NASDAQ · Financial Statements

Flexsteel Industries, Inc. (FLXS) Financial Statements

$82.55 NASDAQ: FLXS Market Cap $442.10M

Flexsteel Industries, Inc. most recently reported annual revenue of $459.0M, net profit of $33.0M. Revenue declined at an average annual rate of 0.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Flexsteel Industries, Inc.: Revenue fell from $469.0M in 2017 to $459.0M in 2026, a change of -2.1% over 9 years; net profit was positive in 8 of 10 reported years; operating margin moved from 8.0% to 9.3%, a shift of +1.3 percentage points; the most recent year shows net profit of $33.0M.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$469.0M$489.0M$444.0M$367.0M$479.0M$544.0M$394.0M$413.0M$441.0M$459.0M
Operating Expenses$432.0M$465.0M$487.0M$401.0M$448.0M$538.0M$383.0M$396.0M$414.0M$417.0M
Operating Profit$37.0M$25.0M$-43.0M$-34.0M$31.0M$7.0M$11.0M$17.0M$27.0M$43.0M
Operating Margin8.0%5.0%-9.7%-9.4%6.5%1.2%2.7%4.1%6.0%9.3%
Other Income$0$1.0M$1.0M$1.0M$0$-1.0M$-1.0M$-2.0M$0$1.0M
Interest$0$0$0$0$0$1.0M$1.0M$2.0M$0$0
Depreciation$8.0M$7.0M$7.0M$8.0M$5.0M$5.0M$5.0M$4.0M$4.0M$4.0M
Profit Before Tax$38.0M$25.0M$-43.0M$-34.0M$31.0M$6.0M$9.0M$16.0M$27.0M$44.0M
Tax$36.7M$29.7M$23.5M$20.5M$26.8M$68.6M$-60.3M$32.3M$25.3M$24.4M
Net Profit$24.0M$18.0M$-33.0M$-27.0M$23.0M$2.0M$15.0M$11.0M$20.0M$33.0M
EPS$3.02$2.23$-4.13$-3.37$3.09$0.28$2.74$1.91$3.55$6.07
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$95.0M$100.0M$107.0M$111.0M$104.0M$108.0M$114.0M$115.0M$110.0M$118.0M$115.0M$115.0M
Operating Expenses$93.0M$96.0M$104.0M$103.0M$98.0M$97.0M$119.0M$101.0M$101.0M$109.0M$107.0M$99.0M
Operating Profit$2.0M$5.0M$3.0M$8.0M$6.0M$12.0M$-5.0M$14.0M$9.0M$9.0M$8.0M$16.0M
Operating Margin2.0%4.6%2.8%6.8%5.8%10.7%-4.4%12.2%8.1%7.6%7.1%14.2%
Interest$1.0M$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$1.0M$4.0M$3.0M$7.0M$6.0M$12.0M$-5.0M$14.0M$9.0M$9.0M$9.0M$17.0M
Tax$44.2M$25.5M$32.2M$33.9M$30.9M$22.4M$24.5M$25.0M$21.9M$28.9M$24.9M$23.0M
Net Profit$1.0M$3.0M$2.0M$5.0M$4.0M$9.0M$-4.0M$11.0M$7.0M$7.0M$6.0M$13.0M
EPS$0.14$0.57$0.33$0.89$0.74$1.62$-0.71$1.89$1.31$1.18$1.14$2.58

Over the 10 years reported for Flexsteel Industries, Inc., cash stood at $17.0M in the latest year, shareholders' equity was $9.0M, current assets covered current liabilities 2.08 times.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$270.0M$284.0M$254.0M$237.0M$297.0M$269.0M$291.0M$274.0M$282.0M$254.0M
Current Assets$195.0M$190.0M$166.0M$182.0M$229.0M$190.0M$171.0M$155.0M$172.0M$158.0M
Cash$29.0M$28.0M$22.0M$48.0M$1.0M$2.0M$3.0M$5.0M$40.0M$17.0M
Inventory$99.0M$96.0M$94.0M$71.0M$161.0M$141.0M$122.0M$97.0M$89.0M$91.0M
Receivables$42.0M$41.0M$38.0M$32.0M$56.0M$41.0M$38.0M$44.0M$35.0M$43.0M
Fixed Assets$71.0M$91.0M$79.0M$52.0M$67.0M$77.0M$107.0M$98.0M$78.0M$72.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$18.0M$16.0M$0$0$0$0$0$11.0M$19.0M$15.0M
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$39.0M$43.0M$49.0M$62.0M$129.0M$137.0M$149.0M$124.0M$115.0M$121.0M
Current Liabilities$37.0M$41.0M$48.0M$53.0M$100.0M$65.0M$55.0M$60.0M$62.0M$76.0M
Borrowings$0$0$0$12.0M$34.0M$78.0M$100.0M$70.0M$59.0M$52.0M
Other Liabilities$39.0M$43.0M$49.0M$50.0M$95.0M$59.0M$49.0M$54.0M$55.0M$69.0M
Equity$8.0M$8.0M$8.0M$8.0M$8.0M$8.0M$8.0M$8.0M$9.0M$9.0M
Reserves$231.0M$242.0M$205.0M$176.0M$168.0M$132.0M$142.0M$150.0M$168.0M$133.0M

For Flexsteel Industries, Inc., operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $48.0M; free cash flow was positive in 7 of 10 years; financing activities used $67.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$26.0M$27.0M$7.0M$18.0M$-33.0M$8.0M$23.0M$32.0M$37.0M$52.0M
Investing Cash Flow$-43.0M$-51.0M$-27.0M$13.0M$13.0M$-6.0M$-9.0M$-5.0M$6.0M$-8.0M
Financing Cash Flow$0$-1.0M$0$-2.0M$-31.0M$-36.0M$-5.0M$-3.0M$-3.0M$-67.0M
Net Cash Flow$-8.0M$-1.0M$-6.0M$26.0M$-47.0M$1.0M$1.0M$1.0M$35.0M$-23.0M
Free Cash Flow$13.0M$-2.0M$-15.0M$15.0M$-35.0M$4.0M$18.0M$27.0M$34.0M$48.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.18
EV / EBITDA11.01
FCF Yield10.00%
Quick Ratio0.90
Interest Coverage1934.09
Return 1Y98.43%
Return 3Y293.77%
Return 5Y124.56%

Flexsteel Industries, Inc. (FLXS) financials — frequently asked questions

What is Flexsteel Industries, Inc.'s annual revenue?

Flexsteel Industries, Inc. (FLXS) reported annual revenue of $459.0M in its most recent fiscal year.

What is Flexsteel Industries, Inc.'s net profit?

Flexsteel Industries, Inc. (FLXS) reported net profit of $33.0M in its most recent fiscal year.

What is FLXS EV/EBITDA?

Flexsteel Industries, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 11.01.

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