Flex (FLEX) Financials

$41.48 +0.04 (+0.10%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$41.62 +0.15 (+0.35%)

As of 05/23/2025 07:27 PM Eastern

Annual Income Statements for Flex

This table shows Flex's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	3/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,006	793	936	613	88	93	429	320	444	601
Consolidated Net Income / (Loss)	1,245	1,033	940	613	88	93	429	320	444	601
Net Income / (Loss) Continuing Operations	872	683	872	613	88	93	429	320	444	601
Total Pre-Tax Income	666	807	964	714	159	182	521	371	455	671
Total Operating Income	853	1,017	890	795	415	477	351	392	539	722
Total Gross Profit	1,865	1,976	1,780	1,687	1,339	1,518	1,596	1,521	1,608	1,545
Total Revenue	26,415	28,502	24,633	24,124	24,210	26,211	25,441	23,863	24,419	26,148
Operating Revenue	26,415	28,502	24,633	24,124	24,210	26,211	25,441	23,863	24,419	26,148
Total Cost of Revenue	24,550	26,526	22,853	22,437	22,871	24,693	23,845	22,342	22,811	24,603
Operating Cost of Revenue	24,395	26,503	22,838	22,349	22,681	24,594	23,845	22,342	22,811	24,603
Other Cost of Revenue	155	23	15	88	190	99	-	-	0.00	0.00
Total Operating Expenses	1,012	959	890	892	924	1,041	1,245	1,129	1,069	823
Selling, General & Admin Expense	922	874	830	817	834	953	1,019	937	955	844
Amortization Expense	70	81	60	62	64	74	79	81	66	32
Restructuring Charge	20	4.00	0.00	13	26	14	24	11	0.00	0.00
Total Other Income / (Expense), net	-187	-210	74	-81	-256	-295	170	-21	-85	-51
Interest Expense	207	230	166	148	174	175	-	-	-	-
Interest & Investment Income	64	26	75	83	-	-	-	-	-	-
Other Income / (Expense), net	-44	-6.00	165	-16	-82	-120	170	-21	-85	-51
Income Tax Expense	-206	124	92	101	71	89	92	51	11	70
Net Income / (Loss) Discontinued Operations	373	350	68	-	-	-	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	239	240	4.00	0.00	0.00	-	-	-	-	-
Basic Earnings per Share	$2.31	$1.75	$1.97	$1.23	$0.17	$0.18	$0.81	$0.59	$0.80	$1.04
Weighted Average Basic Shares Outstanding	435M	454M	476M	499M	509M	527M	529.78M	540.50M	557.67M	579.98M
Diluted Earnings per Share	$2.28	$1.72	$1.94	$1.21	$0.17	$0.18	$0.80	$0.59	$0.79	$1.02
Weighted Average Diluted Shares Outstanding	441M	462M	483M	506M	512M	527M	536.60M	546.22M	564.87M	591.56M
Weighted Average Basic & Diluted Shares Outstanding	401.64M	444.49M	457.64M	499M	509M	527M	529.10M	541.60M	555.10M	577.70M

This table shows Flex's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/27/2024	6/28/2024	3/31/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	7/1/2022
Net Income / (Loss) Attributable to Common Shareholders	263	214	139	395	197	228	186	142	230	232	189
Consolidated Net Income / (Loss)	263	214	139	395	233	406	211	363	237	238	195
Net Income / (Loss) Continuing Operations	263	214	139	86	129	201	147	13	237	238	195
Total Pre-Tax Income	288	264	192	-130	152	233	164	41	262	272	232
Total Operating Income	334	297	233	-86	198	281	215	99	321	325	272
Total Gross Profit	594	531	471	82	433	519	476	267	583	591	535
Total Revenue	6,556	6,545	6,314	4,949	6,421	6,933	6,892	5,633	7,756	7,766	7,347
Operating Revenue	6,556	6,545	6,314	4,949	6,421	6,933	6,892	5,633	7,756	7,766	7,347
Total Cost of Revenue	5,962	6,014	5,843	4,867	5,988	6,414	6,416	5,366	7,173	7,175	6,812
Operating Cost of Revenue	5,952	5,998	5,827	4,793	5,927	6,411	6,399	5,348	7,168	7,175	6,812
Other Cost of Revenue	10	16	16	74	61	3.00	17	18	5.00	0.00	0.00
Total Operating Expenses	260	234	238	168	235	238	261	168	262	266	263
Selling, General & Admin Expense	241	216	213	151	205	221	235	145	243	245	241
Amortization Expense	17	16	16	16	17	17	20	19	19	21	22
Restructuring Charge	2.00	2.00	9.00	1.00	13	0.00	6.00	4.00	0.00	0.00	0.00
Total Other Income / (Expense), net	-46	-33	-41	-44	-46	-48	-51	-58	-59	-53	-40
Interest Expense	57	53	56	80	50	49	56	80	54	47	49
Interest & Investment Income	16	16	16	-	13	15	16	-	-	-	-
Other Income / (Expense), net	-5.00	4.00	-1.00	-12	-9.00	-14	-11	-4.00	-5.00	-6.00	9.00
Income Tax Expense	25	50	53	-216	23	32	17	28	25	34	37
Net Income / (Loss) Discontinued Operations	0.00	0.00	0.00	-	104	205	64	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.00	-	36	178	25	221	7.00	6.00	6.00
Basic Earnings per Share	$0.68	$0.54	$0.35	$0.91	$0.46	$0.51	$0.42	$0.31	$0.51	$0.51	$0.41
Weighted Average Basic Shares Outstanding	387M	394M	402M	435M	431M	443M	447M	454M	452M	455M	458M
Diluted Earnings per Share	$0.67	$0.54	$0.34	$0.91	$0.45	$0.51	$0.41	$0.31	$0.50	$0.50	$0.40
Weighted Average Diluted Shares Outstanding	394M	400M	411M	441M	436M	448M	455M	462M	459M	460M	468M
Weighted Average Basic & Diluted Shares Outstanding	383.10M	387.78M	397.07M	401.64M	421.16M	434.86M	446.63M	444.49M	451.08M	452.78M	456.08M

