What is Flexsteel Industries' operating income?

Flexsteel Industries' total operating income in 2026 was $42.55 million, based on the following breakdown: Total Gross Profit: $113.44 million Total Operating Expenses: $70.89 million

Flexsteel Industries (FLXS) Financials

$81.39 +1.36 (+1.70%)

As of 08/21/2026 04:00 PM Eastern

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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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	24	24	18	-33	-27	23	1.85	15	11	20	33
Consolidated Net Income / (Loss)	24	24	18	-33	-27	23	1.85	15	11	20	33
Net Income / (Loss) Continuing Operations	24	24	18	-33	-27	23	1.85	15	11	20	33
Total Pre-Tax Income	38	38	25	-43	-34	31	5.90	9.22	16	27	44
Total Operating Income	38	37	25	-43	-34	31	6.62	11	17	27	43
Total Gross Profit	114	109	98	70	53	97	73	71	87	98	113
Total Revenue	500	469	489	444	367	479	544	394	413	441	459
Operating Revenue	500	469	489	444	367	479	544	394	413	441	459
Total Cost of Revenue	386	360	391	374	314	382	472	323	326	343	346
Operating Cost of Revenue	386	360	391	374	314	382	472	323	326	343	346
Total Operating Expenses	76	71	74	113	87	66	66	60	70	71	71
Selling, General & Admin Expense	78	73	72	81	72	68	67	63	70	67	71
Other Operating Expenses / (Income)	-2.28	-	-	-	-	-	0.00	0.00	0.00	-0.75	0.00
Impairment Charge	-	0.00	0.00	21	-	-	-	0.00	0.00	14	0.00
Restructuring Charge	-	-	0.00	10	34	3.42	0.73	0.00	2.98	0.00	0.00
Other Special Charges / (Income)	-	-1.18	1.77	0.48	-19	-5.87	-1.40	-2.79	-3.26	-8.69	0.00
Total Other Income / (Expense), net	-0.14	0.32	0.62	0.55	0.64	0.27	-0.71	-1.32	-1.53	0.35	1.27
Interest Expense	0.07	0.00	-	-	0.08	0.01	0.84	1.34	1.55	0.07	0.02
Interest & Investment Income	-0.07	-	-	-	-	-	-	0.02	0.02	0.42	1.29
Income Tax Expense	14	14	7.46	-10	-6.91	8.42	4.05	-5.56	5.02	6.81	11
Basic Earnings per Share	$3.19	$3.06	$2.25	($4.13)	($3.37)	$3.20	$0.29	$2.83	$2.04	$3.84	$6.46
Weighted Average Basic Shares Outstanding	7.60M	7.78M	7.85M	7.89M	7.96M	7.20M	6.33M	5.23M	5.17M	5.25M	5.13M
Diluted Earnings per Share	$3.12	$3.02	$2.23	($4.13)	($3.37)	$3.09	$0.28	$2.74	$1.91	$3.55	$6.07
Weighted Average Diluted Shares Outstanding	7.77M	7.89M	7.92M	7.89M	7.96M	7.47M	6.50M	5.39M	5.52M	5.68M	5.46M
Weighted Average Basic & Diluted Shares Outstanding	7.60M	7.80M	7.90M	7.92M	7.69M	6.82M	5.30M	-	5.20M	5.28M	4.09M

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	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 Income / (Loss) Attributable to Common Shareholders	0.75	4.14	3.05	1.80	1.53	7.33	9.05	-3.74	9.93
Consolidated Net Income / (Loss)	0.75	4.14	3.05	1.80	1.53	7.33	9.05	-3.74	9.93
Net Income / (Loss) Continuing Operations	0.75	4.14	3.05	1.80	1.53	7.33	9.05	-3.74	9.93
Total Pre-Tax Income	1.35	6.00	4.10	2.66	2.80	9.38	12	-4.96	13
Total Operating Income	1.92	6.05	4.58	2.98	3.47	8.99	12	-5.06	14
Total Gross Profit	18	22	22	23	20	26	23	25	20
Total Revenue	95	104	100	107	101	110	108	114	98
Operating Revenue	95	104	100	107	101	110	108	114	98
Total Cost of Revenue	76	82	78	84	82	84	86	89	79
Operating Cost of Revenue	76	82	78	84	82	84	86	89	79
Total Operating Expenses	16	16	17	20	16	17	11	30	6.15
Selling, General & Admin Expense	16	16	17	18	19	17	16	17	15
Total Other Income / (Expense), net	-0.57	-0.05	-0.49	-0.32	-0.67	0.39	0.05	0.10	-0.50
Interest Expense	0.57	0.05	0.49	0.34	0.67	0.00	-0.02	0.00	0.07
Interest & Investment Income	-	0.00	0.00	0.01	-	0.39	0.03	0.10	-0.43
Income Tax Expense	0.60	1.86	1.04	0.86	1.27	2.05	2.61	-1.22	3.27
Basic Earnings per Share	$0.15	$0.80	$0.59	$0.35	$0.30	$1.38	$1.73	($0.71)	$1.93
Weighted Average Basic Shares Outstanding	5.18M	5.20M	5.18M	5.15M	5.17M	5.31M	5.25M	5.27M	5.25M
Diluted Earnings per Share	$0.14	$0.74	$0.57	$0.33	$0.27	$1.31	$1.62	($0.71)	$1.77
Weighted Average Diluted Shares Outstanding	5.38M	5.58M	5.32M	5.45M	5.52M	5.60M	5.58M	5.27M	5.68M
Weighted Average Basic & Diluted Shares Outstanding	5.27M	5.21M	-	-	5.20M	5.34M	5.27M	5.36M	5.28M

