What is Flex Ltd.'s raw materials?

Flex Ltd. (FLEX) reported raw materials of $4.45B in Q4 2025.

How has Flex Ltd.'s raw materials changed year-over-year?

Flex Ltd.'s raw materials increased by 2.7% year-over-year, from $4.33B to $4.45B.

What is the long-term trend for Flex Ltd.'s raw materials?

Over 4 years (2021 to 2025), Flex Ltd.'s raw materials has grown at a 9.6% compound annual growth rate (CAGR), from $2.83B to $4.09B.

What does raw materials mean?

Unprocessed materials and components purchased for use in manufacturing, valued at cost.

Flex Ltd. FLEX Raw materials

Raw materials at other companies

JabilJBL

$4.71B+18.8%

UFP TechnologiesUFPT

$71.6M—

FortiveFTV

$116.6M-48.2%

Sanmina CorpSANM

——

CelesticaCLS

——

FabrinetFN

——

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$59.38B+168%

Enterprise value$61.46B+152%

P/E67.5×+42.6×

P/S2.1×+1.3×

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:InventoryRawMaterialsNetOfReserves.

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 raw materials?: Flex Ltd. (FLEX) reported raw materials of $4.45B in Q4 2025.
How has Flex Ltd.'s raw materials changed year-over-year?: Flex Ltd.'s raw materials increased by 2.7% year-over-year, from $4.33B to $4.45B.
What is the long-term trend for Flex Ltd.'s raw materials?: Over 4 years (2021 to 2025), Flex Ltd.'s raw materials has grown at a 9.6% compound annual growth rate (CAGR), from $2.83B to $4.09B.
What does raw materials mean?: Unprocessed materials and components purchased for use in manufacturing, valued at cost.