Flexsteel Inds Financials
Flexsteel Inds (FLXS) reported $459.2M in revenue for fiscal year 2026, up 4.1% 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).
Margin expansion and cash conversion are reshaping profitability despite a top line still below its earlier peak
The latest year’s operating cash flow reached$51.5M versus$33.1M of net income, showing that reported earnings were accompanied by cash rather than depending mainly on accruals. Free-cash-flow margin rose from6.6% to10.4% over the two latest reported years, indicating that more of each sales dollar remained after reinvestment as profitability improved.
Revenue fell from
Financing cash flow was
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 Flexsteel Inds'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.
Flexsteel Inds has an operating margin of 9.3%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 54/100, indicating healthy but not exceptional operating efficiency. This is up from 6.0% the prior year.
Flexsteel Inds's revenue grew a modest 4.1% year-over-year to $459.2M. This slow but positive growth earns a score of 52/100.
Flexsteel Inds has a moderate D/E ratio of 0.90. This balance of debt and equity financing earns a leverage score of 48/100.
Flexsteel Inds's current ratio of 2.09 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.
Flexsteel Inds has a free cash flow margin of 10.4%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.
Flexsteel Inds earns a strong 24.8% return on equity (ROE), meaning it generates $25 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 72/100. This is up from 12.0% the prior year.
Flexsteel Inds scores 5.62, 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.
Flexsteel Inds passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Flexsteel Inds generates $1.56 in operating cash flow ($51.5M OCF vs $33.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Flexsteel Inds earns $1,934.09 in operating income for every $1 of interest expense ($42.5M vs $22K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Flexsteel Inds generated $459.2M in revenue in fiscal year 2026. This represents an increase of 4.1% from the prior year.
Flexsteel Inds's EBITDA was $46.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 53.2% from the prior year.
Flexsteel Inds reported $33.1M in net income in fiscal year 2026. This represents an increase of 64.4% from the prior year.
Flexsteel Inds earned $6.07 per diluted share (EPS) in fiscal year 2026. This represents an increase of 71.0% from the prior year.
Cash & Balance Sheet
Flexsteel Inds generated $47.6M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 41.1% from the prior year.
Flexsteel Inds held $16.7M in cash as of fiscal year 2026; long-term debt is not reported for that period.
Flexsteel Inds paid $0.85 per share in dividends in fiscal year 2026. This represents an increase of 19.7% from the prior year.
Margins & Returns
Flexsteel Inds's gross margin was 24.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 2.5 percentage points from the prior year.
Flexsteel Inds's operating margin was 9.3% in fiscal year 2026, reflecting core business profitability. This is up 3.2 percentage points from the prior year.
Flexsteel Inds's net profit margin was 7.2% in fiscal year 2026, showing the share of revenue converted to profit. This is up 2.6 percentage points from the prior year.
Flexsteel Inds's ROE was 24.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 12.8 percentage points from the prior year.
Capital Allocation
Flexsteel Inds invested $2.6M in research and development in fiscal year 2026. This represents an increase of 23.8% from the prior year.
Flexsteel Inds invested $3.9M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 21.0% from the prior year.
Not reported for fiscal year 2026.
FLXS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $115.4M+0.2% | $115.1M-2.6% | $118.2M+7.1% | $110.4M-3.6% | $114.6M+0.6% | $114.0M+5.1% | $108.5M+4.3% | $104.0M |
| Cost of Revenue | $80.7M-9.4% | $89.1M-2.6% | $91.4M+8.2% | $84.5M | N/A | $88.6M+3.5% | $85.7M+4.9% | $81.6M |
| Gross Profit | $34.6M+32.9% | $26.0M-2.9% | $26.8M+3.4% | $25.9M-5.4% | $27.4M+8.3% | $25.3M+11.1% | $22.8M+2.0% | $22.4M |
| SG&A Expenses | $18.3M+2.5% | $17.8M0.0% | $17.8M+5.1% | $17.0M | N/A | $17.1M+5.7% | $16.1M-1.1% | $16.3M |
| Operating Income | $16.3M+98.8% | $8.2M-8.6% | $9.0M+0.1% | $9.0M-35.7% | $14.0M+376.2% | -$5.1M-143.4% | $11.7M+92.7% | $6.0M |
| Interest Expense | N/A | N/A | $0 | $0 | N/A | $0+100.0% | -$19K-137.3% | $51K |
| Income Tax | $3.8M+77.4% | $2.1M-21.0% | $2.7M+31.9% | $2.1M | N/A | -$1.2M-146.6% | $2.6M+40.7% | $1.9M |
| Net Income | $12.7M+97.2% | $6.4M-3.0% | $6.6M-9.3% | $7.3M-31.5% | $10.7M+386.0% | -$3.7M-141.3% | $9.1M+118.7% | $4.1M |
| EPS (Diluted) | $2.44+114.0% | $1.14-3.4% | $1.18-9.9% | $1.31-30.7% | $1.89+366.2% | -$0.71-143.8% | $1.62+118.9% | $0.74 |
Not reported in any period shown, so not listed: R&D Expenses.
