What is Flexsteel Industries' operating income?

Flexsteel Industries' total operating income in 2025 was $26.62 million, based on the following breakdown: Total Gross Profit: $97.94 million Total Operating Expenses: $71.33 million

Flexsteel Industries (FLXS) Financials

$71.30 -0.49 (-0.68%)

Closing price 07/10/2026 04:00 PM Eastern

Extended Trading

$71.18 -0.12 (-0.17%)

As of 07/10/2026 04:10 PM Eastern

Compare

Annual Income Statements for Flexsteel Industries

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	22	24	24	18	-33	-27	23	1.85	15	11	20
Consolidated Net Income / (Loss)	22	24	24	18	-33	-27	23	1.85	15	11	20
Net Income / (Loss) Continuing Operations	22	24	24	18	-33	-27	23	1.85	15	11	20
Total Pre-Tax Income	36	38	38	25	-43	-34	31	5.90	9.22	16	27
Total Operating Income	34	38	37	25	-43	-34	31	6.62	11	17	27
Total Gross Profit	110	114	109	98	70	53	97	73	71	87	98
Total Revenue	467	500	469	489	444	367	479	544	394	413	441
Operating Revenue	467	500	469	489	444	367	479	544	394	413	441
Total Cost of Revenue	357	386	360	391	374	314	382	472	323	326	343
Operating Cost of Revenue	357	386	360	391	374	314	382	472	323	326	343
Total Operating Expenses	75	76	71	74	113	87	66	66	60	70	71
Selling, General & Admin Expense	76	78	73	72	81	72	68	67	63	70	67
Other Operating Expenses / (Income)	-	-2.28	-	-	-	-	-	0.00	0.00	-3.26	-9.45
Impairment Charge	-	-	0.00	0.00	21	-	-	-	0.00	0.00	14
Restructuring Charge	-	-	-	0.00	10	34	3.42	0.73	0.00	2.98	0.00
Other Special Charges / (Income)	-0.25	-	-1.18	1.77	0.48	-19	-5.87	-1.40	-2.79	0.00	0.00
Total Other Income / (Expense), net	1.14	-0.14	0.32	0.62	0.55	0.64	0.27	-0.71	-1.32	-1.53	0.35
Interest Expense	0.13	0.07	0.00	-	-	0.08	0.01	0.84	1.34	1.55	0.07
Interest & Investment Income	1.27	-0.07	-	-	-	-	-	-	0.02	0.02	0.42
Income Tax Expense	13	14	14	7.46	-10	-6.91	8.42	4.05	-5.56	5.02	6.81
Basic Earnings per Share	$3.00	$3.19	$3.06	$2.25	($4.13)	($3.37)	$3.20	$0.29	$2.83	$2.04	$3.84
Weighted Average Basic Shares Outstanding	7.42M	7.60M	7.78M	7.85M	7.89M	7.96M	7.20M	6.33M	5.23M	5.17M	5.25M
Diluted Earnings per Share	$2.89	$3.12	$3.02	$2.23	($4.13)	($3.37)	$3.09	$0.28	$2.74	$1.91	$3.55
Weighted Average Diluted Shares Outstanding	7.71M	7.77M	7.89M	7.92M	7.89M	7.96M	7.47M	6.50M	5.39M	5.52M	5.68M
Weighted Average Basic & Diluted Shares Outstanding	7.40M	7.60M	7.80M	7.90M	7.92M	7.69M	6.82M	5.30M	-	5.20M	5.28M
Cash Dividends to Common per Share	$0.72	$0.72	$0.80	$0.88	$0.88	$0.71	$0.45	$0.60	$0.60	$0.60	$0.71

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

Metric	Q1 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2023	9/30/2024	12/31/2023	3/31/2024	6/30/2024	9/30/2025	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.75	4.14	3.05	1.80	1.53	7.33	9.05	-3.74
Consolidated Net Income / (Loss)	0.75	4.14	3.05	1.80	1.53	7.33	9.05	-3.74
Net Income / (Loss) Continuing Operations	0.75	4.14	3.05	1.80	1.53	7.33	9.05	-3.74
Total Pre-Tax Income	1.35	6.00	4.10	2.66	2.80	9.38	12	-4.96
Total Operating Income	1.92	6.05	4.58	2.98	3.47	8.99	12	-5.06
Total Gross Profit	18	22	22	23	20	26	23	25
Total Revenue	95	104	100	107	101	110	108	114
Operating Revenue	95	104	100	107	101	110	108	114
Total Cost of Revenue	76	82	78	84	82	84	86	89
Operating Cost of Revenue	76	82	78	84	82	84	86	89
Total Operating Expenses	16	16	17	20	16	17	11	30
Selling, General & Admin Expense	16	16	17	18	19	17	16	17
Other Operating Expenses / (Income)	-	-	-	0.00	-	-	-4.99	-0.75
Impairment Charge	-	-	-	0.00	-	-	-	14
Other Special Charges / (Income)	-	-	0.00	0.00	-	-	-	0.00
Total Other Income / (Expense), net	-0.57	-0.05	-0.49	-0.32	-0.67	0.39	0.05	0.10
Interest Expense	0.57	0.05	0.49	0.34	0.67	0.00	-0.02	0.00
Interest & Investment Income	-	0.00	0.00	0.01	-	0.39	0.03	0.10
Income Tax Expense	0.60	1.86	1.04	0.86	1.27	2.05	2.61	-1.22
Basic Earnings per Share	$0.15	$0.80	$0.59	$0.35	$0.30	$1.38	$1.73	($0.71)
Weighted Average Basic Shares Outstanding	5.18M	5.20M	5.18M	5.15M	5.17M	5.31M	5.25M	5.27M
Diluted Earnings per Share	$0.14	$0.74	$0.57	$0.33	$0.27	$1.31	$1.62	($0.71)
Weighted Average Diluted Shares Outstanding	5.38M	5.58M	5.32M	5.45M	5.52M	5.60M	5.58M	5.27M
Weighted Average Basic & Diluted Shares Outstanding	5.27M	5.21M	-	-	5.20M	5.34M	5.27M	5.36M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Change in Cash & Equivalents	-21	35	-7.91	-1.12	-5.50	26	-47	0.84	1.18	1.40	35
Net Cash From Operating Activities	3.27	54	26	27	6.71	18	-33	7.99	23	32	37
Net Cash From Continuing Operating Activities	3.27	54	26	27	6.71	18	-33	7.99	23	32	37
Net Income / (Loss) Continuing Operations	22	24	24	18	-33	-27	23	1.85	15	11	20
Consolidated Net Income / (Loss)	22	24	24	18	-33	-27	23	1.85	15	11	20
Depreciation Expense	4.95	7.56	7.94	7.37	7.44	8.37	5.21	5.17	4.57	4.00	3.65
Non-Cash Adjustments To Reconcile Net Income	0.26	-0.77	-0.50	-1.39	28	5.73	-0.98	-1.02	2.50	1.65	8.26
Changes in Operating Assets and Liabilities, net	-24	23	-4.84	3.65	4.30	31	-60	1.99	1.14	16	4.91
Net Cash From Investing Activities	-33	-4.69	-30	-21	-5.17	17	16	-1.92	-4.45	-0.59	9.43
Net Cash From Continuing Investing Activities	-33	-4.69	-30	-21	-5.17	17	16	-1.92	-4.45	-0.59	9.43
Purchase of Property, Plant & Equipment	-37	-7.38	-13	-29	-21	-3.69	-2.58	-3.85	-4.79	-4.77	-3.26
Sale of Property, Plant & Equipment	0.16	0.08	1.85	6.15	0.25	20	19	1.94	0.34	4.18	12
Sale and/or Maturity of Investments	1.61	2.90	12	44	29	1.70	0.05	-	0.00	0.00	1.16
Net Cash From Financing Activities	8.40	-14	-4.62	-7.07	-7.05	-9.12	-30	-5.24	-17	-30	-11
Net Cash From Continuing Financing Activities	8.40	-14	-4.62	-7.07	-7.05	-9.12	-30	-5.24	-17	-30	-11
Repayment of Debt	-	-12	-	0.00	0.00	-15	-5.00	-231	-373	-391	-207
Payment of Dividends	-5.12	-5.46	-6.06	-6.75	-6.92	-7.02	-2.62	-3.91	-3.24	-3.22	-3.56
Issuance of Debt	12	-	-	0.00	0.00	15	8.50	265	364	368	202
Issuance of Common Equity	0.79	1.59	1.08	0.23	0.08	0.02	0.09	0.12	0.00	0.09	0.14
Other Financing Activities, net	0.82	1.59	0.36	-0.55	-0.21	-2.12	-31	-36	-4.65	-3.31	-2.83
Cash Interest Paid	-	-	-	0.00	0.00	0.08	0.01	0.74	1.07	1.69	0.11
Cash Interest Received	-	-	-	-	-	-	-	-	0.00	0.00	0.42
Cash Income Taxes Paid	14	10	9.78	8.46	1.19	-4.30	-5.56	-0.82	4.10	4.30	9.40

