Income StatementBalance SheetCash FlowSegments
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Flex Ltd. Business Segments

Business, geographic, and product segment breakdowns

Flex Ltd. generates $26.8B in annual revenue across 2 key segments: FAS ($14.8B), and FRS ($12.1B). The company-wide operating margin is 4.85%. Based on the Q4 2025 filing.

FAS (TTM)$14.8BFRS (TTM)$12.1B
Latest FilingQ4 2025
Report Date2026-02-06
Market Cap$51.4B
P/E Ratio60.28
ROE16.85%

Geographic

Concentration risk percentage

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Americas13.8%13.8%13.8%———
Asia7.5%7.5%7.5%———
Europe5.3%5.3%5.3%———

Net Sales

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Americas$3.2B$3.2B$3.2B———
Asia$1.9B$1.9B$1.9B———
Europe$1.4B$1.4B$1.4B———

PP&E (Net)

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Americas——$1.3B———
Asia——$555.0M———
Europe——$483.0M———

Sales and import taxes, number of tax assessments

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
BRAZIL———6.000.000.00

Sales and import taxes, number of tax assessments defeated

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
BRAZIL0.000.00—4.000.000.00

Sales and import taxes, number of tax assessments remaining

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
BRAZIL2.002.00—2.002.002.00

Business Segments

Cost Of Inventory

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
FAS$2.7B$2.7B$2.6B$2.7B$2.8B$2.8B
FRS$2.0B$2.0B$1.9B$1.9B$2.0B$2.1B

Manufacturing Costs

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
FRS$692.0M$685.0M$698.0M$681.0M$768.0M$758.0M
FAS$625.0M$637.0M$633.0M$634.0M$667.0M$695.0M

Net Sales

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
FAS$3.6B$3.6B$3.5B$3.7B$3.8B$3.8B
FRS$2.9B$3.0B$2.9B$2.9B$3.0B$3.2B

Operating Income (Loss), Adjusted

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
FAS$218.0M$227.0M$230.0M$240.0M$227.0M$239.0M
FRS$159.0M$198.0M$180.0M$172.0M$197.0M$233.0M

Selling, General And Administrative Expense, Adjusted

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
FRS$100.0M$107.0M$108.0M$104.0M$117.0M$112.0M
FAS$83.0M$85.0M$89.0M$85.0M$92.0M$89.0M

Total depreciation expense

SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
FRS$64.0M$62.0M$61.0M$62.0M$66.0M$67.0M
FAS$45.0M$45.0M$45.0M$50.0M$44.0M$44.0M