Jabil Inc. JBL

Information TechnologyElectronic Equipment & PartsUnited States of America

Last close 272.72 USD on Nov 1, 2026, +19.7% year to date

Quant rating

Quant rating A Rank 26 of 389 in Information Technology

Growth B 153 of 389
Valuation A 44 of 389
Quality A 38 of 389
Revisions A 56 of 389
Momentum C 221 of 389

Wall Street consensus Buy (1.62)Average target 418.31 USD +53.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 28.1B
Enterprise value: 30.0B
52-week range: 189.90 – 427.18
3-year range: 97.55 – 427.18
Dividend yield: 0.12%
Beta (5 years): 1.34
Shares outstanding: 103M
Next earnings: Dec 15, 2026

About the company

Jabil Inc. provides comprehensive engineering, manufacturing, and supply chain solutions. The Company provides comprehensive electronics design, production, and product management services to companies in various industries and end markets. The Company’s Regulated Industries segment focuses on regulated markets and includes customers primarily in the automotive and transportation, healthcare and packaging, and renewable energy infrastructure industries. Its Intelligent Infrastructure segment is focused on the modern digital ecosystem including artificial intelligence (AI) infrastructure and includes customers primarily in the capital equipment, cloud and data center infrastructure, and networking and communications industries. Its Connected Living and Digital Commerce segment is focused on digitalization and automation, including warehouse automation and robotics. The Company is also engaged in drug development and manufacturing solutions.

Growth and profitability fiscal year ends August 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	35,954	29,802	28,883	34,702	33,478	–
Revenue growth	20.6%	3.2%	−16.8%	3.7%	14.3%	4.2%
EPS (basic, normalized)	13.09	9.75	8.49	8.63	7.65	–
EPS growth	34.3%	14.8%	−1.6%	12.8%	–	–
Gross margin	9.2%	8.9%	9.3%	8.3%	7.9%	8.7%
Net margin	2.9%	2.2%	4.8%	2.4%	3.0%	3.0%
ROE	66.7%	40.4%	60.3%	30.8%	43.4%	48.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	1,739
Current ratio	0.99x
Long-term debt (mil)	2,880
Net debt (mil)	1,644
Total equity (mil)	1,613
Net debt / equity	1.02x
Net debt / EBITDA	0.62x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	35,954	+20.6%	0.8x	2,661	+14.6%	11.3x	13.09	+34.3%	20.8x
2027	44,767	+24.5%	0.7x	3,494	+31.3%	8.6x	17.68	+35.0%	15.4x
2028	52,194	+16.6%	0.6x	4,182	+19.7%	7.2x	22.17	+25.4%	12.3x
2029	58,436	+12.0%	0.5x	4,860	+16.2%	6.2x	26.89	+21.3%	10.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	44,767	+1.7%	+5.5%	+19.4%	17.68	+2.1%	+5.8%	+21.2%
2028	52,194	+1.5%	+9.0%	+29.7%	22.17	+1.4%	+10.2%	+30.9%
2029	58,436	+1.8%	+2.7%	–	26.89	+3.7%	+1.5%	–

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Sales reported (mil)	6,765	6,964	6,994	6,728	7,828	8,252	8,305	8,282	8,751	10,616
Sales mean (mil)	6,525	6,586	6,608	6,408	7,059	7,588	8,086	7,744	8,605	9,712
Surprise	+3.7%	+5.7%	+5.8%	+5.0%	+10.9%	+8.7%	+2.7%	+6.9%	+1.7%	+9.3%
EPS reported	1.89	2.30	2.00	1.94	2.55	3.29	2.85	2.69	3.16	4.40
EPS mean	1.85	2.22	1.88	1.83	2.31	2.92	2.70	2.51	3.10	4.07
Surprise	+2.1%	+3.6%	+6.5%	+6.2%	+10.4%	+12.6%	+5.6%	+7.3%	+2.0%	+8.2%

Peer comparison Electronic Equipment & Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
JBL Jabil Inc.	28.1B	0.62x	2.9%	17.66x	15.4x	12.3x	8.6x	7.2x
2317 HON HAI PRECISION INDUSTRY CO., LTD.	106.0B	0.09x	2.3%	1.81x	13.0x	10.3x	7.1x	5.8x
APH Amphenol Corp	195.6B	1.84x	18.5%	11.42x	29.8x	22.3x	17.1x	14.1x
GLW Corning Incorporated	106.2B	1.39x	10.2%	8.17x	36.6x	27.3x	19.6x	15.4x
TEL TE Connectivity PLC	61.7B	0.79x	10.7%	4.51x	15.9x	14.0x	10.9x	10.0x
CLS Celestica Inc.	33.3B	−3.10x	6.7%	5.36x	23.1x	12.1x	15.7x	7.8x
Mean		0.27x	8.6%	8.16x	22.3x	16.4x	13.2x	10.1x
Median		0.70x	8.5%	6.77x	19.5x	13.2x	13.3x	8.9x

