What is Flexible Solutions International, Inc.'s earnings per share (EPS)?

Flexible Solutions International, Inc. (FSI) reported diluted earnings per share of $0.06 for fiscal year 2025. This represents a -75.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Flexible Solutions International, Inc. (FSI) Financials

FSI

Trailing 12 months to June 30, 2026

Revenue $35.6M -4.7% YoY

Net Income -$3.1M -202.5% YoY

EPS (Diluted) -$0.24 -204.3% YoY

Free Cash Flow -$3.5M -1054.3% YoY

Market Cap $77.3M as of Oct 8, 2026

Price / Sales 2.2x on $35.6M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 2.1x on $37.0M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 14, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FSI SEC filings page.

Flexible Solutions International, Inc. (FSI) reported $35.6M in revenue over the twelve months to Jun 30, 2026, down 4.7% from the prior twelve months. 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).

Rhea AI FSI FY2025 2026-10-03

Stable sales are masking a sharper earnings and cash squeeze as margins narrow and reinvestment absorbs operating cash.

Revenue barely changed from $38.2M in the prior year to $38.5M in the latest year, so the earnings drop was not a volume collapse but weaker conversion of sales into profit. Gross margin narrowed while net margin fell to 2.0%, showing that pressure extended beyond the product-cost line.

The balance sheet is conservatively financed: debt-to-equity was 0.1x and the current ratio was 3.1x, so reported liquidity is not being achieved through heavy borrowing. Return on assets was 1.3%, down from 8.7%; the larger asset base is producing less earnings efficiency than earlier periods.

Operating cash flow was $3.8M, but capital expenditures were $4.4M, so reinvestment pushed free cash flow below zero despite accounting profit. That pattern also appeared in an earlier year, when free cash flow was -$504K despite net income of $7.0M, making cash conversion uneven rather than a simple reflection of reported earnings.

Financial Health Signals

Financial Health Score 61/100

Scored against operating companies for FY2025. 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 Flexible Solutions International, Inc.'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.

Profitability

Flexible Solutions International, Inc. has an operating margin of 11.9%, meaning the company retains $12 of operating profit per $100 of revenue. This strong profitability earns a score of 70/100, reflecting efficient cost management and pricing power. This is down from 14.4% the prior year.

Growth

Flexible Solutions International, Inc.'s revenue grew a modest 0.7% year-over-year to $38.5M. This slow but positive growth earns a score of 31/100.

Leverage

Flexible Solutions International, Inc. carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.06, Flexible Solutions International, Inc. holds $3.06 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.

Cash Flow

While Flexible Solutions International, Inc. generated $3.8M in operating cash flow, capex of $4.4M consumed most of it, leaving -$592K in free cash flow. This results in a low score of 26/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Flexible Solutions International, Inc. earns a strong 2.0% return on equity (ROE), meaning it generates $2 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 66/100. This is down from 8.0% the prior year.

Altman Z-Score Safe

4.18

Flexible Solutions International, Inc. scores 4.18, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($77.3M) relative to total liabilities ($19.0M). 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.

Piotroski F-Score Neutral

5/9

Flexible Solutions International, Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

4.81x

For every $1 of reported earnings, Flexible Solutions International, Inc. generates $4.81 in operating cash flow ($3.8M OCF vs $787K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.6M

YoY-33.1%

QoQ-8.3%

5Y CAGR-2.3%

10Y CAGR+7.4%

Flexible Solutions International, Inc. generated $7.6M in revenue in Q2 2026. This represents a decrease of 33.1% from the same quarter a year earlier. Against the prior quarter it is down 8.3%.

EBITDA

-$1.7M

YoY-145.3%

QoQ-501.0%

Flexible Solutions International, Inc.'s EBITDA was -$1.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 145.3% from the same quarter a year earlier. Against the prior quarter it is down 501.0%.

Net Income

-$1.9M

YoY-194.3%

QoQ-692.4%

Flexible Solutions International, Inc. reported -$1.9M in net income in Q2 2026. This represents a decrease of 194.3% from the same quarter a year earlier. Against the prior quarter it is down 692.4%.

EPS (Diluted)

-$0.15

YoY-200.0%

QoQ-650.0%

Flexible Solutions International, Inc. earned -$0.15 per diluted share (EPS) in Q2 2026. This represents a decrease of 200.0% from the same quarter a year earlier. Against the prior quarter it is down 650.0%.

Cash & Balance Sheet

Free Cash Flow

$4.6M

YoY+6.1%

QoQ+212.7%

5Y CAGR-5.5%

10Y CAGR+15.8%

Flexible Solutions International, Inc. generated $4.6M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 6.1% from the same quarter a year earlier. Against the prior quarter it is up 212.7%.

