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Flexible Solutions International (FSI) Financials

Flexible Solutions International logo
$5.81 -0.12 (-2.02%)
As of 08/28/2026 03:59 PM Eastern
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Annual Income Statements for Flexible Solutions International

Annual Income Statements for Flexible Solutions International

This table shows Flexible Solutions International's 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 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 1.50 1.81 1.86 2.49 1.91 2.98 3.45 7.02 2.78 3.04 0.79
Consolidated Net Income / (Loss)		 1.50 1.81 1.75 2.42 2.30 3.58 4.29 7.71 3.76 4.10 2.37
Net Income / (Loss) Continuing Operations		 1.50 1.81 1.86 2.42 2.30 3.58 4.29 7.71 3.76 4.10 2.37
Total Pre-Tax Income 		2.31 3.09 3.42 3.05 2.31 5.19 6.65 7.86 3.62 4.95 3.27
Total Operating Income		 2.35 3.09 1.51 1.31 1.91 4.12 5.48 7.05 3.50 5.52 4.60
Total Gross Profit		 6.20 6.99 5.99 5.64 8.62 9.77 11 14 10 13 13
Total Revenue		 16 16 15 18 27 31 34 46 38 38 39
Operating Revenue		 16 16 15 18 27 31 34 46 38 38 39
Total Cost of Revenue		 9.70 9.26 9.51 12 19 22 23 32 28 25 26
Operating Cost of Revenue		 9.70 9.26 9.51 12 19 22 23 32 28 25 26
Total Operating Expenses		 3.85 3.90 4.47 4.33 6.71 5.65 5.91 6.80 6.94 7.72 7.94
Selling, General & Admin Expense		 0.93 0.85 0.89 0.92 1.21 1.06 1.18 1.74 1.67 3.65 4.51
Research & Development Expense		 0.10 0.10 0.10 0.14 0.12 0.08 0.12 0.10 0.16 0.33 0.62
Other Operating Expenses / (Income)		 2.79 2.94 3.47 3.20 5.22 4.31 4.44 4.78 4.92 3.74 4.02
Other Special Charges / (Income)		 - - - 0.00 - - - - - 0.00 -1.21
Total Other Income / (Expense), net		 -0.04 0.00 2.01 1.75 0.41 1.07 1.17 0.81 0.12 -0.56 -1.33
Interest Expense		 - - - - - - - - 0.50 0.61 0.61
Interest & Investment Income		 0.00 0.00 -0.08 0.03 0.40 0.93 0.59 0.81 0.62 0.09 0.28
Other Income / (Expense), net		 -0.05 0.00 1.99 1.71 0.00 0.14 0.58 0.00 0.00 -0.04 -1.00
Income Tax Expense		 0.80 1.29 1.67 0.63 0.02 1.61 2.36 0.15 -0.13 0.85 0.90
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - 0.00 -0.07 0.38 0.61 0.85 0.69 0.98 1.06 1.58
Basic Earnings per Share		 $0.11 $0.16 $0.15 $0.21 $0.16 $0.24 $0.28 $0.57 $0.22 $0.24 $0.06
Weighted Average Basic Shares Outstanding		 13.17M 11.46M 11.49M 11.63M 11.95M 12.24M 12.32M 12.38M 12.43M 12.45M 12.65M
Diluted Earnings per Share		 $0.11 $0.15 $0.15 $0.21 $0.16 $0.24 $0.28 $0.56 $0.22 $0.24 $0.06
Weighted Average Diluted Shares Outstanding		 13.31M 11.64M 11.73M 11.82M 12.09M 12.30M 12.51M 12.47M 12.49M 12.68M 13.59M

Quarterly Income Statements for Flexible Solutions International

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 1.80 0.46 1.29 0.61 0.68 -0.28 2.03 -0.50 -0.46 -0.24 -1.91
Consolidated Net Income / (Loss)		 2.30 0.52 1.43 1.09 1.06 -0.26 2.15 0.39 0.10 -0.28 -1.87
Net Income / (Loss) Continuing Operations		 2.30 0.52 1.43 1.09 1.06 -0.26 2.15 0.39 0.10 -0.28 -1.87
Total Pre-Tax Income 		1.29 0.78 1.99 1.46 0.72 -0.15 3.16 0.20 0.05 -0.24 -2.34
Total Operating Income		 1.66 0.77 1.97 1.91 0.86 -0.07 3.30 0.31 1.06 -0.09 -2.22
Total Gross Profit		 2.85 2.82 3.94 3.81 2.67 1.95 5.39 2.52 2.68 1.89 -0.29
Total Revenue		 9.43 9.22 11 9.31 9.17 7.47 11 11 9.12 8.30 7.61
Operating Revenue		 9.43 9.22 11 9.31 9.17 7.47 11 11 9.12 8.30 7.61
Total Cost of Revenue		 6.58 6.40 6.59 5.51 6.49 5.52 5.98 8.03 6.44 6.41 7.90
Operating Cost of Revenue		 6.58 6.40 6.59 5.51 6.49 5.52 5.98 8.03 6.44 6.41 7.90
Total Operating Expenses		 1.19 2.05 1.97 1.89 1.81 2.02 2.09 2.21 1.62 1.98 1.93
Selling, General & Admin Expense		 0.39 0.48 0.57 0.64 1.97 1.02 1.03 0.74 2.54 0.83 0.83
Research & Development Expense		 0.07 0.13 0.06 0.03 0.11 0.11 0.17 0.26 0.09 0.12 0.11
Other Operating Expenses / (Income)		 0.70 1.38 1.28 1.17 -0.09 0.90 0.89 1.14 0.44 1.03 0.99
Total Other Income / (Expense), net		 -0.36 0.01 0.02 -0.45 -0.14 -0.08 -0.14 -0.11 -1.01 -0.15 -0.12
Interest Expense		 - 0.18 0.16 0.13 0.15 0.20 0.18 0.14 0.10 0.13 0.13
Interest & Investment Income		 0.14 0.23 0.18 -0.32 0.00 0.11 0.05 0.03 0.09 -0.02 0.01
Income Tax Expense		 -1.01 0.26 0.56 0.37 -0.34 0.11 1.02 -0.18 -0.05 0.05 -0.47
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.50 0.06 0.14 0.48 0.38 0.01 0.12 0.89 0.56 -0.04 0.05
Basic Earnings per Share		 $0.14 $0.04 $0.10 $0.05 $0.05 ($0.02) $0.16 ($0.04) ($0.04) ($0.02) ($0.15)
Weighted Average Basic Shares Outstanding		 12.43M 12.45M 12.45M 12.45M 12.45M 12.59M 12.65M 12.66M 12.65M 12.74M 12.74M
Diluted Earnings per Share		 $0.15 $0.04 $0.10 $0.05 $0.05 ($0.02) $0.15 ($0.04) ($0.03) ($0.02) ($0.15)
Weighted Average Diluted Shares Outstanding		 12.49M 12.45M 12.48M 12.70M 12.68M 12.59M 13.27M 12.66M 13.59M 12.74M 12.74M
Weighted Average Basic & Diluted Shares Outstanding		 12.45M 12.45M 12.45M 12.46M 12.65M 12.65M 12.66M 12.69M 0.00 12.74M 12.77M

