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Discontinued — last reported Q1 '27

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$7.9B+20.6%
Gross profit$747.0M+27.0%
Operating income$392.0M+26.0%
Net income$285.0M+48.4%
EPS (diluted)$0.76+52.0%

Balance sheet

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Cash & equivalents$2.8B+26.8%
Total debt$5.9B+39.1%
Total equity$5.5B+8.1%
Total assets$25.2B+31.7%

Cash flow

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Operating cash flow$276.0M-30.8%
CapEx$236.0M+77.4%
Free cash flow$40.0M-85.0%

Valuation

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Market cap$41.68B+118%
Enterprise value$44.77B+112%
P/E42.8×+21.4×
P/S1.4×+0.7×

Profitability

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Gross margin9.5%+0.7pp
Operating margin5%+0.2pp
Net margin3.3%-0.1pp
FCF margin2.8%-1.4pp

Returns & leverage

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Return on equity18.4%+0.7pp
Debt / equity1.1×+0.2×
Current ratio1.4×0.0×

Where this comes from

Reported directly by Flex Ltd. in its filing.

The source filing: Flex Ltd.’s 8-K, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 7:15 AM EDT
Accession
0000866374-26-000026

FAQ

What is Flex Ltd.'s net debt?
Flex Ltd. (FLEX) reported net debt of $3.09B in Q2 2026.
How has Flex Ltd.'s net debt changed year-over-year?
Flex Ltd.'s net debt increased by 52.6% year-over-year, from $2.03B to $3.09B.
What is the long-term trend for Flex Ltd.'s net debt?
Over 5 years (2021 to 2026), Flex Ltd.'s net debt has grown at a 2.5% compound annual growth rate (CAGR), from $1.84B to $2.08B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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