Jabil Circuit (JBL) financial statements

Technology · Electronic Components · Market cap $30.3B

Jabil Circuit reported revenue of $29.8B in fiscal 2025, up 5.5% a year over 9 years.

Net income was $657M and the operating margin 4.0%, against 2.8% in 2016.

Free cash flow was $1.2B, and the company returned $36M in dividends and $1.0B in net buybacks.

The diluted share count fell 42% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions.

-100102030402016201720182019202020212022202320242025RevenueFree cash flow
Embed this chart

Free to use in articles and newsletters with the source line. Paste this HTML:

Income statement

Fiscal years, from Jabil Circuit's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue$18.4B$19.1B$22.1B$25.3B$27.3B$29.3B$33.5B$34.7B$28.9B$29.8B
Cost of revenue$16.8B$17.5B$20.4B$23.4B$25.3B$26.9B$30.8B$31.8B$26.2B$27.2B
Gross profit$1.5B$1.5B$1.7B$1.9B$1.9B$2.4B$2.6B$2.9B$2.7B$2.6B
Research and development$32M$30M$39M$43M$43M$34M$33M$34M$39M$26M
Selling, general and admin$924M$908M$1.1B$1.1B$1.2B$1.2B$1.2B$1.2B$1.2B$1.1B
Operating income$523M$410M$542M$701M$500M$1.1B$1.4B$1.5B$2.0B$1.2B
Interest expense$137M$138M$149M$188M$174M$130M$151M———
Pre-tax income$387M$256M$373M$451M$261M$944M$1.2B$1.3B$1.8B$892M
Income tax$132M$129M$286M$162M$204M$246M$235M$444M$363M$235M
Net income$254M$129M$86M$287M$54M$696M$996M$818M$1.4B$657M
EPS (diluted)$1.32$0.69$0.49$1.81$0.35$4.58$6.90$6.02$11.17$5.92
Diluted shares193M186M175M159M155M152M144M136M124M111M
Gross margin8.3%8.1%7.7%7.6%7.1%8.1%7.9%8.3%9.3%8.9%
Operating margin2.8%2.2%2.5%2.8%1.8%3.6%4.2%4.4%7.0%4.0%
Net margin1.4%0.7%0.4%1.1%0.2%2.4%3.0%2.4%4.8%2.2%

Balance sheet

Fiscal years, from Jabil Circuit's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments$912M$1.2B$1.3B$1.2B$1.4B$1.6B$1.5B$1.8B$2.2B$1.9B
Receivables—————$3.1B$4.0B$3.6B——
Inventory$2.5B$2.9B$3.5B$3.0B$3.1B$4.4B$6.1B$5.2B$4.3B$4.7B
Total current assets$5.8B$6.6B$7.5B$8.3B$9.1B$10.9B$13.9B$14.7B$12.8B$13.7B
Property, plant and equipment$3.3B$3.2B$3.2B$3.3B$3.7B$4.1B$4.0B$3.1B$3.0B$2.8B
Goodwill$595M$608M$628M$622M$697M$715M$704M$621M$661M$841M
Total assets$10.3B$11.1B$12.0B$13.0B$14.4B$16.7B$19.7B$19.4B$17.4B$18.5B
Total current liabilities$5.6B$6.9B$7.2B$8.5B$9.1B$10.7B$13.7B$12.7B$11.8B$13.7B
Long-term debt$2.1B$1.6B$2.5B$2.1B$2.7B$2.9B$2.6B$2.9B$2.9B$2.4B
Total liabilities$7.9B$8.7B$10.1B$11.1B$12.6B$14.5B$17.3B$16.6B$15.6B$17.0B
Shareholders' equity$2.4B$2.4B$2.0B$1.9B$1.8B$2.1B$2.5B$2.9B$1.7B$1.5B
Net debt$1.2B$860M$1.3B$1.3B$1.3B$1.3B$1.4B$1.1B$679M$952M

Cash flow

Fiscal years, from Jabil Circuit's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow$916M-$1.5B-$1.1B$1.2B$1.3B$1.4B$1.7B$1.7B$1.7B$1.6B
Capital spending$924M$716M$1.0B$1.0B$983M$1.2B$1.4B$1.0B$784M$468M
Free cash flow-$8M-$2.2B-$2.1B$188M$274M$274M$266M$704M$932M$1.2B
Stock-based compensation$59M$49M$99M$61M$83M$102M$81M$95M$89M$107M
Dividends paid$62M$60M$58M$52M$50M$50M$48M$45M$42M$36M
Share buybacks (net)-$148M-$307M-$450M-$350M-$215M-$428M-$696M-$487M-$2.5B-$1.0B
Free cash flow margin-0.0%-11.4%-9.7%0.7%1.0%0.9%0.8%2.0%3.2%3.9%
Dividends per share$0.32$0.32$0.33$0.33$0.32$0.33$0.33$0.33$0.34$0.32
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for JBL.
Open JBL in Investingly

Questions

What was Jabil Circuit's revenue in 2025?

$29.8B in fiscal 2025, from its 10-K filing.

How much free cash flow does Jabil Circuit generate?

$1.2B in fiscal 2025 (operating cash flow minus capital spending).

From Jabil Circuit's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.