FLEX LTD. financials

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SEC pipeline catching up: most recent reported quarter (2026-03-31) isn't incorporated yet — this page is anchored to 2025-12-31 (Q3 2026 · 10-Q). New filings land within a few weekday pipeline runs.
FLEX CIK 0000866374

Source: EDGAR filings · Built 2026-06-02T03:02:32Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 1.07B 796.00M 315.00M 581.00M -207.00M -2.00B
EBITDA 1.68B 1.35B 1.51B 1.36B 1.28B 901.50M
Working Capital 2.99B 4.45B 5.17B 3.63B 3.53B 1.88B
Net Debt 1.99B 1.41B 1.16B 1.92B 1.86B 1.57B
Gross Margin 8.36% 7.06% 6.93% 7.23% 6.99% 5.53%
Operating Margin 4.53% 3.23% 3.57% 3.61% 3.30% 1.71%
Net Margin 3.25% 3.81% 2.78% 3.80% 2.54% 0.36%
Return on Equity (ROE) 16.75% 18.89% 14.82% 22.67% 17.84% 3.11%
Return on Assets (ROA) 4.56% 5.51% 3.70% 4.84% 3.87% 0.64%
Current Ratio 1.30× 1.52× 1.48× 1.34× 1.45× 1.26×
Debt-to-Equity 0.86× 0.73× 0.81× 1.18× 1.31× 1.23×
Effective Tax Rate 18.08% -30.93% 15.37% 9.54% 14.15% 44.65%
Cash Conversion Ratio 1.80× 1.32× 1.20× 1.09× 0.23× -17.42×
Accruals Ratio -0.04× -0.02× -0.01× -0.00× 0.03× 0.12×
SBC % of Revenue 0.48% 0.58% 0.47% 0.37% 0.33% 0.29%
CapEx Coverage 3.44× 2.50× 1.50× 2.31× 0.41× -3.32×
Free Cash Flow Per Share $2.68 $1.80 $0.68 $1.20 $-0.41 $-3.90

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 15.68× 12.55× 10.08× 7.21× 15.13× 49.29×
P/FCF 12.34× 15.85× 25.43× 11.62× — —
FCF Yield 8.10% 6.31% 3.93% 8.61% — —
EV / EBITDA 8.64× 9.67× 7.62× 7.70× 8.50× 6.37×
P/S 0.48× 0.44× 0.36× 0.35× 0.37× 0.17×
P/B 2.50× 2.19× 1.94× 2.07× 2.62× 1.47×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 25.81B 26.41B 28.50B 24.63B 24.12B 24.21B
Cost of Goods and Services Sold 23.58B 24.39B 26.50B 22.84B 22.35B 22.68B
Gross Profit 2.16B 1.86B 1.98B 1.78B 1.69B 1.34B
Selling, General and Administrative Expense 904.00M 922.00M 874.00M 830.00M 817.00M 834.00M
Operating Income (Loss) 1.17B 853.00M 1.02B 890.00M 795.00M 415.00M
Income Tax Expense (Benefit) 185.00M -206.00M 124.00M 92.00M 101.00M 71.00M
Net Income (Loss) Attributable to Parent 838.00M 1.01B 793.00M 936.00M 613.00M 88.00M
Earnings Per Share, Basic $2.14 $2.31 $1.75 $1.97 $1.23 $0.17
Weighted Average Number of Shares Outstanding, Basic 391.00M 435.00M 454.00M 476.00M 499.00M 509.00M
Earnings Per Share, Diluted $2.11 $2.28 $1.72 $1.94 $1.21 $0.17
Weighted Average Number of Shares Outstanding, Diluted 398.00M 441.00M 462.00M 483.00M 506.00M 512.00M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 2.29B 2.47B 3.16B 2.96B 2.64B 1.92B
Assets, Current 12.84B 12.99B 16.03B 14.34B 11.36B 9.09B
Assets 18.38B 18.26B 21.41B 19.32B 15.84B 13.69B
Long-term Debt 3.69B 3.26B 3.69B 4.20B 3.80B 2.85B
Liabilities, Current 9.85B 8.54B 10.87B 10.71B 7.83B 7.21B
Long-term Debt, Excluding Current Maturities 2.48B 3.26B 3.54B 3.25B 3.52B 2.69B
Liabilities 13.38B 12.93B 15.70B 15.12B 12.40B —
Stockholders' Equity Attributable to Parent 5.00B 5.33B 5.35B 4.13B 3.44B 2.83B
Common Stock, Shares, Outstanding 377.82M 408.10M 450.12M 460.56M 492.57M 497.43M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 1.50B 1.33B 950.00M 1.02B 144.00M -1.53B
Payments to Acquire Property, Plant, and Equipment 438.00M 530.00M 635.00M 443.00M 351.00M 462.00M
Net Cash Provided by (Used in) Investing Activities -838.00M -492.00M -604.00M -951.00M -202.00M 2.28B
Payments for Repurchase of Common Stock 1.26B 1.30B 337.00M 686.00M 183.00M 260.00M
Net Cash Provided by (Used in) Financing Activities -821.00M -1.66B 2.00M 280.00M 743.00M -508.00M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (FLEX CIK 0000866374), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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