FLEX Flex Ltd. - Ordinary Shares
About Flex Ltd. - Ordinary Shares Company overview from Wikipedia
Flex Ltd. is a Singapore-domiciled multinational manufacturing company. It is the world's third largest global electronics manufacturing services (EMS), original design manufacturer (ODM) company by revenue, behind only Pegatron. Flex's U.S. corporate headquarters are located in Austin, Texas. The company has manufacturing operations in over 30 countries, and employs about 172,000 people.
Read more
Flex Ltd. (previously known as Flextronics International Ltd. or Flextronics) is a Singapore-domiciled multinational manufacturing company. It is the world's third largest global electronics manufacturing services (EMS), original design manufacturer (ODM) company by revenue, behind only Pegatron. Flex's U.S. corporate headquarters are located in Austin, Texas. The company has manufacturing operations in over 30 countries, and employs about 172,000 people.
History
The company was founded in 1969 by Joe and Barbara-Ann McKenzie as Flextronics, Inc.
In 1990, the company was renamed Flextronics International, Ltd. and moved to Singapore. In 1993, the company received venture capital funding through Sequoia Capital, and became a publicly held company again in 1994. In 2000, the company ranked third on "100 Best-Managed Companies" by IndustryWeek. In 2006 Flextronics took over a part of the production of Lego, but in 2009 Lego decided to end relations with Flextronics and purchase the production facilities in Mexico and Hungary. On 4 June 2007, Flextronics offered to purchase Solectron for US$3.6 billion and thus making Solectron a subsidiary of Flextronics. The acquisition of Solectron was completed by end of October 2007, earlier than anticipated.
On 18 March 2009, Flextronics was invited to ring the NASDAQ stock market opening bell, signifying the day's start of trading and celebrated 15-year NASDAQ-listed anniversary. Mike McNamara (then-CEO) and a group of top executives represented the company at the ringing of the bell. On 25 August 2009, Flextronics announced that it was chosen by LG Electronics (LGE), a global provider of advanced digital products and applied technologies, to manufacture 19, 22, 26, 32, and 37-inch LCD television receivers at its Ciudad Juárez, Mexico facility for distribution to the North and South American markets. On 2 September 2009, Flextronics announced that Multek received Danaher Test and Measurement's 2009 Outstanding Supplier Award. The award was given based on quality, delivery performance, engineering support and cost for work with two of Danaher's business units, Tektronix and Fluke.
On 15 September 2010, Flextronics announced that it had been chosen by Brammo, Inc., former producer of electric traction motors and traction batteries, to be its manufacturing partner for the production and distribution of plug-in electric motorcycles and components. In 2010, the company signed an agreement with Lenovo to provide manufacturing for Europe. That same year, Flextronics also signed an agreement with Brammo to provide acquisition and manufacturing in North America, Asia and Europe.
In 2012, Flextronics incubated Elementum, a start-up supply chain management (SCM) company based in Mountain View, California. In 2014, Elementum was spun off from Flextronics as its own separate entity.
In 2013, Flextronics began making the Mac Pro for Apple in Texas.
In 2014, Flextronics was named as the manufacturer of the Fitbit Force by the US Consumer Product Safety Commission in the context of a complete recall of the product due to rashes developing on the wrists of its users.
In July 2015 the company announced it changed the company name from Flextronics to Flex.
In September 2015, Flex acquired Nextpower (then known as Nextracker), one of the leading solar tracker companies, for $330 million.
In November 2015, Flex, acquired Wink smart home platform to bring the Intelligence of Things "Home". Flex has been a strategic partner to Wink, serving as their primary supplier of hardware and firmware, including the Wink Hub and Wink Relay, which include core intellectual property developed within Flex. In July 2017, Flex sold Wink to i.am+ for $38.7 million.
On 31 December 2018, Michael M. McNamara resigned as the company's Chief Executive Officer. On 11 February 2019, Flex announced Revathi Advaithi as CEO. Prior to Flex, Advaithi was president and chief operating officer for the Electrical Sector business for Eaton Corporation.
On August 21, 2025 a Flex manufacturing site operating in Mukachevo, Ukraine, since 2012 was hit and extensively damaged by a Russian airstrike.
Controversies
Breach of contracts
Flextronics was sued for breach of contract with Beckman Coulter Inc., a maker of medical devices. The case dates from 1997, when Beckman Coulter entered into an agreement with Dovatron, a unit of the Dii Group, to provide circuit boards for a Beckman blood analyser. Flextronics acquired the Dii Group in 1999 and, according to Beckman, shortly thereafter Flextronics refused to provide the circuit boards unless it bought other electronic components from the company.
Beckman filed suit in early 2001, seeking $2.2 million in damages, which were cited as the costs incurred in having to retool one of its plants to manufacture the circuit boards in-house. At the end of the trial, Flextronics paid $23 million for the damages.
Leak of USB charger confidential shipment data
A former Flextronics executive pleaded guilty to committing wire fraud and security fraud by providing confidential information related to USB charger shipment data used for U.S. based iPhones and iPods in 2009.
Seizure of Huawei goods over tariff war
According to a 2019 report, Flex produced smartphone and 5G base stations for Huawei, and when the US added Huawei to its Entity List on May 16, Flex kept Huawei's assets at its factory in Zhuhai.
