FLEX Flex Ltd. - Ordinary Shares

NASDAQ · Electrical Equipment · View on SEC EDGAR ↗

$130.96

Price · May 20, 2026

Fundamentals as of Feb 6, 2026

FLEX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$130.96

Market Cap

$12.50B

P/E (TTM)

15.7

EPS (TTM)

$2.11

Revenue (TTM)

$25.81B

Div Yield

—

ROE

16.8%

Debt/Equity

0.7

52W Range

$40 – $147

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

Revenue & Net Income $25.81B

2016-03-31 → 2025-03-31

EPS $2.11

2016-03-31 → 2025-03-31

Free Cash Flow $1.07B

2016-03-31 → 2025-03-31

Margins 3.2%

2016-03-31 → 2025-03-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

FLEX

Peer Median

P/E (TTM)

15.7

28.3

P/S (TTM)

0.5

0.8

P/B

2.5

1.4

EV / EBITDA

11.9

—

Price / FCF

11.7

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

FLEX

Peer Median

Gross Margin

8.4%

18.0%

Operating Margin

4.5%

—

Net Profit Margin

3.2%

0.25%

ROA

4.6%

0.31%

ROE

16.8%

0.13%

ROIC

11.0%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

FLEX

Peer Median

Debt / Equity

0.7

48.8

Current Ratio

1.3

2.3

Quick Ratio

0.6

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

FLEX

Peer Median

Revenue YoY

-2.3%

—

Revenue CAGR 3Y

1.6%

—

EPS YoY

-7.5%

—

Net Income YoY

-16.7%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

FLEX

Peer Median

EPS (Diluted)

$2.11

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

FLEX

Peer Median

FLEX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 19 analysts

Strong Buy 7 36.8%
Buy 11 57.9%
Hold 1 5.3%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

9 analysts · 2026-05-18

Median $165.00

Now $130.96

Low $80.00

High $180.00

Median target $165.00 +26.0%

Mean target $159.00 +21.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.05%

Period	EPS Actual	EPS Est	Surprise
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 Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
FLEX	$12.50B	15.7	-2.3%	3.2%	16.8%	8.4%
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	$466M	28.3	-13.3%	1.1%	3.1%	7.0%
MEI	—	-3.8	-6.0%	-6.0%	-9.0%	15.6%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17

Annual Income Statement data for FLEX
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$25.81B	$26.41B	$28.50B	$24.63B	$24.12B	$24.21B	$26.21B	$25.44B	$23.86B	$24.42B	$26.15B	$26.11B
Cost of Revenue	$23.58B	$24.39B	$26.50B	$22.84B	$22.35B	$22.68B	$24.59B	$23.78B	$22.30B	$22.81B	$24.60B	$24.61B
Gross Profit	$2.16B	$1.86B	$1.98B	$1.78B	$1.69B	$1.34B	$1.52B	$1.60B	$1.52B	$1.61B	$1.55B	$1.44B
R&D Expense	·	·	·	·	·	·	·	$78M	$66M	$61M	$26M	$30M
SG&A Expense	$904M	$922M	$874M	$830M	$817M	$834M	$953M	$1.02B	$937M	$955M	$844M	$875M
Operating Income	$1.17B	$853M	$1.02B	$890M	$795M	$415M	·	·	·	·	·	·
Interest Expense	·	$207M	$230M	$166M	·	$7M	·	$123M	$108M	$98M	$76M	$80M
Interest Income	$61M	$56M	$30M	$14M	$14M	$19M	$19M	$19M	$12M	$12M	$19M	$18M
Other Non-op	$14M	$-44M	$-6M	$165M	$-16M	$-82M	$-120M	$170M	$-21M	$-85M	$-51M	$-62M
Pretax Income	$1.02B	$666M	$807M	$964M	$714M	$159M	$182M	$521M	$371M	$455M	$671M	$400M
Income Tax	$185M	$-206M	$124M	$92M	$101M	$71M	$89M	$92M	$51M	$11M	$70M	$35M
Net Income	$838M	$1.01B	$793M	$936M	$613M	$88M	$93M	$429M	$320M	$444M	$601M	$366M
EPS (Basic)	$2.14	$2.31	$1.75	$1.97	$1.23	$0.17	$0.18	$0.81	$0.59	$0.80	$1.04	$0.60
EPS (Diluted)	$2.11	$2.28	$1.72	$1.94	$1.21	$0.17	$0.18	$0.80	$0.59	$0.79	$1.02	$0.59
Shares (Basic)	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	610,497,000
Shares (Diluted)	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	623,479,000
EBITDA	$1.17B	$853M	$1.18B	$972M	·	·	$433M	·	$610M	$515M	$540M	$465M