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	35	-7.91	-1.12	-5.50	26	-47	0.84	1.18	1.40	35	-23
Net Cash From Operating Activities	54	26	27	6.71	18	-33	7.99	23	32	37	52
Net Cash From Continuing Operating Activities	54	26	27	6.71	18	-33	7.99	23	32	37	52
Net Income / (Loss) Continuing Operations	24	24	18	-33	-27	23	1.85	15	11	20	33
Consolidated Net Income / (Loss)	24	24	18	-33	-27	23	1.85	15	11	20	33
Depreciation Expense	7.56	7.94	7.37	7.44	8.37	5.21	5.17	4.57	4.00	3.65	3.83
Non-Cash Adjustments To Reconcile Net Income	-0.77	-0.50	-1.39	28	5.73	-0.98	-1.02	2.50	1.65	8.26	4.81
Changes in Operating Assets and Liabilities, net	23	-4.84	3.65	4.30	31	-60	1.99	1.14	16	4.91	9.75
Net Cash From Investing Activities	-4.69	-30	-21	-5.17	17	16	-1.92	-4.45	-0.59	9.43	-3.92
Net Cash From Continuing Investing Activities	-4.69	-30	-21	-5.17	17	16	-1.92	-4.45	-0.59	9.43	-3.92
Purchase of Property, Plant & Equipment	-7.38	-13	-29	-21	-3.69	-2.58	-3.85	-4.79	-4.77	-3.26	-3.94
Sale of Property, Plant & Equipment	0.08	1.85	6.15	0.25	20	19	1.94	0.34	4.18	12	0.02
Sale and/or Maturity of Investments	2.90	12	44	29	1.70	0.05	-	0.00	0.00	1.16	0.00
Net Cash From Financing Activities	-14	-4.62	-7.07	-7.05	-9.12	-30	-5.24	-17	-30	-11	-71
Net Cash From Continuing Financing Activities	-14	-4.62	-7.07	-7.05	-9.12	-30	-5.24	-17	-30	-11	-71
Repayment of Debt	-12	-	0.00	0.00	-15	-5.00	-231	-373	-391	-207	-9.00
Payment of Dividends	-5.46	-6.06	-6.75	-6.92	-7.02	-2.62	-3.91	-3.24	-3.22	-3.56	-4.38
Issuance of Debt	-	-	0.00	0.00	15	8.50	265	364	368	202	9.00
Issuance of Common Equity	1.59	1.08	0.23	0.08	0.02	0.09	0.12	0.00	0.09	0.14	0.07
Other Financing Activities, net	1.59	0.36	-0.55	-0.21	-2.12	-31	-36	-4.65	-3.31	-2.83	-67
Cash Interest Paid	-	-	0.00	0.00	0.08	0.01	0.74	1.07	1.69	0.11	0.02
Cash Interest Received	-	-	-	-	-	-	-	0.00	0.00	0.42	1.29
Cash Income Taxes Paid	10	9.78	8.46	1.19	-4.30	-5.56	-0.82	4.10	4.30	9.40	8.11

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/30/2026
Total Assets	247	270	284	254	237	297	269	274	274	282	254
Total Current Assets	176	195	190	166	182	229	190	155	155	172	158
Cash & Equivalents	37	29	28	22	48	1.34	2.18	4.76	4.76	40	17
Accounts Receivable	45	42	41	38	32	56	41	44	44	35	43
Inventories, net	86	99	96	94	71	161	141	97	97	89	91
Other Current Assets	9.14	6.66	8.48	12	31	10	5.57	9.81	9.81	8.00	8.44
Plant, Property, & Equipment, net	64	71	91	79	43	40	39	37	37	36	36
Total Noncurrent Assets	6.33	4.13	3.93	9.08	12	28	40	82	82	74	60
Noncurrent Deferred & Refundable Income Taxes	3.66	1.74	1.46	7.56	2.11	-	-	8.61	8.61	12	7.93
Other Noncurrent Operating Assets	2.67	2.39	2.48	1.52	9.99	28	40	74	74	61	52
Total Liabilities & Shareholders' Equity	247	270	284	254	237	297	269	274	274	282	254
Total Liabilities	37	39	43	49	62	129	137	124	124	115	121
Total Current Liabilities	33	37	41	48	53	100	65	60	60	62	76
Accounts Payable	11	17	17	18	28	68	32	26	26	26	36
Accrued Expenses	15	14	18	19	16	17	18	15	15	17	18
Current Employee Benefit Liabilities	6.99	6.26	5.46	4.43	3.28	7.66	6.39	12	12	11	13
Other Current Liabilities	-	-	-	6.20	6.37	7.36	7.65	7.52	7.52	7.81	8.40
Total Noncurrent Liabilities	3.89	2.09	1.67	1.10	8.29	29	73	64	64	53	45
Long-Term Debt	-	-	-	-	-	3.50	38	4.82	4.82	0.00	0.00
Other Noncurrent Operating Liabilities	3.89	2.09	1.67	1.10	8.29	26	35	59	59	53	45
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	210	231	242	205	176	168	132	150	150	168	133
Total Preferred & Common Equity	210	231	242	205	176	168	132	150	150	168	133
Total Common Equity	210	231	242	205	176	168	132	150	150	168	133
Common Stock	31	34	34	35	40	42	43	48	48	49	50
Retained Earnings	181	198	210	170	137	157	155	174	174	190	219
Treasury Stock	-	-	-	0.00	-1.56	-31	-66	-72	-72	-72	-135
Accumulated Other Comprehensive Income / (Loss)	-2.23	-1.71	-2.04	0.01	-	-	-	-	0.00	0.00	0.00