This table details how cash moves in and out of Flex's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	3/31/2015
Net Change in Cash & Equivalents	184	1,141	1,293	714	226	252	-358	223	-21	35
Net Cash From Operating Activities	1,326	950	1,024	144	-1,533	-2,971	-3,866	-3,822	1,136	794
Net Cash From Continuing Operating Activities	2,332	1,743	1,964	144	-1,533	-2,971	-3,866	-3,822	1,136	794
Net Income / (Loss) Continuing Operations	2,251	1,826	1,876	613	88	93	429	320	444	601
Consolidated Net Income / (Loss)	2,251	1,826	1,876	613	88	93	429	320	444	601
Depreciation Expense	537	501	484	569	626	765	555	610	515	540
Non-Cash Adjustments To Reconcile Net Income	-205	31	120	89	184	30	-77	64	110	-30
Changes in Operating Assets and Liabilities, net	-251	-615	-516	-1,127	-2,431	-3,859	-4,773	-4,815	67	-318
Net Cash From Investing Activities	-492	-604	-951	-202	2,279	3,253	3,711	4,270	-1,396	-242
Net Cash From Continuing Investing Activities	-492	-604	-951	-202	2,279	3,253	3,711	4,270	-1,396	-242
Purchase of Property, Plant & Equipment	-530	-635	-443	-351	-462	-726	-562	-525	-511	-347
Acquisitions	0.00	2.00	-539	0.00	-1.00	-13	-271	-189	-917	-67
Sale of Property, Plant & Equipment	25	20	11	85	106	94	45	36	14	108
Divestitures	12	2.00	9.00	-3.00	3.00	267	-	37	5.74	-
Other Investing Activities, net	1.00	7.00	11	67	2,633	3,631	4,499	4,912	11	64
Net Cash From Financing Activities	-1,656	2.00	280	743	-508	-30	-188	-242	250	-516
Net Cash From Continuing Financing Activities	-1,656	2.00	280	743	-508	-30	-188	-242	250	-516
Repayment of Debt	-487	-1,051	-281	-1,139	-1,318	-3,040	-1,421	-218	-276	-443
Repurchase of Common Equity	-1,298	-337	-686	-183	-260	-189	-180	-350	-420	-416
Payment of Dividends	0.00	-22	0.00	0.00	-	-	-	-	-	-
Issuance of Debt	2.00	718	759	2,065	1,070	3,199	1,413	313	885	320
Issuance of Preferred Equity	0.00	0.00	488	0.00	-	-	-	-	-	-
Issuance of Common Equity	552	694	0.00	0.00	-	-	-	-	-	-
Other Financing Activities, net	-425	0.00	0.00	-	-	-	-	12	61	24

This table details how cash moves in and out of Flex's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/27/2024	6/28/2024	3/31/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	7/1/2022
Net Change in Cash & Equivalents	-268	358	-231	714	-136	240	-634	1,540	112	-194	-317
Net Cash From Operating Activities	413	319	340	679	284	357	6.00	450	359	103	38
Net Cash From Continuing Operating Activities	413	319	340	1,685	284	357	6.00	1,243	359	103	38
Net Income / (Loss) Continuing Operations	263	214	139	1,401	233	406	211	1,156	237	238	195
Consolidated Net Income / (Loss)	263	214	139	1,401	233	406	211	1,156	237	238	195
Depreciation Expense	144	131	126	147	130	127	133	130	124	123	124
Changes in Operating Assets and Liabilities, net	6.00	-26	75	342	-79	-176	-338	-74	-2.00	-258	-281
Net Cash From Investing Activities	-435	-124	-82	-78	-117	-142	-155	-179	-154	-182	-89
Net Cash From Continuing Investing Activities	-435	-124	-82	-78	-117	-142	-155	-179	-154	-182	-89
Purchase of Property, Plant & Equipment	-112	-103	-111	-81	-130	-152	-167	-180	-159	-189	-107
Acquisitions	-346	-3.00	2.00	-	-	-	0.00	-	-	-	-
Sale of Property, Plant & Equipment	5.00	3.00	3.00	4.00	2.00	8.00	11	-	2.00	2.00	16
Other Investing Activities, net	18	-21	24	-13	11	2.00	1.00	-3.00	7.00	1.00	2.00
Net Cash From Financing Activities	-203	147	-468	-888	-308	26	-486	455	-157	-86	-210
Net Cash From Continuing Financing Activities	-203	147	-468	-888	-308	26	-486	455	-157	-86	-210
Repayment of Debt	-2.00	-52	-11	-3.00	-33	-160	-291	-72	-936	-14	-29
Repurchase of Common Equity	-201	-300	-457	-517	-275	-309	-197	-44	-40	-72	-181
Effect of Exchange Rate Changes	-43	-	-	-	5.00	-	-	-	64	-	-

This table presents Flex's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	3/31/2015
Total Assets	18,257	21,407	19,325	15,836	13,690	13,499	13,716	12,593	12,385	11,653
Total Current Assets	12,992	16,033	14,337	11,363	9,086	9,103	9,170	8,388	8,315	8,741
Cash & Equivalents	2,474	3,164	2,964	2,637	1,923	1,697	1,472	1,831	1,608	1,628
Accounts Receivable	3,033	3,480	3,371	3,959	2,436	2,613	2,518	2,193	2,045	2,338
Inventories, net	6,205	7,388	6,580	3,895	3,785	3,723	3,800	3,396	3,492	3,489
Other Current Assets	1,280	1,118	1,422	872	942	1,071	1,380	968	1,171	1,286
Plant, Property, & Equipment, net	2,269	2,342	2,125	2,097	2,216	2,336	2,240	2,317	2,258	2,092
Total Noncurrent Assets	2,996	3,032	2,863	2,376	2,388	2,060	2,306	1,889	1,812	820
Goodwill	1,135	1,139	1,342	1,090	1,065	1,073	1,121	985	942	415
Intangible Assets	245	315	411	213	262	331	424	362	404	-
Other Noncurrent Operating Assets	1,616	1,095	1,110	1,073	1,061	656	760	542	466	405
Total Liabilities & Shareholders' Equity	18,257	21,407	19,325	15,836	13,690	13,499	13,716	12,593	12,385	11,653
Total Liabilities	12,932	15,701	15,118	12,400	10,859	10,527	10,697	9,915	9,779	9,257
Total Current Liabilities	8,539	10,867	10,711	7,834	7,211	7,598	7,268	6,505	6,572	6,755
Short-Term Debt	0.00	150	949	268	149	633	43	62	65	45
Accounts Payable	4,468	5,724	6,254	5,247	5,108	5,147	5,122	4,485	4,248	4,561
Current Deferred Revenue	2,615	2,955	2,002	848	-	-	-	-	-	-
Current Employee Benefit Liabilities	488	506	470	473	364	392	383	344	354	340
Other Current Liabilities	968	1,019	1,036	998	1,590	1,426	1,719	1,614	1,905	1,809
Total Noncurrent Liabilities	4,393	4,834	4,407	4,566	3,648	2,929	3,429	3,410	3,207	2,502
Long-Term Debt	3,261	3,544	3,248	3,515	2,689	2,422	2,898	2,891	2,709	2,026
Other Noncurrent Operating Liabilities	1,132	1,058	1,159	1,051	959	508	532	520	498	476
Total Equity & Noncontrolling Interests	5,325	5,706	4,129	3,436	2,831	2,972	3,019	2,678	2,606	2,396
Total Preferred & Common Equity	5,325	5,351	4,129	3,436	2,831	2,972	3,019	2,645	2,571	2,361
Total Common Equity	5,325	5,351	4,129	3,436	2,831	2,972	3,019	2,645	2,571	2,361
Common Stock	5,074	6,493	6,052	6,232	6,336	6,524	6,637	6,734	6,987	7,266
Retained Earnings	446	-560	-1,353	-2,289	-2,902	-3,012	-3,144	-3,573	-3,892	-4,336
Accumulated Other Comprehensive Income / (Loss)	-195	-194	-182	-119	-215	-151	-86	-128	-136	-181

