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Flex Ltd. FLEX FAS — Total depreciation expense

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FRS
$67M+8.1%

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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+4.2%
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$59.09B+244%
Enterprise value$61.17B+219%
P/E67.2×+46.6×
P/S2.1×+1.5×

Profitability

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Gross margin9.4%+0.9pp
Operating margin4.9%+0.4pp
Net margin3.2%-0.1pp
FCF margin3.8%-0.4pp

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

Reported directly by Flex Ltd. in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The official record: Flex Ltd.’s 10-Q, filed February 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Flex Ltd.'s FAS — total depreciation expense?
Flex Ltd. (FLEX) reported FAS — total depreciation expense of $44M in Q4 2025.
How has Flex Ltd.'s FAS — total depreciation expense changed year-over-year?
Flex Ltd.'s FAS — total depreciation expense decreased by 2.2% year-over-year, from $45M to $44M.
What is the long-term trend for Flex Ltd.'s FAS — total depreciation expense?
Over 3 years (2022 to 2025), Flex Ltd.'s FAS — total depreciation expense has grown at a -0.9% compound annual growth rate (CAGR), from $184M to $179M.
What does FAS — total depreciation expense mean?
This metric represents the systematic allocation of the cost of tangible assets, such as machinery and manufacturing equipment, used by the Flex Agility Solutions segment over their useful lives. It reflects the capital intensity of the segment's production capabilities.