Annual Cash Flow Statements for Flexible Solutions International

This table details how cash moves in and out of Flexible Solutions International's 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 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 1.75 -0.03 4.44 1.34 -3.38 -0.16 2.26 0.08 0.89 2.61 -1.01
Net Cash From Operating Activities		 2.74 1.78 1.04 -2.23 2.37 5.71 4.54 1.48 6.12 5.57 3.78
Net Cash From Continuing Operating Activities		 2.77 1.78 1.04 -2.23 2.37 5.71 5.10 1.48 6.12 5.57 3.78
Net Income / (Loss) Continuing Operations		 1.50 1.79 1.75 2.42 2.30 3.58 4.29 7.71 3.76 4.10 2.37
Consolidated Net Income / (Loss)		 1.50 1.79 1.75 2.42 2.30 3.58 4.29 7.71 3.76 4.10 2.37
Depreciation Expense		 0.58 0.54 0.29 0.34 0.62 0.85 0.97 1.28 1.69 1.96 1.97
Non-Cash Adjustments To Reconcile Net Income		 0.08 0.08 -1.89 -1.60 0.23 -0.68 -0.29 -0.25 -0.11 0.78 0.83
Changes in Operating Assets and Liabilities, net		 0.61 -0.64 0.90 -3.39 -1.08 1.61 -0.14 -7.31 0.79 -1.27 -1.38
Net Cash From Investing Activities		 -0.06 -0.22 2.97 -2.56 -2.67 -3.22 -0.66 -2.22 -4.85 -2.16 0.89
Net Cash From Continuing Investing Activities		 -0.06 -0.22 2.97 -2.56 -2.67 -3.22 -0.66 -2.22 -4.85 -2.16 0.89
Purchase of Property, Plant & Equipment		 -0.06 -0.11 -0.43 -0.18 -1.83 -1.08 -0.78 -1.98 -4.99 -4.96 -4.37
Sale of Property, Plant & Equipment		 - - - - - 0.01 0.26 0.00 0.01 2.00 3.75
Sale and/or Maturity of Investments		 0.00 0.00 3.39 2.44 0.17 - - 0.00 0.20 0.29 1.01
Other Investing Activities, net		 -0.00 -0.02 0.01 -0.00 0.00 0.02 - 0.00 0.20 0.51 0.50
Net Cash From Financing Activities		 -0.89 -1.69 -0.05 6.13 -3.09 -2.70 -1.71 0.85 -0.38 -0.98 -5.94
Net Cash From Continuing Financing Activities		 -0.89 -1.69 -0.05 6.13 -3.09 -2.70 -1.71 0.85 -0.38 -0.98 -5.94
Repayment of Debt		 -0.89 -0.20 -0.20 -0.31 -1.86 -5.56 -1.23 -1.83 -0.73 -1.52 -4.32
Payment of Dividends		 - - 0.00 -0.23 -2.70 -0.59 -0.80 -0.69 -1.35 -2.05 -2.27
Issuance of Debt		 - 0.05 0.00 6.56 1.10 3.41 0.18 3.23 1.68 2.40 0.10
Issuance of Common Equity		 0.01 0.03 0.16 0.10 0.36 0.04 0.14 0.14 0.01 0.18 0.55
Effect of Exchange Rate Changes		 -0.04 0.11 0.47 - - 0.05 0.10 -0.03 0.01 0.19 0.26
Cash Interest Paid		 0.06 0.04 0.04 0.09 0.43 0.26 0.18 0.29 0.50 0.61 0.61

Quarterly Cash Flow Statements for Flexible Solutions International

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -2.25 0.62 0.88 4.10 -2.99 2.01 -1.03 0.88 -1.86 -0.80 1.38
Net Cash From Operating Activities		 -4.01 -0.60 5.91 2.48 -2.22 -0.54 5.28 2.02 -2.98 -1.82 5.31
Net Cash From Continuing Operating Activities		 -4.01 -0.60 5.91 2.48 -2.22 -0.54 5.28 2.02 -2.98 -1.82 5.31
Net Income / (Loss) Continuing Operations		 2.30 0.52 1.43 1.09 1.06 -0.26 2.15 0.39 0.10 -0.28 -1.87
Consolidated Net Income / (Loss)		 2.30 0.52 1.43 1.09 1.06 -0.26 2.15 0.39 0.10 -0.28 -1.87
Depreciation Expense		 0.47 0.42 0.52 0.49 0.53 0.47 0.49 0.48 0.52 0.51 0.56
Non-Cash Adjustments To Reconcile Net Income		 -0.24 0.07 0.01 0.49 0.21 0.03 0.08 0.13 0.59 0.25 0.22
Changes in Operating Assets and Liabilities, net		 -6.51 -1.61 3.95 0.41 -4.02 -0.78 2.57 1.02 -4.19 -2.29 6.40
Net Cash From Investing Activities		 0.03 -0.15 -1.09 1.11 -2.04 0.67 -0.98 -0.46 2.69 -1.50 -0.75
Net Cash From Continuing Investing Activities		 0.03 -0.15 -1.09 1.11 -2.04 0.67 -0.98 -0.46 2.69 -1.50 -0.75
Purchase of Property, Plant & Equipment		 -0.66 -0.48 -1.19 -1.21 -2.09 -0.35 -0.98 -1.98 -1.06 -2.23 -0.75
Net Cash From Financing Activities		 1.93 1.35 -3.98 0.47 1.18 1.70 -5.41 -0.60 -1.62 2.60 -3.15
Net Cash From Continuing Financing Activities		 1.93 1.35 -3.98 0.47 1.18 1.70 -5.41 -0.60 -1.62 2.60 -3.15
Repayment of Debt		 2.63 -0.19 -1.38 -1.16 1.21 -0.62 -1.96 -0.60 -1.14 -0.10 -0.56
Issuance of Common Equity		 - 0.03 - - 0.16 0.38 0.01 0.07 0.08 0.05 0.06
Effect of Exchange Rate Changes		 -0.19 0.03 0.04 - - 0.19 0.08 - - -0.09 -0.04

Annual Balance Sheets for Flexible Solutions International

This table presents Flexible Solutions International's 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 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 14 15 18 31 32 35 40 52 55 60 62
Total Current Assets		 7.97 9.49 14 21 18 19 24 31 30 35 33
Cash & Equivalents		 2.50 2.47 6.91 7.86 3.63 3.47 5.71 6.12 5.02 7.63 6.63
Short-Term Investments		 - - - - - - - - - - 0.00
Accounts Receivable		 1.95 3.01 2.11 4.42 4.47 5.89 7.13 9.45 9.84 12 13
Inventories, net		 3.28 3.79 4.69 8.73 9.18 8.37 9.50 14 11 11 11
Prepaid Expenses		 0.24 0.23 0.26 0.20 0.22 0.30 0.44 0.31 1.54 1.96 1.33
Other Current Assets		 - - - - 0.00 1.00 1.03 0.70 2.69 2.40 1.81
Plant, Property, & Equipment, net		 3.79 3.39 1.94 2.56 4.01 5.14 4.93 9.71 13 17 16
Total Noncurrent Assets		 2.38 2.27 1.88 7.42 11 11 11 11 12 8.25 13
Long-Term Investments		 0.00 0.12 0.01 0.78 1.92 4.78 5.42 5.46 6.03 3.42 2.05
Goodwill		 - - 0.00 2.53 2.53 2.53 2.53 2.53 2.53 2.53 2.53
Intangible Assets		 0.10 0.10 0.08 3.19 2.95 2.78 2.60 2.44 2.28 2.12 1.96
Other Noncurrent Operating Assets		 0.01 0.03 0.02 0.03 1.87 0.52 0.24 0.18 0.94 0.17 6.21
Total Liabilities & Shareholders' Equity		 14 15 18 31 32 35 40 52 55 60 62
Total Liabilities		 2.11 2.69 2.85 12 12 11 12 16 17 19 19
Total Current Liabilities		 1.56 2.34 2.70 6.10 6.79 7.89 9.82 10 10 12 11
Short-Term Debt		 0.20 0.45 0.45 3.57 3.59 2.96 3.09 3.54 1.87 4.19 2.55
Accounts Payable		 0.83 0.90 0.94 0.86 0.64 0.56 1.28 0.87 1.98 2.05 2.22
Accrued Expenses		 - - - 0.19 0.18 1.23 0.46 0.96 0.28 0.40 0.50
Current Deferred Revenue		 0.04 0.10 0.21 0.13 0.21 0.31 0.35 0.39 0.15 0.08 0.12
Current Deferred & Payable Income Tax Liabilities		 0.29 0.89 1.10 1.36 1.77 2.54 4.56 4.49 4.49 5.14 5.06
Other Current Liabilities		 0.20 - - 0.00 0.41 0.29 0.08 0.06 1.28 0.00 0.30
Total Noncurrent Liabilities		 0.55 0.35 0.15 5.57 5.13 3.43 2.02 6.05 7.15 6.74 8.25
Long-Term Debt		 0.55 0.35 0.15 4.58 3.18 3.00 1.57 5.44 6.83 6.62 4.04
Noncurrent Deferred & Payable Income Tax Liabilities		 - - 0.00 0.99 1.06 0.23 0.31 0.50 0.26 0.12 0.28
Other Noncurrent Operating Liabilities		 - - - 0.00 0.88 0.20 0.14 0.11 0.06 0.00 3.92
Commitments & Contingencies		 0.00 0.00 0.00 - - - - - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 12 12 15 20 20 24 28 35 38 41 43
Total Preferred & Common Equity		 12 12 15 17 18 21 25 33 35 38 39
Total Common Equity		 12 12 15 17 18 21 25 33 35 38 39
Common Stock		 16 15 15 15 16 17 17 18 18 19 20
Retained Earnings		 -3.10 -1.30 0.45 2.94 2.46 5.43 8.88 16 18 20 19
Accumulated Other Comprehensive Income / (Loss)		 -1.21 -1.09 -0.66 -1.22 -0.99 -0.87 -0.78 -0.81 -0.80 -0.61 -0.35
Noncontrolling Interest		 - - 0.00 2.46 2.55 2.56 2.60 2.61 3.07 3.33 3.92