This table presents Flex's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	12/31/2024	9/27/2024	6/28/2024	12/31/2023	9/29/2023	6/30/2023	12/31/2022	9/30/2022	7/1/2022	12/31/2021
Total Assets	18,272	18,586	17,737	20,366	20,968	20,936	20,892	20,623	20,054	18,175
Total Current Assets	12,756	13,351	12,548	14,877	15,463	15,540	15,819	15,630	15,147	13,213
Cash & Equivalents	2,313	2,601	2,243	2,764	2,900	2,660	2,565	2,453	2,647	2,574
Accounts Receivable	3,382	3,502	2,952	3,605	3,801	3,764	3,939	3,956	3,782	3,493
Inventories, net	5,270	5,466	5,839	6,815	7,166	7,526	7,838	7,726	7,243	5,958
Other Current Assets	1,791	1,782	1,514	1,693	1,596	1,590	1,477	1,495	1,475	1,188
Plant, Property, & Equipment, net	2,241	2,254	2,228	2,328	2,328	2,363	2,289	2,201	2,135	2,112
Total Noncurrent Assets	3,275	2,981	2,961	3,161	3,177	3,033	2,784	2,792	2,772	2,850
Goodwill	1,332	1,146	1,139	1,348	1,337	1,344	1,340	1,325	1,336	1,346
Intangible Assets	343	223	230	266	275	299	332	328	372	428
Other Noncurrent Operating Assets	1,600	1,612	1,592	1,547	1,565	1,390	1,112	1,139	1,064	1,076
Total Liabilities & Shareholders' Equity	18,272	18,586	17,737	20,366	20,968	20,936	20,892	20,623	20,054	18,175
Total Liabilities	13,280	13,583	12,741	13,921	14,612	15,150	16,290	16,353	15,879	12,971
Total Current Liabilities	9,037	9,306	8,969	9,386	10,106	10,638	11,668	12,146	11,590	9,642
Short-Term Debt	532	531	543	3.00	0.00	151	494	916	946	648
Accounts Payable	5,033	5,144	4,726	5,292	5,728	5,890	6,630	6,818	6,694	5,992
Current Deferred Revenue	1,942	2,134	2,265	2,567	2,795	3,038	2,985	2,700	2,400	-
Current Employee Benefit Liabilities	511	473	428	513	500	474	502	479	419	465
Other Current Liabilities	1,019	1,024	1,007	1,011	1,083	1,085	1,057	1,233	1,131	988
Total Noncurrent Liabilities	4,243	4,277	3,772	4,535	4,506	4,512	4,622	4,207	4,289	4,878
Long-Term Debt	3,147	3,178	2,672	3,431	3,412	3,444	3,522	3,081	3,129	3,798
Other Noncurrent Operating Liabilities	1,096	1,099	1,100	1,104	1,094	1,068	1,100	1,126	1,160	1,080
Total Equity & Noncontrolling Interests	4,992	5,003	4,996	6,445	6,356	5,786	4,505	4,180	4,091	3,655
Total Preferred & Common Equity	4,992	5,003	4,996	5,965	5,906	5,406	4,505	4,180	4,091	3,655
Total Common Equity	4,992	5,003	4,996	5,965	5,906	5,406	4,505	4,180	4,091	3,655
Common Stock	4,209	4,377	4,649	6,056	6,292	6,337	5,839	5,852	5,897	5,721
Retained Earnings	1,062	799	585	51	-146	-374	-702	-932	-1,164	-1,520
Accumulated Other Comprehensive Income / (Loss)	-279	-173	-238	-142	-240	-169	-244	-352	-254	-158