Technical analysis

1M−14.5%
3M−10.0%
1Y+27.3%
3Y+123.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Jabil Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	35,954	29,802	28,883	34,702	33,478	29,285
Cost of revenue	32,637	27,156	26,207	31,835	30,846	26,854
Gross profit	3,317	2,646	2,676	2,867	2,632	2,431
Selling, general & administrative expenses	1,362	1,122	1,160	1,206	1,154	1,213
Research & development	30.0	26.0	39.0	34.0	33.0	34.0
Depreciation/amortization	89.0	62.0	40.0	33.0	34.0	47.0
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	132	254	−576	57.0	22.0	82.0
Other operating expenses	0	0	0	0	0	0
Operating income	1,704	1,182	2,013	1,537	1,389	1,055
Net interest income (expense)	−296	−193	−173	−206	−146	−122
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	−97.0	−89.0	−69.0	−12.0	11.0
Net income before taxes	1,408	892	1,751	1,262	1,231	944
Provision for taxes	368	235	363	444	235	246
Minority interest	2.0	0	0	0	0	−2.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,042	657	1,388	818	996	696
Extraordinary items	–	–	–	–	–	–
Net income	1,042	657	1,388	818	996	696
EBIT, normalized	1,836	1,444	1,453	1,594	1,411	1,142
EBITDA, normalized	2,517	2,118	2,149	2,518	2,336	2,017
Basic EPS, normalized	13.09	9.75	8.49	8.63	7.65	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Jabil Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	1,739	1,933	2,201	1,804	1,478	1,567
Receivables	7,809	5,096	4,604	4,682	5,191	4,139
Total inventory	7,413	4,681	4,276	5,206	6,128	4,414
Prepaid expenses	4,559	2,010	1,710	1,109	1,111	757
Other current assets	0	0	0	1,929	0	0
Total current assets	21,520	13,720	12,791	14,730	13,908	10,877
Property, plant & equipment	3,619	3,309	3,384	3,504	4,454	4,465
Goodwill	–	841	661	621	704	715
Intangibles	1,828	273	143	142	158	182
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	468	400	372	427	493	415
Total assets	27,435	18,543	17,351	19,424	19,717	16,654
Liabilities
Accounts payable	14,444	7,937	6,190	5,679	8,006	6,841
Payable/accrued	–	–	–	–	–	–
Accrued expenses	6,730	2,858	2,874	2,820	2,889	2,476
Short-term debt	–	0	0	0	0	0
Current portion of long-term debt	499	698	119	74.0	420	96.0
Other current liabilities	0	2,221	2,599	4,122	2,382	1,270
Total current liabilities	21,673	13,714	11,782	12,695	13,697	10,683
Long-term debt	2,880	2,552	3,115	3,087	2,773	3,101
Minority interest	4.0	4.0	0	1.0	1.0	1.0
Other liabilities	1,265	760	717	775	795	733
Total liabilities	25,822	17,030	15,614	16,558	17,266	14,518
Shareholders' equity
Preferred stock	–	0	–	0	0	0
Common stock	0.3	0.3	0.3	0.3	0.3	0.3
Additional paid-in capital	3,255	3,047	2,841	2,795	2,655	2,533
Retained earnings (accumulated deficit)	7,390	6,382	5,760	4,412	3,638	2,688
Treasury stock	−9,020	−7,899	−6,818	−4,324	−3,800	−3,060
Other equity	−12.3	−17.3	−46.3	−17.3	−42.3	−25.3
Total equity	1,613	1,513	1,737	2,866	2,451	2,136
Total liabilities & shareholders' equity	27,435	18,543	17,351	19,424	19,717	16,654

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Jabil Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	1,040	657	1,388	818	996	698
Depreciation, depletion & amortization	681	674	696	924	925	876
Deferred taxes	−21.0	−124	−64.0	85.0	−13.0	−13.0
Non-cash items	164	246	−776	113	90.0	138
Changes in working capital	138	187	472	−206	−347	−266
Cash from operations	2,002	1,640	1,716	1,734	1,651	1,433
Investing activities
Capital expenditures	−628	−468	−784	−1,030	−1,385	−1,159
Other investing cash flows	−707	−246	2,135	307	527	308
Cash from investing	−1,335	−714	1,351	−723	−858	−851
Financing activities
Financing cash flow items	−23.0	−46.0	−5.0	−6.0	−22.0	−63.0
Cash dividends paid	−35.0	−36.0	−42.0	−45.0	−48.0	−50.0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−808	−1,122	−2,621	−629	−818	−300
Cash from financing	−866	−1,204	−2,668	−680	−888	−413
Foreign exchange effects	5.0	10.0	−2.0	−5.0	6.0	4.0
Net change in cash	−194	−268	397	326	−89.0	173
Free cash flow	1,374	1,172	932	704	266	274

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.