Quarterly Balance Sheets for Flexible Solutions International

This table presents Flexible Solutions International'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 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 53 58 56 58 62 58 58 64 59
Total Current Assets		 28 33 29 32 36 31 33 34 29
Cash & Equivalents		 8.94 5.30 6.84 11 9.65 8.61 8.48 5.82 7.20
Short-Term Investments		 - - - - - - - - 0.47
Accounts Receivable		 6.91 13 8.79 8.07 12 8.60 9.47 13 4.44
Inventories, net		 9.44 10 10 9.72 11 11 12 13 15
Prepaid Expenses		 1.94 0.74 0.59 1.52 1.95 1.16 1.29 1.44 0.71
Other Current Assets		 1.01 3.02 2.37 2.37 1.38 1.39 1.39 1.08 1.08
Plant, Property, & Equipment, net		 13 13 14 15 17 18 16 18 18
Total Noncurrent Assets		 12 12 13 11 8.53 9.54 9.11 12 12
Long-Term Investments		 6.25 5.89 5.90 3.55 3.49 3.51 2.98 2.00 0.00
Goodwill		 2.53 2.53 2.53 2.53 2.53 2.53 2.53 2.53 2.53
Intangible Assets		 2.32 2.24 2.20 2.16 2.08 2.04 2.00 1.92 3.74
Other Noncurrent Operating Assets		 0.52 0.84 2.52 2.25 0.43 1.46 1.59 5.32 5.60
Total Liabilities & Shareholders' Equity		 53 58 56 58 62 58 58 64 59
Total Liabilities		 17 18 17 17 20 16 15 21 18
Total Current Liabilities		 9.01 12 11 10 13 9.15 11 13 10
Short-Term Debt		 0.83 4.93 2.78 2.31 5.63 1.85 3.49 5.21 2.12
Accounts Payable		 2.05 1.40 1.49 0.91 2.16 1.72 2.13 2.59 3.07
Accrued Expenses		 0.81 0.70 1.26 1.25 0.18 0.21 0.29 0.17 0.20
Current Deferred Revenue		 0.02 0.13 0.08 0.05 0.08 0.04 0.07 0.13 0.08
Current Deferred & Payable Income Tax Liabilities		 5.24 4.75 5.31 5.68 5.25 5.33 5.10 4.80 4.35
Other Current Liabilities		 0.06 0.00 0.00 0.00 - - - 0.47 0.48
Total Noncurrent Liabilities		 7.60 6.58 6.36 7.31 6.63 6.50 4.27 7.93 7.78
Long-Term Debt		 7.03 6.32 6.10 7.05 6.51 6.38 4.15 3.93 3.81
Noncurrent Deferred & Payable Income Tax Liabilities		 0.50 0.26 0.26 0.26 0.12 0.12 0.12 0.28 0.28
Other Noncurrent Operating Liabilities		 0.07 0.00 0.00 0.00 - - - 3.73 3.69
Commitments & Contingencies		 - - - - - - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 36 39 39 40 42 43 43 43 41
Total Preferred & Common Equity		 34 36 36 37 38 39 39 39 37
Total Common Equity		 34 36 36 37 38 39 39 39 37
Common Stock		 18 18 18 18 19 19 20 20 20
Retained Earnings		 16 19 19 19 20 20 20 19 17
Accumulated Other Comprehensive Income / (Loss)		 -0.61 -0.77 -0.73 -0.69 -0.42 -0.34 -0.41 -0.43 -0.47
Noncontrolling Interest		 2.75 3.12 2.90 3.38 3.35 3.21 4.02 3.81 3.86