This table displays calculated financial ratios and metrics derived from Flex's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	3/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.32%	15.71%	2.11%	-0.36%	-7.63%	3.03%	6.61%	-2.28%	-6.61%	0.15%
EBITDA Growth	-10.98%	-1.75%	14.17%	40.50%	-14.49%	4.25%	9.77%	1.08%	-19.91%	40.02%
EBIT Growth	-19.98%	-4.17%	35.43%	133.93%	-6.62%	-31.54%	40.46%	-18.44%	-32.20%	67.47%
NOPAT Growth	29.75%	6.92%	17.95%	197.16%	-5.69%	-15.70%	-14.48%	-35.88%	-18.54%	36.29%
Net Income Growth	20.52%	9.89%	53.34%	596.59%	-5.38%	-78.30%	34.10%	-28.04%	-26.09%	64.34%
EPS Growth	32.56%	9.89%	53.34%	611.76%	-5.56%	-77.50%	35.59%	-25.32%	-22.55%	72.88%
Operating Cash Flow Growth	39.58%	-7.23%	611.11%	109.39%	48.40%	23.16%	-1.16%	-436.32%	43.12%	-34.73%
Free Cash Flow Firm Growth	-9.61%	1,395.36%	65.50%	-118.85%	103.44%	200.49%	-228.19%	176.36%	-178.44%	5.53%
Invested Capital Growth	8.85%	3.22%	18.73%	22.32%	-13.49%	-3.49%	18.08%	0.72%	32.89%	4.73%
Revenue Q/Q Growth	-2.52%	0.67%	-3.23%	3.35%	-2.97%	-0.70%	2.20%	0.38%	-0.73%	-2.87%
EBITDA Q/Q Growth	-11.56%	-3.26%	1.18%	12.03%	-7.34%	25.11%	-6.16%	4.16%	-8.44%	10.39%
EBIT Q/Q Growth	-19.26%	-5.07%	2.93%	15.77%	32.56%	52.19%	-13.76%	8.71%	-16.01%	16.97%
NOPAT Q/Q Growth	12.71%	-7.68%	-13.75%	21.90%	315.39%	120.22%	-48.96%	-10.45%	-10.10%	6.07%
Net Income Q/Q Growth	2.64%	22.83%	-6.84%	45.22%	440.04%	-32.68%	-19.90%	8.68%	-14.25%	18.11%
EPS Q/Q Growth	30.29%	22.83%	-6.84%	47.56%	666.67%	-30.77%	-19.19%	9.26%	-14.13%	18.60%
Operating Cash Flow Q/Q Growth	20.88%	10.47%	24.12%	-3.36%	34.53%	3.77%	51.32%	-415.91%	6.77%	3.45%
Free Cash Flow Firm Q/Q Growth	971.48%	-64.93%	96.61%	-25.83%	57.22%	82.18%	4.32%	-34.92%	-3.56%	-2.24%
Invested Capital Q/Q Growth	-14.10%	-7.24%	-23.12%	0.00%	-3.95%	-4.29%	-3.17%	4.07%	0.57%	2.40%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	7.06%	6.93%	7.23%	6.99%	5.53%	5.79%	6.27%	6.37%	6.59%	5.91%
EBITDA Margin	5.10%	5.30%	6.25%	5.59%	3.96%	4.28%	4.23%	4.11%	3.97%	4.63%
Operating Margin	3.23%	3.57%	3.61%	3.30%	1.71%	1.82%	1.38%	1.64%	2.21%	2.76%
EBIT Margin	3.06%	3.55%	4.28%	3.23%	1.38%	1.36%	2.05%	1.55%	1.86%	2.56%
Profit (Net Income) Margin	4.71%	3.62%	3.82%	2.54%	0.36%	0.35%	1.68%	1.34%	1.82%	2.30%
Tax Burden Percent	186.94%	128.01%	97.51%	85.85%	55.35%	51.10%	82.27%	86.17%	97.67%	89.58%
Interest Burden Percent	82.32%	79.82%	91.37%	91.66%	47.75%	51.04%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-30.93%	15.37%	9.54%	14.15%	44.65%	48.90%	17.73%	13.83%	2.33%	10.42%
Return on Invested Capital (ROIC)	19.05%	15.57%	16.07%	16.39%	5.69%	5.52%	6.97%	8.92%	15.94%	23.31%
ROIC Less NNEP Spread (ROIC-NNEP)	55.87%	45.74%	27.41%	9.64%	-6.78%	-5.13%	17.76%	7.33%	5.65%	13.63%
Return on Net Nonoperating Assets (RNNOA)	3.53%	5.27%	8.53%	3.17%	-2.66%	-2.42%	8.07%	3.17%	1.82%	2.82%
Return on Equity (ROE)	22.57%	20.84%	24.60%	19.56%	3.03%	3.10%	15.04%	12.10%	17.76%	26.13%
Cash Return on Invested Capital (CROIC)	10.57%	12.41%	-1.06%	-3.69%	20.16%	9.08%	-9.61%	8.20%	-12.31%	18.69%
Operating Return on Assets (OROA)	4.08%	4.96%	6.00%	5.28%	2.45%	2.62%	3.96%	2.97%	3.78%	5.55%
Return on Assets (ROA)	6.28%	5.07%	5.35%	4.15%	0.65%	0.68%	3.26%	2.56%	3.69%	4.98%
Return on Common Equity (ROCE)	21.85%	19.93%	24.35%	19.56%	3.03%	3.10%	14.96%	11.94%	17.51%	25.71%
Return on Equity Simple (ROE_SIMPLE)	23.38%	19.30%	22.77%	17.84%	3.11%	3.13%	14.20%	12.08%	17.27%	25.45%
Net Operating Profit after Tax (NOPAT)	1,117	861	805	683	230	244	289	338	527	647
NOPAT Margin	4.23%	3.02%	3.27%	2.83%	0.95%	0.93%	1.14%	1.42%	2.16%	2.47%
Net Nonoperating Expense Percent (NNEP)	-36.83%	-30.17%	-11.34%	6.75%	12.47%	10.65%	-10.78%	1.60%	10.29%	9.68%
Cost of Revenue to Revenue	92.94%	93.07%	92.77%	93.01%	94.47%	94.21%	93.73%	93.63%	93.41%	94.09%
SG&A Expenses to Revenue	3.49%	3.07%	3.37%	3.39%	3.44%	3.64%	4.01%	3.93%	3.91%	3.23%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	3.83%	3.36%	3.61%	3.70%	3.82%	3.97%	4.89%	4.73%	4.38%	3.15%
Earnings before Interest and Taxes (EBIT)	809	1,011	1,055	779	333	357	521	371	455	671
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,346	1,512	1,539	1,348	959	1,122	1,076	981	970	1,211
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.26	1.94	2.09	2.66	1.49	1.75	2.85	3.40	2.57	3.07
Price to Tangible Book Value (P/TBV)	3.05	2.66	3.62	4.29	2.81	3.32	5.85	6.93	5.40	3.73
Price to Revenue (P/Rev)	0.46	0.36	0.35	0.38	0.17	0.20	0.34	0.38	0.27	0.28
Price to Earnings (P/E)	11.98	13.09	9.20	14.91	47.97	56.07	20.11	28.14	14.90	12.08
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.35%	7.64%	10.87%	6.71%	2.08%	1.78%	4.97%	3.55%	6.71%	8.28%
Enterprise Value to Invested Capital (EV/IC)	2.10	2.01	1.82	2.24	1.37	1.52	2.25	2.67	2.07	2.72
Enterprise Value to Revenue (EV/Rev)	0.49	0.40	0.40	0.43	0.21	0.25	0.40	0.43	0.32	0.30
Enterprise Value to EBITDA (EV/EBITDA)	9.54	7.45	6.45	7.63	5.35	5.86	9.37	10.35	8.06	6.38
Enterprise Value to EBIT (EV/EBIT)	15.87	11.14	9.40	13.20	15.42	18.43	19.36	27.36	17.19	11.53
Enterprise Value to NOPAT (EV/NOPAT)	11.49	13.09	12.32	15.07	22.36	26.99	34.91	30.04	14.84	11.95
Enterprise Value to Operating Cash Flow (EV/OCF)	9.68	11.86	9.69	71.43	0.00	0.00	0.00	0.00	6.88	9.74
Enterprise Value to Free Cash Flow (EV/FCFF)	20.71	16.43	0.00	0.00	6.31	16.43	0.00	32.67	0.00	14.91
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.61	0.65	1.00	1.10	1.00	1.03	0.97	1.10	1.06	0.86
Long-Term Debt to Equity	0.61	0.62	0.77	1.02	0.95	0.81	0.96	1.08	1.04	0.85
Financial Leverage	0.06	0.12	0.31	0.33	0.39	0.47	0.45	0.43	0.32	0.21
Leverage Ratio	3.60	4.11	4.60	4.71	4.69	4.54	4.62	4.73	4.81	5.25