Cash & Debt

$7.2M

YoY-16.4%

QoQ+23.6%

5Y CAGR+6.4%

10Y CAGR+10.8%

Flexible Solutions International, Inc. held $7.2M in cash against $3.8M in long-term debt as of Q2 2026.

Shares Outstanding

13M

YoY+0.9%

QoQ+0.3%

5Y CAGR+0.7%

10Y CAGR+1.1%

Flexible Solutions International, Inc. had 13M shares outstanding in Q2 2026. This represents an increase of 0.9% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

-3.8%

YoY-51.2pp

QoQ-26.6pp

5Y change-38.5pp

10Y change-56.9pp

Flexible Solutions International, Inc.'s gross margin was -3.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 51.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 26.6 percentage points.

Operating Margin

-29.2%

YoY-58.2pp

QoQ-28.1pp

5Y change-49.2pp

Flexible Solutions International, Inc.'s operating margin was -29.2% in Q2 2026, reflecting core business profitability. This is down 58.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 28.1 percentage points.

Net Margin

-25.1%

YoY-43.0pp

QoQ-22.2pp

5Y change-38.9pp

10Y change-40.2pp

Flexible Solutions International, Inc.'s net profit margin was -25.1% in Q2 2026, showing the share of revenue converted to profit. This is down 43.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 22.2 percentage points.

Return on Equity

-5.2%

YoY-10.3pp

QoQ-4.6pp

5Y change-10.1pp

10Y change-10.0pp

Flexible Solutions International, Inc.'s ROE was -5.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 10.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.6 percentage points.

Capital Allocation

R&D Spending

$108K

YoY-35.5%

QoQ-7.4%

5Y CAGR+46.6%

10Y CAGR+14.3%

Flexible Solutions International, Inc. invested $108K in research and development in Q2 2026. This represents a decrease of 35.5% from the same quarter a year earlier. Against the prior quarter it is down 7.4%.

Capital Expenditures

$746K

YoY-23.7%

QoQ-66.6%

5Y CAGR+16.0%

10Y CAGR+52.5%

Flexible Solutions International, Inc. invested $746K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 23.7% from the same quarter a year earlier. Against the prior quarter it is down 66.6%.

Share Buybacks

Not reported for Q2 2026.