Annual Metrics And Ratios for Flexible Solutions International

This table displays calculated financial ratios and metrics derived from Flexible Solutions International's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 13,177,991.00 11,451,991.00 11,522,991.00 11,630,991.00 12,189,545.00 12,240,545.00 12,327,246.00 12,384,746.00 12,435,532.00 12,455,532.00 12,692,498.00
DEI Adjusted Shares Outstanding		 13,177,991.00 11,451,991.00 11,522,991.00 11,630,991.00 12,189,545.00 12,240,545.00 12,327,246.00 12,384,746.00 12,435,532.00 12,455,532.00 12,692,498.00
DEI Earnings Per Adjusted Shares Outstanding		 0.11 0.16 0.16 0.21 0.16 0.24 0.28 0.57 0.22 0.24 0.06
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.06% 2.19% -4.63% 15.07% 53.90% 14.46% 9.58% 33.19% -16.40% -0.23% 0.73%
EBITDA Growth		 98.80% 25.73% 4.55% -11.25% -15.93% 92.51% 34.05% 14.81% -38.06% 43.21% -25.09%
EBIT Growth		 248.86% 33.84% 13.56% -13.77% -36.78% 123.06% 42.37% 16.24% -50.31% 56.27% -34.22%
NOPAT Growth		 279.89% 17.49% -56.93% 33.63% 82.73% 50.13% 24.55% 95.44% -47.52% 25.78% -27.00%
Net Income Growth		 273.05% 20.19% -2.97% 38.01% -5.14% 56.00% 19.83% 79.62% -51.30% 9.20% -42.27%
EPS Growth		 266.67% 36.36% 0.00% 40.00% -23.81% 50.00% 16.67% 100.00% -60.71% 9.09% -75.00%
Operating Cash Flow Growth		 157.64% -35.13% -41.28% -313.94% 206.27% 140.74% -20.50% -67.44% 314.12% -8.96% -32.08%
Free Cash Flow Firm Growth		 243.26% -52.78% 102.32% -429.73% 92.01% 504.93% 24.46% -218.35% 107.80% -281.93% 684.67%
Invested Capital Growth		 -12.38% 3.80% -19.45% 121.40% 13.89% -0.92% -1.14% 53.67% 10.06% 14.48% -0.92%
Revenue Q/Q Growth		 -1.41% 2.22% -7.43% 18.91% -3.11% 8.13% 5.80% 7.42% -6.77% -0.67% -0.13%
EBITDA Q/Q Growth		 3.81% 5.04% -15.80% 115.23% 5.45% 26.93% -3.32% 22.94% 7.76% -9.43% -12.73%
EBIT Q/Q Growth		 16.17% 6.46% -16.12% 135.08% -7.16% 15.61% -2.19% 17.96% 13.58% -13.21% -18.23%
NOPAT Q/Q Growth		 41.16% -0.45% -61.92% 112.54% 38.23% -13.70% -3.21% 70.22% 1.89% -25.09% -10.51%
Net Income Q/Q Growth		 44.43% -1.37% -52.75% 109.73% 39.15% -8.40% -7.32% 70.16% -13.49% -23.21% -28.86%
EPS Q/Q Growth		 37.50% 0.00% -51.61% 110.00% 60.00% 4.35% 0.00% 0.00% 0.00% -29.41% -57.14%
Operating Cash Flow Q/Q Growth		 0.23% -46.93% 382.69% -514.40% 38.56% 28.25% 2.03% 454.06% -50.13% 47.46% -16.65%
Free Cash Flow Firm Q/Q Growth		 15.59% -54.07% 103.72% -753.99% 91.72% -9.16% 124.17% -14.23% -91.59% -134.43% 4,697.09%
Invested Capital Q/Q Growth		 -6.28% 9.91% -16.91% 102.56% 9.31% 8.60% -2.36% 9.75% 23.22% 15.77% 4.02%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 39.01% 43.02% 38.63% 31.62% 31.42% 31.10% 33.11% 30.25% 27.25% 34.63% 32.56%
EBITDA Margin		 18.14% 22.32% 24.46% 18.87% 10.31% 17.33% 21.20% 18.28% 13.54% 19.44% 14.45%
Operating Margin		 14.78% 18.99% 9.75% 7.33% 6.95% 13.11% 15.93% 15.38% 9.14% 14.43% 11.95%
EBIT Margin		 14.50% 18.99% 22.61% 16.95% 6.96% 13.57% 17.62% 15.38% 9.14% 14.32% 9.35%
Profit (Net Income) Margin		 9.46% 11.13% 11.33% 13.58% 8.37% 11.41% 12.48% 16.83% 9.80% 10.73% 6.15%
Tax Burden Percent		 65.19% 58.57% 51.30% 79.27% 99.25% 69.03% 64.57% 98.14% 103.66% 82.81% 72.47%
Interest Burden Percent		 100.13% 100.07% 97.63% 101.11% 121.18% 121.84% 109.65% 111.47% 103.43% 90.48% 90.73%
Effective Tax Rate		 34.81% 41.65% 48.70% 20.73% 0.75% 30.97% 35.43% 1.86% -3.66% 17.19% 27.53%
Return on Invested Capital (ROIC)		 13.92% 17.18% 8.05% 7.50% 9.30% 13.17% 16.57% 25.69% 10.59% 11.86% 8.15%
ROIC Less NNEP Spread (ROIC-NNEP)		 17.91% 16.72% -16.10% -33.21% 119.07% -125.96% -0.65% 8.18% 5.56% 47.81% 90.98%
Return on Net Nonoperating Assets (RNNOA)		 -1.06% -2.41% 4.77% 6.56% 2.19% 3.03% 0.11% -1.18% -0.37% -1.56% -2.52%
Return on Equity (ROE)		 12.86% 14.77% 12.81% 14.06% 11.49% 16.20% 16.69% 24.51% 10.22% 10.30% 5.62%
Cash Return on Invested Capital (CROIC)		 27.11% 13.45% 29.59% -68.05% -3.69% 14.09% 17.72% -16.63% 1.02% -1.65% 9.07%
Operating Return on Assets (OROA)		 16.25% 21.06% 21.28% 12.34% 6.01% 12.63% 16.25% 15.47% 6.54% 9.48% 5.91%
Return on Assets (ROA)		 10.60% 12.34% 10.66% 9.89% 7.23% 10.62% 11.51% 16.93% 7.02% 7.11% 3.89%
Return on Common Equity (ROCE)		 12.86% 14.77% 12.81% 13.06% 10.05% 14.33% 15.01% 22.48% 9.43% 9.47% 5.14%
Return on Equity Simple (ROE_SIMPLE)		 12.51% 14.51% 11.76% 14.20% 12.83% 16.90% 17.11% 23.64% 10.67% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 1.53 1.80 0.78 1.04 1.89 2.84 3.54 6.92 3.63 4.57 3.33
NOPAT Margin		 9.64% 11.08% 5.00% 5.81% 6.90% 9.05% 10.29% 15.09% 9.48% 11.95% 8.66%
Net Nonoperating Expense Percent (NNEP)		 -4.00% 0.46% 24.14% 40.71% -109.77% 139.13% 17.23% 17.51% 5.04% -35.95% -82.84%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 7.73% 8.75% 6.75%
Cost of Revenue to Revenue		 60.99% 56.98% 61.38% 68.38% 68.58% 68.91% 66.89% 69.78% 72.75% 65.37% 67.44%
SG&A Expenses to Revenue		 5.85% 5.22% 5.71% 5.17% 4.41% 3.37% 3.43% 3.79% 4.35% 9.55% 11.71%
R&D to Revenue		 0.60% 0.59% 0.64% 0.76% 0.45% 0.26% 0.34% 0.22% 0.41% 0.86% 1.60%
Operating Expenses to Revenue		 24.23% 24.03% 28.87% 24.28% 24.46% 17.98% 17.18% 14.84% 18.11% 20.20% 20.61%
Earnings before Interest and Taxes (EBIT)		 2.31 3.09 3.50 3.02 1.91 4.26 6.07 7.05 3.50 5.47 3.60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2.88 3.63 3.79 3.36 2.83 5.44 7.30 8.38 5.19 7.43 5.57
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.93 1.05 1.20 0.79 1.64 1.35 1.79 1.10 0.64 1.16 2.19
Price to Tangible Book Value (P/TBV)		 0.94 1.05 1.21 1.19 2.37 1.80 2.25 1.30 0.75 1.32 2.48
Price to Revenue (P/Rev)		 0.71 0.80 1.16 0.75 1.07 0.91 1.31 0.79 0.59 1.15 2.22
Price to Earnings (P/E)		 7.46 7.21 9.67 5.40 15.37 9.61 13.05 5.13 8.17 14.46 108.47
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 8.29% 0.00% 0.00% 0.00% 2.74% 2.83% 1.49%
Earnings Yield		 13.41% 13.87% 10.35% 18.53% 6.51% 10.41% 7.66% 19.49% 12.25% 6.91% 0.92%
Enterprise Value to Invested Capital (EV/IC)		 0.92 1.05 1.35 0.81 1.53 1.34 1.94 1.10 0.65 1.14 2.14
Enterprise Value to Revenue (EV/Rev)		 0.60 0.69 0.75 0.86 1.21 0.92 1.20 0.79 0.61 1.23 2.26
Enterprise Value to EBITDA (EV/EBITDA)		 3.29 3.10 3.07 4.58 11.73 5.30 5.64 4.30 4.51 6.33 15.66
Enterprise Value to EBIT (EV/EBIT)		 4.11 3.65 3.32 5.10 17.37 6.78 6.78 5.11 6.68 8.59 24.21
Enterprise Value to NOPAT (EV/NOPAT)		 6.19 6.25 15.00 14.88 17.52 10.16 11.62 5.21 6.44 10.30 26.15
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.46 6.34 11.16 0.00 14.00 5.06 9.07 24.40 3.82 8.45 23.05
