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.

Revenue
+24.8%
EPS
+34.6%
Free cash flow
−14.4%
Total debt
+41.3%

Quarter to September 2026, against a year earlier

67.26 9.98 −12.92%
Market cap
$24.7B
P/E
24.3×
Fwd P/E
23.9×
Dividend yield
—
F-score
6/9
Altman Z
2.70
Beneish M
−2.56
Dividend safety
n/a

Flex Ltd. (FLEX) Free cash flow margin

Alert me on Free cash flow margin

Flex Ltd.'s free cash flow margin over the twelve months to 30 September 2026 was 2.55%, down 1.2 percentage points from fiscal 2026 (3.80%). Over the past ten years it has ranged from −18.1% (fiscal 2017) to 4.19% (fiscal 2025); the current reading is higher than 92% of that period. That is above the Electronic Components industry median of 1.66% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2026 3.80% (0.39)
FY2025 4.19% 1.08
FY2024 3.11% 1.93
FY2023 1.18% (1.22)
FY2022 2.40% 2.91
FY2021 −0.51% 7.29
FY2020 −7.80% 5.95
FY2019 −13.8% 3.48
FY2018 −17.2% 0.84
FY2017 −18.1% (20.69)

Against its own ten years

Low −18.1% High 4.19%
Ten-year median 1.65%
Current reading's percentile 92

Free cash flow margin against peers

Company Free cash flow margin
LFUS Littelfuse, Inc. compare 19.5%
TEL TE Connectivity Ltd. compare 17.2%
GLW Corning Incorporated compare 13.9%
RAL Ralliant Corporation compare 13.3%
SANM Sanmina Corporation compare 4.69%
JBL Jabil, Inc. compare 4.26%
FLEX Flex Ltd. 2.55%
TTMI TTM Technologies, Inc. compare 0.77%
FN Fabrinet compare −3.70%
Electronic Components industry median 1.66%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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