Flex Ltd Financials
Flex Ltd (FLEX) reported $27.9B in revenue for fiscal year 2026, up 8.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Thin-margin scale is becoming a cash-generating machine, with operating improvement funding buybacks even as leverage edges higher.
In FY2026, operating cash flow of$1.69B far exceeded net income of$880M , so the business turned accounting profit into real cash unusually well. Buybacks then used$944M while long-term debt ended at$3.75B , showing that this cash engine is being aimed at shrinking the share count rather than building a larger cash cushion.
From FY2024 to FY2026, gross margin widened from
The balance sheet remains liquid but working-capital heavy: inventory plus receivables were about
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Flex Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Flex Ltd has an operating margin of 4.9%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 61/100, indicating healthy but not exceptional operating efficiency. This is up from 4.5% the prior year.
Flex Ltd's revenue grew 8.1% year-over-year to $27.9B, a solid pace of expansion. This earns a growth score of 42/100.
Flex Ltd has a moderate D/E ratio of 0.73. This balance of debt and equity financing earns a leverage score of 53/100.
Flex Ltd's current ratio of 1.36 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.
Flex Ltd has a free cash flow margin of 3.8%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.
Flex Ltd earns a strong 17.1% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 78/100. This is up from 16.8% the prior year.
Flex Ltd scores 3.29, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Flex Ltd passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Flex Ltd generates $1.91 in operating cash flow ($1.7B OCF vs $880.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Flex Ltd earns $6.94 in operating income for every $1 of interest expense ($1.4B vs $197.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Flex Ltd generated $27.9B in revenue in fiscal year 2026. This represents an increase of 8.1% from the prior year.
Flex Ltd's EBITDA was $1.9B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.8% from the prior year.
Flex Ltd reported $880.0M in net income in fiscal year 2026. This represents an increase of 5.0% from the prior year.
Flex Ltd earned $2.33 per diluted share (EPS) in fiscal year 2026. This represents an increase of 10.4% from the prior year.
Cash & Balance Sheet
Flex Ltd generated $1.1B in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 1.4% from the prior year.
Flex Ltd held $2.4B in cash against $3.8B in long-term debt as of fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
Flex Ltd's gross margin was 9.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.