Compound Leverage Factor	2.96	3.28	4.20	4.32	2.24	2.32	4.62	4.73	4.81	5.25
Debt to Total Capital	37.98%	39.30%	49.94%	52.40%	50.06%	50.68%	49.35%	52.43%	51.57%	46.36%
Short-Term Debt to Total Capital	0.00%	1.60%	11.29%	3.71%	2.63%	10.50%	0.72%	1.09%	1.21%	1.01%
Long-Term Debt to Total Capital	37.98%	37.70%	38.65%	48.69%	47.43%	40.19%	48.62%	51.34%	50.36%	45.35%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	3.78%	0.93%	0.00%	0.00%	0.00%	0.00%	0.60%	0.64%	0.79%
Common Equity to Total Capital	62.02%	56.93%	49.13%	47.60%	49.94%	49.32%	50.65%	46.97%	47.79%	52.85%
Debt to EBITDA	2.42	2.44	2.73	2.81	2.96	2.72	2.73	3.01	2.86	1.71
Net Debt to EBITDA	0.58	0.35	0.80	0.85	0.95	1.21	1.36	1.14	1.20	0.37
Long-Term Debt to EBITDA	2.42	2.34	2.11	2.61	2.80	2.16	2.69	2.95	2.79	1.67
Debt to NOPAT	2.92	4.29	5.21	5.54	12.36	12.54	10.18	8.74	5.27	3.20
Net Debt to NOPAT	0.70	0.62	1.53	1.68	3.98	5.58	5.08	3.32	2.21	0.68
Long-Term Debt to NOPAT	2.92	4.12	4.03	5.15	11.71	9.94	10.03	8.56	5.14	3.13
Altman Z-Score	2.48	2.14	1.92	2.19	1.95	2.15	2.31	2.32	2.23	2.59
Noncontrolling Interest Sharing Ratio	3.22%	4.37%	1.02%	0.00%	0.00%	0.00%	0.59%	1.29%	1.40%	1.61%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.52	1.48	1.34	1.45	1.26	1.20	1.26	1.29	1.27	1.29
Quick Ratio	0.64	0.61	0.59	0.84	0.60	0.57	0.55	0.62	0.56	0.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	620	686	-53	-153	814	400	-398	311	-407	519
Operating Cash Flow to CapEx	262.57%	154.47%	237.04%	54.14%	-430.62%	-470.09%	-747.53%	-780.81%	228.68%	331.23%
Free Cash Flow to Firm to Interest Expense	2.99	2.98	-0.32	-1.04	4.68	2.29	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	6.41	4.13	6.17	0.97	-8.81	-16.98	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	3.97	1.46	3.57	-0.82	-10.86	-20.59	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.33	1.40	1.40	1.63	1.78	1.93	1.93	1.91	2.03	2.17
Accounts Receivable Turnover	8.11	8.32	6.72	7.54	9.59	10.22	10.80	11.26	11.14	10.39
Inventory Turnover	3.61	3.80	4.36	5.84	6.09	6.56	6.63	6.49	6.54	6.94
Fixed Asset Turnover	11.46	12.76	11.67	11.19	10.64	11.46	11.17	10.43	11.23	11.94
Accounts Payable Turnover	4.82	4.43	3.97	4.33	4.46	4.81	4.96	5.12	5.18	5.29
Days Sales Outstanding (DSO)	45.00	43.87	54.31	48.38	38.06	35.72	33.79	32.41	32.75	35.15
Days Inventory Outstanding (DIO)	101.05	96.10	83.65	62.47	59.91	55.60	55.08	56.27	55.85	52.58
Days Payable Outstanding (DPO)	75.77	82.41	91.84	84.23	81.83	75.90	73.53	71.34	70.48	69.05
Cash Conversion Cycle (CCC)	70.28	57.56	46.11	26.62	16.14	15.42	15.34	17.34	18.12	18.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,112	5,615	5,440	4,582	3,746	4,330	4,487	3,800	3,773	2,839
Invested Capital Turnover	4.51	5.16	4.92	5.79	6.00	5.95	6.14	6.30	7.39	9.42
Increase / (Decrease) in Invested Capital	497	175	858	836	-584	-157	687	27	934	128
Enterprise Value (EV)	12,836	11,264	9,920	10,286	5,136	6,572	10,085	10,147	7,818	7,733
Market Capitalization	12,049	10,379	8,609	9,140	4,221	5,214	8,617	8,992	6,616	7,255
Book Value per Share	$12.64	$11.86	$8.90	$6.88	$5.62	$5.70	$5.72	$4.94	$4.69	$4.12
Tangible Book Value per Share	$9.37	$8.64	$5.12	$4.27	$2.98	$3.01	$2.79	$2.42	$2.23	$3.40
Total Capital	8,586	9,400	8,404	7,219	5,669	6,027	5,959	5,630	5,380	4,467
Total Debt	3,261	3,694	4,197	3,783	2,838	3,055	2,941	2,952	2,775	2,071
Total Long-Term Debt	3,261	3,544	3,248	3,515	2,689	2,422	2,898	2,891	2,709	2,026
Net Debt	787	530	1,233	1,146	915	1,358	1,468	1,121	1,167	443
Capital Expenditures (CapEx)	505	615	432	266	356	632	517	490	497	240
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,979	2,152	1,611	1,160	101	442	473	114	201	402
Debt-free Net Working Capital (DFNWC)	4,453	5,316	4,575	3,797	2,024	2,139	1,945	1,945	1,808	2,031
Net Working Capital (NWC)	4,453	5,166	3,626	3,529	1,875	1,506	1,902	1,883	1,743	1,986
Net Nonoperating Expense (NNE)	-128	-172	-135	70	142	151	-140	18	83	46
Net Nonoperating Obligations (NNO)	787	-91	1,233	1,146	915	1,358	1,468	1,121	1,167	443
Total Depreciation and Amortization (D&A)	537	501	484	569	626	765	555	610	515	540
Debt-free, Cash-free Net Working Capital to Revenue	7.49%	7.55%	6.54%	4.81%	0.42%	1.69%	1.86%	0.48%	0.82%	1.54%
Debt-free Net Working Capital to Revenue	16.86%	18.65%	18.57%	15.74%	8.36%	8.16%	7.65%	8.15%	7.40%	7.77%
Net Working Capital to Revenue	16.86%	18.13%	14.72%	14.63%	7.74%	5.75%	7.48%	7.89%	7.14%	7.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.31	$1.29	$1.45	$0.90	$0.12	$0.13	$0.59	$0.43	$0.59	$0.76
Adjusted Weighted Average Basic Shares Outstanding	435M	618.23M	648.19M	679.51M	692.82M	716.98M	721.43M	736.03M	759.40M	789.78M
Adjusted Diluted Earnings per Share	$2.28	$1.26	$1.42	$0.89	$0.12	$0.13	$0.59	$0.43	$0.58	$0.75
Adjusted Weighted Average Diluted Shares Outstanding	441M	629.12M	657.72M	679.51M	697.81M	721.82M	730.71M	743.81M	769.21M	805.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	401.64M	605.29M	623.19M	679.51M	677.62M	699.98M	719.38M	721.61M	739.16M	768.01M
Normalized Net Operating Profit after Tax (NOPAT)	611	864	805	694	244	251	410	433	574	599
Normalized NOPAT Margin	2.31%	3.03%	3.27%	2.88%	1.01%	0.96%	1.61%	1.81%	2.35%	2.29%
Pre Tax Income Margin	2.52%	2.83%	3.91%	2.96%	0.66%	0.69%	2.05%	1.55%	1.86%	2.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.91	4.40	6.36	5.26	1.91	2.04	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	5.40	3.74	4.85	4.61	1.32	1.39	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1.47	1.72	3.75	3.47	-0.13	-1.57	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	2.96	1.07	2.25	2.81	-0.73	-2.22	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	104.26%	34.75%	72.98%	29.85%	295.45%	203.23%	42.02%	109.38%	94.65%	69.23%

