Flex FLEX
- Market cap
- $28.3B
- PE
- 29.6×
- 10y median 17.8×
- Forward PE
- 14.7×
- 10y median 12.1×
- Price to sales
- 1.0×
- EV/EBIT
- 19.2×
- Revenue, 12 months
- $29.3B
- +12% on a year ago
- Net margin
- 3.3%
- Free cash flow yield
- 2.9%
Flex trades at 29.6× trailing earnings, pricier than 78% of the last ten years. Revenue was $29.3B over the last twelve months, up 12% on a year earlier with a 3% net margin.
Charts
Financials
| Income statement | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $6.9B−5% | $6.4B−12% | $6.2B−12% | $6.3B−8% | $6.5B−6% | $6.6B+2% | $6.4B+4% | $6.6B+4% | $6.8B+4% | $7.1B+8% | $7.5B+17% | $7.9B+21% | |
| Cost of revenue | $6.4B−11% | $6B−17% | $5.7B−17% | $5.8B−9% | $6B−6% | $6B−0% | $5.8B+2% | $6B+3% | $6.2B+3% | $6.4B+7% | $6.8B+16% | $7.2B+20% |
| Gross profit | $519M−1% | $433M−13% | $437M−6% | $471M−1% | $531M+2% | $594M+37% | $563M+29% | $572M+21% | $614M+16% | $679M+14% | $702M+25% | $747M+31% |
| SG&A | $221M−10% | $205M−16% | $261M−2% | $213M−9% | $216M−2% | $241M+18% | $234M−10% | $233M+9% | $260M+20% | $270M+12% | $289M+24% | $334M+43% |
| $281M−0% | $198M−24% | $159M−29% | $233M+8% | $297M+6% | $334M+69% | $305M+92% | $311M+34% | $296M−0% | $389M+17% | $372M+22% | $392M+26% | |
| Interest expense | $49M+11% | $50M+2% | $52M+2% | $56M+0% | $53M+8% | $57M+14% | $52M+0% | $51M−9% | $52M−2% | $58M+2% | $54M+4% | $60M+18% |
| Pre-tax income | $233M−14% | $152M−42% | $117M−44% | $192M+17% | $264M+13% | $288M+90% | $279M+139% | $246M+28% | $262M−1% | $320M+11% | $315M+13% | $377M+53% |
| $32M−6% | $23M−8% | −$278M+79% | $53M+212% | $50M+56% | $25M+9% | $57M | $54M+2% | $63M+26% | $81M+224% | $65M+14% | $92M+70% | |
| Net income | $228M−2% | $197M−14% | $395M+178% | $139M−25% | $214M−6% | $263M+34% | $222M−44% | $192M+38% | $199M−7% | $239M−9% | $250M+13% | $285M+48% |
| $0.51+2% | $0.45−10% | $0.93+200% | $0.34−17% | $0.54+6% | $0.67+49% | $0.57−39% | $0.50+47% | $0.52−4% | $0.64−5% | $0.67+18% | $0.76+52% | |
| 448M−3% | 436M−5% | 425M−7% | 411M−10% | 400M−11% | 394M−10% | 389M−9% | 381M−7% | 380M−5% | 376M−5% | 375M−4% | 374M−2% |
Operating income: 53 periods, Q1 FY09 to Q1 FY22: not printed by the filing, worked out from its own lines.
EPS, diluted: 12 periods, Q4 FY09 to Q4 FY26: quarter's net income to common over its shares, to the cent.
Diluted shares: 4 periods, Q4 FY09 to Q4 FY19: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY10: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution. 10 periods, Q4 FY11 to Q4 FY26: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q2 FY27 | $8.2B | $8.1B to $8.3B | $1.06 | $1.05 to $1.10 | 7 |
| Q3 FY27 | $9B | $8.8B to $9.1B | $1.22 | $1.18 to $1.25 | 3 |
| Q4 FY27 | $9.7B | $9.6B to $9.8B | $1.41 | $1.39 to $1.42 | 1 |
| Q1 FY28 | $10.1B | $10B to $10.2B | $1.53 | $1.51 to $1.54 | 1 |
| Q2 FY28 | $10.8B | $10.7B to $10.9B | $1.66 | $1.64 to $1.68 | 1 |
| Q3 FY28 | $11.8B | $11.7B to $11.9B | $1.84 | $1.82 to $1.86 | 1 |
| Q4 FY28 | $12.5B | $12.4B to $12.6B | $2.01 | $1.98 to $2.03 | 1 |
| Q1 FY29 | $13B | $12.8B to $13.1B | $2.35 | $2.32 to $2.38 | 1 |
Peers
Companies in Hardware, Equipment & Parts nearest Flex's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| FLEXFlex | $28.3B | 29.6× | 17.8× | 14.7× | 1.0× | +12% | 3.3% |
| JBLJabil | $28.7B | 34.2× | 26.0× | 15.5× | 0.9× | +18% | 2.6% |
| TDYTeledyne Technologies | $29B | 30.2× | 29.3× | 24.5× | 4.5× | +8% | 15.3% |
| CLSCelestica | $29.9B | 27.1× | 45.0× | n/m | 1.9× | +47% | 7.2% |
| COHRCoherent | $41B | 50.9× | 30.1× | 22.3× | 5.8× | +23% | 11.3% |
| FTVFortive | $18.2B | 35.7× | 22.9× | n/m | 4.2× | +6% | 12.4% |
| KEYSKeysight Technologies | $53.6B | 43.1× | 36.5× | 23.5× | 8.1× | +26% | 19.1% |
| GRMNGarmin | $56.6B | 30.3× | 21.4× | 28.5× | 7.4× | +14% | 24.5% |
| MKSIMKS | $13.3B | 31.4× | 25.2× | n/m | 3.1× | +16% | 10.1% |
| CGNXCognex | $9.3B | 53.9× | 48.1× | n/m | 8.6× | +17% | 16.1% |
| AEISAdvanced Energy Industries | $8.7B | 40.4× | 24.3× | n/m | 4.3× | +25% | 10.8% |
| Peer median | $28.8B | 34.9× | 27.6× | 23.5× | 4.4× | +17% | 11.8% |
Investors who own it
Investors we follow who held Flex at the end of Jun 30, 2026, from their 13F filings.
- Dan LoebThird Point3.6% of portfolionew
- Lee AinslieMaverick Capital0.0% of portfolionew
More on Flex
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Its groups
About
- Industry
- Hardware, Equipment & Parts
- Sector
- Technology
Valuation data, not investment advice. Prices as of .