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/30/2026
DEI Shares Outstanding	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	5,355,531.00
DEI Adjusted Shares Outstanding	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	5,355,531.00
DEI Earnings Per Adjusted Shares Outstanding	3.17	3.04	2.25	-4.13	-3.36	3.36	0.33	2.87	-	3.82	6.19
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.11%	-6.27%	4.36%	-9.32%	-17.28%	30.52%	13.65%	-27.67%	4.84%	6.86%	4.10%
EBITDA Growth	15.89%	-0.22%	-28.62%	-208.23%	28.05%	244.98%	-67.54%	26.91%	39.42%	43.61%	53.22%
EBIT Growth	10.59%	-1.27%	-33.15%	-269.58%	20.97%	193.47%	-78.59%	56.46%	61.93%	55.83%	59.87%
NOPAT Growth	12.70%	-3.06%	-26.94%	-275.33%	20.30%	194.92%	-90.91%	713.56%	-31.57%	72.02%	61.73%
Net Income Growth	8.69%	-1.86%	-25.73%	-284.56%	17.67%	185.86%	-91.96%	697.52%	-28.76%	91.43%	64.37%
EPS Growth	7.96%	-3.21%	-26.16%	-285.20%	18.40%	191.69%	-90.94%	878.57%	-30.29%	85.86%	70.99%
Operating Cash Flow Growth	1,563.11%	-51.46%	3.43%	-75.40%	172.37%	-278.77%	124.45%	187.61%	38.69%	15.98%	39.31%
Free Cash Flow Firm Growth	256.37%	-74.35%	-74.77%	-586.99%	306.59%	-162.79%	125.48%	560.08%	-65.57%	267.21%	1.76%
Invested Capital Growth	-12.41%	6.40%	7.65%	-7.48%	-30.50%	33.63%	-1.77%	-9.99%	0.00%	-15.01%	-8.63%
Revenue Q/Q Growth	0.29%	-1.12%	-0.88%	-2.82%	-8.80%	17.51%	-2.10%	-4.53%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	1.82%	0.78%	-14.98%	-467.04%	-23.76%	2,809.53%	-23.81%	3.81%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.98%	1.30%	-18.75%	-207.31%	-16.69%	549.86%	-35.06%	6.61%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	2.87%	-0.99%	-18.50%	-211.24%	-17.25%	531.77%	-75.23%	244.96%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	1.61%	-0.60%	-17.84%	-210.41%	-27.72%	370.07%	-76.74%	240.04%	0.00%	0.00%	0.00%
EPS Q/Q Growth	1.96%	-0.98%	-18.01%	-210.53%	-25.28%	439.56%	-74.55%	226.19%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	85.58%	-42.59%	60.66%	-73.71%	126.69%	-197.15%	137.70%	-45.73%	0.00%	28.07%	0.00%
Free Cash Flow Firm Q/Q Growth	95.19%	-64.01%	466.09%	-96.30%	39.59%	-793.42%	121.33%	-5.57%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-8.48%	3.39%	-0.95%	-7.50%	-17.72%	16.08%	-6.53%	1.56%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.74%	23.18%	20.08%	15.77%	14.46%	20.20%	13.35%	18.02%	21.14%	22.21%	24.70%
EBITDA Margin	9.12%	9.71%	6.64%	-7.93%	-6.90%	7.66%	2.19%	3.84%	5.11%	6.86%	10.10%
Operating Margin	7.61%	7.95%	5.01%	-9.73%	-9.37%	6.51%	1.22%	2.68%	4.14%	6.03%	9.27%
EBIT Margin	7.61%	8.02%	5.14%	-9.61%	-9.18%	6.57%	1.24%	2.68%	4.14%	6.03%	9.27%
Profit (Net Income) Margin	4.85%	5.07%	3.61%	-7.35%	-7.32%	4.81%	0.34%	3.75%	2.55%	4.57%	7.21%
Tax Burden Percent	63.90%	63.28%	70.31%	76.52%	79.52%	73.25%	31.39%	160.30%	67.70%	74.74%	75.61%
Interest Burden Percent	99.63%	100.00%	100.00%	100.00%	100.24%	99.97%	87.61%	87.45%	90.94%	101.32%	102.98%
Effective Tax Rate	36.10%	36.72%	29.69%	0.00%	0.00%	26.76%	68.61%	-60.30%	32.30%	25.26%	24.39%
Return on Invested Capital (ROIC)	13.14%	13.22%	9.02%	-15.85%	-15.51%	15.37%	1.23%	10.64%	7.69%	14.30%	26.30%
ROIC Less NNEP Spread (ROIC-NNEP)	13.83%	12.73%	8.06%	-8.58%	-7.65%	14.52%	0.04%	-1.27%	-1,690.47%	12.98%	22.92%
Return on Net Nonoperating Assets (RNNOA)	-0.91%	-2.42%	-1.54%	1.27%	1.42%	-1.95%	0.01%	-0.16%	-0.69%	-1.63%	-4.31%
Return on Equity (ROE)	12.23%	10.80%	7.48%	-14.58%	-14.09%	13.42%	1.24%	10.48%	7.00%	12.67%	21.99%
Cash Return on Invested Capital (CROIC)	26.38%	7.02%	1.66%	-8.08%	20.48%	-13.43%	3.02%	21.15%	7.69%	30.52%	35.32%
Operating Return on Assets (OROA)	15.49%	14.54%	9.07%	-15.82%	-13.70%	11.79%	2.38%	3.88%	6.23%	9.56%	15.86%
Return on Assets (ROA)	9.86%	9.20%	6.37%	-12.11%	-10.92%	8.63%	0.66%	5.44%	3.84%	7.24%	12.35%
Return on Common Equity (ROCE)	12.23%	10.80%	7.48%	-14.58%	-14.09%	13.42%	1.24%	10.48%	7.00%	12.67%	21.99%
Return on Equity Simple (ROE_SIMPLE)	11.56%	10.31%	7.31%	-15.87%	-15.30%	13.72%	1.41%	0.00%	7.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	24	24	17	-30	-24	23	2.08	17	12	20	32