This table displays calculated financial ratios and metrics derived from Flex's official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/27/2024	6/28/2024	3/31/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	7/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.10%	-5.60%	-8.39%	-12.14%	-17.21%	-10.73%	-6.19%	3.49%	17.18%	24.67%	15.85%
EBITDA Growth	48.28%	9.64%	6.23%	-78.22%	-27.50%	-10.86%	-16.79%	-17.88%	18.28%	-9.61%	15.38%
EBIT Growth	74.07%	12.73%	13.73%	-203.16%	-40.19%	-16.30%	-27.40%	-35.37%	25.90%	-14.02%	20.60%
NOPAT Growth	81.51%	-0.68%	-12.47%	-291.78%	-42.13%	-14.76%	-15.71%	-75.74%	23.84%	32.49%	1.41%
Net Income Growth	12.88%	-47.29%	-34.12%	8.82%	-1.69%	70.59%	8.21%	112.28%	4.41%	-29.17%	-5.34%
EPS Growth	48.89%	5.88%	-17.07%	193.55%	-1.69%	70.59%	8.21%	112.28%	4.41%	-27.54%	-2.44%
Operating Cash Flow Growth	45.42%	-10.64%	5,566.67%	50.89%	-20.89%	246.60%	-84.21%	25.00%	139.33%	-42.78%	-88.62%
Free Cash Flow Firm Growth	218.80%	222.94%	199.61%	-288.00%	-168.07%	-17.86%	-18.57%	80.29%	158.13%	-907.37%	-452.44%
Invested Capital Growth	-10.64%	-11.02%	-11.20%	8.85%	17.55%	18.13%	19.95%	3.22%	-14.46%	20.10%	21.96%
Revenue Q/Q Growth	0.17%	3.66%	27.58%	-30.33%	-7.39%	0.59%	22.35%	-27.37%	-0.13%	5.70%	34.98%
EBITDA Q/Q Growth	9.49%	20.67%	630.61%	-89.64%	-19.04%	16.91%	49.78%	-48.86%	-0.45%	9.14%	47.81%
EBIT Q/Q Growth	9.30%	29.74%	336.73%	-128.57%	-29.21%	30.88%	114.74%	-69.94%	-0.94%	13.52%	91.16%
NOPAT Q/Q Growth	26.69%	42.72%	380.20%	-122.79%	-30.68%	25.79%	513.93%	-89.19%	2.11%	24.39%	76.66%
Net Income Q/Q Growth	22.90%	53.96%	-64.81%	69.53%	-42.61%	92.42%	-41.87%	53.16%	-0.42%	22.05%	14.04%
EPS Q/Q Growth	24.07%	58.82%	-62.64%	102.22%	-42.61%	92.42%	-41.87%	53.16%	-0.42%	25.00%	14.29%
Operating Cash Flow Q/Q Growth	29.47%	-6.18%	-49.93%	139.08%	-20.45%	5,850.00%	-98.67%	25.35%	248.54%	171.05%	-89.44%
Free Cash Flow Firm Q/Q Growth	6.44%	8.25%	265.41%	30.17%	-10.15%	12.29%	-544.31%	-110.93%	290.72%	11.76%	-7.11%
Invested Capital Q/Q Growth	4.04%	2.40%	-2.36%	-14.10%	3.60%	2.19%	19.70%	-7.24%	4.11%	3.77%	3.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.06%	8.11%	7.46%	1.66%	6.74%	7.49%	6.91%	4.74%	7.52%	7.61%	7.28%
EBITDA Margin	7.21%	6.60%	5.67%	0.99%	4.97%	5.68%	4.89%	3.99%	5.67%	5.69%	5.51%
Operating Margin	5.09%	4.54%	3.69%	-1.74%	3.08%	4.05%	3.12%	1.76%	4.14%	4.18%	3.70%
EBIT Margin	5.02%	4.60%	3.67%	-1.98%	2.94%	3.85%	2.96%	1.69%	4.07%	4.11%	3.82%
Profit (Net Income) Margin	4.01%	3.27%	2.20%	7.98%	3.63%	5.86%	3.06%	6.44%	3.06%	3.06%	2.65%
Tax Burden Percent	91.32%	81.06%	72.40%	-303.85%	153.29%	174.25%	128.66%	885.37%	90.46%	87.50%	84.05%
Interest Burden Percent	87.54%	87.71%	82.76%	132.65%	80.42%	87.27%	80.39%	43.16%	82.91%	85.27%	82.56%
Effective Tax Rate	8.68%	18.94%	27.60%	0.00%	15.13%	13.73%	10.37%	68.29%	9.54%	12.50%	15.95%
Return on Invested Capital (ROIC)	17.67%	14.43%	10.88%	-5.48%	10.29%	15.01%	12.73%	2.87%	16.15%	18.68%	15.65%
ROIC Less NNEP Spread (ROIC-NNEP)	13.54%	11.12%	7.77%	125.32%	16.41%	30.92%	14.27%	60.95%	13.96%	15.45%	12.97%
Return on Net Nonoperating Assets (RNNOA)	2.41%	1.59%	1.37%	7.91%	3.15%	5.98%	3.39%	7.02%	8.23%	5.70%	4.24%
Return on Equity (ROE)	20.08%	16.01%	12.25%	2.43%	13.44%	20.99%	16.11%	9.89%	24.38%	24.38%	19.89%
Cash Return on Invested Capital (CROIC)	29.07%	28.20%	28.96%	10.57%	-6.13%	-4.28%	-4.76%	12.41%	29.79%	-1.77%	-3.88%
Operating Return on Assets (OROA)	6.65%	5.92%	4.91%	-2.64%	3.69%	5.04%	4.05%	2.36%	5.91%	5.98%	5.41%
Return on Assets (ROA)	5.31%	4.21%	2.94%	10.63%	4.55%	7.66%	4.19%	9.02%	4.43%	4.46%	3.75%
Return on Common Equity (ROCE)	19.24%	15.38%	11.82%	2.35%	12.74%	19.92%	15.36%	9.46%	24.09%	24.09%	19.68%
Return on Equity Simple (ROE_SIMPLE)	20.25%	19.61%	23.48%	0.00%	20.34%	20.61%	19.40%	0.00%	18.67%	19.88%	22.71%
Net Operating Profit after Tax (NOPAT)	305	241	169	-60	168	242	193	31	290	284	229
NOPAT Margin	4.65%	3.68%	2.67%	-1.22%	2.62%	3.50%	2.80%	0.56%	3.74%	3.66%	3.11%
Net Nonoperating Expense Percent (NNEP)	4.13%	3.30%	3.11%	-130.80%	-6.13%	-15.91%	-1.55%	-58.08%	2.19%	3.23%	2.67%
Return On Investment Capital (ROIC_SIMPLE)	3.52%	-	-	-	1.70%	-	-	-	-	-	-
Cost of Revenue to Revenue	90.94%	91.89%	92.54%	98.34%	93.26%	92.51%	93.09%	95.26%	92.48%	92.39%	92.72%
SG&A Expenses to Revenue	3.68%	3.30%	3.37%	3.05%	3.19%	3.19%	3.41%	2.57%	3.13%	3.15%	3.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	3.97%	3.58%	3.77%	3.39%	3.66%	3.43%	3.79%	2.98%	3.38%	3.43%	3.58%
Earnings before Interest and Taxes (EBIT)	329	301	232	-98	189	267	204	95	316	319	281
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	473	432	358	49	319	394	337	225	440	442	405
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.98	2.66	2.37	2.26	2.22	2.04	2.27	1.94	2.16	1.82	1.59
Price to Tangible Book Value (P/TBV)	4.49	3.67	3.27	3.05	3.04	2.81	3.26	2.66	3.43	3.01	2.74
Price to Revenue (P/Rev)	0.58	0.52	0.46	0.46	0.51	0.44	0.44	0.36	0.34	0.28	0.25
Price to Earnings (P/E)	14.73	14.10	12.35	11.98	17.59	15.33	15.55	13.09	11.88	9.32	7.10
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.79%	7.09%	8.10%	8.35%	5.68%	6.52%	6.43%	7.64%	8.42%	10.73%	14.09%
Enterprise Value to Invested Capital (EV/IC)	2.56	2.36	2.15	2.10	2.02	1.89	2.02	2.01	1.86	1.59	1.43
Enterprise Value to Revenue (EV/Rev)	0.64	0.57	0.50	0.49	0.56	0.48	0.48	0.40	0.40	0.34	0.31
Enterprise Value to EBITDA (EV/EBITDA)	10.43	10.27	9.38	9.54	11.29	9.32	9.42	7.45	7.21	5.97	5.04
Enterprise Value to EBIT (EV/EBIT)	16.08	16.57	15.31	15.87	19.07	14.75	14.56	11.14	10.58	8.78	7.28
Enterprise Value to NOPAT (EV/NOPAT)	13.53	13.45	11.82	11.49	21.86	16.63	16.49	13.09	12.08	10.51	9.91
Enterprise Value to Operating Cash Flow (EV/OCF)	9.28	8.90	7.72	9.68	13.12	11.10	14.82	11.86	13.10	14.18	11.03
Enterprise Value to Free Cash Flow (EV/FCFF)	8.30	7.89	6.98	20.71	0.00	0.00	0.00	16.43	5.76	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.74	0.74	0.64	0.61	0.53	0.54	0.62	0.65	0.87	0.94	0.98
Long-Term Debt to Equity	0.63	0.64	0.53	0.61	0.53	0.54	0.60	0.62	0.77	0.72	0.75
Financial Leverage	0.18	0.14	0.18	0.06	0.19	0.19	0.24	0.12	0.59	0.37	0.33
Leverage Ratio	3.38	3.48	3.59	3.60	3.73	3.91	4.12	4.11	4.73	4.80	4.72
Compound Leverage Factor	2.96	3.05	2.97	4.77	3.00	3.42	3.31	1.77	3.92	4.09	3.90
