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

67.86 1.13 +1.69%
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) Return on invested capital

Alert me on Return on invested capital

Flex Ltd.'s return on invested capital over the twelve months to 30 September 2026 was 12.3%, down 0.8 percentage points from fiscal 2026 (13.1%). Over the past ten years it has ranged from 6.60% (fiscal 2018) to 14.7% (fiscal 2015); the current reading is higher than 92% of that period. That is above the Electronic Components industry median of 4.66% and above the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2026 13.1% 1.73
FY2025 11.4% 2.69
FY2024 8.72% (1.47)
FY2023 10.2% (0.18)
FY2022 10.4% (0.47)
FY2021 10.8% 3.92
FY2020 6.92% 0.04
FY2019 6.88% 0.28
FY2018 6.60% (1.49)
FY2017 8.09% (1.64)

Against its own ten years

Low 6.60% High 14.7%
Ten-year median 9.96%
Current reading's percentile 92

Return on invested capital against peers

Company Return on invested capital
JBL Jabil, Inc. compare 38.6%
FN Fabrinet compare 17.5%
TEL TE Connectivity Ltd. compare 14.7%
FLEX Flex Ltd. 12.3%
SANM Sanmina Corporation compare 10.7%
TTMI TTM Technologies, Inc. compare 9.44%
GLW Corning Incorporated compare 9.15%
LFUS Littelfuse, Inc. compare 3.74%
RAL Ralliant Corporation compare −28.7%
Electronic Components industry median 4.66%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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