This included production equipment, raw materials, and half-made products worth approximately 700 million yuan ($101.85 million). These goods were held up for over a month, however Huawei was able to retrieve some of the goods worth 400 million yuan through third-party channels in June 2019.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
FLEX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
FLEX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
FLEX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 7 35.0%
- Buy 12 60.0%
- Hold 1 5.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
10 analysts · 2026-08-17Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.00 | $0.93 | 0.07% |
| March 31, 2026 | $0.93 | $0.89 | 0.04% |
| Dec. 31, 2025 | $0.87 | $0.80 | 0.07% |
| Sept. 30, 2025 | $0.79 | $0.77 | 0.02% |
| June 30, 2025 | $0.72 | $0.64 | 0.08% |
| March 31, 2025 | $0.73 | $0.71 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FLEX | $23.94B | 28.1 | 8.1% | 3.1% | 17.3% | 9.2% |
| JBL | $22.02B | 34.6 | 3.2% | 2.2% | 40.4% | 8.9% |
| TTMI | $7.36B | 42.4 | 19.0% | 6.1% | 10.4% | 20.7% |
| SANM | $6.09B | 25.6 | 7.4% | 3.0% | 9.9% | 8.8% |
| PLXS | $3.84B | 22.9 | 1.8% | 4.3% | 12.3% | 10.1% |
| IPGP | — | 98.1 | 2.7% | — | — | — |
| BHE | $1.53B | 62.9 | 0.11% | 0.93% | 2.2% | 10.2% |
| CTS | $1.23B | 19.6 | 5.2% | 12.1% | 11.8% | 38.4% |
| KE | $614M | 22.7 | -3.7% | 1.9% | 4.8% | 8.2% |
| MEI | — | -8.5 | -2.8% | -3.5% | -5.3% | 19.8% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.91B | $25.81B | $26.41B | $28.50B | $24.63B | $24.12B | $24.21B | $26.21B | $25.44B | $23.86B | $24.42B | $26.15B | |
| Cost of Revenue | $25.29B | $23.58B | $24.39B | $26.50B | $22.84B | $22.35B | $22.68B | $24.59B | $23.78B | $22.30B | $22.81B | $24.60B | |
| Gross Profit | $2.57B | $2.16B | $1.86B | $1.98B | $1.78B | $1.69B | $1.34B | $1.52B | $1.60B | $1.52B | $1.61B | $1.55B | |
| R&D Expense | · | · | · | · | · | · | · | · | $78M | $66M | $61M | $26M | |
| SG&A Expense | $1.05B | $904M | $922M | $874M | $830M | $817M | $834M | $953M | $1.02B | $937M | $955M | $844M | |
| Operating Income | $1.37B | $1.17B | $853M | $1.02B | $890M | $795M | $415M | · | · | · | · | · | |
| Interest Expense | · | · | $207M | $230M | $166M | · | $7M | · | $123M | $108M | $98M | $76M | |
| Interest Income | $51M | $61M | $56M | $30M | $14M | $14M | $19M | $19M | $19M | $12M | $12M | $19M | |
| Other Non-op | $-30M | $14M | $-44M | $-6M | $165M | $-16M | $-82M | $-120M | $170M | $-21M | $-85M | $-51M | |
| Pretax Income | $1.14B | $1.02B | $666M | $807M | $964M | $714M | $159M | $182M | $521M | $371M | $455M | $671M | |
| Income Tax | $263M | $185M | $-206M | $124M | $92M | $101M | $71M | $89M | $92M | $51M | $11M | $70M | |
| Net Income | $880M | $838M | $1.01B | $793M | $936M | $613M | $88M | $93M | $429M | $320M | $444M | $601M | |
| EPS (Basic) | $2.37 | $2.14 | $2.31 | $1.75 | $1.97 | $1.23 | $0.17 | $0.18 | $0.81 | $0.59 | $0.80 | $1.04 | |
| EPS (Diluted) | $2.33 | $2.11 | $2.28 | $1.72 | $1.94 | $1.21 | $0.17 | $0.18 | $0.80 | $0.59 | $0.79 | $1.02 | |
| Shares (Basic) | 371,000,000 | 391,000,000 | 435,000,000 | 454,000,000 | 476,000,000 | 499,000,000 | 509,000,000 | 527,000,000 | 529,782,000 | 540,503,000 | 557,667,000 | 579,981,000 | |
| Shares (Diluted) | 378,000,000 | 398,000,000 | 441,000,000 | 462,000,000 | 483,000,000 | 506,000,000 | 512,000,000 | 530,000,000 | 536,598,000 | 546,220,000 | 564,869,000 | 591,556,000 | |
| EBITDA | $1.37B | $1.17B | $853M | $1.18B | $972M | · | · | $433M | · | $610M | $515M | $540M |
Balance Sheet 27
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.39B | $2.29B | $2.47B | $3.16B | $2.96B | $2.64B | $1.92B | $1.70B | $1.47B | $1.83B | $1.83B | $1.63B | |
| Receivables | $4.68B | $3.67B | $3.03B | $3.48B | $3.37B | $3.96B | $2.44B | $2.61B | $2.52B | $2.19B | $2.04B | $2.34B | |
| Inventory | $5.84B | $5.07B | $6.21B | $7.39B | $6.58B | $3.90B | $3.79B | $3.72B | $3.80B | $3.40B | $3.49B | $3.49B | |
| Other Current Assets | $2.36B | $1.19B | $1.03B | $875M | $903M | $590M | $660M | $855M | $1.38B | $968M | $1.17B | $1.29B | |
| Current Assets | $16.33B | $12.84B | $12.99B | $16.03B | $14.34B | $11.36B | $9.09B | $9.10B | $9.17B | $8.39B | $8.32B | $8.74B | |
| PP&E (Net) | $2.50B | $2.33B | $2.27B | $2.34B | $2.12B | $2.10B | $2.22B | $2.34B | $2.24B | $2.32B | $2.26B | $2.09B | |
| PP&E (Gross) | $7.30B | $6.95B | $6.71B | $6.54B | $6.10B | $5.84B | $5.74B | $5.79B | $5.50B | $5.73B | $5.51B | $5.16B | |
| Accum. Depreciation | $4.80B | $4.62B | $4.44B | $4.20B | $3.98B | $3.75B | $3.52B | $3.45B | $3.26B | $3.41B | $3.26B | $3.07B | |
| Goodwill | $1.37B | $1.34B | $1.14B | $1.14B | $1.14B | $1.09B | $1.06B | $1.07B | $1.12B | $985M | $942M | $334M | |
| Intangibles | $283M | $343M | $245M | $315M | $411M | $213M | $262M | $331M | $424M | $362M | $404M | $82M | |
| Other Non-current Assets | $912M | $964M | $1.01B | $490M | $473M | $431M | $456M | $656M | $760M | $542M | $466M | $405M | |
| Total Assets | $22.06B | $18.38B | $18.26B | $21.41B | $19.32B | $15.84B | $13.69B | $13.50B | $13.72B | $12.59B | $12.38B | $11.65B | |
| Accounts Payable | $8.05B | $5.15B | $4.47B | $5.72B | $6.25B | $5.25B | $5.11B | $5.15B | $5.12B | $4.48B | $4.25B | $4.56B | |
| Current Liabilities | $12.02B | $9.85B | $8.54B | $10.87B | $10.71B | $7.83B | $7.21B | $7.60B | $7.27B | $6.50B | $6.57B | $6.76B | |
| Capital Leases | $565M | $456M | $490M | $504M | $551M | $562M | $529M | $0 | · | $14M | $18M | $2M | |
| Deferred Tax | $111M | $149M | $178M | $71M | $86M | $60M | $71M | $67M | · | · | · | · | |
| Other Non-current Liabilities | $584M | $590M | $642M | $554M | $608M | $489M | $430M | $508M | $532M | $520M | $498M | $476M | |
| Total Liabilities | $16.92B | $13.38B | $12.93B | $15.70B | $15.12B | $12.40B | · | · | · | · | · | · | |
| Long-term Debt | $3.75B | $3.69B | $3.26B | $3.69B | $4.20B | $3.80B | $2.85B | $3.07B | $2.95B | $2.97B | $2.79B | $2.08B | |
