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Flex Ltd. FLEX Free cash flow margin

Free cash flow margin at other companies

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JabilJBL
3.9%-0.7pp
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CelesticaCLS
3.6%+0.3pp
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TD SYNNEXSNX
3.1%
Fortive logo
FortiveFTV
22.8%-12.2pp
Amcor logo
AmcorAMCR
5%
Rockwell Automation logo
Rockwell AutomationROK
15.2%+1.8pp

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$54.08B+89.9%
Enterprise value$56.16B+78.2%
P/E61.5×+27.5×
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 free cash flow margin?
Flex Ltd. (FLEX) reported free cash flow margin of 3.8% in Q1 2026.
How has Flex Ltd.'s free cash flow margin changed year-over-year?
Flex Ltd.'s free cash flow margin decreased by 8.8% year-over-year, from 4.1% to 3.8%.
What is the long-term trend for Flex Ltd.'s free cash flow margin?
Over 3 years (2023 to 2026), Flex Ltd.'s free cash flow margin has grown at a 65.8% compound annual growth rate (CAGR), from 3.7% to 16.9%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.