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Flex Ltd. FLEX Net debt / EBITDA

Net debt / EBITDA at other companies

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PlexusPLXS
-0.8×-0.1×
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-0.2×-0.6×
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Sanmina CorpSANM
0.8×+0.5×
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JabilJBL
1.2×+0.2×
UFP Technologies logo
UFP TechnologiesUFPT
1.2×-0.6×
Advanced Energy Industries logo
Advanced Energy IndustriesAEIS
-0.1×0.0×

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

Calculated from Flex Ltd.’s reported figures.

Based on the most recent quarter.

The source filing: Flex Ltd.’s 10-K, filed May 20, 2026. Open the filing →

Filed
May 20, 2026, 5:00 PM EDT
Fiscal year
FY2026
Accession
0000866374-26-000012

FAQ

What is Flex Ltd.'s net debt / EBITDA?
Flex Ltd. (FLEX) reported net debt / EBITDA of 1.1× in Q1 2026.
How has Flex Ltd.'s net debt / EBITDA changed year-over-year?
Flex Ltd.'s net debt / EBITDA decreased by 8.7% year-over-year, from 1.2× to 1.1×.
What is the long-term trend for Flex Ltd.'s net debt / EBITDA?
Over 5 years (2021 to 2026), Flex Ltd.'s net debt / EBITDA has grown at a -4.8% compound annual growth rate (CAGR), from 1.4× to 1.1×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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