Balance Sheet 27

Annual Balance Sheet data for FLEX
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$2.29B	$2.47B	$3.16B	$2.96B	$2.64B	$1.92B	$1.70B	$1.47B	$1.83B	$1.83B	$1.63B	$1.59B
Receivables	$3.67B	$3.03B	$3.48B	$3.37B	$3.96B	$2.44B	$2.61B	$2.52B	$2.19B	$2.04B	$2.34B	$2.70B
Inventory	$5.07B	$6.21B	$7.39B	$6.58B	$3.90B	$3.79B	$3.72B	$3.80B	$3.40B	$3.49B	$3.49B	$3.60B
Other Current Assets	$1.19B	$1.03B	$875M	$903M	$590M	$660M	$855M	$1.38B	$968M	$1.17B	$1.29B	$1.51B
Current Assets	$12.84B	$12.99B	$16.03B	$14.34B	$11.36B	$9.09B	$9.10B	$9.17B	$8.39B	$8.32B	$8.74B	$9.40B
PP&E (Net)	$2.33B	$2.27B	$2.34B	$2.12B	$2.10B	$2.22B	$2.34B	$2.24B	$2.32B	$2.26B	$2.09B	$2.29B
PP&E (Gross)	$6.95B	$6.71B	$6.54B	$6.10B	$5.84B	$5.74B	$5.79B	$5.50B	$5.73B	$5.51B	$5.16B	$5.11B
Accum. Depreciation	$4.62B	$4.44B	$4.20B	$3.98B	$3.75B	$3.52B	$3.45B	$3.26B	$3.41B	$3.26B	$3.07B	$2.82B
Goodwill	$1.34B	$1.14B	$1.14B	$1.14B	$1.09B	$1.06B	$1.07B	$1.12B	$985M	$942M	$334M	$293M
Intangibles	$343M	$245M	$315M	$411M	$213M	$262M	$331M	$424M	$362M	$404M	$82M	$84M
Other Non-current Assets	$964M	$1.01B	$490M	$473M	$431M	$456M	$656M	$760M	$542M	$466M	$405M	$434M
Total Assets	$18.38B	$18.26B	$21.41B	$19.32B	$15.84B	$13.69B	$13.50B	$13.72B	$12.59B	$12.38B	$11.65B	$12.50B
Accounts Payable	$5.15B	$4.47B	$5.72B	$6.25B	$5.25B	$5.11B	$5.15B	$5.12B	$4.48B	$4.25B	$4.56B	$4.75B
Current Liabilities	$9.85B	$8.54B	$10.87B	$10.71B	$7.83B	$7.21B	$7.60B	$7.27B	$6.50B	$6.57B	$6.76B	$7.66B
Capital Leases	$456M	$490M	$504M	$551M	$562M	$529M	$0	·	$14M	$18M	$2M	$5M
Deferred Tax	$149M	$178M	$71M	$86M	$60M	$71M	$67M	·	·	·	·	·
Other Non-current Liabilities	$590M	$642M	$554M	$608M	$489M	$430M	$508M	$532M	$520M	$498M	$476M	$572M
Total Liabilities	$13.38B	$12.93B	$15.70B	$15.12B	$12.40B	·	·	·	·	·	·	·
Long-term Debt	$3.69B	$3.26B	$3.69B	$4.20B	$3.80B	$2.85B	$3.07B	$2.95B	$2.97B	$2.79B	$2.08B	$2.10B
Total Debt	$3.69B	$3.26B	$3.84B	$4.20B	$3.78B	$2.84B	$3.05B	·	$2.95B	$2.77B	$2.08B	$2.10B
Common Stock	·	·	·	·	·	·	·	$6.64B	$6.73B	$6.99B	$7.27B	$7.61B
Retained Earnings	$1.28B	$446M	$-560M	$-1.35B	$-2.29B	$-2.90B	$-3.01B	$-3.14B	$-3.57B	$-3.89B	$-4.34B	$-4.94B
Treasury Stock	$200M	$0	$388M	$388M	$388M	$388M	$388M	$388M	$388M	$388M	$388M	$388M
AOCI	$-224M	$-195M	$-194M	$-182M	$-119M	$-215M	$-151M	$-86M	$-128M	$-136M	$-181M	$-126M
Stockholders' Equity	$5.00B	$5.33B	$5.35B	$4.13B	$3.44B	$2.83B	$2.97B	$3.02B	$2.68B	$2.61B	$2.36B	$2.16B
Liabilities + Equity	$18.38B	$18.26B	$21.41B	$19.32B	$15.84B	$13.69B	$13.50B	$13.72B	$12.59B	$12.38B	$11.65B	$12.50B
Shares Outstanding	377,817,433	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	591,427,000