Flex Ltd's operating margin was 4.9% in fiscal year 2026, reflecting core business profitability. This is up 0.4 percentage points from the prior year.
Flex Ltd's net profit margin was 3.1% in fiscal year 2026, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.
Flex Ltd's ROE was 17.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 0.4 percentage points from the prior year.
Capital Allocation
Flex Ltd spent $944.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 24.9% from the prior year.
Flex Ltd invested $633.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 44.5% from the prior year.
Not reported for fiscal year 2026.
FLEX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.3B | $27.9B+8.1% | $25.8B-2.3% | $26.4B-7.3% | $28.5B+15.7% | $24.6B+2.1% | $24.1B-0.4% | $24.2B-7.6% | $26.2B+3.0% | $25.4B+6.6% | $23.9B-2.3% | $24.4B-6.6% | $26.1B+0.2% | $26.1B+10.8% | $23.6B-19.7% | $29.3B |
| Cost of Revenue | $26.5B | $25.3B+7.2% | $23.6B-3.3% | $24.4B-8.0% | $26.5B+16.0% | $22.8B+2.2% | $22.3B-1.5% | $22.7B-7.8% | $24.6B+3.4% | $23.8B+6.6% | $22.3B-2.2% | $22.8B-7.3% | $24.6B0.0% | $24.6B+10.9% | $22.2B-20.3% | $27.8B |
| Gross Profit | $2.7B | $2.6B+18.9% | $2.2B+15.8% | $1.9B-5.6% | $2.0B+11.0% | $1.8B+5.5% | $1.7B+26.0% | $1.3B-11.8% | $1.5B-4.9% | $1.6B+4.9% | $1.5B-5.4% | $1.6B+4.1% | $1.5B+7.3% | $1.4B+23.5% | $1.2B-23.2% | $1.5B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $78.2M+19.2% | $65.6M+7.5% | $61.0M+131.9% | $26.3M-12.3% | $30.0M | N/A | $78.9M |
| SG&A Expenses | $1.2B | $1.1B+16.4% | $904.0M-2.0% | $922.0M+5.5% | $874.0M+5.3% | $830.0M+1.6% | $817.0M-2.0% | $834.0M-12.5% | $953.0M-6.5% | $1.0B+8.8% | $937.3M-1.8% | $954.9M+13.1% | $844.5M-3.5% | $874.8M+8.6% | $805.2M-8.2% | $877.6M |
| Operating Income | $1.4B | $1.4B+17.0% | $1.2B+37.0% | $853.0M-16.1% | $1.0B+14.3% | $890.0M+11.9% | $795.0M+91.6% | $415.0M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $209.0M | $197.0M+6.5% | $185.0M-10.6% | $207.0M-10.0% | $230.0M+38.6% | $166.0M+10.7% | $150.0M+1983.3% | $7.2M-95.1% | $146.0M+18.6% | $123.1M+14.0% | $108.0M+10.2% | $98.0M+28.3% | $76.4M-4.4% | $79.9M+16.0% | $68.9M+1.6% | $67.8M |
| Income Tax | $301.0M | $263.0M+42.2% | $185.0M+189.8% | -$206.0M-266.1% | $124.0M+34.8% | $92.0M-8.9% | $101.0M+42.3% | $71.0M-20.2% | $89.0M-3.6% | $92.4M+80.1% | $51.3M+384.1% | $10.6M-84.8% | $69.9M+100.4% | $34.9M+32.5% | $26.3M-51.2% | $54.0M |
| Net Income | $973.0M | $880.0M+5.0% | $838.0M-3.9% | $872.0M+10.0% | $793.0M-15.3% | $936.0M+52.7% | $613.0M+596.6% | $88.0M-5.4% | $93.0M-78.3% | $428.5M+34.1% | $319.6M-28.0% | $444.1M-26.1% | $600.8M+64.3% | $365.6M+32.0% | $277.1M-43.3% | $488.8M |
| EPS (Diluted) | — | $2.33+10.4% | $2.11-7.5% | $2.28+32.6% | $1.72-11.3% | $1.94+60.3% | $1.21+611.8% | $0.17-5.6% | $0.18-77.5% | $0.80+35.6% | $0.59-25.3% | $0.79-22.5% | $1.02+72.9% | $0.59+43.9% | $0.41-38.8% | $0.67 |