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

Metric	Q1 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	9/30/2023	9/30/2024	12/31/2023	3/31/2024	6/30/2024	9/30/2025	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-0.39	0.98	-1.03	1.26	0.19	-1.42	8.45	11	17
Net Cash From Operating Activities	-1.78	2.40	15	7.20	7.52	4.11	4.98	12	16
Net Cash From Continuing Operating Activities	-1.78	2.40	15	7.20	7.52	4.11	4.98	12	16
Net Income / (Loss) Continuing Operations	0.75	4.14	-0.34	1.80	4.92	7.33	5.87	-3.74	11
Consolidated Net Income / (Loss)	0.75	4.14	-0.34	1.80	4.92	7.33	5.87	-3.74	11
Depreciation Expense	0.94	0.93	0.97	1.04	1.06	0.84	1.02	0.92	0.88
Non-Cash Adjustments To Reconcile Net Income	0.88	1.11	0.63	0.89	-0.99	1.15	-4.04	11	0.43
Changes in Operating Assets and Liabilities, net	-4.35	-3.78	14	3.46	2.53	-5.20	2.13	4.37	3.62
Net Cash From Investing Activities	-1.36	0.73	-3.79	-1.30	3.77	-1.36	7.88	-0.52	3.43
Net Cash From Continuing Investing Activities	-1.36	0.73	-3.79	-1.30	3.77	-1.36	7.88	-0.52	3.43
Purchase of Property, Plant & Equipment	-1.36	-0.43	-2.63	-1.30	-0.41	-1.36	0.02	-1.36	-0.57
Sale of Property, Plant & Equipment	-	-	-	-	4.18	-	-	0.83	4.00
Net Cash From Financing Activities	2.74	-2.15	-12	-4.63	-11	-4.18	-4.41	-0.90	-1.68
Net Cash From Continuing Financing Activities	2.74	-2.15	-12	-4.63	-11	-4.18	-4.41	-0.90	-1.68
Payment of Dividends	-0.88	-0.87	-0.80	-0.78	-0.77	-1.15	-0.61	-0.90	-0.90
Other Financing Activities, net	-1.10	-0.03	-2.08	-0.23	-0.96	-3.06	1.01	-	-0.78
Cash Interest Received	-	0.00	-	-	-	0.39	-0.36	0.10	0.29
Cash Income Taxes Paid	0.24	2.10	-0.38	1.55	1.02	4.11	1.95	1.26	2.09

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2024	6/30/2024	6/30/2025
Total Assets	245	247	270	284	254	237	297	269	274	274	282
Total Current Assets	167	176	195	190	166	182	229	190	155	155	172
Cash & Equivalents	1.28	37	29	28	22	48	1.34	2.18	4.76	4.76	40
Accounts Receivable	45	45	42	41	38	32	56	41	44	44	35
Inventories, net	114	86	99	96	94	71	161	141	97	97	89
Other Current Assets	6.78	9.14	6.66	8.48	12	31	10	5.57	9.81	9.81	8.00
Plant, Property, & Equipment, net	65	64	71	91	79	43	40	39	37	37	36
Total Noncurrent Assets	13	6.33	4.13	3.93	9.08	12	28	40	82	82	74
Noncurrent Deferred & Refundable Income Taxes	6.09	3.66	1.74	1.46	7.56	2.11	-	-	8.61	8.61	12
Other Noncurrent Operating Assets	6.76	2.67	2.39	2.48	1.52	9.99	28	40	74	74	61
Total Liabilities & Shareholders' Equity	245	247	270	284	254	237	297	269	274	274	282
Total Liabilities	58	37	39	43	49	62	129	137	124	124	115
Total Current Liabilities	51	33	37	41	48	53	100	65	60	60	62
Accounts Payable	18	11	17	17	18	28	68	32	26	26	26
Accrued Expenses	13	15	14	18	19	16	17	18	15	15	17
Current Employee Benefit Liabilities	7.93	6.99	6.26	5.46	4.43	3.28	7.66	6.39	12	12	11
Other Current Liabilities	-	-	-	-	6.20	6.37	7.36	7.65	7.52	7.52	7.81
Total Noncurrent Liabilities	6.55	3.89	2.09	1.67	1.10	8.29	29	73	64	64	53
Long-Term Debt	-	-	-	-	-	-	3.50	38	4.82	4.82	0.00
Other Noncurrent Operating Liabilities	3.64	3.89	2.09	1.67	1.10	8.29	26	35	59	59	53
Total Equity & Noncontrolling Interests	187	210	231	242	205	176	168	132	150	150	168
Total Preferred & Common Equity	187	210	231	242	205	176	168	132	150	150	168
Total Common Equity	187	210	231	242	205	176	168	132	150	150	168
Common Stock	26	31	34	34	35	40	42	43	48	48	49
Retained Earnings	162	181	198	210	170	137	157	155	174	174	190
Treasury Stock	-	-	-	-	0.00	-1.56	-31	-66	-72	-72	-72