NOPAT Margin	4.86%	5.03%	3.52%	-6.81%	-6.56%	4.77%	0.38%	4.29%	2.80%	4.51%	7.01%
Net Nonoperating Expense Percent (NNEP)	-0.69%	0.49%	0.96%	-7.27%	-7.86%	0.85%	1.19%	11.91%	1,698.15%	1.31%	3.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	10.89%	-	11.85%	24.10%
Cost of Revenue to Revenue	77.27%	76.82%	79.92%	84.23%	85.54%	79.80%	86.65%	81.98%	78.86%	77.79%	75.30%
SG&A Expenses to Revenue	15.58%	15.48%	14.71%	18.33%	19.74%	14.19%	12.26%	16.05%	17.07%	15.12%	15.44%
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	15.12%	15.23%	15.07%	25.50%	23.83%	13.68%	12.14%	15.34%	17.00%	16.17%	15.44%
Earnings before Interest and Taxes (EBIT)	38	38	25	-43	-34	31	6.74	11	17	27	43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	46	46	32	-35	-25	37	12	15	21	30	46
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.19	1.52	1.10	0.57	0.52	1.67	0.84	0.66	1.14	1.22	3.04
Price to Tangible Book Value (P/TBV)	1.19	1.52	1.10	0.57	0.52	1.67	0.84	0.66	1.14	1.22	3.04
Price to Revenue (P/Rev)	0.50	0.75	0.54	0.26	0.25	0.58	0.20	0.25	0.41	0.46	0.89
Price to Earnings (P/E)	10.28	14.75	15.01	0.00	0.00	12.15	59.36	6.68	16.22	10.15	12.27
Dividend Yield	2.24%	2.20%	2.63%	5.91%	6.13%	1.20%	3.55%	3.27%	1.94%	1.97%	1.14%
Earnings Yield	9.73%	6.78%	6.66%	0.00%	0.00%	8.23%	1.68%	14.96%	6.17%	9.85%	8.15%
Enterprise Value to Invested Capital (EV/IC)	1.23	1.65	1.12	0.52	0.34	1.66	0.87	0.66	1.14	1.29	3.34
Enterprise Value to Revenue (EV/Rev)	0.42	0.65	0.45	0.21	0.12	0.59	0.27	0.25	0.41	0.37	0.85
Enterprise Value to EBITDA (EV/EBITDA)	4.65	6.68	6.82	0.00	0.00	7.69	12.22	6.54	8.10	5.44	8.40
Enterprise Value to EBIT (EV/EBIT)	5.58	8.09	8.81	0.00	0.00	8.96	21.60	9.37	9.99	6.18	9.16
Enterprise Value to NOPAT (EV/NOPAT)	8.73	12.89	12.85	0.00	0.00	12.35	70.08	5.85	14.77	8.27	12.11
Enterprise Value to Operating Cash Flow (EV/OCF)	3.91	11.52	8.11	14.17	2.40	0.00	18.21	4.30	5.36	4.45	7.56
Enterprise Value to Free Cash Flow (EV/FCFF)	4.35	24.27	70.07	0.00	1.38	0.00	28.61	2.94	14.77	3.88	9.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.02	0.29	0.03	0.03	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.02	0.29	0.03	0.03	0.00	0.00
Financial Leverage	-0.07	-0.19	-0.19	-0.15	-0.18	-0.13	0.13	0.13	0.00	-0.13	-0.19
Leverage Ratio	1.24	1.17	1.17	1.20	1.29	1.55	1.89	1.93	1.83	1.75	1.78
Compound Leverage Factor	1.24	1.17	1.17	1.20	1.29	1.55	1.65	1.68	1.66	1.77	1.83
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	2.04%	22.29%	3.11%	3.11%	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%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	2.04%	22.29%	3.11%	3.11%	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%	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	100.00%	100.00%	100.00%	100.00%	100.00%	97.96%	77.71%	96.89%	96.89%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.10	3.17	0.32	0.23	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.06	2.99	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.10	3.17	0.32	0.23	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.15	18.17	0.29	0.42	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.09	17.12	0.00	0.01	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.15	18.17	0.29	0.42	0.00	0.00
Altman Z-Score	8.27	9.28	7.41	4.13	3.43	4.53	3.96	3.34	3.84	4.36	5.98
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	5.29	5.25	4.63	3.47	3.40	2.29	2.94	2.57	2.57	2.78	2.09
Quick Ratio	2.44	2.40	2.08	1.26	1.50	0.57	0.67	0.81	0.81	1.21	0.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	49	13	3.16	-15	32	-20	5.09	34	12	42	43
Operating Cash Flow to CapEx	744.14%	227.31%	117.17%	31.82%	0.00%	0.00%	417.17%	516.61%	5,376.56%	0.00%	1,314.21%
Free Cash Flow to Firm to Interest Expense	707.62	0.00	0.00	0.00	387.75	-1,996.56	6.09	25.05	7.46	606.62	1,964.08
Operating Cash Flow to Interest Expense	787.93	0.00	0.00	0.00	223.01	-3,269.20	9.57	17.14	20.57	528.27	2,341.68
Operating Cash Flow Less CapEx to Interest Expense	682.04	0.00	0.00	0.00	427.63	-1,662.90	7.28	13.82	20.19	646.51	2,163.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.04	1.81	1.76	1.65	1.49	1.79	1.92	1.45	1.50	1.58	1.71
