FLXS Financials FLEXSTEEL INDUSTRIES INC

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 27 d ago Overview →

Growth & profitability

Revenue has declined 0.8% per year over the past 5 years.
Net income has grown faster than revenue (7.5% vs -0.8% per year).
Operating margin has expanded, at 9.3% in the latest year.

Financial health

Operating income covered interest expense 1934× in the latest year, down from 3120× 5 years ago.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 13.2% of earnings and 9.2% of free cash flow.
The dividend has grown 10.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$459M	$33M	24.7%	9.3%	24.8%	13.0%	$48M	—	$17M
2025	$441M	$20M	22.2%	6.0%	12.0%	7.1%	$34M	—	$40M
2024	$413M	$11M	21.1%	4.1%	7.0%	3.8%	$27M	—	$5M
2023	$394M	$15M	18.0%	2.7%	10.4%	5.1%	$18M	—	$3M
2022	$544M	$2M	13.4%	1.2%	1.4%	0.7%	$4M	—	$2M
2021	$479M	$23M	20.2%	6.5%	13.7%	7.8%	-$35M	—	$1M
2020	$367M	-$27M	14.5%	-9.4%	-15.3%	-11.3%	$15M	—	$48M
2019	$444M	-$33M	15.8%	-9.7%	-15.9%	-12.8%	-$15M	—	$22M
2018	$489M	$18M	20.1%	5.0%	7.3%	6.2%	-$2M	—	$28M
2017	$469M	$24M	23.2%	7.9%	10.3%	8.8%	$13M	—	$29M
2016	—	$24M	—	—	11.6%	9.8%	$47M	—	$37M
2015	—	$22M	—	—	11.9%	9.1%	-$34M	—	$1M
2014	—	$15M	—	—	—	7.1%	$12M	—	$22M
2013	—	$13M	—	—	—	6.8%	-$320000	—	—
2012	—	$13M	—	—	—	7.2%	-$2M	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Mar '26	$115M	$6M	22.6%	7.1%	3.5%	2.2%	$22M	—	$57M
Dec '25	$118M	$7M	22.7%	7.6%	3.7%	2.3%	-$735000	—	$37M
Sep '25	$110M	$7M	23.5%	8.1%	4.3%	2.6%	$3M	—	$39M
Jun '25	$115M	$11M	23.9%	12.2%	6.4%	3.8%	$15M	—	$40M
Mar '25	$114M	-$4M	22.2%	-4.4%	-2.4%	-1.4%	$11M	—	$23M
Dec '24	$108M	$9M	21.0%	10.7%	5.6%	3.3%	$6M	—	$12M
Sep '24	$104M	$4M	21.5%	5.8%	2.7%	1.5%	$2M	—	$6M
Jun '24	$111M	$5M	21.3%	6.9%	3.3%	1.8%	$7M	—	$5M
Mar '24	$107M	$2M	21.7%	2.8%	1.2%	0.7%	$6M	—	$5M
Dec '23	$100M	$3M	21.9%	4.6%	2.1%	1.1%	$17M	—	$3M
Sep '23	$95M	$752000	19.5%	2.0%	0.5%	0.3%	-$3M	—	$3M
Jun '23	$106M	$10M	20.0%	4.0%	7.2%	3.5%	-$9M	—	$3M
Mar '23	$99M	$1M	18.8%	2.1%	1.1%	0.6%	$4M	—	$2M
Dec '22	$93M	$3M	17.0%	4.0%	2.2%	1.1%	$11M	—	$2M
Sep '22	$96M	$289000	16.0%	0.4%	0.2%	0.1%	$11M	—	$4M
Jun '22	$125M	-$271000	14.2%	2.9%	-0.2%	-0.1%	$11M	—	$2M
Mar '22	$140M	$5M	15.7%	4.1%	3.8%	1.8%	$36M	—	$3M
Dec '21	$142M	-$8M	6.7%	-6.1%	-4.9%	-2.3%	$3M	—	$4M
Sep '21	$138M	$4M	17.0%	4.3%	2.6%	1.3%	-$45M	—	$4M
Jun '21	$136M	$6M	19.4%	5.2%	3.5%	2.0%	-$18M	—	$1M

Valuation over time

How the market has priced FLXS 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.

The price-to-earnings ratio has fallen from 43.0× (Mar '23) to 9.9× (Sep '26).
The price-to-sales ratio has risen from 0.1× (Mar '23) to 0.7× (Sep '26).
The dividend yield has fallen from 4.9% (Mar '23) to 1.3% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is FLXS growing its revenue and profit?

Over the past 5 years, FLEXSTEEL INDUSTRIES INC's revenue has declined 0.8% per year, and net income grown 7.5% per year. These are computed facts, not advice.

How much debt does FLXS have?

As of FY2026, FLEXSTEEL INDUSTRIES INC reported — of total debt against $17M of cash; operating income covered interest expense 1934×.

What is FLXS's profit margin?

In FY2026, gross margin was 24.7%, operating margin 9.3%, and net margin 7.2%.

What is FLXS's P/E ratio?

As of Sep '26, FLEXSTEEL INDUSTRIES INC traded at a price-to-earnings ratio of about 9.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

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.