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Flex Ltd. FLEX Net debt / EBITDA

Net debt / EBITDA at other companies

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1.2×+0.2×
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0.5×-0.6×
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1.6×-0.8×
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FortiveFTV
3.9×-0.1×
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3.2×+0.7×
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AmcorAMCR
5.2×+1.4×

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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Gross margin9.4%+0.9pp
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.

net debt/ebitda=1.1×

Based on the most recent quarter.

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 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 4 years (2022 to 2026), Flex Ltd.'s net debt / EBITDA has grown at a -4.9% compound annual growth rate (CAGR), from 5.6× to 4.6×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.