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FLEX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $22.1B+20.0% | $18.4B+0.7% | $18.3B-14.7% | $21.4B+10.8% | $19.3B+22.0% | $15.8B+15.7% | $13.7B+1.4% | $13.5B-1.6% | $13.7B+8.9% | $12.6B+1.7% | $12.4B+6.3% | $11.7B-6.8% | $12.5B+18.0% | $10.6B-4.0% | $11.0B |
| Current Assets | $16.3B+27.2% | $12.8B-1.2% | $13.0B-19.0% | $16.0B+11.8% | $14.3B+26.2% | $11.4B+25.1% | $9.1B-0.2% | $9.1B-0.7% | $9.2B+9.3% | $8.4B+0.9% | $8.3B-4.9% | $8.7B-7.0% | $9.4B+21.0% | $7.8B-8.9% | $8.5B |
| Cash & Equivalents | $2.4B+4.4% | $2.3B-7.5% | $2.5B-21.8% | $3.2B+6.7% | $3.0B+12.4% | $2.6B+37.1% | $1.9B+13.3% | $1.7B+15.2% | $1.5B-19.6% | $1.8B0.0% | $1.8B+12.4% | $1.6B+2.2% | $1.6B+0.4% | $1.6B+4.5% | $1.5B |
| Inventory | $5.8B+15.3% | $5.1B-18.3% | $6.2B-16.0% | $7.4B+12.3% | $6.6B+68.9% | $3.9B+2.9% | $3.8B+1.7% | $3.7B-2.0% | $3.8B+11.9% | $3.4B-2.7% | $3.5B+0.1% | $3.5B-3.1% | $3.6B+32.2% | $2.7B-17.5% | $3.3B |
| Accounts Receivable | $4.7B+27.5% | $3.7B+21.0% | $3.0B-12.8% | $3.5B+3.2% | $3.4B-14.9% | $4.0B+62.5% | $2.4B-6.8% | $2.6B+3.8% | $2.5B+14.8% | $2.2B+7.2% | $2.0B-12.5% | $2.3B-13.4% | $2.7B+27.7% | $2.1B-18.6% | $2.6B |
| Goodwill | $1.4B+2.1% | $1.3B+18.1% | $1.1B-0.4% | $1.1B+0.1% | $1.1B+4.4% | $1.1B+2.3% | $1.1B-0.7% | $1.1B-4.3% | $1.1B+13.8% | $984.9M+4.5% | $942.1M+182.4% | $333.6M+14.0% | $292.8M+11.7% | $262.0M+157.7% | $101.7M |
| Total Liabilities | $16.9B+26.4% | $13.4B+3.5% | $12.9B-17.6% | $15.7B+3.9% | $15.1B+21.9% | $12.4B+14.2% | $10.9B+3.2% | $10.5B-1.6% | $10.7B+7.5% | $9.9B+1.4% | $9.8B+5.6% | $9.3B-10.1% | $10.3B+23.9% | $8.3B-4.6% | $8.7B |
| Current Liabilities | $12.0B+22.0% | $9.8B+15.4% | $8.5B-21.4% | $10.9B+1.5% | $10.7B+36.7% | $7.8B+8.6% | $7.2B-5.1% | $7.6B+4.5% | $7.3B+11.7% | $6.5B-1.0% | $6.6B-2.7% | $6.8B-11.8% | $7.7B+24.0% | $6.2B-1.8% | $6.3B |
| Long-Term Debt | $3.8B+51.1% | $2.5B-23.9% | $3.3B-8.0% | $3.5B+9.1% | $3.2B-7.6% | $3.5B+30.7% | $2.7B+11.0% | $2.4B-16.4% | $2.9B+0.2% | $2.9B+6.7% | $2.7B+33.7% | $2.0B-2.1% | $2.1B+25.4% | $1.7B-23.2% | $2.1B |
| Total Equity | $5.1B+2.8% | $5.0B-6.1% | $5.3B-0.5% | $5.4B+29.6% | $4.1B+20.2% | $3.4B+21.4% | $2.8B-4.7% | $3.0B-1.5% | $3.0B+14.1% | $2.6B+2.9% | $2.6B+8.9% | $2.4B+9.1% | $2.2B-3.7% | $2.2B-1.6% | $2.3B |
| Retained Earnings | $2.2B+68.5% | $1.3B+187.9% | $446.0M+179.6% | -$560.0M+58.6% | -$1.4B+40.9% | -$2.3B+21.1% | -$2.9B+3.7% | -$3.0B+4.2% | -$3.1B+12.0% | -$3.6B+8.2% | -$3.9B+10.2% | -$4.3B+12.2% | -$4.9B+6.9% | -$5.3B+5.0% | -$5.6B |
FLEX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.6B | $1.7B+12.0% | $1.5B+13.5% | $1.3B+39.6% | $950.0M-7.2% | $1.0B+611.1% | $144.0M+109.4% | -$1.5B+48.4% | -$3.0B+23.2% | -$3.9B-1.2% | -$3.8B-436.3% | $1.1B+43.1% | $794.0M-34.7% | $1.2B+9.1% | $1.1B+38.7% | $804.3M |