FLXS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $254.0M-12.5% | $290.2M0.0% | $290.2M+3.1% | $281.5M-0.4% | $282.5M+6.1% | $266.1M-2.0% | $271.5M+1.1% | $268.7M |
| Current Assets | $158.4M-21.0% | $200.5M+6.3% | $188.6M+7.5% | $175.4M+1.7% | $172.4M+9.8% | $156.9M+5.3% | $149.1M-1.7% | $151.6M |
| Cash & Equivalents | $16.7M-70.9% | $57.3M+55.8% | $36.8M-4.7% | $38.6M-3.6% | $40.0M+76.8% | $22.6M+92.0% | $11.8M+105.4% | $5.7M |
| Inventory | $90.6M+12.4% | $80.6M-15.3% | $95.1M+9.3% | $87.0M-2.4% | $89.1M+2.3% | $87.1M-4.3% | $91.0M-5.1% | $95.9M |
| Accounts Receivable | $42.7M+2.9% | $41.5M-0.9% | $41.8M+18.7% | $35.2M0.0% | $35.2M-8.4% | $38.5M+5.9% | $36.3M-8.0% | $39.5M |
| Total Liabilities | $120.5M+14.9% | $104.9M-5.8% | $111.3M+1.9% | $109.3M-4.7% | $114.6M+6.1% | $108.0M-1.5% | $109.6M-3.9% | $114.0M |
| Current Liabilities | $75.7M+30.0% | $58.2M-7.0% | $62.6M+7.1% | $58.5M-5.7% | $62.0M+15.9% | $53.5M+5.2% | $50.9M-4.6% | $53.3M |
| Total Equity | $133.5M-28.0% | $185.3M+3.6% | $178.9M+3.9% | $172.2M+2.6% | $167.9M+6.2% | $158.1M-2.3% | $161.9M+4.7% | $154.7M |
| Retained Earnings | $219.2M+5.6% | $207.6M+2.6% | $202.2M+2.8% | $196.7M+3.3% | $190.4M+5.3% | $180.8M-2.5% | $185.5M+4.6% | $177.3M |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
FLXS 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 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $24.3M+10.2% | $22.1M+2092.1% | $1.0M-75.5% | $4.1M-73.7% | $15.6M+27.4% | $12.3M+83.2% | $6.7M+179.1% | $2.4M |
| Capital Expenditures | $402K-8.6% | $440K-74.7% | $1.7M+28.4% | $1.4M+138.9% | $568K-58.1% | $1.4M+49.5% | $907K+112.4% | $427K |
| Free Cash Flow | $23.9M+10.6% | $21.6M+3043.4% | -$735K-126.7% | $2.8M-81.7% | $15.1M+38.1% | $10.9M+88.5% | $5.8M+193.6% | $2.0M |
| Investing Cash Flow | -$396K+7.7% | -$429K+75.3% | -$1.7M-28.1% | -$1.4M-139.6% | $3.4M+756.9% | -$522K-109.0% | $5.8M+696.3% | $728K |
| Financing Cash Flow | -$64.5M-5595.6% | -$1.1M-4.6% | -$1.1M+74.1% | -$4.2M-148.2% | -$1.7M-88.0% | -$895K+86.1% | -$6.4M-200.0% | -$2.1M |
| Dividends Paid | $1.1M+0.4% | $1.1M+0.7% | $1.1M-6.7% | $1.1M+27.3% | $901K+0.7% | $895K+1.0% | $886K+1.4% | $874K |
Not reported in any period shown, so not listed: Share Buybacks.
