Flex (FLEX) vs Sanmina (SANM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Flex (FLEX) has outperformed Sanmina (SANM) over the past year, gaining 108.8% versus a gain of 74.7%. Over five years, FLEX leads with a +733.1% price change compared with +455.2% for SANM. Flex is the larger company by market cap ($44.09 billion vs $11.76 billion), about 3.7 times the size.
On valuation, Sanmina trades at a lower forward P/E (15.8x vs 16.9x for Flex). Flex converts more of its revenue into profit, with a net margin of 3.2% versus 3.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FLEX | SANM |
|---|---|---|
| Share price | $119.34 | $219.41 |
| Market cap | $44.09B | $11.76B |
| 1-day change | -1.68% | -3.80% |
| YTD return | +97.83% | +46.21% |
| 1-year return | +108.79% | +74.66% |
| 5-year return | +733.07% | +455.19% |
| P/E ratio (TTM) | 46.08 | 39.25 |
| Forward P/E | 16.91 | 15.77 |
| EPS (TTM) | $2.59 | $5.59 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $27.91B | $8.13B |
| Revenue growth (YoY) | +8.14% | +7.40% |
| Net income (latest FY) | $880.00M | $245.89M |
| Gross margin | 9.20% | 8.81% |
| Operating margin | 4.90% | 4.36% |
| Net margin | 3.15% | 3.03% |
| 52-week high | $166.86 | $288.68 |
| 52-week low | $53.07 | $118.10 |
| Distance from 52-week high | -28.48% | -24.00% |
| Analyst consensus | strong_buy | none |
| Avg. price target upside | +34.49% | +18.50% |
| Average volume | 3.65M | 684.12K |
| Shares outstanding | 369.46M | 53.60M |
| Employees | 149,686 | 35,000 |
| Sector | Technology | Technology |
| Industry | Electrical Products | Electrical Products |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Flex is about 3.7 times larger than Sanmina by market value ($44.09B vs $11.76B).
- FLEX has outperformed SANM by 34.1 percentage points over the past year.
About Flex
FLEX stock →Flex Ltd. provides technology innovation, supply chain, and manufacturing solutions to data center, communications, enterprise, consumer, automotive, healthcare, industrial, and power industries in the Americas, Asia, and Europe.
Technology · Electrical Products · 149,686 employees
About Sanmina
SANM stock →Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through two businesses: Integrated Manufacturing Solutions; and Components, Products and Services.
Technology · Electrical Products · 35,000 employees
FLEX vs SANM FAQ
Which is bigger, Flex or Sanmina?
Flex (FLEX) is larger, with a market capitalization of $44.09B compared with $11.76B for Sanmina (SANM).
Which stock has performed better over the past year, FLEX or SANM?
FLEX returned +108.79% over the past 12 months, compared with +74.66% for SANM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FLEX or SANM?
SANM has the lower trailing P/E at 39.3, versus 46.1 for FLEX. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Flex and Sanmina in the same industry?
Yes. Both are classified in the Electrical Products industry within the Technology sector.