Is the business good?
How good a business is JBL?
Jabil earns 34% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
34%
Return on invested capital · cost of capital 9.0% · 25 points above what the capital costs: growth creates value
- Operating margin
- 4.3%
Operating margin · Electronic Components median 9.6% · 12 months to Q3 2026
- Cash conversion
- 1.51×
Cash conversion · 2.02× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −2.6%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 1.8% |
| FY2021 | 3.6% |
| FY2022 | 4.2% |
| FY2023 | 4.4% |
| FY2024 | 7.0% |
| FY2025 | 4.0% |
Details›
- Gross margin12 months to Q3 2026
- 9.2%
- Operating margin12 months to Q3 2026
- 4.3%
- Net margin12 months to Q3 2026
- 2.6%
- Free cash flow margin
- 3.9%
- R&D as % of revenue
- 0.08%
- Revenue, trailing twelve months
- $33.6B
- Free cash flow, trailing twelve months
- $1.31B
- Net income, trailing twelve months
- $862M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 34%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Electronic Components
Ranks #11 of 23 by Smart Score