Cash Flow 17

Annual Cash Flow data for FLEX
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	·	·	·	·	·	·	$433M	$434M	$432M	$515M	$540M	$465M
Stock-based Comp	$125M	$152M	$133M	$91M	$79M	$71M	$76M	$81M	$77M	$78M	$50M	$40M
Deferred Tax	$55M	$-370M	$1M	$-44M	$-5M	$7M	$-12M	$39M	$-22M	$-64M	$-60M	$-38M
Amort. of Intangibles	$70M	$70M	$81M	$60M	$62M	$64M	$74M	$79M	$81M	$66M	$32M	$29M
Restructuring	$86M	$175M	$27M	$15M	$101M	$216M	$113M	$91M	$39M	$0	$0	$75M
Other Non-cash	·	·	·	·	·	·	$-3.56B	·	$165M	$164M	$-333M	$385M
Operating Cash Flow	$1.50B	$1.33B	$950M	$1.02B	$144M	$-1.53B	$-2.97B	$-3.87B	$-3.82B	$1.14B	$794M	$1.22B
CapEx	$438M	$530M	$635M	$443M	$351M	$462M	$726M	$562M	$525M	$511M	$347M	$610M
Investing Cash Flow	$-838M	$-492M	$-604M	$-951M	$-202M	$2.28B	$3.25B	$3.71B	$4.27B	$-1.40B	$-242M	$-784M
Stock Issued	$0	$552M	$694M	$0	$0	·	·	·	·	·	·	$28M
Stock Repurchased	$1.26B	$1.30B	$337M	$686M	$183M	$260M	$189M	$180M	$350M	$420M	$416M	$475M
Net Stock Activity	$-1.26B	$-746M	$357M	$-686M	$-183M	$-260M	$-189M	·	$-350M	$-420M	$-416M	$-447M
Financing Cash Flow	$-821M	$-1.66B	$2M	$280M	$743M	$-508M	$-30M	$-188M	$-242M	$250M	$-516M	$-411M
Net Change in Cash	$-185M	$-820M	$330M	$327M	$714M	$226M	$225M	$-358M	$223M	$-21M	$35M	$7M
Taxes Paid	$184M	$243M	$124M	$122M	$105M	$99M	$134M	$92M	$87M	$105M	$71M	$88M
Free Cash Flow	$1.07B	$796M	$315M	$581M	$-207M	$-2.00B	$-3.70B	·	$625M	$626M	$447M	$607M
Levered FCF	·	$525M	·	·	·	$-2.00B	·	·	$532M	$530M	$378M	$534M

