Current Assets
Work in process
Flex Ltd. Work in process decreased by 13.8% to $462.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.6%, from $465.00M to $462.00M. Over 4 years (FY 2021 to FY 2025), Work in process shows relatively stable performance with a 1.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026
Parent metricInventories
How to read this metric
An increase may indicate production bottlenecks or scaling efforts, while a decrease suggests efficient throughput or reduced manufacturing activity.
Detailed definition
Represents the value of goods that have entered the production process but are not yet finished. For a manufacturer like...
Peer comparison
Peers in medical device manufacturing typically maintain lean WIP levels to optimize cash conversion cycles.
Metric ID:
inv_work_in_progressHistorical 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 | $454.00M | $466.00M | $546.00M | $602.00M | $658.00M | $737.00M | $689.00M | $709.00M | $756.00M | $707.00M | $697.00M | $623.00M | $516.00M | $460.00M | $465.00M | $485.00M | $516.00M | $536.00M | $462.00M |
| QoQ Change | — | +2.6% | +17.2% | +10.3% | +9.3% | +12.0% | -6.5% | +2.9% | +6.6% | -6.5% | -1.4% | -10.6% | -17.2% | -10.9% | +1.1% | +4.3% | +6.4% | +3.9% | -13.8% |
| YoY Change | — | — | — | — | +44.9% | +58.2% | +26.2% | +17.8% | +14.9% | -4.1% | +1.2% | -12.1% | -31.7% | -34.9% | -33.3% | -22.2% | +0.0% | +16.5% | -0.6% |
| % of Inventories | 10.2% | 9.0% | 9.2% | 9.1% | 9.1% | 9.5% | 8.8% | 9.4% | 10.0% | 9.9% | 10.2% | 10.0% | 8.8% | 8.4% | 8.8% | 9.6% | 9.9% | 10.2% | 8.3% |
| Share Change | — | -1.2pp | +0.1pp | -0.0pp | -0.1pp | +0.5pp | -0.7pp | +0.6pp | +0.6pp | -0.2pp | +0.4pp | -0.2pp | -1.2pp | -0.4pp | +0.4pp | +0.7pp | +0.3pp | +0.3pp | -1.8pp |
Range$454.00M – $756.00M
CAGR+0.4%
Avg YoY Growth+2.7%
Median YoY Growth+0.0%
Work in process at Other Companies
Frequently Asked Questions
- What is Flex Ltd.'s work in process?
- Flex Ltd. (FLEX) reported work in process of $462.00M in Q4 2025.
- How has Flex Ltd.'s work in process changed year-over-year?
- Flex Ltd.'s work in process decreased by 0.6% year-over-year, from $465.00M to $462.00M.
- What is the long-term trend for Flex Ltd.'s work in process?
- Over 4 years (2021 to 2025), Flex Ltd.'s work in process has grown at a 1.4% compound annual growth rate (CAGR), from $459.00M to $485.00M.
- What does work in process mean?
- The value of goods currently in the middle of the manufacturing process.