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Flex Ltd. FLEX Gross margin

Gross margin at other companies

Jabil logo
JabilJBL
9.2%+0.4pp
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CelesticaCLS
12%+1.3pp
TD SYNNEX logo
TD SYNNEXSNX
7.1%+0.4pp
Fortive logo
FortiveFTV
57.3%-0.7pp
ROP
Roper Technologies, Inc.ROP
69.4%+0.5pp
Amcor logo
AmcorAMCR
19.1%-0.9pp

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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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 gross margin?
Flex Ltd. (FLEX) reported gross margin of 9.4% in Q1 2026.
How has Flex Ltd.'s gross margin changed year-over-year?
Flex Ltd.'s gross margin increased by 10.3% year-over-year, from 8.5% to 9.4%.
What is the long-term trend for Flex Ltd.'s gross margin?
Over 4 years (2022 to 2026), Flex Ltd.'s gross margin has grown at a 4.9% compound annual growth rate (CAGR), from 30.1% to 36.4%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.