| Total Debt | $3.75B | $3.69B | $3.26B | $3.84B | $4.20B | $3.78B | $2.84B | $3.05B | · | $2.95B | $2.77B | $2.08B | |
| Common Stock | · | · | · | · | · | · | · | · | $6.64B | $6.73B | $6.99B | $7.27B | |
| Retained Earnings | $2.16B | $1.28B | $446M | $-560M | $-1.35B | $-2.29B | $-2.90B | $-3.01B | $-3.14B | $-3.57B | $-3.89B | $-4.34B | |
| Treasury Stock | $200M | $200M | $0 | $388M | $388M | $388M | $388M | $388M | $388M | $388M | $388M | $388M | |
| AOCI | $-167M | $-224M | $-195M | $-194M | $-182M | $-119M | $-215M | $-151M | $-86M | $-128M | $-136M | $-181M | |
| Stockholders' Equity | $5.14B | $5.00B | $5.33B | $5.35B | $4.13B | $3.44B | $2.83B | $2.97B | $3.02B | $2.68B | $2.61B | $2.36B | |
| Liabilities + Equity | $22.06B | $18.38B | $18.26B | $21.41B | $19.32B | $15.84B | $13.69B | $13.50B | $13.72B | $12.59B | $12.38B | $11.65B | |
| Shares Outstanding | 365,690,291 | 378,000,000 | 408,000,000 | 450,000,000 | 461,000,000 | 492,000,000 | 497,000,000 | 517,000,000 | 528,000,000 | 531,294,000 | 544,823,000 | 563,323,000 |
Cash Flow 17
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | · | $433M | $434M | $432M | $515M | $540M | |
| Stock-based Comp | $142M | $125M | $152M | $133M | $91M | $79M | $71M | $76M | $81M | $77M | $78M | $50M | |
| Deferred Tax | $38M | $55M | $-370M | $1M | $-44M | $-5M | $7M | $-12M | $39M | $-22M | $-64M | $-60M | |
| Amort. of Intangibles | $68M | $70M | $70M | $81M | $60M | $62M | $64M | $74M | $79M | $81M | $66M | $32M | |
| Restructuring | $87M | $86M | $175M | $27M | $15M | $101M | $216M | $113M | $91M | $39M | $0 | $0 | |
| Other Non-cash | · | · | · | · | · | · | · | $-3.56B | · | $165M | $164M | $-333M | |
| Operating Cash Flow | $1.69B | $1.50B | $1.33B | $950M | $1.02B | $144M | $-1.53B | $-2.97B | $-3.87B | $-3.82B | $1.14B | $794M | |
| CapEx | $633M | $438M | $530M | $635M | $443M | $351M | $462M | $726M | $562M | $525M | $511M | $347M | |
| Investing Cash Flow | $-672M | $-838M | $-492M | $-604M | $-951M | $-202M | $2.28B | $3.25B | $3.71B | $4.27B | $-1.40B | $-242M | |
| Stock Issued | $0 | $0 | $552M | $694M | $0 | $0 | · | · | · | · | · | · | |
| Stock Repurchased | $944M | $1.26B | $1.30B | $337M | $686M | $183M | $260M | $189M | $180M | $350M | $420M | $416M | |
| Net Stock Activity | $-944M | $-1.26B | $-746M | $357M | $-686M | $-183M | $-260M | $-189M | · | $-350M | $-420M | $-416M | |
| Financing Cash Flow | $-924M | $-821M | $-1.66B | $2M | $280M | $743M | $-508M | $-30M | $-188M | $-242M | $250M | $-516M | |
| Net Change in Cash | $100M | $-185M | $-820M | $330M | $327M | $714M | $226M | $225M | $-358M | $223M | $-21M | $35M | |
| Taxes Paid | $323M | $184M | $243M | $124M | $122M | $105M | $99M | $134M | $92M | $87M | $105M | $71M | |
| Free Cash Flow | $1.05B | $1.07B | $796M | $315M | $581M | $-207M | $-2.00B | $-3.70B | · | $625M | $626M | $447M | |
| Levered FCF | · | · | $525M | · | · | · | $-2.00B | · | · | $532M | $530M | $378M |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.2% | 8.4% | 7.1% | 7.5% | 7.4% | 7.0% | 5.5% | 5.8% | · | 6.4% | 6.6% | 5.9% | |
| Operating Margin | 4.9% | 4.5% | 3.2% | 3.9% | 3.7% | · | · | · | · | · | · | · | |
| Net Margin | 3.1% | 3.2% | 3.8% | 2.6% | 3.6% | 2.5% | 0.36% | 0.36% | · | 1.3% | 1.8% | 2.3% | |
| Pretax Margin | 4.1% | 4.0% | 2.5% | 3.2% | 4.0% | 3.0% | 0.65% | 0.69% | · | 1.6% | 1.9% | 2.6% | |
| EBITDA Margin | 4.9% | 4.5% | 3.2% | 3.9% | 3.7% | · | · | 1.7% | · | 2.5% | 2.1% | 2.1% | |
| ROA | 4.3% | 4.6% | 5.1% | 3.9% | 5.3% | 4.2% | 0.64% | 0.69% | · | 2.6% | 3.7% | 4.9% | |
| ROE | 17.3% | 16.8% | 18.9% | 16.6% | 24.1% | 18.0% | 3.1% | 3.1% | · | 12.2% | 18.0% | 26.4% | |
| ROIC | 11.8% | 11.0% | 13.0% | 13.7% | 10.5% | · | · | · | · | · | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.4 | 1.3 | 1.5 | 1.5 | 1.3 | 1.5 | 1.3 | 1.2 | · | 1.3 | 1.3 | 1.3 | |
| Quick Ratio | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.9 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | |
| Debt / Equity | 0.7 | 0.7 | 0.6 | 0.7 | 1.0 | 1.1 | 1.0 | 1.0 | · | 1.1 | 1.1 | 0.9 | |
| LT Debt / Equity | 0.7 | 0.5 | 0.6 | 0.7 | 0.8 | 1.0 | 0.9 | 0.8 | · | 1.1 | 1.1 | 0.9 | |
| Interest Coverage | · | · | 4.1 | · | · | · | · | · | · | · | · | · |
Efficiency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.4 | 1.4 | 1.3 | 1.5 | 1.5 | 1.6 | 1.8 | 1.9 | · | 1.9 | 2.0 | 2.2 | |
| Inventory Turnover | 4.6 | 4.2 | 3.6 | 4.0 | 4.6 | 5.8 | 6.0 | 6.5 | · | 6.5 | 6.5 | 6.9 | |
| Receivables Turnover | 6.7 | 7.7 | 8.1 | 8.5 | 7.1 | 7.4 | 9.6 | 10.2 | · | 11.3 | 11.1 | 10.4 |
Growth Rates 9
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 8.1% | -2.3% | -7.3% | 15.7% | 2.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -0.69% | 1.6% | 3.1% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 3.0% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 10.4% | -7.5% | 32.6% | -11.3% | 60.3% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 10.7% | 2.8% | 23.5% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 14.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 5.0% | -16.7% | 26.9% | -15.3% | 52.7% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 3.5% | -3.6% | 17.9% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 7.5% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $27.91B | $25.81B | $26.41B | $28.50B | $24.63B | $24.12B | $24.21B | $26.21B | $25.44B | $23.86B | $24.42B | $26.15B | |
| Net Income TTM | $880M | $838M | $1.01B | $793M | $936M | $613M | $88M | $93M | $429M | $320M | $444M | $601M | |
| Market Cap | $23.94B | $12.50B | $11.68B | $7.81B | $6.44B | $6.80B | $3.14B | $3.89B | · | $6.73B | $4.95B | $5.38B | |
| Enterprise Value | $25.30B | $13.90B | $12.46B | $8.35B | $7.67B | $7.94B | $4.06B | $5.25B | · | $7.85B | $6.12B | $5.84B | |
| P/E | 28.1 | 15.7 | 12.5 | 10.1 | 7.2 | 11.4 | 37.1 | 41.9 | 15.4 | 21.5 | 11.5 | 9.4 | |
