JABIL INC

JBL 10-K · FY 2025

JBL FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 29,802 28,883 +3.2%
Show Business Segments breakouts
Connected Living and Digital Commerce · Operating Segments 5,606 7,425 -24.5%
Connected Living and Digital Commerce · Operating Segments 1,727 3,393 -49.1%
Connected Living and Digital Commerce · Operating Segments 3,879 4,032 -3.8%
Intelligent Infrastructure · Operating Segments 12,317 9,197 +33.9%
Intelligent Infrastructure · Operating Segments 6,299 4,464 +41.1%
Intelligent Infrastructure · Operating Segments 6,018 4,733 +27.1%
Regulated Industries · Operating Segments 11,879 12,261 -3.1%
Regulated Industries · Operating Segments 477 553 -13.7%
Regulated Industries · Operating Segments 11,402 11,708 -2.6%
Show Geography breakouts
CN 4,196 4,810 -12.8%
MX 5,689 5,872 -3.1%
MY 3,644
Non Us 22,358 23,836 -6.2%
Other 8,829 8,668 +1.9%
US 7,444 5,047 +47.5%
Show Consolidation Items breakouts
Operating Segments 29,802 28,883 +3.2%
Operating Segments · Transferred At Point In Time 8,503 8,410 +1.1%
Operating Segments · Transferred Over Time 21,299 20,473 +4.0%
Cost of Revenue 27,156 26,207 +3.6%
Gross Profit 2,646 2,676 -1.1%
Selling, General & Administrative 1,122 1,160 -3.3%
Research & Development 26 39 -33.3%
Amortization Of Intangible Assets 62 40 +55.0%
Show Consolidation Items breakouts
Material Reconciling Items 62 40 +55.0%
Restructuring Charges 181 296 -38.9%
Show Business Segments breakouts
Connected Living and Digital Commerce · Operating Segments 21 84 -75.0%
Intelligent Infrastructure · Operating Segments 34 69 -50.7%
Regulated Industries · Operating Segments 80 75 +6.7%
Show Consolidation Items breakouts
Corporate Non Segment 46 68 -32.4%
Material Reconciling Items 181 296 -38.9%
Show Restructuring Cost And Reserve breakouts
Asset write-off costs 53 79 -32.9%
Asset write-off costs · 2024 Restructuring Plan 10
Asset write-off costs · 2025 Restructuring Plan 43
Employee Severance 58 177 -67.2%
Employee Severance · 2024 Restructuring Plan -3
Employee Severance · 2025 Restructuring Plan 61
Lease costs 6 2 +200.0%
Lease costs · 2025 Restructuring Plan 6
Other Restructuring 64 38 +68.4%
Other Restructuring · 2024 Restructuring Plan 6
Other Restructuring · 2025 Restructuring Plan 58
Show Restructuring Plan breakouts
2024 Restructuring Plan 13
2025 Restructuring Plan 168
Gain Loss On Sale Of Business 53 -942 +105.6%
Show Legal Entity breakouts
Jabil Circuit Italia S.r.l (JCI) · Disposal Group Disposed Of By Sale Not Discontinued Operations 97
Show Consolidation Items breakouts
Material Reconciling Items 53 -942 +105.6%
Show Disposal Group Classification breakouts
Disposal Group Heldforsale Not Discontinued Operations · Product Manufacturing Business -54 -942 +94.3%
Acquisition And Divestiture Related Charges 20 70 -71.4%
Show Consolidation Items breakouts
Material Reconciling Items 20 70 -71.4%
Operating Income 1,182 2,013 -41.3%
Show Business Segments breakouts
Connected Living and Digital Commerce · Operating Segments 313 464 -32.5%
Intelligent Infrastructure · Operating Segments 664 469 +41.6%
Regulated Industries · Operating Segments 643 655 -1.8%
Show Consolidation Items breakouts
Operating Segments 1,620 1,588 +2.0%
Gain Loss On Investments 46
Show Consolidation Items breakouts
Material Reconciling Items 46
