SANM vs. FLEX

Last updated Apr 1, 2026

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

Performance

SANM vs. FLEX - Performance Comparison

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

SANM vs. FLEX - Yearly Performance Comparison

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

Fundamentals

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

Returns By Period

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

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%

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%

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

Return for Risk

SANM vs. FLEX — Risk / Return Rank

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

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

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

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.

SANM vs. FLEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sanmina Corporation (SANM) and Flex Ltd. (FLEX). 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.

	SANM	FLEX	Difference
Sharpe ratio Return per unit of total volatility	1.09	2.03	-0.94
Sortino ratio Return per unit of downside risk	1.77	2.41	-0.63
Omega ratio Gain probability vs. loss probability	1.26	1.34	-0.08
Calmar ratio Return relative to maximum drawdown	2.11	4.49	-2.37
Martin ratio Return relative to average drawdown	5.71	12.15	-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.

SANM vs. FLEX - Sharpe Ratio Comparison

The current SANM Sharpe Ratio is 1.09, which is lower than the FLEX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of SANM and FLEX, 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

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

Correlation

The correlation between SANM and FLEX 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

SANM vs. FLEX - Dividend Comparison

Neither SANM nor FLEX has paid dividends to shareholders.

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

Drawdowns

SANM vs. FLEX - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

SANM vs. FLEX - Volatility Comparison

The current volatility for Sanmina Corporation (SANM) is 17.43%, while Flex Ltd. (FLEX) has a volatility of 19.86%. This indicates that SANM experiences smaller price fluctuations and is considered to be less risky than FLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Financials

SANM vs. FLEX - Profitability Comparison

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

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 - 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 - 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 - 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 - 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%.

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%.