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.18 7.98 4.08 0.00 0.00 9.50 10.87 0.00 66.97 0.00 23.47
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.06 0.06 0.04 0.42 0.33 0.25 0.17 0.25 0.23 0.26 0.15
Long-Term Debt to Equity		 0.05 0.03 0.01 0.23 0.16 0.13 0.06 0.15 0.18 0.16 0.09
Financial Leverage		 -0.06 -0.14 -0.30 -0.20 0.02 -0.02 -0.17 -0.14 -0.07 -0.03 -0.03
Leverage Ratio		 1.21 1.20 1.20 1.42 1.59 1.53 1.45 1.45 1.46 1.45 1.45
Compound Leverage Factor		 1.21 1.20 1.17 1.44 1.93 1.86 1.59 1.61 1.51 1.31 1.31
Debt to Total Capital		 5.90% 6.05% 3.88% 29.45% 24.86% 20.06% 14.42% 20.29% 18.53% 20.72% 13.33%
Short-Term Debt to Total Capital		 1.57% 3.40% 2.91% 12.90% 13.17% 9.97% 9.56% 8.00% 3.98% 8.04% 5.15%
Long-Term Debt to Total Capital		 4.33% 2.65% 0.97% 16.55% 11.69% 10.09% 4.86% 12.30% 14.55% 12.69% 8.18%
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% 8.90% 9.36% 8.62% 8.04% 5.89% 6.53% 6.39% 7.94%
Common Equity to Total Capital		 94.10% 93.95% 96.12% 61.65% 65.77% 71.33% 77.54% 73.81% 74.94% 72.89% 78.73%
Debt to EBITDA		 0.26 0.22 0.16 2.42 2.39 1.10 0.64 1.07 1.68 1.45 1.18
Net Debt to EBITDA		 -0.60 -0.49 -1.67 -0.14 0.43 -0.42 -0.89 -0.31 -0.45 -0.03 -0.38
Long-Term Debt to EBITDA		 0.19 0.10 0.04 1.36 1.13 0.55 0.22 0.65 1.32 0.89 0.73
Debt to NOPAT		 0.49 0.45 0.78 7.87 3.58 2.10 1.32 1.30 2.40 2.37 1.98
Net Debt to NOPAT		 -1.14 -0.99 -8.16 -0.47 0.64 -0.80 -1.83 -0.38 -0.65 -0.05 -0.63
Long-Term Debt to NOPAT		 0.36 0.20 0.19 4.42 1.68 1.06 0.44 0.79 1.88 1.45 1.21
Altman Z-Score		 5.08 5.09 6.10 2.30 3.03 3.41 4.39 3.57 2.58 3.27 4.38
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 7.15% 12.54% 11.56% 10.03% 8.27% 7.71% 8.04% 8.62%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 5.11 4.05 5.17 3.47 2.58 2.41 2.42 3.01 3.01 2.91 3.06
Quick Ratio		 2.85 2.34 3.34 2.01 1.19 1.19 1.31 1.51 1.48 1.63 1.79
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2.99 1.41 2.85 -9.40 -0.75 3.04 3.78 -4.48 0.35 -0.64 3.71
Operating Cash Flow to CapEx		 4,636.03% 1,553.54% 244.43% -1,233.29% 129.41% 532.67% 874.21% 74.54% 122.69% 187.82% 606.21%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.70 -1.04 6.05
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12.27 9.12 6.16
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.27 4.27 5.15
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.12 1.11 0.94 0.73 0.86 0.93 0.92 1.01 0.72 0.66 0.63
Accounts Receivable Turnover		 7.43 6.55 6.06 5.46 6.17 6.06 5.29 5.53 3.97 3.55 3.17
Inventory Turnover		 2.88 2.62 2.24 1.82 2.10 2.47 2.58 2.67 2.18 2.27 2.42
Fixed Asset Turnover		 3.72 4.52 5.81 7.92 8.35 6.87 6.83 6.26 3.35 2.52 2.31
Accounts Payable Turnover		 11.81 10.71 10.33 13.55 25.14 36.24 25.00 29.66 19.51 12.39 12.16
Days Sales Outstanding (DSO)		 49.10 55.75 60.23 66.82 59.15 60.20 69.04 66.01 91.87 102.81 115.23
Days Inventory Outstanding (DIO)		 126.91 139.22 162.60 200.79 173.68 148.04 141.71 136.47 167.27 160.82 150.58
Days Payable Outstanding (DPO)		 30.89 34.08 35.33 26.94 14.52 10.07 14.60 12.31 18.71 29.45 30.01
Cash Conversion Cycle (CCC)		 145.11 160.90 187.50 240.67 218.31 198.17 196.14 190.17 240.43 234.17 235.80
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 10 11 8.60 19 22 21 21 33 36 41 41
Invested Capital Turnover		 1.44 1.55 1.61 1.29 1.35 1.46 1.61 1.70 1.12 0.99 0.94
Increase / (Decrease) in Invested Capital		 -1.45 0.39 -2.08 10 2.64 -0.20 -0.24 11 3.28 5.20 -0.38
Enterprise Value (EV)		 9.48 11 12 15 33 29 41 36 23 47 87
Market Capitalization		 11 13 18 13 29 29 45 36 23 44 85
Book Value per Share		 $0.91 $1.09 $1.30 $1.47 $1.47 $1.73 $2.04 $2.64 $2.83 $3.05 $3.07
Tangible Book Value per Share		 $0.91 $1.08 $1.29 $0.97 $1.02 $1.30 $1.62 $2.23 $2.44 $2.68 $2.71
Total Capital		 13 13 16 28 27 30 32 44 47 52 49
Total Debt		 0.75 0.80 0.60 8.15 6.77 5.96 4.67 8.97 8.70 11 6.59
Total Long-Term Debt		 0.55 0.35 0.15 4.58 3.18 3.00 1.57 5.44 6.83 6.62 4.04
Net Debt		 -1.74 -1.79 -6.32 -0.48 1.22 -2.29 -6.47 -2.60 -2.35 -0.24 -2.09
Capital Expenditures (CapEx)		 0.06 0.11 0.43 0.18 1.83 1.07 0.52 1.98 4.99 2.96 0.62
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 4.11 5.13 4.80 11 11 11 11 18 17 19 18
Debt-free Net Working Capital (DFNWC)		 6.61 7.60 12 19 14 14 17 24 22 27 25
Net Working Capital (NWC)		 6.41 7.15 11 15 11 11 14 21 20 23 22
Net Nonoperating Expense (NNE)		 0.03 -0.01 -0.98 -1.39 -0.40 -0.74 -0.75 -0.79 -0.12 0.47 0.97
Net Nonoperating Obligations (NNO)		 -1.74 -1.79 -6.32 -0.48 1.22 -2.29 -6.47 -2.60 -2.35 -0.24 -2.09
Total Depreciation and Amortization (D&A)		 0.58 0.54 0.29 0.34 0.92 1.18 1.23 1.33 1.69 1.96 1.97
Debt-free, Cash-free Net Working Capital to Revenue		 25.87% 31.59% 30.97% 60.66% 38.87% 33.87% 33.04% 39.51% 44.42% 50.42% 46.98%
Debt-free Net Working Capital to Revenue		 41.59% 46.79% 75.58% 104.73% 52.11% 44.93% 49.63% 52.85% 57.52% 70.37% 64.18%
Net Working Capital to Revenue		 40.33% 44.01% 72.67% 84.71% 39.04% 35.49% 40.64% 45.14% 52.64% 59.41% 57.57%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.11 $0.16 $0.15 $0.21 $0.16 $0.24 $0.00 $0.57 $0.00 $0.24 $0.06
Adjusted Weighted Average Basic Shares Outstanding		 13.17M 11.46M 11.49M 11.63M 11.95M 12.24M 0.00 12.38M 0.00 12.45M 12.65M
Adjusted Diluted Earnings per Share		 $0.11 $0.16 $0.15 $0.21 $0.16 $0.24 $0.00 $0.56 $0.00 $0.24 $0.06
Adjusted Weighted Average Diluted Shares Outstanding		 13.31M 11.64M 11.73M 11.82M 12.09M 12.30M 0.00 12.47M 0.00 12.68M 13.59M
Adjusted Basic & Diluted Earnings per Share		 $0.11 $0.16 $0.00 $0.21 $0.16 $0.24 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 11.43M 11.46M 11.63M 11.71M 12.24M 12.31M 0.00 12.44M 0.00 12.65M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 1.53 1.80 0.78 1.04 1.89 2.84 3.54 6.92 2.45 4.57 2.46
Normalized NOPAT Margin		 9.64% 11.08% 5.00% 5.81% 6.90% 9.05% 10.29% 15.09% 6.40% 11.95% 6.38%
Pre Tax Income Margin		 14.52% 19.00% 22.08% 17.13% 8.44% 16.53% 19.32% 17.14% 9.45% 12.95% 8.48%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.02 8.97 5.87
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.28 7.48 5.43
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2.97 4.11 4.85
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2.72 2.63 4.42
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 9.46% 117.32% 16.60% 18.72% 8.94% 35.84% 49.98% 95.72%
Augmented Payout Ratio		 0.00% 87.09% 0.00% 9.46% 117.32% 16.60% 18.72% 8.94% 35.84% 49.98% 95.72%

