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Flex Ltd. FLEX Asset turnover

Asset turnover at other companies

Plexus logo
PlexusPLXS
1.3×0.0×
Benchmark Electronics logo
Benchmark ElectronicsBHE
1.3×+0.1×
Sanmina Corp logo
Sanmina CorpSANM
1.7×+0.1×
Jabil logo
JabilJBL
1.6×0.0×
UFP Technologies logo
UFP TechnologiesUFPT
0.9×-0.1×
Advanced Energy Industries logo
Advanced Energy IndustriesAEIS
0.8×+0.1×

Other financials

Income statement

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Revenue$7.9B+20.6%
Gross profit$747.0M+27.0%
Operating income$392.0M+26.0%
Net income$285.0M+48.4%
EPS (diluted)$0.76+52.0%

Balance sheet

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Cash & equivalents$2.8B+26.8%
Total debt$5.9B+39.1%
Total equity$5.5B+8.1%
Total assets$25.2B+31.7%

Cash flow

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Operating cash flow$276.0M-30.8%
CapEx$236.0M+77.4%
Free cash flow$40.0M-85.0%

Valuation

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Market cap$41.68B+118%
Enterprise value$44.77B+112%
P/E42.8×+21.4×
P/S1.4×+0.7×

Profitability

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Gross margin9.5%+0.7pp
Operating margin5%+0.2pp
Net margin3.3%-0.1pp
FCF margin2.8%-1.4pp

Returns & leverage

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Return on equity18.4%+0.7pp
Debt / equity1.1×+0.2×
Current ratio1.4×0.0×

Where this comes from

Calculated from Flex Ltd.’s reported figures.

Based on trailing twelve months.

The source filing: Flex Ltd.’s 8-K, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 7:15 AM EDT
Accession
0000866374-26-000026

FAQ

What is Flex Ltd.'s asset turnover?
Flex Ltd. (FLEX) reported asset turnover of 1.3× in Q2 2026.
How has Flex Ltd.'s asset turnover changed year-over-year?
Flex Ltd.'s asset turnover decreased by 6.6% year-over-year, from 1.4× to 1.3×.
What is the long-term trend for Flex Ltd.'s asset turnover?
Over 5 years (2021 to 2026), Flex Ltd.'s asset turnover has grown at a -3.3% compound annual growth rate (CAGR), from 1.6× to 1.4×.
What does asset turnover mean?
Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.

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