BHE vs TTMI vs FLEX Stock Comparison

Benchmark Electronics, Ttm Technologies and Flex Prices as of Oct 26, 2026 Peers: Industry group
BHE Benchmark Electronics Inc
$66.94 -18.9% 1M +57.7% 1Y
Market cap
$2.54B
P/E
47.8x
Revenue (TTM)
$2.82B
Div. yield
–
Electronic Manufacturing Services Technology
4 wins
TTMI Ttm Technologies Inc
$85.50 -33.8% 1M +45.5% 1Y
Market cap
$9.06B
P/E
38.3x
Revenue (TTM)
$3.38B
Div. yield
–
Electronic Manufacturing Services Technology
3 wins
FLEX Flex Ltd.
$76.99 -32.9% 1M +19.8% 1Y
Market cap
$30.60B
P/E
31.5x
Revenue (TTM)
$29.27B
Div. yield
–
Electronic Manufacturing Services Technology
4 wins

Head to Head

11 decided of 12

Flex leads on 4 of the 12 questions below (Flex 4, Benchmark Electronics 4, Ttm Technologies 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBHETTMIFLEXLeader
Larger companyMarket capitalisation $2.54B $9.06B $30.60B FLEX
Cheaper on earningsLower P/E, profitable companies only 47.8x 38.3x 31.5x FLEX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.2x 16.2x 15.8x FLEX
Faster revenue growthRevenue growth, trailing twelve months +8.9% +27.6% +12.2% TTMI
More profitableNet margin, trailing twelve months 1.9% 7.0% 3.3% TTMI
Better return on capitalReturn on invested capital 4.7% 10.6% 11.3% FLEX
Less leveragedLower net debt / EBITDA -0.9x 1.0x 1.5x BHE
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +57.7% +45.5% +19.8% BHE
Better 5-year returnAnnualised price return, 5 years +21.7%/yr +44.5%/yr +41.1%/yr TTMI
Less volatileAnnualised volatility, 1 year 45.4% 90.5% 68.7% BHE
Higher overall scoreMean of the five percentile scores vs peers 60/100 59/100 55/100 BHE

Percentile Scorecard

BHETTMIFLEX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBHETTMIFLEX
Valuation 84 #19 of 111 51 #55 of 111 66 #38 of 111
Growth 53 #51 of 108 88 #14 of 108 49 #56 of 108
Profitability 52 #50 of 104 62 #40 of 104 56 #46 of 104
Financial Health 48 #60 of 115 37 #73 of 115 19 #93 of 115
Shareholder Returns 63 #31 of 81 – 84 #14 of 81
Overall 60 59 55
  • BHE ranked among 121 companies in Computer Hardware
  • TTMI ranked among 121 companies in Computer Hardware
  • FLEX ranked among 121 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBHETTMIFLEXSPY
1 month -18.9%-33.8%-32.9% -0.8%
3 months -15.9%-30.9%-33.7% +3.5%
6 months -3.3%-40.7%-14.5% +7.0%
Year to date +56.5%+23.9%+27.4% +12.2%
1 year +57.7%+45.5%+19.8% +13.0%
3 years +178.3%+642.2%+297.3% +86.3%
3 years, per year +40.7%+95.2%+58.4% +23.1%
5 years +166.6%+528.7%+458.7% +68.6%
5 years, per year +21.7%+44.5%+41.1% +11.0%
10 years +163.5%+652.6%+645.3% +258.0%
10 years, per year +10.2%+22.4%+22.2% +13.6%

