Flex Ltd.

FLEX Technology Electronic Components

Flex Ltd.’s revenue for fiscal 2026 (year ended March 2026) was $27.9 billion, up 8.14% from fiscal 2025. In the quarter to June 2026, revenue grew 20.6%, EPS grew 52.0%, free cash flow fell 84.7% and total debt rose 41.8%, each against the same quarter a year earlier. Member of the S&P 500; operating cash flow growth for three consecutive years.

90.46 8.04 −8.16%
Market cap
$36.4B
P/E
34.9×
Fwd P/E
37.0×
Dividend yield
—
F-score
6/9
Altman Z
2.70
Beneish M
−2.56
Dividend safety
n/a

Flex Ltd. (FLEX) Debt to equity

Alert me on Debt to equity

Flex Ltd.'s debt to equity at the end of the quarter to 30 June 2026 was 0.9×, up 0.2× from fiscal 2026 (0.7×). Over the past ten years it has ranged from 0.6× (fiscal 2024) to 1.1× (fiscal 2017); the current reading is higher than 25% of that period. That is above the Electronic Components industry median of 0.1× and above the Technology sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 0.7× (1.21%)
FY2025 0.7× 20.53%
FY2024 0.6× (5.41%)
FY2023 0.6× (36.31%)
FY2022 1.0× (7.67%)
FY2021 1.1× 9.83%
FY2020 1.0× (2.44%)
FY2019 1.0× 5.48%
FY2018 1.0× (11.62%)
FY2017 1.1× 3.51%

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.9× 30.13%
Mar 2026 0.7× (15.80%)
Dec 2025 0.9× 18.19%
Sep 2025 0.7× 1.30%
42 more quarters

Against its own ten years

Low 0.6× High 1.1×
Ten-year median 1.0×
Current reading's percentile 25

Debt to equity against peers

Company Debt to equity
VICR Vicor Corporation compare 0.0×
FN Fabrinet compare 0.0×
LFUS Littelfuse, Inc. compare 0.2×
TEL TE Connectivity Ltd. compare 0.4×
TTMI TTM Technologies, Inc. compare 0.5×
GLW Corning Incorporated compare 0.6×
SANM Sanmina Corporation compare 0.8×
FLEX Flex Ltd. 0.9×
JBL Jabil, Inc. compare 1.8×
Electronic Components industry median 0.1×
Technology sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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