FLEX vs TTMI vs BHE Stock Comparison

Flex, Ttm Technologies and Benchmark Electronics Prices as of Oct 27, 2026 Peers: Industry group
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FLEX Flex Ltd.
$83.35 -27.3% 1M +28.9% 1Y
Market cap
$34.04B
P/E
35.0x
Revenue (TTM)
$29.27B
Div. yield
–
Electronic Manufacturing Services Technology
3 wins
TTMI Ttm Technologies Inc
$86.78 -32.8% 1M +47.3% 1Y
Market cap
$9.50B
P/E
40.1x
Revenue (TTM)
$3.38B
Div. yield
–
Electronic Manufacturing Services Technology
5 wins
BHE Benchmark Electronics Inc
$70.75 -14.3% 1M +67.3% 1Y
Market cap
$2.62B
P/E
49.3x
Revenue (TTM)
$2.82B
Div. yield
–
Electronic Manufacturing Services Technology
3 wins

Head to Head

11 decided of 12

Ttm Technologies leads on 5 of the 12 questions below (Ttm Technologies 5, Flex 3, Benchmark Electronics 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFLEXTTMIBHELeader
Larger companyMarket capitalisation $34.04B $9.50B $2.62B FLEX
Cheaper on earningsLower P/E, profitable companies only 35.0x 40.1x 49.3x FLEX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 17.1x 16.4x 24.6x TTMI
Faster revenue growthRevenue growth, trailing twelve months +12.2% +27.6% +8.9% TTMI
More profitableNet margin, trailing twelve months 3.3% 7.0% 1.9% TTMI
Better return on capitalReturn on invested capital 11.3% 10.6% 4.7% FLEX
Less leveragedLower net debt / EBITDA 1.5x 1.0x -0.9x BHE
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +28.9% +47.3% +67.3% BHE
Better 5-year returnAnnualised price return, 5 years +45.2%/yr +46.2%/yr +25.0%/yr TTMI
Less volatileAnnualised volatility, 1 year 69.0% 90.4% 45.7% BHE
Higher overall scoreMean of the five percentile scores vs peers 55/100 60/100 60/100 TTMI

Percentile Scorecard

FLEXTTMIBHE

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

AxisFLEXTTMIBHE
Valuation 64 #41 of 112 52 #54 of 112 81 #22 of 112
Growth 51 #54 of 109 88 #14 of 109 55 #50 of 109
Profitability 55 #47 of 104 61 #41 of 104 52 #51 of 104
Financial Health 19 #94 of 116 37 #74 of 116 48 #61 of 116
Shareholder Returns 88 #11 of 81 – 63 #31 of 81
Overall 55 60 60
  • FLEX ranked among 122 companies in Computer Hardware
  • TTMI ranked among 122 companies in Computer Hardware
  • BHE ranked among 122 companies in Computer Hardware

Price Performance

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

Returns

PeriodFLEXTTMIBHESPY
1 month -27.3%-32.8%-14.3% -0.2%
3 months -26.4%-20.2%-7.9% +3.9%
6 months -4.4%-36.9%+2.8% +8.2%
Year to date +38.0%+25.8%+65.5% +12.9%
1 year +28.9%+47.3%+67.3% +12.3%
3 years +330.1%+653.3%+194.2% +87.4%
3 years, per year +62.7%+96.1%+43.3% +23.3%
5 years +545.1%+566.0%+205.1% +67.9%
5 years, per year +45.2%+46.2%+25.0% +10.9%
10 years +696.8%+536.2%+181.3% +261.1%
10 years, per year +23.1%+20.3%+10.9% +13.7%

Risk

MeasureFLEXTTMIBHESPY
Volatility, 1Y 69.0%90.4%45.7% 12.7%
Downside volatility, 1Y 64.2%97.7%47.6% 12.7%
Beta vs S&P 500, 1Y 3.113.811.99 1.00
Return / volatility, 1Y 0.420.521.47 0.97
Max drawdown, 5Y -52.8%-66.6%-37.2% -25.4%
From 52-week high -48.6%-60.8%-28.3% -1.2%
52-week high $162.07$221.47$98.67 $779.14
52-week low $54.51$58.45$42.15 $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.