Other Non-Operating Income (Expense) 97 89 +9.0%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit · Reclassification Out Of Accumulated Other Comprehensive Income 5 4 +25.0%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -7 -8 +12.5%
Interest Income Expense Nonoperating Net 147 173 -15.0%
Show Consolidation Items breakouts
Material Reconciling Items 147 173 -15.0%
Income Before Taxes 892 1,751 -49.1%
Income Tax Expense (Benefit) 235 363 -35.3%
Net Income 657 1,388 -52.7%
Show Equity Components breakouts
Retained Earnings 657 1,388 -52.7%
Net Income 657 1,388 -52.7%
EPS (Basic) 6 11.34 -47.1%
EPS (Diluted) 5.92 11.17 -47.0%
Wtd Avg Shares (Basic) 109.5 122.4 -10.5%
Wtd Avg Shares (Diluted) 110.9 124.3 -10.8%
Total Costs & Expenses (FY)
Show Business Segments breakouts
Connected Living and Digital Commerce · Operating Segments 5,293 6,961 -24.0%
Intelligent Infrastructure · Operating Segments 11,653 8,728 +33.5%
Regulated Industries · Operating Segments 11,236 11,606 -3.2%
Show Consolidation Items breakouts
Operating Segments 28,182 27,295 +3.2%
Comprehensive Income 686 1,359 -49.5%
Foreign Currency Transaction Gain Loss Before Tax (FY)
Show Derivative Risk breakouts
Foreign Exchange Contract · Nondesignated -6 -52 +88.5%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax (FY)
Show Hedging Designation breakouts
Designated As Hedging Instrument 14 -21 +166.7%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 1,933 2,201 -12.2%
Accounts And Other Receivables Net Current 4,039 3,533 +14.3%
Contract With Customer Asset Net Current 1,057 1,071 -1.3%
Inventory 4,681 4,276 +9.5%
Prepaid Expenses & Other Current Assets 2,010 1,710 +17.5%
Total Current Assets 13,720 12,791 +7.3%
Non-Current Assets
Operating Lease Right-of-Use Assets 462 360 +28.3%
Goodwill 841 661 +27.2%
Show Business Segments breakouts
Connected Living and Digital Commerce 92 102 -9.8%
Intelligent Infrastructure 76 69 +10.1%
Regulated Industries 673 490 +37.3%
Deferred Tax Assets 141 96 +46.9%
Other Non-Current Assets 259 276 -6.2%
Total Assets 18,543 17,351 +6.9%
Show Business Segments breakouts
Connected Living and Digital Commerce · Operating Segments 2,199 2,297 -4.3%
Intelligent Infrastructure · Operating Segments 3,739 2,624 +42.5%
Regulated Industries · Operating Segments 6,262 5,855 +7.0%
Show Consolidation Items breakouts
Corporate Non Segment 6,343 6,575 -3.5%
Intangible Assets 273
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 2,847 3,024 -5.9%
Intangible Assets Net Excluding Goodwill 273 143 +90.9%
Show Finite Lived Intangible Assets By Major Class breakouts
Contractual agreements and customer relationships 202 91 +122.0%
Intellectual Property 58 17 +241.2%
Trade Names 13 35 -62.9%
Current Liabilities
Current Portion of Long-Term Debt 499
Accounts Payable 7,937 6,190 +28.2%
Accrued Liabilities 5,185 5,499 -5.7%
Operating Lease Liability Current 93 93 0.0%
Total Current Liabilities 13,714 11,782 +16.4%
Deferred Revenue (Current) 1,016 1,017 -0.1%
Non-Current Liabilities
Long-Term Debt 2,386 2,880 -17.2%
Other Non-Current Liabilities 345 416 -17.1%
Operating Lease Liabilities 388 284 +36.6%
Liability For Uncertain Tax Positions Noncurrent 113 109 +3.7%
Deferred Tax Liabilities 80 143 -44.1%
Total Liabilities 17,026 15,614 +9.0%
Long-Term Debt 2,885 2,880 +0.2%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · 1.700% Senior Notes 499 499 0.0%
Fair Value Inputs Level2 · 3.000% Senior Notes 595 594 +0.2%
Fair Value Inputs Level2 · 3.600% Senior Notes 498 497 +0.2%
Fair Value Inputs Level2 · 3.950% Senior Notes 499 498 +0.2%
Fair Value Inputs Level2 · 4.250% Senior Notes 497 496 +0.2%
Fair Value Inputs Level2 · 5.450% Senior Notes 297 296 +0.3%
Show Debt Instrument breakouts
1.700% Senior Notes · Senior Notes 499 499 0.0%
3.000% Senior Notes · Senior Notes 595 594 +0.2%
3.600% Senior Notes · Senior Notes 498 497 +0.2%
3.950% Senior Notes · Senior Notes 499 498 +0.2%
4.250% Senior Notes · Senior Notes 497 496 +0.2%
5.450% Senior Notes · Senior Notes 297 296 +0.3%
Stockholders' Equity
Additional Paid In Capital Common Stock 3,047 2,841 +7.3%
Retained Earnings 6,382 5,760 +10.8%
Accumulated Other Comprehensive Income -17 -46 +63.0%
Treasury Stock Common Value -7,899 -6,818 -15.9%
Total Stockholders' Equity 1,513 1,737 -12.9%
Minority Interest 4
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 1,517 1,737 -12.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit -14 -19 +26.3%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss 18 29 -37.9%
Accumulated Gain Loss Net Cash Flow Hedge Parent 31 12 +158.3%
Accumulated Other Comprehensive Income -17 -46 +63.0%
Accumulated Translation Adjustment -10 -44 +77.3%
Additional Paid In Capital 3,047 2,841 +7.3%
Net Investment Hedges -42 -24 -75.0%
Noncontrolling Interest 4
Retained Earnings 6,382 5,760 +10.8%
Treasury Stock Common -7,899 -6,818 -15.9%
Total Liabilities & Equity 18,543 17,351 +6.9%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 674 696 -3.2%
Non Cash Portion Of Restructuring And Related Charges 88 95 -7.4%
Share Based Compensation Expense And Related Charges 107 89 +20.2%
Increase Decrease In Deferred Income Taxes -124 -64 -93.8%
Other Non-Cash Items -2 -18 +88.9%
Change in Accounts Receivable -504 -200 -152.0%
Increase Decrease In Contract With Customer Asset 22 -32 +168.8%
Change in Inventory -431 1,179 -136.6%
Change in Prepaid & Other Assets -310 -587 +47.2%
Increase Decrease In Other Operating Assets -16 6 -366.7%
Increase Decrease In Accounts Payable And Accrued Liabilities 1,426 106 +1245.3%
Net Cash from Operations 1,640 1,716 -4.4%
Deferred Income Taxes -120 -84 -42.9%
Investing Activities
Capital Expenditures -468 -784 +40.3%
Proceeds From Sale Of Property Plant And Equipment 146 123 +18.7%
Payments To Acquire Businesses Net Of Cash Acquired -392 -90 -335.6%
Proceeds From Divestiture Of Businesses 7 2,108 -99.7%
Other Investing Activities -7 -6 -16.7%
Net Cash from Investing -714 1,351 -152.8%
Financing Activities
Proceeds From Other Debt 1,844 1,992 -7.4%
Repayments Of Other Debt -1,986 -2,103 +5.6%
Share Repurchases -1,000 -2,500 +60.0%
Show Share Repurchase Program breakouts
2025 Share Repurchase Program -1,000
Payments Of Dividends -36 -42 +14.3%
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options 62 58 +6.9%
Tax Withholding for Share Compensation -42 -68 +38.2%
Proceeds From Payments For Other Financing Activities -46 -5 -820.0%
Net Cash from Financing -1,204 -2,668 +54.9%
Supplemental
Interest Paid 162 167 -3.0%
Income Taxes Paid 330 502 -34.3%
Unpaid Capital Expenditures 55 122 -54.9%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 10 -2 +600.0%
Net Change in Cash -268 397 -167.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,933 2,201 -12.2%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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