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

Metric	Q1 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2024	9/30/2025	12/31/2025	3/31/2026
Total Assets	269	281	290	290
Total Current Assets	152	175	189	200
Cash & Equivalents	5.74	39	37	57
Accounts Receivable	39	35	42	41
Inventories, net	96	87	95	81
Other Current Assets	10	15	15	21
Plant, Property, & Equipment, net	36	36	37	37
Total Noncurrent Assets	81	70	64	53
Noncurrent Deferred & Refundable Income Taxes	8.59	9.08	9.08	9.10
Other Noncurrent Operating Assets	72	61	55	44
Total Liabilities & Shareholders' Equity	269	281	290	290
Total Liabilities	114	109	111	105
Total Current Liabilities	53	59	63	58
Accounts Payable	25	29	29	24
Accrued Expenses	15	16	18	17
Current Employee Benefit Liabilities	6.17	5.89	7.53	9.33
Other Current Liabilities	7.43	7.97	8.11	8.26
Total Noncurrent Liabilities	61	51	49	47
Long-Term Debt	3.58	-	0.00	0.00
Other Noncurrent Operating Liabilities	57	51	49	47
Total Equity & Noncontrolling Interests	155	172	179	185
Total Preferred & Common Equity	155	172	179	185
Total Common Equity	155	172	179	185
Common Stock	49	48	50	51
Retained Earnings	177	197	202	208
Treasury Stock	-72	-73	-73	-73

