Saturday 17 October 2026 Export FLEX’s income statement to Excel — free account

Flex Ltd.

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%

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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 117.61

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	5	1	1	—	1	—	11	12	—	1	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 36,390.00

Revenue 29,267.00

Net Income 973.00

Free Cash Flow 833.00

Net Debt 2,379.00

Current Ratio 1.38

Debt/Equity 0.95

P/E ratio 34.93

Fwd P/E 37.00

P/S ratio 1.13

P/B ratio 6.02

Past 5Y EPS Growth 14.00%

This Y EPS Growth 42.47%

Next Y EPS Growth 50.37%

Next Y revenue growth 24.03%

Next 5Y EPS Growth 41.70%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 85.78%

10-year low 10-year high

P/S against its own 10 years 95.43%

10-year low 10-year high

P/B against its own 10 years 95.39%

10-year low 10-year high

EV/Sales against its own 10 years 95.58%

10-year low 10-year high

EV/FCF against its own 10 years 88.56%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	2,474	2,289	2,389	2,840
Receivables	3,033	3,671	4,679	5,036
Inventory	6,205	5,071	5,845	6,453
Other	1,280	1,810	3,419	3,908
	12,992	12,841	16,332	18,237

	2024	2025	2026	Q'26
Payables	4,468	5,147	8,055	9,195
ST’ Debt	—	1,209	—	—
Other	968	977	1,134	1,393
	8,539	9,850	12,016	13,220

Compound Annual Growth %

	10y	5y	3y
Sales	1.35%	2.96%	(0.69%)
Cash Flow	4.02%	63.55%	21.05%
Earnings	7.08%	7.50%	3.53%
Book Value	7.04%	8.41%	(3.40%)

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	7,928	—	—	—	—
’26	6,575	6,804	7,058	7,477	27,914
’25	6,314	6,545	6,556	6,398	25,813
’24	6,892	6,933	6,421	6,169	26,415
’23	7,347	7,766	7,756	5,633	28,502
’22	6,342	6,229	6,619	5,443	24,633
’21	5,153	5,985	6,720	6,266	24,124

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	276	—	—	—	—
’26	399	453	420	413	1,685
’25	340	319	413	433	1,505
’24	6	357	284	679	1,326
’23	38	103	359	450	950
’22	334	180	150	360	1,024
’21	(629)	264	348	161	144

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	41	—	—	—	—
’26	268	305	275	212	1,060
’25	232	219	306	325	1,082
’24	(150)	213	156	602	821
’23	(53)	(84)	202	270	335
’22	219	90	31	252	592
’21	(731)	195	283	131	(122)

Fiscal quarters ending in the months shown.

EPS $

	Jun	Sep	Dec	Mar	Year
’26	0.76	—	—	—	—
’26	0.50	0.52	0.64	0.67	2.33
’25	0.34	0.54	0.67	0.57	2.11
’24	0.41	0.51	0.45	0.93	2.28
’23	0.40	0.50	0.50	0.31	1.72
’22	0.41	0.69	0.48	0.36	1.94
’21	0.10	0.22	0.41	0.47	1.21