| Capital Expenditures | $736.0M | $633.0M+44.5% | $438.0M-17.4% | $530.0M-16.5% | $635.0M+43.3% | $443.0M+26.2% | $351.0M-24.0% | $462.0M-36.4% | $726.0M+29.2% | $562.0M+7.0% | $525.1M+2.8% | $510.6M+47.0% | $347.4M-43.0% | $609.6M+24.7% | $489.0M+11.8% | $437.2M |
| Free Cash Flow | $826.0M | $1.1B-1.4% | $1.1B+34.0% | $796.0M+152.7% | $315.0M-45.8% | $581.0M+380.7% | -$207.0M+89.6% | -$2.0B+46.0% | -$3.7B+16.5% | -$4.4B-1.9% | -$4.3B-794.7% | $625.8M+40.1% | $446.6M-26.4% | $606.8M-3.1% | $626.4M+70.7% | $367.1M |
| Investing Cash Flow | -$1.8B | -$672.0M+19.8% | -$838.0M-70.3% | -$492.0M+18.5% | -$604.0M+36.5% | -$951.0M-370.8% | -$202.0M-108.9% | $2.3B-29.9% | $3.3B-12.3% | $3.7B-13.1% | $4.3B+405.8% | -$1.4B-476.5% | -$242.2M+69.1% | -$783.9M-12.4% | -$697.2M-44.8% | -$481.4M |
| Financing Cash Flow | $814.0M | -$924.0M-12.5% | -$821.0M+50.4% | -$1.7B-82900.0% | $2.0M-99.3% | $280.0M-62.3% | $743.0M+246.3% | -$508.0M-1593.3% | -$30.0M+84.0% | -$187.8M+22.4% | -$242.1M-197.0% | $249.6M+148.4% | -$516.0M-25.6% | -$410.8M-21.0% | -$339.6M+35.0% | -$522.2M |
| Share Buybacks | $697.0M | $944.0M-24.9% | $1.3B-3.2% | $1.3B+285.2% | $337.0M-50.9% | $686.0M+274.9% | $183.0M-29.6% | $260.0M+37.6% | $189.0M+5.0% | $180.1M-48.5% | $349.5M-16.8% | $420.3M+1.1% | $415.9M-12.5% | $475.3M+47.6% | $322.0M-36.8% | $509.8M |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FLEX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 9.2%+0.8pp | 8.4%+1.3pp | 7.1%+0.1pp | 6.9%-0.3pp | 7.2%+0.2pp | 7.0%+1.5pp | 5.5%-0.3pp | 5.8%-0.5pp | 6.3%-0.1pp | 6.4%-0.2pp | 6.6%+0.7pp | 5.9%+0.4pp | 5.5%+0.6pp | 5.0%-0.2pp | 5.2% |
| Operating Margin | 4.9%+0.4pp | 4.5%+1.3pp | 3.2%-0.3pp | 3.6%0.0pp | 3.6%+0.3pp | 3.3%+1.6pp | 1.7% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 3.1%-0.1pp | 3.3%-0.1pp | 3.3%+0.5pp | 2.8%-1.0pp | 3.8%+1.3pp | 2.5%+2.2pp | 0.4%0.0pp | 0.4%-1.3pp | 1.7%+0.3pp | 1.3%-0.5pp | 1.8%-0.5pp | 2.3%+0.9pp | 1.4%+0.2pp | 1.2%-0.5pp | 1.7% |
| Return on Equity | 17.1%+0.4pp | 16.8%+0.4pp | 16.4%+1.6pp | 14.8%-7.9pp | 22.7%+4.8pp | 17.8%+14.7pp | 3.1%0.0pp | 3.1%-11.1pp | 14.2%+2.1pp | 12.1%-5.2pp | 17.3%-8.2pp | 25.4%+8.5pp | 16.9%+4.6pp | 12.3%-9.1pp | 21.4% |
| Return on Assets | 4.0%-0.6pp | 4.6%-0.2pp | 4.8%+1.1pp | 3.7%-1.1pp | 4.8%+1.0pp | 3.9%+3.2pp | 0.6%0.0pp | 0.7%-2.4pp | 3.1%+0.6pp | 2.5%-1.1pp | 3.6%-1.6pp | 5.2%+2.2pp | 2.9%+0.3pp | 2.6%-1.8pp | 4.4% |
| Current Ratio | 1.36+0.1x | 1.30-0.2x | 1.520.0x | 1.48+0.1x | 1.34-0.1x | 1.45+0.2x | 1.26+0.1x | 1.20-0.1x | 1.260.0x | 1.290.0x | 1.270.0x | 1.29+0.1x | 1.230.0x | 1.26-0.1x | 1.36 |
| Debt-to-Equity | 0.73+0.2x | 0.50-0.1x | 0.610.0x | 0.66-0.1x | 0.79-0.2x | 1.02+0.1x | 0.95+0.1x | 0.81-0.1x | 0.96-0.1x | 1.090.0x | 1.05+0.2x | 0.86-0.1x | 0.96+0.2x | 0.73-0.2x | 0.94 |
| FCF Margin | 3.8%-0.4pp | 4.1%+1.1pp | 3.0%+1.9pp | 1.1%-1.3pp | 2.4%+3.2pp | -0.9%+7.4pp | -8.2%+5.9pp | -14.1%+3.3pp | -17.4%+0.8pp | -18.2%-20.8pp | 2.6%+0.9pp | 1.7%-0.6pp | 2.3%-0.3pp | 2.7%+1.4pp | 1.3% |
