Flex Ltd
FLEX
119.34
-2.04
-1.68%
Flex Ltd
US · FLEX
#548 by market cap
Listed 1970
119.34
-2.04
-1.68%
Live - 5344 symbols - heartbeat 34s ago
· 2026-10-08 06:49
Pre-market
117.03
-1.94%
After-hours
119.60
+0.22%
Overnight
118.60
-0.62%
- Market cap
- 44.09B
- P/E (TTM)i
- 46.08
- P/Bi
- 8.02
- EPSi
- 2.33
- Div yieldi
- 0.00%
- 52W posi
- 58%
Reader sentiment
Are you bullish or bearish on FLEX?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.42, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +8.14% YoY
Margins
- Gross margin
- 9.20%
- Operating margin
- 5.18%
- Net margin
- 3.15%
Key ratios & quality
- PEG ratioi
- 13.05
- Altman Z-Scorei
- 3.42
PEG uses trailing P/E against the 3-year net income growth rate (3.53%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26.21B | 24.21B | 24.12B | 24.63B | 28.50B | 26.42B | 25.81B | 27.91B |
| Gross profit | 1.52B | 1.34B | 1.69B | 1.78B | 1.98B | 1.87B | 2.16B | 2.57B |
| Selling & admin expenses | 953.00M | 834.00M | 817.00M | 830.00M | 874.00M | 922.00M | 904.00M | 1.05B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 491.00M | 441.00M | 808.00M | 890.00M | 1.02B | 873.00M | 1.19B | 1.45B |
| Pretax profit | 182.00M | 159.00M | 714.00M | 964.00M | 807.00M | 666.00M | 1.02B | 1.14B |
| Tax | 89.00M | 71.00M | 101.00M | 92.00M | 124.00M | -206.00M | 185.00M | 263.00M |
| Net profit | 93.00M | 88.00M | 613.00M | 940.00M | 1.03B | 1.25B | 838.00M | 880.00M |
| Basic EPS | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 2 |
| Diluted EPS | 0.18 | 0.17 | 1.21 | 1.94 | 1.72 | 2.28 | 2.11 | 2.33 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 6.40B | 6.58B | 6.80B | 7.06B | 7.48B | 7.93B |
| Gross profit | 563.00M | 572.00M | 614.00M | 679.00M | 702.00M | 747.00M |
| Selling & admin expenses | 234.00M | 233.00M | 260.00M | 270.00M | 289.00M | 334.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 308.00M | 318.00M | 338.00M | 394.00M | 397.00M | 390.00M |
| Pretax profit | 279.00M | 246.00M | 262.00M | 320.00M | 315.00M | 377.00M |
| Tax | 57.00M | 54.00M | 63.00M | 81.00M | 65.00M | 92.00M |
| Net profit | 222.00M | 192.00M | 199.00M | 239.00M | 250.00M | 285.00M |
| Basic EPS | 1 | 1 | 1 | 1 | 1 | 1 |
| Diluted EPS | 0.57 | 0.50 | 0.52 | 0.64 | 0.67 | 0.76 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 9.10B | 9.09B | 11.36B | 14.34B | 16.03B | 12.99B | 12.84B | 16.33B |
| Cash & ST investments | 1.70B | 1.92B | 2.64B | 2.96B | 3.16B | 2.47B | 2.29B | 2.39B |
| Inventory | 3.72B | 3.79B | 3.90B | 6.58B | 7.39B | 6.21B | 5.07B | 5.85B |
| Total assets | 13.50B | 13.69B | 15.84B | 19.33B | 21.41B | 18.26B | 18.38B | 22.06B |
| Total current liabilities | 7.60B | 7.21B | 7.83B | 10.71B | 10.87B | 8.54B | 9.85B | 12.02B |
| Short-term debt | 632.61M | 149.00M | 268.00M | 949.00M | 150.00M | -- | 1.21B | -- |
| Long-term debt | 2.42B | 2.69B | 3.52B | 3.25B | 3.54B | 3.26B | 2.48B | 3.75B |
| Total liabilities | 10,527,007,000.00 | 10,859,000,000.00 | 12,400,000,000.00 | 15,118,000,000.00 | 15,701,000,000.00 | 12,932,000,000.00 | 13,379,000,000.00 | 16,916,000,000.00 |
| Total equity | 2.97B | 2.83B | 3.44B | 4.21B | 5.71B | 5.33B | 5.00B | 5.14B |
| Retained earnings | -3.01B | -2.90B | -2.29B | -1.35B | -560.00M | 446.00M | 1.28B | 2.16B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 12.84B | 13.47B | 13.84B | 15.15B | 16.33B | 18.24B |
| Cash & ST investments | 2.29B | 2.24B | 2.25B | 3.06B | 2.39B | 2.84B |
| Inventory | 5.07B | 5.21B | 5.27B | 5.55B | 5.85B | 6.45B |
| Total assets | 18.38B | 19.13B | 19.55B | 20.82B | 22.06B | 25.20B |
| Total current liabilities | 9.85B | 9.92B | 10.37B | 10.86B | 12.02B | 13.22B |
| Short-term debt | 1.21B | 677.00M | 676.00M | 675.00M | -- | -- |