Accounts Receivable Turnover	11.15	10.78	11.70	11.17	10.43	10.86	11.21	9.23	9.33	11.10	11.79
Inventory Turnover	3.87	3.89	4.00	3.94	3.82	3.30	3.12	2.71	3.37	3.70	3.85
Fixed Asset Turnover	7.76	6.96	6.06	5.22	5.99	11.53	13.90	10.46	11.24	12.10	12.72
Accounts Payable Turnover	26.33	25.93	23.01	20.97	13.60	8.00	9.44	11.13	12.60	13.34	11.18
Days Sales Outstanding (DSO)	32.74	33.86	31.19	32.67	35.00	33.61	32.56	39.56	39.12	32.88	30.96
Days Inventory Outstanding (DIO)	94.34	93.91	91.31	92.73	95.49	110.63	117.00	134.46	108.29	98.77	94.87
Days Payable Outstanding (DPO)	13.86	14.08	15.86	17.41	26.84	45.61	38.67	32.78	28.96	27.36	32.65
Cash Conversion Cycle (CCC)	113.22	113.69	106.64	108.00	103.65	98.63	110.89	141.24	118.45	104.29	93.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	173	184	198	183	127	170	167	150	150	128	117
Invested Capital Turnover	2.70	2.63	2.56	2.33	2.36	3.22	3.23	2.48	2.74	3.17	3.75
Increase / (Decrease) in Invested Capital	-24	11	14	-15	-56	43	-3.01	-17	0.00	-23	-11
Enterprise Value (EV)	212	304	221	95	44	282	146	99	171	165	390
Market Capitalization	249	351	265	117	92	280	110	99	171	205	406
Book Value per Share	$27.38	$29.53	$30.77	$26.02	$21.94	$24.51	$23.65	$29.19	$29.08	$31.83	$24.93
Tangible Book Value per Share	$27.38	$29.53	$30.77	$26.02	$21.94	$24.51	$23.65	$29.19	$29.08	$31.83	$24.93
Total Capital	210	231	242	205	176	171	169	155	155	168	133
Total Debt	0.00	0.00	0.00	0.00	0.00	3.50	38	4.82	4.82	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	3.50	38	4.82	4.82	0.00	0.00
Net Debt	-37	-47	-44	-22	-48	2.16	36	0.06	0.06	-40	-17
Capital Expenditures (CapEx)	7.31	12	23	21	-17	-16	1.92	4.45	0.59	-8.28	3.92
Debt-free, Cash-free Net Working Capital (DFCFNWC)	106	111	105	96	80	127	123	90	90	70	66
Debt-free Net Working Capital (DFNWC)	143	158	149	118	128	129	125	95	95	110	83
Net Working Capital (NWC)	143	158	149	118	128	129	125	95	95	110	83
Net Nonoperating Expense (NNE)	0.09	-0.20	-0.44	2.40	2.77	-0.20	0.22	2.12	1.04	-0.26	-0.96
Net Nonoperating Obligations (NNO)	-37	-47	-44	-22	-48	2.16	36	0.06	0.06	-40	-17
Total Depreciation and Amortization (D&A)	7.56	7.94	7.37	7.44	8.37	5.21	5.17	4.57	4.00	3.65	3.83
Debt-free, Cash-free Net Working Capital to Revenue	21.26%	23.73%	21.47%	21.63%	21.85%	26.61%	22.65%	22.91%	21.86%	15.95%	14.38%
Debt-free Net Working Capital to Revenue	28.61%	33.72%	30.40%	26.65%	34.99%	26.89%	23.05%	24.12%	23.01%	25.02%	18.01%
Net Working Capital to Revenue	28.61%	33.72%	30.40%	26.65%	34.99%	26.89%	23.05%	24.12%	23.01%	25.02%	18.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.19	$3.06	$2.25	($4.13)	($3.37)	$3.20	$0.29	$0.00	$2.04	$3.84	$6.46
Adjusted Weighted Average Basic Shares Outstanding	7.60M	7.78M	7.85M	7.89M	7.96M	7.20M	6.33M	0.00	5.17M	5.25M	5.13M
Adjusted Diluted Earnings per Share	$3.12	$3.02	$2.23	($4.13)	($3.37)	$3.09	$0.28	$0.00	$1.91	$3.55	$6.07
Adjusted Weighted Average Diluted Shares Outstanding	7.77M	7.89M	7.92M	7.89M	7.96M	7.47M	6.50M	0.00	5.52M	5.68M	5.46M
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	7.70M	7.82M	7.87M	7.92M	7.69M	6.82M	5.30M	0.00	5.20M	5.28M	4.09M
Normalized Net Operating Profit after Tax (NOPAT)	24	23	18	-7.95	-14	21	4.16	5.43	11	30	32
Normalized NOPAT Margin	4.86%	4.87%	3.78%	-1.79%	-3.70%	4.40%	0.76%	1.38%	2.76%	6.90%	7.01%
Pre Tax Income Margin	7.58%	8.02%	5.14%	-9.61%	-9.20%	6.57%	1.08%	2.34%	3.77%	6.11%	9.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	551.71	0.00	0.00	0.00	-410.67	3,147.70	8.07	7.86	11.03	380.21	1,934.09
NOPAT to Interest Expense	352.57	0.00	0.00	0.00	-293.62	2,285.24	2.49	12.60	7.46	284.17	1,462.31
EBIT Less CapEx to Interest Expense	445.83	0.00	0.00	0.00	-206.05	4,754.00	5.77	4.54	10.65	498.46	1,755.91
NOPAT Less CapEx to Interest Expense	246.68	0.00	0.00	0.00	-88.99	3,891.54	0.19	9.28	7.08	402.41	1,284.13
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.51%	25.49%	38.19%	-21.22%	-26.16%	11.38%	211.06%	21.93%	30.58%	17.64%	13.21%
Augmented Payout Ratio	22.51%	25.49%	38.19%	-21.22%	-26.16%	11.38%	211.06%	21.93%	30.58%	17.64%	13.21%

