BENCHMARK ELECTRONICS INC

BHE · Printed Circuit Boards · 35.9M shares · -2%/yr ↓ buyback · EDGAR filings ↗

Reference price $86.25 · est. market cap ~$3.1B — last insider sale, 2026-06-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

C54

EMS contract manufacturer with razor-thin margins, flat revenue, and an earnings decline this year.

Strengths

Positive free cash flow — FCF $88.4M (48th)
Solid liquidity — current ratio 2.28 (88th), quick ratio 1.52 (77th)

Risks

Razor-thin margins — gross margin 9.8%, net margin 0.9% (11th)
Earnings decline — net income -59.3% (16th)
Component-shortage and customer-demand risk per risk factors — qualitative (per 10-K)

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
Strong balance sheetStrong balance sheet — $322M cash & investments
Notable holderHeld by 4 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, FMR LLC +1 more (as of 2026-03-31)
Insider sellingInsider selling — 11 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$10M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $666M2025-09-30 · $703M2025-12-31 · $726M2026-03-31 · $698M

Last 4 quarters · from SEC filings.

Key metrics

Gross margin

9.8%

Operating margin

2.8%

Net margin

0.9%

Return on equity

2.3%

Return on assets

1.2%

ROIC

4.6%

Revenue growth (QoQ)