This table displays calculated financial ratios and metrics derived from Flexsteel Industries' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
DEI Shares Outstanding	7,441,031.00	7,655,695.00	7,815,191.00	7,854,903.00	7,894,178.00	8,000,663.00	6,853,593.00	5,562,867.00	5,151,243.00	-	5,273,253.00
DEI Adjusted Shares Outstanding	7,441,031.00	7,655,695.00	7,815,191.00	7,854,903.00	7,894,178.00	8,000,663.00	6,853,593.00	5,562,867.00	5,151,243.00	-	5,273,253.00
DEI Earnings Per Adjusted Shares Outstanding	3.00	3.17	3.04	2.25	-4.13	-3.36	3.36	0.33	2.87	-	3.82
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.47%	7.11%	-6.27%	4.36%	-9.32%	-17.28%	30.52%	13.65%	-27.67%	4.84%	6.86%
EBITDA Growth	48.65%	15.89%	-0.22%	-28.62%	-208.23%	28.05%	244.98%	-67.54%	26.91%	39.42%	43.61%
EBIT Growth	54.46%	10.59%	-1.27%	-33.15%	-269.58%	20.97%	193.47%	-78.59%	56.46%	61.93%	55.83%
NOPAT Growth	53.79%	12.70%	-3.06%	-26.94%	-275.33%	20.30%	194.92%	-90.91%	713.56%	-31.57%	72.02%
Net Income Growth	48.76%	8.69%	-1.86%	-25.73%	-284.56%	17.67%	185.86%	-91.96%	697.52%	-28.76%	91.43%
EPS Growth	44.50%	7.96%	-3.21%	-26.16%	-285.20%	18.40%	191.69%	-90.94%	878.57%	-30.29%	85.86%
Operating Cash Flow Growth	-79.87%	1,563.11%	-51.46%	3.43%	-75.40%	172.37%	-278.77%	124.45%	187.61%	38.69%	15.98%
Free Cash Flow Firm Growth	-419.25%	256.37%	-74.35%	-74.77%	-586.99%	306.59%	-162.79%	125.48%	560.08%	-65.57%	267.21%
Invested Capital Growth	36.53%	-12.41%	6.40%	7.65%	-7.48%	-30.50%	33.63%	-1.77%	-9.99%	0.00%	-15.01%
Revenue Q/Q Growth	2.23%	0.29%	-1.12%	-0.88%	-2.82%	-8.80%	17.51%	-2.10%	-4.53%	0.00%	0.00%
EBITDA Q/Q Growth	0.65%	1.82%	0.78%	-14.98%	-467.04%	-23.76%	2,809.53%	-23.81%	3.81%	0.00%	0.00%
EBIT Q/Q Growth	-0.64%	0.98%	1.30%	-18.75%	-207.31%	-16.69%	549.86%	-35.06%	6.61%	0.00%	0.00%
NOPAT Q/Q Growth	-0.11%	2.87%	-0.99%	-18.50%	-211.24%	-17.25%	531.77%	-75.23%	244.96%	0.00%	0.00%
Net Income Q/Q Growth	0.67%	1.61%	-0.60%	-17.84%	-210.41%	-27.72%	370.07%	-76.74%	240.04%	0.00%	0.00%
EPS Q/Q Growth	-0.34%	1.96%	-0.98%	-18.01%	-210.53%	-25.28%	439.56%	-74.55%	226.19%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-69.50%	85.58%	-42.59%	60.66%	-73.71%	126.69%	-197.15%	137.70%	-45.73%	0.00%	28.07%
Free Cash Flow Firm Q/Q Growth	-21.27%	95.19%	-64.01%	466.09%	-96.30%	39.59%	-793.42%	121.33%	-5.57%	0.00%	0.00%
Invested Capital Q/Q Growth	3.74%	-8.48%	3.39%	-0.95%	-7.50%	-17.72%	16.08%	-6.53%	1.56%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.53%	22.74%	23.18%	20.08%	15.77%	14.46%	20.20%	13.35%	18.02%	21.14%	22.21%
EBITDA Margin	8.43%	9.12%	9.71%	6.64%	-7.93%	-6.90%	7.66%	2.19%	3.84%	5.11%	6.86%
Operating Margin	7.37%	7.61%	7.95%	5.01%	-9.73%	-9.37%	6.51%	1.22%	2.68%	4.14%	6.03%
EBIT Margin	7.37%	7.61%	8.02%	5.14%	-9.61%	-9.18%	6.57%	1.24%	2.68%	4.14%	6.03%
Profit (Net Income) Margin	4.78%	4.85%	5.07%	3.61%	-7.35%	-7.32%	4.81%	0.34%	3.75%	2.55%	4.57%
Tax Burden Percent	62.71%	63.90%	63.28%	70.31%	76.52%	79.52%	73.25%	31.39%	160.30%	67.70%	74.74%
Interest Burden Percent	103.30%	99.63%	100.00%	100.00%	100.00%	100.24%	99.97%	87.61%	87.45%	90.94%	101.32%
Effective Tax Rate	37.29%	36.10%	36.72%	29.69%	0.00%	0.00%	26.76%	68.61%	-60.30%	32.30%	25.26%
Return on Invested Capital (ROIC)	12.63%	13.14%	13.22%	9.02%	-15.85%	-15.51%	15.37%	1.23%	10.64%	7.69%	14.30%
ROIC Less NNEP Spread (ROIC-NNEP)	0.28%	13.83%	12.73%	8.06%	-8.58%	-7.65%	14.52%	0.04%	-1.27%	-1,690.47%	12.98%
Return on Net Nonoperating Assets (RNNOA)	-0.01%	-0.91%	-2.42%	-1.54%	1.27%	1.42%	-1.95%	0.01%	-0.16%	-0.69%	-1.63%
Return on Equity (ROE)	12.62%	12.23%	10.80%	7.48%	-14.58%	-14.09%	13.42%	1.24%	10.48%	7.00%	12.67%
Cash Return on Invested Capital (CROIC)	-18.26%	26.38%	7.02%	1.66%	-8.08%	20.48%	-13.43%	3.02%	21.15%	7.69%	30.52%
Operating Return on Assets (OROA)	15.14%	15.49%	14.54%	9.07%	-15.82%	-13.70%	11.79%	2.38%	3.88%	6.23%	9.56%
Return on Assets (ROA)	9.81%	9.86%	9.20%	6.37%	-12.11%	-10.92%	8.63%	0.66%	5.44%	3.84%	7.24%
Return on Common Equity (ROCE)	12.62%	12.23%	10.80%	7.48%	-14.58%	-14.09%	13.42%	1.24%	10.48%	7.00%	12.67%
Return on Equity Simple (ROE_SIMPLE)	11.94%	11.56%	10.31%	7.31%	-15.87%	-15.30%	13.72%	1.41%	0.00%	7.00%	0.00%
Net Operating Profit after Tax (NOPAT)	22	24	24	17	-30	-24	23	2.08	17	12	20
NOPAT Margin	4.62%	4.86%	5.03%	3.52%	-6.81%	-6.56%	4.77%	0.38%	4.29%	2.80%	4.51%
Net Nonoperating Expense Percent (NNEP)	12.34%	-0.69%	0.49%	0.96%	-7.27%	-7.86%	0.85%	1.19%	11.91%	1,698.15%	1.31%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	10.89%	-	11.85%
Cost of Revenue to Revenue	76.47%	77.27%	76.82%	79.92%	84.23%	85.54%	79.80%	86.65%	81.98%	78.86%	77.79%
SG&A Expenses to Revenue	16.21%	15.58%	15.48%	14.71%	18.33%	19.74%	14.19%	12.26%	16.05%	17.07%	15.12%
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	16.16%	15.12%	15.23%	15.07%	25.50%	23.83%	13.68%	12.14%	15.34%	17.00%	16.17%
Earnings before Interest and Taxes (EBIT)	34	38	38	25	-43	-34	31	6.74	11	17	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	39	46	46	32	-35	-25	37	12	15	21	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.41	1.19	1.52	1.10	0.57	0.52	1.67	0.84	0.66	1.14	1.22
Price to Tangible Book Value (P/TBV)	1.41	1.19	1.52	1.10	0.57	0.52	1.67	0.84	0.66	1.14	1.22
Price to Revenue (P/Rev)	0.57	0.50	0.75	0.54	0.26	0.25	0.58	0.20	0.25	0.41	0.46
Price to Earnings (P/E)	11.84	10.28	14.75	15.01	0.00	0.00	12.15	59.36	6.68	16.22	10.15
Dividend Yield	2.10%	2.24%	2.20%	2.63%	5.91%	6.13%	1.20%	3.55%	3.27%	1.94%	1.97%
Earnings Yield	8.45%	9.73%	6.78%	6.66%	0.00%	0.00%	8.23%	1.68%	14.96%	6.17%	9.85%
Enterprise Value to Invested Capital (EV/IC)	1.39	1.23	1.65	1.12	0.52	0.34	1.66	0.87	0.66	1.14	1.29
Enterprise Value to Revenue (EV/Rev)	0.59	0.42	0.65	0.45	0.21	0.12	0.59	0.27	0.25	0.41	0.37
Enterprise Value to EBITDA (EV/EBITDA)	6.97	4.65	6.68	6.82	0.00	0.00	7.69	12.22	6.54	8.10	5.44
Enterprise Value to EBIT (EV/EBIT)	7.98	5.58	8.09	8.81	0.00	0.00	8.96	21.60	9.37	9.99	6.18
Enterprise Value to NOPAT (EV/NOPAT)	12.72	8.73	12.89	12.85	0.00	0.00	12.35	70.08	5.85	14.77	8.27
Enterprise Value to Operating Cash Flow (EV/OCF)	83.99	3.91	11.52	8.11	14.17	2.40	0.00	18.21	4.30	5.36	4.45
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.35	24.27	70.07	0.00	1.38	0.00	28.61	2.94	14.77	3.88