| P/S | 0.9 | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | 0.1 | 0.1 | · | 0.3 | 0.2 | 0.2 | |
| P/B | 4.7 | 2.5 | 2.2 | 1.5 | 1.6 | 2.0 | 1.1 | 1.3 | · | 2.5 | 1.9 | 2.3 | |
| P / Tangible Book | 6.9 | 3.8 | 3.0 | 2.0 | 2.5 | 3.2 | · | · | · | · | · | · | |
| P / Cash Flow | 14.2 | 8.3 | 8.8 | 8.2 | 6.3 | 47.2 | -2.0 | -1.3 | · | 5.8 | 4.4 | 6.8 | |
| P / FCF | 22.8 | 11.7 | 14.7 | 24.8 | 11.1 | -32.8 | -1.6 | -1.1 | · | 10.8 | 7.9 | 12.1 | |
| EV / EBITDA | 18.5 | 11.9 | 14.6 | 7.1 | 7.9 | · | · | 12.1 | · | 12.9 | 11.9 | 10.8 | |
| EV / FCF | 24.0 | 13.0 | 15.7 | 26.5 | 13.2 | -38.4 | -2.0 | -1.4 | · | 12.6 | 9.8 | 13.1 | |
| EV / Revenue | 0.9 | 0.5 | 0.5 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.2 | |
| Earnings Yield | 3.6% | 6.4% | 8.0% | 9.9% | 13.9% | 8.8% | 2.7% | 2.4% | 6.5% | 4.7% | 8.7% | 10.7% |
Income Statement 15
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.93B | $7.48B | $7.06B | $6.80B | $6.58B | $6.40B | $6.56B | $6.54B | $6.31B | $6.17B | $6.42B | $6.93B | $6.89B | $5.63B | $7.25B | $7.30B | |
| Cost of Revenue | $7.18B | $6.75B | $6.37B | $6.18B | $5.99B | $5.81B | $5.95B | $6.00B | $5.83B | $5.66B | $5.93B | $6.41B | $6.40B | $5.35B | $7.17B | $7.17B | |
| Gross Profit | $747M | $702M | $679M | $614M | $572M | $563M | $594M | $531M | $471M | $437M | $433M | $519M | $476M | $267M | $499M | $525M | |
| SG&A Expense | $334M | $289M | $270M | $260M | $233M | $234M | $241M | $216M | $213M | $261M | $205M | $221M | $235M | $145M | $243M | $245M | |
| Operating Income | $392M | $372M | $389M | $296M | $311M | $305M | $334M | $297M | $233M | $159M | $198M | $281M | $215M | $99M | $259M | $282M | |
| Interest Income | $13M | $13M | $15M | $10M | $13M | $13M | $16M | $16M | $16M | $12M | $13M | $15M | $16M | $13M | $8M | $5M | |
| Other Non-op | $37M | $-11M | $-25M | $13M | $-7M | $13M | $-5M | $8M | $-2M | $-10M | $-9M | $-14M | $-11M | $-4M | $-5M | $-6M | |
| Pretax Income | · | · | · | $262M | $246M | $279M | $288M | $264M | $192M | $117M | $152M | $233M | $164M | $41M | $262M | $272M | |
| Income Tax | $92M | $65M | $81M | $63M | $54M | $57M | $25M | $50M | $53M | $-278M | $23M | $32M | $17M | $28M | $25M | $34M | |
| Net Income | $285M | $250M | $239M | $199M | $192M | $222M | $263M | $214M | $139M | $395M | $197M | $228M | $186M | $142M | $230M | $232M | |
| EPS (Basic) | $0.78 | $0.68 | $0.65 | $0.53 | $0.51 | $0.57 | $0.68 | $0.54 | $0.35 | $0.92 | $0.46 | $0.51 | $0.42 | $0.32 | $0.51 | $0.51 | |
| EPS (Diluted) | $0.76 | $0.67 | $0.64 | $0.52 | $0.50 | $0.56 | $0.67 | $0.54 | $0.34 | $0.91 | $0.45 | $0.51 | $0.41 | $0.31 | $0.50 | $0.50 | |
| Shares (Basic) | 366,000,000 | -746,000,000 | 369,000,000 | 374,000,000 | 374,000,000 | -792,000,000 | 387,000,000 | 394,000,000 | 402,000,000 | -886,000,000 | 431,000,000 | 443,000,000 | 447,000,000 | -1,000,000 | 452,000,000 | 455,000,000 | |
| Shares (Diluted) | 374,000,000 | -759,000,000 | 376,000,000 | 380,000,000 | 381,000,000 | -807,000,000 | 394,000,000 | 400,000,000 | 411,000,000 | -898,000,000 | 436,000,000 | 448,000,000 | 455,000,000 | 0 | 459,000,000 | 460,000,000 | |
| EBITDA | $532M | · | $389M | $296M | $453M | · | $334M | $297M | $359M | · | $348M | $376M | $424M | · | $321M | $325M |
Balance Sheet 26
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.84B | $2.39B | $3.06B | $2.25B | $2.24B | $2.29B | $2.31B | $2.60B | $2.24B | $2.47B | $2.76B | $2.90B | $2.66B | · | $2.56B | $2.45B | |
| Receivables | $5.04B | $4.68B | $3.84B | $3.86B | $3.92B | $3.67B | $3.38B | $3.50B | $2.95B | $3.03B | $3.60B | $3.80B | $3.76B | · | $3.94B | $3.96B | |
| Inventory | $6.45B | $5.84B | $5.55B | $5.27B | $5.21B | $5.07B | $5.27B | $5.47B | $5.84B | $6.21B | $6.82B | $7.17B | $7.53B | · | $7.84B | $7.73B | |
| Other Current Assets | $2.52B | $2.36B | $1.83B | $1.65B | $1.34B | $1.19B | $1.16B | $1.19B | $1.06B | $1.03B | $1.09B | $1.02B | $1.00B | · | $963M | $964M | |
| Current Assets | $18.24B | $16.33B | $15.15B | $13.84B | $13.47B | $12.84B | $12.76B | $13.35B | $12.55B | $12.99B | $14.88B | $15.46B | $15.54B | · | $15.82B | $15.63B | |
| PP&E (Net) | $2.65B | $2.50B | $2.39B | $2.35B | $2.33B | $2.33B | $2.24B | $2.25B | $2.23B | $2.27B | $2.33B | $2.33B | $2.36B | · | $2.29B | $2.20B | |
| PP&E (Gross) | · | $7.30B | · | · | · | $6.95B | · | · | · | $6.71B | · | · | · | · | · | · | |
| Accum. Depreciation | · | $4.80B | · | · | · | $4.62B | · | · | · | $4.44B | · | · | · | · | · | · | |
| Goodwill | $1.83B | $1.37B | $1.38B | $1.38B | $1.37B | $1.34B | $1.33B | $1.15B | $1.14B | $1.14B | $1.35B | $1.34B | $1.34B | $1.14B | $1.34B | $1.32B | |
| Intangibles | $736M | $283M | $300M | $314M | $330M | $343M | $343M | $223M | $230M | $245M | $266M | $275M | $299M | · | $332M | $328M | |
| Other Non-current Assets | $945M | $912M | $933M | $960M | $951M | $964M | $1.02B | $1.03B | $1.02B | $1.01B | $935M | $956M | $766M | · | $516M | $543M | |
| Total Assets | $25.20B | $22.06B | $20.82B | $19.55B | $19.13B | $18.38B | $18.27B | $18.59B | $17.74B | $18.26B | $20.37B | $20.97B | $20.94B | · | $20.89B | $20.62B | |
| Accounts Payable | $9.20B | $8.05B | $6.48B | $6.12B | $5.80B | $5.15B | $5.03B | $5.14B | $4.73B | $4.47B | $5.29B | $5.73B | $5.89B | · | $6.63B | $6.82B | |
| Current Liabilities | $13.22B | $12.02B | $10.86B | $10.37B | $9.92B | $9.85B | $9.04B | $9.31B | $8.97B | $8.54B | $9.39B | $10.11B | $10.64B | · | $11.67B | $12.15B | |
| Capital Leases | $711M | $565M | $583M | $604M | $583M | $456M | $475M | $476M | $463M | $490M | $502M | $497M | $514M | · | $499M | $495M | |
| Deferred Tax | · | $111M | · | · | · | $149M | · | · | · | $178M | · | · | · | · | · | · | |
| Other Non-current Liabilities | $548M | $584M | $500M | $520M | $535M | $590M | $621M | $623M | $637M | $642M | $602M | $597M | $554M | · | $601M | $631M | |
| Total Liabilities | $19.70B | $16.92B | $15.70B | $14.51B | $14.04B | $13.38B | $13.28B | $13.58B | $12.74B | $12.93B | $13.92B | $14.61B | $15.15B | · | $16.29B | $16.35B | |