-3.9%

Net-income growth

-59.3%

Debt / equity

0.2×

Net debt / EBITDA

-0.9×

Interest coverage

3.8×

Current ratio

2.3×

Free cash flow

$88M

EBITDA

$124M

Tangible book value

$869M

Cash & investments

$322M

Stock comp / revenue

0.6%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-11	Beaver Stephen J	Sell	20K	$86.25
2026-05-27	Britt Douglas	Grant	2.1K	—
2026-05-27	SCHEIBLE DAVID W	Grant	2.1K	—
2026-05-27	BRYAN GLYNIS	Grant	2.1K	—
2026-05-27	Wentworth Lynn A	Grant	2.1K	—
2026-05-27	SWOBODA CHARLES M	Grant	2.1K	—
2026-05-27	SLESSOR MIKE	Grant	2.1K	—
2026-05-27	LAMNECK KENNETH T	Grant	2.1K	—
2026-05-27	De Greef-Safft Anne	Grant	2.1K	—
2026-05-26	Moezidis David	Sell	12K	$87.57
2026-05-19	Turner Rhonda R	Gift	400	—
2026-05-13	SCHEIBLE DAVID W	Sell	23K	$85.00
2026-05-12	LAMNECK KENNETH T	Sell	24K	$81.49
2026-05-06	Turner Rhonda R	Sell	6.6K	$85.14
2026-03-31	Moezidis David	Grant	13K	—
2026-02-25	Turner Rhonda R	Tax withheld	1.0K	$60.36
2026-02-25	Beaver Stephen J	Tax withheld	1.4K	$60.36
2026-02-25	Benck Jeff	Tax withheld	7.8K	$60.36
2026-02-24	Benck Jeff	Sell	9.1K	$60.40
2026-02-23	Beaver Stephen J	Tax withheld	3.9K	$57.80
2026-02-23	Turner Rhonda R	Tax withheld	2.5K	$57.80
2026-02-23	Benck Jeff	Tax withheld	18K	$57.80
2026-02-23	Moezidis David	Tax withheld	3.1K	$57.80
2026-02-23	Valkanoff David	Tax withheld	2.4K	$57.80
2026-02-20	Valkanoff David	Tax withheld	2.4K	$58.38
2026-02-20	Schumaker Bryan Robert	Grant	13K	—
2026-02-20	Schumaker Bryan Robert	Tax withheld	1.3K	$58.38
2026-02-20	Moezidis David	Grant	21K	—
2026-02-20	Moezidis David	Tax withheld	2.4K	$58.38
2026-02-20	Schumaker Bryan Robert	Grant	8.6K	—
2026-02-20	Schumaker Bryan Robert	Grant	13K	—
2026-02-20	Schumaker Bryan Robert	Grant	8.6K	—
2026-02-20	Schumaker Bryan Robert	Tax withheld	1.3K	$58.38
2026-02-20	Valkanoff David	Grant	12K	—
2026-02-20	Valkanoff David	Grant	6.4K	—
2026-02-20	Valkanoff David	Tax withheld	2.4K	$58.38
2026-02-20	Beaver Stephen J	Grant	10K	—
2026-02-20	Beaver Stephen J	Grant	6.4K	—
2026-02-20	Beaver Stephen J	Tax withheld	2.1K	$58.38
2026-02-20	Turner Rhonda R	Grant	6.4K	—
2026-02-20	Turner Rhonda R	Grant	6.4K	—
2026-02-20	Turner Rhonda R	Tax withheld	1.3K	$58.38
2026-02-20	Cummings David Lee	Grant	6.0K	—
2026-02-20	Benck Jeff	Tax withheld	8.3K	$58.38
2026-02-20	Cummings David Lee	Grant	6.0K	—
2026-02-20	Turner Rhonda R	Grant	6.4K	—
2026-02-20	Turner Rhonda R	Grant	6.4K	—
2026-02-20	Turner Rhonda R	Tax withheld	1.3K	$58.38
2026-02-20	Beaver Stephen J	Grant	10K	—
2026-02-20	Beaver Stephen J	Grant	6.4K	—
2026-02-20	Beaver Stephen J	Tax withheld	2.1K	$58.38
2026-02-20	Valkanoff David	Grant	12K	—
2026-02-20	Valkanoff David	Grant	6.4K	—
2026-02-13	Benck Jeff	Sell	834	$60.06
2026-02-12	Benck Jeff	Sell	100	$60.03
2026-02-06	Benck Jeff	Sell	25K	$58.19
2026-01-21	Benck Jeff	Sell	15K	$50.24
2026-01-20	Benck Jeff	Sell	100	$50.00
2025-12-12	Cummings David Lee	Grant	10K	—
2025-12-12	Turner Rhonda R	Sell	10K	$47.83
2025-12-12	SLESSOR MIKE	Grant	2.3K	—
2025-12-08	Beaver Stephen J	Sell	1.2K	$48.00
2025-12-08	Benck Jeff	Sell	10K	$47.55
2025-12-05	Turner Rhonda R	Sell	10K	$46.90
2025-12-05	Beaver Stephen J	Sell	8.8K	$46.92
2025-11-20	JANICK JAN M	Sell	9.0K	$42.66
2025-10-14	Schumaker Bryan Robert	Tax withheld	2.2K	$37.77
2025-09-08	JANICK JAN M	Sell	10K	$40.50
2025-08-21	SWOBODA CHARLES M	Grant	3.6K	—
2025-08-15	Valkanoff David	Tax withheld	2.0K	$39.04
2025-08-15	Moezidis David	Tax withheld	5.0K	$39.04
2025-05-13	Wentworth Lynn A	Grant	4.8K	—
2025-05-13	Gifford Robert K	Grant	4.8K	—
2025-05-13	LAMNECK KENNETH T	Grant	4.8K	—
2025-05-13	Britt Douglas	Grant	4.8K	—
2025-05-13	De Greef-Safft Anne	Grant	4.8K	—
2025-05-13	SCHEIBLE DAVID W	Grant	4.8K	—
2025-03-12	Benck Jeff	Sell	6.0K	$38.82
2025-02-25	JANICK JAN M	Tax withheld	998	$40.00
2025-02-25	Beaver Stephen J	Tax withheld	1.5K	$40.00
2025-02-25	Benck Jeff	Tax withheld	9.3K	$40.00
2025-02-25	Turner Rhonda R	Tax withheld	1.0K	$40.00
2025-02-24	Valkanoff David	Tax withheld	2.2K	$40.32
2025-02-24	Benck Jeff	Tax withheld	22K	$40.32
2025-02-24	Beaver Stephen J	Tax withheld	4.2K	$40.32
2025-02-24	JANICK JAN M	Tax withheld	2.4K	$40.32
2025-02-24	Turner Rhonda R	Tax withheld	2.7K	$40.32
2025-02-24	Moezidis David	Tax withheld	3.5K	$40.32
2025-02-20	JANICK JAN M	Grant	6.5K	—
2025-02-20	Turner Rhonda R	Grant	8.9K	—
2025-02-20	Beaver Stephen J	Grant	14K	—
2025-02-20	Valkanoff David	Grant	17K	—
2025-02-20	Moezidis David	Grant	17K	—
2025-02-20	Schumaker Bryan Robert	Grant	8.9K	—
2025-02-20	Benck Jeff	Grant	59K	—
2025-02-19	Beaver Stephen J	Tax withheld	1.3K	$42.61
2025-02-19	Benck Jeff	Tax withheld	7.7K	$42.61
2025-02-19	Benck Jeff	Tax withheld	7.7K	$42.61
2025-02-19	JANICK JAN M	Tax withheld	957	$42.61
2025-02-19	Turner Rhonda R	Tax withheld	922	$42.61
2025-02-19	JANICK JAN M	Tax withheld	974	$42.61
2025-02-18	JANICK JAN M	Option exercise	4.2K	—
2025-02-18	JANICK JAN M	Tax withheld	1.7K	$42.08
2025-02-18	Beaver Stephen J	Option exercise	5.8K	—
2025-02-18	Turner Rhonda R	Option exercise	4.2K	—
2025-02-18	Beaver Stephen J	Tax withheld	2.5K	$42.08
2025-02-18	Benck Jeff	Option exercise	32K	—
2025-02-18	JANICK JAN M	Tax withheld	1.7K	$42.08
2025-02-18	JANICK JAN M	Option exercise	4.2K	—
2025-02-18	Benck Jeff	Option exercise	32K	—
2025-02-18	Benck Jeff	Tax withheld	16K	$42.08
2025-01-13	Benck Jeff	Sell	6.0K	$45.31

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-08	OtherExhibits	filing ↗
2026-05-29	Shareholder vote	filing ↗
2026-04-29	ResultsExhibits	filing ↗
2026-03-16	OtherExhibits	filing ↗
2026-02-24	Exec/director changeExhibits	filing ↗
2026-02-03	ResultsExhibits	filing ↗
2025-12-29	Exec/director changeExhibits	filing ↗
2025-12-16	Exec/director changeExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-08	2026-06-08	0001193125-26-261721 ↗
8-K	2026-05-29	2026-05-28	0001193125-26-247979 ↗
10-Q	2026-04-30	2026-03-31	0001193125-26-192574 ↗
8-K	2026-04-29	2026-04-29	0001193125-26-191967 ↗
8-K	2026-03-16	2026-03-16	0001193125-26-108398 ↗
8-K	2026-02-24	2026-02-19	0001193125-26-067236 ↗
10-K	2026-02-24	2025-12-31	0001193125-26-064849 ↗
8-K	2026-02-03	2026-02-03	0001193125-26-035656 ↗
8-K	2025-12-29	2025-12-29	0001193125-25-335403 ↗
8-K	2025-12-16	2025-12-16	0001193125-25-320862 ↗
8-K	2025-12-15	2025-12-15	0001193125-25-319270 ↗
8-K	2025-12-10	2025-12-10	0001193125-25-313862 ↗