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.06	0.00	0.00	0.00	0.00	0.00	0.02	0.29	0.03	0.03	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.29	0.03	0.03	0.00
Financial Leverage	-0.03	-0.07	-0.19	-0.19	-0.15	-0.18	-0.13	0.13	0.13	0.00	-0.13
Leverage Ratio	1.29	1.24	1.17	1.17	1.20	1.29	1.55	1.89	1.93	1.83	1.75
Compound Leverage Factor	1.33	1.24	1.17	1.17	1.20	1.29	1.55	1.65	1.68	1.66	1.77
Debt to Total Capital	5.99%	0.00%	0.00%	0.00%	0.00%	0.00%	2.04%	22.29%	3.11%	3.11%	0.00%
Short-Term Debt to Total Capital	5.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.04%	22.29%	3.11%	3.11%	0.00%
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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	94.01%	100.00%	100.00%	100.00%	100.00%	100.00%	97.96%	77.71%	96.89%	96.89%	100.00%
Debt to EBITDA	0.30	0.00	0.00	0.00	0.00	0.00	0.10	3.17	0.32	0.23	0.00
Net Debt to EBITDA	0.27	0.00	0.00	0.00	0.00	0.00	0.06	2.99	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.10	3.17	0.32	0.23	0.00
Debt to NOPAT	0.55	0.00	0.00	0.00	0.00	0.00	0.15	18.17	0.29	0.42	0.00
Net Debt to NOPAT	0.49	0.00	0.00	0.00	0.00	0.00	0.09	17.12	0.00	0.01	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.15	18.17	0.29	0.42	0.00
Altman Z-Score	6.61	8.27	9.28	7.41	4.13	3.43	4.53	3.96	3.34	3.84	4.36
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.25	5.29	5.25	4.63	3.47	3.40	2.29	2.94	2.57	2.57	2.78
Quick Ratio	0.90	2.44	2.40	2.08	1.26	1.50	0.57	0.67	0.81	0.81	1.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-31	49	13	3.16	-15	32	-20	5.09	34	12	42
Operating Cash Flow to CapEx	8.77%	744.14%	227.31%	117.17%	31.82%	0.00%	0.00%	417.17%	516.61%	5,376.56%	0.00%
Free Cash Flow to Firm to Interest Expense	-240.18	707.62	0.00	0.00	0.00	387.75	-1,996.56	6.09	25.05	7.46	606.62
Operating Cash Flow to Interest Expense	25.15	787.93	0.00	0.00	0.00	223.01	-3,269.20	9.57	17.14	20.57	528.27
Operating Cash Flow Less CapEx to Interest Expense	-261.53	682.04	0.00	0.00	0.00	427.63	-1,662.90	7.28	13.82	20.19	646.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.05	2.04	1.81	1.76	1.65	1.49	1.79	1.92	1.45	1.50	1.58
Accounts Receivable Turnover	11.17	11.15	10.78	11.70	11.17	10.43	10.86	11.21	9.23	9.33	11.10
Inventory Turnover	3.37	3.87	3.89	4.00	3.94	3.82	3.30	3.12	2.71	3.37	3.70
Fixed Asset Turnover	9.66	7.76	6.96	6.06	5.22	5.99	11.53	13.90	10.46	11.24	12.10
Accounts Payable Turnover	20.91	26.33	25.93	23.01	20.97	13.60	8.00	9.44	11.13	12.60	13.34
Days Sales Outstanding (DSO)	32.69	32.74	33.86	31.19	32.67	35.00	33.61	32.56	39.56	39.12	32.88
Days Inventory Outstanding (DIO)	108.25	94.34	93.91	91.31	92.73	95.49	110.63	117.00	134.46	108.29	98.77
Days Payable Outstanding (DPO)	17.45	13.86	14.08	15.86	17.41	26.84	45.61	38.67	32.78	28.96	27.36
Cash Conversion Cycle (CCC)	123.49	113.22	113.69	106.64	108.00	103.65	98.63	110.89	141.24	118.45	104.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	197	173	184	198	183	127	170	167	150	150	128
Invested Capital Turnover	2.73	2.70	2.63	2.56	2.33	2.36	3.22	3.23	2.48	2.74	3.17
Increase / (Decrease) in Invested Capital	53	-24	11	14	-15	-56	43	-3.01	-17	0.00	-23
Enterprise Value (EV)	275	212	304	221	95	44	282	146	99	171	165
Market Capitalization	264	249	351	265	117	92	280	110	99	171	205
Book Value per Share	$25.10	$27.38	$29.53	$30.77	$26.02	$21.94	$24.51	$23.65	$29.19	$29.08	$31.83
Tangible Book Value per Share	$25.10	$27.38	$29.53	$30.77	$26.02	$21.94	$24.51	$23.65	$29.19	$29.08	$31.83
Total Capital	199	210	231	242	205	176	171	169	155	155	168
Total Debt	12	0.00	0.00	0.00	0.00	0.00	3.50	38	4.82	4.82	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	3.50	38	4.82	4.82	0.00
Net Debt	11	-37	-47	-44	-22	-48	2.16	36	0.06	0.06	-40
Capital Expenditures (CapEx)	37	7.31	12	23	21	-17	-16	1.92	4.45	0.59	-8.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	126	106	111	105	96	80	127	123	90	90	70
Debt-free Net Working Capital (DFNWC)	128	143	158	149	118	128	129	125	95	95	110
Net Working Capital (NWC)	116	143	158	149	118	128	129	125	95	95	110
Net Nonoperating Expense (NNE)	-0.71	0.09	-0.20	-0.44	2.40	2.77	-0.20	0.22	2.12	1.04	-0.26
Net Nonoperating Obligations (NNO)	11	-37	-47	-44	-22	-48	2.16	36	0.06	0.06	-40
Total Depreciation and Amortization (D&A)	4.95	7.56	7.94	7.37	7.44	8.37	5.21	5.17	4.57	4.00	3.65
Debt-free, Cash-free Net Working Capital to Revenue	27.05%	21.26%	23.73%	21.47%	21.63%	21.85%	26.61%	22.65%	22.91%	21.86%	15.95%
Debt-free Net Working Capital to Revenue	27.33%	28.61%	33.72%	30.40%	26.65%	34.99%	26.89%	23.05%	24.12%	23.01%	25.02%
Net Working Capital to Revenue	24.78%	28.61%	33.72%	30.40%	26.65%	34.99%	26.89%	23.05%	24.12%	23.01%	25.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.00	$3.19	$3.06	$2.25	($4.13)	($3.37)	$3.20	$0.29	$0.00	$2.04	$3.84
Adjusted Weighted Average Basic Shares Outstanding	7.42M	7.60M	7.78M	7.85M	7.89M	7.96M	7.20M	6.33M	0.00	5.17M	5.25M
Adjusted Diluted Earnings per Share	$2.89	$3.12	$3.02	$2.23	($4.13)	($3.37)	$3.09	$0.28	$0.00	$1.91	$3.55
Adjusted Weighted Average Diluted Shares Outstanding	7.71M	7.77M	7.89M	7.92M	7.89M	7.96M	7.47M	6.50M	0.00	5.52M	5.68M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	7.49M	7.70M	7.82M	7.87M	7.92M	7.69M	6.82M	5.30M	0.00	5.20M	5.28M
Normalized Net Operating Profit after Tax (NOPAT)	21	24	23	18	-7.95	-14	21	4.16	5.43	11	30
Normalized NOPAT Margin	4.59%	4.86%	4.87%	3.78%	-1.79%	-3.70%	4.40%	0.76%	1.38%	2.76%	6.90%
Pre Tax Income Margin	7.62%	7.58%	8.02%	5.14%	-9.61%	-9.20%	6.57%	1.08%	2.34%	3.77%	6.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	264.78	551.71	0.00	0.00	0.00	-410.67	3,147.70	8.07	7.86	11.03	380.21
NOPAT to Interest Expense	166.05	352.57	0.00	0.00	0.00	-293.62	2,285.24	2.49	12.60	7.46	284.17
EBIT Less CapEx to Interest Expense	-21.89	445.83	0.00	0.00	0.00	-206.05	4,754.00	5.77	4.54	10.65	498.46
NOPAT Less CapEx to Interest Expense	-120.63	246.68	0.00	0.00	0.00	-88.99	3,891.54	0.19	9.28	7.08	402.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.94%	22.51%	25.49%	38.19%	-21.22%	-26.16%	11.38%	211.06%	21.93%	30.58%	17.64%
Augmented Payout Ratio	22.94%	22.51%	25.49%	38.19%	-21.22%	-26.16%	11.38%	211.06%	21.93%	30.58%	17.64%