| Long-term Debt | $5.22B | $3.75B | $4.43B | $3.69B | $3.68B | $3.69B | $3.68B | $3.71B | $3.21B | $3.26B | $3.43B | $3.41B | $3.60B | · | $4.04B | $4.01B | |
| Total Debt | $5.22B | · | $4.43B | $3.69B | $3.68B | · | $3.68B | $3.71B | $3.21B | · | $3.43B | $3.41B | $3.60B | · | $4.02B | $4.00B | |
| Retained Earnings | $2.45B | $2.16B | $1.91B | $1.68B | $1.48B | $1.28B | $1.06B | $799M | $585M | $446M | $51M | $-146M | $-374M | · | $-702M | $-932M | |
| Treasury Stock | $200M | $200M | $200M | $200M | $200M | $200M | · | · | · | $0 | $0 | $0 | $388M | · | $388M | $388M | |
| AOCI | $-150M | $-167M | $-104M | $-111M | $-116M | $-224M | $-279M | $-173M | $-238M | $-195M | $-142M | $-240M | $-169M | · | $-244M | $-352M | |
| Stockholders' Equity | $5.50B | $5.14B | $5.12B | $5.04B | $5.09B | $5.00B | $4.99B | $5.00B | $5.00B | $5.33B | $5.96B | $5.91B | $5.41B | · | $4.50B | $4.18B | |
| Liabilities + Equity | $25.20B | $22.06B | $20.82B | $19.55B | $19.13B | $18.38B | $18.27B | $18.59B | $17.74B | $18.26B | $20.37B | $20.97B | $20.94B | · | $20.89B | $20.62B | |
| Shares Outstanding | 369,387,510 | 365,690,291 | 367,621,500 | 370,865,873 | 376,212,465 | 377,817,433 | 384,327,094 | 389,775,099 | 399,382,891 | 408,000,000 | 427,319,202 | 437,913,956 | 449,037,356 | 450,000,000 | 451,644,718 | 453,637,403 |
Cash Flow 13
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $140M | · | $135M | $156M | $142M | · | $144M | $131M | $126M | · | $130M | $127M | $133M | · | $124M | · | |
| Amort. of Intangibles | $23M | $16M | $15M | $16M | $21M | $21M | $17M | $16M | $16M | $16M | $17M | $17M | $20M | $19M | $19M | $21M | |
| Restructuring | · | $48M | $6M | $10M | $23M | $31M | $12M | $18M | $25M | $75M | $74M | $3M | $23M | · | · | · | |
| Other Non-cash | $-298M | · | · | · | $130M | · | · | · | $150M | · | · | · | $-651M | · | · | · | |
| Operating Cash Flow | $276M | $413M | $420M | $453M | $399M | $433M | $413M | $319M | $340M | $679M | $284M | $357M | $6M | $450M | $359M | · | |
| CapEx | $236M | $202M | $148M | $150M | $133M | $112M | $112M | $103M | $111M | $81M | $130M | $152M | $167M | $180M | $159M | · | |
| Investing Cash Flow | $-1.28B | $-200M | $-138M | $-155M | $-179M | $-197M | $-435M | $-124M | $-82M | $-78M | $-117M | $-142M | $-155M | $-179M | $-154M | · | |
| Stock Issued | · | · | · | · | · | $0 | $0 | · | · | $0 | $0 | · | · | $694M | $0 | · | |
| Stock Repurchased | $0 | $200M | $200M | $297M | $247M | $299M | $201M | $300M | $457M | $517M | $275M | $309M | $197M | $44M | $40M | · | |
| Net Stock Activity | $0 | · | · | · | $-247M | · | · | · | $-457M | · | · | · | $-197M | · | · | · | |
| Financing Cash Flow | $1.46B | $-878M | $529M | $-292M | $-283M | $-297M | $-203M | $147M | $-468M | $-888M | $-308M | $26M | $-486M | $455M | $-157M | · | |
| Net Change in Cash | $451M | $-668M | $808M | $10M | $-50M | $-44M | $-268M | $358M | $-231M | $-290M | $-136M | $240M | $-634M | $729M | $112M | · | |
| Free Cash Flow | $40M | · | · | · | $266M | · | · | · | $229M | · | · | · | $-161M | · | · | · |
Profitability 8
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.4% | · | 9.6% | 9.0% | 8.7% | · | 9.1% | 8.1% | 7.5% | · | 9.0% | 8.9% | 8.0% | · | 7.5% | 7.6% | |
| Operating Margin | 4.9% | · | 5.5% | 4.3% | 4.7% | · | 5.1% | 4.5% | 3.7% | · | 4.9% | 5.0% | 4.0% | · | 4.1% | 4.2% | |
| Net Margin | 3.6% | · | 3.4% | 2.9% | 2.9% | · | 4.0% | 3.3% | 2.2% | · | 2.8% | 3.0% | 2.5% | · | 3.0% | 3.0% | |
| Pretax Margin | · | · | · | 3.9% | 3.7% | · | 4.4% | 4.0% | 3.0% | · | 4.3% | 4.3% | 3.3% | · | 3.4% | 3.5% | |
| EBITDA Margin | 6.7% | · | 5.5% | 4.3% | 6.9% | · | 5.1% | 4.5% | 5.7% | · | 4.9% | 5.0% | 5.8% | · | 4.1% | 4.2% | |
| ROA | 1.3% | · | 1.2% | 1.0% | 1.0% | · | 1.4% | 1.1% | 0.72% | · | 0.95% | 1.1% | 0.91% | · | 1.2% | 1.2% | |
| ROE | 5.4% | · | 4.7% | 4.0% | 3.8% | · | 4.8% | 3.9% | 2.7% | · | 3.8% | 4.5% | 3.9% | · | 5.6% | 6.0% | |
| ROIC | · | · | · | 2.6% | 2.8% | · | 3.5% | 2.8% | 2.1% | · | 2.8% | 5.0% | 2.9% | · | 3.4% | 3.5% |
Liquidity & Solvency 4
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.4 | · | 1.4 | 1.3 | 1.4 | · | 1.4 | 1.4 | 1.4 | · | 1.6 | 1.5 | 1.5 | · | 1.4 | 1.3 | |
| Quick Ratio | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.7 | 0.6 | · | 0.7 | 0.7 | 0.6 | · | 0.6 | 0.5 | |
| Debt / Equity | 0.9 | · | 0.9 | 0.7 | 0.7 | · | 0.7 | 0.7 | 0.6 | · | 0.6 | 0.6 | 0.7 | · | 0.9 | 1.0 | |
| LT Debt / Equity | 0.9 | · | 0.7 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.8 | 0.7 |
Efficiency 3
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.4 | 0.4 | · | 0.4 | 0.4 | |
| Inventory Turnover | 1.2 | · | 1.2 | 1.2 | 1.1 | · | 1.0 | 0.9 | 0.9 | · | 0.9 | 0.9 | 0.9 | · | 1.0 | 1.1 | |
| Receivables Turnover | 1.8 | · | 2.0 | 1.8 | 1.9 | · | 1.9 | 1.8 | 1.9 | · | 1.9 | 1.9 | 1.9 | · | 2.1 | 2.1 |
Valuation (TTM) 14
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $28.36B | · | $26.84B | $26.33B | $26.07B | · | $25.58B | $25.45B | $25.84B | · | $27.23B | $28.06B | $28.43B | · | $28.37B | $27.73B | |
| Net Income TTM | $915M | · | $852M | $876M | $891M | · | $1.01B | $945M | $959M | · | $753M | $786M | $790M | · | $819M | $816M | |
| Market Cap | $54.19B | · | $22.21B | $21.08B | $18.77B | · | $14.75B | $13.08B | $11.78B | · | $9.81B | $8.90B | $9.35B | · | $7.30B | $5.70B | |
| Enterprise Value | $56.57B | · | $23.59B | $22.52B | $20.21B | · | $16.12B | $14.19B | $12.75B | · | $10.48B | $9.42B | $10.29B | · | $8.75B | $7.24B | |
| P/E | 60.6 | · | 27.1 | 25.2 | 21.9 | · | 15.5 | 14.8 | 13.2 | · | 13.7 | 11.8 | 12.1 | · | 9.2 | 7.2 | |
| P/S | 1.9 | · | 0.8 | 0.8 | 0.7 | · | 0.6 | 0.5 | 0.5 | · | 0.4 | 0.3 | 0.3 | · | 0.3 | 0.2 | |
| P/B | 9.9 | · | 4.3 | 4.2 | 3.7 | · | 3.0 | 2.6 | 2.4 | · | 1.6 | 1.5 | 1.7 | · | 1.6 | 1.4 | |
| P / Tangible Book | 18.5 | · | 6.4 | 6.3 | 5.5 | · | 4.4 | 3.6 | 3.2 | · | 2.3 | 2.1 | 2.5 | · | 2.6 | 2.3 | |