Profitability 8

Annual Profitability data for FLEX
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Gross Margin	8.4%	7.1%	7.5%	7.4%	7.0%	5.5%	5.8%	·	6.4%	6.6%	5.9%	5.5%
Operating Margin	4.5%	3.2%	3.9%	3.7%	·	·	·	·	·	·	·	·
Net Margin	3.2%	3.8%	2.6%	3.6%	2.5%	0.36%	0.36%	·	1.3%	1.8%	2.3%	1.4%
Pretax Margin	4.0%	2.5%	3.2%	4.0%	3.0%	0.65%	0.69%	·	1.6%	1.9%	2.6%	1.5%
EBITDA Margin	4.5%	3.2%	3.9%	3.7%	·	·	1.7%	·	2.5%	2.1%	2.1%	1.8%
ROA	4.6%	5.1%	3.9%	5.3%	4.2%	0.64%	0.69%	·	2.6%	3.7%	4.9%	3.2%
ROE	16.8%	18.9%	16.6%	24.1%	18.0%	3.1%	3.1%	·	12.2%	18.0%	26.4%	16.6%
ROIC	11.0%	13.0%	13.7%	10.5%	·	·	·	·	·	·	·	·

Liquidity & Solvency 5

Annual Liquidity & Solvency data for FLEX
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.3	1.5	1.5	1.3	1.5	1.3	1.2	·	1.3	1.3	1.3	1.2
Quick Ratio	0.6	0.6	0.6	0.6	0.9	0.6	0.6	·	0.6	0.6	0.6	0.6
Debt / Equity	0.7	0.6	0.7	1.0	1.1	1.0	1.0	·	1.1	1.1	0.9	1.0
LT Debt / Equity	0.5	0.6	0.7	0.8	1.0	0.9	0.8	·	1.1	1.1	0.9	1.0
Interest Coverage	·	4.1	·	·	·	·	·	·	·	·	·	·

Efficiency 3

Annual Efficiency data for FLEX
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	1.4	1.3	1.5	1.5	1.6	1.8	1.9	·	1.9	2.0	2.2	2.3
Inventory Turnover	4.2	3.6	4.0	4.6	5.8	6.0	6.5	·	6.5	6.5	6.9	7.8
Receivables Turnover	7.7	8.1	8.5	7.1	7.4	9.6	10.2	·	11.3	11.1	10.4	10.9

Per Share 5

Annual Per Share data for FLEX
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$13.24	$13.05	$11.89	$8.97	$6.98	$5.69	$5.75	·	$4.98	$4.72	$4.19	$3.66
Revenue / Share	$64.86	$59.90	$65.68	$53.92	$47.68	$47.24	$49.45	·	$43.69	$43.23	$44.20	$41.88
Cash Flow / Share	$3.78	$3.01	$2.06	$2.12	$0.28	$-2.99	$-5.61	·	$2.11	$2.01	$1.34	$1.95
Cash / Share	$6.06	$6.06	$7.32	$6.44	$5.35	$3.87	$3.28	·	$3.45	$2.95	$2.89	$2.69
EPS (TTM)	$2.11	$2.28	$1.72	$1.94	$1.21	$0.17	$0.18	$0.80	$0.59	$0.79	$1.02	$0.59

Growth Rates 6

Annual Growth Rates data for FLEX
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	-2.3%	-7.3%	15.7%	2.1%	·	·	·	·	·	·	·	·
Revenue CAGR 3Y	1.6%	3.1%	·	·	·	·	·	·	·	·	·	·
EPS YoY	-7.5%	32.6%	-11.3%	60.3%	·	·	·	·	·	·	·	·
EPS CAGR 3Y	2.8%	23.5%	·	·	·	·	·	·	·	·	·	·
Net Income YoY	-16.7%	26.9%	-15.3%	52.7%	·	·	·	·	·	·	·	·
Net Income CAGR 3Y	-3.6%	17.9%	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 14

