Investing
CapEx
Flex Ltd. CapEx decreased by 1.3% to $148.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 32.1%, from $112.00M to $148.00M. Over 3 years (FY 2022 to FY 2025), CapEx shows relatively stable performance with a -0.4% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $118.00M | $92.00M | $123.00M | $110.00M | $107.00M | $189.00M | $159.00M | $180.00M | $167.00M | $152.00M | $130.00M | $81.00M | $111.00M | $103.00M | $112.00M | $112.00M | $133.00M | $150.00M | $148.00M |
| QoQ Change | — | -22.0% | +33.7% | -10.6% | -2.7% | +76.6% | -15.9% | +13.2% | -7.2% | -9.0% | -14.5% | -37.7% | +37.0% | -7.2% | +8.7% | +0.0% | +18.8% | +12.8% | -1.3% |
| YoY Change | — | — | — | — | -9.3% | +105.4% | +29.3% | +63.6% | +56.1% | -19.6% | -18.2% | -55.0% | -33.5% | -32.2% | -13.8% | +38.3% | +19.8% | +45.6% | +32.1% |
Range$81.00M – $189.00M
CAGR+5.2%
Avg YoY Growth+13.9%
Median YoY Growth+19.8%
CapEx at Other Companies
Frequently Asked Questions
- What is Flex Ltd.'s capex?
- Flex Ltd. (FLEX) reported capex of $148.00M in Q4 2025.
- How has Flex Ltd.'s capex changed year-over-year?
- Flex Ltd.'s capex increased by 32.1% year-over-year, from $112.00M to $148.00M.
- What is the long-term trend for Flex Ltd.'s capex?
- Over 3 years (2022 to 2025), Flex Ltd.'s capex has grown at a -0.4% compound annual growth rate (CAGR), from $443.00M to $438.00M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.