FSI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$35.6M	$38.5M+0.7%	$38.2M-0.2%	$38.3M-16.4%	$45.8M+33.2%	$34.4M+9.6%	$31.4M+14.5%	$27.4M+53.9%	$17.8M+15.1%	$15.5M-4.6%	$16.2M+2.2%	$15.9M-0.1%	$15.9M+0.7%	$15.8M-3.6%	$16.4M+5.7%	$15.5M
Cost of Revenue	$28.8M	$26.0M+3.9%	$25.0M-10.4%	$27.9M-12.8%	$32.0M+38.9%	$23.0M+6.4%	$21.6M+15.0%	$18.8M+54.4%	$12.2M+28.2%	$9.5M+2.7%	$9.3M-4.5%	$9.7M-9.9%	$10.8M-4.5%	$11.3M+1.3%	$11.1M+15.2%	$9.7M
Gross Profit	$6.8M	$12.5M-5.3%	$13.2M+26.8%	$10.4M-24.7%	$13.9M+21.7%	$11.4M+16.7%	$9.8M+13.3%	$8.6M+52.9%	$5.6M-5.8%	$6.0M-14.4%	$7.0M+12.7%	$6.2M+20.7%	$5.1M+13.5%	$4.5M-14.1%	$5.3M-10.0%	$5.9M
R&D Expenses	$566K	$615K+86.5%	$330K+108.5%	$158K+59.4%	$99K-14.7%	$116K+43.0%	$81K-34.2%	$124K-9.0%	$136K+37.4%	$99K+4.0%	$95K-0.2%	$95K-29.4%	$135K+9.1%	$124K+81.3%	$68K-6.8%	$73K
SG&A Expenses	N/A	$3.6M+27.7%	$2.9M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$934K	$4.6M-16.6%	$5.5M+57.4%	$3.5M-50.3%	$7.1M+28.6%	$5.5M+33.2%	$4.1M+115.8%	$1.9M+46.0%	$1.3M-13.5%	$1.5M-51.0%	$3.1M+31.3%	$2.4M+255.7%	$661K+173.9%	-$894K-2525.3%	-$34K-102.6%	$1.3M
EBITDA	N/A	$6.6M-12.1%	$7.5M+44.0%	$5.2M-37.7%	$8.3M+29.1%	$6.4M+29.8%	$5.0M+96.6%	$2.5M+53.3%	$1.6M-7.4%	$1.8M-50.6%	$3.6M+23.9%	$2.9M+103.4%	$1.4M+272.1%	$385K-68.2%	$1.2M-26.1%	$1.6M
Interest Expense	N/A	N/A	N/A	$499K+70.2%	$293K+46.5%	$200K-23.3%	$261K-39.2%	$428K+357.4%	$94K+112.2%	$44K+5.8%	$42K-25.2%	$56K-41.2%	$95K-13.1%	$109K-15.0%	$128K+34.1%	$96K
Income Tax	N/A	$900K+5.7%	$851K+741.3%	-$133K-191.0%	$146K-93.8%	$2.4M+46.6%	$1.6M+9119.1%	$17K-96.7%	$533K-21.6%	$680K-30.7%	$982K+28.3%	$765K+81.3%	$422K+413.3%	-$135K-112.0%	$1.1M-1.7%	$1.1M
Net Income	-$3.1M	$787K-74.1%	$3.0M+9.5%	$2.8M-60.5%	$7.0M+103.6%	$3.4M+15.9%	$3.0M+55.7%	$1.9M-23.2%	$2.5M+41.9%	$1.8M-2.2%	$1.8M+19.2%	$1.5M+273.1%	$403K-77.9%	$1.8M+268.0%	-$1.1M-692.6%	$183K
EPS (Basic)	N/A	$0.06-75.0%	$0.24+9.1%	$0.22-61.4%	$0.57+103.6%	$0.28	N/A	N/A	N/A	$0.15-6.3%	$0.16	N/A	N/A	N/A	-$0.08-900.0%	$0.01
EPS (Diluted)	-$0.24	$0.06-75.0%	$0.24+9.1%	$0.22-60.7%	$0.56+100.0%	$0.28	N/A	N/A	N/A	$0.150.0%	$0.15	N/A	N/A	N/A	-$0.08-900.0%	$0.01
Diluted Shares (Avg)	N/A	14M+7.2%	13M+1.5%	12M+0.2%	12M-0.3%	13M+1.6%	12M+1.8%	12M+2.3%	12M+0.8%	12M+0.8%	12M-12.6%	13M+1.0%	13M	N/A	13M-2.3%	13M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$7.6M-33.1%	$8.3M+11.0%	$9.1M-0.5%	$10.6M+13.3%	$11.4M+8.0%	$7.5M-19.0%	$9.2M-2.7%	$9.3M+6.8%
Cost of Revenue	$7.9M+32.0%	$6.4M+16.0%	$6.4M-0.8%	$8.0M+45.8%	$6.0M-9.2%	$5.5M-13.8%	$6.5M-1.3%	$5.5M-24.0%
Gross Profit	-$288K-105.3%	$1.9M-3.2%	$2.7M+0.2%	$2.5M-33.7%	$5.4M+36.7%	$2.0M-30.8%	$2.7M-6.1%	$3.8M+158.6%
R&D Expenses	$108K-35.5%	$117K+9.1%	$86K-24.3%	$256K+819.4%	$167K+167.7%	$107K-15.7%	$113K+66.0%	$28K-47.4%
SG&A Expenses	$533K-36.2%	$762K+0.8%	N/A	N/A	$834K	$756K	N/A	N/A
Operating Income	-$2.2M-167.4%	-$86K-24.3%	$1.1M+22.8%	$311K-83.7%	$3.3M+67.3%	-$69K-109.0%	$865K-47.8%	$1.9M+595.0%
EBITDA	-$1.7M-145.3%	$424K+6.9%	$1.7M+19.2%	$756K-68.0%	$3.8M+48.4%	$396K-66.7%	$1.4M-34.4%	$2.4M+2970.7%
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$133K+11.0%
Income Tax	N/A	N/A	-$45K+86.7%	-$182K-149.4%	$1.0M+82.0%	$110K-58.2%	-$339K+66.3%	$368K+67.3%
Net Income	-$1.9M-194.3%	-$241K+13.1%	-$461K-167.8%	-$503K-182.3%	$2.0M+57.3%	-$278K-160.7%	$680K-62.2%	$612K+185.2%
EPS (Basic)	-$0.15-193.8%	-$0.020.0%	-$0.04-180.0%	-$0.04-180.0%	$0.16+60.0%	-$0.02-150.0%	$0.05-64.3%	$0.05+183.3%
EPS (Diluted)	-$0.15-200.0%	-$0.020.0%	-$0.03-160.0%	-$0.04-180.0%	$0.15+50.0%	-$0.02-150.0%	$0.05-64.3%	$0.05+183.3%
Diluted Shares (Avg)	13M-3.9%	13M+1.2%	N/A	13M-0.3%	13M+6.3%	13M+1.1%	N/A	13M+1.6%