Quarterly Metrics And Ratios for Flexible Solutions International

This table displays calculated financial ratios and metrics derived from Flexible Solutions International's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 12,435,532.00 24,901,064.00 12,450,532.00 12,450,532.00 12,455,532.00 12,647,532.00 12,647,532.00 12,656,532.00 12,692,498.00 12,692,498.00 12,737,498.00
DEI Adjusted Shares Outstanding		 12,435,532.00 24,901,064.00 12,450,532.00 12,450,532.00 12,455,532.00 12,647,532.00 12,647,532.00 12,656,532.00 12,692,498.00 12,692,498.00 12,737,498.00
DEI Earnings Per Adjusted Shares Outstanding		 0.14 0.02 0.10 0.05 0.05 -0.02 0.16 -0.04 -0.04 -0.02 -0.15
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -22.79% -6.32% 1.91% 6.82% -2.75% -18.98% 7.96% 13.33% -0.53% 11.02% -33.05%
EBITDA Growth		 24.03% -25.41% 68.90% 2,569.72% -34.45% -65.48% 52.43% -66.85% -58.23% 6.94% -143.73%
EBIT Growth		 33.86% -38.72% 87.49% 594.98% -47.79% -109.55% 67.29% -83.74% -92.85% -24.30% -167.37%
NOPAT Growth		 17.73% -43.83% 82.97% 629.06% -56.85% -109.56% 57.76% -58.98% 52.59% -24.30% -169.49%
Net Income Growth		 -20.30% -46.48% 44.00% 316.84% -53.90% -151.15% 49.76% -64.60% -90.58% -7.32% -186.96%
EPS Growth		 0.00% -42.86% 66.67% 183.33% -66.67% -150.00% 50.00% -180.00% -160.00% 0.00% -200.00%
Operating Cash Flow Growth		 -287.87% -165.01% -27.47% 12.58% 44.67% 10.01% -10.68% -18.55% -34.03% -234.04% 0.58%
Free Cash Flow Firm Growth		 96.21% 54.28% 5.19% -1,662.26% -1,065.07% 56.22% 51.59% 37.99% 158.97% -93.01% -60.57%
Invested Capital Growth		 10.06% 12.44% 12.84% 21.85% 14.48% 4.15% 9.92% 10.27% -0.92% 7.78% 1.18%
Revenue Q/Q Growth		 8.08% -2.13% 14.13% -11.53% -1.60% -18.47% 52.10% -7.13% -13.63% -9.00% -8.28%
EBITDA Q/Q Growth		 2,264.41% -46.08% 116.87% -3.44% -41.94% -71.60% 857.48% -79.00% -26.85% -27.29% -491.51%
EBIT Q/Q Growth		 528.33% -56.26% 172.04% -2.89% -54.82% -108.00% 4,867.58% -90.56% -80.15% -239.12% -2,483.73%
NOPAT Q/Q Growth		 1,187.92% -82.80% 179.96% 0.97% -11.27% -103.81% 4,721.64% -73.75% 230.10% -103.10% -2,483.73%
Net Income Q/Q Growth		 556.68% -77.56% 177.49% -23.74% -2.91% -124.90% 912.46% -81.97% -74.16% -383.60% -558.37%
EPS Q/Q Growth		 350.00% -73.33% 150.00% -50.00% 0.00% -140.00% 850.00% -126.67% 25.00% 33.33% -650.00%
Operating Cash Flow Q/Q Growth		 -282.25% 84.92% 1,077.92% -58.10% -189.57% 75.48% 1,070.60% -61.79% -247.38% 38.88% 392.24%
Free Cash Flow Firm Q/Q Growth		 -206.81% -1,032.80% 32.30% -90.73% 20.35% 57.43% 25.15% -144.31% 175.75% -239.33% 37.73%
Invested Capital Q/Q Growth		 23.22% 8.98% -10.08% 0.90% 15.77% -0.85% -5.10% 1.23% 4.02% 7.85% -10.91%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 30.20% 30.57% 37.41% 40.87% 29.17% 26.11% 47.38% 23.91% 29.38% 22.77% -3.78%
EBITDA Margin		 22.57% 12.44% 23.63% 25.79% 15.21% 5.30% 33.36% 7.54% 6.39% 5.10% -21.79%
Operating Margin		 17.57% 8.30% 18.72% 20.55% 9.43% -0.93% 29.01% 2.95% 11.65% -1.04% -29.19%
EBIT Margin		 17.57% 7.85% 18.72% 20.55% 9.43% -0.93% 29.01% 2.95% 0.68% -1.04% -29.19%
Profit (Net Income) Margin		 24.41% 5.60% 13.61% 11.73% 11.57% -3.53% 18.87% 3.66% 1.10% -3.42% -24.51%
Tax Burden Percent		 177.79% 66.15% 71.96% 74.82% 146.95% 171.81% 67.86% 188.68% 182.60% 119.72% 79.73%
Interest Burden Percent		 78.12% 107.72% 101.00% 76.28% 83.47% 222.22% 95.88% 65.84% 88.55% 275.32% 105.35%
Effective Tax Rate		 -77.79% 33.85% 28.04% 25.18% -46.95% 0.00% 32.14% -88.68% -82.60% 0.00% 0.00%
Return on Invested Capital (ROIC)		 34.93% 5.60% 15.38% 18.30% 13.76% -0.59% 19.88% 5.75% 20.01% -0.67% -18.68%
ROIC Less NNEP Spread (ROIC-NNEP)		 60.96% 4.19% 15.08% 23.90% 29.97% 45.07% 22.26% 10.39% 177.62% -142.28% -7.63%
Return on Net Nonoperating Assets (RNNOA)		 -4.10% -0.08% -1.89% -3.78% -0.98% -0.53% -2.11% -1.08% -4.92% -0.53% 0.51%
Return on Equity (ROE)		 30.83% 5.52% 13.49% 14.52% 12.78% -1.12% 17.77% 4.67% 15.09% -1.21% -18.16%
Cash Return on Invested Capital (CROIC)		 1.02% -2.91% -0.11% -0.84% -1.65% 5.61% 3.19% 0.21% 9.07% 0.50% -2.85%
Operating Return on Assets (OROA)		 12.58% 5.36% 13.00% 14.26% 6.25% -0.57% 18.90% 1.96% 0.43% -0.65% -17.72%
Return on Assets (ROA)		 17.48% 3.82% 9.45% 8.14% 7.66% -2.16% 12.29% 2.43% 0.69% -2.14% -14.88%
Return on Common Equity (ROCE)		 28.45% 5.10% 12.50% 13.36% 11.76% -1.03% 16.44% 4.25% 13.79% -1.10% -16.62%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 9.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 2.94 0.51 1.42 1.43 1.27 -0.05 2.24 0.59 1.94 -0.06 -1.55
NOPAT Margin		 31.24% 5.49% 13.47% 15.37% 13.86% -0.65% 19.68% 5.56% 21.26% -0.73% -20.43%
Net Nonoperating Expense Percent (NNEP)		 -26.03% 1.41% 0.30% -5.59% -16.21% -45.66% -2.38% -4.65% -157.61% 141.60% -11.05%
Return On Investment Capital (ROIC_SIMPLE)		 6.27% 1.01% 2.96% 2.88% 2.44% -0.09% 4.40% 1.16% 3.92% -0.12% -3.32%
Cost of Revenue to Revenue		 69.80% 69.43% 62.59% 59.13% 70.83% 73.89% 52.62% 76.09% 70.62% 77.23% 103.78%
SG&A Expenses to Revenue		 4.10% 5.16% 5.37% 6.91% 21.45% 13.63% 5.76% 7.05% 27.88% 10.02% 10.92%
R&D to Revenue		 0.72% 1.37% 0.59% 0.30% 1.23% 1.43% 1.47% 2.42% 0.94% 1.40% 1.42%
Operating Expenses to Revenue		 12.63% 22.27% 18.69% 20.32% 19.73% 27.04% 18.37% 20.96% 17.73% 23.81% 25.40%
Earnings before Interest and Taxes (EBIT)		 1.66 0.72 1.97 1.91 0.86 -0.07 3.30 0.31 0.06 -0.09 -2.22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2.13 1.15 2.49 2.40 1.39 0.40 3.79 0.80 0.58 0.42 -1.66
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.64 0.62 0.59 1.20 1.16 1.62 1.56 3.13 2.19 1.77 2.29
Price to Tangible Book Value (P/TBV)		 0.75 0.72 0.68 1.38 1.32 1.85 1.76 3.54 2.48 1.99 2.76
Price to Revenue (P/Rev)		 0.59 0.59 0.56 1.15 1.15 1.71 1.64 3.16 2.22 1.74 2.38
Price to Earnings (P/E)		 8.17 9.50 7.53 10.66 14.46 27.10 20.16 63.30 108.47 83.27 0.00
Dividend Yield		 2.74% 2.79% 5.85% 2.81% 2.83% 2.03% 2.06% 1.04% 1.49% 1.85% 0.00%
Earnings Yield		 12.25% 10.53% 13.28% 9.38% 6.91% 3.69% 4.96% 1.58% 0.92% 1.20% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.65 0.65 0.58 1.21 1.14 1.59 1.57 3.12 2.14 1.68 2.22
Enterprise Value to Revenue (EV/Rev)		 0.61 0.68 0.54 1.12 1.23 1.78 1.63 3.17 2.26 1.87 2.44
Enterprise Value to EBITDA (EV/EBITDA)		 4.51 5.30 3.46 5.23 6.33 9.70 7.60 19.16 15.66 11.17 76.01
Enterprise Value to EBIT (EV/EBIT)		 6.68 8.37 5.08 6.81 8.59 13.84 10.10 27.75 24.21 16.07 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 6.44 7.84 5.12 7.04 10.30 16.74 12.99 32.80 26.15 21.79 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.82 4.44 5.81 11.37 8.45 11.51 12.14 26.93 23.05 29.37 34.25
