Flex Ltd. FLEX Ratios & Valuation
| FY'26 | FY'25 | FY'24 | FY'23 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 36.4%+4.6pp | 31.9%+7.5pp | 24.3%+7.7pp | 16.6%-13.5pp | |
| Operating margin | 19.3%+3.9pp | 15.4%+1.9pp | 13.5%-0.9pp | 14.5%-1.0pp | |
| Net margin | 13.1%-1.6pp | 14.6%+2.5pp | 12.2%+0.1pp | 12.1%-2.4pp | |
| EBITDA margin | 26.4%+4.2pp | 22.2%+2.4pp | 19.7%-0.5pp | 20.3%-1.9pp | |
| Free cash flow margin | 16.9%-1.8pp | 18.7%+11.3pp | 7.3%+3.7pp | 3.7%— | |
| Returns | |||||
| Return on equity | 69.3%-1.1pp | 70.4%+5.0pp | 65.5%-16.8pp | 82.2%-24.9pp | |
| Return on assets | 18.1%-1.4pp | 19.5%+3.2pp | 16.4%-1.2pp | 17.5%-5.1pp | |
| Return on invested capital | 68.1%+13.2pp | 54.9%+4.9pp | 50%-9.0pp | 59%-6.2pp | |
| Efficiency | |||||
| Asset turnover | 5.5×+0.2× | 5.4×0.0× | 5.4×-0.4× | 5.8×-0.5× | |
| Inventory turnover | 17.9×+2.6× | 15.3×+1.5× | 13.8×-1.8× | 15.6×-4.9× | |
| Liquidity | |||||
| Current ratio | 5.4×-0.1× | 5.5×-0.5× | 6.1×+0.7× | 5.4×-0.1× | |
| Quick ratio | 3.4×+0.2× | 3.2×0.0× | 3.2×+0.4× | 2.8×-0.4× | |
| Cash ratio | 0.9×-0.1× | 1×-0.1× | 1.1×+0.2× | 1×-0.2× | |
| Leverage | |||||
| Debt-to-equity | 3.5×+0.3× | 3.3×+0.4× | 2.8×-1.2× | 4×-1.0× | |
| Debt-to-assets | 0.9×0.0× | 0.9×+0.1× | 0.8×-0.1× | 0.9×-0.2× | |
| Net debt / EBITDA | 4.6×-0.2× | 4.8×+1.1× | 3.7×-1.2× | 5×-0.7× | |
| Interest coverage | 24.2×+5.7× | 18.5×+1.3× | 17.2×-2.5× | 19.6×— | |
| Per Share | |||||
| Book value per share | $53.84+7.3% | $50.19-2.1% | $51.27+30.5% | $39.30+28.8% | |
| Valuation | |||||
| Market capitalization | $85.99B+63.5% | $52.59B+6.1% | $49.56B+44.2% | $34.36B+1.2% | |
| Enterprise value | $94.1B+58.3% | $59.43B+8.8% | $54.6B+32.1% | $41.33B-1.4% | |
| Price / earnings | 98.4×+42.3× | 56.2×-4.2× | 60.4×+18.8× | 41.5×+4.4× | |
| Price / sales | 3.2×+1.2× | 2×+0.2× | 1.8×+0.6× | 1.2×-0.1× | |
| Price / book | 16.9×+6.3× | 10.5×+1.7× | 8.8×+1.2× | 7.5×-1.7× | |
| EV / EBITDA | 53.2×+11.2× | 41.9×+1.7× | 40.2×+11.0× | 29.3×-0.3× | |
| EV / sales | 3.5×+1.2× | 2.3×+0.3× | 2×+0.5× | 1.5×-0.2× | |
| Free cash flow yield | 21.2%-15.3pp | 36.5%+20.3pp | 16.2%+4.1pp | 12.1%— | |
| Earnings yield | 16.5%-12.2pp | 28.7%+1.7pp | 27%-13.6pp | 40.6%-3.0pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Flex Ltd.'s profit margins?
- Flex Ltd. (FLEX) runs a 9.4% gross margin and a 4.9% operating margin, with a 3.2% net margin.
- Where do Flex Ltd.'s ratios come from?
- Every ratio is computed from Flex Ltd.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