This table displays calculated financial ratios and metrics derived from Flexsteel Industries' official financial filings.

Metric	Q1 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2023	9/30/2024	12/31/2023	3/31/2024	6/30/2024	9/30/2025	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	-31.29%	9.94%	7.48%	8.25%	-5.13%	6.18%	8.37%	6.30%
EBITDA Growth	-60.29%	144.09%	13.07%	20.67%	17.97%	40.81%	109.83%	-202.81%
EBIT Growth	-67.33%	215.28%	21.82%	40.13%	26.26%	48.62%	154.23%	-269.68%
NOPAT Growth	-76.28%	290.21%	9.69%	20.97%	-81.76%	68.17%	164.83%	-275.24%
Net Income Growth	-82.72%	450.53%	6.94%	22.24%	-84.18%	76.98%	196.76%	-307.54%
EPS Growth	-77.05%	428.57%	7.55%	17.86%	-84.92%	77.03%	184.21%	-315.15%
Operating Cash Flow Growth	95.98%	234.64%	26.79%	23.63%	200.66%	71.56%	0.00%	70.42%
Free Cash Flow Firm Growth	178.34%	-86.12%	137.65%	364.26%	-92.99%	195.81%	-192.27%	-192.60%
Invested Capital Growth	-28.35%	-2.93%	0.00%	0.00%	0.00%	-12.42%	0.00%	0.00%
Revenue Q/Q Growth	-24.02%	-2.71%	-3.75%	7.10%	-5.41%	8.89%	0.00%	5.06%
EBITDA Q/Q Growth	-39.95%	81.90%	-20.38%	-27.57%	12.45%	117.13%	0.00%	-135.49%
EBIT Q/Q Growth	-46.29%	120.21%	-24.19%	-34.95%	16.26%	159.22%	0.00%	-143.42%
NOPAT Q/Q Growth	469.58%	-59.93%	-18.20%	-40.82%	-5.99%	269.53%	0.00%	-139.16%
Net Income Q/Q Growth	377.49%	-57.31%	-26.30%	-40.90%	-14.92%	377.64%	0.00%	-141.33%
EPS Q/Q Growth	800.00%	-58.66%	-22.97%	-42.11%	-18.18%	385.19%	0.00%	-143.83%
Operating Cash Flow Q/Q Growth	-114.96%	132.09%	515.85%	-51.28%	4.54%	-45.31%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	2,224.17%	-67.62%	1,641.83%	-1.80%	-98.73%	1,266.59%	0.00%	1.46%
Invested Capital Q/Q Growth	-5.96%	1.41%	-100.00%	0.00%	0.00%	-11.19%	0.00%	-9.76%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	19.46%	21.51%	21.93%	21.75%	19.34%	23.49%	21.02%	22.23%
EBITDA Margin	3.02%	6.71%	5.55%	3.75%	4.46%	8.89%	10.74%	-3.63%
Operating Margin	2.03%	5.81%	4.58%	2.78%	3.42%	8.14%	10.74%	-4.44%
EBIT Margin	2.03%	5.81%	4.58%	2.78%	3.42%	8.14%	10.74%	-4.44%
Profit (Net Income) Margin	0.79%	3.98%	3.05%	1.68%	1.51%	6.63%	8.35%	-3.28%
Tax Burden Percent	55.79%	69.05%	74.51%	67.78%	54.81%	78.13%	77.61%	75.47%
Interest Burden Percent	70.28%	99.16%	89.33%	89.20%	80.73%	104.35%	100.10%	97.98%
Effective Tax Rate	44.21%	30.95%	25.49%	32.22%	45.19%	21.87%	22.39%	0.00%
Return on Invested Capital (ROIC)	3.01%	10.45%	0.00%	0.00%	5.14%	18.63%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	2.16%	10.16%	0.00%	0.00%	-595.02%	17.13%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.54%	0.85%	0.00%	0.00%	-0.24%	-2.13%	0.00%	0.00%
Return on Equity (ROE)	3.55%	11.30%	0.00%	0.00%	4.90%	16.49%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	31.47%	15.38%	0.00%	0.00%	7.69%	23.38%	0.00%	0.00%
Operating Return on Assets (OROA)	3.34%	8.47%	0.00%	0.00%	5.14%	12.40%	0.00%	0.00%
Return on Assets (ROA)	1.31%	5.80%	0.00%	0.00%	2.27%	10.11%	0.00%	0.00%
Return on Common Equity (ROCE)	3.55%	11.30%	0.00%	0.00%	4.90%	16.49%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-1.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1.07	4.18	3.42	2.02	1.90	7.02	9.04	-3.54
NOPAT Margin	1.13%	4.01%	3.41%	1.89%	1.87%	6.36%	8.34%	-3.11%
Net Nonoperating Expense Percent (NNEP)	0.85%	0.29%	0.00%	0.00%	600.16%	1.50%	0.16%	-1.77%
Return On Investment Capital (ROIC_SIMPLE)	-	2.64%	-	-	1.22%	4.08%	5.59%	-2.24%
Cost of Revenue to Revenue	80.54%	78.49%	78.07%	78.25%	80.67%	76.51%	78.98%	77.77%
SG&A Expenses to Revenue	17.43%	15.69%	17.35%	16.52%	18.78%	15.36%	14.88%	14.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.43%	15.69%	17.35%	18.97%	15.92%	15.36%	10.28%	26.67%
Earnings before Interest and Taxes (EBIT)	1.92	6.05	4.58	2.98	3.47	8.99	12	-5.06
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.86	6.98	5.55	4.02	4.52	9.82	12	-4.14
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.83	1.57	0.00	0.00	1.12	1.51	1.87	1.22
Price to Tangible Book Value (P/TBV)	0.83	1.57	0.00	0.00	1.12	1.51	1.87	1.22
Price to Revenue (P/Rev)	0.22	0.60	0.24	0.48	0.41	0.62	0.00	0.00
Price to Earnings (P/E)	0.00	13.37	5.38	10.70	16.01	18.92	0.00	0.00
Dividend Yield	2.95%	1.42%	3.23%	1.63%	1.96%	1.60%	1.18%	1.81%
Earnings Yield	0.00%	7.48%	18.59%	9.35%	6.24%	5.29%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.86	1.58	0.00	0.00	1.12	1.65	1.94	1.25
Enterprise Value to Revenue (EV/Rev)	0.27	0.60	0.00	0.00	0.41	0.53	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	18.17	12.51	0.00	0.00	8.00	9.23	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	50.84	16.41	0.00	0.00	9.87	11.03	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	12.52	0.00	0.00	14.59	15.23	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	2.68	8.86	0.00	0.00	5.29	6.57	12.25	5.88
Enterprise Value to Free Cash Flow (EV/FCFF)	2.28	10.10	0.00	0.00	14.59	6.60	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.02	0.00	0.00	0.03	0.00	0.00	0.00
Long-Term Debt to Equity	0.23	0.02	0.00	0.00	0.03	0.00	0.00	0.00
Financial Leverage	0.25	0.08	0.00	0.00	0.00	-0.12	-0.07	-0.14
Leverage Ratio	2.02	1.94	0.00	0.00	1.83	1.68	1.68	1.68