FSI Balance Sheet

FSI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$61.8M+3.1%	$60.0M+8.1%	$55.5M+7.5%	$51.6M+30.4%	$39.6M+12.7%	$35.1M+8.4%	$32.4M+3.8%	$31.2M+75.5%	$17.8M+17.3%	$15.2M+7.2%	$14.1M-0.6%	$14.2M-3.5%	$14.8M+7.4%	$13.7M-5.3%	$14.5M
Current Assets	$32.9M-4.8%	$34.6M+14.4%	$30.2M-2.5%	$31.0M+30.2%	$23.8M+25.1%	$19.0M+8.7%	$17.5M-17.5%	$21.2M+51.9%	$14.0M+47.1%	$9.5M+19.1%	$8.0M+19.7%	$6.7M+10.1%	$6.0M0.0%	$6.0M+3.2%	$5.9M
Cash & Equivalents	$6.6M-13.2%	$7.6M+52.1%	$5.0M-17.9%	$6.1M+7.1%	$5.7M+64.4%	$3.5M-4.5%	$3.6M-53.7%	$7.9M+13.7%	$6.9M+179.8%	$2.5M-1.1%	$2.5M+234.3%	$748K+31.6%	$568K+57.0%	$362K-28.6%	$507K
Short-Term Investments	$0-100.0%	$2.4M-10.8%	$2.7M+284.3%	$700K-31.7%	$1.0M+2.5%	$1.0M	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$10.5M-3.2%	$10.9M-2.2%	$11.1M-22.8%	$14.4M+51.8%	$9.5M+13.5%	$8.4M-8.8%	$9.2M+5.2%	$8.7M+86.2%	$4.7M+23.8%	$3.8M+15.6%	$3.3M-5.5%	$3.5M+13.3%	$3.1M-8.9%	$3.4M+16.3%	$2.9M
Accounts Receivable	$12.6M+7.9%	$11.7M+18.8%	$9.8M+4.2%	$9.4M+32.5%	$7.1M+21.0%	$5.9M+31.8%	$4.5M+1.1%	$4.4M+110.1%	$2.1M-30.0%	$3.0M+53.9%	$2.0M-15.8%	$2.3M+15.4%	$2.0M-8.5%	$2.2M-5.7%	$2.3M
Long-Term Investments	$2.1M	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$122K	$0	$0	$0	$0	$0
Goodwill	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$19.0M+2.1%	$18.6M+8.1%	$17.2M+5.2%	$16.3M+38.0%	$11.8M+4.7%	$11.3M-5.0%	$11.9M+2.1%	$11.7M+309.4%	$2.9M+5.8%	$2.7M+27.4%	$2.1M-26.2%	$2.9M-12.8%	$3.3M-17.3%	$4.0M+1.9%	$3.9M
Current Liabilities	$10.8M-9.3%	$11.9M+18.0%	$10.1M-2.4%	$10.3M+4.9%	$9.8M+24.5%	$7.9M+16.2%	$6.8M+11.3%	$6.1M+126.1%	$2.7M+15.3%	$2.3M+50.0%	$1.6M-26.0%	$2.1M-7.9%	$2.3M-10.6%	$2.6M+14.1%	$2.2M
Non-Current Liabilities	$8.2M+22.3%	$6.7M-5.7%	$7.1M+18.2%	$6.0M+198.9%	$2.0M-41.0%	$3.4M-33.1%	$5.1M-8.0%	$5.6M+3591.3%	$151K-57.1%	$352K-36.4%	$553K-26.7%	$754K-24.0%	$993K-29.4%	$1.4M-14.6%	$1.6M
Long-Term Debt	$4.0M-38.9%	$6.6M-3.1%	$6.8M+25.7%	$5.4M+245.6%	$1.6M-47.5%	$3.0M-5.8%	$3.2M-11.1%	$3.6M+2272.7%	$151K-57.1%	$352K-36.4%	$553K-26.7%	$754K-24.0%	$993K-29.4%	$1.4M-39.6%	$2.3M