Annual Valuation (TTM) data for FLEX
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$25.81B	$26.41B	$28.50B	$24.63B	$24.12B	$24.21B	$26.21B	$25.44B	$23.86B	$24.42B	$26.15B	$26.11B
Net Income TTM	$838M	$1.01B	$793M	$936M	$613M	$88M	$93M	$429M	$320M	$444M	$601M	$366M
Market Cap	$12.50B	$11.68B	$7.81B	$6.44B	$6.80B	$3.14B	$3.89B	·	$6.73B	$4.95B	$5.38B	$4.12B
Enterprise Value	$13.90B	$12.46B	$8.35B	$7.67B	$7.94B	$4.06B	$5.25B	·	$7.85B	$6.12B	$5.84B	$4.63B
P/E	15.7	12.5	10.1	7.2	11.4	37.1	41.9	15.4	21.5	11.5	9.4	11.8
P/S	0.5	0.4	0.3	0.3	0.3	0.1	0.1	·	0.3	0.2	0.2	0.2
P/B	2.5	2.2	1.5	1.6	2.0	1.1	1.3	·	2.5	1.9	2.3	1.9
P / Tangible Book	3.8	3.0	2.0	2.5	3.2	·	·	·	·	·	·	·
P / Cash Flow	8.3	8.8	8.2	6.3	47.2	-2.0	-1.3	·	5.8	4.4	6.8	3.4
P / FCF	11.7	14.7	24.8	11.1	-32.8	-1.6	-1.1	·	10.8	7.9	12.1	6.8
EV / EBITDA	11.9	14.6	7.1	7.9	·	·	12.1	·	12.9	11.9	10.8	10.0
EV / FCF	13.0	15.7	26.5	13.2	-38.4	-2.0	-1.4	·	12.6	9.8	13.1	7.6
EV / Revenue	0.5	0.5	0.3	0.3	0.3	0.2	0.2	·	0.3	0.3	0.2	0.2
Earnings Yield	6.4%	8.0%	9.9%	13.9%	8.8%	2.7%	2.4%	6.5%	4.7%	8.7%	10.7%	8.5%

Income Statement 15

Quarterly Income Statement data for FLEX
Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q2 2022	Q4 2022
Revenue	$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	$6.96B	$5.44B
Cost of Revenue	$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	$6.81B	$5.09B
Gross Profit	$679M	$614M	$572M	$563M	$594M	$531M	$471M	$437M	$433M	$519M	$476M	$267M	$499M	$525M	$487M	$352M
SG&A Expense	$270M	$260M	$233M	$234M	$241M	$216M	$213M	$261M	$205M	$221M	$235M	$145M	$243M	$245M	$241M	$192M
Operating Income	$389M	$296M	$311M	$305M	$334M	$297M	$233M	$159M	$198M	$281M	$215M	$99M	$259M	$282M	$253M	$145M
Interest Income	$15M	$10M	$13M	$13M	$16M	$16M	$16M	$12M	$13M	$15M	$16M	$13M	$8M	$5M	$4M	$3M
Other Non-op	$-25M	$13M	$-7M	$13M	$-5M	$8M	$-2M	$-10M	$-9M	$-14M	$-11M	$-4M	$-5M	$-6M	$9M	$62M
Pretax Income	·	$262M	$246M	$279M	$288M	$264M	$192M	$117M	$152M	$233M	$164M	$41M	$262M	$272M	$232M	$116M
Income Tax	$81M	$63M	$54M	$57M	$25M	$50M	$53M	$-278M	$23M	$32M	$17M	$28M	$25M	$34M	$37M	$13M
Net Income	$239M	$199M	$192M	$222M	$263M	$214M	$139M	$395M	$197M	$228M	$186M	$142M	$230M	$232M	$189M	$167M
EPS (Basic)	$0.65	$0.53	$0.51	$0.58	$0.68	$0.54	$0.35	$0.95	$0.46	$0.51	$0.42	$0.32	$0.51	$0.51	$0.41	$0.37
EPS (Diluted)	$0.64	$0.52	$0.50	$0.57	$0.67	$0.54	$0.34	$0.93	$0.45	$0.51	$0.41	$0.31	$0.50	$0.50	$0.40	$0.36
Shares (Basic)	369,000,000	374,000,000	374,000,000	381,000,000	387,000,000	394,000,000	402,000,000	417,000,000	431,000,000	443,000,000	447,000,000	-1,000,000	452,000,000	455,000,000	458,000,000	-5,000,000
Shares (Diluted)	376,000,000	380,000,000	381,000,000	389,000,000	394,000,000	400,000,000	411,000,000	425,000,000	436,000,000	448,000,000	455,000,000	0	459,000,000	460,000,000	468,000,000	-4,000,000
EBITDA	$389M	$296M	$453M	·	$334M	$297M	$359M	·	$348M	$376M	$424M	·	$321M	$325M	$396M	·