MultipleFLEXTTMIBHE
P/E now vs peer median 31.4xmedian 33.2x 38.2xmedian 33.2x 47.8xmedian 33.2x
P/S now vs peer median 1.1xmedian 2.8x 2.7xmedian 2.8x 0.9xmedian 2.8x
EV/EBITDA now vs peer median 21.4xmedian 20.0x 19.6xmedian 20.0x 15.6xmedian 20.0x
P/FCF now vs peer median 37.3xmedian 29.8x -603.8xmedian 29.8x 20.0xmedian 29.8x
P/B now vs peer median 5.6xmedian 3.0x 4.7xmedian 3.0x 2.3xmedian 3.0x
PEG now vs peer median 2.17median 1.17 0.81median 1.17 -6.15median 1.17

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 monthsFLEXTTMIBHE
Revenue $29.27B $3.38B $2.82B
Gross profit $2.74B $715.64M $289.75M
Operating income $1.45B $334.16M $95.93M
Net income $973.00M $236.78M $53.14M
Free cash flow $826.00M -$15.14M $126.98M
R&D – $29.71M –
EPS (diluted) $2.60 $2.20 $1.46
Cash & equivalents $2.84B $507.91M $314.84M
Total debt $5.22B $3.72B $180.98M
Shares (diluted) 374.00M 107.58M 36.40M
Enterprise value $23.50B $7.59B $1.37B

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
MetricFLEXTTMIBHE
P/E 31.4x 38.2x 47.8x
P/FCF 37.3x -603.8x 20.0x
P/Operating cash flow 19.7x 28.3x 14.4x
P/S 1.1x 2.7x 0.9x
P/B 5.6x 4.7x 2.3x
P/Tangible book 6.5x 5.1x 2.3x
EV/EBITDA 21.4x 19.6x 15.6x
EV/EBIT 22.9x 28.8x 25.1x
EV/Revenue 1.1x 2.8x 0.9x
EV/FCF 40.2x -634.6x 19.0x
EV/Operating cash flow 21.2x 29.8x 13.6x
PEG (3Y EPS CAGR) 2.17 0.81 -6.15

Growth

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

Profitability

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

Financial Health

11 metrics
MetricFLEXTTMIBHE
Debt / assets 20.7% 22.0% 8.2%
Debt / equity 0.9x 0.5x 0.2x
Net debt / EBITDA 1.5x 1.0x -0.9x
Debt / FCF 6.3x -64.3x 1.4x
Liabilities / assets 78.2% 56.2% 49.6%
Equity / assets 21.8% 43.8% 50.4%
Interest coverage 6.5x 7.6x 6.0x
Current ratio 1.4x 1.8x 2.0x
Quick ratio 0.6x 1.4x 1.2x
Cash ratio 0.2x 0.4x 0.4x
Altman Z-score 2.66 3.86 3.60

Shareholder Returns

7 metrics
MetricFLEXTTMIBHE
Dividend yield – – 1.0%
Net buyback yield 2.3% – 0.7%
Shareholder yield 2.3% – 1.6%
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.

ConsensusFLEXTTMIBHE
Forward P/E 17.1xFY2026 16.4xFY2026 24.6xFY2026
EPS, next fiscal year $4.88FY2026 $5.29FY2026 $2.88FY2026
EPS growth, next FY +47.9%FY2026 +115.0%FY2026 +20.0%FY2026
EPS growth, the year after +38.7% +53.3% +22.9%
Revenue, next fiscal year $36.41BFY2026 $4.26BFY2026 $3.16BFY2026
Revenue growth, next FY +30.4%FY2026 +46.4%FY2026 +18.8%FY2026
Revenue growth, the year after +29.4% +60.2% +9.5%

Institutional Ownership

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

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.

FLEXTTMIBHE
FLEX 1.00 0.62 0.70
TTMI 0.62 1.00 0.73
BHE 0.70 0.73 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FLEX, TTMI and BHE?

Flex (FLEX) is the largest by market capitalisation: Flex (FLEX) $34.04B, Ttm Technologies (TTMI) $9.50B, Benchmark Electronics (BHE) $2.62B.

Which stock is cheaper, FLEX, TTMI and BHE?

Flex (FLEX) trades on the lowest price-to-earnings ratio (Flex (FLEX) 35.0x, Ttm Technologies (TTMI) 40.1x, Benchmark Electronics (BHE) 49.3x). On next year's consensus earnings, Ttm Technologies (TTMI) is cheapest (Flex (FLEX) 17.1x, Ttm Technologies (TTMI) 16.4x, Benchmark Electronics (BHE) 24.6x). 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: Flex (FLEX) +12.2%, Ttm Technologies (TTMI) +27.6%, Benchmark Electronics (BHE) +8.9%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Benchmark Electronics (BHE) returned the most: Flex (FLEX) +28.9%, Ttm Technologies (TTMI) +47.3%, Benchmark Electronics (BHE) +67.3%. Over five years, Ttm Technologies (TTMI) compounded fastest (Flex (FLEX) +45.2%/yr, Ttm Technologies (TTMI) +46.2%/yr, Benchmark Electronics (BHE) +25.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Benchmark Electronics (BHE) has been the steadiest (Flex (FLEX) 69.0%, Ttm Technologies (TTMI) 90.4%, Benchmark Electronics (BHE) 45.7%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ttm Technologies (TTMI) leads on 5. 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.