Total Equity	$38.9M+2.3%	$38.0M+8.0%	$35.2M+7.9%	$32.6M+30.0%	$25.1M+18.4%	$21.2M+18.4%	$17.9M+5.0%	$17.1M+14.3%	$14.9M+19.7%	$12.5M+3.6%	$12.0M+5.8%	$11.4M-0.9%	$11.5M+17.5%	$9.8M-8.0%	$10.6M
Retained Earnings	$19.3M-2.5%	$19.8M+9.9%	$18.1M+13.5%	$15.9M+79.1%	$8.9M+63.5%	$5.4M+121.2%	$2.5M-16.5%	$2.9M+551.4%	$452K+134.7%	-$1.3M+57.9%	-$3.1M+32.7%	-$4.6M+8.1%	-$5.0M+26.7%	-$6.8M-18.9%	-$5.7M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$59.0M+1.3%	$63.9M+3.6%	$61.8M+3.1%	$58.4M+0.9%	$58.2M+3.4%	$61.7M+7.1%	$60.0M+8.1%	$57.8M+8.9%
Current Assets	$29.0M-6.8%	$34.2M-5.1%	$32.9M-4.8%	$32.9M+1.8%	$31.1M+7.5%	$36.1M+11.0%	$34.6M+14.4%	$32.3M+14.4%
Cash & Equivalents	$7.2M-16.4%	$5.8M-39.6%	$6.6M-13.2%	$8.5M-20.1%	$8.6M+25.9%	$9.6M+81.9%	$7.6M+52.1%	$10.6M+18.7%
Short-Term Investments	$470K-66.1%	$0-100.0%	$0-100.0%	$0-100.0%	$1.4M-41.4%	$1.4M-54.3%	$2.4M-10.8%	$2.4M+134.6%
Inventory	$15.1M+33.2%	$12.5M+12.5%	$10.5M-3.2%	$9.5M-2.4%	$11.3M+9.7%	$11.1M+6.4%	$10.9M-2.2%	$9.7M+3.0%
Accounts Receivable	$4.4M-48.4%	$13.4M+11.8%	$12.6M+7.9%	$9.5M+17.3%	$8.6M-2.2%	$12.0M-7.8%	$11.7M+18.8%	$8.1M+16.7%
Long-Term Investments	$0	$0	$2.1M	$0	$0	$0	$0	$0
Goodwill	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%	$2.5M0.0%
Total Liabilities	$18.1M+15.5%	$21.3M+7.0%	$19.0M+2.1%	$15.4M-12.2%	$15.7M-9.4%	$19.9M+7.8%	$18.6M+8.1%	$17.5M+5.4%
Current Liabilities	$10.3M+12.5%	$13.4M+0.6%	$10.8M-9.3%	$11.1M+8.9%	$9.2M-16.2%	$13.3M+11.6%	$11.9M+18.0%	$10.2M+13.1%
Non-Current Liabilities	$7.8M+19.7%	$7.9M+19.7%	$8.2M+22.3%	$4.3M-41.6%	$6.5M+2.2%	$6.6M+0.8%	$6.7M-5.7%	$7.3M-3.8%
Long-Term Debt	$3.8M-40.2%	$3.9M-39.7%	$4.0M-38.9%	$4.1M-41.2%	$6.4M+4.6%	$6.5M+3.0%	$6.6M-3.1%	$7.1M+0.3%
Total Equity	$37.0M-5.9%	$38.8M+1.0%	$38.9M+2.3%	$39.0M+5.5%	$39.4M+8.9%	$38.4M+6.8%	$38.0M+8.0%	$36.9M+9.5%
Retained Earnings	$17.2M-15.4%	$19.1M-2.3%	$19.3M-2.5%	$19.8M+3.4%	$20.3M+9.5%	$19.6M+5.7%	$19.8M+9.9%	$19.2M+17.9%