Balance Sheet 26

Quarterly Balance Sheet data for FLEX
Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q2 2022	Q4 2022
Cash & Equivalents	$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	$2.65B	·
Receivables	$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	$3.78B	·
Inventory	$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	$7.24B	·
Other Current Assets	$1.83B	$1.65B	$1.34B	$1.19B	$1.16B	$1.19B	$1.06B	$1.03B	$1.09B	$1.02B	$1.00B	·	$963M	$964M	$965M	·
Current Assets	$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	$15.15B	·
PP&E (Net)	$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	$2.13B	·
PP&E (Gross)	·	·	·	$6.95B	·	·	·	$6.71B	·	·	·	·	·	·	·	·
Accum. Depreciation	·	·	·	$4.62B	·	·	·	$4.44B	·	·	·	·	·	·	·	·
Goodwill	$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	$1.34B	$1.14B
Intangibles	$300M	$314M	$330M	$343M	$343M	$223M	$230M	$245M	$266M	$275M	$299M	·	$332M	$328M	$372M	·
Other Non-current Assets	$933M	$960M	$951M	$964M	$1.02B	$1.03B	$1.02B	$1.01B	$935M	$956M	$766M	·	$516M	$543M	$453M	·
Total Assets	$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	$20.05B	·
Accounts Payable	$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	$6.69B	·
Current Liabilities	$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	$11.59B	·
Capital Leases	$583M	$604M	$583M	$456M	$475M	$476M	$463M	$490M	$502M	$497M	$514M	·	$499M	$495M	$520M	·
Deferred Tax	·	·	·	$149M	·	·	·	$178M	·	·	·	·	·	·	·	·
Other Non-current Liabilities	$500M	$520M	$535M	$590M	$621M	$623M	$637M	$642M	$602M	$597M	$554M	·	$601M	$631M	$640M	·
Total Liabilities	$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	$15.88B	·
Long-term Debt	$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	$4.09B	·
Total Debt	$4.43B	$3.69B	$3.68B	·	$3.68B	$3.71B	$3.21B	·	$3.43B	$3.41B	$3.60B	·	$4.02B	$4.00B	·	·
Retained Earnings	$1.91B	$1.68B	$1.48B	$1.28B	$1.06B	$799M	$585M	$446M	$51M	$-146M	$-374M	·	$-702M	$-932M	$-1.16B	·
Treasury Stock	$200M	$200M	$200M	$200M	·	·	·	$0	$0	$0	$388M	·	$388M	$388M	$388M	·
AOCI	$-104M	$-111M	$-116M	$-224M	$-279M	$-173M	$-238M	$-195M	$-142M	$-240M	$-169M	·	$-244M	$-352M	$-254M	·
Stockholders' Equity	$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	$4.09B	·
Liabilities + Equity	$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	$20.05B	·
Shares Outstanding	367,621,500	370,865,873	376,212,465	377,817,433	384,327,094	389,775,099	399,382,891	408,101,772	427,319,202	437,913,956	449,037,356	450,000,000	451,644,718	453,637,403	457,542,854	461,000,000