Risk

MeasureBHETTMIFLEXSPY
Volatility, 1Y 45.4%90.5%68.7% 12.7%
Downside volatility, 1Y 47.6%97.7%64.2% 12.7%
Beta vs S&P 500, 1Y 1.983.813.09 1.00
Return / volatility, 1Y 1.270.500.29 1.02
Max drawdown, 5Y -37.2%-66.6%-52.8% -25.4%
From 52-week high -32.2%-61.4%-52.5% -1.8%
52-week high $98.67$221.47$162.07 $779.14
52-week low $42.15$58.45$54.51 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBHETTMIFLEX
P/E now vs peer median 45.2xmedian 32.0x 37.7xmedian 32.0x 29.0xmedian 32.0x
P/S now vs peer median 0.9xmedian 2.8x 2.7xmedian 2.8x 1.0xmedian 2.8x
EV/EBITDA now vs peer median 14.7xmedian 19.4x 19.4xmedian 19.4x 19.8xmedian 19.4x
P/FCF now vs peer median 18.9xmedian 29.0x -594.9xmedian 29.0x 34.4xmedian 29.0x
P/B now vs peer median 2.2xmedian 2.9x 4.7xmedian 2.9x 5.2xmedian 2.9x
PEG now vs peer median -5.82median 1.13 0.80median 1.13 2.01median 1.13

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBHETTMIFLEX
Revenue $2.82B $3.38B $29.27B
Gross profit $289.75M $715.64M $2.74B
Operating income $95.93M $334.16M $1.45B
Net income $53.14M $236.78M $973.00M
Free cash flow $126.98M -$15.14M $826.00M
R&D – $29.71M –
EPS (diluted) $1.46 $2.20 $2.60
Cash & equivalents $314.84M $507.91M $2.84B
Total debt $180.98M $3.72B $5.22B
Shares (diluted) 36.40M 107.58M 374.00M
Enterprise value $1.29B $7.15B $20.07B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBHETTMIFLEX
P/E 45.2x 37.7x 29.0x
P/FCF 18.9x -594.9x 34.4x
P/Operating cash flow 13.6x 27.9x 18.2x
P/S 0.9x 2.7x 1.0x
P/B 2.2x 4.7x 5.2x
P/Tangible book 2.2x 5.0x 6.0x
EV/EBITDA 14.7x 19.4x 19.8x
EV/EBIT 23.7x 28.3x 21.3x
EV/Revenue 0.8x 2.8x 1.1x
EV/FCF 17.9x -625.7x 37.3x
EV/Operating cash flow 12.8x 29.3x 19.7x
PEG (3Y EPS CAGR) -5.82 0.80 2.01

Growth

14 metrics
MetricBHETTMIFLEX
Revenue growth (1Y) 8.9% 27.6% 12.2%
Revenue CAGR (3Y) -1.5% 12.3% 1.0%
Gross profit growth (1Y) 10.3% 33.6% 21.3%
Gross profit CAGR (3Y) 2.4% 18.5% 11.7%
Operating income growth (1Y) 7.9% 94.3% 16.2%
Operating income CAGR (3Y) -1.2% 47.1% 14.0%
Net income growth (1Y) 46.7% 154.1% 9.2%
Net income CAGR (3Y) -7.2% 48.5% -2.5%
EPS growth (1Y) 46.2% 147.7% 11.2%
EPS CAGR (3Y) -7.8% 47.2% 14.4%
Operating cash flow growth (1Y) 55.8% 35.5% -0.1%
Operating cash flow CAGR (3Y) 60.0% – 19.4%
Free cash flow growth (1Y) 57.3% -185.8% -25.2%
Free cash flow CAGR (3Y) 41.8% – 54.7%

Profitability

14 metrics
MetricBHETTMIFLEX
Gross margin 10.3% 21.2% 9.4%
EBITDA margin 5.5% 14.5% 5.3%
Operating margin 3.4% 9.9% 5.0%
Pretax margin 3.0% 7.8% 4.4%
Net margin 1.9% 7.0% 3.3%
FCF margin 4.5% -0.4% 2.8%
Operating cash flow margin 6.3% 9.6% 5.3%
Return on equity 4.8% 12.6% 18.3%
Return on assets 2.5% 5.6% 4.1%
Return on invested capital 4.7% 10.6% 11.3%
Return on capital employed 7.1% 11.4% 13.9%
Asset turnover 1.3x 0.8x 1.2x
Cash conversion (OCF / net income) 3.3x 1.4x 1.6x
Stock comp / revenue 0.7% 1.8% –