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	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
DEI Shares Outstanding	5,151,243.00	5,203,627.00	5,151,243.00	5,151,243.00	5,151,243.00	5,275,963.00	-	-	5,273,253.00
DEI Adjusted Shares Outstanding	5,151,243.00	5,203,627.00	5,151,243.00	5,151,243.00	5,151,243.00	5,275,963.00	-	-	5,273,253.00
DEI Earnings Per Adjusted Shares Outstanding	0.15	0.80	0.59	0.35	0.30	1.39	-	-	1.88
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-31.29%	9.94%	7.48%	8.25%	-5.13%	6.18%	8.37%	6.30%	-2.96%
EBITDA Growth	-60.29%	144.09%	13.07%	20.67%	17.97%	40.81%	109.83%	-202.81%	222.55%
EBIT Growth	-67.33%	215.28%	21.82%	40.13%	26.26%	48.62%	154.23%	-269.68%	294.89%
NOPAT Growth	-76.28%	290.21%	9.69%	20.97%	-81.76%	68.17%	164.83%	-275.24%	441.93%
Net Income Growth	-82.72%	450.53%	6.94%	22.24%	-84.18%	76.98%	196.76%	-307.54%	547.00%
EPS Growth	-77.05%	428.57%	7.55%	17.86%	-84.92%	77.03%	184.21%	-315.15%	555.56%
Operating Cash Flow Growth	95.98%	234.64%	26.79%	23.63%	200.66%	71.56%	0.00%	70.42%	30.07%
Free Cash Flow Firm Growth	178.34%	-86.12%	137.65%	364.26%	-92.99%	195.81%	-192.27%	-192.60%	1,629.87%
Invested Capital Growth	-28.35%	-2.93%	0.00%	0.00%	0.00%	-12.42%	0.00%	0.00%	-15.01%
Revenue Q/Q Growth	-24.02%	-2.71%	-3.75%	7.10%	-5.41%	8.89%	0.00%	5.06%	-13.65%
EBITDA Q/Q Growth	-39.95%	81.90%	-20.38%	-27.57%	12.45%	117.13%	0.00%	-135.49%	450.77%
EBIT Q/Q Growth	-46.29%	120.21%	-24.19%	-34.95%	16.26%	159.22%	0.00%	-143.42%	370.57%
NOPAT Q/Q Growth	469.58%	-59.93%	-18.20%	-40.82%	-5.99%	269.53%	0.00%	-139.16%	390.72%
Net Income Q/Q Growth	377.49%	-57.31%	-26.30%	-40.90%	-14.92%	377.64%	0.00%	-141.33%	365.23%
EPS Q/Q Growth	800.00%	-58.66%	-22.97%	-42.11%	-18.18%	385.19%	0.00%	-143.83%	349.30%
Operating Cash Flow Q/Q Growth	-114.96%	132.09%	515.85%	-51.28%	4.54%	-45.31%	0.00%	0.00%	-45.96%
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%	124.98%
Invested Capital Q/Q Growth	-5.96%	1.41%	-100.00%	0.00%	0.00%	-11.19%	0.00%	-9.76%	-0.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	19.46%	21.51%	21.93%	21.75%	19.34%	23.49%	21.02%	22.23%	20.16%
EBITDA Margin	3.02%	6.71%	5.55%	3.75%	4.46%	8.89%	10.74%	-3.63%	14.83%
Operating Margin	2.03%	5.81%	4.58%	2.78%	3.42%	8.14%	10.74%	-4.44%	13.91%
EBIT Margin	2.03%	5.81%	4.58%	2.78%	3.42%	8.14%	10.74%	-4.44%	13.91%
Profit (Net Income) Margin	0.79%	3.98%	3.05%	1.68%	1.51%	6.63%	8.35%	-3.28%	10.09%
Tax Burden Percent	55.79%	69.05%	74.51%	67.78%	54.81%	78.13%	77.61%	75.47%	75.21%
Interest Burden Percent	70.28%	99.16%	89.33%	89.20%	80.73%	104.35%	100.10%	97.98%	96.38%
Effective Tax Rate	44.21%	30.95%	25.49%	32.22%	45.19%	21.87%	22.39%	0.00%	24.79%
Return on Invested Capital (ROIC)	3.01%	10.45%	0.00%	0.00%	5.14%	18.63%	0.00%	0.00%	33.17%
ROIC Less NNEP Spread (ROIC-NNEP)	2.16%	10.16%	0.00%	0.00%	-595.02%	17.13%	0.00%	0.00%	35.03%
Return on Net Nonoperating Assets (RNNOA)	0.54%	0.85%	0.00%	0.00%	-0.24%	-2.13%	0.00%	0.00%	-4.40%
Return on Equity (ROE)	3.55%	11.30%	0.00%	0.00%	4.90%	16.49%	0.00%	0.00%	28.77%
Cash Return on Invested Capital (CROIC)	31.47%	15.38%	0.00%	0.00%	7.69%	23.38%	0.00%	0.00%	30.52%
Operating Return on Assets (OROA)	3.34%	8.47%	0.00%	0.00%	5.14%	12.40%	0.00%	0.00%	22.03%
Return on Assets (ROA)	1.31%	5.80%	0.00%	0.00%	2.27%	10.11%	0.00%	0.00%	15.97%
Return on Common Equity (ROCE)	3.55%	11.30%	0.00%	0.00%	4.90%	16.49%	0.00%	0.00%	28.77%
Return on Equity Simple (ROE_SIMPLE)	-1.33%	0.00%	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	10
NOPAT Margin	1.13%	4.01%	3.41%	1.89%	1.87%	6.36%	8.34%	-3.11%	10.46%
Net Nonoperating Expense Percent (NNEP)	0.85%	0.29%	0.00%	0.00%	600.16%	1.50%	0.16%	-1.77%	-1.86%
Return On Investment Capital (ROIC_SIMPLE)	-	2.64%	-	-	1.22%	4.08%	5.59%	-2.24%	6.13%
Cost of Revenue to Revenue	80.54%	78.49%	78.07%	78.25%	80.67%	76.51%	78.98%	77.77%	79.84%
SG&A Expenses to Revenue	17.43%	15.69%	17.35%	16.52%	18.78%	15.36%	14.88%	14.98%	15.08%
R&D to Revenue	0.00%	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%	6.25%
Earnings before Interest and Taxes (EBIT)	1.92	6.05	4.58	2.98	3.47	8.99	12	-5.06	14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.86	6.98	5.55	4.02	4.52	9.82	12	-4.14	15
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.83	1.57	0.00	0.00	1.12	1.51	1.87	1.22	1.20
Price to Tangible Book Value (P/TBV)	0.83	1.57	0.00	0.00	1.12	1.51	1.87	1.22	1.20
Price to Revenue (P/Rev)	0.22	0.60	0.24	0.48	0.41	0.62	0.00	0.00	0.46
Price to Earnings (P/E)	0.00	13.37	5.38	10.70	16.01	18.92	0.00	0.00	9.98
Dividend Yield	2.95%	1.42%	3.23%	1.63%	1.96%	1.60%	1.18%	1.81%	2.00%
Earnings Yield	0.00%	7.48%	18.59%	9.35%	6.24%	5.29%	0.00%	0.00%	10.02%
Enterprise Value to Invested Capital (EV/IC)	0.86	1.58	0.00	0.00	1.12	1.65	1.94	1.25	1.26
Enterprise Value to Revenue (EV/Rev)	0.27	0.60	0.00	0.00	0.41	0.53	0.00	0.00	0.37
Enterprise Value to EBITDA (EV/EBITDA)	18.17	12.51	0.00	0.00	8.00	9.23	0.00	0.00	5.32
Enterprise Value to EBIT (EV/EBIT)	50.84	16.41	0.00	0.00	9.87	11.03	0.00	0.00	6.05
Enterprise Value to NOPAT (EV/NOPAT)	0.00	12.52	0.00	0.00	14.59	15.23	0.00	0.00	8.10
Enterprise Value to Operating Cash Flow (EV/OCF)	2.68	8.86	0.00	0.00	5.29	6.57	12.25	5.88	4.36