Cash Flow 13

Quarterly Cash Flow data for FLEX
Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q2 2022	Q4 2022
D&A	$135M	$156M	$142M	·	$144M	$131M	$126M	·	$130M	$127M	$133M	·	$124M	·	$124M	·
Amort. of Intangibles	$15M	$16M	$21M	$21M	$17M	$16M	$16M	$16M	$17M	$17M	$20M	$19M	$19M	$21M	$22M	$15M
Restructuring	$6M	$10M	$23M	$31M	$12M	$18M	$25M	$75M	$74M	$3M	$23M	·	·	·	·	·
Other Non-cash	·	·	$130M	·	·	·	$150M	·	·	·	$-651M	·	·	·	$-556M	·
Operating Cash Flow	$420M	$453M	$399M	$433M	$413M	$319M	$340M	$679M	$284M	$357M	$6M	$450M	$359M	·	$38M	$360M
CapEx	$148M	$150M	$133M	$112M	$112M	$103M	$111M	$81M	$130M	$152M	$167M	$180M	$159M	·	$107M	$110M
Investing Cash Flow	$-138M	$-155M	$-179M	$-197M	$-435M	$-124M	$-82M	$-78M	$-117M	$-142M	$-155M	$-179M	$-154M	·	$-89M	$-123M
Stock Issued	·	·	·	$0	$0	·	·	$0	$0	·	·	$694M	$0	·	·	·
Stock Repurchased	$200M	$297M	$247M	$299M	$201M	$300M	$457M	$517M	$275M	$309M	$197M	$44M	$40M	·	$181M	$106M
Net Stock Activity	·	·	$-247M	·	·	·	$-457M	·	·	·	$-197M	·	·	·	$-181M	·
Financing Cash Flow	$529M	$-292M	$-283M	$-297M	$-203M	$147M	$-468M	$-888M	$-308M	$26M	$-486M	$455M	$-157M	·	$-210M	$172M
Net Change in Cash	$808M	$10M	$-50M	$-44M	$-268M	$358M	$-231M	$-290M	$-136M	$240M	$-634M	$729M	$112M	·	$-317M	$390M
Free Cash Flow	·	·	$266M	·	·	·	$229M	·	·	·	$-161M	·	·	·	$-69M	·

Profitability 8

Quarterly Profitability data for FLEX
Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q2 2022	Q4 2022
Gross Margin	9.6%	9.0%	8.7%	·	9.1%	8.1%	7.5%	·	9.0%	8.9%	8.0%	·	7.5%	7.6%	7.3%	·
Operating Margin	5.5%	4.3%	4.7%	·	5.1%	4.5%	3.7%	·	4.9%	5.0%	4.0%	·	4.1%	4.2%	3.7%	·
Net Margin	3.4%	2.9%	2.9%	·	4.0%	3.3%	2.2%	·	2.8%	3.0%	2.5%	·	3.0%	3.0%	2.6%	·
Pretax Margin	·	3.9%	3.7%	·	4.4%	4.0%	3.0%	·	4.3%	4.3%	3.3%	·	3.4%	3.5%	3.2%	·
EBITDA Margin	5.5%	4.3%	6.9%	·	5.1%	4.5%	5.7%	·	4.9%	5.0%	5.8%	·	4.1%	4.2%	5.4%	·
ROA	1.2%	1.0%	1.0%	·	1.4%	1.1%	0.72%	·	0.95%	1.1%	0.91%	·	1.2%	1.2%	·	·
ROE	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

Quarterly Liquidity & Solvency data for FLEX
Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q2 2022	Q4 2022
Current Ratio	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	0.7	0.6	·	0.7	0.7	0.6	·	0.6	0.5	·	·
Debt / Equity	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	0.7	0.6	0.6	·	0.6	0.6	0.5	·	0.6	0.6	0.6	·	0.8	0.7	·	·

Efficiency 3

Quarterly Efficiency data for FLEX
Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q2 2022	Q4 2022
Asset Turnover	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	1.1	·	1.0	0.9	0.9	·	0.9	0.9	0.9	·	1.0	1.1	·	·
Receivables Turnover	2.0	1.8	1.9	·	1.9	1.8	1.9	·	1.9	1.9	1.9	·	2.1	2.1	·	·

Per Share 5

Quarterly Per Share data for FLEX
Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q2 2022	Q4 2022
Book Value / Share	$13.93	$13.58	$13.53	·	$12.99	$12.84	$12.51	·	$13.96	$13.49	$12.04	·	$9.97	$9.21	·	·
Revenue / Share	$18.77	$17.91	$17.26	·	$16.64	$16.36	$15.36	·	$16.29	$16.68	$16.12	·	$16.90	$16.88	$15.70	·
Cash Flow / Share	·	·	$1.05	·	·	·	$0.83	·	·	·	$0.01	·	·	·	$0.08	·
Cash / Share	$8.32	$6.06	$5.95	·	$6.02	$6.67	$5.62	·	$6.47	$6.62	$5.92	·	$5.68	$5.41	·	·
EPS (TTM)	$2.23	$2.26	$2.28	·	$2.48	$2.26	$2.23	·	$1.68	$1.73	$1.72	·	$1.76	$1.74	$1.93	·

