Discontinued — last reported Q4 '24

Business Segments · Operating Income

FRS — Operating Income

Flex Ltd. FRS — Operating Income increased by 24.5% to $198.00M in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 24.5%, from $159.00M to $198.00M. Over 2 years (FY 2022 to FY 2024), FRS — Operating Income shows an upward trend with a 10.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ2 2019
Last reportedQ4 2024
Rolls up toOperating Income

How to read this metric

An increase indicates improved profitability through better cost management or higher-margin product mix within the reliability-focused markets, while a decrease suggests margin compression or operational inefficiencies.

Detailed definition

This metric represents the adjusted operating profit generated specifically by the Reliability Solutions business segmen...

Peer comparison

Comparable to segment-level operating income reported by other contract manufacturing or industrial electronics firms, though variations exist based on how corporate overhead is allocated to segments.

Metric ID: flex_segment_frs_operating_income

Historical Data

15 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24
Value$144.00M$126.00M$136.00M$140.00M$147.00M$175.00M$143.00M$142.00M$165.00M$171.00M$159.00M$171.00M$147.00M$159.00M$198.00M
QoQ Change-12.5%+7.9%+2.9%+5.0%+19.0%-18.3%-0.7%+16.2%+3.6%-7.0%+7.5%-14.0%+8.2%+24.5%
YoY Change+2.1%+38.9%+5.1%+1.4%+12.2%-2.3%+11.2%+20.4%-10.9%-7.0%+24.5%
Range$126.00M$198.00M
CAGR+9.5%
Avg YoY Growth+8.7%
Median YoY Growth+5.1%
Current Streak2 quarters growth

Frequently Asked Questions

What is Flex Ltd.'s frs — operating income?
Flex Ltd. (FLEX) reported frs — operating income of $198.00M in Q4 2024.
How has Flex Ltd.'s frs — operating income changed year-over-year?
Flex Ltd.'s frs — operating income increased by 24.5% year-over-year, from $159.00M to $198.00M.
What is the long-term trend for Flex Ltd.'s frs — operating income?
Over 2 years (2022 to 2024), Flex Ltd.'s frs — operating income has grown at a 10.4% compound annual growth rate (CAGR), from $546.00M to $666.00M.
What does frs — operating income mean?
The adjusted operating profit earned by the Reliability Solutions business segment.