Compound Leverage Factor	1.42	1.92	0.00	0.00	1.47	1.76	1.68	1.65
Debt to Total Capital	18.64%	2.26%	0.00%	0.00%	3.11%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	18.64%	2.26%	0.00%	0.00%	3.11%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	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%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	81.36%	97.74%	0.00%	0.00%	96.89%	100.00%	100.00%	100.00%
Debt to EBITDA	4.03	0.19	0.00	0.00	0.23	0.00	0.00	0.00
Net Debt to EBITDA	3.50	-0.11	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	4.03	0.19	0.00	0.00	0.23	0.00	0.00	0.00
Debt to NOPAT	-10.22	0.19	0.00	0.00	0.42	0.00	0.00	0.00
Net Debt to NOPAT	-8.87	-0.11	0.00	0.00	0.01	0.00	0.00	0.00
Long-Term Debt to NOPAT	-10.22	0.19	0.00	0.00	0.42	0.00	0.00	0.00
Altman Z-Score	3.46	4.22	0.00	0.00	3.66	4.50	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	3.04	2.84	0.00	0.00	2.57	3.00	2.93	2.93
Quick Ratio	0.67	0.85	0.00	0.00	0.81	1.26	0.95	1.14
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	63	8.78	153	150	1.90	26	-141	-139
Operating Cash Flow to CapEx	-131.44%	561.59%	561.31%	552.19%	0.00%	303.17%	0.00%	2,349.04%
Free Cash Flow to Firm to Interest Expense	110.97	172.12	312.68	446.85	2.82	0.00	-7,425.60	0.00
Operating Cash Flow to Interest Expense	-3.12	47.02	30.20	21.41	11.16	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-5.50	38.65	24.82	17.54	16.75	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	1.65	1.46	0.00	0.00	1.50	1.52	0.00	0.00
Accounts Receivable Turnover	12.20	10.99	0.00	0.00	9.33	11.22	0.00	0.00
Inventory Turnover	2.75	3.02	0.00	0.00	3.37	3.59	0.00	0.00
Fixed Asset Turnover	12.83	10.73	0.00	0.00	11.24	11.55	0.00	0.00
Accounts Payable Turnover	13.14	14.30	0.00	0.00	12.60	12.27	0.00	0.00
Days Sales Outstanding (DSO)	29.91	33.22	0.00	0.00	39.12	32.53	0.00	0.00
Days Inventory Outstanding (DIO)	132.65	120.83	0.00	0.00	108.29	101.64	0.00	0.00
Days Payable Outstanding (DPO)	27.78	25.52	0.00	0.00	28.96	29.75	0.00	0.00
Cash Conversion Cycle (CCC)	134.77	128.53	0.00	0.00	118.45	104.42	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	157	153	0.00	0.00	150	134	150	135
Invested Capital Turnover	2.66	2.60	0.00	0.00	2.74	2.93	0.00	0.00
Increase / (Decrease) in Invested Capital	-62	-4.60	-149	-148	0.00	-19	150	135
Enterprise Value (EV)	135	241	0.00	0.00	169	221	292	170
Market Capitalization	109	243	99	200	169	259	303	192
Book Value per Share	$25.30	$29.73	$0.00	$0.00	$29.08	$32.64	$31.09	$30.01
Tangible Book Value per Share	$25.30	$29.73	$0.00	$0.00	$29.08	$32.64	$31.09	$30.01
Total Capital	161	158	0.00	0.00	155	172	162	158
Total Debt	30	3.58	0.00	0.00	4.82	0.00	0.00	0.00
Total Long-Term Debt	30	3.58	0.00	0.00	4.82	0.00	0.00	0.00
Net Debt	26	-2.16	0.00	0.00	0.06	-39	-12	-23
Capital Expenditures (CapEx)	1.36	0.43	2.63	1.30	-3.77	1.36	0.00	0.52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	112	93	0.00	0.00	90	78	86	81
Debt-free Net Working Capital (DFNWC)	116	98	0.00	0.00	95	117	98	103
Net Working Capital (NWC)	116	98	0.00	0.00	95	117	98	103
Net Nonoperating Expense (NNE)	0.32	0.04	0.36	0.22	0.37	-0.31	-0.01	0.20
Net Nonoperating Obligations (NNO)	26	-2.16	0.00	0.00	0.06	-39	-12	-23
Total Depreciation and Amortization (D&A)	0.94	0.93	0.97	1.04	1.06	0.84	0.00	0.92
Debt-free, Cash-free Net Working Capital to Revenue	22.37%	22.96%	0.00%	0.00%	21.86%	18.67%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	23.16%	24.38%	0.00%	0.00%	23.01%	27.88%	0.00%	0.00%
Net Working Capital to Revenue	23.16%	24.38%	0.00%	0.00%	23.01%	27.88%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.05	$0.80	$0.00	$0.00	$0.30	$1.38	$1.73	($0.71)
Adjusted Weighted Average Basic Shares Outstanding	5.31M	5.20M	0.00	0.00	5.17M	5.31M	5.25M	5.27M
Adjusted Diluted Earnings per Share	$0.05	$0.74	$0.00	$0.00	$0.27	$1.31	$1.62	($0.71)
Adjusted Weighted Average Diluted Shares Outstanding	5.47M	5.58M	0.00	0.00	5.52M	5.60M	5.58M	5.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.27M	5.21M	0.00	0.00	5.20M	5.34M	5.27M	5.27M
Normalized Net Operating Profit after Tax (NOPAT)	1.07	4.18	3.42	3.80	1.90	7.02	9.04	6.31
Normalized NOPAT Margin	1.13%	4.01%	3.41%	3.55%	1.87%	6.36%	8.34%	5.54%
Pre Tax Income Margin	1.42%	5.77%	4.09%	2.48%	2.76%	8.49%	10.75%	-4.35%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.36	118.57	9.37	8.88	5.14	0.00	613.37	0.00
NOPAT to Interest Expense	1.88	81.87	6.98	6.02	2.82	0.00	476.04	0.00
EBIT Less CapEx to Interest Expense	0.99	110.20	3.99	5.00	10.73	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-0.50	73.49	1.60	2.14	8.41	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-213.96%	17.81%	17.61%	13.09%	30.58%	25.46%	0.00%	0.00%
Augmented Payout Ratio	-213.96%	17.81%	17.61%	13.09%	30.58%	25.46%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Flexsteel Industries (NASDAQ: FLXS) showed a notable rebound in its most recent quarter, with strong profitability and cash generation after a weak prior quarter. Over the last four years of data provided, the company has also demonstrated a meaningful improvement in balance sheet flexibility, including much lower debt and a healthier cash position.

