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Flex Ltd. FLEX Net margin

Net margin at other companies

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JabilJBL
2.6%+0.5pp
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7%+2.8pp
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TD SYNNEXSNX
1.5%+0.4pp
Fortive logo
FortiveFTV
12.8%-6.7pp
ROP
Roper Technologies, Inc.ROP
21.1%+0.4pp
Amcor logo
AmcorAMCR
3.1%-2.9pp

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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Gross margin9.4%+0.9pp
Operating margin4.9%+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

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 net margin?
Flex Ltd. (FLEX) reported net margin of 3.2% in Q1 2026.
How has Flex Ltd.'s net margin changed year-over-year?
Flex Ltd.'s net margin decreased by 2.9% year-over-year, from 3.2% to 3.2%.
What is the long-term trend for Flex Ltd.'s net margin?
Over 4 years (2022 to 2026), Flex Ltd.'s net margin has grown at a -2.5% compound annual growth rate (CAGR), from 14.5% to 13.1%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.