15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2026 | $27.9B | $880M | 9.2% | 4.9% | $1.1B | $3.8B | $2.4B |
| 2025 | $25.8B | $838M | 8.4% | 4.5% | $1.1B | $3.7B | $2.3B |
| 2024 | $26.4B | $872M | 7.1% | 3.2% | $796M | $3.3B | $2.5B |
| 2023 | $28.5B | $793M | 6.9% | 3.6% | $315M | $3.7B | $3.2B |
| 2022 | $24.6B | $936M | 7.2% | 3.6% | $581M | $4.2B | $3.0B |
| 2021 | $24.1B | $613M | 7.0% | 3.3% | -$207M | $3.8B | $2.6B |
| 2020 | $24.2B | $88M | 5.5% | 1.7% | -$2.0B | $2.9B | $1.9B |
| 2019 | $26.2B | $93M | 5.8% | 0.0% | -$3.7B | $3.1B | $1.7B |
| 2018 | $25.4B | $429M | 6.3% | 0.0% | -$4.4B | $3.0B | $1.5B |
| 2017 | $23.9B | $320M | 6.4% | 0.0% | -$4.3B | $3.0B | $1.8B |
| 2016 | — | $444M | — | — | $626M | $2.8B | $1.8B |
| 2015 | — | $601M | — | — | $447M | $2.1B | $1.6B |
| 2014 | — | $366M | — | — | $607M | $2.1B | $1.6B |
| 2013 | — | $277M | — | — | $626M | $2.1B | $1.6B |
| 2012 | — | $489M | — | — | $367M | $2.2B | $1.5B |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $7.5B | $250M | 9.4% | 5.0% | $211M | $3.8B | $2.4B |
| Dec '25 | $7.1B | $239M | 9.6% | 5.5% | $272M | $4.4B | $3.1B |
| Sep '25 | $6.8B | $199M | 9.0% | 4.4% | $303M | $3.7B | $2.2B |
| Jun '25 | $6.6B | $192M | 8.7% | 4.7% | $266M | $3.7B | $2.2B |
| Mar '25 | $6.4B | $222M | 8.8% | 4.8% | $321M | $3.7B | $2.3B |
| Dec '24 | $6.6B | $263M | 9.1% | 5.1% | $301M | $3.7B | $2.3B |
| Sep '24 | $6.5B | $214M | 8.1% | 4.5% | $216M | $3.7B | $2.6B |
| Jun '24 | $6.3B | $139M | 7.5% | 3.7% | $229M | $3.2B | $2.2B |
| Mar '24 | $6.2B | $395M | 7.1% | 2.6% | $598M | $3.3B | $2.5B |
| Dec '23 | $6.4B | $197M | 6.7% | 3.1% | $154M | $3.4B | $2.8B |
| Sep '23 | $6.9B | $228M | 7.5% | 4.1% | $205M | $3.4B | $2.9B |
| Jun '23 | $6.9B | $186M | 6.9% | 3.1% | -$161M | $3.6B | $2.7B |
| Mar '23 | $7.0B | $142M | 6.7% | 3.2% | $270M | $3.7B | $3.2B |
| Dec '22 | $7.3B | $230M | 6.9% | 3.6% | $200M | $4.0B | $2.6B |
| Sep '22 | $7.3B | $232M | 7.2% | 3.9% | -$86M | $4.0B | $2.5B |
| Jul '22 | $7.3B | $189M | 7.3% | 3.7% | -$69M | $4.1B | $2.6B |
| Mar '22 | $6.9B | $167M | 7.4% | 3.3% | $250M | $4.2B | $3.0B |
| Dec '21 | $6.6B | $227M | 7.4% | 3.8% | $27M | $4.5B | $2.6B |
| Oct '21 | $6.2B | $336M | 7.5% | 3.8% | $88M | $3.8B | $2.5B |
| Jul '21 | $6.3B | $206M | 7.4% | 4.0% | $216M | $3.8B | $2.7B |
How the market has priced FLEX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Flex Ltd.'s revenue has grown 3.0% per year, and net income grown 7.5% per year. These are computed facts, not advice.
As of FY2026, Flex Ltd. reported $3.8B of total debt against $2.4B of cash; operating income covered interest expense 6.4×.
In FY2026, gross margin was 9.2%, operating margin 4.9%, and net margin 3.2%.
As of Jun '26, Flex Ltd. traded at a price-to-earnings ratio of about 67.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.