| P / Cash Flow | 196.3 | · | · | · | 47.0 | · | · | · | 34.6 | · | · | · | 1558.8 | · | · | · | |
| P / FCF | 1354.7 | · | · | · | 70.6 | · | · | · | 51.4 | · | · | · | -58.1 | · | · | · | |
| EV / EBITDA | 106.3 | · | 60.6 | 76.1 | 44.6 | · | 48.3 | 47.8 | 35.5 | · | 30.1 | 25.0 | 24.3 | · | 27.3 | 22.3 | |
| EV / FCF | 1414.2 | · | · | · | 76.0 | · | · | · | 55.7 | · | · | · | -63.9 | · | · | · | |
| EV / Revenue | 2.0 | · | 0.9 | 0.9 | 0.8 | · | 0.6 | 0.6 | 0.5 | · | 0.4 | 0.3 | 0.4 | · | 0.3 | 0.3 | |
| Earnings Yield | 1.7% | · | 3.7% | 4.0% | 4.6% | · | 6.5% | 6.7% | 7.6% | · | 7.3% | 8.5% | 8.3% | · | 10.9% | 13.9% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | |
|---|---|---|---|---|---|
| Revenue | $27.91B | $25.81B | $26.41B | $28.50B | $24.63B |
| Gross Margin % | 9.2% | 8.4% | 7.1% | 7.5% | 7.4% |
| Operating Margin % | 4.9% | 4.5% | 3.2% | 3.9% | 3.7% |
| Net Income | $880M | $838M | $1.01B | $793M | $936M |
| Diluted EPS | $2.33 | $2.11 | $2.28 | $1.72 | $1.94 |
Balance Sheet
| 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.7 | 0.7 | 0.6 | 0.7 | 1.0 |
| Current Ratio | 1.4 | 1.3 | 1.5 | 1.5 | 1.3 |
| Quick Ratio | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 |
Cash Flow
| 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $1.05B | $1.07B | $796M | $315M | $581M |
Latest News Recent headlines mentioning this company
- Marvell Gets Another Shout-Out: It Is Joining the S&P 500
- Here’s Why Flex Ltd (FLEX) is Among the Best Performing Stocks in May
- S&P 500 To Add Marvell Technology And Flex; Remove Pool Corp And Campbell's
- Jim Cramer on Flex Ltd.: “I Say Buy”
- Flex Ltd (FLEX) Hits All-Time High on Strong Earnings, Business Spinoff
- Analyst Report: Flex Ltd
- IJH, FLEX, FTI, CW: Large Inflows Detected at ETF
- Notable ETF Outflow Detected - IJK, CASY, CW, FLEX
- Artisan Small Cap Fund Reduced Its Holdings in Flex (FLEX) as It Exceeded Its Small-Cap Mandate
- Waystar Stock Is Down 32% This Past Year, but One Fund Bought Up $11.5 Million Last Quarter
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 1,193 filers · $37.7B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 394 (+260 vs prior Q) | 53 (-28 vs prior Q) | 273 (+1 vs prior Q) | 360 (+80 vs prior Q) | +3.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $3,891,296,486 | 24,009,974 | 10.33% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $3,785,772,872 | 23,358,875 | 10.05% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,078,743,307 | 18,996,380 | 8.17% | Shares |
| STATE STREET CORP | $2,752,659,115 | 16,984,384 | 7.31% | Shares |
| FMR LLC | $2,718,302,353 | 16,772,397 | 7.22% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $2,396,761,012 | 14,788,431 | 6.36% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,464,990,392 | 9,078,305 | 3.89% | Shares |
| JANUS HENDERSON GROUP PLC | $1,161,822,963 | 17,748,594 | 3.08% | Shares |
| NORGES BANK | $811,190,009 | 5,005,183 | 2.15% | Shares |
| LYRICAL ASSET MANAGEMENT LP | $751,196,071 | 4,635,010 | 1.99% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $562,727,537 | 3,472,127 | 1.49% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $559,488,330 | 3,452,140 | 1.49% | Shares |
| Polar Capital Holdings Plc | $404,213,277 | 2,494,066 | 1.07% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $334,418,479 | 2,063,420 | 0.89% | Shares |
| Electron Capital Partners, LLC | $280,010,770 | 1,727,715 | 0.74% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $272,908,863 | 1,683,895 | 0.72% | Shares |
| AMERICAN CENTURY COMPANIES INC | $269,911,316 | 1,665,399 | 0.72% | Shares |
| EARNEST PARTNERS LLC | $264,383,819 | 1,631,294 | 0.70% | Shares |
| Qube Research & Technologies Ltd | $255,478,882 | 1,576,349 | 0.68% | Shares |
| Boston Partners | $250,045,970 | 1,542,827 | 0.66% | Shares |
| Holocene Advisors, LP | $233,901,369 | 1,443,212 | 0.62% | Shares |
| CITADEL ADVISORS LLC | $221,914,348 | 1,369,250 | 0.59% | Shares |
| Point72 Asset Management, L.P. | $207,282,668 | 1,278,970 | 0.55% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $203,793,139 | 1,257,439 | 0.54% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $198,168,217 | 1,222,732 | 0.53% | Shares |
| MILLENNIUM MANAGEMENT LLC | $190,616,362 | 1,176,136 | 0.51% | Shares |
| BlackRock, Inc. | $185,289,607 | 1,143,269 | 0.49% | Shares |
| GOLDMAN SACHS GROUP INC | $182,741,800 | 1,127,549 | 0.49% | Shares |
| Swiss National Bank | $168,058,487 | 1,036,950 | 0.45% | Shares |
| Third Point LLC | $166,932,100 | 1,030,000 | 0.44% | Shares |
| Nuveen Asset Management, LLC | $164,782,856 | 4,292,338 | 0.44% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $153,913,106 | 949,671 | 0.41% | Shares |
| 1832 Asset Management L.P. | $146,780,316 | 905,660 | 0.39% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $144,622,840 | 892,348 | 0.38% | Shares |
| COOKSON PEIRCE & CO INC | $141,746,585 | 874,601 | 0.38% | Shares |
| VANGUARD GROUP INC | $135,853,101 | 2,248,479 | 0.36% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $134,223,457 | 828,182 | 0.36% | Shares |
| JANE STREET GROUP, LLC | $133,302,575 | 822,500 | 0.35% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $133,091,884 | 821,200 | 0.35% | Call option |
| Munro Partners | $130,359,708 | 804,342 | 0.35% | Shares |
| Vanguard Global Advisers, LLC | $129,263,304 | 797,577 | 0.34% | Shares |
| LPL Financial LLC | $126,691,037 | 781,705 | 0.34% | Shares |
| National Pension Service | $126,033,411 | 777,648 | 0.33% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $125,843,303 | 776,475 | 0.33% | Shares |
| BARCLAYS PLC | $124,321,463 | 767,085 | 0.33% | Shares |
| Clear Harbor Asset Management, LLC | $122,269,174 | 754,422 | 0.32% | Shares |
| California Public Employees Retirement System | $117,597,020 | 725,594 | 0.31% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $116,344,867 | 717,868 | 0.31% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $115,009,410 | 709,628 | 0.31% | Shares |