FLXS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.0%+7.4pp | 22.6%-0.1pp | 22.7%-0.8pp | 23.5%-0.5pp | 23.9%+1.7pp | 22.2%+1.2pp | 21.0%-0.5pp | 21.5% |
| Operating Margin | 14.2%+7.0pp | 7.1%-0.5pp | 7.6%-0.5pp | 8.1%-4.0pp | 12.2%+16.6pp | -4.4%-15.2pp | 10.7%+4.9pp | 5.8% |
| Net Margin | 11.0%+5.4pp | 5.6%0.0pp | 5.6%-1.0pp | 6.6%-2.7pp | 9.3%+12.6pp | -3.3%-11.6pp | 8.3%+4.4pp | 4.0% |
| Return on Equity | 9.5%+6.0pp | 3.5%-0.2pp | 3.7%-0.5pp | 4.3%-2.1pp | 6.4%+8.8pp | -2.4%-8.0pp | 5.6%+2.9pp | 2.7% |
| Return on Assets | 5.0%+2.8pp | 2.2%-0.1pp | 2.3%-0.3pp | 2.6%-1.2pp | 3.8%+5.2pp | -1.4%-4.7pp | 3.3%+1.8pp | 1.5% |
| Current Ratio | 2.09-1.3x | 3.44+0.4x | 3.010.0x | 3.00+0.2x | 2.78-0.2x | 2.930.0x | 2.93+0.1x | 2.84 |
| Debt-to-Equity | 0.90+0.3x | 0.57-0.1x | 0.620.0x | 0.630.0x | 0.680.0x | 0.680.0x | 0.68-0.1x | 0.74 |
| FCF Margin | 20.7%+1.9pp | 18.8%+19.4pp | -0.6%-3.1pp | 2.5%-10.6pp | 13.1%+3.6pp | 9.6%+4.2pp | 5.3%+3.4pp | 1.9% |
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Where Flexsteel Inds Ranks
Frequently Asked Questions
What is Flexsteel Inds's annual revenue?
Flexsteel Inds (FLXS) reported $459.2M in total revenue for fiscal year 2026. This represents a 4.1% 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 Flexsteel Inds's revenue growing?
Flexsteel Inds (FLXS) revenue grew by 4.1% year-over-year, from $441.1M to $459.2M in fiscal year 2026.
Is Flexsteel Inds profitable?
Yes, Flexsteel Inds (FLXS) reported a net income of $33.1M in fiscal year 2026, with a net profit margin of 7.2%.
What is Flexsteel Inds's EBITDA?
Flexsteel Inds (FLXS) had EBITDA of $46.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Flexsteel Inds's gross margin?
Flexsteel Inds (FLXS) had a gross margin of 24.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Flexsteel Inds's operating margin?
Flexsteel Inds (FLXS) had an operating margin of 9.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Flexsteel Inds's net profit margin?
Flexsteel Inds (FLXS) had a net profit margin of 7.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does Flexsteel Inds pay dividends?
Yes, Flexsteel Inds (FLXS) paid $0.85 per share in dividends during fiscal year 2026.
What is Flexsteel Inds's return on equity (ROE)?
Flexsteel Inds (FLXS) has a return on equity of 24.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Flexsteel Inds's free cash flow?
Flexsteel Inds (FLXS) generated $47.6M in free cash flow during fiscal year 2026. This represents a 41.1% 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 Flexsteel Inds's operating cash flow?
Flexsteel Inds (FLXS) generated $51.5M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Flexsteel Inds's total assets?
Flexsteel Inds (FLXS) had $254.0M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Flexsteel Inds's capital expenditures?
Flexsteel Inds (FLXS) invested $3.9M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Flexsteel Inds spend on research and development?
Flexsteel Inds (FLXS) invested $2.6M in research and development during fiscal year 2026.
What is Flexsteel Inds's current ratio?
Flexsteel Inds (FLXS) had a current ratio of 2.09 as of fiscal year 2026, which is generally considered healthy.
What is Flexsteel Inds's debt-to-equity ratio?
Flexsteel Inds (FLXS) had a debt-to-equity ratio of 0.90 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Flexsteel Inds's return on assets (ROA)?
Flexsteel Inds (FLXS) had a return on assets of 13.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Flexsteel Inds's Altman Z-Score?
Flexsteel Inds (FLXS) has an Altman Z-Score of 5.62, 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 Flexsteel Inds's Piotroski F-Score?
Flexsteel Inds (FLXS) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Flexsteel Inds's earnings high quality?
Flexsteel Inds (FLXS) has an earnings quality ratio of 1.56x, 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 Flexsteel Inds cover its interest payments?
Flexsteel Inds (FLXS) has an interest coverage ratio of 1,934.09x, 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 Flexsteel Inds?
Flexsteel Inds (FLXS) scores 58 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.