| Long-term debt | 2.48B | 3.00B | 3.01B | 3.76B | 3.75B | 5.22B |
| Total liabilities | 13,379,000,000.00 | 14,043,000,000.00 | 14,511,000,000.00 | 15,699,000,000.00 | 16,916,000,000.00 | 19,698,000,000.00 |
| Total equity | 5.00B | 5.09B | 5.04B | 5.12B | 5.14B | 5.50B |
| Retained earnings | 1.28B | 1.48B | 1.68B | 1.91B | 2.16B | 2.45B |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -2.97B | -1.53B | 144.00M | 1.02B | 950.00M | 1.33B | 1.51B | 1.69B |
| Depreciation & amortization | 765.00M | 626.00M | 569.00M | 484.00M | 501.00M | 537.00M | 539.00M | 563.00M |
| Free cash flow | -3.70B | -2.00B | -207.00M | 581.00M | 315.00M | 796.00M | 1.07B | 1.05B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -189.00M | -260.00M | -183.00M | -686.00M | -337.00M | -1.30B | -1.26B | -944.00M |
| Ending cash balance | 1.70B | 1.92B | 2.64B | 2.96B | 3.29B | 2.47B | 2.29B | 2.39B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 433.00M | 399.00M | 453.00M | 420.00M | 413.00M | 276.00M |
| Depreciation & amortization | 138.00M | 142.00M | 156.00M | 135.00M | 130.00M | 140.00M |
| Free cash flow | 321.00M | 266.00M | 303.00M | 272.00M | 211.00M | 40.00M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -299.00M | -247.00M | -297.00M | -200.00M | -200.00M | 0 |
| Ending cash balance | 2.29B | 2.24B | 2.25B | 3.06B | 2.39B | 2.84B |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 3.12 | 3.02 | 19.56 | 24.75 | 16.73 | 18.85 | 16.23 | 17.35 |
| ROA %i | 0.69 | 0.64 | 4.15 | 5.32 | 3.89 | 5.07 | 4.57 | 4.35 |
| ROIC %i | 3.03 | 2.88 | 10.44 | 11.24 | 10.02 | 11.94 | 9.95 | 11.57 |
| 5-year avg ROE %i | 15.01 | 10.31 | 10.62 | 13.12 | 13.44 | 16.58 | 19.22 | 18.78 |
| EBIT margin %i | 1.25 | 1.26 | 3.58 | 3.73 | 3.95 | 3.30 | 4.81 | 4.86 |
| FCF / sales %i | -- | -- | -- | 2.23 | 1.04 | 3.01 | 4.13 | 3.77 |
| Current ratioi | 1.20 | 1.26 | 1.45 | 1.34 | 1.48 | 1.52 | 1.30 | 1.36 |
| Quick ratioi | 0.60 | 0.64 | 0.88 | 0.64 | 0.63 | 0.67 | 0.67 | 0.68 |
| Debt / assetsi | 22.63 | 24.59 | 27.44 | 24.57 | 19.61 | 20.55 | 22.57 | 19.56 |
| LT debt / equityi | 81.48 | 113.67 | 118.66 | 92.01 | 75.65 | 70.44 | 58.76 | 83.90 |
| Interest coveragei | 2.25 | 2.09 | 5.76 | -- | 5.31 | 4.22 | 5.69 | 6.32 |
| Revenue CAGR (3Y) %i | 2.39 | 0.48 | -1.76 | -2.05 | 5.59 | 3.07 | 1.57 | -0.69 |
| Net income CAGR (3Y) %i | -40.62 | -34.94 | 12.67 | 115.91 | 108.10 | 17.95 | -3.62 | 3.53 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | 22.46 | 49.47 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 16.23 | 17.67 | 17.45 | 16.85 | 17.35 | 18.38 |
| ROA %i | 4.57 | 4.83 | 4.59 | 4.36 | 4.35 | 4.39 |
| ROIC %i | 9.95 | 11.31 | 10.87 | 10.13 | 11.57 | 10.99 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 4.81 | 4.95 | 4.89 | 4.92 | 4.86 | 5.12 |
| FCF / sales %i | 4.13 | 4.23 | 4.52 | 4.33 | 3.77 | 2.82 |
| Current ratioi | 1.30 | 1.36 | 1.33 | 1.40 | 1.36 | 1.38 |
| Quick ratioi | 0.67 | 0.70 | 0.67 | 0.72 | 0.68 | 0.70 |
| Debt / assetsi | 22.57 | 22.29 | 21.96 | 24.10 | 19.56 | 23.53 |
| LT debt / equityi | 58.76 | 70.49 | 71.84 | 84.81 | 83.90 | 107.82 |
| Interest coveragei | 5.69 | 6.06 | 6.07 | 6.20 | 6.32 | 6.69 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- Integrated Technology Solutions (ITS) is the largest reported line at 38.55% of revenue, across 3 reported segments.
- No single line clears half of revenue; Regulated Manufacturing Solutions (RMS) is next at 33.68%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
Integrated Technology Solutions (ITS)38.55%
Regulated Manufacturing Solutions (RMS)33.68%
Cloud and Power Infrastructure (CPI)27.77%
Quote time 2026-10-08 06:49:59 · For reference only, not investment advice and not tailored to your situation.