Benchmark Electronics, Inc., together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. It provides design and engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom test and automation equipment design services. The company also offers electronics manufacturing and testing services, such …
Full BHE analysis →
Competitive advantage assessment
Key strengths
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.92), demonstrating pricing resilience across cycles.
Benchmark Electronics, Inc. ranks #24 of 52
scored companies in Electronic Components by moat score — the top 46%.
The widest moat in the group is Universal Display Corporation (OLED)
at 82/100.
Moat scores for companies ranked near BHE in Electronic Components
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 65
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 55
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 48
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 50
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 42
· 15% of the moat score
Scale matters only when it converts into economics.
Benchmark Electronics, Inc. (BHE) scores 52 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #24 of 52 scored companies in Electronic Components, the top 46%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 51 companies in Electronic Components. Its strongest defense is Cost Advantage (65/100) and its weakest is Scale & Market Position (42/100).
How does Benchmark Electronics, Inc. compare with other Electronic Components companies?
Benchmark Electronics, Inc. ranks #24 of 52 scored companies in Electronic Components by moat score. The widest moat in Electronic Components is Universal Display Corporation (OLED) at 82/100. The companies ranked closest are Deswell Industries, Inc. (DSWL) at 53 just above it and Eltek Ltd. (ELTK) at 50 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 51 companies in Electronic Components. The defenses are then weighted to produce the overall score out of 100.
Why is Benchmark Electronics, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Benchmark Electronics, Inc.?
The Corporate Default template measures 6 defenses, and BHE scores: Pricing Power (52), Cost Advantage (65), Customer Stickiness (55), Capital Efficiency (48), Resilience (50), Scale & Market Position (42). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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