Enterprise Value to Free Cash Flow (EV/FCFF)	2.28	10.10	0.00	0.00	14.59	6.60	0.00	0.00	3.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.02	0.00	0.00	0.03	0.00	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	0.00
Financial Leverage	0.25	0.08	0.00	0.00	0.00	-0.12	-0.07	-0.14	-0.13
Leverage Ratio	2.02	1.94	0.00	0.00	1.83	1.68	1.68	1.68	1.75
Compound Leverage Factor	1.42	1.92	0.00	0.00	1.47	1.76	1.68	1.65	1.69
Debt to Total Capital	18.64%	2.26%	0.00%	0.00%	3.11%	0.00%	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%	0.00%
Long-Term Debt to Total Capital	18.64%	2.26%	0.00%	0.00%	3.11%	0.00%	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%	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%
Common Equity to Total Capital	81.36%	97.74%	0.00%	0.00%	96.89%	100.00%	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	0.00
Net Debt to EBITDA	3.50	-0.11	0.00	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	0.00
Debt to NOPAT	-10.22	0.19	0.00	0.00	0.42	0.00	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	0.00
Long-Term Debt to NOPAT	-10.22	0.19	0.00	0.00	0.42	0.00	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	4.19
Noncontrolling Interest Sharing Ratio	0.00%	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	2.78
Quick Ratio	0.67	0.85	0.00	0.00	0.81	1.26	0.95	1.14	1.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	63	8.78	153	150	1.90	26	-141	-139	33
Operating Cash Flow to CapEx	-131.44%	561.59%	561.31%	552.19%	0.00%	303.17%	0.00%	2,349.04%	0.00%
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	469.56
Operating Cash Flow to Interest Expense	-3.12	47.02	30.20	21.41	11.16	0.00	0.00	0.00	139.77
Operating Cash Flow Less CapEx to Interest Expense	-5.50	38.65	24.82	17.54	16.75	0.00	0.00	0.00	308.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	1.65	1.46	0.00	0.00	1.50	1.52	0.00	0.00	1.58
Accounts Receivable Turnover	12.20	10.99	0.00	0.00	9.33	11.22	0.00	0.00	11.10
Inventory Turnover	2.75	3.02	0.00	0.00	3.37	3.59	0.00	0.00	3.70
Fixed Asset Turnover	12.83	10.73	0.00	0.00	11.24	11.55	0.00	0.00	12.10
Accounts Payable Turnover	13.14	14.30	0.00	0.00	12.60	12.27	0.00	0.00	13.34
Days Sales Outstanding (DSO)	29.91	33.22	0.00	0.00	39.12	32.53	0.00	0.00	32.88
Days Inventory Outstanding (DIO)	132.65	120.83	0.00	0.00	108.29	101.64	0.00	0.00	98.77
Days Payable Outstanding (DPO)	27.78	25.52	0.00	0.00	28.96	29.75	0.00	0.00	27.36
Cash Conversion Cycle (CCC)	134.77	128.53	0.00	0.00	118.45	104.42	0.00	0.00	104.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	157	153	0.00	0.00	150	134	150	135	128
Invested Capital Turnover	2.66	2.60	0.00	0.00	2.74	2.93	0.00	0.00	3.17
Increase / (Decrease) in Invested Capital	-62	-4.60	-149	-148	0.00	-19	150	135	-23
Enterprise Value (EV)	135	241	0.00	0.00	169	221	292	170	161
Market Capitalization	109	243	99	200	169	259	303	192	201
Book Value per Share	$25.30	$29.73	$0.00	$0.00	$29.08	$32.64	$31.09	$30.01	$31.83
Tangible Book Value per Share	$25.30	$29.73	$0.00	$0.00	$29.08	$32.64	$31.09	$30.01	$31.83
Total Capital	161	158	0.00	0.00	155	172	162	158	168
Total Debt	30	3.58	0.00	0.00	4.82	0.00	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	0.00
Net Debt	26	-2.16	0.00	0.00	0.06	-39	-12	-23	-40
Capital Expenditures (CapEx)	1.36	0.43	2.63	1.30	-3.77	1.36	0.00	0.52	-12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	112	93	0.00	0.00	90	78	86	81	70
Debt-free Net Working Capital (DFNWC)	116	98	0.00	0.00	95	117	98	103	110
Net Working Capital (NWC)	116	98	0.00	0.00	95	117	98	103	110
Net Nonoperating Expense (NNE)	0.32	0.04	0.36	0.22	0.37	-0.31	-0.01	0.20	0.37
Net Nonoperating Obligations (NNO)	26	-2.16	0.00	0.00	0.06	-39	-12	-23	-40
Total Depreciation and Amortization (D&A)	0.94	0.93	0.97	1.04	1.06	0.84	0.00	0.92	0.90
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%	15.95%
Debt-free Net Working Capital to Revenue	23.16%	24.38%	0.00%	0.00%	23.01%	27.88%	0.00%	0.00%	25.02%
Net Working Capital to Revenue	23.16%	24.38%	0.00%	0.00%	23.01%	27.88%	0.00%	0.00%	25.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.05	$0.80	$0.00	$0.00	$0.30	$1.38	$1.73	($0.71)	$1.93
Adjusted Weighted Average Basic Shares Outstanding	5.31M	5.20M	0.00	0.00	5.17M	5.31M	5.25M	5.27M	5.25M
Adjusted Diluted Earnings per Share	$0.05	$0.74	$0.00	$0.00	$0.27	$1.31	$1.62	($0.71)	$1.77
Adjusted Weighted Average Diluted Shares Outstanding	5.47M	5.58M	0.00	0.00	5.52M	5.60M	5.58M	5.27M	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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.27M	5.21M	0.00	0.00	5.20M	5.34M	5.27M	5.27M	5.28M
Normalized Net Operating Profit after Tax (NOPAT)	1.07	4.18	3.42	3.80	1.90	7.02	9.04	6.31	10
Normalized NOPAT Margin	1.13%	4.01%	3.41%	3.55%	1.87%	6.36%	8.34%	5.54%	10.46%
Pre Tax Income Margin	1.42%	5.77%	4.09%	2.48%	2.76%	8.49%	10.75%	-4.35%	13.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.36	118.57	9.37	8.88	5.14	0.00	613.37	0.00	195.59
NOPAT to Interest Expense	1.88	81.87	6.98	6.02	2.82	0.00	476.04	0.00	147.10
EBIT Less CapEx to Interest Expense	0.99	110.20	3.99	5.00	10.73	0.00	0.00	0.00	364.17
NOPAT Less CapEx to Interest Expense	-0.50	73.49	1.60	2.14	8.41	0.00	0.00	0.00	315.69
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-213.96%	17.81%	17.61%	13.09%	30.58%	25.46%	0.00%	0.00%	17.64%
Augmented Payout Ratio	-213.96%	17.81%	17.61%	13.09%	30.58%	25.46%	0.00%	0.00%	17.64%