Recent quarterly trend: In Q4 2025, revenue rose to $113.97 million from $108.48 million in Q2 2025 and $101.42 million in Q4 2024, while net income improved sharply to $10.70 million from a $3.74 million loss in the prior quarter. Operating cash flow was also strong at $15.63 million, and the company ended the period with a $17.37 million increase in cash and equivalents.

Longer-term context: Flexsteel’s results remain somewhat volatile quarter to quarter, but the broader trend is improving. Compared with the weak period in early 2024, the company has recovered revenue, restored profitability, and strengthened liquidity. At the same time, the balance sheet appears much less levered than it was in 2024, when the company carried substantial debt and used significant financing cash flows to manage it.

Revenue increased year over year in the latest quarter, reaching $113.97 million versus $101.42 million in the prior-year comparable period.
Net income rebounded strongly in Q4 2025 to $10.70 million, compared with a $3.74 million loss in the previous quarter.
Operating cash flow was robust at $15.63 million in Q4 2025, showing good earnings quality and cash conversion.
The company finished Q4 2025 with a $17.37 million increase in cash and equivalents.
Flexsteel had no long-term debt on the Q3 2025 balance sheet, a clear improvement in financial flexibility.
Total common equity rose to $185.30 million in Q3 2025 from $154.70 million in Q1 2024, indicating a stronger equity base.
Gross margin has generally stayed in a workable range, with Q4 2025 gross profit of $25.34 million on revenue of $113.97 million.
Cash balances improved materially in 2025, supported by both operating performance and asset sales.
Results remain uneven, as Q3 2025 showed a $3.74 million net loss after stronger prior periods.
The company still recorded significant non-operating and special items in some periods, including a large impairment charge in Q3 2025 and earlier restructuring costs, which can pressure earnings consistency.

Bottom line: Flexsteel looks healthier than it did a year ago. The latest quarter showed better sales, a return to solid profitability, and strong cash generation, while the balance sheet appears much cleaner than during the debt-heavy period in 2024. The main caution for investors is that quarterly performance can still swing meaningfully, so consistency will be important from here.

07/11/26 12:52 PM ETAI Generated. May Contain Errors.

Flexsteel Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Flexsteel Industries' fiscal year ends in June. Their fiscal year 2025 ended on June 30, 2025.

Flexsteel Industries' net income appears to be on a downward trend, with a most recent value of $20.15 million in 2025, falling from $22.30 million in 2015. The previous period was $10.53 million in 2024. See where experts think Flexsteel Industries is headed by visiting Flexsteel Industries' forecast page.

Flexsteel Industries' total operating income in 2025 was $26.62 million, based on the following breakdown:

Total Gross Profit: $97.94 million
Total Operating Expenses: $71.33 million

Over the last 10 years, Flexsteel Industries' total revenue changed from $466.90 million in 2015 to $441.07 million in 2025, a change of -5.5%.

Flexsteel Industries' total liabilities were at $114.62 million at the end of 2025, a 7.6% decrease from 2024, and a 98.1% increase since 2015.

In the past 10 years, Flexsteel Industries' cash and equivalents has ranged from $1.28 million in 2015 to $48.20 million in 2020, and is currently $40.01 million as of their latest financial filing in 2025.

Over the last 10 years, Flexsteel Industries' book value per share changed from 25.10 in 2015 to 31.83 in 2025, a change of 26.8%.

Related Companies

Financial statements for NASDAQ:FLXS last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Flexsteel Industries (FLXS) Financials

Financials Breakdown Chart

Key Financial Trends

Flexsteel Industries Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Flexsteel Industries (FLXS) Financials

Annual Income Statements for Flexsteel Industries

Quarterly Income Statements for Flexsteel Industries

Annual Cash Flow Statements for Flexsteel Industries

Quarterly Cash Flow Statements for Flexsteel Industries

Annual Balance Sheets for Flexsteel Industries

Quarterly Balance Sheets for Flexsteel Industries

Annual Metrics And Ratios for Flexsteel Industries

Quarterly Metrics And Ratios for Flexsteel Industries

Financials Breakdown Chart

Key Financial Trends

Flexsteel Industries Financials - Frequently Asked Questions

When does Flexsteel Industries' financial year end?

How has Flexsteel Industries' net income changed over the last 10 years?

What is Flexsteel Industries' operating income?

How has Flexsteel Industries' revenue changed over the last 10 years?

How much debt does Flexsteel Industries have?

How much cash does Flexsteel Industries have?

How has Flexsteel Industries' book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools