Jabil (JBL) FY2024 results: revenue $28.9 billion, down 16.8% on the year
Jabil Inc. (JBL) reported revenue of $28.9 billion for fiscal 2024, the year ended 31 August 2024, down 16.8% on the year before. Net income was $1.4 billion, up 69.7%, and diluted earnings per share $11.17. The figures are the company's own, from the 10-K it filed with the SEC on 28 October 2024.
Revenue
$28.9 billion
-16.8% on the year
FY2017FY2024
Operating margin
7.0%
4.4% a year earlier
FY2017FY2024
Net income
$1.4 billion
+69.7% on the year
FY2017FY2024
Diluted EPS
$11.17
+85.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,716
1,734
1,651
-1.0%
Capital expenditure
784
1,030
1,385
-23.9%
Free cash flow
932
704
266
+32.4%
Free cash flow margin
3.2%
2.0%
0.8%
Cash from investing
1,351
-723
-858
Cash from financing
-2,668
-680
-888
Depreciation and amortisation
696
924
925
-24.7%
Share-based compensation
89.0
95.0
81.0
-6.3%
Buybacks
2,500
487
696
+413.3%
Dividends paid
42.0
45.0
48.0
-6.7%
Diluted shares, weighted
124m
136m
144m
-8.5%
Shares outstanding at period end
114m
131m
135m
-13.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,737
2,866
2,451
-39.4%
Non-controlling interest
0.0
1.0
1.0
Debt
2,880
2,875
2,875
+0.2%
Operating lease liabilities
284
269
417
+5.6%
Finance lease liabilities
235
212
198
+10.8%
Other liabilities
12,215
13,201
13,775
-7.5%
Total liabilities and equity
17,351
19,424
19,717
-10.7%
Goodwill
661
621
704
+6.4%
Intangible assets
143
142
158
+0.7%
Cash and equivalents
2,201
1,804
1,478
+22.0%
Receivables
3,533
3,647
3,995
-3.1%
Inventory
4,276
5,206
6,128
-17.9%
Other assets
6,537
8,004
7,254
-18.3%
Total assets
17,351
19,424
19,717
-10.7%
10-K for the year ended 31 August 2024, filed 28 October 2024: the filing.