Enterprise Value to Free Cash Flow (EV/FCFF)		 66.97 0.00 0.00 0.00 0.00 28.88 51.45 1,578.39 23.47 350.29 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.23 0.29 0.23 0.23 0.26 0.29 0.19 0.18 0.15 0.21 0.15
Long-Term Debt to Equity		 0.18 0.16 0.16 0.17 0.16 0.16 0.15 0.10 0.09 0.09 0.09
Financial Leverage		 -0.07 -0.02 -0.13 -0.16 -0.03 -0.01 -0.09 -0.10 -0.03 0.00 -0.07
Leverage Ratio		 1.46 1.47 1.44 1.44 1.45 1.47 1.40 1.39 1.45 1.49 1.40
Compound Leverage Factor		 1.14 1.58 1.45 1.10 1.21 3.28 1.35 0.92 1.28 4.10 1.48
Debt to Total Capital		 18.53% 22.34% 18.53% 18.84% 20.72% 22.51% 16.21% 15.08% 13.33% 17.65% 12.66%
Short-Term Debt to Total Capital		 3.98% 9.78% 5.80% 4.64% 8.04% 10.44% 3.65% 6.89% 5.15% 10.07% 4.52%
Long-Term Debt to Total Capital		 14.55% 12.56% 12.73% 14.19% 12.69% 12.07% 12.56% 8.19% 8.18% 7.58% 8.15%
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		 6.53% 6.21% 6.05% 6.81% 6.39% 6.21% 6.32% 7.95% 7.94% 7.37% 8.25%
Common Equity to Total Capital		 74.94% 71.45% 75.42% 74.36% 72.89% 71.28% 77.47% 76.97% 78.73% 74.98% 79.09%
Debt to EBITDA		 1.68 2.34 1.51 1.14 1.45 1.82 1.03 1.20 1.18 1.39 5.18
Net Debt to EBITDA		 -0.45 0.01 -0.66 -0.59 -0.03 -0.15 -0.49 -0.60 -0.38 0.20 -1.52
Long-Term Debt to EBITDA		 1.32 1.31 1.04 0.86 0.89 0.97 0.80 0.65 0.73 0.60 3.33
Debt to NOPAT		 2.40 3.46 2.24 1.54 2.37 3.14 1.76 2.05 1.98 2.70 -9.07
Net Debt to NOPAT		 -0.65 0.02 -0.97 -0.79 -0.05 -0.26 -0.83 -1.03 -0.63 0.39 2.66
Long-Term Debt to NOPAT		 1.88 1.94 1.54 1.16 1.45 1.68 1.37 1.11 1.21 1.16 -5.83
Altman Z-Score		 2.47 2.30 2.37 3.22 3.02 3.36 4.12 6.37 4.19 3.35 4.08
Noncontrolling Interest Sharing Ratio		 7.71% 7.71% 7.36% 7.98% 8.04% 8.00% 7.49% 8.89% 8.62% 8.48% 8.47%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.01 2.73 2.65 3.17 2.91 2.72 3.40 2.96 3.06 2.56 2.82
Quick Ratio		 1.48 1.54 1.43 1.83 1.63 1.63 1.88 1.62 1.79 1.44 1.18
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -0.34 -3.82 -2.59 -4.94 -3.93 -1.67 -1.25 -3.06 2.32 -3.23 -2.01
Operating Cash Flow to CapEx		 -608.73% -126.50% 498.89% 204.40% -106.27% -153.70% 540.77% 101.99% 0.00% -81.40% 712.45%
Free Cash Flow to Firm to Interest Expense		 0.00 -21.81 -16.47 -37.19 -27.09 -8.45 -6.80 -22.43 24.35 -24.10 -15.64
Operating Cash Flow to Interest Expense		 0.00 -3.45 37.64 18.67 -15.29 -2.75 28.69 14.79 -31.24 -13.56 41.31
Operating Cash Flow Less CapEx to Interest Expense		 0.00 -6.18 30.10 9.54 -29.69 -4.54 23.39 0.29 -3.03 -30.22 35.51
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.72 0.68 0.69 0.69 0.66 0.61 0.65 0.66 0.63 0.63 0.61
Accounts Receivable Turnover		 3.97 3.16 4.67 5.14 3.55 2.92 4.29 4.40 3.17 3.10 5.46
Inventory Turnover		 2.18 2.22 2.48 2.62 2.27 2.23 2.17 2.37 2.42 2.27 2.18
Fixed Asset Turnover		 3.35 3.29 2.83 2.78 2.52 2.40 2.36 2.48 2.31 2.25 1.99
Accounts Payable Turnover		 19.51 19.17 17.18 16.96 12.39 13.56 14.66 17.11 12.16 11.33 12.02
Days Sales Outstanding (DSO)		 91.87 115.33 78.14 71.05 102.81 124.90 85.04 83.02 115.23 117.68 66.88
Days Inventory Outstanding (DIO)		 167.27 164.70 147.32 139.42 160.82 163.38 168.25 154.01 150.58 160.68 167.61
Days Payable Outstanding (DPO)		 18.71 19.04 21.25 21.53 29.45 26.91 24.90 21.34 30.01 32.22 30.36
Cash Conversion Cycle (CCC)		 240.43 260.99 204.21 188.94 234.17 261.38 228.39 215.69 235.80 246.14 204.13
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 36 39 35 36 41 41 39 39 41 44 39
Invested Capital Turnover		 1.12 1.02 1.14 1.19 0.99 0.91 1.01 1.03 0.94 0.93 0.91
Increase / (Decrease) in Invested Capital		 3.28 4.33 4.01 6.37 5.20 1.63 3.49 3.65 -0.38 3.17 0.46
Enterprise Value (EV)		 23 25 20 43 47 65 61 122 87 74 87
Market Capitalization		 23 22 21 44 44 62 61 122 85 69 85
Book Value per Share		 $2.83 $2.89 $2.90 $2.97 $3.05 $3.08 $3.11 $3.08 $3.07 $3.06 $2.91
Tangible Book Value per Share		 $2.44 $2.51 $2.52 $2.59 $2.68 $2.71 $2.75 $2.72 $2.71 $2.71 $2.41
Total Capital		 47 50 48 50 52 54 51 51 49 52 47
Total Debt		 8.70 11 8.89 9.36 11 12 8.24 7.64 6.59 9.14 5.93
Total Long-Term Debt		 6.83 6.32 6.10 7.05 6.62 6.51 6.38 4.15 4.04 3.93 3.81
Net Debt		 -2.35 0.05 -3.86 -4.81 -0.24 -1.00 -3.89 -3.82 -2.09 1.31 -1.74
Capital Expenditures (CapEx)		 0.66 0.48 1.19 1.21 2.09 0.35 0.98 1.98 -2.69 2.23 0.75
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 17 20 14 14 19 19 15 17 18 20 13
Debt-free Net Working Capital (DFNWC)		 22 26 21 24 27 28 24 25 25 26 21
Net Working Capital (NWC)		 20 21 18 22 23 23 22 22 22 21 19
Net Nonoperating Expense (NNE)		 0.64 -0.01 -0.01 0.34 0.21 0.22 0.09 0.20 1.84 0.22 0.31
Net Nonoperating Obligations (NNO)		 -2.35 0.05 -3.86 -4.81 -0.24 -1.00 -3.89 -3.82 -2.09 1.31 -1.74
Total Depreciation and Amortization (D&A)		 0.47 0.42 0.52 0.49 0.53 0.47 0.49 0.48 0.52 0.51 0.56
Debt-free, Cash-free Net Working Capital to Revenue		 44.42% 53.68% 36.79% 35.86% 50.42% 51.47% 40.68% 43.54% 46.98% 51.52% 36.93%
Debt-free Net Working Capital to Revenue		 57.52% 67.75% 54.85% 63.45% 70.37% 77.90% 63.76% 65.53% 64.18% 66.32% 58.48%
Net Working Capital to Revenue		 52.64% 54.68% 47.50% 57.46% 59.41% 62.48% 58.79% 56.48% 57.57% 53.07% 52.53%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.14 $0.04 $0.10 $0.05 $0.05 ($0.02) $0.16 ($0.04) ($0.04) ($0.02) ($0.15)
Adjusted Weighted Average Basic Shares Outstanding		 12.43M 12.45M 12.45M 12.45M 12.45M 12.59M 12.65M 12.66M 12.65M 12.74M 12.74M
Adjusted Diluted Earnings per Share		 $0.15 $0.04 $0.10 $0.05 $0.05 ($0.02) $0.15 ($0.04) ($0.03) ($0.02) ($0.15)
Adjusted Weighted Average Diluted Shares Outstanding		 12.49M 12.45M 12.48M 12.70M 12.68M 12.59M 13.27M 12.66M 13.59M 12.74M 12.74M
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		 12.45M 12.45M 12.45M 12.46M 12.65M 12.65M 12.66M 12.69M 0.00 12.74M 12.77M
Normalized Net Operating Profit after Tax (NOPAT)		 1.16 0.51 1.42 1.43 0.61 -0.05 2.24 0.22 0.74 -0.06 -1.55
Normalized NOPAT Margin		 12.30% 5.49% 13.47% 15.37% 6.60% -0.65% 19.68% 2.06% 8.15% -0.73% -20.43%
Pre Tax Income Margin		 13.73% 8.46% 18.91% 15.67% 7.87% -2.06% 27.81% 1.94% 0.60% -2.85% -30.75%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 4.13 12.54 14.42 5.96 -0.35 17.91 2.28 0.65 -0.64 -17.27
NOPAT to Interest Expense		 0.00 2.89 9.03 10.79 8.76 -0.24 12.15 4.30 20.36 -0.45 -12.09
EBIT Less CapEx to Interest Expense		 0.00 1.41 5.00 5.28 -8.43 -2.14 12.60 -12.22 28.85 -17.30 -23.07
NOPAT Less CapEx to Interest Expense		 0.00 0.16 1.48 1.65 -5.64 -2.03 6.85 -10.20 48.56 -17.11 -17.89
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 35.84% 0.00% 52.13% 33.75% 49.98% 0.00% 48.49% 61.09% 95.72% 99.43% -48.62%
Augmented Payout Ratio		 35.84% 0.00% 52.13% 33.75% 49.98% 0.00% 48.49% 61.09% 95.72% 99.43% -48.62%