Debt to Total Capital	42.43%	42.57%	39.15%	37.98%	34.76%	34.93%	38.32%	39.30%	46.60%	48.35%	49.39%
Short-Term Debt to Total Capital	6.14%	6.10%	6.61%	0.00%	0.03%	0.00%	1.61%	1.60%	5.73%	11.08%	11.47%
Long-Term Debt to Total Capital	36.29%	36.48%	32.54%	37.98%	34.73%	34.93%	36.71%	37.70%	40.87%	37.27%	37.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	4.86%	4.61%	4.05%	3.78%	1.13%	1.09%	1.02%
Common Equity to Total Capital	57.57%	57.43%	60.85%	62.02%	60.38%	60.46%	57.63%	56.93%	52.27%	50.56%	49.59%
Debt to EBITDA	2.36	2.64	2.35	2.42	2.69	2.44	2.49	2.44	2.57	2.59	2.56
Net Debt to EBITDA	0.88	0.79	0.71	0.58	0.53	0.37	0.65	0.35	0.93	1.00	0.90
Long-Term Debt to EBITDA	2.02	2.26	1.95	2.42	2.69	2.44	2.39	2.34	2.25	1.99	1.96
Debt to NOPAT	3.06	3.46	2.96	2.92	5.21	4.36	4.36	4.29	4.31	4.55	5.03
Net Debt to NOPAT	1.14	1.03	0.90	0.70	1.02	0.65	1.13	0.62	1.56	1.76	1.76
Long-Term Debt to NOPAT	2.62	2.96	2.46	2.92	5.21	4.36	4.18	4.12	3.78	3.51	3.86
Altman Z-Score	2.46	2.33	2.35	2.32	2.20	2.13	2.11	2.00	1.95	1.79	1.70
Noncontrolling Interest Sharing Ratio	4.20%	3.96%	3.52%	3.22%	5.22%	5.08%	4.66%	4.37%	1.17%	1.16%	1.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.41	1.43	1.40	1.52	1.59	1.53	1.46	1.48	1.36	1.29	1.31
Quick Ratio	0.63	0.66	0.58	0.64	0.68	0.66	0.60	0.61	0.56	0.53	0.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,062	998	922	-557	-894	-812	-925	-144	1,313	-689	-780
Operating Cash Flow to CapEx	385.98%	319.00%	314.81%	881.82%	221.88%	247.92%	3.85%	250.00%	228.66%	55.08%	41.76%
Free Cash Flow to Firm to Interest Expense	18.63	18.83	16.46	-6.97	-17.88	-16.56	-16.52	-1.80	24.32	-14.65	-15.93
Operating Cash Flow to Interest Expense	7.25	6.02	6.07	8.49	5.68	7.29	0.11	5.63	6.65	2.19	0.78
Operating Cash Flow Less CapEx to Interest Expense	5.37	4.13	4.14	7.53	3.12	4.35	-2.68	3.38	3.74	-1.79	-1.08
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.32	1.29	1.34	1.33	1.25	1.31	1.37	1.40	1.45	1.46	1.41
Accounts Receivable Turnover	7.32	6.97	7.69	8.11	6.86	7.02	7.43	8.32	7.62	7.28	6.73
Inventory Turnover	3.90	3.73	3.59	3.61	3.30	3.41	3.54	3.80	3.81	3.91	4.07
Fixed Asset Turnover	11.20	11.11	11.26	11.46	11.21	12.02	12.47	12.76	12.87	12.64	12.15
Accounts Payable Turnover	4.56	4.34	4.52	4.82	4.06	4.04	4.15	4.43	4.16	3.98	3.92
Days Sales Outstanding (DSO)	49.84	52.37	47.44	45.00	53.20	52.02	49.10	43.87	47.91	50.11	54.21
Days Inventory Outstanding (DIO)	93.65	97.78	101.73	101.05	110.58	107.13	103.15	96.10	95.92	93.36	89.64
Days Payable Outstanding (DPO)	80.01	84.16	80.80	75.77	89.97	90.25	87.89	82.41	87.75	91.71	93.13
Cash Conversion Cycle (CCC)	63.48	65.99	68.36	70.28	73.81	68.90	64.36	57.56	56.07	51.76	50.72
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,358	6,111	5,968	6,112	7,115	6,868	6,721	5,615	6,053	5,814	5,603
Invested Capital Turnover	3.80	3.92	4.07	4.51	3.93	4.29	4.55	5.16	4.31	5.10	5.03
Increase / (Decrease) in Invested Capital	-757	-757	-753	497	1,062	1,054	1,118	175	-1,023	973	1,009
Enterprise Value (EV)	16,253	14,434	12,816	12,836	14,396	13,012	13,601	11,264	11,265	9,232	8,033
Market Capitalization	14,887	13,326	11,844	12,049	13,246	12,050	12,286	10,379	9,717	7,598	6,521
Book Value per Share	$12.87	$12.60	$12.44	$12.64	$13.72	$13.22	$12.16	$11.86	$9.95	$9.17	$8.94
Tangible Book Value per Share	$8.55	$9.15	$9.03	$9.37	$10.01	$9.61	$8.47	$8.64	$6.26	$5.54	$5.21
Total Capital	8,671	8,712	8,211	8,586	9,879	9,768	9,381	9,400	8,618	8,267	8,250
Total Debt	3,679	3,709	3,215	3,261	3,434	3,412	3,595	3,694	4,016	3,997	4,075
Total Long-Term Debt	3,147	3,178	2,672	3,261	3,431	3,412	3,444	3,544	3,522	3,081	3,129
Net Debt	1,366	1,108	972	787	670	512	935	530	1,451	1,544	1,428
Capital Expenditures (CapEx)	107	100	108	77	128	144	156	180	157	187	91
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,938	1,975	1,879	1,979	2,730	2,457	2,393	2,152	2,080	1,947	1,856
Debt-free Net Working Capital (DFNWC)	4,251	4,576	4,122	4,453	5,494	5,357	5,053	5,316	4,645	4,400	4,503
Net Working Capital (NWC)	3,719	4,045	3,579	4,453	5,491	5,357	4,902	5,166	4,151	3,484	3,557
Net Nonoperating Expense (NNE)	42	27	30	-455	-65	-164	-18	-332	53	46	34
Net Nonoperating Obligations (NNO)	1,366	1,108	972	787	670	512	935	-91	1,451	1,544	1,428
Total Depreciation and Amortization (D&A)	144	131	126	147	130	127	133	130	124	123	124
Debt-free, Cash-free Net Working Capital to Revenue	7.58%	7.76%	7.27%	7.49%	10.55%	9.03%	8.53%	7.55%	7.35%	7.16%	7.24%
Debt-free Net Working Capital to Revenue	16.62%	17.98%	15.95%	16.86%	21.23%	19.68%	18.02%	18.65%	16.41%	16.19%	17.56%
Net Working Capital to Revenue	14.54%	15.89%	13.85%	16.86%	21.22%	19.68%	17.48%	18.13%	14.66%	12.82%	13.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.68	$0.54	$0.35	$0.91	$0.46	$0.37	$0.31	$0.23	$0.37	$0.37	$0.30
Adjusted Weighted Average Basic Shares Outstanding	387M	394M	402M	435M	431M	603.25M	608.70M	618.23M	615.51M	619.59M	623.68M
Adjusted Diluted Earnings per Share	$0.67	$0.54	$0.34	$0.91	$0.45	$0.37	$0.30	$0.23	$0.37	$0.37	$0.29
Adjusted Weighted Average Diluted Shares Outstanding	394M	400M	411M	441M	436M	610.06M	619.59M	629.12M	625.04M	626.40M	637.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.91	$0.00	$0.00	$0.00	$0.23	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	383.10M	387.78M	397.07M	401.64M	421.16M	592.16M	608.19M	605.29M	614.26M	616.57M	621.07M
Normalized Net Operating Profit after Tax (NOPAT)	307	242	175	-60	179	242	198	72	290	284	229
Normalized NOPAT Margin	4.68%	3.70%	2.77%	-1.20%	2.79%	3.50%	2.87%	1.28%	3.74%	3.66%	3.11%
Pre Tax Income Margin	4.39%	4.03%	3.04%	-2.63%	2.37%	3.36%	2.38%	0.73%	3.38%	3.50%	3.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.77	5.68	4.14	-1.23	3.78	5.45	3.64	1.19	5.85	6.79	5.73
NOPAT to Interest Expense	5.35	4.54	3.01	-0.75	3.36	4.95	3.44	0.39	5.38	6.05	4.67
EBIT Less CapEx to Interest Expense	3.89	3.79	2.21	-2.19	1.22	2.51	0.86	-1.06	2.94	2.81	3.88
NOPAT Less CapEx to Interest Expense	3.47	2.66	1.08	-1.72	0.80	2.01	0.66	-1.86	2.47	2.07	2.81
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.13%	0.00%	0.00%	0.00%
Augmented Payout Ratio	145.90%	157.90%	132.82%	104.26%	68.01%	48.48%	33.65%	34.75%	47.44%	54.03%	75.89%