FSI Cash Flow Statement

FSI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$2.5M	$3.8M-32.1%	$5.6M-9.0%	$6.1M+314.1%	$1.5M-67.4%	$4.5M-20.5%	$5.7M+140.7%	$2.4M+206.3%	-$2.2M-313.9%	$1.0M-41.3%	$1.8M-35.1%	$2.7M+157.6%	$1.1M+121.3%	$480K+256.2%	-$307K+61.5%	-$799K
Depreciation & Amortization	N/A	$2.0M+0.4%	$2.0M+16.1%	$1.7M+32.0%	$1.3M+32.2%	$966K+13.4%	$852K+37.3%	$620K+81.1%	$343K+26.8%	$270K-48.5%	$524K-6.8%	$562K-27.1%	$771K-39.7%	$1.3M+2.7%	$1.2M+276.2%	$331K
Stock-Based Compensation	N/A	$555K-17.5%	$673K+70.4%	$395K-1.0%	$399K+90.0%	$210K+34.7%	$156K-36.7%	$246K+121.6%	$111K-4.2%	$116K+75.1%	$66K-19.2%	$82K-9.9%	$91K-29.4%	$129K-9.3%	$142K-44.3%	$256K
Capital Expenditures	$6.0M	$4.4M-11.9%	$5.0M-0.5%	$5.0M+151.9%	$2.0M+153.3%	$782K-27.6%	$1.1M-41.0%	$1.8M+912.7%	$181K-57.6%	$426K+273.2%	$114K	N/A	$25K-89.6%	$236K+143.6%	-$97K-87.8%	$795K
Free Cash Flow	-$3.5M	-$592K-198.0%	$604K-46.4%	$1.1M+323.1%	-$504K-113.4%	$3.8M-18.8%	$4.6M+758.6%	$539K+122.3%	-$2.4M-491.4%	$616K-62.9%	$1.7M	N/A	$1.0M+324.6%	$244K+160.5%	-$404K+74.7%	-$1.6M
Investing Cash Flow	-$1.0M	$891K+141.2%	-$2.2M+55.4%	-$4.9M-119.1%	-$2.2M-235.9%	-$660K+79.5%	-$3.2M-20.6%	-$2.7M-4.3%	-$2.6M-186.0%	$3.0M+1465.9%	-$218K-241.6%	-$64K-159.7%	-$25K+89.5%	-$233K-340.7%	$97K+112.2%	-$795K
Financing Cash Flow	-$2.8M	-$5.9M-506.9%	-$978K-157.5%	-$380K-144.8%	$848K+149.6%	-$1.7M+36.6%	-$2.7M+12.6%	-$3.1M-150.4%	$6.1M+13666.3%	-$45K+97.3%	-$1.7M-91.2%	-$886K-13.7%	-$779K-489.6%	-$132K-150.5%	$262K+137.9%	-$689K
Dividends Paid	N/A	$1.3M+1.6%	$1.3M+100.2%	$627K	N/A	N/A	N/A	$2.4M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.6M	N/A	N/A	N/A	N/A	$1.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$5.3M+0.6%	-$1.8M-234.0%	-$3.0M-34.0%	$2.0M-18.5%	$5.3M-10.7%	-$544K+10.0%	-$2.2M+44.7%	$2.5M+12.6%
Depreciation & Amortization	$523K+15.0%	$509K+9.5%	$521K-1.7%	$445K-0.7%	$455K-18.3%	$465K+10.1%	$530K+12.5%	$448K-3.3%
Stock-Based Compensation	N/A	$110K+12.1%	N/A	$98K-27.0%	$98K-22.2%	$98K-61.4%	N/A	$134K
Capital Expenditures	$746K-23.7%	$2.2M+530.8%	$1.1M-49.1%	$2.0M+63.2%	$977K-17.6%	$354K-25.9%	$2.1M+214.3%	$1.2M+123.7%
Free Cash Flow	$4.6M+6.1%	-$4.1M-351.0%	-$4.0M+6.3%	$39K-96.9%	$4.3M-8.9%	-$898K+17.0%	-$4.3M+7.9%	$1.3M-23.7%
Investing Cash Flow	-$746K+24.0%	-$1.5M-325.4%	$2.7M+231.8%	-$1.5M-233.1%	-$982K+9.5%	$666K+540.5%	-$2.0M-7239.5%	$1.1M+337.9%
Financing Cash Flow	-$3.2M+41.8%	$2.6M+52.6%	-$1.6M-237.5%	-$603K-227.3%	-$5.4M-36.0%	$1.7M+26.4%	$1.2M-38.7%	$474K+237.3%
Dividends Paid	N/A	N/A	$0	$0	$1.3M+1.6%	N/A	$0	$0

Not reported in any period shown, so not listed: Share Buybacks.

