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Flex Ltd. FLEX Asset turnover

Asset turnover at other companies

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0.3×+0.1×
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Other financials

Income statement

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Revenue$7.5B+16.9%
Gross profit$730.0M+29.7%
Operating income$372.0M+22.0%
Net income$250.0M+12.6%
EPS (diluted)$0.67+17.5%

Balance sheet

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Cash & equivalents$2.4B+4.4%
Total debt$4.5B+4.3%
Total equity$5.1B+2.8%
Total assets$22.1B+20.0%

Cash flow

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Operating cash flow$413.0M-4.6%
CapEx$202.0M+80.4%
Free cash flow$211.0M-34.3%

Valuation

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Market cap$52.44B+89.9%
Enterprise value$54.52B+78.2%
P/E59.6×+26.6×
P/S1.9×+0.8×

Profitability

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Gross margin9.4%+0.9pp
Operating margin4.9%+0.4pp
Net margin3.2%-0.1pp

Returns & leverage

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Return on equity17.3%+1.1pp
Debt / equity0.9×0.0×
Current ratio1.4×+0.1×

Where this comes from

Calculated from Flex Ltd.’s reported figures.

Based on trailing twelve months.

The official record: Flex Ltd.’s 10-K, filed May 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Flex Ltd.'s asset turnover?
Flex Ltd. (FLEX) reported asset turnover of 1.4× in Q1 2026.
How has Flex Ltd.'s asset turnover changed year-over-year?
Flex Ltd.'s asset turnover decreased by 2.0% year-over-year, from 1.4× to 1.4×.
What is the long-term trend for Flex Ltd.'s asset turnover?
Over 4 years (2022 to 2026), Flex Ltd.'s asset turnover has grown at a -3.0% compound annual growth rate (CAGR), from 6.3× to 5.5×.
What does asset turnover mean?
How many sales dollars the company generates from each dollar of assets.
How do you interpret asset turnover?
Higher turnover means a more sales-efficient asset base. Low-margin businesses (retail, distribution) compete on high turnover; high-margin ones (software, luxury) on margin.
How does asset turnover compare across companies?
Compare within an industry — turnover differences across sectors reflect business models, not performance.