Frequently Asked Questions About Flex's Financials

When does Flex's fiscal year end?

According to the most recent income statement we have on file, Flex's financial year ends in March. Their financial year 2024 ended on March 31, 2024.

How has Flex's net income changed over the last 9 years?

Flex's net income appears to be on an upward trend, with a most recent value of $1.25 billion in 2024, rising from $600.80 million in 2015. The previous period was $1.03 billion in 2023. Find out what analysts predict for Flex in the coming months.

What is Flex's operating income?

Flex's total operating income in 2024 was $853 million, based on the following breakdown:

Total Gross Profit: $1.87 billion
Total Operating Expenses: $1.01 billion

How has Flex revenue changed over the last 9 years?

Over the last 9 years, Flex's total revenue changed from $26.15 billion in 2015 to $26.42 billion in 2024, a change of 1.0%.

How much debt does Flex have?

Flex's total liabilities were at $12.93 billion at the end of 2024, a 17.6% decrease from 2023, and a 39.7% increase since 2015.

How much cash does Flex have?

In the past 9 years, Flex's cash and equivalents has ranged from $1.47 billion in 2018 to $3.16 billion in 2023, and is currently $2.47 billion as of their latest financial filing in 2024.

How has Flex's book value per share changed over the last 9 years?

Over the last 9 years, Flex's book value per share changed from 4.12 in 2015 to 12.64 in 2024, a change of 206.5%.

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This page (NASDAQ:FLEX) was last updated on 5/25/2025 by MarketBeat.com Staff

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Flex (FLEX) Financials

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Flex (FLEX) Financials

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