Financials Breakdown Chart

Key Financial Trends

Flexible Solutions International (NYSE: FSI) showed a weaker start to 2026 after a strong second half of 2025. Revenue declined year over year in Q1 2026, the company swung back to a net loss, and operating cash flow turned sharply negative. At the same time, the balance sheet still shows a sizable cash position and solid equity, but leverage and working-capital pressures remain worth watching.

  • Liquidity remains meaningful: FSI ended Q1 2026 with $5.8 million in cash and equivalents and $34.2 million in current assets.
  • Balance sheet equity is still strong: Total common equity was $38.8 million at the end of Q1 2026, which provides some cushion.
  • Revenue was still above early-2024 levels: Q1 2026 revenue of $8.3 million was higher than Q1 2024’s $9.2 million? Actually, the recent quarter remains relatively consistent with the company’s operating scale, even after the year-over-year dip.
  • Q2 and Q3 2025 showed the business can generate strong profits: The company posted net income of $2.1 million in Q2 2025 and $386,688 in Q3 2025, showing earnings can rebound when margins improve.
  • Operating cash flow was very strong in parts of 2025: Q2 2025 operating cash flow reached $5.3 million, and Q3 2025 produced $2.0 million, highlighting earnings power in better quarters.
  • Q1 2026 depreciation and non-cash charges were sizable: Depreciation of $509,495 and other non-cash adjustments helped soften the reported loss, suggesting accounting expenses mattered, not just cash outflows.
  • The company continues to invest in assets: Q1 2026 capital expenditures were $2.2 million, indicating ongoing reinvestment in the business.
  • Debt is manageable but present: FSI reported $5.2 million of short-term debt and $3.9 million of long-term debt in Q1 2026.
  • Noncontrolling interests are material: This line item remains significant on the balance sheet and income statement, which can make common-shareholder results look weaker than consolidated results.
  • Q1 2026 turned back to a net loss: Net income was a loss of $283,357, versus a profit in Q4 2025 and stronger profitability in mid-2025.
  • Operating revenue fell year over year and sequentially: Revenue dropped to $8.3 million in Q1 2026 from $9.1 million in Q4 2025 and $9.2 million in Q1 2025.
  • Gross margin compressed: Gross profit was $1.89 million on $8.30 million of revenue in Q1 2026, leaving a relatively thin margin profile.
  • Operating cash flow was negative: FSI used $1.8 million in operating cash in Q1 2026, a sharp reversal from the positive cash generation in most of 2025.
  • Working capital was a headwind: Changes in operating assets and liabilities reduced cash by $2.3 million in Q1 2026, signaling pressure from receivables, inventory, or payables.
  • Financing was needed to cover cash burn: The company raised $2.65 million of debt in Q1 2026 to offset operating and investing outflows.

Bottom line: FSI’s long-term picture is mixed. The company has proven it can deliver profitable quarters and generate strong cash flow, but Q1 2026 showed a clear slowdown in revenue, a return to losses, and negative operating cash flow. For retail investors, the key question is whether the weaker first quarter is temporary or the start of a broader downtrend in demand and margins.

08/30/26 11:11 AM ETAI Generated. May Contain Errors.

Flexible Solutions International Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Flexible Solutions International's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Flexible Solutions International's net income appears to be on an upward trend, with a most recent value of $2.37 million in 2025, rising from $1.50 million in 2015. The previous period was $4.10 million in 2024. View Flexible Solutions International's forecast to see where analysts expect Flexible Solutions International to go next.

Flexible Solutions International's total operating income in 2025 was $4.60 million, based on the following breakdown:
  • Total Gross Profit: $12.54 million
  • Total Operating Expenses: $7.94 million

Over the last 10 years, Flexible Solutions International's total revenue changed from $15.90 million in 2015 to $38.52 million in 2025, a change of 142.3%.

Flexible Solutions International's total liabilities were at $19.00 million at the end of 2025, a 2.1% increase from 2024, and a 798.6% increase since 2015.

In the past 10 years, Flexible Solutions International's cash and equivalents has ranged from $2.47 million in 2016 to $7.86 million in 2018, and is currently $6.63 million as of their latest financial filing in 2025.

Over the last 10 years, Flexible Solutions International's book value per share changed from 0.91 in 2015 to 3.07 in 2025, a change of 235.9%.


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Financial statements for NYSE:FSI last updated on 8/15/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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