Financials Breakdown Chart

Key Financial Trends

Flexsteel Industries (NASDAQ:FLXS) ended the provided period with significantly improved profitability and liquidity, although quarterly results were uneven. In Q4 2025, revenue declined approximately 3% year over year to $98.4 million, but gross profit increased to $19.8 million and gross margin expanded to roughly 20.2%, compared with about 19.3% in Q4 2024. Operating income rose to $13.7 million from $3.5 million, while net income increased to $9.9 million, or $1.77 per diluted share, versus $1.5 million, or $0.27 per share, a year earlier.

The latest quarter also showed strong cash generation. Operating cash flow reached $15.6 million, and cash flow before capital expenditures was approximately $15.1 million. After a $3.4 million benefit from investing activities, including $4.0 million of proceeds from selling property, plant and equipment, and $1.7 million of financing outflows, cash increased by $17.4 million. The asset-sale proceeds boosted cash flow but may not be recurring.

Across the supplied fiscal 2025 quarters, revenue totaled approximately $421.3 million, modestly above the comparable four-quarter 2024 total of roughly $412.8 million. Net income was approximately $23.6 million, more than double the prior period’s $10.5 million, although the comparison benefits from the unusually weak Q4 2024 result and includes a $14.1 million impairment charge in Q3 2025. Operating cash flow totaled approximately $39.3 million in the four 2025 quarters provided, compared with $31.9 million in the comparable 2024 quarters.

Profitability improved sharply: Q4 2025 operating and net margins expanded substantially from the prior-year quarter, and diluted EPS increased to $1.77.
Gross margin strengthened: Q4 gross margin improved to approximately 20.2%, suggesting better pricing, product mix or production-cost performance.
Operating cash flow remained strong: Q4 operating cash flow of $15.6 million exceeded reported net income, providing meaningful support for dividends and reinvestment.
Liquidity expanded: Cash increased from $38.6 million at Q1 2025 to $57.3 million at Q3 2025, while total current assets rose to $200.5 million.
Balance-sheet leverage appears limited: Reported long-term debt was zero at both Q2 and Q3 2025, and shareholders’ equity increased from $172.2 million to $185.3 million during the supplied balance-sheet periods.
Working capital trends improved: Inventory declined from $95.1 million at Q2 2025 to $80.6 million at Q3, which could reduce carrying costs and free up cash if demand remains stable.
Revenue growth remains modest: The four supplied 2025 quarters generated only about 2% more revenue than the comparable 2024 quarters, so earnings improvement has relied more heavily on margins and cost control than on strong sales growth.
Dividend payments continued: Flexsteel paid approximately $3.4 million in dividends across the four 2025 quarters provided. The payments are supported by cash generation, but investors should monitor coverage during weaker demand periods.
Quarterly earnings were volatile: Q3 2025 produced a $3.7 million net loss and a $0.71 diluted loss per share, primarily because of the $14.1 million impairment charge.
Cash-flow quality warrants attention: Q3 operating cash flow was supported by $10.7 million of noncash adjustments, while Q4 investing cash flow benefited heavily from a property sale. These factors may not represent repeatable operating improvements.

Overall, the statements point to a stronger financial position for FLXS, with improved margins, solid operating cash flow, rising cash balances and limited reported debt. However, investors should determine whether the Q4 profitability gains can persist without one-time asset-sale benefits and should watch for additional impairments, restructuring costs or a renewed slowdown in furniture demand.

08/22/26 02:04 AM 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 2026 ended on June 30, 2026.

Flexsteel Industries' net income appears to be on an upward trend, with a most recent value of $33.13 million in 2026, rising from $24.24 million in 2016. The previous period was $20.15 million in 2025. See where experts think Flexsteel Industries is headed by visiting Flexsteel Industries' forecast page.

Flexsteel Industries' total operating income in 2026 was $42.55 million, based on the following breakdown:

Total Gross Profit: $113.44 million
Total Operating Expenses: $70.89 million

Over the last 10 years, Flexsteel Industries' total revenue changed from $500.11 million in 2016 to $459.18 million in 2026, a change of -8.2%.

Flexsteel Industries' total liabilities were at $120.51 million at the end of 2026, a 5.1% increase from 2025, and a 223.6% increase since 2016.

In the past 10 years, Flexsteel Industries' cash and equivalents has ranged from $1.34 million in 2021 to $48.20 million in 2020, and is currently $16.68 million as of their latest financial filing in 2026.

Over the last 10 years, Flexsteel Industries' book value per share changed from 27.38 in 2016 to 24.93 in 2026, a change of -9.0%.

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Financial statements for NASDAQ:FLXS last updated on 8/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Flexsteel Industries (FLXS) Financials

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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?

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