Financial Health

11 metrics
MetricBHETTMIFLEX
Debt / assets 8.2% 22.0% 20.7%
Debt / equity 0.2x 0.5x 0.9x
Net debt / EBITDA -0.9x 1.0x 1.5x
Debt / FCF 1.4x -64.3x 6.3x
Liabilities / assets 49.6% 56.2% 78.2%
Equity / assets 50.4% 43.8% 21.8%
Interest coverage 6.0x 7.6x 6.5x
Current ratio 2.0x 1.8x 1.4x
Quick ratio 1.2x 1.4x 0.6x
Cash ratio 0.4x 0.4x 0.2x
Altman Z-score 3.53 3.82 2.59

Shareholder Returns

7 metrics
MetricBHETTMIFLEX
Dividend yield 1.0% – –
Net buyback yield 0.7% – 2.5%
Shareholder yield 1.7% – 2.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBHETTMIFLEX
Forward P/E 23.2xFY2026 16.2xFY2026 15.8xFY2026
EPS, next fiscal year $2.88FY2026 $5.29FY2026 $4.88FY2026
EPS growth, next FY +20.0%FY2026 +115.0%FY2026 +47.9%FY2026
EPS growth, the year after +22.9% +53.3% +38.7%
Revenue, next fiscal year $3.16BFY2026 $4.26BFY2026 $36.41BFY2026
Revenue growth, next FY +18.8%FY2026 +46.4%FY2026 +30.4%FY2026
Revenue growth, the year after +9.5% +60.2% +29.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBHETTMIFLEX
Held by institutions 100.0% 92.4% 94.3%
Institutions holding 331 638 1,106
Change in shares held, QoQ -0.2% +0.6% -0.8%
Institutions buying 190 396 674
Institutions selling 106 202 342
Buyers to sellers 1.79 1.96 1.97

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BHETTMIFLEX
BHE 1.00 0.74 0.70
TTMI 0.74 1.00 0.62
FLEX 0.70 0.62 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, BHE, TTMI and FLEX?

Flex (FLEX) is the largest by market capitalisation: Benchmark Electronics (BHE) $2.54B, Ttm Technologies (TTMI) $9.06B, Flex (FLEX) $30.60B.

Which stock is cheaper, BHE, TTMI and FLEX?

Flex (FLEX) trades on the lowest price-to-earnings ratio (Benchmark Electronics (BHE) 47.8x, Ttm Technologies (TTMI) 38.3x, Flex (FLEX) 31.5x). On next year's consensus earnings, Flex (FLEX) is cheapest (Benchmark Electronics (BHE) 23.2x, Ttm Technologies (TTMI) 16.2x, Flex (FLEX) 15.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Ttm Technologies (TTMI) grew revenue fastest over the trailing twelve months: Benchmark Electronics (BHE) +8.9%, Ttm Technologies (TTMI) +27.6%, Flex (FLEX) +12.2%.

Which company is more profitable?

Ttm Technologies (TTMI) has the highest net margin (Benchmark Electronics (BHE) 1.9%, Ttm Technologies (TTMI) 7.0%, Flex (FLEX) 3.3%). On return on invested capital, Flex (FLEX) leads (Benchmark Electronics (BHE) 4.7%, Ttm Technologies (TTMI) 10.6%, Flex (FLEX) 11.3%).

Which stock has performed better?

Over the past year Benchmark Electronics (BHE) returned the most: Benchmark Electronics (BHE) +57.7%, Ttm Technologies (TTMI) +45.5%, Flex (FLEX) +19.8%. Over five years, Ttm Technologies (TTMI) compounded fastest (Benchmark Electronics (BHE) +21.7%/yr, Ttm Technologies (TTMI) +44.5%/yr, Flex (FLEX) +41.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Benchmark Electronics (BHE) has been the steadiest (Benchmark Electronics (BHE) 45.4%, Ttm Technologies (TTMI) 90.5%, Flex (FLEX) 68.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BHE, TTMI and FLEX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Flex (FLEX) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.