Valuation (TTM) 14

Quarterly Valuation (TTM) data for FLEX
Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q2 2022	Q4 2022
Revenue TTM	$26.84B	$26.33B	$26.07B	·	$25.58B	$25.45B	$25.84B	·	$27.23B	$28.06B	$28.43B	·	$28.37B	$27.73B	$26.66B	·
Net Income TTM	$852M	$876M	$891M	·	$1.01B	$945M	$959M	·	$753M	$786M	$790M	·	$819M	$816M	$920M	·
Market Cap	$22.21B	$21.08B	$18.77B	·	$14.75B	$13.08B	$11.78B	·	$9.81B	$8.90B	$9.35B	·	$7.30B	$5.70B	·	·
Enterprise Value	$23.59B	$22.52B	$20.21B	·	$16.12B	$14.19B	$12.75B	·	$10.48B	$9.42B	$10.29B	·	$8.75B	$7.24B	·	·
P/E	27.1	25.2	21.9	·	15.5	14.8	13.2	·	13.7	11.8	12.1	·	9.2	7.2	5.6	·
P/S	0.8	0.8	0.7	·	0.6	0.5	0.5	·	0.4	0.3	0.3	·	0.3	0.2	·	·
P/B	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	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	·	·	47.0	·	·	·	34.6	·	·	·	1558.8	·	·	·	·	·
P / FCF	·	·	70.6	·	·	·	51.4	·	·	·	-58.1	·	·	·	·	·
EV / EBITDA	60.6	76.1	44.6	·	48.3	47.8	35.5	·	30.1	25.0	24.3	·	27.3	22.3	·	·
EV / FCF	·	·	76.0	·	·	·	55.7	·	·	·	-63.9	·	·	·	·	·
EV / Revenue	0.9	0.9	0.8	·	0.6	0.6	0.5	·	0.4	0.3	0.4	·	0.3	0.3	·	·
Earnings Yield	3.7%	4.0%	4.6%	·	6.5%	6.7%	7.6%	·	7.3%	8.5%	8.3%	·	10.9%	13.9%	18.0%	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Revenue	$25.81B	$26.41B	$28.50B	$24.63B	$24.12B
Gross Margin %	8.4%	7.1%	7.5%	7.4%	7.0%
Operating Margin %	4.5%	3.2%	3.9%	3.7%	—
Net Income	$838M	$1.01B	$793M	$936M	$613M
Diluted EPS	$2.11	$2.28	$1.72	$1.94	$1.21

Balance Sheet

	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Debt / Equity	0.7	0.6	0.7	1.0	1.1
Current Ratio	1.3	1.5	1.5	1.3	1.5
Quick Ratio	0.6	0.6	0.6	0.6	0.9

Cash Flow

	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Free Cash Flow	$1.07B	$796M	$315M	$581M	$-207M

Latest News Recent headlines mentioning this company

Flex Ltd (FLEX) Hits All-Time High on Strong Earnings, Business Spinoff Yahoo Finance · 1 week, 5 days ago
Analyst Report: Flex Ltd Yahoo Finance · 1 week, 5 days ago
IJH, FLEX, FTI, CW: Large Inflows Detected at ETF Nasdaq · 3 weeks, 1 day ago
Notable ETF Outflow Detected - IJK, CASY, CW, FLEX Nasdaq · 1 month, 1 week ago
Artisan Small Cap Fund Reduced Its Holdings in Flex (FLEX) as It Exceeded Its Small-Cap Mandate Yahoo Finance · 2 months ago
Waystar Stock Is Down 32% This Past Year, but One Fund Bought Up $11.5 Million Last Quarter Yahoo Finance · 2 months ago

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

BOUNCE_UP @ $61.17 RR 2.25 Jan 12

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Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

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12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

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Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Latest News Recent headlines mentioning this company

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