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Where Flex Ltd Ranks
Frequently Asked Questions
What is Flex Ltd's annual revenue?
Flex Ltd (FLEX) reported $27.9B in total revenue for fiscal year 2026. This represents a 8.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Flex Ltd's revenue growing?
Flex Ltd (FLEX) revenue grew by 8.1% year-over-year, from $25.8B to $27.9B in fiscal year 2026.
Is Flex Ltd profitable?
Yes, Flex Ltd (FLEX) reported a net income of $880.0M in fiscal year 2026, with a net profit margin of 3.1%.
What is Flex Ltd's EBITDA?
Flex Ltd (FLEX) had EBITDA of $1.9B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Flex Ltd have?
As of fiscal year 2026, Flex Ltd (FLEX) had $2.4B in cash and equivalents against $3.8B in long-term debt.
What is Flex Ltd's gross margin?
Flex Ltd (FLEX) had a gross margin of 9.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Flex Ltd's operating margin?
Flex Ltd (FLEX) had an operating margin of 4.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Flex Ltd's net profit margin?
Flex Ltd (FLEX) had a net profit margin of 3.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Flex Ltd's return on equity (ROE)?
Flex Ltd (FLEX) has a return on equity of 17.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Flex Ltd's free cash flow?
Flex Ltd (FLEX) generated $1.1B in free cash flow during fiscal year 2026. This represents a -1.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Flex Ltd's operating cash flow?
Flex Ltd (FLEX) generated $1.7B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Flex Ltd's total assets?
Flex Ltd (FLEX) had $22.1B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Flex Ltd's capital expenditures?
Flex Ltd (FLEX) invested $633.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Flex Ltd's current ratio?
Flex Ltd (FLEX) had a current ratio of 1.36 as of fiscal year 2026, which is considered adequate.
What is Flex Ltd's debt-to-equity ratio?
Flex Ltd (FLEX) had a debt-to-equity ratio of 0.73 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Flex Ltd's return on assets (ROA)?
Flex Ltd (FLEX) had a return on assets of 4.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Flex Ltd's Altman Z-Score?
Flex Ltd (FLEX) has an Altman Z-Score of 3.29, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Flex Ltd's Piotroski F-Score?
Flex Ltd (FLEX) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Flex Ltd's earnings high quality?
Flex Ltd (FLEX) has an earnings quality ratio of 1.91x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Flex Ltd cover its interest payments?
Flex Ltd (FLEX) has an interest coverage ratio of 6.94x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Flex Ltd?
Flex Ltd (FLEX) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.