Free cash flow
Flex Ltd. Free cash flow decreased by 10.2% to $272.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 9.6%, from $301.00M to $272.00M. Over 3 years (FY 2022 to FY 2025), Free cash flow shows an upward trend with a 22.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| 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 | $216.00M | $88.00M | $27.00M | $250.00M | -$69.00M | -$86.00M | $200.00M | $270.00M | -$161.00M | $205.00M | $154.00M | $598.00M | $229.00M | $216.00M | $301.00M | $321.00M | $266.00M | $303.00M | $272.00M |
| QoQ Change | — | -59.3% | -69.3% | +825.9% | -127.6% | -24.6% | +332.6% | +35.0% | -159.6% | +227.3% | -24.9% | +288.3% | -61.7% | -5.7% | +39.4% | +6.6% | -17.1% | +13.9% | -10.2% |
| YoY Change | — | — | — | — | -131.9% | -197.7% | +640.7% | +8.0% | -133.3% | +338.4% | -23.0% | +121.5% | +242.2% | +5.4% | +95.5% | -46.3% | +16.2% | +40.3% | -9.6% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Flex Ltd.'s free cash flow?
- Flex Ltd. (FLEX) reported free cash flow of $272.00M in Q4 2025.
- How has Flex Ltd.'s free cash flow changed year-over-year?
- Flex Ltd.'s free cash flow decreased by 9.6% year-over-year, from $301.00M to $272.00M.
- What is the long-term trend for Flex Ltd.'s free cash flow?
- Over 3 years (2022 to 2025), Flex Ltd.'s free cash flow has grown at a 22.5% compound annual growth rate (CAGR), from $581.00M to $1.07B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.