NASDAQ · Financial Statements

Flex Ltd. (FLEX) Financial Statements

$76.55 NASDAQ: FLEX Market Cap $28.28B

Flex Ltd. most recently reported annual revenue of $27.9B, net profit of $880.0M. Revenue grew at an average annual rate of 3.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Flex Ltd.: Revenue rose from $23.9B in 2017 to $27.9B in 2026, a change of +17.0% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 2.1% to 5.4%, a shift of +3.3 percentage points; the most recent year shows net profit of $880.0M.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$23.9B$25.4B$26.2B$24.2B$24.1B$24.6B$28.5B$26.4B$25.8B$27.9B
Operating Expenses$23.4B$24.9B$25.7B$23.8B$23.3B$23.7B$27.5B$25.6B$24.6B$26.4B
Operating Profit$502.0M$498.0M$491.0M$415.0M$795.0M$890.0M$1.0B$853.0M$1.2B$1.5B
Operating Margin2.1%2.0%1.9%1.7%3.3%3.6%3.6%3.2%4.5%5.4%
Other Income$-131.0M$23.0M$-309.0M$-256.0M$-81.0M$74.0M$-210.0M$-187.0M$-146.0M$-363.0M
Interest$108.0M$123.0M$146.0M$146.0M$150.0M$160.0M$191.0M$161.0M$218.0M$215.0M
Depreciation$610.0M$555.0M$765.0M$626.0M$569.0M$484.0M$501.0M$537.0M$539.0M$563.0M
Profit Before Tax$371.0M$521.0M$182.0M$159.0M$714.0M$964.0M$807.0M$666.0M$1.0B$1.1B
Tax$13.8M$17.7M$48.9M$44.6M$14.2M$9.5M$15.4M$-30.9M$18.1M$23.0M
Net Profit$320.0M$429.0M$93.0M$88.0M$613.0M$936.0M$793.0M$1.0B$838.0M$880.0M
EPS$0.59$0.80$0.18$0.17$1.21$1.94$1.72$2.28$2.11$2.33
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$6.9B$6.4B$4.5B$6.3B$6.5B$6.6B$6.4B$6.6B$6.8B$7.1B$7.5B$7.9B
Operating Expenses$6.7B$6.2B$4.7B$6.1B$6.2B$6.2B$6.1B$6.3B$6.5B$6.7B$7.1B$7.5B
Operating Profit$281.0M$198.0M$-162.0M$233.0M$297.0M$334.0M$305.0M$311.0M$296.0M$400.0M$425.0M$392.0M
Operating Margin4.0%3.1%-3.6%3.7%4.5%5.1%4.8%4.7%4.3%5.7%5.7%4.9%
Interest$38.0M$39.0M$52.0M$43.0M$46.0M$50.0M$52.0M$45.0M$52.0M$58.0M$60.0M$60.0M
Profit Before Tax$233.0M$152.0M$-205.0M$192.0M$264.0M$288.0M$279.0M$246.0M$262.0M$320.0M$315.0M$377.0M
Tax$13.7M$15.1M$110.7M$27.6M$18.9M$8.7M$20.4M$21.9M$24.1M$25.3M$20.6M$24.4M
Net Profit$228.0M$197.0M$395.0M$139.0M$214.0M$263.0M$222.0M$192.0M$199.0M$239.0M$250.0M$285.0M
EPS$0.51$0.45$0.93$0.34$0.54$0.67$0.57$0.50$0.52$0.64$0.67$0.76

Over the 10 years reported for Flex Ltd., borrowings increased from $3.0B in 2017 to $4.3B in 2026, cash stood at $2.4B in the latest year, shareholders' equity was $3.3B, current assets covered current liabilities 1.36 times.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$12.6B$13.7B$13.5B$13.7B$15.8B$19.3B$21.4B$18.3B$18.4B$22.1B
Current Assets$8.4B$9.2B$9.1B$9.1B$11.4B$14.3B$16.0B$13.0B$12.8B$16.3B
Cash$1.8B$1.5B$1.7B$1.9B$2.6B$3.0B$3.2B$2.5B$2.3B$2.4B
Inventory$3.4B$3.8B$3.7B$3.8B$3.9B$6.6B$7.4B$6.2B$5.1B$5.8B
Receivables$2.2B$2.5B$2.8B$2.7B$4.2B$3.9B$3.7B$3.3B$4.3B$5.7B
Fixed Assets$2.3B$2.2B$2.3B$2.8B$2.7B$2.8B$2.9B$2.9B$2.9B$3.2B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$108.0M$131.0M$115.0M$123.0M$119.0M$0
Other Assets$985.0M$1.1B$1.1B$1.1B$1.1B$1.3B$1.1B$1.1B$1.3B$1.4B
Total Liabilities$9.9B$10.7B$10.5B$10.9B$12.4B$15.1B$15.7B$12.9B$13.4B$16.9B
Current Liabilities$6.5B$7.3B$7.6B$7.2B$7.8B$10.7B$10.9B$8.5B$9.8B$12.0B
Borrowings$3.0B$2.9B$3.1B$3.4B$4.3B$4.7B$4.2B$3.9B$4.1B$4.3B
Other Liabilities$7.0B$7.8B$7.5B$7.5B$8.1B$10.4B$11.5B$9.0B$9.2B$12.6B
Equity$6.7B$6.6B$6.5B$6.3B$6.2B$6.1B$6.5B$5.1B$4.1B$3.3B
Reserves$2.6B$3.0B$3.0B$2.8B$3.4B$4.1B$5.4B$5.3B$5.0B$5.1B

For Flex Ltd., operating cash flow was positive in 8 of 10 reported years; free cash flow in the latest year was $1.1B; free cash flow was positive in 7 of 10 years; financing activities used $958.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$1.1B$754.0M$-3.0B$-1.5B$144.0M$1.0B$950.0M$1.3B$1.5B$1.7B
Investing Cash Flow$-1.2B$-1.5B$2.5B$1.8B$-553.0M$-1.4B$-1.2B$-1.0B$-1.3B$-1.3B
Financing Cash Flow$-413.0M$-133.0M$-169.0M$-262.0M$-180.0M$-683.0M$-386.0M$-1.2B$-1.3B$-958.0M
Net Cash Flow$223.0M$-358.0M$224.0M$226.0M$714.0M$327.0M$330.0M$-820.0M$-185.0M$100.0M
Free Cash Flow$625.0M$192.0M$-3.7B$-2.0B$-207.0M$581.0M$315.0M$796.0M$1.1B$1.1B

Valuation & Return Ratios

MetricValue
PEG Ratio3.35
EV / EBITDA23.72
FCF Yield2.54%
Quick Ratio0.89
Interest Coverage6.58
Return 1Y19.65%
Return 3Y325.69%
Return 5Y517.57%

Flex Ltd. (FLEX) financials — frequently asked questions

What is Flex Ltd.'s annual revenue?

Flex Ltd. (FLEX) reported annual revenue of $27.9B in its most recent fiscal year.

What is Flex Ltd.'s net profit?

Flex Ltd. (FLEX) reported net profit of $880.0M in its most recent fiscal year.

What is FLEX EV/EBITDA?

Flex Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is 23.72.

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