FSI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FSI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	32.6%-2.1pp	34.6%+7.4pp	27.3%-3.0pp	30.3%-2.9pp	33.1%+2.0pp	31.1%-0.3pp	31.4%-0.2pp	31.6%-7.0pp	38.6%-4.4pp	43.0%+4.0pp	39.0%+6.7pp	32.3%+3.6pp	28.7%-3.5pp	32.1%-5.6pp	37.7%
Operating Margin	11.9%-2.5pp	14.4%+5.3pp	9.1%-6.2pp	15.4%-0.6pp	15.9%+2.8pp	13.1%+6.2pp	7.0%-0.4pp	7.3%-2.4pp	9.8%-9.2pp	19.0%+4.2pp	14.8%+10.6pp	4.2%+9.8pp	-5.7%-5.5pp	-0.2%-8.6pp	8.4%
Net Margin	2.0%-5.9pp	8.0%+0.7pp	7.2%-8.1pp	15.3%+5.3pp	10.0%+0.5pp	9.5%+2.5pp	7.0%-7.0pp	14.0%+2.6pp	11.3%+0.3pp	11.0%+1.6pp	9.5%+6.9pp	2.5%-9.0pp	11.5%+18.1pp	-6.6%-7.8pp	1.2%
Return on Equity	2.0%-6.0pp	8.0%+0.1pp	7.9%-13.6pp	21.5%+7.8pp	13.7%-0.3pp	14.0%+3.4pp	10.7%-3.9pp	14.6%+2.8pp	11.8%-2.6pp	14.4%+1.9pp	12.5%+9.0pp	3.5%-12.3pp	15.9%+27.0pp	-11.1%-12.8pp	1.7%
Return on Assets	1.3%-3.8pp	5.1%+0.1pp	5.0%-8.6pp	13.6%+4.9pp	8.7%+0.2pp	8.5%+2.6pp	5.9%-2.1pp	8.0%-1.9pp	9.9%-2.0pp	11.8%+1.2pp	10.6%+7.8pp	2.8%-9.5pp	12.3%+20.2pp	-7.9%-9.2pp	1.3%
Current Ratio	3.06+0.1x	2.91-0.1x	3.010.0x	3.01+0.6x	2.420.0x	2.41-0.2x	2.58-0.9x	3.47-1.7x	5.17+1.1x	4.05-1.1x	5.11+1.9x	3.16+0.5x	2.64+0.3x	2.36-0.2x	2.61
Debt-to-Equity	0.10-0.1x	0.170.0x	0.190.0x	0.17+0.1x	0.06-0.1x	0.140.0x	0.180.0x	0.21+0.2x	0.010.0x	0.030.0x	0.050.0x	0.070.0x	0.09-0.1x	0.14-0.1x	0.22
Asset Turnover	0.620.0x	0.64-0.1x	0.69-0.2x	0.890.0x	0.870.0x	0.900.0x	0.85+0.3x	0.57-0.3x	0.87-0.2x	1.07-0.1x	1.120.0x	1.120.0x	1.07-0.1x	1.19+0.1x	1.07
FCF Margin	-1.5%-3.1pp	1.6%-1.4pp	2.9%+4.0pp	-1.1%-12.0pp	10.9%-3.8pp	14.7%+12.8pp	2.0%+15.5pp	-13.5%-17.5pp	4.0%-6.2pp	10.2%	N/A	6.5%+5.0pp	1.6%+4.0pp	-2.5%+7.8pp	-10.3%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	-3.8%-51.2pp	22.8%-3.3pp	29.4%+0.2pp	23.9%-17.0pp	47.4%+10.0pp	26.1%-4.5pp	29.2%-1.0pp	40.9%+24.0pp
Operating Margin	-29.2%-58.2pp	-1.0%-0.1pp	11.7%+2.2pp	2.9%-17.6pp	29.0%+10.3pp	-0.9%-9.2pp	9.4%-8.1pp	20.5%+25.0pp
Net Margin	-25.1%-43.0pp	-2.9%+0.8pp	-5.1%-12.5pp	-4.8%-11.3pp	17.8%+5.6pp	-3.7%-8.7pp	7.4%-11.7pp	6.6%+14.8pp
Return on Equity	-5.2%-10.3pp	-0.6%+0.1pp	-1.2%-3.0pp	-1.3%-2.9pp	5.1%+1.6pp	-0.7%-2.0pp	1.8%-3.3pp	1.7%+3.8pp
Return on Assets	-3.2%-6.7pp	-0.4%+0.1pp	-0.8%-1.9pp	-0.9%-1.9pp	3.5%+1.2pp	-0.4%-1.2pp	1.1%-2.1pp	1.1%+2.4pp
Current Ratio	2.82-0.6x	2.56-0.2x	3.06+0.1x	2.96-0.2x	3.40+0.7x	2.720.0x	2.91-0.1x	3.170.0x
Debt-to-Equity	0.10-0.1x	0.10-0.1x	0.10-0.1x	0.11-0.1x	0.160.0x	0.170.0x	0.170.0x	0.190.0x
Asset Turnover	0.13-0.1x	0.130.0x	0.150.0x	0.180.0x	0.200.0x	0.120.0x	0.150.0x	0.160.0x
FCF Margin	60.0%+22.1pp	-48.8%-36.8pp	-44.3%+2.7pp	0.4%-13.2pp	37.9%-7.0pp	-12.0%-0.3pp	-47.0%+2.6pp	13.6%-5.4pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Flexible Solutions International, Inc. FSI	FY2025	$38.5M	$787K	2.0%	$77.3M	61/100
Aemetis, Inc. (DE) AMTX	FY2025	$197.6M	-$77.0M	-39.0%	$126.3M	33/100
Alto Ingredients, Inc. ALTO	FY2025	$917.9M	$13K	0.0%	$282.7M	33/100
Future Fuel Corporation FF	FY2025	$95.7M	-$49.4M	-51.6%	$224.6M	33/100
Trinseo PLC TSE	FY2025	$3.0B	-$545.6M	-18.3%	$8.3M	16/100
Loop Industries, Inc. LOOP	FY2026	$514K	-$12.3M	N/A	$20.0M	—

