return to fair value is +42.7%.
JABIL INC (JBL) has a net profit margin of 2.2%. This is a modest margin.
JABIL INC (JBL) generated $1.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
JABIL INC (JBL) has a debt-to-equity ratio of 1.91. This indicates higher leverage, which may increase financial risk.
JABIL INC (JBL) reported earnings per share (EPS) of $5.92 in its most recent fiscal year.
JABIL INC (JBL) has a return on equity (ROE) of 40.4%. This indicates the company generates strong returns for shareholders.
JABIL INC (JBL) has a 5-year average gross margin of 8.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for JABIL INC (JBL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
JABIL INC (JBL) has a book value per share of $13.63, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued strong demand in AI-related infrastructure programs, with AI-related revenue anticipated to grow at a similar percentage rate in fiscal 2027 as fiscal 2026 off a much larger revenue base, supported by new capacity coming online in North Carolina, Memphis, India, and other locations. The company is pursuing margin expansion toward 6% or above in fiscal 2027 through improved mix, continued operational discipline, and better capacity utilization across the global network. Management remains confident in the diversified portfolio strategy, with improving conditions in previously pressured areas such as automotive and transportation and Connected Living and Digital Commerce, while healthcare is expected to be a durable multi-year growth engine driven by drug delivery platforms and chronic disease management programs. The company is prioritizing profitable growth, margin expansion, capital efficiency, and sustained cash generation, with plans to complete the $1 billion share repurchase authorization and maintain strong free cash flow generation while investing in future growth opportunities.
Based on recent SEC filings and earnings calls, JABIL INC (JBL) has provided the following forward guidance: Revenue: approximately $35 billion (FY2026); Core operating margin: approximately 5.8% (FY2026); Core diluted earnings per share: approximately $12.70 (FY2026); Adjusted free cash flow: more than $1.4 billion (FY2026); Q4 FY2026 Revenue: $9.2 billion - $10 billion (Q4 FY2026), plus 3 additional metrics.
Adjusted free cash flow (FY2026): “adjusted free cash flow of more than $1.4 billion”
Q4 FY2026 Revenue (Q4 FY2026): “At the enterprise level, we expect Q4 revenue to be in the range of $9.2 billion- $10 billion”
Q4 FY2026 Core operating margin (Q4 FY2026): “We expect core operating income to be in the range of $589 million- $649 million, which implies a core operating margin of approximately 6.4% at the midpoint.”
Q4 FY2026 Core diluted earnings per share (Q4 FY2026): “We expect core diluted earnings per share to be in the range of $3.80- $4.20.”
AI-related revenue (FY2026): “We now expect AI-related revenue to be approximately $13.6 billion in fiscal 2026.”