| PFA Pension, Forsikringsaktieselskab | $105,036,856 | 648,096 | 0.28% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $101,408,496 | 625,708 | 0.27% | Shares |
| JANE STREET GROUP, LLC | $99,892,655 | 616,355 | 0.27% | Shares |
| RHUMBLINE ADVISERS | $99,475,055 | 613,779 | 0.26% | Shares |
| NEUBERGER BERMAN GROUP LLC | $96,004,069 | 592,362 | 0.25% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $94,949,196 | 585,853 | 0.25% | Shares |
| BANK OF AMERICA CORP /DE/ | $94,265,585 | 581,635 | 0.25% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $93,897,037 | 579,361 | 0.25% | Shares |
| Park West Asset Management LLC | $92,136,309 | 568,497 | 0.24% | Shares |
| UBS Group AG | $89,892,774 | 554,654 | 0.24% | Shares |
| JANE STREET GROUP, LLC | $89,835,401 | 554,300 | 0.24% | Call option |
| Balyasny Asset Management L.P. | $87,083,290 | 537,319 | 0.23% | Shares |
| BECKER CAPITAL MANAGEMENT INC | $86,047,501 | 530,928 | 0.23% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $85,803,424 | 529,422 | 0.23% | Shares |
| CITADEL ADVISORS LLC | $85,102,957 | 525,100 | 0.23% | Put option |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $84,455,487 | 521,105 | 0.22% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $77,747,572 | 479,716 | 0.21% | Shares |
| Jefferies Financial Group Inc. | $75,828,015 | 467,872 | 0.20% | Shares |
| CI INVESTMENTS INC. | $75,230,139 | 464,183 | 0.20% | Shares |
| ALLIANCEBERNSTEIN L.P. | $73,510,664 | 1,122,986 | 0.20% | Shares |
| Vinva Investment Management Ltd | $62,186,914 | 389,740 | 0.17% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $61,932,675 | 382,135 | 0.16% | Shares |
| Shannon River Fund Management LLC | $61,559,696 | 379,834 | 0.16% | Shares |
| Legal & General Group Plc | $61,343,819 | 378,502 | 0.16% | Shares |
| Capital World Investors | $60,254,385 | 371,780 | 0.16% | Shares |
| Oribel Capital Management, LP | $58,750,375 | 362,500 | 0.16% | Shares |
| Oribel Capital Management, LP | $58,750,375 | 362,500 | 0.16% | Put option |
| RAYMOND JAMES FINANCIAL INC | $58,631,254 | 361,765 | 0.16% | Shares |
| Blue Door Asset Management, LLC | $57,761,586 | 356,399 | 0.15% | Shares |
| Kinetic Partners Management, LP | $57,372,780 | 354,000 | 0.15% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $54,191,832 | 334,373 | 0.14% | Shares |
| SEI INVESTMENTS CO | $51,477,320 | 317,624 | 0.14% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $50,891,259 | 314,008 | 0.14% | Shares |
| AVIVA PLC | $50,197,779 | 309,729 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $49,584,830 | 305,947 | 0.13% | Shares |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | $49,369,439 | 304,618 | 0.13% | Shares |
| CITADEL ADVISORS LLC | $48,702,035 | 300,500 | 0.13% | Call option |
| FIRST TRUST ADVISORS LP | $47,446,682 | 292,756 | 0.13% | Shares |
| GENDELL JEFFREY L | $44,974,425 | 277,500 | 0.12% | Shares |
| Merewether Investment Management, LP | $44,666,492 | 275,600 | 0.12% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $44,243,003 | 272,987 | 0.12% | Shares |
| Korea Investment CORP | $43,821,621 | 270,387 | 0.12% | Shares |
| CORSAIR CAPITAL MANAGEMENT, L.P. | $43,183,389 | 266,449 | 0.11% | Shares |
| COZAD ASSET MANAGEMENT INC | $42,887,450 | 264,623 | 0.11% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $40,580,735 | 254,329 | 0.11% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $40,566,121 | 250,300 | 0.11% | Put option |
| BANK OF NOVA SCOTIA | $39,384,468 | 243,009 | 0.10% | Shares |
| Caption Management, LLC | $38,913,007 | 240,100 | 0.10% | Call option |
| AMERIPRISE FINANCIAL INC | $38,586,761 | 238,087 | 0.10% | Shares |
| Portolan Capital Management, LLC | $37,118,406 | 229,027 | 0.10% | Shares |
| TOCQUEVILLE ASSET MANAGEMENT L.P. | $36,582,116 | 225,718 | 0.10% | Shares |
Company insiders 56 insiders · 28 officers · 20 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Revathi Advaithi | Chief Executive Officer | Aug. 18, 2026 J | 117,857 | 0 | 24 | $-40,052,488 |
| Michael M Mcnamara | Chief Executive Officer | July 2, 2018 S | 3,423,877 | 0 | 0 | $0 |
| Kevin Krumm | Chief Financial Officer | June 15, 2026 S | 151,280 | 0 | 6 | $-499,987 |
| Paul Lundstrom | Chief Financial Officer | Sept. 18, 2023 S | 431,350 | 0 | 0 | $0 |
| Christopher Collier | Chief Financial Officer | June 30, 2020 S | 636,907 | 0 | 0 | $0 |
| Paul Read | Chief Financial Officer | Feb. 13, 2013 M | 445,750 | 0 | 0 | $0 |
| Thomas J Smach | Chief Financial Officer | June 23, 2008 A | 319,706 | 0 | 0 | $0 |
| Rebecca Sidelinger | Group President | June 14, 2023 A | 141,050 | 0 | 0 | $0 |
| Francois Barbier | Group President | Oct. 18, 2021 S | 385,342 | 0 | 0 | $0 |
| Paul Humphries | Group President | June 30, 2020 S | 563,257 | 0 | 0 | $0 |
| Douglas Britt | President | Jan. 16, 2020 S | 752,467 | 0 | 0 | $0 |
| Eslie C Sykes | President, I & EI | June 5, 2012 S | 404,471 | 0 | 0 | $0 |
| Michael Joseph Clarke | President, Infrastructure | June 3, 2011 A | 215,000 | 0 | 0 | $0 |
| Sean P Burke | President, Computing | May 3, 2011 S | 165,000 | 0 | 0 | $0 |
| Werner F Widmann | President, Multek | Dec. 1, 2010 M | 60,000 | 0 | 0 | $0 |
| Gernot Weiss | President, Mobile Market | Sept. 21, 2009 M | 69,500 | 0 | 0 | $0 |
| Greg Westbrook | President, Consumer Digital | Dec. 5, 2008 A | 130,000 | 0 | 0 | $0 |
| Kwang Hooi Tan | Chief Operating Officer | June 18, 2026 S | 248,546 | 0 | 12 | $-6,715,454 |
| Hartung Michael P | Chief Commercial Officer | Aug. 18, 2026 S | 243,175 | 0 | 18 | $-5,871,034 |
| Daniel Wendler | Chief Accounting Officer | June 18, 2026 S | 37,932 | 0 | 12 | $-985,488 |
| David Scott Offer | EVP, General Counsel | June 18, 2026 S | 91,122 | 0 | 18 | $-9,689,778 |
| David P Bennett | Chief Accounting Officer | Sept. 22, 2021 S | 76,175 | 0 | 0 | $0 |
| Jonathan S Hoak | EVP and General Counsel | June 13, 2016 S | 280,325 | 0 | 0 | $0 |
