JBL

JABIL INC

Technology • CIK: 0000898293

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Market Cap
$29.12B
P/E (TTM)
36.1x
Rev Growth (TTM)
+19.0%
Net Margin (TTM)
2.5%
FCF Yield (TTM)
4.4%
FCF Margin (TTM)
3.9%

LATEST EARNINGS

Q2 FY2026
2 months ago
View source
Revenue
$8.28B
+23.1%
Net Income
$222.00M
EPS
$2.08
+96.2%
Gross
9.0% +0.4%
Operating
4.5% +0.9%
Net
2.7% +1.0%
  • Second quarter results were ahead of expectations across revenue, core operating margin, and core EPS.
  • Continued momentum in Intelligent Infrastructure, with robust demand in cloud, data center, networking, and communications.
  • Encouraging improvement in Regulated Industries, with automotive and renewables performing better than anticipated.
  • Raising fiscal 2026 outlook for revenue and core EPS.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$1.3B
Q2 '26
$308M+35%
Q1 '26
$228M-46%
FCF Margin
TTM3.9%
Q2 '263.7%+35%
Sector: 8.5%Below Avg
OCF Margin5.3%
OCF/NI2.14x
CapEx Coverage3.8x
FCF Yield4.4%
FCF Growth (2Y)+21%
Cash Conversion Cycle
7 days
DSO: 46+DIO: 58DPO: 97

Capital Allocation & Returns

Balanced
Total Shareholder YieldTTM
TTM3.4%
Div Yield0.1%
+
Buyback (TTM)3.3%

Balancing returns with reinvestment

Dividend & Payout Metrics
Dividend Yield (TTM)0.1%
FCF Payout Ratio2.7%
Free Cash Flow (TTM)$1.3B
Stock Repurchases (TTM)$964.0M
Capital Return / FCF78.4%
Est. Dividends Paid (TTM)$34.3M
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
23.1%
Moderate
+0.1% YoY+12.9%
P25MedianP75
75th pctl (med: 0.0%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
3.2%
8Q: 2.5%
Asset Turnover
1.73x
8Q: 1.63x
Leverage (1+D/E)
3.88x
D/E: 2.88x
DuPont: 21.4%23.1% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
11.44x
8Q:10.15x
+321.7%
Invested Cap Turn
7.27x
8Q:6.21x
+293.4%
CapEx Intensity
10.1%
8Q:8.6%
CapEx/Depreciation
0.60x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024
Revenue
$32.7B
$8.3B0.3%
$8.3B0.6%
$8.3B5.4%
$7.8B16.3%
$6.7B3.8%
$7.0B0.4%
$7.0B2.9%
$6.8B
Operating Income
$1.4B
$374.0M32.2%
$283.0M16.0%
$337.0M16.4%
$403.0M64.5%
$245.0M24.4%
$197.0M38.1%
$318.0M21.8%
$261.0M
Net Income
$809.0M
$223.0M52.7%
$146.0M33.0%
$218.0M1.8%
$222.0M89.7%
$117.0M17.0%
$100.0M27.5%
$138.0M7.0%
$129.0M
Operating Cash Flow
$1.7B
$411.0M27.2%
$323.0M45.1%
$588.0M44.8%
$406.0M21.6%
$334.0M7.1%
$312.0M41.7%
$535.0M3.9%
$515.0M
Free Cash Flow
$1.3B
$308.0M35.1%
$228.0M45.6%
$419.0M30.9%
$320.0M46.8%
$218.0M1.4%
$215.0M47.7%
$411.0M0.5%
$409.0M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
36.1x
Volatile
8Q: 119.8x+2312%
Valuation Lenses
Earnings
36.1x
vs sector
Cash Flow
23.9x
EV/FCF vs
Growth-Adj
0.5xPEG
Undervalued for growth
Quality-Adj
1.6P/E per %ROIC
ROIC: 23.1%
Shareholder Returns
Dividend
0.1%
Buyback
3.3%
Total Yield
3.4%
Market Cap$29.12B
EV$30.45B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
90/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 10%
58.9%
8Q:
Return on Invested Capital (ROIC)Top 25%
23.1%
8Q:
+12.9%
vs Sector:0.0%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 3.2%
Asset Turnover: 1.73x

Earnings Quality

Cash Conversion

2.14x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin9.0%

Capital Efficiency

Invested Capital Turnover7.27x

Working Capital

Cash Conversion Cycle7 days

Growth Quality & Momentum

Quality Growth
Growth Quality Score
79/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
19.0%
OpInc Growth YoY
52.7%
EPS Growth YoY
72.6%
FCF 3Y CAGR
21.4%

Growth Quality Analysis

Sustainability Index: 7.5/10 - Highly sustainable growth

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
9.0%
Operating
4.3%
Below Avg in sector
Net
2.5%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+1.4 pts
FCF: 3.9% | Net: 2.5%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Leveraged
Net Debt / EBITDA
Net Debt: $2.05B
Interest Coverage
Leverage Metrics
Debt-to-Equity
2.88x
Balance sheet risk & solvency analysis