Where Flexible Solutions International, Inc. Ranks

Frequently Asked Questions

What is Flexible Solutions International, Inc.'s annual revenue?

Flexible Solutions International, Inc. (FSI) reported $38.5M in total revenue for fiscal year 2025. This represents a 0.7% 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 Flexible Solutions International, Inc.'s revenue growing?

Flexible Solutions International, Inc. (FSI) revenue grew by 0.7% year-over-year, from $38.2M to $38.5M in fiscal year 2025.

Is Flexible Solutions International, Inc. profitable?

Yes, Flexible Solutions International, Inc. (FSI) reported a net income of $787K in fiscal year 2025, with a net profit margin of 2.0%.

What is Flexible Solutions International, Inc.'s EBITDA?

Flexible Solutions International, Inc. (FSI) had EBITDA of $6.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Flexible Solutions International, Inc. have?

As of fiscal year 2025, Flexible Solutions International, Inc. (FSI) had $6.6M in cash and equivalents against $4.0M in long-term debt.

What is Flexible Solutions International, Inc.'s gross margin?

Flexible Solutions International, Inc. (FSI) had a gross margin of 32.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Flexible Solutions International, Inc.'s operating margin?

Flexible Solutions International, Inc. (FSI) had an operating margin of 11.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Flexible Solutions International, Inc.'s net profit margin?

Flexible Solutions International, Inc. (FSI) had a net profit margin of 2.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Flexible Solutions International, Inc.'s return on equity (ROE)?

Flexible Solutions International, Inc. (FSI) has a return on equity of 2.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Flexible Solutions International, Inc.'s free cash flow?

Flexible Solutions International, Inc. (FSI) recorded an outflow of $592K in free cash flow during fiscal year 2025. This represents a -198.0% 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 Flexible Solutions International, Inc.'s operating cash flow?

Flexible Solutions International, Inc. (FSI) generated $3.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Flexible Solutions International, Inc.'s total assets?

Flexible Solutions International, Inc. (FSI) had $61.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Flexible Solutions International, Inc.'s capital expenditures?

Flexible Solutions International, Inc. (FSI) invested $4.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Flexible Solutions International, Inc. spend on research and development?

Flexible Solutions International, Inc. (FSI) invested $615K in research and development during fiscal year 2025.

How many shares does Flexible Solutions International, Inc. have outstanding?

Flexible Solutions International, Inc. (FSI) had 13M shares outstanding as of fiscal year 2025.

What is Flexible Solutions International, Inc.'s current ratio?

Flexible Solutions International, Inc. (FSI) had a current ratio of 3.06 as of fiscal year 2025, which is generally considered healthy.

What is Flexible Solutions International, Inc.'s debt-to-equity ratio?

Flexible Solutions International, Inc. (FSI) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Flexible Solutions International, Inc.'s return on assets (ROA)?

Flexible Solutions International, Inc. (FSI) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Flexible Solutions International, Inc.'s P/E ratio?

Flexible Solutions International, Inc. (FSI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $77.3M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Flexible Solutions International, Inc.'s price-to-sales ratio?

Flexible Solutions International, Inc. (FSI) trades at 2.2x sales, its market capitalization divided by revenue of $35.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $77.3M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Flexible Solutions International, Inc.'s Altman Z-Score?

Flexible Solutions International, Inc. (FSI) has an Altman Z-Score of 4.18, 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 Flexible Solutions International, Inc.'s Piotroski F-Score?

Flexible Solutions International, Inc. (FSI) has a Piotroski F-Score of 5 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 Flexible Solutions International, Inc.'s earnings high quality?

Flexible Solutions International, Inc. (FSI) has an earnings quality ratio of 4.81x, 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.

How financially healthy is Flexible Solutions International, Inc.?

Flexible Solutions International, Inc. (FSI) scores 61 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.