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	10.72	5.08	5.52	4.04	11.69	10.27	14.65	21.84	25.11	55.16	Analyst estimates 2027–2029 Powerpack
	High	14.40	14.85	9.70	13.93	15.10	17.65	23.17	42.47	72.22	166.86
People
People	Employees	200,000	200,000	200,000	160,000	167,201	172,648	172,000	148,000	147,979	149,686
	Revenue/emp, $m	0.12	0.13	0.13	0.15	0.14	0.14	0.17	0.18	0.17	0.19
Income, $m
Income, $m	Revenue	23,863	25,441	26,211	24,210	24,124	24,633	28,502	26,415	25,813	27,914
	Gross margin, %	6.37	6.27	5.79	5.53	6.99	7.23	6.93	7.06	8.36	9.20
	EBT	371	521	182	159	714	964	807	666	1,023	1,143
	EBT margin, %	1.55	2.05	0.69	0.66	2.96	3.91	2.83	2.52	3.96	4.09
	Net income	320	429	93	88	613	936	1,033	1,245	838	880
	Depreciation	610	555	765	626	569	484	501	537	539	563
Per share, $
Per share, $	Revenue	44.15	48.02	49.74	47.56	48.34	51.75	62.78	60.72	66.02	75.24
	Earnings	0.59	0.80	0.18	0.17	1.21	1.94	1.72	2.28	2.11	2.33
	Cash flow	(7.07)	(7.30)	(5.64)	(3.01)	0.29	2.15	2.09	3.05	3.85	4.54
	Capex	(0.91)	(0.98)	(1.20)	(0.70)	(0.53)	(0.91)	(1.35)	(1.16)	(1.08)	(1.68)
	Free cash flow	(7.98)	(8.27)	(6.84)	(3.71)	(0.24)	1.24	0.74	1.89	2.77	2.86
	Book value	4.96	5.70	5.64	5.56	6.89	8.67	12.57	12.24	12.79	13.87
	Shares, m	541	530	527	509	499	476	454	435	391	371
Valuation, ×
Valuation, ×	P/E	21.63	15.06	45.82	35.11	11.50	7.21	10.14	12.37	15.60	28.09
	P/S	0.29	0.25	0.16	0.13	0.29	0.27	0.28	0.47	0.50	0.87
	P/B	2.55	2.11	1.38	1.14	2.00	1.61	1.38	2.32	2.59	4.72
	EV/Sales	0.33	0.31	0.21	0.17	0.33	0.32	0.29	0.50	0.56	0.94
	EV/FCF	(1.85)	(1.79)	(1.52)	(2.19)	(65.84)	13.32	25.08	16.03	13.25	24.83
Cash, $m
Cash, $m	Operating cash flow	(3,822)	(3,866)	(2,971)	(1,533)	144	1,024	950	1,326	1,505	1,685
	Capex	(490)	(517)	(632)	(356)	(266)	(432)	(615)	(505)	(423)	(625)
	Free cash flow	(4,312)	(4,384)	(3,603)	(1,889)	(122)	592	335	821	1,082	1,060
Balance, $m
Balance, $m	Working capital	1,883	1,902	1,506	1,875	3,529	3,626	5,166	4,453	2,991	4,316
	Total debt	2,952	2,941	3,055	2,838	3,783	4,197	3,694	3,261	3,692	3,751
	Net debt	1,121	1,468	1,358	915	1,146	1,233	530	787	1,403	1,362
	Shareholders’ equity	2,678	3,019	2,972	2,831	3,436	4,129	5,706	5,325	5,002	5,144
Returns, %
Returns, %	ROA	2.56	3.26	0.68	0.65	4.15	5.32	3.89	5.07	4.57	4.35
	ROIC	8.09	6.60	6.88	6.92	10.84	10.37	10.19	8.72	11.41	13.14
	ROE	12.10	15.04	3.10	3.03	19.56	24.75	16.13	18.24	16.23	17.35

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GLW Corning Incorporated	$119.2B	59.7×	66.0×	+16.65% (above 0%: growing)	+18.18% (above 0%: growing)	+223.75% (above 0%: growing)	36.14%	15.49%	Compare
TEL TE Connectivity Ltd.	$61.7B	20.7×	19.7×	+13.81% (above 0%: growing)	+18.98% (above 0%: growing)	−8.21% (below 0%: shrinking)	35.56%	19.01%	Compare
FLEX Flex Ltd.	$36.4B	34.9×	37.0×	+20.58% (above 0%: growing)	+52.00% (above 0%: growing)	−84.70% (below 0%: shrinking)	9.42%	4.94%
JBL Jabil, Inc.	$30.1B	28.2×	31.7×	+28.65% (above 0%: growing)	+86.61% (above 0%: growing)	+7.13% (above 0%: growing)	9.43%	5.67%	Compare
FN Fabrinet	$13.8B	27.5×	38.1×	+44.64% (above 0%: growing)	+59.43% (above 0%: growing)	−885.01% (below 0%: shrinking)	12.01%	10.20%	Compare
TTMI TTM Technologies, Inc.	$10.7B	41.2×	53.7×	+37.42% (above 0%: growing)	+95.12% (above 0%: growing)	+22.47% (above 0%: growing)	21.10%	10.86%	Compare
VICR Vicor Corporation	$10.1B	60.0×	96.1×	+1.63% (above 0%: growing)	+17.39% (above 0%: growing)	−61.09% (below 0%: shrinking)	57.98%	24.33%	Compare
SANM Sanmina Corporation	$10.1B	30.8×	44.7×	+69.67% (above 0%: growing)	+69.53% (above 0%: growing)	−85.58% (below 0%: shrinking)	10.49%	6.39%	Compare
LFUS Littelfuse, Inc.	$10.0B	— (loss-making)	32.2×	+20.44% (above 0%: growing)	+52.16% (above 0%: growing)	+86.12% (above 0%: growing)	41.43%	16.21%	Compare
Median of peers	$12.2B	30.8×	41.4×	+24.55%	+55.80%	−0.54%	28.33%	13.18%

All 49 Electronic Components stocks →

Flex Ltd. (FLEX) key facts

Strength: Flex Ltd.’s revenue for fiscal 2026 (year ended March 2026) was $27.9 billion, up 8.14% from fiscal 2025.
Flex Ltd. (FLEX) is an Electronic Components company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, FLEX traded at $90.46, a market capitalization of $36.4 billion.
Return on equity was 17.4% and debt-to-equity 0.95.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.70 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.