FLEX

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Flex Ltd.

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Key Metrics

Previous Close: $113.03
52-Week Range: $48.98 – $166.86
Market Cap: $40.75B
P/E (TTM): 42.59
EPS (TTM): 2.59
Dividend Yield: —

Advanced Metrics

Price/Book: 7.41
PEG Ratio: 0.94
Return on Equity: 18.38%
Return on Assets: 4.42%
Gross Margin: 9.53%
Operating Margin: 4.97%
Profit Margin: 3.33%
Current Ratio: 1.38
Debt/Equity: 1.08
Total Debt: $5.93B
Free Cash Flow: $625.75M
Revenue Growth: 20.60%
Earnings Growth: 52.00%
Enterprise Value: $43.85B

FLEX Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$28.50B	$26.41B	$25.81B	$27.91B
Cost of Revenue	$26.53B	$24.55B	$23.65B	$25.35B
Gross Profit	$1.98B	$1.86B	$2.16B	$2.57B
Selling, General & Admin	$874.00M	$922.00M	$904.00M	$1.05B
Operating Expenses	$955.00M	$992.00M	$974.00M	$1.12B
Operating Income	$1.02B	$873.00M	$1.19B	$1.45B
EBITDA	$1.54B	$1.41B	$1.78B	$1.92B
Pretax Income	$807.00M	$666.00M	$1.02B	$1.14B
Income Tax	$124.00M	-$206.00M	$185.00M	$263.00M
Net Income	$793.00M	$1.01B	$838.00M	$880.00M
Diluted EPS	1.72	2.28	2.11	2.33
Diluted Shares	462.00M	441.00M	398.00M	378.00M

FLEX Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$3.16B	$2.47B	$2.29B	$2.39B
Receivables	$3.72B	$3.28B	$4.29B	$5.74B
Inventory	$7.39B	$6.21B	$5.07B	$5.84B
Current Assets	$16.03B	$12.99B	$12.84B	$16.33B
Total Assets	$21.41B	$18.26B	$18.38B	$22.06B
Current Liabilities	$10.87B	$8.54B	$9.85B	$12.02B
Long-Term Debt	$3.54B	$3.26B	$2.48B	$3.75B
Total Debt	$4.20B	$3.75B	$4.15B	$4.32B
Total Liabilities	$15.70B	$12.93B	$13.38B	$16.92B
Retained Earnings	-$560.00M	$446.00M	$1.28B	$2.16B
Shareholders' Equity	$5.35B	$5.33B	$5.00B	$5.14B
Working Capital	$5.17B	$4.45B	$2.99B	$4.32B
Net Debt	$530.00M	$787.00M	$1.40B	$1.36B

FLEX Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$950.00M	$1.33B	$1.50B	$1.69B
Capital Expenditure	-$635.00M	-$530.00M	-$438.00M	-$633.00M
Free Cash Flow	$315.00M	$796.00M	$1.07B	$1.05B
Depreciation & Amortisation	$501.00M	$537.00M	$539.00M	$563.00M
Stock-Based Compensation	$133.00M	$152.00M	$125.00M	$142.00M
Investing Cash Flow	-$604.00M	-$492.00M	-$838.00M	-$672.00M
Financing Cash Flow	$2.00M	-$1.66B	-$821.00M	-$924.00M
Share Repurchases	-$337.00M	-$1.30B	-$1.26B	-$944.00M
Net Change in Cash	$348.00M	-$822.00M	-$154.00M	$89.00M

FLEX Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$6.58B	$6.80B	$7.06B	$7.48B	—
Cost of Revenue	$6.00B	$6.19B	$6.38B	$6.78B	—
Gross Profit	$572.00M	$614.00M	$679.00M	$702.00M	—
Selling, General & Admin	$233.00M	$260.00M	$270.00M	$289.00M	—
Operating Expenses	$254.00M	$276.00M	$285.00M	$305.00M	—
Operating Income	$318.00M	$338.00M	$394.00M	$397.00M	—
EBITDA	$439.00M	$470.00M	$513.00M	$499.00M	—
Pretax Income	$246.00M	$262.00M	$320.00M	$315.00M	—
Income Tax	$54.00M	$63.00M	$81.00M	$65.00M	—
Net Income	$192.00M	$199.00M	$239.00M	$250.00M	—
Diluted EPS	0.50	0.52	0.64	0.67	0.76
Diluted Shares	381.00M	380.00M	376.00M	374.00M	374.00M

FLEX Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$2.29B	$2.24B	$2.25B	$3.06B	$2.39B
Receivables	$4.29B	$4.67B	$4.68B	$4.72B	$5.74B
Inventory	$5.07B	$5.21B	$5.27B	$5.55B	$5.84B
Current Assets	$12.84B	$13.47B	$13.84B	$15.15B	$16.33B
Total Assets	$18.38B	$19.13B	$19.55B	$20.82B	$22.06B
Current Liabilities	$9.85B	$9.92B	$10.37B	$10.86B	$12.02B
Long-Term Debt	$2.48B	$3.00B	$3.01B	$3.76B	$3.75B
Total Debt	$4.15B	$4.26B	$4.29B	$5.02B	$4.32B
Total Liabilities	$13.38B	$14.04B	$14.51B	$15.70B	$16.92B
Retained Earnings	$1.28B	$1.48B	$1.68B	$1.91B	$2.16B
Shareholders' Equity	$5.00B	$5.09B	$5.04B	$5.12B	$5.14B
Working Capital	$2.99B	$3.55B	$3.47B	$4.30B	$4.32B
Net Debt	$1.40B	$1.44B	$1.44B	$1.38B	$1.36B

FLEX Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$433.00M	$399.00M	$453.00M	$420.00M	$413.00M
Capital Expenditure	-$112.00M	-$133.00M	-$150.00M	-$148.00M	-$202.00M
Free Cash Flow	$321.00M	$266.00M	$303.00M	$272.00M	$211.00M
Depreciation & Amortisation	$138.00M	$142.00M	$156.00M	$135.00M	$130.00M
Investing Cash Flow	-$197.00M	-$179.00M	-$155.00M	-$138.00M	-$200.00M
Financing Cash Flow	-$297.00M	-$283.00M	-$292.00M	$529.00M	-$878.00M
Share Repurchases	-$299.00M	-$247.00M	-$297.00M	-$200.00M	-$200.00M
Net Change in Cash	-$61.00M	-$63.00M	$6.00M	$811.00M	-$665.00M

Market Snapshot

About

Flex Ltd. is a global manufacturing and supply chain solutions provider offering design, engineering, manufacturing, and logistics services to companies across diverse industries. The company operates in sectors including automotive, healthcare, industrial, communications, consumer devices, and cloud infrastructure, providing end-to-end solutions from product development through manufacturing and distribution. Flex maintains manufacturing facilities and design centers across multiple continents, enabling it to serve customers with both global scale and regional expertise. The company has evolved from traditional electronics manufacturing services to offer more comprehensive supply chain and product lifecycle solutions incorporating advanced technologies and sustainability initiatives.