Is FN or FRMI more profitable?

FN runs the higher net margin — FN at 10.19% versus FRMI at 0.00%.

Fabrinet (FN) vs Fermi Inc. Common Stock (FRMI)

A side-by-side comparison of Fabrinet and Fermi Inc. Common Stock across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.

Different business models: FN is classified in Technology; FRMI is classified in Real Estate. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

Fabrinet

$14.85B

$414.58TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT

FRMI

Fermi Inc. Common Stock

$3.51B

$5.50Real EstateDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — FN vs FRMI

growth of $100 · dividends reinvested · last 1y

FN +8.8% (+8.8%/yr)FRMI -83.4% (-83.4%/yr)FN compounded faster over this window

Log scale — wide-divergence pair

FN FRMI

FN vs FRMI: by the numbers

•FN is the larger company ($14.85B vs $3.51B market cap).
•FN is profitable (10.19% net margin) while FRMI runs a net loss (0.00%).

Metrics side by side

Valuation

Metric	FN	FRMI
P/E ratio	31.77	N/A
Forward P/E	22.78	N/A
P/S ratio	3.20	N/A
P/B ratio	6.05	3.40
EV / EBITDA	27.26	N/A
FCF yield	0.02%	N/A

For REITs like Fermi Inc. Common Stock, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.

Profitability

Metric	FN	FRMI
Gross margin	11.99%	0.00%
Operating margin	9.97%	0.00%
Net margin	10.19%	0.00%
ROE	19.27%	-67.32%
ROIC	15.72%	-20.71%

Growth (annualized)

Metric	FN	FRMI
Revenue CAGR (5Y)	20.09%	N/A
EPS CAGR (5Y)	26.85%	N/A
FCF CAGR (5Y)	-45.70%	N/A
Total return CAGR (5Y)	31.31%	N/A

Frequently asked

Is FN or FRMI more profitable?: FN runs the higher net margin — FN at 10.19% versus FRMI at 0.00%.

Go deeper

Full FN analysis Full FRMI analysis Interactive comparison tool

Dig into the metrics

Fabrinet P/E ratio Fabrinet ROE Fermi Inc. Common Stock ROE Fabrinet operating margin Fermi Inc. Common Stock operating margin Fabrinet revenue growth Fermi Inc. Common Stock revenue growth Fabrinet free cash flow Fermi Inc. Common Stock free cash flow

Fabrinet & Fermi Inc. Common Stock appear in these rankings

Fastest Revenue Growth Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 11, 2026.