FLEX vs. SANM

Last updated Apr 1, 2026

Compare and contrast key facts about Flex Ltd. (FLEX) and Sanmina Corporation (SANM).

Performance

FLEX vs. SANM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Flex Ltd. (FLEX) and Sanmina Corporation (SANM). The values are adjusted to include any dividend payments, if applicable.

FLEX vs. SANM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLEX Flex Ltd.	8.34%	57.38%	127.87%	41.94%	17.08%	1.95%	42.47%	65.83%	-57.70%	25.19%
SANM Sanmina Corporation	-13.61%	98.32%	47.30%	-10.33%	38.18%	30.01%	-6.86%	42.31%	-27.09%	-9.96%

Fundamentals

Market Cap FLEX : $24.61B SANM : $7.20B
EPS FLEX : $2.25 SANM : $4.20
PE Ratio FLEX : 29.12 SANM : 30.88
PEG Ratio FLEX : 1.58 SANM : 6.75
PS Ratio FLEX : 0.92 SANM : 0.76
PB Ratio FLEX : 4.81 SANM : 0.99
Total Revenue (TTM) FLEX : $26.84B SANM : $9.31B
Gross Profit (TTM) FLEX : $2.43B SANM : $790.80M
EBITDA (TTM) FLEX : $1.77B SANM : $429.31M

Returns By Period

In the year-to-date period, FLEX achieves a 8.34% return, which is significantly higher than SANM's -13.61% return. Over the past 10 years, FLEX has outperformed SANM with an annualized return of 25.49%, while SANM has yielded a comparatively lower 18.71% annualized return.

FLEX

• 1D: 8.07%
• 1M: 3.87%
• YTD: 8.34%
• 6M: 12.92%
• 1Y: 97.88%
• 3Y*: 72.62%
• 5Y*: 45.18%
• 10Y*: 25.49%

SANM

• 1D: 4.52%
• 1M: -16.50%
• YTD: -13.61%
• 6M: 12.62%
• 1Y: 70.18%
• 3Y*: 28.58%
• 5Y*: 25.20%
• 10Y*: 18.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FLEX vs. SANM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLEX

FLEX Risk / Return Rank: 90
FLEX Sharpe Ratio Rank: 91
FLEX Sortino Ratio Rank: 85
FLEX Omega Ratio Rank: 86
FLEX Calmar Ratio Rank: 93
FLEX Martin Ratio Rank: 92

SANM

SANM Risk / Return Rank: 77
SANM Sharpe Ratio Rank: 77
SANM Sortino Ratio Rank: 75
SANM Omega Ratio Rank: 77
SANM Calmar Ratio Rank: 79
SANM Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLEX vs. SANM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Flex Ltd. (FLEX) and Sanmina Corporation (SANM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FLEX	SANM	Difference
Sharpe ratio Return per unit of total volatility	2.03	1.09	+0.94
Sortino ratio Return per unit of downside risk	2.41	1.77	+0.63
Omega ratio Gain probability vs. loss probability	1.34	1.26	+0.08
Calmar ratio Return relative to maximum drawdown	4.49	2.11	+2.37
Martin ratio Return relative to average drawdown	12.15	5.71	+6.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLEX vs. SANM - Sharpe Ratio Comparison

The current FLEX Sharpe Ratio is 2.03, which is higher than the SANM Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of FLEX and SANM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLEX	SANM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	1.09	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	0.59	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.46	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.16	+0.09

Correlation

The correlation between FLEX and SANM is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FLEX vs. SANM - Dividend Comparison

Neither FLEX nor SANM has paid dividends to shareholders.

	TTM	2025	2024
FLEX Flex Ltd.	0.00%	0.00%	21.00%
SANM Sanmina Corporation	0.00%	0.00%	0.00%

Drawdowns

FLEX vs. SANM - Drawdown Comparison

The maximum FLEX drawdown since its inception was -96.37%, roughly equal to the maximum SANM drawdown of -99.66%. Use the drawdown chart below to compare losses from any high point for FLEX and SANM.

Drawdown Indicators

	FLEX	SANM	Difference
Max Drawdown Largest peak-to-trough decline	-96.37%	-99.66%	+3.29%
Max Drawdown (1Y) Largest decline over 1 year	-21.68%	-32.69%	+11.01%
Max Drawdown (5Y) Largest decline over 5 years	-39.99%	-33.92%	-6.07%
Max Drawdown (10Y) Largest decline over 10 years	-70.02%	-55.85%	-14.17%
Current Drawdown Current decline from peak	-9.18%	-63.38%	+54.20%
Average Drawdown Average peak-to-trough decline	-55.55%	-71.63%	+16.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.01%	12.10%	-4.09%

Volatility

FLEX vs. SANM - Volatility Comparison

Flex Ltd. (FLEX) has a higher volatility of 19.86% compared to Sanmina Corporation (SANM) at 17.43%. This indicates that FLEX's price experiences larger fluctuations and is considered to be riskier than SANM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLEX	SANM	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.86%	17.43%	+2.43%
Volatility (6M) Calculated over the trailing 6-month period	36.56%	54.34%	-17.78%
Volatility (1Y) Calculated over the trailing 1-year period	48.46%	64.71%	-16.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.85%	42.63%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.49%	41.19%	+2.30%

Financials

FLEX vs. SANM - Profitability Comparison

The chart below illustrates the profitability comparison between Flex Ltd. and Sanmina Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FLEX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Flex Ltd. reported a gross profit of 679.00M and revenue of 7.06B. Therefore, the gross margin over that period was 9.6%.

SANM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Sanmina Corporation reported a gross profit of 242.36M and revenue of 3.19B. Therefore, the gross margin over that period was 7.6%.

FLEX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Flex Ltd. reported an operating income of 389.00M and revenue of 7.06B, resulting in an operating margin of 5.5%.

SANM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Sanmina Corporation reported an operating income of 73.60M and revenue of 3.19B, resulting in an operating margin of 2.3%.

FLEX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Flex Ltd. reported a net income of 239.00M and revenue of 7.06B, resulting in a net margin of 3.4%.

SANM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sanmina Corporation reported a net income of 49.29M and revenue of 3.19B, resulting in a net margin of 1.6%.