| Carrie Schiff | Senior VP and General Counsel | May 4, 2010 S | 40,000 | 0 | 0 | $0 |
| BRATHWAITE NICHOLAS | Chief Technology Officer | May 2, 2007 S | 160,085 | 0 | 0 | $0 |
| Peter Tan | Exec. Vice President, Asia | Aug. 16, 2006 M | 72,000 | 0 | 0 | $0 |
| Ronny Nilsson | Pres., Flex. Network Services | Aug. 23, 2004 A | 135,000 | 0 | 0 | $0 |
| Ronald Snyder | Pres. Flex Semiconductor | Sept. 23, 2003 M | 353,591 | 0 | 0 | $0 |
| Pat Ward | Director | Aug. 5, 2026 A | 7,051 | 0 | 0 | $0 |
| Michael D Capellas | Director | Aug. 2, 2023 A | 294,634 | 0 | 0 | $0 |
| Marc A Onetto | Director | Aug. 25, 2022 A | 9,871 | 0 | 0 | $0 |
| Jennifer Li | Director | Oct. 15, 2021 A | 78,999 | 0 | 0 | $0 |
| Willy C Shih | Director | Aug. 4, 2021 A | 10,475 | 0 | 0 | $0 |
| Lawrence A Zimmerman | Director | Aug. 7, 2020 A | 139,821 | 0 | 0 | $0 |
| Jill A Greenthal | Director | Aug. 20, 2019 A | 36,168 | 0 | 0 | $0 |
| Daniel H Schulman | Director | Aug. 16, 2017 A | 166,775 | 0 | 0 | $0 |
| Raymond H Bingham | Director | Nov. 25, 2016 S | 43,262 | 0 | 0 | $0 |
| James Davidson | Director | Oct. 15, 2013 A | 105,217 | 0 | 0 | $0 |
| Robert L Edwards | Director | Aug. 30, 2012 A | 48,591 | 0 | 0 | $0 |
| Lip Bu Tan | Director | Aug. 9, 2011 P | 31,398 | 0 | 0 | $0 |
| Ajay B Shah | Director | Sept. 22, 2009 A | 89,792 | 0 | 0 | $0 |
| Rockwell A Schnabel | Director | Sept. 22, 2009 A | 63,298 | 0 | 0 | $0 |
| Richard L Sharp | Director | Sept. 30, 2008 A | 14,124 | 0 | 0 | $0 |
| Michael E Marks | Director | Sept. 27, 2007 A | 249,820 | 0 | 0 | $0 |
| Machael Moritz | Director | Sept. 20, 2005 A | 7,898 | 0 | 0 | $0 |
| Patrick Foley | Director | Sept. 20, 2005 A | 7,898 | 0 | 0 | $0 |
| FLEX LTD. | 10% owner | Jan. 2, 2024 J | — | 0 | 0 | $0 |
| Maryrose Sylvester | — | Aug. 5, 2026 A | 28,552 | 0 | 0 | $0 |
| Erin Mcsweeney | — | Aug. 5, 2026 A | 11,440 | 0 | 0 | $0 |
| Charles K. Stevens III | — | Aug. 5, 2026 A | 48,584 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 98 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| BCUS · Exchange Listed Funds Trust | 4.78% | 34,260 NS | May 31, 2026 | N-PORT |
| QQQJ · Invesco Exchange-Traded Fund Trust … | 2.00% | 212,002 SH | Aug. 20, 2026 | Daily |
| OASC · Unified Series Trust | 1.71% | 9,543 NS | May 31, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 1.67% | 69,048 NS | May 31, 2026 | N-PORT |
| AVLV · AMERICAN CENTURY ETF TRUST | 1.06% | 906,250 NS | May 31, 2026 | N-PORT |
| RSPT · Invesco Exchange-Traded Fund Trust | 1.06% | 544,487 SH | Aug. 20, 2026 | Daily |
| ESLV · Strategy Shares | 1.04% | 1,333 NS | April 30, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.88% | 2,468 NS | April 30, 2026 | N-PORT |
| RPG · Invesco Exchange-Traded Fund Trust | 0.79% | 137,910 SH | Aug. 20, 2026 | Daily |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.72% | 19,432 NS | May 31, 2026 | N-PORT |
| TEXN · iShares Trust | 0.69% | 1,062 SH | Aug. 20, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.67% | 6,089 NS | April 30, 2026 | N-PORT |
| VOT · VANGUARD INDEX FUNDS | 0.65% | 1,402,344 SH | Aug. 19, 2026 | Daily |
| QINT · AMERICAN CENTURY ETF TRUST | 0.60% | 24,887 NS | May 31, 2026 | N-PORT |
| ESUM · Strategy Shares | 0.58% | 9,729 NS | April 30, 2026 | N-PORT |
| IMCG · iShares Trust | 0.53% | 191,971 SH | Aug. 20, 2026 | Daily |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.47% | 14,555 NS | May 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.41% | 1,213,181 SH | Aug. 19, 2026 | Daily |
| ESLG · Strategy Shares | 0.40% | 848 NS | April 30, 2026 | N-PORT |
| IWS · iShares Trust | 0.39% | 550,899 SH | Aug. 20, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.35% | 4,201,413 SH | Aug. 19, 2026 | Daily |
| VLUE · iShares Trust | 0.32% | 277,071 SH | Aug. 20, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.32% | 1,333,463 SH | Aug. 19, 2026 | Daily |
| DFLV · Dimensional ETF Trust | 0.30% | 196,032 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.29% | 14,688 NS | May 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.29% | 1,491,048 SH | Aug. 20, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.29% | 3,969,157 SH | Aug. 19, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.29% | 35,337 SH | Aug. 19, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.29% | 3,008,414 SH | Aug. 19, 2026 | Daily |
| AVLC · AMERICAN CENTURY ETF TRUST | 0.29% | 24,194 NS | May 31, 2026 | N-PORT |
| MTUM · iShares Trust | 0.28% | 625,744 SH | Aug. 20, 2026 | Daily |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.28% | 250,133 NS | May 31, 2026 | N-PORT |
| IMCB · iShares Trust | 0.27% | 40,426 SH | Aug. 20, 2026 | Daily |
| GXPT · Global X Funds | 0.23% | 1,534 NS | May 31, 2026 | N-PORT |
| XOEF · iShares Trust | 0.23% | 461 SH | Aug. 20, 2026 | Daily |
| IYW · iShares Trust | 0.21% | 458,937 SH | Aug. 20, 2026 | Daily |
| IGM · iShares Trust | 0.19% | 173,680 SH | Aug. 20, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.19% | 294,590 NS | April 30, 2026 | N-PORT |
| VOOG · VANGUARD ADMIRAL FUNDS | 0.17% | 272,716 SH | Aug. 19, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.17% | 221,064 SH | Aug. 19, 2026 | Daily |
| USXF · iShares Trust | 0.16% | 21,385 SH | Aug. 20, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.16% | 190,000 | Aug. 20, 2026 | Daily |
| EUSA · iShares, Inc. | 0.16% | 27,233 SH | Aug. 20, 2026 | Daily |
| SIZE · iShares Trust | 0.16% | 6,158 SH | Aug. 20, 2026 | Daily |
| IXN · iShares Trust | 0.16% | 128,570 SH | Aug. 20, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.15% | 8,185 NS | April 30, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.15% | 1,336,328 SH | Aug. 20, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.12% | 5,296 NS | April 30, 2026 | N-PORT |
| ILCG · iShares Trust | 0.12% | 34,439 SH | Aug. 20, 2026 | Daily |
| DSI · iShares Trust | 0.12% | 56,572 SH | Aug. 20, 2026 | Daily |