Understanding Foxconn net worth and its financial performance is essential in today’s tech-driven world. As one of the industry’s giants, Foxconn has significant contributions to various business segments.
At Ando Money, we dive deep into Foxconn’s financial health, revenue sources, and market standing to give you a comprehensive analysis of its finances.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Foxconn |
| Full Name | Hon Hai Precision Industry Co., Ltd. |
| Website | https://www.honhai.com/en-us |
| Industry | Electronics Manufacturing |
| Traded as | Ticker: 2317 (TWSE) |
| ISIN | TW0002317005 |
| Founded | 1974 |
| Founders | Terry Gou |
| Country/Territory | Taiwan |
| Headquarters | Tucheng District, New Taipei City, Taiwan |
| Chief Executive Officer | Young Liu |
| Number of Employees | Over 1 million |
| Market Cap | $84.62 Billion |
| Total Assets | NTD 3,966,849 million ($123.2 Billion) |
| Total Equity | NTD 1,721,670 million ($53.45 Billion) |
| Revenue (Q2 2024) | NTD 1,550,551 million ($48.15 Billion) |
| Net Income (Q2 2024) | NTD 35,045 million ($1.09 Billion) |
What is the Net Worth/Market Cap of Foxconn in 2024?
Foxconn’s market cap in 2024 is an impressive $84.62 Billion. This figure places it among the global leaders in the electronics manufacturing industry.
By comparison, other leading entities, such as Apple and Samsung, showcase their own financial strengths but in different capacities. Some companies closely related to Foxconn include:
These giants collectively define the electronics and tech industry, contributing to the global economy. For more context on the world’s wealthiest companies, take a look at this detailed overview of leading corporations.
Foxconn Financial Performance Overview
Revenue Breakdown by Business Segments
Foxconn’s Q2 2024 revenue reached an astounding NTD 1,550,551 million ($48.15 Billion). The revenue stems from several business segments:
- Smart Consumer Electronics Products: This segment includes products like smartphones and other consumer devices, contributing significantly to Foxconn’s revenue.
- Cloud and Networking Products: With the growing demand for cloud services, this segment plays a crucial role in the company’s financial growth.
- Computing Products: Foxconn’s computing products segment focuses on computers and related peripherals, showcasing consistent revenue generation.
- Components and Other Products: Foxconn’s production of components like connectors and other hardware adds to the diversity of its income streams.
Major Financial Metrics Impacting Performance
Foxconn’s financial performance is further reflected in its key metrics:
- Gross Profit: The company reported a gross profit of NTD 99,507 million ($3.08 Billion) in Q2 2024.
- Operating Income: The operating income for Q2 stood at NTD 44,604 million ($1.38 Billion), indicating stable operational profitability.
- Earnings Per Share (EPS): EPS reached NTD 2.53, showing a growth of 59% compared to Q1 2024, highlighting Foxconn’s increasing profitability per share.
Assets, Liabilities, and Equity Overview
The company maintains a strong asset base:
- Total Assets: NTD 3,966,849 million ($123.2 Billion), with a notable composition of cash and cash equivalents at NTD 1,048,680 million ($32.56 Billion).
- Total Liabilities: NTD 2,245,179 million ($69.73 Billion), contributing to a debt ratio of 57%.
- Total Equity: NTD 1,721,670 million ($53.45 Billion), showing a positive balance of company ownership over liabilities.
Cash Flow and Free Cash Flow Analysis
Foxconn’s cash flow dynamics present a comprehensive picture of its operational and financial activities:
- Operating Activities: The company recorded a positive cash flow from operations amounting to NTD 43,786 million ($1.36 Billion) in the first half of 2024.
- Investing Activities: Investments led to a negative cash flow of NTD 84,180 million ($2.61 Billion), mainly directed toward business expansion and capital investments.
- Financing Activities: Foxconn’s financing cash flow stood at NTD (136,553) million ($4.24 Billion), impacting the overall liquidity.
- Free Cash Flow (FCF): The FCF was NTD (19,306) million ($598 million), reflecting the ongoing investments and financial decisions made during the year.
Financial Performance by Product Categories
Foxconn’s performance by product category offers valuable insight into its financial health:
- Smart Consumer Electronics: A key driver of Foxconn’s revenue.
- AI Server Business: A rapidly growing sector, contributing significantly to the company’s server revenue, with a growth rate of 60% quarter-over-quarter.
- Emerging Segments: Investments in EV production, smart manufacturing, and semiconductor deployment show Foxconn’s strategy for diversifying and increasing its revenue sources.
Business Development Initiatives and Their Financial Impact
Foxconn’s collaborations and technological advancements contribute directly to its financial growth:
- AI and Cloud Technologies: Strategic partnerships, such as with NVIDIA, aim to enhance Foxconn’s AI capabilities.
- EV Business Development: With a focus on battery manufacturing and EV components, Foxconn is positioning itself as a leader in the evolving automotive technology market.
- Semiconductor Growth: The company has expanded its semiconductor production, which plays a pivotal role in multiple product lines.
Market and Regional Financial Contributions
Foxconn’s global presence allows it to leverage financial contributions from diverse markets:
- Operations in Asia, North America, and Europe have provided a stable flow of revenue.
- The company’s extensive manufacturing footprint worldwide supports its diverse income sources and mitigates risks related to market volatility.
FAQs about Foxconn
What are Foxconn’s Main Sources of Revenue?
The company earns revenue primarily from consumer electronics, cloud and networking products, computing devices, and manufacturing components.
How Does Foxconn’s Financial Performance Compare Year-over-Year?
In Q2 2024, its revenue increased by 19% YoY and 17% QoQ, indicating significant growth in financial performance.
What Financial Ratios Are Important for Foxconn?
Key ratios include gross profit margin of 6.42%, operating profit margin of 2.88%, and a net profit margin of 2.26%.
How Is Foxconn Expanding Its Business Segments?
Foxconn is diversifying its revenue streams by expanding into AI servers, EVs, smart manufacturing, and semiconductor production.
How Has Foxconn Invested in Technological Partnerships?
Foxconn has strategic collaborations with NVIDIA for AI developments and partnerships with automotive and cloud technology companies to expand its reach.
Conclusion
Foxconn’s financial growth and strategic business expansions indicate a robust and evolving company. I encourage readers to leave comments, share insights, or explore more financial content on Ando Money.
